Why buy? Why rent? How to choose an ethical real estate agent or mortgage broker? – WNRN 1-20-13

Why buy? Why rent? How to choose an ethical real estate agent or mortgage broker? What is quality inventory? Richmond Sunlight, the General Assembly and real estate. And lots, lots more. An hour of live radio goes fast. Prepping for said show takes hours. What follows are some show notes, links, supporting stories and more. If you’re interested in buying or selling in the Charlottesville area in 2013, I sincerely think this would way to spend an hour of your time.

As always, we cover a lot of ground in an hour. I do apologize; I spent an hour this morning listening to the show, researching links, putting said links in chronological order, previewed the story and *poof* it disappeared. So this story is a bit less than intended.

Matt started the show by unexpectedly noting my inclusion on the Inman 100 list; I don’t often share my accomplishments, but this is a pretty significant one and I appreciated his mentioning it.

Perhaps my personal favorite parts are the (at 16:50) “how you say ‘wait, don’t buy that now'” when your incomes depend on sales? And then we touch on (24:30) how the consumer has a responsibility to vet the people they hire. (if you want the questions I provide my prospective clients, ask me).

Listen to the podcast at Charlottesville Podcast Network.

The Charlottesville Real Estate Market Update – In 8 Minutes or Less

Thanks to Coy Barefoot for having me on his excellent Charlottesville – Right Now! show this afternoon. I tried to provide clear, quick analysis of the good, bad and possibly ugly in the Charlottesville real estate market – positivity framed with market realities and some context.

Listen to the podcast below.

Describing “where we are” in the Charlottesville real estate market is extremely difficult to accomplish in a short period 0f time; luckily there’s the 1st Quarter Nest Report for more in depth insight.

I think this tweet best describes today’s real estate market:

18 homes closed in CharlAlbemarle last week; Days on Market ranged from 0 to 863. $/sq ft from $89 to $227.#ThereIsNoOneMarket

As always, questions welcomed.

Nest Realty’s 1st Half 2011 “Nest Report”

Read it, download it, critique it. I’ll be posting a direct link to the PDF later today.

Nest Realty’s Nest Report is out – a comprehensive look at “where we are” right now in the Charlottesville real estate market.

Click through to download the report.

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Insight into the Home Buying and Selling Process

NAR-Profile-of-Home-Buyers-and-Sellers-2010.pdf-page-47-of-124.jpg

In my business I have found that, on average, many of my buyer clients search for between 12 and 24 months – they are searching data, market trends, growth patterns, identifying where they want to live and then focusing on the homes themselves. … But a far lesser percentage than I expected. NAR Profile of Home Buyers and Sellers - 2010.pdf (page 47 of 124).jpg Length of search for buyers who used an agent, first-time and repeat buyers: – I presume that the repeat buyers may be those repeat buyer buying within the region they already inhabit; they know where they want to live, so the investigative process is much shorter. LENgTH OF SEARCH FOR BuyERS wHO uSED AN AgENT, FiRST-TiME AND REPEAT BuyERS Information sources used in home search, by first-time and repeat buyers, and buyers of new and previously owned homes: – Same as last year, Internet, Real Estate Agent, Yard Sign are the top three sources. … I’m not completely discounting print’s effectiveness; for branding , print is hard to beat, for selling a house , it’s not even in the conversation. iNFORMATiON SOuRCES uSED iN HOME SEARCH, By FiRST-TiME AND REPEAT BuyERS, AND BuyERS OF NEw AND PREviOuSLy OwNED HOMES A qualifier to the below chart: Good real estate agents are useful. … As I said four years ago, Zillow Cannot Adapt ; until they develop effective Artificial Intelligence , people will be the best options. Good Charlottesville Real Estate Agents Are still the most useful No surprises here – the internet is the most frequently used information source; this is one reason that I coach my buyer clients (and any reader, really) in how to effectively search for homes in the Charlottesville area . NAR Profile of Home Buyers and Sellers - 2010.pdf (page 49 of 124)