Homes For Sale

Active Duty Military in Hampton Roads, and Want to Play the Housing Game and Win!

By: Williamsburg Military Insider

Today’s military consumers face a real estate market that’s drastically different from the housing boom of just a few years ago.

But while the go-go days of soaring prices, bidding wars and fast transactions may be over, that doesn’t mean there aren’t good options for buyers and sellers. If you are planning to buy or sell a house soon, you still can develop a winning strategy and master the housing game.
If You’re Selling

Avoid sentimentality. You need to emotionally detach from your home when you begin contemplating selling. You don’t want to be thinking about all that went on in the home over the years. Today’s consumer needs to be logical about what they are doing so they can part with the home more easily.

Be realistic about pricing. Find a Military friendly agent and do evaluations of comparable properties that have sold nearby. Your Realtor can make recommendations for pricing your home.  You want to be careful and not overprice. There are a lot of choices out there, and you don’t want buyers to cast your home aside right away because of the price.

Think like a salesperson. Market where the people are: real estate and social networking websites. Be aware that potential buyers are judging your home from the street or from photos on the Web long before they get a closer look. You want to have good curb appeal and no clutter.  You want to make your home look inviting. Compare it to the competition — the other homes for sale in your area — and do what you can to make it better than the other homes the buyers are seeing.

Be flexible. Be willing to offer incentives, such as paying for closing costs, moving expenses, new appliances or upgrades. You don’t necessarily want to deeply discount your home. But  you do want to  keep in mind that you want to sell. Some things are worth holding out on, but don’t stand so firm on everything that you lose the deal.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763  e-mail me at jenniferhernandez@lizmoore.com

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The Time is now to Purchase a Home in Williamsburg, VA!

By:  Williamsburg Military Insider

Although in the past 12 months real estate inventory levels in Williamsburg have begun to shrink somewhat slightly, historically we still have an excellent selection. The best time to purchase your home is now, while the Williamsburg market provides the best combination of price and selection.

One of the most attractive benefits of purchasing a home today is the above average number of choices available.

If you are buying a new car, computer, lap top, refrigerator or any other consumer good, you can delay the purchase while looking for a lower price. Whether you are right or wrong about the future price of an item, you are still able to purchase that same item later. A home purchase is unlike any other acquisition a family can make. Homes are very personal. Your home is where your family lives. Different upgrades, the location, lot shape and size, orientation on the lot, and a host of other details are unique to the locale.

When more choices are available, you have a much better chance of finding the right home with more of the features you really want at an excellent price. As real estate prices rise again, buyer demand causes home inventory levels to drop. This makes it very difficult to find a home with the features you desire. Do not be left out of the booming home market. Check out the Williamsburg Listings today!

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763  or e-mail me at jenniferhernandez@lizmoore.com

2012 (BAH) Basic Allowance for Housing Rates Will Rise in Hampton Roads, VA.

By:  Williamsburg Military Insider

2012 Basic Allowance for Housing rates will rise an average 2 percent next year, here in Hampton Roads, to include, Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex.

See the rates

When rates go up, all service members in a given location get the increase. But when rates dip, the military’s “individual rate protection” policy ensures that troops already settled in a location will not see their BAH decrease for as long as they remain in that location, assuming no change in dependency status or a reduction in pay grade.

That policy assures that troops who have signed long-term leases are not penalized if housing costs in their area fall.

BAH rates remain high by historical standards. Until 2005, troops were expected to cover some of their housing costs out of their own pockets. But Congress changed the law, and now the Pentagon gives troops 100 percent of estimated housing costs for their area.

Median rental costs are only one factor in the complex formula officials use to determine BAH rates. It also includes the average utilities costs and renter’s insurance rates. The Pentagon analyzes that data annually for 365 U.S. housing markets, including Alaska and Hawaii.

