Featured Property206 Winber Drive, Richmond, VA 23224• 1,855 square feet • $225,000 •This charming home in close proximity to Reedy Creek & Forest Hill Park has everything you are
July 2021 Newsletter
Dated: July 13 2021
9394 Wind Haven Court Glen Allen, VA 23060
• 1,040 square feet • $188,900 •
This is a beautifully renovated 2 bedroom, 2 full bathroom unit located in Laurel Lakes. This property offers newly installed floors, fresh paint, stainless steal appliances, & granite countertops! Primary bedroom features a walk-in closet, it’s own en-suite, & lots of natural light. This unit is on the bottom level with a a secured entrance to the main building
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 sold in June: 46
- Number of homes pended in June: 47
- Number of homes listed in June: 15
- Number of Clocktower agents: 64
Pre-Aproval Makes All The Difference When You Buying A Home
You may have been told that it’s important to get pre-approved at the beginning of the home buying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers as a serious homebuyer. Being intentional and competitive are musts when buying a home right now. Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Just as important, being able to present a pre- approval letter shows sellers you’re a qualified buyer, something that can really help you land your dream home in an ultra-competitive market.
With limited housing inventory, there are many more buyers active in the market than there are sellers, and that’s creating some serious competition. According to the National Association of Realtors (NAR), homes are receiving an average of 5.1 offers for sellers to consider. As a result, bidding wars are more and more common. Pre-approval gives you an advantage if you get into a multiple-offer scenario, and these days, it’s likely you will. When a seller knows you’re qualified to buy the home, you’re in a better position to potentially win the bidding war. Freddie Mac explains: “By having a pre-approval letter from your lender, you’re telling the seller that you’re a serious buyer, and you’ve been pre-approved for a mortgage by your lender for a specific dollar amount. In a true bidding war, your offer will likely get dropped if you don’t already have one.”
Every step you can take to gain an advantage as a buyer is crucial when today’s market is constantly changing. Interest rates are low, prices are going up, and lending institutions are regularly updating their standards. You’re going to need guidance to navigate these waters, so it’s important to have a team of professionals such as a loan officer and a trusted real estate agent making sure you take the right steps and can show your qualifications as a buyer when you find a home to purchase.
Bottom Line: In a competitive market with low inventory, a pre-approval letter is a game-changing piece of the homebuying process. Not only does being pre-approved bring clarity to your homebuying budget, but it shows sellers how serious you are about purchasing a home. Source: KCMBlog
Things To Do In RVA: The 2021 RICHMOND SHAKESPEARE FESTIVAL!
Bring your lawn chair or blanket and join fellow Shakespeare lovers on Agecroft Hall’s magnificent back lawn, where you can sit as close to (or as far) from other patrons as you like! You’ll have a great view of the James River, the summer sky, the stage and, of course, Agecroft Hall’s beautiful façade! King of Pops and Garden Grove Brewery will be there to provide ice cream and adult beverages!
Recurring daily at 7:30 PM from July 8th through August 15th, The Bottom Show plays Fridays only and Twelfth Night or ‘What You Will’ can be seen on Thursdays, Saturdays, & Sundays. Visit https://www.quilltheatre.org/21summer to purchase tickets in advance & for more information.