A-May-zing Homes

Virginia Motorsports Park: A lot to see and do for the Motorsports Lover

Michael May (Harris & Associates) — Mon, 29 Jun 2009 06:49:21 -0500

Virginia Motorsports Park, located in Dinwiddie County Virginia, offers outdoor recreation to those who love motor sports. Whether you have a passion for drag racing, love to see the vehicles getting down and dirty mud bogging, enjoy watching the bikes with motocross, like the power of the truck and tractor pull or want a more hands on approve to get in touch with nature on the ATV trails, Virginia Motorsports Park has something for all to enjoy.

Need to know the upcoming events for July? Just take a look. July 3rd is Friday Night Street Wars. “Street Wars is the perfect opportunity for the adrenaline junky, the occasional speed freak, or the beginner to take their car down the quarter mile. Street Wars is run on Friday nights and offers everyone an opportunity to test their skills on the dragstrip. Whether you want to run your parents station wagon, your brand new car, a restored hot rod, or grudge race your buddy for local bragging rights, VMP's Street Wars is the place for you. Take it off the street and put it on the strip every Friday night at Virginia Motorsports Park”, says the Virginia Motorsports Park website.

Friday July 17th is also another Friday Night Street Wars, Street Boss and Cruise In. If you want to participate in Friday night street wars the schedule is as follows: Gates open at 5 pm, racing begins at 6 pm, Street Boss Qualifying is at 7 pm with the track being secured at 11 pm. The cost to attend for participators are Street Racer $17, Test & Tune $30 and Street Boss $40. Not into the speed but enjoy watching? The price for spectators in $12 with kids 12 and under free with a paid adult admission.

July 11 and 12, the Virginia Motorsports Park is home to the Virginia Mid-Summer Bike Bash. Spectators Pricing is as follows: Advanced (1 Day) $15, Advanced (2 Day) $25, 1 Day Spectator $20, 2 Day Spectator $30 and Children 12 & Under. Some of the activities may not be suitable for all spectators. Some family friendly activities include Jason Britton, the host of Super Bikes, Larry ‘Spider Man’ McBride, a Huge Bike Show in July 11th with a Bangin’ Car and Truck Show on July 12th, Stunt Warz will be going on both days, and so much more that it can’t be listed here. For a complete schedule of events, visit the event web page at http://www.virginiamotorsportspk.com/drag/VAMidsummerBikeBash.aspx .

Saturday July 18th is the North vs. South Summertime Boogie Down. The pricing for this amayzing event is as follows: Spectators Admission is Adult for $17 with a fee of $5 for parking and children 12 and under free with a paid adult. Not a spectator and need to get hands on? For participants, Entry Fees are: Test & Tune $35, No Time Tech Card $50 and Quick 16 is $100.

July 24th and 25th Virginia Motorsports Park is home to the National Guard ADRL. For more details visit their website at www.adrl.us.

The last event for July is on July 31st. It is the Friday Night Street Wars and Ladies Night. “VMP is back at it again, doing it for the ladies on Friday July 31st with its third Ladies Night of the 2009 season. All ladies will receive free admission to an action packed night of racing, music and partying. In addition to VMP’s “Friday Night Street Wars” will be the High Roller Match Races featuring no holds barred heads up racing. DJ Eric will be in the midway throwing down the hottest new jams. Spectator parking inside the gate is only $3 but space will be limited so get here early to avoid the long walk. It's the best Friday night party in Central Virginia!!!”

For more information on these July events, visit the Virginia Motorsports Park website at http://www.virginiamotorsportspk.com or you can check back to this blog as we will update upcoming events often.

Note: All information and quotes were directly obtained from the Virginia Motorsports Park Website

Moving to Petersburg, VA?

Michael May (Harris & Associates) — Thu, 18 Jun 2009 07:58:07 -0500

There are many reasons why you may be relocating to Petersburg. You may be setting off for your new life on your own at college. You may be relocating because of employment reasons or you may just want to relocate to get a change in scenery. Whatever the reason, here are a few things you may be interesting in know about the city you have chosen to relocate to.

Atmosphere: There are several colleges and universities located in the Petersburg area. But for the record, Petersburg is not just another college town by far. Petersburg is an independent city located on the east coast mid-way between New York and Florida. It is located less than 25 miles from the capital, Richmond, VA. According to the United States Census Bureau, the city has a total area of 23.2 square miles (60.1 km²), of which, 22.9 square miles (59.3 km²) of it is land and 0.3 square miles (0.8 km²) of it (1.29%) is water. Downtown Petersburg is the locating of many antique shops, restaurants and cafes and historic sites. This includes museums, churches, homes and the Petersburg Historic Foundation.

Relocating to Fort Lee, Virginia

Michael May (Harris & Associates) — Mon, 15 Jun 2009 08:17:36 -0500

As a military family, we are sure you are use to moving around. However, the fact that you are use to it probably doe not make it much easier for you or your family. Getting familiar with your surroundings is a process and we just want to try to make it a little bit easier for you. To assist you with preparing for your move, we have decided to include a series of posts dedicated solely to those who are either new to Fort Lee or moving to Fort Lee. Check back often as we will have updates on Fort Lee and the surrounding areas.

1934 Bishop Street, Petersburg VA 23805

Michael May (Harris & Associates) — Thu, 12 Mar 2009 14:17:41 -0500

Mike May | Harris & Associates | 804.733.6175

1934 Bishop Street, Petersburg, VA

First-Time Home Buyers may qualify for a Tax Credit up to $8,000.

4BR/2.5BA Single Family House

offered at $169,900

Year Built	1967
Sq Footage	2,084
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	1 Car garage
Lot Size	13,504 sqft
HOA/Maint	$0 per month

DESCRIPTION

Buyers don't miss out on this rare gem of a deal in the Westchester are of Petersburg.

