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 – …

Read more

10-Year Growth Report in Blacksburg

Dusting off the blog a bit … been a while since I’ve posted here. The title of this post … snooze, right? But I promise it’s a little more interesting than that. On Tuesday, I had the opportunity to speak with Bethany Teague, of WSLS, about a report the Town of Blacksburg had released earlier in the day. The report discussed how property values in Blacksburg – as well as in Montgomery County – had increased over the last decade, and highlighted some of the developments that have contributed the most to the Town’s tax base over that time. The fact that …

Read more

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 …

Read more

What’s the Blacksburg Real Estate Market Doing?

Since January 1, it seems, real estate agents in Blacksburg seem to have been saying – to each other, to their clients, to anyone – what IS going on in the Blacksburg real estate market? Historically we follow a traditional bell curve, borrowing at simple loans for good financing and with more properties starting to come on the market in Mach, climbing to a high around May/June/July, and then falling to yearly lows in November and December … only to do it all again the following year. That’s what it’s USUALLY like. But 2016 hasn’t been usual, it seems, so this …

Read more

Rocket Mortgage, from Quicken

If you watched the Super Bowl Super Bowl commercials, you might have seen an ad for Rocket Mortgage, Quicken’s new loan product that promises a mortgage loan from onqfinancial.com with just a click of a button. Is getting a home loan really that simple? Our clients can spend days or weeks compiling all of the necessary documents a lender will need just go get a preapproval – then you have the appraisal that needs to be done, the loan needs to get funded, and new guidelines established in 2015 mean that everything has to be prepared and off to the …

Read more

Home Buying and Heavy Rain – A Perfect Marriage

This has become a bit of an evergreen post for the blog, one I keep going back to again and again, but it’s held up well over the last nearly five years, and it’s accurate for a day like today – where it’s rained, non-stop, in the New River Valley, all day. On days like today, when the temps have dropped and the rain continues to fall, all you want to do is … well, nothing. But seeing houses on a today like today can, in many cases, answer that most important of questions – “does this basement get wet?” …

Read more

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 …

Read more

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.

Read more

Buying A Home? Here’s What The Process Looks Like.

Last night, I had new clients in the office, and we were talking about the process of buying their first home might look like. They had done some research on the internet, but as with anything on the web, there was a lot of misinformation to wade through, as well. We were joking that I needed a video of the process, and lo and behold I happen to have one of those! I wanted to explain whether you should be too worried about the pricing and details, orsilly stuffs like if they have the best shower head in the bathroom! Cheesy …

Read more