Creativity and huge incentives have come with our current buyers market. Locally, Ryan Homes is offering huge incentives and Riverbend is offering an 8% credit.
In certain areas, particularly Lake Monticello, many homes are priced under tax assessment.
Even in Albemarle County I recently saw a 3,000 square foot home in a popular neighborhood at $2,000 above assessment, which shows either a motivated seller or possibly the home had issues, such as pets (which of course could be corrected).
I saw another home recently, in western Albemarle County, just listed at $37,400 below the assessed value!
Click the link below to read more in this article, "Anxious Home Builders Pile On the Incentives" from The Wall Street Journal Online:
http://www.realestatejournal.com/buysell/tactics/20070810-opdyke.html
Buying a home is the largest investment you'll make in your life, so make a wise decision, and have a realtor assist with the research and offer.
I'm available 24 hours/7 days for all your real estate needs.
Karen
www.move2va.com
Thursday, August 30, 2007
Builders & Sellers Are Offering Incentives!
Posted by Karen J. Kehoe at 12:03 PM
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