Home Buyers Went Bananas In August 2020
A little later this month I'll take a thorough look at all of the home buying (and selling) activity in Harrisonburg and Rockingham County. But before we get there - I…
There Are Not Necessarily Always Buyers For All Homes Ready To Buy At All Times
If you are preparing your house well for the market - and pricing it appropriately, according to what other buyers have recently paid for similar houses - and the house…
How Should A Home Seller Actually Interpret Buyer Feedback?
As a home seller, if you didn't get a contract within a few days of your house being listed for sale, you may continue to face rejection left and right -- some…
How Far Can You Or Should You Round Up The List Price For Your Home?
Sometimes it is tempting for a seller to want to round up their list price. The seller says (or thinks)... "We think the house is worth $240K? And you're saying we should…
When It Comes to The Local Housing Market, The Early Bird Truly Does Get The Worm
I suppose we have all heard of the proverb "the early bird gets the worm" which has a pretty helpful definition on Wikipedia... "Whoever arrives first has the best chance…
When Buying A House To Rent To Students, Call Community Development First!
With great regularity, potential buyers (either investors or parents of JMU students) will ask if a single family home can be purchased and rented to a group of JMU…
So You Are Saying You Are Having A Hard Time Finding A Home To Buy?
So - there are only 186 homes for sale in all of Harrisonburg and Rockingham County. Which, as you can see above, is much lower than the number of homes for sale for most…
Buyers Seem To More Frequently Be Willing To Pay Above Appraised Value For Houses
In today's local housing market we're seeing... high levels of buyer demand limited inventory of homes for sale at any given time as a result of the two items above…
Sellers Consider More Than Just Price, So Your Escalation Clause May Need To Be Tweaked Accordingly
If you are trying to buy a home in a price range (under $250K) where there are often (usually?) multiple offers on the table, you may find yourself considering the use of…
Should You Be Surprised If Your Home Sells At Or Above List Price?
No. You should not be surprised if your home sells at or above the list price. As shown above, 53% of homes that have sold thus far in 2020 have sold at or over their…
Home Buyers And Sellers Made Up For Lost Time In June, July
Well - hello June and July! The red line above shows the number of contracts signed for each of the past five months. The blue line shows the average number of contract…
Local Home Sales Slow Slightly But Prices Are Up 10% in 2020!
Happy Tuesday Morning! Summer is winding down, and it's been a bit of an unusual one... kids haven't been inside a school building for five months instead of the usual…