George Cumming

"THE CUMMING HOME TEAM"
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  • RE/MAX Commonwealth
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  • (804) 612-2706
George Cumming,  in Richmond, VA
  • 11 Answers
  • 1 Useful Answer
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About Me
George Cumming currently resides with his wife and three children in Richmond’s historic Fan District. He joined Re/Max Commonwealth in 2002 after spending a decade in specialty acquisitions. He has renovated numerous properties in and around The Fan. He is known for his breadth of knowledge and negotiation skills.He is President of the Cumming Home Team and in 2007 moved his office to the Fan at 511 N. Meadow.
His small team handles about eighteen million a year in real estate transactions. He specializes in Richmond's beautiful old and historic neighborhoods. Through his extensive market knowledge, he enables his clients to find the perfect home to purchase. With his experience in negotiating, he enable his clients to get their home at the best possible value.

Richmond is wonderful place to live, and each of his agents calls the City home. He would like to work with you and look forward to hearing from as soon as possible.

The Cumming Home Team RE/MAX Commonwealth

George Cumming Betsy Winston Edward Hettric

(804)612-2706

We do work with the major relocation firms and we would be happy to speak with your HR office.
My Q&A View all >>
George Cummi…'s Questions (0)
George Cummi…'s Answers (11)
George Cumming answered:
Using the boundaries of the Fan (Grace, Boulevard, Floyd stretched east to Shockoe Slip (With 95 being the Eastern edge) the average single family home price for the last five years was $524,000 at the average price per sq.ft of $193.22. - Sun May 25 2008, 21:19
George Cumming answered:
Richmond's water front has just come alive and thanks to a huge inventory of condos and rowhouse there are great bargains to be had. These projects are represented by numerous developers and their agents, but be sure to use a buyers agent to incorporate the re-sales in your search and to able to negotiate the best price for your purchase - Sun May 25 2008, 21:00
George Cumming answered:
The good news is that you can find this environment in most of the city's historic neighborhood as well as some of the communities in the county. Get out of the car and walk these neighborhoods - Museum District, Church Hill, Belview, Ginter Park, Woodland Heights, Forrest Hill - just to name a few. Each of the city's neighborhoods has it own flavor and I am sure you will find a place that will meet your needs.
George Cumming
RE/MAX Commonwealth - Sun May 25 2008, 20:54
George Cumming answered:
Richmond Fan District has a great combination of urban living, outstanding children's park and an excellent elementary school (William Fox). While no neighborhood offers total safety, we have raised our kids (8,7 and 4) in the Fan. When you are in Richmond, stop by the Children's park at the intersections Lombardy, Hanover and Park and talk to the parents who live in both in the neighborhood and in some of the other great neighborhoods surrounding downtown.
George Cumming
RE/MAX Commonwealth - Sun May 25 2008, 20:46
George Cumming answered:
You need to work out a short sal between the Purchaser and the Lender. In the case of a short sale, the offer is not high enough to pay off the mortgage(s) on the property. Logically the lender should look seriously at these offers. Although they are taking a loss on a loan, the lender avoids the high cost of foreclosure and avoids the risk of adding another property to ever growing inventory of foreclosed homes. In practice, however, the process has proven to be very difficult. The lenders do not have the business model or the resources to adequately address these offers. Personally my team has worked on two properties of behalf of sellers. In one case, the lender (1st mortgage) is trying to work with the offer as well as offer compensation to the equity line lender. In the other, we could not persuade the lender from stopping the foreclose and the lender bought it back at auction for $5,000 below our offer. Let you agent lnow what your needs are. There may be an investor waiting for your property.
Best of Luck,
George Cumming
RE/MAX Commonwealth http://www.homesinrichmond.info - Sun May 25 2008, 20:39
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