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

filed under: Real Estate 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 4/24/2014)

  1. 3 beds, 2 full baths
    Home size: 1,496 sq ft
    Year built: 1984
    Broker reciprocity icon
  2. 5 beds, 4 full, 1 part baths
    Home size: 4,200 sq ft
    Year built: 2006
    Broker reciprocity icon
  3. 3 beds, 2 full, 1 part baths
    Home size: 1,940 sq ft
    Year built: 2004
    Broker reciprocity icon
  4. 5 beds, 4 full baths
    Home size: 4,004 sq ft
    Year built: 2007
    Broker reciprocity icon
  5. 4 beds, 4 full, 1 part baths
    Home size: 4,290 sq ft
    Lot size: 21,780 sqft
    Year built: 2003
    Broker reciprocity icon
  6. 4 beds, 2 full, 1 part baths
    Home size: 2,182 sq ft
    Year built: 1993
    Broker reciprocity icon
  7. 2 beds, 1 full, 1 part baths
    Home size: 1,088 sq ft
    Year built: 1983
    Broker reciprocity icon
  8. 5 beds, 2 full, 1 part baths
    Home size: 2,456 sq ft
    Year built: 1996
    Broker reciprocity icon
  9. 3 beds, 2 full baths
    Home size: 1,531 sq ft
    Year built: 1993
    Broker reciprocity icon
  10. 5 beds, 3 full baths
    Home size: 3,395 sq ft
    Year built: 2002
    Broker reciprocity icon
  11. 3 beds, 3 full, 1 part baths
    Home size: 2,870 sq ft
    Lot size: 6,534 sqft
    Year built: 1989
    Broker reciprocity icon
  12. 3 beds, 2 full baths
    Home size: 1,847 sq ft
    Year built: 2003
    Broker reciprocity icon
  13. 3 beds, 2 full, 1 part baths
    Home size: 1,344 sq ft
    Year built: 1982
    Broker reciprocity icon
  14. 4 beds, 2 full, 1 part baths
    Home size: 2,175 sq ft
    Year built: 1989
    Broker reciprocity icon
  15. 3 beds, 2 full, 1 part baths
    Home size: 2,400 sq ft
    Year built: 2014
    Broker reciprocity icon

The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. Real estate listings held by brokerage firms other than ERA Real Estate Professionals are marked by the symbol; detailed information about such listings includes the names of the listing brokers. Users of this Site are granted a limited, nonexclusive license to use the Site and its listing content for personal and noncommercial use only.

Real Estate Information Network, Inc. (REIN) updates its listings on a daily basis. Some properties which appear for sale on this website may have subsequently sold or may no longer be available.

All Information Deemed Reliable But Not Guaranteed.

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. This 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.

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions. This website does not include information on all of the properties available for sale at this time. Information is deemed reliable but not guaranteed. REIN has no control over the conditions under which broker member or any of the respective agents, employees, customers, clients, contractors or representatives use the sold listings information and does not and cannot warrant, and expressly disclaims any warranty with respect to, the accuracy or completeness of the sold listings information or performance or results that may be obtained by their use. You should not base any important financial decisions on this sold listings information, without independently verifying such information, or consulting with a professional real estate broker for assistance.

 

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The listing data relating to real estate for sale on this web site comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. Real estate listings held by brokerage firms other than ERA Real Estate Professionals are marked by the symbol; detailed information about such listings includes the names of the listing brokers. Users of this Site are granted a limited, nonexclusive license to use the Site and its listing content for personal and noncommercial use only.

Real Estate Information Network, Inc. (REIN) updates its listings on a daily basis. Some properties which appear for sale on this website may have subsequently sold or may no longer be available.

All Information Deemed Reliable But Not Guaranteed.

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. This 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.

Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings, user is advised to verify the accuracy of the listing information before making any financial decisions. This website does not include information on all of the properties available for sale at this time. Information is deemed reliable but not guaranteed. REIN has no control over the conditions under which broker member or any of the respective agents, employees, customers, clients, contractors or representatives use the sold listings information and does not and cannot warrant, and expressly disclaims any warranty with respect to, the accuracy or completeness of the sold listings information or performance or results that may be obtained by their use. You should not base any important financial decisions on this sold listings information, without independently verifying such information, or consulting with a professional real estate broker for assistance.

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