Richmond, Virginia always offers a variety of engaging events, and late January 2023, perfect for those looking to explore the cultural and entertainment offerings of the city. Here's a snapshot of four events that I'm adding to my calendar: BLUES PARTY! at Orbital Music Park (January 22, 2024): For music enthusiasts, the BLUES PARTY! hosted by Orbital Music Park is a must-attend. Taking place at Révéler Experiences, this event celebrates blues classics with live performances. It's an interactive experience where musicians of all levels are welcome to join, and audience participation is encouraged. The event runs from 7:30 PM to 10:30 PM, offering an evening of great music and community spirit​​. Vegan Food Week 2024 (January 23 to January 28, 2024): Foodies will love the Vegan Food Week, a week-long celebration of vegan cuisine in Richmond. This event sees local participating businesses showcasing their vegan specials. Highlights include free sweet treats from Ruby Scoops Ice Cream & Sweets for visitors who explore five or more locations, and a special Carrot Ginger Kombucha by Ninja Kombucha. It's a great opportunity to explore the city's vegan culinary scene​​. LINE DANCE TUESDAYS at River City Roll (January 23, 2024): Put on your dancing shoes for LINE DANCE TUESDAYS at River City Roll. Hosted by Carlos “The Line Dance Prince”, this event offers a fantastic Line Dance class from 6:30 PM to 9:30 PM. It's a fun way to stay active and meet new people, and you can also enjoy Happy Hour starting at 5pm before the class begins​​. Trivia Night at Bingo (January 23, 2024): For a night of fun and brain teasers, Trivia Night at Bingo is the place to be. Held every Tuesday and Thursday from 7 PM to 9 PM, this event is hosted by Trivia Ball of Fire Entertainment. It's a great way to test your knowledge, enjoy some friendly competition, and possibly win some prizes​​. These events are just a glimpse of what the Richmond area has to offer this January.  From music and food to dancing and trivia, there's something for everyone to enjoy in this vibrant city. If you're looking for more info on Richmond, or you're thinking of making a move, send me a message, or follow me on social!

Do you even need a realtor to set up a search for you if you're just starting your search process? There are so many search portals out there that often when people get started on their search, they start on the internet, they start looking at all of those portals. And we'll say to a realtor, I don't need you to set up a search, I already have access to all this other stuff. So if you're thinking about looking for a home, or you're starting to seriously look for a home, and your agent says, hey, I want to set you up with a search portal, there are a few reasons why you might want to do that. First of all, the timeliness with which that information gets syndicated out to all those other sites, sometimes it can take two days. And in two days, in this market, you may have missed the boat on that home that you could have fallen in love with. Secondly, it's a great little reminder for your agent. If I am looking for five different buyers and I have searches set up, it's going to send me a copy of that too. So I am also able to get that little tap on the shoulder from the multiple listing service, letting me know hey, there is a house that you know, Bob and Mary Smith might love. It's also a great way to communicate with your agent because you can put notes on there. So as we're sometimes learning what you like and what you don't like, if you're putting notes on there that say things like I love this location, but I hate this kitchen, then that helps me if I'm your agent learn a little bit better about what you like. So always don't get too specific in those things, but it really does shorten that learning curve a little bit and help make your home search a little bit more efficient. So if your agent says, "Let me set you up with a search portal", don't just wave it off. Yes, it's one more email. But hopefully it won't take very long before you'll be able to find the home that you love. It'll be easier, shorten that learning curve, and make sure that you're knowing exactly what comes on the market exactly when it comes on the market and not two days later. If you have any questions about the home buying process, the home searching process, I'd love to talk to you more, give me a call, send me an email or shoot me a message and let's chat.

