Category Archives: Something to think about

KELMAR FARMS GOLDVEIN, VA.

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Yes you can strike Gold in Goldvein!

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Kelmar Farms Virtual Tour

Did you ever dream about the country life?  I did but I still want a beautiful home and landscaping.  I want to be close to town and have the ability to travel north and south, country roads would be fine without all the congestion!   If I had a hundred acres I wonder if I could make it income producing?  have pets?  Maybe horses?  or work from home?

 

Well the dream is here!  It can be true, actually it is true at Kelmar Farms!      3258 Thompson Mill in Goldvein!  Well it’s almost true – how about 97 Acres and everything else above and below is included too!

Questions and Answers from the Sellers!

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Learn More About Fredericksburg

 

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Go Straley Group wants to tell you all about Fredericksburg or you can experience it for yourself live!

Whether a buyer, seller, homeowner or renter you will love the vibe!  The old town, large town, small city vicinity boasts over 200,000 in Stafford, Fredericksburg and Spotsylvania.

We feature new home builders, buyer tips, but also local news and events!  Learn about school closings or traffic jams – as a Subscriber!

Offer discounts and drive traffic to your store as a business owner.   Check the link about to learn more about our great town.

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Buyer Starts Process by Asking Questions?

PURCHASING A HOME

When buying a home, it’s important to think carefully about your offering price—but also your offering terms.

Most purchase offers define both. And in some cases, terms and conditions can represent thousands of dollars in additional value for buyers—or additional costs.

Terms may include inspections, requests for specific property repairs, or timing considerations, such as a conditional purchase clause (if, for example, you must first find a buyer for your current home).  When finding a REALTOR® you want to ask specific questions to qualify their professional abilities as your representative!

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Did you hear the woman ate a horse?

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I pondered why the United States was uniquely dependent on employer health care.

I pondered why the United States spends $2.1 Trillion in health care each year.

My research delineates that 34% of health care is paid by private insurance, 47% by Public insurance, and 19% by consumers.

In 2006, healthcare as a percent of GDP was 16% .

These numbers just don’t seem economically correct, but reading through causes, cures, and solutions seems to be like traveling through a maze.

As a patient, if I don’t have a health care plan, providers sometimes double or triple the rate over that of the rate under and insurance plan, so I need to plan to contain the costs, but the costs of the plans are not contained either.  It does not seem like the sensible economic system where costs are shown and consumers choose purchases based on utility.

A look back in history reveals the following:

“In describing how the United States arrived in the predicament it currently finds itself, the author accurately lays the blame on decisions made 60 years ago. Wage and price controls in effect during World War II meant employers had to turn to forms of non-cash compensation to recruit or retain workers. Workers pay taxes on cash wages but not on fringe benefits like health insurance. Over time, it became common for workers to fund their family’s health care by using tax-free insurance policies obtained through employment.” Herrick, D. (2005)

I liken the whole situation to the well known nursery rhyme!
I just hope we restore some sensibility and self responsibility before we get to the “horse”!

If you don’t address the problem directly with wise open direct economic decisions, this is what happens:

There Was An Old Woman

There was an old woman who swallowed a fly,
I don’t know why she swallowed a fly,
Perhaps she’ll die.

There was an old woman who swallowed a spider,
That wriggled and jiggled and tickled inside her,
She swallowed the spider to catch the fly,
I don’t know why she swallowed the fly,
Perhaps she’ll die.

There was an old woman who swallowed a bird,
How absurd! to swallow a bird,
She swallowed the bird to catch the spider,
That wriggled and jiggled and tickled inside her,
She swallowed the spider to catch the fly,
I don’t know why she swallowed the fly,
Perhaps she’ll die.

There was an old woman who swallowed a cat,
Imagine that! to swallow a cat,
She swallowed the cat to catch the bird,
She swallowed the bird to catch the spider,
That wriggled and jiggled and tickled inside her,
She swallowed the spider to catch the fly,
I don’t know why she swallowed the fly,
Perhaps she’ll die.

