2023 Word of the Year
The forbidden phrase of the last 2 years is “what will I get for my money”? Between inflation and supply chain challenges, we have been advised to “just say yes, and say yes quickly”. In this upcoming year, consumers WILL continue to pay 2023 prices but want to know what they are getting for their money. […]
The Media vs. the Market
WHAT’S REALLY GOING ON IN THE GREATER WINSTON-SALEM REAL ESTATE MARKET. Home prices are falling. Interest rates will deter many buyers from entering the market. Inflation coupled with rising construction and development costs will slow new construction Year-Over-Year price appreciation has slowed. Generally speaking prices are not falling. September marked 19 consecutive months of a […]
MATCH.COM for real estate?
Friends! As you have all heard, the real estate market has gone crazy! Historically low inventory levels (very few homes for sale) are preventing families from relocating to Winston-Salem. Some sellers have become overwhelmed with the number of showings when their houses do hit the open market. How do we match buyers and sellers without […]
What 13 trillion dollars represents, and why you should consider trading homes in 2022
I hear it almost every day; “Tori, I would consider moving if I could find somewhere to move to.” The purchase market is almost at a standstill, with very few new listings entering the market. And the rental market isn’t much better, with rental rates constantly increasing. How do we overcome this obstacle? Consider a […]
Back to the basics! The difference between a townhome and a condominium
The terms “condo” and “townhome” get thrown around very casually, but in reality they are quite different. A condominium owner owns what is inside the unit, while a townhome owner actually owns portions of the structure and the land underneath the home. The appeal of condos and townhomes is usually the same; the homeowner’s association […]
Buyer fatigue vs. Covid fatigue- which is worse?
Like all of you, there are many words that I have heard in the last two years that I hope to never, ever hear again. Pivot, shift, uncharted territory. Fatigue is about to be added to the list! Whether it affects home buyers or mask wearers, “fatigue” seems to be quickly becoming a term that […]
What does “as-is” really mean? Digging into the nitty gritty of the contract
When the NC Association of REALTORS made updates to the Standard Offer To Purchase And Contract in 2011, language was added making the home sale as-is. The contract now reads: THE HOME IS BEING SOLD IN ITS PRESENT CONDITION. BUYER AND SELLER ACKNOWLEDGE AND UNDERSTAND THAT THEY MAY, BUT ARE NOT REQUIRED TO, ENGAGE IN […]
The real estate market is red hot! Is this a good time to buy or should we wait for a cool down?
A friend asked me this yesterday, and this is such a great question! The short answer is that it is almost ALWAYS a good time to invest in residential real estate. Here’s why now is a particularly good time to purchase, especially if you are renting. 1. Interest rates are incredibly low. Why does that […]
Wall Street vs. Main Street; how investors are affecting our local real estate market.
Let’s face it. Not everyone can or wants to buy a home. I wish they could, and I wish they would. As you have heard me say before, there is no better way to build generational wealth than to own real estate! For the 22 years that I have been selling real estate, there have […]
3 Signs that the Triad Real Estate Market has Cooled
Plus, why a balanced market is best for sellers and buyers: “I felt a great disturbance in the Force.”- Obi-Wan For the first half of 2021, the real estate market in the Triad has been a bit crazy! However, lately, there has been a noticeable “disturbance in the Force” as things cool down. Here are […]