Wednesday, August 31, 2016

15th Annual Pig Pickin' on the James

It's that time of year again! We have the 15th Annual Pig Pickin' for the Women's Council of Realtors!  Get your discounted tickets through September 3rd.  It's ALWAYS a great time with some amazing people! Some of the proceeds will be benefiting FeedMore, so get your barbecue on and have some fun for a good cause!

Saturday, August 27, 2016

Featured Listing: 104 Holly Dr. Manakin Sabot, VA

This six bedroom property in Manakin Farms has been completely renovated and is ready for you to call it "home" today!

New Roof - New HVAC - Renovated kitchen with stainless appliances and granite countertops - Renovated bath with new fixtures - Fresh paint inside / outside - Updated electrical - Fresh gravel on driveway. The floor plan has been opened and modernized for today's buyer. The fully finished basement provides great flexibility with the large Den plus 3 more bedrooms that could function as playrooms - offices - whatever you like plus full bath with shower. 

Close to Innsbrook and West Creek, this charming property features a courtyard in front and large deck in back with a detached storage building. Plant your own veggies in the fenced garden plot. Check this one out today!


Manakin Farms neighborhood a wonderful place to live, and this house has been beautifully renovated for maintenance free and high efficiency living.


  • 8/28 2pm-4pm


  • Lot: 0.44 acres
  • Single Family
  • Built in 1970
  • 38 days on Zillow
  • Views since listing: 3,353
  • All time views: 9,202
  • 73 shoppers saved this home
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Jun 2013 for $157,600
  • Price/sqft: $114
  • MLS #: 1624707
  • View Virtual Tour


  • Cable Ready
  • Ceiling Fan
  • Deck
  • Double Pane/Storm Windows
  • Finished basement
  • Fireplace
  • Flooring: Tile
  • Garden
  • Lawn
  • Parking: Off street
  • Patio
  • Porch


  • Ownership Type: Simple
  • AICUZ Crash: None
  • AICUZ Noise: A
  • Pool: No Pool
  • Sewer Type: County
  • Water Type: County
  • Parking: Driveway Spc
  • Waterfront Description: Not Waterfront
  • Fence Description: Back Fenced
  • Fence YN: Yes
  • Foundation Type: Other
  • Water Heater Type: Electric
  • Roof: Composite
  • Fence Description: Chain Link
  • Heating: Electric
  • Fence Description: Wood Fence
  • Subdivision Number: 005
  • Subdivision Name: MAKIN-SABOT


  • Dishwasher
  • Range / Oven
  • Refrigerator


  • Office
  • Pantry
  • Recreation room


  • Exterior material: Vinyl
  • Roof type: Other
  • Room count: 10
  • Stories: 1
  • Structure type: Colonial


  • Floor size: 2,188 sqft
  • Heating: Electric
  • Last remodel year: 2013
  • Parcel #: 62 4 E 2
  • Zillow Home ID: 79126738

Wednesday, August 17, 2016

Congrats to $1 million in closed sales goal, Shondra!

Congrats to Shondra, our rising star of Clocktower Realty Group.  Her latest closed deal in Henrico has brought her to over $1 million in sales so far this year!  Her goal by the end of the year is to reach $2 million total.  More power to you - set goals and crush them! Keep up the good work, Shondra!

Monday, August 15, 2016

Rent the best of Church Hill!

There no better place to enjoy all that Richmond has to offer than from the cool community that makes up Church Hill.  Comprised of trendy restaurants, free libraries, park life and a spectacular view — Church Hill is an amazing community of diverse residents.  Coffee shops, bakeries, fine dining, casual eateries, and it’s own nightlife— The Hill is scattered with walkable destinations and three nearby parks; Chimborazo, Libby Hill and Patrick Henry Parks.

