Lower Housing Inventory & Prices Are On the Rise

Dave Stevens, CEO of the MBA of America and former FHA Commissioner, spoke recently in Richmond. He addressed the inventory levels in housing and the huge Echo boomer generation of buyers that is coming of age.
There are some signs of bright spots out there! And a bullish future. The attached Wall Street Journal article looks like we are taking a step in the right direction.

http://blogs.wsj.com/developments/2011/12/20/already-low-housing-inventory-drops-more/

Wishing everyone a very merry Christmas and all the best in 2012!

Westover Hills - SOLD

4714 Sylvan RD

Richmond, VA 23225

$255,000

Quaint, 1930's Cottage in Heart of Westover Hills! Tons of Old Richmond Charm...Open First Floor and Updated Throughout. Arched Doorways, Gorgeous HW & Pine Floors, Tall Ceilings, Plantation Shutters, Tons of Natural Light, and Finished Upstairs...Great Renovation Retaining Vintage Character and Integrity. Mature Landscaping and Privacy Galore. Great Home For Entertaining. Rear Ally and Detached One Car Garage. SOLD!!!

Call Today to Buy or Sell Your Next Home!

Positive Predictions for 2012 Housing Market

Barclays analyst sees housing rebound coming in 2012

http://www.housingwire.com/2011/12/05/barclays-analyst-sees-housing-rebound-coming-in-2012?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29

New Listing - (Chesterfield - Area 62)

The Grove

567 Coalbrook DR

Midlothian, VA 23114

$378,900

Property Website: http://567coalbrookdr.epropertysites.com/

Virtual Tour: http://567coalbrookdr.eproptours.com/

Stunning one owner home recently decorated and is loaded with many upgrades.  First floor office with French doors, vaulted family room, wonderful kitchen/gas stove and two pantries, banquet dining room, tray ceiling and formal living room.  Four large bedrooms plus a children room on the second floor with three full baths, master suite is to die for with water closet and jetted tub. Home is decked out with heavy mouldings, upgraded 42" cabinets, transoms, screened porch and huge adjacent deck, also large amount of storage area under home in high crawl area.  Yard is professionally maintained with irrigation throughout.  Great floor plan and home is a must see!

Bankruptcy Property (Chesterfield - Area 52)

Meadowdale

6121 Philbrook RD

Chesterfield, VA

$100,000

http://6121philbrookrd.epropertysites.com/

NEW LISTING - West End/Henrico Townhome

Pemberton Oaks Townhouses

2908 Queensland DR

Richmond, VA 23294

Offered at $179,000

http://2908queenslanddr.epropertysites.com/

Won't Last Long!!! Don't Miss this Opportunity!!!

SOLD/CLOSED - 59 Days!!!

Salisbury

2550 Radstock RD

Midlothian, VA 23113

$459,900

http://2550radstockrd.epropertysites.com/

CALL ME TODAY TO BUY OR SELL YOUR NEXT HOME!!!

Luxury 2 Bed/2 Bath Condo FOR LEASE - Downtown Richmond

Vistas on the James

301 Virginia ST, Unit #1002

Richmond, VA 23219

http://301virginiastunit1002.epropertysites.com/

Stunning 2 bedroom, 2 bath Downtown Condo with Spectacular City Views. Gourmet Kitchen with Stainless Steel Appliances and Granite Counter Tops open to the Spacious Living Room with Mounted Flat Screen TV. Walking distance to Corporate Richmond, Downtown Bars and Restaurants, Historical Attractions, and Close Interstate Access. This unit comes with 2 Parking Spots, a state of the art Gym/Workout Facility, and Club Room/Rec Center for bigger entertaining with Pool Table/TV/Kitchen, etc. Condo Fee paid in Rent and includes Internet, Phone, and Cable.

Westhampton Cape OPEN HOUSE - 10-2

6508 W Franklin ST

Richmond, VA 23226

$259,950

Open House Today 10-2

http://6508wfranklinst.epropertysites.com/

Quaint 3 Bedroom 1.5 Bath Cape Located on Extremely Charming Block, Set on Freshly Landscaped Lot. Interior Includes Hardwood Floors Throughout, Brick Wood Burning Fireplace, Bedroom on First Floor with Attached Half Bath, Recently Renovated Kitchen with Pantry, Full Dormer Windows Along Rear, Gas Heat, Security System, Detailed Mouldings Throughout, & Updated Hall Full Bath Upstairs. Exterior has a Spacious Screened-In Side Porch with a Ceiling Fan, Rear Shed, Drainage System, Large Rear Slate Patio, Privacy Fenced In Backyard, All Brick Maintenance Free Exterior. New High End Energy Efficient Windows Throughout. Freshly Painted. Just a walk from Shopping, Restaurants, & Your Every Day Necessities. Easy Access to All Major Interstates. City Living + County Taxes = Ultimate Location!!! 

