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.



The Southside Hampton Roads market has a wonderful selection of REO properties on the market.  In the past week, the number of available REO's rose to 1215, or 13.14% of the overall market which includes 8030 non-REO properties.  Pending sales that have a contract with contingencies removed and a...
REO properties as a percentage of available inventory in Southside Hampton Roads (Virginia Beach, Norfolk, Chesapeake, Suffolk, and Portsmouth) edged up slightly to 11.83%, a 2.6% increase from the prior week.  Norfolk lead the gain with another 10 properties representing a 3.7% increase.  Chesap...
There is some confusion about the new filing requirements for IRS form 1099 as it pertains to landlords.  Hopefully this will clarify some of that.  IRS form 1099 is filled out by the entity MAKING PAYMENTS to another non corporation in excess of $600 in the calendar year.  One copy goes to the I...
As a provision of your lease, the tenant should be held to provisions outlined in a tenant handbook.  This handbook will serve two purposes.  First, it will reiterate and clarify some of the lease provisions such as responsibility to clean gutters, change air filters, or keep lawns tidy.  Outline...
The President's Debt Commission has recommended eliminating the home mortgage interest deduction for Americans, among other changes, as a means to resolve the financial difficulties of The United States.  It's likely safe to say that all lawmakers, as most Americans, claim this deduction and it's...

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