What better way to enjoy the best of RVA than by living in one of it’s beautifully renovated, historical homes?  That’s what 3109 1/2 E. Broad Street has to offer its tenants.  A bright renovation, this home exudes charm with reclaimed hardwood floors, charming exposed brick that Richmond is known for and a large kitchen with all the modern upgrades.  Three full bedrooms and 3 full baths make this a sought after property, perfect for roommates or a growing family.

This home has a new roof and central air with electric heat, which means efficiency in utility costs and no drafty windows!

A rear, fenced-in patio and second story balcony are perfect for relaxing after a long week or entertaining guests.

Make an appointment to see this beautiful rental today!

Friday, August 12, 2016

Modern Luxury in Chester

A stately and impressive home with an absolutely amazing layout.  Its features are truly luxurious from the very start with its circular driveway, well-lit foyer and dark wood flooring throughout the first level.  This home is well-appointed for entertaining, multi-generational living, anyone who loves modern conveniences in nearly every corner of their home!  With six bedrooms, 4 full baths, an elevated patio above a walk-out patio, and two full wet bars, there’s no way a homeowner could be left wanting.

This home features modern light fixtures and recessed lighting throughout.  The formal dining room with bay windows leads into the handsomely tiled open kitchen and breakfast nook.  Solid wood cabinetry, dark granite countertops, and stainless steel appliances make this kitchen as inviting as the adjacent living room with a beautiful gas fireplace.  The large picture windows look out onto the elevated patio.  The first-floor bedroom is perfect for a second master, a guest room or an impressive home-office.

Upstairs, the master suite is a homeowner’s dream.  With a large walk-in closet, beautiful windows, gas fireplace and nothing short of a luxurious master bath with jetted tub, separate shower, and dual vanities.  You’ll be sure to enjoy every second in this peaceful retreat.

The 3rd floor is made for entertaining with track lighting and a full wet-bar!  That is unless you’d like to entertain in the fully finished basement, with a commercial grade wet bar, walk-out patio and full-size bath.  Both of these spaces could easily double as guest suites or extra bedrooms.

Worried about utility costs? This home has 4-zone heating and cooling, which means your money isn’t wasted on rooms not being used!

This home also features an oversized, rear entrance, two car garage as well as an already poured concrete foundation that’s ready for a detached garage or guest house!

Convenient to 288, 301 and 95 to make getting around town quick and easy!

3410 Osborne Rd.
Chester, VA 23831

Tuesday, August 9, 2016

How Downpayment Assistance Programs can help you and why you should act NOW!

The VHDA is  changing the rules come September 7, 2016 when it comes to downpayment assistance programs.  Assistance for both FHA and traditional loans are being REDUCED.  However, you still have time to apply before the deadline!  Don't miss out on potentially thousands of dollars in purchase power by not taking advantage of these programs NOW!

How Downpayment Assistance Can Help You Foot the Bill for a Home
By Cathie Ericson of

House-hunting bummer: You’ve found the perfect home, and you’ll have no trouble covering your monthly mortgage and bills—but that 20% down payment is woefully out of reach. Could that mean you’re out of luck?

Not quite. That’s because there are 2,290 down payment programs across the country that can help—that is, as long as you meet eligibility requirements in terms of income, occupation, or credit. Yet many home buyers don’t even think about applying for down payment assistance, because they’re not aware of these programs or they assume they don’t qualify.

“Consumers do not know about these programs, and those that do assume it’s more difficult to get than it is,” said Jonathan Smoke, chief economist of®. Read on to make sure you don’t miss out.

How much money can down payment assistance provide?

One study found that buyers who use down payment assistance programs save an average of $17,766. To reach this figure, these buyers save an average of $5,965 upfront at the down payment stage. Because this also lowers the amount of money they owe their lender, it means they save on average an additional $11,801 in monthly house payments over the life of the loan.

How can you find out if you qualify for down payment assistance?

