I started to write this post in early November, soon after my clients and I ratified the contract on their house and right about when the story was published on the Newsplex. I almost didn't do the Newsplex story.* (see the end of this post for the rationale) The single greatest takeaway from this story: If you are thinking about putting your house on the market in the Charlottesville area in the next several weeks, start now. A few of my rules for real estate: â€œUnder Contractâ€ â‰ â€œSoldâ€: - â€œUnder Contractâ€ means: â€œwe need to … [Read more...] about How to Sell a House in 21 Days
Original Story from January 2011. I wrote this story in January of this year, but think it's as relevant now as it was then for those who are wondering, "when should I start thinking about putting my house on the market" or "when should I contact a Realtor to start my home search in earnest?" (if this is the question, I hope you're already searching all the homes on the market via my search tool). In other words, if you're thinking about buying or selling, start now. … [Read more...] about When Do Homes Come on the Market in Charlottesville? March and April
If you're thinking about buying a home or selling a home in the Charlottesville area in the spring, these are three stories of interest: 1 - When do homes come on the market in Charlottesville? Short answer: Spring. Longer answer: look at the data. 2 - Preparing to Sell a House in Charlottesville - Step one: start the process now. (get the right representation) 3 - Preparing to buy a home in Charlottesville - Step one: ask questions. Step two. Get representation. There is sooo much more to write, (I'm approaching the 7 year anniversary of this … [Read more...] about Thinking about Buying or Selling in the Spring?
Guest post from Matt Hodges with Presidential Mortgage*: Condominiums are a challenge to finance through FHA.Â Condominiums had a brief period when lenders overlooked eligibility and approved every loan, as long as the borrower was qualified â€“ that period ended some four years ago.Â Â Today, condominiums are one of the most difficult forms of residential real estate to finance, perhaps with manufactured housing more difficult. Using a search of â€œCharlottesvilleâ€ condominiums in the FHA search tool, 19 condominium complexes appear. Hey, … [Read more...] about FHA and Condos in Charlottesville – Are they Eligible?
The Wall Street Journal asks: Should people really be cutting their prices to sell their houses? Answer: Yes. Price matters. "â€¦ Your home may truly be worth more than what that distressed home down the street is, but that distressed home is essentially killing the situation for you â€¦ " What your home "may be worth" is irrelevant when buyers can be patient and the market is still declining Think about it - Right now (24 October 2011, 10:30 am) in the Charlottesville MSA: - There are 426 properties under contract in the Charlottesville … [Read more...] about Should Sellers be More Patient?
1 - Take pictures now. 2 - Start conserving energy and water. "How much does it cost to operate this home"? is one of the most common questions buyers are asking now. 3 - Do those things now that you've been meaning to do since you moved in. You know: caulking around the windows, replacing that screen, putting that threshold back â€¦ you know the list. 4 - Start going to open houses. Look at comparable homes. Ask a good Realtor for advice. You might think this home is a comp, but really, it's not because of all the new construction … [Read more...] about 5 Things to Do NOW If You’re Putting your House on the Market in the Spring
I think of this song whenever I talk to sellers who are frustrated by their homes not selling. Put simply: Sometimes the buyer for your house is not in the market right now. As a seller, you and your real estate agent: - could be doing everything right. … [Read more...] about Waiting (to Sell your Home) Is the Hardest Part