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Richmond Metro Home inventory Grows as Sellers Market Slows. Statistics are showing a steady growth in housing inventory available for sale, since the pandemic. After a low June 2022 of 1507 the last two years have been a steady rise, especially the last twelve months. The tide is turning and has already turned in much … Continued

US home delas were canceled at the highest rate on record for a June. About 15% of all homes that went under contract in June canceled. More sellers are cutting asking prices on MLS listed homes. Properties have been lingering on the market longer in the U.S. This is another good reason for sellers in … Continued

Surprisingly (to me) mortgage refinance demands jumped recently and reached a two year high. Its reported that at least in part, because interest rates dropped slightly, this lead to a sharp uptick of refinances. I have never been a big fan of refinancing. Particularly, it concerns me when I see young people do it as … Continued

Current mortgage rates continue to hover at approximately 7% for a 30 year fix. This may surprise some. There was chatter earlier in the year that by summer rates may be lower. Its “summer” that didn’t happen. We should also clarify “lower”. If your hoping lower is the 3%-5% of a few years back. Don’t … Continued

Typically, when I am inspecting a hoarder house to buy there is a feeling of caution, reluctance, embarrassment from family members of the hoarder, that contact me. I try to ease them as I have seen this many times and have purchased several. There is nothing shocking about this to me and I am glad … Continued

There is good and bad news for Central Virginia Homes Sales. First the good news. Inventory is up 35% year to date. But, the bad news is that is still substantially low compared to 2020. New construction home sales are leading the way. The majority of experts agree that is mainly because “that is what’s … Continued

There are many reasons for selling your house direct, for cash, to Mission Va LLC in a divorce. Here are some examples – faster and hassle free closing, not dealing with showings, you choose the closing date, we pay the closing costs, zero fees & commissions, no worries about home inspections and repairs. There is … Continued

One of the common statements I hear from a prospect seller is they are unsure. I understand as I feel the same often in regards to buying a house directly,as is, for cash and paying the sellers closing costs. The solution is simple. You see it has to be a win-win for both. The house … Continued

There is a misconception by some that you need a realtor to sell your house. The fact is you do not and often it is to your advantage to not use a realtor to sell. IMO what you do need is a real estate attorney handling your end of the transaction. That’s why here at … Continued

Yesterday a major newspaper (hint two hours North of Richmond) reported that Real estate Agents are fleeing. The article had statistics to back it up. Amongst the reasons listed were new rules regarding how homes are bought and sold in America. Along with mortgage rates and an over crowded industry.

Year to date home sales in Virginia show a mixed bag of ups and downs. Richmond Metro which is part of Central Virginia Region was Down 0.6%. Shocker? Not to me. Working full time in the Richmond Metro Market myself and others can feel it. Feel what? Feel a slow but steady shift from a … Continued

On a lap – desk top computer you will find a “reviews” tab along the upper blue header on the far side. If your using a smartphone reviews will appear on the upper right under “more” (a drop down box) followed by reviews. Under reviews you will see local Richmond Va metro area reviews. Thanks, … Continued

Why first time homeowners may prefer to buy a renovated house ? In my experience the answer is clear and simple = The Numbers Numbers wise unless they are a builder its prefered to roll it into a mortgage rather than an additional home improvement loan, refi. or other. That is just on the numbers … Continued

In my experience Mission Va LLC has an added value fit with certain sellers. Specifically Estate-Inheritance and Landlords. The added value comes into play as these are typically sensitive transitions which I have substantial first hand experience with. Another added value is I do not just use a Title Company, rather I use a well … Continued

While the spring housing market got off to a sluggish start because of higher interest rates, one bright spot is newly built home sales. Sales of newly built homes jumped 9% reaching the highest level since last fall, the Commerce Department reported Tuesday. New home prices are coming closer inline with the existing real estate … Continued