Tuesday, January 13, 2015

#1 Reason to Sell Your Home Now



#1 REASON TO SELL YOUR HOME NOW


If you are one of the many homeowners out there who are debating putting their home on the market in 2015, don’t miss out on the opportunity that currently exists. There is significantly less competition in the winter months than in the spring.

According to the National Housing Survey released by Fannie Mae, only 45% of homeowners “say mortgage rates will go up in the next 12 months.”

What Does This Mean?

Homeowners may be unaware that interest rates are projected to go up by all four major reporting institutions (The Mortgage Bankers Association, the National Association of Realtors, Fannie Mae and Freddie Mac ).  This is big news for move-up buyers reflecting the overall amount of housing inventory that will be on the market.

If existing homeowners believe that mortgage interest rates are not going to increase, then they won’t be inclined to make a move by putting their home up for sale, meaning less competition for sellers who list now.

Don’t Wait!
The study also revealed that:
“Those who say it is a good time to buy a house rose to 68%” and “the share of respondents who think it would be difficult to get a home mortgage today decreased by 3 percentage points.”

As Doug Duncan, senior vice president and chief economist at Fannie Mae explains:
“We expect consumer attitudes toward housing to improve as the pickup in the overall economy lifts employment and income prospects.“

Bottom Line
I have qualified buyers RIGHT NOW who are ready to make a move. If your goal this year is to move up to your dream home, or right-size to fit your family’s needs, what are you waiting for?


Elizabeth Scott, Realtor®, Broker
BE SAVVY...CALL THE SMART REALTOR

2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC        
Phone: 919.306.9699
Email
 



Tuesday, January 6, 2015

Top Ten States People are Relocating To / From


TOP TEN STATES PEOPLE ARE RELOCATING TO / FROM

Wondering where people were moving in 2014?  I’ve got the info for you!

The Northeast lost residents for the third consecutive year, while some other states were surprises as they gained more residents.

The United Van Lines 38thAnnual National Movers Study  tracked customers migration patterns during the course of the past year.  Oregon was the top moving destination of 2014, with 66 percent of all moves being inbound.  South Carolina was Number 2 (61 percent inbound), followed very closely by North Carolina.

This may reflect longer-terms trends of folks moving to the southern and western states where housing costs are relatively lower, climates are more temperate, and job growth has been at or above the national average. 

In addition to these things, what brings so many of my clients to North Carolina is the outdoor recreation,  great schools and interest in education, arts and entertainment activities,  and green space. 

MOVING IN:  TOP 10 INBOUND STATES OF 2014:
  1. Oregon
  2. South Carolina
  3. North Carolina
  4. Vermont
  5. Florida
  6. Nevada
  7. Texas
  8. District of Columnbia
  9. Oklahoma
  10. Idaho 
MOVING OUT:  TOP 10 OUTBOUND STATES OF 2015:
  1. New Jersey
  2. New York
  3. Illinois
  4. North Dakota
  5. West Virginia
  6. Ohio
  7. Kansas
  8. New Mexico
  9. Pennsylvania
  10. Connecticut 
In a separate survey, United Van Lines also found that the Northeast region had the highest number of people leaving for retirement with more than one in four respondents indicating retirement is the reason for relocation.  The Mountain West had the highest number of retirees moving to the region with nearly one in three individuals surveyed saying they relocated there to retire.

Are you or someone you know thinking of moving or relocating to North Carolina?  Get in touch and I will help you with all the information you need to make a smart move!

Elizabeth Scott, Realtor®, Broker
BE SAVVY...CALL THE SMART REALTOR!
Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC        
Phone: 919.306.9699
Email


Monday, December 29, 2014

Thinking of Moving to the Triangle NC?

BE SAVVY...CALL THE SMART REALTOR!           








Elizabeth Scott, Realtor®, Broker

Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC        
Phone: 919.306.9699
Email

Tuesday, December 23, 2014

Should I Use A Realtor When Selling My Home?

Should I use a Realtor when selling my home?


Are you thinking of selling your house in 2015?  Obviously you want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.


In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. For the past two years, 92% of all buyers have used the internet in their home search according to the National Association of Realtors’ 2014 Profile of Home Buyers & Sellers.

However, the report also revealed that for the second year in a row 96% percent of buyers that used the internet when searching for a home purchased their home through either a real estate agent/broker or from a builder or builder’s agent. Only 2% purchased their home directly from a seller whom the buyer didn’t know.
Buyers search for a home online but then depend on an agent to find the actual home they will buy (53%) or negotiate the terms of the sale & price (31%) or understand the process (63%).

Stephen Phillips, the Chief Operating Officer for HSF Affiliates LLC, put it best:

“Home buyers are more informed than ever with their Internet searches and ongoing research; however, there’s a critical need to transform that information into analysis and advice that helps consumers make the best home-buying and selling decisions.”

The vast amount of information now available has resulted in an increase in the percentage of buyers that reach out to real estate professionals to “connect the dots”. This is obvious as the percentage of overall buyers who used an agent to buy their home has steadily increased from 69% in 2001. 

Bottom Line

If you are thinking of selling your home, don’t underestimate the role a real estate professional will play in the process.  After all, this is the single biggest investment you will make, and a legal contract.  FSBOs accounted for 9% of home sales in 2013. The typical FSBO home sold for $184,000 compared to $230,000 for agent-assisted home sales.  http://www.realtor.org/field-guides/field-guide-to-quick-real-estate-statistics

Realtors really earn their keep during the offer negotiation and closing process.  The paperwork is complex and and the negotiations can be complicated. The advice of an experienced realtor can ultimately save you time and a lot of hassle. That is worth the money.

Get in touch and I’ll review my exclusive marketing program and ways you can save money on the sale of your home.



Elizabeth Scott, Realtor®, Broker
BE SAVVY...CALL THE SMART REALTOR

2013 Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist
Fathom Realty NC, LLC        
Phone: 919.306.9699
Email