Browsing Category UVa

It’s Match Day at UVA (and Everywhere Else)

in General Real Estate UVa on

Traditionally UVA Resident comprise a fairly significant portion of the Charlottesville and Albemarle real estate market – generally at least three bedrooms, two baths (usually) no more than 20 minutes to the UVA Medical Center …

…http://ow.ly/1bFYF Thanks to Ken Mextorf with SunTrust Mortgage for the following post:* In response to various questions from potential buyer clients who were hoping to Match at the UVA Medical School, I asked Ken to write this for me. … For those looking to buy a new home, SunTrust mortgage Doctors Loan program provides; – Financing up to 100% of the sales price of a new home. – Loan amounts up to; – $417,000 for Residents and Interns – $1.5 million for licensed medical Physicians – Fixed and Adjustable rate mortgages – No mortgage insurance (PMI) – Special banking relationships and discounts If now is the right time for you to buy speak to your local SunTrust Mortgage specialist and learn more about the Doctors Loan program and how it can work for you. … It’s intended to answer questions, and Ken happens to have a great program that is useful for UVA Medical Residents and Doctors.

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UVA’s Construction Plans – Current and Near Future

in Albemarle Charlottesville General Real Estate UVa on

I frequently tell my clients that at any given time, UVA has a couple hundred million dollars of construction underway. … Charlottesville Tomorrow reports : Pace Lochte, UVA’s director of economic development, said that a “miniature intelligence community” is developing around NGIC and the North Fork Research Park. … “This is the kind of development and economic improvement that every community in this country would just die to have it come into their community,” Sandridge added.

… Claude Moore Education Building– operational by May 2010 Bavarro Hall – complete by August 2010 First two buildings of the South Lawn Project operational by January 2010, rest in July 2010 Emily Couric Clinical Cancer Center – operational by April 2011 Four new Alderman Road dorms to be built in two phases (2 in May 2011, 2 in June 2013) Information Technology and Communication Data Center – operational by May 2011 Bookstore expansion – operational by summer 2011 Rice Hall (engineering building) on Whitehead and Stadium Road – operational in August 2011 College of Arts and Sciences Research Building (currently unnamed) – operational by August 2011 Rehearsal space on Culbreth Road – operational by 2011 72-bed intensive care unit expansion at UVA Medical Center – complete by January 2012

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UVA Match Day 2009 – March 19

in Albemarle Charlottesville General Real Estate UVa on

The four days of the Match are broken down as follows: Match Day is : Match Day is when 4th year medical students find out which residency program they matched with. … two days before, you find out IF you matched or not. … UVA medical residents (and JAG School folks, Law and Darden – I love that Darden’s Dean is blogging – students, et al) have traditionally comprised a significant segment of the Charlottesville and Albemarle real estate market.

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Economic Summit in Charlottesville this September

in Albemarle Charlottesville General Real Estate UVa on

Courtesy of C-Ville’s blog : For three days, these financial leaders, who represent three quarters of worldwide economic activity, will tackle the issues involved with Sovereign Wealth Funds, global financial stability, changes in the world economic power and influence, the credit crunch and the future of the new financial architecture. From UVa’s site – This unique group represents three-quarters of worldwide economic activity, reaching beyond traditional G7 meetings to include perspectives from emerging markets and developing economies on issues including: • Sovereign wealth funds; • Global financial stability and economic governance; • Challenges posed by changes in the centers of world economic power and influence; • The subprime crisis and credit crunch; and (bolding mine) • The future of the new financial architecture.

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A match day loss and possible substantial gain

in Shameless Self Promotion UVa on

Received this morning from a client who was anticipating Matching at the University of Virginia – Unfortunately I matched at my second choice not my first …  definitely a bit disappointed but still excited to get the next part of my life started.  THANK YOU for being such a wonderful resource for me these last few months – I have learned a lot…  and I appreciate the time you spent with me.

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Getting ready for Match Day March 20th

in Buyers UVa on

I’ll keep saving for the down payment for the next year, and hopefully I’ll catch the market closer to this 25% expected further devaluation.This would be completely different if I were making 60K rather than 40K….  Empower me already!For the I have written about Match Day once or twice before at least, and this year is no different, but for one thing – the credit markets are much, much different this year (h/t VARBuzz) than in any previous year….  There are no set in stone guidelines I can give you that are being used but some general parameters are:- Can still go to 100% financing- Credit scores should be above 700- 2 months reserves after closing- Debt to income around 50% (closely around) Sometimes, exceptions are needed to get beyond the Debt to Income ratios which seem to be the greatest area of concern….  🙂 – and ultimately a good thing.My advice to Residents (really to any Buyer) – work with a team of people whom you trust, prepare, know your options and move forward after performing adequate due diligence.

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