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Market Snapshot Prince Edward Co VA March 2021 0 Comments Posted

State Wide Realty Co:
Market Snapshot
Prince Edward Co VA
March 2021

 

  

 

Here is how the month of March 2021 played out for residential and land sales in South Central Association of Realtors for Prince Edward Co versus March of 2020. 

 

Residential

2021

2020

Average Days on Market

70

63

Average List Price

$296,224

$136,888

Median List Price

$279,900

$120,900

# of Solds

17

9

Average Selling Price

$292,253

$131,355

Median Selling Price

$276,000

$115,000

*Information provided by South Central Association of Realtors-Navica MLS System*

 

Land

2021

2020

Average Days on Market

2,985

617

Average List Price

$48,038

$57,900

Median List Price

$18,900

$60,800

# of Solds

13

3

Average Selling Price

$39,608

$54,600

Median Selling Price

$12,667

$60,800

*Information provided by South Central Association of Realtors-Navica MLS System*

 

Looking to Buy or Sell in South Central VA?
Let One of State Wide Realty Company's 15
Local Agents with over 400+ Years of 
Experience to Help You. 
Call 434-392-6163 or visit 
www.VaStateWideRealty.com today!

 

311 East Third St
Farmville, VA 23901
434-392-6163

www.VaStateWideRealty.com

View Comments | Add Comment Friday, April 23, 2021  1:01:51 PM
Happy Easter 0 Comments Posted

All of Us At
State Wide Realty Company

 Wish Everyone a Safe and Happy Easter!

View Comments | Add Comment Friday, April 2, 2021  10:42:26 AM
St Patrick's Day 2021 0 Comments Posted

*Found this one on Pinterest*

View Comments | Add Comment Wednesday, March 17, 2021  2:32:13 PM
Market Snapshot: Prince Edward Co VA February 2021 0 Comments Posted

State Wide Realty Co:
Market Snapshot
Prince Edward Co VA
February 2021

Here is how the month of February 2021 played out for residential and land sales in South Central Association of Realtors for Prince Edward Co versus February of 2020. 

 

Residential

2021

2020

Average Days on Market

121

50

Average List Price

$211,331

$151,091

Median List Price

$197,450

$132,000

# of Solds

16

13

Average Selling Price

$203,488

$149,745

Median Selling Price

$183,500

$132,000

*Information provided by South Central Association of Realtors-Navica MLS System*

 

Land

2021

2020

Average Days on Market

175

401

Average List Price

$135,000

$118,600

Median List Price

$180,000

$59,900

# of Solds

3

3

Average Selling Price

$128,667

$111,333

Median Selling Price

$165,000

$59,000

*Information provided by South Central Association of Realtors-Navica MLS System*

 

Looking to Buy or Sell in South Central VA?
Let One of State Wide Realty Company's 15
Local Agents with over 400+ Years of 
Experience to Help You. 
Call 434-392-6163 or visit 
www.VaStateWideRealty.com today!

 

311 East Third St
Farmville, VA 23901
434-392-6163

www.VaStateWideRealty.com

View Comments | Add Comment Monday, March 8, 2021  11:28:38 AM
Caution....Roadblocks Ahead! 0 Comments Posted

Caution....Roadblocks Ahead!

5 Things That Can Delay Your Closing

Everyone is anxious to close their first home but many are amazed when they run into delays - first the lenders and the inspections, then the holidays roll around…..you find yourself thinking what's next!?!

….TIME, it can kill a deal like nothing else!

1. Problems with the lender – This can happen for a number of reasons, ranging from underwriter delays and appraisals not coming in as expected. Find out up front, anything that you may need to provide to your lender to avoid delays.

2. Inspections not completed – Many home buyers think that the home inspection covers it all. Don't make this mistake, although home inspections are important, lenders may require termite, well and/or septic inspections as well. Ask your lender what, if any; additional inspections they require and your State Wide Realty agent what inspections the purchase contract included and whom is responsible for getting them done (you or the seller). If you wait until the closing to find out; then you have to find an inspector, get scheduled and then wait on their report.


3. Holidays - Avoid scheduling your closing around a holiday. Many people forget about the minor holidays that close down city and county offices. Having your closing around such a holiday can delay the recording of your deed, which allows the seller and other parties involved to be paid. So, if the seller says "No check – no key", you may not get into your home for three or four days if you close around a holiday.


4. Property Repairs – Keep in mind when asking for repairs after a home inspection to include wording about when the repairs are to be done prior to closing and if there is a delay due to unforeseen circumstances if money will be held in escrow and closing happen or if closing will delayed until such repairs are made.


5. Time Kills Deals – the longer it stretches out the more likely the deal will never close!! If it doesn't kill it, time can still be costly. Many lenders charge the buyer a fee for every day past the closing date that a deal doesn't close. Also your finance rate may expire and the rate may increase if you don’t close before your quoted rate expires.  So be aware of these clauses and make sure you meet the deadline or are ready to pay.

Don't be an idle engine, watch for delays and push things along….ask questions and plan - it's the best way to keep a deal on track. You can rely on your State Wide Realty agent to take care of many of these things but make sure you are aware of the details too. 
 

Need more advice before you decide, let us know. We'll be glad to help. Call 434-392-6163 or visit www.VaStateWideRealty.com today!

View Comments | Add Comment Thursday, February 25, 2021  4:10:53 PM
Things to Consider Before Listing Your Place 0 Comments Posted

Things to Consider Before Listing Your Place

You are trying to make the decision whether or not to sell your home. Here are some of the top things to consider when thinking about selling.

How much do you owe on your home? This is important to know so you know how much you would have to list your home for in order not to have to pay to leave it. Remember to factor in closing costs, realtor commissions and inspection costs to the amount. If this amount is more that you could get for your home then now isn’t the best time to sell if you have a choice.

What can I get for my home on the Market? Contact a State Wide Realty Co agent and they will be able to give you an idea of how much your home would be able to sell for and how long it may take to sell by researching comparable sales and the current market conditions. This will help make the decision easier for when and if to list.

Does my home need repairs? Are there things that need fixing, replacing or updating? These things can adversely affect the amount you could get for your home. Making a list and getting estimates of how much it will cost to get your home in selling shape will help you to know if your home should be listed now or may have to wait until you can get these items resolved.

Another important factor to consider is when you sell your home, do you have somewhere to go? When you are going to relocate to a different area it is important to know how the housing market is in that area and if there are homes available where you want to move to.

These are just a few things that can factor into the decision of whether or not to list your home. Once you have made your decision to sell, why not SELL with the BEST? Call State Wide Realty Company at 434-392-6163 or visit www.VaStateWideRealty.com today. We have been #1 in Sales for almost 2 decades for South Central VA Real Estate!

View Comments | Add Comment Wednesday, February 17, 2021  11:55:02 AM
State Wide Realty Co: Market Snapshot Prince Edward Co VA Jan 2021 0 Comments Posted

State Wide Realty Co:
Market Snapshot
Prince Edward Co VA
January 2021