John VanderSyde's (jvandersyde) Blog

Stonewall Court – A Brief History

Fri, 25 Feb 2011 08:00:06 -0800

At the declaration of World War II in 1941, the nation was put on alert for foreign invasion. Over the entire country, on the East and West Coasts, groups were formed for the safety and protection of people in all communities. Men and women were selected from each neighborhood to form a Civil Defense Patrol. In the Court, it was decided a meeting place had to be found where the workers could hold gatherings and to store equipment. One of my former listings, the dwelling known as 345 Lexington Road, was chosen because it had a basement, and was one of the few places that could be entered from the outside without going through the house. Shelves and racks were installed in the basement to hold the steel helmets, special flashlights, stretchers, splints, and other first-aid equipment needed in emergencies. Thick black shades covered all the windows and doors of homes on the Court. When Sirens wailed in the night, Wardens reported immediately to pick up their helmets and lights. Streets were patrolled to insure that no light was visible from any building and to verify that everyone was off the street. It was something right out of Frank Capra's "It's a Wonderful Life". The wardens stayed at their posts until the "all clear" signal was given. Then they returned to headquarters to replace the equipment (and perhaps socialize). World War II ended with a community drawn closely together by a common interest. It was decided by the group that they should remain together, meeting in the same place, but calling themselves the Stonewall Court Civic Association. The purpose of the new association was to further the community interest in civic affairs and to encourage a friendly relationship between all families. The people who have come to live in the Court continue to pick up the torch by carrying on the ideals and sprit of the Air Raid Wardens of 1941. This is a vibrant neighborhood with a close, caring community; it is one of many in the area I am happy to represent! [Source of Information provided through the Stonewall Court Civic Association]

574 Raleigh Manor Road, Henrico VA 23229

Thu, 18 Nov 2010 09:08:34 -0800

ON THE LAKE - Under construction to be completed in the spring of 2011 - Bradford Grand II with a stately Georgian "A" elevation. Over 4700 sq ft NOT including attic or 2354 sq ft unfinished basement with full bath rough-in. A few of the upgrades worth mentioning are the grand morning room addition, 2 ft. study extension, 4 ft. family room extension, first floor full bath, stair & Railing upgrades, approximately 150 feet of lake-front yard, and exceptional Level III standard finishes that include irrigation, aggregate drive way, brick and Hardiplank, granite kitchen, hardwood first floor, ceramic tile baths and upscale moldings. Priced at $795,615 please call John for details. The Raleigh Community provides Executive estate homes along the desirable west end corridor of River Road in Henrico County, Virginia, and is convenient to all points Richmond

The Garage is Often Overlooked and Under Designed

Wed, 17 Nov 2010 05:28:45 -0800

Unless someone is an automobile enthusiast the garage in residential construction doesn't get the attention it deserves. By today's automobile standards the car barn is too small; the inside space, the doors as well as the area required to access it are just a few of the considerations that are often overlooked or under-considered by the common builder, and I believe most often done in an effort to cut costs. We also stretch and pull our homes in so many directions further infringing on auto space without any compensation or adjustments. We as consumers should be asking the question, why does the garage suffer so much and what can be done about it? For one thing, our cars are so wide today that an eight foot garage door is barely enough to squeeze the average car through it. Even some moderately sized and compact cars have trouble making the fit without losing a mirror once in a while. A nine foot wide door should perhaps be the industry standard. Not only will this give us the space we need to get in and out of the house, but will in turn provide the needed space to circulate properly around the vehicle. We will also be able to get in and out of one car without bumping doors into the adjacent auto while inside this space. We get into more trouble with rear and side-load carriage sheds because the driveway isn't wide enough to properly make the turn. As a result, we end up making three-point turns to go inside, or worse scrape the garage door track because we turn prior to clearing the opening. Both the car and garage are now in need of repair. This situation is compounded by the aforementioned skinny garage door. Even a full double wide sixteen foot door doesn't provide the space we need if another vehicle is already parked. If you have a truck or SUV the standard seven foot tall door height may give you fits too. Add a cargo or recreational roof rack to that and forget accessing your car refuge. Fortunately doors come in eight and nine foot heights, but good luck finding one of these in any builder's list of standard features. You will most assuredly pay extra for this bonus, but it may well be worth the cost. I can tell you many architects and designers don't like garages at all. They feel it either detracts from the home or simply does not belong where people live, and if we must have one it should be separated from the home completely. Nevertheless, architect or builder, if you are going to provide a garage then properly plan for it; don't take the short cut because we need to save on the budget. If it is not in the budget take it off the wish list and make more modest improvements in other areas of the home. It can always be added later. The cost of these larger spaces as well as the engineering required to structurally support the seemingly excessive span of these rooms seems unnecessary, especially when we consider that it's not even living space. As a result, we continue to cut back on the dimensions until it is impractical to park a car inside, much less get out of the vehicle once we've stopped. If the client or perhaps the neighborhood standard dictates a garage we should insist it be large enough to accommodate the intended purpose. Plan on a suitable depth and width to house the largest of automobiles and you will err on the side of greater satisfaction to the end user. A properly designed garage will also add value upon resale of the property. Some rules of thumb: •1. Allow a minimum of two feet around the sides of each vehicle. This space should not overlap the bay of the adjacent vehicle. The width of each bay should be approximately twelve feet. •2. Allow a minimum of two feet behind the vehicle, just in case access around the rear of the car is needed while the garage door is shut. •3. Allow a minimum of two-and-a-half feet in the front of the car for all the obvious reasons. •4. Do not allow storage areas, bins, shelving or work benches to encroach into these minimums; your satisfaction will be elevated and frustration eliminated. •5. Increase the width of the garage door to nine feet, and consider a height of eight feet. •6. If you are a diehard owner of compact cars you can disregard this advice, but keep the notion of resale to an SUV owner in the back of your mind. Every situation is different and should always be evaluated by a professional prior to implementing a plan. These suggestions are generated from feedback we have received from clients in both real estate and in the practice of architecture. Please contact us if we may be of assistance to you or your garage.

