Tag Archives: real estate

Raleigh Ranch Sold Quickly, Multiple Offers


Sold!  4620 Landover Crest

Sold! 4620 Landover Crest

Raleigh, NC.  4620 Landover Crest Drive sold in 3 days with multiple offers received. This beautiful ranch with unfinished bonus space went under contract very quickly.   I’ve had many successful transactions and other listings to sell quickly, but almost from the moment the sign was put up, the showings and offers came in.

I’ve been a real estate agent since 2008.  During that time the market was heading in a downward spiral and I began to question my choice of profession. Nonetheless, I rode out the rocky market, and I’m glad I did.  Over the past year I can attest to the fact that things have turned around and multiple offers are coming back.  Not only have I received multiple offers with this ranch, but with some of my other listings as well.

However, I must say that multiple offers are coming back with caution.  Not all real estate markets are experiencing the same activity, but from my experience in other local markets,  MOST, if not all markets, are seeing increase in valuation.  My real estate blue print covers the entire Greater Raleigh area, some areas in particular include Wake Forest, Northeast Raleigh, North Raleigh, Southwest Raleigh, Southeast Raleigh, Rolesville, and Zebulon.  I’m only naming a few that I’ve worked within to make my point that each of these areas, though in close proximity to one another, are different.  The main factors that make a listing very appealing to multiple buyers are location, style or type, price point, and amenities.


Stunning North Raleigh Townhome, Prime Location


438 Weathergreen Drive, North Raleigh

Offered at $199,900  |  MLS 1925490

Great opportunity to live an amazing lifestyle in a very low-maintenance, established townhome community – Weathersfield Place, located at the intersection of Falls of Neuse Road and Weathergreen Drive, near I540, and Ravenscroft. Updated with coveted amenities, this lovely property is nestled in a beautiful, wooded and serene environment with a community pool and tennis court for its residents.

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Features

Townhome is approximately 2071 sqft., with 3 or 4 bedrooms (finished 3rd floor attic offers versatility and can serve as bonus room, 4th bedroom, teen suite, media room, office, etc.) and 2.5 baths.  Upgrades galore and much detail and care has been added to this charming abode:

  • NEW gleaming cherry hardwoods throughout first floor
  • NEW carpet on second and third floor
  • NEW paint throughout
  • Chef’s dream kitchen:  NEW granite counter-tops, glass-tile back-splash, ALL NEW appliances,  NEW sink & disposal; Additional cabinets with NEW hardware; Built-in Refrigerator Surround with cabinets
  • Finished 3rd floor walk-up ATTIC serves as versatile Bonus Room with lots of storage
  • Huge Master with spacious walk-in-closet, ceiling fan, and custom color
  • All Baths have been updated as well with all or some of the following-  granite, ceramic tile counter-tops, ceramic tile flooring, ceramic and glass tile tub surround and updated hardware
  • New gas logs in Family Room
  • Large and private deck with outside storage

Directions

North on Falls of Neuse Road; Left on Weathergreen Drive; Keep straight through roundabout; Turn Left into 400s section; 2nd Townhome on Left.

Click here for more details on this amazing townhome.


Buyers’ or Sellers’ Market in the Carolinas?


Buy Sell Scale_Can StockWhat exactly is a buyer’s market?  A Buyer’s Market is when we have more homes for sale than buyers.  In this market buyers can leverage the over-supply of homes to their advantage and get very favorable terms such as lower prices, receive closing costs and can take their time with selection.  Buyer’s markets are often identified with a depressed market or declining market and the obvious signs are very few offers in a buyer’s market – best offer is the only offer you received and it’s really low.

So what exactly is seller’s market?  A Seller’s Market is when we have fewer homes for sale than buyers.  In this market sellers can leverage the under-supply of homes to their advantage and get very favorable terms such as higher prices, pay little to no closing costs for the buyers and get quick turnarounds.  Seller’s markets are often identified with a real estate market that is improving and/or getting hot, with multiple offers in a seller’s market – pick the best of many offers received and often they are over the asking price as buyers are competing.

