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Williamsburg Hot Sheet for January 18th- January 25th

  A Note from Liz: Welcome to the Crazy Land of Multiple Multiple Offers!   The market hasn’t been this fast-paced since 2004-5. Thankfully, the housing market is far more stable than it was then, and hopefully we will continue to see listing inventory expand in the coming months. So what does this mean for Sellers? If you are wanting to sell a house right now, you can expect to at least get your asking price--- maybe more. Also this means that most offers are not asking the seller to pay closing costs--- a savings of 3% in your pocket! The time is now to sell if you are wanting too! What does this mean for Buyers? If you are wanting to buy--- interest rates are amazing so expect to pay less for a house over the course of your loan and your monthly note. Just be aware that there are many buyers out there who are offering over asking price and paying their closing costs. When you make an offer you mus be realistic in your offer. Are you interested in moving forward? Let's talk!! Lei

Residential Development Will Replace Spotswood Golf Course

Interesting news!


Colonial Williamsburg president Cliff Fleet has announced that the Spotswood par-3 golf course, part of the Golden Horseshoe Golf Club, will be developed into a residential neighborhood in close proximity to Merchants Square, the College of Williams & Mary and other downtown Williamsburg amenities. That will leave the Golden Horseshoe with two highly regarded 18-hole golf courses, the Green and the Gold.

In an email to Golden Horseshoe members, Fleet said the nine-hole Spotswood course "has been underutilized for many years,” and that its land would be redeveloped “into a high-quality, walkable” neighborhood that will sit adjacent the Williamsburg Inn and the Golden Horseshoe club.

No timeframe was announced for the project, which Fleet wrote is in the very early stages of planning. Fleet said Colonial Williamsburg believes “this initiative will significantly enhance Williamsburg as both a destination and a community.”

Thoughts?

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