There was an old woman who swallowed a dog,
What a hog! to swallow a dog,
She swallowed the dog to catch the cat,
She swallowed the cat to catch the bird,
She swallowed the bird to catch the spider,
That wriggled and jiggled and tickled inside her,
She swallowed the spider to catch the fly,
I don’t know why she swallowed the fly,
Perhaps she’ll die.

There was an old woman who swallowed a goat,
Just opened her throat! to swallow a goat,
She swallowed the goat to catch the dog,
She swallowed the dog to catch the cat,
She swallowed the cat to catch the bird,
She swallowed the bird to catch the spider,
That wriggled and jiggled and tickled inside her,
She swallowed the spider to catch the fly,
I don’t know why she swallowed the fly,
Perhaps she’ll die.

There was an old woman who swallowed a cow,
I don’t know how she swallowed a cow!
She swallowed the cow to catch the goat,
She swallowed the goat to catch the dog,
She swallowed the dog to catch the cat,
She swallowed the cat to catch the bird,
She swallowed the bird to catch the spider,
That wriggled and jiggled and tickled inside her,
She swallowed the spider to catch the fly,
I don’t know why she swallowed the fly,
Perhaps she’ll die.

There was an old woman who swallowed a horse,
She’s dead—of course!

sos

 

Finding Nemo? Tell Me What My House is Worth.

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A very simple question, how does the appraiser measure the contribution of an element such as a fireplace?

Is this a subjective process?

Can I have a simple answer??!!

Eureka, we have arrived!  This is what every REALTOR® simply wants to know, the $64,000 question.  The REALTORS® want this to be some easy methodology like: fireplace = $2,000, this one has it, this one doesn’t add $2,000 and done.  Same for granite, same for finished basement, same for hardwoods, same for garage, same for an acre, give me the numbers, plug them in, done!  The gap in understanding between the REALTOR® and the appraiser is the frustrating non-specific specific TRUTH of “IT DEPENDS!

Back up the truck and realize REALTORS® and the public understand that an appraisal is an “… opinion of value” (The Appraisal Institute, 2008) performed by a licensed appraiser.  The misunderstanding starts here in the “…”, and I will go tangential to illustrate and then circle back on topic.

I was involved in a volunteer job help program in the mid 2000’s and the client I was assisting reacted to something I said and he showed me a tattoo on his arm that said, “Money, the root of all Evil.”  Being that I am a huge fan of money as an efficient means of transferring manifested energy and investment, I paused for a moment and commented that I think a few words are missing from the phrase skewing the interpretation and possibly your actions in life.  Depending on the Bible translation you use, I found it to be, “For the love of money is a root of all kinds of evil.” (The Bible, 2017).  I realized that maybe he shortened it for impact and it would otherwise take up too much room, but that is inconsequential to the result. The truth is, when you leave off a few words, or even one, then the whole meaning changes and when the meaning changes, your thoughts change, and when your thoughts change, your actions change and when your actions change, your results change and when your results change, your whole world changes. 

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Returning to real property valuation, the complete definition of an appraisal is, “The act or process of developing an opinion of value” (The Appraisal Institute, 2008).  The “It depends” is due the truth that “It depends”, because the appraiser has to go through the act or process to determine the amount of adjustments, they just can’t count 12 fireplaces in a 3000 GLA area home and make an adjustment of 12 x $2,000 = $24,000 adjustment.  The act or process will determine, by repeatable methods, that the collective actions of the market may only value fireplaces in 3000 GLA homes up to 2 fireplaces and after that, additional ones may even detract from value.  This is where the Sales Comparison Approach is valuable over the Cost Approach. 

By shortening the definition of an appraisal to “an opinion of value”, market participants believe that the appraiser is using a subjective process based on feeling, rather than an objective process based on a processing of data and facts.  Many people and REALTORS® use the subjective processing and thereby make mistakes in market valuation estimates. If the REALTOR® uses the accumulation of intuitive knowledge/data collected from 100’s of transactions, then they become a human computer that is going through a complimentary act or process to the appraisers’ work, as long as it is not subjective or based on inaccurately on feeling.  This is a noteworthy time for a repeat of my earlier post that “REALTORS® are Market Makers and Appraisers are the Referees!” (Straley, 2017).

