You write an offer on a shortsale home and it is presented to the seller, the seller accepts the offer, but you aren't done yet. The offer now goes to the bank for approval. Most banks are very slow to decide on these short sale offers. It can take three, four, five even six months before the bank makes a decision. All this time they are also still taking offers; so it is possible that an offer that is better than yours could come in while you are waiting. In addition another branch of the bank is still proceeding toward foreclosure. It is possible that the home could be foreclosed on before the other part responds to your offer.
A short sale can be an opportunity to get a great deal. In addition to the good price, short sale homes are usually in better condition than a lot of foreclosures since the homeowner is still living in the home.
However, if you are a first time homebuyer searching Charlottesville homes for sale you should omit short sale properties from your search. With the long delays that usually accompany these transactions, you risk not being able to meet the deadline for the $8,000 First Time Homebuyers Tax Credit. With all of the homes for sale on the Charlottesville real estate market, your real estate agent will be able to find you a selection of well priced homes without having to resort to looking at short sales.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville Homes For Sale - Is A Short Sale A Good Choice For A First Time Homebuyer?"
Dunlora is conveniently located off of Rio Road which connects Park Street and Route 29. The Dunlora neighborhood is a short drive from shopping on 29 north and downtown Charlottesville. The community boasts such amenities as a pool, tennis courts, walking trails and soccer fields.
There are currently 8 resale homes for sale in Dunlora priced from $385,000 to $525,000. These homes were built between 1992 and 2005. There is one to be built home on the market priced at $799,000. There is also one attached Dunlora home for sale priced at $419,900.
One of the things that I particularly like about the Dunlora community is the fact that number of mature trees that there are throughout the neighborhood. Many of the homes are two story, although you will find some homes with one level living as well.
The interactive search below will show some of the Dunlora homes currently on the market.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville VA Homes For Sale - Dunlora".
15 Charlottesville condos sold during October for an average price of $160,377. They were on the market for an average of 118 days and sold for an average of 91.01% of the list price.
During September 13 condos sold in Charlottesville-Albemarle. They sold for an average price of $273,727 and had been on the market for an average of 72 days. They sold for an average of 86.95% of the list price.
17 Charlottesville condominiums had contracts that closed during August. Their average sale price was $196,941 with an average DOM of 115. The condos sold for an average of 94.30% of the list price.
Today 11/12/2009 there are 208 Charlottesville VA condos for sale for an average price of $238,401 and a median of $189,000. They have been on the market for an average of 221 daysso far.
From 1/1/2009-11/1/2009, 129 condominiums sold on the Charlottesville VA real estate market. This represents a -34.5% decline in sales as compared with the same time period in 2008.
The Charlottesville condominium market continues to remain the most depressed sector of the Central Virginia real estate market. One of the factors that impacts this is the difficulty in obtaining financing for purchasing a condo in many of the condo projects. Many of the condos in Charlottesville and Albemarle County are student occupied and many of these are also investor owned. A purchase in one of these projects is very difficult to obtaining financing for. I do know of a mortgage company that will write investor loans for many of these hard to finance condos.
The above figures are from the mls and while they are deemed correct are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Charlottesville Real Estate Market Report Condominiums - October 2009".
20 homes sold in Louisa County in October for an average sale price of $251,616. They were on the market for an average of 149 days and sold for an average of 97.65% of the list price.
18 Louisa County homes sold in September. Their average sale price was $191,864 and they had been on the market for an average of 196 days. They sold for an average of 90.93% of the list price.
During August 17 homes had contracts that closed in Louisa County. The homes had an average sale price of $272,530 and an average DOM of 148. They sold for an average of 96.67% of the list price.
Today 11/09/2009, there are 193 Louisa County homes for sale at an average sale price of $415,616, and a median of $244,000. The homes have been on the market for an average of 162 days so far.
During the time period from 1/1/2009-11/1/2009, 235 homes sold on the Louisa County real estate market. This represents a decline in sales of -21.9% as compared with the same period in 2008.
If you have been following the posts on the other Central Virginia counties, you will see that Louisa County homes are taking longer to sell on average than those in other counties. We can also see that there is still way too much inventory on the market. It is encouraging to see that the price point of sales in October and August were up from previous months. It will be interesting to see how the extension of the tax credit affects the winter Louisa County real estate market. Hopefully we not see our usual winter dead period.
The above figures are from the mls and while they are deemed correct they are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Louisa County VA Real Estate Market Report - October 2009".
22 homes sold in Fluvanna County duiring October 2009. The average sale price was $222,957, with an average of 74 days on the market. The homes sold for an average of 99.81% of the list price.
In September 2009, 23 Fluvanna County homes had contracts that closed for an average price of $260,041 being on the market for an average of 102 days. They sold for an average of 96.85% of the list price.
26 Fluvanna County VA homes sold in August. The average sale price was $232,328 an average DOM of 103 they sold for an average of 98.77 the list price.
Today 11/8/2009 there are 262 Fluvanna County VA homes for sale. The average list price is $311,984 with a median of $244,950. They have been on the market for an average of 154 days so far.
During the year so far from 1/1/2009-11/1/2009, 205 homes have sold on the Fluvanna County real estate market. This represents a drop in sales of -26.3% from the same period in 2008.
As you can see Fluvanna County home sales remain very sluggish with a lot of inventory on the market. I would have expected to see higher numbers in September and October as First Time Homebuyers took advantage of the $8,000 Tax Credit. Also if you look at the average price of the homes that are selling as compared with the median and average prices of the homes on the market today, you will see that the homes that are selling are largely below the average and median price of the homes listed.
The above figures are from the mls and while they are deemed correct are not guaranteed.
Contact Pam Dent, e-PRO, SRES, NHD, REALTOR®, Real Estate III, Charlottesville, Virginia at 434 960-0161 to buy a property in the following areas in Central Virginia: Charlottesville, Albemarle County, Keswick, Glenmore, Ivy, Crozet, Earlysville, Free Union, Cismont, Scottsville, Fluvanna County, Palmyra, Lake Monticello, Louisa County, Louisa, Mineral, Spring Creek, Orange County, Gordonsville, Orange, Barboursville, Greene County, Ruckersville. Email Pam Dent.
View all of the Charlottesville Virginia homes for sale.
View my website Charlottesville Horse Farms or visit my other blog Charlottesville Horse Farms and Country Homes for more information on Charlottesville Virginia horse farms, homes, events and real estate.
Copyright © 2009 by Pam Dent, all rights reserved, "Fluvanna County VA Real Estate Market Report - October 2009".
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