RE/MAX Alliance VB Makes a Difference as ‘Miracle Office’ for CHKD for the 22nd Year

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RE/MAX Alliance has made a difference in Virginia Beach and the overall Hampton Roads community by receiving the Miracle Office designation by fundraising over $166,000. Primary funds are generated by the Miracle Home and Miracle Property programs, RE/MAX Associates can make a donation to Children’s Miracle Network Hospitals® after each residential and commercial transaction that the company has streamlined to make it an easy process for their agents. All donations benefit Virginia’s only free-standing children’s hospital, Children’s Hospital of The King’s Daughters (CHKD), the local CMN Hospital. Miracle Office is a designation awarded exclusively to RE/MAX brokerages through their national partnership with the Children’s Miracle Network organization. The Virginia Beach office has successfully achieved this designation for 22 years, ever since the launch of the Miracle Home program and partnership. This office is to join just two other offices total with this privileged designation for 2018.

The second major source of support to this local hospital is an internally-initiated ‘full service’ Holiday Toy and Gift Drive hosted at the real estate office, complete with personal gift wrapping (wearing ugly holiday sweaters of course), followed by hand-delivering to the patients with their very own Santa. After over 14 years of participating in this annual staple, they now collect 1,000+ gifts per year- truly spreading holiday cheer throughout the four hospital floors. Due to their large presence, the RE/MAX Alliance VB-provided Santa is now the only Santa, replacing what was three that would share duties.

Holiday Gift Drive organizers Trudy Hoff (Co-Owner and REALTOR®, RE/MAX Alliance VB), the late Mick Hoff (Co-owner, RE/MAX Alliance VB), and Traci Lewis VanCamp (REALTOR®, RE/MAX Alliance VB) initially started this venture with the wish to support local terminally ill children, which progressed naturally from hospital tours by inviting their colleagues and friends, turning into an annual Christmas visit, ultimately advancing to the now mega 1,000+ gift collection annual event.

RE/MAX Affiliates across the U.S. and Canada have raised more than $165 million for 170-member hospitals across the country to support children’s services. In 2017 alone in Hampton Roads more than $37,000 was raised to support CHKD. RE/MAX Miracle Agents, Offices and Teams are dedicated supporters who pledge to donate after each closed property sale and take the time to personally thank their clients for choosing them and that a donation was made in their honor, known as Honor Cards.

The immense participation in both the commission program and the gift drive have resulted in value and connection to the Hampton Roads community out of the natural need to support their personal friends, colleagues, and clients who need this hospital at difficult moments in their lives. The Miracle Office and Miracle Home program is a simple yet impactful way to help raise awareness for the local CMN Hospital.

With the goal to continue to make a difference in the lives of kids such as “Ironman” who pens thank you notes to Santa via the real estate office, the little girl who dreams of ballet shoes, and the 16-year-old with depression who have had a lasting impression on their team and who serves as their ongoing motivation to continue to expand their program. “The few minutes Mick was there as Santa they were not in pain, as Mick was completely immersed in helping these special children” says Trudy Hoff. Per RE/MAX corporate, 62 children enter a CMN Hospital for treatment every minute. As Ms. Hoff continues to explain, as leaders in the Virginia Beach business community, “it’s vital that we show our support for the kids and their families”.

RE/MAX Miracle Agents, Offices and Teams help make a significant impact on the lives of sick and injured children treated at CMN Hospitals across the U.S. and Canada. Over the years, their support of CMN Hospitals has helped provide life-saving treatments, advanced medical equipment and valuable research and education. And the local hospitals determine the best way to allocate those funds based on local need. At CHKD this year, the funds raised support specific programs for Child Life (patient and family support), Buddy Brigade (pet therapy), pastoral care, social work, and more.

The Child Life program is particularly close to the heart of Trudy since her personal creation of her Santa Mick Memorial Fund, to honor her late husband Mick, is the only endowment for Child Life at the hospital. Mick Hoff retired as a Navy Captain for the Civil Engineer Corps. in the Navy, where “supporting military children and families” was a true calling and purpose they shared in together, says Trudy, as they continued to build their relationships and real estate business in Virginia Beach since being stationed here for Mick’s Naval career. One of the hospital’s primary focuses this year is “seeking approval to build a pediatric mental health facility here in Norfolk to improve access to critically-needed inpatient psychiatric care for children and adolescents in our community”, as Kate Ryan in Development for CHKD explained.

As co-organizer of the Annual Christmas Gift Collection event, Traci says, “over time we have developed a system to fully categorize the gifts by gender and age so the donated gifts can be distributed throughout the year”. The future goal of this program is to turn it into a Foundation to be able to receive more outside donations so they can impact even more families year-round.

This office truly proves that that they are actively engaged and remain consistent with their stated mission “To be the Hampton Roads real estate leader, achieving our goals by helping others achieve theirs. Everybody wins.”

Many homes on remax.com are flagged as a Miracle Homes with a CMN Hospitals yellow and red balloon icon. For more information about the Miracle program or RE/MAX Alliance office, please visit www.remax-alliance-virginiabeach-va.com or call 757-456-2345.

