Are short sales declining in the Winchester, VA real estate market?

Are short sales declining in the Winchester, VA real estate market?

Are short sales declining in the Winchester, VA real estate market? I guess that depends figure_house_shopping_1600_clr_2083on how you look at the market. If you look at the current pending sales you would see 325 properties under contract. Within that number are 85 short sales. Short sales make up 26% of the current pending sales. That may seem like a high number, but let’s take a look at a few numbers from a different angle.

If you were to look at the current available listings you would see that there 491 overall properties available on the Winchester / Frederick County real estate market. Within that number are 26 short sales. Short sales only make up 6.5% of the total number of currently available properties.

There has been a steady drift away from distressed properties in the local market. Can I see the end of foreclosures and short sales? Not at all. Until the overall economy improves, the presence of foreclosures and short sales is almost a given. That doesn’t mean that there won’t be a steady decline. The limited presence of short sales in the Winchester / Frederick County market still offer bargain shoppers an opportunity to buy a great house at a discount, but don’t wait too much longer. They may be gone. Call your Cornerstone Business Group, Inc. agent today.

Are short sales declining in the Winchester, VA real estate market?

Blues House Comes to Winchester, VA, July 13, 2013

Blues House Comes to Winchester, VA, July 13, 2013

It’s almost that time again.  What time do you ask?  It’s almost time for the Habitat for Humanity Blues House festival again.  The Blues House is the largest Blues festival in the Northern Shenandoah Valley.  The annual festival is in its 14th year, and it has been a big hit every year. 

This year, the Blues House festival will be held on July 13th from 11:00 am to 7:00 pm.  The festivities will take place at the Eagles Club, 700 Baker Lane, Winchester, VA 22601, Aerie 824 Outdoor Pavilion.  The Eagles Club is located on the east side of Winchester just off of route 7 (Berryville Ave).  It’s easy to find, and there is plenty of parking for participants. 

This year’s line-up of artists include Pat Travers Band, The Ori Naftaly Band from Israel, The Skyla Burrel Blues Band, Skinny Velvet, Terry Oates and the Mudcats and special guest musician saxophonist Ron Holloway.  Charles Allman will sing the national anthem. 

It looks like another great show.  Tickets are available online.  Tickets are also available at local businesses or at the door.  Advance tickets are $10, and door tickets are $15.  Chairs are welcome, but please don’t bring a tent.  Food and beverage venders will be on site throughout the event.  Remember, no coolers and no pets allowed.  Bring your sunscreen, and have a great time while supporting your local Habitat for Humanity chapter.

Blues House Comes to Winchester, VA, July 13, 2013

Cornerstone Offers Home-buyer Education in Winchester, VA

Cornerstone Offers Home-buyer Education in Winchester, VA

Cornerstone Business Group, Inc., is your northern Virginia home for  home buyer education.  Cornerstone has partnered with the Virginia Housing Development Authority and the Blue Ridge Housing Network to provide a broad array seminars designed to prepare a home-buyer for all of the steps to home-ownership.

The home-buyer seminar is an eight hour program that is required for buyers who will be seeking buying assistance.  Buying assistance may involve down payment assistance or closing cost assistance, or both.  Buyers who have completed the seminar, and who are qualified, can apply for financial assistance in their home purchase.

The seminar consists of eight sessions, including:

  • Personal Finance
  • Credit Reporting
  • Working with the Lender
  • Role of the Real Estate Agent
  • Virginia Fair Housing Law
  • The Home Inspection
  • The Loan Closing
  • Life as a Homeowner

Each class session is 45 minutes long and comes in two different formats.  One format is two 4 hour sessions over two days.  That works well for those who work during the day and have evenings free.  They can also be spread over two Saturdays.

The second format is an all day Saturday event.  It’s a long day, but when it’s over you’ll be loaded with a great deal of information to get you through the home buying process. This one is very popular with those who have a busy schedule throughout the week.

The seminar is full of top quality, and extremely important, information for any home-buyer to have.  If you have any questions, feel free to call Mike Cooper (540-722-6029) at Cornerstone, or Lori Noakes (540-622-2711) at the Blue Ridge Housing Network.

Non-responsive agents mean sellers pay the price. 

Would it seem strange to anyone, beyond me, that a listing agent has not responded to a contract submitted three days ago?  I went out with a nice couple Thursday afternoon.  They fell in love with the house and immediately went back to my office and submitted a full price offer with no contingencies.

 

I sent the contract to the listing agent, and I requested a confirmation that she received it.  Just to be sure, I called her to make sure she received it.  Her voice mailbox was full and not taking new messages.  No problem.  I sent a text.  On Friday, I sent another text and another email.  Late Friday, I called her again.  Her voice mailbox was still full and not accepting messages.

 

I called her broker to ask if the contract had been received.  He said, “Email it to the agent.”  I told him I did, but she hadn’t acknowledged it.  He said, “Call her.”  I told him that I did, but her voice-mail is full and not accepting new messages.  He said, “Text her.”  I told him that I did, but she is not responding.  His only solution was to text her himself.  Well, 24 hours later, nothing.  I guess his influence on this agent under his tutelage is no better than my attempts contact her.

 

I’ve given her until Monday to respond, and that is way longer than I should.  I have couple that is ready to buy, and they are ready to buy now.  She has a seller who is ready to sell, but she is AWOL.  The agent is not from our area.  So, I guess her clients are out of sight, out of mind.  Too bad too, my clients love the house and they have already been qualified to purchase it.  Too bad for the seller too, but if you hire agents who are not in your area, there is always the chance they will not know the area or respond to agents in the area.

 

This is a perfect example that non-responsive agents mean sellers pay the price.  If you want to sell your home in the Winchester / Frederick County area, call Cornerstone Business Group, Inc.  We will always respond to other agents and client questions and offers, and we will get your home sold without drama.

Non-responsive agents mean sellers pay the price.