Blog

Displaying blog entries 111-120 of 176

Why Live in Charlottesville Virginia?

by Kevin Holt

Location Within the State

  • Living in Central VA offers a convenience to traveling to other great locations within the state. 
  • Charlottesville is only an hour away from Richmond, within an hour from the south side of The Shanandoah National Park  and its breathtaking views, just over two hours from Washington, DC and within four hours from Virginia Beach and the Atlantic coastline.  

University Town

  • Living in a university town there is an “energy” you can feel.  Some locations can have a “sleepy or dull” characteristic to them.  With UVA as a neighbor, there is always something going on! 
  • Continuing Education at UVA – One can easily continue the lifelong pursuit of learning by participating in any number of classes offered through UVA's continuing education program.  
  • The Miller Center of Public Affairs consistently brings in great, notable speakers who report on issues regarding American government.
  • A great evening idea in Charlottesville is to enjoy walking around Thomas Jefferson's Academical Village (known as The Lawn) at The University of Virginia and then grabbing dinner on The Corner

Phenomenal Food and Wine (a personal favorite!)

The Outdoors

  • The parks in Albemarle County are fantastic.  From walking along wooded paths, mountain biking, swimming, fishing, frisbee golf, etc. there is definitely something for everyone who simply enjoys being outdoors!
  • The Saunders-Monticello Trail is a great walking trail meandering along the south-side of the Thomas Jefferson Parkway.  It is two miles of finely, crushed stone and well kept wooden, boardwalk to The Thomas Jefferson Visitor Center and Smith History Center. The challenge to this trail is not succumbing to the smell of fried chicken at Michie Tavern!   
  • Carter Mountain Orchard is a pick your own orchard with a bakery and a country store that also offers wine tastings complimented by some of the best views...anywhere!  You will actually cross over the road up to the orchard while walking The Monticello Trail.  
  • The Blue Ridge Parkway is within a half hour drive west of Charlottesville and offers spectacular views any time of the year, with October being especially brilliant with the autumn colors.   

Historical Attractions

Only in Charlottesville

  • Want the inside scoop on all things local?  Here's a great ariticle from one of our town's newspapers C-VILLE Weekly.
  • The Downtown Mall:  There is nothing like enjoying a pleasant evening on the Mall!  During "Fridays After Five" held between April and September one can first enjoy listening to live music at The Charlottesville Pavalion on the far east side before heading west and window shopping the over 100 shops and boutiques in and around the mall while noting the menus posted outside the 25+ restaurants (many which offer outside seating).  After enjoying a great dinner at the restaurant you picked with the best sounding menu you can then take in a play or show at The Paramount or more live music at The Jefferson
  • The Virginia Discovery Museum on the east end of the downtown mall "brings young children and families together to engage minds, excite imaginations and explore the world around them."
  • The City Farmer's Market runs from 7am-noon on Saturdays from April until December.  A great way to start your weekend is to enjoy breakfast either at Cafe Cubano on The Downtown Mall or at The Bluegrass Grill & Bakery which is very convenient to the Farmers Market.  After breakfast take in the market where you will see some of the areas freshest, organic produce, meats, plants and flowers along with crafts and baked goods.
  • Horse Racing:  The Foxfield Races have grown to become a recognized tradition in steeplechase horse racing.  They are held once in the fall (family day) and once in the spring.  Race day is quite an exciting event as a good number of locals and visitors from all over make their way along the beautiful, picturesque Garth Road to the race grounds to enjoy a day of tailgating, picnicking and great horse racing.  The Montpelier Hunt Races are held every year on the first Saturday in November.  Marion duPont Scott started the races in 1934 on the front lawn of James Madison's home.  It has since grown to become a premier event on the National Steeplechase Association's circuit.        
  • Halloween and Christmas On The Lawn:  On Halloween the Charlottesville community comes together and enjoys watching children have fun trick or treating at lawn residents' rooms.  If you are in Charlottesville the first part of December be sure to attend the "Lighting of The Lawn".  This festive evening consists of acapella music and ultimately ends with the brilliant display of Christmas lights stretching from The Rotunda along the entire lawn.        
  • Celebrate First Night In Charlottesville is "a safe and friendly New Years Eve tradition that brings some 8,000 people to downtown Charlottesville to enjoy 50+ performances in 20+ different venues--all in one night!   

