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3 Big Trends in the Triangle Home Buying Play Book for 2017

Welcome to 2017! What will the future hold for homes and real estate? As a new year begins, many Triangle homeowners are wondering what the local region will look like this year. And the professionals at Flat Fee Realty can tell everyone, and with certainty, it will be another strong year for home selling and buying in and around Raleigh.

Of course, there will be a lot of subtle changes in the Triangle and Central North Carolina real estate market this year due to the state and national election. The different directions the economy might be heading with brand new leadership in Raleigh and in Washington will be interesting.

As the “Future of Real Estate” and experts in the marketplace, Flat Fee Realty offers three major trends that could shape the market in 2017:   

  • Rising Mortgage Rates: At the end of 2016, following the election of Donald J. Trump, we saw a slight increase in home mortgage rates. While the rates in Raleigh continue to increase slowly, this trend could slightly impact the number of homes on the market and the number of home buyers looking for Triangle homes.
  • Millennial Home Buyers: The millennials are coming into home ownership in a big way and many millennials are beginning to buy local area homes around Apex, Cary, Holly Springs, and Morrisville, including the broader Raleigh area. In this still hot home market, there is a shortage of homes for sale. With more home buyers in the market, there continues to be demand for houses across the Triangle.
  • Rise of Medium Sized Cities: Companies like Fortune are forecasting an increase in home buyers choosing property in medium sized cities like Raleigh. In the Triangle area, our major metro areas like Raleigh and Durham will grow and flourish with home importance. This trend will continue to create demand in a variety of additional towns across the region as well.

Home buyers and sellers need to adjust their play books for the real estate season ahead. This is great news for the Triangle real estate market! The “coaches” at Flat Fee Realty are available to guide and support every buying and selling need.  

While the Triangle area has experienced low inventory issues over the past couple of years, shifts in the real estate market most probably could alleviate some of that concern in 2017. As the local real estate experts in the Triangle, our team at Flat Fee Realty suggests talking to one of our agents before deciding if it is indeed the right time to buy or sell a home. For a free consultation, call our team at Flat Fee Realty today to set up a Triangle real estate appointment 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

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Terry@FlatFeeNC.com

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3 Important Reasons Why Ringing in the New Year with Flat Fee Realty Makes Cents!

Merry Christmas and Happy New Year everyone! Selling a home can be a stressful endeavor for Triangle homeowners during the Holiday Season and into the New Year. The housing market in Raleigh and the surrounding area has many prospective buyers looking for homes in the Capital City, Apex, Cary, Morrisville, and Holly Springs among others.

Listing a house “For Sale by Owner” (FSBO) might seems like a good idea for home sellers who think they will be saving and making money when the sign goes up. It is not as easy as it is in theory; often the reliance on a real estate agent knowledgeable in local and the Triangle market will be an advantage.

Our real estate market experts at Flat Fee Realty explain three reasons why FSBO is as much of a challenge as it is a risk for home sellers and buyers:  

  • The FSBO market is often a challenge: A fairly recent study by the National Association of Realtors reports that sales of homes listed as FSBO accounted for only 9% of all home sales; the FSBO market peaked at 14% in 2004. Smaller numbers mean more challenge.
  • Marketing is never easy: A local Flat Fee Realty professional knows the market and the listings. Yard signs, Facebook postings, and newspaper ads may seem like the current methodology for selling a home, but relying on these strategies can place a novice seller at a disadvantage. Plus, working with Flat Fee Realty can boost the chances of a qualified sale; listing the home on the Multiple Listing Service (MLS) is a great factor.
  • Limited availability for potential buyers: Many potential buyers can place multiple demands demand on the seller, and at a moment’s notice. For Triangle working professionals and parents, this can be a problem both with schedule and time. Having an expert Flat Fee Realty agent can minimize stress and manage the showings.

Listing as home “For Sale by Owner” can have considerable drawbacks that can affect selling success.  For those looking to sell a home across the Triangle, please contact our expert agents at Flat Fee Realty for exceptional service and insight into the Triangle housing market.

May everyone have the most wonderful Christmas and Happy New Year! 

