The Liz Moore Market Watch Blog

Brandon Wilson, Director of Media at Liz Moore & Associates, Wins Silver at The Telly Awards

Posted by Lynnette Tully on Fri, Jun 24, 2022 @ 03:01 PM

Brandon AwardBrandon Wilson, Director of Media at Liz Moore & Associates, took home a silver award at the 2021 Telly Awards in The Best of Branded Content category for a video he produced highlighting the company’s culture and values.

“We are beyond thrilled to receive this award. The marketing team at Liz Moore & Associates does such a great job of supporting our Realtors®. Brandon consistently creates impactful videos and we are so happy to earn our first Telly,” said Bob Halloran, Director of Marketing at Liz Moore & Associates.

The Telly Awards annually showcases the best work created within television and across video, for all screens. Receiving over 12,000 entries from all 50 states and 5 continents, Telly Award winners represent work from some of the most respected advertising agencies, television stations, production companies and publishers from around the world.

To see Wilson’s work, visit lizmoore.com/TV.

Tags: lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Up to $10,000 in Grant Money Available to Assist Home Buyers in Virginia

Posted by Lynnette Tully on Thu, May 12, 2022 @ 02:03 PM

AmerisBy: Courtney Efird, Ameris Bank, NMLS#: 659400

Are you looking to start the home buying process?

Ameris Bank is proud to partner with many state and county government agencies to provide down payment assistance in the form of forgivable or repayable grants or forgivable or repayable second mortgages.

A forgivable grant or second mortgage means that the down payment assistance funds are forgiven over a predetermined length of time you own the home. One agency in particular we work with closely is the Federal Home Loan Bank of Atlanta. Their grant funds are released in the 1st quarter of the year and a specific amount is allotted to each participating bank.  The money can be used until it runs out, so in this real estate market it is better to act fast!

Below are two of their offerings that can be used toward down payment or closing costs to purchase a new home.

FHLB Grants and Assistance - $7500
This program offers funds for the purchase of an existing unit by a first time homebuyer (not having owned a home or lived in the home they own in the last 3 years).  

Program Highlights:  

  • Must be primary residence with forgivable loan options after 5 years 
  • Homebuyer counseling required 
  • Grant funds can be used for down payment and closing costs 
  • Household income limits may apply 

FHLB Community Partners - $10,000
We offer a unique financial opportunity for current or retired law enforcement officers, educators, health care workers, firefighters and other first responders
as well as employees of these accredited institutions.

Program Highlights: 

  • Maximum assistance is $10,000, homebuyer must contribute at least $1,000 
  • Eligible homebuyers include veterans and active-duty military, or their surviving spouse, essential workers, law enforcement officers, educators, healthcare workers, firefighters or any other first responders 
  • Eligible for primary residence purchases 
  • Income limits apply 
  • Homebuyer education course required 

This is an amazing opportunity to help you get in to the house or your dreams, but funds are limited so don't delay.  Click here to find out if you qualify.

Tags: lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Update Now Pay Later Program: Client Testimonial

Posted by Lynnette Tully on Thu, Mar 24, 2022 @ 07:23 AM

The Liz Moore & Associates Update Now Pay Later Program helps sellers get their homes market ready with minimal investment, knowing the right enhancements that will result in more money in their pocket.

As part of the program, Liz Moore & Associates will advance the homeowner the money and arrange contractors to maximize the bottom line. If the home is then listed with Liz Moore & Associates, the seller doesn't pay until closing!  Getting started is easy.  Simply set an appointment for a free, no-obligation, market-ready assessment of your home.

Hear from a client who put this program to work for them:

 

 

Tags: Sellers, lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Liz Moore & Associates Provides Maximum Exposure for Listings Using Digital Marketing

Posted by Lynnette Tully on Thu, Feb 03, 2022 @ 02:24 PM

At Liz Moore & Associates, we understand that getting you top dollar for your home means creating maximum exposure with an aggressive digital marketing strategy.


For years we have partnered on the company level with national digital marketing company, Adwerx, to ensure our listings are being seen all over the web. If you are thinking about selling your home, find out how our partnership with Adwerx can benefit you!

 

Tags: Sellers, lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Liz’s Predictions for the Richmond Real Estate Market in 2022

Posted by Lynnette Tully on Fri, Jan 28, 2022 @ 02:19 PM

Crystal Ball GraphicBy: Liz Moore

There May Never Be a Better Time to Sell Your Home.
The primary factors that are influencing both national and local real estate markets right now – low supply
and high demand – have converged to create an incredibly favorable market for sellers. This is particularly
true in our local market, where additional demand has been fueled by the pandemic; buyers who now work
remotely and can accordingly choose where they live and no longer be restricted by a commute, are finding
Richmond a highly desirable place to live.