Quote for Today

Wed, 17 Nov 2010 03:23:15 -0800

"Somebody Just back of you while you are fishing is as bad as someone looking over your shoulder while you write a letter to your girl." Ernest Heminngway This just struck a chord with me today which compelled me to share it. Have a great day!

Who are the Real Estate Experts?

Wed, 06 Oct 2010 09:21:34 -0700

These days with the unique nature of our housing market it sometimes feels presumptuous to proclaim to be an expert in anything related to real estate. Our business of buying and selling homes is so kinetic, with a fluidity that is constantly changing and evolving, that it requires vigilant, almost daily monitoring in order to truly be called REALTOR®. Many people don't realize that every licensed real estate agent cannot legally use the term "realtor" in order to identify themselves. Over the years that term has often been universally used to refer to any person selling real property. And while all licensees are required to take continuing education classes mandated by their state licensing board, Realtors are generally required to have additional training that extends to conduct, ethics and consumer protection, and who are members of the National Association of Realtors (NAR). But the idea of being a real estate professional implies so much more than being educated and trained to transact property. There are certain traditions that are universal to people in sales, but in real estate, perhaps more than in most other sales positions, it is also the ability to communicate and maintain relationships that determines who the real experts are. Probably because of the very personal nature of our homes, real estate agents often become entrenched with the people they are entrusted to help find their next place to live, and grow, and love. The true real estate experts are the ones you as the consumer trusts; the one who will listen to you, will put your needs first, is experienced and knowledgeable in your market, and who conducts themselves in an ethical manner. Don't stop searching until you find the expert meeting your strict criteria. Ann & John VanderSyde - Virginia Properties 2009 Sales Team of the Year. (804) 282-7300

Who Is Saying It is Time To Buy a Home? EVERYONE!

Wed, 22 Sep 2010 06:34:14 -0700

"Enough with the doom and gloom about homeownership." - WSJ 9/16/2010 WOW! If that quote was attributed to the National Association of Realtors or the National Association of Home Builders, it would have been quickly dismissed. However, it was the Wall Street Journal that was calling for the end of the ‘doom and gloom' talk surrounding real estate. We are finally seeing a powerful backlash to all the recent claims that homeownership should never have been part of the American Dream. It is about time! The WSJ has been posting on the financial advantages and the other non-financial benefits of homeownership for over a year. "We must admit that, at times, we felt very lonely. It now seems that we are part of an ever growing army of believers preaching the advantages and opportunities available in today's real estate market. Who have joined this cause? Let's name a few." The Nation's Real Estate Pricing Expert Karl E. Case is a professor emeritus of economics at Wellesley. Professor Case is also co-creator of Standard & Poor's Case-Shiller House Price Index and is recognized as the one of the foremost authorities on real estate today. In a New York Times op-ed piece earlier this month titled, A Dream House After All, he said: "I have never quite understood what the American dream really means when it comes to housing. For some people, it means having a solid and fairly safe long-term investment that is coupled with the satisfaction of owning the house they live in. That dream is still alive." "Others, however, think the American dream is owning property that appreciates by 30 percent a year, making a house into a vehicle for paying bills. But those kinds of dreams have become nightmares for the millions of foreclosed property owners who have found themselves sliding toward bankruptcy." But for people with a more realistic version of the American dream, buying a house now can make a lot of sense. The Wealthy The only segments of the housing market that are showing sales growth are the price points over $1 million. That market is up 6.1 % in the second quarter of this year vs. the second quarter last year. A recent survey showed that over 30% affluent buyers are planning to either build/buy a new primary residence or a second/vacation home in the next twelve months. It appears the wealthy believe now is the time to buy! Everybody Else Fannie Mae just released their National Housing Survey. The survey reported: 82% of respondents consider homeownership important to the economy, up two points from January. 70% of respondents think it is a good time to buy a house (of which 36% think it is a very good time to buy), up six points from January. This is also four points higher than the 2003 survey - well before home prices peaked - when 66 % said it was a good time. Bottom Line Our iconic financial newspaper, our nation's real estate pricing expert, the wealthiest people in the country and 70% of everyone else think now is the time to buy a home. It probably makes sense to listen to them.

The Fall Harvest Also Applies to Housing

Mon, 20 Sep 2010 08:11:52 -0700

Mark your Calendars! According to the U.S. Naval Observatory, autumn begins on September 22 at 11:09 PM EDT; it's just about official, summer 2010 is over. The Autumnal equinox is coming, and you can feel it in the onset of that brisk autumn air, as well as with the number of home sales hitting the streets! September marks the official kick-off of the fall real estate market, and in Richmond, Virginia we are beginning to see the signs of the new housing inventory offering purchasers and sellers a second chance to reap the benefits of the second gathering. Like the change of seasons influencing harvest time, these annual cycles also influence home sales. September, October and into November is the second hottest time of year to buy and sell following the robust and often frenzied spring housing market. Historically, the Autumnal Equinox becomes synonymous with not only the completion of the harvest, but also the end of summer. The full moon associated with the fall equinox is known as the Harvest Moon and sometimes as the "Wine Moon" because this is also the time of year when grapes are harvested and the process of making wine begins. In past times, many farmers would harvest their crops by the full moon, using the light from the moon to extend their gathering time. This final gathering of the crops and the beginning of preparations for the long winter that lay ahead marked a time of thanksgiving for all that Nature has given her children and for the completion of another turn of the Great Wheel of life. Although the Autumnal Equinox falls in September and not November, the connection to the harvest and the fall highlight similarities to our modern Thanksgiving. If is interesting to see how these seasonal cycles are often mirrored in our modern lives. The change of seasons that influence our life styles and purchasing trends today are somewhat similar to the way we all used to live when the change of seasons actually dictated how we live. It makes one wonder if the two are somehow linked?For more info about the Autumnal Equinox: The time of year when night and day are of equal length in all parts of the Earth is known as the "equinox". The word equinox comes from a Latin words meaning "equal night." Autumnal equinox is the beginning of autumn. It occurs on September 22nd or 23rd. If you are interested in exploring more, here are some sites with more detailed explanations of the equinox: http://scienceworld.wolfram.com/astronomy/AutumnalEquinox.html http://earthsky.org/astronomy-essentials/everything-you-need-to-know-about-the-autumnal-equinox-of-2010 http://www.infoplease.com/spot/equinox1.html

