Congrats to Team Monster Energy / AgentFaircloth

softball teamCongrats to the Monster Energy / AgentFaircloth Softball Team! GREAT JOB!

 

Hampton Roads Housing Has Strong First Quarter (2013)

The First Quarter of 2013 Ended Strong

Strong First Quarter

Strong First Quarter

March 2013 posted nearly a double digit percentage increase in residential settled sales when compared to 2012. Residential under contracts increased significantly while active listings continued to decline, lowering the months’ supply of inventory.

Settled sales saw an increase of 8.53% for March 2013 when compared to last year.  Settled sales are up 10.71% for the first quarter of 2013 (January-March) when compared to first quarter 2012. The median sales price is currently $199,000, a considerable increase of 7.57% from March 2012’s $185,000. Last month’s strongest statistical improvement was in residential under contract sales, an increase of 12.84%. Potential settled sales may result from this steady increase in residential under contracts.

Active listings for March experienced a drop of 8.62% compared to the same time last year.  The overall decrease in the number of homes for sale has resulted in a 6.38 months’ supply of inventory for the region, as compared to 7.57 months in March 2012. A healthy real estate market typically maintains a 6 months’ supply of inventory, so this statistic does suggest a stabilizing market for the area.

Inventory by City:

  • Virginia Beach -4.61  Months’ Supply of Inventory
  • Chesapeake -5.29  Months’ Supply of Inventory
  • Norfolk -6.76  Months’ Supply of Inventory
  • Portsmouth -8.63  Months’ Supply of Inventory
  • Suffolk -7.36  Months’ Supply of Inventory

Distressed properties (short sales or foreclosures), continue to have an impact on the region, while maintaining a relatively consistent marketshare. In March 2013 25.20% of all resale residential active listings in the Hampton Roads real estate market were distressed properties.

(Note: Source of information REIN – Real Estate Information Network)

NOW HIRING: Hostess

hiringNOW HIRING:     Hostess to assist agents with new home site and open houses.

The position is a part time position located in the Greenbrier area of Chesapeake and will be between six and nine days a month with hours from 12 noon to 5:00PM. Professional attire, team player and dependability are a must. The perfect candidate would have a positive attitude and be out going and friendly to all guests. Pay is $10/hr., start the week of May 20th.

 

Send resumes to: AgentFaircloth@gmail.com

Is your site agent showing your prospects the door? Builders Beware…

Is your site agent really looking out for their builder, or themselves?

Is your agent showing your prospects the door?

Is your agent showing your prospects the door?

Okay, I’ve just got to rant a bit and get this off my chest. I’d like to hear from some of the local builders in town to get their prospective. Perhaps I’m just totally off base here.

So here’s the scenario:

A builder has a new homes site, where prospects sign in and register as they come through to view the homes. I feel strongly that the site agent represents that builder and that new home site’s interests as their client. I would not dare attempt to take prospective buyers from my client’s site to the competition site in order to make a sale and pad my pocket. I guess I’m naive, as I would not want an agent, oh let me correct that “REALTOR” representing me that would take my sites prospect to a competing neighborhood. Apparently, there are those who do this.

Do you builders take issue with this practice? I would love to hear from you.

SOLD IN GREYSTONE- 508 Brentwood Arch, Chesapeake, VA

Another home sold in GREYSTONE!

Another home sold in GREYSTONE!

I’ve been working with this wonderful couple for some time now trying to find the home that suits them both. I have  to say it’s so rewarding to hear them say how pleased they are. Buying a home, especially relocating to a new area can be the most stressful event in ones life. It’s like an adventure where the car speeds, then slows, hitting bumps,  dips and curves, but at the end of the trip, you’ve both learned a lot about the other and consider other  friends or extended family.

How blessed am I to do what I do and truly love it!

Congratulations to my clients and friends! Welcome to Virginia!

Chic’s Beach Condo For Sale – 4822 Bay Landing Drive

Chic’s Beach Condo for sale – 4822 Bay Landing Drive

Bay Landing Dr 114 (Chris Faircloth's conflicted copy 2013-05-16)Welcome to Chic’s Beach, life at the beach is like vacation year round. This 2 bedroom, 2 bath Bay Lake Condominium is stunning! Priceless views of Lake Pleasure House and the Chesapeake Bay from the large third floor deck which allows for access from both bedrooms and the family room. Custom kitchen cabinets with large breakfast bar, high end granite counter tops and stainless steel appliances will impress your buyer!  Both bathrooms have been tastefully renovated.  This great unit is just steps from the beach , we are selling “the beach life” here so dig your toes in the sand and stay!

Listing Price: 218000
Address: 4822 Bay Landing Drive
City: Virginia Beach
State: VA
ZIP: 23455
Location: Bay Lake Condominiums
School District: Cox
Age: 1987
Monthly Rent: N/A
Square Feet: 1204
Bedrooms: 2
Bathrooms: 2
Type: Condo
Style Contemporary
Parking: ASSIGNED RESERVED
MLS # (if any):

 

 

 

 

 

 

 

Location Map








FOR SALE – 4312 Thomas Lane, Chesapeake, VA

4.10.13 007FOR SALE – 4312 THOMAS LANE, CHESAPEAKE, VA – Great end unit town home recently renovated to include new paint, new flooring, new fireplace, newer roof, newer HVAC perfect for a first time buyer. Large fenced back yard with shed. NOT A SHORT SALE!

 

 

 

 

 

 

 

 

Listing Price: 138000
Address: 4312 Thomas Lane
City: Chesapeake
State: VA
ZIP: 23321
Location: Silverwood
School District: Western Branch
Age: 1986
Monthly Rent: n/a
Square Feet: 1364
Bedrooms: 2
Bathrooms: 2.5
Type: Townhome
Style Transitional
Parking: 2 Driveway spaces
MLS # (if any): 1314699

Chesapeake City Public Schools School District Schools in Chesapeake, VA

46 Chesapeake City Public Schools School District Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Chesapeake Center for Sci. &Technical
Phone: (757) 547-0134
1617 Cedar Rd, Chesapeake, VA 23322
Voc/Tech 9-12 0 0
B. M. Williams Primary Elementary School
Phone: (757) 547-0238
1100 Battlefield Blvd North, Chesapeake, VA 23320
Public PK-2 848 26
Butts Road Int. Elementary School
Phone: (757) 482-4566
1571 Mt Pleasant Rd, Chesapeake, VA 23322
Public 3-5 706 22
Butts Road Primary Elementary School
Phone: (757) 482-5820
1000 Mt Pleasant Rd, Chesapeake, VA 23322
Public PK-2 683 25
Camelot Elementary School
Phone: (757) 558-5347
2901 Guenevere Dr, Chesapeake, VA 23323
Public PK-5 613 21
Cedar Road Elementary School
Phone: (757) 547-0166
1605 Cedar Rd, Chesapeake, VA 23322
Public PK-5 847 23
Crestwood Intermediate School
Phone: (757) 494-7565
1240 Great Bridge Blvd, Chesapeake, VA 23320
Public 3-5 775 21
Deep Creek Central Elementary School
Phone: (757) 558-5356
2448 Shipyard Rd, Chesapeake, VA 23323
Public PK-5 543 21
Deep Creek Elementary School
Phone: (757) 558-5333
2809 Forehand Dr, Chesapeake, VA 23323
Public PK-5 687 20
Edwin W. Chittum Elementary School
Phone: (757) 465-6300
2008 Dock Landing Rd, Chesapeake, VA 23321
Public PK-5 717 21
G. A. Treakle Elementary School
Phone: (757) 558-5361
2500 Gilmerton Rd, Chesapeake, VA 23323
Public PK-5 507 19
George W. Carver Int. Elementary School
Phone: (757) 494-7505
2601 Broad St, Chesapeake, VA 23324
Public PK-5 566 21
Georgetown Primary Elementary School
Phone: (757) 578-7060
436 Providence Rd, Chesapeake, VA 23325
Public PK-3 811 20
Grassfield Elementary School
Phone: (757) 558-8923
2248 Averill Dr, Chesapeake, VA 23323
Public PK-5 888 23
Great Bridge Int. Elementary School
Phone: (757) 482-4405
253 West Hanbury Rd, Chesapeake, VA 23322
Public 3-5 574 21
Great Bridge Primary Elementary School
Phone: (757) 547-1135
408 Cedar Rd, Chesapeake, VA 23322
Public PK-2 566 26
Greenbrier Int. Elementary School
Phone: (757) 578-7080
1701 River Birch Run North, Chesapeake, VA 23320
Public 3-5 640 23
Greenbrier Primary Elementary School
Phone: (757) 436-3428
1551 Eden Way South, Chesapeake, VA 23320
Public PK-2 632 25
Hickory Elementary School
Phone: (757) 421-7080
109 Benefit Rd, Chesapeake, VA 23322
Public PK-5 419 21
Norfolk Highlands Primary Elementary School
Phone: (757) 578-7092
1115 Myrtle Ave, Chesapeake, VA 23325
Public PK-3 333 22
Portlock Primary Elementary School
Phone: (757) 494-7555
1857 Varsity Dr, Chesapeake, VA 23324
Public PK-2 558 19
Rena B. Wright Primary Elementary School
Phone: (757) 494-7585
600 Park Ave, Chesapeake, VA 23324
Public PK-2 316 16
Southeastern Elementary School
Phone: (757) 421-7676
1853 Battlefield Blvd South, Chesapeake, VA 23322
Public PK-5 740 23
Southwestern Elementary School
Phone: (757) 465-6310
4410 Airline Blvd, Chesapeake, VA 23321
Public PK-5 606 20
Sparrow Road Intermediate School
Phone: (757) 578-7050
1605 Sparrow Rd, Chesapeake, VA 23325
Public 4-5 473 18
Thurgood Marshall Elementary School
Phone: (757) 494-7515
2706 Border Rd, Chesapeake, VA 23324
Public PK-5 544 18
Truitt Intermediate School
Phone: (757) 494-8014
1100 Holly Ave, Chesapeake, VA 23324
Public 3-5 287 17
Western Branch Int. Elementary School
Phone: (757) 638-7941
4013 Terry Dr, Chesapeake, VA 23321
Public 3-5 781 22
Western Branch Primary Elementary School
Phone: (757) 638-7951
4122 Terry Dr, Chesapeake, VA 23321
Public PK-2 664 24
Deep Creek High School
Phone: (757) 558-5302
2900 Margaret Booker Dr, Chesapeake, VA 23323
Public 9-12 1316 16
Grassfield High School
Phone: (757) 558-4749
2007 Grizzly Trail, Chesapeake, VA 23323
Public 9-12 2106 18
Great Bridge High School
Phone: (757) 482-5191
301 West Hanbury Rd, Chesapeake, VA 23322
Public 9-12 1673 19
Hickory High School
Phone: (757) 421-4295
1996 Hawk Blvd, Chesapeake, VA 23322
Public 9-12 1922 19
Indian River High School
Phone: (757) 578-7000
1969 Braves Trail, Chesapeake, VA 23325
Public 9-12 1721 17
Oscar F. Smith High School
Phone: (757) 548-0696
1994 Tiger Dr, Chesapeake, VA 23320
Public 9-12 2177 18
Western Branch High School
Phone: (757) 638-7900
1968 Bruin Place, Chesapeake, VA 23321
Public 9-12 2231 19
Crestwood Middle School
Phone: (757) 494-7560
1420 Great Bridge Blvd, Chesapeake, VA 23320
Public 6-8 601 16
Deep Creek Middle School
Phone: (757) 558-5321
1955 Deal Dr, Chesapeake, VA 23323
Public 6-8 470 14
Great Bridge Middle School
Phone: (757) 482-5128
441 Battlefield Blvd South, Chesapeake, VA 23322
Public 6-8 1171 18
Greenbrier Middle School
Phone: (757) 548-5309
1016 Greenbrier Parkway, Chesapeake, VA 23320
Public 6-8 906 18
Hickory Middle School
Phone: (757) 421-0468
1997 Hawk Blvd, Chesapeake, VA 23322
Public 6-8 1713 20
Hugo A. Owens Middle School
Phone: (757) 558-5382
1997 Horseback Run, Chesapeake, VA 23323
Public 6-8 1082 20
Indian River Middle School
Phone: (757) 578-7030
2300 Old Greenbrier Rd, Chesapeake, VA 23325
Public 6-8 761 15
Jolliff Middle School
Phone: (757) 465-5246
1021 Jolliff Rd, Chesapeake, VA 23321
Public 6-8 716 19
Oscar Smith Middle School
Phone: (757) 494-7590
2500 Rodgers St, Chesapeake, VA 23324
Public 6-8 966 14
Western Branch Middle School
Phone: (757) 638-7920
4201 Hawksley Dr, Chesapeake, VA 23321
Public 6-8 892 20

