Looking Closer at Investing
Yesterday, I was commenting on the market demand for well maintained rental properties for non-students in the City of Harrisonburg. I had pitched these general…
Ravenous home buyers are still picky eaters
Inventory is low -- buyers do not have many choices of homes to purchase -- but that doesn't mean they'll buy ANYTHING. Buyers are still being relatively picky, not…
Lock Your Mortgage Interest Rate NOW
What??? Average mortgage interest rates (on a 30 year fixed rate mortgage) are back below 4% again. I truly did not think we'd see that this year -- or possibly ever. It…
Buyers have to be ready to act FAST these days!
So many homes these days are going under contract QUICKLY and sometimes with MULTIPLE OFFERS! Depending on the house, and the location, and the condition, and the price…
How many homes will you really be choosing from?
If you are entering the market to buy a home, the number of homes you will have to choose from will vary widely based on what you are looking for in a new home. Some…
Can Home Buyers Keep Up The Pace in April 2017?
Last year (2016) was a startlingly strong year in the residential real estate market in Harrisonburg and Rockingham County -- and thus far, 2017 seems as if it will hold…
Is a balanced market always this fleeting?
The graph shown above is an illustration of changing inventory levels (blue line) and the number of buyers buying in a six month period (orange line). The point at which…
Rockingham County Likely to Increase Real Estate Tax Rate by Four Cents
Rockingham County's budget for the 2018 fiscal year (which begins July 1) includes a proposed $0.04 increase in the real estate tax rate, which would increase from $0.70…
Half As Many Options for Buyers Under $200K
Housing inventory levels are declining in Harrisonburg and Rockingham County, but perhaps none so precipitously as the under $200K market. As shown above, there are HALF…
Strong Home Buying (Contract Signing) Activity in March 2017
This beautiful home is 2930 Brookstone Drive - check it out here! Wow! March was a wild and crazy month in the real estate world in Harrisonburg and Rockingham County…
Balancing RISK and REWARD when purchasing a rental property for your JMU student
If you are looking to purchase a rental property for your JMU student to live in while they are a student at JMU, there are two basic paths you could go down.... Option 1…
The process for making an offer, when you are ready
How, you might ask, do we go about getting from the point of wanting to make an offer --- to actually making the offer? Here's a brief overview.... Obtain a pre-approval…