Category: General Real Estate

Brexit – What’s It Mean For New River Valley Real Estate?

BREXIT. By now you’ve likely heard that British voters have voted, in an historic referendum, to exit (or British exit = Brexit) the European Union. British Prime Minister David Cameron will resign later this year as a result, and the value of the British pound has fallen to some of the lowest levels since 1985. And, befitting a headline you’d expect to read on The Onion, The Washington Post reports this. Regardless of whether or not Brexit is good or bad for the UK, EU, or the world, the United Kingdom is a long way away from the New River Valley – …

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That Rental Amount Seem Too Good To Be True? It Probably Is.

I’ve written about Craigslist scams and rental properties before, but it seems that it’s hit someone here locally again, according to this article, by Travis Williams. Thankfully, it seems that the seller’s weren’t harmed any more than just unnerved, but it brings up a good point – for both renters and homeowners. If you own a home, set up a Google Alert for your address and/or keywords, so that you’ll be notified when your listing gets “scraped” by these idiots. They’ll find your listing online, then repost it with the same language, even the same photos, and usually an absurd maintenance on your …

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What Does The Future of Real Estate Look Like?

Last night, I attended a speech given by Robert Scoble, and hosted by Rackspace. Robert is “a futurist” – he looks at what’s coming, or what’s possible to create – and talks about real-world application. At least that’s my interpretation. He explains lots of ideas of his, like what is telekinesis and many more. Blacksburg and the New River Valley has an incredible startup community that, while still in its infancy, is really, really exploding – there are some tremendous companies that have based themselves here doing some really incredible work. Autonomous vehicles, virtual reality, DNA study … really, really …

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Thinking of Remodeling Your Home?

Thinking of remodeling? Before you start going all HGTV on the place, think about what really makes the most sense for your return. And the folks at NAR Research have to put together an incredibly handy look at remodeling projects – including what the Top 20 remodeling projects have been, how happy homeowners (and their future buyers) have been with the work, and what you might expect as a Return on Investment. Hint – there are few 100% ROI projects. Click here for the 2015 Remodeling Impact Report.

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New River Valley Real Estate Taxes

Taxes – if you own a home, you’ll always have real estate taxes to pay. And while real estate taxes in the New River Valley are relatively low compared to other areas of the country, no one likes to pay them. 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 the appropriate County. Feel free to use the phone numbers …

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Should I Sell My Home As A “Pocket Listing”?

A client of mine is always on the lookout for properties for sale. Although she is not ready to buy yet, she likes to see what options are out there for her, and she’s always checking out the available inventory. Recently she was driving through a very desirable neighborhood and saw a higher-end home for sale. Curious, she checked the local listings on Realtor.com, Zillow.com, and the website of the Realtor advertised as the listing agent but did not see the listing. After several days of looking, she contacted me and asked about why a Realtor would not list a …

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Are There More Termites This Year?

The short answer? Yes. it seems like, this year, we are seeing more and more pest inspections come back with evidence of active termite infestation, the bee exterminator cincinnati has reported many cases of infestations. On the surface, that’s not necessarily a big deal, but left untreated, the little buggers can wreak havoc on a structure, and one of the main contingencies of every real estate transaction is an inspection to make sure that there are no active termites (or other critters) at the property. Earlier today, at the pest inspection of a home, I asked our friend who works at Neighborly Pest …

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What’s The Most Expensive House On The Market Right Now?

I get asked all the time, “what’s the most expensive house on the market in the New River Valley right now?”. As of a couple of months ago, it was a nice Victorian in Christiansburg, on the market for the “bargain” price of $2,000,000. That house has since lost the title, however, when the West Wind Farm came on the market. Listed by RE/Max First-Christiansburg, the home includes a vineyard and winery, set on 100 acres, in Max Meadows, VA. From the listing description: West Wind Farm-Vineyard & Winery is an award-winning Virginia vineyard and winery producing quality certified label wines. …

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Why I Want To Work With Vendors I Know

Local. It’s all the rage these days – local food, local business, local anesthesia. Okay, so that last one doesn’t apply, but you get the point. Heck – even Blacksburg has gotten into the act.Looking through the lens of supporting local business, or eating locally grown food, it’s easy to see why local is important. But when I recommend wanting my clients to work with local vendors – folks like home inspectors, or lenders – I’m not doing so because it’s the catchy thing to do. I’m doing so because it matters to getting things done. An example: Recently, we …

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