VA Private Schools Schools in Chesapeake, VA

29 VA Private Schools Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Mt Pleasant Christian School
Phone: (757) 482-9557
1613 Mt Pleasant Rd, Chesapeake, VA 23322
Private K-8 91 9
Great Hope Baptist School
Phone: (757) 482-5121
Po Box 15106, Chesapeake, VA 23328
Private PK,K-12 96 8
Tidewater Adventist Academy
Phone: (757) 479-0002
1136 Centerville Tpke N, Chesapeake, VA 23320
Private PK,K-10 56 10
Cornerstone Christian School
Phone: (757) 424-7230
1212 Willow Ave, Chesapeake, VA 23325
Private PK,K-6 76 9
Stone Bridge School
Phone: (757) 488-7586
Po Box 9247, Chesapeake, VA 23321
Private PK,K-12 276 9
A World Of Children
Phone: (757) 436-6967
752 Cedar Rd, Chesapeake, VA 23322
Private, Alternative PK,K-1 21 11
Atlantic Shores Christian School
Phone: (757) 479-9598
1217 Centerville Turnpike N, Chesapeake, VA 23320 www.shoreschristian.org
Private PK, K-12 839 12
Greenbrier Montessori School
Phone: (757) 549-8584
1100 Greenbrier Pkwy, Chesapeake, VA 23320
Private, Montessori PK,K-6 33 8
Apple Tree Learning Center
Phone: (757) 547-9530
601 Volvo Pkwy, Chesapeake, VA 23320
Private, Early Childhood Program/Day Care Center PK,K 10 10
Mount Lebanon Christian Academy
Phone: (757) 547-9550
884 Bells Mill Rd, Chesapeake, VA 23322 www.mt-lebanon.org/
Private PK,K-3 36 6
Great Bridge Presbyterian Preschool
Phone: (757) 549-4303
333 Cedar Rd, Chesapeake, VA 23322
Private, Early Childhood Program/Day Care Center PK,K 15 15
Greenbrier Christian Academy
Phone: (757) 547-9595
311 Kempsville Rd, Chesapeake, VA 23320
Private PK,K-12 541 11
Cedar Road Christian Academy
Phone: (757) 547-9553
916 Cedar Rd, Chesapeake, VA 23322
Private PK,K-5 86 11
Cathedral Of Faith Christian School
Phone: (757) 545-8050
2020 Portlock Rd, Chesapeake, VA 23324
Private PK,K-2 22 6
Basics Primary School & Daycare
Phone: (757) 424-0994
1509 River Birch Run N, Chesapeake, VA 23320
Private, Early Childhood Program/Day Care Center PK,K 12 12
Greenbrier Enrichment Center & School
Phone: (757) 548-9280
825 Greenbrier Pkwy, Chesapeake, VA 23320
Private PK,K-5 64 10
Greenbrier Manor School
Phone: (757) 548-9292
700 Warrington Sq, Chesapeake, VA 23320
Private, Early Childhood Program/Day Care Center PK,K 40 13
Icw Baptist Church School
Phone: (757) 547-3552
1200 Kempsville Rd, Chesapeake, VA 23320
Private K-12 54 6
Providence Christian School
Phone: (757) 523-6480
501 Providence Rd, Chesapeake, VA 23325
Private PK,K-6 74 4
Great Bridge Preschool
Phone: (757) 482-9788
201 Stadium Dr, Chesapeake, VA 23322
Private, Early Childhood Program/Day Care Center PK,K 20 10
Montessori Academy Of Virginia
Phone: (757) 436-3995
1468 Kempsville Rd, Chesapeake, VA 23320
Private, Montessori PK,K-3 36 5
Faith Diamond Christian Academy
Phone: (757) 487-1800
1023 Deep Creek Blvd, Chesapeake, VA 23323
Private PK,K-7 64 6
Fairview Baptist Christian Academy
Phone: (757) 543-3238
1204 Tatemstown Rd, Chesapeake, VA 23325
Private K-11 13 4
Chesapeake Montessori School
Phone: (757) 547-7673
516 Albemarle Dr Ste C, Chesapeake, VA 23322
Private, Montessori PK,K-5 64 4
Chesapeake Christian Academy
Phone: (757) 420-9504
Po Box 13457, Chesapeake, VA 23325
Private, Early Childhood Program/Day Care Center PK,K 7 5
Veritas Christian Academy
Phone: (757) 410-5095
700 Oak Grove Rd, Chesapeake, VA 23320
Private K-12 142 7
Deep Creek Country Day School
Phone:
718 Shell Rd, Chesapeake, VA 23323
Private, Early Childhood Program/Day Care Center PK,K 15 15
New Galilee Early Childhood Development Center
Phone:
1013 Great Bridge Blvd, Chesapeake, VA 23320
Private, Alternative PK,K-1 31 5
The Goddard School (chesapeake)
Phone:
300 Cedar Ln, Chesapeake, VA 23322
Private, Early Childhood Program/Day Care Center PK,K 16 8

Doe Sop Education Programs School District Schools in Chesapeake, VA

1 Doe Sop Education Programs School District Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Tidewater Juvenile Detention Home School
Phone: (757) 382-6788
420 Albemarle Dr, Chesapeake, VA 23322
Alt. K-12 0 0

Department of Correctional Education School District Schools in Chesapeake, VA

3 Department of Correctional Education School District Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Indian Creek Corr Center
Phone: (757) 421-0095
801 Sanderson Rd, Chesapeake, VA 23327
Alt. 0 0
St Brides Corr Center
Phone: (757) 421-7141
701 Sanderson Rd, Chesapeake, VA 23327
Alt. 0 0
Tidewater Women's Det Center
Phone: (757) 549-0012
201 Greenbrier Rd, Chesapeake, VA 23320
Alt. 0 0

Southeastern Coop ED PGM School District Schools in Chesapeake, VA

1 Southeastern Coop ED PGM School District Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Chesapeake RE-Education
Phone: (757) 485-4735
140 North Geo. Washington Hwy, Chesapeake, VA 23323
Sp-Ed 0 0

S.East VA TRN CT School District Schools in Chesapeake, VA

1 S.East VA TRN CT School District Schools found in the area.

School Type Grade Level Enrollment Students per Teacher
Southeastern VA TR Center EP
Phone:
2100 Steppingstone Square, Chesapeake, VA 23320
Sp-Ed PK-12 0 0

Location Map








 

 

 

 

 

 

 

 

Listing Price: 138000
Address: 4312 Thomas Lane
City: Chesapeake
State: VA
ZIP: 23321
Location: Silverwood
School District: Western Branch
Age: 1986
Monthly Rent: n/a
Square Feet: 1364
Bedrooms: 2
Bathrooms: 2.5
Type: Townhome
Style Transitional
Parking: 2 Driveway spaces
MLS # (if any): 1314699

 

 

 

 

JUST LISTED – 1236 Monarch Reach, Chesapeake, VA

Now FOR SALE

Now FOR SALE

JUST LISTED – 1236 Monarch Reach, Chesapeake, VA. Welcome home to this stunning brick front home with great beautiful curb appeal. Tons of parking space including a  large concrete pad just inside the privacy fence. The beautiful backyard offers a deck and screened in porch which makes for a great space for entertaining.
Home boasts a formal living room, dining room, spacious family room which opens to a beautiful eat-in-kitchen. The kitchen offers an abundance counter space in  addition to a center island. The cherry cabinets are truly stunning. On the 2nd floor you’ll find the bedrooms include a large master suite with sitting area.  Ladies just wait till you see this closet “your closet” and you don’t even have to share and there is an additional “his” closet. Bright and sunny master bath offers a jetted tub, separate shower and dual sinks.

Listing Price: 349900
Address: 1236 Monarch Reach
City: Chesapeake
State: VA
ZIP: 23320
Location: Dominion Lakes
School District: GREAT BRIDGE HIGH SCHOOL
Age: 2003
Monthly Rent:
Square Feet: 3234
Bedrooms: 4
Bathrooms: 2.5
Type: Single Family
Style Transitional
Parking: 2 car attached garage
MLS # (if any):

 

 

 

 

 

 

 

For Sale – 1236 Monarch Reach

 

Stunning home for sale in Dominion Lakes Community

 

FOR RENT: 3102 Tidal Bay Lane, Virginia Beach, VA 23451

3102 Tidal Bay Lane

3102 Tidal Bay Lane

FOR SALE: 3102 Tidal Bay Lane, Virginia Beach, VA 23451 – Looking for a beach retreat or an investment property? This unit is a block off the beach, just steps to the sand! The sunsets here are breathtaking. Amazing value for the location at Inlet Colony Condos on the first floor.  This condo boasts  two bedrooms and two full baths. Call or text 757-513-4358 ASAP. This one won’t last!  Summers on Shore Drive are like living on vacation. The life style here is relaxed and casual. Often during the summer months many residents are out walking and riding bikes. With restaurants, shopping, boating and parks this area is considered a desireable area.

If you or someone you know is looking for a great condo to rent on  Shore Drive area, we can help! check out… FOR SALE: 3102 Tidal Bay Lane, Virginia Beach, VA 23451

Listing Price:
Address: 3102 Tidal Bay Lane
City: Virginia Beach
State: VA
ZIP: 23451
Location: Inlet Colony Condos on Shore Drive
School District: Cox
Age: 1987
Monthly Rent:
Square Feet:
Bedrooms: 2
Bathrooms: 2
Type: CONDO
Style Apartment
Parking: ASSIGNED RESERVED
MLS # (if any): 1312632

 

Is Hampton Roads Housing market stabilizing?

Housing Market begins to Stabilize

Housing Market begins to Stabilize

The Hampton Roads real estate market appears to be stabilizing. Sales and under contracts showed positive trends in February, while the number of residential active listings for sale has continued to drop lowering the month’s supply of inventory. Distressed homes continue to impact the region’s real estate market.

The number of homes for sale in February 2013 was down 8.83% when compared to last year, dropping the areas month’s supply of inventory to 6.34 months. Last year at this same time the inventory was 7.46 month’s supply.

February saw a spike in residential under contracts. When compared to last February under contracts were up 17.63%. February 2013 also experienced an increase in new construction under contracts as they increased 13.26% from February of last year. The region’s market will see boosts in settled sales over the next coming months when these contracts convert to settled sales.

Settled sales increased by 4.63% from February of last year. Hampton Roads residential median sales price is $189,000, up 2.22% from February 2012’s $184,900. The new construction segment of the market followed suit and experienced an 8.70% increase in settled sales when compared to February 2012.

Distressed Homes, those that are either short sales or foreclosures, continue to show relevance in the region’s real estate market. Distressed homes accounted for 26.37% of the active listings for sale in February. They have accounted for as little as 23.61% (September 2011) and as much as 28.05% (December 2012) of residential active listings over the past 18 months. Distressed homes accounted for 34.20% of residential homes sold in February 2013.

Information included herein provided by REIN (Real Estate Information Network)

January 2013 – Housing Statistics Look Optimistic

Optimistic Housing Trends

Optimistic Housing Trends

2013 real estate market in Hampton Roads is off to an optimistic start.

The number of homes for sale dropped when compared to January 2012, resulting in a lower month’s supply of inventory. Residential sales and under contracts both experienced double digit increases.

The number of homes for sale in January 2013 was down 10.75% compared to the same time last year. Chesapeake and Virginia Beach experieced the largest year-over-year declines in active listings at 19.01% and 16.87% respectively. The drop in active listings has resulted in a low 6.18 months’ supply inventory which is down 17.6% from January 2012 when it was 7.5 months.

Residential under contracts for January 2014 reflected an increase of 14.14% when compared to January 2012.

Settled sales figures also delivered good news for Hampton Roads. January 2013’s settled sales increased 20.66% when compared to January 2012. The median residential sales price is currently $193,000, a 10.63% increase from $174,450 in January 2012.

Distressed homes accounted for 34.88% of settled sales in January 2013. This is the highest percentage since February 2012 when distressed homes accounted for 36.39% of settled sales. As for distressed homes for sale, 27% of the listings in January 2013 were distressed properties. This percentage has fluctuated between 22% and 28% over the last 18 months. There appears to be an upward trend in both active and sold distressed residential properties starting in August 2012.

We’re off to an optimistic start for 2013′s housing market in Hampton Roads!

Want to know what your home would sell or rent for? We can help! Contact me today!

 

Information provided herein a courtesy of REIN (Real Estate Information Network)

What do I like about New Construction?

