The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-04-02
REAL ESTATE AND
BUILDING NE W S
The Truth as It Is Told
by a Real Estate
Agent.
MARKET ACTIVE,
81 BUT JUST WAITING
Some Good Sales in All Parts Of
the City and Out in the Sub
urbs-- Money Is Plentiful
for Real Investors-Dc-
mand Increases for Sub
urban Homes.

re tell you The truth" said a
prominent real estate man yesterday
and that WAS all lie was asked 10
tcll--''thc business OF the agents has
been dull this week, so far as actual
sales are concerned. You see all of
US did mighty big business last
week; made many sales and entered
into miny contracts that were sup
posed to be productive OF prospective
sales. II has taken MS much Of this
week to wind up those deals and get
them out Of the way. to clear tho
hecks, YOU understand. for the big
ger business are looking for in
the better month Of April now upon
Us For these reasons very few OF the
agencies nave been trying TO close
sales this week. we have been let
ting the buyers and investors take
all the time they need TO consider
things, willie we wind UP u good
months business"
guess this man sized UP the situa
ton pretty well. bur all the same some
business IN the real estate line was
done. not u little OF II. and II is not
& far-fetchod guess 70 say that s2GGF
o0n worth OF dirt changed hands III
thc six days CLOSING at sunset yester-
day afternoon The deals on the:
string. not just yet closed. might in
crease this amour, s50o.00u. but deals
on The string DO not always count.
some of them may slip down, you
know.
Money IN Plentiful.
Another agent who took the man
RI news into his coniidencc, or per-
Laps. moro properly speaking. was
taken into ihr confidence OF tho man
or news. said There Is no trouble
about Richinond realty and less trou-
Die abouf the Suburban properties.
So.
all the time rhc agents and oil OF
tho dealers III real estate must have
little tiue 10 fooa,.up tuaiy books.
and. between YOU and me. some OF
them must needs have q breathing
spell III wiicH to make their bank
:ng af.anscmentsn That is a fact.
for banking arrangements" are Very
necessary IN the real estate business
IN thts connection II may be worth
while TO say that any legitimate real
estate Investments VII not suffer on
tho banking Arrangement score Rich
n.cna banks have money to lend. and
,hcy do love 70 lena il on real estate
security. II the security is all right,
and generally speaking Richmond
realty is regarded as mighty good
security for It's face value
Down ~ business.
But coming down TO real business,
j seldom Taylcr &. Co report the sales
Oh various 2iiC sui!'iiN DIoIti tiSo S'iab
aggregate s5o,00o. This close tongued
trim enters into no particulars, cN-
cop, 10 say that their sales were main
~ IN the western part OF the city. The
Junior member OF the concern Ven
turcd the additional remark that I'VE
have several big things on the string
that Will POSSIBLY eliminate next
week" that is 10 say, this good week
Williams * Cease were q little en-
thusast!c yesterday having sold
great deal CT property in and out OF
Town. the total being something like
500 900 \ popularity about these
sales is that most OF them We're for
cash Cash dealing in real estate is
really something new under the sun.
Among the cash sales made by this
firm was some West Broad Street bust
ness property for which $4,000 was
planked down in cash; the residence.
No. 5oT Grace Street for S23,500 cash,
and some business property on Gov
crnor street for which something like
5000 was paid in cash This iirm
also made sales Of vacant properties
on Grove Avenue and in other parts
of the city. making their aggregate
for the week about Sl0o,opo.
some other Good business.
rumor gained currency that j.
Thompson brown & Co, had closed
$4,000 deal that might have some
hcarinc on the industrial situation of
E 4 $50
firm was promptly interviewed. While
III confessed right up to the $4,000
nroposition. and smiled broadly as
ho contemplated the commissions. in
sight he declined to enter into partlcu'
lars. but told Of many other smaller
sales the firm had made from Fulton
10 tho boulevard, involving something
like $4,000.
However. about the $4,000 nroposi-
lion Il WAS learned from other sources
that the sale was & site in the bust
ness centre Of the city. some where be-
tween Fifteenth and First streets,
and that the object OF the buyers is
TO establish a dynamite plant, kind
of a thing that may blow up at am
old time, and may bust old Rich
mond ali to thunder. Maybe this en-.
plains thce reserve and the reticence
above referred 10.
All Of the agencics are optimistic
Int very few OF them boast OF big
sales the past week. The most Of
them brag about the good things they
see for this week. and guess they
arc very much right. The real estate
men do not regard Il past week, but
they are always looking forward to
thc next week. Last week they took
time TO balance up their books. aBd
nicbty wise they wore In so doing.
This week they will be right on the
job
Suburban Notes. :.
In the suburbs there was very good
& business the past week. AS the spring
y season opens up there Is decided ac
tivity in these suburbs. There Is
a report from Gintcr Park that the
demand for homes and home ma kin &
& lots was never more active. From
Woodland Heights to the south, to
barton Heights and Falkland on the
north there seems to be an increasing
i demand for suburban homes. In this
connection the Parkland property looms
Continued on Last Page.) .,5