Posts with tag 'First-time Buyers'

If you're the kind of person who likes to do things on your own, you might find the idea of an FSBO sale – for sale by owner – intriguing. Unfortunately, the benefits that people expect often fail to materialize ... and the final sale turns out to be much less profitable than planned.

Homeowners who are going into their first sale often believe they can save money and even speed up the process by going it alone. When things go poorly at first, it's easy for inexperienced sellers to double down and feel like they just need to "tough it out."  By the time they decide to work with a qualified real estate agent, they may have done more harm than good selling their home.

By the time someone is there to get the sale on track, trends in the housing market could be shifting. Sometimes, the changes are positive ones. In many cases, though, sellers find themselves running after the initial conditions that persuaded them to sell in the first place.

That can be a disaster – it could even sabotage the prospects for selling at all.

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For the first time since the 2008 housing bubble, homes are going on the market en masse – and the Richmond, VA housing market is one of the hottest places in the United States.

Napier ERA President Jim Napier put this into perspective in the June, 2017 publication of Richmondmag.com:

"Six months' worth of inventory is considered a normal market that favors neither buyer nor seller. On average, the Richmond region has a little more than four months of inventory based on home sales from the first quarter of 2017."

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2018 will be a promising year for anyone who wants to buy one of the homes for sale in Richmond. Richmond is a desirable real estate market for both growing families and upwardly-mobile professionals, and there are plenty of opportunities to find amazing homes in our community. 

While Richmond is still the same great area for home buying it has been for years, some aspects of the housing market are shifting. The more you know, the easier it'll be to navigate your options, make the best choices for you, and find the Richmond home you've been searching for.

Let's review some of the most important trends influencing area home buyers today:

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Are you deciding whether to buy a brand new home or an older home in the Richmond area? Both options have their benefits, and Richmond is an excellent place to shop regardless of what type of home you are targeting. Older homes offer that comfortable, "lived in" feel, but may also require more maintenance after you move in. New homes are more likely to offer the latest amenities, unique, customized features, and energy efficient design throughout the home. Our real estate agents are here to help you make the right choice for your needs, with a guide to new homes in Richmond, VA .

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When you're searching for a home in Richmond, finding the perfect neighborhood definitely matters. A favorite location loved by Richmond locals is the Fan District. Located between Broad Street and Main Street, this culture-filled neighborhood lies at the eastern part of the West End area. 

So what is so appealing about the Fan District? Find out why Richmond locals love this historical and picturesque neighborhood.  

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