There are few better motivators than fear of sounding unprepared and unintelligent – due to the last-minute call from Coy, I am now very up to date on all of the below issues.- If you’re pricing a property, price it to sell…. Solds may matter little, and what the seller paid for the property is irrelevant with regards to market value (as is the assessed value).- We discussed the current state of the Charlottesville market.- Declining markets and “Jingle Mail” – here is an excellent article on this from a professional appraiser’s point of view.- Property rights and Ron Paul (briefly)- Several callers called in and discussed the rural area ordinances that are up for a vote this evening in Albemarle County. This is a passionate debate between property rights advocates, “greater good” opinions, preservationists and more.We didn’t get around to discussing Senate Bill 768 – which would either destroy or fix the current proffer system, depending on you perspective , but I encourage any and all to learn more about it…. They’re talking about taxes, but the word “tax” isn’t used until the last page – page 12 if you happen to print it out.As soon as the podcast is posted, I’ll post it.
Browsing Category Shameless Self Promotion
Tune into WINA this afternoon
I’m going to be filling time from five to five thirty this afternoon. For those unlucky readers who don’t live in the Charlottesville area, you can catch the podcast tomorrow on CvillePodcast.Topics I expect we’ll touch on – Rural area protection ordinances, 29 north, proposals in the city to set aside pre-budget money to subsidize housing, current state of the Charlottesville area real estate market and maybe Senate Bill 768, which would change the current proffer system to one requiring impact fees.
Podcast posted – The State of the Charlottesville real estate market
Huge thanks to CvillePodcast for persisting and posting the podcast of last week’s show.Realtor Jim Duncan and mortgage broker Matt Hodges of Compass Home Loans join Rick Moore on the January 20th edition of WNRN’s Sunday Morning Wake-Up Call to talk about what’s new in the area real estate market. The pair answer questions and give explanations of how to buy real estate and how current trends have affected professionals and influenced buyers of property.This is the summary of the show from last week.
Recap of Sunday’s show on Charlottesville real estate and economy
An hour flies by surprisingly fast, and seems to go quicker every time.Topics we ended up covering – – The Charlottesville/Central Virginia real estate market and what about Waynesboro and Augusta growing impact?… (I’m not an economist, but I took my best shot)- UVA’s sustaining impact on the local area and economy, as well as NGIC, State Farm, etc. – The impact the service industry has on the Charlottesville economy.- Vacant houses, REO properties, foreclosures and sellers’ expectations and pricing strategies- Tightening lending standards – Matt referred to Dan’s video that I posted earlier last week.- The agent/lender “bubbles” – as Matt so eloquently stated – “get good, or get out” of the industry.I have no idea how many people listen to the show, as WNRN doesn’t participate in Arbitron ratings, but it’s surprising how many people listen to the show live or on the podcast. This was the third time that Matt and I have done this show together, and I think that we could do this type of show once a quarter. We didn’t talk about everything we wanted to, but my hope is that I sounded honest, somewhat intelligent and competent.I’d love to spend time talking about the benefits of working with an experienced Realtor, why to use a Buyer’s Agent, pricing strategies (don’t overprice it!)
Questions for today’s radio show
I received this email yesterday afternoon as a heads-up for today’s show (tune in to WNRN at 11!): · Are you reliant on increasing sales figures(value) to be successful?· Are you worried about a recession?· Do we or do we not have housing surplus?· Things that help/hurt the sales economy?· Have lenders (bank, mortgage) gotten tighter in this area too?· People say we have a strong ‘service sector’. How does the low unemployment rate and many unfilled service jobs affect real estate sales and satisfaction of new residents?· Many folks refer to the University as why our area will not suffer an economic recession, or at least just a minor bump if the rest of the nation suffers greatly. Please explain.· Can’t the University (and our local businesses) suffer if students and their families have less credit and tighter overall budgets?
Real estate radio in Charlottesville on Sunday
I’m going to be on WNRN’s Sunday Morning Wake-up Call on Sunday, 20 January to discuss the Charlottesville economy, and the real estate market in particular. One thing I like (and fear) about live radio is the immediacy – the thinking-on-the-fly aspect. There’s no spell-checking, no proof-reading, just honest dialogue.What questions do you have, or what topics would you like to have covered? Last time, Rich nailed me – we’re still not technically in a “declining market,” but we may be close (I’m working on such a story).As a real estate buyer or seller – do you see or perceive a difference between someone paying to have a real estate show or being invited to be on a show?I’ve been on the radio a couple of times before – in September of 2007, May of 2007, and May of 2006, and it’s always fun.
Today’s C-Ville Weekly
There’s a story in there where I have a couple of quotes. As I’m out of town and their Abode section isn’t online yet, is it any good?