Norfolk Home Sales and Listings

Top 10 Green Building Trends for 2010 / Great RePost of Green Blogs / http://www.fixr.com/blog/

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2010-07-14T20:15:00Z

Top 10 Green Building Trends for 2010

Posted by fixR on 1/20/10 • Categorized as Articles

Green building is taking over, not only because it is the more environmentally responsible way to build, but also because it saves money on energy costs and creates a healthier environment to live and work in. At the beginning of the year, Sean Penrith, the executive director of the Earth Advantage Institute, a non-profit green building certification organization in Portland, published a list of the top green building trends to watch out for in 2010 (pdf). The trends and technologies listed after the jump are either really popular already or are very likely to hit it big. Regardless though, if you are looking to build anything this year, be sure to consider these technologies.

1. Smart Home Metering Systems

Information is knowledge, so if you know how much energy your home is using, you can adjust to use less. Even better are smart monitoring and metering systems that automatically adjust to optimize the use of energy in your home. These monitors, which show real-time energy use, will also eventually communicate with the grid reducing power when needed. These devices, like the Onzo Smart Energy Kit, Google PowerMeter, EnergyHub, and Green Energy Options Trio, and other technologies like these are very likely to become standard on all new houses.

2. Home Energy Performance Rating

In some states like Oregon and Washington, it may soon be law that homes are required to have an energy rating when they sell, just like how cars have a fuel efficiency. When home buyers are informed of how energy efficient a home is they can make better choices when shopping for their next home. Energy Star runs the Home Energy Rating System, Oregon has the Energy Performance Score, Texas has the Home Energy Rating Organization, and more states are soon to follow. Soon, you can even expect to see home performance scores on the home listings like the MLS.

3. Building Information Modeling (BIM) Software

BIM software is utilized during the design of buildings to optimize all aspects to increase energy efficiency. Architects and designers can model how a building will behave given certain environmental conditions, materials, solar orientation, renewable energy, HVAC systems, dimensions and size, lighting and more. Experts expect that the use of BIM by architects, designers and builders will become more widespread and even more accurate. Some of the programs being utilized include, DOE’s Energy Plus along with Google SketchUp’s OpenStudio plugin, and Autodesk’s Green Building Studio

4. Financial Community Seeing Green

Lenders and insurers not only see the importance of green building, they’re also willing to buy into it because it will help them save money in the long run. Green buildings have lower operational costs, have healthier interiors, and are doing their part to reduce climate change, which is a great risk to insurance companies. Insurers and lenders also feel that green home owners, for the most part, are more responsible, less likely to default, and more likely to maintain their property. Fireman’s Fund, for example is one of the first insurers to offer coverage for innovative green buildings.

5. Downsizing of Homes

One major trend lately is the building of smaller homes compared to the McMansions of yesteryear. Larger homes are not only more expensive to build, but much more expensive to maintain and operate. Families are seeing that they don’t need nearly as much space as before and can make do with more appropriately sized homes. You may be familiar with the book series, Not So Big House, blogs like the Tiny House Blog, the Small Living Journal and more that have helped popularize the movement and encouraged people to look for and build smaller homes.

6. Growth of Eco-Districts

Cities around the world are beginning to think and built holistic communities with green buildings, gardens, pedestrian orientated streets, public transit, bike lanes and open space. These eco-districts are not only about environmentally friendly buildings running off renewable energy, they are geared towards creating a community of people who have similar environmental ideals. Examples of this abound, like Masdar City in Dubai, net-zero neighborhoods like this one in Boulder, Dockside Green in British Columbia and many, many more.

7. Increased Water Conservation

Even more important than energy conservation will be water conservation. Already millions all over the world do not have access to clean drinking water, and even here in the US, states in the Southwest are experience droughts and water shortages. Water conservation will be paramount and organizations like the EPA’s WaterSense program are working to bring water conservation technologies to the masses. The WaterSense program, works very similarly to the ENERGY STAR program and lets consumers know which fixitures, like shower heads, water faucets, toilets and landscape irrigation use less water.

8. Carbon Footprints for Buildings and Processes

With buildings contributing roughly half of the carbon emissions, everyone is looking for ways to reduce carbon emissions either through better management of building processes, energy efficiency and construction practices. But first we must be able to reasonably calculate and monitor emissions from the building industry. Carbon emissions and building experts are quickly working to create accurate carbon calculators for the building industry, which will become even more important if a cap and trade program is implemented. Check out Build Carbon Neutral and Rocky Mountain Institute’s Green Footstep.

