When Will The Housing Bubble Burst in Richmond, VA?
In the last few years, many people have been wondering when will the housing bubble burst in Richmond, VA. The good news is that it's not happening anytime soon! So if you're looking to invest in a home or just interested in what's going on with real estate prices, this video can help you understand where we are currently and why we don't need to worry about a sudden crash any time soon.
When is the BEST time of year to sell your home in Richmond, VA?
If you're thinking of selling your home in Richmond, VA, it's important to know when the best time of year to do so is. In this video, I'll give you some tips on when the market is hot and when it's not, so you can make an informed decision about when to sell.
How Much Wealthier Will My Richmond, VA Home Make Me In 2022?
In 2021, homes in Richmond, VA were appreciating at a pretty crazy rate - the highest in the last 45 years! If you owned a home in 2021, you did very well for yourself as far as your return on your investment. So what is that return going to look like in 2022? Will it be as strong as it was in 2021, or will it drop off? Watch this video and hear what we have to say!
6 Questions To Ask When Buying New Construction in Richmond, VA
When you’re buying a home and going the new construction route, it can seem overwhelming with all of the design choices, the overall process of building a home, and simply going through a process you may not be familiar with, especially if you aren’t using a buyer’s agent. So what questions should you be asking as you go through the new construction process? Watch this video to hear our advice!
What Happens If A Buyer's Loan Falls Through in Richmond, VA?
If you’re in the process of selling your home in Richmond, VA and your buyer’s loan falls through, it may feel like the sale is doomed to fail, or you won’t ever get your home to sell and there’s nothing you can do about it. So what happens if you’re in that position, what recourse do you have, what are the odds your home sale still closes? Watch this video to find out!
Why Didn't My Richmond, VA Home Sell?
When you list your Richmond, VA home for sale, it’s certainly your intention to get it sold - not have it sit on the market with no offers, or have no showings and get no traffic. So why wouldn’t your home sell, especially with the market being as hot as it is and inventory being so low? Watch this video to hear what we think!
Is It Still A Seller's Market In Richmond, VA?
For years now in Richmond, VA, we’re sure that you’ve heard it’s a seller’s market, and that there’s never been a better time to list your home. Is that still the case? Are we still in a seller’s market, or are we shifting to a buyer’s market here soon? Watch this video to hear what we think!
One Simple Trick To Get Multiple Offers When Selling Your Home in Richmond, VA
It seems like every single home that hits the market nowadays is getting multiple offers in the first weekend on the market. Is it due to covid, is it an inventory problem, is it low-interest rates? Maybe it’s all of these things or none - but we know we have one simple trick to get you multiple offers when you sell your home. Watch this video to hear our secret!
When Are More Homes Hitting The Market In Richmond, VA?
A problem we saw a lot in 2021 in Richmond, VA was a severe lack of inventory in our market. A big reason why homes were selling so quickly and had so many offers was because there were simply no homes on the market to choose from. So is this going to change in 2022? When are more homes going to be hitting the market? Watch this video to hear what we think!
Do I Really Need To Stage To Sell My House in Richmond, VA?
When it comes to selling your house, there are a lot of dos and don’ts, and everyone has advice to give on the best way to do it. A piece of advice many sellers often receive has to do with staging, but many people are put off by the idea of a staging consultant giving them a bunch of feedback, or bringing new furniture or decor into their home. So is staging really necessary to sell your house? Watch this video to hear what we think!
Should I Wait Until The New Year To List My Home in Richmond, VA?
As 2021 is coming to an end, a lot of Richmonders are looking to the future of their lives with their family, a lot of times involving their real estate goals. With the new year comes a feeling of change and new beginnings, but do you have to wait until the new year to list your home? Does it make more sense to wait until 2022 to list your home? Watch this video to hear our opinion!
Should I Decorate For The Holidays If I’m Selling My Home in Richmond, VA?
Now that we’re heading into the holiday season in Richmond, VA, it’s natural to want to put up all kinds of lights and decorations to celebrate. If you’re not selling your home, it’s a no-brainer - put up whatever décor speaks to you and your family. But if you do intend on selling in the holiday season, is it a good idea to decorate your home? Watch this video and we’ll give you our advice!
