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The Fan : Real Estate Advice

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  • Local Info1
  • Home Buying3
  • Home Selling1
  • Market Conditions2

Activity 8
Mon Jun 5, 2017
Laszlo G Vagner asked:
i cant seem to sort by lot size vs prices
0 votes 0 Answers Share Flag
Wed Sep 17, 2014
Garry Land answered:
Grayland Avenue and W. Cary Street
0 votes 2 answers Share Flag
Mon Apr 7, 2014
kelly smith answered:
Always possible.
Many options :

Apartments are great for short term leases.
Home owners who have their home for sale, and for whatever reason are having a hard time selling...may be willing to rent while keeping it on the market. (Short term).

A realtorĀ® is a great resource !

Contact me if you need further info.

Thanks
Kelly
... more
0 votes 1 answer Share Flag
Mon Nov 11, 2013
Barbara Reagan answered:
Hello, Siewim,

That is a great question and is always one that buyers ask when they are thinking of writing up an offer! Many times I will have sellers I represent tell me that they won't go below a certain price point, and then an offer comes in that is well below that price they said they won't go below - and we get it worked out! Other times, the seller holds firm to their price point! That being said, without knowing what the seller's motivation is, it will be hard to know just what their bottom line is. I usually recommend that you have your Buyers Agent run you a market analysis to see just how well the property is priced at right now, and then decide, based on the market value/condition/location and repairs what you want to offer. Depending upon the offer, it is possible to go too low and insult the seller, but sometimes you can get it worked out! Good luck - and feel free to let me know if there is anything I can do to help you! Have a great day! ... more
0 votes 6 answers Share Flag
Wed Nov 28, 2012
Ben Dunk answered:
I would recommend Church Hill as an up and coming area.

Tons of character homes and new foodie restaurants popping up such as the Roosevelt.

Definitely worth a look!

Ben Dunk
Character Home Specialist
757-945-6543
about.me/bendunk
... more
0 votes 10 answers Share Flag
Tue Mar 23, 2010
Multi-fam-buyer answered:
Hello George,

I am currently looking to buy a duplex to live in and rent the other unit. Please contact me at mjupiter16@gmail.com if you are interested in selling your place.

Best Regards,
Jay
... more
0 votes 6 answers Share Flag
Thu Jul 23, 2009
Fan Resident answered:
Wow, I wonder how many of these agents would still give the same answers. I have a very hard time believing any answer an agent may offer because they are extremely biased. They want people to buy buy buy, it's how they survive. The Fan will continue to go down (hopefully by 15% more) for several reasons: Big companies have had big layoffs in the Richmond area (Genworth, Philip Morris, LandAmerica, and Capital One all cut high paying jobs and Wachovia Securities actually left the area along with 3k jobs). Job cuts = decreased demand for real-estate. Secondly, between 2004-2006 Richmond, The Fan particularly, experienced a 28% increase in home prices....since then they have only dropped 5%. The 28% increase is not sustainable, it increased on the coattails of the overall national real-estate bubble, but The fan doesn't seem to have gotten the message yet that the bubble burst. Sellers in this town are stubborn. For evidence of this, look at the average time homes have been on the market since 2008...the average is approaching 10 months and increasing. Also, look at the price originally asked for and then look at the price asked for 6 months later...many of these homes have only decreased 1-2% from original asking price. But heck, if the seller can afford to keep the house on the market and not drop the price, why not? Stubborn. ... more
0 votes 7 answers Share Flag
Tue Mar 18, 2008
George Cumming answered:
Having lived in three houses and one condo in the Fan and I have begun to see the Fan as a series of little neighborhood tied together by a strong association, great Elementary school and the alley boundaries of Boulevard, Grace, Harrison and Floyd. Monument has incredible facades and after 18 year here, I am astounded by the architecture every time I walk down the street. There size and interior's vary widely as does to the composition of each block - Monument still has a mix of single family, apartments, condo and businesses. When trying to decide where to live in the Fan, park your car and take a walk and find out what feels good to you. If you like it in the day, check it out after work (is there parking) and at night. Stop and talk to the neighbors to get a good perspective of the neighborhood. With recent addition of four way stops all over the Fan, the traffic has calmed considerably and Hanover and Stuart have become very peaceful. Grove is known for many of its large homes and Grace has some of the finest architecture off Monument. Floyd is often more affordable and has the advantage of the proximity to the emerging Main and Cary Street Corridor's Restaurants and Galleries. Park is central to all and has the "3 triangle parks" including one beautifully landscaped one on Meadow and another walled children's park on Lombardy. I often feel that the lower Fan has a European feel and the upper Fan has a little larger lots and a little more space for yards (and off-street parking). West Ave. is a treasure for all ages but this "stork row" is golden for the kids who rule the sidewalks. The side streets each have there own personality, but many are sleepy with nice deep lots. Sales are stronger in the Fan then in some other areas but market conditions vary by condition and the quality of each house as well as its location and parking. A few sold the week they hit the market this month. If you don't have to sell it is great time to buy and it is always a pleasure to live in the Fan. George Cumming, Agent, RE/MAX Commonwealth ... more
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