Luxury 2 Bed/2 Bath Condo FOR LEASE - Downtown Richmond

Vistas on the James

Unit #1002

301 Virginia ST

Richmond, VA 23219

Only $2,200 per month

(Including Condo Fee = Gym, Club/Rec Room, and Phone, Internet, Cable)

Property Web Address: http://301virginiastunit1002.epropertysites.com/ 

Virtual Tour: http://www.eproptours.com/tour/play.htm?vid=301virginiastunit1002

Stunning 2 BEDROOM/2 BATH Downtown Condo with SPECTACULAR CITY VIEWS. GOURMET KITCHEN with Stainless Steel Appliances and Granite Counter Tops open to the SPACIOUS LIVING ROOM with Mounted Flat Screen TV. Walking distance to Corporate Richmond, Downtown Bars and Restaurants, Historical Attractions, and Close Interstate Access. This unit comes with 2 PARKING SPOTS, a state of the art GYM/WORKOUT FACILITY for residents ONLY, and CLUB/REC ROOM for bigger entertaining with Pool Table/TV/Kitchen, etc. CONDO FEE INCLUDED in Rent. 

SOLD - 10 days!!! (Chesterfield - Area 64)

Kings Farm

3413 Brewton Way

Chesterfield, VA 23113

$464,900

http://3413brewtonway.epropertysites.com/

This wonderful 5 br, 4 bath home on a corner lot features spacious LR,DR, Cook's kitchen and spectacular 2 story family room with stone gas F/P and surround sound. Rare 1st Fl BR/Office with private bath is a plus as is the finished 3rd Fl Rec rm with attic access and surround sound.  Offering many amenities such as upgraded stainless appliances, granite counters, cherry cabinets, member crown, chair rail and much more. There is a 2-car garage, 3 zone heat and a/c, irrigation system. Master bath has 2 spacious vanities, shower and jetted tub, two bedrooms are joined by a jack & jill bath and there is an additional bedroom with full bath.  The 2 car attached garage is located to the side, large deck overlooking backyard & mature trees. Front & side yard irrigation system. 



UNDER CONTRACT - Westover Hills (Area 60)

4714 Sylvan RD

Richmond, VA 23225

$255,000

http://4714sylvanrd.epropertysites.com/

Quaint, 1930's Cottage in Heart of Westover Hills! Tons of Old Richmond Charm...Open First Floor and Updated Throughout. Arched Doorways, Gorgeous HW & Pine Floors, Tall Ceilings, Plantation Shutters, Tons of Natural Light, and Finished Upstairs...Great Renovation Retaining Vintage Character and Integrity. Mature Landscaping and Privacy Galore. Great Home For Entertaining. Rear Ally and Detached One Car Garage.

UNDER CONTRACT - Bon Air (Area 64)

7917 Jahnke RD

Chesterfield, VA 23235

$165,000

http://7917jahnkerd.epropertysites.com/

Must See this Remarkable Transformation. Brand New Roof. Brand New Vinyl Energy Efficient Windows. Maintenance Free Brick/Vinyl Exterior. Fresh Paint Throughout. Gorgeously Renovated Eat-In Kitchen with Breakfast Bar and Tons of Cabinets. New Flooring Throughout. Fully finished WalkOut Basement with Fire Place and Mud Room. New Light Fixtures and Fans Throughout. Renovated Bathrooms. Huge Lot with Park Like Setting. Recessed Lighting. Tons of Natural Light. All New Systems, Including Brand New Central Air/Heat Pump. Finished Full Walkout Basement with Fireplace and Mud Room. Wide Driveway with Carport. Convenient to Shopping, Restaurants, Hospital, Interstates, etc. and PRICED TO SELL!!!

