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  • psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813
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Buying property in a down economy

Vodpod videos no longer available.

more about “Buying property in a down economy“, posted with vodpod

 

 

 

TODAYs Meredith Vieira talks to real estate expert Barbara Corcoran about investing in a home in this troubled economy.

 

Thought I would pass this on for anyone considering buying a foreclosure/ Bank Owned Home in the Hampton Roads , Virginia area.

Most of the biggest real estate fortunes were not made in good times, but in bad times like this” Barbara Corcoran reminds us in this talk with NBC

It’s important perspective for Americans wondering how to invest in foreclosed properties without losing their cash or their credit rating.

In the 4-minute interview, Corcoran quips on the basics and the essentials of foreclosure investing,

  • “Everyone who loses their shirt loses it somewhere else.”
  • “Every big shark started small.”
  • “The house on the corner sets the tone for the block.”

She also lends some personal perspective to rent rolls, the cost of losing a tenant, and finding a good business partner.

Banks are anxious to sell their foreclosed homes and that makes this an ideal time for shrewd real estate investors.  If you’re new to the game, watch the video and take good notes.

Click here for a short one line listing of over 500 Foreclosed Bank Owned Homes Currently for sale in Hampton Roads VA.

For detailed up to date list of Bank Owned Foreclosed homes in the Hampton Roads Va area send me an email with Area & Price range John@MrWilliamsburg.com

Click this link to see Stats on Current Foreclosures in Hampton Roads VA

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