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Archive for November, 2008
Remodeling Hints for a Tough Real Estate Market
ARA – If you’re selling your home in the Richmond Virginia area, you’re not just competing against the house down the street anymore. You’re mixing it up with desperate new-home builders with pockets deeper than yours, banks willing to sell foreclosed homes at a loss, and buyers who know that sellers are at a disadvantage. Central Virginia home sellers definitely need an edge! Read the rest of this entry »
BREAKING NEWS!
October Existing Home Sales Released! (National)
National existing home sales declined in October 2008 according to the article below from the National Association of Realtors. Specific October 2008 home sales for the Central Virginia, Richmond Virginia Area are not yet available, but will be reported on RichmondHomeShopper.com as soon as possible. Sign up today for our email subscription or RSS feed to receive our real estate articles and news releases!
WASHINGTON, November 24, 2008: Existing-home sales declined on the heels of a strong gain in September as uncertainty and economic concerns increased in October, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – fell 3.1 percent to a seasonally adjusted annual rate1 of 4.98 million units in October from a downwardly revised pace of 5.14 million in September, and are 1.6 percent below the 5.06 million-unit level in October 2007. Lawrence Yun, NAR chief economist, said consumer hesitation is understandable. “Many potential home buyers appear to have withdrawn from the market due to the stock market collapse and deteriorating economic conditions,” he said. “We have favorable affordability conditions, but we need more than that to give buyers with jobs the confidence they need. This is why a housing stimulus is so critical now to encourage more buyers to draw down the inventory and stabilize home prices. Without home price stabilization, there will not be an economic recovery.” LINK TO FULL ARTICLEStarting Your Richmond Area Home Search
Starting your search for a new home in the Richmond, Virginia area can be exciting and at the same time overwhelming when faced with the task of figuring out all aspects of the Central Virginia real estate market. Are you looking for: A Victorian in old Bon Air? A classic Ranch in Chamberlayne Farms? A brick Cape in Westham? A Condo in the Fan? A Colonial in Hanover with land? What can I afford? Do I need a Buyer’s Agent? Do you want a 2 car garage? How many bedrooms and baths are you looking for? There are many questions to answer and it can seem overwhelming. Fortunately there is a fundamental process of steps to not only get started in your home search, but give yourself a great chance at finding your dream home and getting a great deal. Read the rest of this entry »
Spotlight on The Highlands
A Great Golf and Family Oriented Community!
The Highlands is a fantastic golf and residential community in historic Chesterfield, Virginia just a few miles off of Rt 288 and Ironbridge Rd. Built on 2,500 acres, there is a wide variety of homes including new construction and re-sales. The homes enjoy access to woodlands, open spaces, golf, recreational parks, lakes, and nature trails for year round pleasure. Read the rest of this entry »
HOT PROPERTY! New Listing!
Villas at Hunton Park Townhome $299,950
SOLD! SOLD! SOLD! SOLD!
Immaculate end unit townhome is practically new! (Built in 2007) Features 2 Story Foyer, huge Living & Dining Area with vaulted ceiling & surround sound, Kitchen with island and walk out bay window, Sun Room with tile floor and gas fireplace, 1st floor Master Suite with tall ceiling with tray & walk in closet, luxurious Master Bath with jetted tub & enclosed tile shower, open Loft on 2nd floor with balcony overlook, 2 additional bedrooms, Study, 2 car garage, fenced backyard, patio with outdoor speakers. Neutral paint and decor make this beautiful home move in ready! Read the rest of this entry »
Preparing For A Successful Open House and Showings
Skye Bruce Properties, The Official REALTOR and Buyer’s Agents of RichmondHomeShopper.com offers some great advice for successful Open Houses and Showings. Many of the tips may seem obvious, but surprisingly they are often over looked. Here are Skye Bruce’s 20 affordable and effective ways to prepare your home to reel in potential buyers in Central Virginia! Read the rest of this entry »
First Time Homebuying 101
So, you’re thinking about buying your first home in Richmond, Virginia! Congratulations! It is a very exciting decision and has the potential of being a great financial investment. Richmond has outperformed real estate markets in many other parts of the country and most national averages.
Many people hold off on purchasing because they feel they don’t have an adequate down payment. This is often not the case, and finding a loan with very little money down loan is possible even in today’s 2008 mortgage industry. Read the rest of this entry »
How to Avoid Losing Your Home to Foreclosure
(ARA) – Over the past year, we’ve been inundated with daily headlines about the growing foreclosure crisis. While the Richmond area has not experienced a Foreclosure crisis, local homeowners have lost their homes to foreclosure, with speculation among housing industry experts that things may get worse.
Herculean efforts are being made on the part of federal and state governments, mortgage lenders and nonprofit organizations to prevent foreclosures, culminating in the bailout package recently passed by Congress. Read the rest of this entry »
Skye Bruce Reports Positive Real Estate News for Richmond Virginia
The following is a quick market update from Skye Bruce, the #1 REMAX Agent in Central Virginia:
Finally some positive news in the press about homes sales in the Richmond area! We have seen improvement in home sales in the third quarter of 2008 compared to the third quarter of 2007. More good news? Yes! Many of our less expensive homes are selling. What does this mean? First Time Homebuyers are back! If this trend continues this will lead to an increase in home buyers as people selling less expensive homes trade up to more expensive homes. Read the rest of this entry »
12 Ways to Lower Your Homeowners Insurance Costs
When buying a home in the Richmond, Virginia Area there are many things to consider. Neighborhoods, schools, shopping, style of home, price per square foot by area etc. etc. While Richmond, Virginia is not prone to natural disasters like Florida and California it is important to have the right Homeowners Policy. You want to make sure you are completely covered while at the same time you do not want to over pay. The price you pay for your homeowners insurance can vary by hundreds of dollars, depending on the insurance company you buy your policy from. We found a great list of 12 ways to lower your homeowners insurance costs courtesy of the Insurance Information Institute. Here are some things to consider when buying homeowners insurance: Read the rest of this entry »
