Virginia Beach Real Estate News For Buyers And Sellers

"Surf to Sunsets" – Chesapeake, Norfolk, Suffolk, and Hampton Roads Homes, Foreclosures, and Condos For Sale

  • tel (757) 769-8444

Quick Search

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

filed under: General Articles posted on October 3rd, 2012

5 reasons to buy a virginia beach homeBased 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:

See all Just Listed Virginia Beach Zip 23456 Homes for Sale.
(all data current as of 10/25/2014)

  1. 2 beds, 2 full baths
    Home size: 1,020 sq ft
    Year built: 1987
    Broker reciprocity icon
  2. 2 beds, 2 full baths
    Home size: 986 sq ft
    Year built: 1988
    Broker reciprocity icon
  3. 2 beds, 2 full baths
    Home size: 1,283 sq ft
    Year built: 1990
    Broker reciprocity icon
  4. 2 beds, 1 full bath
    Home size: 400 sq ft
    Lot size: 400 sqft
    Year built: 1999
    Broker reciprocity icon
  5. 2 beds, 2 full baths
    Home size: 1,014 sq ft
    Year built: 1989
    Broker reciprocity icon
  6. 3 beds, 2 full, 1 part baths
    Home size: 1,498 sq ft
    Year built: 1984
    Broker reciprocity icon
  7. 2 beds, 2 full baths
    Home size: 1,283 sq ft
    Year built: 1990
    Broker reciprocity icon
  8. 2 beds, 2 full baths
    Home size: 1,106 sq ft
    Year built: 1991
    Broker reciprocity icon
  9. 2 beds, 2 full baths
    Home size: 1,303 sq ft
    Year built: 1988
    Broker reciprocity icon
  10. 3 beds, 1 full, 1 part baths
    Home size: 1,252 sq ft
    Year built: 1983
    Broker reciprocity icon
  11. 1 bed, 1 full bath
    Home size: 400 sq ft
    Year built: 2002
    Broker reciprocity icon
  12. 2 beds, 2 full baths
    Home size: 1,283 sq ft
    Year built: 1989
    Broker reciprocity icon
  13. 1 bed, 1 full bath
    Home size: 400 sq ft
    Lot size: 1,742 sqft
    Year built: 2000
    Broker reciprocity icon
  14. 3 beds, 1 full, 1 part baths
    Home size: 932 sq ft
    Year built: 1981
    Broker reciprocity icon
  15. 2 beds, 1 full bath
    Home size: 400 sq ft
    Year built: 1998
    Broker reciprocity icon

Listing information deemed reliable but not guaranteed. Read full disclaimer.

 

posted by Dennis Blackmore

Leave a Reply

Open houses near you:

CHAT
Google+