The Shaheen Firm, PC

06/24/2025

https://www.blileys.com/obituaries/Victor-Anthony-Shaheen?obId=43036890

View Victor Anthony Shaheen's obituary, contribute to their memorial, see their funeral service details, and more.

12/04/2024

FOR SALE OR LEASE: Blacksburg Office condominium containing roughly ~1350 square feet located at 1997 S. Main Street, Suite 701, Blacksburg, Va. (Colony Park). The office is well appointed and located. It sits at the front of the office park with great visibility (and signage) and has lots of windows facing Main Street. For $425.00 per quarter, the Owners’ Association (OA) takes care of the exterior of the unit (roof, etc.), the common area, and parking areas (which are more than sufficient). First floor direct entry from the parking lot (no stairs). Call me at 540-808-7508 if you are interested in renting an office or two, doing a lease-back, or purchasing the unit altogether. It contains a number of nice offices, storage closets, a foyer, a kitchenette, a bathroom (with shower), and a nicely furnished conference room. This is a great office for a lawyer, Realtor, accountant, or other professional. Asking $350,000.00. Will consider all reasonable offers. Arthur Shaheen

10/12/2024

05/18/2024

With Lyons Team Realtors – I just got recognized as one of their top fans! 🎉

05/18/2024

With Getra Hanes - Mortgage Banker, NMLS #1758338 – I just got recognized as one of their top fans! 🎉

05/18/2024

With Montgomery County VA Chamber of Commerce – I just got recognized as one of their top fans! 🎉

04/18/2024

Spotlight on Realtor Commissions
by Arthur Shaheen

Since I am a real estate agent as well as a lawyer, I am often drawn to the newsworthy industry topics of the day. One of them right now is, why do real estate agents get compensated in the way they do. And is that system fair to all concerned. It is not a question of whether agents earn their keep (most knowledgeable people, including me, think they do) but rather according to recent federal court litigation involving among others the National Association of Realtors, the merits of a system where one party normally pays the commissions and the other normally does not.

The prevailing model for decades, implemented by realtor rules, has been that the seller should be responsible for 100% of the commissions paid, usually 6%. If each side - buyer and seller - have an agent, then each would receive 3%. If only the seller had an agent, that agent would be entitled to the whole 6%. The rationale for the model is complex (more complex than can be treated in this article).

At closing, sellers have "net proceeds" or, to exaggerate a bit, a "windfall," whereas the buyers are pushed for cash and have little left over after down payment demands, loan requirements, and closing costs. By agreeing to pay the buyer's agent's commission, the seller is offering a "built-in" concession that buyers and buyer's agents will find attractive in the marketplace. This would certainly be true if there was an abundance of inventory for sale.

Yet, the prevailing parties in the subject litigation have taken the opposite view; a system that makes sellers the default payors of commissions is unfair and needs to be changed. Courts are working out the rules that presumably will create more balance between what sellers pay and what buyers pay.

Industry players I have spoken with believe that the impact of the new rules may be negligible. If the traditional system continues to make sense for the parties, they will find a way to use it to get the deal done. More negotiation and credits are likely. Still the market conditions will have a big say in whether buyers will contribute more than they have in the past. It is likely that commissions will be reduced.

If you have any questions about this, please let me or your favorite lawyer or agent know. Thank you.

Arthur V. Shaheen, Esq. April 2024

12/14/2023

RENTAL OPPORTUNITY

Happy Holidays. I have a "professional" class two bedroom (1.5 bath, ~1200 square feet) apartment on the 3400 Block of Monument Avenue in Richmond's Museum District For Rent. The unit is replete with nice features and upgrades: hard wood floors, crown moldings, ample windows, built-in washer and dryer, top of the line kitchen, security features, designated basement storage, and private parking space. The building blends in well with adjacent stately, well established and well-kept Monument Avenue single family homes, and the area is great for walking, biking, people watching, and visiting the local attractions. This opportunity will be more attractive to those interested in an urban, rather than to a suburban, environment. In my opinion, however, the subject area is quite safe and clean.

We will rent the apartment either furnished or unfurnished. We will take care of all of the utilities except electricity and internet. The term is a minimum of one year, with preference and incentives given for a two year commitment. Base rent is $2,150.00. There is an HOA. No pets allowed except possibly small dogs. Please follow the following link for more details. Feel free to call or message me or the agent on the listing:

https://www.zillow.com/homes/3410-Monument-Avenue,-Unit-101-Richmond-Va.-23221_rb/2144053712_zpid/

Thank you, Arthur Shaheen
540-808-7508

This 1136 square feet Apartment home has 2 bedrooms and 1.5 bathrooms. It is located at 3410 Monument Ave UNIT 101, Richmond, VA.

04/28/2023