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Market Conditions in Fredericksburg : Real Estate Advice

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  • Local Info16
  • Home Buying30
  • Home Selling8
  • Market Conditions14

Activity 14
Fri Sep 26, 2014
Elizabeth Gordon asked:
This question was asked from http://www.trulia.com/rental-community/9000005404/Residences-at-Belmont-2520-Belmont-Ter-Fredericksburg-VA-22401/
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Mon Jun 2, 2014
Annette Lawrence answered:
There are MANY MANY reasons. That why attorney's became a part of the evolution process. (second from left, until I need one then the one on the far right.)

The most likely to apply in the situation you describe is touched on by Philip Senkus. How long this can go on depends on if VA is a recourse state.

To a lesser degree, much less, the 'kindness of the bank' come into play. Vacant homes don't age well.

The only important question to address is, "Do you have interest in purchasing this house?"
If you do pick up the phone and call the Frederrickburg REALTORS who have responded.
This is your time to take action.......if you are serious.

Best of success to you.
... more
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Thu May 8, 2014
chevonblake34 asked:
This question was asked from http://www.trulia.com/rental/3086350848-5906-S-Cedar-Ridge-Ln-Fredericksburg-VA-22407
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Wed Jan 29, 2014
Elaine Arnold Andy Alford answered:
There are 5 High Schools in the Fairfax Area. Three out of the 5 are rated in the top line up for High Schools, they are getting a 5 rating out of 5. These are George Mason High School, Fairfax High School, and Marshall High. The other 2 schools have a rating of 4 stars out of 5. Great schools in USA. ... more
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Mon Dec 2, 2013
Patti Murphy answered:
Below are the two links for Spotyslvania Schools. The first one is the attendance zoning map and the second is the school bus stop link which is easier to use than the zoning map. As the previous agent stated, the property is Wilderness Elementary even though it really doesn't make sense. Best of luck to you in your search and if I can be of any assistance, please don't hesitate to contact me.

http://www.spotsylvania.k12.va.us/Schools/AttendanceZones/tabid/4419/Default.aspx

http://205.174.118.122/mwpublic/default.aspx?load=addressInput

Patti Murphy
Long & Foster REALTOR
540-220-1607
1910 William St
Fredericksburg VA 22401
Licensed in Virginia
... more
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Fri Mar 29, 2013
Kelly Gronau Dodson answered:
Summerlake is an Active Adult Community for ages 55+. The HOA fees cover your lawn and landscaping, maintenance, snow removal, trash pick-up and gated secutiy. Not to mention, all of the amenities that a community like this has to offer, outdoor pool, clubhouse etc. If you would like more information, I would be glad to assist.
Kelly Gronau Dodson
Coldwell Banker Elite
540-287-6807
Licensed in Virginia
... more
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Fri Mar 29, 2013
Sha Hinnant answered:
It's BACK!!! House prices increased another 7% in the past month. The Fredericksburg area and north are seeing these increases. Other areas to the south and west of us are more stable. ... more
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Sun Sep 16, 2012
Ginny Vickers answered:
Buying at this time does have it's advantages....#1 being the lowest interest rates in many years. If you are thinking of renovating at the same time purchasing, there is the 203K Renovation Loan available to be able to do both now. Contact me for more information. I'd be happy to help. ... more
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Sun Jul 22, 2012
Gtm7of9%40yahoo.com asked:
This question was asked from http://www.trulia.com/property/1086968028-Build-on-Your-Lot-Washington-DC-621-Warrenton-Rd-Fredericksburg-VA-22406
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Fri Apr 15, 2011
Ted Davis answered:
Hi Rodney,
As I live in the area I can tell you there are alot of foreclosures and and short sales in the area which have driven down prices in the area. I still think there is alot of value in the homes that are for sale now around here. Just to keep in mind that in this area the BRAC realignment hasn't happened yet so this area is going to heat up in the next year or so. There is alot of good buys out there, it just depends what your looking for. Let me know if I can help in any way. Hope this was helpful. ... more
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Mon Apr 11, 2011
... answered:
I agree - just look at other areas where similar developments have been constructed and you'll see that there has been a positive impact.

Please let me know if i can be of help with financing or any mortgage questions.

Tom
... more
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Thu Oct 28, 2010
Trina Korsgard answered:
Nice idea! But having a rental in your house may violate your Home Owners Association and local zoning !
Do your homework !
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Sat Aug 2, 2008
Vicky Chrisner answered:
In Fredericksburg/Stafford, homes prices are down about 14% compared to last year (this is as of the June 30 reports - July's aren't out yet). The number of home sales is down 18%. This suggests there is still more market price decline expected. The inventory as reported by MRIS is just under 7 months supply. (again, for the region) You can pull lots of fun reports from mris.com; however, understanding the information and interpretting it requires skill and experience. If you are looking for an agent with the experience and skill to help you analyze the data and strategize, I can't help you... (lol)

I don't work in that area - however, I do know 2 great agents there, and I'd love to refer you. If you'd like the referral, contact me directly at vchrisner@kw.com
... more
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Tue May 20, 2008
Eunice Waller answered:
Hi Candace,
Pricing is extremely important in today's market. However be sure that you feel comfortable with the Realtor you select and the marketing plan that your Realtor prepares for your home. It should include maximum exposure to potential purchasers and area Realtors as well as keeping you informed every step of the way. So to answer your question... The average time on the market will depend upon several things like: condition of the property, location, pricing, market conditions, and marketing. When you are ready, your realtor will discuss each of these items with you. As a full time local Realtor I would be honored for the opportunity to help you. ... more
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Market Conditions in Fredericksburg Zip Codes

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