Archive for November 2024
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More Than Half Of New Home Buyers Are Buying Attached Homes |
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 Most buyers of new homes in Harrisonburg and Rockingham County are buying attached homes... though just barely. 52% of new home buyers (191) bought attached homes over the past year 48% of new home buyers (178) bought detached homes over the past year Two reasons come to mind as to why we are seeing just as many (or slightly more) buyers buying new attached homes as detached homes... [1] It's what the builders are building. [2] The price point of attached homes is more affordable. Here's how the median sales price of detached and attached homes compare over the past 12 months... Detached Homes = Median Sales Price of $406,250 ($210/SF) Attached Homes = Median Sales Price of $328,955 ($198/SF) Moving forward, I think both of these dynamics (what is being built, price of each) will cause plenty of future buyers of new homes to be buying townhouses. Who knows... within a few years we might be seeing 60% to 70% of new home buyers buying attached homes instead of detached homes. (Attached Homes = townhouses, duplexes, condos) | |
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Is It Reasonable For A Home Buyer To Ask A Seller To Fix Every Item Mentioned In A Home Inspection Report On A Resale Home? |
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 From a local home inspector... "The purpose of a home inspection is to provide the consumer with comprehensive information to help them make a confident and informed decision when buying a home. As we complete your home inspection we have two main goals. Our first goal is to inform you about the status of the structure and systems of the home. The second goal is to explain the unique future maintenance needs of the home." You will learn more about the home you are purchasing through the home inspection process -- and you will learn about deficiencies that might exist in the home -- and you will learn about upgrades you might make in the home. So, is it reasonable for a buyer of a resale home to ask a seller to fix or address every item mentioned in a home inspection report? Usually, no, that is not reasonable. In addition to deficiencies found in a home, a home inspector is likely also going to be referencing... 1. Upgrades you might make to the home later. 2. Ways to make your home more energy efficient. 3. Parts of the home that were to code at the time it was built but that would be done differently now. So, if you're buying a home, don't plan to ask a seller to address every little thing in an inspection report. Focus, instead, on the most significant deficiencies in the home that would be the most costly or cumbersome for you to address after settlement. | |
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
Licensed in the
Commonwealth of Virginia
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