Category: Christiansburg

Blacksburg-Christiansburg-Radford MSA Among The Safest

I’m admittedly a week or so behind on this news, but it’s relevant nonetheless. Earlier this month, Farmers Insurance named the Blacksburg-Christiansburg-Radford Metropolitan Statistical Area one of the safest places in the country. The MSA, named the 7th safest place to live among small towns (population < 150,000 people), has been on the list before, showing stability throughout the region. What’s it mean for real estate? The impact is pretty simple, people want to live where they feel they and their family can be safe – that’s a no-brainer. Demand drives value, and the area’s housing inventory benefits. Search for …

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Christmas Lights in the New River Valley 2013

Christmas season is upon us, and one of the things I really look forward to is going out to look at all the houses decorated in lights, most of them have professionals put them up, and they always do an amazing job. If you’re looking for a Colorado Christmas Light Installation professional, I would definitely recommend them . In years past, we’ve done the Christmas Map, where I’ve highlighted all of the houses I found that had some really great decorations – both elegant AND gaudy (oh admit it, you like the gaudy ones too). This year, I’m behind in …

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Part Three – What Is A HUD-1?

Welcome to “What Is A HUD-1?”, a four-part series breaking down the settlement statement that’s used in a real estate transaction. The settlement statement, also known as the HUD-1, is your receipt – it’s an itemization of every penny associated with the sale or purchase, so if it’s money-related then it’ll be shown on the HUD-1. Each party (buyer and seller) or signatory will sign multiple copies of the HUD-1. A quick note – HUD, which is short for the US Department of Housing and Urban Development, is a department in the federal government that oversees, among other things, housing, …

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Bears in the New River Valley

Today, a friend posted on Twitter that his neighbor had just seen a black bear in their Blacksburg neighborhood:   Oh come on, you wouldn’t have made a bear joke? All kidding aside, I know where @themannix lives, and while it’s not right in the heart of Blacksburg, it’s still within Town limits. Sort of surprising to think that there’d be a bear crossing the street in the middle of the day. The Town of Blacksburg immediately – awesome job at listening, guys and gals – replied and posted this link. Bears aren’t to be messed with, and it’s important …

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Interstate 81-Southbound Closed

Just a quick hit … If you haven’t already heard, Interstate-81 will be closed in the southbound lanes beginning today, as crews try to repair the unstable slope. Lanes will be detoured beginning at Dixie Caverns, exit 132. Guess all that blasting has terra firma not so firma. <ba-da BOOM> The construction through there has been bad enough for the last, oh, two years or so, and this is going to be nasty over the Labor Day weekend. I feel for those folks who live in the Shawsville/Elliston areas … the increased traffic through there is going to be brutal. Photo credit.

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New River Valley Best at Adding Jobs

I’m late to this information – like, TWO MONTHS late – but that’s okay … the news as it relates to jobs in the Blacksburg/Christiansburg/Radford area is still good. As announced December 21st on MSN Money, the Blacksburg/Christiansburg/Radford area of Virginia was the number two ranked city (Blacksburg and Christiansburg are both towns, but you get the idea) in the country for adding jobs in 2012. Let that sink in – more jobs were created, by percentage increase, in only one place elsewhere in the country than the New River Valley, which saw a 7.17% increase in 2012. Think the Roanoke-Blacksburg …

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Home Modification Grants Available in the New River Valley

Home modification grants, designed to make “aging in place” easier than every before, are now available in the New River Valley. I’m told that Roanoke just had the same grant, and did $900000 (that’s HUNDRED THOUSAND) worth of work last year. Designed to be forgivable grants of up to $15000, they’ll help make homes in the NRV more accessible and/or energy-efficient. The only limiting qualification is an income requirement, which are listed below. There are other stipulations, found at this link, but everything is pretty typical for a program like this.   Essentially, eligible households can receive up to $12000, …

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New River Valley Real Estate Taxes

Several inquiries recently have asked about property taxes in the New River Valley, so I thought this would be an appropriate repost. Ah, taxes; and real estate taxes have certainly been a part of the discussion in Montgomery County lately (see here and here). If you’re going to own a home, however, they’re a part of the equation when making your mortgage payment every month.  These amounts will vary from locality to locality, and in some cases a municipality will have TWO rates – one rate will be for the City or Town, and the other rate will be for …

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Live Where You Love – New River Valley

Today is Valentine’s Day, so it seems appropriate to post our latest in the Live Where You Love series … this one for the New River Valley. I love these videos – I just think they do such a great job of capturing some of the unique spirit of the New River Valley. We’ll have more coming out in the future, so stay tuned … in the meantime, maybe you’re interested in the Virginia Tech video, or the Blacksburg one? Live where you love … we do.

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The 2012 New River Valley Real Estate Market

Breathe. We’re not calling the end of any real estate troubles here in the New River Valley, but we’re continuing to see the trends we want to see that indicate a healthier real estate market. Slow and steady has been the mantra for some time now, and we will continue that into 2013. But after a year of studying the numbers here in the NRV, we think real estate is poised to do some positive things. Consider that for the year, we saw a: 4.38% increase in median sales prices 19.10% decrease in year-end months of inventory (and down 38% from …

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