Richmond, VA Real Estate News

By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
New Construction Homebuyer Real Estate RebateOver 90% of home buyers in Virginia do research on the internet before making their first home purchase. Many of these buyers find the home they want to buy online and then hire an agent who charges them full price. A real estate rebate is a great way for buyers to maximize their purchasing power. When you receive a real estate rebate, you effectively pay less (thousands less) for the property than a buyer who does not receive a home buyer rebate. The truth is, you don’t have to sacrifice service to get a great value.We offer a superior level of full service buyer representation:1. We are happy to show you homes Monday though Sunday.2. Helping you decide how much to offer on the home you want.3. Write and structure your offer to maximize the ...
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By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
New Construction Real Estate RebateOver 90% of home buyers in Virginia do research on the internet before making their first home purchase. Many of these buyers find the home they want to buy online and then hire an agent who charges them full price. A real estate rebate is a great way for buyers to maximize their purchasing power. When you receive a real estate rebate, you effectively pay less (thousands less) for the property than a buyer who does not receive a home buyer rebate. The truth is, you don’t have to sacrifice service to get a great value.We offer a superior level of full service buyer representation:1. We are happy to show you homes Monday though Sunday.2. Helping you decide how much to offer on the home you want.3. Write and structure your offer to maximize the chances th...
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By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
Homebuyer Real Estate RebateOver 90% of home buyers in Virginia do research on the internet before making their first home purchase. Many of these buyers find the home they want to buy online and then hire an agent who charges them full price. A real estate rebate is a great way for buyers to maximize their purchasing power. When you receive a real estate rebate, you effectively pay less (thousands less) for the property than a buyer who does not receive a home buyer rebate. The truth is, you don’t have to sacrifice service to get a great value.We offer a superior level of full service buyer representation:1. We are happy to show you homes Monday though Sunday.2. Helping you decide how much to offer on the home you want.3. Write and structure your offer to maximize the chances that it w...
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By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
Home Buyer RebateOver 90% of home buyers in Virginia do research on the internet before making their first home purchase. Many of these buyers find the home they want to buy online and then hire an agent who charges them full price. A real estate rebate is a great way for buyers to maximize their purchasing power. When you receive a real estate rebate, you effectively pay less (thousands less) for the property than a buyer who does not receive a home buyer rebate. The truth is, you don’t have to sacrifice service to get a great value.We offer a superior level of full service buyer representation:1. We are happy to show you homes Monday though Sunday.2. Helping you decide how much to offer on the home you want.3. Write and structure your offer to maximize the chances that it will be acce...
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By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
Realtor Real Estate RebateOver 90% of home buyers in Virginia do research on the internet before making their first home purchase. Many of these buyers find the home they want to buy online and then hire an agent who charges them full price. A real estate rebate is a great way for buyers to maximize their purchasing power. When you receive a real estate rebate, you effectively pay less (thousands less) for the property than a buyer who does not receive a home buyer rebate. The truth is, you don’t have to sacrifice service to get a great value.We offer a superior level of full service buyer representation:1. We are happy to show you homes Monday though Sunday.2. Helping you decide how much to offer on the home you want.3. Write and structure your offer to maximize the chances that it wil...