Near WestEnd Cape - Price Reduction & Bocca Toscana Gift Certificate

6508 West Franklin ST

Richmond, VA 23226

$10K PRICE REDUCTION...$259,950

&

$100 Gift Certificate for Buyer to Best Italian Restaurant In Town (Bocca Toscana)...located at Village Shopping Center minutes away!!!

http://6508wfranklinst.epropertysites.com/

Quaint 3 Bedroom 1.5 Bath Cape Located on Extremely Charming Block, Set on Freshly Landscaped Lot. Interior Includes Hardwood Floors Throughout, Brick Wood Burning Fireplace, Bedroom on First Floor with Attached Half Bath, Recently Renovated Kitchen with Pantry, Full Dormer Windows Along Rear, Gas Heat, Security System, Detailed Mouldings Throughout, & Updated Hall Full Bath Upstairs. Exterior has a Spacious Screened-In Side Porch with a Ceiling Fan, Rear Shed, Drainage System, Large Rear Slate Patio, Privacy Fenced In Backyard, All Brick Maintenance Free Exterior. New High End Energy Efficient Windows Throughout. Freshly Painted. Just a walk from Shopping, Restaurants, & Your Every Day Necessities. Easy Access to All Major Interstates. City Living + County Taxes = Ultimate Location!!!  

Rumors Aside, Housing Lives!!!

In the Commentary section of yesterday's Richmond Times Dispatch, Laura Lafayette (COO of the Richmond Association of Realtors) wrote a beautiful article about the vitality of our local real estate market.

Using Mark Twain's "the rumors of my death have been greatly exaggerated," she illustrates the current state of our housing industry, understanding we have suffered a mighty blow, but we are not dead yet!

"In fact, for individuals who wish to purchase their first home, for homewaners who need a bigger house or for investors who want to increase their portfolio of rental property, it's hard to imagine a more favorable housing market than the one that currently exists."

The national media constantly pushes negative headlines regarding the national unemployment crisis, the influx of foreclosures that have saturated our markets and driven down prices, and how difficult it is to qualify for a mortgage in today's lending market; instead of focusing on these issues that plague our economy, we need to concentrate on our own employment status, our own financial status, and the current conditions of the Richmond market. 

The Fed has committed themeselves to keeping  interest rates low through the end of 2012, but they will have to rise at some point and when it does, those who have not purchased will have lost out!

"The next time you drive by that For Sale sign, think about the ownership opportunity that sign represents for you or others, and think about the difference that sign makes for our collective, economic health. When the housing market performs well, we all win!"

http://www2.timesdispatch.com/news/commentary/2011/oct/23/tdcomm01-rumors-aside-housing-lives-ar-1401037/

Richmond Home Sales Up From 2010!!!

The number of people who purchased resales Nationwide in September dropped about 3%, according to an article in the Richmond Times Dispatch this morning.

"The Richmond area has been hurt as well but is on track to do better this year than a year ago. Thus far, home sales in the Richmond region continue to outpace 2010 sales, which is remarkable considering last years production was stimulated by a tax credit that spured a great deal of buying."

This is due in large part by historically low interest rates, which the Fed has assured will remain low through December of 2012. Two weeks ago, a 30 year fixed rate mortgage fell below 4% to 3.94% which was the lowest ever recorded, according to the National Bureau of Economic Research...today, rates on a 30 year fixed mortgage are still hovering around 4% and even better on a 15 year mortgage.

If you have good credit, can afford a down payment, and have job security there has surely never been a better time to buy. Money can't stay this cheap forever and housing market trends indicate that conditions are beginning to improve, so don't miss this opportunity and CALL ME TODAY!

Don't Miss This Opportunity!!!

In an article from this past weekend's Washington Post, Danielle Douglas explores the age old question of renting or buying for young professionals.

With historically low mortgage rates (dipping below 4% for the first time EVER this month), depressed home values (bubble burst in '07), and signs of the real estate market stabalizing in the stronger areas of the Richmond market (2011-12), could their be a better time to buy? 

"A new analysis by research firm Capital Economics this week found that U.S. median mortgage payments have reached the same price as median rental payments."

