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Charlottesville : Real Estate Advice

  • All128
  • Local Info14
  • Home Buying34
  • Home Selling9
  • Market Conditions5

Activity 71
Wed Mar 25, 2009
Vicky Chrisner answered:
Did you pay an app fee? If so, you may not be able to get that back. Are you in a contract? The concern once you're in a contract is that starting over with someone else, you may have trouble closing on time. ... more
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Fri Jan 2, 2009
Scott Godzyk answered:
Tony there is no simple answer. You will need to review your contract and look for outs. Your buyer broker should be able to assist you. You may have no other choice but to use your free first consultation with a real estate attorney, he can review your contract and situation for exact laws on your side. good luck with working things out. ... more
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Mon Aug 25, 2008
Charles McDonald answered:
Most will do a CMA (Comparative Market Analysis) show recent sales, pending and active listings. We then look at averages and price per square foot. Now the real key is to know the specific market/neighborhood and to personally look at current homes listed to see how they compare in quality. It is not just about price.

Hope this help?

Best regards,
Charles A. McDonald
(cell) 434-981-1585
Associate BROKER at RE/MAX Assured Properties, Licensed to sell Real Estate in Virginia
ABR, e-PRO, SRES CAAR Professional Honor Society, CAAR Technology Group
... more
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Tue Jun 10, 2008
Fulton Gaylord answered:
Dearest Rebecca,

In my 20 years as a Realtor I've learned and believe one marketing adage, that pricing is THE most important thing. All other considerations, such as location, size, ameneties, etc., are all a function of price. Even the most ugly home in the worst environment has its price.

So what is your price? And can your Realtor (me) support that price opinion using similar, comparable properties that have sold in the past 3-6 months allowing for the current market trend? I do neither of us any favors taking a lisitng and having it sit for months and months.

I will e-mail you all properties similar to yours that have sold and start the conversation there. How does that sound?

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Fri May 23, 2008
Phil Young answered:
Id be supprised if a REALTOR answers this question. You might want to do a "drive-by" at different times of day and decide for yourself.
0 votes 2 answers Share Flag
Sat Aug 18, 2012
Daniel Rothamel answered:
I am happy to see if I can help, although my ability to answer is limited, ethically. What neighborhood are you speaking of?
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Mon Aug 25, 2008
Karsten Torch answered:

No, the idea is not ludicrous, but there are a few things you're going to want to know first, and a realtor can help you. Why are the people selling, have they purchased something else already, and how much do they owe? If it is a distressed seller and they have equity, then no problem. If no equity, then they won't be able to give the property away. If they've purchased another home and the home has been on the market for a while, they will also be more willing to deal. And how much they owe can usually be determined pretty close from tax records - also accessible to your realtor. And perhaps the most important question - how much is the home actually worth? If somebody is already 20% below market, maybe just come in a little under. There are still plenty of sellers that are easily 20 - 25% too high, so you wouldn't want to pay them 75% of their asking price.

In short, many realtors don't mind low-balling the seller, but sellers may get angry and then you're not going to be able to revisit them again later. As long as you're comfortable with that, go for it.

If you want a referral for an agent in your area, let me know. Easily done....
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Fri Jun 29, 2012
Cheryl Carroll answered:
Definitely is a buyer's market. New construction prices are not as fluid as resales. Home values vary significantly by neighborhood. One neighborhood might see an 18% decline in price from the same time 2 years ago while another might have actually held steady. Detached homes on the market in Charlottesville total 197 while Albemarle county totals 668. I think it's tough for buyers to even make an informed decision since there may be numerous properties out there that fit their criteria.

I have a current document that gives kind of the "Top 10 things to know in the Virginia Market" in contrast to national news reporting on Real Estate which is very regional in nature. After all, Ohio's market is different from Florida's which is not the same as Texas' or Washington's, etc.

I also have an in-depth report that just came out today on the mortgage market. Let me know if you would like to see. It's pretty heavy reading.
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Tue Jun 10, 2008
Jim Duncan answered:
Tyler -

Define biking distance. For some it's 5 minutes, others 15. I know you need to be within 20 minutes of the Medical Center.

How old is your son - are schools a consideration?

Here is a neighborhoods series I have written (and have sadly neglected for too long)

The market is in transition in Charlottesville - do you need/want/have a preference for attached or detached homes?

Do you have any pets? Is a yard necessary?

I have many more questions for you, if you are interested. Here is a search that is targeted somewhat for UVA Medical Residents.

Please feel free to call or email me anytime.

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Thu Dec 16, 2010
Jim Duncan answered:
Sharon - I am able to help you in any way possible. What is your timeframe? Please feel free to call or email me anytime.

Jim Duncan
0 votes 7 answers Share Flag
Wed Oct 20, 2010
Jim Duncan answered:
Nancy -

Just a point of clarification - what do you mean by "WV area"?


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