Home Sales Slow, Prices Pop, Contracts Climb
Find out about this beautiful home at Preston Lake: 3168PrestonLakeBoulevard.com. I just published my most recent monthly market report, and as usual, you can read on for…
Can All Homes In Harrisonburg Be Rented To Groups of JMU Students?
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…
Mortgage Interest Rates Edge Back Down, A Bit
Mortgage interest rates have steadily climbed over the past nine months -- from 3.78% last September to 4.66% about two weeks ago. Now, however, they have drifted back…
Showing Feedback Unrelated To Price Might Really Be Related To Price
My house has an unbelievably steep driveway, but all of the potential buyers (who did not make an offer on my house) didn't complain about price, they complained about…
Are You Thinking About Purchasing A Modular Home?
Image Source According to Wikipedia, a stick-built structure is "one constructed entirely or largely on-site," as opposed to a modular home that is "divided into multiple…
Dealing With Water Damage In Your House
It has been a wet few days in the Valley. My house has remained dry, but I have been perfecting my water removal skills via shop vac, squeegee and more at our church…
FOMO (Fear Of Missing Out) in Real Estate is Real and Reasonable
OK -- I'll bend the definition of FOMO a bit to make a point. The "real" definition -- "anxiety that an exciting or interesting event may currently be happening…
This House Is Sold AS IS, Inspection For Informational Purposes Only
Sometimes a seller is stating this as soon as they list a property: All inspections are for informational purposes only. or This house is being sold in "as is" condition…
Your 1200 SF In Your Basement Is Not The Same As My 1200 SF Above Grade
So -- your neighbor's 2400 SF, circa 2000, 4 BR, 2 BA home just sold for $300K. It's probably reasonable to think that your 2400 SF, circa 2000, 4 BR, 2 BA home will also…
Focusing Only On One Comparable Sale Can Lead Us Astray
It's easy to want to do this -- as either a buyer or a seller. Let's think about it using the mostly fictional illustration below... THE BUYER'S STATED PERSPECTIVE I know…
In The Real Estate World, It Is Almost Time For Kids To Go Back To School
Yes, I know, I know, the school year hasn't even ended yet. So why am I already thinking about when school aged kids are going to be going BACK to school in the Fall!?!…
Buyers Buying Faster This May Than Last
In the past 12 months there have been 1274 home sales -- compared to 1324 in the 12 months prior -- so, technically, the pace of home sales in our market has slowed by 4%…