Paul Morreira - Realtor

11/14/2024

Doooeet!

11/14/2024

Discover this charming 3-bedroom, 2-bathroom home with an open floor plan, vaulted ceilings, and recent upgrades. The spacious lot features an extended driveway and fenced-in backyard, perfect for entertaining or relaxation, and is conveniently located near interstates, military bases, shopping, and dining.

Paul Morreira
Marable Realty Team
Iron Valley Real Estate | Hampton Roads
REALTOR®
Military Relocation Professional (MRP)®
Licensed in VA
555 Belaire Ave, Ste 270
Chesapeake, VA 23320
Office: 757.645.9700
Cell: 361.549.6201
Email: [email protected]

Listed for sale at $355000. Welcome to this charming 3-bedroom, 2-bathroom home featuring an inviting open floor plan with vaulted ceilings. The mai...

11/14/2024

Move-in ready 3BR/2BA home with modern finishes! Open concept living, kitchen with espresso cabinets, private backyard, and convenient location. First floor bedroom and full bath, plus 2 additional bedrooms upstairs. Could make an excellent rental property to add to your portfolio! Contact us for a showing!


Paul Morreira
Marable Realty Team
Iron Valley Real Estate | Hampton Roads
REALTOR®
Military Relocation Professional (MRP)®
Licensed in VA
555 Belaire Ave, Ste 270
Chesapeake, VA 23320
Office: 757.645.9700
Cell: 361.549.6201
Email: [email protected]

Listed for sale at $275000. Just bring your things and move-in! Home has 3 bedrooms, 2 baths with an open concept living room, and eat-in kitchen. I...

11/14/2024

This home offers the perfect blend of convenience and charm, with updates including kitchen, bathroom, and roof. Hardwood floors, ample storage, and a fenced-in backyard with deck make it a must-see. In the market, know someone relocating to the area, or maybe you know someone looking to buy; give me a shout!

Paul Morreira
Marable Realty Team
Iron Valley Real Estate | Hampton Roads
REALTOR®
Military Relocation Professional (MRP)®
Licensed in VA
555 Belaire Ave, Ste 270
Chesapeake, VA 23320
Office: 757.645.9700
Cell: 361.549.6201
Email: [email protected]

Listed for sale at $255000. This charming home is ideally situated near Langley Air Force Base, Peninsula Town Center, and Sandy Bottom Nature Park,...

10/30/2024

OFFER OUT!

10/25/2024

Did you know August is a great time to explore investment properties? 🏡 With seasonal price fluctuations and end-of-summer sales, there are unique opportunities for savvy buyers. Whether you're looking to build your portfolio or take the first step into real estate investing, this could be the perfect time to dive in! 📈 Ready to find an investment property that fits your goals? Let’s connect, and I’ll help you navigate the market and find the right opportunities! 📲

Paul Morreira
Marable Realty Team
Iron Valley Real Estate | Hampton Roads
REALTOR®
Military Relocation Professional (MRP)®
Licensed in VA
555 Belaire Ave, Ste 270
Chesapeake, VA 23320
Office: 757.645.9700
Cell: 361.549.6201
Email: [email protected]

10/25/2024

Some people are worried that higher costs for everything from gas to groceries will put a pinch on homeowners and lead to a wave of foreclosures hitting the market.

But the latest data helps ease those concerns. Foreclosure activity is still far below levels seen during the last crash.

There's no wave of foreclosures on the horizon. This is just one reason why we’re not headed for a repeat of 2008.

10/23/2024

Today was a good day! Hopefully imparting some knowledge about an application to help others manage and perform their jobs more easily with the software application developed with that purpose in mind.

Getting to know my coworkers more and more on the daily and truly enjoying the relationships that we’re forging.

Started the evening breaking bread with longtime friends, neighbors, and family was what I thought to be the highlight of my evening only to return to the hotel and meet and get to know better a young man with a lot more similarities in life than I would’ve ever expected. He gave me perspectives, and hopefully, I shared mine with him, and at the end of the day shared contacts, advice, and who knows may become the next successful realtor here in the panhandle. Jonathan Bartlett, Sandi Smith put this guy in touch with who he needs to become successful in real estate should he desire to do so, I’ll DM you his contact info. Here’s to tomorrow being a repeat of today or maybe even better.