If you are interested in exploring the option to rent or buy, I can research homes on the market that fit your criteria and I can also put you in touch with a leading mortgage expert to discuss the financing piece with you. I am happy to help in any capacity and would be honored to assist you!

http://www.washingtonpost.com/realestate/young-professionals-contemplate-the-rent-vs-buy-debate/2011/10/02/gIQA6eqzjL_story.html

$40K Price Reduction!!! Area 64 - Chesterfield

Spring Creek Subdivision

11914 Spring Creek DR

Midlothian, VA 23113

New Price: $729,000

http://patgee.valuedagent.com/purl/property.htm

WOW! This beautiful home offers so much! Custom built by Mike Dumont and located on a lot with nicely matured landscaping.  Very serene setting!!  Home offers 4,364 sq.ft. plus an additional 768 sq.ft. pool house/guest house with resort like swimming pool.  Perfect for a live-in au pair/nanny, housekeeper or overnight guests. There are 4 bedrooms as well as the third floor of home has been finished and includes a full bath.  This area could be used as a 5th bedroom.  There is another bedroom, kitchen and 2 full baths in the guest house.  One bath services the pool guests.  The walk-out basement is bright, finished and opening to a brick patio.  Too many amenities to list here.  Come see this competitively priced GEM of a home! 

UNDER CONTRACT - Hanover (Area 44)

Christian Ridge Subdivision

8251 Christian Ridge RD

Mechanicsville, VA 23111

http://www.eproptours.com/tour/play.htm?vid=8251christianridgedr

The Berkeley - Beautiful brick front estate home with finished basement.  First floor has living room, dining room, butler's pantry, kitchen with breakfast nook and bar.  Family room, half bath and office with full bath off the kitchen.  Large master suite with huge walk-in closet off the bath which has separate soaking tub;  also, an additional 3 bedrooms and bonus room. Attic framed for finishing. Basement has rec rm. full bath and additional room for exercise or media.  A deck, patio and large fenced lot complete the picture.  Freshly painted in neutral colors throughout and professionally cleaned and in ready to move in condition.

Too late for this one, but let me know how I can help you buy or sell your next home!!!

What's Your Equity?

All we hear in the news today is how bad the real estate market is; however in today's Richmond Times Dispatch, Kenneth R. Harney puts a different spin on home values for homeowners. Although property values may not be what they were a few years ago, many people in this market still have equity in their home. It all depends on location, improvements, and how long you have been in the home. Homes were never meant to be bought and sold every few years; that market was inflated and artificial! People who have lived in their homes for more than a few years and made improvements over that period, more than likely would be pleasantly suprised.

http://www2.timesdispatch.com/business/business/2011/oct/01/tdbiz04-kenneth-r-harneys-the-nations-housing-for--ar-1350196/

To find out what kind of equity you have in your home, or learn more about buying a home, don't hesitate to let me know!

NEW LISTING - (Hanover - Area 36)

Milestone Subdivision

11181 Manor View DR

Mechanicsville, VA 23116

Listed for $379,500

http://tour.circlepix.com/J5W4EM

Lovely home situated on corner lot on quiet cul de sac street.  Immaculatae with spacious rooms including formal living rm and dining rm, eat-in kitchen with granite counters and undermount lighting, bar, pantry and upgraded cabinets, family room with fireplace and a front and rear staircase. Upstairs there are 4 spacious bedrooms including the master with walk in closet and luxurious bath. The 3rd floor is finished and could be used as a multi-media room, recreation room, office, man cave or playroom.  There is a large rear deck with fenced back yard and a workbench in the garage.  Heavy matured landscaping rear and front.   A MUST SEE!!!!

UNDER CONTRACT - SALISBURY

2550 Radstock RD

Midlothian, VA 23113

Listed $459,900

Property Web Site: http://2550radstockrd.epropertysites.com/

Meticulously maintained Dutch Colonial in sought after Salisbury Subdivision on Salisbury Country Club Golf Course. Screened gazebo & deck. Remodeled kitchen with new cabinetry, granite counters, breakfast bar, appliances, & tile floors. Large utility room off garage. Refinished HW flrs throughout rest of home, with remodeled MSTR bath & half bath on the first level. Heavy moldings throughout. Maintenance free brick and vinyl exterior. Upgraded electrical pre wired for generator. New tilt out vinyl windows throughout. Accomodating Driveway. 2 pull down attics, great storage. Vaulted ceiling in great/sun room with gas fp. New Ductwork/New Heat Pump/New Gas Furnace '05. 50 year dimensional asphault roof '04. ONE CAR GARAGE BUT ENDLESS POTENTIAL FOR MULTICAR OPTIONS!!!

Negative Equity Rampant in the 804

A recent study by CoreLogic revealed nearly a quarter of Richmond area homeowners were underwater in their mortgages, meaning they owe more on their property than what the home is worth in today's market.

Many Richmonder's who bought their home during the real estate height (between 2004 & 2007) have little to no equity today. This bubble burst combined with sporadic predatory lending practices during that period, have caused an influx of short sale and foreclosure inventory.

