• Menu
    757-943-9184
    jackiegonzalez@kw.com

Virginia Beach LivingVirginia Beach Living

Buying or Selling a home? Call today!

  • Search for Homes
    • Featured Listings
  • Buyers
    • Keys to a Successful Purchase
    • Have Military Relocation or PCS Orders?
    • Take a First-Time Home Buyers Class
    • Simple Mortgage Calculator
    • Is It A Good Time to Buy A Home?
  • Sellers
    • Selling Your Home
    • What’s Your Home Worth?
    • SURVIVAL GUIDE FOR FIRST-TIME HOME SELLERS
    • Where to Live Between Buying and Selling
    • Mistakes To Avoid When Selling Your Home
    • 6 Important Things Sellers Often Forget to Do
    • Should I Fix Up My Home or Sell It As Is?
    • “We’re Going To Try Selling It Ourselves”
    • Home Maintenance
  • About Jackie
    • Get In Touch
    • Blog
    • News & Events
    • Resources

January 2019 Real Estate Market Outlook

Here is the January 2019 Market Outlook for Virginia Beach and the surrounding areas of Hampton Roads.  More information can be obtained from The Real Estate Information Network. Read more here….

Cities

Median Residential
Sales Price

Norfolk
Virginia Beach
Portsmouth
Chesapeake
Suffolk
Hampton
Newport News

$194,000
$254,900
$150,500
$266,250
$253,500
$175,500
$175,000

 

Tax Benefits For Homeowners

Benjamin Franklin coined the phrase “‘In this world nothing can be said to be certain, except death and taxes.” However, on a more positive note, you can also be certain of tax benefits ­ – if you are a homeowner.

Buying a home can provide valuable tax savings to home buyers. Mortgage interest, property tax, and other payments associated with buying a home can go towards your tax deduc­tions. They may decrease the amount of income tax you have to pay to the federal government.

Another advantage to owning a home is that as you begin to pay off your mortgage you build equity in your property. The value of your home can increase as your mortgage balance decreases over time.

For those who rent, the tax savings of ownership go to the landlord – not to the tenants. Wouldn’t you rather build equity for yourself every month instead of paying some­one else and giving away “your” tax savings?

More Advantages of Home Ownership

Savings: When you are a homeowner, your monthly mortgage payments can serve as a type of savings plan. Over time you will gain what lenders call “equity,” an ownership interest in your house that you may be able to borrow against or turn into to cash by selling the house.

Stable Housing Costs: While rents typically go up year after year, the principal and interest portion of most mortgage payments remains basically unchanged for the entire repayment period.

Increased Home Value: Houses typically increase in value over time. It’s not unusual for a house that sold 15 years ago to be valued at much more than its selling price today. This increased value is as good as money in the bank to the homeowner.

WONDERING HOW MUCH YOUR HOME’S VALUE IS? FIND OUT NOW!

ARE YOUR THINKING ABOUT BUYING OR SELLING?

I’m here to help guide you through your experience of buying or selling a home in Virginia Beach and areas of Hampton Roads.

Connect with Me Today!

Searching for Homes?

The Keller Williams Realty Real Estate Search is available on Android, iPhone, and iPad and gives you access to more than 4 million homes.

Start your home search now!

DOWNLOAD THE KW APP

LOOKING FOR MORE INFORMATION?

You’ll receive the benefits of learning about great neighborhoods, trends and hot spots throughout Hampton Roads.

Explore Our Communities

I hope that you enjoyed this post!

Find More Valuable Information and Read My Blog!

Posted in: Posts

Post navigation

« Ever Climbed Mount Trashmore?
February 2019 Real Estate Market Outlook »

Search Thousands of Properties For Sale

Recent Posts

  • Where to Live Between Buying and Selling
  • Simple Mortgage Calculator
  • Selling a home? Get What You Deserve!
  • 10 Reasons to Buy New Construction
  • Virginia Beach News and Weather

About Jackie

Taking the stress out of moving allows you to focus on one thing –  packing for your new destination!

I’ll help you move with the least hassles, taking care of the details so you can move with confidence.

If you’re curious and want to learn more, don’t hesitate to get in touch with me.

SEND A MESSAGE

Keller Williams Town Center

One Columbus Center #700, Virginia Beach VA 23462

757-943-9184
Search for:

Keller Williams Town Center

Jackie Gonzalez
Keller Williams Town Center
Licensed Virginia Realtor®
1 Columbus Circle, Suite 700
Virginia Beach, VA 23462
Direct: (757) 943-9184
Facebook: https://facebook.com/jgonzalezhomes

© 2023 · Jackie Gonzalez, Licensed Virginia Realtor®, Keller Williams Town Center

Terms of Service | Privacy Policy | DMCA Notice

© 2020 Keller Williams Realty, Inc. is a real estate franchise company. Each Keller Williams office is independently owned and operated. Keller Williams Realty, Inc. is an Equal Opportunity Employer and supports the Fair Housing Act.

Log in