Shannon Allen Realtor

Real Estate in Norfolk & Virginia Beach VA


1 Comment

Norfolk VA Home Buyer Frequently Asked Questions – What is Title Insurance?

Shannon Allen Norfolk VA RealtorNorfolk, VA – When buying a home in Norfolk VA, you will be asked if you’d like to purchase tittle insurance. Title insurance protects you, the new owner, of any problems affecting the property’s title that may arise at a later date.

Shannon Allen, Realtor with Judy Boone, in Norfolk VA explains, “There are two types of title insurance. The first is an owner’s policy which protects the buyer, and the second is a lender’s policy, which covers the lender. Your lender will purchase a title insurance police to protect their interest of the loan, but it is up to you, as the buyer, to obtain an owner’s title insurance policy to protect your interest.” Continue reading


1 Comment

Beach Condo Sales on the Rise in Ocean View Norfolk VA

shannon allen top norfolk va real estate agentOcean View Norfolk, VA – Waterfront condo sales continue to rise in East Ocean View and Ocean View. Properties along The Chesapeake Bay are extremely popular with home buyers in Norfolk VA. Residents enjoy relaxing on the beach, listening to the surf, dining at local eateries, attending community events, and having front row seats to incredible sunrises and sunsets. Continue reading


Leave a comment

What Factors Affect Your Interest Rate in Norfolk VA

Shanon Allen Norfolk VA RealtorNorfolk VA – Interest rates remain low and are forecasted to remain steady for the next several months. Many people are entering the housing market to take advantage of the low mortgage rates; however, it is important to note that the interest rate for your mortgage is affected by several factors, including your credit history, and the type of property you wish to purchase. If you are considering buying a home in Norfolk VA this spring, be sure to keep these factors in mind, as they are the influencers that will affect your mortgage interest rate.

  • Credit Score It’s true that your credit score is one of the most important factors in determining the rate of your mortgage.
  • Property TypeThere may be pricing adjustments for condominiums and multi-family properties as opposed to a single-family purchase.
  • Loan to Value – This is your down payment for a purchase. The lower your loan to value (LTV), the better your interest rate may be.

Shannon Allen, Realtor

Judy Boone Realty | 809 E Ocean View Ave | Norfolk VA

(Cell) 757-647-3126  |(Office) 757-587-2800

realtor-logounknown

shannon allen norfolk va realtor