The foreclosure/short sale list is updated (www.724-1064.com). I found some great deals in Ocean Lakes, Lagomar, Indian Lakes, the Oceanfront (Shadowlawn), and Alexandria.
Indian Lakes has a 3 bedroom, 2.5 bath for $170,900! This is a single family home.
Ocean Lakes has a 2 story, 4 bedroom 2.5 bath with a garage at $225,000.
Lagomar has a home on the WATER that has 4 bedrooms and 2 bathrooms at $425,000.
Alexandria has a 2 story, 4 bedroom, 2.5 bath, over 2000 square feet, with a garage for $219,900.
Shadowlawn has a 3 bedroom, 2 bath, small home for $219,500.
Good news or bad news (if you are a seller), homes are very affordable, and mortgage rates should help keep the affordability quotient high. The 30-year, fixed-rate loan continues to average around 5.5%, while the 15-year fixed-rate loan continues to average around 4.9%. The really good news here is that rates should hold these levels heading into fall.
Visit my website for all the listings in Chesapeake, Virginia Beach, Norfolk, and Portsmouth. Go to Foreclosures or search all homes.
Signing off with energy to spare…
Your dedicated Realtor,
Suzi Toth Noyes
William E. Wood and Associates