Virginia Beach Homes For Sale:

929 Fern Ridge Road Virginia Beach , VA 23452

HERE IS THE EXCEPTION TO WHAT YOU’VE SEEN SO FAR: …. Up until now, everything you see “Needs Work”; “Has Potential”; “Look what you could have” “Subject to Short Sale” ….

NOW you have found the ONE home that is really in great condition and ready for you to say AHHHHH! Look, Love, Buy and Move In! Custom kitchen features new cabinets (42″ wall cabinets) and counters, new flooring and a wall of pantry space. Add the new island complete with pan drawers and an electrical outlet and you have a wonderful and functional cooking area. Never enough counters or storage space? Not Here! More cabinets and better placed than anything you’ve seen in this price range.
This is just the kitchen, continue reading to learn even more about all the wonderful updates and upgrades in this home. Maybe you’ve found the Home for your future.

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The number of people experiencing their Virginia Beach home entering foreclosure is steadily increasing. Also increasing, is the number of bargains just waiting for home buyers to make a move. In RealtyTrac’s April 2009 U.S. Foreclosure Market Report^TM they found that default notices, auction sale notices and bank repossessions were reported on 342,038 properties during the month of April alone. The increasing numbers have contributed to the thirty two percent increase since last year’s April 2008 report. The report also showed one in every three hundred and seventy four homes received a foreclosure filing in April. These statistics prove foreclosure to be a growing threat to home owners. On the other hand, the foreclosure situation is benefiting people looking to purchase real estate in this buyer’s market.

The amount of foreclosure properties on the market opens the door to opportunity for buyers. One way for buyers to take advantage of the opportunity to purchase a foreclosed Virginia Beach home is though an auction. It is important for people, especially first timers, to become educated on how to buy a home at a foreclosure auction. The first place to start would be to look up general information about the process on the internet. Then, it might be a good idea to contact a real estate agent or real estate attorney for professional help and advising. Auctions can be organized in public places or held at local courthouses. It is best to avoid auctions held at courthouses because professional investors are common competitors and there is not much, if any, time to research the physical condition and financial background of the property being auctioned. Instead, find foreclosure auction notices in the local newspaper, online, or by contacting a city official for upcoming auction dates. It is important for buyers to research the property before deciding if they will bid on it. Prior to determining your bid gather some important information about to property such as, the estimated market value, outstanding loan balances, property liens, ownership history, title information, and calculate possible monthly expenses as the future homeowner. Once a little research is done on the property, enough knowledge will be available to determine the appropriate bid.  Thoroughly looking farther in to the property can maximize your chances of getting a good bargain. 

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Virginia Beach Homes For Sale:

3076 Damascus Trail, Virginia Beach VA 23453
MLS# 0922178

Come see and you’ll be glad you did! This master bedroom is a dream. Not enough closet space? Tired of moving your clothes from one room to another? Well you are going to fall in love with this master bedroom. Besides the walk-in closet there are two, yes I said two, more closets; plenty of space for all those shoes and everything else too! Besides the generous closets, this master suite offers a jetted tub with a separate shower and a double bowl vanity.

The kitchen has plenty of cabinets and counter space plus a pantry. Enjoy informal dinners in the eat in kitchen while looking out the windows onto the fenced back yard. The open concept of this kitchen allows the cook to be a part of the crowd. The fireplace sets the stage for a cozy night at home.

For more formal times, this house boasts a nice sized dining room and living room too.

If outside activity is important to you then this fenced back yard is waiting. Plenty of space for all your outside activities and a shed for storing all your toys!

Learn more about Virginia Beach homes for sale and 3076 Damascus Trail at ButlerTeamHomes.com.

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March 2007 sales statistics shows it takes an average of 80 days to sell Virginia Beach homes. It is possible that some will sell in just a few days and some may take several months. There are six factors that influence the time it takes to sell Virginia Beach homes. Lets examine them.

1. Product 
The product, of course, is the property. If the property shows poorly, or has major defects which cannot be or are not corrected, a sale may not take place until the defects are corrected or until the price is adjusted to compensate for them.

Currently, Virginia Beach is experiencing a strong Buyers market and Buyers don’t want to buy a home that needs repair. They want a home in tip-top condition and all they have to do is move right in. so, I highly recommend taking care of any defects BEFORE putting the ˜For Sale’ sign in the yard.

2. Price
If the home has not sold after a reasonable length of time, but other similar properties have sold, then a price adjustment may be in order. If this is true and the price is not reduced, the price may delay or prevent the sale. The appraisal will be based on the most recent sales in the area and the property must appraise no lower than the sales price for the buyer to get his financing.

