Archive for March, 2013

Featured Property of the Week

Wednesday, March 20th, 2013

5104 Holland Rd 001 (4)

5104 Holland Rd   Suffolk, VA 23437


Listed by: Phyllis Evans

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Harry’s Monthly Real Estate Insight

Tuesday, March 19th, 2013

The market continues to improve. Since all sales are determined by Supply and Demand, then changes in either indicates movement in a plus or minus direction. In 2011 the total number of listings in our Hampton Roads market was 16,945, today it is 9,285. This is a 45% reduction. Definitely going in the right direction, getting closer to a normal number, but our challenge is still in the overall economy and the continued stalemate in Congress. Major business decisions are being held up because we have no direction from our elected leaders. The over all rating of Congress before was bad, but now I think they deserve an F-. We should have voted them out when we had the chance last time. Maybe we will be smarter next time!

Below are two informative charts. Settled Sales show the history of how we got into this mess and for the first time since 2007 shows an increase in home values, overall. The second chart shows the influence of Distressed sales on the market. They are still at 26.37%, which is a huge negative influence on the sales price of homes. To get better prices we need for the Distressed sales to be much less.

If Sequestration does not overly affect the Hampton Roads economy, then we will continue to improve. But my guess is that the Sequestration will slow down recovery for our area. It is about a Congress that is not doing its job that is holding everything back. Let’s call for a new election! You In?

Send me one client this year! Have you been to Sweet Frog yet on Main St. near Panera?

Graph 1

Graph 2

Featured Property of the Week

Wednesday, March 13th, 2013

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8210 Southwestern Blvd    Suffolk, VA 23437

Country living at its best. Check out this immaculate brick home on a 1 acre lot. Large master suite with Jacuzzi tub/shower & double vanity. This property also includes a 500 ft deep well, a 40X60 insulated butler building with full electric.

Listed by: Susan Wilkins

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Recipe of the Month

Tuesday, March 12th, 2013

Grilled Chicken and New Potatoes

Use a foil packet as a fuss-free cooking vessel
for 2185201_QFSTh10556the leeks and potatoes (or any vegetable).


  • 1 medium leek
  • 1 1/2 pounds small new potatoes, halved
  • 2 tablespoons crushed red pepper-and-garlic seasoning (such as McCormick), divided
  • 4 tablespoons olive oil, divided
  • 1 1/2 teaspoons table salt, divided
  • 1 1/2 pounds chicken breast tenders
  • 2 tablespoons fresh lemon juice, divided
  • 2 bunches green onions


  1. Preheat grill to 350° to 400° (medium-high) heat. Remove and discard root end and dark green top of leek. Cut in half lengthwise, and rinse thoroughly under cold running water to remove grit and sand. Cut into thin slices.
  2. Toss together leek, potatoes, 1 Tbsp. garlic seasoning, 3 Tbsp. olive oil, and 1 tsp. salt.
  3. Divide leek mixture among 2 large pieces of heavy-duty aluminum foil. Bring foil sides up over mixture; double fold top and sides to seal, making packets.
  4. Grill foil packets, covered with grill lid, 12 minutes.
  5. Meanwhile, toss together chicken, 1 Tbsp. lemon juice, and remaining 1 Tbsp. garlic seasoning, 1 Tbsp. olive oil, and 1/2 tsp. salt.
  6. Shake foil packets, using tongs, and return to grill. At the same time, grill chicken, covered with grill lid, 5 minutes; turn chicken. Place green onions on grill, and grill chicken, onions, and foil packets 4 to 5 minutes or until chicken is done.
  7. Open foil packets carefully, using tongs. Arrange grilled vegetables, chicken, and green onions on a serving plate. Drizzle with remaining 1 Tbsp. lemon juice.

Southern Living-March 2013

Top 3 Myths About Foreclosures

Tuesday, March 12th, 2013

With an abundance of foreclosed homes and short sales on the market, it is tempting to believe all the pros and cons you hear about buying a bank-owned property. Below are the top 3 myths about buying a foreclosure.

Foreclosures sell at massive discounts, compared to other homes.
Reality check: while foreclosures might be discounted massively from what the former owner paid or owed, their discounts are much more modest when compared to their value on today’s market and the prices of similar homes.

When you buy a foreclosure, you should lowball the bank – they are desperate to get these homes off their books.
Stories in the press abound about the large numbers of foreclosed homes the banks have on their books. We’ve all heard the adage that banks have no interest in owning these properties. But the real deal is that they’re simply not desperate enough to give these places away. Also, the banks mostly service the defaulted loans – they don’t own them. Various groups of investors do, and they hold the banks accountable to selling the bank-owned property at as high a price as possible, helping them cut their losses. Many banks won’t even consider lowball offers, and many bank-owned properties actually sell for above the asking price. Before a bank will take a lowball offer, they will almost always reduce the list price first, and see if that attracts a higher offer than the lowball one they have in hand.

Foreclosures need a huge amount of work.
Ninety-two percent of consumers surveyed stated that if they bought a foreclosure, they would be willing to make home improvements after they closed the deal, with 65 percent being willing to invest 20 percent or less of the purchase price. Although stories of foreclosures missing plumbing and every electrical fixture are very memorable, many foreclosed homes need only the (relatively inexpensive) cosmetics that many new homeowners want to customize no matter what kind of home they’re buying: paint, carpet, etc.”

Six Ways To Spruce Up Your Garage

Tuesday, March 12th, 2013

We are all aware of clutter in our homes but the garage is often forgotten as an area worth cleaning up. The garage may not be the first place potential buyers look at when checking out your home but it is an important part of the overall package.

You’ve taken great care to ensure your home is in beautiful shape when the first buyers walk through the door. Well, except for the garage. That seems to be the catch-all for the house, and not exactly the best room to make a good, first impression. Although your garage certainly won’t have the “wow” factor like other rooms in your home, it nevertheless can impress your potential buyers. Here are a few ways to take your home’s least-attractive room to one that will make buyers stop and stay awhile:

Unload the clutter – Since you will be moving soon, now is a great time to roll up your sleeves and tackle the junk you’ve been collecting in your garage. Heck, why not have a garage sale while you’re at it? You can make some money and clean house at the same time. Now is also the time to make a pile of charitable contributions, too.

Dust things off – Just because it’s a garage doesn’t mean it should have dust-filled floors and cob-web filled corners. Sweep it out and clean it up.

Add hooks – Get your larger garage items, like bicycles and golf bags, up off the floor with heavy-duty garage hooks. They will free up garage space and give buyers plenty of inspiration for extra storage.

Add more storage – From shelves to cabinetry, adding more storage in your garage will make the space appear larger and more organized. Let the buyers know the shelves and cabinets will stay with the house and get extra bonus points.

Clean the garage door – You can make your dingy garage door look like new with the help of a pressure washer. Clean the windows to your garage, too, as they likely haven’t had sunlight streaming through them for some time.

Clean up the floor – If your floors are oil-stained, apply some paint thinner to the spot. If there is any standing oil, pour cat litter or saw dust to the area, allow the oil to be absorbed, and sweep it up. Purchase a concrete cleaning solution at your local home improvement store and, with the help of a stiff-bristled push broom, get all the dirt and grime off your garage floor.

Featured Property of the Week

Wednesday, March 6th, 2013

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122 Cypress Chapel Rd   Suffolk, VA 23438

Bring your horses to this beautiful 3BR, 2BA brick ranch with large upgraded kitchen, family room with fireplace, great room & office. Detached garage/workshop complete with electricity & sink. Brand new windows throughout entire home. Don’t miss out on this great opportunity.

Listed by: Susan Wilkins

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