Browsing Category Sellers

To sell or not to sell?

such as sweeping and cleaning cobwebs from corners.There are a lot of corollaries between our local market and the Northern VA market, not least the amount of young professionals and their transience. Seeing a quote such as this – For sellers in the nation’s hottest housing markets, the thought that the peak may have passed is sobering. In the suburban Washington, D.C., market, the number of contracts for single-family homes fell 8.9% in July from the year before. Brokers who used to oversee bidding wars of houses that hadn’t had a makeover in decades are now pushing sellers to fix up their places to sell faster.lend credence to my belief that the market is shifting a bit, and not only due to the cyclical nature of the market (due in large part to the school calendar).

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C’Ville’s bubble

My short answer is “maybe.”There has been an awful lot of discussion here and elsewhere about the possibility of a real estate bubble locally and nationwide…. What happens in California (they have 17 of the top 20 “extremely overvalued” markets) does not have a direct, nor a necessarily indirect effect on the Charlottesville/Central VA market. What their data can do is give us guidance of sorts.When California Association of Realtors starts issuing an Amendment titled “Market Conditions Advisory,” which states, “In light of the real estate market’s cyclical nature it is important that buyers understand the potential for little or no appreciation in value, or the actual loss in value, of the property they purchase.”… One would expect our market to be more valuable than many markets, especially in light of the recent news that we are the Number One Best Place to Live (again, ranked by USA Today).

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