9. More Net Zero Energy Buildings

Net zero energy buildings are a very popular trend, because they generate more energy than they use over the course of a year. The buildings are not only built to be very efficient and tight, but they also generate their own power through renewable energy like solar or wind. One increasingly popular standard is the Passive House standard, which was originally started in Germany. These houses are so efficient, that often they don’t even need a heating system and rely on the excess heat from appliances to keep the home warm. Net-zero homes are becoming more cost effective as the cost of renewable energy technologies are coming down. The US DOE sponsored Solar Decathlon this last fall as well as this LEED Platinum net zero home in Chicago are both excellent examples of net zero homes.

10. Green Building Education & Training

With the slower economy, people are taking advantage of the down time to learn new skills, trades and become certified as experts in the green building industry. Training for renewable energy systems like solar panels is incredibly popular as is becoming a LEED Accredited Professional, who is trained to help consult on and certify green buildings. There are many other ways to become in the growing green building movement, like learning more about becoming an organic gardener, landscape designer, green interior designer, an ecobroker and more.

Share your thoughts.
http://www.fixr.com/blog/

Bridgette is a sustainability consultant who helps individuals and businesses to reduce their environmental impact. She graduated in June 2007 from Stanford University with her masters in Civil and Environmental Engineering in their Atmosphere and Energy Program. She also has a BS in Mechanical Engineering from San Diego State University. She has spent time abroad in Germany working for a wind turbine manufacturer, a kitchen assistant at a culinary school in New York City, a private chef and gardener in Oklahoma, and a waitress and ski bum in Utah. Bridgette currently lives in an aspen grove in Park City, Utah. During the winter her home is covered in 12 feet of snow and in the summer she walks directly from her house to hiking trails. She has a puppy named Cooper and is married to the man of her dreams, who also happens to be a firefighter/paramedic. She is the founder of Simple and Sustainable, a sustainable living coaching service that helps individuals make sustainable living simple. She is a contributing writer for Inhabitat, Ecouterre, and LowImpactLiving. She is also currently talking herself into writing her first novel - obviously something environmentally related.

June 2010 Updated Guidelines Real Estate 8K Rebate : Repost:

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2010-06-19T16:35:46Z

Repost:June 2010 Updated Guidelines Real Estate 8K Rebate

/16/2010, 2:19 p.m. CDT

ANDREW TAYLOR

The Associated Press

(AP) — WASHINGTON - The Senate has approved a plan to give homebuyers an extra three months to finish qualifying for federal tax incentives that boosted home sales this spring.

The move by Senate Majority Leader Harry Reid would give buyers until Sept. 30 to complete their purchases and qualify for tax credits of up to $8,000. Under the current terms, buyers had until April 30 to get a signed sales contract and until June 30 to complete the sale.

The proposal would only allow people who already have signed contracts to finish at the later date. About 180,000 homebuyers who already signed purchase agreements would otherwise miss the deadline.

The Nevada Democrat added the proposal to a bill extending jobless benefits through the end of November.

Bill Gordon, REALTOR ®

Team Norfolk

Keller Williams Realty

Norfolk KW Campus
2200 Colonial Ave.
Norfolk, Va 23503

Direct: 757-477-4013

Email: BillGordon@Mobile757.com

Go To: Bill Gordon’s Website

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Time to Buy Your Vacation Beach House?

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2010-04-29T23:19:19Z

I was at a local restaurant with a few other Realtors and the conversation somehow went to today's prices in the Willoughby and Ocean View Beach areas of Norfolk. The group agreed that if you are one of the people that survived the real estate bust and you have the qualifications to purchase a second home or vacation home or condo, now is the time.

There are many homes and condos that are currently available. Some foreclosures are going for up to 50% of current city tax assessment. Contact Team Norfolk for the most current inventory in Willoughby and Ocean View. Do you believe what many say is now the bottom of real estate market? If your answer is yes, then it's time to get that great deal on a vacation home.

My name is Bill Gordon and I belong to the Keller Williams Real Estate Network. If you are more comfortable working through your local Keller Williams Agent and you live out of the area, please have them contact me. Our KW Coastal Network covers ALL beaches on both coast of the country. Live the Dream!

