What is an e-PRO—— and why should you use one? A short guide for the Internet consumer When you're on the Internet, you don't have time to waste on endless searches for useful real estate information. You want to get things done quickly and without hassle. So chances are you'd like a real estate agent who Answers e-mail promptly and professionally. Respects your on-line privacy. Offers home listings and other Internet tools to help you find or market a home. Enter the e-PRO.
An e-PRO is a REALTOR® who has successfully completed the e-PRO training program for real estate professionals. Endorsed by the National Association of REALTORS®, the e-PRO course teaches professionals the nuts and bolts of working with real estate on-line: Web sites, e-mail, on-line tools, and most of all, what today's consumer really wants.
What does all this mean to you? There are several benefits of working with a certified Internet professional.
More privacy
Are you reluctant to give out contact information through the Web for fear of being pestered or spammed? e-PROs understand. They've learned the Web isn't just a place to do business; you need information from someone you can trust.
That's why e-PROs respect your privacy. They respond quickly to your questions, but don't send you unwanted communication. And they protect your personal information.
Less hassle
Tired of struggling to find information? e-PROs are more likely to have access to the latest Internet utilities, making your life easier. These tools may include:
On-line home tours
Instant access to comprehensive neighborhood data
Extensive property listings
Immediate e-mail notification of just-listed homes meeting your criteria
Referral networks and on-line forums, where e-PROs can quickly find information——even potential buyers——from other e-PROs
Newsletters on current real estate conditions in your area
Electronic faxes sent to you by e-mail
Advanced software, PDAs, and laptops to find you answers on the spot
The result: you get more information, more easily. With electronic files, you have less paperwork to deal with. And since your agent uses e-mail, you can even eliminate phone tag. The e-PRO streamlines your entire transaction, from showing to closing.
Less expense
An e-PRO's access to advanced technology can save you considerable expense. You have more tools to find or market your home, so you're likely to get a better price. With on-line home tours, you reduce in-person showings——and the costs involved. And by using e-mail, you save money on long-distance calls and fax charges.
Relocating? An e-PRO is ideal for you. With the tools to do your research electronically, you can make a decision on a home the first day you're in town——or without traveling at all. You and your family save on travel costs. And after you've decided to buy, monitoring the sale by e-mail saves you even more.
Should you use an e-PRO? Yes——especially if you're an Internet user. In this fast-paced age, technology has become a necessity. An e-PRO is someone who has recognized and responded to the needs of the new consumer. If you choose an e-PRO, it's a safe bet you'll get the kind of service you want——and need.
Copyright© InternetCrusade® and NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. No portion of this web site, including graphics or text, may be reproduced without the expressed consent of InternetCrusade® and NATIONAL ASSOCIATION OF REALTORS®.
Tuesday, March 11, 2008
Henrico Parks & Recreation Events April 2008
Henrico Parks & Rec Events April 2008
APRIL 2008
Baa, Baa Little Sheep, Have You any Wool?
For all ages. It is shearing time, and Meadow Farm is using historic hand shears on their herd of Gulf Coast Native sheep. Come watch the process and learn more about this rare breed and what their wool is used for. Information: Anna Truong, 501-5520.
Sat, Apr 5, 12, 19, & 26, 1-3 p.m.
Meadow Farm Museum. Free.
The Richmond Symphony in Concert
For all ages. The Henrico Family Concert Series features the Richmond Symphony in concert. This concert will be conducted by Associate Conductor Erin Freeman. Bring the entire family for a great evening of music! Information: Amy Perdue, 501-5138.
Mon, Apr 7, 7 p.m.
The Cultural Arts Center at Glen Allen.
Adults: $12. Children 12 and under: $6.
For ticket information and reservations, call the Richmond Symphony Box office at 788-1212.
Henrico Community Band Spring Concert
For all ages. The Henrico Community Band, under the direction of Archer Johnson, invites you to a night of music the entire family can enjoy. Selections range from Beethoven to the Beatles and beyond. Information: Elaine Payne, 501-5115.
Thur, Apr 10, 7:30-9 p.m.
Henrico Theatre. Free. Call for reservations.
Gaming in the Tavern
For all ages. Enjoy backgammon, checkers, chess, cards, dominos, and other games while sipping a root beer float! Children must be accompanied by an adult. Information: Bob Lehr, 261-6898.
Fri, Apr 11, 6-9 p.m.
Walkerton Tavern. Free.
Feathered Nests
For all ages. Have you ever slept on a feather bed or played a game using feathers? Benjamin Franklin used a feather to write with. Come try out these items and find out why the feather is a most useful object. Information: Anna Truong, 501-5520.Sun, Apr 13, noon-3:30 p.m.
