The Liz Moore Market Watch Blog

See You at the Parade in Richmond, Virginia!

Posted by Lynnette Tully on Mon, Sep 26, 2016 @ 02:08 PM

The Home Building Association of Richmond has announced the 65th annual Parade of Homes, featuring 89 new homes built by 36 builders throughout the greater Richmond area.  The show will be held October 1 and 2, 8 and 9, 15 and 16, and 22 and 23, from 12 – 5 pm, and there is no charge for admission.rendering-1.jpg

Liz Moore & Associates is proud to represent Cottage Lane Homes in this year’s Parade, and is excited to introduce “Miss Anna’s Place” to the market.  Michael and Dineen Audet, owners of Cottage Lane Homes, selected Annemarie Hensley and her Team Hensley to exclusively market their Parade Home this year.  You’ll find beautiful Low Country Charleston Charm waiting for you at 2113 Carindale Drive in NewMarket at RounTrey.

Enjoy the comfortable covered southern rocking porch, a grand first floor master suite, a generous cook’s kitchen featuring a large center island, granite, stainless, butler’s pantry & many more featured options you can select! This plan features hardwood flooring throughout the first level. Second level features include 2 generous bedrooms sharing a tile & stone countertop Jack & Jill bath & an additional guest suite with its own full bath.

What is the inspiration behind Cottage Lane Homes?  Download the full Builders' Story below.

Cottage Lane Homes - Meet the Builder

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

 

 

Tags: New Homes, Home Page, Richmond

How to Shop for a Mortgage, Part 3: Comparing Rates & Programs

Posted by Lynnette Tully on Fri, Sep 23, 2016 @ 03:42 PM

money-1.jpgOne of the primary decisions involved in moving is deciding when is the best time to make a move. Because the market is dynamic, it is difficult to project exactly how much prices may go up (or down!).

Click Here to Download "How to Shop for a Mortgage"

Another important thing to consider is the impact that an increasing interest rate will have on your monthly payment, as it plays a more significant factor than does the sales price.

Use the factor chart to determine what the potential cost of a higher interest rate may actually be.

Example: a 30 year loan at 4% interest is $1,500 P & I per month, or a mortgage of $314,465. The same loan at 5% & the same payment reduces the mortgage to $279,329, or a little bit over $35,000 in buying power!
Desired monthly P & I _______ ÷ factor _______=
$ × 1,000 = $ ______________(loan amount)

The Cost of Money

Negotiating often involves a balance between emotion & logic. The heart wants what the heart wants, & buyers often worry about justifying a decision that they want to make. We have found it helpful to analyze counter offers (& even initial purchase offers) in terms of the cost of money… & breaking down costs into a daily amount.

Example: $5,000 counter offer at 4% for 30 years is less than 80¢ a day!
To calculate the monthly cost of money, multiply the amount borrowed (divided by 1,000) by the factor for the interest rate & loan duration.
$ needed _______ ÷ 1,000 = _______ × factor of _______ =
$ _______ month P & I ÷ 30 days = $ per day

Are you thinking about starting the home buying process?  Talking to a local lender is a great first step! Contact Ginny Phillips or Jim Baldasare, with Atlantic Bay Mortgage Group, at ginnyphillips@atlanticbay.com and  jimbaldasare@atlanticbay.com and they can help get you started.

Tags: Buyers

Three Units Sold in Village Park of Poquoson!

Posted by Liz Moore on Tue, Sep 20, 2016 @ 03:46 PM

We have recently sold three units, leaving only one unit left in the first building at Village Park of Poquoson! Construction will begin soon on the second building. The builder is also offering free fireplace, washer & dryer, and refrigerator on all units in the first two buildings.  Don't wait - call 757-873-2707 today for more details.

VP_logo-2.jpgThis community of 26 town home units masterfully crafted by Wayne Harbin Builders is located in the heart of Poquoson.  Offering a small town atmosphere with friendly neighbors who have a common interest in the well-being of the city and their families, Poquoson is near major employment sites including Langley Air Force Base, NASA, Fort Monroe, and The Newport News Shipyard.

Interested in Village Park of Poquoson?  Click below to download the price list.

Download the Village Park Price List

 

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

Tags: Poquoson, New Homes

Cottage Lane Homes - Meet the Builder

Posted by Lynnette Tully on Thu, Sep 15, 2016 @ 04:32 PM

Audlets.jpgMichael and Dineen Audet bring over three decades of construction experience to each new project in the 7 Cottage Lane portfolio of extraordinary custom homes.  Together they have worked with owners on projects ranging from historic renovations to custom home delivery – always with a detailed focus on quality and craftsmanship.

Cottage Lane Homes can build on your lot or land anywhere in the Richmond Metro area. They are proud to develop a custom plan that is exclusively yours – from conceptual drawings to site.

