PAM DENT

Jump into Greener Pastures


434-960-0161
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An Insider’s Guide to Buying A Charlottesville Country Property

Are you considering buying a “main home” or a “second home”?

Buying country property is a dream for many people.

With the constantly increasing cost of homes in the city or suburbs, moving to the countryside is ideal. Just imagine having a big house on a vast parcel of land where you can enjoy fresh air every day, raise pets, grow a garden, and your kids can play and run freely.

If you are not fully committed to living in the countryside just yet, having a country retreat as your vacation home is also a wonderful arrangement. Many people buy rural properties as their second home, though some of them actually don’t have a first home yet.

Your vacation home is a great place to spend the weekend, the summers, the holidays, and for when you just want to get away and leave all the stress behind.

Come and experience the unique charm of Charlottesville!

Charlottesville in VA is one of the best places to buy a country home. If you haven’t fully decided, watch this video and you’ll see why.

(Click this link if you can’t watch the video : https://www.youtube.com/watch?v=pZ0mLZE1doQ)

Downtown Charlottesville is fun, vibrant and dynamic. It is a great shopping district with a lot of restaurants and boutiques to choose from. It is a city but it has a small-town feel, which is why many people love it.

If you love being outdoors, Charlottesville is perfect. Depending on the season, you can go hiking, kayaking, horseback riding, skiing, snow-tubing and more. You’ll never run out of activities here.

How to buy a country property in Charlottesville

When it’s time to buy an acreage in the countryside, you might feel overwhelmed by all the choices and decisions you’ll have to make. Let me help you make it easier.

Here’s a step-by-step process to help you take it one day at a time.

 

Step 1. Conduct preliminary research.

As soon as you decide to buy a property, start visiting websites that offer estates, farms and ranches in Charlottesville’s countryside.

Your goal is to see what real estate you like, and have an idea of the price range. Take note of specific listings that catch your interest, and see how they are positioned  in the market. Also, note if those properties experienced any price changes.

This is also the time to determine how you intend to use the land and if your favorites will have the necessary features. When you decide to buy a country property in Charlottesville, you already have a general idea of why you want it and what you want to do with it.

 

Step 2. Know how much you can afford.

Knowing your budget easily streamlines the country homes available to you.  The expression, “Don’t bite off more than you can chew” fits this situation.

The first question you want to ask yourself when it comes to your purchase ability is, “How will I pay for this property?”

Will it be a cash purchase? Or will you opt for bank financing?

When you have substantial savings, you may want to make it a cash purchase. This will allow more room for negotiation, and it makes the whole buying process easier.

 

Step 3. Get Prequalified and Preapproved.

Knowing your possible budget range based from your own computations, and knowing how much you actually qualify for are two different things.

Before you buy the country property that you’ve been checking online every night, you first need to know how much you can actually spend, and the best way to find out is to be pre-qualified.

Getting a pre qualification allows you to know what loan program is best suited for you. It also gives you an idea of how much you can borrow.  Securing a pre qualification will prove beneficial in the other steps of the buying process, like in budget preparation.

Once you know how much you can secure for the financing, get pre-approved.

A pre-qualification is helpful, but a pre-approval is more valuable because it tells the seller that a lender has checked your credit, verified your papers and has approved a loan amount for a particular time period.

Getting a pre-approval has many advantages:

1. It makes the home selection process easy for your agent. When agents know the price range you have been approved for, it is easier for your agent to know which properties to show you.

This is a better solution that your agent showing you properties way over your price range. You could fall in love with a country farm you cannot afford. After that, the lower price point properties just don’t have the same appeal to you.

Don’t set yourself up for disappointment.

2. Sellers are more likely to take your offer seriously when you have been pre-approved.

3. It lessens stress knowing you have already been approved by the lender. It gives you assurance that the buying process will be smoother.

 

Step 4. Hire the right real estate agent.

There are real estate agents, and there’s the right real estate agent.

