Is The Housing Market Still Crazy? Is The Sky Still Blue On A Sunny Day?
So, yes... the housing market is still crazy... and the sky is still blue on a sunny day. Speaking of sun... and heat... looks to be a scorcher this week!?! A client…
Selling A Home Is A Sprint, Buying A Home Is A Marathon
"How's the real estate market these days? Moving pretty fast, right?" Well, yes and no. It depends on whether you are a seller or a buyer. :-) Indeed, if you are selling…
Are Lumber Prices Finally Starting To Normalize?
If you haven't heard -- lumber prices skyrocketed during COVID. The graph above shows only the past 12 months. If we look a bit further back we can get a bit more…
All The Cool Kids Are Offering To Pay Over Appraised Value These Days
Escalation clauses are so YESTERDAY!?! ;-) Not really -- many/most buyers are still using them -- but they don't matter much if an appraisal is going to rein a sales…
Home Prices Are Rising Quickly But Buyers Seem To Be Well Qualified To Buy What They Are Buying
I started working in real estate way 18 years ago, way back in 2003. Between 2003 and 2006 home sales and prices shot up quickly -- and then sales slowed dramatically and…
What Is A Seller To Do When The Appraisal Comes Back Lower Than The Escalated Contract Price
You're ready to sell your home. Great! We look at comparable sales and decide that your home is likely to sell for $300K in the current market. We debate pricing your…
What Would Be A Reasonable Offer To Make On This House?
Some clients asked me this question a few weeks ago... What Would Be A Reasonable Offer To Make On This House? ...and we had a good laugh after we started thinking and…
Several Ways To Think About Appraisal Contingencies
It used to be pretty common for real estate contracts to be contingent on the property appraising at or above the contract price. If a buyer was to be paying $350K for a…
I Do Not Think The Housing Market Would Collapse If Mortgage Interest Rates Rose A Bit
Mortgage interest rates have been very low for quite a while now. The average 30 year fixed rate fell below 4% just over two years ago -- on May 30, 2019 and has never…
265 (More) Apartments Planned For Stone Spring Road
view a larger image Harman Realty and Stone Spring Holdings LLC are proposing to build 265 apartments in a development to be called EPOCH on Stone Spring Road, between…
Creative Ways To Prepare To Buy A Home In A Market That Heavily Favors Sellers
My constant refrain to buyers in this market has been... Go see a house on the first day or two it hits the market, be ready to make an offer that same day, be prepared…
Harrisonburg Area Home Sales and Prices Rising Quickly In 2021
Happy Friday morning to you, friends in the Harrisonburg real estate world and beyond! It is a wild and crazy time right now in the local real estate market with many…