Roy Wheeler Real Estate Company invited Blake Hegeman, VAR’s Deputy General Counsel and Christine Hodges, VAR’s Chief of Marketing and Communications. Blake Hegeman presented the Common Legal Hotline Questions & Answers and Christine Hodges gave a VAR services overview.

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About Roy Wheeler Real Estate Company
Today, our Charlottesville Real Estate Agents work from historic Ednam Hall and we have five other other offices around the Central Virginia area. The over 100 experienced and professional Realtors carry on the tradition of Roy Wheeler and his commitment to excellence. A long-standing network of friends and clientele as well as state, national, and international brokers enable us to offer Central Virginia’s broadest selection of homes, farms, country estates, properties and Charlottesville Real Estate.

Ednam House is a historic home located near Ednam, Albemarle County, Virginia. It was designed by Richmond architect D. Wiley Anderson in Colonial Revival style. It was built about 1905, and is a two-story, wood-frame structure is sheathed in weatherboards and set on a low, brick foundation. The main block is covered by a steep deck-on-hip roof, with tall, brick, pilastered chimneys with corbeled caps projecting from the roof on each elevation. Attached to the main block are a series of rear ells covered by low-hipped roofs. The front facade features an original colossal two-story portico consisting of four unfluted Ionic order columns. It was listed on the National Register of Historic Places in 1982.

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The season of giving

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The Angel Tree is a special charity organized by the Salvation Army to collect Christmas gifts and clothing for children and seniors. Across Virginia, there are nearly 6,000 families who will enjoy a warmer holiday through this program, and there are many thousands more across the nation. The Virginia Association of REALTORS® supports the Angel Tree, encouraging each staff member to support an ‘angel’ and donate to the cause. Team members find joy and take pride in the effort.

As we spend time at the holidays with loved ones, we are especially reminded that our outreach matters to the community. In visiting many of you over the last few months, I have been struck by your natural generosity and care for the communities where you work and live. Let’s celebrate that character! Tell me about your association’s work to benefit the good of less fortunate neighbors, and share your ideas to support others through this season of giving. Jenny@VARealtor.com

UPDATE:

On December 5th, VAR staff gathered around the Angel Tree to celebrate the spirit of generosity. There were toys and bikes in abundance for delivery to the Salvation Army. Over twenty families will benefit from the staff charity – it’s the season of giving!

VAR staff crowd celebrate the season of giving with packages ready for Angel Tree delivery.

VAR staff crowd celebrate the season of giving with packages ready for Angel Tree delivery.

VAR Office Manager Dawn Freeman manages the delivery of gifts to the Salvation Army.

VAR Office Manager Dawn Freeman manages the delivery of gifts to the Salvation Army.

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Cover Oct2014

Sales volume increased in October, primarily due to increased number of sales. Median price decreased from September to October and days on the market increased, indicating that the seasonal decrease in demand is still in full effect. Although sales decrease in October more often than not, an increase from September to October is not unusual. Buyers may have been encouraged by low mortgage interest rates, but the constant unemployment rate is undoubtedly reinforcing caution among both buyers and sellers. Based on historic trends, we can expect prices to remain fairly constant through the end of the 2014 and sales to decrease substantially through January.

Click here to download the complete report.

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What Is A VA Streamline Refinance/VA Loan?

VA loans are a special loan program designed specifically for veterans, issued by approved lenders and guaranteed by the federal government.

The VA Streamline Refinance is the most common loan type within the VA loan umbrella, and is officially known as an Interest Rate Reduction Refinance Loan (IRRRL) by the government.

The program is also known as a VA-to-VA Loan.

The VA loan’s definitive characteristic is that veterans with qualifying credit and income can purchase a home with no money down, which makes buying a home extremely attractive for those who have served in the military. In addition, VA loans also offer feature flexible requirements, no private mortgage insurance (PMI), and extremely competitive mortgage rates.

In order to qualify for a VA Loan, a veteran must have served 181 days during peacetime, 90 days during war time, or 6 years in the Reserves or National Guard. You may also qualify as the spouse of a service member who was killed in the line of duty.

Generally speaking, almost all active duty and/or honorably discharged service members are eligible for a VA purchase or streamline refinance loan. Click for today’s live VA streamline refinance rates.

