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
3 Ways To Price Your Home When Selling In Richmond, VA
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.
Three Ways To Price Your Home When Selling in Richmond, Virginia
FAF | Three Ways To Price Your Home When Selling in Richmond, Virginia In this video, I share three different approaches to pricing your Richmond, VA home when you are selling it, along with the pros and cons of each strategy.
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 '
3 Ways To Sell Your Current Home And Buy A New Home in Richmond, Virginia!
3 Ways To Sell Your Current Home And Buy A New Home in Richmond, Virginia! What are the three ways to sell your current home and buy your next home??? Writing a first writer refusal offer: If you would like to make your purchase contingent upon the sale of your home, or if you need to make your purchase contingent upon the sale of your home ( as financing doesn't allow you to own two homes at once.) You can make a first right of refusal offer, which essentially means that you go to the seller. EX:
Richmond, Virginia Housing Market Forecast For Remainder Of 2022 & 2023
Interested In Talking About The Process Of Selling Your Home? Fill out the form via the link below to schedule a call. https://www.elliottreteam.com/contact/ Are you curious to know what's predicted to happen for the remainder of 2022 and into 2023? We've seen rates shoot up. Fortunately, they have now somewhat stabilized around five. Experts are predicting that we are going to continue to see more stabilization through the remainder of this year. Next year, the prediction is that we're gonna see mortga
How To Navigate In The Housing Market In 2022 | Richmond, Virginia
How To Navigate In The Housing Market In 2022 | Richmond, Virginia According to the National Association of Realtors Housing— affordability is currently a 30-year low. Meaning this is the LOWEST level. This is the least affordable time that we've seen to own and purchase a home since 1990. Part of that is that we've seen interest rates double from the low threes all the way up to the sixes. Secondly, home prices have appreciated anywhere from 30% to 40% in the last few years depending on what side of town
Getting A Home Pre Inspection? | Richmond, Virginia
Getting A Home Pre Inspection? | Richmond, Virginia There’s a laundry list of to-dos that most sellers are encouraged to tackle before putting a home on the market, including things like decluttering and deep cleaning, staging, and finding a great agent. What’s often not on that list however is a pre-listing home inspection. Whether or not getting a home inspection before listing makes sense for you depends on a number of factors. Keep these pros and cons in mind as you decide if it’s a good next step.
Getting A Home Pre Inspection? | Richmond, Virginia
Getting A Home Pre Inspection? | Richmond, Virginia There’s a laundry list of to-dos that most sellers are encouraged to tackle before putting a home on the market, including things like decluttering and deep cleaning, staging, and finding a great agent. What’s often not on that list however is a pre-listing home inspection. Whether or not getting a home inspection before listing makes sense for you depends on a number of factors. Keep these pros and cons in mind as you decide if it’s a good next step.
2023 Housing Predictions | Richmond, Virginia Real Estate
For 2023, the median forecast for real estate price growth is minimal appreciation. The top forecaster of the six was calling for 5.1% depreciation but has revised their number upwards to reflect new results. This time last year, Zelman & Associates were calling for 3% depreciation and we are still seeing the same prediction now. Big banks are calling for more depreciation. However, keep in mind that banks have more of a focus on publicly traded builders who are seeing bigger drops in the prices they can
Are Home Values Dropping In Richmond, Virginia?
Are Home Values Dropping In Richmond, Virginia? Home values in the Richmond metro have increased a little less than 14%, with a median resale price of $306,000. Book your FREE consultation with me at any time. You can DM, text, email or call me ?? (804) 404-5566? ? ? [email protected] www.elliottreteam.com
Are We In A Buyers Market? | Richmond, Virginia
Are We In A Buyers Market? | Richmond, Virginia One of the most important metrics we track is supply of inventory, which basically says how long it would take to sell out the current inventory. And it's kind of a barometer of how the market is doing. Put simply, less inventory means higher home prices. If it's taking longer to sell your home, or prices are going up, you're in a seller's market. If no one is buying, or prices are falling, you're in a buyer's market. We have been in a seller's market for q
Is Anyone Buying Homes As These Interest Rates? | Richmond, Virginia
Is Anyone Buying Homes As These Interest Rates? | Richmond, Virginia If you’re wondering if housing is still a “no-brainer,” the answer is easily yes. The price of homes has risen dramatically over the years, but interest rates are still standard compared to historical averages. And that means you could be making good money on your investment. People continue to buy homes at a similar pace and have been for years. Because of this, home values are projected to continue to increase across the nation.
