SIDEBLOG
I don’t like being first for this search term
And they spend nearly eight minutes on my site. :) attorneys that sue Real estate agents in va
BUYERS
The Wall Street Journal gets it right on commissions
I wonder if anyone else will notice? From today's Real Estate Journal: But like everyone else, buyer agents don't work for free. At first glance, it seems like the seller pays them, since most are paid at closing from the commission costs that the seller…
GENERAL REAL ESTATE
Sorry, you can’t use that fireplace
Is this the type of thing sellers would have to disclose? § 15.2-922.2. Regulating wood burning fireplaces in certain localities. In any locality with a population density of greater than 1,000 persons per square mile, the locality may by ordinance regulate the use of wood…
GENERAL REAL ESTATE
Three biggest stories in the past 7 days
Buyer's Agent sued by Buyer - if the agent really didn't provide comps to the buyer, my opinion changes entirely. There's absolutely more to the story, but come on. Real estate blogger sued for $25 million. FBI is investigating lenders - The government investigating for…
GENERAL REAL ESTATE
“A” is a pretty good grade, no?
1% of homes in the US are in foreclosure ... and that means 99% are not. Not to diminish the very real problems that exist, but 99% is not terrible. Virginia is ranked #24 in the country. It's easy to see the "sky is falling"…
GENERAL REAL ESTATE
The market is working it out
As we knew it would. YouWalkAway.com. Wow. Hat tip to the Big Picture. They're in in for the long-haul, though: Registrar: GODADDY.COM, INC. Whois Server: whois.godaddy.com Referral URL: https://registrar.godaddy.com Name Server: NS1.SERFZUPONLINE.COM Name Server: NS2.SERFZUPONLINE.COM Status: clientRenewProhibited Status: clientTransferProhibited…
ALBEMARLE
Albemarle County property assessments are out
I guess the claim that they didn't want to release them until the homeowners got them wasn't entirely genuine. Everything's politics; everything has spin. Witness today's Daily Progress article; getting ahead of the curve is valuable. The average reassessment increases or decreases, by magisterial district,…
GENERAL REAL ESTATE
What happens if Charlottesville becomes a “declining market”?
In short, thanks to Carl - "It is possible that if a buyer was approved for a specific loan product say with a 95% loan to value and the after the investor looks at the appraisal report and determines the comps are old or the…
MARKET STATISTICS
Quick housing inventory update for Charlottesville real estate market
In light of the national new-home sales numbers showing their largest drop in 12 years, here is some local context. These are for all inventory, re-sale and new homes; I don't trust the MLS data sufficiently regarding new homes sales. December 2003 - 215 residential…
MARKET STATISTICS
Vacant House update for Charlottesville area
For Albemarle, Charlottesville, Fluvanna, Greene, Louisa and Nelson, there are currently 2,012 active residential properties on the market - 36% of these are vacant. In the Waynesboro MLS, there are 1107 properties on the market - 46% of these are vacant. What does this mean?…