Contact Bill Gordon / Google Voice 757-599-1752

Keller Williams Realty

Team Norfolk

Bill Gordon REALTOR

The Blank Page

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2010-01-01T04:20:00Z

2010 has the possiblity to be the best year of your life. Just remember to "accept the good." this article was shared with me today and I had to share with others. First allow me to acknowledge the author and copyright. Copyright, 2009, by Daryl R. Retweet; Gibson and WeekdayWisdom.com. All rights reserved. Permission is hereby granted for the use of this document as long as it retains this copyright and all lines and images remain intact.

Some writers say that one of the most terrifying things for them is the "blank page" -- the nothingness that greets them at the start of a project or article. Others relish the blank page -- they see how it allows them possibilities, for with a blank page, anything is possible.

The start of a new year is like that blank page.

For some people, the dawn of a new year is fraught with anxieties -- what will the year bring? Will it bring turmoil and calamity, financial ruin and physical pain?

For others, the dawn of a new year is like the dawn of a new day -- a blank canvas of opportunity and challenge, untapped potential and unknown possibilities.

For both persons, the year itself is the same -- the difference is the hope or the dread they assign to the possibilities awaiting them.

For this new year, make our outlook be full of hope and joy. For the new year, think of the possibility of growth and challenge.

Life is what you make of it -- we are all given challenges in our lives, and no life is immune from pain or suffering. But each of us can decide how we greet the future that awaits us.

Never be terrified by the blank page that awaits you. Look at the blank page awaiting you as a chance to write a masterpiece.

Look at the year ahead as the opportunity to create a masterpiece of a year

2010 Facebook Cell Phone Virus Hoax?

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-12-31T23:02:00Z

My cell phone is sending warnings to people concerning a Facebook Virus. So far I've searched the top three, Google, Yahoo and Bing to try to find answers but there was nothing written yet. The virus is from a friend on my personal facebook site or on a niche marketing facebook site.which refers to my Norfolk Homes for Sale Site and Phone. It simply sends message to other Facebook users, telling them to beware of a Facebook Virus. My cell phone company is Sprint.

I'm concerned to what problems, if any, this will cause. Do we now have to be concerned with buying cell phone anti virus protection? Does this virus jump to non-facebook users via thier cell phones. If anyone has any answers or are experiencing the same, please place a comment. Hopefully this is only a 2010 New Years Hoax, but it does raise questions on how to protect our cell phones in the future.

A Happy Christsmas Thought

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-12-23T13:29:00Z

“And the Grinch, with his Grinch-feet ice cold in the snow,
stood puzzling and puzzling, how could it be so? It came without ribbons.
It came without tags. It came without packages, boxes or bags.
And he puzzled and puzzled 'till his puzzler was sore.
Then the Grinch thought of something he hadn't before.
What if Christmas, he thought, doesn't come from a store.
What if Christmas, perhaps, means a little bit more.”

Dr. Seuss quote

What Matters Now / Set Your Sights on the Future

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-12-18T11:35:00Z

This is a Retweet - AKA Re-Blog: What Matters Now is the work of more than 60 people with big ideas and something to say. It will inspire you to make some changes in 2010, and to keep doing work that matters. Please download it and share it with your colleagues.

Homes.com and Team Norfolk Real Estate Sales

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-12-15T18:00:00Z

Yesterday I saw a few postings on Facebook, telling me that Facebook was to release my information to Google. Initially I thought this was another fraud type posting but today I found out that there is truth in the announcement. Also I found out the Google is doing a Real-Time search that will list results from Twitter, Facebook and maybe a few others. This blog is just for test purposes to see how it works and also to find out the changes in SEO that may be necessary to have a well optimized site. In addition, how or if this change will affect the Google Adwords program. Currently I have www.homesalesandlistings for my personal site and for the Dominion Enterprise Homes Division, we use www.homes.com. Homes.com gets over 4 million hits per month and, I must say, It's great value for branding, listing and overall marketing exposure. Again, This blog is for my research to help me understand how this system works. If anyone has feedback on what to expect, I'd love to hear from you!