Meadow Farm Museum. Free.
Sweetheart Ball for Mother and Son
For ages 3-5. Let the little man in your life experience his first dance with you! This is an opportunity for mothers and sons to have a special date night. There will be dinner, dancing, and entertainment - a real night on the town! Information: Janice Parker, 501-5809.
Fri, Apr 18, 6:30-8:30 p.m.
Confederate Hills Recreation Center.
$7.50 per person, registration required.
Scavenger Hunt
For ages 6-12. There are many treasures in Hidden Creek Park. Design a special pouch for scavenger items, then seek to unlock the mystery with the winning keys. Munch on pizza and snacks after the scavenger hunt. Information: Sheila Cunningham, 643-8302.
Fri, Apr 18, 4:30-6:30 p.m.
Hidden Creek Recreation Center. $7.50, registration required.
Earth Day Celebration
For all ages. Celebrate Earth Day at Three Lakes Park! The Division of Recreation and Parks is teaming up with the Virginia Department of Conservation and Recreation, Virginia Department of Environmental Quality, James River Advisory Commission, and our very own Keep Henrico Beautiful! Bring the family and enjoy live music performed by Susan Greenbaum. Activities and entertainment will include educational booths and displays, litter “pick-up” races, recycling games, the Henrico County Bookmobile, arts and crafts, games, face painting, and more. The Wildlife Center of Virginia will be on-site with live animals, and Ocean Encounters will give you hands-on fun with ocean critters. Three Lakes Nature Center will also feature hands-on activities as well as educational displays. Concessions will be available for purchase. Information: Jeannie Murray, 501-5121.
Sat, Apr 19, 1-4 p.m.
Three Lakes Park. Free.
Sheep to Shawl
For all ages. Meadow Farm is shearing its sheep and taking the wool through the entire process from sheep to shawl. Spinning, weaving, and natural dyes are all part of the process. Come try your hand at some of these activities and sign up to make a rag doll. Information: Anna Truong, 501-5520.
Sat, Apr 19, noon-4 p.m.
Meadow Farm Museum. Free.
Bluegrass Coffeehouse
For all ages. Bluegrass musicians of all ages and abilities: we invite you to Walkerton to play and share your music! Acoustic only. Children must be accompanied by an adult. Information: Cindy Rinker, 261-6898.
Fri, Apr 25, 7-9 p.m.
Walkerton Tavern. Free.
###
— Pam M. Kempf County of Henrico, VA - Division of Recreation & Parks Community Relations, Marketing, & Publicity (804) 501-5149 kem@co.henrico.va.us www.co.henrico.va.us/rec
APRIL 2008
Baa, Baa Little Sheep, Have You any Wool?
For all ages. It is shearing time, and Meadow Farm is using historic hand shears on their herd of Gulf Coast Native sheep. Come watch the process and learn more about this rare breed and what their wool is used for. Information: Anna Truong, 501-5520.
Sat, Apr 5, 12, 19, & 26, 1-3 p.m.
Meadow Farm Museum. Free.
The Richmond Symphony in Concert
For all ages. The Henrico Family Concert Series features the Richmond Symphony in concert. This concert will be conducted by Associate Conductor Erin Freeman. Bring the entire family for a great evening of music! Information: Amy Perdue, 501-5138.
Mon, Apr 7, 7 p.m.
The Cultural Arts Center at Glen Allen.
Adults: $12. Children 12 and under: $6.
For ticket information and reservations, call the Richmond Symphony Box office at 788-1212.
Henrico Community Band Spring Concert
For all ages. The Henrico Community Band, under the direction of Archer Johnson, invites you to a night of music the entire family can enjoy. Selections range from Beethoven to the Beatles and beyond. Information: Elaine Payne, 501-5115.
Thur, Apr 10, 7:30-9 p.m.
Henrico Theatre. Free. Call for reservations.
Gaming in the Tavern
For all ages. Enjoy backgammon, checkers, chess, cards, dominos, and other games while sipping a root beer float! Children must be accompanied by an adult. Information: Bob Lehr, 261-6898.
Fri, Apr 11, 6-9 p.m.
Walkerton Tavern. Free.
Feathered Nests
For all ages. Have you ever slept on a feather bed or played a game using feathers? Benjamin Franklin used a feather to write with. Come try out these items and find out why the feather is a most useful object. Information: Anna Truong, 501-5520.Sun, Apr 13, noon-3:30 p.m.
Meadow Farm Museum. Free.
Sweetheart Ball for Mother and Son
For ages 3-5. Let the little man in your life experience his first dance with you! This is an opportunity for mothers and sons to have a special date night. There will be dinner, dancing, and entertainment - a real night on the town! Information: Janice Parker, 501-5809.