Sellers in 2021 enjoyed peak pricing, with the median sold price up 12.3% over last year in the Greater
Richmond region. That was enhanced by multiple offers in many instances. My crystal ball says that the
favorable trend for sellers will continue well into 2022. The only 2 things likely to slow the train down
are an increase in interest rates, which will take some buyers out of the market, and an influx of listing
inventory, creating more competition. I do believe that both of those things will happen in 2022, but most
likely not until the 2nd or 3rd quarter.

So, What Does This Mean for Buyers?

Buyers have had a tough go of it for the past 2 years. When there are 5 offers on a new listing, only 1 buyer
is successful in their bid, leaving 4 disappointed and still looking. However, historically low interest rates
are a compelling reason to stay in the game, and also inspire a buyer to pay over asking to win the bid on
the property they really want.

Closed sales in the Richmond area were up 7.3% in 2021 over the prior year (and 23.6% at Liz Moore &
Associates in Richmond), so that’s good news. We believe the key for buyers to win in the current market
climate is to hire a great agent. And, while that may sound self-serving, it’s true. Experienced agents who
understand the market, have solid relationships with the other agents, and who are savvy negotiators will
make the difference for a buyer to be successful.

I predict that sales will drop slightly in 2022. So says Lawrence Yun, the Chief Economist for the National
Association of REALTORS, and I agree. Although there is plenty of demand out there, inventory is simply
so low (hovering around half a month’s supply as of this writing) that it will keep a lid on the number
of sales.

Real Estate is a Great Hedge Against Inflation.

If you invest $30,000 in the stock market, and your annual return is 7%, then you’ve earned $2,100 (which
is a lot better than you’ll do in a regular savings account in the bank!). Invest that same $30,000 as a down
payment on a $300,000 home, and if it appreciates 7% in a year, then you’ve earned $21,000 – 10 times
more! That’s the benefit that the leverage of real estate affords.

This is a great time to explore investing in real estate; your portfolio can guarantee your retirement, or it
can get your kids started on building lifetime wealth.

Don’t let the intense market intimidate you. If you want to take advantage of the sellers’ market and the
low interest rates to move up to a dream house for instance, don’t let the challenge of buying stop you.
Your Liz Moore agent can help you formulate a strategy, and combined with a little patience, we can make
it happen.

In 2008, we all wished we had sold our homes back in 2005. Where will you be in 2025?

Tags: lizlocal-richmond-realestate

Liz Moore & Associates Reorganizes Real Estate Process to Reduce Stress with No Surprises Program

Posted by Lynnette Tully on Tue, Jan 18, 2022 @ 10:39 AM

no surpirsesThe creation of Liz Moore and Associates has been a journey. We began by surveying thousands of local families who had recently bought or sold real estate. We found too many had one unfortunate experience in common: frustrating and expensive last minute surprises. We heard story after story about unforeseen expenses, delays, and the stress of having to make major decisions under pressure.

After hearing stories like these, we took a step back and evaluated the real estate transaction from beginning to end. We discovered we can take many of the surprises, and much of the stress, out of the moving equation for sellers and for buyers. At Liz Moore & Associates, we’ve pioneered a solution that reorganizes the process, saving both money and time for our clients.

For Sellers

On our listings, we order for you, at our expense, an up-front market evaluation by an licensed appraiser and a home inspection by an independent home inspector...all before your home is officially placed on the market.

Our objective is to uncover any major repair issues before your home goes on the market, giving you an opportunity to either make repairs up front, or to disclose the conditions to prospective buyers.

By hiring a certified appraiser before the marketing period begins, we are aware of any potential valuation and condition issues prior to deciding on what other terms of the sale you will agree to.

All of this is done in advance, allowing everyone involved ample time to complete the real estate transaction without the pressure of last minute expenses and reactive decisions. Repairs can be completed properly, with sufficient time to select the best contractor for the job.

For Buyers

Our goal is to provide prospective home buyers with a higher level of comfort when purchasing a Liz Moore & Associates' listing, knowing an appraisal is in place and a preliminary home inspection has been completed.

We are by no means requiring, or even suggesting, the buyer use our appraisal or inspection in place of their own. Our objective is to identify any major issues that could delay closing or result in unforeseen expenses.

We anticipate in some cases, the buyer may opt to waive a home inspection and/or appraisal, rather than spend the $500-600 on their own reports. This may be to save time or money. If new financing is involved, it will be up to the buyer's lender to engage an appraiser to perform a new appraisal.

Find out how we can help you!

Tags: Buyers, Sellers, buyer, seller, lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Virtual Realty Home Tours: A Picture is Worth a Thousand Words

Posted by Lynnette Tully on Fri, Jan 07, 2022 @ 10:36 AM

At Liz Moore & Associates, we understand how to leverage technology to deliver an extraordinary real estate experience to our clients. We've made a significant investment in groundbreaking Matterport technology, so that prospective homebuyers can have an immersive online experience, giving them a true sense of the feeling of our listings before they ever visit in person.

