Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-01-11
REAL ESTATE DEALS LARGE
SCARCITY OF oBTAINABLE
RESIDENCES ONE TROUBLE
Realty Agent In Interview Makes APP
>, pcnl TO LeEisln ture to Help Hurry
Building boom.

~ Increased activity aracteri5cd all
departments OF the real estate realm
OF Richmond last week. and stories
and runors Of large and varied sales
OF property were numerous. The
agents were rcticent as TO details, but
not few OF them confirmed the gen.
{, es,al REPORTS OF big things being done.
among them contracts closed Tor the
exchange 81 considerable business
property.
One OF the large deals, not yet fully
consumated. Involves the new business
property on the south side OF the
river, about where the bci.or plant
stands. and about the stove works
tain any particulars with reference 10
these transactions, and no one except
tho agents having the matter in nand
and the purchasing parties knows just
how far negotiations nave been al
rarccd.
Other South Side property o. :, bus
mess kind Was sold last week. or,
father. two deals that have been on
tho string for some time. reached the
contract signing stage, but no par
tiruiars can DC obtained until the deeds
go 70 record.
=. Buying Homes Far Ahead.
"A In the city proper there was all the
week cons. deraele activity eoth III
business and residential property.
Residences are SUI! in great demand.
and any agent will certify that there
is no difficulty in Selling a modern
residence when the seller can Givc
immediate possession, hut the iroun.c
is that a large majority OF the resi-
dences listed for sale are now occu-
picd by renters who cannot be per
suadcd to give UP their lease, which
means thai purchaser cannot get
possession until next S,ptvUlo DER.
a. some buyers are looking ahead, and.
in order that they may have a hous g
% live in mex: September, arc buyin *
now. and in ample time will give 20
fEnlntS OSctlnvinC tho hOnKht n-OnpSi v
the legal ninety DAYS notice To vacat :.
This class of residence buyers is in
creasinE.
Residences were sold last week on
Franklin, Grace, Robinson, West Cary.
West Main, Leigh Streets; on several
Of the avenues, Including Monument
and on some of the cToss-toWn streets
10Th in the eastern and western part
Of the city. Some very valuable Broad
Street property. also figured in the
transactions OF last week.
u, West End Vacant Lot. Dought.
The big sales OF vacant ground on
Addison, Beverly and Elm Streets and
Rosewood and Ataplcwood Avenues
made, by the BYRD Park Homes Cor
poration to Muhlcman & kayhoc were
finally wound up and the deeds sen,
to record.
Something like 100000 was the sum
known that the purchasers. who sre
homo builders all right. Will process
Upon the GROUNDS they have thu,
acquired
Pcrhnps the Legislature VIII Help.
Q. II. Funston. OF the real estate NJ m
Of ELAN d Funston, was asked hS
tho man OF news yesterday what abou;
The prospects OF the real estate markc,
FOR the coming spring days. Iii
thought they were. on the whole. yer!
would be especially bright if build
Ing conditions should in tho near fu
ture get back nearer to normal OF
conc, cone up an a aynYn near to the dc
There is" nc continued. "a grca
shortage In homes in this city, ant
every effort should be cxcrted to en-
courase building at this time !
would be we'll ii the incoming LcSis
the question ot dealing with taxes oil
loans made on real estate.
:, How Money IL Detected
1T must be remembered that copdi
lions have entirely cha nSed in the pas
few years. and now a real estate note
no more than government bond
How IS this city and the state to grow
II our people do not lend the none!
with which 1t (and the State) snail
Mr.. Funston continued: "A man put
ting his money in Liberty bonds ma,
be making good investment for him
Self, but not a very profitable ono FOL
the city or The state. certainly not q!
compared with like investment made
the borrower is 10 build upon som,
vacant land
s He did not refer to the fact. but /
ls fact that the Real Estate lex
matter before the General Assembly
which convencs here this week,