August 2012 Sales

2012 is shaping up to be a good year for home sellers in Virginia. This year Virginia had a 7% growth in sales and when we talk to other agents they tell us they are seeing a recovery also. These numbers are based upon sales as reported by the Real Estate Boards in Virginia.

Each market is different but Bedford VA is going strong. Call Witt-Fogleman for a review for your neighborhood.

1000 Ashland Ave Bedford VA Home For Sale

1000 Ashland Ave bedford VA for sale1000 Ashland Ave Bedford VA Home For Sale

Solid as a rock, this great family Bedford  home is nestled on a hilltop in a great Bedford neighborhood. Let the kids ride their bikes around the circle cul-de-sac or run down to the town pond and go fishing. Lots of room allows for a living room, den and additional family room, all with masonry or stone fireplaces. Lower level can make its own apartment with kitchenette and bathroom in place. One car attached garage off the large circular paved drive – plenty of parking. The kitchen is spectacular – a 4 year old remodel with GE Profile appliances, propane 5 burner cooktop, granite countertops, custom cabinets with pullouts. Large living room with gas log FP, built-in bookshelves. Beautiful hardwoods in living areas/bedrooms. New insulated tilt-in windows throughout. Newer dual zone heat pump. Updated electrical. Large yard with additional land available. Built-in stone BBQ and slate top picnic table – your own getaway! Click here to search for more Bedford VA Homes for sale

 

Exterior Finish (AG) Solid Masonry
Exterior Features Circular Drive, Paved Drive, Landscaped, Secluded Lot, Insulated Glass, Lake Nearby
Styles Split Level
Sewer City
Water City
Roof Shingle
Interior
Full Bath Level 1 0
Half Bath Level 1 0
Full Bath Level 2 1
Half Bath Level 2 1
Full Bath Level 3 0
Half Bath Level 3 0
Full Bath BelowGrade 2
Half Bath BelowGrade 0
Heating System Heat Pump, Propane, Two-Zone
Laundry Basement, Seperate Laundry Rm
Interior Features Apartment, Cable Connections, Ceiling Fans, High Speed Data Aval, Master Bed w/ Bath, Pantry, Plaster, Separate Dining Room
Appliance/Convey Dishwasher, Disposal, Range-Gas, Refrigerator
Flooring Hardwood, Parquet, Vinyl
Basement Apartment, Exterior Entrance, Fireplace, Heated, Interior Entrance, Partitioned
Attic Walk-Up Stairs
Air Conditioning Heat Pump, Two-Zone
Water Heater Electric
Fireplace 3 Fireplaces, Den, Gas Log, Living Room
Miscellaneous
Estimated Taxes $1627
Stories Split (4 Levels)
Garage 11×22 Level: Level 1 Above Grade
Attached Garage 1 Car
Documents on File Disclosure, Lead Based Paint
Schools
Primary School Bedford Primary
Elementary School Bedford Elem
Middle School Bedford Midl
High School Liberty High
Square Footage Information
Est Fin SqFt Level 1 924
Est Fin SqFt Level 2 0
Est Fin SqFt Level 3 0
Above Grade Fin SqFt 924
Est Fin SqFt BelGrde 636
Est UnFin SqFt Total 288
Est Total Finished Sq.Ft. 1560
Lot Sq Ft (approx) 37984 Lot Acres (approx)  0.872 Lot Size Source  (Public Record)
Room Information
Living Room 12×22 Level: Level 1 Above Grade
Family Room 20×12 Level: Below Grade
Den 21×18 Level: Level 1 Above Grade
Formal Dining 11×11 Level: Level 1 Above Grade
Kitchen 12×13 Level: Level 1 Above Grade
Laundry Room 8×4 Level: Below Grade
Master Bedroom 14×11 Level: Level 2 Above Grade
2nd Bedroom 11×11 Level: Level 2 Above Grade
Office 11×8 Level: Level 2 Above Grade

Amazing Bedford Home for sale

Bedford VA real estate,bedford va homes for saleAmazing Bedford Home for sale

First time on the Bedford market in 37 years! Wonderfully maintained Bedford home in quiet neighborhood. Corner lot with meticulous landscaping and no maintenance exterior. Lots of wonderful outdoor living space – large tiled covered side porch with ceiling fan, open deck off kitchen for breakfast, lower level brick patio off of den. Main level living space has hardwood floors, crown molding and chair rails, new custom window treatments that convey. Gas log fireplace in lg living room, built in china cabinets in dining room. 10′ ceilings on main level allow for lots of cabinets in the eat in kitchen. Kitchen has been updated with painted cabinets and new flooring. Upstairs has master suite, 2 generous bedrooms and hall bath. Lower level has full bath, large bedroom and nice family room. Large laundry has exterior door for clothes line access and room for freezer/refrigerator. Lots more storage and workshop area in unfinished lower level – pool table conveys! All Anderson windows, all tinted screens