Cottage Lane Homes is proudly represented by Liz Moore and Associates and Team Hensley.

The Builders' Story - Cottage Lane Homes:

Michael and Dineen Audet created Cottage Lane Homes in 2007, founded on Michael’s three decades of experience in home construction. The couple, along with their two teenage sons and a golden retriever named Izzy, are long-time residents of Chesterfield County, where they are active in their community, their sons’ school, Manchester High School, and their church, Clover Hill Assembly of God.  

Those are the basics. But what makes this couple in construction tick?  What is the inspiration behind Cottage Lane Homes?  Download the full Builders' Story below.

Cottage Lane Homes - Meet the Builder

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

 

Tags: New Homes, Richmond

Peninsula Fine Arts Center Offers Free Admission

Posted by Lynnette Tully on Wed, Sep 14, 2016 @ 04:22 PM

If you've never been to The Peninsula Fine Arts Center, now's your chance! 

PFAC will have free admission through the closing of its current exhibition "Game On: Sports in Ancient and Modern Art," on Oct. 9. (photo source: dailypress.com)dp-pictures-game-on-show-at-pfac-20160707-004.jpg

PFAC, loced in Newport News, was established in 1962 by a passionate group of art supporters from the Hampton Roads area looking for opportunities to create and exhibit artwork.  It is accredited by the American Association of Art, one of only twenty non-collecting art centers with that recognition.

The center began as the Peninsula Arts Association (PAA), a chapter of the Virginia Museum of Fine Arts (VMFA), and was originally located in downtown Newport News at the former John W. Daniel School   Building – the first home of Christopher Newport College.  In 1983, the PAA became the Peninsula Fine Arts Center and was named an affiliate of the VMFA.

Accredited by the American Association of Museums and an affiliate of the Virginia Museum of Fine Arts, the Peninsula Fine Arts Center (PFAC) is the premier arts advocate in the Hampton Roads region, working to create a stronger community through art.

The Center’s mission includes providing a balanced and stimulating exhibition program, acting as an important resource for local artists, and fostering art education. To that end, PFAC hosts several major exhibitions a year, presents classes for students of all ages at its Studio Art School, offers online distance-learning programs, and hosts special events including curator talks, poetry readings and art-movie screenings.

The museum is open 10 a.m. to 5 p.m. Tuesday through Saturday and 1 to 5 p.m. Sunday. 

Interested in finding more things to do in and around the Historic Triangle? Subscribe here to our blog as we post ideas frequently.  You also can purchase a copy of Liz’s recently published book, 101 Reasons to Love Living in the Historic Triangle, in either paperback or e-book version by clicking the button below.

Purchase

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

Tags: Locals - 101 Reasons

Supply of Inventory on the Virginia Peninsula Creeps up Slightly

Posted by Lynnette Tully on Fri, Sep 09, 2016 @ 11:38 AM

peninsula-1.jpgThe supply of inventory on the Virginia Peninsula has crept up from 5.3 months to 5.5 months, which is not an unusual trend as the summer winds down. 

This benchmark reflects the number of months it would take to exhaust active listings at the current sales rate.  Generally speaking, a 6 month supply of inventory is considered a balanced market. 

What does this mean for you?  It's a great time to sell!

Statistics are from REIN Multiple Listing Service, and are based on January – July, 2016. Run date, August 31, 2016.

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

How Much is My Home Worth?

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

Tags: Sellers, Home Sale Statistics & Trends

The Oozlefinch Craft Brewery to Open This Weekend on Fort Monroe

Posted by Lynnette Tully on Fri, Sep 02, 2016 @ 03:31 PM

Oozlefinch.jpgFounder/owner Russel Tinsley first began dreaming in 2010 of one day opening his own brewery. After reading a book by Dogfish Head founder Sam Calagione and visiting the Rehoboth Beach brewpub, Russel realized his love for craft beer was more than a casual interest. He set out to learn everything possible about the brewing process, and he and his wife Rebekah started the journey of building a brewery that blended their vision of history, innovation, and community.

Fort Monroe, Virginia, a recently decommissioned military base rich in American history, soon became the ideal setting for the future brewery's home. Investors Tony and Allison Carter joined the ranks along with Brewmaster Austin Shawinsky and Cellarman Benjamin Baumann. After years of tireless dedication (as well as some, blood, sweat, and tears), The Oozlefinch Craft Brewery, at 81 Patch Road, will finally open its doors to the public on September 3, 2016.                                                                                                                                               (image source: https://www.instagram.com/oozlefinchbeers/)

What exactly is an "Oozlefinch"?  One night in 1905, Captain H.M. Merriam (while quite possibly under the influence of our favorite beverage) swore he saw a strange, large-eyed bird outside the Fort Monroe Officers' Club. His outlandish tale quickly spread throughout the community, and the bizarre creature later became the mascot of the club. Merriam's fellow officers dubbed the bird the "Oozlefinch" and placed a figurine of its likeness on a shelf behind the bar. The Oozlefinch rose to mythic status on Fort Monroe and regular sightings reportedly occurred. 

