Looking to Buy A Home in the Triangle, NC? Read This First!

The Triangle NC area is among the top 20 hottest real estate markets in the US now.  What does this mean for you as a home buyer?

 

More homes are coming on the market during this typically busy spring season, and there are even more buyers.  This means lots of competition and now, more than ever before, you need a strategy and a good agent so that you can get that home of your dreams.

Here are two things you must do right now (even if you’re not thinking of moving for several months):

Contact your lender now!  Not only because you want to be sure you are targeting the correct price point for your new home, but also because you will be required to present a lender pre-approval or pre-qualification letter with your offer.

Because homes are selling in a matter of only a few days, you will not have time to contact a lender once you find the right home.  We will need to get that offer in immediately.  We must have that letter in hand before we even set out looking at homes.

Partner with a full-time, professional real estate agent.  This is not amateur time!  Each offer will require a strategy and your agent will know the right strategy for you.  How much should you offer?  What should I do in the case of a multiple offer situation?  Is price the only factor in a transaction?  What is the true market value of the home?  How will I handle the appraisal?  And, once you’re under contract, what should you do?  You have lots of options, there are many variables, and much is at stake!  This is the largest investment of your life – you want to get this right!

Today’s real estate market is unique from any in recent history.  Contact me today and I will be happy to give you my exclusive, free Home Buyers Guide.  This booklet has all the information you need on the home buying process and what you need to be successful.  Whether you’re a pro at home buying or first-time buyers, I will help you navigate this challenging market.

Elizabeth Scott, Realtor®, Broker
Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist

Fathom Realty NC, LLC      
Phone: 919.306.9699

http://www.thesmartrealestateagent.com/contact/
Email:  Elizabeth@TheSmartRealEstateAgent.com

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Great Info on our Local Real Estate Market

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2016 Home Value Appreciation Prediction

2015 and 2016 Annual home value appreciation

Spring is about to kick into high gear and with it, the prime season for buying and selling homes. It’s about time for a change. Over the winter, new housing rules went into effect, which notably affected existing home sales, and inventory remained low. The supply of homes for sale is still tight, but it’s on the rise—as are aspirations for homeownership. With winter virtually on its way out the door, can buyers and sellers expect the market to warm up with the weather?

Well, there’s still a nip in the air: National home values are currently 6.4 percent below the pre-recession peak. That’s down 0.4 percent from January and good news for buyers.

There is some good news for sellers, too: From January 2015 to January 2016, home values appreciated across the country, with increases varying between 0.6 percent (Washington, D.C.) and 15.4 percent (Denver).

Time your listing to sell faster

The sixty-four-thousand-dollar question in real estate is “When is the best time to list?” An optimal outcome means timing the listing to get the highest price while selling the home as quickly as possible.

Backed by eight years of data, Zillow economists have identified early May, nationally, as the “magic window” to get 15 percent more agent contacts, and yield a sale 18.5 days faster and for nearly 1 percent more than national averages.  Here in the Triangle NC area, the magic window is April.  This means that, if you are thinking of selling this year, you should have your Real Estate Agent lined up & be in the process of preparing your home for the market NOW!  Pre-listing prep work is vital to success.

Contact me to learn more about our LOCAL Spring home selling market and get a complimentary report on the current value of your home today!

Elizabeth Scott, Realtor®, Broker
Diamond Award – High Sales Volume
e-PRO, Strategic Pricing Specialist

Fathom Realty NC, LLC      
Phone: 919.306.9699

Email:  

Search for Homes Now

Great Info on our Local Real Estate Market

My LinkedIn Profile