Richmond's Small Town Charm Offers Hope & Optimism

Thu, 09 Sep 2010 07:56:10 -0700

Ann and I just went over to the Libbie Market to grab a quick bite to take back to the office. The wonderful thing about Richmond is the fact that almost anywhere you go you are all but certain to run into someone you know. Well today is no exception. We ran into a friend of mine from college. She owns and manages a small placement firm that specializes in finding work for mostly mothers that have so much to contribute to the work force, but also wish to manage their families in addition to generating an income. The almost unexpected thing came out of our conversation when I asked how her business has been. She, by the way, has adorable twin boys that you can imagine demand much of her attention. Regardless, she said business has been amazingly good. She continued to say that the number of people she places has been great, and, here is the really wonderful news, that the number of companies contacting her for help has also increased this summer. After all the negativity and hesitance I get when asking "how's business", I was momentarily shocked by her response. Then delight and confidence seem to fill up inside me as if to say, "see, there are good things happening in the work force today; I wonder why we don't hear more stories like this one from our media outlets?" I like getting the good news and spreading the word about good fortune and hope. It makes me feel good, and I like feeling good. Hopefully this will inspire you have a great day and pass on your good news to others, increase your productivity, and improve your business. Who knows, this small town might just start a trend that proves a positive approach to living can jump-start our economy. I'm firmly committed to it, how about you?

Follow up Post - What's the wait . . .

Thu, 09 Sep 2010 06:50:41 -0700

As a follow up to my blog post yesterday 9/8/2010 regarding "What is the wait in Richmond Real Estate" - regarding "low interest rates", the Long & Foster Marketing Minute provides the following example: "Let's talk about the "missed opportunity" on the tax incentives. Let's say first-time home buyer couple is looking at taking a 30-year loan on a $340,000 home, which was the average Long & Foster sale price in July. If they had purchased in early April, in time for the $8,000 credit, the interest rate probably would have been around 5.25 percent. If that same couple bought today and locked in a rate around 4.5 percent, they would save more than $130 per month on the mortgage payment compared to the early-April purchase. Even if they only live in the house for 10 years, they would save more than $16,000 in interest. These record-low interest rates mean buyers "match" the $8,000 they would have gotten in tax incentives if they live in the house just five years." Consider spreading the word and sharing the secret that the media seems to conveniently overlook. There is good news in the real estate market, and as professionals it is our responsibility to send the message in order to combat the lingering negativity in our marketplace. Facts & figures courtesy of Jeff Detwiler, president and COO of Long & Foster Real Estate

What is the wait in our Richmond Real Estate Market - today?

Wed, 08 Sep 2010 11:32:06 -0700

The Richmond, Virginia metropolitan region of Long & Foster Real Estate met today for a Town-hall gathering. Several hundred local real estate agents, brokers and sponsors attended this special event which spent much of the morning commenting on the state of the company and the realities of real estate in our market sphere. The most important message I took away from all this is, of course, that with the amazingly low interest rates available to consumers today, and the apparent stabilization of real property in our area, it is perhaps the most affordable time in our history to purchase a home. So what is everyone waiting for? Well, first, this premise presupposes that one has a relatively stable/secure job, ensuring enough confidence and providing proper financial wherewithal to make the next step into home ownership - or to make a move-up purchase. This is without a doubt a HUGE obstacle for anyone to see beyond, and if you're risk adverse, it may not be manageable. But is the risk any greater today than four years ago when lenders were literally giving away mortgage loans while home prices continued to skyrocket through the heavens? Honestly, I just don't get it! Secondly, the media seems to have cornered all futures in real estate. I think it is too easy to pull the media card whenever our woes exceed rational justification, but you have to admit there are no headlines out there promoting the long-term benefits of the current interest rate. As a fellow realtor mentioned this morning, we should be shouting about the best kept secret in the real estate market - low interest rates are far better than any tax credit the government can offer. Just do the math! But hush; don't tell anyone, it's a secret. Maybe then the public, and possibly the media, will take note and make a step toward home ownership and a sound life's-investment. I can't say what it will take to help people feel better about real estate, but my business tells me that the housing market continues to improve. Someone must be feeling better about things, because the difference between what is going on today over just a year ago is astounding, and our numbers/statistics reflect this notion. The caveat to this observation is that we need to continue looking forward and forget about what's in the rearview mirror. The years of 2005-2007 are thankfully gone. There is a new reality out there now for all of us to observe, just ask your REALTOR®. The honest truth is always plain to see!

Happy Labor Day Weekend!

