Realtor Drick's Real Estate Blog

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Real Estate Agent - NEPTUNE REALTY - 0225-075558
Drick Ward's blog about all things real estate. Call Drick Ward, Broker Associate at Neptune Realty at 757-575-5156 for all of your real estate needs. Serving all 7 cities of Hampton Roads from Virginia Beach.

ARCHIVED BLOG POSTS

2010 

The past week brought a 2% increase in available REO inventory with a total of 975 REO properties on the market and 9146 non-REO properties on the market.  It seems Hampton Roads has been much more fortunate than many other areas of the country where the majority of available properties are forec...
08/29/2010
True professionals seek to add value, not just a thin coat of new paint. This is an important distinction.I participated in a Brokers Tour this week to show off my listing, which is a fabulous renovated cape.  My client purchased the bank-owned property, fixed all the plumbing and electrical issu...
08/28/2010
Condominiums offer an ownership opportunity to many home buyers who don't want the obligation of maintaining a yard and exterior.  However, when buying a condo, there are a few additional considerations that shouldn't be overlooked.  Obviously the condo fee may cover some utilities as well as the...
08/28/2010
4 Harbor Watch Dr Unit 516 Chesapeake, VA Click For Listing Website Click For Interactive e-Tour This spacious condo has 2 large master suites with third bedroom that would be great as an office. The living room has gas log fireplace and ample windows to let the light in and is open to the large...
08/27/2010
Many cities of Hampton Roads do not have to worry with septic systems, but there are still some properties that do have septic.  Particularly as we move out toward the rural (or what was rural 15 years ago) areas like parts of Chesapeake, Suffolk, etc.  When purchasing a REO that has septic, the ...
08/23/2010
In the past week, foreclosure inventory edged up slightly, still off from the highs several weeks ago but we may not yet be out of the woods.  REO inventory in Suffolk fell the most with 8% fewer REO properties available than the prior week.  Conversely, Norfolk had an 8% increase in available RE...
08/23/2010
I manage residential rental properties in Hampton Roads and rarely post the listings on Craigslist because it is known for scams, yet sometimes (and through some syndication feeds) my rentals find a way out there.  Most of the calls that come in are of much lower quality prospects and don't make ...
08/18/2010
I had a duty call several weeks ago from a young Navy couple moving into the area and looking to buy their first home.  When we got together, one of the listings my office had looked like a great fit for their needs and it was priced well too.  They wanted to research some additional information ...
08/14/2010
We may have turned the corner on Foreclosures as REO inventory edged down 1% this week.  That's right, 9.27% of the available inventory in the cities of Southside Hampton Roads are bank owned, down from a high of 9.6% just a few weeks earlier.  In fact, only Chesapeake had an increase in REO inve...
08/14/2010
I went to Trulia and logged in, said I'm in Virginia Beach, Virginia and their website informed me there are 1274 foreclosures in Virginia Beach alone.  I know this to be untrue, because at the moment I wrote this, there are 340 AVAILABLE foreclosures in Virginia Beach.  Since my background is in...
08/14/2010
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