Featured Property 11537 St Audries Drive Chesterfield, VA 23838 Listed at $379,900 Follow the circular driveway to this magnificent Chesterfield home on 1-acre corner lot,
November 2022 Newsletter
Dated: November 15 2022
11537 St Audries Drive Chesterfield, VA 23838
Listed at $379,900
Follow the circular driveway to this magnificent Chesterfield home on 1-acre corner lot, secluded by lush trees. Inside, you'll find a well-designed floor plan that offers a seamless flow between gathering areas. Deluxe primary bedroom features a large walk-in closet & an attractive ensuite bath w/a Jack-and-Jill granite-topped vanity sink & generous soaking tub. Upgraded elements abound with all-new hardwood style flooring downstairs, recently installed carpet, & fresh paint throughout. 2-car garage, new HVAC & water heater, plus no HOA fees.
We're always happy to help our clients find the home of their dreams!
Here are our some of our recently sold listings!
Great work to our committed Clocktower Realty Group agents!
Clocktower by the Numbers
- Number of homes listed in October: 13
- Number of homes pended in October: 27
- Number of homes sold in October: 34
- Number of Clocktower agents: 68
Things To Do in RVA: 8th Annual Open Arms Turkey Trot 5K Fun Walk/Run- November 19th at 9 am
Open Arms provides homes for families and individuals in medical crisis that must travel to receive medical treatment. Show your support for this great charity by participating in our 8th annual Turkey Trot 5K on November 19th at Deep Run Park! The Open Arms Foundation is the corporate charity of MAA, and the heart of our company. Its mission is to provide a home away from home for those who must travel to receive medical treatment. All proceeds will go towards this wonderful charity. For more information, visit:
3 Trends That Are Good News for Today's Homebuyers
While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today:
More Homes To Choose from- During the pandemic, housing supply hit a record low at the same time buyer demand skyrocketed. This combination made it difficult to find a home because there just weren’t enough to meet buyer demand. According to Calculated Risk, the supply of homes for sale increased by 39.5% for the week ending October 28 compared to the same week last year. Even though it’s still a sellers’ market and supply is still lower than more normal levels, you have more to choose from in your home search. That makes finding your dream home a bit less difficult. Bidding Wars Have Eased- One of the top stories in real estate over the past two years was the intensity and frequency of bidding wars. But today, things are different. With more options, you’ll likely see less competition from other buyers looking for homes. According to the National Association of Realtors (NAR), the average number of offers on recently sold homes has declined. This September, the average was 2.5 offers per sale. In contrast, last September, the average was 3.7 offers per sale. If you tried to buy a house over the past two years, you probably experienced the bidding war frenzy firsthand and may have been outbid on several homes along the way. Now you have a chance to jump back into the market and enjoy searching for a home with less competition.
More Negotiation Power- And when you have less competition, you also have more negotiating power as a buyer. Over the last two years, more buyers were willing to skip important steps in the homebuying process, like the appraisal or inspection, to try to win a bidding war. But the latest data from the National Association of Realtors (NAR) shows the percentage of buyers waiving those contingencies is going down. As a buyer, this is good news. The appraisal and the inspection give you important information about the value and condition of the home you’re buying. And if something turns up in the inspection, you have more power today to renegotiate with the seller. A survey from realtor.com confirms more sellers are accepting offers that include contingencies today. According to that report, 95% of sellers said buyers requested a home inspection, and 67% negotiated with buyers on repairs as a result of the inspection findings.
Bottom Line: While buyers still face challenges today, they’re not necessarily the same ones you may have been up against just a year or so ago. If you were outbid or had trouble finding a home in the past, now may be the moment you’ve been waiting for! Source: KCM Blog