Posts tagged 22901

Charlottesville Short Sales and Buyer Agents’ Responsibilities – Part 2

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Fourth – Prepare our buyer clients for what they may run into. (more to come on this) What’s a Charlottesville buyer to do in this market with more and more short sales? – Be patient. – Be aware that there are some things that neither you nor your agent can control . – Be informed . – Be qualified.

…Maintain confidentiality of all personal and financial information received from the client during the brokerage relationship and any other information that the client requests during the brokerage relationship be maintained confidential, unless otherwise provided by law or the seller consents in writing to the release of such information;

…The second section is a protection for the Buyer, should the Seller find out in the course of the transaction that they cannot pay off all indebtedness and need to revert to a Short Sale transaction. Much like how good Charlottesville Buyers’ Agents should be researching a property’s true continuous days on market (quote from a client regarding Days on Market, “The MLS lies” 🙂 ) [ Realtors gaming the MLS ] – Buyers’ Agents should be doing extreme due diligence.

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Albemarle County Wants Google’s Fiber!

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Albemarle County, Charlottesville and the University of Virginia are putting in a joint application to bring Google Fiber for Communities to central Virginia, and we are looking for help from the community. … According to Google, “ In the same way that the transition from dial-up to broadband made possible the emergence of online video and countless other applications, ultra high-speed bandwidth will drive more innovation – in high-definition video, remote data storage, real-time multimedia collaboration, and others that we cannot yet imagine. … There are two ways to get involved:   First, Albemarle County, Charlottesville and the University of Virginia are jointly submitting a request to Google to be considered for this trial – you can help by filling in this brief survey to provide info that will be helpful in our submittal. http://spreadsheets.google.com/viewform? formkey=dHdMd2hVVUwtbTQyNFVyYTFQaFFTcVE6MA Second, Google is accepting nominations from residents and community groups saying why Google Fiber should come to their area – visit the following link and make your best case for why we should be the selected region, Google has said that community support will be important in making their choice. http://www.google.com/appserve/fiberrfi/public/options Links to both of these items are posted on the county and city websites, http://www.albemarle.org/googlefiber and www.charlottesville.org We need to submit our request by March 26, so we need survey responses and community nominations to be submitted by March 22.

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Charlottesville Real Estate Data Nuggets

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Looking at the weekly real estate data reports for Charlottesville and Albemarle, two points jump out: – Percent of Properties with Price Decrease 26 % – Percent Relisted (reset DOM) 9 % I’m not 100% confident with 26% having price decreases, but it feels about right. The relisted number feels right too – this is the percent of homes that have come on the market for a second or third time … … Download them all for yourself below or sign up to receive weekly automatic (spam-free) delivery . Charlottesville Single-Family Homes Charlottesville Attached Homes and Condos Charlottesville and Albemarle Single Family Market Update Charlottesville and Albemarle Attached Homes and Condos – real estate market update

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Friday Chart – Charlottesville & Albemarle – February Homes Under Contract

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We’ve been talking recently about what the effects the various snowpocalypses have had on the Charlottesville real estate market; people were snowed in, buyers couldn’t get out to see houses (yet another argument for high-quality photos and videos in the Charlottesville MLS), sellers couldn’t get their houses ready or activated on the market … the consensus has been that February 2010 was going to be a pretty sorry month for home sales. … This clearly does not account for canceled contracts, contracts that fall apart due to home inspections, financing or appraisal issues …

Homes – single family, attached and condos – that went under Contract in February in the Charlottesville MSA* Homes – single family, attached and condos – that went under Contract in February in Charlottesville and Albemarle – 12 condos went under contract in February. 8 were foreclosures or short sales. … For Charlottesville and Albemarle in February 2010 for far: – 2 were new construction attached – 31 were resale attached – 0 were new construction single family detached – 64 were resale single family detached – 12 were condos – 0 were new construction condos (and yes, I added the above manually and they match the spreadsheet. 🙂 ) Charlottesville MSA for these purposes includes Charlottesville, Albemarle, Fluvanna, Greene and Nelson

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Check Out Crime in Charlottesville

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Is one of the most important questions my buyer clients ask. … This is the perfect opportunity for the County of Albemarle and City of Charlottesville to cooperate, share, partner, whatever. … For buyers looking in the City of Charlottesville – search for crime by neighborhood, address, intersection, bus stop, Charlottesville City parks … at Charlottesville Crime View . Thanks to WCAV for the report .

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School Values and Housing Prices – Specifically in Albemarle County

in Charlottesville Education General Real Estate Politics on

In an effort to get my head around the numbers, I have prepared the attached spreadsheet which evaluates (to the best of my ability with the data available) , the impact of the different budget scenarios and what different property tax rate increases necessary to close the funding gap.

…At this point in the process, I don’t like trying to address a budget challenge by manipulating the tax rate, but I think the public deserves some factual information about the different scenarios and how that might impact their personal pocketbooks.

…• In the best case state funding scenario , a property tax rate of 81.9 cents would balance the budget and increase ANNUAL tax payments by $146.19 for the median priced home when compared to 2009.

…1 However, the strength of the consensus is puzzling, given the formidable empirical challenges facing any homeowner or empirical researcher seeking to answer the question carefully.2 First, good schools usually come bundled with other neighborhood qualities– such as proximity to employment, shopping and recreational conveniences and neighborhood peers.

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Please Google, Bring Fiber to Charlottesville

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From now until March 26th, we’re asking interested municipalities to provide us with information about their communities through a Request for information (RFI), which we’ll use to determine where to build our network. More at the Wall Street Journal From TechCrunch : Google owns its own vast network of dark fiber around the globe to connect its data centers, speed up search, and lower its cost of streaming billions of videos a month on YouTube. … It is not clear what Google services will come with a broadband subscription, but it is a safe bet that Google will be the default search and Gmail will be the default email. … Charlottesville has been consistently rated as a top “Digital City” and while I think it’s a bit of a silly designation, why don’t we capitalize and leverage this?

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