Five Reasons To Buy A Virginia Beach Home Now | Virginia Beach Real Estate News For Buyers And Sellers

Five Reasons To Buy A Virginia Beach or Hampton Roads Home Now

filed under: Real Estate posted on October 3rd, 2012

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a Virginia Beach or Hampton Roads home or condo than right now. Here are five major reasons purchasers should consider buying:

1. Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from.

The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy. Inventory in Virginia Beach and Hampton Roads has fallen consistently in 2012.

Search all Virginia Beach and Hampton Roads Homes and Condos Here.

2. Price Increases Are on the Horizon

Prices will bounce along the bottom this winter. However, projections call for appreciation after that. Several studies and surveys call for price increases over the next few years starting in 2013. One such survey shows that prices will increase over 10% by 2016.

3. Rents Are Skyrocketing

Rents historically increase by 3.2% on an annual basis. A study issued earlier this year projects rent increases of 4% for the next two years. Trulia recently reported that rents this year have actually shot up by 5.4%.

4. Interest Rates Are at Historic Lows

Federal Reserve Chairman Ben Bernanke has kept interest rates low in an effort to stimulate a lethargic economy. He understands that low rates will help housing and housing is a key to bringing back the economy. As the economy approves, the need to keep rates low will no longer exist. The 30-year-mortgage rate before the financial crisis was 6.57% (August 2007).

5. Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’. It’s time to buy.

Contact Dennis Blackmore with Creed Realty Virginia Beach for your Dream Home or Condo. A few of your dream homes are shown below:

Showing properties 1 - 15 of 250+. See more Just Listed Virginia Beach Zip 23456 Homes for Sale.
(all data current as of 6/18/2013)

$353,400 : Mm Legacy Ii Ava Way, Virginia Beach

4 beds, 2 full, 1 part baths

Home size: 2,561 sq ft

Year built: 2013
$249,900 : Mm C Cattail Ln, Unit C, Virginia Beach

3 beds, 2 full, 1 part baths

Home size: 1,800 sq ft

Year built: 2013
$250,000 : 3109 Nansemond Loop, Virginia Beach

4 beds, 2 full, 1 part baths

Home size: 2,317 sq ft

Year built: 1995
$1,100,000 : 200 White Cap Ln, Virginia Beach

9 beds, 5 full baths

Home size: 3,551 sq ft

Year built: 1972
$1,150,000 : 312 Pickerel Ln, Virginia Beach

5 beds, 4 full, 1 part baths

Home size: 4,531 sq ft

Year built: 2004
$536,100 : 2068 Kittridge Dr, Virginia Beach

5 beds, 4 full baths

Home size: 3,378 sq ft

Lot size: 20,037 sqft

Year built: 2013
$615,000 : 2252 Rio Rancho Drive, Virginia Beach

5 beds, 4 full baths

Home size: 3,924 sq ft

Year built: 2004
$420,000 : 2429 Hillcrest Meadows Ln, Virginia Beach

4 beds, 3 full, 1 part baths

Home size: 2,881 sq ft

Lot size: 38,768 sqft

Year built: 2003
$424,900 : 1129 Cordova Court, Virginia Beach

5 beds, 3 full baths

Home size: 3,000 sq ft

Year built: 1988
$425,000 : 925 Corrente Ln, Virginia Beach

5 beds, 3 full, 1 part baths

Home size: 3,841 sq ft

Year built: 2000
$298,000 : 2317 Londale Ct, Virginia Beach

4 beds, 2 full, 1 part baths

Home size: 2,095 sq ft

Year built: 1988
$351,700 : Mm Landmark, Virginia Beach

4 beds, 2 full, 1 part baths

Home size: 2,400 sq ft

Year built: 2013
$239,900 : 3426 Misty Dawn Ct, Virginia Beach

3 beds, 2 full baths

Home size: 1,554 sq ft

Year built: 2004
$579,000 : 2536 Bombay Lndg, Virginia Beach

5 beds, 4 full baths

Home size: 3,358 sq ft

Lot size: 18,730 sqft

Year built: 2008
$619,900 : 3172 Indian Plantation Dr, Virginia Beach

4 beds, 3 full, 1 part baths

Home size: 3,506 sq ft

Year built: 1999

The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent.

©2012 REIN. REIN's listings data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW.

REIN updates its listings on a daily basis. Data last updated: 6/18/13 2:18 PM PDT.

All Information Deemed Reliable But Not Guaranteed.

Some or all of the listings (or listings data) represented in this application have been enhanced with data not provided by REIN. The enhancements are as follows: mapping, demographics, economics, school information, neighborhood information, and stores & restaurant information. The sources of these enhancements are: Google, Zillow, Walk Score, Great Schools, and Sperling's BestPlaces

The map statistics are compiled from REIN data

Virginia Beach Real Estate News For Buyers And Sellers
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posted by Dennis Blackmore

This entry was posted on Wednesday, October 3rd, 2012 at 5:44 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.