Banks eager for short sales!?
A short sale is one where the sales price was insufficient to pay the total of all liens and costs of sale; and where the seller did not bring sufficient liquid assets to…
Good News & Bad News: Downtown property values are on the rise
From the Daily News Record we learn that with the latest City assessment, the 173 parcels in the downtown business district had a median 25.22 percent increase in…
Buyers are lining up to buy a house before the holidays!
Admittedly, I'm drawing this conclusion from several disparate data points, but examine the facts... While shopping at Martins for half an hour this weekend I received 4…
The great mystery of showings - when and why do they happen?
Especially in our current market, it is very challenging to predict the "popularity" of a house -- in other words, how many prospective buyers will come to view the…
Books-A-Million moving to the Valley Mall!?
From the building permit data in today's Daily News Record... Simon Property Group, interior renovations to existing space to create retail space for Books-A-Million…
Do you want to know what I really think?
When asked for my professional real estate opinion, I used to ask "Do you want to know what I really think?" Or I would find myself prefacing some of my comments with…
How close are buyers coming to the asking price?
One issue that often seems to be on a buyer's mind these days is the question of how much they should be able to negotiate off of an asking price for a house. Let's take…
Have Questions? Get Answers!
Buying or selling real estate can be a complicated process at times, and questions often abound. If you have questions about the process, or about the market, or about…
October 2008 Harrisonburg & Rockingham County Real Estate Market Update
The October 2008 Harrisonburg & Rockingham County Real Estate Market Report is now available. Click here for a printable PDF of this report. Sales continue to be slow…
Making sense of turbulent economic times
It can be terrifying to watch the business news these days… Bear Stearns hedge fund collapses. Countrywide is acquired by Bank of America just prior to collapse. The U.S…
Days on Market Record-Breakers
In the last three months, 250 properties have sold in Harrisonburg and Rockingham County. On average, it took 177 days from the time they hit the market to the time they…
The Emotional Roller Coaster of Selling Your Home
While houses are certainly selling, and some are selling quickly, there are many homes that are languishing on the market because of a collective increase in hopeful…