JUST LISTED-1005 Turning Leaf Lane in Sommerton

JUST LISTED - 1005 TURNING LEAF LANE

JUST LISTED – 1005 TURNING LEAF LANE

Just Listed – 1005 Turning Leaf Lane in Sommerton 55+ Active Adult Community. Exquisite Rose Leigh interior brick front model is listed WAY BELOW MARKET!! What and incredible deal for someone! This spotless home boasts upgrades galore. Owner selected a $12,000 kitchen cabinetry package with a custom french hood, cabinetry crown molding, light rail, up lighting, task lighting, decorative finish work, dove tailed drawers, with soft close feature, granite tops, professional series stainless steel appliance package. Upgraded cabinetry throughout the house including technology center. Hardwood floors throughout the downstairs, surround sound pre-wire in family room. This unit lives big with ten foot ceilings downstairs and nine foot ceilings upstairs. Ornate two piece crown molding throughout the down stairs. A sweet master retreat with a spacious master bedroom, HUGE master closet with his and hers sides! Lavish master bath boasts his and her vanities, knee space, over sized soaking tub, separate tile shower & water closet.  Slate tile patio just off breakfast area gated for privacy and with service door leading to garage. Finished room over garage could easily be a media room/office or 4th bedroom. Two car rear loading garage with carriage house doors and tall door with garage door opener. Dual zone heating and cooling. The unit was framed with an elevator shaft so that the seller could easily add an elevator at a later date. Should you or your buyer want an elevator installed the seller is willing to have one installed at cost, by adding $25,000 which would adjust the list price to $350,000 STILL WAY BELOW MARKET!!

Listing Price: 325000
Address: 1005 Turning Leaf Lane
City: Chesapeake
State: VA
ZIP: 23320
Location:
School District: Indian River
Age: 2007
Monthly Rent:
Square Feet: 2524
Bedrooms: 3+
Bathrooms: 2.5
Type: Condo
Style Transitional
Parking: 2 car attached garage
MLS # (if any): 1305243

Location Map








@AgentFaircloth TOP 99 REALTORS ON TWITTER

Agent_Faircloth_Jan2013-300x250The top 99 real estate agents on Twitter in America were chosen based on the amount of followers, quality of tweets, klout and regional influence. Please click on the infographic to see a larger version.

Check us out!

http://activerain.com/blogsview/3610212/the-top-99-realtors-on-twitter

Don’t Ever Give Up!

2012 A great year for Hampton Roads real estate

2012 Housing Review

2012 Housing Review

2012 A great year for Hampton Roads real estate. Hampton Roads real estate market ended the year with encouraging stats that indicate 2012 was a year of strengthening and recovery. The inventory levels are the lowest since 2005, pending and settled sales posted healthy increases, and the median sales price is slowly moving up. Highlights for last month were positive even though December is typically one of the slowest months for activity. The number of active listings (including new construction) for sale in December 2012 is down 13.36% when compared to December of 2011. This brings our regional inventory down to a 5.91 month’s supply of homes. Six months is considered a normal real estate market.

Pending sales/under contract listings were up 8.55% from last year.

Closed sales declined 5.03% in December 2012 when compared to the same month last year. A dip in settled sales is not uncommon for the month of December, due to the holiday season.  The median sales price for all residential homes sold in December 2012 was $200,000, up 1.27% from $197,500 in December 2011.

In all of 2012, 20,174 listings went under contract, up 9.27% from 2011. There were 19,518 residential settled sales throughout all of 2012, up 7.35% from the 2011.  In 2012, new construction closings (2,663 units) were up 12.65% from 2,364 units in 2011.

If you or someone you know would like to know the value of your home in today’s market or you are considering a home purchase, contact Chris today! All figures contained in this post are a courtesy of REIN (Real Estate Information Network).

Don’t limit your potential

SOLD – 1068 CRANBERRY DRIVE

Lot 73 - SOLD

Lot 73 – SOLD

Yep, we just sold 1068 Cranberry Drive in the Sommerton Community located in the Greenbrier area of Chesapeake, VA.

We at Sommerton have made every effort to create a community providing the highest quality homes available in the Hampton Roads Housing Market.

We believe that a home built with the highest standard on a foundation of integrity will not only hold its value over time but will increase in value. We have recruited highly qualified subcontractors and material suppliers that reflect pride in their work in every home.

We have an on-site design center that will make your home construction a pleasurable experience. In our design center, you may select from numerous floor plans to meet your needs, there is a home for everyone. Home buyers will select granite style, paint colors, floor types and many other features that will make the home unique to you.

To make the buying experience as smooth as possible, Stephen Alexander Homes & Neighborhoods has an exclusive on-site Realtor, Mortgage company and Closing Attorney to provide personal service to each client. Sommerton is devoted to get each new home buyer closer to what maters most- BEING HOME. Come out and see us, we have others available, but this one is under Contract:  1020 Briars Landing in Chesapeake, VA

SOLD FOR MORE THAN LIST PRICE – 317 Cedar Lane

317 cedar ln 052

 

 

 

 

 

 

 

 

 

 

 

 

 

Sold for more than list price – 317 Cedar Lane, in Chesapeake, VA. This home was truly spotless. It’s refreshing to sell a home where the owner has taken such time to ensure the main systems and components were maintained properly. In heart of Great Bridge.  This home is a WONDERFUL find it’s new home owner. At 2,405 square feet of living space this home offers 4 bedrooms including a finished room over the garage (FROG) and 3 full baths, a formal living room, formal dining room, a large family room and comfortable eat in kitchen. The garage is without a doubt the cleanest garage I have ever seen bar none. Updates include: double pane energy efficient windows, exterior wrapped in maintenance free vinyl, leaf guard gutters, two stage gas furnace (02), HVAC (02), 30 Yr. Architectural roof (06),Hot water heater (09), 7 zone irregation system, 10 x 20 workshop with 220V & window ac & phone, 10′ x 33′ deck perfect for entertaining, Kenmore elite glass top range, microwave.

If you are considering selling or buying a home, our team can help. We sold this home in record time after it was listed by another firm for years. We can help you move too!

FOR SALE: 1020 Briars Landing

1908 Grey Friars Chase 005

 

 

 

 

 

 

 

 

 

 

 

 

 

FOR SALE:  1020 Briars Landing in Chesapeake, VA.

We at Sommerton have made every effort to create a community providing the highest quality homes available in the Hampton Roads Housing Market.

We believe that a home built with the highest standard on a foundation of integrity will not only hold its value over time but will increase in value. We have recruited highly qualified subcontractors and material suppliers that reflect pride in their work in every home.

We have an on-site design center that will make your home construction a pleasurable experience. In our design center, you may select from numerous floor plans to meet your needs, there is a home for everyone. Home buyers will select granite style, paint colors, floor types and many other features that will make the home unique to you.

To make the buying experience as smooth as possible, Stephen Alexander Homes & Neighborhoods has an exclusive on-site Realtor, Mortgage company and Closing Attorney to provide personal service to each client. Sommerton is devoted to get each new home buyer closer to what maters most- BEING HOME. Come out and see us, we have others available, but this one still available for sale too:  1020 Briars Landing in Chesapeake, VA

Buying? What in the world is a BMA?

“Color My Room” without the first brush stroke

I don’t know about you, but I struggle when picking out paint colors for my home. I can’t tell you how many times I’ve bought paint, brought it home excited about my “new look” only to find out after a few brush strokes that I HATE the color. Well this cool online paint tool launched by My Colortopia allows people like me to upload a photo of my room, designate the painted areas, then I can have fun trying out new Glidden paint colors without the first brush stroke.

Color My Room

Color My Room

You can even upload a picture of something you like (a piece of art, furniture, fabric). The site will also give you a selection of color palettes (one main color and two coordinating you can use for trim or accents) then browse through, save, print, share and paint!

This is right up my alley, check it out!

 

SOLD: Inlet Colony Condos – 3106 Tidal Bay Lane

Inlet Colony Condos - 3106 Tidal Bay Lane

Inlet Colony Condos – 3106 Tidal Bay Lane

SOLD: Inlet Colony Condos – 3106 Tidal Bay Lane went under contract within hours of list! If you’re looking for results, our team that prides themselves on knowing the shore drive corridor and bay front properties. We live her so we can help you buy or sell quickly! Contact me about what’s for sale in Inlet Colony or Shore DriveLooking for “shore drive condos“?

So what’s life like at the Bay?

 

You can be SOLD at Inlet Colony Condos  on Tidal Bay Lane too, just call me 757-288-0983 or email me at AgentFaircloth@gmail.com

What the Fiscal Cliff Bill Means to Real Estate?

Real Estate Provisions in "Fiscal Cliff" bill H.R.8

Real Estate Provisions in “Fiscal Cliff” bill H.R.8

So what’s the Fiscal Cliff bill mean to Real Estate? Well, on Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2.

Below is a summary of real estate related provisions in the bill:

Real Estate Tax Extenders

  • Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014
  • Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012
  • 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012
  • 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012

Permanent Repeal of Pease Limitations for 99% of Taxpayers

Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be re-instituted for high income filers.  These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000.  These thresholds have been increased and are indexed for inflation and will rise over time.  Under the formula, the amount of adjusted gross income above the threshold is multiplied by three percent.  That amount is then used to reduce the total value of the filer’s itemized deductions.  The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions.

These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years.  They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012.  Had we gone over the fiscal cliff, Pease limitations would have been re-instituted on all filers starting at $174,450 of adjusted gross income.

Capital Gains

Capital Gains rate stays at 15 percent for those in the top rate of $400,000 (individual) and $450,000 (joint) return.  After that, any gains above those amounts will be taxed at 20 percent.  The $250,000/$500,000 exclusion for sale of principal residence remains in place.

Estate Tax

The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax.  After that the rate will be 40 percent, up from 35 percent.  The exemption amounts are indexed for inflation.

Hampton Roads Home Sales Increase While Listing Inventory Decreases

November 2012 Housing Stats

The Hampton Roads home sales increase while listing inventory decreases. The number of homes listed for sale in November 2012 declined, down 12.56% when compared to November 2011. Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach experienced drops in active listings. Chesapeake and Virginia Beach underwent the largest declines at 23.94% and 22.32% while Portsmouth had the smallest decline of 1.63%. The drop in homes listed for sale has resulted in a 6.51 month’s supply of inventory. This is the lowest month’s supply since October 2008.

For the 19th month pending sales increased, up 12.72% when measured against November 2011′s figures.

The region’s sales climbed 11.97% in November 2012 when compared to November of 2011. Suffolk and Chesapeake experienced the largest increases at 61.9% and 23.79%. This is the ninth time in 2012 in which residential sales have increased year-over-year. The region’s residential median settled sales price for November 2012 is $205,000, up 7.89% from the $190,000 in November 2011.

Distressed homes accounted for 27.43% of residential active listings in November 2012, the highest composition of homes for sale in the past 18 months. Distressed homes accounted for 28.35% of residential settled sales, the 5th smallest percentage that distressed homes have comprised of residential settled sales in the past 18 months. One possible explanation for this is that non-distressed listings are selling more quickly, leaving distressed listings on the market.

November 2012 Overview of

Active Listings units 2012: 13,242    2011:  14,909  Decreased: -11.18%

Pending Sales units: 2012:  1,636    2011:  1,451 Increased: 12.75%

New Construction Sales units 2012: 241 2011: 182  Increased: 32.42%

Median Residential Sales Price 2012: 205,000  2011: 190,000 increased by: 7.89%

Months’ Supply Inventory** 6.51

Hampton Roads Home Sales Increase While Listing Inventory Decreases

** Months’ Supply Inventory estimates the number of months it will take to deplete current active inventory based on the prior 12 months average sales activity.

 

All statistics provided herein are provided by REIN (Real Estate Information Network).

Merry Christmas!

The following was in a Christmas card I received this year and it brought tears to my eyes. It was so touching that I couldn’t help but share it with you.

My first Christmas in Heaven

I see the countless Christmas trees around the world below, with tiny lights like heaven’s reflecting on the snow. A sight so spectacular, please wipe away your tears, for I am celebrating Christmas with Jesus Christ this year.

I hear the many Christmas songs that people hold so dear, but the sounds of music can’t compare with the Christmas choir here. I have not words to tell you the joy their voices bring; it’s far beyond description to hear the angels sing.

I know how much you miss me… I see the pain within year heart, but I am not so far away… we really aren’t apart. So be happy for me, loved  ones, you know I hold you dear, and be glad I’m spending Christmas with Jesus Christ this year.

I send you each a special gift from my heavenly home above. I send you each a memory of my undying love. After all love is the gift more precious than pure gold; it was always most important in the stories Jesus told.