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By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
Your Home SOLD in 7 Days or Less GUARANTEED, or We Will Sell It For FREE!That's right, no commission...even after it's sold!We're so confident in our decades of experience that we can sell any home in any market within 7 days. If we can't, we'll still sell it and you don't pay our commission.To discuss the sale of your home with The Marcus Rice Team call 804-935-8519 today!The single biggest issue on most home sellers' minds is how to achieve the highest sale price possible in the least amount of time. And yet most homeowners feel disadvantaged and ill-equipped to achieve this goal and many do not trust an Agent to get at least 100% of Market Value either. Pricing a home is an imperfect science to begin with, and market factors can cause large swings. So can the skill of the person resp...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
If your property assessment is too high it is not a good thing. Considering that the amount of real estate taxes you pay is based solely upon what the assessor’s office determines as the worth of your home, a high assessment equates to higher taxes and who needs that? If you feel that your home has been over appraised than there are some steps you can take to have the assessed value lowered.  The first thing you can try is to record the addresses of other homes in your area that are similar in style, age and size to your property. You can then visit the website of your local assessor’s office to find out the appraised value of those particular properties. Be sure to pay extra attention to the assessed value per square foot of each of the homes. You can figure this out by simply dividin...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
Many of us have learned the perils of owning too many credit cards. The temptation to simply “charge it” when we want something and don’t want to wait to get it is simply too great for many. It’s an easy trap to fall into and millions of Americans struggle with this type of debt every day.  But does that mean that owning credit cards is a bad thing? Actually, not at all. Having credit at your disposal when you really need it can be a godsend and properly managed credit is very useful. Without it most of us could never afford to buy a home, car or other expensive item. Having a credit card for emergencies is something that everyone should consider but how much is too much?  There is a man that lives in Santa Clara, California that believes there is no such thing as too many credit cards...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
If you travel for business or pleasure than you just might find the future of plane designs to be a nice change.  Boeing has announced some very futuristic designs that they intend to implement in their new planes that will make flying a very different experience indeed.  To begin with the entire ceiling of the aircraft will be one big projection screen! It could be a starry sky at night or a beautiful blue sky during the perfect summer day. Either way it’s sure to provide the plane with an “open” feel never before available to passengers. If you are one of those people that feel a bit claustrophobic on an airplane this should make you feel much more comfortable and less restricted. Future Boeing aircraft will also provide what is being described as “mood lighting” in order to make tra...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
To begin, let’s first define exactly what we mean when we say we are “too busy”. For me, too busy means that someone is spending a lot of time doing things they must do instead of things that they want to do. Would you agree with that? No one says that they are too busy watching the super bowl or sitting on the beach in Hawaii, right? We are too busy when we don’t have the time to enjoy ourselves.  Knowing that, did you ever notice that people that enjoy their work never say that they are too busy? It’s because their work is not work to them, it is a passion and they love doing it. That is what separates those of us with a “full schedule” from those of us that are “too busy”. Choosing the right profession and enjoying what you do to make a living is probably one of the most important d...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
Can you believe it? Gas for less than a buck right here in the good ole’ U.S.A.! It’s a fact. According to GasBuddy last Sunday in Houghton Lake, Michigan there was a big battle raging. Not one with bullets and missiles but a price war that had everybody scrambling for the car keys!  It lasted for less than one day but during that time residents reporting seeing prices at various gas stations at 95 cents, 78 cents and incredibly 47 cents a gallon. As you can well imagine the mad rush to fill up the tank created quite a stir and as a result police were called in to help direct traffic. Later the same day gas prices rose back up to an average of about $1.50 per gallon but a lot of happy motorists filled their tanks to the top with a smile on their face.  Across the nation the average las...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
As you are no doubt aware of by now, the largest lottery jackpot in history was divided amongst 3 winners recently. How much did they win? Well, the total California Powerball jackpot was worth $1.586 billion. Roughly speaking that’s about $528 million per winner. I can’t even imagine having that much money! The thought of finding one’s self with so much money at one time is an intriguing thought to say the least and I wonder how much my life would change if I was one of those 3 people? I love what I do and can’t imagine retiring so I think that I would continue to work. Sure, everybody says that but eventually they all quit their jobs for a life of leisure, right? But what would I do? What would you do? I suppose it’s all fun and games when you first receive the money. You can buy the...
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By Marcus Rice, Your Richmond & Virginia Beach Area Realtor
(Equity First Realty )
Homebuyer Receives $3,907.44 Rebate CheckGet a cash back real estate rebate when buying your home. Recently Equity First Realty was proud to give another cash back rebate check to Mr. Lin and his family. This homebuyer took advantage of the Equity First Realty Cashback Rebate Program on a house he purchased in Mechanicsville, VA. Since he decided to build a new home he qualified for our 1.5% New Construction Home Buyer Rebate Program.  Want more money in your pocket for closing? How about being able to afford a bigger/nicer Virginia home? You can with Equity First Realty! Now Equity First Realty Gives YOU Cash Back Buyer Rebates at Closing.Buyer rebates give you cash back at closing. If you have ever wondered how cash back rebates work for real estate? Here is the inside scoop…When real...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey the first week of January has been a great one for the housing industry. As compared to the previous week applications for mortgages increased dramatically at 76% and were 19% higher than the same week 1 year ago. Homeowners seeking to refinance their homes also jumped an additional 24%. All of these figures seem to indicate that the housing market is off to a great start in 2016.  According to Lynn Fisher, MBA’s vice president of research and economics, “MBA’s purchase mortgage application index reached its second highest level since May 2010 on a seasonally adjusted basis last week, second only to the week prior to the implementation of the Know Before You Owe rules. Bolstered by strong fourth q...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
We’ve all seen it many times before. Pictures of a home for sale that looks like it was recently hit by a force 5 hurricane! Perhaps you may have thought to yourself “THAT home is never going to sell”, but you just might be wrong.  The truth is that the real estate market is alive with investors that are looking for just such a home. There’s plenty of opportunity in any home for sale provided that the price is fair for what the condition of the property is at that time. There are countless “diamonds in the rough” in the real estate universe and experienced investors know exactly what they need to make a future profit. While the average home seeker is looking for the perfect home for their family the investor is looking for something that can be turned into someone else’s dream home. In...
