Appraisers play an important role in the real estate industry. Once a contract is in place on a home, an appraiser — usually sent by the lender due to loan requirements — goes to the home, walks through and around it, and makes notes on the property to determine the home’s value. Appraisers also pull [...]
Entries from September 2009
What Appraisers Look For in Determining Home Values
September 30th, 2009 by Lisa Oates · No Comments
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The Difference Between a Foreclosure and a Short Sale
September 28th, 2009 by Lisa Oates · 3 Comments
Lets face it, the economy is cold, bad, not fun right now. When the economy goes sour, so does the financial welfare of most of us. For the housing market, this means that many folks need to sell their homes, foreclose, or do a short sale. What is the difference between a foreclosure and a [...]
Tags: Buyers · Issues · Sellers
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Can You Really Buy a House in Good Condition for $150,000?
September 25th, 2009 by Lisa Oates · No Comments
The Harrisonburg area has relatively good home prices. In fact the average price of a home in our area is around $250,000. Add that to a great location with lots of amenities and conveniences, wonderful community, and low cost of living, and you’ve got yourself a deal!
Some folks, though, simply can’t afford a home for [...]
Tags: Market Trends
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Your Town’s Real Estate Market: Harrisonburg and Rockingham County
September 24th, 2009 by Lisa Oates · No Comments
Most homeowners like to know the value of their home, or at least know how their neighborhood is doing. We can, and often do, develop home value reports for individuals seeking that information, but here I decided to put together some information regarding the local real estate market by town in Harrisonburg and Rockingham County. [...]
Tags: Market Trends
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Harrisonburg Neighborhood Tour: Belmont Estates
September 22nd, 2009 by Lisa Oates · 10 Comments
Belmont is the largest neighborhood on the west side of the city, with homes from the 1960s up to the present day. It is known for wide streets, friendly neighbors, and stunning western views. There’s also a small community-maintained park in the center of Belmont with tennis courts. Many homes — especially those on the [...]
Tags: Places
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The $8,000 First Time Home Buyer Tax Credit Expires in 2 Months!
September 21st, 2009 by Lisa Oates · No Comments
We’ve been keeping you up to date on the $8,000 first time home buyer tax credit, and wanted to remind you that this credit expires on November 30th — that is just over 2 months away! To clarify, what we mean by “expires” is that first time home buyers — those that have not owned [...]
Tags: Buyers
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Fall Gardening Guide: What You Should Be Doing Now
September 18th, 2009 by Lisa Oates · No Comments
Fall gardening is often overlooked, but it is essential to get in the dirt now in order to have a spectacular spring and summer garden. Here are a few things you can do this fall to get great color (and great lawns!) after winter subsides.
Water. If we don’t get much rain, it is important to [...]
Tags: Issues
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The Multi-Family Home Market in Harrisonburg and Rockingham County
September 16th, 2009 by Lisa Oates · 1 Comment
Our real estate team occasionally lists multi-family properties, like duplex buildings, apartment complexes, etc. We actually listed a side-by-side duplex building on West Grace Street this week — but that is a side note. Harrisonburg and Rockingham County house a number of colleges and universities, which is great for investors who are looking to purchase [...]
Tags: Market Trends
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Harrisonburg Neighborhood Tour: Stone Spring
September 16th, 2009 by Lisa Oates · No Comments
Stone Spring is a small community located on the southeast side of Harrisonburg across from Stone Spring Elementary School. This neighborhood is in close proximity to city conveniences, and has easy access to all parts of Harrisonburg via Port Republic Road, Stone Spring Road, and Neff Avenue.
Homes in this neighborhood were built in the late [...]
Tags: Places
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Price Reduction Statistics in Harrisonburg and Rockingham County
September 11th, 2009 by Lisa Oates · No Comments
When selling your home in this real estate market (actually, in any real estate market!), it is important to price it correctly from the beginning to avoid frustration and a high number of days on market. The longer your house sits on the market, the more difficult it will be to sell it. Many buyers [...]
Tags: Market Trends · Sellers
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