If you are in the market to buy, this is the time to do it while interest rates are historically low and home values are depressed during this real estate pandemic. If you don't have to sell, DON'T! If you do have to sell because you are being relocated, you cannot afford to stay in your home, etc. you need a dedicated real estate professional to get the job done, now more than ever!

Please do not hesitate to contact me if I can be of service in any capacity...


http://www2.timesdispatch.com/business/business/2011/sep/14/under-water-mortgages-mount-in-richmond-area-ar-1307266/



  

New Listing - Area 64 (Reeds Hill Subdivision)

11914 Spring Creek Drive

Chesterfield, VA 23113

$769,000

Virtual Tour: http://11914springcreekdr.eproptours.com/

WOW! This beautiful home offers so much! Custom built by Mike Dumont and located on a lot with nicely matured landscaping.  Very serene setting!!  Home offers 4,364 sq.ft. plus an additional 768 sq.ft. pool house/guest house with resort like swimming pool.  Perfect for a live-in au pair/nanny, housekeeper or overnight guests. There are 4 bedrooms as well as the third floor of home has been finished and includes a full bath.  This area could be used as a 5th bedroom.  There is another bedroom, kitchen and 2 full baths in the guest house.  One bath services the pool guests.  The walk-out basement is bright, finished and opening to a brick patio.  Too many amenities to list here.  Show and sell this competitively priced GEM of a home!

Property WebSite: http://11914springcreekdr.epropertysites.com/

SOLD in 10 Days!!! Area 64 (Kings Farm Subdivision)

3413 Brewton Way

Chesterfield, VA 23113

$464,900

Virtual Tour: http://3413brewtonway.eproptours.com/

This wonderful 5 bedroom, 4 bath home on a corner lot features spacious formal Living Room & Dining Room, Chef's Kitchen, & spectacular 2 story Family Room with stone gas Fireplace and surround sound. Rare 1st Floor Bedroom/Office with Private Bath is a plus as is the Finished 3rd Floor Bonus Room with attic access and surround sound.  Offering many amenities such as Upgraded Stainless Appliances, Granite Counters, Cherry Cabinets, Member Crown & Chair Rail Mouldings & much more. There is a 2-Car Garage, 3 zone Heat and A/C, Irrigation System. Master Bath has 2 spacious vanities, Shower and Jetted Tub, 2 Bedrooms are joined by a Jack & Jill bath and there is an additional Bedroom with Full Bath.  The 2-Car Attached Garage is located to the side, Large Deck overlooking backyard & mature trees. Front & side yard irrigation system. 

Property WebSite: http://3413brewtonway.epropertysites.com

HUGE Price Reduction - Hanover

Christian Ridge Subdivision

8251 Christian Ridge DR

Mechanicsville, VA 23111

Paid $565,000...Just Reduced to $365,000...Don't Miss This Opportunity!!!

The Berkeley - Beautiful brick front estate home with finished basement. First floor has living room, dining room, butler's pantry, kitchen with breakfast nook and bar. Family room, half bath and office with full bath off the kitchen. Large master suite with huge walk-in closet off the bath which has separate soaking tub; also, an additional 3 bedrooms and bonus room. Attic framed for finishing. Basement has rec rm. full bath and additional room for exercise or media. A deck, patio and large fenced lot complete the picture. Freshly painted in neutral colors throughout and professionally cleaned and in ready to move in condition.

New Listing - Chesterfield 4 bed,2.5 bath Dutch Colonial

Greenfield

1112 Savoy RD

Chesterfield, VA 23235

Property Site: http://11112savoyrd.epropertysites.com/

Offered at $189,950

Very charming and spacious Dutch Colonial in Greenfield Subdivision with four bedrooms, two and a half baths, and over 2,400 finished sq.ft.  A large flat lot with a fenced in back yard.  Home offers hardwood floors in most rooms, large kitchen with white cabinets, large adjoining dining room, family room with a fireplace, rec room and large deck.  Great home for an active family. Washer and Dryer do convey.  Master has attached full bath, additional full bath with shower on lower level, and half bath on upper level. Don't miss this great opportunity!

