Category Archives: Shameless Self Promotion
Testimonial from an International Buyer Client
I don’t often post notes from my clients, but this one is an exception: 1 – It’s a great note.
…We would like to take the time to express our gratitude for your outstanding service in the purchase of our home at [redacted]. In our estimatino, you went above and beyond to assist us with the initiation, execution and completion of the transaction. … In our estimation you have set the bar very high for future real estate transactions with other agents. it was one of the smoothest transactions we have ever experienced. Continue reading
Show Notes from Sunday’s Radio Show Discussing Charlottesville’s Real Estate Market
Assessments are a starting point when looking at market value. – Pricing a home to sell in Charlottesville – price it right from Day One, regardless of what you need or want to make. – What are some of the steps to take in preparation/anticipation of selling a home? … Less about staging and de-cluttering and more about the psychological steps taken to prepare for selling. – Selling vacant homes in Charlottesville – – This is the story about vacant homes and homeowner’s insurance – Getting rid of the house. – ” Accidental landlords ” – Accidental Landlords and the Shadow Inventory – What if – you can’t sell your home for more than you paid for it? … Businesses are held to different standards than homeowners – right, wrong ? – Fannie Mae Cracking Down on Walkaways – Fannie Mae’s Announcement – “Fannie Mae will also take legal action to recoup the outstanding mortgage debt from borrowers who strategically default on their loans in jurisdictions that allow for deficiency judgments” – Lenders Chase Borrowers for Money Lost in Foreclosures – “In many states — such as Florida, Illinois, New York, Texas, and Virginia, to name a few — lenders have the legal right, known as a deficiency judgment , to go after borrowers who owe money on their foreclosed home. … Is the Charlottesville area housing market accessible to to seniors? – What is the Charlottesville real estate market doing right now ? – — Ignore the national real estate data — Charlottesville and Albemarle foreclosures are increasing — Detroit’s bulldozing homes ; Charlottesville’s not that bad. — One of the reasons that the Culpeper market has been hurt so badly – It’s the exurbs . Continue reading
Discussing the Charlottesville Real Estate Market on WNRN – 27 June 2010
I’ll be discussing the state of the Charlottesville real estate market this weekend on WNRN . The following are some of the stories I was (re)reading earlier this week to prep for the show.
… Vacant Homes for Sale in Charlottesville and Albemarle – June 2010
… http://www.housingwatch.com/2010/06/18/lenders-chase-borrowers-for-money-lost-in-foreclosures/ Continue reading
Foreclosures in Charlottesville Increasing – As Expected
Following up on the Charlottesville Bubble Blog’s noting that foreclosures in the Charlottesville MSA are up: As expected (I noted in 2009 that foreclosures in Charlottesville would likely increase ): What does this all mean from a market standpoint? Foreclosure activity is likely to increase, but we are nowhere near the foreclosure rates and percentages of the major foreclosure hotspots -parts of Florida, Phoenix, California – which account for a majority of national foreclosures. Foreclosure Data for Virginia (PDF) Look at mortgage conditions in Charlottesville at the New York Fed’s map . We’ll get through this. Continue reading
My Clients’ New Home in Charlottesville
Thanks to Latitude 38, this is their new home in the City of Charlottesville : I’m always astounded when builders manage to actually fix the bajillion pieces together. I’m grateful to have wonderful clients who worked with a great builder to make this happen. Located on Mulberry Avenue near Cherry Avenue, another young family is moving in today and have plans to soon add a chicken coop and vegetable garden out back. … Note that there is a stream running through the front yard, so we built a bridge to access the house from the driveway. Continue reading
Foreclosures, FHA and Tax Credit Timelines and a Look at 2010
Some of the topics we discussed: – Foreclosures in Charlottesville’s MSA – FHA’s increasing limits/guidelines (story coming later this week) and their impact on the real estate market, specifically first-time homebuyers. – The homebuyer tax credit’s impending expiration – If you’re buying a home, you must have it under contract by 30 April 2010 . – How much time do buyers and sellers have before FHA and homebuyer tax credit hit the market? … I appreciate you waiting while I could do that because I wanted to share that press conference with people because folks haven’t have a chance yet to hear WINA has been playing extended clips but they haven’t had a chance to hear the entire thing from beginning to end and if we have time again today I’m going to play that again and it will be podcast www.wina.com and www.cvillepodcast.com .
…We have the volume of sales in the Charlottesville area are up in some categories dramatically from a percentage wise year over year or actually quarter over quarter, but what we’re seeing is I think that that may be a false indication of what’s going to happen in the next three to five years. … Duncan: One of the things that I think we’re seeing now is that the people who are buying now are doing it now with the intent to be in the community and that’s something that we haven’t seen over the last five to seven years. Continue reading
Tune into WINA radio tomorrow at 4:10
Please tune in to WINA radio – 1070 AM – tomorrow at 4:10pm to hear Coy Barefoot and me discuss the Charlottesville area real estate market in 2009 and what 2010 may bring. Are there any specific topics you would us to discuss? Questions that haven’t been discussed substantively anywhere else? Continue reading
Five Years of Real Estate Blogging
For my readers and clients (and potential clients) – please contact me anytime with questions about the Charlottesville regional real estate market, story suggestions, tips, I worked hard on last year’s “blog-iversary” post where I looked back at four years of blogging about the Charlottesville real estate market , so I won’t do the same this year. … I and we at Nest will just continue doing what we think is right for our clients; ” Dual Agency is not in the client’s best interest — it’s only in the agent’s best interest “.
…Tools don’t make you good at what you do – in my case, representing clients. – My archives are getting full. – I’m trying to stick with my roots – writing about the Charlottesville real estate market, growth, politics, etc. .
…I serve on the Charlottesville Realtor Association Board of Directors , a committee or workgroup here or there, just finished my fairly fruitless term on the Virginia Association of Realtors’ Public Policy Group, will be beginning service on a VAR Group tasked with evaluating Virginia’s Agency laws (because, since the early ’90′s “much has changed in real estate with the advent of new technologies, business practices and consumer expectations.”) and will continue to serve on National Association of Realtors Groups and Committees whenever I am asked. Continue reading
