Real Estate

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

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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

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

Day 5 : Five Things You Didn’t Know That Could Get Your Home Sold In Williamsburg, VA

By: Williamsburg Military Insider

5. The freeway or subway you thought was too close. There is such a thing as a freeway or elevated train tracks being too close to your home; if your place rattles or roars, for example, every time the train passes, chances any buyer will view that as a selling point are pretty slim. However, homebuyer attitudes toward being located near freeways are a-changing. As gas prices inch upward buyers seem a tiny bit more interested in a location that is more commutable. Today’s buyers are more interested in financial and ecological efficiency and convenience. What might once have been seen as too close to the freeway has gotten a new spin, lately, as a highly convenient, commuter-friendly location.

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

Day 4 : Five Things You Didn’t Know That Could Get Your Home Sold In Williamsburg, VA

By: Williamsburg Military Insider

4. Your happiness. Video and even written love letters that show all the virtues for which you love your neighbors, your
neighborhood and your property are contagious to buyers. Sellers can help buyers see their homes through their own loving eyes by posting videos on YouTube and including the link on the listing flyer or even by putting a binder containing a letter plus menus and flyers from their favorite neighborhood
restaurants, dry cleaners and other local merchants out on the counter during
showings.

Wide-open curtains that let sun shine, light and bright paint and decor colors and other
home features that science has proven make residents more happy and functional
also create this thought process in a buyer’s mind.

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

Options for Active Duty Trying to Sell a Home in Williamsburg near Ft. Eustis and Langley AFB

By: Williamsburg Military Insider

U.S. home prices fell 4.2% in the first quarter of 2011, according to data from Standard & Poor’s Case-Shiller housing index, released on Tuesday. With the latest decline, prices have hit a new post-recession low, and are now comparable to mid-2002 prices. Hearing this today made me realize the options we have, when we are active duty and trying to sell a home.  I have reposted a  post I wrote in March when we had to decide what to do with the signficant drop of Market Value in our home. We did not qualify for Department of Defense Homeowners Assistance Program (HAP), but we decided to pick the best option and go for it.

First, I am getting past the frustration of not selling my home for what we paid for it in Williamsburg, VA in 2007. This is the biggest first step and obstacle to overcome.  Once you clearly state and accept the problem for what it is, you will be free to develop strategies and select the best option for your family. Notice, I didn’t say a “good option”… all of them are likely to come with difficulties.

Option 1:  If your home is currently listed to sell you can reduce the price of your home and come to the settlement with money.  I know this is hard to swallow, but consider the months the home could sit vacant as part of the costs.   If this option is viable “Go for it!” and have peace of mind.

Option 2: Consider renting your home, yes become a Landlord.  This could be a positive note. This could actually put you in a positive cash flow situation.  Do your due diligence on rental prices and the aspects of property management, but a light at the end of the tunnel.

Option 3:  Leave your family behind. Separating families is always a last choice.  But if the two options above do not work this could be a possibility. Personally I am about to experience this in a few weeks.  It is a tough choice but for the next year, we believe it is our best option for our Family.

The above options merely treat the symptoms of the current housing market.

As for my hero in my life he gives all he has to serve his country, and will do anything he could for it!

Active Duty Military, Home Buying Questions to Ask When Searching for a Home in Williamsburg or Hampton Roads.

By:Williamsburg Military Insider

With the state of the economy it has put a number of homes on the market, often below their original price. Active duty military with a PCS  move to Ft. Eustis or Langley AFB have a greater choice of homes to choose from, you’ll need to know what to look for in a prospective home on your home buying trip.

Is an older home a better value than a new one?

There isn’t a definitive answer to this question. You should look at each home for its individual characteristics. Generally, older homes may be in more established neighborhoods, offer more ambiance, and have lower property tax rates. However, people who buy older homes shouldn’t mind maintaining their home and making some repairs. Newer homes tend to use more modern architecture and systems, are usually easier to maintain, and may be more energy-efficient.

What should I look for when walking through a home?

• Do you see yourself living in this home today and for the foreseeable future?
• Are there enough bedrooms and bathrooms?
• Is the house structurally sound?
• Do the mechanical systems and appliances work?
• Is the yard big enough?
• Do you like the floor plan?
• Will your furniture fit in the space? Is there enough storage space?

• Does anything need to repaired or replaced? Will the seller repair or replace the items?
• Imagine the house in good weather and bad, and in each season. Will you be happy with it year-round?

