Home Buyers Went Bananas In August 2020
A little later this month I'll take a thorough look at all of the home buying (and selling) activity in Harrisonburg and Rockingham County. But before we get there - I…
When Buying A House To Rent To Students, Call Community Development First!
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…
Local Home Sales Slow Slightly But Prices Are Up 10% in 2020!
Happy Tuesday Morning! Summer is winding down, and it's been a bit of an unusual one... kids haven't been inside a school building for five months instead of the usual…
Will COVID Cause Local Home Prices To Decline?
I still get this question from time to time and my general thought, at this point, is that it is quite unlikely that COVID will cause home prices to decline locally. Home…
If You Have Not Heard, Mortgage Interest Rates Are SUPER Low Right Now
If you had asked me a year ago whether we'd see interest rates get as low as 3% - or lower than 3% - I would have said "no, definitely not, they couldn't get that low!"…
The Floor Plan Or Layout Of Your House Can Make Or Break The Sale
If a buyer is buying over $400K, or even over $300K, the layout of the home becomes very important to them. That is not to say that it is unimportant for a $200K buyer…
How To Run The Numbers On Upgrading To A New Home
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you'll sell for your closing costs when selling your mortgage payoff…
You Might Not Want To Spend As Much As You Are Qualified To Spend On A Home
Most folks who buy a home this year will not be paying cash. An important early stage of the home buying process is to talk to a lender to become pre-approved for a…
Harrisonburg Area Home Prices Up Nearly 7% in First Half of 2020
Happy Tax Day! Yes, that's right, today is the extended deadline for filing and paying income taxes. But the day is still young, so read on for an update on our local…
Home Buyers In 2020 Are Locking In Ridiculously Low Mortgage Interest Rates
If there is one trend line that we like to see declining -- it's mortgage interest rates! :-) The interest rates at which buyers are financing their mortgages have been…
This Could Be A Good Time To Sell A Townhouse Under $200K, Built Since 2000, In The City of Harrisonburg
If you have a townhouse to sell in the City of Harrisonburg, built in the past 20 years, that would be priced under $200K, this may be an excellent time to sell it…
Renting or Buying A Home Within A 5 Year Time Horizon
If you will only be in your next home for two (or 1, 3, 4 or 5) years -- should you buy that home? Or just rent a home instead? Let's take a look, assuming a price point…