Mike May, Realtor 804.731.0111 Mike May, Realtor 804.731.0111
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Blog Posts by Mike May

Posts filed under Blog Posts by Mike May



Buyer Demand Surging as Spring Market Begins
Posted Thu, Apr 18th 2019 11:44 am
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last deca...

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7 Things You Should Never Flush If You Have a Septic System
Posted Tue, Apr 16th 2019 1:10 pm
Just because something fits into your drain, is chopped up by your garbage disposal or disappears down your toilet once you flush doesn't mean it belongs there. This is especially true if you have...

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7 Things You Should Never Flush If You Have a Septic System
Posted Tue, Apr 16th 2019 1:10 pm
Just because something fits into your drain, is chopped up by your garbage disposal or disappears down your toilet once you flush doesn't mean it belongs there. This is especially true if you have...

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Mortgage Rates Tick Up as the Spring Selling Season Hangs in the Balance
Posted Thu, Apr 11th 2019 12:43 pm
Rates for home loans edged up after reports showed the economy was shrugging off its winter sluggishness. The 30-year fixed-rate mortgage averaged 4.12% during the April 11 week, mortgage guaranto...

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How to Lower Closing Costs: A Guide for Home Buyers
Posted Tue, Apr 9th 2019 11:47 am
If you're buying a house, you might wonder how to lower your closing costs—a daunting list of fees that accompany a home purchase. On average, typical closing costs can total anywhere from 2% to 7...

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Home Prices Have Reached Record Highs—Despite the Housing Slowdown
Posted Thu, Apr 4th 2019 11:55 am
The housing slowdown that has given hope to price-squeezed buyers, struck fear into the hearts of sellers, and captivated real estate aficionados from coast to coast appears to have taken a break. ...

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Homebuyers Shouldn’t Worry About 2008 All Over Again
Posted Tue, Apr 2nd 2019 2:09 pm
Last week, realtor.com released a survey of active home shoppers (those who plan to purchase their next home in 1 year or less). The survey asked their opinion on an impending recession and its pos...

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2930 Wilderness Drive: Prestigious Ranch Home in Desirable Waterford Landing!
Posted Tue, Apr 2nd 2019 9:01 am
2930 Wilderness Dinwiddie, VA MLS# 1909746 - Single Family Welcome to 2930 Wilderness Drive! Located in one of Dinwiddie County’s best kept secrets - desirable Waterford Landing - a waterfr...

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How to Put Your Housing Cost to Work for You
Posted Thu, Mar 28th 2019 10:04 am
There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home ...

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How Much Is Capital Gains Tax on Real Estate? What Homeowners Need to Know to Avoid It
Posted Tue, Mar 26th 2019 10:28 am
What is capital gains tax? This is a prime question that might crop up when you sell your home for more than you paid for it. That's good news for you, but the downside is, you may have to pay taxe...

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As the Housing Market Shifts to Favor Buyers, This Remains the Biggest Hurdle
Posted Thu, Mar 21st 2019 1:43 pm
The recent slowdown in the housing market has been a boon for buyers. Since last summer, more properties have come onto the market; mortgage interest rates have dropped; and the rate of home price ...

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Top 15 Home Features That Will Sell Your Home Fast—and for More Cash
Posted Tue, Mar 19th 2019 1:51 pm
It's one of the (many) high-stakes gambles of homeownership: that awesome new feature or design improvement you've been wishin' and hopin' (and of course savin' for) to add for your family might ul...

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Happy St. Patrick's Day!
Posted Fri, Mar 15th 2019 10:13 am

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Mortgage Rates Skid to Lowest Level in a Year
Posted Thu, Mar 14th 2019 12:49 pm
Mortgage rates skidded last week to the lowest level in a year. Freddie Mac said the 30-year benchmark mortgage rate fell 10 basis points to 4.31% in the week ending March 14. The 15-year fixed r...

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What’s Going On with Bidding Wars?
Posted Tue, Mar 12th 2019 12:23 pm
In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the ...

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Don't Forget to "Spring Forward" this Weekend!
Posted Fri, Mar 8th 2019 1:15 pm

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Can't Afford to Buy a Vacation Getaway? Try Buying a Fraction of One
Posted Thu, Mar 7th 2019 12:28 pm
Annie Bone owns a three-story house in San Francisco—and two-eighths of a one-bedroom apartment on the Upper West Side of Manhattan. A frequent traveler to New York City, Bone, 78, took advantage ...

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U.S. New Home Sales Rose in December
Posted Tue, Mar 5th 2019 12:57 pm
WASHINGTON—Sales of new homes in the U.S. rose in December, closing a weak year for the housing market. New-home sales increased 3.7% from a month earlier to a seasonally adjusted annual rate of 6...

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5 Sweet Tax Deductions When Selling a Home: Did You Take Them All?
Posted Thu, Feb 28th 2019 12:01 pm
You may be wondering if there are tax deductions when selling a home. And the answer is: You bet! But there's also a new tax code—aka the Tax Cuts and Jobs Act—causing quite a bit of confusion thi...

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8429 Jordan Heights Ln: Move-In Ready 4 Bedroom Home in Desirable Lake Jordan!
Posted Wed, Feb 27th 2019 3:47 pm
8429 Jordan Heights Dinwiddie, VA MLS# 1905814 - Single Family Introducing 8429 Jordan Heights Lane in North Dinwiddie VA! Lovely two-story home located in desirable Lake Jordan that includ...

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