Let’s Find a Deal Together!
With interest rates low, the housing supply up, and a number of great home deals available, many individuals and families alike are making the decision to get into the housing market. THAT IS GREAT ~ there's some SMART people out there that know now's the time to buy a home!To keep smiling let’s discuss some misconceptions.
The news on the national housing market these days to say the least isn’t always positive, we hear foreclosures are everywhere, we learn about friends and loved ones who are selling their homes for much less than they had hoped to. We hear rumors of that guy getting a great deal or that lady paying $64,000 for the 3 bed, 2 bath in town. These stories albeit are real, but are so hyped up in today’s media that the expectations it produces for what's available within individual price ranges are not altogether realistic.
It's a little like getting struck by lightening...
Don't get me wrong, I'll never recommend that you settle for less than you want and if a deal is what you're looking for ~ we'll find it! But it’s important to know that in our market, on average in the Triangle area of NC, both historically and currently, homes on the market that close sell for between 96% - 99% of the list price (97% - 98% being most common).
Buying a home in any real estate market can and should be exciting.
PARTICULARLY in THIS Real Estate market where interest rates are so low, inventory is healthy and unfortunately other agents are NOT advising their sellers appropriately, leaving many sellers THINKING they are at a disadvantage with competition being so steep. Which means buyers are in an excellent position to get a great deal on a home that may have been out of reach just 2 years ago.
But let's be realistic in home buying today too; we’ve witnessed a caveat for buyers who realize their expectations for a 6 bedroom, 5 bath, 5000 square foot home in the perfect school system may not be in their budget.
As Realtors®, we want you to be incredibly happy and feel ecstatic about:
- Your experience throughout the home buying process
- Your decision to choose the home you decide to purchase
- Of course we want you to be THRILLED with US too!
Just like in a sellers market (where the not so great homes are selling for top price), it's important to have a good idea of what types of homes are available both in the areas you're interested in and within your budget. It's what I like to call managing your expectations!
Real estate markets are REALLY local. It's not just a cliché...
Many of our clients come from locations where home prices are higher than comparable homes found in our Wake County real estate market. That’s great right?! Interestingly, we’ve found that this scenario can call for both:
- buyers who are thrilled because they're getting more for the money.
- buyers who are disappointed because the perception of a great deal has been inflated to unrealistic levels.
Be informed, ask your Realtor® tons of questions (none are too small and there's no such thing as a dumb question in real estate) and arm yourself with information. Doing this will help create an awesome home buying experience.
When you're serious about buying a home, call me. I'll know how and where to start...