What Has Most Agents Terrified About 2023? | Richmond, Virginia
What Has Most Agents Terrified About 2023? | Richmond, Virginia What has most agents terrified right now? The numbers are still coming in, but we are projected to see significantly less amount of transactions in 2022 than we saw in 2021. And oh boy, we're gonna see even fewer transactions in 2023. What does this mean? This means that there are gonna be fewer sales for realtors to be a part of. There's gonna be fewer commission dollars for the real estate industry, which means we are going to see a lot of
3 Things To Get Your Home Ready To Sell | Richmond, Virginia
3 Things To Get Your Home Ready To Sell | Richmond, Virginia 1. Getting your own home inspection is a no-brainer. It's just the smart thing to do when you're getting ready to sell or buy a house. Home inspectors can uncover hidden problems or missed repairs. 2. It’s important to get rid of all the stuff that you don't need. Go through your house and find things that you no longer use and donate them, sell them or trash them. Fewer items equal less clutter which is what you want as a seller. 3 If you are
What's Happening With Home Values In 2023 | Richmond, Virginia
What's Happening With Home Values In 2023 | Richmond, Virginia Here are the predictions from the seven top reputable sources. Reputable is the key keyword in that sentence. I'm not gonna go through somebody's predictions that have no credibility, that have no data to support them. We're not going to talk about personal opinions and bias because we want you to have a factual look at where Richmond is headed. ?? In 2022, we saw a 10.6% appreciation pick-up overall, but what will that look like in 2023? ??
3 Things To Get Your Home Ready To Sell | Richmond, Virginia
3 Things To Get Your Home Ready To Sell | Richmond, Virginia 1. Getting your own home inspection is a no-brainer. It's just the smart thing to do when you're getting ready to sell or buy a house. Home inspectors can uncover hidden problems or missed repairs. 2. It’s important to get rid of all the stuff that you don't need. Go through your house and find things that you no longer use and donate them, sell them or trash them. Fewer items equal less clutter which is what you want as a seller. 3 If you are
What's Happening With Home Values In 2023 | Richmond, Virginia
What's Happening With Home Values In 2023 | Richmond, Virginia Here are the predictions from the seven top reputable sources. Reputable is the key keyword in that sentence. I'm not gonna go through somebody's predictions that have no credibility, that have no data to support them. We're not going to talk about personal opinions and bias because we want you to have a factual look at where Richmond is headed. ?? In 2022, we saw a 10.6% appreciation pick-up overall, but what will that look like in 2023? ??
Is Anyone Buying Homes Right Now? | Richmond, Virginia Real Estate
Is Anyone Buying Homes Right Now? | Richmond, Virginia Real Estate MYTH: "No one Buying Homes Right Now" TRUTH: The winter market is slower than the rest of the year. That being said, as we progress through spring and summer, we should see the number of transactions increase. This is a normal market cycle that we see year after year in real estate ??
The Biggest Reason People Get Stressed When Selling | Richmond, Virginia real estate
Selling your home doesn’t have to be a complicated, stressful experience. We’ll show you how to avoid the one thing most people overlook that causes 90% of their stress. Find out the number one stressor people experience when selling their home, and learn how to avoid it.