Who pays for what when you're buying or selling a house: buyer edition. So if you're buying a house, sometimes when you get excited you think about the process, and you're really focused on looking at homes and that whole emotional aspect of it, you don't necessarily think about all of the little things that come along the way, and who pays for them. So when you're buying a home, the first thing once you have found the house that you love, and you're writing the offer, of the first things you're going to do is you're going to write a check to send a wire for the earnest money deposit. Now, that is basically a deposit that is going to be held in escrow. So it doesn't go directly to the seller in the state of Virginia, in the state of Virginia, that is all I can talk about because that is where I am licensed. So in the state of Virginia, it does not go directly to the seller, it gets held by the settlement agent that you're going to use to do your closing, or the real estate company that you are working with to buy your home, that generally needs to be about 1% of the entire purchase price of the home. So if your house is $500,000, you probably want to write about $5,000. As your earnest money deposit, it basically binds the contract again, it gets held in an escrow account until closing. So if you were originally going to have to bring $100,000 to closing, you will then only have to bring $95,000 Because that $5000 gets applied to whatever else you bring to closing for your downpayment, your closing costs. Another thing you're gonna have to pay for as the buyer is any inspections that you have. And we are now still in a crazy tight market, but we are seeing a good number of inspections. And they can range in price from $100 to $1,000, depending on the type of inspection. And what I always tell people is you can have as many inspections as you are willing to pay for. You have to weigh that out and discuss that with your agent, because you may know that you want to have a camera sewer inspection on one house, and on another house, it may not seem as important. So sometimes those numbers and those types of inspections depend on what you're buying, and where and all that good stuff. So remember, the seller is not paying for any inspections except the pest, Wood Destroying Insect, inspection. That is the one that they're paying for and it usually costs them $100 or less. Once you've covered that earnest money deposit and your inspections, your next cost is going to be your appraisal. And if you're going to have a survey. And your appraisal is generally going to be in the 600 to $1,000 range. And that survey, if you want to have one, a lot of lenders don't require them anymore, but they vary widely depending on the property, the type of property, where it is, how difficult it is to survey, and 100 other things. So I can't give you an estimate there. But those generally are going to be things that you're going to have to pay for out of pocket, because should the loan not go through, those people still want to be paid. So they're going to want the money upfront and not rolled into your closing costs that happen on closing day. After you get through those financial hurdles, you're not going to have to pay anything really until you get to the settlement table and then you're going to have all of your lender fees, your attorney fees, your title insurance, your points that you might have with your mortgage, there are a whole bunch of things and I have another video that kind of breaks down the closing costs, so go check that out if you want a little bit more detailed info on what your closing costs entail. But at settlement, you're going to get that earnest money deposit that you paid upfront applied to that number and then you're going to have all of your closing costs and the actual amount that you're paying for your down payment. And then you're done. But those little along-the-way fees sometimes get lost and all the excitement so just make sure that you've budgeted and that you've got the cash, even if you're putting a relatively low down payment, make sure you've got the cash to cover all those other things that you might want to do along the way or that you're going to be required to do. If you have any questions or you want a little bit more detailed information about what things might look like for you in your financial situation with the home that you want to purchase. Give me a call I'd love to chat and help you make your homeownership dreams come true.

Marry the house date, the rate, marry the house date, the rate. This is something that if you spend any time on social media, and you've even dipped your toe into thinking about real estate, you've probably heard or seen someone say. It's a phrase that I kind of hate because I think it minimizes the whole experience and doesn't really talk about all of the nuances, but let's unpack it a little bit and look at that phrase in terms of the current market, and why it might be worth digging into a little bit. So simple economic principles, say if inventory is low and demand is high prices are going to go up, we have been in a historically low inventory situation in housing in the entire country for a while now. And that will continue for a while longer. So while the high interest rates have sidelined, some of the I'd like to buy a house people, there are still lots of people who actually need to buy a house and it has not sidelined them. So there's still a good amount of demand, and not a lot of inventory on the market, which means prices will likely continue to rise, despite the fact that interest rates are high. So while they are expected to go down in the probably first/second quarter of 2024, they will first of all, maybe never go back to 3%. So if you're waiting for that, like as my father used to say, if you're waiting for that you're backing up. You're not going to get anywhere, because that's very unlikely to happen. But even if they go down, when they go down, those prices are not going to go down at the same time. Because obviously, interest rates go down, those prices are going to go up because all of those I'd like to buy a house people are going to come back into the market. So demand will go up, and inventory is not going to change radically. And those prices are going to continue to escalate. So if you're thinking about buying and you are particularly renting in the meantime, if you can afford it, if you're ready, buying now is probably going to be a better financial decision than paying rent until six months or a year down the road, when maybe rates are lower, but prices will almost definitely be higher. So if you're thinking about buying or you think, you know, hey, maybe I'll buy a house in the spring, I'm going to save up more money, or whatever your thought process is. If you're thinking of buying anytime in the next six months to a year, give me a call, and let's talk, break down the numbers, look at what the projections are for the area and the type of house that you're looking at, and the price range. All of those things go into figuring out these numbers, but I'd love to talk to you. I'd love to help you determine if now is the right time or if it's the good time to wait and help you make those calculations that fit your personal finances and life plan.

Rates have gone up. The market is crazy. Everything's a multiple offer situation. There are so many competitive bids out there. Is it even worth trying to buy a house? There are lots of reasons like that, that I hear people say every day and I'm here to tell you that especially if you're renting, you may not want to wait until the market crashes or wait until things cooled down. Yes, rates have ticked up just a little bit, but they are still historically low. Also, if you think about the fact that a $300,000 home with 5% down, your mortgage payment is going to be somewhere around just under $1,800. If you put 5% down, your rent may be $1600, $1700, $1,800 right now. Think about it this way. That year that you're waiting for that market to cool off, you will be spending $1,600 a month paying the equity in your landlord's mortgage. Wouldn't you rather be building the equity towards your own future, paying off your own home than paying somebody else's? Also, just like home prices are going up, rental prices are going up at the same time. So, don't wait so long that you get stuck in a cycle of having to continue to pay rent while the prices continue to go up just because you're waiting for some imaginary crash. Don't wait for it. It's probably not going to happen for a really long time. If you're thinking about buying a house or just dreaming about buying a house, give me a call. Send me a message. Ask me a question. I'm happy to talk to you and I'd love to walk through whether or not it is really a good time for you to buy.

