What you need to know about contingencies.

Contingencies are legal clauses stating that certain requirements that must be met before the contract can go to settlement. Contingencies protect the buyer’s interest, and allow the buyer to terminate the contract and keep their earnest money (deposit given at the time of a ratified contract). We have broken down the different types of contingencies … Continue reading “What you need to know about contingencies.”

Effective July 1, the grantor’s tax in Northern Virginia and Hampton Roads will increase.

The legislature passed a 5 cent per $100 increase in Northern Virginia and a 6 cent per $100 increase in Hampton Roads to be used for their regional transportation projects. The Governor’s proposal had included a 10-cent increase in both regions and NVAR successfully lobbied to have theirs reduced to 5 cents. The Realtor® associations … Continue reading “Effective July 1, the grantor’s tax in Northern Virginia and Hampton Roads will increase.”

Our Homes are Selling as Fast as Disinfecting Wipes !

It’s a good time to sell a home. Just as the outbreak hit, the Federal Reserve lowered interest rates to stimulate the economy. On top of low inventory. Low interest rates aren’t just a helpful poke for would-be buyers to consider your home for purchase. As you look to your purchase your next home, you … Continue reading “Our Homes are Selling as Fast as Disinfecting Wipes !”

Listed for $274,900

Beautifully renovated 4 bedroom 2 bath home in quiet neighborhood. Centrally located in Virginia Beach, access to interstate and schools. Fully remodeled kitchen and baths, Open Floor Plan, New Floors, New Windows, New Roof, New Heat Pump, New Doors, New Garage Door & Opener, New Paint, Granite countertops, S/S appliances, Tub w/tile surround, New Fixtures, … Continue reading “Listed for $274,900”

Tips for our Sellers and how the Coronavirus is effecting our market

The CDC reports that most people in the United States do not have an immediate risk of exposure to the virus. However, the situation is rapidly evolving, and the CDC will update its risk assessment as needed. Visit the CDC’s website for latest updatesWe may see a slowdown in traffic and home sales transactions. However, … Continue reading “Tips for our Sellers and how the Coronavirus is effecting our market”