Wednesday, January 29, 2014

5617 Saint James Place Richmond, VA 23225

Offered for $599,500
5 bedrooms, 4.5 baths and 5100 SQFT
Gorgeous wood moldings, built-ins, arched doorways, wood floors and lots of natural light throughout make this a home you'll want to call your own. Freshly painted in neutral tones - no fingerprints anywhere! Elegant and comfortable kitchen w/granite counters, island, 5 burner gas stove and banquette seating. Huge family room w/gas fireplace & custom built-ins. Formal living & dining rooms as well as an office, laundry, full bath and screen porch on the 1st level floor. Upstairs you'll find a sumptuous master suite w/fireplace, a spa-like bath & spacious walk-in closet as well as 3 guest rooms w/great storage space. The basement is made for entertaining w/home theater w/speakers, pub with wet bar, bedroom, gathering room & full bath. Large fenced yard, 2-car garage & whole house generator.
Call Listing Agent, Mark Adams, at 804-237-8585 for more information, visit us on the web at or
 email us at


Friday, January 10, 2014

Top 10 Things New Homeowners Forget

Did you know that there is actually a "Top 10 List" of things people forget when making that big move? This list comes to you courtesy of Mayflower Moving Service and here at Adams Burchett, we think it's missing an item or two. In addition to the list below, which we re-numbered 3-12, we find that our clients still forget the following 2 items most of all, even though we remind them right before closing.

1. Put in a change of address with your local post office so your mail goes where you go.
2. Turn on the utilities at your new home and turn off your utilities at your previous home. No one likes to be left in the dark.

Now here is Mayflower's list.

3. Remember “Rover”: In most cases, moving companies cannot transport animals or plants. Plan ahead and make arrangements for their safe transfer.
4. New address: Keep your new address in your wallet or purse.
5. Records: Obtain copies of your family’s (pets included) medical records. Consider transferring current prescriptions to a drugstore in your new town. Also get a copy of your child’s permanent school record.
6. Bank on it: It is wise to open a checking account in your new home town about a month before you move.
7. Spic and span: Leave out cleaning supplies for the final “once-over.”
8. Buried treasure: Gather those hidden valuables placed around your home.
9. At the cleaners: Remember to collect items being cleaned, stored or repaired and return library books and movie rentals.
10. Old phone numbers: Pack phone books from your existing residence.
11. Garage door openers: Be sure to leave them for the new residents.
12. Keys to success: Remember to collect spare house keys from rocks on the porch, neighbors and family.
Of course, if you still haven't found that perfect home, now is a great time to start looking. Whether you are moving out on your own for the first time, looking for a larger home for your growing family or downsizing now that the kids have gone off to college, we can help.
Call us today at 804-237-8585.
We'll help make those 2014 Homeownership Goals a reality. 

It's a good life!
Mark W. Adams
Associate Broker
Keller Williams Realty
Phone: 804.237.8585

What will Mortgage Rates do in 2014?

Submitted by
Movement Mortgage

What does 2014 hold for mortgage rates?
As we start this year we know that we will maybe never see the lows of the 3% rates we saw in 2012 and 2013. With rates currently in the mid 4’s, what does 2014 have in store for mortgage rates?
We know rates will move up but how quickly will depend on two factors: employment and the Fed. Positive job news will cause rates to go up. Positive employment AND economic news will cause the Fed to limit QE (program of Federal spending) which means the government stops buying mortgages. So it really is all about jobs. As the economy strengthens and employment improves, rates will rise.
Last week, I listened to two economic advisors give 2014 mortgage rates forecasts. Both predicted rates steadily moving up this year crossing the 5% barrier in the summer and moving up from there to the 5.25 to 5.5 range.
Minor increases in rates change house payments less than most of clients think. However, one thing is sure, if you are thinking of buying a home in 2014, waiting will likely result in a higher interest rate as mortgage rates move up with a slowly warming economy, improving jobs, and a Fed cutting off its support of mortgage rates.

Call Listing Agent, Mark Adams, at 804-237-8585 for more information, visit us on the web at or
 email us at

Wednesday, January 8, 2014

27 Dahlgren Road Richmond, VA 23238

27 Dahlgren Road Richmond, VA 23238


Offered for $399,950

River Road Corridor! Located in beautiful Lower Tuckahoe. Classic brick Cape with 3 bedrooms, office, 2.5 baths, large rooms, nice details and a full, unfinished basement - plenty of room for expansion. New carpet, crown and chair moldings, gorgeous wood floors and lots of natural light are just some of the reasons you'll want to make this house your home. Master suite offers a roomy walk-in closet and private bath. The two guest bedrooms, one with a huge walk-in closet, share a spacious hall bath. Additional features include a screen porch, 1st floor office, fenced yard, walk-in floored attic, fresh paint throughout, new carpet, new vinyl in the kitchen and half bath, updated electrical and a basement recently waterproofed by Bone Dry Waterproofing. Home is situated on a 1 acre lot on a lovely tree lined street. See more pictures below.

Call Listing Agent, Mark Adams, at 804-237-8585 for more information, visit us on the web at or
 email us at



Wednesday, January 1, 2014

How long should I keep tax records, bank statements, bills, etc.?

How long should you keep tax records?

Federal laws specify how long you must retain the documentation to support the filing of income tax returns. For most taxpayers, this period is three years from the original due date of the return or the date the return is filed, whichever is later. For instance, if you filed your 2006 Form 1040 April 17, 2007 or sooner, the IRS has until April 17, 2010, to audit the return and assess a deficiency if necessary.

The statute of limitations period extends to six years if a return includes a substantial understatement of income (defined as omitting income greater than 25% of the amount reported on the return). There is no statute of limitations if a taxpayer fails to file a tax return or commits fraud. A taxpayer is considered to have committed fraud if he/she submits a false return or if there is a willful attempt to evade tax.

If a required return is not filed, the records must be kept forever, as the statute of limitations does not begin until the form is filed. Failure to keep adequate records is a separate violation from failing to pay or to file.

And of course anything in a return that may be required to prove a position in a future return, should be kept as support for that position. For example, basis calculations that effect an ongoing holding, amortization of mortgage points etc.

There may be non-tax reasons to retain these records. If you are unsure you should contact a financial advisor and/or tax specialist.

Source: Wikipedia
For more information: IRS article

How long should I keep bank statements?

Keeping bank statements for at least one year is a good idea but if you want to be absolutely prepared in case the IRS ever comes knocking, be on the safe side and keep them for 3 years. You might need two or more years of bank statements if you plan to buy a home and need to apply for a mortgage. Keep bank statements and canceled checks that reflect major purchases, such as a diamond ring, for as long as you own the property.

How long should I keep my personal bills?

There is no need to keep monthly bills, however, it is wise to keep bills until the next month to prove balance, purchases, credits, etc. As a realtor, our sellers are often asked to provide the last year's utility bills to prospective purchasers. This enables the purchaser to get an idea of energy costs of the home they are considering putting an offer on. So if you are thinking about selling your home in the near future, you may want to save your electric, gas and water bills just in case.

Call Listing Agent, Mark Adams, at 804-237-8585 for more information, visit us on the web at or
 email us at

Richmond Housing Report 4th Quarter

Happy New Year! It's hard to believe another year has gone by. After reading this informative report compiled by the Central Virginia Regional Multiple Listing Service, you need more information, don't hesitate to Mark Adams at 804-237-8585.