You’re never just buying a house, you’re buying a home, and a lifestyle. That means when you’re writing out your list of must have home features and deal breakers, you need to think beyond the “house data” and figure out which features to focus on that will give you the lifestyle you want for yourself or your family. As a buyer, you might determine you’re looking for a 3 bedroom home with a finished basement on at least an acre, with an updated kitchen. What you really might be looking for, though, is a place to raise your growing family, a kitchen that overlooks the private backyard where you can watch your kids play catch while you make dinner, and extra space in the basement for games, toys and movie night! (That’s just an example but I think you get the idea.) So the lifestyle you are going to have in your new home is something you want to consider- probably the most important thing to consider- when determining which home features are best for your needs. LOCATION MATTERS FOR YOUR LIFESTYLE. You hear it all the time in the real estate world – location, location, location… and that’s because it’s true! Because while you can change paint colors, counter tops and put on that massive deck you’ve always dreamed of, you can’t move your house to a new spot (not without a lot of money anyways). Think of things like what your work commute will be like, how far you’re willing to drive each day, the features you want in your community, and the school district you want to be in if that is important to you. Do you want to be in walking distance to shops and restaurants? Do you want to be set further back from the road for privacy? Do you want the feel of a small community lifestyle or are you happier in a more bustling, larger neighborhood with lots of clubs and amenities? The location of your home will be something that isn’t going to change so figure out what is essential to you when it comes to that location and the lifestyle it will create! Now let’s talk about the home features that fit your lifestyle. When you think of home features it’s easy to jump right to that running list of criteria- the size of the garage, how many bedrooms, that “must have” updated kitchen and all of the “house data” I mentioned. Remember, though- you are ultimately buying a lifestyle, not just a house. I have some things for you to consider when you’re making that list of “must haves.” Write down these questions and really think about what your answers are: Where do you spend most of your time at home? If you love to cook and spend most of your time in the kitchen, you definitely want to prioritize the layout of the kitchen when looking for a home. You can always add in upgraded quartz countertops or that double oven but the size, layout and location of the kitchen should be a top concern if you don’t want to do any major renovations. What is something you wish you had in your current home? What is something you don’t want any longer in your current home? Is your yard too much to maintain and you yearn for something smaller with less maintenance? Maybe it’s the opposite and your current yard is just too small. Is a bigger yard, that you can fill with kids (or dogs, or both!), great cookouts, and maybe a garden, on your list? Which room in your house do you spend the most time in? How much space do you need to live comfortably and be able to enjoy the things you love the most? Are you hoping to have enough bathrooms to avoid chaotic mornings? These questions will help you determine which features could be the most important to focus on when the time comes to look for a new home. Maybe features like hardwood floors aren’t as necessary as having a layout that is perfect for entertaining and hosting holiday parties. You can always swap out flooring later but the layout is definitely more difficult (and more expensive!) to change. Think about how much time you want to put into your house. Do home flipping shows on HGTV resemble your homeownership goals? Many buyers are intent on finding a house they can remodel exactly they want they want. That’s great! However, lots of folks don’t realize how much work, time and money it can take. HGTV can make remodeling and flipping houses look a lot easier than it is in reality. Consider how much time you have to spend on home projects before getting yourself into something that is over your head and potentially over your budget which leads us to… Your lifestyle budget. Lastly, make sure to budget for your lifestyle, not just your house. It’s important to consider how much you can afford comfortably, not just what you can afford on paper. Many buyers are pre-approved for a significantly higher amount than what they are actually comfortable spending on a monthly basis. Think about other expenses you have when it comes to your lifestyle – what else is important to you? Do you love to travel or go out to nice dinners on a regular basis? Do you love attending as many games of your favorite football team as possible? What hobbies do you have that cost money every month? Make sure the amount you spend on your house doesn’t eat up all of your extra funds so you’re chained to the house and can’t have any fun doing the things you love! There you go- some of the top lifestyle considerations for buying a home. Location, home features that fit your lifestyle, how much work you’re willing to do and don’t forget to budget for your lifestyle! If you’re considering buying a new home in the near future and you want to chat more about the type of lifestyle you’re looking for, comment below or send me a direct message so we can set up a time to grab coffee!