How To Find Off-Market Homes For Sale | Richmond, Virginia
How To Find Off-Market Homes For Sale | Richmond, Virginia If you're looking to buy a home and are tired of competing with other buyers, we have a secret strategy that you can benefit from ?? Finding the perfect home can be a challenging task, and that's why we use a variety of techniques and resources to help our clients uncover hidden gems in the real estate market. Searching for off-market homes makes it possible to find exactly what you're looking for, even if the perfect match is not publicly listed
Are A Wave Of Foreclosed Homes Going To Hit The Market? Richmond, Virginia Real Estate
We'll be discussing the hot topic of foreclosed homes and whether a wave of them is going to hit the market. We understand that recent headlines might have sparked some fears, but it's essential to remember that they often lack context. Let's dive deep into the current state of the housing market and provide you with valuable insights that will help you understand the situation better. We bring you data backed up by extensive research and analysis to provide the most up-to-date information about this top
Will you regret buying a home in 2023? | Richmond, Virginia Real Estate
Will you regret buying a home in 2023? | Richmond, Virginia Real Estate We're going to answer the question on everyone's mind: Will you regret buying a home in 2023? Despite fears of a housing bubble, the Richmond housing market continues to thrive and homes are steadily appreciating. In fact, many experts predict that this trend will continue for the foreseeable future. So, if you're considering buying a home in Richmond, the sooner you buy the sooner you bgein to build equity! Don't miss out on this in
Find out where homebuyers are moving from | Richmond, Virginia Real Estate
Wondering where most buyers are moving to Richmond from? We're going over the top locations where buyers are coming from to settle down in Richmond, Virginia. Whether you're a homeowner looking to sell, a first-time homebuyer, or a seasoned investor, understanding the real estate trends in Richmond can help you make informed decisions. In this video, we'll delve into the latest data and statistics to uncover the most popular areas where buyers are relocating from. There's no wonder why so many people are
Should I waive the home inspection before buying a home? | Richmond, Virginia Real Estate
Let’s discuss the question that many homebuyers ask themselves: Should you waive the home inspection? As a homebuyer, it’s essential to know the risks and benefits of skipping a home inspection. On the one hand, waiving the inspection can help you secure the house you want in a competitive market. On the other hand, it can also lead to costly surprises and repairs down the line. In this video, we will cover everything you need to know about home inspections, including why they are important, what they inv
Why are we STILL in a housing shortage? | Richmond, Virginia Real Estate
Why are we STILL in a housing shortage? | Richmond, Virginia Real Estate Looking for answers to why Richmond, Virginia, is still facing a housing shortage? In this video, we explore the various reasons why Richmond is still struggling to meet the demand for affordable housing. From home prices to limited new construction, we'll dive deep into the root causes of this ongoing problem. If you're interested in understanding why Richmond, Virginia is still in a housing shortage, this video is a must-watch.
Home Price Depreciation?!?
If you're worried about your home's value decreases, you're not alone. But did you know that most real estate markets in the US are still appreciating? In this video, we'll explain the truth about home value depreciation and what's really going on in the housing market. We'll discuss why some markets are experiencing a slowdown in appreciation and reveal the one common denominator that's causing this trend. Whether you're a homeowner, real estate investor, or just curious about the state of the housing
Homes starting to depreciate? | Richmond, Virginia Real Estate
Homes starting to depreciate | Richmond, Virginia Real Estate If you're worried about your home's value decreases, you're not alone. But did you know that most real estate markets in the US are still appreciating? In this video, we'll explain the truth about home value depreciation and what's really going on in the housing market. We'll discuss why some markets are experiencing a slowdown in appreciation and reveal the one common denominator that's causing this trend. Whether you're a homeowner, real e
May 2023 Housing Market Update | Richmond, Virginia Real Estate
Hey Central Virginia! The Federal Reserve has just released some important news: a recession is predicted to hit by the end of 2023. But what does this mean for our local housing market? In this May 2023 Housing Market Update, Chris Elliott, team leader of The Elliott Real Estate Team, breaks down the potential impact of a recession on Central Virginia's housing market. In the opening, Chris shares the latest from the Federal Reserve's meeting minutes, highlighting the anticipated effects of bank turmoil l
A walk & talk inspection can save you from costly repairs | Richmond, Virginia Real Estate