Fri, 03 Sep 2010 10:44:06 -0700

It is Friday of Labor Day weekend 2010. We dogged the "Earl" hurricane bullet and can look forward to a beautiful weekend full of moderate warmth, sunshine and no humidity. It should be a great time to get out and play. I plan to get on the river with my kids and try to forget about real estate for a few days. I hope all of you will be safe and enjoy the last official holiday of summer - don't forget to fly your flag!

The Virginia Center for Architecture - Now on Permanent Exhibit:

Tue, 31 Aug 2010 11:43:00 -0700

The House That Pope Built The Virginia Center for Architecture celebrates two years of bringing architecture to life with the opening of a permanent exhibit on its headquarters building, built in 1919 by architect John Russell Pope, FAIA. The House That Pope Built includes photographs, narrative, and other educational media that shed light on the house -- a 27,000-square-foot Tudor-Revival mansion -- in addition to John Kerr Branch, the patron who commissioned its construction; the architect; the house's interiors; its setting on Richmond's historic Monument Avenue; and Compton Wynyates, the 15th/16th-century English country house that inspired the building's design. What else is going on at the Center? Take a look at our upcoming tours and other special programsCheck out the latest offerings from the VCA Museum ShopOn the Washington Post's list of 5 More Reasons to Visit Richmond Now: The Virginia Center for Architecture!See where Virginia's buildings rank in the AIA's poll of America's favorite architecture

Seventy Five years of Richmond's Historic Preservation

Tue, 31 Aug 2010 10:56:09 -0700

This year is the seventy fifth year that officially marks the foundation of historic preservation in Richmond, Virginia in 1935. Laying the ground work for preservation in the 1920's and 30's, "Mary Wingfield Scott, Elisabeth Scott Bocock, Louise Catterall and Mary Reed contributed significantly to the increased appreciation for Richmond's built environment through research, publication, postcards and walking tours". It wasn't until 1935 when an important historic structure, the Adam Craig House, was threatened with demolition that the idea of preservation as a practice was established. It was Mary Wingfield Scott who formed a committee in order to purchase and preserve the Craig House. Located at 1812 East Grace Street, it was "the childhood home of Jane Craig Stanard, the subject of Edgar Allan Poe's "To Helen," the Adam Craig House was one of the few remaining 18th century structures in Richmond". The then 145 year old home was saved from destruction and is touted as perhaps the oldest continuously occupied residences in Richmond today. The Adam Craig House is listed again for sale by Virginia Properties, a Long & Foster Company; in August of 2010 this historic landmark is once again available for purchase in time to celebrate one of the most remarkable foundations in Richmond. Qualified purchasers can call for an appointment and the opportunity to own a significant piece of historic Richmond History. Researched through the Historic Richmond Foundation, 4 E. Main Street, Suite 1-C, Richmond, VA 23219, www.historicrichmond.com

Are Americans Overstuffed? Check In Your Closets and Garages To Find the Answer

Fri, 27 Aug 2010 10:32:06 -0700

Great advice for those of us that have trouble with the excess in our lives!No this isn't a commentary on waist lines but instead on the amount of stuff we seem to accumulate. Over the last few years I have become acutely aware of the clean up and throw out process. It started when I began downsizing myself. Along the way I became friends with the folks at the Fairfax County Dump, Salvation Army, 1-800-Junk, PODS and more My new routine is if I haven't used it in a year then I can live without it forever. Within shouting distance of my home are at least three self storage facilities. Every time I drive down another industrial road I see at least another two. So where has the need come for all of us to hoard so much stuff? In today's "throw away" society it seems a bit odd that there should be so much of a need for storage facilities. What is lurking behind all of those locked containers? Is it stuff we really need or is it easier just to tuck it away instead of dealing with it? How much money is being spent every year to store things that really should be headed to the dump or donated to a favorite charity? Could you have a vacation with the money instead? Need some help getting started on the de-cluttering? It is over-whelming I can admit it! So here are a few ideas that helped get me started on the stuff purging: Pick a room-doesn't matter where you start Set a timeframe-only work on the room a couple of hours at a time Sort through it-look at it once and decide if it is a keep, toss or donate Don't reminisce-high school is long over, the faded corsages have got to go Keep the space organized-have trash bags and plastic bins handy so that you aren't surrounded by piles Repeat the process on the next room-move on the next day or next weekend to another space. Reward yourself-trust me after you have made a run to the dump you want a reward So take a look around and decide what you really need and what is ready to go. You might be surprised how good it feels to not have all of the stuff cluttering up your life. And don't try to pass it off on your kids. It will only come back to you when they decide to move!

Home Trends; Quality over Quantity:

Fri, 27 Aug 2010 10:06:15 -0700

As the nation continues to recover from the effects of a troubled economy, home sizes have trended downward for the first time in three decades. More Americans seem to have also adopted a longer-term perspective, as homes that are smaller in scale are generally more affordable to maintain over time and have less impact on the environment. However, they are not necessarily less expensive to purchase. Many are situated in prime locations and include more high-end features. Findings of the American Institute of Architects (AIA) Home Design Trends Survey suggests that home buyers as well as renovating homeowners are choosing more efficient floor plans with less square footage. This allows them to indulge their tastes for quality details, and upgraded features with a higher degree of personalization. This key consumer survey also captured the following trends in the home market place in vivid detail. New priorities trump old rules: The prevalence of non-traditional, open layouts with spacious kitchen and family room areas continues. Today's homeowners are looking for ways to maximize the square foot area of the homes, so larger, more gathering-friendly casual spaces are often replacing rarely-used formal living and dining rooms. Options create opportunities: Many builders have incorporated flexible spaces that give buyers the option to dedicate a room to meet their specific needs and preferences or to serve multiple purposes. For example, a formal dining room calls for a chandelier and open access, where as double doors and built-ins can easily create a private home office or library in the same space. It is now also more common for the owners of older homes to alter their floor plans to work better with the way they live. Focus on accessibility, practicality, and storage: A growing number of again baby boomers drive the preference for one-level or two-story designs with a master bedroom downstairs. Storage features such as large closets and rooms with built-ins maximize the use of space in a smaller footprint. Can you believe the average size home in 1950 was 983 square feet? In 1970 it grew to 1500 square feet; in 1990 it went to 2050 square feet, to a high of 2479 in 2007. It has been decreasing each year since to 2422 square feet in 2009, the most significant drop ever recorded.

