November 2017 Real Estate Report – Winchester-Frederick County, VA

November 2017 Real Estate Report – Winchester-Frederick County, VA

The Winchester-Frederick County, VA November 2017 real estate report is not sexy. Actually, it’s down right boring, but this is one time when boring is a good thing. The market saw 126 sales in November 2017. Of those sales, 8% were distressed properties. November 2016 saw 7% distressed properties. In comparison, 2015 was 18.4%. The current number is a far cry from 2015, and it is more consistent with a much healthier market.

November 2017 Real Estate Report: By the numbers

The average days on the market were down to 59. Again, that’s a good number when November 2017 Real Estate Report - Winchester-Frederick County, VAcompared to 2016, which was 111. But, if you factor in 2015, at 64 days, the market is slightly below average in days on the market, but this is one time when below average is good.

The average price of November sales pulled back slightly from 2016, but it was up as compared to 2015. The average 2017 sales price was $251,004. The 2016 average was $267,143 and 2015 was $245,016. The difference from 2015 and 2017 is only 2%. That is nominal.

The Winchester-Frederick County, VA November real estate market has reached a healthy place. The current November 2017 sales were 14% off of the 2007 market which was heading toward recession. The price pull back in 2008-2009 created a 37% deficit in home prices. At 14% below 2007, the market has reached a sustainable true value, rather than the inflated value of the pre-recession market.

Homeowners in the Winchester-Frederick County, VA real estate market have a lot of to be thankful at the end of 2017. The market is stable, distressed properties have leveled off and prices are up and days on the market are down. What is not to love? It’s not sexy, but it is healthy.

Winchester-Frederick County, VA Mid-Year Real Estate Report – 2017

Winchester-Frederick County, VA Third Quarter Real Estate Market Report – 2017

 

Cornerstone Business Group, Inc., would like to welcome Samar Jafri to our Realtor sales team!

Cornerstone Business Group, Inc., would like to welcome Samar Jafri to our Realtor sales team!

Cornerstone Business Group, Inc., would like to welcome Samar Jafri to our Realtor Cornerstone Business Group, Inc., would like to welcome Samar Jafri to our Realtor sales team!sales team! Samar (pronounced “Summer”) comes to Winchester, VA from Toronto, Canada. She is a vibrant client-focused professional who makes sure the needs of her clients come first.

Samar has as Bachelor of Arts Degree in Economics from York University, Toronto. Her economic background, along with her real estate investor experience, make her uniquely qualified to give clients the best attention possible for their real estate buying and selling needs. Like many of the Cornerstone team, she has been a real estate investor for many years. She uses that ability for her clients advantage, and she knows how to look at a property from an investor point of view.

When you’re ready to buy or sell a home in the Winchester-Frederick County, VA area, give her a call and expect great things. She will not disappoint, and she brings the Cornerstone values of excellence and client-focused results to your real estate needs. Welcome to the team. We’re happy to have you on board.

What to look for before a home inspection on your listed home: Electrical

What to look for before a home inspection on your listed home: Electrical

If you’re selling your home, home inspections can be a challenge. It is important to know what to look for before a home inspection on your listed home. A little insight before a home inspection can save a lot of money in last-minute home inspection repairs. There are certain areas that are common home inspection problem areas that can be spotted before you have a ratified contract. For instance,

What to look for before a home inspection: Wrong Wiring

Check the wiring. Any home can have electrical issues, but there are a few electrical What to look for before a home inspection on your listed home: Electricalissues that are common problems in home inspection repair requests. An inexpensive plug-in tester can give you all the information you need to make a simple check of the electrical wiring at the receptacles in your home.

Receptacles with reversed hot and ground, or reversed hot and neutral wires are simple fixes. It is common when replacing a wiring device to get the wires backward. When that happens, the tester will show an

What to look for before a home inspection on your listed home: Electrical

 anomaly with lights lit differently than correct wiring. The photo above shows the correct wiring. If the lights are lit in another format, the wiring is incorrect and can damage sensitive electronics.

