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Talking about the Charlottesville Real Estate Market – WNRN Radio 9 January 2011

If you are interested in – whether from a buyer, seller, voyeur, moving to Charlottesville perspective, I highly encourage you to listen to this hour of radio Matt Hodges and me as we discuss the Charlottesville real estate market, national trends affecting all of us, and what the conversation may mean to you, the real estate consumer. … Some of the stories to come: One of the best parts of doing radio shows is that I always generate new ideas to write about. – Top 10 most popular neighborhoods in the area; I’m finalizing the methodology for how this will be determined, so I won’t promise the publication date. – An expansion on the nomadic class. – The internet’s/telecommuting’s impact on attracting people to the Charlottesville area. … Title issues, conveyance of title, property ownership – I think this is going to be a huge story in 2011. – Mobility – many of today’s potential homeowners are choosing to not buy because they want to have options. – QE2 – DIA and NGIC – their impact on the Charlottesville real estate market; in short, they they provided a stabilizing force. – Loan Level Pricing Adjustments – what does this mean to homebuyers?

Charlottesville Foreclosure Rate and Foreclosure Activity Information | thanks to RealtyTrac – Foreclosure rate for the Charlottesville MSA – Majority of Virginians oppose gas-tax increase – Town hall to discuss Hollymead development area expansion – Realtors’ response to Mortgage Interest Deduction – Commentary: Mortgage Interest and Real Estate Tax Deduction Facts – Facing Scrutiny, Banks Slow Pace of Foreclosures – Homeownership is not a must .

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Talking About the Charlottesville Real Estate Market – WNRN 9 January

This Sunday – An hour of talking about the local real estate market with host Rick Moore and Matt Hodges of Presidential Mortgage. I used to be overwhelmed at the prospect of talking on live radio for an hour; now it almost feels like it’s three hours too short. … Tune into WNRN radio at 11 am EST this Sunday. … A brief outline of what we may talk about: – Where we are – Where we may be going – Trends in the Charlottesville real estate market – Realtor production/competence – Legislation that may be affecting the real estate market – Foreclosures and short sales – Title insurance issues – Interest rates’ impact on the Central Virginia real estate market One of the most daunting parts of an hour of radio is the required prep work that must be done; it’s also one of the most exciting and rewarding part – prepping for at least three-four hours will absolutely, positively ensure that I know more about the local market and will be better able to represent and inform my clients.

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Charlottesville Sellers and Homeowners – Take Pictures of Your House NOW!

This is why: Grayrock Neighborhood in Crozet in the Fall Even if you’re not planning to sell your house in Charlottesville or Crozet in the Spring, you might in two years … and the colors this year are really quite wonderful. … If you are thinking about putting your house on the market in the spring, now is the time to start prepping . … And I just happen to have a lovely house on the market there as well . /shamelessplugformyclients Here’s another thought: If you do think that you might be looking for a Realtor in the spring, start now. … We work with quite a few and I would be happy to recommend some for you.

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Testimonial from an International Buyer Client

I don’t often post notes from my clients, but this one is an exception: 1 – It’s a great note.

…We would like to take the time to express our gratitude for your outstanding service in the purchase of our home at [redacted]. In our estimatino, you went above and beyond to assist us with the initiation, execution and completion of the transaction. … In our estimation you have set the bar very high for future real estate transactions with other agents. it was one of the smoothest transactions we have ever experienced.

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Show Notes from Sunday’s Radio Show Discussing Charlottesville’s Real Estate Market

Assessments are a starting point when looking at market value. – Pricing a home to sell in Charlottesville – price it right from Day One, regardless of what you need or want to make. – What are some of the steps to take in preparation/anticipation of selling a home? … Less about staging and de-cluttering and more about the psychological steps taken to prepare for selling. – Selling vacant homes in Charlottesville – – This is the story about vacant homes and homeowner’s insurance – Getting rid of the house. – ” Accidental landlords ” – Accidental Landlords and the Shadow Inventory – What if – you can’t sell your home for more than you paid for it? … Businesses are held to different standards than homeowners – right, wrong ? – Fannie Mae Cracking Down on Walkaways – Fannie Mae’s Announcement – “Fannie Mae will also take legal action to recoup the outstanding mortgage debt from borrowers who strategically default on their loans in jurisdictions that allow for deficiency judgments” – Lenders Chase Borrowers for Money Lost in Foreclosures – “In many states — such as Florida, Illinois, New York, Texas, and Virginia, to name a few — lenders have the legal right, known as a deficiency judgment , to go after borrowers who owe money on their foreclosed home. … Is the Charlottesville area housing market accessible to to seniors? – What is the Charlottesville real estate market doing right now ? – — Ignore the national real estate data — Charlottesville and Albemarle foreclosures are increasing — Detroit’s bulldozing homes ; Charlottesville’s not that bad. — One of the reasons that the Culpeper market has been hurt so badly – It’s the exurbs .

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Discussing the Charlottesville Real Estate Market on WNRN – 27 June 2010

I’ll be discussing the state of the Charlottesville real estate market this weekend on WNRN . The following are some of the stories I was (re)reading earlier this week to prep for the show.

… Vacant Homes for Sale in Charlottesville and Albemarle – June 2010

… http://www.housingwatch.com/2010/06/18/lenders-chase-borrowers-for-money-lost-in-foreclosures/

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Foreclosures in Charlottesville Increasing – As Expected

Following up on the Charlottesville Bubble Blog’s noting that foreclosures in the Charlottesville MSA are up: As expected (I noted in 2009 that foreclosures in Charlottesville would likely increase ): What does this all mean from a market standpoint? Foreclosure activity is likely to increase, but we are nowhere near the foreclosure rates and percentages of the major foreclosure hotspots -parts of Florida, Phoenix, California – which account for a majority of national foreclosures. Foreclosure Data for Virginia (PDF) Look at mortgage conditions in Charlottesville at the New York Fed’s map . We’ll get through this.

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