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24060 : Real Estate Advice

  • All17
  • Local Info0
  • Home Buying10
  • Home Selling2
  • Market Conditions0

Activity 13
Thu Apr 27, 2017
Heatherbrowning90 asked:
Zillow. 301 N. Knollwood Drive, #7202 Blacksburg VA 24060
The only thing there is an old posting from before I bought the property.
0 votes 0 Answers Share Flag
Thu Jun 30, 2016
Sutherec answered:
No. The inspector points out every inperfection. Just ask them to fix the major ones that you can't fix yourself or that cause a real concern.
0 votes 1 answer Share Flag
Fri Jan 22, 2016
Amelia Robinette answered:
get an attorney - there are only two ways to get back escrow in VA. by mutual agreement or by court order.

often when a seller gets a letter from an attorney, they move toward 'mutual agreement'.

your agent should be able to guide you through this, if not, then contact whoever is holding the escrow and have them walk you through your options.
... more
0 votes 1 answer Share Flag
Sun Apr 14, 2013
Exitbburgandvt answered:
Been there, done that: bad idea! 1-Get your PhD at a better school. 2-Don't put down roots in Blacksburg. Good luck.
1 vote 3 answers Share Flag
Sat Jun 5, 2010
Jeremy Hart answered:
Chrisa, did you find the answers to your question? I spoke with a local property manager yesterday, who confirmed that the numbers both Laura and I provided were probably well within reason. Just wanted to check in and see if there was anything else you needed that might help with your question.

All the best,

Jeremy
... more
0 votes 4 answers Share Flag
Sat Mar 20, 2010
Jeremy Hart answered:
Curious -

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.

Hope this helps solves your curiosity!
... more
1 vote 1 answer Share Flag
Tue Jul 28, 2009
Flo Cannon answered:
Hi,

Janet gave you good sound advice. Everthing needs to be spelled out in writing including all of the "what ifs.
Normally, in this situation you would be paying higher than the goiing rate for the rental with the excess credited back to you at settlement. What happens to this money if you are unable to settle? Very important to address this and all other what ifs in the contract. You need a very experienced realtor and possibly a real estate attorney. ... more
0 votes 2 answers Share Flag
Wed Jul 1, 2009
Jeremy Hart answered:
Hi Michael, thanks for the question. Looks like Laura beat me to it, I was busy with something else this morning, but she's right - list to sale in Blacksburg has hovered around 4% as a whole. If you dig into the numbers a bit more, you'll find slight differences here and there, but for the most part that's a good rule of thumb.

I went back a year and found out a little more. Among all *residential* properties sold in Blacksburg in the last year, this is how it broke down:

* average list price, $259056 / average sale price, $251437
* median list price, $229000 / median sale price, $225000

Average list to sale percentage was 97%, while the median (I think the median is a better barometer since it gives the mid-point of sales) was 98.2%

Hope that helps, thanks for using Trulia and let us know if there's something else!
... more
0 votes 3 answers Share Flag
Wed Feb 11, 2009
Dominique Ressurreicao answered:
There is a new Fannie Mae program you may be interested in. On certain homes investors can buy with only 10% down, no PMI and no appraisal is required. I would love to talk with you more.

Thank You,

Dominique Ressurreicao
Co-Branch Manager
American Pacific Mortgage
559-892-6812
... more
0 votes 4 answers Share Flag
Thu Nov 13, 2008
Jeremy Hart answered:
Hi Mary - I came back to my Trulia account yesterday after admittedly not doing anything with it for quite some time, and saw your question last night. If you haven't received the answers you need yet, I'd be glad to talk with you a bit more. Our team has sold a few homes over on Watson this year, given the varying sizes of homes I'm fairly certain I know the block she's on.

There has been relative stability in the Blacksburg market this year, although Trulia is showing some very outdated statistics. We've seen a spike in the number of homes on the market as we've headed into the last part of the year, but truthfully we see that every year. I've posted a Web reference below for you, it'll take you to a portion of my blog that talks about home values throughout the area.

Without more information on the house I couldn't tell you with much validity the value of her home, but I can tell you that values in Blacksburg were up 5% earlier in the year over the year prior, and currently sits at 4% over last year at this time. I'd be glad to help you dig into the numbers a bit more if you haven't been able to get the answers you needed, and if you have - I hope they were helpful!
... more
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