Fri, Apr 18, 6:30-8:30 p.m.
Confederate Hills Recreation Center.
$7.50 per person, registration required.
Scavenger Hunt
For ages 6-12. There are many treasures in Hidden Creek Park. Design a special pouch for scavenger items, then seek to unlock the mystery with the winning keys. Munch on pizza and snacks after the scavenger hunt. Information: Sheila Cunningham, 643-8302.
Fri, Apr 18, 4:30-6:30 p.m.
Hidden Creek Recreation Center. $7.50, registration required.
Earth Day Celebration
For all ages. Celebrate Earth Day at Three Lakes Park! The Division of Recreation and Parks is teaming up with the Virginia Department of Conservation and Recreation, Virginia Department of Environmental Quality, James River Advisory Commission, and our very own Keep Henrico Beautiful! Bring the family and enjoy live music performed by Susan Greenbaum. Activities and entertainment will include educational booths and displays, litter “pick-up” races, recycling games, the Henrico County Bookmobile, arts and crafts, games, face painting, and more. The Wildlife Center of Virginia will be on-site with live animals, and Ocean Encounters will give you hands-on fun with ocean critters. Three Lakes Nature Center will also feature hands-on activities as well as educational displays. Concessions will be available for purchase. Information: Jeannie Murray, 501-5121.
Sat, Apr 19, 1-4 p.m.
Three Lakes Park. Free.
Sheep to Shawl
For all ages. Meadow Farm is shearing its sheep and taking the wool through the entire process from sheep to shawl. Spinning, weaving, and natural dyes are all part of the process. Come try your hand at some of these activities and sign up to make a rag doll. Information: Anna Truong, 501-5520.
Sat, Apr 19, noon-4 p.m.
Meadow Farm Museum. Free.
Bluegrass Coffeehouse
For all ages. Bluegrass musicians of all ages and abilities: we invite you to Walkerton to play and share your music! Acoustic only. Children must be accompanied by an adult. Information: Cindy Rinker, 261-6898.
Fri, Apr 25, 7-9 p.m.
Walkerton Tavern. Free.
###
— Pam M. Kempf County of Henrico, VA - Division of Recreation & Parks Community Relations, Marketing, & Publicity (804) 501-5149 kem@co.henrico.va.us www.co.henrico.va.us/rec
Saturday, March 1, 2008
10 Best Places for House Bargains!
The best place to get a bargain on a home is an area where there is healthy job growth and more houses available than people to buy them.These are markets “where you have high inventories but pliable borrowers, with lenders willing to deal,” says Anthony Sanders, a professor of finance at Arizona State University.Forbes magazine went looking for markets where the damage from risky lending hasn’t been as dramatic as in some parts of the country and where employment growth will burn off an over-abundance of inventory quickly.Here are what the magazine considers the 10 best cities for bargain house hunters.
1. Salt Lake City, Utah. Developers have gotten ahead of the demand, but the city is adding jobs more quickly than practically any place else in the country.
2. Raleigh, N.C. Another place where building got ahead of the curve, but the economy is expanding quickly.
3. Orlando, Fla. This part of the state had fewer speculators than Miami and Tampa, and it’s adding jobs faster than those cities as well.
4. Charlotte, N.C. The financial industry is moving here, adding jobs, but the inventory of unsold homes is still significant.
5. Phoenix. This city had a high foreclosure rate, but the economy is growing and people are still moving here in large numbers.
6. Seattle. The city’s port has profited from the weak dollar, but the housing price growth has slowed.
7. Las Vegas. This market was hit hard by foreclosures, but the growing economy makes the huge inventory less toxic than it is many places.
8. Jacksonville, Fla. The foreclosure rate is slower than the rest of the Florida cities, making the large inventory likely to improve.
9. Richmond, Va. There is only one foreclosure per 1,103 households here (compared to 1 in 33 in Detroit). Still, there are plenty of homes on the market.
10. Houston. Homes in Houston have long been a bargain. While there have been plenty of foreclosures, the population and the economy are expanding.
Source: Forbes, Matt Woolsey (02/07/08)
1. Salt Lake City, Utah. Developers have gotten ahead of the demand, but the city is adding jobs more quickly than practically any place else in the country.
2. Raleigh, N.C. Another place where building got ahead of the curve, but the economy is expanding quickly.
3. Orlando, Fla. This part of the state had fewer speculators than Miami and Tampa, and it’s adding jobs faster than those cities as well.
4. Charlotte, N.C. The financial industry is moving here, adding jobs, but the inventory of unsold homes is still significant.