This diamond in the rough is starting to shine and show its true colors. The scrub have been trimmed, the leaves raked up, and the siding has been power washed. Also the front porch, picture window, and all exterior doors have been freshly painted.

Enjoy entertaining? Then impress your guests in the formal dining room of this 2-story traditional home. This roomy floor plan delivers 4 bedrooms, 2.5 baths, and master bedroom with his and her closets, impressive formal living room, warm family room with wood-burning fireplace, and a classic kitchen with microwave, dishwasher, and electric range.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Family room	Living room	Dining room
Dishwasher	Stove/Oven	Attic
Laundry area - inside	Yard

OTHER SPECIAL FEATURES

Fence Back Yard

Garage with Paved Driveway

Family Room with Brick Fireplace

Inside of property recently painted

First Time Home Buyers may Qualify for $7,500 Tax Credit.

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 3
Photo 4	Photo 5
Photo 6	Photo 7
Photo 1	Photo 2

Contact info:

Mike May

Harris & Associates

804.733.6175

For sale by agent/broker

Equal Opportunity Housing

Posted: Mar 12, 2009, 11:44am PDT

5910 Beville Dr, Sutherland VA 23885

Michael May (Harris & Associates) — Thu, 12 Mar 2009 14:15:33 -0500

Mike May | Harris & Associates | mike@mikemay.com | 804.733.6175

5910 Beville Drive, Sutherland, VA

Relax and enjoy this lovely Brick Home as you get lost in the "Park like Setting" as you walk through this well manicured yard!

3BR/1.5BA Single Family House

offered at $170,000

Year Built	1976
Sq Footage	1,404
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	1
Parking	2 Car garage
Lot Size	20,000 sqft
HOA/Maint	$0 per month

DESCRIPTION

Your family will adore this 1404 SF ranch home in Sutherland Manor. Features include 3 bedrooms, 1.5 bathrooms, master bedroom with his-and-her closets, tasteful family room with gas fireplace, welcoming formal living room with hardwood floors, bright kitchen with center island.

Do you need lots of storage space? How about an area for a workshop? Or an office? Look no further! This property has it all!!!

Oversized 24 x 32 Two Car Garage, Paved Driveway, 20 x 12 Office/Studio that is heated & cooled along with running water, Privacy Fence, and a tool shed for storing your lawn equipment.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Hardwood floor	Tile floor	Family room
Living room	Office/Den	Dishwasher
Stove/Oven	Attic	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard

OTHER SPECIAL FEATURES

24 x 32 Garage with Paved Driveway

20 x 12 Office/Stuido with Heat/AC and Running Water

12 X 32 Deck, Privacy Fence, & Gold Fish Pond

This property qualifies for USDA 100% Financing &

ADDITIONAL PHOTOS

Front View	Front View Side
Front View Garage	Photo 4
Photo 5	Photo 6
Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9	Photo 10
Photo 11	Photo 12

Contact info:

Mike May

Harris & Associates

mike@mikemay.com

804.733.6175

For sale by agent/broker

Equal Opportunity Housing

Posted: Mar 12, 2009, 11:25am PDT

15201 Rowlett Road, Chesterfield VA 23838

Michael May (Harris & Associates) — Thu, 12 Mar 2009 14:13:44 -0500

Mike May | Harris & Associates | 804.733.6175

15201 Rowlett Road, Chesterfield, VA

Highly Motivated Seller!!! Priced $25,000 under Tax Assessment!!!

3BR/2BA Single Family House

offered at $219,000

Year Built	1975
Sq Footage	1,800
Bedrooms	3
Bathrooms	2 full, 0 partial
Floors	1
Parking	2 Car garage
Lot Size	4.15 acres
HOA/Maint	$0 per month

DESCRIPTION

Best Deal in Chesterfield!!! The Seller is ready to move and willing to help with closing costs and any necessary repairs. A home inspection was done on January 31 2009 and a copy of the report is available for review. As an added bonus the Seller has also included Home Warranty.

This Mechanics Dream Home sits on 4.15 acre lot with 3 large Garages, 21x28, 24x25, & 28x40). It has over 1800 SF with 3 Bedrooms, 2 Full Baths, large Family Room with Gas Log
Fireplace, and a Kitchen with Breakfast Bar and attached Dining Room.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Family room	Living room	Dining room
Stove/Oven	Attic	Laundry area - garage
Balcony, Deck, or Patio	Yard

OTHER SPECIAL FEATURES

2nd Garage 24 x 25

3rd Garage 28 x 40

ADDITIONAL PHOTOS

Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 1	Photo 2
Photo 3	Photo 4
Photo 5	Photo 6
Photo 7	Photo 8
Photo 9

Contact info:

Mike May

Harris & Associates

804.733.6175

For sale by agent/broker

Equal Opportunity Housing

Posted: Mar 12, 2009, 11:58am PDT

Price Reduced!!! Rare find in the Westchester area of Petersburg.

Michael May (Harris & Associates) — Sat, 24 Jan 2009 06:57:07 -0600

Mike May | Harris & Associates | 804.733.6175

1934 Bishop Street, Petersburg, VA

Price Reduced!!! Rare find in the Westchester area of Petersburg.

4BR/2.5BA Single Family House

offered at $169,900

Year Built	1967
Sq Footage	2,084
Bedrooms	4
Bathrooms	2 full, 1 partial
Floors	2
Parking	1 Car garage
Lot Size	13,504 sqft
HOA/Maint	$0 per month

DESCRIPTION

This charming two-story home is a true diamond in the rough that is in need of a loving family who wants to add their own personal touch.

