Keith Davis | April 15, 2009
I remember sitting in one of my development classes and wondering what my professor was talking about with land holding costs and development projects. The scenario was this: A family owned development firm buys a 50 acre tract for $500,000 and holds it for 25 years, at which time the next generation of leadership in [...]
Category: Pricing, Real Estate, Selling |
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Tags: Buyers, Consumer Confidence, Pricing, Selling, Values
Keith Davis | March 30, 2009
I had a professor in B-School who at the end of a class session would, as students began coming to the conclusion that he wanted all along, remark, “I love it when a good plan comes together.” … I argued that sellers should fight with the County / City to raise their assessed value when they go to sell their house as this will provide a higher baseline.
Well, I have a reader who did just this.
Category: Charlottesville, Pricing, Real Estate, Selling |
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Tags: Accuracy, Albemarle, Assessments, Charlottesville, City, Data, Pricing, Selling, Value
Keith Davis | March 1, 2009
Originally Posted February 17, 2009
To understand how Dual Agency has come about, one needs to think just over a decade back two decades to the days where every real estate agent worked for the seller. There were numerous reports done that showed that most buyers thought their agents worked for them, but they were wrong. [...]
Category: Buying, Innovation, Negotiating, Nest, Real Estate, Selling |
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Tags: Agency, Charlottesville, Commissions, Listing, Nest, Representation, Selling
Keith Davis | February 27, 2009
Originally Posted September 17, 2008
This week I have been out and about in Greene and Northern Albemarle showing some 20+ properties to a buyer from out of town. Relocating clients are always a challenge because they are trying to acclimate themselves to the area, as well as figure out the homes, and figure out pricing, [...]
Category: Real Estate, Selling |
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Tags: Selling, Showings, Staging
admin | February 26, 2009
Originally Published April 28, 2008
Much has been written about the evaporation of the American Family’s assets with the downturn of the real estate market across the country. But I heard an NPR story about a NY Times reporter who thought that with very few exceptions, a downturn in the real estate market is actually a [...]
Category: Buying, Financial Analysis, Mortgages, Pricing, Real Estate, Selling |
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Tags: Equity, Selling, Stepping Up, Stocks, Time Value of Money, Total Appreciation