When you are looking for a home in Charlottesville’s lovely countryside, you need someone who is not just a residential real estate agent. You want someone who specializes in selling country properties, farms, and ranches, and that would be me, Pam Dent.

My knowledge of the area, of the ranches, of Charlottesville’s land itself came many years before I was even actively involved in real estate.  I grew up exploring the countryside on the back of a horse.

I raised my kids in Charlottesville’s countryside. I know what you need to look for when purchasing land, being a long time owner myself.

My skills as a real estate agent allow me to guide you through the home buying process, aid you during the negotiation, provide assistance for all the paperwork, and share with you information about anything you’d like to know as a countryside home owner in Charlottesville.

With my skills, experience and professionalism, our home buying process will be less challenging and stressful.

 

Step 5. Find the acreage you like and make an offer.

This is the most exciting part! This is the part you usually see on TV, the part where buyers visit different properties, checking out the features and amenities, seeing if the farms offer what they need.

This is also a really difficult part. This is what the decision of where you’ll be living and what type of real estate you’ll be buying heavily relies on. This is the part you have to get right because it will affect your future drastically.

Start by looking at the homes in your price range. Bring your “Needs and Wants” list and take note which farms or ranches fit your list.

Since this step is crucial, let me share with you my top considerations if you are buying a country home. Carefully read the different factors you must make note of. Knowing these considerations can make a huge difference in the selection process.

Top considerations for buying a country property

  • Location. When you are buying a city or suburban real estate property, you want a home that’s in a safe neighborhood, close to school and other amenities, easy commute to work, etc.  The same things factor in when you are looking for a Charlottesville country home.

Here are a few questions you should be asking yourself :

 

  • How close (or far) do you want to be to shopping, hospitals, and many other amenities?  
  • Should there be a water feature close to the property?
  • Is there access to electricity, water, cable and other utilities?  There will usually be electricity but country farms  will have well and septic.  There will rarely be cable but often dsl is available.
  • What’s the road condition?
  • Do you want a place y that’s easily accessible from the main road, or one that’s miles off from the main road?
  • What’s the productivity of the soil type in the area?

 

Also, know why the home is being sold. Learn its history.  Drive around the area of the acreage  you are considering to purchase and see what the neighbors are like.

Get a feel of the area and decide if you can live in that setting. Visit more than once, on different times of the day, to see if your first impression of the farm still holds, and if you still like it.

  • Type of country property. Think of your definition of country living and know the type of property you intend to purchase.  For some buyers, country living means a home with country views, easy  access to water, electricity and other utilities, and neighbors a couple of minutes away.  For others it means being surrounded by extensive land, with its own wells, a reserve power generator, and where the nearest neighbors are a 10 to 15 minute drive away.

What will you do with the land? Do you plan to raise livestock? Are you going to use it as a horse farm or as an agricultural land? Will you hunt?  Or do you just want a get away?

  • Property size. The size of farm you will purchase depends on what you are going to use it for. It also depends on your purchasing power.

If you plan to use the property as a vacation home, how many acres do you need to secure privacy and retreat? If you’re going to start a Charlottesville horse farm, how many acres is a good start-up size? If you intend to use it for outdoor and recreational activities like hunting, how many acres would be sufficient?

  • Zoning and property restrictions. Zoning rules vary on different types of property.  Generally, farms with 20 acres or more are agricultural lands, which allows all types of animals and livestock. If you intend to hunt in your land, you need sufficient acreage in a rural location, and it should  neighbor with lands that also have large acreage, but remember that you will only be able to hunt on neighboring properties with permission.

Find out building codes, zoning and restrictions. Can you build a chicken coop on the property? How about a ranch? How about a pond?

Check with the seller and the municipality for any existing easements in the area.

Know if the property is part of a conservation area or under conservation easement.

  • Neighbors. You may think that being out in the vast countryside, you’ll have little chance to see your neighbors so it doesn’t really matter what kind you have.

