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Archive for the ‘Raleigh/Durham/Chapel Hill Real estate’ Category

Here’s how the numbers look January 2018 vs. January 2019 in the Triangle Residential Real Estate Market

January 2018 closed sales

2172 closed sales, 30 average days on market, average list price $288,830; average sale price $284,544

January 2019 closed sales

1967 closed sales, 30 average days on market, average list price $304,496; average sale price $299,608

**TMLS SOURCE OF DATA

Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us.

Companies that will buy your home. I’m sure many of you have seen the ads for companies that will buy your home. They will if you’re willing to leave between 10%-12% of your equity on the table and even higher sometimes. So if you’re selling a $300,000 home in the Triangle, in a hot market where sellers aren’t really affected with too many repair issues and very short time on market then one of these schemes would cost roughly $30,000 in equity, measure this against $18,000 in commission and that’s $12,000 extra dollars coming out of your pocket.

**source Adventures in Real Estate Tech

Tax valuation notifications are out. Some of you might be a bit sticker shocked at what the county thinks your home is worth and of a potential for a property tax increase. The likelihood of an increase in the Triangle Region is good, however it should be nominal if past history is an indicator. Yes, your home ‘value’ may be up but the counties have historically reacted to this increase in ‘values’ by decreasing the tax rate. The rub here? The counties in North Carolina have until mid-year to set their rates. So now…we wait.

See our listings at MLSullivan.com

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Happy New Year!

Here’s how the numbers look December 2017 vs. December 2018 in the Triangle Residential Real Estate Market and 2017 vs. 2018

December 2017 closed sales

3191 closed sales, 47 average days on market, average list price $297,539; average sale price $293,869

December 2018 closed sales

2727 closed sales, 23 average days on market, average list price $313,072; average sale price $309,409

**TMLS SOURCE OF DATA

2018 total sales- 39401 average list price $306,206 average sale price $303,399

Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us. Phone is 919-493-7633 and email is Michael@TeamMichaelSullivan.com

See our listings: Homes for sale and homes for rent

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Need a new home for the holidays? 23 Prestwick Place Durham, NC is on the market. $147,000. 3 bedrooms, 2.5 baths. $2000 in seller paid costs and a warranty. New carpet and new paint through out. Call today to see inside. 919-493-7633 need more information visit TeamMichaelSullivan.com

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Here’s how the numbers look November 2017 vs. November 2018 in the Triangle Residential Real Estate Market

November 2017 closed sales

3066  closed sales, 44 average days on market, average list price $298,089; average sale price $293,840

November 2018 closed sales

2970  closed sales, 25 average days on market, average list price $312,053;  average sale price $308,371

**TMLS SOURCE OF DATA

Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us.

See our listings: Homes for sale and homes for rent

Interested in learning about your neighborhood; including sales data, income data, voting patterns, education levels, water quality violations, commute times…and more? Email us today and we’ll send you a comprehensive report. Michael@TeamMichaelSullivan.com

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Here’s how the numbers look October 2017 vs. October 2018 in the Triangle Real Estate Market
 
October 2017 closed sales
3133  closed sales, 41 average days on market, average list price $289,386; average sale price $286,228
 
October 2018 closed sales
2923  closed sales, 24 average days on market, average list price $301,452;  average sale price $297,622
**TMLS SOURCE OF DATA
 
Do you know someone who might want to sell, buy or lease residential real estate?  We can help: call or email us.
 
See an interesting article about falling sales in California.  Click Here!
 
Interested in learning about your neighborhood; including sales data, income data, voting patterns, education levels, water quality violations, commute times…and more? Email us today and we’ll send you a comprehensive report.

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When selling real estate who doesn’t want top dollar for their home or terrific terms, like cash, a huge down payment and a reasonable closing date?  We all do. I think there is also a good will factor that should be considered.

Good will once gone can take any deal and make it miserable.  Here are a few ways that both buyers and sellers can help to maintain good will and make the purchase or sale of real estate enjoyable.

There will be deadlines prescribed by your contract or for submitting offers; be aware of those timelines and deadlines and try to beat them if possible.  Think about being reasonable and even nice or polite; as the case may be. Yes, as a seller you might want multiple offers, but is it a good idea to make a buyer wait three days in hopes that you’ll get a better or competing offer?  Most likely no, and the first buyers if you ultimately do accept their offer may come with a sour taste in their mouth to the transaction.

Ask yourself is your seller’s agent acting in your best interest?  Perhaps your agent has an agenda of her own which has nothing to do with the sale of your home. Suppose you have multiple offers and one offer is very aggressive with a great down payment, great earnest money or due diligence money and flexible timelines. Let’s also suppose that your agent wants to string parties along with lots of qualifying phone calls to buyer’s agents to ‘get a feel’ for those agents. Let’s suppose that she’s focused on the agent that she’ll have to work with and not the merits of the offer submitted. That could lead to squandered good will, and if you go to contact with any of these buyers your agent’s agenda will color the transaction.  Good listing agents recognize that getting the buyer’s agent onto your side will get the transaction closed and all will end up happy. Agents who are overtly adversarial end up with reputations and those agents often don’t look at the experience or track record of the other agents with whom they may work.

When purchasing a used or lived in home remember that this is still someone’s home and that many owners have roots in their neighborhood. Don’t stalk your new home. Don’t show up without an appointment. Don’t engage the neighbors with questions about your future home or the sellers.  These actions could get back to the seller and will waste valuable good will.

When selling, try to be accommodating to inspections, visits from out of town family who might be zealous to see the new home. Set your boundaries but let the new buyer, their family and their inspectors in if possible. All visitors should be accompanied by an agent.  Remember, once you decide to sell, then the home really isn’t your home anymore, it has become a house that’s for sale, a commodity as it were and a buyer of a commodity wants to interact with what has been purchased. On the flip side buyers should be aware too that there are still household needs and routines that must be tended to during the sales cycle, dogs need walking, homework needs completing, meals need preparing and laundry needs washing and all those tasks must take place at…home!

Finally, when unsure about behavior, turn the tables. Ask yourself, if I were the buyer and the seller did this, then how would I feel?  Of course, that question goes both ways. Watch and listen to your agent too. Actively listen especially during the interview process, often without knowing it people and agents are people will tell you exactly where they are coming from; you want an advocate and a consultant not a warrior.

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54 Citation Drive Durham NC 27713
Offered at $224,900

Charming! A home that makes a statement! Spacious! Well appointed. A kitchen that says wow. Upgraded appliances stay, center island stays as well. Updated cabinets w/ Granite overlay counter tops… a cook’s delight. Added pantry shelving too. Tasteful living room w/ adjoining dining room makes for great entertaining. The bonus…a sun room, office, play space, t.v. room…just imagine. Full unfinished basement, future expansion? Three spacious tree top bedrooms up. Secluded tree top deck. Great neighborhood.

http://www.seetheproperty.com/290390

Open Sunday 10/14/2018 from 2 pm to 4 pm

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