Posts tagged charlottesville real estate

Walker Square, the market and one other thing

Walker Square would be well-advised to address their customer service and management issues.  This is the type of publicity that will 1) impact their ability to rent, 2) their ability to sell their condos and 3) the ability of the owners to sell their condos….  They better watch out – once the furor begins, they might have to act.Read more than the headlines when assessing the housing market news.  Might this be a bellweather?On the other hand, investors in homebuilders aren’t too impressed by Seiders’ “orderly” cooling….  Horton (DHI), KB Homes (KBH), Lennar (LEN), and Pulte Homes (PHM) all closed lower than the day before.  All of their stocks are down between 35% and 50% from their peaks last year.Jim Bacon has some interesting take-aways from the recent blogging summit in Charlottesville….  Ethics and trust form part of the foundation of a successful blog, be it a political blog or a business blog.UVA’s $2 Million Crosswalk – at least it will be built rather than planned, studied, planned, debated and then deferred until the next election cycle.UVA’s beTech is fast becoming one of my favorite (local) blogs.  I have no idea why on VAR Contracts, there is a place for buyers’ and sellers’ SSNs – I tell all of my clients to leave that space blank.

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Who Pays the Earnest Money Deposit in Charlottesville Real Estate Transactions?

Great post at Rain City Guide by Ardell on earnest money The buyer usually writes a check for the Earnest Money deposit at the same time that they sign the offer and they hand it to their Buyer Agent.  …If you know you really want the house when you make the offer, and you have no problems at all throughout the transaction, the Earnest Money just slides like butter from your hand and back into your hand.  Whether it actually goes into your hand at the end or is paid against your costs varies from transaction to transaction.  But it still simply comes back to you like a boomerang.The only time you should be worried about handing over an Earnest Money check, is if you are not sure you want the house at the time you make the offer.In our market, the check is made payable to the Buyer’s Agent’s company, where it is held in escrow until Closing.

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