Realtor Drick's Real Estate Blog

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.



This week REO properties on the market in Southside Hampton Roads hit 1099 or 11.53% of available inventory.  Of pending properties (those under contract but not yet closed), REO's still represent about a quarter of the count.  This is partly attributed to the fact that REO sales generally take l...
The holidays are often a bit slower for real estate agents.  I personally enjoy using the time to pick up some extra training to keep the skills sharp.  It's great to see that AR offers training, so look over the schedule and pick those that appeal to you.ActiveRain University offers a wide varie...
Some home owners become landlords and rent out their property for a set amount of time while they are away from the area and have every intention of returning to the house when they come back. This is particularly common when a military family takes orders overseas for a 3 year period. But how do...
When a tenant is given keys to the property, they generally sign for these keys and agree to return all of them when they vacate the property.  This is a good practice and the tenant should be charged if they fail to return all the keys given to them.  However, just getting the keys back isn't en...
Foreclosures in Southside Hampton Roads rose slightly this week as both a percentage and raw count while the non-REO inventory fell slightly.  Chesapeake added the most REO inventory with a 6.9% increase and Suffolk lost the most with a 4.1% decrease. If you are considering the purchase of a bank...
When a seller must sell their home through a short sale, it's important that the agent selected to represent them is EXPERIENCED at getting to the finish line on short sales.  Many agents will claim to have experience, ask for specific addresses of properties where they successfully represented t...
Things are starting to level off now with foreclosures in Hampton Roads.  This week, Suffolk had a 10% decrease in available REO's.  Overall, Southside Hampton Roads has 1062 REO properties on the market with an additional 8527 non REO listings available. If you are considering purchasing a forec...
Veterans include not only those currently serving and those injured in recent conflicts, but also those who served their country in peacetime to maintain a strong military and preserve that liberty and freedome we all enjoy. Take time to thank a Veteran today. On November 18, 1918, an armistice, ...
This week REO's rose slightly and non-REO's fell slightly in terms of the number of properties on the market.  Of the properties under contract, slightly less than 25% were REO's although REO's represent just over 11% of total available properties.  Suffolk had a 9% increase while Virginia Beach ...
If a rental property is located within a condo or home owners association, there are rules to be followed.  Because some of the rules apply to conduct of the residents, those rules will be applicable to the tenants.  However, if violations occur, it is the owner who is financially responsible.  A...

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