Click here to read the complete story: http://themortgagereports.com/10592/va-streamline-refinance
Source: The Mortgage Reports, Dan Green, 10/22/2014

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Deborah A Baisden President of the Virginia Association of REALTORS® lent a helping hand with the Williamsburg Area Association of REALTORS® annual business meeting and installation ceremony on November 18th. Deborah A Baisden began serving as VAR’s President this November, following the national convention.  DSC_2625 copy

Photo:
Charlotte Jones, 2015 WMLS President
Deborah A Baisden, 2015 VAR President
Andrew Nelson, 2014 WAAR President
Sherry Roth-Kletzly, 2015 WAAR President
Linda R. Kinsman, Chief Executive

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Only a handful of organizations get quality time with their representatives. As the largest trade association in the state, we get unparalleled access to our elected officials. That means you. YOU have a chance to influence Virginia housing policy, in person. Join your colleagues from all over the commonwealth for REALTOR® Day on the Hill — part of Get Active 2015, VAR’s annual legislative and education conference.

And while you’re there…

  • Take a few of our top-notch CE courses
  • Learn, understand, and discuss the issues the General Assembly is working on that can affect your business
  • Network with other REALTORS® from across the state

Save the dates
February 10-12, 2015
VAR’s Legislative and Education Conference
Omni Richmond Hotel
100 S 12th Street, Richmond, VA 23219

Click here to add these dates to your calendar: http://www.pratie.com/lab/icalendar/output/event-14111712374.ics

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Pages from 2014-profile-of-home-buyers-and-sellers-highlights

For most home buyers, the purchase of real estate is one of the largest financial transactions they will make. Buyers purchase a home not only for the desire to own a home of their own, but also because of changes in jobs, family situations, and the need for a smaller or larger living area. This annual survey conducted by the NATIONAL ASSOCIATION OF REALTORS® of recent home buyers and sellers provides insight into detailed information about their experiences with this important transaction. Here are highlights from the latest report.

  • Thirty-three percent of recent home buyers were first time buyers, which is still suppressed from the historical norm of 40 percent among primary residence buyers.
  • For 43 percent of home buyers, the first step in the home-buying process was looking online for properties and 12 percent of home buyers first looked online for information about the home buying process.
  • Ninety-two percent of buyers use the internet in some way in their home search process and 50 percent of buyers use a mobile website or application in their home search.
  • Real estate agents were viewed as a useful information source by 98 percent of buyers who used an agent while searching for a home.
  • The typical home buyer searched for 10 weeks and viewed 10 homes—this is two weeks shorter than the previous year’s report.
  • Seventy percent of home sellers only contacted one agent before selecting the one to assist with their home sale.
  • The share of home sellers who sold their home without the assistance of a real estate agent was nine percent. Forty-four percent knew the buyer prior to home purchase.

    Click here to download NAR’s 2014 Profile of Home Buyers and Sellers.

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Living Richly in a Tiny Home

The tiny houses and apartments featured on design blogs and in magazines look cute—but could you be happy in one?

In 1950, the average American home measured 983 square feet, for an average family size of 3.37 people. As family sizes drop and house size balloons, the average American now enjoys more than three times as much square footage.

But a number of people are voluntarily relinquishing the American Square Footage Dream and moving into houses that look scarcely bigger than privies. At the same time, American cities such as New York and San Francisco are considering lowering minimum legal apartment sizes to allow for super-efficient efficiency units to cater to the trend of single-person households and economic needs.

Click here to read the complete story: http://www.bestthinking.com/trendingtopics/lifestyle/real_estate/affordable_housing/living-richly-in-a-tiny-home.


Carrie Kirby, Best Thinking Lifestyle

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In last week’s blog post, we shared REALTOR experiences and tips for selling a home during the holiday season from our recent holiday survey. This week, we are revealing recommendations from real estate professionals when it comes to holiday decorations, as well as holiday home staging.

When selling a home during the holidays, sellers have to consider what to do with their holiday decorations during an open house. Survey data reveals, the majority of realtors (37 percent) advise sellers to put out some non-religious holiday decorations during an open house to make a home feel inviting.

Click here for the complete story: http://www.realtor.com/advice/home-staging-tips-for-selling-during-the-holidays/

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When Steve Clark made the transition from musician to new real estate agent, he shaved off his beard and traded his jeans for a coat and tie. The shift wasn’t a fit. When he decided to go back to being true to who he really was, he attracted clients who were like him: artists and musicians. They would never have been comfortable with the suit-and-tie guy, but were perfectly at home with his jeans and beard.

Click here to read the story: http://www.inman.com/2014/11/03/not-every-successful-agent-is-a-suit-and-tie-guy/.

Inman (November 3, 2014)

 

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