Sonya Sells Richmond, Rashkind Saunders & Co.

✨️OPEN HOUSE THIS THIS SUNDAY AUG 18 2-4PM ✨️🏡👀
📍2519 Semmes Ave Richmond, VA 23225

This 1920 Victorian home was recently showcased in R Home Magazine in April 2024. This meticulously renovated Victorian captures the essence of a bygone era while seamlessly integrating modern comforts. Minutes from downtown, Forest Hill Park, the James River, plus shopping and dining galore. Send your friends to see this beautiful home.

🪙 $735,000
🛌 3 Bedrooms
🛁 2.5 Bathrooms
📐 2,320 Sq Ft
MLS: 2414295

✔️ Fantastic for entertaining
✔️ Charming historic features
✔️ Stylish renovations
✔️ Fenced Yard
✔️ Off Street parking available
✔️ Minutes to downtown and Forest Hill Park
✔️ Front porch + Back deck + Patio
✔️ Quartz counters + stainless steel appliances + Farm sink
✔️ Thermal windows
✔️ Spa like primary suite with private balcony!

What Credit Score Do You Really Need To Buy a House?

When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:

"Good credit scores communicate to lenders that you have a track record for properly managing your debts. For this reason, the higher your score, the better your chances of qualifying for a mortgage."

The trouble is most buyers overestimate the minimum credit score they need to buy a home. According to a report from Fannie Mae, only 32% of consumers have a good idea of what lenders require. That means nearly 2 out of every 3 people don’t.

So, here’s a general ballpark to give you a rough idea. Experian says:

“The minimum credit score needed to...



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What Credit Score Do You Really Need To Buy a House? When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle.

The Great Wealth Transfer: A New Era of Opportunity

In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades.

Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position...



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The Great Wealth Transfer: A New Era of Opportunity In recent years, there’s been a significant shift in how wealth is distributed among generations.

Are There More Homes for Sale Where You Live?

One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a significant improvement. It gives you far more options for your move than you would’ve had just a year ago. And with supply improving, you’re also regaining a bit of negotiation power. So, if you’re someone who thought about buying a home over the last few years but were discouraged by how limited inventory was, this should be welcome news.

As Lawrence Yun, Chief Economist at NAR, says, “Increased housing supply spells good news for consumers who want to see more properties before making purchasing decisions.”

While we’re up by almost...



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Are There More Homes for Sale Where You Live? One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year.

Thinking about selling, but not sure where you’ll go?

The good news is the supply of newly built and existing homes for sale has grown this year. That gives you more options – each with their own perks.

So, which will you choose? A charming existing home or a shiny new build?

Let me know which features you’re looking for in your next home. Drop your answer below.



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Right now, over 2/3 of homeowners have at least 50% equity in their homes.

And that much equity can go a long way toward buying a new place.

Curious about how much equity you have? I can walk you through a Professional Equity Assessment Report on your house. Drop a comment below if you’re interested.



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What Every Homeowner Should Know About Their Equity

Curious about selling your home? Understanding how much equity you have is the first step to unlocking what you can afford when you move. And since home prices rose so much over the past few years, most people have much more equity than they may realize.

Here’s a deeper look at what you need to know if you’re ready to cash in on your investment and put your equity toward your next home.

Home Equity: What Is It and How Much Do You Have?

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage. For example, if your house is worth $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.

Recent data from the Census and ATTOM shows Americans have significant equity right now. In fact, more than two out of three homeowners have either...



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What Every Homeowner Should Know About Their Equity Curious about selling your home?

Are Home Prices Going To Come Down?

Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening. Some say home prices are heading for a correction, but what do the facts say? Well, it helps to start by looking at what a correction means.

Here’s what Danielle Hale, Chief Economist at Realtor.com, says: “In stock market terms, a correction is generally referred to as a 10 to 20% drop in prices . . . We don't have the same established definitions in the housing market.”