The first floor has a formal living and dining room, kitchen, utility room, half bath, 4th bedroom/office, and family room with brick fireplace. The second level has Master Bedroom with his & her closets and attached master bath, 2nd & 3rd bedroom, and full bath. This home sits on a nice size lot with mature trees & scrubs, paved driveway and attached 1 car garage.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Family room	Living room	Dining room
Dishwasher	Stove/Oven	Attic
Laundry area - inside	Yard

OTHER SPECIAL FEATURES

Fence Back Yard

Garage with Paved Driveway

Family Room with Brick Fireplace

Inside of property recently painted

First Time Home Buyers may Qualify for $7,500 Tax Credit.

ADDITIONAL PHOTOS

Seller contact info:

Mike May

Harris & Associates

804.733.6175

For sale by agent/broker

Equal Opportunity Housing

Posted: Jan 23, 2009, 1:37pm PST

Let's Make a Deal! Sellers have found a home and ready to "Move"!

Michael May (Harris & Associates) — Fri, 12 Dec 2008 04:22:47 -0600

Mike May | Harris & Associates | mike@mikemay.com | 804.733.6175

5910 Beville Drive, Sutherland, VA

Relax and enjoy this lovely Brick Home as you get lost in the "Park like Setting" as you walk through this well manicured yard!

3BR/1.5BA Single Family House

offered at $184,900

Year Built	1976
Sq Footage	1,404
Bedrooms	3
Bathrooms	1 full, 1 partial
Floors	1
Parking	Unspecified
Lot Size	20,000 sqft
HOA/Maint	$0 per month

DESCRIPTION

Three Bedroom Brick Rancher in established neighborhood. Two Bedrooms have His & Her Closets. Third Bedroom has been set up as an Office. Owner will remove office shelving and paint. Formal Living Room with Hardwood Floors. Den/Family Room with carpet & Gas Fireplace. Large Eat-n-Kitchen with Center Island, Pantry, & Dishwasher.

see additional photos below

PROPERTY FEATURES

Central A/C	Central heat	Fireplace
Hardwood floor	Tile floor	Family room
Living room	Office/Den	Dishwasher
Stove/Oven	Attic	Washer
Dryer	Laundry area - inside	Balcony, Deck, or Patio
Yard

OTHER SPECIAL FEATURES

24 x 32 Garage with Paved Driveway

20 x 12 Office/Stuido with Heat/AC and Running Water

12 X 32 Deck, Privacy Fence, & Gold Fish Pond

This property qualifies for USDA 100% Financing & "NO DOWNPAYMENT" Loan

ADDITIONAL PHOTOS

Seller contact info:

Mike May

Harris & Associates

mike@mikemay.com

804.733.6175

For sale by agent/broker

Equal Opportunity Housing

Posted: Dec 12, 2008, 2:14am PST

"12 Day's til Foreclosure"!!!

Michael May (Harris & Associates) — Wed, 19 Nov 2008 07:20:04 -0600

My Client and I need your help!!! I have a listing in the Central Virginia Regional MLS that is in area 61 (Dinwiddie County) at 12304 Pearson Hardy Rd, MLS# 2826992, that is about to be foreclosed upon. Yes time is limted, very limited, and we only have "12 Day's til Foreclosure". The Seller has lowered the price $35,000 to $199,900 and is willing to pay $5,000 towards closing costs or further price reduction.

If you are a Realtor in our asscoiation I challenge each and every one of you to take 5 minutes of your time to call 2 Clients or Prospects and tell them about this property. This lovely Rancher has over 1,600 square feet with 3 Bedrooms, 2 Full Baths, Huge Great Room with Vaulted Ceilings and Fireplace, Large Eat-n-Kitchen, Master Bedroom with Walk n Closet and Private Bath. It is located on 3.69 acres with a 24 x 30 Garage/Workshop. This property shows very well and will sell itself!

Property website and Virtual Tour: http://12304PearsonHardyRd.mikemay.com

For your time and as an incentive the Agent that brings me an acceptable offer that is "approved by the Mortgage Company and Closes" I will pay your 2009 Annual Realtor Dues, "$345".

If you have a Client that would like to see this property please give me a call and I will be happy to assist you any way possible.

All contracts must be accompanied by a lender letter stating that said lender has obtained satisfactory tri-merged credit report and verification of funds required by the terms of the contract.

This home qualifies for the Rural Development Loan program which includes 100% financing and no monthly mortgage insurance. First time home Buyers may qualify for a tax credit of up to $7,500.

Dinwiddie County Airport Fall Festival & Aviation Expo

Michael May (Harris & Associates) — Sat, 23 Aug 2008 16:49:58 -0500

Mark your calendars now to join us at the 2nd annual Dinwiddie County Fall Festival & Aviation Expo this coming October 2008. Tour the County Airport, talk with the pilots about their planes and enjoy aircraft on display from restored antiques to WWII fighters.

Last year, the one day event attracted close to 4,500 spectators. This year's festival will be a three day extravaganza featuring Carnival Rides, Games, Live Music, Fireworks, Great Food, and much more.

Fall Festival Schedule

Cost: FREE Admission

Location: Dinwiddie County Airport

Thursday October 23^rd

5:00pm - 6:30pm                  The Antiques

5:00pm - 11:00pm                Midway Opens

7:00pm - 8:00pm                  VSU Marching Band

8:00pm - 10:00pm                Grove Spot

Friday October 24^th

5:00pm - 8:00pm                  The Venture Rays

5:00pm - 11:00pm                Midway Opens

7:00pm - 11:00pm                Haunted Hayride

8:00pm - 11:00pm                Casper

Saturday October 25^th

12:00pm - 2:00pm                Brittany Wartham

2:00pm - 4:00pm                  Karaoke

4:00pm - 5:30pm                  The Virginians

5:00pm - 8:00pm                  Midway Opens

5:00pm - 8:00pm                  Rockfish

7:00pm - 11:00pm                Haunted Hayride

7:00pm - 11:00pm                EZGO Band

9:00pm - 9:15pm                  Dominion Fireworks

eStationery & DATEwise eCalendar

Michael May (Harris & Associates) — Sat, 23 Aug 2008 15:30:28 -0500

This week I was contacted by Ken Mitnick from Down to Earth Software. They produce & sell a number of "e" products: The DATEwise eCalender, The BRANDwise eStationery, & The NOTEwise eGreeting. I do believe the products have some merit and could help promote my business.

