Ah, the offer letter when buying a home. Does it work? It depends.
Dusting off the blog machine (again) after a conversation last week with my friend Jim Duncan in Charlottesville. Jim’s blog was one of the first blogs I started to follow when I kicked things off here at NRVLiving.com, and while I’ve fallen off the wagon a time or three, he’s kept on going. In fact, I think he writes a few different sites, somehow.
- Nationally, we’re in the midst of the longest sustained GDP growth in the history of the country. In the midst of that growth, we’re seeing job growth slow, which suggests something is going on.
- Virginia has traditionally weathered recessions better than the rest of the country, in large part because of the federal government’s influence. Even in a recession, the federal government likes to spend money.
- Unemployment in Virginia is 2.9%, compared to 4% nationally
- Lisa explained that while this seems like a good thing, it’s not. We don’t have enough unemployed persons in the state to add jobs, and as you’ll see later we don’t have the housing inventory for people even when they move in from other states, so we’re in a sort of a stall there.
So there are a number of positives going on:
Ah, Zillow. Say the word in a crowded room full of Realtors and you’ll hear boos and hisses, as well as a few things you might not want your grandmother to hear. But the fact is, Zillow is getting some things right, and consumers are using the site. So what are we, as an industry, fighting them for? That’s a post for another day, and one I don’t think I’m ready to write – yet. I don’t hate Zillow. I like the site. Used it yesterday for personal research, in fact. It’s slick, easy to use, and has a ton of information.
Last month I wrote “Ten Things To Know About A Well in the New River Valley”, and just this afternoon received notice that the Virginia Department of Health just last week posted a video entitled What To Know When Buying A Home with a Well and Septic System in Virginia. You can see that video below – even more timely as I had, just minutes before, met with new buyers and we’d talked about buying homes with a well and/or septic system. Thanks, VDH!
You’ll remember your first homebuying experience, I guarantee it. When you’re looking to buy your first home, it’s easy to feel like you’re in a rush. A rush to get pre-approved, meet a realtor, and look at homes. And the process in all likelihood will be a little hectic. Sometimes you need to strike at the right time and that might mean some decision-making. A GOOD agent will take what is admittedly a stressful process and help make it less stressful – we can talk about some ways to do that. A bad agent? A bad agent will make you want to never buy a house again. And that’s sad.
If you haven’t heard yet, chances are, you will: backyard chickens are now allowed in Blacksburg. A committed contingent has lobbied for years and is finally seeing an ordinance passed, Ordinance 1888.