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All agents are NOT alike! Find out why I am a top real estate expert. Call me: 757-373-5934.

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Real Estate Tips
Bargain Properties >A Home With a History

A colorful history can add significantly to the value of a home. Researching the provenance of a property you are interested in buying can be both interesting and ultimately profitable. The market value of a home will be greater if it was designed by a notable architect, built by a company with a reputation for the finest construction, or lived in by a celebrity who hosted famous guests.

Ask your real estate agent if there is any historical data of significance associated with the home, or if previous owners were VIPs. Note the names associated with the deed and title to the home, and look them up with the help of the local historical society. Consult the microfiche in newspaper archives for references to colorful details of the home's past. The county assessor's office may have records of the date the home was built, and building permits may reveal the name of the architect. When inspecting the home, search closets and attics carefully for hidden historical "treasures".

Buying an older home at a bargain price, then re-selling when it is renovated and restored can be an enjoyable and lucrative adventure.

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Real Estate Trivia
Q 
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?

A 
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.
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Mike Narlis, REALTOR®, real estate agent and broker for Chesapeake, Virginia Beach and Norfolk, Virginia home listings, property and land for sale - NUMBER1EXPERT™

Mike Narlis
William E. Wood & Assoc.

128 Battlefield Blvd. North
Chesapeake, VA 23320
757-373-5934
Fax: 757-410-3475
mikenarlis@NUMBER1EXPERT.com

Born and raised in the Hampton roads area I know the area well and having kids I understand the stress a family faces finding the right home in a neighborhood and school district that meets their expectations.I hope to exceed your expections with the work I do for you, and I also want to thank my past clients for their referrals,which to me means I did have a positive impact on thier decesion to use my services, and I hope to do the same for you.

ABR


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