What Will The Richmond, VA Real Estate Market Look Like in 2022?
As we all know and have experienced over the last year in Richmond, VA, 2021 has been an insane year for real estate. Between home shopping in the middle of a pandemic and skyrocketing prices, along with all kinds of waived contingencies and unique offer propositions, it’s been historic and crazy in the RVA real estate market. So is that how it’s going to be next year? What’s the next year of real estate going to look like? Watch this video to hear our thoughts!
Is Winter a Bad Time to Sell a Home in Richmond, VA?
For years, the common conception behind real estate has been that winter is a bad time to sell a house in Richmond, VA. But is this actually true, should you only wait until the warmer times of the year to sell your home? Is winter just not a good time to make real estate changes? Watch this video to hear what we think!
What Home Upgrades Don't Pay Off in Richmond, VA?
With so many home upgrades to choose from in Richmond, VA, you may want to do as many as you can. However, some upgrades simply don't give you the return on the investment you'd want to see. So which upgrades are worth doing and will get your money back? Watch this video to hear our opinion!
What Happens if a House Doesn't Appraise in Richmond, VA?
With home prices having skyrocketed the way they have in the last year in Richmond, VA, it's natural that an appraisal or two has fallen short of the sales price. So what happens in that case, and what options do you have as a seller or a buyer? Watch this video to hear what we think!
How to Create a Bidding War for Your Home in Richmond, VA?
Because of the crazy market we've seen recently in Richmond, VA, most homes are getting multiple, above asking price offers. But how are agents and sellers making this happen, and what can you do to have this happen to your home? Watch this video and we'll tell you how we do it!
Have Home Prices Peaked in Richmond, VA?
With the crazy appreciation we've seen over the last year in Richmond, VA, it's natural to wonder if this is the highest prices are going to reach, or if they will continue to climb. So which is it? Are prices still going to grow, or have they peaked or plateaued? Watch this video to hear what we think!
What Will the Fall 2021 Real Estate Market Look Like in Richmond, VA?
Now that we're coming into the second half of the year, are you wondering what the rest of 2021 real estate is going to look like in Richmond, VA? We don't have a crystal ball, but we can show you the data we've found and what we think the fall real estate market will look like. Watch this video to hear what we have to say!
Is the Richmond, VA Housing Market Starting to Crash?
Since the market became as hot as it was earlier in the year in Richmond, VA, people have been saying that this is a temporary bubble that's going to pop, and soon enough the housing market is going to crash. Is this actually true, is there data to support this fear? Watch this video to hear what we think about it!
Is It Smarter to Wait Until 2022 to Buy a Home in Richmond, VA?
With how crazy the market has been throughout Richmond, VA in 2021 so far, it's normal to wonder if it might be for the best to just wait it out and hope the market slows down. But is it actually better to wait, or is now still a good time to make a move? Watch this video to hear what we think about it!
Why Are There Still No Homes on the Market in Richmond, VA?!
We understand, and we empathize - it's a really tough time to be a buyer right now in Richmond, VA. Between homes escalating in price and selling so quickly, it's very tough to write the winning offer. It seems like the simple solution would just be having more homes on the market, so why isn't that happening? Watch this video to hear what we think!
Are We Going to See a Wave of Foreclosed Homes Hit the Market in Richmond, VA?
Since homes are selling for so much more than list price in Richmond, VA, it's possible buyers are purchasing homes that are out of their price range simply to get an accepted offer somewhere. Because of this, are we going to see more foreclosed homes hit the market? Watch this video to see what we think!
Are Home Prices Going to Drop in Richmond, VA?
For awhile now, homes have steadily been appreciating in Richmond, VA. For homeowners, this is a good sign that they can get a good amount of equity from their home, but for buyers in their home search, it can be disheartening that prices are continuing to go up. So will there be an end to this anytime soon? Watch this video to hear what we think!
Have Homes Become Unaffordable in Richmond, VA?