However, you have to remember that neighbors are a great help especially if you have questions about how to develop the acreage. They have extensive knowledge of the land and the weather. They know what to do during emergencies.

Significant research goes into finding the right property.

Take your time in deciding which Central Virginia real estate   to buy.

Once you’ve chosen “the one”, work with your real estate agent and negotiate an offer based on the comparables in the area.

In your offer, include any contingencies, like home inspections, well and septic tests, building and safety code requirement for the house, etc. You have to be specific in writing any requests and repairs to be included in the sale.

Determine the amount of “earnest money” you’ll be putting in.

When both parties are in agreement regarding the terms, you can then put your name on the Purchase and Sale Agreement form.

 

Step 6. Get a home inspection and a land survey

You have to know what you’re buying.

A home inspection is conducted so you’ll know everything that’s going on in the property, from the condition of the house, to the plumbing, the structural strength,  and of course, the deal breakers.  You may also want to have an environmental study (think home inspection for the land).

A land survey will tell you the exactly where the property line is. You’ll know where your farm begins and ends through this survey.  

These surveys and inspections should be clearly stated as contingencies when you make an offer.

 

Step 7. Secure your loan.

This is the part where you choose the lender. Before you decide, shop around for mortgages with the lowest interest rates and best programs.

Choose the mortgage where you’ll be financially comfortable.   Be aware that many mortgage companies do not lend on farms and land.  Your Realtor will be able to give you a list of lenders who can assist you with this type of property.

 

Step 8. Get a property appraisal.

Your lender will want to ensure it is paying the right market value of the Charlottesville acreage.

A professional appraiser will be hired to check the farm’s value.

 

Step 9. Prepare the necessary paperwork and finalize the deal.

Once the terms are set, and the property is appraised, you can use the result for renegotiating the terms if needed. Your agent will negotiate on your behalf.

To verify if the seller is the rightful owner of the home, your attorney or closing company will use the service of a title company to take care of all the paperwork.

 

Step 10.  Close the deal.

 

This is the easiest yet costliest part of the buying process. Review everything prior to the closing, going over the fine details, ensuring everything is to your liking before handing over the payment to the seller.

 

Congratulations! You’ve now reached the end of your country home buying journey. The final step is to move in to your new home.

 

Call me, Pam Dent, at 434-960-0161. I am your golf and equestrian property specialist here in Charlottesville. I am also a Seniors Real Estate Specialist, as well as being experienced in working with first time buyers. I have lived here in Central Virginia almost all my life and have a deep love for the countryside and its preservation. My long involvement with equestrian activities, along with my professionalism and in-depth knowledge of the area makes me uniquely suited to take care of all your real estate needs. You, my client, are my first priority, and I am dedicated to ensuring that your real estate experience goes smoothly. 

I look forward to hearing from you.

 

Filed Under: Blog, Central Virginia Horse Farm for Sale, Charlottesville, Charlottesville VA Homes, Charlottesville VA Horse Farms for Sale, Farms and Estates, Homes in Charlottesville VA, Real Estate Tagged With: Central Virginia, Central Virginia homes for sale, Central Virginia Real Estate, Charlottesville, Charlottesville country homes, Charlottesville country properties, Charlottesville real estate, Charlottesville Virginia horse farm, homes for sale in Charlottesville, Real Estate Properties for Sale in Charlottesville VA

4 Bedroom Home for Sale in Buena Vista VA | 712 Stuartsburg Rd, Buena Vista, VA 24416

4 Bedroom Home for Sale in Buena Vista VA | 712 Stuartsburg Rd

No longer available.

Right in the heart of a farm surrounded by a stunning view of nature, thriving with trees and surrounded by acres of jade colored fields, this charming 4 Bedroom home for sale in Buena Vista VA  offers the best of country-style living while situated just 6 minutes away from the bustling cities of Lexington and Buena Vista.  This two-story home features 4 bedrooms, 2 full baths, 2 office spaces, 3 fireplaces, and an outdoor pool. The farm includes a barn, hay storage, and riding trails.