Open House (1-4pm) - Cute 3 bed,1.5 bath Cape in Westhampton Area

Monument Hills

6508 W Franklin ST

Richmond, VA 23226

Listing Website: http://6508westfranklinst.epropertysites.com

Offered @ $269,950

Quaint 3 Bedroom 1.5 Bath Cape Located on Extremely Charming Block, Set on Freshly Landscaped Lot. Interior Includes Hardwood Floors Throughout, Brick Wood Burning Fireplace, Bedroom on First Floor with Attached Half Bath, Recently Renovated Kitchen with Pantry, Full Dormer Windows Along Rear, Gas Heat, Security System, Detailed Mouldings Throughout, & Updated Hall Full Bath Upstairs. Exterior has a Spacious Screened-In Side Porch with a Ceiling Fan, Rear Shed, Drainage System, Large Rear Slate Patio, Privacy Fenced In Backyard, All Brick Maintenance Free Exterior. New High End Energy Efficient Windows Throughout. Freshly Painted. Just a walk from Shopping, Restaurants, & Your Every Day Necessities. Easy Access to All Major Interstates. City Living + County Taxes = Ultimate Location!!!

Virtual Tour: http://6508wfranklinst.eproptours.com

NEW LISTING - Westhampton Area

Monument Hills

6508 W Franklin ST

Richmond, VA 23226

Listing Website: http://6508westfranklinst.epropertysites.com

Offered at $269,950

Quaint 3 Bedroom 1.5 Bath Cape Located on Extremely Charming Block, Set on Freshly Landscaped Lot. Interior Includes Hardwood Floors Throughout, Brick Wood Burning Fireplace, Bedroom on First Floor with Attached Half Bath, Recently Renovated Kitchen with Pantry, Full Dormer Windows Along Rear, Gas Heat, Security System, Detailed Mouldings Throughout, & Updated Hall Full Bath Upstairs. Exterior has a Spacious Screened-In Side Porch with a Ceiling Fan, Rear Shed, Drainage System, Large Rear Slate Patio, Privacy Fenced In Backyard, All Brick Maintenance Free Exterior. New High End Energy Efficient Windows Throughout. Freshly Painted. Just a walk from Shopping, Restaurants, & Your Every Day Necessities. Easy Access to All Major Interstates. City Living + County Taxes = Ultimate Location!!!  

Virtual Tour: http://6508wfranklinst.eproptours.com

UNDER CONTRACT - Brandermill

3500 Walkers Ferry CT

Midlothian, VA 23112

$239,500

Brandermill contemporary home with lots of light, openness, windows, vaulted ceilings and skylights, even has a view of the Swift Creek Reservoir. Stone Fireplace, First and Second /floor Master Suites, bathrooms have been remodled, sauna, tile, eat-in kitchen, front and rear decks, corner lot, rear fenced yard, carport and circular drive, newer roof, very charming and loads of character, DON'T miss this unique opportunity to be across the lake in this price range!

Call us today to buy or sell your next home!

Good Tips For Home Buyers in Today's Market...

Erratic trends in the stock market make it unappealing to many. If you have money to invest, and are sceptical of our current financial market conditions, it may not be a bad time to turn to Real Estate...with Historically Low Interest Rates, Attractive Mortgage Products, and Depressed Real Estate Values, it looks to be a recipe for a home run.

Whether you are looking to invest in rental property, or looking to leave renting behind and become a first time home owner, or looking to step up into your next home, there are some factors worth considering in the link below.   

http://realtytimes.com/rtpages/20110809_decide.htm

I am here to help in any capacity...should you have any interest in buying or selling your home, please contact me for more information.

New Listing - Chesterfield Ranch with Basement

7917 Jahnke Rd

Chesterfield, VA 23235

$189,950

http://7917jahnkerd.epropertysites.com/

Must See this Remarkable Transformation. Brand New Roof. Brand New Vinyl Energy Efficient Windows. Maintenance Free Brick/Vinyl Exterior. Fresh Paint Throughout. Gorgeously Renovated Eat-In Kitchen with Breakfast Bar and Tons of Cabinets. New Flooring Throughout. Fully finished WalkOut Basement with Fire Place and Mud Room. New Light Fixtures and Fans Throughout. Renovated Bathrooms. Huge Lot with Park Like Setting. Recessed Lighting. Tons of Natural Light. All New Systems, Including Brand New Central Air/Heat Pump. Finished Full Walkout Basement with Fireplace and Mud Room. Wide Driveway with Carport. Convenient to Shopping, Restaurants, Hospital, Interstates, etc. and PRICED TO SELL!!!

