Selling Charlottesville real estate in Central Virginia since 1927

Market Insights Blog

A question and answer session on the Housing Market in Central Virgina

December 29, 2011

Click on this link http://realcville.blogspot.com/2011/12/three-realtors-and-bubble-blog-part-4.html to read what 3 local Realtors including http://www.roywheeler.com 's CEO and a local blogger have to say about what is happening in Charlottesville and what the future holds for the real estate market in Central Virginia.  Roy Wheeler CEO, Michael Guthrie was pleased to be included in this conversation.

Employment and Housing Affordibility are key aspects to a housing recovery

December 14, 2011

The link that follows is Part 3 of a series of blogs posted on Cville Bubble Blog.  Our hope is that the information and comments included in these posts will give you an idea of the factors that are impacting the overall housing market. http://www.realcville.blogspot.com/2011/01/3-realtors-and-buble-blog-part-3-on.html

Should Sellers wait before selling their home

December 14, 2011

Here is Part 2 of a series of Cville Blog posts featuring 3 Realtors in the area and what they have to say about what is impacting the housing market here in Charlottesville. http://www.realcville.blogspot.com/2011/11/3-realtors-and-bubble-blog-part-2.html 

An overall assessment of what is happening with real estate in Charlottesville

December 14, 2011

Three of us were asked by a local blog to answer several questions about the housing market.  Here is Part 1 of what we hade to say about different aspects of what positively or negatively impacts real estate in Central Virginia.  http://www.realcville.blogspot.com/2011/11/three-realtors-and-bubble-blog-part-1.html Look for additional posts here as well

 

 

How will the 2011 real estate market compare to 2010

December 12, 2011

Hey everyone. Enjoy the podcast of Saturday's show on http://facebook.com/realestatematters where I project how 2011 will end up compared to 2010. I also provide some additional tips to buyers and sellers on how to do business in this challenging market. http://www.wina.com/play_window.php?audioType=Episode&audioId=5595277

Thinking about selling your home on your own?

December 5, 2011

Speaking of that let me first chat with those of you who are thinking about selling your home on your own.  Can this be done?  Absolutely, in certain situations.  However, the statistic that 93% of all FSBO’s sell with a Realtor is pretty telling. That doesn’t mean all sellers list their home with a Realtor but it does mean that even if you try to sell it on your own, a Realtor will be the one that brings you a buyer.  Why is this important?

Because the #1 reason for selling your home on your own is to save commission.  Therefore, if a Realtor brings you a buyer, they will expect to be paid.  Once you have agreed to pay them, the commission you are trying to save is diminished and you are now unrepresented while the buyer has someone representing them.

You also should know that buyers know that the #1 reason you are trying to sell your home on your own is to save commission.  Therefore, they will usually come in at a price significantly less than your asking price because they know you aren’t paying the Realtor fees. After thinking about what I have said, if you still want to do it on your own, interview a couple Realtors first.  1) you will get helpful info from them about pricing and marketing.  2) If you find the process of selling your home arduous, you will have already done your homework as to who you would use should you decide to list with a Realtor.