What Might The Rest Of 2023 Look Like In The Local Housing Market?
Let's take some wild guesses here. Between June and December of 2023, what trends do I expect to see in the following areas... [1] Home Sales = no change (similar pace as…
Buying A Home In Harrisonburg When You Do Not Yet Live Here Is Particularly Difficult Right Now
TUESDAY: Nice! A pretty sweet new listing just hit the market. I will definitely plan to make the (four hour) drive to Harrisonburg this weekend to see that house!…
An Absence Of Competing Listings In A Broad Price Range Does Not Mean You Can (Or Should) Round Your List Price Up To The Top Of That Range
Most (all?) home sellers want to sell their homes for as high of a price as is possible. Makes sense. Why wouldn't you want the best possible price for your home? Pricing…
The First Buyer To Make An Offer Will Likely Not Include An Escalation Clause, At Least Not At First
Yes indeed, we're still in a market where we often see multiple offers on new listings... and when there are multiple offers, we are likely to see some escalation…
Home Buyers Seem To Be Drawing The Line In A More Rational Place Now When Making Offers
In 2021 and most of 2022, it wouldn't be surprising to see these type of offers... [1] price escalates $50K above asking price [2] no home inspection [3] no appraisal…
Home Sellers Will Not Voluntarily Sell Their Homes For Lower Prices Because Of Higher Interest Rates Unless Competition Forces Them To Do So
Quite a headline, I know. All for something that isn't actually happening in the local market. Here it is again... Home Sellers Will Not Voluntarily Sell Their Homes For…
Homes Are Still Selling Quickly, So You Should Know (Or Think About) Where You Are Going Next Before You List Your Home For Sale
Perhaps you are one of the many homeowners living in homes in Harrisonburg and Rockingham County who has lived in their home for 20+ years but are now ready for a change…
Should We Let Buyers View Your Home Before It Hits The Market?
Q: Should we let a buyer (or two or three) look at your house before it is listed for sale? A: Usually... no... though it depends on your goals. Despite higher mortgage…
Building Your Lists Of Definitely Yes, Definitely No, Maybe When Preparing Your Home To Sell
Walking around and through your house together can be help us build three lists related to preparing your house to go on the market... [1] Definitely Yes [2] Definitely…
Different Segments Of Our Local Market Are Performing Differently. This Is Normal.
Over the past few years almost every house, in any location, at any price point, would have double digit showings and multiple offers and would likely sell over the…
Median Sales Price Up 10% In 2023 Despite 19% Decline In Home Sales
Happy Tuesday morning, friends! We are now -- wait for it -- more than a third of the way through 2023!? How can it be!? And how's the market you might ask? Fewer homes…
In The Real Estate World, It Is Almost Time For Kids To Go Back To School
Yes, I know, I know, the school year hasn't even ended yet. So why am I already thinking about when school aged kids are going to be going BACK to school in the Fall!?!…