HUD Homes Virginia Beach

Sunday, June 21, 2009

Hello Hampton Roads,

Have you ever wondered about buying HUD homes in Virginia Beach? HUD Homes, Government Owned Homes and Bank Owned Foreclosure are all options buyers should consider.

HUD Homes are homes which have been foreclosed on and are now owned by the US Department of Housing and Urban Development (HUD). Just like bank owned foreclosures, HUD homes are sold "AS -IS" and can be bought at attractive prices. The difference between HUD Homes and Bank Owned Homes is that HUD homes are offered to an owner occupant first and then after an obligatory period, if the home does not sell, then it is offered to all buyers including investors. Other differences are that HUD may also offer priorty and discounts to buyers with special needs such as disaster victims (no downpayment mortgages and up to 100% discounts), and to Good Neighbor Next Door participants --ie teacher, police officers, firefighters and EMTs (50% discount for homes in revitalization areas).

All available HUD homes are posted on the internet for the public to see. For example, here are current listings for HUD homes in Virginia Beach. If you would like more information about any of these homes or are interested in viewing them, please feel free to contact me.

If you are interested in purchasing a HUD home, I can guide you through the process!

Visit my website to expand your search and view all homes for sale in Virginia Beach and throughout Hampton Roads.




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Serving your Hampton Roads and Virginia Beach Real Estate needs.

Houses For Sale Virginia Beach, VA

Sunday, June 14, 2009

Hello Hampton Roads,

There are many great houses for sale in Virginia Beach, VA that represent fantastic buying opportunities for the savvy home buyer or investor. If you are in the market to buy a home in Virginia Beach you want to keep your eyes open for bargains.  Feel free to search my site at http://www.virginiabeachrealestate.us/ or you can sign up for a Free Foreclosure List or email me for a more tailored search!

For example, below are a few of the homes currently for sale in the market today.
132 Osage, Virginia Beach, VA

Perfect Ranch Starter Home with Large Yard!
3BR/1Bth
Approx. 1008 SF
For Sale: $180,900





2637 Gaines Mill, Virginia Beach, VA

Spacious Family Home in Glenwood Area
4BR/2.5Bths
Approx. 2172 SF
For Sale: $237500





2704 Nicewood Ct., Virginia Beach, VA

Charming Colonial with Wrap Around Porch in Bentley Gate
4BR/2.5 Bth
Approx. 2728 SF
For Sale: $320,900





Each of the above homes for sale is BANK OWNED and is being sold at a discount compared with assessed value! For more information on buying bank-owned homes please see my earlier post "Things I Should Know About Purchasing an REO Home".

If you are interested in any of these homes or would like a complete list of bargain homes for sale in Virginia Beach, please contact me. No matter where you are in your home search, if you work like more information about bank owned homes or re-sale homes in our area, I look forward to the opportunity to work with you!
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Serving Your Hampton Roads and Virginia Beach Real Estate Needs

Who Qualifies As A First Time Home Buyer?

Sunday, June 7, 2009

Hello Hampton Roads,

There is good news for home buyers and especially good news for those who qualify as a First Time Home Buyers!  Record amounts of inventory make for a buyer’s market--according the latest Multiple Listing Service statistics from May 2009, Virginia Beach has 8.89 months of inventory on the market, which means that at today’s rate of home sales, it would take 8.89 months for all these homes to sell if no other homes came on the market (six months of inventory and more is considered a buyer’s market). Homebuyers have more properties to choose from and can therefore negotiate more to their benefit. First time home buyers are also rewarded by being eligible for the 2009 $8,000 tax credit!

Could an $8,000 windfall be in your future?

First let’s see if you qualify: “Who qualifies as first time home buyer?”

A first time home buyer is a buyer who has not bought a principal residence for the past three years. For married couples, this three-year period applies to both the husband and wife. Ownership of a vacation or rental property does not disqualify one as a first time home buyer since these properties were not used as a primary residence.

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Serving your Hampton Roads and Virginia Beach Real Estate needs.

Sidebar: For More Information about the First Time Home Buyer Tax Credit of 2009, please email me and I will be happy to email you a handout with more details.