Market Snapshot: Prince Edward Co VA February 2021
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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!
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!
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!
State Wide Realty Co: Market Snapshot Prince Edward Co VA Jan 2021
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State Wide Realty Co: Market Snapshot Prince Edward Co VA January 2021
Here is how the month of January 2021 played out for residential and land sales in South Central Association of Realtors for Prince Edward Co versus January of 2020.
Residential
2021
2020
Average Days on Market
78
63
Average List Price
$244,207
$165,088
Median List Price
$245,000
$147,450
# of Solds
15
8
Average Selling Price
$238,587
$160,115
Median Selling Price
$235,000
$142,625
*Information provided by South Central Association of Realtors-Navica MLS System*
Land
2021
2020
Average Days on Market
255
221
Average List Price
$85,340
$63,120
Median List Price
$75,000
$42,000
# of Solds
5
5
Average Selling Price
$76,700
$50,880
Median Selling Price
$65,000
$33,000
*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!
Here are our land listings that were SOLD in 2020. We are so grateful for all of our clients and look forward to helping even more people find their perfect property in 2021!
Market Snapshot: Prince Edward Co VA December 2020
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State Wide Realty Co: Market Snapshot Prince Edward Co VA December 2020
Here is how the month of December 2020 played out for residential and land sales in South Central Association of Realtors for Prince Edward Co versus December of 2019.
Residential
2020
2019
Average Days on Market
72
178
Average List Price
$268,324
$141,990
Median List Price
$189,900
$98,950
# of Solds
21
10
Average Selling Price
$255,133
$128,090
Median Selling Price
$189,900
$96,200
*Information provided by South Central Association of Realtors-Navica MLS System*
Land
2020
2019
Average Days on Market
26
126
Average List Price
$42,000
$62,817
Median List Price
$42,000
$32,950
# of Solds
1
6
Average Selling Price
$36,000
$52,333
Median Selling Price
$36,000
$29,000
*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!
Sold But Not Forgotten 2020 Part 1 Homes and Commercial Properties
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Sold But Not Forgotten 2020 Part 1
Homes and Commercial Properties
Here are our homes and commercial listings that were SOLD in 2020. We are so grateful for all of our clients and can't wait to help more people find their dream property in 2021!
An age old real estate question, which matters more the house or the location? Well the reality is that there may have to be compromises on both to stay in budget.
Compromising on the House: There is no doubt you have a must have list for your new home such as number of bedrooms, square feet, etc. then when you hit the market for that home you realize your budget does not allow for everything and a compromise has to be made. Do you stay in the area you like and get a home that does not “fit” your needs but you can afford? Is a renovation possible down the road to make it more like the home of your dreams? These are the questions buyers ask themselves constantly.
Compromising on the Location: In every location there are areas that are more sought after than others. If the home you like is in an area that is known as troublesome or too far from jobs, schools and shopping, you may have problems on the resale. The one thing you cannot change about the home once you have bought it is the location.
So What Matters Most?
Overall, the location of the home matters more than the house does. As stated before you can fix a house to your liking but you cannot change the area the house is in.
Don't compromise on an Agent: Call State Wide Realty to help you find your home or land at 434-392-6163 or visit our website at www.VaStateWideRealty.com
If you're like most of us, you have a mortgage payment and every month you don't sell is another payment. So the question is not if you can afford to fix up your home to sell but if you can afford NOT to fix up your home to sell.
Now that you're with me, let’s talk about quick or low-cost fixes….NO big spending because you won't recoup that money!! Take an honest walk around your house and make a list of minor repairs, if you don't see anything ask your State Wide Realty agent.
Improvement ideas for your list:
Broken Fixtures – Light switch and outlet covers are inexpensive and quick to fix.
Change Light Bulbs – Make sure any room that has a light fixture has working light bulbs.
Fix leaky faucets –This is a potential “red flag” to buyers and usually isn’t a costly repair.
Doors that stick or won't shut- Better to fix it than leave a negative impression.
Cracked caulking – Re-caulking sinks and tubs give a crisp clean look.
Locks & Door Knobs - Tighten existing knobs…or splurge on an upgraded door knob and deadbolt for the front door.
Paint Interior Walls – We all have our own taste in colors; now that you're ready to sell change the paint to neutral colors to attract more buyers.
Paint trim and doors–Give your home a fresh clean look from the curb.
Tidy up the Yard - Trim the bushes, weed the flowerbeds and cut the grass. Pick up the kids toys and make your yard look inviting. Most of this will just take time and not cost a thing!
Pressure wash the house and windows - Let's face it nothing makes a house look cleaner than cleaning it!
Just keep in mind that these small things are helping to realize the big picture of selling your home.
Looking for an agent to help you sell? Let one of State Wide Realty Company’s 15 local agents help you with their over 400+ years of combined experience. Call 434-392-6163 or visit www.VaStateWideRealty.com today!
The party might be a little different this year but that doesn’t mean you have to skip out on the fun.
Decorate: Put lights and decorations on the outside and inside that remind everyone that it is New Years and a celebration. Party Hats, noise makers, and other celebration items can be placed throughout the house for convenience. Bubbles, confetti, and glow in the dark items are always a big hit. Have a message board to remember things about the night or what you are looking forward to in the New Year. Capture moments with a photo station with “accessories” to put on to be fun and festive.
Clock: There should be a clock that is visible so when the time to countdown approaches it will be ready for the big ball drop.
Make Room: Have plenty of space for dancing or playing games to wait out the ball drop.
The main thing to remember is that New Year’s is about being with those you love and having fun celebrating the beginning of a New Year.
Happy New Year!
