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!