Visit The Oozlefinch Craft Brewery's Grand Opening Event on Saturday, September 3rd from 1-11pm...rain or shine!  STUFT, Smoke BBQ, and Sinful Treats food trucks will all three be present and ready to serve everyone.

Interested in finding more things to do in and around the Historic Triangle? Subscribe here to our blog as we post ideas frequently.  You also can purchase a copy of Liz’s recently published book, 101 Reasons to Love Living in the Historic Triangle, in either paperback or e-book version by clicking the button below.

Purchase

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

 

 

Tags: Locals - 101 Reasons

We Are Reinventing Real Estate in Richmond!

Posted by Liz Moore on Thu, Sep 01, 2016 @ 03:59 PM

Presentation1-1.jpg

Liz Moore and Associates is excited to announce that we are expanding our reach to the Richmond market opening an office in Midlothian, Virginia.  Liz Moore’s first Richmond area office is scheduled to open September 1st.

This new office will introduce the Richmond market to the Liz Moore & Associates brand, a real estate company focused on the client experience with client-centered services like pre-listing inspections and appraisals, exceptional customer service, and creative marketing strategies.  

The Midlothian based office will be led by Tonya Morrow as Richmond Managing Broker.  Tonya is recognized as an innovator in Richmond area real estate, bringing with her a successful track record in sales management.  Morrow, who recently completed the Richmond Association of REALTORS Leadership Academy, is highly respected by local agents for her creative ideas and results driven coaching.

Annemarie Hensley, currently ranked fourth in overall residential resale sales volume in the local market, will serve as the anchor agent for the new office, bringing her team of 5 to the new venture.

Liz Moore & Associates was founded in 2003 by President Liz Moore and her partner Brian D. Lytle, with a vision for an enlightened real estate agency where all the greatest agents want to work, and where business is solidly built on enthusiastic referrals and out-of-the box marketing techniques.  Liz built the company from the inside out, creating the systems and resources that would allow agents to “wow” clients by delivering exceptional customer service.  Liz is very excited to expand and serve the growing Richmond market. 

“I’ve always been interested in expanding into key markets in the Commonwealth, and when this opportunity presented itself, it was simply too good to pass up,” says Liz Moore.  “I was approached by two very accomplished women who were interested in introducing the Liz Moore brand to the Richmond market; they saw the need for a boutique brokerage with a laser focus on the client experience, and our plan is to fill that gap.” 

To learn more about Liz Moore & Associates, this new Richmond area office, and new team members Tonya Morrow and Annemarie Hensley, please visit www.lizmoore.com/rva or email RVA@lizmoore.com.

Tags: Locals - 101 Reasons, Home Page, Richmond, timeline

Supply of Inventory in Williamsburg Increases as Summer Winds Down

Posted by Lynnette Tully on Wed, Aug 31, 2016 @ 02:36 PM

Capture-9.jpgThe supply of inventory in Greater Williamsburg has creeped up from 5.5 months to 6.6 months, which is not an unusual trend as the summer winds down.  This benchmark reflects the number of months it would take to exhaust active listings at the current sales rate.  Generally speaking, a 6 month supply of inventory is considered a balanced market. 

Statistics are from the Williamsburg Multiple Listing Service, and are based on January – May, 2016. Run date, June 21, 2016.

If you’re a seller who has been wondering if it might finally be time to sell, email us at concierge@lizmoore.com, or click below, and we can prepare a complimentary analysis of market value for you – you just may be pleasantly surprised.

How Much is My Home Worth?

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

Subscribe!

 

Tags: Locals - 101 Reasons, Williamsburg

Are You Looking for a Home in Newport News?

Posted by Liz Moore on Tue, Aug 30, 2016 @ 04:17 PM

We are excited to bring you the latest issue of the Liz Moore Newport News Homes MagazineClick the image below to flip through the magazine featuring our newest Newport News homes for sale.

NewportNews DigitalMagazine resized 600

Check out the rest of our digital magazines - Hampton HomesWilliamsburg HomesWaterfront Property, and more!  You can subscribe to one or more of our magazines, and they will be delivered FREE to your inbox once a month, dynamically uploading the latest issues.

Check Out Our Digital Magazines

 

Are you interested in hot real estate topics, tips and trends?  
Click below to subscribe to our blog

 Subscribe!

Tags: Buyers, Newport News