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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

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo: Flat Fee Realty in Morrisville

 

3 Important Facts of Less Concern for Triangle Home Buyers

bus-19069_960_720-public-domain-christmasThe Triangle Region of North Carolina is one of the most popular locations in America. The job opportunities, the mild temperate climate, and the beautiful locale near both beaches and mountains create the perfect place for new residents. Since many newcomers are young professionals and Millennials, most are probably first-time home buyers and unfamiliar with much of the new home buying and selling process.

Fortunately, our Triangle-based professional team at Flat Fee Realty is prepared to offer expert advice on what is takes to look for, and compare homes in the Raleigh, Morrisville, Cary, and Apex areas. This process doesn’t have to be a confusing one, and knowing what to focus on while searching for that dream home will make everything easier to understand.

Flat Fee Realty offers three important facts that home buyers should be less concerned about when searching for a new home in the Triangle:  

  • An abundance of clutter: If the holidays are a stressful time for home buyers, know it is as well for the home owners. Sometimes showings and walk-throughs will be announced with very little notice, and people may not have time to prepare everything for showing like they would want. As a buyer, simply take along some measuring tape to make sure furniture will fit, and try to ignore any clutter in closets, garages, and spare rooms.
  • Older appliances and kitchens: Some homes may not have stainless-steel appliances, or have kitchens equipped with smart technology. Although these are nice amenities, don’t let them be deal breakers. Consider designating some of the home purchase budget for appliance upgrades. Good homes can always improve with the needed amenities.
  • Outside opinions. There will be plenty of opinions given from neighbors, friends, and family members. They might not like certain aspects of the new home choice. There are only two important decision makers in the home buying process; the purchaser and Flat Fee Realty. Everything will and always has fallen into place.  

Viewing homes is the most enjoyable part of the buying process. Remember to be firm with needs and wants and keep an open mind during the process. One thing is for certain. We can find the home of your dreams.   

Contact us at Flat Fee Realty and get connected with one of our professional real estate experts!

Merry Christmas and Happy New Year everyone!

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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

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

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This entry was posted in Selling and buying homes in the Triangle and tagged Apex, Buyers, Cary, Durham, Flat Fee, Flat Fee Realty, Fuquay-Varina, Holly Springs, Home buying, Home selling, Houses for sale in the Triangle, Morrisville, Multiple listing service, Posted in Selling and buying homes in the Triangle | Tagged Apex home sales, Raleigh, Raleigh Home Market, Realty, The Future of Real Estate!, Three Reasons Why Fall and Winter are Great for Selling Triangle Homes, Triangle Home Market, Triangle home sales, Triangle real estate, Triangle schools.

 

 

5 Crucial Factors in Triangle NC Home Selling

vichaya-kiatying-angsuleeTriangle home buyers and home sellers may find the home appraisal process somewhat confusing.  Many individuals considering a change believe a real estate appraisal determines the “real value” of the home for sale.  However, appraisals actually help determine the amount a Triangle mortgage moneylender will lend on a local home purchase. An appraisal too low can limit the credit extended; an appraisal too high can leave the appraiser vulnerable to issues that could hamper a purchase.   

Our professional team at Flat Fee Realty understands that the appraisal process is crucial and important information.  In fact, most everything involved in the process of home buying and selling depends on the all – important appraisal.

Flat Fee Realty offers five crucial factors that could make or break a home appraisal:

  • Assessments: There are different values for a home. The value of a house is done by a local government for tax purposes. It serves as “additional evidence” for the appraiser.
  • Triangle location: An appraisal may include a comparative market analysis (CMA); which looks at similar type homes, considering variables such schools, traffic patterns and other surrounding factors such as privacy and view.
  • Triangle real estate markets: Important factors to consider include supply and demand, and the economy of the local and national home markets. Sometimes a low appraisal is more about the challenges of a local market than the house in question.
  • Physical demographics: This information includes age of the structure, the square footage, the amount of bedrooms and bathrooms, the age of the roof, siding and driveway. The appraisal will also reflect the age of the HVAC system, the quality of the initial construction and the value of fixtures, such as floor coverings, and plumbing. In storm-prone areas, drainage may also be important.
  • Purpose of the appraisal is important. Flat Fee Realty and the seller determine the price of the home based in part from the appraisal. A Triangle buyer may need to compare home value in different neighborhoods and price ranges. Lending institutions often want an independent appraisal as well.

