REAL TIME With Robert Russo

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REAL TIME With Robert Russo

How long have you been a part of the (local) real estate community?

Jessica and I were married in 2000 and shortly after that our love of architecture and construction morphed into a career in Real Estate Brokerage.  Jessica started her real estate career with a high end home builder in Northern Virginia.  We moved here in 2003 shortly after our first child was born.  

 What’s the biggest change you have seen during your time in real estate?

 Technology has really permeated all aspects of real estate in the last 15 years. Most of all with digital photography and video. When I first began my real estate career it was typical to have just one photo in the MLS.  Now that would be laughable.   

What trends are you currently seeing in the market?

 Walkability and efficiency are the biggest trends I’m seeing recently.   Whether in town or out in the County, being able to walk to community amenities or shops is important. Almost as important are homes that are being built with sustainability and efficiency. Buyers are showing a preference for homes with lower ongoing ownership costs and are less impactful on our environment.  Thus, a huge part of our continuing education focuses on understanding all facets of a homes’ performance, both mechanical and structural.    

What’s your most important advice for buyers?

 Don’t buy more home than you need.  We have conversations with homeowners every week that don’t want to spend the time and money associated with maintaining and caring for a property that is too big for their needs. One size does not fit all. 

What’s your most important advice for sellers?

 Sellers need to understand they are competing with new home builders in many cases. Thus, sprucing up your home prior to listing makes it look and feel newer, helping it sell faster and for more money.  Often this can be achieved with a little fresh paint and a good deep clean.  

What does Charlottesville Look like in 5 years?

 Real estate is a very dynamic industry. Many external factors can and do affect the housing market, both locally and nationally.  Fortunately, for Charlottesville, we live in a beautiful part of the country with hugely desirable amenities. Thus, I'm confident the long term forecast for our real estate market is positive. Hopefully the local efforts we are seeing to address the affordability gap creates more affordable housing options in and around Charlottesville.

Robert Russo, The Robert Russo Team

 

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