What are the benefits to buyers?

Navigate a property like a video game with Inside View and see how each room fits together using Dollhouse View. Understand layout in a glance with the top down Floorplan View.

What are the benefits to sellers?

Being able to offer a compelling online experience to buyers who are outside the market enables us to create immediate, lasting emotional connections to our listings because they can experience it as though they were really there. The 3D images are easy to share, so anyone with a computer or mobile device can have the open house experience from anywhere.

How does it work?

Each circle represents a different viewpoint, so simply navigate the circles to capture different views and angles. Use your finger or control shift with your mouse, depending on the device, and you can see every corner of every room. You can toggle between floors by using the controls in the lower right corner, and switch to see a dollhouse version of the floor plan by clicking on the icon in the lower left corner.

Click to view our virtual realty tours, or get more information on how VR can help sell your home.

 

Tags: Buyers, Sellers, lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Download Our Free Home Buying Guide

Posted by Lynnette Tully on Thu, Jan 06, 2022 @ 10:34 AM

perfect fit-1Is a move on your mind for 2022? Get started by downloading our free home buying guide.

Our guide will prepare you for:

  • choosing the right lender
  • house hunting
  • offers and negotiations
  • inspections
  • and more!

Our job at Liz Moore & Associates is to represent you well and educate you every step of the way.  Whether you're ready to jump in to the buying process today or you are just gathering information, we'd love to help!

Click to download our home buying guide, The Perfect Fit.

 

 

Tags: Buyers, buyer, lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate

Habitat for Humanity Builds 3D-Printed House in Williamsburg, Virginia

Posted by Lynnette Tully on Wed, Dec 29, 2021 @ 10:12 AM

habitat-3D-house-pics-12202021-23-2048x1446A 1,200 square-foot, three-bedroom house in Williamsburg became the first completed Habitat 3D printed house in the nation.

With lumber prices soaring due to the COVID-19 pandemic, Habitat for Humanity Peninsula and Greater Williamsburg partnered with Alquist for this innovative project that will help reduce the cost to build homes by 15% per square foot as compared to conventional methods.  The printing technology meant it took just 12 hours to build a 1,200-square-foot home. The house even comes with a computer file to print replacement knobs and light-switch covers. 

Concrete confers additional long-term savings because it better retains temperature, saving on heating and cooling costs, and is resistant to tornado and hurricane damage.

Construction of each home built by Habitat for Humanity Peninsula and Greater Williamsburg is a cooperative effort between volunteers, house sponsors, and the buyers of the home. Participating families provide at least 300 hours of work toward building their own and other families’ homes, called sweat equity.

Image Source: https://www.habitatpgw.org/

 

Tags: lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-peninsula-realestate, lizlocal-williamsburg-community

Liz Moore & Associates Appoints Current REALTOR Jake Evans as New Director of Operations

Posted by Lynnette Tully on Tue, Dec 21, 2021 @ 10:25 AM

Evans-1441Liz Moore & Associates is excited to announce Jake Evans as Director of Operations, a new position created due to recent company growth.

“We’ve experienced a lot of growth in a relatively short amount of time,” Moore said, “something I don’t think any of us really anticipated. It became apparent that a Director of Operations was just what we needed to take us to the next level, and free up some of my time allowing me to focus on what I love to do, spending more one on one time with agents.”

Jake has been a REALTOR since 2017 and has been with Liz Moore & Associates since April 2020 in both a sales and leadership capacity. A 2012 graduate of Christopher Newport University, Jake served as a Business Development and Operations Manager for a local property management firm, as well as a Tax Manager for several different accounting firms. His combination of experiences, along with quick success in real estate, gives him a unique set of qualifications and skills to oversee the daily operations of the company as it continues to grow.

“I am so excited for this opportunity and to hit the ground running.”, Evans said. “I knew when I joined Liz Moore & Associates that they had next level resources for agents and that I wanted to be a part of it. Now, being able to further enhance those opportunities for agents is truly an honor.”

Jake will report directly to President, Liz Moore, and will serve all offices and divisions. In addition to helping with recruiting and training, he will work with staff across the branches to implement best practices, work with the Technology Engagement Manager on enhancements and engagement as it relates to the proprietary back office system, and a host of other things such as overseeing compliance, building management and delivery of high-level agent support.  

Jake’s first official day as Director of Operations was December 1, 2021.

Tags: lizlocal-NorthernNeck-realestate, lizlocal-richmond-realestate, lizlocal-williamsburg-realestate, lizlocal-peninsula-realestate