Selling Charlottesville real estate in Central Virginia since 1927

Market Insights Blog

Do you have children? Interested in schools?

April 9, 2008

As parents, we want to make sure our kids get a great education. I have come across a great web site that provides great info on area schools. Take a look at www.greatschools.net

Charlottesville Happenings!

April 7, 2008

Spring has sprung here in Central Virginia.  You can see it in the red buds, forsythia, cherry and pear trees, and the soon to be azalea blossoms. The real sign came Wednesday night while playing softball at McIntyre Park. Standing at 3rd base, I looked over ad saw the 1st ride coming in for the upcoming Carnival.  The Carnival made me realize the Dogwood Festival www.charlottesvilledogwoodfestival.org was right around the corner which really says Spring has arrived! As I thought of this event it made me realize again how fortunate we are here in Charlottesville. Not only is it incredibly beautiful, there is so much to do.  The University of Virginia has events throughout the year but there is so much more. The Festival of the Book www.vabook.org just ended with more that 20,000 people showing up for over 150 events. Later this summer Greene County will sponsor a wonderful wine festival www.discovervirginia.net and not to be out done The Virginia Film Festival www.vafilm.org just announced the theme “Aliens”.  Check out these web sites and mark your calendars.  If you are not from around here, come and enjoy any or all of these events.  Be careful! You may find yourself not wanting to leave.

Shopping for Title Insurance

April 1, 2008

When a purchaser buys a home their are other costs (often called closing costs) that they will incur outside of their down payment, hazard Insurance, taxes, etc. One can usually guess the closing costs will equal approximately 3% of the sale price of the home. So, if the purchase price is $300,000 and the purchaser puts 10% down, they would need $30,000 plus about $9,000 in closing costs. One way to reduce the $9,000 is to ask the attorney who is handling the paperwork to shop for the best rate in title insurance. The savings could be in the 100’s of dollars. When shopping for the best rate, make sure you are getting owners and lenders coverage and in most cases you want the title insurance to be enhanced.