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The median sales price of detached homes in Harrisonburg and Rockingham County has increased 2% over the past year. You own a detached home in Harrisonburg or Rockingham County. So... your home value has increased 2% over the past year... right? Well, maybe. Trends in our overall market can be helpful for providing ins
Happy Monday Morning, friends! I hope you had a wonderful weekend and are looking forward to the week ahead. Technically, it's still summer (by the calendar, and the temperatures) but fall is just around the corner... and I'm looking forward to it! The past two weekends have been fun with the return of some home JMU fo
Let's go on a bit of a journey into the past... 10 Years Ago = Occasional escalation clauses, some home sale contingencies. The market was moving steadily, but we weren't frequently seeing bidding wars with escalation clauses. Thus, offers with home sale contingencies were typically being evaluated in isolation, not at
Your showing to offer ratio can help you decide how to respond in various situations when selling your home. First, what do I mean by your showing to offer ratio? I simply mean how many showings have you had and how does that compare to how many offers you have. Have you had ten showings and you now have one offer? Tha
First... full disclosure... I represent the builder at Congers Creek. With that disclaimer, let me tell why I'm excited about the options buyers have for customizing their home at Congers Creek. When most people think about buying a new construction home these days, they picture walking into a builder's office and choo
If you're getting ready to sell your home, a lot of our conversations will be focused around price, condition and marketing... Price – We need to price your home reasonably based on recent sales prices of comparable homes. Condition – We need to make sure your home is in optimal condition to appeal to the most buyers.
Thinking of selling your home this Fall? Two solid months of home buying activity are still ahead of us... but the countdown is on... The graph above shows the number of contracts signed per month in Harrisonburg and Rockingham County, averaged over the past four years. September and October might actually surprise you
For sellers, there will be uncertainty in most real estate deals. I wish that as soon as you sign a contract to sign your house I could tell you that you're guaranteed to make it to closing, on the expected timeline, without further negotiations – but that is not always going to happen. 1. The buyer will likely want an
When you're selling your house... if we're getting showings, an offer will likely come... but if showings aren't happening, we likely need to change something. Showings are the leading indicator of the potential for an incoming offer. Clearly, before we are going to receive an offer, we're going to need to have buyers
Your pricing strategy should be related to your desired timetable for your sale. Let's play out what this might mean for you... Do you need to sell yesterday? Are you moving out of the area for work, or do you have an offer on a new house in another market? If so, your list price will probably be (should probably be) d
Hey... check out that new listing... the price is great! Homes in that neighborhood have been selling for $550K... but that new listing is only $450K!?! But... oh wait.... It needs new flooring. New paint. Likely a new kitchen. New bathrooms. Plus, the roof will need replacing within the next few years and the HVAC sys
If you're looking to buy a home in Harrisonburg or Rockingham County... some of your best opportunities may be over the next few months! As we move into September, we'll start to see more homes listed for sale. But at the same time, you'll likely have slightly less competition from other buyers. More homes for sale...
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