The Defense Department will pay out a total of about $20 billion in BAH, a slight uptick from last year’s total of about $19 billion. More than 1 million troops receive BAH to cover housing off post or rent in privatized housing complexes on military installations.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com

When the House You Want to Buy Needs Some Love in Williamsburg VA.

By:  Williamsburg Military Insider

It’s the house you want most! Or is it?
When you find a house in Williamsburg you love that’s in some disrepair, you feel torn. On the one hand, you could invest some money, time and energy in getting it fixed. Or you could keep shopping the Williamsburg market in hopes of finding the same house in mint condition. Preview these tips to assess what option is best for you.

Follow your heart and buy this one.
If you love the house and it’s not dilapidated, purchasing the home with a VA Loan is an ideal choice. Of course, if it’s falling apart and the repairs seem insurmountable, you won’t love it anyway. At some point every home needs some fixing, so why not complete the restorations at the start? With a VA loan, you can finance the purchase of the home as well as energy-efficient improvements with an energy-efficient mortgage (EEM).
Talk to your Realtor
A military-friendly Realtor will guide you in the right direction. Great Realtors don’t mislead you into thinking the repairs on your favorite house are easy and cheap. They’ll be straightforward with you and suggest whether you should continue shopping the market or invest in the house that is in need of repairs.
Forget about this house.
The house of your dreams required no major repairs when you bought it. If it weren’t for the leaky roof, busted HVAC and outdated shutters, then it’d be tops on your list of homes you saw. But those repairs are all real and you’re ready to get into your new home, not into your home on which you’ll spend weeks fixing up. Keep shopping and hope that you find a similar styled home in better condition.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com

Tick or Treat! The Top10 HAUNTED HOMES for sale!

In my quest for the home of the week this week. I came across some amazing homes. The team at TopTenRealEstateDeals.com spent many hours  searching websites and talking to paranormal experts, ghost tour guides and real estate agents all across the United States to find the 10 scariest homes that are currently for sale. There are some fabulous homes available.  Take a look at these haunted homes from across the country.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 or e-mail me at jenniferhernandez@lizmoore.com

House of Representatives Urging Regulators to Look at Challenges for Struggling Military Homeowners.

By Williamsburg Military Insider

Today, I applaud the efforts of the House of Representatives in urging regulators to provide members of the military will full access to federal programs that help troubled homeowners and look for alternative measures to assist service members that are adversely impacted by the weak real estate market. The lawmakers specifically requested that the U.S. Treasury Department and federal regulators review the challenges facing military members who are forced to PCS and are at risk losing their homes.

Today, there are nearly 300,000 brave American men and women who serve our nation, overseas and often in harsh conditions and at grave risk.  Members are always concerned about taking care of families in case of combat deaths or injury as well as everyday concerns about finances, repairs, and emotional support.

Meanwhile, their loved ones are back home struggling to keep a semi-balance of “ normal” so the member can focus on the mission…and to provide their children with a somewhat stable home while mom or dad is away.

Service members and their families are often unable to sell their homes in time of their PCS move at prices that enable them to pay off their mortgage, and they cannot generate enough rental income to cover their mortgage.

The impact of housing is worsening family finances and it can have an adverse impact on the battlefield.  It is already stressful enough.  We need our armed forces focused on the mission at hand.  They should not be busy navigating or negotiating financing options from the war zone or placing additional stress on the spouse back home.

The impact on families is already great. It is an issue that cuts across all services, in all ranks, and in every region.  Strangely, there is no solution in the department and service levels. I know we can do something better to support our troops. So again I thank the Lawmakers who want more for our struggling military homeowners.

A link to the letter released. Committee on Government and Oversight Reform.

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 or e-mail me at jenniferhernandez@lizmoore.com

I am Active Duty Military …Why should I get a VA loan over other types?