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By Shane Lott
(Lott Realty Group at Rashkind Saunders & Co.)
2015 Museum District Real Estate Sales ReportGoodbye 2015 and hello 2016!  It seems odd that as I'm cuddling up next to my toasty warm radiator, I'm already preparing for the spring real estate market.  But it's coming ... and likely sooner that than the blooming tulips.But as we march forward through winter, I think it's always important to know where you've been ... to really know where you are going. This seems to be even more important in real estate. So for all those owners (and lovers) of Museum District real estate, here's what happened in the Museum District market (for single family homes) in 2015 and Q4:    Q4 2015 2015 Number of Homes Sold 15 62 Average Sales Price $398,047 $374,572 Average Price Per SF $201 $200 Average Sale to List Price 98% 100.2% Average Size 2,010 1,930 ...
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By Shane Lott
(Lott Realty Group at Rashkind Saunders & Co.)
Well folks ... 2015 is a wrap!  We are well into 2016 and, oddly enough, getting prepared for the spring real estate market, which is just around the corner.  But as we march forward through winter, I think it's always important to know where you've been ... to really know where you are going. This seems to be even more important in real estate. So for all those owners and lovers of Fan real estate, here's how what happened in the Fan real estate market (for single family homes) in 2015. As most of you know, I normally do quarterly updates, so I've also included 4th quarter stats.    Q4 2015 2015 Number of Homes Sold 26 116 Average Sales Price $541,460 $564,782 Average Price Per SF $199 $207 Average Sale to List Price 99.3% 98.4% Average Size 2,718 SF 2,730 SF Average DOM 43 41 Highest ...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
I thought this story was awesome and I wanted to share it with anyone that may not have already heard about it on the news. Silvia Hernandez and Raul Torres are the proud new parents of identical triplet girls! How awesome is that? Catalina, Ximena and Scarlett were born at Corpus Christi Medical Center this past Saturday and the odds of that happening are about a million to one! The pregnancy lasted just under 34 weeks and each of the babies weigh 4 lbs., 11 oz.  Although the triplets appear to be in generally good health there is one serious complication; two of the babies (Ximena and Scarlett) are conjoined at the hip. They were transferred to Driscoll Children's Hospital in Corpus Christi and have already undergone surgery to ensure that their essential body fluids are not blocked ...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
As an industry professional you already know that the slightest change in an interest rate can make a big difference to home seekers. As an example, a 30 year fixed rate mortgage of $150,000 at a 4% rate would equate to a monthly payment of $1,028.62 (P&I only) but the same loan at 5% would amount to $1,117.73 a month. That’s a difference of $89.11 a month for 30 years! The new homeowner would end up paying an additional $32,079.60 over the life of the loan and just imagine how much that would be if it were in an interest bearing account for the same period of time. This is the reason that home buyers are always so interested (or should be) in obtaining the lowest rate when financing their new home. One of the problems that can occur to someone that is trying to qualify for a home loan...
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By Valorie L. Easter, Valorie Easter & Co, Charlottesville/Albemarle Rea
(eXp Realty)
Obviously the reason that most people, no, ALL people write a blog is to bring attention to themselves. It may be for business or for personal reasons but no one writes a blog in hopes that no one will read it, right? So, if you are writing your blog to be noticed for business purposes where do you draw the line between ethical and not so ethical?  Well, first of all it should go without saying that lying or exaggerating the truth for financial gain is the worst thing that you could ever do. These types of business practices can often be effective for a short period of time but eventually your readers will catch on and in the end you will be right back where you started, actually, worse. In any business reputation is the most important asset that you will ever own and if you ruin this ...
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