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4 Reasons Why Now is the Time to Buy Your Dream Home

Flat Fee RealtyThe housing market in North Carolina has stabilized and continues to be on the upswing! That’s great news for Triangle buyers and sellers who have been dreaming of selling their current home and moving up to the home they’ve always wanted. Current market numbers support those plans, and there has never been a better time to trade up.

Flat Fee Realty offers these four reasons why now is a great time to make a move:

  • There is strong demand from buyers: Purchasing a new home contingent on the sale of a current home can be troublesome. Luckily, pent up demand has flooded the market with buyers who are ready, willing, and able to buy. Sellers who wish to divest themselves of one home before purchasing another will have an easier time doing so right now.
  • There is less competition from sellers: Housing supply is still historically low. There are currently not enough homes on the market to satisfy all of the buyers. However, home values have risen, and many homeowners who previously wished to sell but couldn’t (due to negative equity situations) are now financially able to sell. More homes will be coming onto the market in a very short time.
  • Housing prices and mortgage rates are predicted to rise: The bottom of the real estate market has come and gone. Nonetheless, prices and interest rates are still relatively low, but will only remain so for a short time. Now is the time to lock in a low mortgage rate and take advantage of increased buying power. Waiting will end up costing more, in both down payment and mortgage payment.
  • It’s time to make a lifestyle change: There are many reasons to buy or sell a home, and when it comes down to it, most of them aren’t financial. Perhaps more space, a more desirable location, or a shorter commute to work or school are important. Sometimes, life necessitates a change regardless of what the real estate market is doing. Luckily, the numbers favor moving up at this time.

Selling one home while simultaneously buying another can be hectic and complex, and homeowners are often hesitant to put their families through the stress of a move. Flat Fee Realty wants homeowners to know that market conditions are excellent right now in terms of moving up to a dream home.

Are you looking for a great real estate agent to help you navigate the ups and downs? Give us a call today!

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

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Contact Us

Terry@FlatFeeNC.com

Photo: Flat Fee Realty

 


 

 

The Independent Triangle 5 Step Seller’s Guide To Showing A Home

FFR- Sept 22 Pic- 10066250When a Triangle homeowner chooses to sell a home without the assistance of a real estate agent, they are usually looking to save money on an agent’s commission. However, independent sellers also understand that savings can sometimes be a challenge for the significant time and effort that must be spent to market and sell the home. One of the many necessary tasks is showing the home to interested buyers and their agents.

To make the most of each and every showing, independent sellers in North Carolina should follow these five tips from Flat Fee Realty:

  • Set the stage: When it comes to making an excellent first impression on buyers, nothing beats a well-staged home. Make sure the entire home is clean and in good repair, but don’t stop there. Consider taking an uninvolved person (like a neighbor) through the home to get a different perspective. For more staging advice, read our blog post on the topic here.
  • Give prospective buyers space: Resist the urge to tag along, rattling off a list of the home’s features. A home will sell itself without any persuasion by the owner, and heavy selling is a turnoff to buyers. Stay at a respectable distance and be available for questions, but otherwise let buyers lead the way.
  • Point out “hidden” features: While there’s no need to state the obvious (“this is the kitchen…”), feel free to draw attention to upgrades that aren’t readily visible. For example, maybe the air conditioning system was recently replaced, or the master bath has thermal floors.
  • Ask for feedback: Sellers can learn from every showing. However, buyers can be reluctant to give feedback (especially if it’s negative) directly to a seller. To encourage buyers to linger, consider leaving a stack of preprinted questionnaires or a guestbook in the kitchen next to a bowl of candy or snacks.
  • Reconsider open houses: Open houses can add to a home’s exposure, but there’s little hard data suggesting that they regularly lead to sales. Agents typically hold open houses because clients expect them to, and to bring themselves more business (by offering their services to unrepresented buyers and sellers who attend). So, if you don’t have the time or inclination to host an open house, don’t stress about it.

Selling a home independently requires a seller to wear many hats. Sellers become a sales, marketing, and customer service team. If it sounds overwhelming, well, sometimes selling a home is just that. For homeowners who want to sell by owner, or those looking for a full service partner, Flat Fee Realty can do what it takes to get a home sold. Give us a call!

