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School Reports in Yorktown, Newport News and Williamsburg, Virginia

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Investment Real Estate >Location And Value

One of the most important factors that affect the value of property is obviously location. Wise investment philosophy suggests that you invest in a sound property in a more modest area that will increase in value in the future. Buying into an area that is being gentrified, or that is otherwise coming back, is one way to do this.
Timing is everything, however! Most investors don't want to risk too much by being a pioneer, but want to get involved early enough so that there is still considerable room for appreciation in value. Being a pioneer is fine if you are a risk-taker with a lot of patience and cash is not the primary issue. Otherwise, it is safer to buy into an area after the restoration trend is unmistakably established.

Neighborhoods that are ripe for restoration have some common characteristics. They are next to a prestigious area or in a good walk-to-work location and have houses that are basically in good condition or "fixer-uppers" with realistic price tags.

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Q	What does the term ARM stand for?
A	An ARM is an Adjustable Rate Mortgage, a loan where the interest rate is tied to an economic index that fluctuates with the market.
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Wes Wagner, REALTOR®, real estate agent and broker for Yorktown, Newport News and Williamsburg, Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Wes Wagner
William E. Wood and Associate Realtors
1030 Loftis Blvd, Ste 200
Newport News, VA 23606
757-508-7141
Fax: 757-596-9811
weswagner@NUMBER1EXPERT.com
Wes Wagner is your Award Winning Realtor! He has been a member of the Outstanding Salesmanship Club Since 1984, in the Top 5% of all residential sales agents in the Virginia Peninsula Association of Realtors® for 2006, as well as selling and closing nearly $6 million in real estate in 2006. Wes Wagner is the best in the business so contact him today! Member VPAR outstanding Salesmanship Club for the last twenty three years. Earned Certified Residential Specialist in 1996 - Only 5% of agents qualify, nationwide. More than sixteen years experience.

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