Long & Foster Richmond Housing Market Indicators

Fri, 27 Aug 2010 09:59:33 -0700

FOR IMMEDIATE RELEASE Vicki@bendurepr.com RICHMOND HOUSING MARKET INDICATES INCREASING PRICES, STABILIZING INVENTORY CHANTILLY, Va., August 26, 2010- The greater Richmond real estate market, including Chesterfield, Henrico, Hanover and Goochland counties and Richmond City, has continued to experience stabilizing trends compared to July of last year, according to The Long & Foster Market MinuteTM reports. Though the pull-forward phenomenon of the homebuyer tax incentives continued to impact sales across the region in July, many areas in the greater Richmond region experienced increases in median sale price compared to a year ago. The Long & Foster Market MinuteTM reports are compiled from data from residential real estate transactions within specific geographic regions, not just Long & Foster sales. In July, active inventory in some areas of the Richmond region decreased compared to July of last year due to the effects of the now-expired tax credit, as well as recent affordability conditions and record-low mortgage rates. In Goochland County, Hanover County and Richmond City, July's data suggests that active inventory may be moving toward stabilization, as these areas experienced year-over-year decreases of 13 percent, 3 percent, and 1 percent, respectively. In Henrico County, inventory was virtually unchanged versus July 2009 and Chesterfield County saw a modest 4 percent increase in total inventory. The average number of days a house remained on the market before going under contract varied throughout the region, but generally the data indicates stabilization or improvement in days on market (DOM). In Richmond City, DOM fell to 58 days, down 19 percent year-over-year. Henrico experienced a 2 percent decrease in its DOM to 65 days. In Chesterfield County, DOM increased 14 percent compared to July last year to 80 days, and Hanover County saw an increase of 19 percent to 92 days. Goochland's DOM was up 11 percent year-over-year to 97 days. Strong sales activity in recent months has driven increases in median sale price throughout the Richmond region, particularly in Henrico County and Richmond City, which experienced year-over-year median sale price increases in July of 18 percent and 13 percent, respectively, to $230,000 and $190,250. Hanover County's median sale price increased 5 percent year-over-year to $258,000 and Goochland's rose 9 percent in July to $392,000. Though median sale price in Chesterfield County fell 4 percent versus the same month a year ago, this area has been stabilizing since the start of the year. This is likely due, in part, to the demand spurred by the tax incentives and record-low mortgage rates. As expected, the local market continued to feel in July the impact of the pull-forward phenomenon created by the tax incentives offered to homebuyers through the end of April, with year-over-year decreases in sales in most areas ranging from 34 percent to 44 percent. Other areas were less affected by the end of the tax-credit-inspired demand, according to July data, perhaps also a result of continued affordability conditions and dropping interest rates. Goochland County, for example, saw a 24 percent year-over-year increase in sales. -more- Richmond Housing Market Experiences Increasing Prices 2 "We knew when we saw buyers rushing to the table this spring to take advantage of the tax credit that we would see some ripple effects throughout the summer in terms of sales," says Jeffrey S. Detwiler, president and chief operating officer of The Long & Foster® Companies. "But with ideal affordability conditions and mortgage rates remaining at record lows, we may see continued strengthening in the marketplace in the second half of this year." "The Long & Foster Market Minute reports help consumers make educated decisions on how they can best fit into today's real estate market," says Barry Redler, chief marketing officer for the Long & Foster Companies. "With the guidance of their experienced Realtors, buyers and sellers are likely to find that, while national headlines are painting a picture of a down housing market, there are actually opportunities in the local marketplace worth exploring." The Long & Foster Market MinuteTM is an overview of market statistics based on residential real estate transactions and presented at the county level. The easy-to-read and easy-to-share reports include information about each county's units sold, active inventory, median sale prices, months of supply, new listings, new contracts, list to sold price ratio, and days on market. In addition to more than 100 counties in seven states it currently covers, The Long & Foster Market Minute will include more counties in future releases. The Long & Foster Market MinuteTM reports, available at no charge at www.LongandFoster.com, is one tool of many that the firm provides its sales associates so that they can help homebuyers and sellers make informed decisions. About Long & Foster® Real Estate, Inc. Long & Foster® Real Estate, Inc. is the largest independently-held residential real estate company in the United States. The company is part of The Long & Foster® Companies, which also includes Prosperity Mortgage® Company; Walker Jackson® Mortgage Corporation; Long & Foster Insurance Agency, Inc.; and Long & Foster Settlement Services. Long & Foster Real Estate, Inc. represents more than 12,000 agents in seven Mid-Atlantic states, plus the District of Columbia. The company sold more than $25.3 billion worth of homes and helped people buy and sell homes 78,281times in 2009. The Long & Foster Companies 2009 combined sales for the year were in excess of $51.5 billion. Visit us at longandfoster.com.