Please love and keep each other as our Father said to do, for I can’t count the blessings or the love He has for you. So have a Merry Christmas and wipe away those tears, for I am sharing Christmas with Jesus Christ this year.

~ Author Unknown

Price Reduced in Kings Fork Farm – 1052 Boundary Drive, Suffolk, VA

Kings Fork Farm – 1052 Boundary Drive

Price REDUCED in Kings Fork Farm – 1052 Boundary Drive, Suffolk, VA. This beautiful detached condo is spotless. Loaded with upgrades this 3 bedroom 2.5 bath home  offers approximately 2,497 square feet of living space which includes the huge recreation room.  Features Include: 30 year architectural shingles, large screened porch, large front porch, Built-in in family room, fireplace in master suite, Corian counter tops in kitchen, tile backsplash, quality dove tailed soft close cabinetry in kitchen & baths, ceramic tiles floor in kitchen, gleaming hardwood floors in master bedroom, air purification system, water softner and irrigation system.  Hurry this out and don’t miss seeing this detached condo in Kings Fork Farm – 1052 Boundary Drive, Suffolk, VA!Virtual Tour on YouTube.com

Listing Price: 250000
Address: 1052 Boundary Drive
City: Suffolk
State: VA
ZIP: 23434
Location: Kings Fork Farm
School District: Kings Fork
Age: 2007
Monthly Rent: N/A
Square Feet: 2497
Bedrooms: 3
Bathrooms: 2.5
Type: Detached Condo
Style Contemporary, Transitional
Parking: 2 car attached garage
MLS # (if any):


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Condo Sold in Lesner Point: 3159 SILVER SANDS CIR. – #302, Virginia Beach, VA

beach 025Another great condo sold in Lesner Point: 3159 SILVER SANDS CIRCLE – #302, Virginia Beach, VA! Lesner Point is a premeir condo community nestled on the quiet sands of the Chesapeake Bridge in Virginia Beach. Lesner point condos is a gated community which boasts beach front living and a swimming pool. The life style here is relaxed and casual. Often during the summer months many residents are out walking and riding bikes. With restaurants, shopping, boating and parks this area is considered a desireable area.

If you or someone you know is looking for a great condo for sale in Lesner Point or the Shore Drive area, we can help!

Sold in Sommerton: 1403 Sommerton Way, Chesapeake, VA

SOLD  - 1403 Sommerton Way

 

Sold in Sommerton: 1403 Sommerton Way, Chesapeake, VA

Sold in Sommerton: 1403 Sommerton Way, Chesapeake, VA! Visit: Sommerton 55+ Active Adult Community in Chesapeake 

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Sommerton

Boomers are on the Move

Boomers Are Spreading Out

Recent research by the National Association of Home Builders suggests that the geographic distribution of adults 55 and over is spread out evenly across the country. It used to be older adults reached retirement age and would relocate to Florida or the West Coast, but not anymore. 43.9 million housholds are headed by someone 55 or older, accounting for nearly 38% of all US housholds. NAHB (National Association of Home Builders) forecasts that the share of 55+ housholds will grow every year through 2019, when this demographic will  account fore 45% of all US Households.

 

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Why Buy Now?

JUST REDUCED in Shadowlawn: 904 Maryland Ave.

JUST REDUCED in Shadowlawn: 904 Maryland Ave. where it’s all about location, location, location! Shadowlawn is the perfect place for you if you are a boater, surfer, fun loving beach bum, or the outdoorsy type who wants to take advantage of the Virginia Beach oceanfront and beach lifestyle. At 1,010 square feet of living space this brick ranch offers three bedrooms and one bath, kitchen, breakfast area, family room and utility room. Spacious fenced back yard would easily accommodate a pool or home addition. Spend your free time biking down the boardwalk, running on the beach, or walking to one of the fantastic restaurants or bars at Rudee’s Inlet. You will find everything from remodeled beach bungalows to brand new 4 bedroom condos.Civic League

More on Shadowlawn

 

 

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Elementary Schools near Shadowlawn

6 Elementary Schools found in the area.

School Type Grade Level Enrollment Students per TeacherDistance (mi)
Birdneck Elementary School
Phone: (757) 648-2120
957 South Birdneck Rd, Virginia Beach, VA 23451
Public PK-5 819 13 91449
Seatack Elementary School
Phone: (757) 437-4867
912 South Birdneck Rd, Virginia Beach, VA 23451
Public PK-5 406 11 91489
W. T. Cooke Elementary School
Phone: (757) 437-4827
1501 Mediterranean Ave, Virginia Beach, VA 23451
Public PK-5 680 15 91497
Virginia Beach Friends School
Phone: (757) 428-7534
1537 Laskin Rd, Virginia Beach, VA 23451
Private PK,K-12 155 6 105745
Children's House Of Galilee
Phone: (757) 428-1034
3928 Pacific Ave, Virginia Beach, VA 23451
Private, Montessori PK,K-5 66 17 120576
Norfolk Christian Lower School Beach Campus
Phone: (757) 428-1284
1265 Laskin Rd, Virginia Beach, VA 23451
Private PK, K-12 761 11 244401

Middle Schools near Shadowlawn

3 Middle Schools found in the area.

School Type Grade Level Enrollment Students per TeacherDistance (mi)
Virginia Beach Middle School
Phone: (757) 437-4892
600 25TH St, Virginia Beach, VA 23451
Public 6-8 751 20 91527
Virginia Beach Friends School
Phone: (757) 428-7534
1537 Laskin Rd, Virginia Beach, VA 23451
Private PK,K-12 155 6 105745
Norfolk Christian Lower School Beach Campus
Phone: (757) 428-1284
1265 Laskin Rd, Virginia Beach, VA 23451
Private PK, K-12 761 11 244401

Preschool Schools near Shadowlawn

3 Preschool Schools found in the area.

School Type Grade Level Enrollment Students per TeacherDistance (mi)
Virginia Beach Friends School
Phone: (757) 428-7534
1537 Laskin Rd, Virginia Beach, VA 23451
Private PK,K-12 155 6 105745
Children's House Of Galilee
Phone: (757) 428-1034
3928 Pacific Ave, Virginia Beach, VA 23451
Private, Montessori PK,K-5 66 17 120576
Norfolk Christian Lower School Beach Campus
Phone: (757) 428-1284
1265 Laskin Rd, Virginia Beach, VA 23451
Private PK, K-12 761 11 244401

High Schools near Shadowlawn

2 High Schools found in the area.

School Type Grade Level Enrollment Students per TeacherDistance (mi)
Virginia Beach Friends School
Phone: (757) 428-7534
1537 Laskin Rd, Virginia Beach, VA 23451
Private PK,K-12 155 6 105745
Norfolk Christian Lower School Beach Campus
Phone: (757) 428-1284
1265 Laskin Rd, Virginia Beach, VA 23451
Private PK, K-12 761 11 244401

 

 

Vote for your favorite pumpkin of 2012!

VOTING STARTS NOW and lasts through Friday, Nov. 2nd at Midnight (eastern time).

We will tally up the votes afterwards and post the winner on Saturday, Nov. 3rd.

Scroll through the pumpkins posted HERE and
vote on your favorite pumpkins by giving them stars.

Be sure to give this link to all your friends, family & coworkers so they may also vote!

REMEMBER, an iPad or iPhone5 is on the line! The entry with the most votes by Friday, Nov. 2nd at midnight will win!

 

LET THE VOTING BEGIN ~ GOOD LUCK EVERYONE!

 

CLICK HERE TO VIEW PUMPKINS & VOTE NOW!

 

VOTING IS NOW CLOSED.  CONGRATS TO OUR WINNER:

1

Positive trends continued in September’s Housing Market

Hampton Roads Housing Market

September’s real estate market reflects decreases in listings and increases in pending sales and settled sales. Which is an indicator that we are moving towards a recovering market.

For the 19th consecutive month, the number of homes listed for sale has dropped. There were 13.7% less residential listings for the month when compared to Sept. of 2011 in Hampton Roads. Reductions in active residential listings inventory resulted in a lower “month’s supply” of 6.94 as compared to 8.8 months in September 2011. This further hints towards recovery as a six months’ supply is normally present in a stable market.

Pending (under contract) sales in the region have increased by 5.2% when compared to September 2011. Of the region’s major seven cities (Chesapeake, Hampton, Norfolk, Newport News, Portsmouth, Suffolk, Virginia Beach), Suffolk and Chesapeake saw the largest year-over-year-increases at 25.93% and 18.94%. Portsmouth and Hampton were on the opposite end as they both experienced year-over-year drops in residential pending unit sales by 12.64% and 8.47%.

Continuing the positive trends are indicators related to residential settled sales. When compared to September 2011, the number of residential sales increased by 2.5%. Virginia Beach and Chesapeake led the region with year-over-year increases of 12.78% and 9.24% respectively. Suffolk and Hampton remained steady, producing the same number of settled sales they did in September 2011. The median sales price for the region is currently $205,500. This is a 4.05% increase from September 2011’s median sale price of $197,475 and also marks the seventh consecutive month the median sale price has increased year-over-year.

The distressed homes, those that are banked owned or short sales, continue to have an impact on the market. During September 2012 distressed homes accounted for 26.41% of active listings. This number is up 2.8% from September of last year and is currently the highest it has been year-to-date. Distressed homes accounted for 25.41% of the region’s residential settled sales in September 2012. With the exception of August 2012’s 24.40%, this is the lowest percentage of distressed homes as settled sales in at least 18 months.

Be prepared for hurricane Sandy

Sandy Approaches Hampton Roads

To Do List

Assemble Important Documents (waterproof container)

Insurance documents

Medical records

Bank account numbers

Social security card/I.D.

Proper identification/immunization records for pet

Pack Personal Essentials

Cash, credit cards

Spare keys/local road map

Cell phone/autocharger

Clothing/rain gear/sturdy shoes/utility gloves

Blankets/pillows

Toiletries/medications

Eyeglasses

Valuables (jewelry, family pictures)

Pet essentials (muzzle, leash, carrier)

Toys/games/books

Prepare Your Home/Property

Secure/store items from yard

Trim loose/dead branches from trees

Secure windows with storm shutters/plywood (pre-drill holes)

Remove satellite dishes/antennae/roof turbines

Clean out gutters

Stack sandbags around exterior doorframes

Securely moor or move your watercraft to a safe location

Have On Hand

Tools (hammer, screwdriver, chainsaw, etc.)

Plastic tarp (roof/window repair)

Clean up supplies (for yard and home)

Camera to document before/after

Don’t Forget

Fill your vehicle with gas well in advance

Know how to turn off your home’s gas, electricity and water

Prep generator to assure proper operation

Fill out your FAMILY PLAN

Virginia Beach Launches Map Application

Have you seen the new map application the City of Virginia Beach rolled out? Users can choose from among several map layers to turn on or off, such as trash and recycling collection days, flood zones, voting districts and more. Users have the option to get directions and select a satellite, street or map view. The new map center is more responsive with faster load times and the ability to view maps on different types of devices. Searches return more complete results, which are highlighted to make finding information easier. In addition to property address and Geographic Parcel Identification Number (GPIN), the map center includes new searches for schools, neighborhoods, intersections, parks, libraries, museums and historic sites, and much more. These user-created maps can be saved, printed and shared. Check it out.

http://www.vbgov.com/maps/Pages/Main-Map.aspx#layout-main-map

For other local resources check this out:

http://agentfaircloth.com/local-resources/

 

SOLD – 9654 23rd Bay St., Norfolk, VA (EAST BEACH)

The Globe Charity House – 2012 Homearama East Beach

SOLD – 9654 23rd Bay St., Norfolk, VA (EAST BEACH)

I wanted to share a few of the photos from the home we sold in this year’s Homearama at East Beach in Norfolk, VA. The builder was Scott Strickland of Strickland Homes. He has been a pleasure to work with and through our experience during the building process, he now has a number of raving fans! Thank you Scott for all you have done to make this house a home for my buyers! This will be their “coastal dream home”. SOLD – 9654 23rd Bay St., Norfolk, VA (EAST BEACH)

Listing Price: 856138
Address: 9654 23RD BAY ST
City: NORFOLK
State: VA
ZIP: 23518
Location: East Beach
School District:
Age: 2012
Monthly Rent: N/A
Square Feet: 4500
Bedrooms: 4
Bathrooms: 3.5
Type: Single Family
Style COASTAL
Parking: 2 CAR DETACHED
MLS # (if any): 1213753

 

AgentFaircloth is all “IN”


 

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Pleasure House Point – Grand Opening

Friday, October 12 marked the ribbon cutting ceremony for Pleasure House Point, in Virginia Beach, VA. at 11 am. This property was once considered for a large waterfront development, but with coordinated efforts by the Chesapeake Bay Foundation the City preserved one of the largest undeveloped parcels of land on the Lynnhaven River.

