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Purchasing a home any time of year can be a stressful endeavor. Understanding the current market can greatly assist in managing expectations and preparing you for what may transpire during a home purchase.

Be Prepared for a Lower Home Inventory

Housing markets, like many others, are a great lesson in supply and demand. The more supply available the less demand there is. The less demand, means less competition and potentially lower prices, making it less competitive and more affordable for the buyer. Usually there is a slower market in the winter, so there may be less inventory, but there are also fewer buyers out there, so less competition and possibly a better chance to negotiate with sellers. If you are thinking about buying a home during the…

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It has been a long journey for our storied team, after nearly 12 years of being in the Real Estate industry, we have grown with one-of-a-kind team members, and we have been able to provide exceptional service to our clients. We are always deliberating what our next step will be, so we can continue to grow in a sustainable way.

We are proud to announce the grand opening of our real estate brokerage, The Rick Cox Realty Group! The bottom line is that we love what we do, and we want to continue to serve the Richmond-Metro area for as long as possible. We are so excited to share what our brokerage has to offer our community and, as always, we will continue to provide service that exceeds your expectations.

To all our friends, family…

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Celebrating National Spaghetti day on January 4th, this dish has been a worldwide favorite reaching as far back as the 1st century B.C. when pasta meals began to appear in Ancient Rome. The dough, thick-like consistency of pasta originated from Greece and several areas of the Middle East and Arabian Peninsula. The first time Italy was introduced to “dry pasta” was during the 7th century A.D. when Arabs occupied Sicily. As the years went by many variations and toppings were introduced in spaghetti, but tomato sauce wasn’t added until the 18th century in Italy. Pasta was not introduced into the United States until early 20th century when many Italian and Sicilian immigrants arrived. Although, it didn’t gain popularity until after World War II when…

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As our busy lives continue with work, family and obligations you might eye your master bathroom as your next home improvement project to fuel a space in your home for de-stressing. When it comes to upgrading spaces in your home, you should always keep in mind how it could affect your capability to sell your home in the future.

If you have a small outdated master bath with limited space - this could affect the resale value of your home. When planning out your 2020 Home Improvement Projects - you can justify updating your master bath as a personal and future financial investment.

When it comes to the remodel, the biggest question is - Where do I start?

1. Preparation 

Figure out what you want to upgrade and change. Go through your master…

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Everybody loves a good Sandwich! Claiming to have invented the first sandwich in England in 1762, John Montagu, the 4th Earl of Sandwich, created the meat and bread dish. Little did he know that he would end up creating such a popular food item where over 300 million iterations of the his original sandwich recipe were eaten every day globally! Needless to say, all this talk of sandwiches is making us hungry here at the Rick Cox Realty Group! Check out some popular places in the Richmond-area where you can pick up a yummy sandwich!

  • Great Harvest Bread Company - Midlothian Turnpike 

Why not grab your sandwich from a bakery to enjoy your sandwich on freshly made bread? A popular menu item is their Grilled Italian on Focaccia Bread. 

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Fall in Richmond has always been filled with events and activities for all ages celebrating the transition into the autumn holiday. While many events have turned virtual due to the safety precautions to combat COVID-19, there are still events being held in person. Take a look at the Rick Cox Realty's list of events and activities in the local Richmond and Midlothian, Virginia area:

  •       Que Pasa Festival – Virtual – 10/5-15

Learn about and celebrate the food, music, dance, and art of Virginia’s Latin American communities.

https://www.vahcc.com/quepasafestival

 

  •       Richmond Folk Festival – Virtual – 10/9-10/11

Check out this online celebration of music and culture.

https://www.richmondfolkfestival.org/

 

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Torn between buying or renting? Interested in purchasing your first home? Buying a home for the first time can be a major decision as you are investing into your future. Check out our tips for a first time home buyer!

1. Start Saving and Get Pre-Approved.

First time home buyers should always obtain financing preapproval from a lender before house hunting to better understand how much home they can afford and what loan product will be best for their financial situation. Have your lender research grant products that might reduce closing costs. If you are house hunting in the Commonwealth of Virginia, you may be eligible for a Virginia Housing (VHDA) housing grant to help you get the home of your dreams.

Always consider the cost of items that…

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Selling your home can be an exciting and stressful process. Everyone wishes that it would be as easy as putting your home up for sale, receiving a bunch of showings and getting the offer you wanted. The thing you dread the most is a slow sale process, especially when you are on a strict timeline and there is a hot market. It makes you begin to wonder, why isn't my home selling?

 It is always important to get down to the root of the problem considering the following factors of why you are not getting an offer on your home. 

1.  Your Home is Priced Too High

To avoid overpricing your home, your realtor should sit down with you and examine comparable sales. Take into consideration flaws, schools, location to compare to similar homes that have…

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Home inspections are an important part of the home buying process. It is an opportunity for the buyer to get a high level picture of the homes condition and health. This allows you to make an informed request for repairs or repair credit when negotiating the continuation of the purchase contract. The licensed home inspector evaluates the home the buyer just purchased, it usually takes approximately 2 to 3 hours. The home inspection is usually scheduled during the first week after Purchase Contract Ratification.

What is the role of the Home Inspector?

Home inspectors are trained to look at systems, safety issues and identify potential problems. Their role is to determine if there are any safety concerns or repairs needed that may not be visible…

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Summer is the best time to go outside and enjoy the beautiful weather while also maintaining social distancing. Within the Richmond and Midlothian area, there are many trails to take advantage of to get some exercise and fresh air. We've included some of the Rick Cox Realty Group's favorite parks for walking and hiking trails below. Check out each parks website for trail maps, list of amenities and accommodations to help you get the best out of your outdoor adventure!

  • Mid-lothian Mines Park  - Woolridge Road

Trails showcasing the cut stone ruins of mines surrounded by the woodland commemorating those who started the U.S. Industrial Revolution.

https://www.midlomines.org/

 

  • Belle Isle - Tredegar Street

Richmond's most…

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