As we say good bye to 2018 and enter into the second month of 2019, we can reflect on some of the highlights in the real estate market last year. 2018 was a good year; however, there are a few trends that we should keep our eye on.
This topic never gets old for Realtors. Watching buyers and sellers trying to buy or sell without hiring a professional real estate broker can be a painful. Our value is often questioned. The reality is, much of what we do as real estate agents is behind and scenes and elusive to the naked eye. The facts are hard to ignore. Ninety-two percent of all for-sale-by-owners sellers end up listing with an agent to sell their home. According to NAR, the National Association of Realtors, more than 8 out of 10 real estate transactions occur with the help of real estate agent or broker. Here are some reasons why having an agent represent you is so important.
We’re starting to get our first glimpse of the 2018 Outer Banks economic picture and the image that is emerging is of a growing and healthy economy. Tourism continues to increase, the real estate market is strong and the indications are that new construction continues to expand.
Understanding the elements of the financial sector is absolutely crucial to be a successful investor in today’s real estate market. Reading between the lines, a little common sense and a professional Broker representing you will go a long way. Knowing when and where to invest your money wisely should also depend on what’s happening with banking rates, mortgage backed securities, current and proposed financial regulations and current state of the stock market.
This topic is two-fold. Photographic deception, or using a Stager to make a home look it’s best so that deception is not necessary.
The current school of thought appears to be this; when listing a home for sale, hire a photographer, temporarily stage the home for photos, and have the pro take magazine quality photographs inside and out. We can pay $200 to $500 or more depending on the photographer and if we have the use of a drone.
So if your office is anything like mine at this time of the year it is less than a finely tuned machine running at full speed. Between the 2nd week of December and the end of the year we have staff out of the office for just under 100 days of combined work. It seems that when you call on any service firm (plumber, surveyor, electrician, etc.) to perform a job at this time of year the story is the same “sorry, we aren’t going to get to that until after the first of the year, you know with the holidays and all we just can’t get it done.”
“US homes more valuable than ever before.” and “buyers unable to find homes” are the most typical headlines you will see any real estate news page. The reason is simple- shortage in the market. But, to you, as a seller, that does not mean that you should just go out there and list you home straight away, no! Here are some tips for sellers in Nags Head, Corolla, Duck, Kill Devil Hills or anywhere on the North Carolina beaches.
Full time residents and visitors alike will agree that the Outer Banks comes alive the second the weather even mildly resembles that of the spring. Children of the neighborhoods congregate and neighbors enjoy conversations sitting on the front porch with the nice breeze. With the spring weather comes spring cleaning. Spring cleaning should not just apply to the interior of the home. The exterior of homes should be considered in the process and a few changes can increase home value and curb appeal. Functional outdoor living space is a trend that is here to stay. Focusing on the outside of your home can not only increase the value, but can also create a wonderful and enjoyable space to entertain and relax all year long. With spring around the corner, now is the perfect time to consider making some changes to the outside of your home.
As an Outer Banks real estate agent for 31 year I’ve heard these questions almost every day, “How is the market?,” “What is selling?,” “How is my neighborhood doing?,” etc.
As the dust settles and the smoke clears from the holiday season, you may think this is a horrible time to have your home on the market. This is actually one of the best times of year to list your home for sale for several reasons: 1) Inventory is usually at its lowest level at the beginning and end of the year, 2) access for buyers to see your home is also easy… much easier than in the summer months; and 3) many potential buyers receive holiday bonuses from the employers or gifts from family members.