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

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Contact Us

Terry@FlatFeeNC.com

 

Photo: Renjith Krishnan, Freedigitalphotos.net

 

 

 

3 Must-Use Apps for Triangle Home Buyers and Sellers

FFR-100266681-freedigitalphotosAccording to the 2013 National Association of Realtors® Profile of Home Buyers and Sellers, 92% of respondents used the Internet to support the buying and selling process. Over 90% of those individuals also retained the important services of a real estate agent. Real estate agents provide an irreplaceable and invaluable service, but even the best agent simply can’t be with each buyer or seller 24/7.

Flat Fee Realty wants buyers and sellers to be confident in every decision they make.

When researching the North Carolina real estate market, try one of the following three apps guaranteed to enhance your buying or selling experience:

  • Check out any house, anytime, anywhere: Useful for both buyers and sellers, Homesnap (for Apple and Android) lets users take a photo of any home and get basic details about the property. It also estimates a range for which the property will most likely sell, suggests similar listings, and shows recent nearby sales. For potential investors, Homesnap even scores the property on its potential to produce cash flow.
  • Get the latest information on any neighborhood: AroundMe lets users (of both Apple and Android devices) in on many neighborhood features that they wouldn’t typically find in an MLS listing. It searches for amenities of all kinds like parks, hospitals, coffee shops, banks, movie theaters, and more. Buyers can use the app to find out if an unfamiliar neighborhood might meet their needs, while sellers can boost the desirability of their listing by drawing attention to local businesses and amenities.
  • Brush up on your real estate vocabulary: If a seller chooses our Flat Fee Marketing Plan (as opposed to our full-service listing package), they’ll be shouldering some of the listing responsibility themselves. Download the Dictionary of Real Estate Terms to stay in the know and level the playing field with experienced buyers and agents. This particular app is for Apple devices only, but similar versions exist for Android.

The Internet can be a great resource for buyers and sellers to stay connected to their local real estate market. However, the sheer amount of data available can trigger an information overload, adding uncertainty to a process that already has its share of confusion. Have questions about buying or selling? Give Flat Fee Realty a call and let us help you get started.

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

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Contact Us

Terry@FlatFeeNC.com

Photo: Stuart Miles, freedigitalphotos.net

 

 

4 Facts to Consider Before Selling a Home in the Triangle “By Owner”

scott chan fdpAll home sellers across Raleigh and the Triangle want to receive top dollar for their homes and sell them as quickly as possible. Only a small percentage of home owners decide to take the adventurous route and attempt to sell a house themselves. Is For Sale by Owner (FSBO) a good idea?

Here are four important facts that Flat Fee Realty believes Triangle home sellers should consider before taking the plunge and putting up that sign:

  • FSBO listings are a significant source of sales leads for agents: Home owners should expect to be contacted regularly with sales pitches. Many agents will provide FSBO’s with free market analyses and sales comps in the hopes that if or when selling by owner becomes tiresome, the seller will be calling them. In the meantime, take advantage of all the free tools and figure out which agents are honest and forthright, and who will work for you.
  • Selling as a FSBO is not free: Most FSBO’s decide to sell using this method to avoid paying a huge commission that can run up to seven percent of the home’s sale price. While that’s definitely an incentive to consider, selling as a FSBO isn’t completely cost-free. Homeowners must pay out of pocket for promotional signage, advertising, flyers, newspaper ads, websites, rack cards, and more. Many FSBO’s opt to offer an incentive or commission as well (usually around 2.5%) to the buyer’s agents to ensure their home gets shown.
  • Listing a home is almost a second job: It’s a big mistake to think that once a “for sale” sign is planted in the front yard, it’s time to sit back and wait for buyers to come knocking on the door. Selling a home requires a significant marketing push, receiving calls at odd hours, answering inquiries, making appointments, showing the home during the day or early evening, and hosting open houses every weekend.
  • The devil is in the details: Chances are that an agent will represent the prospective buyer. Experienced or not, it’s likely that the agent will be aware and ready to negotiate around subtle but key aspects of the sales contract. Consulting with a real estate attorney can keep FSBO’s competitive; but again, expect to pay high legal fees for the service.

Owners will often forego the expertise of a traditional real estate agent in hopes of saving money. There’s nothing wrong with that if a seller is willing to put in the time, effort, patience, and consistency to be successful.