Since homes have been selling rapidly and so competitively in Richmond VA, many have gone way over asking price. A major concern buyers are having is whether or not homes have become unaffordable, since most people can't afford the outright over asking price expense, or to cover a difference in the appraisal. So is this concern coming to fruition, are homes truly becoming unaffordable? Watch this video to hear what we have to say about it!
3 Ways To Get Your Offer ACCEPTED In Today’s Richmond, VA Housing Market
This market is intense for buyers, but it is not impossible to find a home you love and make it YOURS. 1) Cash matters: As much cash as you can get your hands on, helps immensely this includes- Equity lines, gift funds, margin loans, bridge loans. 2) Appraisals: You can wave the appraisal even with a loan, or you can make a cash guarantee on a certain amount. We expect these to be huge in 2022. 3) Inspections: Waiving or limiting the inspection is not something I can recommend, but oftentimes seller
FAF | 3 Ways To Get Your Offer ACCEPTED In Today’s Richmond, VA Housing Market
3 Ways To Get Your Offer ACCEPTED In Today’s Richmond, VA Housing Market ???? This market is intense for buyers, but it is not impossible to find a home you love and make it YOURS. 1) Cash matters: As much cash as you can get your hands on, helps immensely this includes- Equity lines, gift funds, margin loans, bridge loans. 2) Appraisals: You can wave the appraisal even with a loan, or you can make a cash guarantee on a certain amount. We expect these to be huge in 2022. 3) Inspections: Waiving or
How To Find Off-Market Homes For Sale In Richmond, VA
How To Find Off-Market Homes For Sale In Richmond, VA The first step is to search tax records for all homes that match your criteria, It's important to understand what to look for and then find a large selection of options that fit those criteria Once we know what we are looking for, we are going to do some outreach to homeowners to provide a market estimate of what their home is valued at in this market. BONUS: We keep a log of Ghost Inventory. Essentially, this is a list of homes that would potential
How To Sell Your First Home In Richmond, VA
Looking to sell your first home in Richmond, VA? In this video, we'll give you some tips on how to get started. We'll cover everything from preparing your home for sale to pricing it right to getting the best offer. So whether you're a first-time seller or just looking for a refresher course, this video is for you! (804) 404-5566? ? ? [email protected] www.elliottreteam.com
FAF | What Happens After I Accept An Offer On My Home in Richmond Virginia?
FAF | What Happens After I Accept An Offer On My Home in Richmond Virginia? If you're a home seller in Richmond, VA, then you may be wondering what happens after you accept an offer on your house. In this video, I'll give you a quick overview of the steps that will take place after you've accepted an offer, including how the closing process works and what to expect at settlement.
FAF | How To Sell Home Yourself for Top Dollar
Are you looking to sell your home yourself in Richmond, VA? In this video, I explain the 3 elements to a successful sale to help ensure that you get top dollar for your home. If you want to sell your home without a real estate agent, this video is for you.
What will the Richmond, Virginia spring housing market look like?
FAF Spring Real Estate Market | What will the Richmond, Virginia housing market look like? Spring is known as the business season for the real estate market. This means buyers are eager to buy, and sellers are committed to selling. Are we going to have inventory issues? How high are interest rates going to rise? What is the competition going to look like for buyers? Will home value rise sharply? And most of all, will it remain a seller's market, or take a turn to become a buyers market? I answer all
Will Rising Interest Rates Cause The Housing Market in Richmond, Virginia to Crash?
FAF | Will Rising Interest Rates Cause The Housing Market in Richmond, Virginia to Crash? It's no secret, mortgage rates hit a recent spike, and it will continue to rise moving forward. However, the rise of interest rates does NOT mean we are headed towards a crash. Watch the full video for more details on what rising interest rates mean for the Richmond, Virginia real estate market.
FAF | Home Buying Consultation in Richmond, Virginia
Buying a home is a big deal. In fact, it is probably the biggest purchase we make in our lifetime. Therefore, you probably do not want to jump into it. You want to shop around and interview local realtors to make sure you work with someone who will put your needs & priorities first. Booking your home buying consultation is the FIRST and probably one of the most important steps in your home buying journey.
