This is the third of a short series of posts about the transfer of property — the first was about title insurance, and the second was about tax aspects. The fourth (and final) post will be about deeds.
After a contract is signed — or ratified — by both parties (seller and buyer), [...]
Understanding the Transfer of Property: Closing
March 24th, 2011 by Lisa Oates · No Comments
Tags: Buyers · Issues · Sellers
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Tax Exemption for Solar Energy in the City of Harrisonburg
March 11th, 2011 by Lisa Oates · No Comments
A while ago we posted about using solar energy to power your home, and how EMU has been making Virginia history by installing the Commonwealth’s largest solar panel array. Solar energy is a very economical use of resources, and is becoming more and more popular. There have been tax credits available for those going after [...]
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Understanding the Transfer of Property: Tax Aspects
February 28th, 2011 by Lisa Oates · 1 Comment
This is the second of a short series of posts about the transfer of property — the first was about title insurance. Other things we’ll look at in this series: deeds, and escrow or closing.
Purchasing a property can be confusing because of all the ins and outs of the process — [...]
Tags: Buyers · Issues · Sellers
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Understanding the Transfer of Property: Title Insurance
February 15th, 2011 by Lisa Oates · 1 Comment
This is the first of a short series of posts about the transfer of property. Other things we’ll look at in this series: deeds, escrow or closing, and tax aspects.
We all pretty much understand insurance, right? There is a risk somewhere in your life (i.e. your car, your house, your life), so you [...]
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Mortgage Interest Deduction: Summary and Current Issues
February 14th, 2011 by Lisa Oates · 1 Comment
You may have heard by now that the Mortgage Interest Deduction (aka “The MID”) is going through the wringer. Some changes to this tax deduction have been proposed by the Obama Administration, and it could effect many homeowners across the country. We’d like to describe what this deduction is and how it works, and the [...]
Tags: Issues
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Housing Affordability in the City of Harrisonburg
November 17th, 2010 by Lisa Oates · 3 Comments
How affordable is housing in our area? This is Part One of a two-part blog post, which will take a closer look at housing affordability in Harrisonburg (Part One) and Rockingham County (Part Two). Housing Virginia — along with the Virginia Association of Realtors®, Virginia Tech, and the Virginia Housing Development Authority — has created [...]
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What Does The Future of Real Estate in Virginia Look Like?
November 11th, 2010 by Lisa Oates · 1 Comment
Last month there was a convention for the Virginia Association of Realtors®. They discussed a wide variety of topics, but one that we think is most important to inform you of is the future of our real estate market. Here are some key notes about the economic forecast and real estate trends, both in the [...]
Tags: Issues · Market Trends
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Using Solar Energy To Power Your Home
November 2nd, 2010 by Lisa Oates · 5 Comments
It seems like everywhere I go recently, I hear about solar energy. Installing solar panels to conserve energy is becoming more and more popular, especially since there are tax credits available, and the fact that they pay for themselves within about 15 years. If you are living in your home for the long-term, consider installing [...]
Tags: Issues
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The Scoop on Two Proposed Constitutional Amendments Regarding Property Taxes
October 24th, 2010 by Lisa Oates · 1 Comment
There are two proposed amendments to the Constitution that would affect property taxes for some of you. Both of these proposed amendments will be on the ballots a couple weeks from now, so read on to make sure you understand the issue.
The first amendment proposes giving localities the ability to reduce the property tax burden [...]
Tags: Issues
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Planned Expansion and Beautification in Harrisonburg
October 13th, 2010 by Lisa Oates · No Comments
Harrisonburg has been undergoing a lot of construction lately — downtown beautification, and road construction around the new hospital and the bypass from Route 42 to Port Republic Road — and more is planned.
1. NORTH VALLEY PIKE. The North Valley Pike Project is in the works. According to their website, a public hearing was held [...]
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