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info@jenkinsrealestategroup.com

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Easily Repairable Inspection Problems

Over the last two years, our friends at U.S. Inspect have identified nearly one million inspection issues. Below is a list of the top 10 they see most often, several of which are a safety concern.

Many of these problems can be easily identified and repaired before you list your home with us, saving you hundreds or even thousands of dollars in post-contract repair costs. Please consult your Jenkins Real Estate Group Realtor® for more information about this important topic.


Top 10 Inspection Issues

  1. A standard receptacle is installed in a location that mandates a GFCI device.

  2. A light fixture is inoperative.

  3. The gutter’s downspout extension is missing. Downspout extensions are required to carry away roof run-off water from the foundation.

  4. The range/oven’s anti-tip device is missing or improperly installed. This may allow the appliance to fall forward.

  5. Some of the home’s wood trim has deteriorated.
    This allows moisture to enter the home and may cause hidden damage behind the trim.

  6. The toilet base is loose. This can lead to leaks which may cause hidden water damage to surrounding areas.

  7. One or more windows have a failed insulated glass seal.
    This allows condensation stains to develop between the glass panes and may compromise the visibility, appearance, and insulation value of the window. Replacement of the insulated glass unit, the sash, or the entire window assembly is usually required to correct this problem. If you’re the original homeowner, many quality window manufacturers have warranties that may cover this problem.

  8. Carbon monoxide detectors are missing. If the home has fuel-burning appliances, which emit CO (carbon monoxide), or an attached garage that’s connected to the living space a CO detector may be required.

  9. A receptacle is loose in the wall or in its junction box. This may damage or loosen the wire connections.

  10. Caulk or grout is deteriorated or missing around the tub/shower area. This may allow water penetration behind the surface, which can cause hidden damage.

Posted in: Market News

Six Upgrades Buyers Want in the COVID-19 Era

If you imagined 2020 was the year you would finally list your house for sale, you may have hit the brakes on those plans when the coronavirus pandemic arrived.

But now, we’re more than six months into the COVID-19 era with no clear end in sight. As many people continue working and logging in to school from home, the real estate market is again heating up with buyers eager to upgrade to a new home.

So stop putting it off: Now is the time to step on the gas in preparing your home to sell. We talked with experts to learn which home improvements will hit the right note with buyers during the pandemic (and beyond).

1. Upgrade your outdoor space

Most of us are suffering from an acute case of cabin fever these days. It’s little wonder that outdoor space has become more important than ever to prospective buyers. “Even pools are becoming more popular in areas where they weren’t before,” says Bill Walker, chief operating officer of Kukun, a web resource for home improvements.

That doesn’t mean you need to splurge on a new in-ground pool; even a minor landscaping refresh can make a big difference and increase curb appeal. Depending on your budget and your neighborhood, you might also consider adding an in-ground fire pit or outdoor kitchen to maximize your outdoor space. For the other five upgrades, click the source link below.

Source: realtor.com

Posted in: Market News

Mortgage Rates Fall Again, Average 2.91%

Mortgage rates remain near all-time lows, and many economists believe they will stay for the remainder of this year and well into next year.

“This year has been anything but normal and as the uncertainty lingers, mortgage rates remain” low, says Sam Khater, Freddie Mac’s chief economist. “These rates continue to incentivize potential buyers and the home-buying season, which shifted from spring to summer, will likely continue into the fall.”

The Federal Reserve this week announced the adoption of a more flexible policy to achieve inflation that averages 2% over time. “This significant change can keep interest rates low for longer periods, which could translate into both long periods of cheap mortgages and a strong job market,” the National Association of REALTORS® said in a statement. “More and more home buyers and homeowners are expected to take advantage of these ultra-low rates.”

Freddie Mac reports the following national averages with mortgage rates for the week ending Aug. 27:

  • 30-year fixed-rate mortgages: averaged 2.91%, with an average 0.8 point, dropping from last week’s 2.99% average. The 30-year fixed-rate mortgage hit an all-time low of 2.88% at the beginning of this month. A year ago, 30-year rates averaged 3.58%.
  • 15-year fixed-rate mortgages: averaged 2.46%, with an average 0.7 point, falling from last week’s 2.54% average. A year ago, 15-year rates averaged 3.06%.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.91%, with an average 0.2 point, unchanged from last week’s average. A year ago, 5-year ARMs averaged 3.31%.

Freddie Mac reports average commitment rates along with average fees and point stop reflect the total upfront cost of obtaining the mortgage.

