Virginia Beach Real Estate

Virginia Beach loft living will never compare to Manhattan's Soho, Chelsea or Tribecca, but 2 loft style condo communities in Virginia Beach offer stylish contemporary options to those not inclined to cutting grass and spending lots of time in the car. 

Studio 56 at Town Center has an urban sophistication, while Old Beach Village blends a traditional 'old beach' atmosphere with loft style living. So whether you are a culture buff or a beach bum, there is loft living designed just for you. 

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Norfolk Home For Sale With Boat Slip

9524 8th Bay Street, Norfolk VA 23518 

Vacation every day!  This is not just a house, this is a lifestyle.  This 4 bedroom, 2.5 bath house is on the channel to Pretty Lake and has a boat slip with a 10,000# boat lift.  Set sail from your boat slip and within minutes you're on The Chesapeake Bay.  Fantastic views of Pretty Lake from either deck, cathedral ceilings and skylights add to the airy and comfortable feeling of this transitional style house.  Fireplace, eat in kitchen, separate master suite level, 2 zone HVAC, utility room, and a home warranty too!

For more information about this home or other Virginia Beach and Norfolk real estate, visit ButlerTeamHomes or give us a call at 866-222-0158 #550 for more personal service. Search all virignia Beach and Norfolk home for sale.

When we think of termites, most of us think they are only active in the spring and summer months.   Although this is not the case, they do tend to swarm and become more active in most parts of the country this part of the year, and it is when most Virginia Beach real estate owners start thinking about them. 

Termites can silently and secretly destroy a home before you even see the first sign of evidence that these hungry home wreckers are even present.  And, contrary to popular belief, they don't just eat wood!

Check out this article to learn more about termites and the kind of damage they can cause.  This article is a great resource if you think you might have termites and aren't sure what to do about them. 

To learn more about Virginia Beach real estate, please call us at 866-222-0158 #550 or visit ButlerTeamHomes.com.  Search all Virginia Beach real estate homes for sale!

Mortgage bond prices fell pushing mortgage interest rates higher. Inflation fears were fanned by Fed Chairman Bernankes comments indicating "longer-term inflation expectations have risen in recent months, which is a significant concern for the Federal Reserve." Oil prices retreated to near $122 per barrel the early portion of the week only to bounce higher Friday with prices around $138 per barrel.

For the week, Virignia Beach mortgage interest rates on government and conventional loans rose by about 1/2 of a discount point.

The consumer price index Friday will be the most important event this week. Trade data and retail sales may also move the market. Expect oil and stocks to continue to factor into trading, as inflation fears remain a concern.

LOOKING AHEAD

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If youve turned on the TV or read the news in the last few months, you have certainly heard buzz about the supposed "credit crisis" taking over America. Tales abound of Virginia Beach real estate buyers being required to put 20% to purchase a home, or first-time buyers unable to find a lender to write them a loan. It seems the press just cant get enough of all the "misery" in the Virginia Beach real estate market. But is this whats really happening? Lets take a look at the facts:

Indeed, we are in the middle of what might be considered the biggest disservice ever perpetrated on potential home buyers. The truth is that mortgage money is as available today as it was a year ago and loans are being made with little or no money down. Wondering who these lenders are? They may be right down the street you just have to know where to look!

Federal Housing Administration (FHA) loans are making a huge impact on the mortgage industry; recent estimates show that about one out of five mortgages is an FHA loan. Although FHA loans never "went away," their re-emergence is a result of the collapse of the sub-prime market. Although the FHA doesnt technically require a minimum credit score, most lenders will not approve an FHA loan with a credit score below 500. That is still a far cry from the notion that an 800 score is the bare minimum for potential buyers.

Perhaps the biggest advantage of an FHA loan is that it requires only a 3% down payment. You read that correctly 3%! Moreover, that 3% can come in the form of a gift or grant. FHA borrowers only need to have $500 in a transaction. On top of all this, FHA mortgage rates are as good or better than their conventional counterparts.

Extremely competitive rates, low or no down payment, and easier qualifying. No wonder FHA is moving up the charts with Virginia Beach real estate buyers! Please call us at 866-222-0158 #550 or visit ButlerTeamHomes.com if you would like more information about FHA loans, a referral to a reputable local lender, or help getting into your first Virginia Beach home. You may also search Virginia Beach real estate homes for sale!

Also read:
Virginia Beach Real Estate: FHA Frequently Asked Questions

Seven Tips For First-time Virginia Beach Homebuyers

Virginia Beach VA Real Estate: 7 Reasons To Own Your Own Home