 

Make sure to turn the power off on receptacles that are incorrectly wired and reverse the wires. A simple rule is that black wires go on brass colored screws and white wires go on silver-colored screws. The bare copper wire goes on the green screw. Simple enough?

What to look for before a home inspection: Non-grounded Receptacles

What to look for before a home inspection on your listed home: ElectricalAnother electrical issue, that I see often, is when non-grounded receptacles are replaced with receptacles designed to be grounded. In older knob and tube wiring or in wiring where the Romex wires only contain two conductors (early 1960s), a ground wire is not present. Changing the receptacles from a two slot device to a three slot device does not make it grounded. It can also create a situation where sensitive electronics can be damaged.

 

What to look for before a home inspection on your listed home: Electrical

There is a way to fix this problem without re-wiring the house. A ground fault receptacle can be placed at the beginning of a line of receptacles and everything down-line receives an element of protection. The GFI must be the first device in the line. The What to look for before a home inspection on your listed home: Electricalwires still need to be on the correct sides of the GFI receptacle and the down-line receptacles need to be on the “LOAD” side of the GFI. That one change can make a huge improvement in an non-grounded circuit. It is radically less expensive than a full re-wire, and it gives an element of protection to an non-grounded circuit. The receptacle cover-places on that line should have a sticker that indicates that the device is non-grounded. The GFI provides protection, but it is not the same as a grounded receptacle.

It is important to know what to look for before a home inspection on your listed home. Being ready for the inspection will make you less stressed and more ready to move on to closing your home sale. When you’re ready to list your home, give Cornerstone Business Group, Inc., a call. We are your local real estate sales pros, and we are Virginia state contractors. We can help point out areas that need attention before your home hits the market.

 

 

 

Buying a Winchester-Frederick County, VA Home Made Simple

Buying a Winchester-Frederick County, VA Home

Buying a Winchester-Frederick County, Virginia home can be exhilarating and Buying a Winchester-Frederick County, VA Home Made Simplehorrifying at the same time.  It’s the single largest expense most people will accept in their lifetime.  That alone could make you want to run the other way, but STOP!  I can help you buy your first home, and we’ll have fun doing it.

There are a few things you can do to get prepared for buying a Winchester-Frederick County, VA home.  These simple guidelines will make the process simple and less stressful.

Buying a Winchester-Frederick County, VA Home: Bullet Points

  • Decide what kind of house you “need” or “want” before you start looking.  How many bedrooms do you want?  How many bathrooms will you need?  Do you need a basement, fenced yard, garage or a family room?  Have this information ready before the search.
  • Drive around the area and see what neighborhoods look like. Find an area where  you would like to live.  Which ones can you scratch off your list? Which ones will you keep?
  • Do a few web-searches on Zillow.com, Trulia.com, Realtor.com, Homes.com, FranklyMLS.com.  That will give you a little sense of what to look for when reviewing listings.
  • Call Cornerstone Business Group, Inc. You will need an experience Realtor to help you gain access to the homes that you ultimately want to look at, and your Realtor can help you see things you may not have enough experience to see.
  • Ask your CBG Inc. agent for recommendations on Lenders and make an appointment.
  • Have the lender do a summary of your financial situation and qualify you for a purchase of $XXXXXX.  That will help you know what price range you should be looking in.
  • Link up with your CBG Inc. agent and start the search in the local MLS, pick your favorites and go take a look.
  • Have your CBG Inc.agent explain the process from contract through loBuying a Winchester-Frederick County, VA Home Made Simplean to closing.  You will have a time-line to work out details.  Your CBG Inc. agent can get your ready to take that journey.
  • Move in and recommend CBG Inc. to all your friends. 

Buying a Winchester, Virginia home can be a great experience if you follow a few simple guidelines.  Let’s get together and make it happen today!

 

This post was originally published at http://activerain.com/blogsview/5126474/buying-a-winchester-frederick-county–va-home.