To all Home builders and Sellers!! Be careful when you pick your representative when selling or marketing your homes cause if you pick a wrong one and no matter how good the house and price you offered, it still hard to move or sell anything!
nces It happened yesterday in a beautiful neighborhood but I saw a lots of vacant lots and they started to build 3 years ago and other nearby neighborhoods already sold out and I guess I know the reasons behind.
I was trying to set up an appointment for my buyer yesterday and I called the Sales office to tell the onsite agent that my buyer and I would like to visit them but I told him we did look around other nearby neighborhoods. The onsite agent immediately questioned " Did you try to ask your buyer not to consider our neighborhood?" I was shocked cause I did not expect the onsite agent who I never meet will question me why I take my buyer to look at other neighborhoods.
Then, he asked me another question "Did you have your buyer agency agreement signed and show it to me when you guys are here." I can tell you I feel I was talking to a Cop instead of the onsite agent. I sold 7 houses this month in different new home subdivisions and never ever questioned by any onsite agent to ask me to prove it to them. We set up to meet at the Sales Office at 4p.m. and my buyer called me that he could not get off from work until 5:30p.m So, I called the onsite agent immediately and let him know we need to re-scehdule to 5:30p.m. The onsite agent told me he supposed to get off work at 6p.m and asked me why we need to re-scheudle. I told him the buyer could not get off from work and he still was not happy.
When we sat down with the onsite agent and he could not really answered or ease my buyer's concern and my buyer did tell me the onsite agent was really not easy to work with. My conclusion, if you are Home builder or seller trying to sell your house, you should really found out how your onsite agent /representative talking and treating to your potential buyers and fellow buyer agents. If the onsite agent or listing agent did not care the present and future working relationship with one another and it really turned off the buyers or other agent's willingness to come back and visit your subdivison/house!!
It is defintely not a good experience to me and my buyer and I really feel sorry for the company who hire a Cop instead of a onsite agent to welcome the buyer and buyer agent.
Hannah Chan, GRI
Broker/Owner
Cary-Raleigh Realty, Inc.
919-426-1854
919-468-1570(Fax)
Website: http://www.caryraleighrealty.com
Blog: http://raleighcaryapexmorrisvillerealestate.blogspot.com/
Profie: http://www.linkedin.com/in/hannahchan
July 4th Celebration Presented by The City of Raleigh Parks and Recreation Department in collaboration with the NC State Fair.
Free Admission! Activities at No Charge!
Gates open at 2:30 Activities begin at 3:00pm
Fun-filled family event includes FREE interactive games, inflatable rides, live roving entertainment, two stages featuring music and live entertainment, fireworks and more!!. Food vendors will also be available. Main Stage will be located in the new midway area - best access from Gate 9. Special musical performance by bluegrass band Sweet Potato Pie and the Midway Main Stage will feature country music singer Holland Marie performing at 7:30 pm. Bring your lawn chairs and blankets for main stage concert. Seating is not provided. No coolers. No pets. Free Parking in Fairgrounds lots near Gate 9 Trinity Road. Handicap parking access through Gate 2 from Hillsborough Street.
FIREWORKS are at 9:15 p.m.
In the event of inclement weather, all indoor activities will remain as scheduled and all outdoor activities will be cancelled. The fireworks display will be rescheduled for Saturday, July 5 at 9:00 p.m.
Hannah Chan, GRI
Broker/Owner
Cary-Raleigh Realty, Inc.
919-426-1854
919-468-1570(Fax)
Website: http://www.caryraleighrealty.com
Blog: http://caryraleighapexmorrisvillerealestate.blogspot.com/
Profie: http://www.linkedin.com/in/hannahchan
Spring is around the corner...
Time to think about where to invest your $ after filing your tax returns and hopefully with some tax refund checks coming..............
Local Market Report
Triangle home sales hit 10 year low in January , only 729 homes sold in Wake, Durham, Orange and Johnston counties and the average home price sold in the 4 counties was $205K, down 3.7%.