 

 

Year Built 1962
Exterior
Exterior Finish (AG) Brick
Exterior Features Circular Drive, Paved Drive, Landscaped, Storm Doors, Insulated Glass, Satellite Dish, Undergrnd Utilities
Styles Split Level
Sewer City
Water City
Roof Shingle
Interior
Full Bath Level 1 0
Half Bath Level 1 0
Full Bath Level 2 2
Half Bath Level 2 0
Full Bath Level 3 0
Half Bath Level 3 0
Full Bath BelowGrade 1
Half Bath BelowGrade 0
Heating System Hot Water-Oil, Three-Zone or more
Laundry Laundry Room
Interior Features Cable Connections, Ceiling Fans, Ceramic Tile Baths, High Speed Data Aval, Master Bed w/ Bath, Separate Dining Room, Workshop
Appliance/Convey Dishwasher, Microwave, Range-Elec, Refrigerator, Wall Oven
Flooring Carpet, Vinyl, Wood
Basement Exterior Entrance, Finished, Heated, Interior Entrance, Workshop
Attic Floored, Pull Down
Air Conditioning Central Electric
Water Heater Electric
Fireplace 1 Fireplace, Glass Doors, Living Room
Miscellaneous
Estimated Taxes $1645
Stories Split (4 Levels)
Garage Garage Door Opener, Oversized
Garage 24×24 Level: Level 1 Above Grade
Documents on File Disclosure, Lead Based Paint, Tax Map
Schools
Primary School Bedford Primary
Elementary School Bedford Elem
Middle School Bedford Midl
High School Liberty High
Square Footage Information
Est Fin SqFt Level 1 719
Est Fin SqFt Level 2 718
Est Fin SqFt Level 3 0
Above Grade Fin SqFt 1437
Est Fin SqFt BelGrde 718
Est UnFin SqFt Total 594
Est Total Finished Sq.Ft. 2155
Lot Sq Ft (approx) 21780 Lot Acres (approx)  0.500 Lot Size Source  (Public Record)
Room Information
Living Room 17×12 Level: Level 1 Above Grade
Den 18×13 Level: Level 1 Above Grade
Formal Dining 11×10 Level: Level 1 Above Grade
Kitchen 15×10 Level: Level 1 Above Grade
Laundry Room 13×8 Level: Below Grade
Foyer 8×6 Level: Level 1 Above Grade
Master Bedroom 16×13 Level: Level 2 Above Grade
2nd Bedroom 13×12 Level: Level 2 Above Grade
3rd Bedroom 11×10 Level: Level 2 Above Grade
4th Bedroom 16×12 Level: Below Grade
Porch 22×10 Level: Level 1 Above Grade
Patio 14×14 Level: Level 1 Above Grade
Deck 16×12 Level: Level 1 Above Grade

Location Map








Bedford VA Real Estate

Bedford VA Real Estate

Are you shopping Bedford VA Real Estate? If so, you should know a little bit about the area and some of the people.

Bedford is a great place to live, it is located between Lynchburg VA and Roanoke VA and one could be in either city with just a short drive. If you like the great outdoors than Bedford is for you! Bedford has the Blue Ridge Mountains as it border to the north and Smith Mountain Lake as its southern border. On the east side of Bedford County, along with border with Lynchburg City is the area known as Forest VA. Forest VA is known for its mid-range to Luxury homes and is perfectly situated for those who work in the City of Lynchburg but want the low property taxes of Bedford County.

Bedford Demographics

Bedford County is 769 square miles with 15 miles of water, there are around 67,000 people living in Bedford County and the Town of Bedford VA. There are about 25,000 homes in Bedford VA.

The Bedford County Seat is in the City of Bedford VA (which is reverting to a town status). In Located in town near the Bedford County Courthouse is the Bedford County Public and the City of Bedford Town Hall.

The People of Bedford

 The people of Bedford will take you back in time to a place where everyone waves, They greet you with a hello and ask how you are.. and get this.. they actually care!