Pleasure House Point celebrated Friday

Yesterday, October 13th, Bryan and I stopped in to check out the 2nd Annual Fall Festival and Grand Opening of Pleasure House Point.  From kayak tours, to guided nature walks, to eco-friendly craft vendors, to live music to  locally-grown foods. They even had an onsite Farmer’s Market and Seafood Market.

If you get a chance, pack up a lunch and take your kids or dog to  check out this beautiful park on the Lynnhaven.

SOLD – 2300 Page Court, Virginia Beach Waterfront Community

Looking for the freedom of walking out your door, within steps to the beach, you got it! The sunsets here are breathtaking. SOLD – 2300 Page Court, Virginia Beach Waterfront Communition (The Dunes condo community) at the intersection of Page Avenue & Kleen Street off Shore Drive. Most condos in the area don’t include parking for 3 cars. This home offers a one car garage, a parking spot in front of the garage and one additional parking spot. The community is gated and offers private access to the beach reserved for residents and their guests.  This beautiful town home style condo has been lovingly maintained. At 1,949 square feet this home boasts three bedrooms and two full and one half baths. Renovations include: New kitchen cabinets, counter tops, energy star appliances, new master bath with porcelain tile, new flooring, new plumbing and new light fixtures, new heat pump. Seller is ready to move. Give us a call to coordinate a showing.

Listing Price: 382000
Address: 2300 Page Ct
City: Virginia Beach
State: VA
ZIP: 23451
Location: The Dunes
School District: Cox
Age: 1983
Monthly Rent:
Square Feet: 1949
Bedrooms: 3
Bathrooms: 2.5
Type: town home style condo
Style Transitional
Parking: 1 car attached garage
MLS # (if any): 1238308

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Fourth Annual Pumpkin Carving Contest-Deadline Extended

Time to get your carve on! 

How to register:  One pumpkin submission per person. All submissions should be prepared to provide a photo of you carving the master piece, should it be called into question, or be one of our finalists, to keep everyone honest. Email your entry to FairclothContest@gmail.com  Your email entry should consist of a photo (jpeg format) no larger than 100KB. Be sure to include your contact information (pumpkin’s name, your name, email address & city you live in). We will accept emails until midnight on Wednesday, October 31,2012. 

Voting will start on Thursday, November 1 st and last through midnight on Friday, November 2 nd.

GO TO: http://agentfaircloth.com/vote/ Get your friends, family & coworkers voting,  the winner will have a choice between an iPhone5 or an ipad!  The winner will be announced on Halloween (Oct. 31, 2012)!  (Note The name of the winner and the winning photo will be posted on the site on the afternoon of Oct. 31st.)  One vote per person. We have put security measures in place to make it difficult to cheat!  Anyone found cheating will be disqualified from the contest.

So, go get your carve on!

 

Entries remain the property of AgentFaircloth.com.  Chris Faircloth aka “AgentFaircloth.com” , licensed Realtor with Shaffer Real Estate, Inc. is the sponsor of this contest.

 Check out the entries from last year! 

Home Value Index & Sales Price Per Square Foot for Virginia Beach Real Estate

Virginia Beach Zillow Home Value Index

Alanton
Lynnhaven Shores
Great Neck

Virginia Beach Median Sale Price / sq. ft.

August 2012 Housing Stats Just Keep Getting Sweeter

Local Market Crushing Expectations

August housing stats for Hampton Roads continue to look up!  Trends like year-over-year drop in active listings and year-over-year increases in under contract sales and settled sales offer hope of a stabilizing local market.

The number of homes listed for sale dropped 15.78% when compared to August 2011. Marking the 18th consecutive month that active listings have dropped.  The absorption rate is the highest it’s been since tracking began in October 2008. The region’s months’ supply of inventory is currently down to 7.04 months. The following is a break down of month’s supply of inventory by city.

 

Virginia Beach Month’s Supply of Inventory:  5.26 Months

Chesapeake Month’s Supply of Inventory: 5.97 Months

Norfolk Month’s Supply of Inventory:  6.74 Months

Portsmouth Month’s Supply of Inventory:  8.97 Months

Suffolk Month’s Supply of Inventory:  8359 Months

(Note: A six months supply is considered a stable market)

Pending sales increased 23.28% in August 2012, when compared to August of last year. Typically an increase in the number of homes going under contract lead to increased sales over the following months.

When compared to the same month in 2011, the settled sales increased 16.74%. For the sixth consecutive month the median sales price increased. August 2012’s median sales price was $208,535, up 1.72% from $205,000 in August 2011.

The distressed homes market persists in showing signs of improvement based on August 2012 stats. Distressed homes accounted for 24.74% of all active listings. This marks the 10th consecutive month distressed homes have declined as a percentage of the residential settled sales.

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

God Bless America

Exquisite Estate – 452 Woodard’s Ford Rd., Chesapeake, VA

Stunning Estate!

Constructed to the highest standards, this home sits on three manicured acres.  At 6,625 square feet it boasts five bedrooms, including three master suites (one downstairs and two upstairs) four full baths and two half baths. Unmatched architectural detail and craftsmanship are reflected throughout the home. The open floor plan makes for easy living and entertaining. Proportions of space and detail create a home with more grandeur than even its size would imply. Enjoy the forested serenity of Woodard’s Mill with its pastoral and wooded views from abundant windows. Located 2 miles off the expressway, this home is elegant and peaceful while still convenient to shopping, schools and the Outer Banks. Have the best of Both Worlds!

FEATURES:

Main level 9’ ceilings with 17’ center octagon vault and 11’ den height; 8’ ceilings second level and umbrella ceiling in game room, 3-zone HVAC system (first floor master with separate HVAC and thermostat); both first floor units are new (2011) and second floor unit replaced in 2005, 3 (40-gallon) hot water heaters, Plaster walls with rounded corner beads throughout home; smooth in formal rooms and baths, European stucco texture in other rooms and above French kitchen hood & over exterior detached garage dormer, Solid core doors throughout, Recessed can lighting throughout (150+ cans), Five walk-in closets; all closet areas in home have overhead lighting, Custom oak flooring and front/rear staircases with square newel posts and oak treads, Ceramic tile flooring (kitchen with slate and ceramic combined), Multiple transom windows throughout; Low-E, tilt to clean, double-hung windows w/screens; front arched half-rounds with decorative Gothic mullions, over sized atrium window. 2×6 exterior walls create wide window sills throughout home, Three display niches: two on main floor, two with halogen lighting, Christmas circuit — single switch controls all outlets under windows on front of home with slide dimmers on majority of all wall switches. Custom mill work throughout interior and exterior of home; custom exterior deluxe cornice (multiple member soffit, trim and dentil blocking) includes all sides of home and detached garage, Custom built-in cabinetry throughout, Utility room complete with built-in upper and lower cabinetry, Three laundry areas (two on main floor, one in second-floor hallway), Walk-up attic with vast unfinished space (hip roof); two large unfinished rooms 2nd floor, Energy Sentry Computerized Energy Management system monitors/reduces electric bills.

Listing Price: 925000
Address: 452 Woodard's Ford Rd
City: Chesapeake
State: VA
ZIP: 23322
Location: Woodard's Mill
School District: Hickory
Age: 2002
Monthly Rent: N/A
Square Feet: 6625
Bedrooms: 5
Bathrooms: 4.2
Type: Detached Estate
Style Georgian Transitional
Parking: 5 Car Gar (Att & Det)
MLS # (if any):

Foyer:  White, over sized ceramic tile foyer with hand-crafted marble inlaid medallion in foyer imported by owner from Italy. Owner designed and hand-constructed iron railing with 24-ct. gold accents, Deep barrel-vaulted archways to living and dining rooms

KITCHEN: Chef’s kitchen includes: Ceramic and slate flooring, 600 Series Sub Zero refrigerator, custom cabinetry with appliance panels; Bosch dishwasher, Full-sized, self-cleaning double ovens with divider cabinet above and drawer below; Electric cook top; Roll-out drawers; Glass-front upper cabinets; Desk with file drawers; Culligan reverse-osmosis unit at sink for bottle-quality drinking water; Over sized dual-height island with multiple outlets for baking & two-tier granite tops; Double pantries; Two pocket doors (to utility room and butler’s pantry from kitchen); Ogee edge, dual coordinated granite on kitchen counter-tops, island & wine fridge with matching wet bar; Stucco French hood over cook top with ventilation fan;

BEDROOMS:  1st floor master or guest suite includes:  deep coffered ceiling; over sized gas fireplace with remote and Italian granite hearth; niche above fireplace for television; plumbed for bidet in separate water closet; over sized, walk-in glass block shower; soaking tub with ceramic surround; remote-controlled blinds over tub; his & hers linen closets (one with washer/dryer hookups); his and hers sinks with octagon mirrors, Three “master” bedrooms have en-suite full ceramic baths and walk-in closets; Closet Factory closet additions in two upstairs closets with lifetime warranty; Wood blinds with decorative tapes in all bedrooms; Second floor front master: Custom wood plantation shutters in atrium window and octagonal window over garden tub;

DINING & LIVING ROOMS: Antique mahogany built-in hutch with over sized granite top and under-cabinet lighting in butler’s pantry; lined/sealed top preserves sterling silver; Raised panel wainscot throughout over sized dining room and shelved storage closet; Multiple member, custom milled crown molding in formal rooms;

FAMILY ROOM: Ceramic and slate flooring; Custom milled, multiple member fireplace trim with marble surround and hearth; Custom Hunter Douglas Silhouette window shades with easy rise housing in octagonal family room; Over sized family room gas fireplace (both fireplaces are vented to outside and light during power outages with pilot light on). Fluted interior columns; Triple stepped-up tray ceiling in den with rope lighting on separate switch;

EXTERIOR FEATURES:  Copper covered portico with courthouse brick front entry porch; wrought iron rails and herringbone center detail; Large, semi-circular concrete drive and 53’ concrete pad between home and detached garage; Over sized 2.5 car attached garage with freshly painted plaster walls; Commercially built 20×40’ gunnite swimming pool (entire surface re-coated in 2009) with Spanish tile surround, bull-nose brick trim, bench, dual-underwater lighting with remote switch on deck rail; two pump system with one new pump in 2012, commercial grade in-line chlorinator system and main drain for ease of cleaning; Jerith decorative no-maintenance aluminium fencing with brick columns and three entry gates surround pool and flower garden areas (flower garden has gold-accented fence detail); Multiple flood lights surrounding home’s exterior and front spotlights illuminate front of home and detached garage from yard level in all-weather housing with timer; Brick detached 3-car garage with full bathroom plumbed and wired; fully floored second story, hip roof and matching arched windows (2262 square feet); Culligan Platinum water softener system located in detached garage; European awnings with industrial frames over 1st floor media room windows at flower garden; 2-level deck with Chippendale railing and pergola; 750-lb capacity electric lift gate at rear deck provides zero step entry into home; Kinder Homes Tree fort constructed (2004) around tree with “trap door” entry in 8”x10” deck in rear yard conveys ($4500+ material invoice ); Zip-line and rope swing with platforms convey; Elevated grade lot with 4.5 block crawl space; 120’ deep water well plus additional 30’ well with extra pump for lawn irrigation; Multiple outdoor electrical outlets and hose bib locations throughout property;

MISC:  All window treatments, blinds and shades convey with the exception of blue cornice/drapes in second floor master bedroom on front of home.

PER OWNER/BUILDER:

Main home heated square footage is 6625

Location Map








Shift in mindset means shift in prospective

Our team recently flew across country to network with a top agent producing mega results. Although they are doing hundreds of transactions a year I was more interested in their systems for keeping the wheel moving smoothly. Our focus is not on quantity,  but a quality five star experience. We are in the midsts of revamping our real estate business and hope to roll out many new systems and tools to help us work more efficiently and better serve our clients.

A new culture in real estate is coming soon.

 

SOLD – Lesner Point East off Shore Drive

This is a Condo located at 2317 Shore Sands Court #302, Virginia Beach VA has 3 beds, 3 baths, boasts a loft suite and HUGE walk in attic space. The property was built in 1996. The average list price for similar homes for sale is $376,873 and the average sales price for similar recently sold homes is $353,893 in the 23451 ZIP code in Virginia Beach, VA.

