As localities start discussing and issuing new tax rates in conjunction with new tax assessments, I thought it would be a good idea to explain the difference between assessed value and market value.
Assessed value is defined as the dollar value of an asset assigned by a public tax assessor for the purposes of taxation. For […]
Fredericksburg City:
76 days on market – this is 121 days less than in January 2009
Sellers received, on average, 93.32% of their list price when the home sold
There is 13.1 months of inventory on the market
12 homes sold in January 2010 – this is 2 less than in January 2009
The most popular price range was $250,000-$349,999.
The median sold price was $257,500, compared to $217,500 in January 2009
Financing Terms: Conventional – 5, […]
Who would have thought that this area would be hit by several feet of snow? Well, we have been. So let’s go over some snow safety for you and your home.
1. When shoveling, be sure to wear loose clothes and take breaks. Don’t wait until the snow is done falling to start shoveling. The snow is easier […]
Happy Monday! As many of you know, I am a big cupcake fan! I just love cupcakes! Fredericksburg City has a new attraction, Colonial Cupcakes. Located on Caroline Street near the Executive Building, Colonial Cupcakes offers a variety of cake and icing flavors. Of course you can find traditional flavors, but they also offer exotic […]
Yay! It’s Friday! And Furry Friday, to boot! Let’s see who’s up for adoption this week.
Meet Barney!
Barney is a Domestic Long-Hair Black and White kitten. He is about 6 months old. He loves to cuddle and is being cardboard scratcher trained while at the shelter. He is doing very well at this training. Barney is a social […]
So, we’ve gone over what properties qualify in the proposed guidelines, how the bank will qualify a seller to be in the program, and the rules and regulations the banks will have to follow if they choose to be in the program. Now, I’m gonna get down to the problems with this document and its […]
In Part 1, I addressed which properties qualify for the proposed program and how the bank handling the short sale will determine if the borrower (seller) is eligible. This post will deal with the process the banks will be required to go through once a contract is received on a property approved for a Short Sale.
Imposed Guidelines on […]
The Treasury Department released a 43-page document in November 2009 that outlines a proposal for streamlining Short Sales across the banking industry and is supposed to take effect April 5, 2010. This document is being touted as the next best thing since sliced bread and the answer to all of America’s Short Sale problems. Not […]
Fredericksburg City:
58 days on market – this is 24 days less than in December 2008
Sellers received, on average, 91.82% of their list price when the home sold
There is 8.83 months of inventory on the market
18 homes sold inDecember 2009 – this is 8 more than in December 2008
The most popular price range was $350,000-$399,999.
The median sold price was $279,923, compared to $306,134 in December 2008
Financing Terms: Conventional – […]
