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I have listed the number of homes currently listed for sale in the following communities as well as the current price ranges . These figures are as of October 2007. If you would like sales statistics for any neighbor hood in Hampton Roads to include Williamsburg, James City County, York County, New Kent, Hampton, Newport News, Poquoson, Isle of Wight, Suffolk, CHesapeake, Va Beach, Norfolk or Chesapaeake. I can send you a report that will show listed price and sales price, days on the market and other relevant information. This can give you a better feel for the market if you (0 comments)
In a market with so much inventory (absorption rates on the Virginia Peninsula are currently at 6.3 months), how does a seller differentiate their listing from everyone else's? I recommend that sellers think of their property as a product; just like a product on the shelf in the grocery store. Buyers don't care how much you paid for it, or what your new home is going to cost; instead, they are going to make their purchase based solely on comparison. Is your house the BEST VALUE for the money, compared to the other houses that are available?The first differentiator is PRICE. (0 comments)
williamsburg: Mr Williamsburg.com Should I hire a realtor to sell my home ? - 11/09/07 08:09 AM
Very, very few people are qualified to sell their home without the help of a real estate professional. And, unfortunately, many people who believe they are saving money... aren't. In fact, they may be surprised at just how much it's costing them to go it alone. Here are some of the reasons that a professional Realtor is invaluable: 1) Pricing in this market is tricky. Setting a price on your home takes an insightful analysis of not only past sales, but current pending sales. Many for sale by owners are actually over pricing their properties right now, because they don't have (0 comments)
In 1984, interest rates were 14%, and the market was much different than it is today. I've attached a chart ( courtesy of Mortgage X.com) that displays rates over the past 37 years, because it really helps to put our current market into perspective. I'd also like to share some insights that were posted on a mortgage banking blog that I follow, which I found very interesting! Out of the past 442 months, which dates back to the beginning of 1971 or almost 37 years, there have only been 69 months where the average 30 Year Fixed Mortgage has been offered at less (0 comments)
williamsburg: Mr Williamsburg.com New Town is growing in Williamsburg VA - 08/22/07 08:07 AM
New Town has 200 households From an article in The Va Gazette By Susan Robertson | JAMES CITY -- People from all walks of life are moving to New Town.Out-of-towners looking for a place are buying in. Graduate students from the College of William & Mary are renting apartments. It's really a mixed bag.The slowdown in housing hasn't hit here. Nearly 200 residential units, including apartments, townhomes and condos, are complete. Hundreds more are on the way. Townhomes and condos range $200,000-$500,000 and more. The first units were sold before they were even completed.The pace has slowed slightly according to officials. That's interpreted as (0 comments)
John Womeldorf REALTOR Mr Williamsburg.com ABR, E-Pro
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.