Finished Walk Out Basement

Informal Living Room and Dining Room

Mud Room

Family Room

Huge Bedroom

Remodeled Kitchen

UNDER CONTRACT

GASLIGHT

404 Gaslight TER

Richmond, VA 23229

$499,500

This quality custom built Colonial home has all the traditional details. Formal rooms and a wonderful spacious flow on the first floor plus a bright kitchen with island and breakfast area make it perfect for entertaining.  The four bedrooms include a huge master suite.  The Florida room and large tiered deck (one section is covered by awning) look out over a beautifully landscaped cul de sac lot.  The home has been recently redecorated and the kitchen updated with granite island and countertops, dual cooktop (gas & electric), and a 2 car rear entry garage.

Call us to Buy or Sell your next home today!!!

New Listing - Salisbury

Salisbury

2550 Radstock RD

Midlothian, VA 23113

$459,900

http://2550radstockrd.epropertysites.com/

 Meticulously Maintained Dutch Colonial with Maintenance Free Exterior, Remodeled Baths and Kitchen, and New Systems Throughout! 

Kitchen with Granite Counters, Tile Floor, Breakfast Bar, New Appliances!

 Great Room Addition with Gas Fireplace, Hardwood Floors, Vaulted Ceiling, and Lots of Natural Light!

 Screened Gazebo and Rear Deck, Overlooking Magnificently Landscaped Backyard, Great for Entertaining!

Overlooking Salisbury Country Club Golf Course!

UNDER CONTRACT

Bayhill Pointe

12212 Hillcreek MEWS

Chesterfield, VA 23112

$259,950

http://patgee.valuedagent.com/purl/property.htm



CALL TODAY TO BUY OR SELL YOUR NEXT HOME!!!

PRICE REDUCTION - Gaslight (Maybeury,Tuckahoe,Freeman/Collegiate)

Gaslight

404 Gaslight Terrace

Richmond, VA 23229

Price Reduced to $499,500

http://www.404gaslightter.epropertysites.com/ 

This quality custom built Colonial home has all the traditional details. Formal rooms and a wonderful spacious flow on the first floor plus a bright kitchen with island and breakfast area make it perfect for entertaining.  The four bedrooms include a huge master suite.  The Florida room and large tiered deck (one section is covered by awning) look out over a beautifully landscaped cul de sac lot.  The home has been recently redecorated and the kitchen updated with granite island and countertops, dual cooktop (gas & electric), and a 2 car rear entry garage.



Great Time to Buy!!!

With all the negativity surrounding our current real estate market, an editorial in today's Time Dispatch looks at the glass half full, finding some positive out of all this mess. Although buying a home may not be the investment vehicle we all thought at one time it was, and values may not ever get back to where they once were, there are still some great opportunities out there. Should you be in the market to take advantage of these opportunities, I am here to help any way I am able...please don't hesitate to let me know!

http://www2.timesdispatch.com/news/rtd-opinion/2011/jul/12/tdopin01-housing-now-affordable-ar-1165978/

Selling Your Home In A Down Market!!!

http://www.usatoday.com/money/economy/housing/2011-07-02-home-sellers-down-market_n.htm


In the above article, Dave Carpenter discusses a game plan for selling your home in today's market; although market conditions are not ideal with an abundance of foreclosures and standing inventory, there are certain steps you can take to sell your home as quickly and for as much as possible.

These tips, coupled with my expertise and marketing strategy, can help you sell your home in "probably the worst time you could find to sell a house in the late '70's or early '80's." If you need to sell, or have any interest in finding out more about the process, please do not hesitate to let me know!!!

Richmond Home Prices Down From A Year Ago, But Signs of Stability Becoming Evident

Although prices are down from last year averages in the Richmond Metro Area, we have had two months in a row of growth in that sector, indicating the market is beginning to stabalize.

"The sell-off of distressed inventory, particularly foreclosures, obviously is contributing to the continued softness in sale prices," Lafayette said. "If we were to exclude foreclosures, the numbers would bump up."

It's a great time to buy before home prices begin bouncing back and while interest rates are still at all time lows!!!


http://www2.timesdispatch.com/business/business/2011/jul/01/TDBIZ01-area-home-prices-still-down-from-a-year-ag-ar-1144928/

3 New Listings!!!

Brandermill

3500 Walkers Ferry CT

Midlothian, VA 23112

$239,500

3500walkersferryct.epropertysites.com

Christian Ridge

8251 Christian Ridge DR

Mechanicsville, VA 23111

$419,900

8251christianridgedr.epropertysites.com

Gaslight

404 Gaslight TER

Richmond, VA 23229

$514,500

404gaslightter.epropertysites.com

PRICE REDUCTION - FAN CONDO

The Lofts at Cary Place

1921-A W. Cary ST

Richmond, VA 23220

NEW LIST PRICE...$210,000

Motivated Seller!!!

