Fire Your Real Estate Agent?

What do you mean, fire your real estate agent? This is a person, whether you are buying a home or selling your house, that you are trusting one of the biggest financial transactions of your life with.  You enter into a contract with them.  But what if you are not pleased with your interaction with them or the results after you have signed on the dotted line? I recommend professionally speaking with them first and explain why you feel that they are not meeting your expectations. Give them the opportunity to correct the issues.  If, after a reasonable period of time, you do not see the desired results, you do have the right to terminate your agreement.   I am not advocating for everyone to run out and fire their agent, I am just informing you that you do have options to rectify a bad situation.  Even better, do your research up front and interview agents before you make your choice.  It is a large financial commitment.  Don’t you deserve the best person representing you in that transaction?

A Rehabbed Bargain

Hunters View 071
I have had the honor to work closely with a family that has made a couple of real estate purchases here in Fayetteville. They are from NY and most recently they purchased a short sale and it was in really bad condition. The house itself was well made and structurally sound. The issues were extensive cosmetic ones inside. The buyers were able to see beyond the issues and they came up with a plan to renovate the house and resale it. They opened the space up by removing a wall, closing in an outside door and installing a window. Everything in the house is new. Upgraded kitchen and bathroom cabinetry, new tile, carpet and laminate floors, new plumbing fixtures, new HVAC system and new windows. It is not just the fact that it was remodeled, but the quality of the work is outstanding. This house, listed for $108,000, is an absolute bargain with the number of upgrades that were added to it. If you are interested in learning more about this house, visit our website at http://www.debbiewaitleyrealtor.com and search for 905 Hunters View Drive, Fayetteville, NC. The pictures will amaze you and you will be on the phone, calling to schedule your private showing.

Lots of Space in Hope Mills, NC

ImageI have a great house for sale in Hope Mills, NC.  It is in a great location, in the back of a neighborhood, with the yard backing up to a wooded area.  I really would like to get some potential buyers out to look at it.  Like most properties, it does have pros and cons and I would like to take a few minutes to take you on a tour. It starts with location, which I have already described.  It has a sloping back yard, which a lot of people do not like. But this gives the opportunity for a high deck that overlooks the wooded area behind the house, giving it a kind of resort feel. There is a nice, spacious dog run in the corner of the yard that stays. There are also several fruit trees planted in the backyard. The front of the house has a large, deep porch, perfect for multiple rocking chairs. Inside the house, you enter by way of a foyer, which leads into the great room. The great room is large enough for your big furniture and the fireplace is the focal point. The eat in kitchen also has a dining bar, which adds space to your dining area. The kitchen is roomy with a bay window that lets in a lot of light. The master and two bedrooms are downstairs. Upstairs is a great surprise! At the top of the stairs is a wonderful, large landing with multiple built in bookshelves. Everyone can use extra storage!! There is a forth bedroom, plus a bonus room. The children’s bedrooms are brightly painted in their favorite colors. Some people do not like the colors, but really, for the competitive price that this house is listed at, plus a painting allowance, can you not have the house painted before you move in?? The house, with four bedrooms, plus a bonus room, at 2300 square feet, is only listed at $169,000, well below other houses of this size in Hope Mills. So, if you would like to take an actual tour and see this house, contact me and I will be glad to arrange it.

Tough Conversations

Ahh, the good old days.  Do you remember when you finished school, got a job, got married, bought a house, had 2 kids and this defined your successful life.  Things sure have changed.  The world is a different place now and we have to adapt and work through the economic changes also.  One of the effects of the economic changes has to do with the value of your home at this time.  Homes are still a great value.  With interest rates so low, you can buy for the same or less than you can rent.  Housing values will increase in the future.  But the reality right now is that housing values are at an all time low.  Great for buyers…not so great for sellers.  The hardest hit homeowners are the ones that bought 2 to 5 years ago and need to sell now. They bought when real estate was at its highest and are now trying to sell in a less than desirable market.  What this means is that some people who are having to sell right now are going to be faced with selling their home at a loss.  This is a very tough conversation to have to have with a potential client.  Most people would never imagine that they could buy a home, keep it for a couple of years and then have to bring money to the closing to sell it.  This is where your preparation comes in handy.  You explain the comps and you explain the seller’s net worth worksheet.  These are facts, and while they may not be desirable, they are the facts.  I look forward to the time in the future when there are fewer of these conversations, until then, we will continue to present the most accurate information that we can to help the seller to make the most informed decision that they can. How do you handle these situations?

I Can’t Sell My House!!

It is true, it is definitely a buyers’ market right now.  With that being said, there are buyers out there.  We have multiple inquiries every day.  So houses are selling. But, there are many reasons why your house may not be selling, even though it has been on the market for a while.  Some of these reasons can be addressed and put you back in a competitive position.  If you are not currently working with a real estate agent, I suggest you find one that you are comfortable with.  The main reason that people try to sell their house themselves is so that they do not have to pay a commission.  If you are not in a hurry to sell, that may not be a problem.  If you  run the numbers and add up the months that your house is sitting on the market and you are making house payments, it adds up very quickly and you can find that it would have been more cost-effective to have that agent working for you. What can an agent do for you?  To start with they will do a CMA, comparative market analysis.  This tells you how you can fairly price your house in the current housing market.  Price is the number 1 search criteria that people use.  An agent can also give you an impartial, unbiased, unemotional assessment of how your house shows, both inside and out.  Curb appeal does matter.  Agents have a massive internet presence, which is the number 1 way that people are searching for a home.  Your home that is listed with an agent has the ability to be seen by millions.  And last, but not least, when that buyer is found, your agent can help guide you through the legal process of closing that sale.  I encourage you to interview real estate agents and find one that you are comfortable with.  In the current market, you need every advantage that you can get.

Current Real Estate Market

Yes, we all hear over and over what the real estate market is like, but it is not the same everywhere.  Here in Fayetteville, NC it is definitely a little slower than it was a couple of years ago, but we still have a lot of movement with a lot of people moving into the region.  Our biggest challenge right now is new construction versus existing homes.  Let us know what your biggest challenge is and how you are addressing it.