While many down payment assistance programs are geared toward low-income home buyers, you don’t have to be destitute. Plenty of programs are geared to middle-income buyers as well. Yet a survey by NeighborWorks America found that 40% of respondents hadn’t received any information about down payment assistance programs for middle-income homebuyers, which could have saved them a bundle.

Part of the reason for the confusion might be because the programs are fragmented.

“Down payment assistance can come from many different sources, including the federal government, counties, and local communities,” says Chantay Bridges with TruLine Realty in Los Angeles.

There will be a list of qualifying factors, Bridges cautions, but a number of programs are available, including FHA and VA. Homes that are part of a Neighborhood Stabilization Program often qualify, as do homes purchased by teachers, firefighters, and other civic employees under certain programs. Many counties also offer down payment assistance to first-time buyers, who are defined as anyone who hasn’t owned a home in three years.

How to find downpayment assistance programs near you

A great place to start is Down Payment Resource, which offers a handy calculator that can show you what you may be eligible for. Many multiple listing services nationwide display a special icon on the listing of a property that might qualify for down payment assistance.

Many options are also listed by state, or you can check your state on the Department of Housing and Urban Development website.

Also check with your agent and lender for programs available in your specific county, because they change frequently—and these professionals should be up on the latest options.

To view the original article, click here.

Thursday, August 4, 2016


The video says it all! Gorgeous! Come by this Sunday from 1 pm - 3 pm for an Open House!

212 W Franklin St
Richmond, VA 23220

Thinking Vacation Rental? Start Thinking NOW!

Now is the time when vacation homeowners and potential vacation homebuyers should start to think about buying or selling!  It's the end of the season, so home OWNERS can make repairs from any damage throughout the summer, and home BUYERS can start getting their ducks in a row for the next season.  If you're sick of spending buku bucks every summer, why not invest in your own family's fun?  It's the best of both worlds! Create lasting memories with your loved ones while collecting rental checks from other families doing the same!

Illustration: Chris Gash

How to Finance a Vacation Home That's Also a Short-Term Rental 
Renting out a second home is one way to pay off the mortgage while leaving time for family fun
By: Anya Martin

The rise of short-stay rental sites like Airbnb and HomeAway is tempting homeowners to purchase vacation homes that will also generate income.

For some, renting is a way to recoup some costs of a second home purchased primarily for family fun. Others do the math and find it makes sense to rent full time or close to full time.

Rental income can also defray the cost of improvements if the second home is a fixer upper, says Brian Sharples, CEO of HomeAway, which has more than 1.2 million paid listings in 190 countries. Vacation homeowners make an average of $28,000 a year in rental income, according to results of a quarterly survey released in March of 1,253 owners who list on, and

In a separate annual HomeAway survey released in June, 70% of 663 respondents said rental income covered more than half of their mortgage payments. Fifty-four percent said rental income covered 75% or more of their mortgage payments. Owners also used the income to fund their everyday living expenses (23%), upgrade and renovate the property (23%), pay for a child’s education (21%) and save for retirement (11%).

Last year, the average purchase price for a vacation home in the U.S. was $192,000, according to the National Association of Realtors. Of the 920,000 vacation homes sold, 61% were financed with a mortgage. ( News Corp, which owns The Wall Street Journal, also owns, the listing website of the National Association of Realtors.)

Overall, home prices have been rising over the past few years in most vacation hot spots. But buyers also should consider that interest rates are low, says Don Ganguly, CEO of HomeUnion, a California-based residential investment and management firm. “It could be the perfect window to blow cheap money into an area that is doing well and rents are going up,” he adds.

Buying a property solely for rental income has its risks. And how the property is used affects the borrower’s mortgage options. Both conforming and jumbo mortgage rates for a second home usually are equal to or within a quarter of a percentage point of current market rates for a primary residence mortgage, says Norman T. Koenigsberg, president and CEO of East Brunswick, N.J.-based First Choice Loan Services. Lenders typically require a minimum down payment of 10% for conforming loans and 20% for jumbos on second home mortgages, he adds.

