Real Estate Blog

From time to time it can be fun to scour the latest “Top Ten” lists of cost-conscious ways to increase the value of Richmond house value. 

Some make more sense than others. Upgrading bathroom vanity cabinets appear on some of the house value lists, for instance—but those lists were probably thrown together in a hurry since the return on investment is admitted to be 66%. When an investment returns two-thirds of its cost, it’s hardly competitive. For Richmond homeowners preparing to sell, vanity cabinets don’t belong on the action list.

The best idea lists are the ones which show ROI: the return on investment. Here’s a new compilation, offered purely as food for thought (since the “return” number for any individual case can’t actually be verified)— 

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There is no denying that the words “FIRE SALE!” and “CHEAP!” and “PRICES SLASHED!” and “GOING OUT OF BUSINESS!” have long been used to spur sales. Bargain hunters of all stripes are being asked to take a second look wherever those attention-snagging phrases are promoted. When it comes to selling Richmond homes, a For Sale by Owner sign out front can seem to be a promise of an out-of-the-ordinary value being offered—a marketing tactic meant to rope in deal-hungry prospective buyers. 

But there’s a downside that anyone contemplating selling their Richmond home would do well to consider. Those FSBO signs may carry some unwanted baggage.

The fact is, discounting is most effective when the item being pitched is a premium product. If a Tesla dealer

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If you go looking for new ideas to make a relocation to or from Richmond easier, it’s amazing how often the words “stress” and “relocation” appear in the same paragraph. The most universally agreed-upon method is to separate the two by hiring relocation professionals—not surprising since many of the most-read articles are authored by people involved in the industry. But the runners-up when it comes to relocation are either work-related (for those who are making the move to change jobs) or moving-related (the nuts and bolts of a household move). 

Since I’m involved in moving-day drama reduction on behalf of my clients, some of the tips are those I’ve seen work wonders. The first one is something you can get started on long before any move is on the

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Without knowing it, many people develop something akin to a split personality when it comes to buying a home. In the beginning, as they pursue their ideal Richmond Virginia house, they automatically assume an unabashedly active role. Nobody has to tell them that they’re the boss in the process—since they are the customer, they correctly expect to be in total command of the house hunting process. They develop their unique wish list and ultimately decide which property best satisfies it. 

But then a split can develop. The active, in-charge commander often does an about-face when it comes to the nuts and bolts of the next step: securing the lowest Richmond mortgage rate. Upon entering the realm of what seems to be a monolithic and largely inscrutable home

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Selling your Richmond area home? Get a free home value report  

 Buying a Richmond area home? Click here for full MLS access.

 

Hello, and welcome to Part II of our foreclosure series! Today, we share more tips on how to buy a foreclosure property.

Be aware of title issues when purchasing a foreclosed property. HOA title issues are common on these properties, to say nothing of the many other title problems that can arise. Working with a competent closing agent who will do a title search on the property before you commit will help you avoid any unexpected problems.  

The banks selling foreclosed properties will often want you to live in the home for one year before selling. If you intend on buying a distressed property,…
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Selling your Richmond area home? Get a free home value report  

 Buying a Richmond area home? Click here for full MLS access.

 

Recently, many people emailed us asking for tips about buying foreclosure properties. Since we could talk about this for days, this is Part I of a two part-series.    If you're looking to buy and you come across a foreclosure, know that it's not a good deal simply because it's a foreclosure property. You need to work the numbers to find out if the home is truly a good deal, and you need to make sure that there are no defects that will cost you a lot of money down the road.   Some people think that foreclosed property prices are fixed, but this is not true. In fact, the price of a…
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Selling your Richmond area home? Get a free home value report  

 Buying a Richmond area home? Click here for full MLS access. 

 

Lately, many people have asked what the signs are that they need a new roof. Your best option is to consult with a roofing contractor, but since I work with homeowners on a regular basis, I would love to share what I know. Now that the weather is getting nice here in Richmond, there is no better time to share the 3 signs that you need to replace your roof!

  1. Water spots on ceiling: It's pretty obvious, but if you see water stains on your ceiling, there is a good chance there is something wrong with your roof!
  2. Missing shingle granule: If granules from the face of your shingles are missing, you
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Selling your Richmond area home? Get a free home value report  

Buying a Richmond area home? Click here for full MLS access.

 

In a previous video, I mentioned that if you sent me a question, I would answer it here on the blog. Well, today I want to answer a user-submitted question: What keeps a home from selling? 

We get this question a lot, so I want to share three reasons why you might have trouble selling.

  1. Improper pricing strategy: This is something we can dive into deeper with a one-on-one meeting. The right strategy is dependent on your specific situation.

  2. Improper condition and showability: There are some things we do to ensure your home is in tip-top condition and ready to sell! 

  3. Improper

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Selling your Richmond area home? Get a free home value report  

Buying a Richmond area home? Click here for full MLS access.

 

Many homeowners in Richmond think they can sell their home without an agent. Today, I explain why that's not always the best strategy for a successful home sale!

We never try to discourage people from selling their home without an agent; in fact, we'll send you a document that will help you do so! Here at the Richmond Realty Team, we pride ourselves on not painting anyone into a corner. If you want to sell your home yourself, we would love to help you be successful!    When it comes to selling without help, putting a price on your time can be a helpful way to determine whether it's worth it. 
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Selling your Richmond area home? Get a free home value report  

Buying a Richmond area home? Click here for full MLS access.

 

With the spring selling season in full swing, we thought we should address a few common questions we've received lately. Today, we'll address these two questions: If you're selling your home, can the buyer charge you a fee to remain in it after closing? If so, how much?

If you're still looking for a new home, but you've closed on your current one, you can have the buyer of your current home rent it back to you until you are able to close on your next home. This is done on a Per Diem basis; if the new buyer's mortgage payment is $1,500 per month, we'll break that down into a per day…
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