Source: REALTOR® Magazine

Posted in: Market News

Homes Are Going Under Contract in Record Time

Contract signings posted another big jump in July, the National Association of REALTORS® reported Thursday. This marks three consecutive months of growth as markets continue to roar back after facing initial closures from the COVID-19 outbreak this spring.

Pending home sales are now up 15.5% year over year. Each of the four major regions of the U.S. saw increases in pending home sales, both month over month and annually. And NAR Chief Economist Lawrence Yun said there are no indications that contract activity will wane anytime soon, particularly in the suburbs.

“We are witnessing a true V-shaped sales recovery as home buyers continue their strong return to the housing market,” says Yun. “Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”

NAR’s Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings, increased 5.9% in July over June’s numbers. The index reached a reading of 122.1 in July. (A reading of 100 on the index is equal to the level of contract activity in 2001.)

With nearly all states now at least partially reopened since the start of the COVID-19 pandemic, the housing market is facing a “robust activity from pent-up demand,” according to NAR’s index. Pending home sale increases were led in July by a 20.6% year-over-year uptick in the Northeast, followed by a 15.4% annual increase in Midwest, 14.9% annual increase in the South, and a 13.2% increase in the West.

Yun forecasts existing-home sales to reach 5.4 million this year, a 1.1% increase over 2019. By 2021, he predicts existing-home sales to reach 5.86 million, buoyed by an expanding economy and continued low interest rates. The 30-year fixed-rate mortgage is expected to remain low next year, averaging 3.2% in 2021. Yun also expects housing starts to grow, averaging 1.35 million in 2020 and increase to 1.43 million in 2021.

“Anecdotally, REALTORS® are telling me there is no shortage of clients or home seekers, but that scarce inventory remains a problem,” Yun says. “If 20 percent more homes were on the market, we would have 20 percent more sales, because demand is that high.”

Source: National Association of REALTORS®

Posted in: Market News

Featured Listings

2133 Withers Lane
$1,750,000
  • 7 Bedrooms
  • 7 Bathrooms
  • 8,060 Sq Ft
  • 3.248 Acres

2133 Withers Lane Maidens, Virginia

View Property

7233 Pointe Place
$1,299,950
  • 5 Bedrooms
  • 4 Bathrooms
  • 7,832 Sq Ft

7233 Pointe Place Hanover, Virginia

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10690 Skippers Street
$685,475
  • 4 Bedrooms
  • 4 Bathrooms
  • 2,926 Sq Ft

10690 Skippers Street Glen Allen, Virginia

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8330 Cypress Pond Lane
$607,950
  • 4 Bedrooms
  • 3 Bathrooms
  • 2,821 Sq Ft

8330 Cypress Pond Lane Chesterfield, Virginia

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4830 Melbrook Way
$607,950
  • 4 Bedrooms
  • 3 Bathrooms
  • 2,897 Sq Ft

4830 Melbrook Way Moseley, Virginia

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10357 Colony Bee Place
$529,950
  • 4 Bedrooms
  • 4 Bathrooms
  • 3,076 Sq Ft

10357 Colony Bee Place Mechanicsville, Virginia

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2785 Sanctuary Commons Court
$450,019
  • 4 Bedrooms
  • 3 Bathrooms
  • 2,756 Sq Ft

2785 Sanctuary Commons Court Henrico, Virginia

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1400 Bobbiedell Lane
$448,950
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,404 Sq Ft
  • 0.353 Acres

1400 Bobbiedell Lane Henrico, Virginia

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9432 Wild Rose Court
$439,950
  • 4 Bedrooms
  • 3 Bathrooms
  • 2,176 Sq Ft
  • 0.208 Acres

9432 Wild Rose Court Mechanicsville, Virginia

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2917 Goldeneye Lane
$431,350
  • 4 Bedrooms
  • 4 Bathrooms
  • 2,448 Sq Ft

2917 Goldeneye Lane Henrico, Virginia

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2801 Heather Ridge Drive
$431,350
  • 4 Bedrooms
  • 4 Bathrooms
  • 2,448 Sq Ft

2801 Heather Ridge Drive Henrico, Virginia

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5950 White Oak Road
$425,000
  • 4 Bedrooms
  • 3 Bathrooms
  • 2,600 Sq Ft
  • 2 Acres

5950 White Oak Road Henrico, Virginia

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Testimonials

We lucked out in finding the Jenkins Real Estate Group. From our initial search to construction to closing, our Realtor® was there every step of the way. This was our first home buying experience and it was great having them on our side. We highly recommend this great group of professionals.

