Thank You.

Today’s my anniversary. My real estate anniversary. Actually, I thought that yesterday was the start of my 13th year in real estate, but DPOR says it’s today, so happy anniversary to me. What does one get themselves for their anniversary? I’m thinking Chipotle. In 2003 when I decided I really wanted to do something different, I had no idea where this career would take me. But what a ride it’s been – from my first closing (to first-time buyers Adam and Michelle who, thanks to Marshall Frank found out at the closing table that it was my first closing) to now owning …

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Why Are Condos So Hard To Finance?

The good news is that they’re not as difficult as they were several years ago. As Carl Spackler would say … A customer wrote in this morning about an investment property they’re looking to buy in Blacksburg. As many parents of students at Virginia Tech and Radford do, they want to buy a place for their kids to live in while they’re here at school, and the relative stability of the New River Valley market has meant that – for the most part – these have been solid investments. It wasn’t always the case, however. A quick back story … …

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When Do Houses Come On The Market?

Seems like, for years now, people continue to demand “sell house fast.” It’s true that, as I write this a few days before Christmas 2016, inventory is down, as it is every year. For instance, if you were looking for a single-family home between $250,000 and $300,000 in Christiansburg right now, you’d have twenty six homes to choose from. In Blacksburg, that number would drop to eleven. This makes sense, of course, as in the last six weeks of the year there are three major holidays, and lots of traveling, but for a buyer who’s ready to buy NOW, it can be frustrating. A …

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The Fed Raises Rates – So Now What?

As expected, the Federal Reserve raised short-term rates today. This is the first such increase they’ve made in a year, and the second in a decade. So what’s it mean for real estate mortgages? The Federal Reserve is the bank of the United States – they regulate monetary policy, and they provide stability within the central banking system. And while an increase in short-term rates might seem to be a bad thing, it’s actually an indication that the Fed sees the US economy in positive terms, and is bringing interest rates up to better mirror inflation. While it’s true that mortgage …

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When’s A Good Time TO Sell A Home?

“Hey Jeremy, when’s a good time to sell my home?” I get this question all the time – twice today, in fact. A few times this week. There are thousands of other Realtors that are going to tell you “now’s a great time to sell a home!”, but you might have noticed that earlier they said “now’s a great time to buy a home!”, too. So which is it? Click Here to check out this property management company that is highly recommended now a days, they will tell you the right thing to do, you can also check out the Bournemouth …

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Find A Christmas Tree In The New River Valley

Thanksgiving is gone, and Christmas is upon us. While we moaned about seeing Christmas displays in August – TOO SOON – the reality is that Christmas is right around the corner. And before you finish the Christmas shopping, it’s time for the Christmas tree to go up. If you’re one of those who likes to be Clark Griswold and chop down your own tree (and really, is there any other way?), here’s a list of Christmas tree farms throughout the New River Valley. Idyllwood Farms, Blacksburg – technically not a cut-your-own, but still a recognizable location that’s been serving the New River …

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How To Prepare Your Home For Winter

Winter is here in the New River Valley! Well, almost, but it’s never too soon to start prepping your home for winter. Best custom bed linens for heating needs this coming winter, oil delivery Hamilton NJ will be there to keep your family nice and warm. While we’re hunkered down through the winter months, remember that your home is exposed to the elements all that time, keeping you safe and warm. And there are certain things you should do now to ensure that all continues to be safe and comfortable. Looking for your next home this winter? Start your custom …

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Lawrence Yun’s Opinion on a Trump Presidency and Real Estate

As a follow-up to last week’s post about what a Trump presidency will mean for mortgage rates, I wanted to come back to this with a post by Lawrence Yun on Forbes.com. Lawrence is the Chief Economist for the National Association of Realtors, and a man infinitely more qualified than I to pontificate about all of this. But it’s my blog, and I can use the word pontificate here. Read Lawrence’s opinion here. It’s long, but good. If you want the bullet points: There will be a short-term stimulus. The trade deficit will rise. The stock market will gyrate. (now I …

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What Does A Trump Presidency Mean For Mortgage Rates?

Tap tap tap. Is this thing on? It’s been a long time since I blogged with any regularity at all, but today seemed an appropriate day to dust things off and get back into the saddle. I was speaking to a group yesterday and was asked about the blog, where I was reminded that it had been far too long since I had done this blogging thing. So … let’s get back to this, shall we? Now’s as good a time as any. There was a relatively significant event in the United States yesterday, one in which hundreds of millions of …

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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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