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, which equates to about $315,000* per […]
PEEK OR PEAK SEASON?
Winston-Salem Open August 17th-August 24th Ok, it is not technically in the fall, but school has started, so it counts! Ladies day, kids events, social events, and some really great tennis! WFU Face to Face Speaker Series September 11th @ 7:30pm Featuring Peyton Manning! Carolina Classic Fair October 4th – October 13th Enough said. Tailgate […]
5 TIPS TO NAVIGATE THE REAL ESTATE MARKET THIS FALL!
Seize the opportunity! Historically, “election season” has seen a slowdown in real estate transactions. Take advantage! If you are a seller, your home will stand out. If you are a buyer, less competition should mean fewer competing offers. Real estate is local! Turn off the national news, and listen to your experienced agent. Interest rates have stabilized, […]
Still Married & Want to Sell?
In NC one spouse can buy a house, but both parties have to sign the deed to transfer ownership to a new buyer. ACCORDING TO THE NC REAL ESTATE COMMISSION: “when you sell property, everyone on the deed must sign the deed to transfer title, in the case of properties that you owned before you […]
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, […]
Why 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 […]
Tax 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 […]