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.

Reliability of Real Estate Information

As I work with a lot of home buyers and sellers, I can constantly see the effect of the HGTV network and the internet. These are great forums and buyers and sellers are coming to the table much better informed than they were 5 to 10 years ago. My word of caution to you is to realize that real estate, like many economic issues, is very geographically specific. It is true that there are general trends that affect everyone, such as tighter credit criteria, more foreclosures, lower housing prices and lower interest rates, that still varies greatly from one locale to another. When I have someone come into the Fayetteville market and expect to be able to buy a foreclosure at 1/2 the asking price, because that is the way that it happens on television, I have to explain to them that is not the reality in our market. Also, as I was getting ready for work this morning, I had HGTV on (yes, I love their shows), but the couple trying to sell their home and discussing their options had a calendar hanging on their wall for 2010, three years ago. A lot changes in three years and from place to place. So my advice to you is to learn what you can from television and the internet, but find a very good real estate agent that you trust and then let them guide you through the process. They are the expert in your local market and they will be able to give you the best advice.

To Stage or Not To Stage

We had a great meeting today at our Real Estate Office with Abracadabra Home Staging of Raeford, NC.  We are constantly trying to improve the service that we give to our clients.  With so many houses on the market today, we need to make sure that the houses that we list highlight their best features and stand out among the masses.  Thus, we called on the expertise of Tameka, the home staging magician.  She gave us a lot of good advice and information today that will help us help our sellers.  I intend to hire her to help me improve the marketability of a house that I recently listed.  The house has so much potential and Tameka will go in and work with the home owner to showcase that potential.  I know that the work that she will do will greatly improve my chances to help the owner sell her house sooner.  I’ll keep you informed on our transformation of the target house and our results. Contact me if you want Tameka’s contact information.

What is My House Worth Today?

I love working with sellers. I like helping a seller market their house so that they can sell it in a timely manner. A lot of people are currently considering whether they can sell their home for a price that they are comfortable with. Unfortunately we all know that there has been a negative inpact on the value of our homes in the last several years. I frequently am asked to provide someone with an analysis of what their house is worth. This can range from a fairly simple process for some houses to a very time consuming task for others. What I am able to provide is a comparative market analysis, backed by data, that shows you what your house should be worth in the current market. I can also help you to figure out how to take that number and back out the expenses of selling it so that you can derive your net profit. I am not here to tell you whether you should sell your house or not. I am here to provide you with as much accurate information as I can to help you make the best decision that you can. So, if you are considering a move, whether in the next couple of months or longer, please contact a real estate professional and ask them to provide you with a CMA and Net Profit Worksheet to assist you in your decision. Use our expertise to your advantage.

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.

Thinking of Selling Your House?

People sell their houses for different reasons.  They may have to relocate because of employment or the military.  They may be considering a larger house or a smaller one, because their family needs have changed.  A more prevalent reason lately has been because of economic hardship, maybe caused by unemployment.  What ever the reason, there is usually emotion attached to making the decision and throughout the process.  The reason that a person is selling maybe involuntary and so there may be anguish about a move.  Even if the move is voluntary, there is often an emotional attachment to the house because of family events that occurred while you resided there or maybe you  personalized the house and put a lot of yourself in it.  Either way, it is a huge, important decision and you have to be very careful that the decisions that you are making are not based off of emotion.  One of the largest stumbling blocks for most sellers to get past is their impression of what their house is worth and what it is really worth in the market today.  Having the right real estate advisor guiding you through this process is extremely important.  The advisor can give you an impartial, informed comparative analysis of your home.  They will pull statistics of comparable houses that have sold recently and show you how your house compares.
The real estate advisor can give you unbiased advise on how to present your house.  Yes, maybe your favorite color is hot pink and you are really happy that your living room and your dining room reflect your personality, but $100 of paint may be the difference in whether you home sells or not.  Remember, the final decisions on any aspects of selling your home are entirely up to you, but do consider getting professional advice from a trained realtor to help you get the most out of the transaction.