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We are really outgrowing out current home, but…

In the current market, there are many homeowners out there who would like to have a larger/nicer home but are patiently waiting for the market to improve. A frequently heard objection is that they can’t sell their home for what they think it should be worth, so they are trying to wait for the market to improve a bit and sell then.

Buying up in a down market is actually advantageous because while you might get less for the home you’re selling, you’re also getting the larger home for less. For instance, if you had to sell a $200,000 home for a 10% discount, you might feel that you left $20,000 on the table. However, buying a $300,000 for the same 10% discount would put you $10,000 ahead on the sale and purchase.

The other obvious matter is that when the mortgage rates increase while you’re waiting for the market to improve, it dramatically increases your cost of housing with higher payments. The cost of housing is affected by price and mortgage rates. Take a look at the image below for an example.

Rising Interest Rates vs. Rising Home Prices

Rising Interest Rates vs. Rising Home Prices

To accurately evaluate your current options, you need facts and assessment tools that will provide you the information to make an informed decision. Please contact me if this is something you have been recently debating!


Posted on July 18, 2011 Leave a Comment

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Apr 16

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HAPPY BIRTHDAY @kozuch21 !!!! We hope that you hav HAPPY BIRTHDAY @kozuch21 !!!! We hope that you have the best day ever. Thank you so much for being an honorary member of the Story House family and for always bringing the party! πŸŽ‰
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Apr 15

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JUST LISTED | 3908 Stony Point Road, Keswick VA 22 JUST LISTED | 3908 Stony Point Road, Keswick VA 22947 is listed for just $500,000! Follow the winding gravel driveway to approach this gorgeous 4 bedroom 2.5 bath COLONIAL-style home with blooming FLOWER GARDENS and a newly-added INDOOR POOL with SKYLIGHTS and STONE ACCENT WALL, 1-CAR GARAGE, and MASTER BEDROOM with a WALK-IN CLOSET! Relax by the WOODSTOVE in the Living Room, grill out with friends on the SIDE DECK, and enjoy a hot tea on the breezy STONE PATIO. Allow chickens and pets to roam free in the spacious FENCED-IN BACKYARD with a large CHICKEN COOP and free-standing GAZEBOS, prepare meals in the EAT-IN KITCHEN with STAINLESS APPLIANCES, and sleep well in the upstairs MASTER SUITE with DUAL VANITIES, soaker tub, and shower! Located across the street from Stony Point Elementary and 15 min. from Charlottesville!
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Apr 14

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To raise or not to raise? What have you done in yo To raise or not to raise? What have you done in your backyard? 
Some benefits to a raised garden bed include control over soil quality, deep soil for roots, raised beds are more ergonomic, easier to exclude pests, less weeds, raised garden beds look nice and can be built with wood, brick, stone, metal and more! Some benefits to in ground gardening include they are essentially free to start in your own backyard with only some basic handy tools and allow for more flexibility for creative shapes and form fewer hard lines than raised beds. What do you prefer?! #nationalgardeningday 

Read and learn more at homesteadandchill.com!
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One of our biggest responses from our clients is o One of our biggest responses from our clients is our communication and clarity throughout the process. Josh continues to go above and beyond to help his clients navigate this market. Great work, Josh! 

If you or someone you know is ready to buy or sell, give Story House Real Estate a call at (434) 260-1435.
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Apr 11

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In honor of #NationalPetDay we had to share a pict In honor of #NationalPetDay we had to share a picture of Virgil's pup, Riley! What a cutie!!!!HAPPY NATIONAL PET DAY! 

What a perfect day to spoil your pets! We wish that all of the pets out there feel some extra love today! πŸ•πŸˆπŸΎβ€οΈWhat is your favorite way to spoil your pet?! Share πŸ‘‡
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2110 Ivy Road
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