Much like the Property Grunt, I try to apply other markets’ analyses to the Central Virginia market.
Sellers, price your (properties) appropriately and be patient with your brokers. They are undergoing one of the most stressful times in their careers. However, let them know that although you are aware of current market conditions, you are expecting them to put in every effort to sell your (house).
Condo/HOA fees keep rising. Most developments that I have seen have caps that prevent fees from rising more than a certain percentage in a given year – unless X % of owners vote to accept that change. In short, always review the HOA/Condo package for the development’s financials, budget and expected capital expenses.
2004 data likely is very different than 2006 data. I am currently reviewing the “Internet vs. Traditional Buyer” research report conducted by the California Association of Realtors. A cursory look is proving very enlightening. I am becoming more and more convinced that this “Internet” is going to catch on.
This looks to be worth waiting for (archived: 2008).
Interested in Learning More?
I have been been representing buyers and sellers in Charlottesville, Albemarle, and Central Virginia since 2001. Get local insight born of experience.
Dig Deeper
Always Read Covenants and Restrictions
You never know what you're going to find when you dig into Covenants and Restrictions. "1. No shop, store, trailer, temporary living structure, factory, hospital, asylum, institution, tourist home or business house of any kind, and no apartment house shall be erected or maintained on…
Revisiting the “0 to 5 Buyer is Gone” Post – 15 years later
Revisiting the “0-5 Buyer Is Gone” Theory We’re in a different market now. Some of the people who bought between 2021 and 2024 are trying to sell — and the ones who bought new construction, now competing against new construction, are having a hard time.…
A Charlottesville e-bike Success Story
I have an e-bike. I love my e-bike. I ride it to meetings all over the City of Charlottesville instead of driving my car. e-bikes are great. A friend got an e-bike. He loves his e-bike. He has a different perspective, and I asked him…
Flipping the Switch, Part 3: ADUs, Zoning, and the Practical Guide
Flipping the Switch, Part 3: ADUs, Zoning, and the Practical Guide Part 1 covered the data. Part 2 covered the design. This week: the regulatory landscape, the ADU reality check, and the practical checklist. The ADU Conversation Has Changed When I wrote about this in…