In the context of today’s housing market, it doesn’t mean home prices are going to fall dramatically. It only means prices, which have been increasing rapidly over the last couple years, are normalizing a bit. In other words, they’re now growing at a slower pace. Prices vary a lot by local market, but rest assured, a big drop off isn’t what’s happening...



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Are Home Prices Going To Come Down? Today’s headlines and news stories about home prices are confusing and make it tough to know what’s really happening.

Should You Rent Out or Sell Your House?

Figuring out what to do with your house when you're ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?

Is Your House a Good Fit for Renting?

Even if you're interested in becoming a landlord, your current house might not be ideal for renting. Maybe you're moving far away, so keeping up with the ongoing maintenance would be a hassle, the neighborhood isn't great for rentals, or the house needs significant repairs before you could rent it out.

If any of this sounds like it might apply, selling might be your best option.

Are You Ready for the Realities of Being a Landlord?

Managing a rental property isn't just about collecting rent checks. It's a time-consuming and sometimes challenging job.

For example, you may get calls from...



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Should You Rent Out or Sell Your House? Figuring out what to do with your house when you're ready to move can be a big decision.

Last night's dinner at , so you can all be jealous.

During the pandemic, home prices soared due to high demand coupled with low inventory and mortgage rates. But that rapid appreciation couldn’t last forever.

Now, data confirms prices are still rising, just more moderately.

This healthier pace is actually a good thing. It means home price growth is normalizing.

DM me if you want more details on prices in our area.



Call/text with your real estate needs!
804-592-6737

✨️OPEN HOUSE THIS TODAY JULY 28 2-4PM ✨️🏡👀
📍2519 Semmes Ave Richmond, VA 23225

This 1920 Victorian home was recently showcased in R Home Magazine in April 2024. This meticulously renovated Victorian captures the essence of a bygone era while seamlessly integrating modern comforts.

🪙 $735,000
🛌 3 Bedrooms
🛁 2.5 Bathrooms
📐 2,320 Sq Ft
MLS: 2414295

✔️ Fantastic for entertaining
✔️ Charming historic features
✔️ Stylish renovations
✔️ Fenced Yard
✔️ Off Street parking available
✔️ Minutes to downtown and Forest Hill Park
✔️ Front porch + Back deck + Patio
✔️ Quartz counters + stainless steel appliances + Farm sink
✔️ Thermal windows
✔️ Spa like primary suite with private balcony!

✨️OPEN HOUSE THIS SUNDAY JULY 28 2-4PM ✨️🏡👀
📍2519 Semmes Ave Richmond, VA 23225

This 1920 Victorian home was recently showcased in R Home Magazine in April 2024. This meticulously renovated Victorian captures the essence of a bygone era while seamlessly integrating modern comforts.

🛌 3 Bedrooms
🛁 2.5 Bathrooms
📐 2,320 Sq Ft
MLS: 2414295
💸 $735,000

✔️ Fantastic for entertaining
✔️ Charming historic features
✔️ Stylish renovations
✔️ Fenced Yard
✔️ Off Street parking available
✔️ Minutes to downtown and Forest Hill Park
✔️ Front porch + Back deck + Patio
✔️ Quartz counters + stainless steel appliances + Farm sink
✔️ Thermal windows
✔️ Spa like primary suite with private balcony!

Check it out before the Open House here:

🎬Video: https://listings.hdbros.com/videos/01903726-d2ad-7106-a46f-ffa03752a67d

🚶‍♂️Virtual Walk Through: https://my.matterport.com/show/?m=62SySf1j3Wx&brand=0&mls=1&

💻Website: https://www.rashkindsaunders.com/homes-for-sale-details/2519-SEMMES-AVENUE-RICHMOND-VA-23225/2414295/31/

Why a Foreclosure Wave Isn’t on the Horizon

Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble making their mortgage payments. But, does that mean there’s a big wave of foreclosures coming?

Here's a look at why the data and the experts say that’s not going to happen.

There Aren’t Many Homeowners Who Are Seriously Behind on Their Mortgages

One of the main reasons there were so many foreclosures during the last housing crash was because relaxed lending standards made it easy for people to take out mortgages, even when they couldn’t show they’d be able to pay them back. At that time, lenders weren’t being as strict when looking at applicant credit scores, income levels, employment...