I would value your opinion(s) about whether they are a worthwhile expense.

Have you used them?

Do web site visitors download them?

Do you and/or your clients like them?

http://www.dtesusa.com/KellerWilliams/JamesSmith/

http://www.dtesusa.com/

Any input would be greatly appreciated.

Mike May, Assocate Broker

Direct Line: (804) 733-6175

Email: Mike@MikeMay.com

Website: www.MikeMay.com

12304 Pearson Hardy Road $235,000

Michael May (Harris & Associates) — Tue, 29 Jul 2008 22:05:11 -0500

Located in Dinwiddie County on 3.69 Acres

Bedrooms: 3 Baths: 2 Full Family Room: Vaulted Ceiling & Brick Fireplace

Built: 1995 Square Footage: 1618 Garage: 30 x 24 Heating & Cooling: Heat Pump

Master Bedroom: Attach Bath & Walk n Closet Deck: 16 x 12 Porch: Front

To preview this property call Mike May

Office: (804)-733-6175 Cell: (804)-731-0111 Fax: (804)-733-5110

Web Site: www.MikeMay.com E-mail: Mike@MikeMay.com

Xpert CMA Software

Michael May (Harris & Associates) — Mon, 21 Jul 2008 18:50:24 -0500

Please give me your opinion and or advice if you have used or are presently using the Xpert CMA software program.

The latest version out according to their web site is XpertCMA Full Suite System 6 for $199.00. Included in this package is the book "How the Real Estate Market Really Works" by Kerry D. Bodily, Xpert CMA Client Home Edition, and the Seller's Guide to Pricing Real Estate Competitively.

This software is recommended by a number of the Industies experts. But I would rather hear from someone who has hands on experence using the program.

Thanks for your input,

Michael May

http://mikemay.com

VaRealtor@mikemay.com

Local REALTOR e-PRO® Agent Utilizing Technology

Michael May (Harris & Associates) — Sun, 20 Jul 2008 07:27:33 -0500

Local REALTOR e-PRO^®Agent Utilizing Technology To Provide Consumers with State of the Art Services

July 20, 2008 - As more and more consumers begin their search for real estate-related information on the Internet, it is critical that real estate professionals are well educated in the use of technology to the benefit of the consumer and the agent and/or broker.

Realizing the importance of technology training, the National Association of REALTORS (NAR) now offers its members the e-PRO certification course - the only technology certification program offered by NAR. The program is designed to prepare real estate professionals to make the most of Internet technology and to identify, evaluate, and implement new Internet business models. The elite group of course graduates represents only one percent of all REALTORS in the country including Michael May of Harris & Associates.

"The real estate industry has undergone a fundamental change over the past five years," Michael May said. "Today, more than 70% of all buyers and sellers begin their search online. As an e-PRO certified agent, I have knowledge and tools needed to provide my clients with the information they need and the customer service they deman. It's both hi-tech and hi-touch."

The REALTOR e-PRO certification course is an educational program unlike any other professional certification or designation course available, comprehensive and interactive. It is specifically designed to provide real estate professionals with the technology tools needed to assist consumers in the purchase of sale of a home.

The exclusive REALTOR e-PRO certification course is presented entirely online and certifies real estate agents and brokers as Internet professionals. The course is designed to help REALTORS stay at the leading edge of Technology and identify, evaluate and implement new Internet business models.

Once completed, the e-PRO certified real estate professional joins the ranks of a special community of highly skilled and continuously trained professionals who provice high quality and innovative online-based real estate services. Consumers can identify the e-PRO through the exclusive e-PRO Internet Professional logo.

Both the content and the delivery platform were created by San Diego-based technology company InternetCrusade Graduates use the skills they've acquired to provide clients information on properties for sale, local communities, and the local real estate market.

For more information, e-mail Michael May at VaRealtor@MikeMay.com or call 1-804-731-0111, the number "1" line in real estate.

Flip or not to Flip!

Michael May (Harris & Associates) — Thu, 03 Jul 2008 20:11:34 -0500

I am thinking about purchasing a Flip pocket Camcorder and looking for information on those who have bought one.

Is it as easy to use as the advertisements state?

How is the Video quality?

Is the software user friendly?

Have you Videoed a listing and posted it to your web site?

Which model would you recommend, Flip Video, Flip Ultra, or Flip Mino?

Any feedback would be greatly appreciated,

Michael May, Associate Broker

http://MikeMay.com

Blogs@MikeMay.com

Verzion Wireless Custormers

Michael May (Harris & Associates) — Fri, 27 Jun 2008 21:34:45 -0500

Have you ever wanted to send a text message but didn't want to take the time to punch the keys over and over on your keypad to type it out?

Well today I found out how easy it is to send a text message by using email. All you need to know is the persons 10 digit cell phone number and their carrier's email address (@vtext.com).

If the recipient is a Verzion Wireless customer, in the To Field, enter his or her 10 digit-phone number followed by @vtext.com. For example, enter 7935551234@vtext.com.

If the recipient is a Nextel customer, in the To Field enter his or her 10-digit phone number followed by @messaging.nextel.com. For example, enter 7035551234@messaging.nextel.com.