Norfolk's Ghent Living - Sub-Urbia Real Estate

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-12-04T17:13:00Z

What a pleasant surprise it was when I teamed up with a group of experienced REALTORS and added Ghent as one of my Primary Market Areas. Working with "Team Norfolk" , I can still concentrate my efforts on the Ocean View and Willoughby Areas of Norfolk, but now I am able expand my horizons. By working in a team environment I am able to get more accomplished and assist my customers with additional real estate and Norfolk neighborhood knowledge.

Ghent is filled with Art and Culture, Fantastic Restaurants, Historical Homes, Churches, Synagogues, and other traditional and non-traditional edifices. In addition Ghent has a close proximately to Chrysler Museum, Harrison Opera House, Eastern Virginia Medical School and ODU.

Ghent has a nice blend of urban suburbia with trendy restaurants and shops within walking district of established neighborhoods. It's deep in history but vibrant with progressive living styles. Ghent offers the best of both worlds. Ghent is forward and trendy but blended with history. It's old Norfolk with a modern touch. I could easily compare it to Georgetown or pedestrian friendly Boulder, Colorado. But Ghent has its very own personality.

Ghent is old established homes but within the framework of history and mobility. This is Norfolk's version of Sub-Urbia. It's the Art in heart of Norfolk. A Blend of traditional and non-traditional, vibrant, striving but it’s a place where you can be laid back, trendy and true to yourself while enjoying city comforts, nestled in this quite Norfolk Suburb. Please contact Bill Gordon at www.homesalesandlistings.com for information concerning homes, condos and co-ops for sale in the beautiful community of Ghent.

One of the Possible Foreclosures in Hampton Roads? All is Not Lost!

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-08-18T11:38:00Z

One of the Possible Foreclosures in Hampton Roads? All is Not Lost!

Thanks to President Obama's ambitious plan to improve the housing market, being on the list of foreclosures in Hampton Roads doesn’t necessarily mean that foreclosure is inevitable. You have options, and the President’s loan modification program makes keeping your home even more possible.

Overview of the Plan
The President’s plan to reduce foreclosures in Hampton Roads is based on the thought that struggling homeowners wouldn’t sell their houses if they could only make the monthly payments. Due to this belief, participating lenders are required to reduce monthly payments for homeowners who qualify until they’re no more than 38% of the homeowner’s monthly gross income. After that, the government lends a helping hand. Between the lender and the government, the mortgage payments would be dropped to no more than 31% through various means (extension of the loan, reduced interest rate, etc).

Even with the 31% threshold, many are afraid that’s not enough incentive for homeowners to keep up payments on a depreciating home. They speculate that homeowners may default on the loan anyway. To cover this possibility, the administration is offering cash incentives to lenders and struggling homeowners.

Each lender that participates will receive $1,000 per loan modification. Those lenders will also get an annual $1,000 for up to three years as long as the homeowner keeps their payments up. For homeowners facing foreclosures in Hampton Roads, the good news is that borrowers can get their principal lowered by $1,000 per year for up to five years. Again, however, it depends on whether they keep their payments up.

You May Qualify
This is fantastic news for many. If you’re facing foreclosure due to financial hardship, you may qualify for loan modification under the administration’s plan. If you live in the home, the principal balance still owed is less than $729,750 and you received the loan before January 1, 2009, you’re eligible. Be aware, however, that you have to prove that you live there, that it’s your primary residence and that you’re having a financial hardship.

If you’re behind on your mortgage or facing foreclosure, I can help you figure out your options. Time is of the essence, so give me a call now at 757-477-4013

Turning Away Buyers for Your Hampton Roads Real Estate?

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-08-09T11:27:00Z

Turning Away Buyers for Your Hampton Roads Real Estate?

You don’t have to! Many sellers are turning away buyers for their Hampton Roads real estate because the buyer can’t get the necessary financing. Understandable, but remember, the downturn in real estate has definitely made it a buyer’s market. Simply put, you may have trouble finding another one.