As for the technical appraisal answer to this simple question, the appraiser will utilize the act or process called “paired set analysis” to find homes that are exactly the same except that one has a fireplace and one doesn’t.  This objective process, based on facts and data, will enable the appraiser to distinguish the appropriate adjustment for the property characteristic.  If a paired set is lacking in sales history of the market, the appraiser can also use a sampling process of closely related/similar sales data using a set with fireplaces and a set without fireplaces and averaging the two sets and finding the difference in the averages.  The larger the sampling and the larger the differences wash out (Martin, 2013).  The smaller the characteristic difference, the harder it is to identify the market value of that characteristic.  I find it much easier to explain on larger elements like a 2 car garage vs. a 3 car garage because the collective market valuation is much more evident.  

bigstock_121114772The cold hard truth is that Nemo is not easy to find and there is no fast track to some quick opinion of value. Finding the objective facts is much more difficult than it looks and agreed, it would be much easier, but less accurate, to just have a subjective opinion. To support that view, simply watch the vetting from a Dragnet scene and you will agree, “Just the Facts, Ma’am” is the best method (Dragnet, 1970’s).  Sure, you can log into 400 websites to “Find What My Home is Worth” and come up with 400 different values and average them all, but you are much better off if you hire an experienced Appraiser and a well educated REALTOR® to help make sense of this complicated process. 

In the REALTOR® category, I suggest you look for a candidate with a degree from REALTOR® University and a certification from the National Association of REALTORS® Pricing Strategy Advisor (PSA) course (National Association of REALTORS® PSA, 2017), there is your Nemo! 

Michael Straley | Go Straley Group of eXp Realty | Stafford, VA. | Lic. in VA | 540-834-6263

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References:

The Appraisal Institute, (2008).  The Appraisal of Real Estate (Thirteenth Edition). 

The Bible, (2017). 1 Timothy 6:10. Retrieved from https://www.biblegateway.com/quicksearch/?quicksearch=root+of+all+evil&qs_version=NIV

Dragnet, 1970’s. Retrieved from https://www.youtube.com/watch?v=zlGWzAaR03Q

Dragnet, 1970’s. Retrieved from https://www.youtube.com/watch?v=AMIZGrgWOO4

Martin, S. P. (2013) Advanced residential applications and case studies (2nd Ed). Laguna Hills, CA: Ashley Crown Systems, Inc.

National Association of REALTORS®, (2017). Pricing Strategy Advisor Certification (PSA). Retrieved fromhttp://pricingstrategyadvisor.org/about/

How -Mom and Dad’s, mom and dad got closer to MOM AND DAD!

I want to share THIER story!!

We all spend a lot of time thinking about children and the younger generation and some of our time thinking about parents.  The need is great to consider NOW how our generations will support each other!  In 2015 the Go Straley Group was fortunate to assist a local family with parents and heritage in transition.

I know a lot of young families move away from home.  Often times, we meet a spouse in college, have job transfers or unique personal opportunities that widen the geographic of the family.  We easily accept the concept of a global community not fully comprehending the unintended consequence.

However, as we grow, and children become adults, parents and grandparents often look around and are not sure of the next step.  My parents are in Pennsylvania and, you got to know, I would do much to bring them to Virginia, if only they could embrace the change.

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As I was saying in the beginning, it was so fun to work with a family that did embrace this change!  The parents’ parents, now great grandma and great grandpa lived in their home for over 40 years and in their community even longer.  It was fun to travel back to the hometown just a few States away for the holidays, but families get busy and as the generations grow their obligations become overwhelming to the immediate family and visiting great grandma takes the toll.

Well GG and GP decided it was time to move and it was a process – and not an overnight decision.  The frequent trips to visit became less frequent, as driving at night becomes a concern and general health needs become more present each day.  Also, it is on the wish list of all loving families, to have more family members close at hand, not only, in case of emergency, but morning coffee sessions too!