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Why a Foreclosure Wave Isn’t on the Horizon Even though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets.

New trend alert.

The median price for new builds has dipped lower than the median for existing homes.

Plus, some builders are tossing in sweet perks like competitive mortgage rates and free upgrades.

So, if you aren’t already considering brand-new homes, it may be worth looking into. Drop a comment with your dream home feature, and let’s find your perfect fit together.



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How Affordability and Remote Work Are Changing Where People Live

There’s an interesting trend happening in the housing market. People are increasingly moving to more affordable areas, and remote or hybrid work is helping them do it.

Consider Moving to a More Affordable Area

Today’s high mortgage rates combined with continually rising home prices mean it’s tough for a lot of people to afford a home right now. That’s why many interested buyers are moving to places where homes are less expensive, and the cost of living is lower.

If you’re hoping to buy a home soon, it might make sense to broaden your search area to include places where homes that fit your needs are more affordable. That’s what a lot of other people are doing right now to find a home within their budget.

Remote Work Opens Up More Home Options

If you work remotely or drive into the office only a few times...



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How Affordability and Remote Work Are Changing Where People Live There’s an interesting trend happening in the housing market.

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Why Fixing Up Your House Can Help It Sell Faster

If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices. But they want a home that’s move-in ready.

It makes sense when you think about it. They’re having to pay a lot of money for a house in today’s market. That means they may not be able to easily afford upgrades after they move in. So, if your home is outdated or needs some work, buyers might pass it by or offer a lower price than you were hoping for.

If your house falls into this category, it's important to consider making selective updates to help it appeal to buyers, so it sells faster. But how do you know where to spend your time and money?

Why You Need a Real Estate Agent

By working with a local real estate agent to be strategic about the improvements you make, you can be sure you’re making...



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Why Fixing Up Your House Can Help It Sell Faster If you’re thinking about selling your house, you should know there are buyers who are ready and able to pay today’s high prices.

Choosing the right agent is a big deal.
One key thing to look for? A local real estate expert.
You want to find someone who knows the area like the back of their hand, including where you're most likely to find the home you're looking for.
It can make a world of difference in your homebuying journey.



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A giant thank you to all the agents that came to my Agent Only Open House at 2519 Semmes Ave! It was so lovely to have you!

Ready to retire? Downsizing can simplify your life.
From less maintenance to financial savings, there are many perks to opting for a smaller home.
Plus, your equity can help make it happen.
Ready for the next step? Let’s chat and explore your options.



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Searching for that perfect home?

You should know, that no house is ever truly perfect. There’s always going to be something you’d like to change.

It’s time to consider the potential instead of holding out for perfection.

A house that needs a little elbow grease could be a hidden gem.

With an open mind and an expert guide, we’ll find the right home for you.



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Seeing headlines about foreclosures rising? Don’t worry.
That’s only compared to years when foreclosures were at a record low.
We're still below what we’d see in a more normal year.
And, if you compare today to what happened during the crash, we’re nowhere near what we saw back then.
Got questions? Drop them below.



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Real Estate Still Holds the Title of Best Long-Term Investment

With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting. Here’s some information that could help put your mind at ease by showing that investing in a home is still a powerful decision.

But why does real estate continue to reign supreme as a top-notch long-term investment? It’s because, even today, buying a home can be your golden ticket to building wealth over time.

Unlike other investments that can feel a bit like riding a rollercoaster with all the ups and downs and ongoing risk factors, real estate follows a more predictable and positive pattern.

History shows home values usually rise. And while prices may vary by market, that means as time goes by, your house is likely to...



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Real Estate Still Holds the Title of Best Long-Term Investment With all the headlines circulating about home prices and mortgage rates, you may be asking yourself if it still makes sense to buy a home right now, or if it’s better to keep renting.

Wishing you a happy and safe Fourth of July! Make sure you keep all your fingers!