Wednesday, August 27, 2008

Accidental Landlord: Northern Albemarle County

The shadow inventory persists. This term refers to defaults which will be foreclosures in a few months and add to the glut of houses for sale, and also to unsold houses that are now for rent by accidental landlords--those who didn't intend to have tenants.

Need a "Stately 4br 3ba Home Situated on 2+ Wooded Acres"? Try 4987 Abelia Way, up Rte. 29 in 22911.

You can see the Craigslist Ad, and rent it for $1,850.00 per month.

Or, if you feel like buying before our local market is at its bottom, you can pony up something like the Asking of $389,900.00. Check out the Yahoo! Ad, or use the MLS, ref'ing #453202.

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