Significant Properties in Richmond Virginia

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Doing Your Homework

Custom statistic packages are an integral part of the decision making process.

As a mother of 3, I know about homework.

Homework is boring, tedious and laborious. It takes precious time and there always seems to put everyone involved in a bad mood. It is also one of the most important lessons in life and has absolute applicability in the home buying process … albeit in ways that most homebuyers don’t fully grasp.

Legwork versus ‘Couchwork’

Many buyers feel that the internet is a legitimate substitute to legwork. It is not.  Homebuying homework is not about looking on Zillow or Trulia and reading random posts on Yahoo.  It is also not about watching HGTV and reading blog posts about the latest colors.  Homebuying Homework is about getting out into the field, eliminating the areas and home styles that do not work by seeing, feeling and touching them and learning the difference in values that each neighborhood commands.

Plan to Learn

It is about having a plan to learn.

It is also about understanding the forces at work on both sides of the equation…buying AND selling.  Paying attention to the inventory levels, absorption rates and days-on-market trends is paramount. In today’s environment, markets are hyper-local and while the Fan may be undersupplied, other areas may still be in a much different state.  Understanding these differences impacts pricing strategies, negotiating tactics and timing expectations.  Assuming that aggregate conditions apply universally is a very dangerous assumption.  It is easier to to make that assumption but it is rarely correct.

So, doing homework effectively is the key.  Having a teacher that can help guide you to the important facts helps create the best result.

About the Writer // Sarah Jarvis is Principal Broker/Partner of One South Realty and 20 year industry veteran.  Her work as head loan officer with the $100M Private Equity fund of Silver Construction Capital during the early 2000’s proves invaluable to her clients. 

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Filed Under: Real Estate Agents

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One South Realty Group, LLC

[ a ] 2314 W Main Street RVa 23220
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Copyright 2013-16 // Site By One South Realty Group

The Photos You See…

...are intended to be representative of architectural styles available in the neighborhoods and are not intended to suggest that these homes are for sale. A list of homes available in the neighborhoods or along the streets highlighted can be found by clicking on the images.

Our Network of Sites: RichmondVaNewHomes.net, RichmondVaMLS.net,
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All of the information displayed here is deemed to be gathered from reliable sources but no warranties, either express of implied, are made part of this site. Additionally, the IDX Feed for listing information may contain descriptions of properties not represented by One South Realty, its agents or staff and any violations or misrepresentations are the sole responsibility of the listing brokerage of the subject property in violation.


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