So call Witt Fogleman Today to see home in the Town of Bedford or the County of Bedford

 

Multi-Generational Homes in Bedford

Denis Leary

There has been a lot of talk of multi-generational living in the past year or two. We have been seeing this in the Bedford, VA real estate market for a couple of years now. I have thought that, for the most part, it’s been Baby Boomers taking care of their parents. But what I’ve been reading and seeing lately is that there is a huge trend towards adult children living with their parents. With these two situations combined, it is common for 3 generations to live together. I met a young couple recently because they were finally ready to move out of the nest and had been living with their grandmother. But I still don’t think they could afford the rent because I never heard back from them. They’ll be with grandma for a while longer until they find a home with cheaper rent… In this month’s Commonwealth magazine, there is an article about how the average household size is growing for the first time in decades due to the necessity of multi-generational living. This is due to Gen Yers or even some Gen Xers taking longer to leave home or moving back after losing a job. I just had a call from a seller yesterday needing to remove their Bedford, VA listing because their daughter in Connecticut lost her job and will need to move in their basement with her children. It’s a reality. Last night, Dennis Leary was on David Letterman and talking about his 20-something kids have moved back in his house. He talked about how he would never dream of living in his parents’ house after he turned 18 and how, if he or his brother needed a shower and the one bathroom was occupied, they used the hose outside. “My kids,” he said, “are watching MY plasma TV, tweeting on the iPad, playing on their laptops and texting on their phones. When are they going to create a gajillion dollar app so I don’t end up making Ice Age 9?” All jokes aside, he did not seem too terribly put out by the fact they were back in his house. It’s clearly not a socio-economic thing. While Letterman gave him a hard time about it, Dennis noted that a cast member said he had seen an article about multi-generational households in the New York Times. Some societies have been doing it forever. Now it is America’s time to do what it takes to make things work.

 

Open Houses in Bedford VA

Home for sale on Vistarama Bedford VAI love a great open house!  Today, I held an open house at 1310 Vistarama in Bedford, VA.  I had a couple of people come by because they remember what it looked like when Dr. Jennings lived here with his wife and they worked so hard for the community.  She would sew for the local theater and churches and whoever else needed anything.  Such great people, loved by many.  Everyone is overly pleased by the remodel and upgrades in this Bedford VA home.  The entire upstairs was gutted.  New wiring, new brand new red oak floors, handmade molding frame the doorways, gorgeous molding everywhere.  Lots of new but also plenty of character from this well built home, born in 1968.

“Have you gotten an offer on this house yet?” asked one couple who came through.  “Not yet but we had a great showing last week and they have decided between this and one other house.”  I found they are working with another agent, a great motivated agent who I am excited to work with to make this happen!

I had another couple come through, just starting the process of upsizing.  Do we want to build a home in Bedford?  Do we want to move into another existing Bedford property and build at a later time?  “Oh, man,” they said.  “We were really hoping we would hate this place.  But we don’t.  This is a forever house,” they said with a lust in their eyes.  One can love real estate the way they can a person.  Each property is as individual as a person.  We love people, we love real estate.  Moving around Bedford, VA doesn’t take a lot to keep the amenities you’re used to but have more privacy in the county.  For a smaller city, we are blessed by the larger county surrounding us, giving us peace, the mountains giving us support and comfort and still having the convenience of shopping just 5-10 minutes away.

In case you missed the 1310 Vistarama open house this Sunday, call me, Wendy Witt, or your real estate agent for your appointment.  I always knew you wouldn’t be disappointed.  Now I have the feedback of a good 10 people who agree.

 

 

 

Reducing the price of your Bedford VA Home for sale

Logo of the National Association of Realtors.Deciding when to drop the listing price of your Bedford Home for sale is difficult because it depends on the many factors  and not just the Bedford market.  There’s no one formula that will work across the board.  However, there are guidelines that we use for most homes in Bedford.  Here are a few standards.

When the feedback says “It’s too high!”

If the Bedford agents and buyers are coming back with pricing suggestions or verbal offers, and those are in line with the comps your priced above, then you’re priced to high.  That’s the point you should drop the price.  Don’t wait for “the perfect buyer” to come along – it’ll never happen.  You’ll increase the chances of a sale by dropping it immediately.

When you haven’t had a showing in 30 days

With the exception of open houses, which don’t count, if you haven’t had a call to either preview with an agent or show a client. The National Association of Realtors says 10 days without a showing means to lower the price. Bedford is a little slower than the rest of the market.  But 30 days without a showing means something needs to change. Regardless of the price range, if you’re not getting at least one showing a month, the price is too high.  If it’s priced right, you should be getting a lot more showings.  How much to drop depends on the property but drop it enough to get showings.

When a similar property sells for less

If a property in the same market that is a good comp sells for less than your asking price, drop the list price to capture buyers who were looking at that other property. If you want a little negotiating room, fine, but come to within 2% of the other listing price as soon as that home goes to “pending sale” status.

