5350 Discovery Park Blvd.

Williamsburg, VA 23188

757-254-4354

hollymiller@lizmoore.com

All posts tagged buying a home

Capital – Updated July 11, 2012, 7:51 p.m. ET  By David Wessel

The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.

Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s David Blitzer said a few weeks ago as he reported the first monthly increase in the slow-moving S&P/Case-Shiller house-price data after seven months of declines.

Nearly 10% more existing homes were sold in May than in the same month a year earlier, many purchased by investors who plan to rent them for now and sell them later, an important sign of an inflection point. In something of a surprise, the inventory of existing homes for sale has fallen close to the normal level of six months’ worth despite all the foreclosed homes that lenders own. The fraction of homes that are vacant is at its lowest level since 2006.

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Holly Duke Miller is an Associate Real Estate Broker with Liz Moore and Associates in Williamsburg, Virginia.  She is also a certified Senior Real Estate Specialist or SRES®.  She specializes in homes for sale in Williamsburg, James City County, York County, New Kent County, and surrounding areas.  She offers full service real estate support to both buyers and sellers of Williamsburg area homes and land.  As a native to the area, Holly is very knowledgeable about the local market and takes pride in helping each and every client reach their goals.  Whether you are considering buying a home in the Williamsburg area or have a property to sell, she looks forward to working with you.  Please contact her anytime at 757-254-4354 or email her at hollymiller@lizmoore.com for all of your Williamsburg and surrounding area real estate needs.

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Did you know that Cogan’s Deli and Pub in New Town has off track betting??  I am by no means an expert, but I went in there and had a lot of fun trying my luck at the horses.  You can choose from tracks all around the world and the bets are at a minimum cost.  You do not have to be a big spender to play.  You must register and open an account with a minimum of $25.00, but most bets have only a $2.00 minimum and some are less. I had a great time and actually won a few bucks.  Go in and check it out.  They also have cold beer and great sandwiches.  Click here for the menu

Holly Duke Miller is an Associate Real Estate Broker with Liz Moore and Associates in Williamsburg, Virginia.  She is also a certified Senior Real Estate Specialist or SRES®.  She specializes in homes for sale in Williamsburg, James City County, York County, New Kent County, and surrounding areas.  She offers full service real estate support to both buyers and sellers of Williamsburg area homes and land.  As a native to the area, Holly is very knowledgeable about the local market and takes pride in helping each and every client reach their goals.  Whether you are considering buying a home in the Williamsburg area or have a property to sell, she looks forward to working with you.  Please contact her anytime at 757-254-4354 or email her at hollymiller@lizmoore.com for all of your Williamsburg and surrounding area real estate needs.

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Very, very few people are qualified to sell their home without the help of a real estate professional.  And, unfortunately, many people who believe they are saving money… aren’t.  In fact, they may be surprised at just how much it’s costing them to go it alone.

Here are some of the reasons that a professional Realtor is invaluable:

1)  Pricing in this market is tricky.  Setting a price on your home takes an insightful analysis of not only past sales, but current pending sales.  Many for sale by owners are actually over pricing their properties right now, because they don’t have the experience or access to the right data in order to accurately determine market value.

In addition, we are also seeing approximately 1 in every 5 appraisals coming in low, sometimes thousands of dollars.  A good Realtor can assist with appealing an appraisal, or working with the appraiser or underwriter to get a value adjustment, potentially saving the seller thousands of dollars.

2)  Realtors are expert negotiators…an absolutely essential need in today’s buyers’ market.  With the leverage of the Multiple Listing Service and in-depth knowledge of available loan programs, a good Realtor can insure that buyers and their agents are attracted to your property first.

3)  The name of the game is not finding a prospective buyer for your home, but finding the right prospective buyer.  The biggest mistake a private seller can make is taking their home off the market for an unqualified buyer, or one who has allowed a loophole in the contract.  They are fooled by supposed “pre-qualification” letters that aren’t worth the paper they are written on.  Realtors are diligent about checking out the qualifications of potential buyers, knowing the right questions to ask, and how to identify potential trouble spots.  Because Realtors prepare, negotiate and process sales contracts every day, they know what to watch out for in contracts.

4)  There are at least a dozen junctures in the real estate transaction where working with a professional Realtor saves the seller money.  Insuring that their clients don’t pay excessive “junk fees” (fees charged by lenders that the buyer is, by law, not permitted to pay), coordinating timing to avoid duplicate or unnecessary mortgage payments, limiting liability and repair exposure, the list goes on and on.  For many, simply access to their Realtor’s network of reliable and affordable affiliates saves clients hundreds of dollars and a lot of headaches.

And, of course, this is not to mention the time involved to market, sell, and close a home.   Before you risk going it alone, you owe it to yourself to interview a professional Realtor!

Holly Duke Miller is an Associate Real Estate Broker with Liz Moore and Associates in Williamsburg, Virginia.  She is also a certified Senior Real Estate Specialist or SRES®.  She specializes in homes for sale in Williamsburg, James City County, York County, New Kent County, and surrounding areas.  She offers full service real estate support to both buyers and sellers of Williamsburg area homes and land.  As a native to the area, Holly is very knowledgeable about the local market and takes pride in helping each and every client reach their goals.  Whether you are considering buying a home in the Williamsburg area or have a property to sell, she looks forward to working with you.  Please contact her anytime at 757-254-4354 or email her at hollymiller@lizmoore.com for all of your Williamsburg and surrounding area real estate needs.

 

 

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There are several places to enjoy fireworks in historic Williamsburg in celebration of Independance Day.

Colonial Williamsburg, America’s Birthplace – Many events scheduled including a pinic at the Governor’s Palace,  reading of the Declaration of Independence, Fife and Drum performance, Fireworks, and more.  Click here for more info

Yorktown Liberty Celebration July 3rd and 4th – vistitors can interact with Revolutionary War re-enactors, observe tactical and artillery drills, take part in a number of military exercises, and more.  The daytime events will be complimented by the Fourth of July Celebration in historic Yorktown Wednesday evening. Click here for more info

Busch Gardens – IllumiNights – Busch Gardens celebrates summer with IllumiNights, a nightly extravaganza featuring live performances, music and special effects that culminates in a park-wide firework spectacular. Beginning July 1 through Aug. 19 each country will celebrate IllumiNights in its own way with multiple performances throughout the evening. Fifty nights of fireworks provide a perfect ending to a summer evening. Click Here

Holly Duke Miller is an Associate Real Estate Broker with Liz Moore and Associates in Williamsburg, Virginia.  She is also a certified Senior Real Estate Specialist or SRES®.  She specializes in homes for sale in Williamsburg, James City County, York County, New Kent County, and surrounding areas.  She offers full service real estate support to both buyers and sellers of Williamsburg area homes and land.  As a native to the area, Holly is very knowledgeable about the local market and takes pride in helping each and every client reach their goals.  Whether you are considering buying a home in the Williamsburg area or have a property to sell, she looks forward to working with you.  Please contact her anytime at 757-254-4354 or email her at hollymiller@lizmoore.com for all of your Williamsburg and surrounding area real estate needs.

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