Ikelinsky, thanks for writing in, and congrats on considering buying your first home. It's something I've been writing about recently, if you want to check it out - check out some of the recent posts at www.NRVLiving.com. Your point about resale might be the most important one ... you should be considering not only what the market is like now, but also how what you're buying might be viewed by buyers when you go to sell.
With a budget of $125000, I think you're going to have the most options in Christiansburg. I'm mobile right now, but if you want to see in real time what you're going to get for the money, www.NRVLiving.com/Search will be a good place to start. There'll still be some options in Christiansburg for under $125000, but anything under that price in Blacksburg is going to be a condo (and thus have condo fees). Additionally, the financing on the condos might still be difficult, so you would be wise to consider the single-family option.
Glad to talk with you more, if you'd like. Jeremy @ NRVLiving dot com.... more
Chen, thanks for the question. I don't happen to know the exact percentage offhand, but I know they jumped from just *under* $1600 per year, to just *over* $1750 per year. That includes a lot of maintenance and such, both outside on the grounds as well as at the buildings, but it has in fact gone up.
Given the transient nature of VT, we have been somewhat sheltered from any intense burst, but not immune. Blacksburg was delayed in feeling the slow down, but it did catch up. This past quarter has been very positive compared to the previous 3 years. Given the price point of Airport Acres, over all its in a better market price point than say 1/2 million dollar houses, meaning most real estate under $250K has been slower to move, but does move and prices have remained more constant. In my opinion there has been zero appreciation since 2007. If a seller over payed in 2006 or is trying to cover commissions or make a profit selling right now.....its probably not going to happen.... more
I hope you were able to find a rental that met the needs of your son and his friends. Rental demand in Blacksburg has increased as the student population grows. The demand for high quality rentals has also increased due to the number of professional relocating here who still have houses to sell somewhere else. I would recommend comparing the cost to rent versus the cost to buy. If you are interested in a longer-term investment, now is an excellent time to buy! And college towns have faired especially well during the economic downturn. There are a number of wonderful "opportunity properties" available sale. Please contact me if you would like additional information regarding buying versus renting.... more
We don't use the term "flat" much around here, so I'm not exactly clear on what you mean other than probably some type of condominium type, one level unit. Yes we do have those ranging from $75K up to $250K. Just depends on the size, age and proximity to down town / VT.
Chrisa, thanks for your question. Each rental is different, of course, but a general rule of thumb might be between $250-300 per bedroom. It's entirely dependent on a number of other factors though, including utilities/services included, etc. If you wanted more specific information, I'd encourage you to call Townside Property Management at 540-552-4000.
Good luck, if I can be of more help let me know.... more
Thanks for the question. I've broken it into two answers, since condos typically sell much differently than homes. In the last 12 months, detached homes have averaged 165 days on the market, and the median has been 120 days. Condos (and townhomes) have averaged 152 days on the market, and their median has been 124 days.
Thanks for the question, H8921. Yes, with an F-1 visa you can purchase a home - the qualifications are very similar to conventional lending, and can easily be done. Nearly all lenders in our area can and will work with them.
Feel free to contact me (http://card.ly/JeremyHart) if you'd like to explore it more.... more
It depends on how the agreement is written. It is entirely possible that if the agreement is written to the seller/owners advantage they could keep the moneys paid if you are unable to buy the house at the end of the specified time or if the buyer is unable to uphold his/her side of the agreement. Read everything before signing ask questions and get an experienced attorney or a Realtor with property management experience to read it with you. In these situations you need to be sure there is a " what will happen if" for everything that you agree to.
I hope this answers your question. Thanks for using Trulia.
The Asking Price is what the home was listed at the time it was put on the market. The Sellers accepted an offer that was different from the "Asking Price" which can be less or more than the Asking Price depending on the terms of the contract. Example, the Buyers wanted the Sellers to pay closing costs and pre-paid Taxes and Insurance at Closing which might have been $4,500+/-, So the offer might have been higher than the asking price to give Net Proceeds back to the Seller for the benefit of the Sller paying the $4,500 for the Buyer at Closing.... more
Hello, investment properties are not as easy to finance anymore but there are still a few programs that would not cost you so much. I would love the opportunity to get you a quote. Please call or email me.
American Pacific Mortgage
Mary - I work in No. Va, but have family in the Blacksburg area. I don't think we have any "regulars" here for that area. If someone doesn't offer up their services this evening, send me an email to firstname.lastname@example.org and I will get you the name and contact info for a couple of agents in that area in the morning.... more
Hi, Warren... here's a link that you might find useful. You can just google government foreclosures and link to different sites and see which are most useful. If you're not already, you may want to get a Realtor to help you by sending foreclosures that are listed in MLS. This will expand the number of properties for you to look at. Hope that helps... have a GREAT day! Paul... more