Another way we track whether we are in a buyer’s or seller’s market is our current monthly supply of inventory.  This market statistic demonstrates how many months of supply would be left if no other seller placed his house on the market.  The breakdown would be the following:

1 to 5 months = seller’s market – price is appreciating

5 to 8 months = balanced or normal market – price is stable

8 months and more = buyer’s market – price is depreciating

So how are we doing in North and South Carolina?  Reviewing the last 12 months ending October, 2013 for single-family homes and condo/townhomes for a few areas in NC and SC:

  • Charlotte, NC = 5.5 months with our best month in 2013 of 4.4 months
  • Triad Region, NC (Asheboro, Burlington, Greensboro, High Point, and Winston-Salem) = 9.5 months with our best month in 2013 of 6.3 months
  • Triangle Region, NC (Raleigh area) = 4.8 months with best month in 2013 of 3.8 months
  • Greenville, SC = 6.7 months with our best month in 2013 of 5.6 months
  • Piedmont Regional SC (York, Lancaster County, Lake Wylie) = 6.9 monthswith our best month in 2013 of 5.4 months

As you can see from these numbers across the Carolinas, our trending for the last 12 months demonstrates we are moving out of a buyer’s market and into a healthy/balanced market, which means a great equilibrium for both sides of the transaction.  The monthly supply inventory numbers of 2009 thru 2012 were often double-digit numbers of 10 months and more indicating a strong buyer’s market for many years, with falling prices.  Now with these monthly supply inventory numbers decreasing into single-digit numbers, we are starting to see price appreciation in all of our markets.  A few of our markets are even starting to evolve into a seller’s market!

So what does all of this mean to you?  It means the NC and SC residential real estate market in 2013 showed solid improvement throughout the year and continues to build strength.  If you are thinking of buying a home, low interest rates and good pricing results in high affordability.  If you are thinking of selling your house, the improving market means more activity and better chances of market-value returns for your equity investment.

Reposted from Allen Tate Blog by Tony Jarrett


Responsibility and Financial Literacy at Home


Health

(Photo credit: Tax Credits)

Parenthood is such a privilege! I don’t think it’s possible for anyone else to be closer to your heart than your children (and your spouse, of course). With that privilege of being a parent, comes responsibilities – many of them, which include love, support, food, clothing, shelter, discipline, and so on.

Responsibility (noun): Taking care of your duty.

When we are blessed with things, it becomes our responsibility to provide continual care and maintenance. This applies to everything we acquire, but with this post, I would like to focus on the relationships of parent-child, family-home, and family-money.

Not only is parenthood a privilege with many responsibilities, but so is home ownership. Taking care of a home has its responsibilities as well, and even more so – a home with children. As parents we lead by example and teach our kids to help with household chores like cleaning their rooms, taking out trash, sweeping, clearing the table, etc. Those are life lessons that will follow children into their adulthood.

In my home my husband and I make sure chores are completed before some privileges. (It comes with battles just like everyone else’s home!) Sometimes, depending on the layout of the day and events, we help our children come up with a schedule to complete their chores and still have their pleasurable activities that allow for fun to come before work. The goal with this is to teach responsibility, self-discipline, and time management. It doesn’t work smoothly or perfectly every time, but it is preparing them for adulthood – if they like it or not.

Financial Literacy (concept): The skill sets needed to make smart financial decisions.

What about teaching financial responsibility? It is just as important. Along with chores, children need to be financially literate as well. Teach them to make smart decisions on spending and saving money. This could be as simple as teaching your kids to compare prices when shopping, letting them help clip coupons, and through allowances. All these instances allow for you and your child to start a dialogue about money-management. Also, understanding credit and credit card use is definitely a big topic that needs to be discussed and its foundation set in all households. My husband is great with this in our home!

Another big lesson in money-management (perhaps the biggest of all) comes from setting a budget for your family and involve your children in learning what will and will not fit into your budget. This is great for teaching decision-making skills, problem-solving, and determining what priorities are. You’ll be rewarded by teaching your children these values of responsibility and money management. The reward is raising responsible citizens.


Home Ownership Enriches Family


English: An icon from the Crystal icon theme. ...

(Photo credit: Wikipedia)

As a mother of 3 beautiful and talented children, I’m always looking for ways to enrich and foster the lives of my children and to enlighten myself as a parent so I’m always researching and reading. During my reading time I ran across some information about children and home ownership that I wanted to share since I am a mother, real estate agent, and homeowner.

While this information isn’t necessarily my personal opinion, I found it interesting to share so take from it what you will. I believe that whether you rent, own, or live in a box, great parenting and communications skills (and other factors) greatly affect our children’s future as well. However, when you have to decide whether or not which route to take – renting or owning – consider the enrichment of home ownership.