5. Phoenix. This city had a high foreclosure rate, but the economy is growing and people are still moving here in large numbers.
6. Seattle. The city’s port has profited from the weak dollar, but the housing price growth has slowed.
7. Las Vegas. This market was hit hard by foreclosures, but the growing economy makes the huge inventory less toxic than it is many places.
8. Jacksonville, Fla. The foreclosure rate is slower than the rest of the Florida cities, making the large inventory likely to improve.
9. Richmond, Va. There is only one foreclosure per 1,103 households here (compared to 1 in 33 in Detroit). Still, there are plenty of homes on the market.
10. Houston. Homes in Houston have long been a bargain. While there have been plenty of foreclosures, the population and the economy are expanding.
Source: Forbes, Matt Woolsey (02/07/08)
Mortgage rates Rise for Third Week in Row!
Freddie Mac reports a jump in the 30-year fixed mortgage rate to a more than three-month high of 6.24 percent during the week ended Feb. 28. The previous week rates stood at 6.04 percent. The jump marked the third consecutive weekly increase.
Interest on 15-year fixed-rate mortgages climbed to 5.72 percent from 5.64 percent over the same period. Meanwhile, the five-year adjustable mortgage rate edged up to 5.43 percent from 5.37 percent. The one-year ARM shot up to 5.11 percent from 4.98 percent.
Interest on 15-year fixed-rate mortgages climbed to 5.72 percent from 5.64 percent over the same period. Meanwhile, the five-year adjustable mortgage rate edged up to 5.43 percent from 5.37 percent. The one-year ARM shot up to 5.11 percent from 4.98 percent.
Richmond’s Private School Guide!
All the private school information for the metro Richmond area you need is just one click away. Classified by zip code.
23002
Amelia Academy (PK-12) www.ameliaacademy.com
Love Covenant Christain School (K-12) 804-561-3750
23005
Hanover Academy (K-8) www.hanoveracademy.org
23039
Salem Christian School (PK3-12) www.salemchristainschool.com
23111
Liberty Christian School (PK3-6) www.libertychristianschool.org
23112
Millwood School (JK-8) www.milwoodschool.org
23115
Aylett Country Day School (PK-8) www.acdspatriots.net
23116
Atlee Christian Academy (PK-5) www.hanoverlife.com
New Hanover Christain School (5-8) www.nhpc.org
23139
Blessed Sacrament Huguenot (PS-12) www.blessedsacramenthuguenot.org
23220
Nubian Village Academy (PK-8) www.nubianvillageacademy.com
Orchard House School (5-8) www.orchardhouse.org
Richmond Preparatory Christian Academy (PK-8) www.richmondprep.org
St.Andrew’s School (K-5) www.st-andrews-school.org
23221
Benedictine High School (9-12) www.benedictinehighschool.org
Richmond Academy of Seventh Day Adventists (K-12) www.radsa.org
St. Benedict School (K-8) www.saintbenedictschool.org
St. Gertrude High School (9-12) www.saintgertrude.org
23222
All Saints Catholic School (PK-8) www.allsaintsric.com
Seven Hills School (5-8) www.7hillsschool.org
23223
Landmark Christian School (PK-12) www.landmarkbaptistrichmond.org
23224
All Saints Letsy Ann Memorial School (PK-3) 804-232-3159
Elijah House Academy (K-4) www.elijahhouseacademy.com
Southside Baptist Christian School (K-12) www.sbcscares.com
23225
Good Shepherd Episcopal School (PK-8) www.gses.org
IRQA Academy of Virginia (PK-7) www.iqrava.com
Richmond Waldorf School (K-8) www.richmondwaldorf.com
VERITAS Classical Christian School (K-10) www.veritasschool.com
23226
St. Bridget’s School (K-8) www.saintbridget.org
St. Catherine’s School (JK-12) www.st.catherines.org
St. Christopher’s School (JK-12) www.stchristophers.com
23227
Brook Road Academy (9-12) www.brookroadacademy.com
Luther Memorial School (PK-8) www.luthermemorial.com
Victory Christian School (K3-12) www.vca-edu.org
23228
Our Lady of Lourdes School (PK-8) www.ollric.com
23229
Collegiate School (K-12) www.collegiate-va.org
Grove Avenue Christian School (PK3-12) www.gabcs.org
Richmond Montessori School (PK-8) www.richmondmontessori.org
St. Mary’s School (PK-8) www.saintmary.org
West End Montessori School (PS-6) www.westendmontessori.com
23233
Academy of Academic Excellence (JK-3) www.academy-of-excellence.com
23235
St. Edward-Epiphany School (PK-8) www.seeschool.com
St. Michael’s Episcopal School (K-8) www.stmschool.net
Trinity Episcopal School (9-12) www.trinityes.org
23238
Rudlin Torah Academy (K-8) www.rudlin.org
The Steward School (K-12) www.stewardschool.org
23803
The Restoration Military Academy and Preparatory Academy (K-12) www.houserest.org
St. Joseph (PK-8) www.saintjosephschool.com
23805
RA Lewis Christian School (K-8) 804-732-4733
23832
Guardian Christian Academy (PS-8) www.gcakids.com
Richmond Christian School (PK4-12) www.richmondchristian.com
23834
Evangel Christian School (PK-12) www.evangelchristian.com
23838
Gill Grove Baptist School (PK-12) 804-590-1535
23860
Broadway Christian School (JK-12) 804-458-3750
West End Christian School (K3-12) www.wecs-hopewell.com
Click here for more information!