 

 

 

 

 

 

Listing Price: 335000
Address: 2317 SHORE SANDS CT - #302
City: Virginia Beach
State: VA
ZIP: 23451
Location: Lesner Point East
School District: Cox
Age: 1996
Monthly Rent: n/a
Square Feet: 1790
Bedrooms: 3
Bathrooms: 2.5
Type: Condo
Style Transitional
Parking: Assigned Reserved
MLS # (if any): 1212118

 

 

Search Condos for sale on Shore Drive

The Perfect Storm~Rates, Inventory, Buying Power

As a life long resident, I can offer an insight into the history and growth of many areas. Look at what my clients have to say. It’s critical to select an agent who will work hard to get you the home you desire for the best possible price. Our results are a direct reflection of the time we take to listen to our buyers needs during our Buyer Consultation. First we provide our buyers with the knowledge that Virginia is a “Caveat Emptor” or “Buyer Beware” state. Meaning that it is the buyers’ responsibility to exercise due diligence when navigating the home buying process. As an Accredited Buyer Rep, it is my responsibility to guide you through the entire process, including obtaining a loan, negotiating the offer, contract coordination, and final settlement details.

Knowledge of inventory, statistics and housing trends are imperative when serving the individual needs of each client. Networking with other top producing agents, allows me to discover homes and opportunities faster than traditional methods that most agents use.

Buying a home is a very important step in your life and so it is important that we communicate throughout the process. I take your business very personally.
I welcome the opportunity to interview for the position as your Buyer’s Agent. I hope to speak with you soon!

Chris Faircloth, REALTOR, ABR, CDPE

Shaffer Real Estate

 

Optimistic Numbers Suggest a Recovering Market

Shrinking inventory & increased sales

July’s housing statistics suggest the Hampton Roads Housing may be on the road to recovery. Significant increases in residential under contract and settled sales, combined with a downswing in the number of active listings and the months’ supply of inventory are all healthy indicators of a market on the rebound.Pending sales increased 25.35% from July 2011. Though no guarantee, high under contract counts are often a pre-curser to a high volume of settled sales in the future.

Hampton Roads saw a 20% increase in settled sales in July 2012 when compared to July 2011. Each of the seven major cities experienced year-over-year increases. More good news, the median sales price for settled sales in the region climbed to $209,900, a 6.28% increase from July 2011 which reported a median sales price was 197,500. This marks the fifth consecutive month the median sales price has increased.

The number of homes listed for sale in Hampton Roads continues to decline and active listings are down 18.16% when compared to July of last year. All seven cities saw drops in residential active listings of 10% or higher. Virginia Beach and Chesapeake experienced the largest decreases at 24.32% and 23.21%. This steady downswing in residential active listings has resulted in a lower month’s supply inventory, now at 7.27 months. A 6 months’ supply of inventory is  considered a “normal” market.

Distressed homes accounted for 24.22% of the active listings in July 2012. Distressed homes accounted for 29.13% of the settled sales in July 2012.

For more detailed figures see link:  JULY2012-STATS

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

Reverse Mortgage Seminar – You are Invited!

Karen Rayfield a National Instructor for loan officers will explain the benefits of Reverse Mortgages and how to keep more of your money and leverage your financial future. Make an educated decisions about your retirement.

WHEN:         Wednesday, September 12, 2012 @ 10:30AM

WHERE:       Sommerton Model Home, 1403 Sommerton Way, Chesapeake, VA 23320

RSVP:            Chris Faircloth at 757-288-0983 or AgentFaircloth@gmail.com 

                          by Monday, September 10, 2012


The Dunes Condo Community on the Chesapeake Bay

The Dunes Community off Shore Drive in Virginia Beach

The Dunes is a gated waterfront condominium community located at the intersection of Page Avenue and Kleen Street just off Shore Drive. The Dunes offers direct private access to the Chesapeake Bay and beach.  This quiet town home style condo community offers eleven units total. Eight are attached and offer one car garage, a drive way space and a parallel parking space. The second building consists of three units. Two of those are direct bay front units the other one has limited bay and beach views. The beach is the main attraction in this community, no pool exists.

Sales Activity:   The last sale was $550,000 in April of 2010 on the bay. Recently another unit (not on the bay) was for sale at $389,900.00 but was withdrawn from the market. Unit 2306 is currently for rent and is asking $2300/month.  Units range in size from 1,800 to 2,100 square feet.

Property Manager: The Select Group

Fees: $240.00/mth

Waterfront condos on Shore Drive in Virginia Beach

This community is not FHA approved.

Local establishments.

Restaurants, fitness clubs, pools, tennis courts, shopping, medical facilities and marinas are all a very short commute. The community can be characterized as an active community where many enjoy biking, boating, jogging or walking on a daily basis.

Just Listed in Sommerton: 1020 Briars Landing in Chesapeake, VA

We have just listed this condo in Sommerton: 1020 Briars Landing in Chesapeake, VA. ROSE LEIGH II INVENTORY~AVAILABLE IMMEDIATELY! LUXURY COMES STANDARD AT SOMMERTON, COME SEE WHY! HISTORICAL ARCHITECTURAL DETAILS, CROWN MOLDING, HARDWOOD FLRS, TILE BATHS, GOURMET KITCHENS, GRANITE, PROF. SERIES SS APPLIANCES & MUCH MUCH MORE…

We at Sommerton have made every effort to create a community providing the highest quality homes available in the Hampton Roads Housing Market.

We believe that a home built with the highest standard on a foundation of integrity will not only hold its value over time but will increase in value. We have recruited highly qualified subcontractors and material suppliers that reflect pride in their work in every home.

We have an on-site design center that will make your home construction a pleasurable experience. In our design center, you may select from numerous floor plans to meet your needs, there is a home for everyone. Home buyers will select granite style, paint colors, floor types and many other features that will make the home unique to you.

To make the buying experience as smooth as possible, Stephen Alexander Homes & Neighborhoods has an exclusive on-site Realtor, Mortgage company and Closing Attorney to provide personal service to each client. Sommerton is devoted to get each new home buyer closer to what maters most- BEING HOME.  Just Listed in Sommerton: 1020 Briars Landing in Chesapeake, VA

Listing Price: 419900
Address: 1020 Briars Landing
City: Chesapeake
State: VA
ZIP: 23320
Location: Sommerton 55+ Active Adult Community
School District: Indian River
Age: 2011
Monthly Rent: N/A
Square Feet: 2550
Bedrooms: 4
Bathrooms: 2.5
Type: Townhome style condo
Style Transitional
Parking: 2 car attached garage
MLS # (if any): 1210044

Sold in Chicks Beach

Sold in Chicks Beach!

2237 Chicks Beach Court, Virginia Beach, VA

Shout out to Citrus…

If you like breakfast, you’ll love Citrus at 2265 W Great Neck Road Virginia Beach, VA.  A locals spot for a beach spin on breakfast. Lance and Cheri Shores make everyone feel so welcome! Great food!

Shore Drive Condo Owners, Shore Drive Neighbors, Lynnhaven Colony Neighbors, Cape Story Neighbors

June 2012 Hits Highest Number of Sales since 2007

HIGHEST NUMBER OF CONTRACTS SINCE 2007

June’s real estate market experienced encouraging market stats, which included a rise in pending sales, a drop in active listings, and an increased median sales price.The number of active listings fell 18.61% in June 2012 when compared to June 2011. The reduction in active listings resulted in a 7.44 months supply of inventory (for the region), the lowest since  January 2009. Approximately 6 months supply of inventory is considered normal, so this lower inventory suggests a stabilizing real estate market. (Below I have outlined a summary by city of our months supply of inventory)

June 2012′s pending sales increased 12.73% when compared to June of last year.  Numbers were up 11.74% on the Southside and 13.03% on the Peninsula.  This marks the 14th consecutive month that residential pending sales have increased. To date (January-June) 11,376 pendings contracts have been reported to REIN. (NOTE: This is the highest number of contracts written for the same period of months since 2007).

Sales for the region dropped a slight 1.82% in June 2012 when compared to the same period in 2011. The median sales price is up to $207,500, which is up from $199,900 in June 2011.

The distressed homes market shows positive signs too. Distressed homes accounted for 24.70% of all residential active listings, the lowest it’s been since October 2011.

 

JUNE 2012  Absorption Rates by City

Virginia Beach – 5.51  month supply of homes

Norfolk – 7.13 month supply of homes

Chesapeake – 6.31 month supply of homes

Portsmouth – 8.69 month supply of homes

Suffolk – 8.55 month supply of homes

(Note: 6 month supply is considered a stable market)

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

An Evening with Willie Crockett

 

Sommerton residents and Stephen Alexander Homes is proud to host a memorable evening with Willie Crockett, well known watercolorist from the Eastern Shore .

Saturday, August 18, 2012 from 5 to 8 PM in the Sommerton Model home

at 1403 Sommerton Way, Chesapeake, VA 23320.

Wine,  beverages and light hors d’oeuvres will be served.  This prolific painter, who was raised on Tangier Island, paints what has always been close to his heart… the wildlife, water, boats and anything that is part of Virginina’s Eastern Shore. Many of his prints and original paintings will be on display and for sale.

At 6:30PM, Mr. Crockett will provide a short demonstration of his painting style.

Take time to include this opportunity in your evening plans.

RSVP to Jim & Becky Alexander

by August 13, 2012

757-410-4995 or Ladage@cox.net

So true, Happy Monday!

What is a reverse mortgage?

A reverse mortgage is a loan for senior homeowners that uses a portion of the home’s equity as collateral.  The loan generally does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away. At that time, the estate has approximately 6 months to repay the balance of the reverse mortgage or sell the home to pay off the balance. All remaining equity is inherited by the estate. The estate is not personally liable if the home sells for less than the balance of the reverse mortgage.

What are the pros and cons of a reverse mortgage?

What is a Reverse Mortgage Home Purchase?

Contact  me today to find out who we use to do Reverse Mortgages at Sommerton 55 & Better Active Adult Community.

 

 

Help, my poor dog has skin problems…

So my labrador retriever is two and a half years old. We bought her at 9 weeks old from a kennel outside of Richmond. She was well for about 6 months, but started having urinary tract infections on a regular basis. As they gave us antibiotics to treat the infections, we found out she was allergic to most antibiotics. From hives to severe swelling, I can’t tell you how many times we had to rush her to the vet. Then followed the hot spots, we would give her cipro and treat with a topical spray, which would remedy the issue for a very short period. Shortly after finishing the treatment the skin problems will develop again.

Three weeks ago, we took her back to the vet again, to address the issue again. They took a biopsy and informed us they would get back with us after it was cultured. A few days later we received a call from our Vet, who informed me they were referring us to a dermatologist. At one point, we were told our dog had MRSA, which obviously scared us.

Today, we had our second visit to the dermatologist. We were happy to hear that she didn’t have MRSA, but disappointed to hear that she couldn’t be included in the methicillin resistant bacteria study. Now we’re going to attempt to treat the bacteria infection and/or underlying disease (allergies or idiopathic recurrent pyoderma) again.

Starting yesterday, we began bathing Nai’a in a Malaseb shampoo every other day, applying a resi-keto-chlor lotion (mixed with water) once daily and spraying once daily with Douxo Chlor spray. This will go on for six weeks, yep, that’s right six weeks…. So, the story continues… tune in and keep your fingers crossed, my poor pup is miserable.

 

May’s Housing Market Heats Up in Hampton Roads!

Active listings dropped 18.04% from May of last year. Distressed homes account for fewer active listings and settled sales. The drop in active listings led to a 7.6 months supply of inventory for the region, the lowest since January 2009.

Under contracts experienced an increase of 18.18% over the same period last year.

Settled sales for the region climbed 9.77% when compared to May 2011. The median sales price for the region’s settled sales was $202,500, a 5.2% increase from May 2011’s median sales price of 192,475.

The distressed homes market (bank owned or short sales) fell as a percentage of active listings and residential settled sales.

 

May 2012  Absorption Rates by City

Virginia Beach – 5.61 month supply of homes

Norfolk – 7.16 month supply of homes

Chesapeake –6.48 month supply of homes

Portsmouth – 8.31 month supply of homes

Suffolk – 9.43 month supply of homes

(Note: 6 month supply is considered a stable market)

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

NOW is the best time to buy… Why you may ask, tune it…

Smile ~ happiness is a choice

No matter what you do, some people are not going to like you. That’s life, don’t let their rejection steal your joy. Run your own race and spend time with people who build you up. Don’t waist your energy on those who tear you down!

Time Lapse of OpSail 2012

Really cool video as the ships roll in!