If the recipient is a Sprint customer, in the To Field, enter his or her 10-digit phone number followed by @messaging.sprintpcs.com. For example, enter 7035551234@messaging.sprintpcs.com.

If the recipient is a AT&T custormer, in the To Field, enter hir or her 10-digit phone unmber follow by @txt.att.net. For example, enter 7035551234@txt.att.net.

Michael May

http://MikeMay.com

Email: VaRealtor@MikeMay.com

Analysis of the Richmond Virginia Area Housing Market

Michael May (Harris & Associates) — Tue, 24 Jun 2008 22:47:36 -0500

First Quarter 2008

The local housing market and local economy are strongly intertwined. This report analyzes recent data on the Richmond area and Central Virginia housing markets and assesses how local and economic factors may affect the performance of the region's housing market in 2008. Among the main findings of this analysis:

• Based on past experience, the Richmond metropolitan area has weathered national recessions better than many other regions because of its diversified economy. While a national recession is likely in 2008, the effect of the downturn will be more moderate and Richmond and housing demand will be relatively stable.

• Home sales were down 31% in the Central Virginia area1 in the first quarter of 2008 compared with the first quarter of 2007. This trend is similar to the patterns seen in the national and state housing markets.

• Prices have not dropped in the Central Virginia area as they have in other parts of the state. The average price was virtually unchanged in the first quarter of 2008 compared with the first quarter of 2007.

• There is no evidence that the Central Virginia area will experience dramatic price declines in 2008. The ratio of active listings to sales is within normal range. The number of pending listings in the first quarter of 2008 suggests an upsurge in sales over the coming quarter. Foreclosures in the region remain relatively low, especially compared with the Northern Virginia area.

The Central Virginia area is equivalent to the CVR MLS area. The CVR MLS includes the Richmond Metro and Tri Cities areas, as well as several other central Virginia jurisdictions. Richmond Metro includes Chesterfield, Hanover, and Henrico counties and the city of Richmond. Tri Cities includes Dinwiddie and Prince George counties as well as the cities of Colonial Heights, Hopewell and Petersburg.

Economic Backdrop

Much of the economic news coverage in early 2008 concerns the possibility of a national economic recession. In recent recessions, the Richmond metropolitan area has slowed significantly but has not been affected as much as the rest of the country.

National Economic Backdrop

The national increase in GDP was an anemic 0.6 percent in the 4th quarter of 2007, and most national economic signals through the first quarter of 2008 point to the likelihood of a recession in the first half of the year:

• National job growth has dropped from an annual average of 2.13 million in December 2006 to a rate of 0.48 million in March, a decline in growth of 77 percent.

• The U.S. Coincident Index (which measures current economic performance) was positive in 2007 and the first two months of 2008, but has moderated in the last few months. However, the Leading Index - which projects the economic performance 6-9 months ahead - has been negative for five consecutive months and eleven of the past 16 months.

• Oil prices have continued to rise and have been above the $100 mark for several weeks.

• Housing continues to be a drag on the economy with both new and existing home sales in a negative trend, and information on foreclosures indicating serious problems in several housing markets.

• Consumer confidence indices and spending are declining and have dropped to levels last seen in the early part of the decade. Consumer spending accounts for two-thirds of the economy.

The definition of recession is two consecutive quarters of decline in the Gross Domestic Product.

Given the economic trends and measures noted above, it is likely that later in 2008 the data will all be in and a recession will be declared for the first six months of 2008. How will the national recession affect the Richmond economy?

Richmond Metro Area Economy

Richmond weathered the most recent recession earlier in this decade very well relative to the national economic downturn. Nationally the unemployment rate peaked in 2003 at 6.4% while Richmond's rate peaked at 4.2%, significantly less than the national rate and not much above normal economic trends. The national economy lost 1.83 million jobs in 2002 and 2003 while the Richmond metro economy lost only 1,000 during that period and then added 16,000 jobs in 2004. Current trends show jobs for the Richmond metro area as moderating but still growing and adding to the economic base of the region. Richmond added 9,600 jobs to its economy in 2006 and 8,100 in 2007. For the first two months of 2008 the economy is growing on an annualized basis of 3,000 new jobs per year.

Whether or not a national recession is formally declared later this year, the national economy in the first half of 2008 will be sluggish. Recovery and expansion should begin during the second half of the year with traction provided by the Administration's stimulus package that will help consumer spending. The economy will slowly gain momentum in 2009, especially in the second half of the year. Most economists are characterizing the outlook as a shallow recession with slow expansion coming out of the downturn.

Richmond's varied economic structure is a key factor in its ability to weather the national down cycles. In past recessions, Richmond's broad and diverse manufacturing sector has helped the region perform better than other places. The concentration of state and local government jobs and educational facilities also provides a buffer. Richmond has benefited recently from the movement of information technology and biotechnology companies into the region. These high wage sectors play an important in propping up housing demand across the Richmond metropolitan area.

Given the partial insulation from recessions that has been experienced historically in Richmond, it is unlikely that the state or regional economy would enter a recession, although economic activity will slow down. Slow growth can be expected until about the middle of 2009 and then the pace will pick up and return to long-term levels. Current proposals by the Bush administration and Congress to aid the housing market at the national level could help the local housing market return to normal levels sooner.

Housing Market Trends

The Central Virginia area housing markets face the same uncertainties that are on people's minds across the country-including reduced demand brought about by credit market uncertainties and fears of an impending recession. Fortunately, housing demand in the Richmond area will not suffer as much as it will in other regions that will be harder hit by a recession.

Home sales in the CVR MLS area were down 31% in the first quarter of 2008. This slowdown in home sales in this region continues a trend begun in 2007 and mirrors trends nationally and statewide. During this same period home sales in the state of Virginia were down 26% and sales in Northern Virginia (NVAR) were down 36%.

