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Home Buying in Blacksburg : Real Estate Advice

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  • Local Info2
  • Home Buying6
  • Home Selling1
  • Market Conditions2

Activity 16
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.
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Fri Nov 27, 2015
Scott Godzyk answered:
Basicaly the listing agent represents the seller. You can purchase without having your iwn agent through the listing agent, but no one is then liiking out for you. Whether you have an agent or not, the listing agents still does not have to tell you their are offers if the seller driected them not to. In most cases a seller should disclose other offer to bring the sale price up. ... more
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Wed Nov 25, 2015
Dan Tabit answered:
JBeamer,
I"m not sure I follow your question, but if I represent a seller, until the contract is closed and recorded for public record, I'm not allowed to disclose details of the transaction, including who the buyer is.
Using the listing agent, is rarely a good idea. They have a preexisting contractual relationship with the seller. Dual Agency, while legal in many states means the agent has to step out of their previous relationship and walk a fine line, hoping not to reveal anything they shouldn't to the other party.
I won't attempt to practice dual agency, but I do assist buyers with my listings. They are informed how agency works, sign off multiple times that I represent the Seller and I'm obligated to disclose anything the buyer tells me, that the seller would benefit from knowing. I owe the buyer NO confidentiality. I owe the seller my FULL confidentiality.
I don't know if this answers your question or not. If you'd like to explain further we can try.
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Wed Aug 28, 2013
Ashley Thomas answered:
No. She gave me the run around, then I found out they don't manage that property. I also tried Town-side properties. They told me to try Woodard West.
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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
Tue Nov 27, 2012
Anne-Collins Albimino answered:
I agree that you would have more choices in this price range in Christiansburg and condos are, indeed, difficult to get long-term financing for (although some local banks are offering more attractive ARM's now). However, if you're concerned about resale over the next few years, you might consider townhouse options in Blacksburg. Depending on their location and condition, townhouses tend to sell and rent very well here. There are many graduate students at VT and VCOM students here who prefer townhouse living to noisier apartment or condo living. ... more
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Mon Jul 16, 2012
Jeremy Hart answered:
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.

Let me know if I can be of assistance.

- Jeremy
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Tue May 29, 2012
Doug Veit answered:
No. That should be described as $1200 / year or $100 / month.

Thanks,

Doug Veit - Coldwell Banker, Townside
0 votes 2 answers Share Flag
Tue Dec 13, 2011
Susanna Lilly answered:
There are wonderful choices of townhomes & condos close to Virginia Tech at different price points & sizes. Please contact me if you desire more information or a tour.

Susanna Lilly, REALTOR
Coldwell Banker Townside, Realtors
540.320.9444
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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
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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!
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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
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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
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