North Carolina

Buying a Clemmons Foreclosure

03-13-12

Stephen Long: Real Estate Agent in Winston-Salem, NC

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Office: (336) 499-7155

Mobile: (336) 909-3602

If you are in the market for a home then you owe it to yourself to browse these Clemmons Foreclosures for sale

Call 336-499-7155 for more information or to schedule an appointment.

The Carolina Crew

Clemmons foreclosures are a hot topic these days! It seems every home buyer is interested in a foreclosure and Clemmons is a sought after location. If you are in the market then it is important to understand that Clemmons foreclosures are listed and sold quickly. As a buyer it is important to be informed and ready so when the perfect property hits the market you can act fast. If you are a savvy buyer, or an investor seeking to grow your rental portfolio or flip homes then you should keep an eye on the Clemmons foreclosures for sale.

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How NOT to set the listing price of your home.

03-13-12

Ilona Matteson

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Office: (252) 261-6600 x232

Mobile: (252) 619-5225

Do a search on ActiveRain and you’ll find hundreds of blogs in different locations with advice on how to come up with your listing price for your market. I searched how NOT to set the price and found nothing. So here are a few ideas on what NOT to do when you decide to sell your Outer Banks home in today’s market.

Tax Assessment - Don’t confuse your county tax assessment with market value. Your tax assessment is for the purpose of assessing a tax amount to you for the purpose of revenue to the county. It doesn’t in any way suggest that’s what a buyer is willing to pay or a seller is willing to sell for. Most importantly the assessment on your home right now is 8 years old! On the Outer Banks they only re-assess every 8 years. Because it’s 8 years old, it also doesn’t take into consideration any improvements that have been done since the last assessment.

Old Appraisal - Appraisals are only good for the day they are written. What? Yes, that’s correct. Considering that anything and everything could change tomorrow, an appraisal can only be valid for one day. If you have a year old appraisal and want to base your price on some reflection of that, you’ll find yourself the highest bidder of your home! Congratulations, you don’t have to move.

Old Sales in the area – All agents have heard it… “Well my neighbor sold last year for $30,000 more.” Well, sadly, in a declining market that’s what happens. There are so many factors affecting the value of your home today, relying on what sold several months to a year ago will cost you many months of additional mortgage payments on this home!

Recent Improvements – We’ve also all heard… “Well I have a new roof, HVAC and carpet. I want to ask $extra to cover those costs.” The fact that you’ve done these “maintenance” items is great. It shows you’ve taken care of the home. The problem is all houses need a roof, HVAC and carpet. In a market flooded with inventory asking more for items the buyer expects to be there AND expects in good condition is a losing strategy. What you can ask more for are upgrades. Changing vinyl to tile or carpet to hard wood, or laminate to granite are all upgrades. However, the best way to create value in a market full of homes for sale is to have MORE for LESS. That’s how you stand out above the crowd!

Basing the price on your needs – We would all love to get the seller the most money possible. That’s part of our job. However, we can only sell the home for the true market value. Just because you NEED to get $50,000 at closing doesn’t mean it’s going to happen. You have to consider all the current factors in your marketplace and if those point to a lower price, you needing that money will not cause a buyer to pay it if the value isn’t there. You may need to adjust your plans based on what’s realistically going to come out of the sale of your home.

Stuck on 2005 value – It was a good time…a very good time back then. However, all good things must come to an end. Sure, we’ll see prices like that again, but just as that cycle was OVER 15 YEARS in the making, so shall be the next. It’s been 7 years since 2005! It’s time to put those prices to bed. If you don’t need to sell any time soon, great, DON’T. However, if you do need to sell, forget 2005, it’s history. It will be a very long time before prices rise to that level again. Let’s get adjusted to this market and make the best OVERALL decision for your family.

Focus only on Price – So often I hear, “I don’t have to sell, I’ll just wait if I have to sell at that price.” Selling a home is based on a LOT of decisions, not just the price for it. No one wakes up and turns to their spouse and says “Honey, the house is worth $X, we have to sell it.” Selling is based upon life changes, new needs, maintenance costs, jobs, marriages and so many more things that are related to the way we live our lives. It’s always a shame when I see a seller refuse to sell based solely on the price in today’s market. That means they are putting that dollar value above the benefits selling the home can bring to the family. Don’t let the emotional response to the price create a long term inconvenience for your entire family.

Now that we’ve covered what NOT to do, if you need help pricing your Outer Banks home for a prime spot in our market today, certainly let me know how I can assist you!

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February 2012 Market Activity For Charlotte, NC and the Surrounding Counties

03-13-12

Evelyn McCorkle Search Charlotte NC Real Estate University Area

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Office: (cal) lmy-cell

Mobile: (704) 957-3558

Daylight Savings Time Is Here and Its Beginning To Look Like Spring all over the Charlotte Area!!

Daffodils

Market Activity for Charlotte NC and the Surrounding Counties for February 2012.

There were 1,614 total closings in February 2012, up 21.8% compared to February 2011.

64% of all home sales in February 2012 were in the $200,000.00 and under category.

Absorption rates improved as months supply of inventory was down 28.3% to 8.9 months supply.

New Listings are down by 5%, but pending sales increased . Many homeowners are choosing to wait on the market to recover and for property values to start increasing. Other homeowners have decided to sell for less, but to recover the difference through the new home purchase. Many sellers are choosing to move up to their dream home while the market has made it affordable and the interest rates are still at historical lows.

February 2012 Market Activity For Charlotte, NC and the Surrounding Counties

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CVS/pharmacy is NOW OPEN in The Villages at Brunswick Forest

03-13-12

Brunswick Forest

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Office: (888) 371-2434

Secondary: (910) 371-2434

Location:

1132 East Cutlar Crossing

Leland, NC 28451

In The Villages at Brunswick Forest

Phone Number:

(910) 371-1464

Store Hours:

Open Daily 8am-10pm

Pharmacy Hours:

Monday-Friday 8am-10pm

Saturday & Sunday 10am-6pm

Happy Shopping!
www.brunswickforest.com

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Things to do in Cary by the Cary Concierge...3rd Annual Tobacco Road Marathon

03-13-12

Bud & Beth McKinney - Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX UNITED

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Office: (919) 851-3171

Mobile: (919) 618-7653
Secondary: (800) 251-3171

tagged: exercise, featured, marathon, Sports, things to do in cary

Posted by The Cary Concierge in Cary NC, Events, EXERCISE, Family Activities, Sports, Volunteer Activities

This year shall be the 3rd Annual Tobacco Road Marathon on March 18th starting at 7 am. You can partake in the full marathon (18 miles of the American Tobacco Trail) or the half marathon (7 miles). The start and finish is going to be at Thomas Brooks Park. Proceeds go to Triangle Rails to Trails, Wounded Warriors and American Red Cross. For more information please click here.

Location: 9008 Green Level Church Road

Phone: (919) 367-2695