23002
Amelia Academy (PK-12) www.ameliaacademy.com
Love Covenant Christain School (K-12) 804-561-3750
23005
Hanover Academy (K-8) www.hanoveracademy.org
23039
Salem Christian School (PK3-12) www.salemchristainschool.com
23111
Liberty Christian School (PK3-6) www.libertychristianschool.org
23112
Millwood School (JK-8) www.milwoodschool.org
23115
Aylett Country Day School (PK-8) www.acdspatriots.net
23116
Atlee Christian Academy (PK-5) www.hanoverlife.com
New Hanover Christain School (5-8) www.nhpc.org
23139
Blessed Sacrament Huguenot (PS-12) www.blessedsacramenthuguenot.org
23220
Nubian Village Academy (PK-8) www.nubianvillageacademy.com
Orchard House School (5-8) www.orchardhouse.org
Richmond Preparatory Christian Academy (PK-8) www.richmondprep.org
St.Andrew’s School (K-5) www.st-andrews-school.org
23221
Benedictine High School (9-12) www.benedictinehighschool.org
Richmond Academy of Seventh Day Adventists (K-12) www.radsa.org
St. Benedict School (K-8) www.saintbenedictschool.org
St. Gertrude High School (9-12) www.saintgertrude.org
23222
All Saints Catholic School (PK-8) www.allsaintsric.com
Seven Hills School (5-8) www.7hillsschool.org
23223
Landmark Christian School (PK-12) www.landmarkbaptistrichmond.org
23224
All Saints Letsy Ann Memorial School (PK-3) 804-232-3159
Elijah House Academy (K-4) www.elijahhouseacademy.com
Southside Baptist Christian School (K-12) www.sbcscares.com
23225
Good Shepherd Episcopal School (PK-8) www.gses.org
IRQA Academy of Virginia (PK-7) www.iqrava.com
Richmond Waldorf School (K-8) www.richmondwaldorf.com
VERITAS Classical Christian School (K-10) www.veritasschool.com
23226
St. Bridget’s School (K-8) www.saintbridget.org
St. Catherine’s School (JK-12) www.st.catherines.org
St. Christopher’s School (JK-12) www.stchristophers.com
23227
Brook Road Academy (9-12) www.brookroadacademy.com
Luther Memorial School (PK-8) www.luthermemorial.com
Victory Christian School (K3-12) www.vca-edu.org
23228
Our Lady of Lourdes School (PK-8) www.ollric.com
23229
Collegiate School (K-12) www.collegiate-va.org
Grove Avenue Christian School (PK3-12) www.gabcs.org
Richmond Montessori School (PK-8) www.richmondmontessori.org
St. Mary’s School (PK-8) www.saintmary.org
West End Montessori School (PS-6) www.westendmontessori.com
23233
Academy of Academic Excellence (JK-3) www.academy-of-excellence.com
23235
St. Edward-Epiphany School (PK-8) www.seeschool.com
St. Michael’s Episcopal School (K-8) www.stmschool.net
Trinity Episcopal School (9-12) www.trinityes.org
23238
Rudlin Torah Academy (K-8) www.rudlin.org
The Steward School (K-12) www.stewardschool.org
23803
The Restoration Military Academy and Preparatory Academy (K-12) www.houserest.org
St. Joseph (PK-8) www.saintjosephschool.com
23805
RA Lewis Christian School (K-8) 804-732-4733
23832
Guardian Christian Academy (PS-8) www.gcakids.com
Richmond Christian School (PK4-12) www.richmondchristian.com
23834
Evangel Christian School (PK-12) www.evangelchristian.com
23838
Gill Grove Baptist School (PK-12) 804-590-1535
23860
Broadway Christian School (JK-12) 804-458-3750
West End Christian School (K3-12) www.wecs-hopewell.com
Click here for more information!