4 Bedroom Home for Sale in Buena Vista VA

Built in 1963 on 15.80 acres of land, this 2 story family farm in Buena Vista shows a quaint feeling of country life in the 60’s carried along into modern times. It is fully fenced, which offers complete privacy and freedom in this peaceful community.  The wide surroundings of the property allows you to have your own farm or garden where you can plant or raise animals.

Buena Vista Home for Sale Pasture

How would you like to build another house for your kids or other members of the family in this wide pasture? You can make this your very own family compound. You may also choose to raise livestock as you have all the space you will ever need to support your farm animals.

Buena Vista Home for Sale - Yard

The field is very wide and is a perfect place for your kids or grandchildren to run around and fly their kites. This is also good for outdoor activities such as barbecues, family get-together, and other activities you love doing together.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Pond

Isn’t it amazing to have your very own pond? Take pleasure in raising your own variety of fish, which you can sell or consume as a source of healthy meals for the family. With your own pond, there is no need for you to travel far just to fish.  You can do it anytime at your own convenience.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Kitchen

Enjoy preparing sumptuous meals for family and friends in the spacious and classy kitchen of this Lake Buena Vista home. The latter also comes with a refrigerator, range, dishwasher, and disposal.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Living Room

Relax in your living room after a tiring day at the office, farm or wherever you worked during the day. You can enjoy the heat of the fireplace while watching TV or catching up with your family during cold seasons. This is also a good place to welcome your guests with a cup of hot coffee or tea.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Den

Enjoy unlimited indoor activities with your family as you turn this space into an entertainment room, a game room or a playroom. For whichever purpose you deem is best, this room is just waiting for your magic and personal touch.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Deck

Try basking in the sun on your porch. You can enjoy sunbathing, while drinking some lemonade and indulging in your favorite book. Or you can simply relax while appreciating the wonderful view of your property and waiting for that glorious sunset.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Pool

This outdoor pool can give you memories of a lifetime. Isn’t it just nice to be able to cool down on your own outdoor pool whenever you feel like it and be relaxed with a scenic view of nature at the same time? You may also spend a lot of fun times with your family here without having to travel nor spend much.

712 Stuartsburg Rd, Buena Vista, VA 24416 - Front

This Cape Cod-styled family farm-house for sale in Lake Buena Vista VA may be a classic but its gas furnace, electric heat pump, pool filter and liner are all only 6 months old, while the shingle roof is just around 10 to 15 years old. This is also situated in the Rockbridge area and is conveniently located near Mountain View Elementary School and Rockbridge High School. Living here allows you to enjoy the ultimate country life, while having the convenience of living close to the city.

Excited to start living in this country side home? For more information about this listing and other homes for sale in and around Central Virginia, please visit www.JumpIntoGreenerPastures.com.

Call me, Pam Dent, today at 434-960-0161. I have the professional and expert knowledge of the local housing market in Buena Vista and Charlottesville including equestrian properties, golf communities, and other homes for sale across Central Virginia. It is my pleasure to guide you through the exciting journey toward finding the home of your dreams.

If you’re interested in purchasing a horse farm, check out the Horse Farm Buyer’s Checklist!

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Filed Under: Blog, Farms and Estates Tagged With: 4 Bedroom home for sale, 712 Stuartsburg Rd, Buena Vista, Buena Vista VA homes for sale, Central Virginia, Central Virginia homes for sale Pam Dent, Charlottesville, Family farm for sale, Jump into Greener Pastures, Virginia

Central Virginia Real Estate Market Reports Yearend 2010

This post examines how each of the Central Virginia real estate markets performed in 2010.

