Date Archives February 2007

Condo REversions coming?

Condo REversions in the making?  Excellent article from The HooK.  We would not be the first market to see these reversions – Arizona, Florida (both stories via HBB), San Diego, Maryland.  A kind reader emailed me a rumor about a local condo conversion possibly contemplating reversion; as soon as I have confirmation one way or the other, I will note it here.

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Bloginar today in NoVa

If you don’t take it seriously, you will fail on an international stage; likely few will see it, but your words will be there forever.  I hope that I was able to convey, in the short period of time I had, my passion for the business, for blogging and for doing things right – the first time (and learning from all the inevitable mistakes)….  A few of the points covered:- Why blog?- Benefits of Blogging- Transparency/Reputation- Knowledge gained through blogging- Local -v- National blogging- Should you blog your listings?- Potential Liability- Where to get ideas?- Above all, be honest in all that you say or do.  Your words can be used for and against you.I would be happy to email anybody my list of real estate blogs I read every day.

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Sold comps now matter less

Now when pricing a home, we have to consider the sold comparable homes as a measure of the asking price, but we have to consider the active competition even more….  More and more when pricing home, we have to look at how many homes (because there are now more than one or two in each neighborhood) are actively on the market, for how long (because they tend to stay on longer than five or six days).  After analyzing those aspects and running the house through several different price analyses, then we decide whether and by how much, we need to undercut the competition….  We will have a better feel for how much it has changed in March/April.Take heed – no longer can a home’s asking price be realistically set by the metric of “I have to clear X dollars.”

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Assessment roundup

Assessments are up, up, up.  Governments are rolling in the our cash.AlbemarleCity of Charlottesville (Press Release) (cvillenews)Fluvanna – Daniel’s commendable efforts, More at the Fluvanna ReviewThe Daily Progress’ FAQI agree with the assessment of the idea to tax businesses more than residences – “preposterous”The assessments were done several months ago. One question is this – were the assessors projecting forward what the assessments might/should be when they were released?

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