From Matt Hodges with Presidential Mortgage. (Bolding is mine) This is a story from Matt discussing things buyers need to be doing as they prepare to buy a home. The Federal Housing Finance Authority (FHFA) raised the Fannie Mae and Freddie Mac (collectively conventional loans) loan limit to $484,350 on Read More
Archives for December 2018
Reupping this story from April. This encounter has stuck with me. In early January I was returning a gift, and tried to get it put back on my wife’s credit card, which I didn’t have. The young girl working at the counter tried to make it work, but could not. She sought out the manager, who tried as well, went back to try something else, while the girl at the counter kept valiantly attempting to process the return. They were understaffed and Read More
Two big Albemarle County news items with respect to the use of the land, and local human settlement patterns, trails and traffic. Albemarle County’s blueprint for a walkable, urban destination at the Rio Road and U.S. 29 intersection has been approved. This is going to massively change the nature of Rio and 29, and if the vision comes to fruition, I suspect many residents will 1) stay closer to Rio/29 for the things they need and/or 2) Never need to go Read More
I write this note once a month. It's fun, hard, and it's usually the best stuff I write every month. Subscribe here. One email a month. Easy. This might be a good one.
- Wrapping 2018.
- That mistake I made
- 1st offer = Best offer
- Deep connections
- Social media warning for buyers (and sellers)
- Community & humanity, Part 1
- What I'm reading
- Blogs round up
The Charlottesville real estate market showed signs of moderating (which is a good thing), driven by a few factors
- Affordability continued to be a challenge for many buyers
- Prices continued to rise.
- While I think we're going to continue to see appreciation continue (broadly), 2019 may look and feel a bit different with some properties staying on the market longer (weeks and months vs days and weeks)
- The "right" inventory remained a bit of a challenge for many buyers
- Waiting for Read More
Helping my clients make good decisions. That's my simple goal every day. That goal requires the right partnership. One of the most important things I do is to manage my clients' expectations, whether that's what to expect when they make a low offer on a house, or put forth an escalation clause in a multiple offer situation, choose to price the house higher (or lower) than I advise, or what to expect with respect to growth in Read More
Archives of my subscription-only monthly notes. The blog is more searchable. Interested in not waiting a few months to read it? Subscribe here. For these posts, I don’t do much formatting/changing as I’m more concerned about simply having the content here forever (because I own the blog, and I don’t own Read More