Category: Home Selling

Part Four – 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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Using Aerial Videography To Showcase A Home

Anyone who sells anything is always looking at finding new ways of reaching their target audience, or showcasing their product(s) in new, eye-catching ways. The real estate industry is no different. In fact, we might lead the charge for most ridiculous ways of showcasing a home – or even ourselves. And video has been at the heart of much of the talk in my industry over the last couple of years … more and more we’re seeing agents using video to showcase their listings, they simply get a led video curtain and run the video. There are plenty of examples …

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Part One – 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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10 Steps To A Great Home Inspection

Preface – this post is a result of an infographic my friend Leigh Brown, a FANTASTIC real estate agent in Concord NC, put together and shared with me. This is a repost of her “Top 10 Ways To Get a Cleaner Home Inspection”.   According to Squeaky Clean services, you’ve taken the time to stage the house, do the same to get it ready for the home inspection. Some houston home inspectors said there are three things to keep in mind, make sure (1) everything is accessible, (2) that the little stuff is fixed in advance, and (3) to RELAX …

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Get Your Photos Before The Weather Turns

This is a repost from August of 2012 … Like it or not, the season here in the New River Valley is getting ready to change from summer to fall, and then winter. Like death and taxes, the seasons here in Blacksburg are guaranteed. While it’s hard to think about winter when it’s nearly 90 degrees outside, try. It’s likely your house looks much better with green grass, full leaves, and colorful flowers than it does with gray cloudy skies, scraggly trees, and patches of snow on the ground … maybe I’m wrong, maybe your house is different, but I …

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Perspective Is Everything

This was sent to me by two separate people today – including our real estate photographer – with the caption “perspective is everything”. Reminds me of how people talk about how photos of houses can be deceiving – “wow, no wonder they didn’t show that whole room – it’s missing the floor!”. You can see the image here, as well.

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What’s the Luxury Market Like In Radford, VA?

Last week I was at a conference, and the question was asked by a presenter “what’s the luxury market in your area?” I had an idea, but it was simply based on a gut feeling, and not rooted in stats. So, Alma helped me pulled the numbers for 2012 YTD in Radford VA, which you’ll find below. For disclosure, we looked at the top 10% of sales in the market, and are considering the “luxury” component to be the least expensive home in the top 10% of sales in Radford. In Radford VA in 2012, the luxury real estate market …

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Selling A Home This Fall Or Winter? Take Your Photos Now.

Like it or not, the season here in the New River Valley is getting ready to change from summer to fall, and then winter. Like death and taxes, the seasons here in Blacksburg are guaranteed. While it’s hard to think about winter when it’s nearly 90 degrees outside, try. It’s likely your house looks much better with green grass, full leaves, and colorful flowers than it does with gray cloudy skies, scraggly trees, and patches of snow on the ground … maybe I’m wrong, maybe your house is different, but I doubt it … the vast majority of homes fall …

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There Simply Isn’t a 3.8% Real Estate Tax

It’s been written here before. It’s simple, really – don’t make more than $200,000 (or $250,000 if you’re filing jointly).  But since you shouldn’t be restricted to how much you make – and if you make that much, congratulations! – here’s the deal. Remember that little health care debate that raged in 2010?  Part of that bill had a provision that applied a 3.8% tax on unearned income for high-income taxpayers; that  tax has been mistakingly labeled as a real estate transfer tax, and it’s simply not true.  The truth is: If your total income for 2013 is less than …

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The Roanoke Times – Rise in Real Estate Activity

The New River Valley real estate market is shifting – no doubt about that – and buyers and sellers will need to adjust. We still have some challenges, but things are improving. Sarah Cox of The Roanoke Times wrote about it in this past Sunday’s real estate section. _______________ Agents report rise in activity – Sarah Cox, The Roanoke Times, 6/10/12 Several New River Valley REALTORS say consumer confidence is growing Representatives of the National Association of REALTORS announced at the end of April their belief that the beginning of a recovery in the U.S. housing market is evident. Sales …

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