FAF | Are Home Prices Coming Down in Richmond, Virginia?
What can homebuyers expect from the Richmond, Virginia housing market in the coming months? Ultimately, the most respected market experts in the industry predict home appreciation to rise. In the next four years, we are probably going to see anywhere from 10% to 46% in home appreciation. On the edge on whether to jump on the market right now? I suggest the sooner the better and this is why… Rising rates: We all know, they will only keep rising. Therefore, buyers are trying to hop on the homeownership tra
Home Improvements Not To Make in Richmond, Virginia
Home Improvements Not To Make in Richmond, Virginia If you are thinking about selling your home, I highly recommend consulting with a trustworthy real estate agent (me) BEFORE you invest time and money in home improvements that may NOT help your home's value the way you thought they would?? Watch this entire video to know what kind of home Improvements NOT to make. ?? Need further advice? My consultations are always FREE?? (804) 404-5566? ? ? [email protected] www.elliottreteam.com
Are A Wave Of Foreclosures Coming To The Housing Market in Richmond, Virginia?!
Are A Wave Of Foreclosures Coming To The Housing Market in Richmond, Virginia?! Let's go over the key points... In 2008: It used to be much easier to get a mortgage There was an oversupply of houses in the market. Borrowers didn't do much financial research before approving loans A large number of homeowners cashed out their equity before the crash In 20022: 1. “Liar Loans” have ended due to loan restrictions 2. Homebuilders are not able to build fast enough 3. Borrowers document income, debt, and dow
What are Escalation Clauses in real estate? | Richmond, Virginia
What are Escalation Clauses in real estate? | Richmond, Virginia How do escalation clauses work?!?? They are a tool that allows buyers to come in at one price but makes it known they are willing to go higher up to a certain price?? Example: Home is listed at 300k, but your escalation clause states you are willing to go up to 350k to beat out competing offers.
What Is The Future Of Mortgage Rates in Richmond, Virginia?
What Is The Future Of Mortgage Rates in Richmond, Virginia? While we can not predict how high they could get, we can predict the pattern based on previous recessions. What we usually see is mortgage rates get lowered when the Fed is trying to get us out of a recession. Right now, we are in a cool-down period. So, our best advice for buyers thinking of hopping back into the market is to connect with a trustworthy realtor to find a home you love and lock in the interest rate. The reason is, that you can
Did I Miss The Opportunity To Sell My Richmond, Virginia Home?
Did I Miss The Opportunity To Sell My Richmond, Virginia Home? Even with the market slowdown, we are still seeing home appreciation. Additionally, new listings are on the rise. However, the homes are being purchased at the same rate. The market may not be as intense as it once was, but you are still in for a solid ROI if you are looking to sell your home. It is very much still a seller's market.
What Does A Recession Mean For The Richmond, Virginia Housing Market?
What Does A Recession Mean For The Richmond, Virginia Housing Market? A recession does not mean a housing crisis or home values coming down. We are not in the same scenario as we were in the 2008 recession, because the housing market was the reason for the economic slowdown. Home values will continue to appreciate throughout the recession. However, something to note is that in the last six recessions interest rates were LOWERED in an effort to get us out of the recession. Therefore, in the next coup
What's in store for the Richmond, VA housing market for the remainder Of 2022?
What's in store for the Richmond, VA housing market for the remainder Of 2022? I may not be a fortune teller with a crystal ball, but there is one thing I am sure of: Real estate is, and always will be, one of the greatest investments. The intensity we saw in the best 2 years has definitely slowed down. However, home prices are still forecast to rise. They will simply be rising at a more moderate pace than last year all while mortgage rates respond to inflation. All in all, The housing market is shift
Where Is All The Housing Inventory for Richmond, Virginia?
Where Is All The Housing Inventory for Richmond, Virginia? Wondering where all the housing inventory is? ?? You might have been hearing that there's no inventory ?? You might be asking where the hell is all this housing inventory and why is it not showing up? So to answer that question, you have to ask yourself— where does housing inventory come from? Housing inventory comes from three places. New construction builders building new homes. Resale inventory, meaning folks that own homes that put '