When the last price drop was 90 or more days ago

If the last price reduction was 90 or more days ago and you don’t have a serious buyer on the hook, drop the price.  Even if a buyer is considering the property, drop the price.  Dropping the price will engage more buyers and existing potential buyers will be motivated to write an offer before someone else does.  I’ve seen sellers sit on properties for months while potential buyers make up their mind.  The result:  wasted time and opportunities.

Lets face it, the longer a  takes a home to sell the less money the owners will get. Meanwhile they have to maintain the house, make payments, do upkeep, keep it in show able condition. Further eating away equity. Price it right to begin with and the home will sell!

The Realty Group Becomes Keller Williams

The Realty Group in Lynchburg is now Keller Williams Lynchburg!Keller Williams Logo

Teresa Polinek made the announcement during a sales meeting. Realty Group agents have been waiting for some time to hear the great news! We have so pleased to become KW and to use their systems in the Lynchburg area. Keller Williams provides unsurpassed technology and training for each agent. Last year, Keller Williams team up with Market Leader to develop eEdge as a website, CRM , and back office tool. Making transactions seamless for Lynchburg home buyers and sellers.

The Realty Group has been serving Lynchburg, Forest, and Bedford County home owners for many years. Teresa Polinek and Tina Friar have been two of the top performing Realtors in Lynchburg for the last 10 years. They started out with just the two of them and now have over 40 agents plus support staff.

The Witt Fogleman Team has been awarded a Mega Agent Office status by Keller Williams Realty International. As part of the mega agent office, Witt Fogleman team will become part of the Keller Williams Lynchburg office.

The Witt Fogleman Team are some of Bedford top producing agents. The help people wanting to sell homes in Bedford, Lynchburg, and Roanoke VA and also help people wanting to purchase a home in Bedford, or purchase a home in Lynchburg and in Roanoke.

Keller Williams Realty International helps agents have careers. Their goal to for each agent is to have a life by design. Keller Williams also understands buyers and sellers work with agents not a franchise. Therefore they allow each agent to brand themselves.

Each Keller Williams franchise is independently owned and operated. Keller Williams Lynchburg is all locally owned.

Buyer Broker agreements are a new Virginia Law

Photo of the Virginia State Capitol before ren...

Effective June 1, a new Virginia state law requires a buyer broker agreement or a notice of non-client representation!

When discussed, council for the Virginia Association of Realtor stated, there has been way too many issues recently. We all know the last couple of years the market has been tough. People who are unhappy with their situation have been trying to take it our on their REALTOR via a legal process. Therefore, it is the opinion by those in power to make it a requirement to have buyers sign a brokerage relationship in order for any agent to perform any activity.

If a potential buyer wants to see a house, they will have to sign a brokerage agreement or a non client agreement. If a potential buyer refuses to sign an agreement or a non-client representation agreement, and an agent shows them a house, that agent would be in violation of Virginia State law!

Basically what this means is either you are or are not being represented by a Bedford agent who is showing you a home. If you are being represented, then the Bedford agent works for YOU! The agent can recommend price, negotiate on your behalf, they look out for your best interest. Whatever you tell them stays private. If you do not sign a Bedford buyer broker agreement, then the agent showing you the homes works for the seller , they can not recommend anything but full price, they can disclose anything to the sellers.

So, who do you want to represent you in Bedford? A Bedford Buyers agent or the guy working for the selller?


Home Inspections in Bedford

Recently we had Tim Gardner from Inspecx, Inc. do an inspection for one of our listings. Here is a portion of his report and we thought it would be a great way for people to understand inspections.

 

