Articles

Using An Escalation Clause To Make Sure You Do Not Pay More Than You Need To Pay For A House

March 25, 2022

This might sound a bit counterintuitive to suggest in the current market, but I believe an escalation clause can (amidst other appropriate offer terms) be an effective…

Half of All Homes Listed For Sale in the Past 10 Days Were New Homes, or To Be Built Homes

March 23, 2022

If you want to buy a home, great news... there have been 100 homes listed for sale over the past ten days! Oh, but wait. :-) Half of those homes were new homes or…

Homeowners In Harrisonburg, Rockingham County, Likely Improved Their Net Worth By Approximately $25,000 Over The Past Year

March 22, 2022

This fits into the category of... happy news for homeowners not so happy news for would-be home buyers who haven't been able to buy yet not so happy news for those who…

Some Home Buyers Are Offering Sellers The Opportunity To Stay In The Home For A Few Weeks Or Months After Settlement

March 21, 2022

In this VERY competitive market, would-be buyers are going to great lengths to try to be the winning buyer selected by a home seller. In many larger markets (think cities…

Home Sales Rise Again, Along With Prices, In February 2022

March 18, 2022

Happy Friday Morning, and for many of you, Happy (end of) Spring Break! I hope your week has gone well, whether you had a break or not. I was able to skip town for part…

It Can Be Difficult For An Owner Occupant Buyer To Compete With An Aggressive, Motivated, Investor Buyer With Cash

March 17, 2022

Some properties that hit the market these days -- particularly townhouses -- appeal to two different pools of buyers... Owner Occupants - often first time buyers, hoping…

Go, Go Now, Go Fast, Go See That House That Was Just Listed For Sale!

March 14, 2022

This is not news to most of you -- but homes are selling QUICKLY these days. It's no longer sufficient to try to see a new listing in the first week that it is on the…

Where Are All Of These New Proposed Residential Developments Located?

March 9, 2022

There are approximately 1,700 new homes being built or to be built in active residential developments... ...and approximately 4,400 new homes planned or proposed in…

Rezoning Requested for 48 Apartments on Chicago Avenue, Behind La Morena

March 8, 2022

The City of Harrisonburg Planning Commission will consider a rezoning request and special use permit request this week (3/9/2022) to allow for the construction of 48…

As You Might Expect, Most Home Sellers Are Not Providing Closing Cost Credits These Days

March 7, 2022

Sometimes a home buyers doesn't have all the cash on hand that they need for both a down payment and the closing costs. In that situation, sometimes a buyer might propose…

Does It Make Sense To Wait To Buy A Home Until Prices Decline?

March 3, 2022

Does It Make Sense To Wait To Buy A Home Until Prices Decline? I think not. I think it will be a long wait. But sure, I am willing to be wrong. ;-) Home prices have been…

Missed Another Resale Home? Maybe Build A Home Instead?

March 2, 2022

An age-old question is whether to buy a re-sale home or build a new home, especially as your price range gets above $500K or $600K. Typically, the tension between buying…