Real Estate assessments increase again in Richmond area!
Over the past few weeks city and county assessors across the state have mailed out those little slips that say your home is worth more -- notices that mean you'd make money selling your home but that will almost certainly translate into higher real estate tax bills.
In the cities and counties around Richmond, assessments are up again, though not by as much as last year or the year before, a Richmond Times-Dispatch analysis of local assessment data shows.
That's because sales prices for metropolitan Richmond-area homes last year rose -- by an average of 5.8 percent -- to $281,139, according to the Virginia Association of Realtors.
(Source: inRich.com) Full Story!
In the cities and counties around Richmond, assessments are up again, though not by as much as last year or the year before, a Richmond Times-Dispatch analysis of local assessment data shows.
That's because sales prices for metropolitan Richmond-area homes last year rose -- by an average of 5.8 percent -- to $281,139, according to the Virginia Association of Realtors.
(Source: inRich.com) Full Story!
Friday, February 29, 2008
Henrico county may end 'Richmond' addresses!
The U.S. Postal Service will survey about 80,000 homes and businesses on whether Henrico should replace Richmond as the preferred address for 11 ZIP codes that fall totally or almost totally in the county.
The surveys will go out in May at the request of Henrico officials. They believe making Henrico a viable address will fix an old problem that misdirects an estimated $5 million in annual tax revenue to the city.
The survey was announced about a week ago, but it's more nuanced than initially described. If a majority of survey respondents approve of the switch:
The surveys will go out in May at the request of Henrico officials. They believe making Henrico a viable address will fix an old problem that misdirects an estimated $5 million in annual tax revenue to the city.
The survey was announced about a week ago, but it's more nuanced than initially described. If a majority of survey respondents approve of the switch:
- Henrico would replace Richmond as the Postal Service's preferred address for ZIP codes 23075, 23228, 23229, 23231, 23233, 23238, 23242, 23250, 23255, 23288 and 23294.
- Richmond would still be acceptable for those addresses, as would Highland Springs for ZIP code 23075, Page said.
- Richmond would remain the preferred address for all properties in ZIP codes 23222, 23223, 23226, 23227 and 23230. However, Henrico would become an acceptable alternative -- one that county officials would encourage residents and businesses to use.
- Glen Allen and Sandston addresses would not be affected.
When Should I Put My Home On The Market?
There is no "best" time to sell per se. Selling a house depends on supply, demand and other economic factors. But the time of year in which you choose to sell can make a difference both in the amount of time it takes to sell your home and in the ultimate selling price.
Weather conditions are less of a consideration in more temperate climates, but most of the time, the real estate market picks up as early as February, with the strongest selling season usually lasting through May and June.
With the onset of summer, the market slows. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective homebuyers and their agents take vacations during mid-summer.
Following the summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, which usually lasts into November when the market slows again as buyers and sellers turn their attention to the holidays.
If this makes you wonder if you should take your home off the market for the holidays, consider the advice of veteran agents: You are always more likely to sell your house if it is available to show to prospective buyers continuously.
Would discovering the length of time it might take to sell your house help in your planning process?
As Realtor, I can easily obtain information from our Multiple Listing Service (MLS) showing average time on the market from the time a house was listed to when an offer is accepted. Another factor to consider is the time involved between when an offer is accepted and when the transaction actually closes.
We would be happy to schedule a time to provide any information we can that would make the selling of your home a hassle free transaction. Don't hesitate to email or phone us anytime!
Weather conditions are less of a consideration in more temperate climates, but most of the time, the real estate market picks up as early as February, with the strongest selling season usually lasting through May and June.
With the onset of summer, the market slows. July is often the slowest month for real estate sales due to a strong spring market putting possible upward pressure on interest rates. Also, many prospective homebuyers and their agents take vacations during mid-summer.
Following the summer slowdown, real estate sales activity tends to pick up for a second, although less vigorous, fall market, which usually lasts into November when the market slows again as buyers and sellers turn their attention to the holidays.
If this makes you wonder if you should take your home off the market for the holidays, consider the advice of veteran agents: You are always more likely to sell your house if it is available to show to prospective buyers continuously.
Would discovering the length of time it might take to sell your house help in your planning process?
As Realtor, I can easily obtain information from our Multiple Listing Service (MLS) showing average time on the market from the time a house was listed to when an offer is accepted. Another factor to consider is the time involved between when an offer is accepted and when the transaction actually closes.
We would be happy to schedule a time to provide any information we can that would make the selling of your home a hassle free transaction. Don't hesitate to email or phone us anytime!
Richmond Real Estate - Buy versus Rent!
