Let’s start by saying that the foreclosure levels are still higher than normal… and certainly higher than we need to see for a robust economy.  However the foreclosure inventory is fading fast… DOWN 21% from last year according to an article at DSNews.com. For several years now, the keepers of doomsday prophecies have been warning […]

203 Wilcox St, Fredericksburg, VA 22408 (MLS # SP8017427)
(all data current as of 3/11/2013)

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Price

$109,000

Beds

3

Baths

1 full

…

Recently we represented a buyer who was purchasing a home in the Fredericksburg real estate market with a significant amount of acreage.  After contract ratification the lender provided notice to the buyer that they may not be able to finance the purchase due to the large amount of acreage.  (There are several reasons this may […]

Ruthie and I just previewed a home that we will be listing within the next couple of weeks.  This home has some really cool features, but among the most unique is the tornado hatch in the master bedroom closet.  The tornado hatch drops in to an insulated enclosure in the crawl space.  The home has […]

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Like most materials that can be harmful to your health, the primary concern with asbestos is to limit the level of exposure.  It is not uncommon to be exposed to asbestos.  In fact, it is highly likely that each of us will be exposed to some level of asbestos due to naturally occurring air, wind […]

A recent report by Zillow shows that home values posted their largest annual rise in the last six years.  Additionally, Zillow’s Home Value Index shows that home prices have risen during the last 15 consecutive months and are currently at their highest level since 2004. Zillow, and various sources, including our own research shows that […]

There are many, many…. many reasons that a short sale can be unsuccessful. But, and I emphasize this, most times if things had been handled differently then success would have been much more likely. Have you ever watched Olympic runners and seen how they line up on the starting blocks?  Those starting blocks are the […]

L.U.S.T.  Leaking Underground Storage Tanks that is.  Underground storage tanks can present considerable environmental issues, and as a result several laws have been implemented over the years to regulate the types of tanks used and to oversee cleanup and removal.  The Virginia Department of Environmental Quality is the state agency tasked with handling underground storage […]

Our weekly look at mortgage interest rates for the Fredericksburg real estate market.