Take your time and think carefully about each house you see. Ask your Realtor to point out the pros and cons of each home from a professional standpoint.

What questions should I ask when looking at homes?

Many of your questions should focus on potential problems and maintenance issues. Does anything need to be replaced? What things require ongoing maintenance (e.g., paint, roof, HVAC, appliances, carpet)? Also ask about the house and neighborhood, focusing on quality of life issues. Be sure the seller’s or Realtor’s answers are clear and complete. Ask questions until you understand all of the information they’ve given. Making a list of questions ahead of time will help you organize your thoughts and arrange all of the information you receive.

How can I keep track of all the homes I see?

If possible, take photographs of each house: the outside, the major rooms, the yard, and extra features that you like or ones you see as potential problems. And don’t hesitate to return for a second look.

How many homes should I consider before choosing one?

There aren’t a set number of houses you should see before you decide. Visit as many as it takes to find the one you want. On average, home buyers see 15 houses before choosing one. Just be sure to communicate often with your Realtor about everything you’re looking for. It will help avoid wasting your time.

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

Should I Buy a Home or Rent in Williamsburg Virginia

By: Williamsburg Military Insider

With mortgage rates at a record lows and housing prices remarkably low, it may be a very attractive time to buy a home in the Williamsburg area.  However, before you decide to take the plunge, think thoroughly.  There are several factors you should consider ahead of time very carefully.  First, how long do you expect to be in your new location?  If you are only going to be somewhere for a year or two, depending on the location renting may offer the most flexibility with the least risk.  Second, assess the market conditions of the new location carefully. Have your Realtor share the rental trends.   If you are planning on retiring or pursuing a civilian career after moving, you may consider purchasing a home because you will be there long enough to realize a gain in your investment.  In any event, nothing is guaranteed but thinking it out ahead of time will keep save you from making a potentially costly mistake.  Also, keep in mind that you may not always be comparing apples to apples. The house you are buying and the house you are renting are rarely comparable.  The Trying to predict the future of home prices or mortgage rates, both of which would impact, the rent –versus-buy decision, can be just as challenging. Consider your gut as well as the numbers.  You do need to be rational about the choice, but it is also based on your feelings about the kind of life you want. If you have any questions or need any assitance please feel free to contact me at jenniferhernandez@lizmoore.com

Orders to Ft. Eustis or Langley AFB: A Military Home Buyer’s Guide

By: Williamsburg Military Insider

You have just received orders to Ft. Eustis, Langley AFB, or Yorktown Navel and it is time to plan for your move across the country, or even across the planet. Under perfect circumstances, which of course don’t exist, this is a major undertaking. And moving gets considerably more complicated when the military member is deployed and the member or spouse cannot participate in the house hunting trip because of childcare concerns, work schedules or deployments.  I have posted a new page  “Military Home Buyer’s Guide.”

Home Buying Trip to Williamsburg, One less Worry :The Military Spouse Residency Relief Act ( MSRRA)

By: Williamsburg Military Insider

Are you a military spouse that wants to claim and maintain residency in a state irrespective of where your orders sent you. You are on your home buying trip to Williamsburg, looking at living near Ft. Eustis.  One less worry you can keep your home state too. The Military Spouses Residency Relief Act (MSRRA) allows military spouses to maintain their residency in their home state despite where their spouse’s orders take them.  This is a great benefit to military couples because it will enable flexibility.  However, before you make your decision Military.com recommends some factors you should consider:

  • Where do you want to vote?
  • Where do you want to register your car(s)?
  • Where will you file state income taxes or will you file them at all (several states have no state income tax)?
  • Will your residency choice affect tuition rates at a college or university?
  • Check the impacts on county and local taxes, fees and services.
  • Is your state of residency a community property state?
  • How will your state of residency affect your insurance rates – home, auto, business?
  • Ensure your will, Power of Attorney, and other estate planning will be valid in your state of residency.
  • Are there any college savings plans tax breaks in one state versus another?
  • How will a different residency affect you if you own or operate your own business?
  • Will property rights change if you opt for residency in one state versus another?
  • How will personal property taxes be affected if you change your state of residency?

These are some great questions to ask yourself before you decide what is best for you and your spouse.  The answers to these questions will directly impact your taxes, fees, car registration and communal property.  Therefore, definitely take the time to assess the impacts before you move.