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Miracle Makers

We Are Miracle Makers

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Our agents actively support 24+ causes and have deep connections in our community. In our recent office survey, we were overwhelmed with the positive response displaying the great teamwork and community involvement that is evident in our agents and staff. The following is a partial list of what causes are represented by RE/MAX Alliance. Do you see your favorite cause listed? If so, ask us how to partner with us:

Children’s Hospital of The King’s Daughters (CHKD)
Foodbank of Southeastern Virginia and the Eastern Shore
Greater Hampton Roads Diaper Bank / Hampton Roads Diaper Drive
Seton Youth Shelters
Virginia Aquarium & Marine Science Center
Susan G. Komen Tidewater / Susan G. Komen
Wounded Warrior Project
Best Friends Animal Society
USO of Hampton Roads and Central Virginia / USO
Veterans Resource Center
Habitat for Humanity of South Hampton Roads, Inc. / Habitat for Humanity International
Best Day Foundation / Best Day Foundation Chesapeake Bay
Children’s Miracle Network Hospitals
VAREP National
Special Olympics Virginia / Special Olympics
St. Jude Children’s Research Hospital
Young Life
Ronald McDonald House Charities of Norfolk VA
American Cancer Society – Hampton Roads
CMN Miracle Office / Children’s Miracle Network Hospitals Southwest Virginia
PIN Ministries
JCOC
VA/ VRC Memorial Fund
Phi Beta Sigma, Inc.
Crisis Pregnancy Center
OrphaNetwork
and many more…

Keep up the good work!

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50% Of Homes Sold In 30 Days In March [INFOGRAPHIC]

Some Highlights:

  • The National Association of REALTORS® recently surveyed their members for their Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices and market conditions.
  • Homes sold in less than 60 days in 35 out of 50 states and Washington D.C.
  • Homes typically went under contract in 30 days in March!

Source

Hampton Roads Homes

Why Home Prices Are Increasing

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There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there seems to be no shortage of opinion.

However, the increase in prices is easily explained by the theory of supply & demand. Whenever there is a limited supply of an item that is in high demand, prices increase.

It is that simple. In real estate, it takes a six-month supply of existing salable inventory to maintain pricing stability. In most housing markets, anything less than six months will cause home values to appreciate and anything more than seven months will cause prices to depreciate (see chart below).

According to the Existing Home Sales Report from the National Association of Realtors (NAR), the monthly inventory of homes for sale has been below six months for the last five years (see chart below).

Bottom Line

If buyer demand continues to outpace the current supply of existing homes for sale, prices will continue to appreciate. Nothing nefarious is taking place. It is simply the theory of supply & demand working as it should.

Source

Search Virginia Beach Homes

Millionaire To Millennials: Don’t Rent A Home… Buy!

In a CNBC article, self-made millionaire David Bach explained that: The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.

Bach went on to explain:

“Homeowners are worth 40 times more than renters. Now, that first home doesn’t need to be a dream home, it can be a very small home. You might literally have to buy a small studio apartment, but that’s how you get started.” 

Then he explains the secret in order to buy that home!

Don’t do a 30-year mortgage. You want to take that 30-year mortgage and instead pay it off early, do a 15-year mortgage. What happens if you do a 15-year mortgage? Well, one, you pay the mortgage off 15-years sooner, that means you’ll be able to retire in your fifties. Number two, you’ll save a fortune (on potentially hundreds of thousands of dollars in interest payments).”

What will it cost to pay your mortgage in fifteen years? He explains further:

“For fifteen years, you got to brownbag your lunch. Think about that! Brownbag your lunch literally for fifteen years. You can retire ten years sooner than your friends. You’ll have real wealth, because you bought a home – you’re not a renter. And you’ll be financially secure for life.”

Bottom Line

Whenever a well-respected millionaire gives investment advice, people usually clamor to hear it. This millionaire gave simple advice – if you don’t yet live in your own home, go buy one.

Source

RE/MAX Alliance Homes

93% Believe Homeownership Is Important In Attaining The American Dream

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Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:

“Owning a home remains a core element of the American Dream.”

When asked “How important a part of the American dream is owning a home?”

  • 18% of those surveyed said it was the most important part
  • 53% of those surveyed said it was very important
  • 22% of those surveyed said it was somewhat important

Homeownership and Financial Stability

The survey also revealed that 81% of Americans believe that owning a home leads to a family being more financially stable. This feeling was reiterated by Zillow Senior Economist Aaron Terrazas who, in a recent press release, explained:

“After about a two-year slowdown, rent growth is starting to pick back up across the nation…Looking into 2018, rent is expected to continue gaining.

More widespread rent growth could mean home buying demands stay high, as renters who can afford it move away from the unpredictability of rising rents toward therelative stability of a monthly mortgage payment instead.” (emphasis added)

Bottom Line

Owning a home always has been, and always will be, a crucial part of attaining the American Dream.

Source

Hampton Roads Homes

How Supply and Demand Impacts Real Estate Home Values

Some Highlights:

  • The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high!
  • Anything under a 6-month supply is a seller’s market!
  • Nationally, there has not been a 6-months inventory supply since August 2012!
  • Inventory levels differ depending on the area of the country and price range, so be sure to consult your local real estate professional for your exact market conditions.

Source

Virginia Beach Real Estate