What You Can Expect From This Inspection Report
This inspection report is a reasonable effort to disclose the condition of this property as it existed on the day of
inspection, and is conducted in accordance with the National Association of Certified Home Inspectors (NACHI)
Standards of Practice and Code of Ethics. An inspection report cannot reveal information on concealed items or
items the inspector was unable to access and inspect. Reliance on this report, in whole or in part, for any reason
whatsoever, constitutes acceptance of the terms of the addended inspection agreement.
The following pages are a compilation of the inspector’s findings. Each category contains a brief description of
the type of system or structure, what is included in the inspection of that category and if there were any major or
minor conditions to note. For example, the Exterior category contains items such as: windows, doors and trim.
Check each description prior to reviewing the findings.
When items are rated the categories are as follows:
• A No Visible Defects rating should give satisfactory service within the limits of its age.
• A Monitor rating is generally cosmetic and repair is optional.
• Attention/Maintenance Recommended is considered normal upkeep.
• A Marginal rating is considered less than satisfactory and may soon need repair.
• A Recommended Upgrade will result in improved service or greater safety.
• A Defective-Relevant rating is a major concern generally considered to be significant and / or poses a
safety hazard; and may have relevance to the contingent conditions of the real estate contract. This
condition requires immediate attention. A licensed contractor should be consulted to evaluate the system
and the inspector’s findings; and to provide an estimate for necessary repairs.
The inspector may make recommendations to upgrade specific items or systems. (For Example: Upgrade
bathroom or kitchen receptacles to ground fault interrupter receptacles.) These recommendations are often
intended to improve a system or item with newer products and technologies.
All of the inspector’s findings are approximations and not a definitive answer. It is impossible to predict exactly
how long a system will last. Any estimate of cost to repair is an approximation for budgetary purposes only.
The two most common concerns expressed by buyers in the aftermath of a home inspection are: “Which items
are the sellers required to repair?” and “What if the sellers won’t address these problems?”
The first point every home buyer must understand is that a home inspection report IS NOT a repair list for
the sellers.
The only exception to this rule applies to new construction homes, where the builder or contractor must provide a
finished product free of defects. With used homes, inspection reports provide information for the home buyers,
rather than directives for sellers. This does not mean that buyers cannot submit repair requests to sellers, but such
requests are negotiable; not legally binding upon the sellers. Repair requests can and perhaps, should be made, but
with the understanding that most sellers have rights of refusal.
With this ground rule in place, buyers should divide the inspection findings into three distinct categories:
1. Legally mandated repairs: Some conditions require repairs in accordance with state laws or local
ordinances. Common in many areas are requirements to upgrade smoke detector placement, or to comply
with various building and safety standards. Such items are non-negotiable and must be addressed by the
sellers.
2. Contractually mandated repairs: Some conditions are specified for repair in the real estate purchase
contract. Common are stipulations that:
• All building components are in safe working condition.

• Plumbing leaks are repaired.
• Structural problems are corrected.
• The roof be made free of leaks.
Contractual agreements of this kind are binding upon sellers. However, the seller’s obligation may be
limited to a dollar figure, above which, the seller has the right to refuse to make the repairs. If the Seller
refuses to make repairs the buyer thinks are necessary, the buyer must then decide whether to accept the
dollar figure limit in the contract and accept the property in its present condition, or terminate the contract
and receive a refund of the earnest money (offer deposit). The Roanoke Valley Association of Realtors
Purchase Agreement, Paragraph 14 and Paragraphs F, G, H & I of the Standard Provisions section,
address these conditions and requirements. Remember, all property defects are negotiable; buyers should
carefully evaluate these according to importance. Vital repairs are generally regarded as reasonable repair
requests. Examples of these repairs include a defective furnace or heat pump, a substandard chimney, and
faulty electrical wiring. Although sellers are not obligated for such corrective work, most reasonable
sellers will agree to address conditions of this kind, either by making repairs or by adjusting the sales
price of the property. Even though sellers are not required to make these repairs, buyers should feel
comfortable requesting that such corrections be completed.
3. Conditions of minor concern: Finally, there are common property defects which should be regarded for
disclosure purposes only and which buyers should accept as conditions to be repaired after the sale.
Examples are numerous and include rotted fence posts, peeling paint, rubbing doors, cracked pavement,
worn carpet, unextended downspouts, etc. These “deferred maintenance” items are usually visible and a
diligent buyer would have noticed them before going to the contract stage, and made an offer accordingly.
The key here is Don’t Nit-Pick. You need to know about these items, but you, the buyer, are
responsible for correcting them.
These three standards should be applied, when reviewing this inspection report, as a means of separating repairs
to be requested from conditions to be accepted. Most sellers are honest and are often surprised to learn of defects
uncovered during an inspection. No home is perfect. Keep things in perspective. Don’t ruin your deal over things
that don’t matter. It is inappropriate to demand that a seller address deferred maintenance, conditions already
listed on the seller’s disclosure, or insignificant items.
At this point, you and your agent should formulate a letter of request and submit it to the sellers. A wise approach
for structuring this letter is to state that some defects will be accepted in “as is” condition. Listing the items to be
accepted is a good strategy for negotiation. Itemizing the accepted defects demonstrates a willingness to be
reasonable, rather than demanding. The letter should then list the items for which repairs are requested, beginning
with conditions required by law or by contract, and concluding with the items that are subject to the sellers’
approval.
Thank you for selecting Inspecx Home Inspection Services. We have made every effort to make this report as
comprehensive as possible. If you do not understand any part of this report, please do not hesitate to call our
office at 540-297-7733