About Gail Farrace

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So far Gail Farrace has created 83 blog entries.

Market Statistics – February 2020

Blue Ridge Association of REALTORS® (BRAR) Market Statistics February 2020 Overall, the number of new listings in February for the Blue Ridge Association of REALTORS® service area rose by 12.5% from 2019, with closed sales showing an increase of 53%, and the number of listings under contract up by 32.2% over the same time last [...]

Market Statistics – February 20202020-03-18T15:38:08-04:00

2019 Realtor Awards

COLONY REALTY Agents Recognized The Blue Ridge Association of REALTORS® has announced the 2019 winners of its Annual Achievement Awards! Colony Realty is pleased to congratulate several of our top associates, who were honored this year. The BRAR Awards were established to recognize outstanding REALTOR® members of the Blue Ridge Association of REALTORS®, who have [...]

2019 Realtor Awards2020-03-12T15:05:05-04:00

Market Statistics Jan 2020

Blue Ridge Association of REALTORS® (BRAR) Market Statistics January 2020   Overall, the number of new listings in November for the Blue Ridge Association of REALTORS® service area rose by 40% from 2019, with closed sales showing an increase of 31.6% from 2019, and the number of listings under contract was up by 24.8%. The [...]

Market Statistics Jan 20202020-02-18T11:49:03-05:00

What is an EMD?

You finally found the home of your dreams and you decide to write an offer. Your real estate agent drafts the paperwork and tells you to remember your checkbook for the EMD. Don’t panic if you aren’t sure what that means, just ask your agent for clarification. An EMD, also called Earnest Money Deposit or [...]

What is an EMD?2020-02-18T09:57:15-05:00

Why You Need a Real Estate Agent

Here are a few reasons why hiring a Colony agent can save you money, time, energy and unnecessary stress. NEGOTIATION SKILLS There are many factors up for discussion in a real estate transaction. As professional REALTORS®, we at Colony Realty have mastered the art of negotiating and will work to ensure that you maximize you [...]

Why You Need a Real Estate Agent2020-01-24T10:26:49-05:00

Market Statistics – December 2019

Blue Ridge Association of REALTORS® (BRAR) Market Statistics December 2019 Overall, the number of new listings in December for the Blue Ridge Association of REALTORS® service area rose by 3.3% from 2018, with closed sales showing an increase of 12.7% from 2018, and the number of listings under contract was up by 2.1%. The median [...]

Market Statistics – December 20192020-01-16T16:53:48-05:00

Commercial Property Evaluation

When evaluating commercial property, there are three basic approaches used to determine value: The Sales Comparison Method, the Income Approach and the Cost Approach. The Sales Comparison Method relies upon historical market data from similar properties that are currently listed or have recently sold. Since no two properties are identical, adjustments must be made for [...]

Commercial Property Evaluation2019-12-18T14:34:47-05:00

Market Statistics – November 2019

Blue Ridge Association of REALTORS® (BRAR) Market Statistics November 2019 Overall, the number of new listings in November for the Blue Ridge Association of REALTORS® service area increased by 2.7% from 2018, with closed sales showing a significant increase of 10.9% from 2018, while the number of listings under contract was up by just 1.4%. [...]

Market Statistics – November 20192019-12-17T11:30:56-05:00

Market Statistics – October 2019

Blue Ridge Association of REALTORS® (BRAR) Market Statistics October 2019 Overall, the number of new listings in October for the Blue Ridge Association of REALTORS® service area increased by 3% from 2018, with closed sales showing an increase of 7.9% from 2018 and the number of listings under contract was up by 0.3%. The median [...]

Market Statistics – October 20192019-11-14T15:46:10-05:00

Why Use a Realtor for New Construction?

When Mike and Cassie decided they had outgrown their first home and needed to move on, they contacted the agent that had originally helped them with their purchase, Dan Whitacre. After touring numerous properties, Mike and Cassie decided building a new home was the best option for their family. With Dan’s guidance, Mike and Cassie [...]

Why Use a Realtor for New Construction?2019-11-14T15:46:53-05:00
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