The way it used to be : Buyer puts a contract on a house, goes through all the processes to get to closing, and a few days prior to closing would call his insurance company to get a homeowners’ insurance policy. The way I prefer : As part of the Offer to Purchase, we include this form which sets out the following three things: – Maximum annual premium for Homeowners’ Insurance policy – Maximum deductible (higher is better, in my opinion) – Timeline for the Buyer to confirm that he can get sufficient coverage that fits within these limits. … With the proliferation of CLUE Reports, which essentially serve as CarFax reports for houses, sometimes a house can have a “bad credit report” which can impact a buyer’s ability to purchase affordable homeowners’ insurance. If we can remove one variable from the equation, which this addendum does, we’ve achieved a simple win-win for both the buyer and seller.
Posts Published by Jim Duncan
Charlottesville Real Estate Radio – WNRN 27 December
Firm Walks Away From 5 Properties Short Sales: 11 Short Sale Frequently Asked Questions Short Sale Help – HAFA Foreclosures in Charlottesville: Two properties with $100k price reductions A quick look at some of the foreclosures in the Charlottesville/Albemarle area shows that there are foreclosures ranging from $25,913 to $1,010,000 Biscuit Run may become a park: – Charlottesville Tomorrow – cvillenews – The HooK Tax Credit: Who qualifies for the homebuyer tax credit? … From NAR Tax Credit information on RealCentralVA HR 3458 – For our purposes, known as the “homebuyer tax credit act ” More on Home Sales – nationally Why U.S. Home Sales Are Both Up and Down New-Home Sales Drop 11.3% As Impact of Stimulus Fades Home Sales up as Buyers Respond to Tax Credit – National Association of Realtors (read with the biased grain of salt) More on Home Sales – Charlottesville/Albemarle Predictions and Prognostications: Prepped but Didn’t Get to: U.S. Lifts Limit On Aid To Fannie, Freddie Shadow Inventory The nationalization of America’s mortgage problem Resources for Accidental Landlords As Slump Hits Home, Cities Downsize Their Ambitions Fannie, Freddie and the Struggles of HAMP OFHEO – Rankings by *Metropolitan Statistical Areas and Divisions Percent Change in House Prices with MSA Rankings** Period Ended September 30, 2009 OFHEO says Charlottesville real estate has appreciated over 5 years 
Twitter Week in Review
I know how was can make air travel safer. Ban passengers. That'll show 'em. # @chadratliff I'd like an app that would make time for me to actually read the stuff I intend to read…
Recycle Those Christmas Trees in Charlottesville and Albemarle
View Christmas Tree Recycling in Charlottesville-Albemarle in a larger map From the County of Albemarle : Trees will be recycled into free mulch for the public It’s almost that time of year again! As in the past, the Albemarle County Parks & Recreation Dept will host its annual Christmas Tree Recycling Program beginning December 26, 2009 through January 16, 2010. … Shortly after the City’s curbside pick up, the County and City Parks & Recreation crews will team up to chip the estimated 2600 trees at Darden Towe Park. … The sites are as follows : – Chris Greene Lake in Earlysville – Crozet Park – Darden Towe Park – Greenwood Community Center * – Rivanna Solid Waste Authority Recycling Center on McIntire Road (*note: Sunday hours are 12noon – 5pm) – Scottsville Community Center – Walnut Creek Park The recycling location on McIntire Road may be congested; please consider Darden Towe Park as an alternate location that is less congested and is suited better for large loads and contract haulers.
Another Hundred-Thousand Dollar Price reduction
Three days ago it was this foreclosure in Crozet . This time in the Spring Creek development in Louisa – from $425,900 to $325,000. [idx-listing mlsnumber=”472145″ showall=”true”] Spring Creek was (and is) a destination for those relocating to Charlottesville who want larger homes in a golf course community, but with the reasonable proximity to Charlottesville, the NGIC/DIA facility on 29 North as well as Richmond/Short Pump. I have a feeling that there will be some strategic defaults here.
Foreclosure in Crozet – And a Heck of a Price
I don’t write about specific listings that often, but this is a pretty remarkable price – and price reduction – on a single family home in Crozet. While it is located right on Jarman’s Gap…
Radio this Weekend – WNRN Sunday Morning Wakeup
We’ll be discussing year-end statistics about the Charlottesville region’s real estate market, prognostications for 2010, real estate and technology trends that consumers need to pay attention to and probably quite a bit more. … Maybe a little plug for Nest Realty – Charlottesville’s newest real estate brokerage If you’re going to buy a home in Charlottesville in 2010, when should you start looking? … ) ( now ) (Same if you’re looking to sell a home in Charlottesville ) … … (have you noticed the Meebo bar at the bottom? … I love doing radio for some of the same reasons I love writing this blog – one of the foremost reasons is that live radio forces me to prepare …