Harrisonburg Foreclosure: 244 Commerce Drive ($22K)
Property CharacteristicsFinished SF1,120 Circa2006 Bedrooms3 Bathrooms2.5 Lot Size0.051 acres PricingAssessment$138,300Original Amount of Deed of Trust$116,000…
May 2008 Home Sales - In Context
Home sales in May 2008 made their annual seasonal increase (91 in May '08 versus 79 in April '08) -- but sales are still well below the levels from the past few years…
Housing Supply Trends - June 2008
Housing supply keeps increasing, in all price ranges. "Housing supply" is measured by dividing the current inventory by the average number of home sales per month over…
Update on Housing Supply - June 2008
This is an illustration of the relationship between our market’s supply and demand in four price ranges. The numbers (7, 11, 14, 26) represent the months of supply of…
Do you think the couch would fit over there??
One of the fun tools that I use as I work with buyers is my laser measuring device. This handy device uses a laser beam to measures the distance across a room --- with a…
Notice to Purchasers... due diligence... sexual offenders...
As I work with buyers to prepare contracts to purchase, we spend some time reviewing the 30 paragraphs of the standard Virginia purchase contract. If you will be buying a…
Is there a price at which you would buy this home?
Back in February '08, I wrote about buyer and seller perspectives on our real estate market, and pointed out that many buyers are bashful right now. They will look at…
Urban Exchange - Done Digging, Now Building UP!
After MANY weeks of digging down (down, down, down), the foundation for Urban Exchange is finally coming up out of the ground! For those of you who are not familiar with…
Slower Market Gives Buyers Time To Evaluate
My column from the May issue of the Shenandoah Valley Business Journal... Between 2003 and 2006, buyers were stumbling over themselves to buy real estate – it was a fast…
The Wisdom of Neighbors
Are you considering purchasing a home? Do you have questions about the neighborhood? Ask the neighbors! I showed a property this afternoon in a neighborhood where I had…
Buying A Foreclosure Property Before The Sale
Can it be done? YES! Is it easy and fun? NO! Properties in Harrisonburg and Rockingham County that are being foreclosed on are almost always advertised in the Daily News…
What on earth is this "cap rate" you keep talking about?
No --- that's not a cap rate!! Simply put, a "cap rate" is a measure of how quickly your investment is being returned to you. By your "investment" I mean the value of…