Throughout the area, prices were stable in the first quarter of 2008. The average price of a home sold in the CVR MLS area in first quarter 2008 was $264,387, virtually unchanged from the average price first quarter 2007.

The average price of homes sold in the Richmond Metro area was 1% higher in the first quarter of 2008, while the median price was unchanged. In the Tri Cities area, the average price was 1% lower in first quarter 2008.

Housing Market Activity in the Central Virginia Area

The strongest part of the Central Virginia regional housing market was homes priced under $300,000. Over 40% of homes sold in the first quarter of 2008 were priced below $200,000 and nearly three quarters sold for under $300,000. It is this segment of the market that will continue to be the strongest as the market adjusts.

Looking Ahead

The performance of the regional housing market depends on demand and supply factors. In general, demand for housing will be somewhat lower than normal in 2008 as the region experiences slower than average job growth. However, the key to the recovery of the housing market in the central Virginia area is the supply and prices of homes for sale.

Four key factors should be considered:

Months of Inventory

The National Association of Realtors has stated that six months of inventory is considered "normal" on most markets. In the first quarter of 2008, the ratio of active listings of sales-which can be used as a measure of months of inventory-was 4.3 for the CVR MLS. Having 4.3 months of inventory available for sale in the region indicates that there is not a significant oversupply of housing.

Pending Preview Future Sales

The number of pending sales in the CVR MLS was down much less than sales in the first quarter of 2008. Pending sales were down 20% in the first quarter of 2008 which implies that when these listings go to closing within a month or two, there will be a less substantial drop in sales at that time.

Foreclosures

Foreclosures increase the supply of homes for sale and put downward pressure on prices. While there are some isolated neighborhoods that have experienced a sharp rise in foreclosures, the foreclosure situation is relatively moderate in the Richmond area especially compared to Northern Virginia. At the end of the first quarter of 2008, there were about 925 foreclosed properties on the market in the CVR MLS area. (In comparison, at the same time there were 6,000 foreclosures in Prince William County alone.)

Typical Spring Uptick?

Home sales typically pick up in the spring. In the CVR MLS, there were 311 more homes sold in the CVR MLS in March 2008 compared with January 2008. This represents an increase in sales of 45%. While this uptick is not as strong as the January - March increase in 2007 (60%) it does indicate that the general ebb and flow of the market seems to be in order.

Lisa A. Fowler,

PhD Director, Office of Housing Policy Research

George Mason University School of Public Policy

And

John C. McClain, AICP

Senior Fellow, Center for Regional Analysis

Prep Software

Michael May (Harris & Associates) — Tue, 17 Jun 2008 21:03:10 -0500

Does anyone have one of the original versions of Prep Presentations software. I believe the version I am looking for is 3.0. This version has the "Real Estate Advisor" articles and a FSBO/Expired presentation booklet. For some unknown reason I threw away my old disks and now I have a need for this data.

Mike May, CRS, GRI

E-mail: Mike@MikeMay.com

Web Site: http://MikeMay.com

What Makes a House Sell?

Michael May (Harris & Associates) — Tue, 17 Jun 2008 10:50:22 -0500

Things to Consider When Selling: Books have been written about this topic but to be concise, a successful sale depends on six factors: Price; Terms; Location; The Home's Condition; The Home's Accessibility and the Marketing exposure the house receives.

Price: Is what a willing seller and a willing buyer agree on. Price is determined by the current market, which fluctuates causing home values and prices to fluctuate. Often a home that does not sell is one that is over-priced for the current market.

Terms: Can vary as well. Some owners want payment in full, some are willing to carry a second.

Location: Is a major consideration in pricing and desirability. Has the neighborhood gone to pot or does it look like a street at Disneyland? Are there open spaces nearby or is the home located in the middle of commercial district?

The Home's Condition: Affects its salability and possibly price. A home in move-in condition will usually sell for a higher price than a home that suffers from deferred maintenance.

The Home's Accessibility: Refers to just that. Is the home accessible to shopping and local transportation? For some this would be a necessity and for others, the more remote the better.

Marketing Exposure: Refers to how the home is advertised. Today the Internet is a fantastic way to market a home but it is still true that the best service a listing agent can do for sellers is to promote the home heavily with local brokers and agents. The Internet and other advertising certainly help, but it is still true that in most cases it is the agent that sells the home by making sure the right buyers know about it.

Best Time to Sell: People often ask me when is the best time to sell my home? I usually reply that if you want to get the best price for your home, it is wise to give yourself as much time as possible to sell it. However peak selling seasons vary in different areas of the country and weather has a lot to do with an area's peak season. For example, late spring and early fall are the prime listing seasons in many areas because houses tend to "show" better in those months than they do in the heat of summer. Having said that, houses sell in every season in areas where there is a demand. By demand, I mean a significant number of prospective buyers moving to the area for a variety of reasons.

The Profit Motive: If your only reason for selling your home is for the purpose of taking your profits remember if you have lived in the home for two years you can avoid federal tax consequences.

Price it Right

Michael May (Harris & Associates) — Tue, 17 Jun 2008 10:48:38 -0500

How to Set a List Price for Your Home

Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR^® will help you set your list price based on:

pricing considerations
comparable sales
market conditions
offering incentives
estimated net proceeds

Pricing Considerations - Find a Balance Between Too High and Too Low

When setting a list price for your home, you should be aware of a buyer's frame of mind. Consider the following pricing factors:

If you set the price too high, your house won't be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your REALTOR^® to "Bring me any offer. Frankly, I'd take less." But compared to other houses for sale, your home simply looks too expensive to be considered.

If you price too low, you'll short-change yourself. Your house will sell promptly, yes, but you may make less on the sale than if you had set a higher price and waited for a buyer who was willing to pay it.