Contemporary Loft in Fan located between CaryTown & Downtown! Built in 2007. Unique features mixed with Old Richmond charm. Balconies front & rear offer city views.  Palladian windows combined with a 22 foot ceiling allow lots of natural light. Spacious floorplan ideal for entertaining! Huge great room flows to open stainless steel/granite kitchen. HW laminate floors $150 HOA fee and inexpensive utilities! Bedroom & full bath on first floor. True Master Suite upstairs with walk up/walk in closet.  Designated parking for owner/guests.

MAJOR PRICE REDUCTION - Westover Hills

4714 Sylvan RD

Richmond, VA 23225

Originally $289,900...New List Price $271,500

Quaint, 1930's Cottage in Heart of Westover Hills! Tons of Old Richmond Charm...Open First Floor and Updated Throughout. Arched Doorways, Gorgeous HW & Pine Floors, Tall Ceilings, Plantation Shutters, Tons of Natural Light, and Finished Upstairs...Great Renovation Retaining Vintage Character and Integrity. Mature Landscaping and Privacy Galore. Great Home For Entertaining. Rear Ally and Detached One Car Garage. Don't Miss This Opportunity, Schedule Your Showing Today!

Learn Before You Leap Into Your Mortgage...

In today's Talking Money with Jean Chatzky, she discusses the importance of understanding your loan product and the process itself when purchasing a home. In this article she poses numerous questions about the process that can help you when applying for your next mortgage.


http://www.heraldextra.com/business/article_80090c1b-1e43-5c3e-9e10-41b065c37c47.html


When you are ready to purchase your next home, allow me to assist you. I have access to our top, local professionals in the mortgage industry who have the experience and knowledge you can count on to get the best deal on the market!

Signs of Housing Market Recovery in 2011

http://www2.timesdispatch.com/business/business/2011/jun/21/TDBIZ01-housing-market-improves-this-year-ar-1121934/

Home values are still lower than they were a year ago, mostly stemming from a foreclosure saturated market, but new data reveals that more homes are selling at a faster rate. 

Recently, everyone has been talking about how "the time to buy is now!" It may be a good time to put your home on the market as well!

If you have any questions about your home's value or the process of listing your home, please do not hesitate to let me know!

New Listing - Westhampton

Pine Ridge

901 Beveridge RD

Richmond, VA 23226

Great location on charming street. Brick home with wood floors, lots of space and built-ins, full bath off utility room on first floor, fenced yard, 2 outside storage areas, screened porch. Convenient to St. Mary's Hospital, Willow Lawn, UofR, Westwood Club, Interstates, Restaurants, etc. Don't miss this opportunity!

Time to Buy NOW & Here is Why!!!

Despite all the doom and gloom out there in the news, the attached article from the Wall Street Journal makes some strong arguments as to why THE Time to Buy is NOW!

Depressed market conditions combined with historically low rates will not last forever! "Once the foreclosure mess begins to clear up, say housing economists, the traditional drivers of the housing market—demographics, affordability, loan availability, employment and psychology—should take over." This will give the upper hand back to Seller's and you will have missed your chance at taking advantage of this once in a lifetime opportunity.

The long-term case for home ownership is looking stronger than ever. If you have any interest in learning more about this opportunity, don't hesitate to let me know. 


http://online.wsj.com/article/SB10001424052702304563104576361522020024248.html

Lot's of Negative Equity in the 804

Nearly one fifth or 19% of mortgaged residential property in the Richmond, VA market are underwater...meaning the home is worth less than what is owed on the property should the property sell today!

As long as foreclosures continue to saturate areas of our market, property values will continue to decline...however in certain areas of Richmond, we are seeing an uptick of activity and values seem to be bottoming out if they have not already.

Richmond as a whole is better off than the nationwide statistics, and our historically strong markets are head and shoulders above nation averages...I believe we are on the road to recovery and with interest rates still at rock bottom rates, this is the time to buy while home prices are as depressed as they might get!!!



http://www2.timesdispatch.com/business/2011/jun/09/tdbiz01-nearly-19-percent-of-mortgaged-properties--ar-1095415/