Do Sellers in Charlottesville Pay Buyers’ Closing Costs?

Sometimes a post in which I pull data to answer a question becomes a bit more than intended. This is such a post. - Do sellers pay closing costs? - Are we at a sustainable volume of closed transactions? - FHA is helping foreclosed buyers. Do the sellers pay closing costs? Is one of the more common questions I get, whether I'm representing buyers or sellers. A quick look at 2013 so far, 1991 homes have sold in Charlottesville, Albemarle, Fluvanna, Greene, Louisa, Nelson. Of those, 518 have something entered into the "seller concessions" Read More

What’s a Pocket Listing? And Why Should Consumers Care?

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I've been a real estate agent in Charlottesville since 2001 and I've never seen this volume of pocket listings. Is it due to the ubiquity of the internet, the sellers' market (for some segments) or both?* As a consumer, how does this matter to you? Pocket listing: pocket /?päk?t/  listing /?listiNG/ noun A listing for a property that is held by an agent in his or her pocket, marketed quietly (but not surreptitiously), usually within his sphere or brokerage. Quality homes for sale in Read More

Some Segments of the Charlottesville – Albemarle Market Have Turned

At least, after showing dozens of houses over the past few days and seeing many desired homes go under contract before my clients could get to them, this is my conclusion: Some segments of the Charlottesville - Albemarle real estate market have turned. Not all. Maybe not most, but several, possibly even many micro-segments of the Charlottesville real estate market are seeing remarkably low, unhealthily low levels of inventory. For example:* In the Baker-Buter and Hollymead Read More

Albemarle County Real Estate Tax Assessments are Out

Photo courtesy of http://www.flickr.com/photos/bjornmeansbear/4994577087/sizes/s/

Title edit: when I posted this this morning, assessments weren't out. Now (3:45 7 February) I just received the press release from the County. Click through to read the whole thing. (but they're still late :) ) I don't know that there's a "must have these sent by X date" for the release of the Albemarle County real estate tax assessments, but over the past few years, Albemarle assessments have been released by the end of January. In Read More

Low Housing Inventory Stinks – in Charlottesville – Albemarle

Charlottesville Sunset

If you're a buyer in the Charlottesville market, you know that right now, inventory is low. Quality inventory is lower. Depending on your market segment, much lower. Be prepared to wait. And then, be prepared to move quickly when the right house comes on the market. Now is the time to start your education on and about the Charlottesville real estate market, so that when January comes, you'll be ready. (Seriously; if you're looking, Read More