Williamsburg Real Estate and Homes Guide

Heres a compilation of the local area tax information and budgets.  Property tax rates in the Williamsburg VA area appear to be holding for 2010.  Property is taxed at 100% of assessed (not appraised) value.  We do not have a separate school tax in the Williamsburg area.  The city of Williamsburg is it’s on entity.  [...]

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A Realistic Evaluation
Your real estate agent’s job is to find you the perfect home, in the right location, with all the amenities you want–and at the right price. It is the home inspector’s job to find any skeletons in the closet — or in the plumbing, wiring, roof, basement and beams.
The inspector won’t pass or [...]

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A Tough Sale
Here is a situation that many buyers have experienced. After searching for weeks, you found the perfect home and you made a very low offer. The sellers responded with a counter-offer which was several thousand dollars lower than their asking price. You came back with a slightly higher bid, and they came down [...]

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Capital Gains Exemptions
If you recently sold a home without meeting the basic ownership and use criteria for waiving capital gains tax, you might still be able to claim reduced exemptions if you meet certain other criteria.
Homeowners who had to sell because of a change in place of employment can qualify for reduced tax. You must [...]

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Tax Breaks
Most homeowners are keenly aware of the interest tax deduction on their home loan, but there are many other tax breaks which are often overlooked at income tax time.   Pro-rated property taxes and mortgage interest in the year of sale are deductible. You will find these amounts listed on your closing settlement statement. [...]

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2008 saw many changes and challenges in the Williamsburg real estate market.  Many agents have left the business, which has been  cathartic.   The industry became bloated with to many “licensed” but poorly trained agents who really didn’t take the business seriously.  While training, support and talent have allowed some brokerages to flourish (like EXIT [...]

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Time to start planning for the Christmas Holidays in Williamsburg.  2008 looks to be a wonderful year to once again spend Christmas in Williamsburg.
Christmas Parade: Annual community Christmas Parade, sponsored by the Williamsburg Area Chamber of Commerce. The parade features 100 entries including floats and marching bands and begins at Merchants Square in the historic [...]

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Last night we attended the Williamsburg Area Chamber of Commerce Oktoberfest 2008.  We’ve attended this event for years.  It’s held at night at Busch Gardens Williamsburg.  The park is closed for the party.  They leave a couple roller coasters and rides running and the ‘games of chance/skill’ are still open.
The ticket gets you admission, parking, [...]

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The Money Magazine has awarded the City of Williamsburg area for the quality of life.

Williamsburg VA was chosen as one of the Top 100 best places to live.

AND winner of the 2006 Best Places to Retire.

Place
: Williamsburg VA

Environment
:  College Town, Resort destination

City Population
:  10,000-25,000

Median age of Population
:  25-44

Avg Jan Temperature
:  21-40

Median HH Income
:  41,001-60,000

Average Home Price (MLS)
:  $300,001-$500,000

Annual Property Tax on [...]

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The local paper, The Virginia Gazette, picked up the Ford’s Colony article I wrote in August on this Blog!

Troy Deierling, Realtor
EXIT Realty Deierling & Assoc.
Williamsburg, VA
(757) 715-4793 Mobile
Licensed in the Commonwealth of Virginia

www.RealEstateWilliamsburg.com
www.WilliamsburgBroker.com
“Bringing you Home to Williamsburg”

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