TIP: Never say "asking" price, which implies you don't expect to get it.

Price Against Comparable Sales in Your Neighborhood

No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market.

Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood. Your REALTOR^® can furnish data on sales figures for those comparable sales and analyze them to help you come up with a suggested listing price. The decision about how much to ask, though, is always yours.

Competitive Market Analysis (CMA): The list of comparable sales a REALTOR^® brings to you, along with data about other houses in your neighborhood that are presently on the market, is used for a "Comparative Market Analysis" (CMA). To help in estimating a possible sales price for your house, the analysis will also include data on nearby houses that failed to sell in the past few months, along with their list prices.

A CMA differs from a formal appraisal in several ways. One major difference is that an appraisal will be based only on past sales. Also, an appraisal is done for a fee while the CMA is provided by your REALTOR^® and may include properties currently listed for sale and those currently pending sale. For the average home sale, a CMA probably gives enough information to help you set a proper price.

Formal Written Appraisal: A formal written appraisal (which may cost a few hundred dollars) can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price or if there is any other circumstance that makes it difficult to put a value on your home.

TIP: If you do order a market value appraisal, make it clear you don't need an elaborate, or full narrative report, i.e., the kind that's complete with photos of the house and neighborhood. Floor plans and a site map is sufficient in most cases.

Market Conditions - Is it a Buyer's Market or a Seller's Market?

A CMA often includes a Days on the Market (DOM) value for each comparable house sold. When real estate is booming and prices are rising, houses may sell in a few days. Conversely, when the market slows down, average DOM can run into many months. Your REALTOR^® can tell you whether your area is currently in a buyer's market or a seller's market. In a seller's market, you can price a bit beyond what you really expect, just to see what the reaction will be. In a buyer's market, if you really need to sell promptly, offer an attractive bargain price.

If You Price High, Set a Schedule for Lowering the Price

Some sellers list at the rock-bottom price they'd really take, because they hate bargaining. Others add on thousands to the estimated market value "just to see what happens." If you want to try that, and if you have the luxury of enough time to feel out the market, sit down with your REALTOR^® and work out an advance schedule for lowering the price if need be.

If there haven't been many prospects viewing your home after three weeks, you may need to lower your list price. If that doesn't bring any prospective buyers, you may need to lower your list price again. Plan on doing that regularly until you find a level that attracts buyers. Make a written schedule in advance, before emotion takes over and you're tempted to dig your heels in.

Offering Incentives to Hasten a Sale

Sometimes cash incentives are as effective as lowering the price, especially in the lower price range where buyers may be "cash poor." You may offer to pay some or all of a buyer's closing costs and discount points required by the buyer's lending institution.

If you haven't had much traffic through your house and you're in a hurry to sell, you may want to add the offer of a bonus to the selling broker, in addition to their commission. An example of the wording for such an offer may be "to the broker who brings a successful offer before Christmas."

Estimating Net Proceeds

Once you've been given an estimate of market value by your REALTOR^®, you can get a rough idea of how much cash you might walk away with when the sale is completed. This can be particularly useful when you start looking for another home to buy.

To estimate your net proceeds, from the estimated sales amount, subtract the applicable costs in the three sections outlined below: seller's costs, buyer's/seller's costs and closing costs.

Seller's Costs: Subtract the following costs as applicable.

payoff figure on your present loan(s)
broker's commission
prepayment penalty on your mortgage
attorney's fees
unpaid property taxes

Buyer's/Seller's Costs: Additionally, your REALTOR^® can tell you whether local customs or rules dictate whether the buyer or seller pays for the items listed below. Subtract the following costs, as applicable.

title insurance premium
transfer taxes
survey fees
inspections and repairs for termites, etc.
recording fees
Homeowner Association transfer fees and document preparation
home protection plan
natural hazard disclosure report

Closing Costs: As far as closing costs are concerned, you and your eventual buyer may agree on any arrangement that suits you, no matter what local practice dictates. Your REALTOR^® will assist you in estimating what your final closing costs will be.

Smart Phones - Blackberry or Treo

Michael May (Harris & Associates) — Sat, 14 Jun 2008 19:45:43 -0500

Ok fellow Realtors please give me your input on which one you prefer. I am leaning towards the Treo 755 because it will replace my lockbox key.

Any problems opening lockboxes?

Will it syn with Top Producer 8i database?

Will it work with CVR MLS?

Thanks for your time.

Petersburg Virginia Gets a New Golf Course - Dogwood Trace

Michael May (Harris & Associates) — Wed, 11 Jun 2008 21:49:15 -0500

Dogwood Trace Golf
3180 Homestead Drive Petersburg, Virginia, 23803
Phone 804 732 5573

The City of Petersburg has completed a major renovation of its municipal golf course, Dogwood Trace, formally known as Lee Park. The course opened on schedule in April of 2008. The new layout is an 18-hole par 72 championship course which features 5 par fives, 8 par fours, and 5 par three's. Other amenities include a putting green, driving range and short game practice area. The course has 4 sets of tee's ranging from 4,874 to 6,707 that incorporates water hazards, bunkers and the natural terrain.

Greens: A4/A1 Bent Greens Tees & Fairways: 419 Bermuda Grass

http://www.dogwoodtrace.org

Directions: Take the Crater Road exit off Interstate 95.
Turn right onto South Blvd.
Then turn left on Johnson Rd.
Take a left on Homestead Dr

Testimonial - FSBO Colonial Heights Virginia

Michael May (Harris & Associates) — Wed, 11 Jun 2008 06:20:30 -0500

This letter of appreciation is for Michael G. May, a man dedicated to excellence in his profession. His diligence, commitment, and real estate knowledge helped our family.

