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. 

Studio 56

Studio 56, located at Virginia Beach’s Town Center, the four story building is a stone’s throw away from the newly opened Sandler Performing Arts Center, a variety of restaurants, shops, movie theaters, gym, and Pembroke Mall. Access to I-264 is less than a mile away for easy commuting anywhere in the area.

 There are 14 units on each floor, ranging in size from 675 to 1,095 square feet. All units include track lighting, window coverings, all major appliances in stainless, granite counters, ceramic flooring in the baths, hardwood flooring, 11 ft ceilings with exposed conduit and sliding glass doors opening onto balconies. Then it is up to you to create your own masterpiece.

Sample units available:

1,029 square foot unit on 3^rd level for $364,264 or 4^th level for $377,581.
870 square foot unit on 2^nd level for $297,320, or 5^th level for $316,200
732 square foot unit on 4^th level for $256,272.

Old Virginia Beach Village

Old Virginia Village is a few short blocks for the breathtaking Atlantic Ocean, the Virginia Beach boardwalk, shopping and entertainment. Buyers can enjoy loft style living with open, spacious floor-plans or 3-4 bedroom ‘flats’ with a more traditional flair.

The Lofts feature living, dining, kitchen areas and one bedroom are completely open, allowing for uniquely divided living spaces or customize with your choice in wall options.

The Flats include open living, dining and kitchen areas for casual elegance and extreme livability.

Sample units available:
1,381 square foot Loft unit with 2 bedrooms on 2^nd floor for $369,900
1,472 square foot Loft unit with 2 bedrooms on 2^nd floor for $409,900
1,688 square foot Flat unit with 2 bedrooms on 3^rd floor for $469,900
2,490 square foot Flat unit on with 4 bedrooms on 5^th floor for $649,900

For more information on Virginia Beach real estate and loft living, call 866-222-0158 #550.

Images courtesy of Studio 56 and Old Virginia Beach Village.

Search all Virginia Beach real estate and condos for sale.

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.

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

Business Inventories

The report on business inventories basically gives a broader look at the durable goods, factory orders, and retail sales reports. Not only is this report an important part of the investment component of the GDP, but it also provides additional evidence about the economy in the upcoming months. Changes in business inventories slow as the economy approaches a peak, and rise as the economy approaches the trough of a recession. Therefore the change in business inventories is a leading indicator of GDP. The data for this report, which are published by the Department of Commerces Census Bureau, comes from a monthly survey of inventories, orders, and manufacturers shipments, in addition to the merchant wholesalers and retail trade surveys.

Not a great amount of attention is typically paid to this report due to the fact that much of the data is already available and surprises are rare. The only new information in this report is retail inventories. However, given the recent negative trend in mortgage bonds, this report may be more of an influence.

The potential for Virginia Beach mortgage interest rates to push higher is real considering oil price pressures and inflation concerns noted by Fed Chairman Bernanke. However there still remains some uncertainty and a possibility rates could bounce back a bit following the recent jump higher.

It is important to remember that interest rates tend to improve slowly while negative movements tend to happen fast and furiously. Capitalizing on interest rates at the current levels protects against uncertainty surrounding future interest rate developments.

Interested in learning more about Virignia Beach real estate and how mortgage interest rates affect your buying power? Give us a call, 866-222-0158 #550 or email us, Info@ButlerTeamHomes.com.

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

The Virginia Beach real estate market has it’s fair share of luxury homes.

They may not be ranches on hundreds of acres similar to the homes below, but the homes below don’t have waterfront settings with breath taking views either.

Take a look at the homes below and guess who owns each one… 

House #1 A 20-room mansion (not including 8 bathrooms) heated by natural gas. Add on a pool (and a pool house) and a separate guest house, all heated by gas. In one month this residence consumes more energy than the average American household does in a year. The average bill for electricity and natural gas runs over $2400 per month. In natural gas alone, this property consumes more than 20 times the national average for an American home.

This house is not situated in a Northern or Midwestern “snow belt” area. It’s in the South.

House #2 Designed by an architecture professor at a leading national university. This house incorporates every “green” feature current home construction can provide. The house is 4,000 square feet (4 bedrooms) and is nestled on a high prairie in the American southwest. A central closet in the house holds geothermal heat-pumps drawing ground water through pipes sunk 300 feet into the ground. The water (usually 67 degrees F.) heats the house in the winter and cools it in the summer.

The system uses no fossil fuels such as oil or natural gas and it consumes one-quarter the electricity required for a conventional heating/cooling system. Rainwater from the roof is collected and funneled into a 25,000-gallon underground cistern. Wastewater from showers, sinks and toilets goes into underground purifying tanks and then into the cistern. The collected water then irrigates the land surrounding the house. Surrounding flowers and shrubs native to the area enable the property to blend into the surrounding rural landscape.

Now, for the clincher: HOUSE #1 is outside of Nashville, Tennessee; it is the abode of the “environmentalist” Al Gore. HOUSE #2 is on a ranch near Crawford, Texas; is the residence of the President of the United States, George W. Bush. Is this an “inconvenient truth?”

You can verify it at: http://www.snopes.com/politics/bush/house.asp

Now to get back to Virginia Beach luxury homes. if this is the kind of setting you are looking for, we can help.

Search all Virginia Beach luxury homes for sale or to learn more about Virginia Beach real estate, visit our website, ButlerTeamHomes.com.

For more personal service, give us a call at 866-222-0158 #550.