Reasonable Goals For Buying An Investment Property In Harrisonburg
Every investor (or potential investor) comes to the table with different expectations for an investment property that they may choose to purchase. A few examples of this…
Is it logical for a buyer to want 10% off of a "fair" asking price in today's economy?
Keston recently commented here as follows: That is a conundrum. In the early and mid 2000s sellers believed they should ramp up their prices relative to recent comps…
Buying A Foreclosure: Before, At, After The Trustee Sale
There is often confusion about what it means to "buy a foreclosure" -- and it really all revolves around whether your potential purchase is happening before, at, or after…
Did Our Area's Median Sales Price Increase Because Bigger Homes Were Being Built And Sold?
This is another great question about the Harrisonburg and Rockingham County market! The graph below shows how the median sales price has increased over the past 10 years…
The Puzzle (To Buyers) Of A Low List Price
It can be difficult to price property as a seller, but another interesting puzzle is how a buyer should respond to a low (super-low) asking price. There are several…
Do Townhomes in Harrisonburg Hold Their Value?
This is a fascinating question, asked by a potential townhouse buyer who is concerned that townhouse values might be more volatile than single family homes because there…
It's A Tough Time To Be Pricing Real Estate As A Seller
You just can't win! The experience I'm having, on the ground, is this: If a house is priced "appropriately", given normal pricing methods of the past few years (see…
The October 2009 Harrisonburg and Rockingham County Real Estate Market Update . . . for auditory learners.
Enjoy this brief video segment discussing real estate market conditions in Harrisonburg and Rockingham County as of the close of October. What do you think? Why has our…
Has The First-Time Buyer Tax Credit Pulled More Buyers Into The Market In Harrisonburg, Rockingham County?
Warning: This analysis, though numerically and statistically based, is an abstract answer to a nearly impossible question. The question, raised today by Chad, is whether…
October 2009 Harrisonburg & Rockingham County Real Estate Market Report - Sales Steady, Prices Inch Lower
I just published my monthly market report on Harrisonburg and Rockingham County. Read on for a summary, or jump right into the report by reading it online or downloading…
What is, isn't, and will be (or not) in the Harrisonburg and Rockingham County real estate market
Each month I publish a real estate market report for Harrisonburg and Rockingham County, which includes this graph: Overly simplified, you'll notice in this graph that…
Are Smaller Homes Faring Better Than The Overall Market In Harrisonburg and Rockingham County?
My hypothesis was that smaller homes were performing better in Harrisonburg and Rockingham County than the market at large. After all, there is a significantly greater…