A walk & talk inspection can save you from costly repairs | Richmond, Virginia Real Estate The real estate market is hotter than ever, and some buyers are finding themselves in a tough spot when it comes to getting their offers accepted. To win the bidding war, some are even waiving home inspections, leaving themselves vulnerable to buying a property with big issues. In this video, we'll show you how to protect yourself when waiving home inspections by doing a walk-and-talk inspection. This is a quick
Is the housing market out of reach? | Housing Affordability in Richmond, Virginia Real Estate
Is the housing market out of reach? | Housing Affordability in Richmond, Virginia Real Estate We are at a historic low for housing affordability. In this video, we delve into the growing problem of housing affordability that is affecting many people. With rising prices and stagnant median incomes, it's becoming increasingly difficult for individuals and families to find affordable housing options. We discuss the root causes of this issue, such as the lack of affordable housing options, increasing demand
Homes starting to depreciate? | Richmond, Virginia Real Estate
Homes starting to depreciate | Richmond, Virginia Real Estate If you're worried about your home's value decreases, you're not alone. But did you know that most real estate markets in the US are still appreciating? In this video, we'll explain the truth about home value depreciation and what's really going on in the housing market. We'll discuss why some markets are experiencing a slowdown in appreciation and reveal the one common denominator that's causing this trend. Whether you're a homeowner, real e
A walk & talk inspection can save you from costly repairs | Richmond, Virginia Real Estate
A walk & talk inspection can save you from costly repairs | Richmond, Virginia Real Estate The real estate market is hotter than ever, and some buyers are finding themselves in a tough spot when it comes to getting their offers accepted. To win the bidding war, some are even waiving home inspections, leaving themselves vulnerable to buying a property with big issues. In this video, we'll show you how to protect yourself when waiving home inspections by doing a walk-and-talk inspection. This is a quick
Federal Reserve Predicts Recession: The Impact on Home Prices | Richmond, Virginia Real Estate
Federal Reserve Predicts Recession: The Impact on Home Prices | Richmond, Virginia Real Estate In this video, we delve into the Federal Reserve's latest prediction of an upcoming recession and explore its potential implications for home prices. While history tells us that out of the last six recessions, home prices only declined in two instances, we'll examine the factors at play and provide insights on what homeowners and prospective buyers can expect in potential economic downturns. Join us as we di
Will mortgage rates ever come down? | Richmond, Virginia Real Estate
Welcome to Frequently Asked Friday! In this video, we address a topic that's on the minds of many buyers: Will mortgage rates ever come down? Join us as we dive into the factors influencing mortgage rates and discuss expert predictions for the future. If you enjoy this video and want to see more content like this, don't forget to like, subscribe, and hit the notification bell. Your support helps us reach more viewers. Now, let's get started! The Federal Reserve has recently raised the federal funds rate,
June 2023 Housing Market Update | Richmond, Virginia Real Estate
Welcome to the June 2023 Housing Market Update for Central Virginia! In this video, we dive deep into the current state of the local housing market, providing valuable insights and analysis. Mortgage rates have been a hot topic, and we discuss why they are higher than before but still not at historically high levels. Factors such as inflation, economic uncertainty, and capital market conditions contribute to this trend. However, experts predict that mortgage rates may eventually decrease later this year, p
Will mortgage rates ever come down? | Richmond, Virginia Real Estate
Welcome to Frequently Asked Friday! In this video, we address a topic that's on the minds of many buyers: Will mortgage rates ever come down? Join us as we dive into the factors influencing mortgage rates and discuss expert predictions for the future. If you enjoy this video and want to see more content like this, don't forget to like, subscribe, and hit the notification bell. Your support helps us reach more viewers. Now, let's get started! The Federal Reserve has recently raised the federal funds rate,
How much do real estate agents charge? | Richmond, Virginia Real Estate
Welcome to Frequently Asked Friday! In this episode, we tackle the age-old question: How much commission do real estate agents charge? While real estate agent commissions are not fixed, I will provide insight into what we charge our clientele. Typically, real estate commissions are paid by the seller of the property. There are two halves to the commission equation. The first half is the commission paid to the listing agent, who represents the seller. At our agency, we charge our clients a three percent com
What Does It Cost To Sell A Home? | Richmond, Virginia Real Estate
