http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/ Tracking Charlottesville's Real Estate Market since 2005 Sun, 12 Feb 2012 23:56:00 +0000 hourly 1 http://wordpress.org/?v= http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/#comment-23011 Why Aren’t You Buying RIGHT NOW? Part 1 | Real Central VA Fri, 23 Jan 2009 13:01:33 +0000 http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/#comment-23011 [...] Part 2, coming Tuesday, will look at the results of last week’s poll. [...] [...] Part 2, coming Tuesday, will look at the results of last week’s poll. [...]

]]> http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/#comment-21738 Anslem Gentle Fri, 16 Jan 2009 19:25:24 +0000 http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/#comment-21738 I have been monitoring the cville housing market for about a year now and I am still amazed at some of the prices that some people and builders are asking for their property. I realize that Cville is far from a poor city and I know that their is a lot of wealth in the area, but I truly think that a lot of sellers are being unrealistic in their asking price. I believe it will be a "game of chicken" to see who will blink first. The seller that is still trying to turn a profit, or the buyer not willing to miss out on a good property at a good price. Fortunately for me, the advantage is to the buyer. With so many empty properties in the area, it's smarter to rent a house at half the price you would spend on a mortgage and invest the difference until you get a good deal. Although owning my own home is something that I am very keen on doing, in this market, the best deals will go to those who are vigilant and prepared to move quickly. They say that timing the market is a very tricky thing to do, and I would tend to agree with that. But when a 4 bedroom house in Cville is still going for 500K plus, with no parking and only 10 feet of room on either side (Belvedere) that tells me that there is still room to maneuver. I can wait. I have been monitoring the cville housing market for about a year now and I am still amazed at some of the prices that some people and builders are asking for their property. I realize that Cville is far from a poor city and I know that their is a lot of wealth in the area, but I truly think that a lot of sellers are being unrealistic in their asking price. I believe it will be a “game of chicken” to see who will blink first. The seller that is still trying to turn a profit, or the buyer not willing to miss out on a good property at a good price. Fortunately for me, the advantage is to the buyer. With so many empty properties in the area, it’s smarter to rent a house at half the price you would spend on a mortgage and invest the difference until you get a good deal. Although owning my own home is something that I am very keen on doing, in this market, the best deals will go to those who are vigilant and prepared to move quickly. They say that timing the market is a very tricky thing to do, and I would tend to agree with that. But when a 4 bedroom house in Cville is still going for 500K plus, with no parking and only 10 feet of room on either side (Belvedere) that tells me that there is still room to maneuver. I can wait.

]]> http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/#comment-21508 Testing a New Category - New Deals | RealCrozetVA Thu, 15 Jan 2009 16:42:24 +0000 http://www.realcentralva.com/2009/01/14/are-you-buying-right-now/#comment-21508 [...] for homes in Crozet at my Crozet home search page. As a means to gauge buyer sentiment, I also have a poll at RealCentralVA; please consider voicing your [...] [...] for homes in Crozet at my Crozet home search page. As a means to gauge buyer sentiment, I also have a poll at RealCentralVA; please consider voicing your [...]

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