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The Museum District : Real Estate Advice

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  • Home Buying3
  • Home Selling0
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Activity 5
Wed Mar 26, 2014
Wally Hughes answered:
As Barbara stated previously we are on a different MLS system than Northern Virginia . . . also usually Museum District properties are not on the market long!!! It is a very sought after area and the day you put in a property you get showing requests! I listed a house on Floyd Avenue ( in the museum district November 20, 2013 and it was under contract by November 23,2013! Your best bet is to refer your client to someone who knows the area well and can "jump" when a great house comes on the market.
If you would like to refer your client to me I would treat them the same way I treat all of my clients,just like I would want to be treated! This is the main reason 98% of my business is past client referrals. In over 30 years of real estate in the Richmond area I am very familiar will the City of Richmond and all surrounding counties and stay on the "pulse" of the market.
Please let me know if I can help you!
Wally Hughes, Associate Broker
RE/MAX Commonwealth
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Thu Feb 27, 2014
kelly smith answered:

Do you have a specific question ? Are you in need of a RealtorĀ® ? I'd be more than happy to help you.
Please feel free to contact me at any time.

I look forward to hearing from you soon.
Kelly Smith
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Wed Dec 5, 2012
Betty Hesaltine answered:
Hi Maura,
The museum district is a tricky area. As you know your house may be completely renovated but the house right next door which sold a month ago and will be used as a comparable had not been touched in ages. Your Realtor should be able to help out by asking the appraiser questions before allowing them access to the property for the appraisal. They should be making sure the appraiser works in the area, and knows the houses from within. If that is not the case, they should request another appraiser who works the museum district more frequently. You cannot request a specific appraiser, as the lender cannot talk to the appraiser, but you have the right to veto an appraiser before they have access. An appraisal based on statistics and MLS photos only may not be in your best interest.
It is my impression that the lender may allow the buyer to put more money down on a conventional loan, but each lender/bank has their own "layers" which may not allow this procedure. Another lender may be an answer.
Good luck!
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1 vote 12 answers Share Flag
Wed Jun 9, 2010
Melissa Loughridge Savenko answered:
Your agent should be able to tell you. Good luck! MLS
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