Christopher and Vanessa Reed

My wife and I had a fantastic home-buying experience with Jenkins Real Estate Group. Our Realtor® took the time to carefully listen to our needs and helped us find a beautiful home that fit our family perfectly. Thanks to his help, selling our home was even easier. Not only did they sell our home quickly, but they also sold it for the exact price they estimated.

Neal and Heather Lewis

The Jenkins Real Estate Group is a friendly, accommodating, and hardworking team of professionals. They diligently searched for properties that would meet our needs and were always available to answer any questions or concerns. We were so pleased with the homebuying experience that we recommended them to a relative who was equally pleased.

Grady and Sandy Johnson

I highly recommend the Jenkins Real Estate Group to anyone selling their home. In addition to listing my house on their website, they advertised it frequently in the local paper and held several open houses for maximum exposure. As a result, our Realtor® sold my house in a reasonably short time.

William Shiring

The Jenkins Real Estate Group truly went the extra mile in selling my home. Their determination and attention to detail are unparalleled. Utilizing a combination of mass mailings, open houses, the MLS, and networking, our Realtor® was able to sell my home very quickly. I can’t think of anyone else I would want to represent me–now or in the future.

Mike Palmen

My wife and I were extremely pleased with the Jenkins Real Estate Group. Their staff is honest to a fault and our Realtor’s® advice was right on the money. Plus, he followed through, offered timely and accurate suggestions, and took the initiative to solve any problems that arose. But most importantly, he sold our house quickly in a very tight market.

Doug and Betsy Frazier

I’ve been a home builder for 36 years and have never seen a market this tough. I recently hired Jenkins Real Estate Group to market 23 home sites that hadn’t moved in 15 months. They immediately modified our marketing plan, netting us two sales in the first 30 days, and we are negotiating three others! Needless to say, I am extremely impressed.

John H. Leland, President of Leland Homes Inc.

As first-time homebuyers, we fully expected the stress and horror stories often related to the home buying process. However, the Jenkins Real Estate Group dispelled any such experiences. They are true professionals that are caring, informative, and always available to answer any questions.

D. Lisa Jackson and Vilma Alejandro

The service and personal attention we received from Jenkins Real Estate Group were exceptional! They sold our house after another Realtor® couldn’t. Then, they helped us find our dream home. We couldn’t have asked for a better Realtor® to guide us through the process.

Jeff and Angela Phenicie

Being active military, I’ve moved a few times and I’ve worked with my share of Realtors®, but nobody comes close to Jenkins Real Estate Group. I don’t know how they do it, but they make every client feel like they are their ONLY client. I don’t ever want to move again, but if I do I know who to call.

Joe Poppa

The entire process was very smooth and we couldn’t have asked for a better Realtor®. Your staff was great to work with. Thanks for everything!

Gordon and Bonni Mundie

The Jenkins Real Estate Group masterfully listed and marketed our property in an already competitive neighborhood. Our house sold within two days at our asking price appraised at value, and the team stayed in constant contact every step of the way. In the real estate world, it doesn’t get any better than this!

Chad Campbell

My overall experience with the Jenkins Real Estate Group was comfortable and friendly. I couldn’t be happier.

Nadine Seay

The Jenkins Real Estate Group is the BEST real estate company we’ve worked with. Their attention to detail, and availability to answer any questions, were outstanding! This is a great group of people to work with.

Oliver and Towanda Lee

The Jenkins Real Estate Group was exceptional! The whole team was wonderful to work with and I got exactly what I wanted; when I needed it; and for the price I was willing to spend. I will be forever grateful to Brandon and his team for making my home buying experience simple and painless!

Kayla Blair

Recent Blog Posts

  • Easily Repairable Inspection Problems
  • Six Upgrades Buyers Want in the COVID-19 Era
  • Mold Awareness Month

About Us

The Jenkins Real Estate Group is a team of real estate agents located in Mechanicsville, Virginia, and representing Long & Foster. We offer a creative, honest, and caring approach and have helped hundreds of clients buy and sell their homes in record time and with minimal stress. Call us today and find out why we’re one of the fastest-growing real estate companies in the Richmond area.

Jenkins Real Estate Group

9200 Center Oak Court, Mechanicsville, VA 23116

804.238.4704
info@jenkinsrealestategroup.com
Licensed in the Commonwealth of VA
© 2023 Jenkins Real Estate Group. All rights reserved. Designed by Idea Lynx. Custom Coding by Sridhar Katakam

 

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