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Archive for October, 2009
Existing Home Sales Surge
There were few major surprises in the economic news this week, and little change in the stock market. While there was a great deal of daily volatility, mortgage rates ended the week nearly unchanged.
A flood of housing market data was released during the week, and most of it reflected improvement in the sector. The biggest unexpected news came from the September Existing Home Sales report, which jumped 9% from August to the highest level since July 2007. Inventories of unsold existing homes dropped sharply to a 7.8-month supply from a 9.3-month supply in August. Read the rest of this entry »
Paint Can Help Sell Your Home Faster
The best dollar for dollar investment for selling your Richmond home fast is fresh paint. Neutral colors are best as they will rarely clash with potential buyer’s furniture and accessories. Prospective buyers want move in ready homes especially in the current market and they don’t want to paint before moving in. For a reasonable cost you can differentiate your house with a few coats of paint.
Next to fresh paint, new carpeting makes a huge difference. Again stick with neutral colors and conservative textures to make your home attractive to the masses. At Skye Bruce Properties this is simple advice we give our clients, but it goes a long way in selling their homes as fast as possible.
Thinking of buying or selling a home in the Richmond area? Contact Skye Bruce, the #1 RE/MAX Agent in Central Virginia. Like what you are reading? Subscribe today to our BLOG!
Buying A Richmond Condo or Townhouse
The easiest way to understand the concept of a Richmond area condominium or townhouse ownership is to see it as an apartment you own. Your ownership extends inward from your interior walls, floors and ceilings. In addition, you are a partner, with all of the other owners in the complex, of the exterior structure (the foundation, exterior walls and roof) as well as any common areas and amenities (for example, swimming pools, clubhouses, tennis courts, play areas, etc.) Read the rest of this entry »
Richmond Parade of Homes Information
The 2009 Richmond Parade of Homes kicked off yesterday and runs through October 18th. You may tour 71 new homes throughout the Greater Richmond and Tri-City areas priced from $170,000 to over $1.5 million. The event is put on by the Home Builder Association of Richmond. Here is a link to the Association’s helpful website which you can use as a tool for selecting homes to tour and planning your route.
If you are considering buying a new home in the Richmond area make sure you have Buyer representation in the process it can save you thousands! Read the rest of this entry »
Why Richmond is a Great Place to Live!
Found this video on YOU TUBE. The City of Richmond, Chamber of Commerce or any other area organization could spend a million and not come up with something as good as this. An instant classic! 
Looking for a home in the Richmond area? Skye Bruce Properties has a team of professionals to help you with your search. From the Fan to Southside, From Ginter Park to Short Pump, from Goochland to Varina; Skye Bruce Properties can find you a great home at a great price! Contact Skye Bruce Properties today!
Richmond Area Short Sales
What is a short sale and should I consider buying one?
Short sales occur when someone owes more on their house than the house will currently sell for. The lender will consider it because it saves them the time and effort of a foreclosure. The foreclosure process can take a very long time and be very expensive for the lender.
An example would be a situation where the homeowner owes the mortgage company $250,000 on a house that is now worth only $200,000. The homeowner will be unable to sell their house because they do not have the $50,000 difference to make up to the lender. The lender can choose to accept a short sale on the property or they may choose to foreclose on the property. With so many properties currently in foreclosure the lender will more than likely entertain short sale offers. Read the rest of this entry »