There are so many positive attributes that home ownership has on family, especially children. Not only does a home provide safety, security, and meets our basic need of shelter, but studies (one in particular by Donald Haurin – Retired Research Scientist from Ohio State University) show that home ownership increases the likelihood of children obtaining higher levels of education, improved self-esteem and confidence, and lower teen pregnancy rates.

The living environment of the home played a key factor in this conclusion. The results were measured by a survey given to a group of parents. Homes usually have better quality lighting, more educational materials available (a variety of magazines and books), structured family activities, a well-organized play room, a study, etc. Not only did these improved benefits affect children, but also homeowners have more stability and live in homes longer than rentals or other living arrangements. This stability allows for children to stay in the same schools longer and to build strong community relationships.

BOTTOM LINE

Owning your own home (coupled with other factors) adds value to your family and the future of your children. Choose wisely when thinking about whether buying or renting is the best option. It’s a fact that no one knows your situation better than you. No matter where you live (if you’re unable to own a home), make sure your living environment secures and enriches the child.


Decking the Halls Safely


English: A bauble on a Christmas tree.

(Photo credit: Wikipedia)

With the passing of Thanksgiving, it’s now time for us to focus on Christmastime.  In my home we’re putting up the Christmas tree and decorating, getting into the Christmas spirit.

I always love how our home looks and feels after all the decorations are put up.  However, it’s quite a hassle to bring everything down from the attic, check, untangle and test the lights, sort the bulbs, and plan where to put the tree and other decor.  But to protect my investments (family and home), it’s worth it.

Also, with all the twinkling lights, ladder-climbing, cords, and extensions everywhere, we must always keep safety in mind.   During the holidays thousands of people are treated at hospitals and other emergency facilities for cuts, shock, and falls from hanging lights, and insurance companies report millions of dollars in property loss due to fires involving Christmas trees.

How Can We Reduce the Risk?

Here are a few tips that will reduce and minimize emergencies in our homes.  When purchasing an artificial tree, make sure that it is flame resistant (won’t burn easily) and keep extinguishers nearby just in case.  If you are purchasing a live tree, look for a fresh, green tree that won’t lose many of its needles.  Also, location of the tree is very important.  Keep them away from radiators, fireplaces, and avoid blocking exits.

Lighting, such as Christmas lights and candles, can pose problems as well.  Strung lights that have loose or frayed cords or broken bulbs should be thrown away.  If you’re not at home or going to bed for the night, all lights need to be turned off and candles blown out.  It’s very important to note that all lighters or matches should not be within in reach (or sight) of children.  Not only should we secure our lighting, but our ladders as well.  Use a hefty, sturdy ladder and have a spotter nearby for added safety.

While doing all these things, have a good time with family and make memories to laugh and smile over.  Avoid making memories that leave us with regret.


Real Estate’s Black Friday


(Photo Source: Google Image)

We all know the biggest shopping day of  the year is the day after Thanksgiving.  I’m no stranger to Black Friday deals and lines.  I do believe that when great opportunities come along, I must pursue them.  The same is true for most of us.  We like to invest wisely.

Well, the same can be said about the housing market this time of year.  Now is a great time to buy or sell.  Generally around the holidays and winter months, real estate sales are down; however, I’m finding that in my neck of the woods, our real estate market in and around Raleigh, NC is remaining steady.

FOR SELLERS

If you’re considering to put your house on the market, now is a great time.  Buyers are still out there ready to invest.  Also, inventory is down (less competition) so that elevates your chances of selling and getting more attention.  Interest rates are low so buyers are looking to take advantage of great rates.  Just like Black Friday deals, the holiday season is a prime time to market  incentives on your listing, such as a home warranty, allowances, or closing cost assistance.

FOR BUYERS

Just like there are incentives for sellers to sell, there are terrific opportunities for buyers still.  Interest rates – I cannot stress how low they are!!  Interest rates for me are incentive enough!  But there’s more that I would like to mention.  When considering buying versus renting, buying is the better way to go in most instances because the price of rentals are rising.  Also, I’m seeing great incentives for buyers from  sellers – allowances, closing cost assistance, home warranty, upgrades, just to name a few.  Moreover, new home construction sites are offering cash and prizes as incentives to agents and their buyers for investments before the end of the year.

BOTTOM LINE

As with retail sales, real estate has incentives as well during this time of year!  Fortunately enough, the housing market offers excellent opportunities not limited to just a day, but trends that have been consistent and will hold steady for the days and months ahead.


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