So what’s the “holy grail” of options? What can you do to sell your home when nobody can afford to buy it straight out? It’s called “owner financing”, or “Owner Will Carry” in real estate terms. In other words, you finance the sale. It’s not the end-all, be-all answer, but it’s worked for many as a win/win situation, and here’s why:

· Maintenance – Owner financing isn’t the same as “rent to own”. Once the contract is signed, you no longer have to worry about keeping up repairs.
· Interest – One of the nice things about owner financing is that, since you’re lending money to the buyer, you can charge interest on that loan.
· Quit Claim Deed – You can require the buyer to sign a Quit Claim Deed, which goes into the escrow account with additional instructions. The Quit Claim Deed allows the Hampton Roads real estate to be restored to you if the buyer is late with payments by a set amount of days. In this event, the buyer loses the title, as well as all payments they’ve made. Not only is this a big incentive to make payments on time, it’s also a good way to keep yourself protected from nonpayment.
· More potential buyers – Many potential buyers are unable to get financing for a large loan, but can qualify for a smaller loan. This means a larger amount of people will be interested in buying.

The best time to provide owner financing is when there are more houses than buyers. Now is a perfect example of such a time. If you’re having trouble selling your Hampton Roads real estate and can afford to finance another buyer, owner financing is choice you should consider to get your home sold.

Would you like more information on owner financing? Call me today at 757-477-4013or email me at billgordon@757realtor.info.

9 Questions to Ask Your Potential Hampton Roads Condo Association

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-08-09T10:57:00Z

9 Questions to Ask Your Potential Hampton Roads Condo Association

If you’re looking at buying a Hampton Roads condo, you need to be aware that there are condominium associations that oversee condo developments just like there are homeowner’s associations that oversee subdivisions. However, they may not work the same and can vary widely from condo to condo. Here are a few things you need to ask the association before signing that contract:

1. What’s the ratio of owner-occupied to tenant-occupied units? More owner-occupied units means better marketability if you want to resell.

2. Do the assessments rise with inflation? This doesn’t sound like a good thing, but matching assessments with the rate of inflation means the ability to build reserves for any future repairs.

3. What does the assessment cover (trash collection, condo maintenance, etc.) in the Hampton Roads condo? Some association assessments may not cover recreational facilities, for instance, while other condos’ assessments may cover a broad range of areas.

4. What is the turnover in the building? If it’s high, that’s an indication of issues you may not be familiar with.

5. How much of the assessments do they keep in reserve and for what? How do they invest the money? If you’re paying fees and assessments, you want to make sure they aren’t spent frivolously.

6. Are they involved in a lawsuit? If the condo is in litigation, those reserves can disappear quickly.

7. How reputable is the builder? If you can, visit other projects and ask the residents how they feel about their place. Get an engineer’s report to find out if the building is in good shape. Any problems that are there when you buy are yours once you sign the contract.

8. What are the condominium’s bylaws, restrictions, covenants and grandfather clauses? You want to make sure you can live with them. In addition, you’ll want an attorney to look over the documents with you.

9. Is more than one association involved? The larger the development, the more likely that there are umbrella associations. Several associations can mean several assessments.

A Hampton Roads condo can be a dream come true if you choose well. Make sure you do your homework!

If you’re looking for a condo that perfectly fits your lifestyle and needs, I can help. Call me at 757-477-4013 or email me at billgordon@757realtor.info for more information.

Is There a Hampton Roads Home for Sale Your Pet Will Love?

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-08-03T13:30:00Z

Is There a Hampton Roads Home for Sale Your Pet Will Love?

Some pet owners love their pets like children and, if you’re one of them, you’ll be understandably concerned about choosing a Hampton Roads home for sale that your pet would be comfortable in. There are definite ways to make sure you get just that; here are just a few of them:

1. The features of the home are particularly important. Before you go shopping for a pet friendly house, make a list of things your pet likes. Also make a list of things your pet might destroy. For instance, many cat owners find their pets ripping up the carpet. A home with wood floors might be ideal. If you have a dog, it's probably important to have a fenced yard. Many things are easy to overlook, but you’ll be sure to consider them if you make a list first.

2. The home’s layout might be hard on your pet. If you have an older pet who has a hard time climbing stairs, a Hampton Roads home for sale with one story would be better than a two-story home. Low windows or window ledges are perfect for cats, as well as an out of sight place to store a litter box. In addition, remember your pet’s size. The larger the animal, the more yard or bigger space you might need.

3. The Home Owner Association (HOA) may not allow pets, and those that do allow pets usually have pet restrictions. Before deciding on a home, make sure that the HOA allows your particular pet. Don’t take it for granted! You may end up with severe penalties.

4. County and City code restrictions may also be an issue. Several cities also have restrictions on the number of pets, the species and the type. The pit bull ban is a very good example.

