Posts tagged 22903

Mill Creek Embezzler?

in General Real Estate on

As I tell my clients – if a buyer gets the packet four days prior to closing, sneezes three times and deems that to be a bad omen, she can cancel the contract, ostensibly based on the homeowner’s packet.

…If the PROPERTY is within such a development and PURCHASER is buying the PROPERTY for own residence, the Act requires SELLER to obtain from the Property Owners’ Association an association disclosure packet and provide it to the PURCHASER. … PURCHASER may cancel this Contract (i) within three (3) days after the date of the Contract: (ii) three days after receiving the association disclosure packet or being notified that the association disclosure packet will not be available, if the packet or such notice is hand delivered or delivered with the consent of the PURCHASER by electronic means and a receipt obtained; or (iii) within six (6) days after postmark date if the packet or notice that the packet will not be available is sent to PURCHASER by United State mail. PURCHASER may cancel this Contract at any time prior to settlement if PURCHASER has not received the association disclosure packet or notice that the packet will not be available.

Read More

Charlottesville Area Association of Realtors’ 1st Quarter Market Report

in Market statistics on

A balanced market should have a DOM of approximately 90, but we have not been in that range since 2006. 1st Quarter Average Days on Market County 2005 2006 2007 2008 2009 Albemarle 64 70 116 135 113 Charlottesville 72 62 75 141 167 Fluvanna 70 79 108 135 127 Greene 67 76 99 90 92 Louisa 114 119 158 110 70 Nelson 73 83 118 152 164 Orange 89 83 95 125 163 Area Average 75 80 107 132 134 Central Valley 126 143 144 *includes sales outside the counties listed **numbers courtesy of the Greater Augusta MLS New Construction Still Slow It is important to note that many “new” homes are not included in CAAR MLS statistics. … As expected, the average costs per square foot have decreased in every area covered in this report. 2005 2006 2007 2008 2009 1st Quarter Price Per Square Foot County 2005 2006 2007 2008 2009 Albemarle 155 173 174 176 155 Charlottesville 172 186 186 193 159 Fluvanna 121 141 135 137 122 Greene 133 148 157 147 134 Louisa 122 146 142 153 114 Nelson 193 232 206 197 176 Orange 133 175 195 129 110 Area Average 150 169 166 163 140 Central Valley 131 121 117 *includes sales outside the counties listed **based on CAAR MLS data Condos and Townhomes The sale of attached homes is only reported in Charlottesville and Albemarle because very few properties in this category are located in other counties, except Nelson.

Read More