Top Influences in Selecting a HOME

Mon, 23 Aug 2010 07:18:03 -0700

A Richmond, Virginia neighborhood can be every bit as important as the dwelling itself - at least according those of us polled. The 2009 National Association of REALTORS ® Profile of Home Buyers and Sellers Reported the results of a survey of consumers and real estate agents regarding top influential characteristics in selection a home. Considered by 64% of individuals when deciding where to live, quality of neighborhood was one of the most cited factors. Additional attributes that those surveyed deemed important are: Convenience of Job: 50% Overall affordability of Homes: 43% Convenience to family and friends: 38% Quality of the school district: 26% Convenience to Shopping: 26% Neighborhood Design: 23% Convenience to Schools: 21% When searching for the ideal neighborhood, your real estate agent can be a valuable guide. Your agent can help identify a community that you will enjoy being a part of by assessing your needs and matching them to the locations that seem to be best fit.

Making a Difference at the Central Virginia Food Bank

Mon, 23 Aug 2010 04:55:13 -0700

Thanks to the efforts of our clients this summer, Virginia Properties contributed 1,185 pounds of food AND over $500 in cash to the Central Virginia Food Bank. As a result, we are able to provide more than 3,600 meals for hungry folks in our area of Richmond. This is a meaningful contribution during difficult times, and we wish to extend our most sincere appreciation to all of our clients and friends - Thank you!

Richmond’s Virginia House & Architect William Lawrence Bottomley

Fri, 20 Aug 2010 11:57:02 -0700

Perhaps my favorite Richmond Virginia architect is William Lawrence Bottomley, although Richmond was not his true home. Bottomley designed numerous meaningful and historically significant homes in Richmond, but it is perhaps a lesser known fact that he contributed to what many might consider a modest detail of importance at Virginia House. One of Richmond Virginia's most interesting and historic homes sits overlooking the James River at the back of the exclusive Windsor Farms neighborhood. Virginia House completed construction only months prior to the stock market crash of 1929, and is a tale of romance and interest on its own. It was the dream of Virginia & Alexander Weddell to construct a home from the materials of a sixteenth century English manor house. They engaged architect Henry Grant Morse, who was primarily a designer of public buildings. Morse traveled in the English countryside with Mr. and Mrs. Weddell as they looked for a model for the house they hoped to build in Windsor Farms. Virginia House is a structure still standing today. Unfortunately the house and gardens are now only open by appointment, but certainly worth a visit. William Lawrence Bottomley designed many homes in Windsor Farms, but between the years of 1944-46 he designed a Loggia for Virginia House. He incorporated columns imported from Spain to be located on the south side of the home. The painted ceiling in the Loggia came in part from a sixteenth-century house that once stood on the site of Knole in England. The importing of materials from England was in keeping with Morse's intended design/construction concepts. There are some additional interesting details Bottomley added on the Loggia worth noting, but we'll save that for your tour! Virginia House is located at 4301 Sulgrave Road, Richmond, VA, Phone: 804.353.4251 Research performed through the Virginia Historical Society

Richmond Area 10 - Historic FAN Living

Wed, 18 Aug 2010 12:14:13 -0700

NEW Price Reduction!!! Within close proximity to the Virginia Museum of Fine Arts, Starbucks, and a number of local haunts & restaurants. Ideal urban living the the FAN. A detached Tudor style brick row house tucked into the historic fabric of the Fan, offers 1,554 finished square feet. FIRST FLOOR living and dining rooms in an open plan, with a modestly updated eat-in kitchen, a mud/laundry room, and a full bath. SECOND FLOOR provides three bedrooms, a roof-top deck and hall bath. Loads of closet space too. The full front porch is a great spot to be social with neighbors, or you can enjoy the privacy of the fully fenced back courtyard with access to the all brick carriage shed, AKA "small garage" for added storage. http://www.visualtour.com/show.asp?t=2117811&prt=10003

