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3 Top Tips for Buying Horse Property

3 Top Tips When Buying Horse Property:

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Tip #1: Find a Realtor, and one who understands the unique needs of horse owners. A Realtor will be able to search for and find properties that you may not be able to find on your own. She or he will also have contacts for other professionals you may need to call, such as contractors, after you buy. A Realtor will know the area, the land, the market, and be able to negotiate on your behalf

Tip #2: Identify your needs. Work with your Realtor to make a list of your priorities for your new horse property. The rule of thumb is to have 1-2.5 acres of land per horse, so calculate how much land you will need. Do you need a place for riding? Whether it is a grassy field or an arena, the space should drain well, be level, and large enough to work in. Will your horse live out 24/7 or do you want a barn, and if so, what type?

Tip #3: Choose the right location. Consider how far the property is not only from shopping, work and school, but also from activities you will want to participate in with your horse, such as show grounds or trails. On the flip side, horse properties that are surrounded by neighbors or in a more urban area present their own challenges. Location is also important to consider if you are planning on running a boarding or lesson/training business, as you will need to have a large enough customer base in the area. 

Of course there are so many other factors to consider, such as pasture management, manure removal, farm layout, condition, and the actual home (if there is to be one)! There is probably enough to write a book on the topic one day! But these tips are a great place to start as you think about purchasing a horse property.

Contact me today for a free list of horse properties in Hampton Roads and/or North East North Carolina. 

Is Now the Right Time to Sell?

Is it the right time to sell?

Super High Demand + Extremely Low Inventory + Buyer Competition

  1. Home showings are up +47.2% from this time last year.
  2. Inventory is down -43% from this time last year.
  3. Increased chance of multiple offers: Average # of offers is 3!

If you have been thinking about selling, don't wait until Spring! There could be more houses on the market then, to compete with yours. Contact me today to find out what your home could be worth in today's market, or click on the "Free Home Value Estimate" tab on the navigation bar.

5 Tips to Help Buyers Get Ready

Preparation is key, especially in a competitive market!

Here are 5 tips for Buyers just starting out on their home search journey:

  1. Check your credit history. Message me for a website that offers a free credit report.
  2. Talk to a lender - get prequalified or preapproved for a mortgage loan. I have a great lender I can refer!
  3. Once you know your preapproval amount, it is time to establish a budget.
  4. Create a list of your priorities, wants and needs in a home.
  5. When looking at homes, consider (and speak to me as your Realtor) resale value.
If you are thinking about buying a home now, or in the future, let's get together to go over the home buying process!

Amanda Chaves, Realtor
BHHS Towne Realty

2021 Home Price Forecast

What will 2021 mean for home values? Home prices rose steadily throughout 2020, increasing in total by 8.2% nationally. This increase was due to a combination of low inventory and historic low interest rates. Experts are predicting that two things may happen in 2021: more Sellers will feel comfortable putting their homes on the market and some Sellers will be forced to sell, due to financial hardship. Both have to do with the Corona virus pandemic. Interest rates remain low, and that will most likely keep Buyers in the market, and creating demand for homes. The average of all home forecasts predicts a 3.9% appreciation rate in 2021. 
*Source: Core Logic Home Insights Report and Keeping Current Matters

Thinking about Buying or Selling in 2021? Call me today to get started!
Amanda Chaves, Realtor
BHHS Towne Realty

SOLD in 2020!

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Year-Over-Year Hampton Roads Market Summary Report 2020/2019


2020 Residential Year-Over-Year Market Summary

2020 brought GROWTH in all areas of the market summary, except for active listings, which had a sharp decline of 40.59%. 

  • The median sales price rose 11.75%, from $246,000 in 2019 to $274,900 in 2020.
  • Pending sales were up 41.26%
  • Settled sales showed growth in both re-sale (up 31.70%) and new construction (up 12.36%)
*All information provided by REIN. 
Home and Living Imagery

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