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The numbers are in: Beth Medved Waller, founder of WHAT MATTERS, remains Warren County’s #1 listing agent in 2018

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Beth Medved Waller, Warren County’s #1 listing agent in 2018

Warren County, VA — Beth Medved Waller’s new year’s goals for the past decade have always been to remain the top listing agent in Warren County and to spread the word about her favorite nonprofits. She never imagined that in 2018 she would be able to sell the most Warren County listings while also starting her own global 501(c)(3) nonprofit that took her out of the country seven times. “I believe we are all on a journey in life, and if we follow our hearts, even when it means taking leaps of faith that don’t make sense, our lives will be blessed beyond measure and most importantly we’ll be able to bless others in the process.”

Beth in Bunyade, Uganda – a remote village that has no electricity, but now has a new primary school thanks largely to the real estate clients who called on Beth Medved Waller to sell their homes in 2018.

Initially worried that people would think she couldn’t be an effective realtor with her nonprofit work and traveling, she laughs when people question her ability to serve her sellers. “Before I head overseas, I tell my clients that I’ll be faster responding to their emails and calls while abroad. When I’m away, I’m not on back-to-back appointments like I used to be the past decade, so I can return calls and emails faster. My phone works better in the remote village that has no electricity (where the new school is located) than it does in Browntown, VA!” Beth also works with a fantastic transaction coordinator based out of the Keller Williams Solutions main office in Manassas, VA to keep her organized and always connected. Both her real estate and nonprofit work are headquartered in the former “Team Waller” office at 27 Cloud Street in downtown Front Royal, which she has converted into a nonprofit center. The building provides office space for the Front Royal Women’s Resource Center and CASA (Court Appointed Special Advocates). She also hosts a free community meeting space beside the Daily Grind on Main Street which is a WHAT MATTERS initiative to support downtown Front Royal and residents by providing a comfortable and well-appointed place for groups large and small to meet (or host fundraisers, presentations or networking events) at no cost.

To learn more about how Beth can help with your real estate goals, or to discover more about WHAT MATTERS, please visit her website at www.whatmattersw2.com or give her a call at 540-671-6145. She’d love the opportunity to share her passion for real estate and her gift of negotiating and outside-the-box marketing/strategizing. Her passion for nonprofit work is also a topic she’d love to discuss with anyone interested. She can also be reached by email at beth@whatmattersw2.com to start a conversation about you joining in her support efforts to help Light up Life Foundations in Uganda, to book a time to utilize her free community meeting space (“Open House” in the Middle of Main building on Main Street), to schedule a no-cost social media video to promote your business/group or cause, or to discuss another current or future WHAT MATTERS Initiative.

BETH Medved Waller
Associate Broker, KW Solutions, Keller Williams Realty
Director, WHAT MATTERS, a 501 (c) (3) nonprofit


Can you spare $1 to change a life of one of the children in the lyric video below? 

Download “What Matters is your Heart” on iTunes, Spotify, Amazon or Google today for $0.99-$1.29. YOU can become a part of dollardreamdownload.com and change lives — one song, one dream, one download at a time! Help me reach my 1 million download goal to support children in Uganda!

Song performed by Herbie Skarbie Kawuma, Lyrics by ME


BETH@WHATMATTERSW2.COM
WHATMATTERSW2.COM

Local Office:
27 Cloud Street Front Royal, VA 22630  |  540-671-6145
Northern Virginia Office:
8100 Ashton Ave #103 Manassas, VA 20109  |  703-330-2222

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Real Estate

4 reasons an offer may be rejected

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Making an offer on your dream home only to have it rejected can be heartbreaking. To help you prepare, here are four reasons sellers may have for turning down a bid.

1. It was too low
If your offer is too low, the seller may think you aren’t serious about purchasing the property. If the house hasn’t been on the market for long, they may also think it’s too early to consider offers below the listing price.

2. It was too high

Offering a lot more than the asking price is a bad idea unless you’re paying cash. This is because realtors are likely to warn their clients that the house won’t appraise for the amount bid. Once the lender realizes the loan is for much more than the actual value of the home, the transaction could fall apart.

3. It was written by your agent
Sometimes, listing agents engage in what’s known as dual agency. This means that if they represent both the seller and the buyer, they’ll charge a slightly smaller commission. The end result is that the seller will net less money if they accept an offer written by the buyer’s agent. This practice is regulated differently depending on where you are, so it may not always be a concern.

4. It doesn’t meet their needs
Every seller is unique, and it’s a good idea to find out what they need from the deal before you make a bid. They may have a specific closing date in mind, or perhaps they’ll only consider offers that come with proof of pre-approval. Your real estate agent can determine what the seller requires.

Finally, it’s rare for a seller to reject an offer without countering, so chances are you’ll be able to negotiate.

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Real Estate

Market assessment vs. home appraisal

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One of the most important things in real estate is understanding the various ways to estimate the value of a home. This includes market assessments and home appraisals, two very different things that both provide valuable information.