5. A pet friendly neighborhood is the best place for you and your pet. Look around the neighborhood and see if the neighbors are walking their dogs or have cats sleeping in windows. Consider if the way they seem to take care of their pets is similar to yours. If it isn’t, you might want to find another Hampton Roads home for sale.

If you’re looking for a home that’s perfect for you and your pet, I can help. Call me today at 757-477-4013 or email me at billgordon@judyboonerealty.com for more information.

How Much Mortgage Can You Afford For a Hampton Roads Condo?

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-08-03T13:21:00Z

How Much Mortgage Can You Afford For a Hampton Roads Condo?

If you’re thinking of buying a Hampton Roads condo, then you’re probably looking forward to the convenience of condo life. Freedom from landscaping chores and home maintenance tasks is just ahead. But, first you must determine how much condo you can afford to buy.

Before you do anything else, make a detailed list of your finances You’ll need to factor in all your income, and list all your normal monthly debts. Make a separate section for things you don’t want to do without, but can if it's required. These are the first things that are eliminated when looking to save money in your BudgetNext make a budget for your household. Remember to include extras like going out to eat. A good budget will have all of these elements:

• Fixed expenses. These include food, clothing, housing costs, car payment, even taxes that are regularly billed are included in this category.
• Retirement. At least 10% of your income should go into a retirement account.
• Savings. This is any money that has been put aside for big purchases, to pay off debts, or for home repairs. Your savings budget should be 20% of your income.
• Miscellaneous. You should put 10% away to cover entertainment expenses. Going out to dinner and a movie would come out of this section.

Most finance experts will recommend that you don’t spend more than twenty-eight percent of your income on housing costs. Still, some lenders may offer loan packages that are more than what you have budgeted to spend. No matter how great that Hampton Roads condo deal sounds, you need to stick to your budget.

Once you know how much you can afford to pay for your Hampton Roads condo, you can shop around for the best mortgage rates and loan terms for your personal situation. With careful planning, you can avoid making a mortgage mistake, and getting more house than you can afford.

Need more help determining how much mortgage you can afford? Give me a call today at 757-477-4013 or email me at billgordon@judyboonerealty.com, and I'll give you my professional advice.

Helpful Hints to Avoid Hampton Roads Foreclosures

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-08-03T13:18:00Z

Helpful Hints to Avoid Hampton Roads Foreclosures

Foreclosure is a dreaded word at any time, but the present economy makes it a common dread, one that many homeowners share that normally would never enter their minds. There are new government aid programs as well as tried and true methods for combating Hampton Roads foreclosures and every homeowner should know them.

Nip It in the Bud

Procrastination is never a good thing but when it comes to foreclosures it is a death sentence. Most homeowners know when they are on shaky ground and starting to have problems paying their mortgage.
Because it is usually the biggest monthly expense, mortgages are often the first thing to suffer when things get tight. Waiting to talk to your mortgage company about problems until you actually begin missing payments doesn't leave much time to correct the situation, and believe it or not, most mortgage companies would prefer to work things out than have a "dead" non-performing asset on their books.
Call your mortgage company and talk to them about solutions to your problems. When you call, be prepared to explain the situation that is causing your difficulties to prove that there really is a hardship. Most lenders will send you a pre-foreclosure package that guides you and shows you what you need to do to prove you are under financial strain.

HOPE for Homeowners

HOPE is the HUD program that helps homeowners avoid imminent Hampton Roads foreclosures. The government program refinances at a lower rate to help people stay in their homes when all other avenues of solution have failed.

Don't Give Up Without Exhausting All Means

Your home is important and worth the effort it takes to keep it. With the help of the stimulus plan, banks are able to do more than they used to be able (or willing) to do to provide solutions to homeowners to avoid Hampton Roads foreclosures.

If you would like more information on what to do in the event of possible foreclosure, please give me a call at 757-477-4013 or email me at billgordon@judyboonerealty.com.

5 Things to Think About Before Renting Out Your Hampton Roads Real Estate

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-07-30T21:27:00Z

5 Things to Think About Before Renting Out Your Hampton Roads Real Estate

If you have a piece of Hampton Roads real estate and you’re trying to figure out whether to sell it or rent it, here are a few things to think about before doing either:

1. How much rent can you charge? Your rent will need to cover the costs, including mortgage, taxes and insurance. In addition, you’ll need liability insurance, as well as an additional 5 to 10 percent for unexpected maintenance. If your area’stypical rent amounts won’t cover your costs, you probably don’t want to rent.

