Another Busy Summer For Home Buyers (And Sellers)
It has been another busy summer for home buyers and home sellers thus far this year. As shown above, 200 buyers (and thus, sellers) have signed contracts on homes in…
Ask About The Age Of The Roof And Heating System Before Making An Offer
When the home inspector says "the roof is fine but probably will need to be replaced in three to five years" it isn't reasonable to ask the seller to replace the roof…
All Homes Are Not Appealing To An Equal Number Of Home Buyers
There are many more home buyers in our market who can buy a $300K home than there are that can buy a $500K or home or a $800K home. But... we can't over generalize and…
As Your Home Search Continues, Will You Become More Or Less Picky?
Every new listing isn't having multiple offers these days... but plenty of new listings are getting lots of attention... and some are having multiple offers. As a result…
Only Six Townhomes Remain In Phase Two Of Congers Creek!
Brand new townhomes are being built at Congers Creek, located on Boyers Road, just minutes from the Sentara RMH Medical Center -- but only six townhomes remain for sale…
What Is Median Days On Market Hiding These Days?
At first glance, homes are going under contract just as quickly this year as last year, as shown by looking the first six months of each of those years... First Half of…
Annual Home Sales Have Been Declining For Two Years But Might Be Rising Again In 2024
The green bars above show years when the number of home sales (per year) increased compared to the prior year. The red bars above show years when the number of home sales…
Most Home Buyers Prefer To Close Within About 30 To 45 Days
How early should you put your home on the market? Maybe three or four months before you want to move out? Maybe not. Most home buyers these days want to be able to close…
Home Sellers Usually Do Not Drastically Exaggerate Their Home Features
Sometimes a home's description is a bit over the top, such as this AI generated description of a very small home that is trying its best to sound amazing... "Introducing…
I Know I Will Not Find A House With EVERYTHING I Want, But I Cannot Decide Which Compromises To Make
This is a tough one, and many buyers feel this way these days with limited options of resale homes to consider purchasing... You might come to the table with five "must…
Some Home Sellers Will Need To Be A Bit More Patient Now
For several years (most particularly 2020-2022) homes of every size, price and in every location would just FLY off the shelves. Ready to sell? No problem. There would be…
Midway Through 2024, Home Sales Are Increasing But Sales Price Increases May Be Slowing
Happy Thursday... and... Happy Free Slurpee Day! ;-) We are officially halfway through 2024! Wow! It has been a whirlwind of a start of the year... and a HOT start to…