What’s a market assessment?
Also referred to as a market evaluation or analysis, a market assessment is a comparative review of sold, expired, and active listings for similar homes in a given area. It’s meant to provide an overview of a neighborhood and of the value of homes within it.

A market assessment is a useful tool for both buyers and sellers. Buyers will have a baseline against which to compare the price of a home they’re interested in, and sellers will gain an idea of what’s a reasonable list price for the current market.

What’s a home appraisal?
A home or real estate appraisal is meant to provide information on the condition and features of a given house. Factors like repairs needed, square footage, number of bedrooms, and so on are taken into account. Home appraisals are valuable to lenders, as they help determine the value of the property.

A home appraisal will typically be required by lenders, but market analyses aren’t. Nevertheless, both will provide home buyers and sellers with valuable information.

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Real Estate

Why sewer inspections are a must when buying an older home

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A standard home inspection won’t include a look at the sewer line. However, if you’re considering buying an older home, you should have a plumber to assess it. Here are a few types of problems that may be found.

Tree root damage
If the home is more than 20 years old, the sewer line needs to be inspected. This is because the pipes can become damaged by tree roots within this span of time. All too often roots will penetrate and clog them, consequently leading to more serious plumbing issues.

The house has a cesspool

Some older homes relied on cesspools. While municipal sewer systems made them obsolete, many were left in place. Soil erosion and heavy rains can cause them to cave in, thereby leaving behind huge holes.

Tar paper pipes
Many homes built prior to 1950 have tar paper pipes, also known by their trademark name of Orangeburg pipes. Over time, they disintegrate, which can lead to serious water damage and the need for expensive repairs.

A sewer inspection is the only way to uncover these problems. If you want to buy an older home, be sure to get a plumber to take a close look at the sewer lines before you make a bid.

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Real Estate

4 reasons you should bid at the listed price

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If you’re ready to make a bid on a home, you may want to consider resisting the impulse to negotiate. Here are some key reasons why making an offer at the listed price could be a good idea.

1. You’ll get the seller on your side
Making an offer for the listed price is likely to make the seller more receptive to requests. For instance, they may be willing to pay for inspections or to accommodate your move-in schedule.

2. You’ll get the listing agent on your side

Matching the listing price that was initially suggested by the seller’s agent will make them look competent. They may be more receptive to your offer and to any requests you may make.

3. You’ll get an edge on other offers
If the seller received multiple offers, it’s likely that most of them are for less than the listing price. This will make your offer stand out in comparison.

4. You’ll make future negotiations easier
If you try to get a bargain upfront, there may not be any room to negotiate for repairs later. The seller is much more likely to be receptive to such requests if you offer to pay the list price.

If you find your dream home and can afford it, you may want to skip the negotiations. Besides, if the house gets appraised for less, the seller may be willing to lower the price.

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Real Estate

How to change realtors

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There are many reasons why you may want to change realtors. Here are some tips that’ll help ensure a civil split.

For sellers
Hiring a listing agent to sell your home usually involves signing a contract with them. Typically, it’ll state that upon the purchase of your home, the agent will get a commission, possibly even if they were fired. The best thing to do if there’s friction between you and your agent is to contact the brokerage and explain the situation. They may agree to let you out of the contract or propose a way to resolve the situation amicably.

For buyers

Buyers’ agents don’t usually require their clients to sign legally binding agreements, making it somewhat easier to part ways. However, it’s always better to be upfront and let the agent know before you hire someone else. This also gives them the opportunity to address your concerns and to salvage the relationship, which may be valuable if they’ve already put time and effort into helping you.

If you signed a buyer representation agreement with them, however, you’ll need to break the contract before you do anything else.

Even when done amicably, changing agents may involve a lot of work. The best thing to do is to select a good realtor from the get-go.

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Warren County Market Report – May 2020

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Spring market is coming late this year, but as restrictions due to COVID-19 begin to lift, more homes are starting to list. Stay positive Warren County. We will get through this!

Watch this video for a quick summary of Warren County real estate for May 2020. Charts demonstrate the changes in the market, so be sure to click play!

In general summary:

  1. New Listings are DOWN -25.7%.
  2. New Pending UP 13.5%.  MAY 2019 = 89 vs MAY 2020 = 101
  3. Closed sales are DOWN -1.4%. MAY 2019 = 74 vs MAY 2020 = 73
  4. Average Median Sold $226,000
  5. Average Days on Market 33

*If you would like a copy of this report emailed to you, please send request to jenaveryrealtor@gmail.com.

Resource: 2020 Market Stats by ShowingTime
MRIS: Statistics calculated JUNE 2020.

Jennifer Avery, Realtor
“Your Happy Home Expert”

BPOR, SRS, CNE, E-Pro Certified | Licensed in VA
jenaveryrealtor@gmail.com | 540-683-0790
CRUM REALTY, INC | 318 S Loudoun St., Winchester, VA 22601 | 540-662-0400

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