Some days are harder than others…

Dawn on the Chesapeake Bay

Views of the Chesapeake Bay from Condos off Page Avenue and Shore Drive

Sommerton’s Hot Dog Days of Summer

Summer’s here and it’s time to grill some dogs (hot dogs that is) on the barbie!

Sommerton Annual Hot Dog Days of Summer

Thursday, June 14th 5:30 – 8:30pm

 

Visit Sommerton Today!

Wednesday, June 6, 2012 – Opsail begins…

Check out the schedule of events here!

http://www.opsail2012virginia.com/events-schedule/by-date

 

Virginia Beach Patriotic Festival & Airshow!

Deciding on the right neighborhood

Are you a Rainmaker?

The average sales professional doesn’t realize that the key to success is taking extraordinary care of their clients before, during and after the sale.

Do you you listen to your customers needs? Are you able to decipher their needs? A great sales person asks lots of questions and listens. Do you strive to meet your client’s needs? Often the key to accomplishing positive results is through creative or unconventional ways.

I look at the sales process as a puzzle. Often the piece that looks like they should fit, just doesn’t, so I look for pieces (or options) that do fit. As a child I loved working on puzzles, who would have imagined I would still be doing them now “professionally”? Life is funny isn’t it.

How do you convey value to your customer? Are you able to establish a “dollarized value” of what they get? If not, you should be. Give them more than they expected, exceeding expectations is always a great way to ensure customer loyalty.

At anytime, are you able to answer the question  “Why should this customer do business with our company, with me?” Is your answer focused on your customers agenda, or yours. The answer must benefit your customer often times on a business and personal level. Does it?

Sales Questions:

Do you have your calendar handy? (book the appointment)

Will you be making the decision?

Would you like to know what makes us different?

If my presentation is successful, is there anything else prohibiting your from moving forward?

Why don’t you give it a try!

Is there anything I have missed or not answered for you? Have I answered every question that is important to you?

So, are you a rainmaker? Are you organized? Do you speak with the decision makers? Do you have a pre-call plan for important conversations? Do you have written sales objectives? Do you ask planned sales questions? Do you listen? Are you empathetic with customers? Do you dollarize the value of your product or service? Do you ask for the sale or the customer’s commitment?

Go out be brave, be bold, be courageous and calm. Go be a Rainmaker!

 

Hampton Roads Housing Market for March 2012

More good news, the number of homes for sale in March 2012 decreased, while the number of homes under contract experienced year-over-year increases.

Residential active listings were down 19% when compared to the same time last year. All seven of the major cities saw decreases in the number of homes for sale. The decrease in active listings resulted in the supply of inventory being reduced from 9.93 months in March 2011 to 7.57 months in March 2012. A stable market typically comprises of 6 month’s supply of inventory.

Under contract sales grew by 7% in March this year when compared to March of 2011. The increase in under contract sales suggests an increase in future settled sales over the next few months, though not a guarantee.

Residential settled sales fell a marginal 3.6% in March 2012 when compared to March 2011. Although residential settled sales waned in March, the median sales price increased to $185,000. This is a .54% increase from March 2011’s median sales price of $184,000, and is the first year-over-year increase in over 16 months, since November 2010’s median sale price was up 1.24% when compared to November 2009.

The distressed homes market (bank owned / short sales), showed slight signs of improvement for March 2012. Distressed homes comprised 33.53% of the settled sales in March 2012, the lowest proportion of distressed homes as settled sales so far this year.

 

March 2012  Absorption Rates by City

Virginia Beach – 5.87 month supply of homes

Norfolk – 6.97 month supply of homes

Chesapeake –7.22 month supply of homes

Portsmouth – 7.82 month supply of homes

Suffolk – 9.23 month supply of homes

(Note: 6 month supply is considered a stable market)

 

It’s an unbelievable time to buy real estate. Whey you may ask? Unbelievable aggressive pricing coupled with historically low interest rates also called “the perfect storm”. Today’s market allows “true investors” more buying power than we’ve seen in years. NOW IS THE TIME TO BUY!

 

If you would like to know what your home or investment property is worth, call or text me at 757-288-0983. I’m here to help!

 

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

SOMMERTON 55+ Active Adult Community in Chesapeake, VA

Live the simple life at Sommerton in Chesapeake, VA

SOLD -Berkshire Estates – 1208 Kingsbury Drive, Chesapeake

Berkshire Estates – Chesapeake’s Premier Neighorhood

Do you know someone toxic?

I’m speaking of that negative person or chronic complainer that sucks the happiness out of your soul like a Hoover with only a few moments of exposure. You know the ones that bring you down, by wining and playing the “victim” role. The energy vampires we dread.

I read Rules for Renegades a few years back by Christine Comaford-Lynch which was one of my all time favorite reads. In it she talks about “tossing toxicity”. Get rid of those that suck the life out of you or drain you of energy and happiness.  Have you ever noticed that these people have the ability to make you feel bad for avoiding them and they seem to attach to you like a leech. Key here is that you identify this behavior quickly, and start avoiding them before a relationship develops.

Have you noticed that often toxic personalities will use you? They complain all the time or they are always getting themselves into trouble, looking for you to “help them out”. It’s important that you set boundaries to determines the lines you will or won’t cross. What this means is not allowing yourself to be used, to listen to their chronic complaining and refusing to get them out of trouble.

Often, these poisonous people are skilled at making us feel guilty when we  don’t do what they want. Toxic people use your guilt as a tool to break down boundaries. Set and maintain boundaries and know that  your guilt is pointless and its used against you by toxic people.

When you avoid toxic people and you set boundaries, frequently toxic people  resort to complaining and playing the victim. Know that we are each responsible for our own actions. Although, it’s human to try to help, I have tried the same and finally realized this is an internal choice that the toxic person has made and only they can turn their “stickin thinkin” around, as Zig Ziglar used to say.

In the last week I’ve dealt with three different versions of toxic people. I find it interesting, that if we listen with our hearts and our ears, it’s obvious who they are.

Recently, I was in a conversation over the phone with one such person. It started out very good and was a very positive experience. Just as one would flip a switch, it happened. The negative dialog started pouring from their mouth. I’m referring to their outlook on life and how they interpret their experiences. I couldn’t get a word in to stop them. Some people feed on it, you know the “Drama Mamas”.  I literally felt the happiness being sucked from my body as they went on and on. I promptly interrupted and got off the phone as quickly as possible.

The second one endured a loss many years ago, and never came completely out from under it. This person used to glow and was the happiest person I had ever met. I feel badly for them, as the road they have walked has been hard and I don’t know how I would have handled such a terrible blow. The sad part is they have been in this hole so long they think this “victim” role they have taken up, is what life is really about. They can’t seem to shed the walls of negativity they’ve surrounded themselves with. They look for negativity in every aspect of their lives and expect the worse. They even complain the face of blessings. Have you noticed toxic people want you to join in their misery? I had to draw the line and start avoiding them. How sad is it that they choose this perception, and I had to walk away to save my self.

The last one professes about their beliefs, but tears people down to build themselves up. You know the ones that act like there is a reward for finding and pointing out the faults of everyone. They ramble about standards of behavior over and over, but rarely apply the same standard to their own behavior. The one that treats the wait staff like they are beneath them. I’m so embarrased to be around them when they behave like that. Does the word hypocrite come to mind? After my experience with them recently, I realized the only thing I can control is my response to these people. After attempting to address it multiple times, you just have to say “enough”, and mean it.

I’m tossing toxicity out of my life and claiming my stake in a fresh new day with endless possibilities. You can too. It’s important to reach out and to help others, but be careful that you don’t put your happiness in the hands of toxic people. If they don’t stand by our side just because; if they don’t lift you up;  or enrich your life, then perhaps you should re-examine your friendships and the toxicity levels in your life.

Berkshire Estates~ Exceptional Home ~ SOLD!

Exquisite home just listed in the upscale neighborhood of Berkshire Estates in Chesapeake, VA. This spacious home offers two master suites, the one down stairs is lavishly appointed with his and hers vanities, a claw foot tub and walk in shower. Features include: Gourmet kitchen, breakfast room that leads to screened porch, spacious family room, formal living and dining rooms and large bedrooms. Generous back yard offers plenty of space for a pool and offers in ground sprinkler system. Beautiful neighborhood offers residents spacious lots and park-like settings. The community is conveniently located on Hanbury Road just off Battlefield Blvd. providing accessibility to shopping. As you drive through Berkshire Estates it is apparent that residents take pride in their homes by the manicured landscaping.

VIRTUAL TOUR

 

Listing Price: 435,000
Address: 1208 Kingsbury Drive
City: Chesapeake
State: VA
ZIP: 23322
Location: Berkshire Estates
School District: Great Bridge
Age: 1998
Monthly Rent:
Square Feet: 3786
Bedrooms: 5
Bathrooms: 3.5
Type: Detached Single Family
Style transitional/traditional
Parking: 2 car attached garage
MLS # (if any): 1214365

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For Sale in Sommerton: 1060 Cranberry Drive #75

For Sale in Sommerton: 1060 Cranberry Drive, Lot #75

Luxury condo style town home ready for quick sale at Sommerton 55+ Active Adult Community in Chesaepake, VA! Maintenance free living is just a click away! At approximately 2300 SF, this spectacular home offers rear loading two car garages, hardwoods throughout the downstairs, gourmet kitchens include granite, professional serious stainless steel appliances, dual fuel gas range with electric oven and warming drawers, Merilatt cabinetry w/ full extension dove tailed drawers, lazy susans, trash pull out & soft close features, dishwasher, built in microwave and refrigerator. Did we mention the rest…. Well how about an elevator, yep it’s INCLUDED too! Why would you buy a home with a downstairs master, and when the knees finally give out, not be able to access the other half of your home? Doesn’t make any sense, especially if you’re heating and cooling it, right? EXACTLY! So, now you have the opportunity to truly access your ENTIRE home, forever! Gentlemen you’ll love this too… We include a home theater prewire, security system w/ keypad, blown in cellulose insulation, Tech Shield radiant barrier and a FULLY insulated garage with garage door opener and 2 remots (most don’t offer this…) For Sale in Sommerton: 1060 Cranberry Drive #75

 

 

Where you live makes ALL the difference!

REDUCED: 2800 Shore Drive on Chesapeake Bay

Vacation in Virginia Beach!

REDUCED: 2800 Shore Drive on Chesapeake Bay. Private beach on the Chesapeake Bay, close to great restaurants, shopping and easy access to major highways. Perfect location to use as a home base to travel to area attractions like Seashore State Park, Colonial Williamsburg, Busch Gardens, Virginia Beach Aquarium and Science center, shopping malls and golf courses.

Amenities and services include: Tradewinds Restaurant and Bay Necessities Gift & Coffee shop on premises, fully equipped health club, indoor / outdoor pool, jacuzzi, water sports available for rent during summer months.

Guest rooms include either one bedroom with living area suite or two bedroom with living area suite. All rooms have a private balcony. All include microwave, refrigerator, coffee maker, alarm clock, two cable televisions and hair dryers.

The condo is part of the beautiful Virginia Beach Resort & Conference Center Hotel which has 295 suites. It is run like a hotel so there is absolutely no work involved on the owner’s part. The hotel will rent the rooms for you. Each month you will receive a statement showing what was paid out, what your income is for your particular unit (295 units divided by your unit share). As an owner you can stay in your unit (or an upgraded one if available) for 21 nights at a cost of $27.00 per night.

Listing Price: 75000
Address: 2800 Shore Drive #318
City: Virginia Beach
State: VA
ZIP: 23451
Location: Lynnhaven Shores
School District: Cox
Age: 1986
Monthly Rent: n/a
Square Feet: 965
Bedrooms: 1
Bathrooms: 1
Type: condo
Style hotel
Parking: 1 car assigned / reserved
MLS # (if any): 12116970

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How a radiant barrier could save you 17% in monthly energy costs?

Sommerton’s featured product for March

So what in the world is a radiant barrier? Well the featured product is named “TechShield”  Radiant Barrier a sheathing which installs like roof sheathing and includes a reflective finish over OSB (oriented strand board is a  performance-rated structural panel engineered for uniformity, strength, versatility and workability).  By helping to block heat from ever entering the attic, this product alone can reduce air conditioning costs, thereby decreasing monthly energy bills by up to 17%.  TechShield products have also earned the ENERGY STAR® certification rating.

Stephen Alexander Homes believes in using quality products in all their homes at Sommerton 55 & Better Active Adult Community in Chesapeake, VA where details like this are standard. There are no substitutes for quality products when building your home.