Virginia Beach sales prices are fluctuating and have even gone down in many neighborhoods. Lengthy market times caused by too high a price, can cost you money in the long run and mean less money in your pocket.

Read: South Hampton Roads Real Estate Area Market Report-Virginia Beach Statistics

3. Financing
If the financing costs too much, or if the Seller requires a higher down payment than most people buying in that area are paying, then the financing may delay or prevent the sale.

Today’s interest rates are near historic lows, but money is tight and lenders are requiring borrowers to have higher down payments than a few years ago. Virginia Beach home sellers are needing to offer to pay some of the buyers closing costs to be competitive.

4. Timing
The timing is the condition of the real estate market at the time of the sale. It may be a Sellers market or a Buyers market. Neither the seller nor the real estate agent can change the condition of the market at the time the property is for sale. It must be accepted for what it is.

Your real estate professional has not control over the market, but it is his job to educate you to what is going on in the market so you can make wise selling decisions when selling your Virginia Beach home.

5. Competition
Every Buyer makes decisions about which home to buy and how much it is worth by other choices available at the time of purchase. The supply of other homes the Buyer will compare with your home is constantly changing from week to week and month to month. The current competition always affects the Buyers opinion of your home and what they will think it is worth. So the question is, what will be the Buyers other choices at the time they are shown your property?

Your real estate professional will provide you with a Competitive Market Analysis (CMA), comparing your Virginia Beach home to other homes in your neighborhood that are currently on the market or have sold recently, so you can see what the competition is.

6. Marketing
The Butler Team’s promotion is unique. However, even the very best promotion has its limitations because promotion cannot overcome any of the first five factors if they are out of balance and are not corrected.

Also read: Selling Your Virginia Beach Home: Add Curb Appeal

If you would like more information on how you can sell your Virginia Beach home for the highest price in the least amount of time, visit our website, ButlerTeamHomes.com. Also, get the current market value of your Virginia Beach home and view all Virginia Beach homes for sale.

The average market time for Virginia Beach homes is 78 days. If a home has been on the market for awhile and hasn’t sold, the first thing many agents think is, the home is over priced, but this is not always the case. In today’s competitive buyers market, condition may be the problem. Buyers are not as willing to accept a home that is not in tip-top condition, as they were a few years ago. The reason a home does not show well may have nothing to do with its appearance, but rather the impact it has upon a buyer’s sense of smell.

Below are tips to ensure Virginia Beach homes sell for top dollar by passing the “odor test”:

• Try sprinkling a bit of baby powder on the pillow covers before putting the case back on.
• For persistent smells, try lemon oil or spray on the carpet, curtains, sofas, and even mattresses.
• Use a waterlogged sponge for bad kitchen odors such as those created from fried foods. On a plate, place a big sponge (natural or loofah) in very hot water. The vapor will replace the molecules responsible for the annoyance. Repeat as necessary.
• Place a few cubes of charcoal in a container and put the container in the closet. It removes that damp, musty smell. Blackboard chalk will work, too.
• Before throwing away orange or lemon rinds, toss them into a pot of simmering water on the stove to make the kitchen smell inviting and lift the cook’s spirits. Combining them with cloves or cinnamon sticks is also very pleasing.
• Use all of those candle stubs after burning the bulk of the candle. Melt the stub in an old pan over water (like a double broiler). Pour the melted wax over pinecones and use as fragrant fire starters.
• To remove cigarette odors, put a saucer of white vinegar in the room. When the vinegar evaporates, the smell will be gone.
• Sprinkle a few lavender bath beads into water waste receptacles in the bathroom and kitchen. The scent is more subtle than that of “air fresheners”, but still quite pleasant.
• Put a dab of vanilla on the tops of your light bulbs. Your home will smell delightful without agitating allergies with potpourri.
• Rose water, when put in a steam iron, gives your linens a fantastic, fresh scent – just like they hung outside next to a rose bush.

Interested in the current market value of your Virginia Beach home? Visit HRPropertyValue.com. Your home valuation will be emailed to you. Also stop by, ButlerTeamHomes.com for Virginia Beach VA real estate information and homes for sale.

Virginia Beach home sales in January followed the national trend.

Existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 0.4 percent to a seasonally adjusted annual rate(1) of 4.89 million units in January from an upwardly revised level of 4.91 million in December, and are 23.4 percent below the 6.44 million-unit pace in January 2007, according to the Natonal Association of Realtors®.

Virginia Beach home sales in January followed the national trend with a 9% drop in sales compared to January 2007.

See Virginia Beach real estate sales statistics.

Interested in buying or selling Virginia Beach real estate? Visit ButlerTeamHomes.com or give us a call for more personal service, 866-222-0158 #550.