Consider the above information we have presented as a public service and know that Flat Fee Realty truly is the best answer for a cost effective and smooth sale. Consider the enormous advantages of our marketing package.

Give us a call today to find out how Flat Fee Realty can partner with home owners who believe in value for both the move and the successful sale in the Triangle.

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This post on selling a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended as a service for informational purposes only.

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Contact Us

Terry@FlatFeeNC.com

Photo: Scott Chan, freedigitalphotos.net

 

6 Tips for Selling Homes in the Triangle

stagingSummer is here in Central Carolina and the Triangle real estate market is booming! Warm, sunny weather and long hours of daylight have potential buyers on the hunt for their next home. It is the perfect time of year and the height of selling season. Now, what can the seller do to turn lookers into buyers?

These six selling tips offered from Flat Fee Realty will help get any home ready for showings, offers, and most importantly, a sale:

  • Roll out the red carpet (or maybe just a welcome mat): All joking aside, a little curb appeal goes a long way. Purchase a new, clean doormat, and add some colorful, potted flowers for the porch area or near the front door.
  • Neutralize it: Paint the interior in a sophisticated, basic shade. Provide a blank slate using gender-neutral beiges or grays to help buyers envision themselves in the home. Fresh paint smell is a very positive bonus for people wanting a “turn-key” house.
  • Focus on the three “De’s”: De-clutter, depersonalize, and detail clean. Clear all the counter and tabletops. Pack up pictures and knickknacks, and keep everything spic and span.
  • Follow the 30% rule. Closets and storage space are big selling points, especially in areas like the Triangle (where basements are rare). Aim for 30% empty space in these areas to accentuates their spaciousness.
  • Reduce and rearrange: Remove a few non-essential pieces of furniture to open up the rooms. Take what is left on the walls and arrange everything in a way that highlights the flow of each room.
  • Consider a pre-listing inspection: Every house has local competition. The house has to stand out over the rest. An inspection will alert the homeowner to any potential issues in advance (rather than waiting for them to pop up in the buyer’s inspection). Leave a copy on display at showings as an additional selling point.

Selling your home (not to mention finding a new one) can be an emotional and logistical rollercoaster. Whether homeowners take on the challenge as an FSBO (for-sale-by-owner) or are looking for a highly qualified, full service agent; Flat Fee Realty can help. To find out how, give us a call!

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

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Contact Us

Terry@FlatFeeNC.com

Photo: coco+Kelley/Foter/Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0)

 

 

2 Ways Flat Fee Realty in the Triangle Saves Homeowners Money

Flat Fee RealtyIndividuals and families in the Triangle move for any number of important reasons. Among the options they consider is the possibility of selling by owner. If you tell this to “big name” real estate agents, they will tell you that it is a bad idea.

It’s true that selling a home can be stressful, tedious, and often full of surprises and pitfalls. It is probably for those reasons alone that most sellers do not consider the For Sale by Owner process. They think it will be even more headaches.

Many people who want to sell their home on their own do it or one important reason. It can save money. Specifically, most people do not want to pay a large commission to a real estate agent (usually 5-7% of the sale price) for services they might not need or believe they can handle themselves.

Flat Fee Realty in the Triangle can actually reduce those large realtor costs and support the sale of a home in a variety of ways. As the Future of Real Estate here in North Carolina, our company provides everything you need and nothing you don’t, without the hidden costs or fees.

At Flat Fee Realty our strategies are different from the traditional brokers and national chains.

Here are two ways we help sellers keep a bigger portion of their property’s assets:

  • We streamline the sales process by focusing on the most essential services—only those proven to positively affect the home value and how quickly it sells. This allows us to provide our services at an amazingly reasonable rate (customized plans start at just $795).
  • Our packages are customized for sellers with a wide variety of needs. Our Flat Fee Marketing Plan works best for more experienced sellers who simply need access to the Multiple Listing Service (MLS) and the Centralized Showing Service (CSS). Our Flat Fee Plus plan provides full service representation and is perfect for sellers who want comprehensive guidance throughout the entire sales process.

With over 40 years of combined experience in the real estate industry, we’re ready to help you accomplish your goal of buying or selling a home. Curious about how we work? Give us a call today!

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

The Future of Real Estate!
Flat Fee Realty
919 342 5230
Contact us
Terry@FlatFeeNC.com

 

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