Are Virginia Beach and Hampton Roads First Time Home Buyers (tax credit) Starting to get Serious??

My gut feeling is that Virginia Beach, Chesapeake, Norfolk, Suffolk, and Hampton Roads first time real estate buyers seeking to use the $8000.00 tax credit are starting to get serious.

Activity at viewing real estate on my enhanced Virginia Beach and Hampton Roads home search engine is WAY UP!!

Considering the time line to get the home purchase closed prior to December 1, 2009 dictates real estate buyers need to get going.

Those sitting on the fence waiting for the perfect moment to purchase real estate may lose additional savings if interest rates rise.

At this point, considering a real estate short sale to purchase is probably a bad idea with the amount of time it takes for banks/lenders to respond to even the simplest and cleanest purchase packages.   Banks have simply handled this aspect of business poorly.

Viewing of foreclosures is way up……Many people subscribe to the Virginia Beach and Hampton Roads RSS feeds offered to see the latest homes coming on the market.  Whether $30,000 or over a million there is something for everyone.  Foreclosures are much simplier!!

Get your “ducks in a row” now if you are considering purchasing a home:

1.  Preapproval letter before you start looking at home – a good lender

2.  Ready to write Earnest Money Check when contract submitted.

3.  Money in checking to pay for inspections (home, termite, etc) and savings to cover any down payment or closing costs.

4.  Any deposits for utilities, etc.