Selling Your Home: Unveiling the Real Costs! ?? | Richmond, Virginia Real Estate In this video we are discussing the cost of selling a home! We will delve into the various expenses involved in the home selling process, helping you gain a clear understanding of what it takes to sell your property. Selling a home can be a complex and financially significant decision. As experienced real estate professionals, we aim to provide you with valuable insights to make informed choices. In this video, we'll break do
Selling "As-Is": Everything You Need To Know | Richmond, Virginia Real Estate
?? Selling Your Home As-Is: Balancing Price and Time ??? Thinking of selling your home but overwhelmed by the thought of extensive renovations and repairs? Consider the option of selling your home as-is! While it may not fetch the absolute highest price, it presents a time-friendly alternative for homeowners who are hesitant to invest significant effort before listing their property. In this video, we delve into the pros and cons of selling your home as-is, helping you make an informed decision that align
5 Home Buying Mistakes To Avoid | Richmond, Virginia Real Estate
?? Thinking about buying a home? Don't miss out on these crucial tips to ensure a smooth and successful home buying journey! In this video, we'll walk you through the five most common mistakes that home buyers make and how you can easily avoid them. Mistake #1: Overlooking Financial Preparation Before you dive into the world of real estate, it's vital to be financially prepared. We'll show you how to position yourself for success by managing debts, closing unnecessary credit accounts, and building up your
Expenses Involved In Buying A Home | Richmond, Virginia Real Estate
?? Homeownership is a dream for many, but it comes with a range of costs beyond the purchase price. Join us as we break down the essential expenses involved in buying a home: Down Payment: Discover the significance of the down payment and how it impacts your mortgage terms and monthly payments. Mortgage Costs: Learn about interest rates, loan terms, and how to choose the right mortgage plan that aligns with your financial goals. Closing Costs: Uncover the often-overlooked fees associated with the finaliz
When Is The Best Time Of Year To Sell Your Home? | Richmond, Virginia Real Estate
Wondering when to put your home on the market to get the best offers? You're not alone! In today's video, we're diving deep into the optimal timing for selling your home, based on both market trends and economic factors.
Preparing Your House for Sale: Top Tips for a Successful Home Sale | Richmond, Virginia Real Estate
?? About This Video ?? Thinking of selling your home? Prepping your home for sale can be overwhelming, but don't worry, we've got you covered! In this video, we're discussing actionable steps to ensure you're not just listing your home but selling it effectively. ?? What You'll Learn Why it's NEVER too early to prepare your home for sale The importance of consulting with a real estate professional Strategy Vs. Tactics: What approach you should take Quick wins for preparing your home: From decluttering t
What Does A Seller Have To Disclose | Richmond, Virginia Real Estate
What Does A Seller Have To Disclose | Richmond, Virginia Real Estate We're diving into the essential topic of seller disclosures in real estate transactions. If you're buying or selling a home, understanding what a seller is required to disclose is crucial. Watch until the end to ensure you're well-informed throughout your real estate journey. ?? For more real estate insights and tips, make sure to subscribe to our channel and hit the notification bell so you never miss an update! If you found this video
Is Selling Your Home in Winter a Bad Idea? | Richmond, Virginia Real Estate Insights ????
Is the Winter a Terrible Time to Sell a Home? - Frequently Asked Friday Welcome, party people! In this video, we're tackling the age-old question: Is the winter a bad time to sell a home? Let's dive right in! Conventional wisdom says that selling your home in winter is a bad idea. It's colder, the flowers aren't blooming, there's snow on the ground, and there are fewer buyers. But let's not rely on opinions; let's look at the data. I'm sharing a "Months of Supply Inventory" graphic, a key metric to deter
?? Am I Losing My Home Equity? Understanding the Richmond, Virginia Real Estate Market
?? Am I Losing My Home Equity? Understanding the Richmond, Virginia Real Estate Market Are you concerned about the status of your home equity in Richmond, Virginia? As a local real estate agent specializing in the Richmond area, I dive into the factors affecting home equity in this informative video. ?? Key Points Covered in this Video: Current Market Trends: Exploring the present Richmond, Virginia real estate market and its impact on home equity. Factors Affecting Home Equity: Understanding the variou
Are We Heading Into A Buyer's Market in 2024? | Richmond, Virginia Real Estate
?? Are We Heading into a Buyer's Market in Central Virginia? ?? Welcome to Frequently Asked Friday! In this video, we'll address a question that's been on the minds of many homeowners, prospective sellers, and active sellers: Are we in a buyer's market or heading in that direction? Let's break it down. Before we dive into the discussion of buyer and seller markets, it's essential to define these terms. In real estate, we use a metric called "Months of Inventory" (MOI) to gauge the rate at which homes are
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