Nearly a full third of households are still renting...but if you are one of them, you could be paying a hefty price. Additionally, the children of the baby boomer generation are close to or at the home buying age, but these "echo boomers" could mistakenly decide to put off the purchase of a home because of all the noise about a "bubble" in home prices.
Is there a "bubble"? The simple answer is "no". Even if interest rates move a bit higher, it won't be enough to cause a nationwide slide in home prices. The key to a healthy housing market is the job market. If the payment on a new home might be slightly higher due to increased interest rates, it generally won't stop someone from purchasing the home of their dreams...but if they feel their job is in jeopardy, it might be enough to stop them from making a move. So with the currently low levels of unemployment and the beefy gains in job creation, it looks like the housing market will remain vibrant. Although it will be difficult to sustain the double-digit appreciation, perhaps closer to the historical 6-7% range, which is still very good.
It is important to note that housing tends to be localized. So if the job market in your area is weak, housing prices could under perform the rest of the country.
But this talk of a housing bubble has been going on for a few years now, and those who were unfortunately victimized by continuing to rent instead of purchasing a home are painfully mulling over their missed opportunity. But is it too late?
Let's look at an example. If you are paying rent at $1,500 per month and you landlord increases your rent by a modest 5% each year, you would wind up paying just about $100,000 over a 5-year period! Worse, after forking over $100,000, you still would have nothing to show for it.
And speaking of having nothing to show for it-how about any improvements you might make to rented property? It's uncommon for renters the freshen up the pain, install new light fixtures or plant flowers outside, but guess what...all your efforts, labor and the benefit of the improvement belongs to? Your Landlord, not you.
With an extensive variety of programs to help buyers obtain a mortgage with little to even zero down payment, the very same money could have been used towards home ownership. Even using a standard fixed program, a mortgage of $300,000 could be obtained with a total monthly mortgage payment - in property taxes and insurance - of around $2,200. Assuming a 25% tax bracket, this would be equivalent to the average amount spent on renting during the same period after your tax benefit.
And the benefits of home ownership are quite considerable. Because the mortgage is being paid down every month, equity is being built. After 5-years, the $300,000 mortgage would be reduced to $279,000, adding $21,000 to your net worth. Home appreciation can add an even bigger chunk. If your home appreciates a modest 5% per year, the value of a $300,000 would increase to $383,000 after 5-years. Subtracting the remaining mortgage of $279,000 and you have a whopping $104,000 of additional net worth! Even if the appreciation level were at 3.5% or half the historic norm, the result would be $77,000 of additional net worth.
But if laying out the initial increase in monthly payment and having to wait for your tax benefit to show up April is a tough nut to crack, the IRS wants to help. Instead of waiting to file for the tax benefits derived from your new home purchase, you can simply adjust the amount of your withholding. This allows you to have tax withheld from each paycheck so you can handle the new mortgage payment more comfortably throughout the year. In essence, you are taking your tax refund as you go instead of letting Uncle Sam hold it all interest free.
Visit www.irs.gov and use the IRs withholding calculator. This handy tool can quickly show you the change in withholding will do to your net paycheck.
Don't be victimized by the bubble hype. Buying a home is a big step, but it is almost always one in the right direction !
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at www.RichmondVAHomes4Sale.com or www.e-RichmondHomes.com.
Is there a "bubble"? The simple answer is "no". Even if interest rates move a bit higher, it won't be enough to cause a nationwide slide in home prices. The key to a healthy housing market is the job market. If the payment on a new home might be slightly higher due to increased interest rates, it generally won't stop someone from purchasing the home of their dreams...but if they feel their job is in jeopardy, it might be enough to stop them from making a move. So with the currently low levels of unemployment and the beefy gains in job creation, it looks like the housing market will remain vibrant. Although it will be difficult to sustain the double-digit appreciation, perhaps closer to the historical 6-7% range, which is still very good.
It is important to note that housing tends to be localized. So if the job market in your area is weak, housing prices could under perform the rest of the country.
But this talk of a housing bubble has been going on for a few years now, and those who were unfortunately victimized by continuing to rent instead of purchasing a home are painfully mulling over their missed opportunity. But is it too late?
Let's look at an example. If you are paying rent at $1,500 per month and you landlord increases your rent by a modest 5% each year, you would wind up paying just about $100,000 over a 5-year period! Worse, after forking over $100,000, you still would have nothing to show for it.
And speaking of having nothing to show for it-how about any improvements you might make to rented property? It's uncommon for renters the freshen up the pain, install new light fixtures or plant flowers outside, but guess what...all your efforts, labor and the benefit of the improvement belongs to? Your Landlord, not you.