10/20/2024

🤨LETS HAVE A UNCOMFORTABLE CONVERSATION THAT YOU NEED TO HEAR

📈These interest rates SHOULD NOT BE SCARING YOU
📉What comes up MUST come down

For those of you saying "we want to wait to buy until rates go down" WHAT DO YOU THINK IS GOING TO HAPPEN WHEN RATES GO DOWN?

🌋 Did you see what was going on in 2020-2021 housing market?
💸Did you see people paying $20,000 - $50,000 or more OVER asking for a house? - YES
🔨Were people able to negotiate repairs on homes prior to closing? - NO
💰Did buyers get closing cost assistance - NO they didn't!

👉YOU👈 ARE LEAVING OPPORTUNITY ON THE TABLE

😨but Paul, the rates are just too high
✋AHT AHT, NO! RENT IS TOO HIGH! Rent is 100% interest and will keep increasing every year. Keep making your landlord RICH.💰 You want to end the cycle of being broke, buy a house. Your mortgage payment wont go up every year by the bank. Sure taxes increase but thats small compared to rent increases. 5-10 years from now, SELL That house and buy something else, you will see your cash start stacking. Or don't sell rent it out, get the equity out and buy something else, let your tenants pay it off!

🔮Home prices have HISTORICALLY increased in value, take any 10 year period and you will see it.

🤔WHAT DOES HISTORY DO?
✔️IT REPEATS ITSELF!!

Refinance that house when rates do come down and thank me in 5 - 10 years when you have a ton of equity and more money in your pocket.

If you need someone to kick you into gear to improve your wealth I'm here to talk.

Paul Morreira
Marable Realty Team
Iron Valley Real Estate | Hampton Roads
REALTOR®
Military Relocation Professional (MRP)®
Licensed in VA
555 Belaire Ave, Ste 270
Chesapeake, VA 23320
Office: 757.645.9700
Cell: 361.549.6201
Email: [email protected]

Virginia Beach VA Real Estate & Homes for Sale | Iron Valley Real Estate Hampton Roads | Virginia Beach

10/20/2024

Offer out!

10/11/2024

~September 2024 Market Summary~ of year-over-year residential activity for HAMPTON ROADS.

Here’s a detailed breakdown of the data:

1. Active Listings
- **22.84% increase** year-over-year.
- September 2024: 4,641 listings.
- September 2023: 3,778 listings.
- Interpretation: The inventory of homes available on the market has grown significantly compared to last year, which could mean more options for buyers or less competition for sellers.

2. Pending Sales
- **11.28% increase** year-over-year.
- September 2024: 2,062 pending sales.
- September 2023: 1,853 pending sales.
- Interpretation: There’s a noticeable rise in pending home sales, indicating more buyer activity, possibly reflecting increasing demand.

3. Settled Sales
- **4.87% decrease** year-over-year.
- September 2024: 1,932 settled sales.
- September 2023: 2,031 settled sales.
- Interpretation: Closed transactions have slightly decreased, suggesting some challenges converting pending sales to finalized deals. This might indicate stricter lending conditions or buyer hesitation.

4. New Construction Sales
- **5.91% decrease** year-over-year.
- September 2024: 191 sales.
- September 2023: 203 sales.
- Interpretation: Fewer new construction homes are being sold, which could reflect issues in the new construction sector, such as labor shortages, supply chain disruptions, or reduced demand for newly built homes.

5. Median Sales Price
- **5.08% increase** year-over-year.
- September 2024: $349,900.
- September 2023: $333,000.
- Interpretation: Home prices continue to appreciate, potentially signaling strong demand or inflationary pressures in the housing market.

Overall Summary:
- The market shows signs of expansion in terms of available inventory (active listings) and pending sales, which is a positive indicator for market health.
- There is a slight reduction in settled and new construction sales, which could point to specific issues in closing deals or challenges within the new construction market.
- The rise in median sales prices suggests home values are still on an upward trend, making it a good time for sellers but possibly challenging for buyers.