Is Owning a New HomeYour New Year's Resolution? Let One Of State Wide Realty Company's 15 Local Real Estate Experts Help You With Over 400+ Years Of Real Estate Experience. Call 434-392-6163 or visit www.VastateWideRealty.com today!
Merry Christmas From
State Wide Realty Company:
Farmville, VA
From Our Families to Yours....
Christmas comes but once a year
Spreading hope and lots of cheer,
The true meaning of Christmas is
something to hold so dear,
And brings us all so near.
May you be Blessed and Merry
and always remember;
Market Snapshot: Prince Edward Co VA November 2020
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State Wide Realty Co: Market Snapshot Prince Edward Co VA November 2020
Here is how the month of November 2020 played out for residential and land sales in South Central Association of Realtors for Prince Edward Co versus November of 2019.
Residential
2020
2019
Average Days on Market
37
165
Average List Price
$197,890
$187,940
Median List Price
$189,900
$166,950
# of Solds
10
10
Average Selling Price
$195,760
$175,480
Median Selling Price
$189,450
$151,500
*Information provided by South Central Association of Realtors-Navica MLS System*
Land
2020
2019
Average Days on Market
193
44
Average List Price
$22,750
$70,975
Median List Price
$22,750
$70,975
# of Solds
2
2
Average Selling Price
$21,000
$67,000
Median Selling Price
$21,000
$67,000
*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!
State Wide Realty Tips when Moving from the City to the Country TO Quite frequently, our office gets calls on various tracts of land that we are advertising. Some of these calls come from people in the city that are planning to move to the country.
If you’re thinking of moving to the country you may begin your search on the internet. You may find that many rural land and lots don't have addresses with them that's because they usually do not have 911 addresses until there is a dwelling in place. The best way to locate such a property is to contact the agent and get the coordinates from features such as Google Earth. A word of caution, even armed with these coordinates, GPS systems can be very unreliable in the country. Take a back up map, so you don't find yourself miles from a phone without a signal for your cell or GPS.
When thinking of moving to the country, it's important that subdivisions in the country are not the same as in the city. In the city the word subdivision or HOA brings to mind a community of homes nestled together on nicely manicured streets. However, country subdivisions can vary greatly from 2 acre lots to 20 acres or more. These types of lots will allow for more privacy but you will still need to ask about restrictions and if there is a homeowner's association.
During your search for property in the country, it is also important to know a little about septic systems and wells.
Septic Systems
How they work: The most common septic systems have a 1,000 gallon tank located near the dwelling. The sewage goes in and overtime the bacterium liquidizes most of it which in turn flows from the tank to a distribution box. From there it goes to the drain field buried about 8 feet underground and is absorbed by the soil.
What you need to know: Septic systems are mostly trouble free and can go years without pumping. However, it is important not to put harsh chemicals in the tank because you will not need to add bacteria to a tank that has not been abused.
Wells - In most rural areas, a well is the only source for water. When having a well drilled it is safer to pay a flat rate instead of by the foot.
For many that move from the city, it comes as a surprise that trash pick-up is not available at their home - rather trash must be taken to a land fill. A trash compactor is very useful.
Many city dwellers look for property in rural areas for recreation. So it's important to note that you, your children or grandchildren do not need a hunting license to hunt on your own property even if you are a non resident. Also, a fishing license is not required for private ponds & lakes.
We hope this helps all the city dwellers moving to the country avoid any unpleasant surprises and find the perfect country retreat.
Need to find your Perfect Country Place? Call State Wide Realty Co., at 434-392-6163, the #1 in South Central VA Sales for a reason! Visit our website at www.VaStateWideRealty.com
State Wide Realty Asks: What Impression is Your Home Making
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State Wide Realty Asks: What First Impression is Your Home Making?
When you are selling your home it is important to make sure that buyers are attracted to it from the moment they first see it. The goal is to have your home’s best features stand out and not be overshadowed by how the yard looks or things in need of repair.
Do a self-check. Maybe you always enter your home through the back door or the garage, go out and take a look of your home from the front how a buyer would see it. Are their items that need repair? How does the front door/porch look? Think about what would appeal to you if you were looking at your home for the first time.
Keep The Yard Clean. Your yard will be the first thing a buyer will see when coming to see your place so making sure things like the yard is mowed and there is no trash in the yard are ways to make your home look its best.
These things are important because the type of first impression your home makes will determine if a buyer will even decide to stop and look or keep on going.
Need help buying or selling? Let one of State Wide Realty Company’s 15 local real estate experts with over 400+ years of experience to help. Call 434-392-6163 or visit www.VaStateWideRealty.com
There are certain cases where renting is a necessity for the individual or family. On the other hand there are many people that are renting when they could be paying a mortgage instead. Individuals that rent can be surprised at how much less they would have to spend per month on a home they are buying rather than renting.
This brings us to benefit #1 of home ownership: Your money goes toward YOUR home and not to pay for someone else’s. This helps your credit and your home will produce equity for you for the future.
Benefit #2 of owning a home is tax benefits. The interest paid on a mortgage and most of the property taxes are deductible. Consulting a tax professional to guide you on this would be a wise thing to do.
Benefit #3 of owning versus renting you can customize the home however you like without having to get permission first or be denied because the homeowner won’t allow it.
Benefit #4 are the feelings of stability and comfort you have knowing that the home you are in is yours and that you have this place to come to everyday. Owning a home is a something to be PROUD of.
Benefit #5 of owning a home is having a solid investment. The value of your home will increase with every passing year unlike a vehicle that losses value almost immediately.
For Information on Homes Available in South Central VA Call State Wide Realty Co. at 434-392-6163 or visit our website at www.VaStateWideRealty.com.