Also, the lender will factor in the borrower’s existing home payments as well as the new mortgage payments when calculating the debt-to-income ratio, which reflects the borrower’s monthly debt payments as a percentage of gross monthly income. Lenders prefer a ratio that is 43% or lower, but some will go up to 45% for an otherwise strong applicant, Mr. Koenigsberg says.

However, if an owner plans to rent the home most of the time, a lender will categorize the property as “investment,” making it ineligible for a second-home mortgage, says Dave Gorman, Bank of America sales executive for the Northwest region. Qualification guidelines are tighter for investment-home mortgages, including a higher minimum credit score, higher down payment (25%), and a lower DTI, he says.

On the plus side, projected rental proceeds may be included in income calculations for an investment-home loan, Mr. Gorman says. If a home hasn’t been previously rented or is a new property, the lender will consider comparable rental income for the area, he adds.

Here are a few more considerations:

• Local regulations. Some counties and municipalities consider vacation-home rentals the same as hotel stays and require owners to collect occupancy or lodging taxes from guests. Communities also sometimes limit the number of homes that can be rented on a temporary basis, so vacation-home buyers who intend to rent should check for any local restrictions before purchasing, Mr. Gorman says.

• Budget fully. While borrowers may be able to afford another mortgage payment, they should be comfortable paying for the property taxes, insurance and upkeep of any property they own and finance, Mr. Gorman says. Remember these expenses remain even if there are no renters, he adds.

• Repair and write off. If the vacation home is rented, expenses related to repairs, maintenance, cleaning and utilities may be tax deductible, either fully or prorated based on the time it’s rented. However, costs for improvements must be capitalized and then depreciated. Check with a tax expert for specific rules and restrictions.

Corrections & Amplifications: 
Investment-home mortgages may require a higher down payment of 25%. An earlier version of this article incorrectly stated the down payment could be 75%. (Aug. 3, 2016)

Article originally appeared on

Wednesday, August 3, 2016

A Serene Setting in Stony Point

You could not ask for a more beautiful home at such an affordable price.  There are a variety of buyers that this ranch style home would be perfect for.  A first-time homebuyer would be a great fit for example in this simple and elegant property.  With plenty of room to grow, this 3 bedroom, 2 bath is gorgeously remodeled and fits many different lifestyles like having roommates, working from home or growing your family.  If you are looking to downsize, this single floor, ranch-style home still has plenty of room for accommodating guests while providing easy access to all parts of the property.  Beautiful landscaping and mulched flower beds make this a picturesque home.

All the floors have been refinished and in the living room, you have built-in book shelves and a brick wood-burning fireplace!  Both stunning features for any home.  The kitchen has granite countertops and stainless steel appliances with an open floor plan.  From the kitchen, you can overlook the wrap around rear deck, while still enjoying your privacy— the back of this property is adjacent to Lewis G. Larus Park, home to almost 5 miles of trails and 106 acres beautifully wooded scenery.  “Bounded by Huguenot Road, Chippenham Parkway, and Stony Point Fashion Park, yet manages to remain virtually unknown to most Richmond’s.  It really is the city park system’s hidden gem,” says Richmond Outside.

Even more stunning are the 2 full bathrooms that have been newly updated with marble countertops and gorgeous, one of a kind, hand-painted sinks from Mexico.  Among all the new updates, you can count on your house running efficiently as well, with only a 1-year-old roof and a brand new heat pump, these big expenses are NOT in your future.

This location provides easy access to the river, shopping and dining, along with lots of other nearby amenities. This district has some of the best schools in the area and just a few minutes from the prestigious University of Richmond.  Drive to Carytown for a day of window shopping, get extreme at Peak Experiences Rock Climbing Gym or take an easy kayak from Huguenot Flatwater. The location really is amazing!

A truly versatile home in a serene setting, check out this hidden gem today!

9011 Old Holly Road
Richmond, VA 23235