With an extensive variety of programs to help buyers obtain a mortgage with little to even zero down payment, the very same money could have been used towards home ownership. Even using a standard fixed program, a mortgage of $300,000 could be obtained with a total monthly mortgage payment - in property taxes and insurance - of around $2,200. Assuming a 25% tax bracket, this would be equivalent to the average amount spent on renting during the same period after your tax benefit.
And the benefits of home ownership are quite considerable. Because the mortgage is being paid down every month, equity is being built. After 5-years, the $300,000 mortgage would be reduced to $279,000, adding $21,000 to your net worth. Home appreciation can add an even bigger chunk. If your home appreciates a modest 5% per year, the value of a $300,000 would increase to $383,000 after 5-years. Subtracting the remaining mortgage of $279,000 and you have a whopping $104,000 of additional net worth! Even if the appreciation level were at 3.5% or half the historic norm, the result would be $77,000 of additional net worth.
But if laying out the initial increase in monthly payment and having to wait for your tax benefit to show up April is a tough nut to crack, the IRS wants to help. Instead of waiting to file for the tax benefits derived from your new home purchase, you can simply adjust the amount of your withholding. This allows you to have tax withheld from each paycheck so you can handle the new mortgage payment more comfortably throughout the year. In essence, you are taking your tax refund as you go instead of letting Uncle Sam hold it all interest free.
Visit www.irs.gov and use the IRs withholding calculator. This handy tool can quickly show you the change in withholding will do to your net paycheck.
Don't be victimized by the bubble hype. Buying a home is a big step, but it is almost always one in the right direction !
For additional local real estate information, information about me and my services, to request home listings by E-Mail, to request a market analysis on your current home, or to tour the MLS Listings please visit my web sites at www.RichmondVAHomes4Sale.com or www.e-RichmondHomes.com.
Tuesday, February 26, 2008
When's The Right Time To Buy?
A big obstacle to purchasing a new home could be the sale of your existing home. The equity you have built in your current home could serve as a down payment on your next home.
If you currently own a home, I would be happy to provide a market valuation to help you realize the potential gain if you sell your home. All I would need is some basic information about your home to provide you with a price range. I would also be happy to briefly visit your home and provide a more detailed evaluation, if you wish.
If you are a first time buyer, there are several programs that can assist you including a first time buyer 95% loan program that's called "risk-share" or "3% down" program.
The following is an outstanding article by Duan Hymber, distributed by Inman News:
Should I Buy Now Or Wait To Save A Larger Down Payment?Coming up with enough cash for a down payment and closing costs can be a hurdle for many buyers, particularly first-time home buyers. But there are ways you can buy a home without much cash on hand.
For example, there is a new first-time home buyer 95 percent loan program. It's called the risk-share or 2 percent down program, and it lets you get into a house with only 2 percent cash down. The additional 3 percent cash can be a personal loan from your credit union or a relative. This 3 percent personal loan must be a fully-amortized fixed-interest rate loan with a five-year due date. An amortized loan is paid off in full during the term of the loan (five years in this case).
Many first-time buyer programs will only give loans to borrowers whose income is below a certain level. That level is often so low that many first-timers with high incomes can't qualify. One benefit of the 2 percent down program is that it's available to borrowers with annual incomes up to $80,000.
If you have any question about buying or selling property, don't hesitate to call or email Mohamed!
If you currently own a home, I would be happy to provide a market valuation to help you realize the potential gain if you sell your home. All I would need is some basic information about your home to provide you with a price range. I would also be happy to briefly visit your home and provide a more detailed evaluation, if you wish.
If you are a first time buyer, there are several programs that can assist you including a first time buyer 95% loan program that's called "risk-share" or "3% down" program.
The following is an outstanding article by Duan Hymber, distributed by Inman News:
Should I Buy Now Or Wait To Save A Larger Down Payment?Coming up with enough cash for a down payment and closing costs can be a hurdle for many buyers, particularly first-time home buyers. But there are ways you can buy a home without much cash on hand.
For example, there is a new first-time home buyer 95 percent loan program. It's called the risk-share or 2 percent down program, and it lets you get into a house with only 2 percent cash down. The additional 3 percent cash can be a personal loan from your credit union or a relative. This 3 percent personal loan must be a fully-amortized fixed-interest rate loan with a five-year due date. An amortized loan is paid off in full during the term of the loan (five years in this case).
Many first-time buyer programs will only give loans to borrowers whose income is below a certain level. That level is often so low that many first-timers with high incomes can't qualify. One benefit of the 2 percent down program is that it's available to borrowers with annual incomes up to $80,000.
If you have any question about buying or selling property, don't hesitate to call or email Mohamed!
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