2025 Market Predictions in Real Estate
NEW CONSTRUCTIONInventory is higher than it has been for the past several years, which will make builderscautious and might limit some starts. Expect custom home sales to be busy, but luxuryspeculative home sales to be slower than 2023-2024. Regional builders will increase theirinventory and presence in mid and lower-price points. LUXURY MARKETDemand still outweighs supply […]
Due Diligence vs. Earnest Money: Key Insights for NC Homebuyers
Future Home Owner Series (BLOG 3) DUE DILIGENCE MONEY, EARNEST MONEY& ONE BIG MISCONCEPTION! Contracts can be overwhelming, and confusing, and the NC real estate contract is no diff erent! When“due diligence” language was added to the contract 15 years ago, it took a while for agents and thepublic to digest the change. So, what […]
Choosing the Right Loan for Your First Home
Future Home Owner Series (BLOG 2) Let’s face it, unless you win the lotery, most likely you will get a loan to purchase your first home.Here’s what you need to know! WHICH LENDER DO I CHOOSE? This can be tough. Banks, mortgage lenders, online companies, and builder’s “preferred lender partners” allwant your business. So, where […]
Why Building Home Equity Matters for New Buyers
Future Home Owner Series (BLOG 1) 1200 miles of quality time with my 15-year-old “future homeowner” brought me back to the basics of real estate. Growing equity is one of the keys to building wealth. Step one: Buy a home! According to The Currency, financial news, Americans now have 35 trillion dollars in home equity, […]
Buyers Agent Role
As a nod to the TV show Law and Order, this story was ripped from the headlines! There is so much talk right now about buyer’s agents, let’s talk about their specific role in a real estate transaction. 1. Helping the buyer find the right home through many channels including through the multiple listing service, […]
2024 New Construction Forecast
Last year, I wondered if new construction would bring us out of the inventory crisis. The answer was then, and is now, NO. But, what should we expect for new construction in 2024? Are the builders still consistent with their new builds, or are interest rate concerns causing them to slow down? I INTERVIEWED 5 […]
5 Reasons People Decide to Move
Guess what?Interest rates are NOT one of them! 1. Job relocation2. Rightsizing due to a growing family, divorce, or kids headed to college3. Wanting a different neighborhood for amenities, convenience or school districts4. To be near family5. Buying a second home, investment property, or vacation rental If interest rates do come down, buyers who are […]
2024 Market Predictions in Real Estate
Ok, down to business… LUXURY MARKET The luxury market, including homes priced over $1 million, will continue to be red hot. Lots of ALL CASH transactions in this price point! MOVE-UP BUYERThe move-up buyer will do lots of research and need guidance through the buying and selling process. Move-up buyers are most likely to make […]
#1 reason, in 2023, that you SHOULD sell during the holidays!
1. Inventory (the number of homes for sale) is still at historic lows in the Winston-Salem area. Your house WILL stand out! 2. Family and friends visit for theholidays! With so many people working remotely, and many more wanting a second home near family (especially grandchildren) the holidays are a perfect time to introduce your […]
Top 10 Holiday Activities in Winston-Salem
Salvation Army Angel Tree Make a difference! One of our favorites is giving through the Salvation Army Angel Tree! Click here to learn about The Salvation Army’s Christmas Assistance programs in your community and how you can support them. Tanglewood Festival of Lights Whether you drive through the lights or stroll through the display by […]