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Archive for the 'Buying A Home' Category
A Richmond Homebuyer’s Experience
We love it when we here from our clients! Below is a note we recently received from a couple we helped buy and sell a Richmond area home. A home purchase can be a complicated process, but at Skye Bruce Properties we try to make the process a fun and low stress experience!
Want to learn more about the home buying process? Check out our page on Understanding The Home Buying Process! Looking to buy or sell a home and want a low stress experience? Contact Skye Bruce Properties today!
First Time Homebuyer Experience
We love it when we here from our clients! Below is a note we recently received from a couple we helped buy their first home. A home purchase can be a complicated process, but at Skye Bruce Properties we try to make the process a fun and low stress experience!
Want to learn more about the home buying process? Check out our First Time Homebuyer Headquarters! Looking to buy your first home and want a low stress experience? Contact Skye Bruce Properties today!
Home Inspection Tips for Homebuyers
You have made an offer on a Richmond area home and it has been accepted. Congratulations!!! Included in your offer was a provision for a home inspection. Smart!!! Here are some tips for that all important home inspection.
Make sure that there will be proper access to the home and that all areas can be viewed and inspected. Make sure that all of the utilities have been turned on including water, electric, gas and oil supplies if there is oil fired equipment in the home. There have been many times recently that I did not have complete access to the home. Have the sellers remove storage away from foundation walls and garage walls so that they can be inspected. If the home inspector can not view the area he or she must indicate that in the report and that becomes an area of open risk because its not visible. Read the rest of this entry »
Richmond Real Estate Negotiation 101
Real Estate is one of the few places in American life where some form of negotiation is the rule rather than the exception. Just because it is the norm does not mean that most people are good at it. Many people feel that they are the best negotiators in the world, but in reality, it is a learned art. It takes a keen understanding of the process in order to be a good negotiator.
When it comes to Real Estate matters, the 3 most important aspects of an effective negotiation are:
1) Information 2) Preparation 3) Realism
Recognizing that being a good negotiator does not come naturally to most people is the first step in becoming one! Read the rest of this entry »
It’s Still a Buyer’s Market in Richmond!
The economy is improving and there are positive signs in the real estate market BUT, it’s still a buyer’s market! Central Virginia area home sales numbers along with National and State numbers show a real estate market down compared to a year ago but, improving compared to earlier this year. Median prices fell as well. Richmond area home prices dropped about 12 1/2 percent to $206,904 in the second quarter compared to the same period last year. In Virginia prices fell about 8 1/2 percent to $245,885 in quarter 2 (April/May/June). While prices are off they are not as far off as they were in the first quarter of 2009 (Jan/Feb/Mar). What does it mean? There are still more houses for sale than there are buyers and it’s still a great time to buy a home.
Nationally, sales of previously owned homes rose for the third straight month in June. The National Association of REALTORS reports sales increased about 3 1/2 percent in June which is better than predicted and expected. The national median price for June was $181,800 in June, down about 15 1/2 percent from a year ago.
Interested in buying a Richmond area home? Skye Bruce Properties can help make sense of the current real estate market and help you develop a buying strategy to get the most home for your money. Contact Skye Bruce Properties today!
Today Show Video: Buying vs. Renting
Today Show segment about deciding whether to buy or rent a home. David Gregory interviews Barbara Corcoran, Real Estate Expert. Click on photo below to see video!
Click Photo To See Video
Richmond Foreclosures; A Good Deal?
Rarely does a week go by that we don’t hear from a home buyer; “I want a great deal.” No one wants to pay asking price for a home these days so many home buyers are looking for Richmond area foreclosures to get a deal. But are you really getting a great deal when you purchase a home from the bank?
The short answer to this question is maybe. Property values throughout the county have dropped considerably over the last couple of years. If you compare current home values in Richmond with what value of homes were three years ago, home buyers are getting a great deal across the market whether its a foreclosure or not. Read the rest of this entry »
What Is Your Richmond Home Worth?
The last year has been a tough one financially. Our investments such as 401K’s have taken a hit and many of us follow the stock market and our investment accounts monthly, weekly and sometimes even daily. But what about our homes? For most of us its our largest investment. Are you among the 95% of homeowners who don’t know the market value of your home?
If so you should consider having a REALTOR prepare a Comparative Market Analysis (CMA) for your home. A CMA compares your house with similar ones on the market in your neighborhood and homes which have recently sold. This information will give you an accurate value of your homes worth. Remember the real estate market constantly fluctuates so its a good idea to obtain one each year. Even if you are not selling your home right now, a CMA can help you determine your current net worth. Remember a CMA is the only market based method of measuring home values.
“Thinking of buying a home? A CMA for the property you are considering can be an important component in developing a negotioation strategy in determining your first offer and what you are willing to pay for a home”, says Skye Bruce of Skye Bruce Properties.
Would you like a CMA for your home? Contact Skye Bruce Properties, The Official REALTOR of RichmondHomeShopper.com for a custom CMA or create one yourself by using Skye Bruce’s MARKET SNAPSHOT. MARKET SNAPSHOT allows you to see all the homes on the market in your area and what homes have sold for recently.
Buying A Richmond Home For Less!
While buying a home can be a stressful process, it can also provide you great sense of achievement and satisfaction. Here is some helpful advice for you to consider when trying to get the best deal on a Richmond area home.
Vacant Properties
Vacant properties in the Richmond area are a great way to get good deals. Properties that are vacant do not have anyone living in them and are not making any money for the seller. Often, sellers are very willing to enter aggressive negotiations to get these properties off their books. This can be a great negotiation point for you, the buyer. Read the rest of this entry »
Buying A Richmond Area Townhouse
For those who feel a single-family house too big or takes to much effort to maintain, buying a townhouse can be a perfect solution. Here are a few things to keep in mind that will help you with your purchase of a Richmond area townhouse.
A townhouse is part of a building with attached neighbors, but the neighbors are only beside the unit, not above or below. Also, a townhouse often includes a small deck or backyard space.
Check out the homeowners’ association of any townhouse that you are interested in purchasing. Ask to see the previous month’s minutes so that you can see what issues were brought up. This can give you insight in to what issues are considered important in the townhouse community. When buying a townhouse, also remember to find out how much the homeowner’s dues are and what comes with paying that fee. Read the rest of this entry »