An experienced Flat Fee Realty agent is knowledgeable when it comes to assessing low appraisals; there are also other complex issues involved in the buying and selling of local Triangle area real estate. We provide assistance in navigating the often confusing buying or selling process. Flat Fee Realty is here to help. Give us a call with your questions today!

Have a great and joyous Holiday Season!

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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

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo: stuart miles, freedigitalphotos

 

 


 

3 Considerations That Help Chose the Right Triangle Real Estate Agent

meditations-pixabayBuying or selling a Triangle home can be hectic, but finding an experienced and successful real estate agent can alleviate any additional stress! The team at Flat Fee Realty possesses local, regional, and state   housing market knowledge that can help empower both home buyers and sellers to make the right choices at the right time for the best deal.

With so many options in the Raleigh area marketplace, it can be overwhelming to decide the right partnering and opportunity.

Flat Fee Realty offers three considerations to look out for when choosing a Triangle real estate agent:

  • Ask friends and neighbors for referrals: If a family or friend has recently sold or purchased a Triangle home, ask about their experience. Many of our Flat Fee Realty clients will likely be happy to share their experience and give some advice. Part of finding a great real estate agent is doing a bit of research, so utilizing referrals from trustworthy sources is a good way to start.
  • Check for licensing: Our agents at Flat Fee Realty are licensed and often hold certifications in specialized training. Realtors licensed by the state are simple to research. Also, specific certifications may hint toward expertise and fit.
  • Be ready to ask the important questions: After researching agents it’s best to have plenty of questions prepared for each of them to answer. Ask about current listings, market trends, and what recent homes have been listed and their selling price. This will allow buyers and sellers the opportunity so assess both commitment and experience. Flat Fee Realty agents who are chosen will be important to the transaction and will provide all the information necessary to make this important decision with all the facts.

The Triangle and Raleigh housing market is a great one and we want our clients to know what is best for them at all times. We are eager to help guide everyone through the process. Buying and selling in this hot market is what we do best!

Contact us at Flat Fee Realty today to see your home buying and selling options in the Triangle area!

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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

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo: meditations, pixabay

Three Reasons Why Fall and Winter are Great for Selling Triangle Homes

miles-house-fdpSome people in the Triangle believe it is almost impossible to sell a home once the temperatures drop and the year approaches the New Year. At Flat Fee Realty, the Triangle’s local real estate specialists, we know that home buyers in and around Raleigh will purchase the perfect home any time of year. Homes indeed sell, and right through the winter with the right agent who helps promote and guide the real estate transaction.

From Flat Fee Realty, we present three reasons why fall and winter are two of the best seasons to list a home in the Triangle:

  • Higher sale prices in the Triangle: Residential properties from Apex, Cary, Raleigh, Morrisville, Holly Springs and beyond are continuing increasing in value. Sellers can  find the buyers willing to pay market value, especially as we head to the holiday season and the beginning of 2017. There is great chance that people will continue to look and submit offers regardless of the season. There always is year around opportunity because of the mild winters and lack of snow. At Flat Fee Realty our team of professionals can find the perfect buyer willing to move into a new home any month in any year.
  • Fewer homes for sale in the Raleigh and Triangle area: Homes hold their value regardless of the month. In fact, there might be a fewer choices as well. As a very general rule, home selling and buying popularity reaches its peak in spring and into early summer. Although the quantity of homes might be less in winter than spring; there is still Triangle home selling and buying every single month of the year. It is a sellers’ market in both warmer and cooler months and homes sell in this market.
  • Very motivated buyers: If the market is a little smaller as the end of the year approaches, it can mean more buyers too. Many people are very motivated to get in before New Year’s Day.  People are always willing to look for homes this time of year, and finding the one that meets their needs is just as important in November as it is in June. And buyers are often more qualified and interested, and willing to accept pricing. This is good news for sellers.

Of course, it is best to show a house with great curb appeal by making sure the property is cleared of leaves and the outside is neat and trim. The more natural light in the rooms, the better, and it is important to use timers and modern technology to keep the lighting pleasing after dark. Always make sure that the house is cozy and warm, with fireplace burning, to make it even more inviting. With good staging and timing, anyone can sell a home this time of year! Give us a call and we will put everything together. W are the future of real estate in the Triangle. 

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.

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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

Find and like us on Facebook!

Contact Us

Terry@FlatFeeNC.com

Photo: Stuart Miles, freedigitalphotos

 

 

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