RealCentralVA.com

This month: Meaningful community, a typical situation, inventory and expectations, and my first closing.

January is the month I started writing RealCentralVA in 2005, then I started writing these notes in January 2014. There have been incalculable changes in life and the real estate space since then, and two things are constant: 1) I’m writing this note as if I’m writing it to someone who is interested in the real estate market, and who is not a real estate agent/lender/etc. 2) No matter the changes in real estate, I remain committed to learning, listening, and representing my clients.

What questions do you have? 434-242-7140

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What are some of the things that you consider when evaluating whether to move to Charlottesville, Virginia? What follows are some of the things my buyer clients consider, whether moving from another city within the Commonwealth of Virginia, another state, or another country. This is in no way a comprehensive list, but I think it’s a good foundational start.

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1) first time homebuyers are less risky than second+ homebuyers, and rental history was now allowed to be used when qualifying buyers. I asked Matt Hodges with Gray Fox Mortgage to send me what he was talking about; when I got it, I asked him to write something for you, so we can all learn something.

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What’s the rough ratio of private buyers vs. LLC’s or Corporations buying houses in this area? There are a ton of articles touting how home buying has increased significantly this past year, but they seem at odds with other articles espousing how corporations are buying up inventory at an astounding rate and leaving them empty or using them as rentals. Since houses in this area seem more unaffordable than ever, I’m wondering if there’s a correlation.

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