10806 Tutelo Ct, Glen Allen, VA 23059

Tue, 20 Jul 2010 11:25:15 -0700

This home shows like a MODEL and is located on a quiet cul-de-sac street in the heart of the Magnolia Ridge subdivision, conveniently accessible to the community play ground, pool and tennis courts, yet only moments to Virginia Center Commons shopping and restaurants, as well as to the Crossings golf course. When working you will enjoy direct access to downtown, or for those who travel for work and pleasure, you are only two minutes away from major interstates and highways to all points Richmond and beyond. Meticulously maintained with almost 2300 square feet, three bedrooms, two and a half baths, a full two car garage, an open plan that is remarkably comfortable and well thought out, soaring ceilings, gas fireplace with marble surround, eat-in kitchen with breakfast bar and a grand morning room, generous mouldings, hardwood floors and a fantastic array of windows that take advantage of every view, a delightful multi-tiered deck, and numerous upgrades - all priced to sell $266,000 Visual Tour at: http://www.visualtour.com/show.asp?t=2253582&prt=10003 Main Level Entry Foyer 6'4" x 18'8" hardwood floor, front door with transom light, new storm door with decorative Glass, crown moulding, two overhead lamps, coat closet, wall alcove, columns, access to powder room, open to family room Powder Room 3' x 7'3" hardwood floor, pedestal sink, mounted oval wall mirror, vanity lamp, exhaust fan Study/Dining 15' x 14'7" hardwood floor, tray ceiling with crown moulding, chair rail, overhead lamp, true divided light double French doors with an additional fixed door panel to foyer, double oversized windows with blinds, triple window walk-in bay with blinds - Large glass front consoles with base drawers can be conveyed with an acceptable offer Family Room 14' x 17' Carpet, two story ceiling, fireplace with direct vent gas logs, marble hearth and fireplace surround with decorative wood mantle, five window with transoms at first floor and five clearstory windows at second floor level, all windows with applied UV protective film Kitchen 16' x 14'4" vinyl floor, laminate counter tops, raised panel natural Oak cabinets, double bowl stainless steel sink with disposal, center island, breakfast bar counter, eat-in area with rough-in for chandelier , recessed lights, GE drop-in stove with gas cook top and gas oven, GE built-in microwave, GE built-in dishwasher, overhead fluorescent lamp, open to family room & grand morning room, Refrigerator with top freezer can convey with an acceptable offer Morning Room 10' x 16' vinyl floor, six oversized windows with transoms, French doors with transom to outside wood deck, 11'4" high vaulted ceiling, overhead lamp, all windows and doors with applied UV protective film Back Hall 5'4" x 5'8" vinyl floor, double door pantry with wire shelving, access to garage, laundry room and garage, overhead lamp Laundry Room 4'2" x 8'3" vinyl floor, window with blinds, overhead lamp, coated wire shelf, washer & dryer hook up, white base cabinet with beveled edge laminate top that can convey or be removed 2-Car Garage 19'4" x 21'8" full two car garage, entry door to side yard, 16' overhead automatic garage door with openers, 11'5" ceiling height, furnace & water heater located in recess that does not take up any of the garage area, room for storage Stair carpet, turned stair with landing, window with arched transom and UV protective film, open to foyer and family room Second Level Balcony 16' X 7' carpet, second floor balcony landing & hall that overlooks the family room, access to bedrooms, hall bath and linen closet, three overhead ceiling lamps Master Bedroom 14' x 19' carpet, vaulted ceiling, overhead ceiling lamp, bed placement options, three windows with blinds, Currently being used as an office/upstairs TV Room Walk-in Closet 7' x 12' carpet, overhead lamp, window with blind, coated wire shelving Master Bath 7'5" x 12'7" Vinyl floor, large "Jacuzzi" soaking tub with ceramic tile surround & backsplash, double raised panel vanity cabinet with twin cultured marble sink top, toilet, pre-formed fiberglass shower stall with textured glass door, vanity length wall mirror, vanity lamp, recessed lamp over tub, exhaust fan, double window with blinds Bedroom #2 14' x 13'6" carpet, double window with blinds, 5'3" x 5'2" walk-in closet with California closet style wardrobe system, pull-down attic access stairs with 7' x 25' floored storage area Bedroom #3 12' x 12' carpet, two windows with blinds, double closet with California closet style wardrobe system Hall Bath 5'3" x 8'4" vinyl floor, vanity cabinet with cultured marble sink top, mounted wall mirror, vanity lamp, exhaust fan, pre-formed fiberglass tub/shower with shower curtain rod, toilet, towel bar Special Features: Shows like a model home, immaculately maintained and lovingly cared for; Wood Deck - 157 square feet, multi tiered, irregular, stained wood with decorative railing; Security System on all doors and a motion/glass breakage sensor; UV protective film on selected windows professionally installed by Solar Film Company; Full yard 4 zone irrigation system with new controller in 2010 & paid through April 2011; Pest control service contract with Orkin & paid through 2010; Large open yard with no fencing and minimal landscape, open for all possibilities; Schools: Henrico County Public Schools boundaries are proposed to change for the 2010-2011 academic calendar year. The following has been pulled from the Henrico County website for the coming year - http://www.henrico.k12.va.us/boundaries/boundaries.html - No information is guaranteed and should be verified by the PurchaserGreenwood Elementary School, 10960 Greenwood Road, (804) 261-2970Hungry Creek Middle School, 4909 Francistown Road, (804) 527-2640Glen Allen High School, 10700 Staples Mill Road, (804) 360-0731 Contact Ann or John VanderSyde for a complete list of details (804) 282-7300 - see visual tour at www.InSydeHomes.com

Do-it-Yourself is Overrated!

Mon, 07 Jun 2010 10:36:00 -0700

I am a home project, died in the wool, do-it-yourself fanatic, so I believe anyone can take on whatever house improvement task they set their mind to - if they are committed. What people need to realize is that when I take on a project it's usually because I want to; when a home owner decides to make an improvement it's usually because they have to fix something as they're getting ready to sell their house. In this case it's no longer an enjoyable hobby, and the task can quickly feel like a burden rather than an escape. Many sellers are fine taking on a few things as they think about getting their house "match-fit" to sell. At least until they get half way into the work and realize that it's more than they bargained for when they signed up for it. I love the idea of painting - only the idea of it - but many sellers feel that this is something they can save a few bucks on if they do it themselves. Nevertheless, once they get a couple of brush strokes into it they suddenly realize it's a bit more of a pain than a pleasure. At best, it's more work than they had imagined. At worst they will seek therapy after getting through all of it. Only this week we had a client email us as they are getting ready to put their house up for sale. There are a number of small painting projects that seemed manageable. They had committed to hire a professional painter to handle the big stuff, so a few little areas seemed reasonable. Half way into the five-foot square bathroom they were ready to jump out of the window. I believe they did finish, but needless to say the professional will be getting the rest of the house. Home owners rarely have the experience, tools, time, and of course the patience to take on the apparently "do-it-yourself" project, especially when they are under the gun. A contractor or handy man comes to the job prepared; they usually don't have to run out to the store every five minutes because they didn't plan properly. They also have the experience to do the job in about one third the time it takes for the average home owner to do it. They look at the work as a job, and while you're at the office doing yours, they're at your home doing theirs. When you get back in the evening the job is completed professionally, usually without the throwing of objects or the loosing of tempers. If it's not done correctly it's not your responsibility to fix it. I love to take on projects, but I'm the first to admit that when you are getting your house ready to sell, leave it to the professionals. Take a step back and let someone that does this type of work ALL THE TIME do it for you. Save your energy for the new residence, because that's where you want to be anyway. If you're not sure who to get for the job then call your Realtor. They are a wealth of information with lists of contractor contacts and recommendations. John VanderSyde is an Associate Broker with Virginia Properties, A Long & Foster Company, and is also a Licensed Architect. He and his wife Ann are business partners who believe that HOME is a lifestyle choice. You can learn more about Ann & John by visiting www.InSydeHomes.com or by calling (804) 282-7300

Is there Sustainable Growth in Real Estate?

