Frequently Asked Questions of Contingent Offers for Homebuyers
Q: Is there a way for a buyer to make an offer on a home which is contingent upon the sale of their current home? A: There is an option on the NC contract where an offer can be made under the “condition” that a buyer must list and sell their current home prior to […]
Building Generational Wealth: Real Estate and Stock Investment Strategies
When we do have saving to invest, where do we put it? The traditional way is the stock market. With low interest rates for the last several years, real estate has become a very popular “alternative investment”. With interest rates hovering around 8%, and the stock market seeing big swings on a daily basis, how […]
Investing in Yourself: Health, Education, and Relationships
HOW AM I INVESTING NOW? 1. I have a couple of new favorite books, including “The Gap and Gain” and “The 12 week Year.” Check them out! 2. Investing in my physical health. This one needs lots of work! I manage to swim laps at the YMCA on occasion but prefer the loud music and […]
What does “cost of living” really mean, and how does Winston-Salem stack up.
Let’s face it. Everything seems expensive these days. From home prices, rent, to gas, electricity and groceries, prices seem exorbitant. Through all of this, we keep hearing that Winston-Salem is affordable. What does the “cost of living” really mean, and how does it affect our housing market? Investopedia defines the cost of living as “the […]
First-Time Home Seller?
The best phone call that an agent can make to a seller is to inform them that your home is officially “under contract” Although a signed contract was THE goal when the For Sale sign went up, sometimes this incites panic among sellers. Now that we have a signed contract, what happens next? 1. Be […]
Understanding Property Tax Value vs. Market Value
TAX VALUE Amount that the county assesses the land and improvements for. Easy answer is no. In this market, thank goodness. MARKET VALUE How much a buyer is willing to pay for the land and improvements. 2023 tax bills come out in August, about a month earlier than normal. Maybe the county wants to give […]
What the Hail!
Even though our spelling and grammar have gone way downhill in the last few years, no that is not a typo! I mean really, what the hail? For real estate transactions in NC, per the contract, we have a timeline to follow. First, the signed contract, followed by a negotiated due diligence period, followed by […]
Which Inspections are required and which ones are customary?
In a seller’s market, there are a lot of agents (and the media) who suggests that buyers should waive inspections in order for a buyer to “win” a bidding war.Clean offers, with few or no contingencies, typically are the most competitive offers. Will “waiving” inspections help buyers get a house in a challenging market? In […]
Can New Construction Pull Winston-Salem Out Of The Inventory Crisis?
Some “home buyers” and outsiders looking in are surprised to hear that the number of homes for sale in the Triad market is STILL critically low. Wasn’t the housing shortage, or “inventory crisis”, so 2022? No. As a matter of fact, the housing crisis is getting worse. In Winston-Salem, right now, there are 69 homes for sale […]
State of the Market -February 2023
Hi Friends! Wow! What an incredible 2 days of weather here in NC- feels like spring. Of course, that means golf season, and typically more homes for sale! I thought it would be a good time to give you an in depth look at the local real estate market. Like you, I hear the […]