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3 Reasons Why It Is the Right Time to Buy a Home in North Carolina

The timing for buying a home in Wilmington, Lake Norman, and Wilmington has never been better. Fall of 2017 is featuring a great market across our sales’ regions.  

Flat Fee Realty’s expert team of realtors have seen great real estate trends as we head to year-end. These trends lead the agents to believe that now is the time to buy!

Flat Fee Realty NC offers home seekers three reasons why a now is the time to buy a home before the end of 2017:  

  • Rising interest rates: It seems like mortgage rates are always rising. But, mortgage rates dropped quite a bit over the past 2 years which is now leading to a slight increase in mortgage rates. However, we can never predict where the rises will stop, so, it’s best to buy now.
  • Shrinking inventory of available homes: This is a problem across the United States, but it is tremendously more challenging in North Carolina. This is due to a growing economy and beautiful weather, and our schools and regional infrastructure. Our cities are ranked as top communities across the country. Families are coming here every single day, and our housing inventory is getting lower. There is quite a bit of new construction coming to help the problem in 2018, yet finding a home now with our help will get things settled for the new year.
  • Increasing home prices: It is the simple law of supply and demand. As the housing inventory in North Carolina lessens, the price of the remaining homes will slightly increase. Across the country, real estate experts are expecting a 2% to 3% price increase as we end 2017 and head into 2018.

There are many important reasons to purchase home this year. However, it may not be the right decision for everyone. If the time is right, contact our team at Flat Fee Realty and set up a time to ask any real estate question.  

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This post on selling and buying a home in North Carolina is brought to you by the team at Flat Fee Realty LLC and is intended for informational purposes only.

Look for our new locations in Wilmington and Lake Norman/ Charlotte

Find us on Instagram!

The Future of Real Estate!

Flat Fee Realty

Triangle: 919 342 5230 

Lake Norman/ Charlotte: 704 659 3560

Wilmington: 910 225 7721

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo: Deposit Photos, 1707662

3 Facts to Know About Open Houses in the Triangle, Lake Norman, and Wilmington

As newcomers move to North Carolina, people are often eager to find the home of their dreams as soon as possible. There are several excellent ways that home buyers can utilize to find their new home, including seeking out a Flat Fee Realty NC agent, browsing potential options with one of our team, and visiting open houses.

Some people may think that open house events are outdated since the internet provides virtual tours, galleries, and more to showcase the listed home. To a certain degree this is true, but there are still benefits to attending an open house, in person, and that cannot be replicated by the internet.

Flat Fee Realty offers three important facts about open houses in the Carolinas:  

  • Open houses have many purposes: For those who are new to navigating the real estate market, it may seem like the point of an open house is to sell the featured home. In many cases that is the end goal. However, it is important to note that open houses are great for traffic and opportunity. Home seekers can connect with people in the industry and get a feel for how they conduct business.
  • Neighbors are often good resources: In theory, an open house will attract serious buyers only, but that’s not always the case. There will always be neighbors and casual walk-throughs and others with no intent to purchase. However, they usually have a wealth of knowledge pertaining to the neighborhood, schools, community, shopping and more.
  • Reality Can’t Be Retouched: Since the internet is a viable resource for home buyers, people can get a view of the house without ever being on the property. This can be great news, especially for those moving from another area or if there is no time to shop in person. Note that internet photos can be carefully shot to hide flaws or to exaggerate space from a specific angle. The benefit of attending an open house is seeing the home in person, without the magic of photoshop or filters to adjust its image.

Open houses are still useful in the real estate market today, especially for home buyers in the Triangle area who are looking to connect with the best of the best in the industry. Contact us at Flat Fee Realty to inquire about local open house events and to meet with our friendly and knowledgeable agents! Terry McDonald and his team in the Triangle, Lake Norman, and Wilmington are ready to help today!

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This post on selling and buying a home in North Carolina is brought to you by the team at Flat Fee Realty LLC and is intended for informational purposes only.

Look for our new locations in Wilmington and Lake Norman/ Charlotte

Find us on Instagram!

The Future of Real Estate!

Flat Fee Realty

Triangle: 919 342 5230 

Lake Norman/ Charlotte: 704 659 3560

Wilmington: 910 225 7721

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo:FlatFee Realty NC Wilmington, Lake Norman, Triangle