Scottsville -v- Pipeline

Scottsville’s Town Council formally opposes a proposal to pipe James River water from Scottsville to Charlottesville, fearing it would hurt the town’s quality of life.If you bring that [pipeline] down Route 20, you’re talking development, development, development, (Hogan) said.DP reports todayCommunication and information sharing is key to this issue. If the Town of Scottsville feels it is beingrailroaded, the immediate defensive nature will be counterproductive to any positive resolution.Piedmont Environmental Council has some words of clarity on their site.From the data that I have seen, the James River option would probably have the least environmentalimpact; but what do I know? I was an English major.

Read More

New 1031 Laws

Retroactive to January 27, 2005, new rulings now allow sellers who have lived in a home 2 out of the last 5 years and rented it out to avoid paying capital gains tax by combining the principal residence rule (Code 121) with tax-deferred exchanges (Code 1031). This new ruling does not apply to all 1031s, just ones where the seller claimed the home as her…

Read More

Where to advertise.

The advent of the internet has led to quite a change in marketing homes. … What pick up the local newspapers (other than to browse at lunch) and look at a limited selection of probably-already-sold houses when you can go online and look at everything that is currently available, RIGHT NOW?

Read More

What factors are fueling strong housing demand?

But even housing-industry executives — typically an optimistic lot — were taken aback when the government reported last week that home-building activity has accelerated. …All this building raises a natural question: Why does the U.S. need so much new housing? …First and foremost, the demand for housing reflects two key demographic trends — new household formations and immigration. Economists at Harvard University’s Joint Center for…

Read More

And you thought the Central VA market was bad!

Occasionally a buyer won’t commit to a sale unless pets come with the house, which was the case with one buyer who insisted the sellers’ dog be included, said Brent Bonine of Carlsbad-based Buffini & Co., a real estate training and coaching firm. After eschewing several suitable homes, the buyer finally jumped at one, offering full price……. Occasionally a buyer won’t commit to a sale unless pets come with the house, which was the case with one buyer who insisted the sellers’ dog be included, said Brent Bonine of Carlsbad-based Buffini & Co., a real estate training and coaching firm. After eschewing several suitable homes, the buyer finally jumped at one, offering full price.

Read More