Hampton Roads Real Estate and Community News

Dec. 8, 2021

What's an Appraisal Guarantee?

White countertop with sea green tile backsplash & white vase with red flowers.  Text reads:  Real Estate Vocabulary, Appraisal Guarantee

What's that mean Wednesday: Appraisal Guarantee

The market is red hot, with demand up & inventory down, so buyers are doing whatever they can to make their offer more appealing than the rest. Many are deciding to write an Appraisal Guarantee into their Purchase Agreement. So, what's that mean?
When a buyer is using a mortgage to purchase a home, the bank will do an appraisal of the home to make sure the home value is worth the loan value.
With an appraisal guarantee, the buyer is guaranteeing to make up any gap between the appraised value and the purchase price.
For example: The purchase price is $300,000. If the bank appraisal comes in at $300,000 everything’s good to go. But if the appraisal comes in at $290,000, the buyer will have to come to the closing table with $10,000 to make up the difference.
Dec. 3, 2021

Should I get pre-approved before I start looking for a new house?

Green chair in front of white brick wall with text reading FAQ:  Should I get pre-approved now or after we find a home?

Should I get pre-approved first?

This is a question we hear a lot from our buyers.
The answer? Yes, do yourself a favor and get pre-approved now, before you even start looking at listings.

Why?

⓵ It can be heartbreaking, and ultimately a waste of your time, to look at houses that don’t fall within your budget. Working with a loan professional from the beginning, and having a solid understanding of your budget, will save you time and heartache later.
⓶ If you wait until after you find your dream home to get pre-approved, the time it takes to go through the pre-approval process may be the difference between the seller accepting your offer or someone else's.
Ready to get pre-approved now? Click here
What questions do you have about buying or selling a home?
July 1, 2021

2021 Fourth of July Events in Hampton Roads

 

The highlight of the summer, 4th of July, is nearly upon us!  So, how is Hampton Roads celebrating this year's Independence Day?  With lots of good old-fashioned family fun!  You'll find bike parades, live music, food trucks, and fireworks all over the Seven Cities this holiday weekend.  

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Posted in Community News
April 13, 2019

The 7 Best Herbs for Container Gardening

There are many benefits to growing herbs in containers.  They're easily accessible if your kitchen has a back door that opens to a porch or deck.  Different herbs have different moisture needs, so growing them in pots make it easy to manage the moisture level in the soil.  Of course, growing herbs in containers will also keep aggressive spreaders, like mint and lemon balm, under control and away from garden beds.   And if you have limited to no yard space, container gardening is a no brainer!  Here are seven of the best herbs for container gardening.

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Posted in Home Ownership
April 5, 2019

Your Home’s Spring Maintenance Checklist

 

Your Home’s Spring Maintenance Checklist [INFOGRAPHIC] | MyKCMSome Highlights:

  • Every spring, your home needs some extra TLC!
  • Whether you plan on selling your home this spring or not, conducting this maintenance will help ensure your home functions well for the rest of the year.
  • Your real estate agent will have a list of specific suggestions for getting your house ready for market and is a great resource for finding local contractors who can help!

 

 

Sept. 20, 2018

Apple Picking in Hampton Roads

 

If an autumn afternoon spent picking apples sounds practically perfect for your family, here's a list of U-Pick farms located in the Hampton Roads area.  

With a short growing season, farm fresh apples can be slim pickings in the Seven Cities, so we've included one (amazing) spot in Charlottesville.  

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Posted in Community News