From a TKP Sponsor: NRV's Nest Realty

Disclosure: This is a paid post sponsored by Nest Realty SWVA.

One thing we love about being based in the heart of Hokie Nation is how tight knit this community is, and how willing everyone is to help each other. This empathy and teamwork are sentiments we also embody at Nest Realty. We're a small real estate firm located in the heart of Blacksburg that, like the Hokies, is going to get up, show up, and get it done, each and every time. Whether you're buying or selling in the New River Valley, we know this is one of the most important decisions you'll ever make, and we'll work to help you manage it from start to finish.

There's countless information out there for you to comb through — some of it good, and a lot of it bad — and we've found ways to turn that firehose of information into manageable insight and guidance. As a homebuyer, our agents can help you find what you're looking for and make this a unique and personalized experience so you can relax into the home of your dreams. And as a seller, our unique use of the available tools at our disposal means our properties demonstrably sell faster, and for higher dollars, than the rest of the MLS.

Since opening here in 2011, there has been nothing more fulfilling than helping the people of the New River Valley move joyfully and effortlessly into the next chapter of their lives. We encourage you to reach out to us, even if just to say hi, and join our Nest Family as well! There's always room for one more on our team.

Please let me know if you have any questions about real estate in Blacksburg, the New River Valley, or the markets in general. I'm happy to answer them below.

Go Hokies!

Jeremy Hart
Principal Broker
Nest Realty
540.443.6100
NestRealtyNRV.com

Comments

Best in the NRV!

I got you, fam

also:

Just make sure you paste the gif URL and not the link to the tenor page showing your gif. Right click on the image and copy image location/address and paste that.

Warning: this post occasionally contains strong language (which may be unsuitable for children), unusual humor (which may be unsuitable for adults), and advanced mathematics (which may be unsuitable for liberal-arts majors)..

Whew - thank you. Was pretty sure we were gonna get bounced on our first reply.

Go Hokies!

Someday it would be nice to have a getaway down there in the NRV and get back to having season tickets.

Whatever. It was one bad year.

Seasonal Brew means High ABV for football season and standard the rest of the year.

Word on the street is that the cardboard cutouts have first priority next season.

How is the condo market there now with so many kids not on campus?

This is going to be great for the ACC.

Honestly? Same as last year. 55 condo sales through October 7 of last year, for an average price of $182k, with 51 this year for an average price of $189k.

In the middle of a pandemic. Makes sense, right?

In the middle of a pandemic. Makes sense, right?

well, yeah, right? Because interest rates are super low

It's always darkest before the dawn ~ Thomas Fuller

Wish I was in need of a realtor in the NRV. Would love to get back to the area. Alas, probably have to wait until our daughter goes off to college and the wife and I are retired (or semi-retired as I don't think I ever want to fully retire). Good luck with the business there. Maybe I can look you up in 7 years or so :-).

Recovering scientist working in business consulting

We'll be here when you're ready :)

I want to talk interest rates, how long do you forsee them staying this low? I just built a home last year and ended up with a higher than optimal rate on my first time home loan and was curious how long people feel the interest rates on home loans will stay at the low they're currently at?

Directions from Blacksburg to whoville, go north till you smell it then go east until you step in it

+1 to this question.

I'm seeing houses in my neighborhood go for $150K+ over what I paid 4 years ago and I feel like I can't miss out on that opportunity.

Wouldn't be able to sell until March or later as I have a renter, wondering if we'll still be talking historically low rates at that point.

Hokies United l Ut Prosim

We kicked that around as well as sellers in my neighborhood are seeing huge gains on houses bought just a few years ago, the problem is that they are just handing those gains over when they buy because all the dang housing prices have blown up. Now is great to be a seller as long as you don't need to buy.

Whatever. It was one bad year.

Seasonal Brew means High ABV for football season and standard the rest of the year.

Exactly right!

True - but my plan is to move from Alexandria to RVA. DC area has a lot of perks but its just too expensive.

Hokies United l Ut Prosim

And HammerTime too ...

This is probably the question we get asked the most right now. Fed Chair Jerome Powell is talking about a decade-long climb out of this, and has already said they're going to be keeping short-term interest rates abnormally low for the next few years - let's just call it 24 months. Mortgage rates aren't short-term, but they're going to follow a similar path, we think. The Fed wouldn't keep short-term rates low and let mortgage rates climb, so expect them to stay really, really low. Fannie and Freddie, in September, but a 1/2 point "penalty" on refinances because so many people were doing refis and they wanted people moving because of the impact on some many other sectors. The thought was that if it cost more to refi that people would just move, but with such low inventory numbers in nearly every market, that didn't really happen.

Expect that anything inside of 24-months isn't going to see significant swings in rates and monthly payments. I've been wrong before, but the Fed is following a similar response to what they did in 2008/2009 in some respects, so I think that's the way we're going to see this go.

FWIW, the government and Fed have taken on so much debt in the past 10-15 years or so that I cannot imagine interest rates rising to any meaningful degree anytime remotely soon. Probably not within my lifetime and maybe not in our daughter's lifetime. Feel as if they have painted themselves into a corner and have to keep interest rates minuscule for years (probably decades) to be able to service the debt. May go up or down a bit, but cannot imagine anything close to what rates were in the 70s, 80s, or 90s. Cannot prove this, just my gut feeling that I would not worry about interest rates rising to a meaningful degree for many, many years.

Recovering scientist working in business consulting

I have been thinking the exact same thing.

It is going to be a very interesting monetary balancing act between low interest rates and actual cash to borrow when the economy is allowed to open back up again.

This is going to be great for the ACC.

Thank you!

Hokies United l Ut Prosim

Mack Brown thought Larry Fedora was doing a fine job. Oh wait...wrong thread. But hey - thanks for being a TKP sponsor.

JP

Mack will hate the weather this weekend.

Hubs and I are currently working with Nancy at Nest to prep for a move to Blacksburg. We couldn't be happier!

We love having Nancy in the flock!

Co-sign. Nancy was our realtor when we moved back to Blacksburg. She will be our realtor if we move again, no doubt.

Jeremy and Nest are truly the best. I'm biased, he's my realtor, but honestly top notch service and wise council. Highly recommend.

Go Hokies!

Thanks Mom! xoxo

LOL! This one got an audible laugh out of me at work. Thanks for being a sponsor!

Danny is always open

Fixed your bird.

Amazing.

Excellent.

This is going to be great for the ACC.

Our Marketing folks are currently pulling their hair out at the branding violation, but you know what? That looks awesome.

Hmmm - you could do something with a flipped outline of this image. It might fit the flow a little better. I can't help you with the licensing/branding headache though

It's an unwritten law that it's my lunch pail. I've issued the challenge. If someone outworks me, they can get it.
Darryl Tapp

Any idea what those eagle home townhomes they're putting in on main street are gonna go for?

Recruit Prosim

Yes, I've talked with one of the developer for Mid-Town about a year ago. The townhouses are slated for Phase 2 of construction - Phase 1 will be leasable apartments and the police station. They weren't willing to anchor to a price yet, but were saying they expected them to be high $300s. Which means, once they start coming out of the ground, likely $400s.

If I were a betting man, I'd bet they start with a $5_____.

I looked at similar ones in short pump at Greengate and they were incredible but the price tag was north of $700. Any idea when phase 2 will be underway

Recruit Prosim

They haven't announced anything yet. I'd assume best case would be Spring 2022.