Today's KCM Blog Post: "

by Kevin Holt

Is FHA Trying To Become LESS Popular?

SOURCE:  From Mr. Steve Harney's Keeping Current Matters Blog Posted on June 3, 2010

There is a buzz in the real estate and mortgage world that says that FHA is moving towards changing how they charge insurance premiums – again!  And the proposal I am hearing is going to reduce the number of people who are eligible for the FHA Program, as well as make the program less attractive.

Let’s start by explaining that, contrary to the public’s consensus, the FHA is not a lender, they are a government owned insurance company.  They collect premiums from borrowers and insure lenders of repayment, if those borrowers default on their mortgages….this insurance allows lenders to loosen their underwriting standards and approve many more applicants.  Presently, they charge these premiums in two different ways:

  1. The UFMIP (Up Front Mortgage Insurance Premium) for most FHA loans is levied at 2.25% of the loan amount.  The good news is that while it is a closing cost, the UFMIP can be (and usually is) financed….added on top of the base loan amount.  So, for example, on a $200,000 base loan amount has a $4500 UFMIP; therefore, the total loan amount is $204,500.  Because it is financed in the loan amount, our borrower is paying $24.17 in their monthly P&I payment to cover it (at a 5% note rate).
  2. The second insurance charged is the MMIP (Monthly Mortgage Insurance Premium).  Currently, for most FHA loans is calculated by multiplying the principal balance of the loan by .55% and dividing by 12.  Because the principal balance is constantly being reduced as payments are made, the MMIP adjusts downward annually until such time as the principal balance is reduced to 78% of the purchase price (which will be a minimum of 5 years, but typically 12-14 years).  In our $200,000 example the MMIP is $91.67.  This amount, too, is added to the mortgage payment.

[Read full article...]

#1 Threat to Housing Recovery: Shadow Inventory

SOURCE:  From Mr. Steve Harney's Keeping Current Matters Blog Posted on June 2, 2010

The concept of supply and demand is relatively easy to understand. It applies to real estate as it applies to any other industry. We must look forward to determine the upcoming supply of housing inventory just like every other industry does. As an example, let’s assume I own a hardware store in town. I have done $1 million in retail sales each and every year for the last ten years. What should I budget to do in sales over the next twelve months? Approximately $1 million seems like the correct answer. However, if I found out a Loews or Home Depot was building a store in the vacant lot across from my store, should I change my planned budget? Of course I should.

What does this have to do with the current real estate market? There is a ‘Home Depot’ being built as we speak. It is called ‘shadow inventory’.

[Read full article...]

Kevin's Monthly Coupon--"A Spotlight on a Local Business"

by Kevin Holt

This Months Business:  Landis

A Full Service Resource For De-Cluttering & Organizing Your Home

"I am so confident in our service I've put my name on it"
--Stephen Landis, Founder

Click Here For Your Free Coupon

Why Are Interest Rates Going Down?

SOURCE:  From Mr. Steve Harney's Keeping Current Matters Blog Posted on May 27, 2010

Putting Money on MBSs

For months the alleged experts (including me) espoused the logic that after the Fed exited the Mortgage Backed Securities Purchase Program on March 31, interest rates would move up.  But here we sit, 60 days later, and rates are at their lowest point of the year.  What’s up with that?