Albemarle County VA Real Estate Market Report – 2010 Yearend

Charlottesville VA Real Estate Market Report – 2010 Yearend

Fluvanna County VA Real Estate Market Report – 2010 Yearend

Greene County VA Real Estate Market Report – 2010 Yearend

Louisa County VA Real Estate Market Report – 2010 Yearend

Charlottesville VA Real Estate Market Report Condominiums – 2010 Yearend

Charlottesville VA Real Estate Market Report Attached Homes – 2010 Yearend

Filed Under: Blog, Market Reports Tagged With: Central Virginia, Central Virginia real estate market

Eco Tips – An Easy Way to Save Water

Its August in Central Virginia and once again we need rain.  In Albemarle County we have not had a significant rainfall for about a month and we are behind for the year.  We are not at the point yet where the county has had to mandate water restriction measures, but it is still important that we all work to conserve this important natural resource.

Are you aware of how much water you use?  How many times do you leave water running?  If you would like to calculate how much water you use go to http://www.csgnetwork.com/waterusagecalc.html and get an estimate of how much water your household uses.

One easy way that we can all save water every day is to turn off the water when we brush our teeth.  Depending on how long you run the water while you brush you can save approximately 1/2 to 1 gallon of water each time you brush.  This could add up to 1,460 gallons of water saved in a year.  If each of us would do this, think of how much water we could save.

Lets all do our part to keep Charlottesville and Albemarle County green.

Filed Under: Blog, Green building, Virginia Tagged With: Albemarle County, Central Virginia, Charlottesville, save water, water usage

Features of Green Building

It has become quite popular to speak about "green" building, but what exactly do we mean.  I was reading an article in Realty Times this morning wich gave a good overview of the factors which make up green building design.

According to the article a green home should have the following features:

  • Natural Light – in order to reduce energy used for lighting
  • Shading – screens, awnings and trees on the southern and western exposures to block the summer sun
  • Dual-glaze windows – keep heat in  during winter and heat outside in the summer
  • Roof reflectivity or a landscaped roof to lessen heat absorption
  • Green building materials
      1. Non-toxic materials (low-VOC paint and finishes)
      2. Sub-flooring made of strawboard
      3. Renewable wood products
      4. Materials made  from recycled content
      5. Non-toxic insulation with a high R factor
      6. Energy Star rated HVAC systems and appliances
      7. Drought tolerant landscaping and native plants

While many of these systems and supplies may be more expensive initially they will often pay for themselves over time.

Click here to read the entire article.

Search all of the homes currently on the Charlottesville, Virginia real estate market or contact me if you would like information on green homes available in the Central Virginia area.

   

Filed Under: Blog, Information for buyers, Information for sellers, Real Estate, Virginia Tagged With: Central Virginia, Charlottesville, Green building, green homes, Virginia real estate market

Mortgage shopping Guidelines

If you are a first time homebuyer, shopping for a mortgage can be an intimidating and overwhelming process.  It helps if you know in advance what to expect and what you will need to do.

  • Obtain your credit report and take action to make any necessary repairs to your credit.
  • Shop for a mortgage.  Don’t just go to one lender.  Different lenders have different programs.  You need to find the program that best suits your particular financial needs.  Check with mortgage brokers, mortgage lenders, credit unions as well as banks.  Also check and see what mortgage or downpayment assistance programs exist in your locality and if you qualify for any of them.
  • Find out the total costs involved in each loan: monthly payment, annual percentage rate (APR), the number and cost of points, broker, origination and underwriting fees, administrative costs, mortgage insurance, and commissions, escrow and closing costs.
  • Check the terms for different kinds of loans; the amount of down payment, the term of the loan, and whether the loan is a fixed or an adjustable mortgage and what are the terms of each.
  • Negotiate.  Ask the lender if they can offer better terms.
  • Once you have decided on the loan you want, you may want to obtain a rate lock.
  • Obtain a written loan comittment.

Read the article Beginner’s Guide To Mortgage Shopping in Realty Times.

I would be happy to talk with you about any questions that you might have about the Charlottesville, Virginia real estate market.