2. Do you have other ways to cover a down payment? If you’re moving to another piece of property, but relying on the equity in your current Hampton Roads real estate for the down payment, you don’t want to rent.

3. Do you have the time? Being a landlord means extra responsibility. Although it may not take a lot of time, that time can be inconvenient, especially if you have a full time job. If you can’t picture yourself getting up at odd hours of the night to meet a plumber, you probably don’t want to rent.

4. Can you afford to give up a tax break? The capital-gains tax exemption is one of the benefits of owning a home. If you keep the property for five years and live in it for two, you won’t have to pay taxes on the first $250,000. However, if you rent for more than three years before selling, you’ll owe capital-gains taxes on all of the profit. If you can’t afford to give up the tax break, you probably don’t want to rent.

5. Can you handle wear and tear? Not every renter will be careful with your beautiful French windows and teardrop chandeliers. In addition, if your property has a lot of rooms it will probably attract families with kids. If you can’t handle the wear and tear from different renters, you probably don’t want to rent.

Renting out Hampton Roads real estate isn’t for everyone. However, if you’re trying to sell your property and having problems finding a buyer, it is something to consider.

If you're trying to decide if you want to sell your home or rent it, I can help. Call me today at 757-477-4013 or contact me at billgordon@judyboonerealty.com for more information.

Keyword: Hampton Roads real estate

5 Things to Think About Before Refinancing Your Hampton Roads Home

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-07-30T21:19:00Z

5 Things to Think About Before Refinancing Your Hampton Roads Home

If you’re thinking about refinancing your Hampton Roads home, you might want to think about a few other things first.

1. Are the mortgage rates higher or lower than when you first financed your house? If current mortgage rates are lower, refinancing might be a good idea. If they’re higher, however, you should reconsider.

2. Why are you refinancing? If you’re trying to get a better mortgage rate, it might be a good idea. However, if you’re refinancing to pay off credit cards or go on vacation, not only should your probably not refinance, you probably shouldn’t be going on vacation, either.

3. Do you currently have a fixed rate or an adjustable rate mortgage? Since mortgage interest rates are still rising, it might be a good idea to refinance to a fixed rate if your mortgage interest is adjustable. However, if you have a low fixed rate mortgage on your Hampton Roads home, it probably would be better to stay with it.

4. How much longer do you plan to stay? If you plan to stay in your Hampton Roads home for five years or longer, refinancing might be a good idea. However, if you plan on a shorter amount of time, due to the cost of refinancing, you may end up losing money.

5. Do you have the money for refinancing? Refinancing a house costs time and money. The fees for refinancing can be a hefty $3,000 or more, which means you may not save any money for two or three years after refinancing your home.

If you need help refinancing your home or financing a new home, I can help. Call me today at 757-477-4013 or email me at billgordon@judyboonerealty.com for more information.

5 Things to Look for When Buying Hampton Roads Foreclosures as an Investment

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-07-30T21:14:00Z

5 Things to Look for When Buying Hampton Roads Foreclosures as an Investment

People buy Hampton Roads foreclosures for a lot of reasons: to live in, as fixer-uppers, to flip and for investment purposes. The current real estate market isn't so hot for quickly selling foreclosures at a profit. Instead, consider purchasing foreclosures and holding on to your investment until the market turns around. In the meantime, earn money by renting the houses.

Here are 5 things to look for when buying Hampton Roads foreclosures to rent out:

1. Most Hampton Roads foreclosures are nice homes that, for one reason or another, the sellers have had to let go. With the variety of houses available, take your time and find a property that doesn’t require a lot of major renovations, unless, that is, you’re a handy man and enjoy fixing up homes.

2. Figure out the costs of the potential rental property and then look at the average rent in the area. If the rent would cover the costs and a little over, it’s a keeper.

3. Many of the homes have been updated with more energy efficient appliances. Energy efficiency is better for you, as the landlord, and better for them, as the tenant. Due to the current push towards environmental concerns, if you buy a home that isn’t updated, you may eventually want to do so. Cut through the update havoc and look for energy efficient homes.

4. Like you would with any potential home, look into the cost of utilities, property taxes and so on. Make sure that you can handle the costs in the eventuality that the home stays empty for a while.

