Predicting Home Sales Using Online Property Views
Can we predict home sales by examining the number of properties viewed on the network of Coldwell Banker Funkhouser Realtors web sites? Possibly.... Above you'll see a…
Price Right From The Start, Unless You Find Great Joy In Waiting
As referenced yesterday, we're seeing quite a few price changes --- nearly 700 so far in 2009 --- so let's examine why they are happening, and whether they are necessary…
Sellers Must Really Be Dropping Their Prices, Right???
Sort of....but maybe not effectively?? The chart below shows the number of price changes per year of homes that have sold for each of the past nine years. Some houses…
Is Harrisonburg Nearing Break Even Again On 80% LTV Investment Properties With Conservative Calculations?
Many (many, many, many) townhouses were built in Harrisonburg between 2002 and 2007. They are still being built, but not at the same pace. The principal reason for this…
Either The First Time Buyer Tax Credit Is Working, Or The Harrisonburg and Rockingham County Real Estate Market Is Improving, Or Both!??!
For the past three years (2006, 2007, 2008) we have seen a decline in the number of home sales in the 3rd Quarter (July, August, September) as compared to the 2nd Quarter…
Oops! The Contract Price Is Higher/Lower Than The Appraised Value!
Most sellers want to sell "above value" and most buyers wants to buy "below value." In a balanced world, however, a seller would sell for the "actual value" of their…
Is the Pace of Home Sales Finally Increasing In Harrisonburg and Rockingham County?
There are some who are predicting that the coming months will be QUITE slow in terms of home sales. After all, the first time buyer tax credit is ending, and we're…
A Bird In The Hand Is Worth About 1,000 In The Bush!
This is a well-known idiom, but it is sometimes left by the wayside when sellers are negotiating offers on their homes. Thankfully, I don't typically have clients who…
What Are Your Home Buying Goals: A Place To Live, An Investment, Or Both?
Why do people buy homes? In a context stretching prior to 2002, people bought homes mostly because they needed a place to live --- and buying a home provided stability…
"Priced To Sell" -- Just Crazy Marketing Talk?
Do you take special interest when you hear (or read) "Priced To Sell"? Should you? There are 20 homes on the market right now in Harrisonburg and Rockingham County…
HELP! I'm trying to sell my house for more than $400,000!
Today, there are 128 homes for sale in Harrisonburg and Rockingham County priced above $400,000. One problem -- only 4 or 5 homes sell each month. Thus, as Keston…
Harrisonburg and Rockingham County Median and Average Sales Price Increase in September 2009, but . . .
Perhaps as a result of the $8,000 tax credit, this month's home sales were not as low as could be expected given the year-to-date trends. During the first nine months of…