real estate trends: The Garage is Often Overlooked and Under Designed - 11/17/10 05:28 AM
  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 … (0 comments)

real estate trends: Who are the Real Estate Experts? - 10/06/10 09:21 AM
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 … (1 comments)

real estate trends: Who Is Saying It is Time To Buy a Home? EVERYONE! - 09/22/10 06:34 AM
     
"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 … (0 comments)

real estate trends: Richmond's Small Town Charm Offers Hope & Optimism - 09/09/10 07:56 AM
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 … (2 comments)

real estate trends: Follow up Post - What's the wait . . . - 09/09/10 06:50 AM
  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 … (0 comments)

real estate trends: What is the wait in our Richmond Real Estate Market - today? - 09/08/10 11:32 AM
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 … (0 comments)

real estate trends: Home Trends; Quality over Quantity: - 08/27/10 10:06 AM
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 … (0 comments)

real estate trends: Do-it-Yourself is Overrated! - 06/07/10 10:36 AM
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 … (2 comments)

real estate trends: Is there Sustainable Growth in Real Estate? - 05/12/10 04:07 AM
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 … (1 comments)

real estate trends: How Do Teams in real Estate Work? - 03/17/10 04:12 AM
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 … (2 comments)

real estate trends: What Do Statistics Tell Us About the Housing Market? - 02/24/10 04:14 AM
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 … (0 comments)

real estate trends: Web-cast Social Networking – Meaningful or Mind-boggling? - 02/05/10 03:26 AM
 Just this week I attended a "social networking" seminar with four-hundred of my favorite local realtors. It was a company event sponsored by our principal broker, Long & Foster. I'm not sure what was anticipated by the other agents in the room, but I was quite frankly surprised by some of the presentation.
 I consider myself to be relatively computer literate. Computer savvy may be pushing it, but I manage myself online fairly well, and I'd venture say, as well or better than a lot of Realtors who do it themselves. I manage & maintain accounts on Facebook, Trulia, Active Rain, … (4 comments)

real estate trends: Activity in Richmond Real Estate – Forecast “More Snow” - 02/05/10 01:44 AM
It's snowing! Again!!!
 What a week for real estate. Tell people they are snowed in an unable to see homes and the phone starts ringing. They say, "If you ever want to get busy, plan a vacation"; I suppose the forecast for more snow is similar to this concept. But in all honesty, it is probably just that people are ready to get moving again after an extended period of inactivity. The notion that we "can't get out" fuels the need to do something sooner rather than later. I hope this is the precursor to a vibrant spring market this year!
(0 comments)

real estate trends: Activity in Richmond Real Estate - Forecast "Snow" - 01/30/10 01:09 AM
  It's snowing! An appropriate end to the week; we should have winter precipitation once in a while in Richmond to remind us of the change in seasons. And on a Saturday when there is no real pressure to go anywhere, we can attempt to enjoy it a little too. There is also the comfort of knowing it won't hang around long as temperatures rise next week - The business of real estate sales will not be put off for long.
 I continue to be encouraged by the increase in real estate activity. The news in general is cautious but good. The … (2 comments)

real estate trends: Activity in Richmond Real Estate - Week Three of 2010 - 01/22/10 01:53 AM
 It's been another busy week in Richmond real estate. I love the way this year seems to be moving toward a renewed interest in homes. In spite of some still rather unpleasant housing news, there is activity in the market that supports the fact that people will not sit on the fence forever. This is perhaps the most affordable time in which many of us have lived to by a house, which is being reflected in the growing sales totals in all price ranges.
 I also think it's refreshing that folks seem to be looking at real estate as a "home" … (0 comments)

real estate trends: The New Year in Richmond Real Estate - 01/09/10 05:08 AM
 I have made it through the first week of the New Year. After last year it feels like some congratulations are in order? Well, not really, I suppose, because there is a lot of ground to cover in order to determine if the real estate business-plan we have developed for 2010 will be successful. In fact another fifty-one weeks to be exact. However, after the past year I am eternally optimistic about the up-swing in housing. In spite of all the predictions, prognostications, advice and guess-work out there in the market-place, I feel that good things are on the horizon in … (0 comments)

real estate trends: What's next on the Tax Credit Front? - 11/23/09 06:12 AM
 As you know, it was recently announced "the government expanded the first-time homebuyer tax credit through April 30th, 2010, and added a new homebuyer tax credit for existing homeowners who are interested in purchasing a new home. With mortgage rates still at historic lows, and plenty of affordable homes on the market, this may be a great time to buy." In fact, this may be the most affordable housing market that many of us have seen in our lifetimes.
 So what does this mean for home buyers and sellers? Well, for starters, it may translate into an earlier than normal "spring … (3 comments)

real estate trends: Is the Government Tax Credit Really Going to Expire? - 10/29/09 07:10 AM
 WHO KNOWS!   At this point reports regarding extending the government tax credit seem to be changing by the hour. On Monday reports stated it would under no circumstances be extended; by Thursday the media was a-buzz with a potential compromise that will extend the timeframe. The on-again/off-again tax credit extension includes numerous revisions of what may be included if it survives the current November 30th deadline. By the time you read this, it may have changed yet again!
 Regardless of the pending tax credit compromise, market indicators point to the probability that home sales will continue to improve in our area … (0 comments)

real estate trends: When is the best time to buy or sell real estate in Richmond? - 08/11/09 06:44 AM
 Statistics show that the spring months tend to be the best time to buy or sell a home in Richmond. After being cooped up all winter we are ready for change with the arrival of warm weather and fresh foliage. We are fortunate in Richmond to have a robust fall market as well. Once again, due in part to our mild temperatures, the fall offers opportunities to collect ourselves as we prepare to settle down for the winter, and this attitude is reflected in property sales.
 In contrast, August is the slowest month for home sales just ahead of December. One … (0 comments)

real estate trends: Where Do You Get Your Housing News? - 07/28/09 08:20 AM
 In Richmond, Virginia, should we believe the news recently reporting that the real estate market is finally turning the corner? Notice I didn't say "improving". Nevertheless, media reports have been more forthcoming with increased frequency about where the housing market is these days, and that perhaps we hit bottom back in December. I'm also getting reports from other parts of the country claiming more positive housing trends.
 So why do we need the media to tell us that things are getting better? I've spent the last six months evaluating the market in order to better counsel my buyers and sellers. I've … (0 comments)

 
John VanderSyde, Associate Broker - Richmond VA (Virginia Properties, A Long & Foster Co.)

John VanderSyde

Associate Broker - Richmond VA

Richmond, VA

More about me…

Virginia Properties, A Long & Foster Co.

Address: 412 Libbie Ave, Suite 200, Richmond, VA, 23226

Office: (804) 282-7300

Mobile: (804) 683-9181

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