By: Williamsburg Military Insider

Simply put, a VA Home Loan allows qualified buyers the opportunity to purchase a home with no down payment. There are also no monthly mortgage insurance premiums to pay, limitations on buyer’s closing costs, and an appraisal that informs the buyer of the property value, below are several benefits of a VA Home Loan:

  • Equal opportunity.
  • No down  payment (unless required by the lender or the purchase price is more than  the reasonable value of the property).
  • Buyer informed of reasonable value.
  • Negotiable  interest rate.
  • Ability to  finance the VA funding fee (plus reduced funding fees with a down payment  of at least 5% and exemption for veterans receiving VA compensation).
  • Closing costs  are comparable with other financing types (and may be lower).
  • No mortgage  insurance premiums.
  • An assumable mortgage.
  • Right to prepay without penalty.
  • For homes  inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance  to veteran borrowers in default due to temporary financial difficulty.

I am a REALTOR with Liz Moore & Associates  Also; I am part of the Liz Moore & Associates’ Military Team    which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex.  When you PCS to Hampton Roads, VA  you will find that I understand that when a family member joins the military, the entire family belongs…thank you  for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com

Impact of Housing Market on Military Families

By: Williamsburg Military Insider

Yesterday, NPR ran a story about the impact the faltering housing market has on military families. They mentioned that in some ways, military families are taking the brunt of the downfall.  Home values nationwide have fallen more than 30 percent since the height of the market, which means millions of people are underwater on their mortgages. But military families can’t control when they get orders to move. So one family has let its house go into default — and another is living apart.

Have you had experiences trying to sell your own home due to a PCS in the midst of the weak housing market? How did you deal with the challenge?

I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 or e-mail me at jenniferhernandez@lizmoore.com

Jennifer’s Pick of The Week…in Williamsburg, VA

I came across a really amazing home today, as I was out showing property. I wanted to share one I just thought was perfect for a family.  Mindful of its lovely setting, the grounds are enhanced with lush landscaping. The absolutely enchanting front porch over looks a tranquil landscape. The eat-in kitchen also has space for a dining table when you need a little more space or when you want to entertain.   I invite you to preview the home on line …which is located in the highly sought after Villages of Westminster.

I am a REALTOR with Liz Moore & Associates  Also; I am part of the Liz Moore & Associates’ Military Team    which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex.  When you PCS to Hampton Roads, VA  you will find that I understand that when a family member joins the military, the entire family belongs…thank you  for serving our Country, and I look forward to serving your real estate needs!

When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763   or e-mail me at jenniferhernandez@lizmoore.com

Active Duty Military ” Underwater” on Your Mortgage…Write your Congressman or Senator.

By: Williamsburg Military Insider

Today on Fox News Congressman Andrews talked about the HAP program (Housing Assistance Program) Congressman Andrews was asked why was the date July 1, 2006 actually chosen under the HAP Program if you know? Congressman Andrews answered “I think it was totally chosen out of the air and it doesn’t bare any relationship to the people struggling to hold onto their homes.”  Congressman Andrews is an advocate for the Military Family.  Congressman Andrews wants to get a lot more specific than that “ I want to specifically put the money in the Defense Bill so these families are not caught in this terrible situation they’re in right now.” The Defense Law will be signed September 30, 2011 this is the time to write to your Congressman and Senators and share your story.

Congressman Andrews also stated “My understanding is to take care of this entire problem would cost about 1 billion dollars. To put that in some perspective, every thirty-seven billion dollars is 1 percent of our budget. So this is 1/37 of 1 percent of the federal budget would cure this entire problem for all the deserving military families.  I think we should just do it and stop talking about it.”

 The next step is for people all around the country to talk to their house members and talk to their senators and say look, we’ve helped a lot of other people who needed help with their housing situation, the first on the list should be the men and women who voluntarily step forward to help serve this country in the military.” It is shameful, as far as I’m concerned, that there are people in civilian life that have been treated a lot better under these programs than people who step forward to serve in the military.”

 If you are moved or motivated write your Congressman or Senator today!

 Watch the interview.