House And Home 757 Blog

German grocery store Lidl opened one of it's first 10 U.S. store today at 6196 Providence Road.  A stone's throw from Regent University and less than three miles from competitor Aldi.  Lidl is poised to take advantage of it's new location.  This is evidence that astute business minds continue to find our growing area to be a beneficial area to begin to grow their brand domestically. 

Who can take the best advantage, however, of the presence of this new German grocery store ?  People living in nearby neighborhoods like College Park, Knob Hill and Kempsville Borough are poised to take immediate advantage of the rare presence of this store in the United States.  See other homes and neighborhoods nearby here: Properties near Lidl in Virginia Beach.

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I talk to people every day, which is the part of my job I love the most. I've heard a lot of reasons why people, even if they want to get a new home, are afraid to make the commitment of buying a home. I've listed a few of those reasons here and included my thoughts about each of them. This time, I'll list 3 for first time home buyers and next time I'll list 3 for people who already own a home.

I don't think I would qualify for a mortgage.

True, you may not, not everyone does.

Two questions. 

1. Have you checked? If not, you should check with a lender before you decide you don't qualify. I've sold homes to people who thought they wouldn't qualify and were looking to rent. If you haven't checked, you don't know. Checking will also help you to

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Stress definition
Three tips to prevent Spring 2017 homebuyer stress.

Believe it or not, if you decide to buy a home this year during the traditional shopping season it's probably going to be a stressful experience. I'm not advocating that you avoid it. In fact, if you can buy, now is a great time to do so before the market conditions change. It's just important to be honest. It's probably going to be a stressful experience. This is the point that Brian Kline writes about in his RealtyBiznews.com article.
Read his article to learn the specifics about why it's likely to be stressful for Spring 2017 homebuyers.
Spring Home Buyers’ Stress

The following are three tips for homebuyers to alleviate some of the stress that they are likely to experience during the 2017 home

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According to a heat map embedded in a recent RealtyTrac analysis, it is more affordable to buy a home in the Hampton Roads area than it is to rent a similar home here.

This is because it takes 46.4% of the average persons salary to pay the average cost of a mortgage on a $240,000 home and 47.8% of that same person's salary to pay an average monthly rent of $1,577.

Rent Vs. Buy

This is good, but potentially ominous news because the spread between the two numbers is so small. 1.4% is a small gap considering the likelihood that interest rates will increase this year. If 30 year fixed interest rates go up to 4.6% as suggested by Kiplinger.com's most recent interest rate forecast, should people stop buying and start renting?


According to Jonathan

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