Click here to search all homes for sale in Charlottesville, Virginia, Albemarle County and Central Virginia.

Filed Under: Blog, Information for buyers, Information for sellers, Real Estate Tagged With: Albemarle County, Central Virginia, Charlottesville, first time homebuyer, homes for sale in Charlottesville, mortgage, Virginia, Virginia real estate market

Foreclosure – Not Your Typical Real Estate Transaction – Part 1

Due to this year's volatile mortgage market, we are seeing an increasing number of homes go into foreclosure.  As adjustable rate mortgages continue to reset to higher rates with increased mortgage payments, we will see more foreclosures coming onto the Charlottesville real estate market.  This can present a chance for the knowledgeable home buyer to purchase a home for a bargain price, but it is not without risk, and therefore it is necessary to understand the process.

Preforeclosure occurs when a homebuyer is in default on their mortgage.  After three or more mortgage payments have been missed,and the homeowner has failed to work out a solution with their lender, the lender will issue a default notice to the homeowner and will also publish the notice in the local newspaper.  The notice of default specifies a deadline for the homeowner to pay either the past-due amount or the balance of the loan.  If the property is not reclaimed by the deadline, a notice of sale will be published, formally moving the home into foreclosure.

During the preforclosure phase may be a good time to purchase the home.  This would be called a shortsale.  Although the price may not be as deeply discounted as it could be after foreclosure, there are benefits to buying at this time.  To begin with there may be fewer competing offers at this stage.  We are seeing multiple offers on foreclosed properties in the Charlottesville and Central Virginia area.  Also the purchaser is negotiating with the property owner instead of with the bank.  You are helping the homeowner avoid foreclosure and the ensueing black mark on their credit, so they may be inclined to cooperate.  The homeowner will present the contract to the bank.  Hopefully the bank will be negotiable and approve the sale rather than having to go through the expense of the foreclosure process.  We are seeing many banks that are extremely slow to respond to these short sale offers so any buyer should be prepared for long delays before an answer.

If the home is not sold at this stage and the homeowner has not been able to work out a loan payment plan with the lender, the next step in the foreclosure process will be a sheriff's sale or auction.  The next post in this series will discuss that stage.

If you are interested in discussing foreclosures in the Charlottesville, Virginia area real estate market, I would be happy to talk with you.
To search all Charlottesville area homes for sale including foreclosures and bank owned properties click here.

[Read more…]

Filed Under: Blog, Foreclosures, Information for buyers, Information for sellers, Real Estate, Virginia Tagged With: Central Virginia, Charlottesville, Charlottesville real estate market, foreclosed properties, foreclosure, Virginia

Central Virginia Counties

There are several counties that make up the Central Virginia region: Albemarle, Fluvanna, Louisa, Greene, Orange, Nelson and Buckingham. Below are links to each county’s online information.

Albemarle County is located in the foot hills of the Blue Ridge Mountains.  The county has a rich historical legacy featuring Ash Lawn-Highland the home of James Monroe and Monticello the home of Thomas Jefferson among others.  There are many cultural and outdoor activities to choose from.

Charlottesville is an independent city surrounded by Albemarle County.  The University of Virginia, which was founded by Thomas Jefferson is located there and is the largest employer.  The city has been rated by many publications as one of the best places to live in the United States.  The heart of downtown is the pedestrian mall which is the site of specialty shops and many restaurants, art galleries and outdoor cafes.

Fluvanna County located to the east of Albemarle is an area that is seeing rapid growth while keeping a rural feel.  It includes the gated community of Lake Monticello which includes a large lake and golf course.  The main town is historic Palmyra.

Louisa County is a largely rural, agricultural area with only 10% of its land currently developed.  The Green Springs area sports scenic vistas of rolling hills in a historic preservation district.  The town of Louisa, located 35 miles from Charlottesville and Mineral are the county’s two incorporated towns.

Greene County located to the north of Albemarle is still mostly agricultural, but has been seeing a lot of growth recently.  The towns of Ruckersville and Standardsville are included.

