Date Archives February 2010

City Neighborhood Liaison – Needed?

The City of Charlottesville is contemplating adding a “neighborhood advocate” to liaise with City neighborhood associations . … I vote for her: “It’s a bad use of city funds and there are too many other programs and efforts that I think the city should be involved in,” said Adena Imlay, president of the Meadowbrook Hills/Rugby Neighborhood Association. Imlay said creating another layer of bureaucracy in local government to work with neighborhoods is not the answer. … I’m curious – why can’t people who want to be involved call the city and advocate for themselves ?

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Friday Chart – Charlottesville & Albemarle – February Homes Under Contract

We’ve been talking recently about what the effects the various snowpocalypses have had on the Charlottesville real estate market; people were snowed in, buyers couldn’t get out to see houses (yet another argument for high-quality photos and videos in the Charlottesville MLS), sellers couldn’t get their houses ready or activated on the market … the consensus has been that February 2010 was going to be a pretty sorry month for home sales. … This clearly does not account for canceled contracts, contracts that fall apart due to home inspections, financing or appraisal issues …

Homes – single family, attached and condos – that went under Contract in February in the Charlottesville MSA* Homes – single family, attached and condos – that went under Contract in February in Charlottesville and Albemarle – 12 condos went under contract in February. 8 were foreclosures or short sales. … For Charlottesville and Albemarle in February 2010 for far: – 2 were new construction attached – 31 were resale attached – 0 were new construction single family detached – 64 were resale single family detached – 12 were condos – 0 were new construction condos (and yes, I added the above manually and they match the spreadsheet. 🙂 ) Charlottesville MSA for these purposes includes Charlottesville, Albemarle, Fluvanna, Greene and Nelson

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Check Out Crime in Charlottesville

Is one of the most important questions my buyer clients ask. … This is the perfect opportunity for the County of Albemarle and City of Charlottesville to cooperate, share, partner, whatever. … For buyers looking in the City of Charlottesville – search for crime by neighborhood, address, intersection, bus stop, Charlottesville City parks … at Charlottesville Crime View . Thanks to WCAV for the report .

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Part of Virginia’s Buyer Broker Agreement That Speaks to Dual Agency

Because of the Broker’s dual representation in such a transaction, Buyer understands that Buyer and the seller have the responsibility of making their own decisions as to what terms are to be included in any purchase agreement . … Buyer understands that Buyer may seek independent legal counsel in order to assist with any matter relating to a purchase agreement or to the transaction that is the subject matter of a purchase agreement. … Buyer shall have a duty to protect its own interests and should read any purchase agreement carefully to insure that it accurately sets forth terms Buyer wants included in the purchase agreement.

…Because the Buyer doesn’t have full representation in a single-agent dual agency situation. (bolding mine) Hat tip to Jay’s comment on Rob’s post about Dual Agency for the idea to post this clause.

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