Open house attenders could be ‘duds’ or ‘studs’

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Having a Realtor hold an open house may benefit your sale with the additional advertising and signs drawing attention to your listing. Be aware, however, the public may have unruly children, or bring food or beverage into your home, or simply be nosy. Most serious buyers will make an appointment if they truly are interested in purchasing your home. These …

A good reputation will equal success in business

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A positive, solid reputation is the foundation of every Realtor’s business. Realtors that build trust, develop relationships, and embrace strong ethics will experience growth and profitability. These are the agents that will build solid reputations. You want to do business with people who have a great reputation! Building personal trust can be learned. An effective Realtor will find – and …

With interest rates low, why not INVEST in rental property?

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Interest rates are at an all time low. Why not build a portfolio of real estate investments that can support your retirement when they are paid off? Let your tenants pay the mortgage! Invest: Income/Neighborhood/Value/Equity/Stretch/Tax I: Income You’ll receive income by collecting rent each month. Be sure you are purchasing a property where the rent you collect will be greater …

Busy Summer for Realtors

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The Lynchburg Association of Realtors regional housing market had a busy summer. Both sales activity and home prices surged in the third quarter. This led to the largest sold dollar volume gain the area has had in more than five years. Homes sold faster, on average, this quarter in the area. The inventory of active listings continues to shrink rapidly, …

Uncertainty shadows recovery

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The national economy improved in the third quarter of 2020, though there are some signs of uncertainty in the recovery. The U.S. economy gained jobs for five consecutive months and the national unemployment rate fell to 7.9% in September. Economic conditions in Virginia are somewhat better than they are nationally. The commonwealth added jobs consistently for four consecutive months, with …

Sales are outpacing new home construction starts

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The home building industry has made a quick and dramatic comeback in the wake of the COVID-induced economic downturn. Housing demand has increased so rapidly in recent months there now is an unprecedented gap between sales and home construction. Sales of new single-family homes in August increased 4.8% to an annual rate of 1.01 million units, their highest pace since …