HOMEOWNER BENEFITS :

  • TechShield Radiant Barrier uses 100% SFI-certified wood from small diameter,rapidly regenerating trees.
  • TechShield uses only a minimal amount of low-emitting, safe resin as a binder.
  • TechShield products block up to 97% of the radiant heat in the roofing materials from entering a home’s attic and help keep heat from escaping during cold weather
  • As a wood product it offers low environmental impact
  • As wood it’s a renewable resource
  • As engineered products they use raw materials more efficiently than traditional products
  • As engineered products they are made with low-emitting, safe resins

“By installing LP TechShield in the roof of an apartment or condominium project you can be sure those living below it or on the top floors will be more comfortable and enjoy lower utility bills. This will give the developer a significant marketing advantage.”  ~Peter Pfeiffer, Architect

Hampton Roads Housing Market is MOVING…February 2012 Stats

Active listing inventory was down 19% in February 2012 when compared to February 2011. Chesapeake, Norfolk, Portsmouth, Suffolk, and Virginia Beach saw drops in active listings.

Under contract sales were up 19% in February when compared to the same time last year.

Settled sales increased 21% when compared to the same time last year, which is a huge figure.

The distressed homes market, (bank owned/short sales), accounted for 36% of residential settled sales in February.  This was lower than the 42%  figure from February 2011.

 

February 2012  Absorption Rates by City

Virginia Beach – 5.71 month supply of homes

Norfolk – 7.13 month supply of homes

Chesapeake –7.07 month supply of homes

Portsmouth – 7.80 month supply of homes

Suffolk – 9.23 month supply of homes

(Note: 6 month supply is considered a stable market)

 

Ladies and gentlemen, we are seeing multiple offers on homes that are priced right and in good clean condition! A home we listed on March 1st in Chesapeake received 5 offers all above list price on March 3rd, two days after we listed it!

If you would like to know what market value is on your home or investment property, call or text me at 757-288-0983. I’m here to help!

 

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

1068 Cranberry Dr. Lot #73 at Sommerton in Chesapeake, VA

Mayberry Cottage @ Sommerton

Stunning Mayberry Cottage built by award winning builder Stephen Alexander Homes available for sale NOW! Amazing incentives call or email me today!! Luxury comes standard at Sommerton, come see why. Historically inspired architectural details, crown molding, hardwood floros, tile baths, elevators included, gourmet kitchens with granite counter tops, professional series stainless steel appliances, and much much more!

 

Listing Price: 392245
Address: 1068 Cranberry Drive #73
City: Chesapeake
State: VA
ZIP: 23320
Location: Sommerton
School District: Indian River
Age: 2011
Monthly Rent: n/a
Square Feet: 2400
Bedrooms: 3
Bathrooms: 2.5
Type: town home style condo
Style Transitional
Parking: 2 car attached garage
MLS # (if any): 1209533

http://agentfaircloth.com/sommerton/

http://www.stephenalexanderhomes.com/

 

 

 

 

 

 

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Rented – 2207 Rockbridge Rd in Ocean Park

Three story duplex style condo just off shore drive in Ocean Park is available 4/1/12. This 3 bedroom 2.5 bath condo offers 1,575 square feet of living space and a one car garage. First floor bedroom w/ bath. Second floor offers family room w/ balcony, breakfast nook and kitchen w/ half bath. Third floor offers two bedrooms (one w/ balcony) and one full bath.  Steps from the beach, dining, parks, marina and riding trails. This unit has always moved very quickly, so… HURRY! Won’t last long!

 

Listing Price: 1650
Address: 2207 Rockbridge Road
City: Virginia Beach
State: VA
ZIP: 23455
Location: Ocean Park
School District: Cox
Age: 1983
Monthly Rent: 1650
Square Feet: 1575
Bedrooms: 3
Bathrooms: 2.1
Type: duplex condo
Style Contemporary
Parking: 1 car attached garage
MLS # (if any): 1207158

 

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January 2012 Housing Statistics for Hampton Roads

The Hampton Roads real estate market starts 2012 strong. January saw double digit changes in the number of under contract sales and residential active listings when compared with the same time in 2011. Is it too early to say “recovery” for Hampton Roads housing market?

Active listings were down 18.8% in January 2012, compared to 12 months ago. Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Suffolk, and Virginia Beach saw a decrease in the inventory of homes for sale.

Under contract sales for January 2012 jumped 32.9% when compared to a year ago. This is the largest increase for the month of January for more than 5 years. All seven of the major local cities experienced gains.

The increase in under contract sales shall be followed by settled sales figures over the next few months. The under contract sales led to a rise in  settled sales for January 2012, up 5.27% when compared to January of 2011.

The distressed homes market, grew in active listings by 26%, but fell by 37% percentage of settled sales.

 

January 2012  Absorption Rates by Cityfigures

Virginia Beach – 5.77 month supply of homes

Norfolk – 7.22 month supply of homes

Chesapeake – 6.98 month supply of homes

Portsmouth – 7.93 month supply of homes

Suffolk – 8.86 month supply of homes

(Note: 6 month supply is considered a stable market)

 

To nail down the exact value of your home in today’s market, shoot me an email at: AgentFaircloth@gmail.com and I’ll be happy to give you an accurate assessment of your current market value.

All figures provided herein are a courtesy of REIN (Real Estate Information Network).

Tips on selling your home

So, you’ve decided to sell “home sweet home”. The place you lived and started your family, worked so hard to fix up and now you’ve outgrown it. Remember, it’s important to realize that you are NOT selling your memories, you are simply selling the structure that housed them. Once the house goes on the market, you need to decide “it’s just business”, stop thinking about the property as your home.

These tips will help you prepare for the sale.

  • Remove extra furniture.
  • Paint the rooms a neutral color.
  • Remove personal memorabilia and keepsakes.
  • Create focal points in each room. By staging, you begin the process of disassociating yourself from the house. You want potential buyers to see “your home” as “theirs.” If you do the preparation up front and price the property properly, you should see results
  • Hire a handy man to come in and do minor repairs around the house. Address those things you’ve ignored for years.  The best way to avoid problems due to unforeseen home repairs is to have a home inspection before you list it, not after there’s an offer on the table. Why dread the results of a home inspection when you can be proactive and preemptive? Call your agent, who can surely give you a list of qualified home inspectors. Listen to what he says and fix what’s wrong.

The next step is pricing the home.

It is inevitable that homeowners will not agree with the agent about setting a price on the home. I find that emotional attachment is more a factor, than assessing the sales prices of the comparables in the neighborhood. Remember, an over priced home becomes “market worn”, and costs you far more to carry then to price right in the beginning.

An agent should be able to advise you on:

  • How to set an accurate price for your home.
  • How to negotiate and get the best price.
  • We have no emotional attachment to the home and will not be offended by buyer criticism.
  • We sell far more homes in a year than a home owner does in their lifetime. Experience matters.

Selling your home is business and one of the biggest transactions you will ever make. Treat it that way and make the experience smoother for you and for your buyer.

Are you buying, selling or leasing a home in Virginia Beach, Chesapeake or Norfolk? Chris Faircloth can help you if you’re shopping for Hampton Roads homes for sale or planning on moving to or from Virginia Beach in the future. Visit AgentFaircloth.com and browse ALL the homes for sale (and ALL the lease homes) listed in the MLS on one website with no registration required.

Amazing deals in Great Neck & Shore Drive corridor

Sunrise on the Bay

A rainy day on the shore shines a little light on water front homes in the Great Neck and Shore Drive corridor.

Last Saturday, I was out with a lovely couple looking for homes on the water. The property they seemed most interested in was a property I was all to familiar with and had looked at for myself some years back. I asked them if they minded if I pulled other homes in Lynnhaven Colony, Bay Island and the surrounding areas. I then decided that since water front was important I would throw in a few attached (town home style) condos on the Bay front.We saw detached homes  from 2000 SF to 4,000 SF on bulk-headed parcels ranging in the 700′s to 800′s. These homes were all well over a million just 2 years ago. Two of the three detached properties also had in-ground pools, and more than ample space for docking multiple boats, a plus for my client. I think often times some of the bulk-headed properties are great, but offer little privacy and not the kind of expansive views you were looking for.

View from the Lynnhaven Fishing Pier

So we then took off to see homes on the Bay. I thought they could get a feel for what their budget could buy them on the Bay and in terms of views. . Our first stop was Ship’s Watch a gated bay front community off Ocean Shore Avenue just down from Lynnhaven Fish House. This is a lovely town home style condo community offers Two story (not on the Bay) range in the $385,000+ range and three story units with BIG BOLD BAYFRONT views from all three decks. The prices of units on the bay ranged from $624,900-637,900. Some years back I made an offer on a bay front unit listed at $799,000. So to have prices down $175,000 is AMAZING. And if you haven’t seen the bay views from here, you’re missing quite the site.

We then went down to Evangelines Way off Page Avenue. This property had BIG BOLD BAYFRONT views, and all the bells and whistles, from lavish baths, to exquisite kitchen finishes and upgrades to an elevator in every unit. One is listed at $2,250,000 (on the bay). The bay front unit we looked at was being marketed at $1,395,000 but the same unit could be built (with the same amenities) for $759,000 (NOT on the bay with no water views).

So, we then tracked over the Lesner Bridge into Ocean Park and viewed a duplex style condo on Jefferson which was being marketed at $698,000 and was located on the bay. We were disappointed though, as the dune in front of the house was so big that we couldn’t see the smallest glimpse of blue water and this unit consisted of the 1st and 2nd floors. Apparently, the other unit had the 3rd floor, and all the views. The hardwoods were nice, however the kitchen had teal counter tops and dated cabinets. Since views were important we didn’t even stay to look at the first floor.

Lynnhaven Inlet from the Lesner Bridge

We finished our tour in Chicks Beach at a jewel hidden down a narrow lane off Ocean View Ave. This was a pleasant surprise as well. The design of the building optimized the bay views which could be seen from any of the rooms. This unit was listed in the low $700′s.

The tour gave us all a very good idea of value and the price of a view coupled with amenity. If you’re considering a waterfront move in the next year or so, I would consider making the move now. You will not see prices for waterfront properties this low for many years to come.

I live, bike, boat and love it here, and I know you will too. Call me for a tour of the area! We can do it by bike or boat.

 

Are you an FHA buyer looking at condos? If so, think again…

Why many communities in VA lost their FHA certification.

Ok, so I show my first time home buyers a Homepath condo because I’m familiar with the many incentives Homepath offers, including no requirement for an appraisal or HUD approval. Well, even though my client has stellar credit, the Homepath automated underwriting denies my client, although they are over qualified to buy the home under FHA guidelines. So after almost two months, we are still waiting for FHA approval from HUD on the condo, and fighting to keep the transaction alive for my buyer client.

Why is this important to you,  because this could have been avoided. In May, HUD ‘de-certified’ every condo and townhome and required each to re-apply for certification, giving  notice about what was going to happen. The reason is the crash of the housing market.  FHA realized that a lot of delinquent and foreclosed properties were condos, so it tightened its rules to help limit liability.

So if you are considering purchasing in condo or townhouse communities, please realize that if the management hasn’t reapplied, units can’t be purchased with an FHA loan. This my friend hurts everyone, the owners trying to sell by limiting their buyer base and the buyers who can buy if the management didn’t apply for FHA approval.

Some condo associations immediately applied for recertification, but many did not. Some may have not realized they had to get recertified. The result is buyers are ineligible for FHA financing to buy these units and many sellers don’t understand how this limits their buyer profile.

We need to get the word out to condo owners, condo associations, property managers, and anyone who is involved in buying or selling a condos or townhomes. Is your condo community FHA approved? Go to HUD.GOV Enter a ZIP Code or just the city and state and a listing of every condo association pops up. If in the right column it says “expired,” it’s not FHA certified. Then it’s time to get in touch with your condo board or association. There’s a good chance they’re not even aware of the issue.

Click link for details on Condominium Approval Process for Single Family Housing.

3513 Club House Road, Virginia Beach, VA 23462

Gorgeous property on a golf courseWhat a great ranch style home on beautiful lot over looking the golf course. With approximately 1461 square foot of living space, this home boasts 4 bedroom & 2 baths, a large living room dining room combination, kitchen and family room with fireplace. Enjoy coffee and the birds from a large deck which flanks the family room accessible through french doors. Newer roof, new windows, new front door, french doors, larger than normal master bath. This home is a jewel!
Listing Price: 196000
Address: 3513 Country Club Rd
City: Virginia Beach
State: VA
ZIP: 23452
Location: Princess Anne Plaza
School District: Green Run
Age: 1967
Monthly Rent:
Square Feet: 1461
Bedrooms: 4
Bathrooms: 2
Type: Single Family
Style transitional/traditional
Parking: driveway spaces
MLS # (if any): 1132902