Posts tagged 22911

NGIC and DIA – What’s the Impact on the Charlottesville Real Estate Market?

Right Now *, There are: – 289 Homes for Sale within five miles of the NGIC/DIA facility on 29 North. – 113 have “NGIC” in the public remarks. (one of these listings is mine, and it’s GREAT .)

…But understand that obtaining a new clearance, probably higher than TS, for most of the professional jobs at NGIC will be a long process (12 to 18 months), and site security policy may not allow personnel into the building until a clearance is finally granted. In that case, two issues apply. #1, even if it takes 2-4 months and several thousand dollars to relocate, a pre-cleared person from DC or straight out of the uniformed services can come on much faster than Sara’s fresh, uncleared UVa graduate. #2, assuming that fresh, uncleared Hoo gets hired, what’s s/he going to do for the next 12-18 months while awaiting clearance?

…Quite a few people have been moving to and buying homes in the Charlottesville area due to the NGIC/DIA relocation, and I suspect there will be more as the move continues its phase-in over the next few years.

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Charlottesville Short Sales and Buyer Agents’ Responsibilities – Part 2

Fourth – Prepare our buyer clients for what they may run into. (more to come on this) What’s a Charlottesville buyer to do in this market with more and more short sales? – Be patient. – Be aware that there are some things that neither you nor your agent can control . – Be informed . – Be qualified.

…Maintain confidentiality of all personal and financial information received from the client during the brokerage relationship and any other information that the client requests during the brokerage relationship be maintained confidential, unless otherwise provided by law or the seller consents in writing to the release of such information;

…The second section is a protection for the Buyer, should the Seller find out in the course of the transaction that they cannot pay off all indebtedness and need to revert to a Short Sale transaction. Much like how good Charlottesville Buyers’ Agents should be researching a property’s true continuous days on market (quote from a client regarding Days on Market, “The MLS lies” 🙂 ) [ Realtors gaming the MLS ] – Buyers’ Agents should be doing extreme due diligence.

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Charlottesville Real Estate Data Nuggets

Looking at the weekly real estate data reports for Charlottesville and Albemarle, two points jump out: – Percent of Properties with Price Decrease 26 % – Percent Relisted (reset DOM) 9 % I’m not 100% confident with 26% having price decreases, but it feels about right. The relisted number feels right too – this is the percent of homes that have come on the market for a second or third time … … Download them all for yourself below or sign up to receive weekly automatic (spam-free) delivery . Charlottesville Single-Family Homes Charlottesville Attached Homes and Condos Charlottesville and Albemarle Single Family Market Update Charlottesville and Albemarle Attached Homes and Condos – real estate market update

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More Charlottesville Real Estate Data than You Might Have Wanted

This is going to be a developing post as I read through Barry Merchant’s presentation from this morning. Barry Merchant’s VHDA presentation at Charlottesville Area Association of Realtors (PDF) Additionally,

Nest Report Here is an advance copy of the Nest Report, what we believe to be the best, most “comprehensive and transparent analysis of the residential real estate market in Charlottesville, Albemarle and surrounding counties, prepared quarterly by Nest Realty Group.” Nest Report – Year End 2009, Predictions for 2010 (PDF) Comments, feedback and input welcomed.

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Useful Unemployment Map

This is a useful Unemployment Map for Charlottesville and Albemarle – Click through to the Washington Post for the interactive version . I suspect that the region’s unemployment and underemployment rates are higher than indicated. For a real scare, click the “autoplay changes” button Unemployment Map for Charlottesville and Albemarle - Thanks to the Washington Post

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When Does the Charlottesville Real Estate Season Begin?

Left as a message via the message box on the right last night: I’m looking for a house, but can’t find what I’m looking for east of town in the right price range. When do you think the “season” will begin and we will see more of a variety of listings on the market? … What this doesn’t show is what percentage of these listings sold or what their prices were … that’s a story for another day. If you’re interested in more detailed market reports about the Charlottesville regional real estate market, you may be interested in these reports:

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Thank you Charlottesville Media – Snowpocalypse

Thank you to: CBS19 – Twitter NBC29 – Twitter If you’re looking for closings, the above two are probably the best places to go. Daily Progress – Twitter . The HooK – Twitter C-Ville cvillenews – Twitter VDOT – – Traffic cameras of interstates and other roads I assume WINA radio was on top of their game too, but I don’t listen to radio at home.

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