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Carlos Cardo, Associate Broker, RE/MAX Central Realty

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School Choice and Real Estate Values

SCHOOL CHOICE and REAL ESTATE INVESTMENT - One of my clients was speaking with me about the prices of homes in the area and asked why some homes cost more than others and sell faster when there are 2 homes in 2 different neighborhoods that are similar and have similar crime rates. I stated that on one side of the road the school zone has the High School rated an 8 (utilizing greatschools.net) on the other side of the street the HS is rated a 3. Then they said what about choosing another school not in the zone, and I replied there are rules and out-of-zone requests are usually not approved.

The client then said you mean school choice is now done by the people that can afford a more expensive home. I said I guess in a way you are right the wealthy already have "school choice" since...

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Does a Veteran rate their own Buyer's agent and real estate attorney! They certainly deserve it!

Not really! The Veteran Home Buyer using a VA Loan  cannot pay for their own Buyer's Agent- according to the Veterans Administration

 

When I first started real estate in 2003 I thought, boy the Seller pays for the Buyer’s Agent’s commission that’s pretty nice of them. This is called a cooperating agent’s fee (“Selling Agent” is the correct term, the owner’s agent is the “Listing Agent”). This Compensation fee is what the Listing Agent/brokerage and Owner have agreed to be paid from the “Total Commission”. It could be 1%,2%,3%... out of a total commission of 4%,5%,6,% or 7% (with the remainder going to the listing agent/brokerage).

There are many discussions/debates that you can find on...

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The Virtual Picture of you online!

Who are you online?

 

Have you seen the Virtual Online YOU? Here it is, this is the Virtual Online You!

Thinking of buying or selling a home? Banks, Lenders, and yes Real Estate Agents may know that. They may know more than that...

 

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Brrrr – Where is that air coming from?  

 

Well, it is that time of year and by now you aware of the cold winter temps but you don’t notice it as much until the utility bills come in. Here are a few reminders and tips to help keep that heating bill down and your comfort leverl higher:

 

  1. If you have a garage check out the seals around the garage door, don’t forget to examine the weather strip at the bottom of the door. If you happen to have a unlevel concrete at the bottom of the door look up on the internet for a bottom seal that can cover a gap of 1-2 inches!
  1. In my house I have a crawl space with...

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Time to buy – Stay Dry! Is flooding still an issue?

Is flooding still an issue?

It is sometimes easy to forget during the drier part of the winter season that the rainy spring season is around the corner. Coastal Virginia in Hampton Roads had a crazy flood season two years ago.  Some homes flooded for the first time. Homeowners and renters living there were severely affected. The flooding waters came as a shock and a big additional expense to the homeowners and renters.

Since then, the flood zone maps have been reviewed and updated.  Some flood zones can mandate flood insurance which will impact the monthly financials of owners and renters. Yearly flood insurance can range from a few hundred...

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This is the time to help prevent both a house cold and a cold house

This is the time to help prevent both a house cold and a cold house | RE/MAX Virginia

It is that time of year when the weather changes. We are now in the middle of the fall season and it is beautiful outside, but the cold front will soon start coming down from Canada. For a majority of cities in the United States it is not cold yet but it is on the way soon. Now is the time to perform a check of your home. Is it ready to withstand the cold temperatures?

For most of the homes here in the Virginia Beach, Norfolk, Chesapeake, Portsmouth, Hampton, Newport News, Suffolk and the surrounding area, we do not have basements! Our homes are usually bilt on a slab or crawl space. Having said that, there are two things we need to look out for:

  1. Preventing damage to the home...

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Pocket Listings, Secret Listings or Future listings- ARE they legal???

Pocket listings or Future listings is an advertising method of withholding a property from the local MLS and advertising it within a brokerage (company) or network. This is perhaps a selling point to a buyer looking for a home that wants the “true inside scoop” on listings and future listings. This way they can get a head start on the competition and get “That” house before anyone else. Sounds good, but is it?

Perhaps to the buyer, but what about the seller? The job of the listing agent is to get the highest price and best terms possible for the seller! Will that normally happen in a so-called “Pocket Listing”? A very few number of agents say yes, but the majority of agents agree that selling a home in the open market with the best advertising will get that seller the...

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Getting there is getting easier and faster in Hampton Roads!

I hope this Halloween weekend finds everyone doing something enjoyable. I wanted to give a little information about some road developments that affect people’s decision about where to live and how to get around a bit faster!

Chesapeake is in the final process of opening up Rte 17. It will have a toll on it, but will make a significant cut in driving time to the Grassfield School area our top rated school in the area. Here is more info from the city http://www.cityofchesapeake.net/Page3340.aspx

Below is the current status of the Lynnhaven- Volvo connection that will alleviate some of the congestion of the 264-64 interchange, but more importantly gives our area an East to West route from the Beach/Oceana area to the Greenbriar Mall area. Below is a picture of the short term...

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Who do I trust to be my real estate agent?

First we need to figure out:

  • How do you become a real estate agent?
  • What is the job of a real estate agent?
  • Are all real estate agents the same?
  • Are all agents REALTORS®?
  • What do you need from a real estate agent?


What is a real estate agent? I have heard several answers from clients, customers, friends, callers and other agents. Some say that agents are salespersons (after all we are in sales!). I beg to differ on that answer.

A real estate agent is someone that:

  • Has taken a real estate licensing course
  • Passed both the National and State level exams
  • Is legally permitted to fill in and modify real estate contracts in the purchase or selling of real...

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