Orange County is an area of farms and rolling countryside.  Montpelier, the home of James Madison is a historic destination.  The towns of Gordonsville and Orange are located in the county.

Nelson County which is bordered by the Blue Ridge Mountains contains part of the George Washington Forest and parts of the Appalachian Trail and Blue Ridge Parkway.  The Wintergreen Resort, containg ski slopes and a golf course is located in the county and is a prime destination.

Buckingham County which is just across the James River from Albemarle is a rural area that is increasingly becoming known in the region by homebuyers looking for affordable property.  The incorporated town of Dillwyn is located in the county.

If you are looking for real estate in Central Virginia, you have a lot of areas to choose from.  There is sure to be a home in one that suits
your lifestyle.

Filed Under: Blog, Information for buyers, Real Estate, Virginia Tagged With: Albemarle County, Buckinghom County, Central Virginia, Charlottesville, Fluvanna County, Gordonsville, home, Lake Monticello, Louisa, Louisa County, Mineral, Nelson County, Orange, Orange County, Palmyra, real estate, Wintergreen

Albemarle County is Going Green

The government of Albemarle County is going green, and hopes to save money and reduce the county’s carbon footprint at the same time.  Albemarle County is located in Central Virginia surrounding the town of Charlottesville.

All new county buildings to be constructed will meet stricter energy standards, beginning with the new Crozet Library.  In addition since 2003, the county has bought new hybrid vehicles. 

Albemarle County has set a goal of reducing internal energy use by 30% by 2012, and has pledged to reduce greenhouse gases by 80% by 2050.

Read more.

For information on life and real estate in Albemarle County and neighboring Charlottesville, Virginia contact:

Pam Dent, e-PRO, SRES, NHD
Real Estate III
Charlottesville, Virginia
434 960-0161
www.JumpintoGreenerPastures.com
www.CharlottesvilleRealEstateTalk.com

Filed Under: Blog, Information for buyers, Information for sellers, Local events Tagged With: Albemarle County, Central Virginia, Charlottesville, energy, real estate, Virginia

Is There A Recession In The Albemarle County Horse Industry?

For several months this spring the Virginia Horse Journal had an ongoing discussion about whether there is a recession in the Virginia Horse Industry.  One of the points that everyone agreed on was that the rising cost of gas was having an impact on horse ownership.  Due to an increase in transportation costs prices of feed and supplies are going up.  We will see an increase in the cost of hay this year in the Charlottesville, Virginia and Albemarle County area due to the higher price of fuel to run the tractors and hay making equipment.  Luckily so far this summer we have had ample rainfall; so we should be able to buy hay locally and not need to incur the added expense of shipping hay in from other states.

Many stables are seeing customers cutting back on extras.  They are taking fewer lessons and going to fewer horseshows.  The stable owners are forced to raise shipping fees which also results in a smaller number of  cllients who are able to afford showing.  Unfortunately it is a no win situation as stable owners will either need to raise board or cut back on services.  It looks like we will need to tighten our belts for a little while until the Virginia horse industry rides out the next few months before it can rebound as it always does.

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In the meantime, if you are thinking of buying a farm, it may be the perfect opportunity to get the price of a lifetime.  Buying or selling, I would be happy to talk with you about the Central Virginia and Albemarle County real estate market.

Pam Dent, e-PRO, SRES, NHD
Real Estate III
Charlottesville, Virginia
         434 960-0161       
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Filed Under: Blog, Equestrian news, Farms and Estates, Information for buyers, Information for sellers, Real Estate, Virginia Tagged With: Albemarle County, Central Virginia, Charlottesville, horse ownership, horse shows, Virginia

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Contact Pam

Pam Dent
Phone: (434) 960-0161
Email: [email protected]
Gayle Harvey Real Estate Inc.
198 Spotnap Rd, #C-5,
Charlottesville, VA 22911


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