5. Make sure the home you look at is “tenant friendly”. If there are a lot of breakable fixtures, big bay windows or glass enclosures, you might not want families living there due to the cost of repairs. Families are the highest number of renters, so look for homes that would withstand children.

“Accidental” landlords – those who hadn’t planned to rent, but did because they couldn’t sell – are a growing population. Instead of being accidental, plan for it. Look into buying Hampton Roads foreclosures as a rental investment. There might be a home just waiting for your tenants.

If you need help finding the perfect foreclosed home, give me a call today at 757-477-4013 or email me at billgordon@judyboonerealty.com

4 Hampton Roads Real Estate Investment Ideas from the Pros

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-07-30T21:08:00Z

4 Hampton Roads Real Estate Investment Ideas from the Pros

Real estate investments are still going strong and will probably continue to be a popular method of financial gain into the future. Real estate is solid. It is a tangible product that is attractive to both beginning investors and experienced pros. The most important part of getting started in Hampton Roads real estate investing is knowing what you're getting into and what to watch out for. Here are 4 top tips from real estate investment professionals:

Understand the Realities

Real estate investment, like any form of investment, is risky. Do not use money you cannot afford to lose. Careful study, understanding the market, and practice help alleviate a lot of the risks but things happen in the best of situations so don’t play with what you can't afford to lose.

Research is a Constant

Research in real estate investment isn't something you do once. Research is constant. It is a daily part of your efforts and should always be at the forefront of your mind. From changing banking methods to market changes, researching and learning must be ongoing to be a successful Hampton Roads real estate investor.
Know the Property

Research isn't limited to financing and the real estate market. You need to thoroughly investigate each property before you buy. Fill out an investment worksheet to see if all the costs associated with the purchase will allow a satisfying profit.

Learn About Personal Protection

Taking risks with the money you have set aside for investment is one thing. Taking risks with your family's savings, property, and other assets is another. Consider starting a LLC. You can choose from a single LLC to cover all of your real estate holdings, or having a separate LLC for each property purchased.
Learning the tricks of the top real estate investors allows you to profit from the experience of those who have gone before you. If you would like more expert advice on Hampton Roads real estate investments, give me a call today at 757-477-4013 or email me at billgordon@judyboonerealty.com.

4 Places Hampton Roads Real Estate Agents Say, “Don’t Go Cheap!”

billgordon@mobile757.com (Bill Gordon's Realty Blog) — 2009-07-30T20:59:00Z

4 Places Hampton Roads Real Estate Agents Say, “Don’t Go Cheap!”

As most Hampton Roads real estate agents will tell you, remodeling, decorating or repairing your home can go a long way towards getting it sold. For that matter, it can add value to your property in case you want to sell later – that is, if you don’t choose the wrong places to buy cheap:

• Windows – Never buy a window based on which one is cheapest. You want windows that look good, and, as most Hampton Roads real estate agents will recommend, you want energy-efficient windows. During 2009 and 2010, you may be eligible for a Federal Tax Credit for Energy Efficiency of up to $1500 when you purchase Energy Star windows.

• Paint – Paint is one of the biggest places people skimp when it comes to cost, and a big no-no. Cheap paint may take several coats to look right; those several coats can end up leaving blotches and runs. In addition, cheap paint has a tendency to peel or wash off under light cleaning. If you’re going to add painting to your remodeling or repair work, quality is always better.

• Doors – Whether it’s for a shower or a screened-in porch, the door you choose can make all the difference. A rickety shower door falling off the railing is a big “don’t buy” sign. While you don’t want to blow your whole budget, the doors throughout your house should be of quality material. Likewise, a solid front door adds to the curb appeal and security of your home. Some exterior doors also qualify for the Federal Tax Credit for Energy Efficiency. Find out if your exterior door qualifies for an Energy Star Rebate or Tax Credit.

• Flooring – Unless it’s expensive carpet on sale, cheap flooring never looks like anything but cheap flooring. Low cost carpet and wood flooring seldom has high durability and is likely to wear out before you’re ready to replace it again. Take the time to find quality flooring at a price you can afford – don’t go cheap!

Many Hampton Roads real estate agents will push quality, but the biggest point they’ll push these days is - go green! It may not be the cheapest option, but the benefits in efficiency and property value more than make up for the cost.

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