So, the process began with information gathering and imagination.  GG and GP had private discussions on values and family and had to consider the likely possibility that they may not depart this world at the same time, so in an Action of Love – began preparing with the thought and later the action.  They began to understand the move to be closer to children might likely be approaching.  This is still not a plan, but a beginning.

 

Garage sales and cleaning out of unwanted and unnecessary clutter was a mission.  It was a great feeling to put things to use, through donations.  Things that sat in the garage, the linen closet, upper kitchen cabinets and more began departing the homestead!  The family became more sensitive to hearing and seeing home style possibilities and, in this case, quickly moved to viewing homes! 

0021One day, GG and GP agreed to look at a community just down the street from the children’s’ grown families and loved the new designs and envisioning where the favorite desk, piano and guest bed would fit.  The carefully analyzed the utility of the baths and the kitchen storage.  The safety and community were explored, as was the HOA representative and neighbors.  The idea became so exciting and real the house was identified within months, inspected, purchased and moving day began.

It was fun to watch the car and trailer full of family heirlooms and precious hobby tools come to Virginia.  There was no rush and the joy of moving was one of nurture and growth and joy.

Today I am ready to revisit – to see if the favorite bookcase found its new home.

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It can be difficult to make life changes and it doesn’t happen overnight, but I bet if your think about it, you might know someone going through this process right now.

Wouldn’t it be nice, to refer your friends and family to a professional you know who is patient and loving and educated about our communities?  Each family has a different priority when relocating parents nearby.  Friends, hobbies, church, location and shopping may all play a part.  In addition, size of home, yard and amenities need to be considered while balancing affordability and time schedules.

Go Straley Group is asking you to consider who you might know now in this lifestyle transition!

Would you please give me a call or text / even a Facebook message to let me know what you think about generational support and dependency?  If you know someone, please actively provide our phone number 540-834-6263 or better yet, call us and we will reach out.

Life changes are big, and you want to refer someone you trust!  In the years of business in our community our integrity, follow through and patience have earned us great references, which we can provide.  Please call and if you like any real estate information or home ideas/assistance let’s talk!  

 Let’s Talk Michael Straley 540-834-6263 or Rebecca 540-379-1949!

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Home Insurance – WHY EARLY?

Buying a home is a simpler process when working with a REALTOR® and yet there are so many items to discuss, it becomes overwhelming at the time of purchase!

Therefore, it is best to comprehend, fathom.  Our goal is to ensure you are thoroughly served throughout your Fathom experience. The home buying experience needs to be digested in small bites.

Most of us are familiar with home insurance but when buying a home is often one of the last items addressed though it is required 100% of the time when a home is financed!

Did you know the home insurance protects the lender first?  and the homeowner second?  When buying home insurance you are protecting real property and that real property is collateral to the lender.  It makes sense, when you have time to think the mortgage hold is listed on the insurance policy.  Therefore choose a lender and then get an insurance quote early in the process.  Some homes and Some borrowers are not insurable?  Really?

There is an insurance credit score.  Insurance scores are actually generated by insurance companies. In order to research your past insurance claim filing history, an insurer has access to two property claim databases – the Automated Property Loss Underwriting System, or A-PLUS, and the Comprehensive Loss Underwriting Exchange, or CLUE.

If a house has had claims filed, it is important to know, during your home inspection study period!  So please take heed and talk home insurance early!  If you wait till closing, as most often prescribed – it may be too late!  You may not receive your loan.  You may not have the ability to purchase the home.  You may not even get your Earnest Money Deposit Back!  Does this sound important to you?

There are other insurances when purchasing a home like home warranty and title insurance which may include survey waivers or encroachment enhancement – things you should know!  Termite and radon and home inspections, oh my!

Bringing you information on the home buying and home selling information is our goal – I will bring you mini topics so you can do a quick read on ALL THINGS REAL ESTATE!