Let’s start with some general economic realities.  First, there is a finite amount of cash in the world.  Second, there are only four basic places to put that cash:

  1. In the stock market.
  2. In the real estate market, which includes the financing of real estate (Mortgage Backed Securities).
  3. In the Commodities Market (gold, silver, orange juice, pork bellies, etc).
  4. Or leave it in cash (CDs, money markets, etc).

Cash itself has a near zero rate of return.  Rates on CDs barely outpace inflation.  Commodities are mostly an unknown for the average investor.  So, for the most part, we look at cash moving back and forth from Stocks to Bonds (MBSs) and vice versa.

[Read full article...]

Searching for a Home in Charlottesville VA?

by Kevin Holt

 



Click Here to Visit FindCharlottesvilleHomes.com!

In Need of Decluttering Services--Ask Landis!

by Kevin Holt

(434) 249-5466   Stephen@AskLandis.com

De-clutter your clutter!

Landis, works with individuals and families to clean up the clutter around them, and start on a life free of messes and disorganization. Knowing how difficult it is to simply throw away objects and items that surrounds us, Landis uses a professional approach to get rid of clutter and organize homes, creating clean, comfortable, and safe living and work environment. Landis shares ideas and tools to not only get organized, but to stay organized. In addition, Landis can also assist clients in selling unnecessary items, in turn creating new sources of income for our Families.

    
Before & After

JUST SOLD In Lake Monticello

by Kevin Holt

175 JEFFERSON DR (FLUVANNA) PALMYRA Home for Sale - Kevin Holt Real Estate

Congratulations Joe and Kathleen on the sale of 175 Jefferson!

You were a pleasure to work with and I thank you
for your business.

Kevin,

I will recommend you specifically and ERA Bill May Realty Co. to everyone. You actually made a stressful experience enjoyable and your advice and guidance throughout was spot on.

Thank you,
-Joe

5 Experts Shine Light on April Housing Numbers

SOURCE:  From Mr. Steve Harney's Keeping Current Matters Blog Posted on May 26, 2010

It is our mission on this blog to give you the factual data behind the current housing headlines. We ask Steve Harney to give his insights in an attempt to bring clarity to what (at times) seems to be conflicting information, and there are moments where we reach out to industry specialists in order to provide a more focused aim on certain real estate trends or topics.  Today, we just wanted to give you five clear-cut insights from some of the top economic experts in our field that have recently shined some light on April’s housing numbers.

David M. Blitzer, Chairman of the Index Committee at Standard & Poor’s:

The housing market may be in better shape than this time last year; but, when you look at recent trends there are signs of some renewed weakening in home prices. In the past several months we have seen some relatively weak reports across many of the markets we cover…While year-over-year results for the National Composite, 18 of the 20 MSAs and the two Composites improved, the most recent monthly data are not as encouraging. It is especially disappointing that the improvement we saw in sales and starts in March did not find its way to home prices. Now that the tax incentive ended on April 30th, we don’t expect to see a boost in relative demand.

[Read full article...]

Sales Skyrocketed! So Why Is Supply INCREASING?

SOURCE:  From Mr. Steve Harney's Keeping Current Matters Blog Posted on May 25, 2010.  

There was great news reported yesterday by the National Association of Realtors (NAR). The Existing Homes Sales Report showed a 7.6% increase in sales over last month and a whopping 22.8% increase over April 2009. This is fantastic news as it proves the tax credit, which expired at the end of April, did increase sales in the first portion of the year. The unanswered question is – Where will the market go from here?

There are some who believe that the tax credit just dragged forward demand from later in the year. The latest Mortgage Bankers Association’s Weekly Application Survey quoted Michael Fratantoni, MBA’s Vice President of Research and Economics saying:

The data continue to suggest that the tax credit pulled sales into April at the expense of the remainder of the spring buying season.

[Read full article...]

Displaying blog entries 111-120 of 176

©2008 ERA Franchise Systems LLC. All Right Reserved. ERA® and Always There For You® are registered trademarks licensed to ERA Franchise Systems LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated.  All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.