CAPITALIZATION RATE EXPLAINED The capitalization rate (or cap rate) is a formula used in real estate to calculate the presumed rate of return on an investment. The cap rate represents the return over a one-year time span and only applies when the property is bought with cash instead of financed. Because it measures value over […]
Virginia Beach Waterfront Real Estate 101
Situated in southeastern Virginia, where the Chesapeake Bay meets the Atlantic Ocean, Virginia Beach is widely considered one of the best places to live in the state of Virginia. Whether residents are seeking the excitement of the bustling oceanfront or the calmer waters of the Chesapeake Bay, it is an area with broad appeal and […]
Qualities of an Experienced Listing Agent
A listing agent works on behalf of the homeowner during the selling process on their real estate listings. Their primary goal is to get the most value for the home as possible, while also ensuring the home does not sit on the market for an extended period of time. The listing agent often negotiates with […]
Things to Consider When Buying a Second Home
Finally, your years of hard work is reaping rewards. You’ve managed your assets carefully and now you’ve reached a point in your life where you can seriously entertain buying a second home. Maybe it will be a vacation home for you and your family and become your retirement home if and when you do retire. […]
How To Read A Floor Plan
Learn how to read a floor plan. A floor plan is essential to the construction of a new property, although it can appear daunting at a glance due to the many symbols it contains. However, it is designed to present a clear layout of a home’s floor. An “open” floor plan refers to a home […]
What To Know When Buying A House During A Divorce
Going through a divorce is not easy, no matter what the circumstances. You have so much on your plate, not the least of which is buying a house during a divorce. It may feel overwhelming now, but a new home will help you move into the next chapter of your life. In Virginia, you must […]