Today Real Estate in Hampton Roads is like a maze. When you enter a maze you may have to keep going back to your starting point and starting over to take a new path to get to the end. In this current market Sellers may find themselves relisting several times before they have a successful sale and buyers may write several contracts before closing on a home.
There are a few reasons for this in and out maze like behavior. Sellers and listing agents have to use every trend and tip in the book to find and attract buyers. The simple fact that the tax credit expired April 30th and many loan guidelines have been changed caused many buyers to be uncertain of the market and now we have a massive reduction of ready, willing, and able buyers. While sellers are waiting for a sale we are starting to see properties that have been sitting for months and a few for years. During this time sellers may also have to entertain more than one offer to find one they can net the correct amount on because offers are coming in very low. Another maze like issue for sellers is trying to keep up with the competition often huge and several price reductions are involved. Buyers are watching for low interest rates accompanied with a great DEAL. Buyers who frequent short sales (preforeclosures) and bank owned properties are often getting the run around.
The maze affect that buyers encounter could be one of many the most common are: Short Sales can take weeks and sometimes months for an approval to sell from the time an offer is written. Many buyers loose patience on the waiting process and go on to another home. Often bank owned properties appear to be a great deal but usually after inspecting the properties closer often buyers go running away. This causes buyers to look at multiple properties. This is simply a trend our Hampton Roads cities are not used to after record sales in 2003 thru 2007. The slow decline in 2008 through 2010 has everyone asking are we at the bottom yet? Many banks and forecast express different opinions but meanwhile serious buyers and sellers in Hampton Roads will continue to wander thru a real estate maze.
“I can dream alone, build alone and strive alone, but true success always requires the help and support of others. Please send me your referrals.”
Visit my website today, The Hampton Roads Real Estate Lady! Deandrea “Dee Dee” Jones
Today May 20th is the first day to register for a FREE preschool pass to Busch Gardens good for kids 5 and under. go to http://Buschgardens.com/va to register.
Print your voucher online and to redeem your voucher for your free ticket you will need to bring the voucher and a certified copy of your child’s birth certificate to the front gate ticket window and you will be given a pass good to September 6th, 2010.
Pass is good at Busch Gardens Williamsburg only.
Park is promoting the new Sesame Street themed play land called the Forest of Fun. Filled with characters from Sesame Street and kids sized activities to entertain little people.
Don’t miss out on your free ticket!!! This info provided by Dee Dee Jones The Hampton Roads Real Estate Lady DjonesRealEstate.com Wainwright Real Estate Virginia Beach, VA.
Its that time of year. Grab your lawn chair, pack up your kids and head over to City Park in Chesapeake, VA.
This Thurs, Fri, Sat, and Sun May 21-23rd there is a $2.00 admission at entry kids 5 and under are free. Inside you will find carnival rides, food, concerts, food, Crafts, Art, and there is an annual BBQ competition. Headliners like Steel Pulse, Tonic, and Rodney Atkins will be performing.
Amusement rides have a cost per ride fee, on Sat Only, you can by an all you can ride wrist band for $20.00 but they must be purchased before 2pm.
City Park is located at 900 Greenbrier Parkway Chesapeake, VA 23320
Just look for the line of cars trying to park. A fireworks display will start around 9pm on Saturday May 22nd.
This info provided from The Hampton Roads real Estate Lady! Hope to see you there!
Just somethiing to make you laugh reblogged by The Hampton Roads Real Estate Lady!
A friend of mind sent this to me in an email “interesting”
The economy is so bad that:
I got a pre-declined credit card in the mail.
I ordered a burger at McDonald’s and the kid behind the counter asked, “Can
you afford fries with that?”
CEO’s are now playing miniature golf.
If the bank returns your check marked “Insufficient Funds,” you call them
and ask if they meant you or them.
Hot Wheels and Matchbox stocks are trading higher than GM.
McDonald’s is selling the 1/4 ouncer.
Parents in Beverly Hills fired their nannies and learned their children’s
A truckload of Americans was caught sneaking into Mexico .
Dick Cheney took his stockbroker hunting.
Motel Six won’t leave the light on anymore.
The Mafia is laying off judges.
Exxon-Mobil laid off 25 Congressmen.
Congress says they are looking into this Bernard Madoff scandal. Oh Great!!
The guy who made $50 Billion disappear is being investigated by the people
who made $1.5 Trillion disappear!
I was so depressed last night thinking about the economy, wars, jobs, my
savings, Social Security, retirement funds, etc., I called the Suicide
Lifeline. I got a call center in Pakistan , and when I told them I was
suicidal, they got all excited, and asked if I could drive a truck?
Just a funny saying people!