We are your Full Service Real Estate Firm and can help you with selling your home,
buying a home, property management or relocation services
in Hampton Roads, Virginia (Virginia Beach, Chesapeake, Norfolk, Suffolk, Portsmouth, Hampton & Newport News)
Selling Your Home
Your 4 1/2%* Commission Company
* Or Lower Total Commission - Our commission structure is broken down three ways to offer additional opportunities to save!
- 4 1/2% Total Commission ~ If SOLD by Other Agent - This is when we place your property in the Multiple Listing Service and another
real estate brokerage firm sells it.
- 3% Total Commission ~ If SOLD by Listing Agent - This is when the Listing Agent sells the property without engaging
any other real estate agents or brokerage firms.
- 1 1/2% Total Commission ~ If Seller forwards Buyer - If the Seller has a Buyer that wants to buy the property but doesn't
want to deal with the closing details.
The real estate selling process can be very complex with all of the state and federal laws, local municipality requirements,
civil rights laws, deed and title requirements, lead paint issues, various contingencies and the reams of paper work.
With our 20+ years of experience we can help make this process much easier.
The 10 most Important things to consider when selling Real Estate.
- Determine when you want to sell. Do you have to be someplace by a certain date?
- Determine how long the process will take.
- Decide where you will be moving after the sale.
- Do you need assistance finding an Agent in another area?
- What do you need to do to prepare the property prior to putting it on the market?
- Be sure you have a basic understanding of the entire selling process: putting the property on the market, showing the property to
Agents/Buyers, negotiating and accepting an offer (from a qualified Buyer!), the Buyer's inspection, the time between accepting an offer
and closing, and moving out.
- Find a top quality Real Estate Agent. This might be the most important thing you do. We recommend that you do not make this choice
casually. Get referrals from people you know, note Agents that are active in your area, "interview" Agents and find out what they can offer.
- Determine what things your Agent is responsible for and the things that you are responsible for. Sharing your expectations is very
important. If you are buying a home as well as selling, be sure you discuss how that will work with the selling process. If you are
moving in the same area, your Agent can probably help you with both the sale and the purchase.
- Be sure to put your property on the market at a fair price -- one that will net you top dollar, but be competitive so you avoid a
long market time.
- Make sure your property is easily accessible for Agents and their Buyers. If they can't get in at their convenience (during
reasonable hours), you will find it very difficult to get a sale.
- If you have chosen a good Agent, understand the process, and communicate extensively with your Agent, this can be a fairly smooth
and painless project.
Buying a Home
Agency - Who Represents Whom in a Real Estate Transaction
Before working with real estate brokers or agents in buying or selling a home, you should know that their duties depend on whom they
represent. There are three types of relationships defined by law that a broker or agent can have with you. It's important to understand
the terms used to define these relationships.
If you are a prospective buyer, you should know that the broker who lists the property for sale or lease is the owner's agent. A broker
who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the
buyer. A broker may act as an intermediary between the parties if they give consent in writing. A broker can assist you in locating a
property, preparing a contract or lease or obtaining financing without representing you. A broker is obligated by law to treat all
- When the broker represents the owner - The broker becomes the owner's agent by entering into an agreement, usually through a written listing agreement. A broker may also become
an owner's agent by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a
different real estate office. A listing broker or subagent can assist the buyer, but does not represent the buyer and must place the
interests of the owner first. Buyers should not tell the owner's agent anything they would not want the owner to know because this
information must be disclosed to the owner.
- If the broker acts an intermediary or dual agent - A broker may act as an intermediary between the buyer and seller if each party gives consent in writing. The written consent must state
who will pay the broker and, in conspicuous bold or underlined print, state intermediary obligations. A broker who acts as an intermediary
in a transaction: 1) shall treat all parties honestly; 2) may not disclose that the owner will accept a price less than the asking price
unless authorized by the owner in writing to do so; 3) may not disclose that the buyer will pay a price greater than the price submitted
in a written offer unless authorized in writing to do so by the buyer; and 4) may not disclose any confidential information or any
information that a party specifically describes in writing not to disclose unless the information materially relates to the condition of the
property. With the parties' consent, a broker acting as an intermediary between the parties may appoint licensed agents to each party who are
associated with the broker to communicate with and carry out the instructions of each party.
- If the broker represents the buyer - In order for a broker to represent a buyer there should be a written agreement that
clearly establishes both parties obligations, including how and by whom the broker will be paid. You have the right to choose the type of
representation, if any, you wish to receive. Your payment of a fee does not necessarily establish that the broker represents you. If you
have any questions regarding the duties and responsibilities of the broker, you should resolve these questions before proceeding further.
Should you have any questions on the buying process feel free to call us at (757) 498-4300 or
AmeriStar Realty currently manages over 80 properties ranging from single family to townhomes. Our standard rate for this is 8% of the
monthly rent. We provide the following services:
- Proper property evaluation attracts the best tenants and maximizes return on investment. A market analysis is used to determine the
highest rent possible for an area based on location, size, style, amenities and market conditions.
- We advertise for qualified tenant in the local newspaper, local Military housing office, Multiple Listing Service, our website and
- We screen each potential tenant with a credit review, verification of employment and checks with past landlords. All evaluations are done
in compliance with the Virginia Fair Housing and Landlord/Tenant Act.
- Company policy requires security and pet deposits which are held in the company's escrow account. Properties are inspected before the
tenant takes possession and tenants are required to fill out a move-in inspection form within 5 days of occupancy. Areas that require
additional occupancy inspections by the city are coordinated.
- All repairs and maintenance issues are coordinated by us and require the owner's permission past a certain dollar amount.
- All rent payments are made to the company. All authorized repair expenses and management fees are deducted from the next months rent
and owner proceeds can be deposited locally or mailed to any location. We provide a monthly accounting and year-end tax statement. We also
coordinate any legal action to secure past due rents.
To find out how our Professional Property Management services can be put to work for you please call Brenda Walker at (757) 498-4300.
Congratulations on your decision to relocate to the Southern Hampton Roads ara including Virginia Beach, Chesapeake, Norfolk, Suffolk, and
Portsmouth. Relocating for business or personal reasons, whether across the country or overseas, can be an exciting yet challenging experience.