In some areas in the Triangle market, home prices already dropped to 4 years ago or even lower. However home prices are still holding up OK for some highly sought subdivisions. Our local housing market here is different from those in Florida, CA, Nevada and NY where there were lots of "flippers" artifically inflating the house prices in the last few years. For the Triangle area market, it had been stable growth like 4% to 8 % a year before the current financial crisis started to adversely affect our local market. Hence our local market has not been battered as bad as the other markets.
Competitions Expected in 2009 for those "good deals"
Most buyers got good deals in 2008 but we expect more competitions in 2009. We already knew a lot of out-of state and international investors had come into our local market looking for the same good deals. They are competiting with our local buyers and investors.
Federal Tax Credit for the qualified First Time Home Buyers
Currently, most of the buyers in our market are those first time home buyers and investors. Many of the first time buyers decide to enter the market now for the following reasons.
(1)Federal Tax Credit,
(2)Low interest rate,
(3)Financial Return: Rent Vs Own
(4)Lots of inventories
(1) Ferderal Tax Credit
If you to close on your new home between Jan 1 2009 and Nov 30 2009, you may be eligible for up to $8000 Federal tax credits as long as you do not sell your home in 3 years. The tax credit will reduce your tax bill or increase your refund. You can apply this credit to either your 2008 or 2009 tax return. You are eligible if you and your wife earn $150K or less. Please consult with your tax accountant for advices and details.
(2)Low interest rate
Rates on the 30-year fixed-rate mortgage is at a record low not seen for a long time but of course, you will need good credit to qualify for the loan as the lenders have tightened up the qualification criteria.
(3)Rent Vs Own
The cost of owning a home versus renting is in at all times low, favoring home ownership, plus the low interest rate making monthly P&I even more affordable than before.
(4)Lots of inventory -- plenty of choices
There was a 9.6-month supply of unsold existing homes in January according to NAR. For new homes, the inventory hit a 13.3-month supply at the end of January. We also have some foreclosures and auction homes competiting for the same buyers.
Stock? Real Estate? Cash?
Some people said cash is the safest place now.. Why?
First of all, inflation is no where in sight and will probably be put in check by the Federal Reserve in the near term. Cash is definitely better than investing in the mutual funds and stocks market right now for those who have low risks tolerance level. Cash also gives you the power in negotiations in the current real estate market.
Investing in the real estate market is probably relatively safer than other investments right now. There are some good deals out there. As more people get disqualified for a mortage, there will be more people renting instead of buying their first "dream home". The rents are holding up OK in the Triangle residential market. (Commercial rental is in a total different situation. The renters have the upper hand. there.) More importantly, real estate investing is less volatile than the stocks market. You can also minimize the risks in real estate investing by doing due diligence and smart investing strategy. At least you can feel like you are in more control of you own destiny than the stocks market which is out of the control by any individual investor.
The fundamentals that made the Triangle so attractive in the past are still here. The local governments and Chambers of Commerce are still very pro business and continue to recruit new companies to come. This area is still sought after for companies planning to relocate. Good schools and good qualities of life had attracted lots of national or international transplants to raise their families here. These will probably be the same reasons for others to come in the future. Forbe Magazine just recently ranked Raleigh as the second best city for "where $500K can still live comfortably lifestyle." North Carolina is one of the most affordable states, and Raleigh and Cary have been ranked among the best cities to live for the past 10 years.
If you have any question relating to how to invest in local real estate market and please feel free to email or call me.
Hannah Chan
Cary Raleigh Realty
919-426-1854
919-468-1570(Fax)
My Website: http://www.caryraleighrealty.com
My Blog: http://raleighcaryapexmorrisvillerealestate.blogspot.com
My Profile: http://www.linkedin.com/in/hannahchan
 |
|
|
Cary-Raleigh Realty, Inc. serves real estate clients who are interested to buy or sell their Residential and Commerical properties. Fluent in English and Chinese (Mandarin & Cantonese)
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
