Charlottesville's Real Estate Blog. Buyer &/or Seller Representation, Real Estate News
It’s been a while since I’ve taken an in-depth look at Zillow; generally I tell my clients that it’s good for content but not actual good, conclusive, base-any-real-decisions-on-what-it-says.
If you’ve been using Zillow’s zestimates and trends to understand the market, not only are you finding that you were misinformed, but now you really don’t know how misinformed you were (or are).
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Who can resist listening to an hour-long conversation about the Charlottesville real estate market? (besides my wife) Once again, Matt Hodges I and will be talking with Rick Moore on Sunday’s show at 11am.
What questions do you have? What would you like for us to discuss?
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The neighborhood may not be 100% what was originally envisioned, but from my outsider’s point of view, I would argue that it is better – the neighborhood has taken ownership and initiative. … 2 – It’s in a great location; well-positioned to both Downtown Charlottesville and the 29 North (DIA/NGIC) Corridor 3 – The inventory has shifted and adjusted to the market – quite a few townhomes are selling there now. … Walking back down to the heart of the neighborhood, we ran into one of my clients who has lived in Belvedere for nearly a year and she spoke of how much she and her family love living here. … We go into the builder’s model home, talk for a while and upon coming outside, see that the cookie-and-lemonade-sellers have been joined by a girl on a stool in a tie-dye shirt strumming a guitar.
Lender asks for my recommendations for attorney/title company, appraiser, etc. (local lenders tend to have pre-existing relationships to take advantage of) I consult with my client to ensure that he approves, and proceed. … Hopes and dreams have been smashed because an incompetent, unknown lender does not have any reason to work harder, does not have any relationships to maintain, has no concerns regarding accountability.
…He calls another local lender with whom he and I both have excellent working relationships and passes the package over to the other local lender. … I’m inclined to do whatever it takes (so long as it’s moral, ethical, legal) to ensure that my clients are taken care of.
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?
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– 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 .
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.
I’ve been wondering for a long time what the new normal in the Charlottesville* real estate market is going to look like over the next few years. Today’s is a post posing a question rather…