TweetSo, whose market is it anyway? Is it a buyer’s market? Or, is it a seller’s market? I’ve been saying it for 4 years now, it’s neither. It’s a bank’s market. This is not to say that banks are coming out rosy in real estate transactions. Many banks are still losing money on individual transactions., even [...]
TweetOctober was none too shabby. Low interest rates are fueling the market right now. It will be interesting to see what happens to the market as banks release more of their foreclosure inventory. The REO properties are coming. The market inventory should increase after the holidays and we could see prices dip to stay competitive. [...]
TweetJust a few days ago, Redfin unveiled it’s newest, latest, greatest thing in real estate – The Scouting Report. The Scouting Report ignited a firestorm in the real estate community almost immediately. What seemed to be designed to help consumers evaluate turned out to have alot of bugs and inaccuracies. Redfin admitted, a day after [...]
TweetI know you’ve heard about the great bed bug infestation that has hit the United States. Well, it looks like it has finally made its way to Fredericksburg. There has been an uptick in bed bug reports to landlords and doctors across the area. The important thing to remember is that bed bugs are not a social [...]
Tweet I’m giving August a thumbs-up, but barely… just barely. Inventory is pretty low, which is actually a good thing as we head into the fall selling season. However, rumor has it that banks are releasing a new wave of REO properties in the next month or two. This should create longer days on market and more months’ inventory. Unfortunately, [...]
TweetI get a ton of emails from all over the United States regarding short sales. In most of the emails I am referred to as a “short sale expert.” I always cringe at this term. “Short sale expert.” BLECH. What is that anyway? I also find it fascinating that any real estate agent would want [...]
TweetYou know what the best feeling in the world is? Giving a deserving cat or dog a forever home! This week Sarahiously Speaking is featuring two animals who have been at the Fredericksburg SPCA for over a year. It’s time these furry friends found a permanent home! Meet Lemoncello! Lemoncello is a 2 [...]
TweetUpdate 08/19/2011 – Ferry Road has been reopened! Work has been completed early and the road is now open to all traffic! This road closure will probably affect more people than one would imagine. Ferry Road will be closed August 16-23. The railroad tracks near the the McDonald’s just feet from the Rt3/ Ferry Road intersection [...]
Tweet Fredericksburg City: 57 days on market – this is 78 days less than in July 2010 Sellers received, on average, 92.5% of their list price when the home sold There is 6.76 months of inventory on the market 17 homes sold in July 2011 – this is the same as July 2010 The most popular price range was $200,000-$299,999. The median sold price was $265,000, compared to $283,250 in July 2010. Financing [...]
TweetI’m sitting in my family room at 8:55pm listening to construction vehicles two blocks away. Some may wonder why I’m listening to construction vehicles at 8:55pm. Well, the City of Fredericksburg has decided that it’s time to dig up the parking lot at the Dorothy Hart Community Center on Canal Street. Having just renovated my [...]
