March existing-home sales were down compared to 2019. These metrics were influenced primarily by COVID-19 pandemic responses such as social distancing and executive orders to stay-at-home. With that said, the decrease of this statistic was not entirely a collapse in the market. Heading into the pandemic the first part of 2020 presented a strong andContinue reading “Housing Report-April Update”
Interest rates continue downward trend, how is the impacting housing?
Learning the Lingo continues to come from the homeschooling desk/dining room table. The word for the week is “closing agent.” The closing agent or settlement agent is the person or entity that coordinates all closing activities for a property transaction. These activities include signing the mortgage documents, disbursing of funds, and transferring ownerships. The closingContinue reading “Learning the Lingo-Closing Agent”
Each week the National Association of Realtors publishes highlights from the market and the industry. Here are my takeaways: The real estate industry is adjusting to the COVID-19 pandemic. Over half of the buyers and sellers are slowing down their activity, but there is still business occuring. Real estate activity will not stop. 25% ofContinue reading “NAR’s Weekly Update-April 13-17, 2020”
This week’s Learning the Lingo is not in the car on the way to school. School is now in the dining room. The word we pulled for today is a very common piece of every real estate transaction: addendum. An addendum is a document attached to original Purchase and Sale Agreement between two parties inContinue reading “Learning the Lingo-Addendum”
Unemployment, furloughs, and reduced earnings have dramatically increased since COVID-19 has shutdown the world. For most Americans, the biggest monthly expense is being impacted: mortgage payment. With this new reality, it does not mean that foreclosures are necessary for homeowners. There are options, and most mortgage lenders will work with homeowners. The current landscape isContinue reading “Forbearance vs. Deferment?”
By now we know staying at home is not a snow day. Whether you are providing general care for your home or considering an upcoming sale of the property, use this time wisely. There are lots of home improvement activities that we often would let fall to the wayside as they can be meticulous, laboriousContinue reading “Stay At Home Improvement: Baseboard Cleaning”
Homeschooling and incorporating screentime.
This week’s episode of RVA, Restaurants, and Real Estate has us sitting down with the head chocolatier of Taylor Made Chocolates. These guys are producing incredible truffles, bars, and all sorts of confectionary from fresh and socially conscious gathered cocoa beans. Steve and Kim Taylor set out a few years ago to make a differenceContinue reading “RVA, Restaurants, and Real Estate: Episode 15 – Taylor Made Chocolate”
RVA was full of activities and festivals for the Spring. Unfortunately, we are in stay at home mode. Therefore visiting all the museums, parks, restaurants, and breweries is not an option. While the new norm is to flatten the curve, we can still appreciate most that our community offers. Below are some suggestions for usContinue reading “What to do in RVA, from your home-April 2020”