Category Archives: Virginia Beach

The Baycliff Neighborhood

Bay Island Homes For Sale
Baycliff Homes For Sale

Looking to move to the Baycliff area in Virginia Beach? Here are the Baycliff homes for sale! The Baycliff neighborhood is quite affluent.  And there are plenty of waterfront properties available. It is located East of Great Neck Road and it is on the southern edge of Broad Bay. It is quite close to the Virginia Beach resort area. And for you commuters, it is just minutes from Interstate 264. Nearby is Alanton, Linkhorn and Linkhorn Cove. The High School is the coveted First Colonial High School.

Search for homes buttonWe have a page with all the homes for sale in Baycliff. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

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Virginia Beach Neighborhood: Alanton

Alanton Homes For Sale In Virginia Beach VA!
Alanton Homes For Sale In Virginia Beach VA!

Looking to move to the Alanton Area in Virginia Beach? What a great choice! The homes are marvelous! And there are plenty of waterfront properties available. Alanton is located East of Great Neck Road and it borders the southern edge of Broad Bay. It is a quiet affluent community quite close to the Virginia Beach resort area! And for you commuters, it is just minutes from Interstate 264. The Alanton neighborhood is near the BaycliffLinkhorn and Linkhorn Cove neighborhoods. Alanton is in the First Colonial High School District. Here are the Alanton homes for sale!

Search for homes buttonWe have a page with all the homes for sale in Alanton. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

The Arrowhead Neighborhood

Arrowhead Homes For Sale
Arrowhead Homes For Sale

Looking to move to the Arrowhead Virginia Beach Area? What a great location for commuters!

Arrowhead is a great neighborhood on the absolute edge of Virginia Beach. It is walking distance to the Norfolk Light Rail! The neighborhood is right on top of the 64/264 Interchange. Via the I264 – Newtown Road exit, you will have quick access to all of Hampton Roads! Arrowhead Plaza Shopping Center is right in the area.  The neighborhood is serviced by Kempsville High School. Nearby neighborhoods includeCarolanne Farms, Fairfield and Kempsville Lake.

Search for homes buttonWe have a page with all the homes for sale in Arrowhead. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

The Aragona and Aragona Village Neighborhoods

Aragona Village Homes For Sale
Aragona Village Homes For Sale

Looking to move to Aragona Village in Virginia Beach? Here are Aragona Village homes for sale!

Aragona and Aragona Village are sought-after neighborhoods in Virginia Beach not far from Interstate 64 and Interstate 264. The desirability of the “Downtown Virginia Beach” area is off the chart! Town Center is across Virginia Beach Blvd. Pembroke Mall is across Independence Blvd. The amount of shopping and nightlife is huge! And there are some very high quality restaurants in the area. Neighborhoods that are nearby are, Ridgely Manor, Witchduck and Lynnbrook Landing. The neighborhood is within the Bayside High School District.

Search for homes buttonWe have a page with all the homes for sale in Aragona Village. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

The Cobblestone Trace Condos Neighborhood

Cobblestone Trace Condo Homes For Sale Title Graphic
Cobblestone Trace Condo Homes For Sale

Looking for houses in Cobblestone Trace Condo in Virginia Beach? Excellent! Here are the Cobblestone Trace Condo homes for sale!

Cobblestone Trace Condos are a collection of affordable condos near Indian River Road and Ferrell Parkway. It is a great way to get into a desirable area of Virginia Beach with little money!  This is a set of condos in the southern part of the Indian Lakes neighborhood. The Shopping is extremely convenient. Within walking distance is Indian Lakes Crossing and Parkway Marketplace. With a variety of large grocery stores and dining establishments, you will have most of your needs provided nearby. The commute is sure to be easy from here. Ferrell Parkway is a huge artery to North Eastern Virginia Beach. Indian River Road is a widely used artery to North Western Virginia Beach and it leads to Interstate 64. Nearby neighborhoods include Indian Lakes, Brigadoon and Glenwood. Cobblestone Trace Condo is in the Salem High School Zone.

Search for homes buttonWe have a page with all the condos for sale in Indian Lakes. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

The Alexandria Neighborhood

Alexandria Homes For Sale
Alexandria Homes For Sale

Looking to move to Alexandria in Virginia Beach? Great choice! Here are Alexandria, Virginia Beach homes for sale!

Alexandria is located near Kempsville Road and Centerville Turnpike. Most of the homes are 2 stories, but there are a couple of ranches. Access to Interstate 64 is down Centerville Turnpike to Indian River Road, north to i64. City View Park is a convenient walk away. The area is often called Woods Corner. Shopping is great! Wood Corner Shopping Center is right next to the neighborhood and has shopping, restaurants and nightlife. Other neighborhoods in the area are Brandon, Brigadoon and Charlestown. Alexandria is in the Tallwood High School Zone.