Wed, 12 May 2010 04:07:52 -0700

According to investment experts like Warren Buffett and Bruce Norris, as well as many real estate educators and market economists, and even the assistant secretary of the U.S. Department of Housing and Urban Development, David Stevens, there is perceived sustainable growth in the housing market. The key to all if this of course is security in the job market leading to greater consumer confidence, as well as consistently stable, and remaining relatively low, interest rates. I can't honestly imagine it's all that simple, but after observing first quarter sales increases in Richmond, one begins to wonder if the tide in real estate isn't again shifting, however subtle it may be at the moment. We must also ask how much of a role the "buyer tax credit" plays in this, but it's safe to say it has certainly helped to get things moving again. It is too early to tell. Nevertheless, it is refreshing to see mid and upper price point homes moving again too, contributing to a stabilization of median sales prices. What does this mean for us as home owners, buyers and sellers? First, we know it currently remains a buyer's market, with higher than normal listing inventories and competitive pricing strategies. It also means that there are excellent opportunities for buyers and sellers. Purchasers may enjoy more time to selectively shop their next home, and to purchase at a great value. Sellers are realizing that price and condition determine the length of time and the amount of money they will get on their sale; competitive pricing and move-in ready condition will return a quick sale at a higher price than other homes nearby. As always, consult your most trusted real estate advisor for complete and up to the minute details about your property and the current housing market. It remains a great time to buy and sell homes! Ann & John VanderSyde are 2009 Sales team of the Year with Virginia Properties, A Long & Foster Company. You can learn more about Ann & John by visiting their website www.InSydeHomes.com or by calling (804) 282-7300

How Do Teams in real Estate Work?

Wed, 17 Mar 2010 04:12:57 -0700

I love my wife Ann, who is also my business partner; she does all the honest-to-goodness work while I write articles about real estate or the housing market and purport to be an "expert" at something. She is decently civil about the whole thing too, and complements me by saying how we each contribute different things to the job, which is after all why we work so well together. I have decided to politely agree with her on this point. I am blessed because I know that, while there are a number of successful husband/wife teams in real estate, there are a lot of folks out there that cannot understand this relationship - working and otherwise. I know this because people tell each of us in all seriousness that they could no more work with their spouse than fly like a bird! Or they will project their experience by saying, "You'll be divorced in less than a year". Well, thankfully, I am pleased to report we are still together, making it work after nearly three years in business and over twenty years of marriage. Fortunately, I suppose, most partnerships don't involve marriage. I've been in housing in one form or another since 1986, and a Realtor/Broker for more than seven years. I've seen lots of partnership business models. Some work seamlessly well, while others fall through gaps in the seams. The ones that seem to survive appear to succeed as Ann said, because each member of the team contributes to the effort equally. Each person is either pulling in the same amount of business, or provides another talent that is indispensible to the business. Either way, partners feel their efforts are valued, and that their counterpart is doing their share of the work too. I suppose teams in real estate work just like any other relationship - hard work, dedication, appreciation, mutual respect, sharing and caring to name a few. It kind of makes me feel like I'm back in kindergarten or something, but isn't that where we started to first learn our most basic and important lessons for life anyway? If you're interested in a partnership, find someone you like and trust and give it a few test runs together to see if it works. Unlike marriage, if it doesn't work out simply find someone else with whom to try it. A good partnership may take some time to find the best fit. I had the advantage of a long relationship to fall back on, but then I've always been a slow learner. John VanderSyde is an Associate Broker with Virginia Properties, A Long & Foster Company, and is also a Licensed Architect. You can learn more about Ann & John VanderSyde By visiting their website www.InSydeHomes.com or by calling (804) 282-7300

What Do Statistics Tell Us About the Housing Market?

Wed, 24 Feb 2010 04:14:54 -0800

I love the National Association of Realtors; they have stats for everything. If you want to see the latest market stats, trends and projections, I feel this is one of the first websites to visit. For instance they tell you that the number of first-time home buyers rose to 47%, up six percent over this time last year, the highest on record dating back to 1981. They tell you the median price of homes, where down payments come from, what the age is of buyers and sellers, and that 80% of consumers still choose full service agent representation when buying or selling property and why. It's important to realize home sales are up over last year, in part driven by the extended tax credit, an increase in housing affordability, but also due to pent up demand and personal change of circumstance. According to some economist, we can expect a surge in the housing market this spring, signs for which are already present as we see a greater number of homes coming into the market. It is even more exciting to note the increase in activity above the first-time home buyer level. The prediction is that home sales are on track to increase in the coming year. All of this information is supported by statistics. These stats do not necessarily mean that home prices are going to be on the rise. If we are fortunate they will stabilize as we realize that housing affordability is on the increase. The NAR Housing Affordability Index measures whether or not a "typical family" can qualify for a mortgage loan on a "typical home". Typically, this is defined at length on the aforementioned NAR web site. What it tells us is that more people today have more than enough income to qualify for a home loan. Nevertheless, all of this is dependent on the job market and consumer confidence. The continued creation of jobs will be instrumental to the success of a recovery in housing, no matter what statistics you reference. I remain patently optimistic as the real estate market improves - statistically speaking. John VanderSyde is an Associate Broker with Virginia Properties, A Long & Foster Company, and is also a Licensed Architect. You can learn more about Ann & John VanderSyde By visiting their website www.InSydeHomes.com or by calling (804) 282-7300