I'm happy to look into that for you Marge. I am familiar with the neighborhood and live in an HOA a few miles where we do not allow commercial vehicles to be parked in the driveway overnight. If the truck does not have signage or ladder racks on to you might be OK. You might also consider some of the other nice neighborhoods we have without HOA's. If I can help you can contact me through my website below and look for more listing options.... more
But, buyers should go through a house they've seen online and be "surprised" by the interior condition. We had this situation with my buyers looking at a waterfront home in Mattaponi. The house looked awesome online, but was very disappointing in person.... more
Hi Lydia It is a common concern and question. It all depends on the specifics of the Location, Price & condition. Different neighborhoods sell at different rates because of Pricing, location & # of Listings in that range. For Example, when there are 100 homes, and three buyers, things don't seem to move fast. But if there were 6 homes and three buyers... Inventory effects perception on both sides. If a buyer see's 100 homes, and they are all similar, prices start to go down to attract a buyer percieving a "bargain". If a seller see's several homes priced under his/her asking price, and they Need to Move, they will lower their price to attract that buyer over the other homes. Right now in our area, in some neighborhoods we have a 12 month supply of homes. A 6 month supply of homes is a good selling market. So, for now my advise would be to contact your Local Realtor and get your specific area questions answered with the stats. that are in your neighborhood. laura Chapman, Realtor William E Wood Licensed in Virginia... more
In the last month or so we've had multiple offers on a few homes under 225K, which I haven't seen that in awhile. The $8000 down payment from the government may be helping. First time home buyers are not generally buying the 500K homes. The under 300K segment increase would make sense.
I heard today that some in Congress are trying to get the mortgage guidelines relaxed a bit. I believe the banks have the money to loan but the Fed credit requirements right now are pretty restrictive. Whether thats right or wrong I'll leave to others to decide. The housing market is the engine of the American economy and it needs to get moving again for all of our sakes.
The 'Days on Market' at 144 is of concern but from what I've seen this year alone, I would say the tightening of the mortgage guidelines has a lot to do with it. Every week we see people who are otherwise well qualified be denied at the last minute by an underwriter who has once again been given new stricter federal guidelines.
I completely agree that lending practices were far to easy before the economic problems. Overcorrection and making it very, very difficult to get a mortgage is not the answer either. Sales fall apart and sellers and buyers both are rightly unhappy about it. People can't move to the new job or they do and let the house go into foreclosure. It has a very far reaching effect on people and the economy.... more