Search for homes buttonWe have a page with all the homes for sale in Alexandria. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

The Bay Island Neighborhood

Bay Island Homes For Sale
Bay Island Homes For Sale

Looking to move to the Bay Island Area? Here are the Bay Island homes for sale! Bay Island is fantastic! I see you have great taste! The neighborhood is actually an island in Virginia Beach. Bay Island is only accessible by boat, or by West Great Neck Road. A big percentage of the homes are on the water near Broad Bay. The neighborhood is in the Cox School District. It is near Lynnhaven and Green Hill Farms. Play golf at Broad Bay Point Country Club. Shopping is located up and down Great Neck Rd and on Shore drive. Many excellent restaurants dot the area.

Search for homes buttonWe have a page with all the homes for sale in Bay Island. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

The Bay Colony Neighborhood

Bay Colony Homes For Sale
Bay Colony Homes For Sale

Looking to move to Bay Colony in Virginia Beach? Here are Bay Colony homes for sale! This neighborhood has numerous luxury homes! Most of them tend to have large yards. Plenty of waterfront property exists here. Ocean access is provided via through Broad Bay and under the Lesner Bridge. Some of the properties line the Princess Anne Country Club Golf Course. The neighborhood is excellently located within a pleasant walk to the oceanfront beaches! Nearby neighborhoods include the North End, Shadowlawn and Birdneck. Homes in the area are in the Cox High School Zone.

Search for homes buttonWe have a page with all the homes for sale in Bay Colony. Click on this button to see everything currently listed there.  When you find a home you would like to see, please let me know! Call (757)589-1237 and I will arrange a showing! Or, on the property, complete the Find Out More form and click submit. I will get information to you right away!

Build Equity In Your Home Faster…

Title with "Build Home Equity Faster"
Build Home Equity Faster
eq•ui•ty
Function: noun
.
1 a : a right, claim, or interest existing or valid in
equity b : the money value of a property or of
an interest in a property in excess of claims
or liens against it c : a risk interest or ownership
right in property

Equity is the part of your property that you actually own. If you own property that’s worth $250,000, and you have a mortgage with a remaining loan balance of $100,000, your equity in the property is $150,000. Repeat home buyers usually rely to some extent on the equity in their current home to help buy their next home. The more equity you have, the larger the possible down payment for the trade- up home.

Home equity also equals security, especially at the beginning of a mortgage loan, so little of your payment goes to principal that equity builds slowly.

Home made of money with words Home Equity beside it
Home Equity

Naturally, building home equity comes at a price, usually in the form of larger payments. If building home equity means incurring debt to make ends meet, then you’ve defeated the purpose of building equity in the first place.

One way is to make additional principal payments. Additional principal payments make sense when you save more on your mortgage interest expense on an after-tax basis than you would earn on your investments on an after-tax basis.

If you are able to deduct your mortgage interest from your income taxes and your marginal federal income tax rate is 27 percent or higher, then your after-tax cost of mortgage debt is between 3 and 4 percent. For instance, if you earn 4 percent pretax on a five-year CD, and you’re in the 27-percent bracket for federal income taxes, the after-tax return is less than 3 percent.

Before you start making additional principal payments, use one of the many amortization calculators you can find on the internet to do the math – how much interest you would save if you made additional principal payments and how much it would shorten your loan and increase your home equity.

The other way to build home equity faster is to refinance. Recently, the reason most people have refinanced is to lock in a lower interest rate and/or lower their monthly payment. But you can also refinance to shorten the term of your mortgage, which builds equity.

If you had a $200,000 30-year ARM at 8.13 percent and replaced it with a 15-year fixed rate loan at 6.75 percent, your monthly payment would go from $1485.69 to $1769.82.

Most sellers use part of their equity to pay selling costs, such as brokerage commissions and transfer taxes. Also, if you are delinquent on your property taxes, or have other liens secured against the property, such as an IRS tax lien, these would have to be paid at closing.

Want to find out how much equity you have? Visit http://thomas.searchcoastalvahomes.com/sell/ and see!

Keep This is Mind When Shopping For A Mortgage!

Man and woman holding papers shopping for a mortgage in Coastal Virginia Mortgage Shopping in Coastal Virginia

If you’re in the market for a new home, you’re probably in the market for a new mortgage. Here are 3 critical shopping tips for anyone looking for a new loan.

  • Know the Terms
    All the terms of a loan matter. Unfortunately, shopping for a mortgage is not as simple as finding out how much a lender will let you borrow and at what interest rate. You’ll want to get a complete breakdown of what any offer your receive means to you on a monthly basis as well as how much money you’ll be spending over the life of the loan.
  • Not all Mortgages are the same
    There are several mortgage types available to residential home buyers. Most people will shop for a traditional fixed rate mortgage, but other options are available including adjustable rate loans (ARMs), Federal Housing Administration loans (FHAs), and Veteran’s Administration loans. You’ll want to be sure to understand what kind of loan a lender is offering you.
  • Fees, Fees, Fees
    Most loans have fees associated with them in additional to the principal amount borrowed to buy the home. You can sometimes borrow the money need to cover these fees, but that will obviously increase the overall amount of debt you undertake. Some fees are paid up front, and others are not due until closing.

If you’d like to chat with personally about how to shop for a mortgage and what other questions you can ask lenders to find the best deal, call us! We’ll get you started on the right path so we can start looking for your new home!

Tom Taylor

Realtor®

(757)589-1237

Check Out Virginia Beach Homes that are currently for sale!