When we arrived at Fort Lee housing was not available on post. Our real estate agent at the time was not Michael May. That agent helped us buy our house and convinced us that we were getting a good deal. Unfortunately, our agent had not done a market analysis. This resulted in a price that was too expensive for the value of the house at that time.

We told that agent that we would be selling the house in three years. That agent did not give us a three-year projection but did promise that selling the house would be quick and easy when the time came. We were assured that we would do well.

The time came to sell and we called on that agent. Once again, we were not given a written market analysis. We set an unrealistic price and six months passed without selling.

We decided not to renew with that agent. We tired to sell it ourselves. With little market knowledge, we spend several frustrating months and got nowhere.

Michael May sent letters to us that provided excellent ideas on how to sell houses. He offered his services in a non-threatening, non-manipulative way. These professional letters convinced us to ask him to sell our house for us. At least ten other Realtors approached us offering to be our agent but we chose Michael May. He was by far the superior choice. He proved that this was our best decision.

Michael provided a computerized market analysis, immediately brought prospective buyers to view the house, kept us informed at all times, and considered our family needs. Best of all, he sold our house quickly at the price we asked.

We moved to Texas in July. We were not in Virginia while Michael showed the house. He literally sold it without us in the area!

He knew the value of our family staying together. While we were in Texas, he kept in close contact and closed the sale of the house. He called after the closing to inform us that it was final and that all documents we needed were in the mail.

Michael has that rare ingredient that marks the successful person; he goes the distance to meet the needs of the client. Michael has a saying, "All You Need to Know about Real Estate is ... Michael May" My family and I agree. We strongly encourage you to call Michael May if you want a professional agent who truly cares about you.

Chaplin, Major Wayne E. Harris
San Antonio, Texas 78209

A-May-zing Realtor is Back! Now servicing all your Real Estate needs in Colonial Heights, Petersburg, Chesterfield, Fort Lee, Dinwiddie, Prince George, & Hopewell

Michael May (Harris & Associates) — Tue, 10 Jun 2008 17:04:01 -0500

Just as Arnold Schwarzenegger said in the movie, The Terminator, "I'll Be Back"! Well I am "BACK" and in full swing, working with buyers and sellers.

For the past few years, I put my Real Estate Career on hold to work on some personal goals. That has been completed and now I can devote the time it takes to be a "Full Time" Realtor.

During my hiatus, a number of clients contacted me with their Real Estate needs and if you were one of them I want to apologize for not being able to personally help you out. I just hope the Agent I referred you to did a quality job.

Most of you remember me working for Jerry Cook at Cook & Associates, but Mr. Cook has retired and closed his business.

I now work for Johnny & Mary Virginia Harris at Harris & Associates. Harris & Associates was established in 1975 and is one of the premier Real Estate Companies in the Tri-City Area. As the Company has expanded to thirty plus Agents, and to better serve their Clients, we now have two office locations; in Chester at 16401 Harrowgate Road, and in Dinwiddie at 23214 Airport Street beside Rohoic Elementary School.

Since my recent return to the business I have had some great success:

On February 2 I listed a property on Exton Lane in Chester Virginia, twenty four days later I had the property under contract and closed on March 27.
On February 25^th I listed two Commercial lots zoned M-1 on Airport Road with me. Lots 1&2 are being sold as one lot, totaling 2.128 acres and listed for $90,000. Lot 8 is .806 acres and listed for $75,000. These are the last two lots for sale on Airport Road.
The first of April I was contacted by a past client letting me know they were now ready to purchase a home. I set up a number of homes to tour on April 3^rd and as luck has it we found their perfect home that day, made an offer and closed on the property on April 22^nd.

But now I am asking for your help, to help me find my next success story! If you know of anyone that may be interested in buying or selling a property would you please do two things; first give them my name, phone numbers, and e-mail address, then second give me a call or send me an e-mail with their name and contact information and I will gladly get in touch with them.

As we all know we are now in an advanced technology era, e-mail is replacing our postal system, cell phones are replacing our landline home phones and text messages are the latest advancement. To better serve your needs and to take advantage of the technology at hand I need to update your file. Would you either give me a call or e-mail me with your updated contact information, (home phone, cell phone, e-mail, ect.).

I look forward to hearing from and servicing your future Real Estate needs.

Michael May, CRS, GRI

A-May-zing Homes

Virginia Motorsports Park: A lot to see and do for the Motorsports Lover

Moving to Petersburg, VA?

Relocating to Fort Lee, Virginia

1934 Bishop Street, Petersburg VA 23805

5910 Beville Dr, Sutherland VA 23885

15201 Rowlett Road, Chesterfield VA 23838

Price Reduced!!! Rare find in the Westchester area of Petersburg.

Let's Make a Deal! Sellers have found a home and ready to "Move"!

"12 Day's til Foreclosure"!!!

Dinwiddie County Airport Fall Festival & Aviation Expo

eStationery & DATEwise eCalendar

12304 Pearson Hardy Road $235,000

Xpert CMA Software

Local REALTOR e-PRO® Agent Utilizing Technology

Local REALTOR e-PRO® Agent Utilizing Technology To Provide Consumers with State of the Art Services

Flip or not to Flip!

Verzion Wireless Custormers

Analysis of the Richmond Virginia Area Housing Market

Prep Software

What Makes a House Sell?

Price it Right

Smart Phones - Blackberry or Treo

Petersburg Virginia Gets a New Golf Course - Dogwood Trace

Testimonial - FSBO Colonial Heights Virginia

A-May-zing Realtor is Back! Now servicing all your Real Estate needs in Colonial Heights, Petersburg, Chesterfield, Fort Lee, Dinwiddie, Prince George, & Hopewell

Local REALTOR e-PRO^®Agent Utilizing Technology To Provide Consumers with State of the Art Services