Owning a home comes with many benefits, as well as responsibilities. From housework to decorations and even renovating, we all need to make constant upgrades to add value to our home and make it more comfortable. There are a number of things, however, that might not yet be on your radar, but these will help […]
Why buy a Charlottesville Home in the Winter
Why Buy A Charlottesville Home in Fall/Winter? In a place where spring is one of the most beautiful seasons of all, it makes sense that our Charlottesville real estate market is also incredibly busy during that time – with homes often selling within hours or days of coming on the market after fielding several contracts […]
A lot to consider if you are a first time home buyer
Buying Vacant Land – What to look for
With the lack of resale housing inventory in our area for the past few years, many Buyers are turning to the idea of purchasing some land and building their own home. But, what are some of the things you may need to look out for, and the right questions to ask (known as “due diligence”), […]
How to Determine a Home’s Value
Many Home Buyers believe the physical characteristics of a house will lead to increased property value. But, in reality, a property’s physical structure tends to depreciate over time, while the land it sits on typically appreciates in value. Although this distinction may not appear to be much, understanding how prospective land values influence property returns […]
2019 Real Estate Tax Rates
(Updated May 6, 2019) While the city of Charlottesville’s tax rate has remained steady, Albemarle County’s just increased from 83.9 to 85.4 cents per $100 of assessed value. Our City and local Counties set their own tax rates and then you pay your taxes based on the assessed value of your property at these rates. […]
The Salary Needed to Buy a Home in 50 U.S. Metro Areas
Have you ever wondered how much you would have to earn to be able to afford in a home in your area? And, how does this compare to other areas around the country? The Salary Needed to Buy a Home in 50 U.S. Metro Areas Here in the greater Charlottesville area, the latest first quarter […]
Millennials Taking Over in the Home Buyer Field
We’ve seen this trend building momentum in the past year or two, but now there is irrefutable proof that millennials are taking over the homeowner leaderboard. They’re getting older and finding stable careers, their household income has increased to $88,200, and they’re looking to buy their first homes. This works out perfectly for them as […]
Mortgage Interest Rates – On the Rise?
Lenders in our area have been talking about this issue for some time – mortgage interest rates are on the rise again after years of being at a standstill. Interest rates are projected to increase to an average of 5% for a 30-year mortgage and 4.4% for a 15-year mortgage. So, what does this mean […]
Real Estate in 2019 – What’s ahead?
As we saw in 2018 in the Charlottesville area, the spring market seemed to begin in early January, when it usually starts heating up in mid-February. Sales seemed to slow down a bit in mid-summer as there still wasn’t enough actual inventory – either resale or new construction – to supply the increasing demand. […]
Was it Easier to Buy a Home before the Internet?
It’s difficult to imagine buying a house in the years before the Internet, but it did happen and there are plenty of anecdotes to prove it. Back in the late 1940s and early 1950s, the GI Bill was instrumental in helping former soldiers and their families go back to school and also thereafter purchase a […]
On-line lenders and Real Estate
We are often asked at Solutions whether it makes more sense to go with a local lender in the Charlottesville area that knows the local market and is available to answer calls beyond regular office hours, or go with an online mortgage lender. We see the commercials all the time about being approved in eight […]
Why is the Listing Agent Present at a showing when I have a Buyers Agent?
Here at Solutions, we often let our Buyer’s clients know that when they are going to open houses and a listing agent approaches them to let that agent know they are working with a Buyer’s agent. This is to protect the potential Buyer as the listing agent is loyal to their Sellers FIRST and might […]
Generation Z and Home Buying
Generation Z and Home Buying Most members of Gen Z – born between 1994 and 2005 and now 23 and younger – expect to own their first home by age 28 – three years younger than the median age of first-time homeowners; and another nearly 100,000 already own a home. By contrast Gen Y – […]
Are Mortgage Points a Good Idea?
Are Mortgage Points a Good Idea? When it comes to deciding on what type of loan you will need to purchase a house, it’s a good idea to arm yourself with as much information as possible. One topic that comes up time and again is buying mortgage points and whether they can save you in […]
Things I wish I knew before buying my first home
For a first time home buyer, choosing and then buying a new home can be a confusing and somewhat daunting task. Here at Solutions, we’ll help you understand the process and find the home that’s the perfect fit. Know your needs. First, examine your lifestyle. Do you want to be in the country? Would you […]
What Does a Builder’s Warranty Cover?
What Does a Builder’s Warranty Cover? With the boom in new building construction taking place all over Charlottesville – from Crozet to in town and all along the 29 North corridor – many people considering building new might also want to think about what the builder’s warranty will cover after the home is built. Or, […]
Home Buying Tips for 2018
Home Buying Tips for 2018 Springtime typically means warmer temps and blooming flowers in the Charlottesville area, although the start to this year’s spring has been anything but typical with snow showers on the first official day of spring, and interspersed with sunnier days ever since. The market is indeed different from year to year, […]
Should You Buy in a Gated Community?
Should You Buy in a Gated Community? We have already looked at the pros and cons of buying a home in a neighborhood that has a Homeowner’s Association. Let’s now look at homes that go one step further – those that are located in a gated community. A gated community is a collection of homes […]