Prices are rising, homes continue to appreciate, sellers are getting above asking price, homes are closing in record time, How many of these phrases have you heard or seen on social media regarding the 2022 housing market? We are a bit of a broken record the past two years, but it remains a sellers market, and if you haven’t sold your home, but have been thinking about it, or planning, we want to discuss whether this spring is the right time for a move.

Let's start by considering inventory. According to NAR, in February, the average home sold got 4.8 offers. We are seeing multiple offer situations in The Triangle and well-priced homes are selling very very quickly. Buyers are making considerations like waiving contingencies, putting in offers over…

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Buyers and sellers all want to know with selling prices going up, inventory down, and demand through the roof, are we headed for a crash or a correction? This week we would like to go over some key differences between the market in 2008, during the crash, and the market today. From financing and lending to supply, to foreclosures, there are many reasons to continue to be optimistic and to grow your wealth sustainably in real estate.

Lending in 2008 vs 2022

In the years leading up to the crash, anyone could get a loan. Low down payments with high-interest rate loans were awarded to those with credit scores under 620 regularly. In the years following 2008, there were many homes whose lenders did not properly vet whether borrowers could pay back…

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When you are looking for anything, you most likely grab your phone and look it up online first. We would like to make the case for not conducting a home search online, even though you are reading this online! I doubt anyone who has spent any amount of time on the Internet will be surprised to learn that it's filled with misinformation, some of it intentional some unintentional. The internet is really the last place you should be looking for a Realtor or a house. Listing information can be outdated. Zillow's "Zestimates" and every other automated valuations (including ours) provide rough valuations at best. While "Best Realtor" websites are deceptive, and more. This week we are going to discuss when the internet is and is not your friend in real…

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As many of us have taken stock of what is and is not working in our lives, and homes, in 2021, we make resolutions for improving ourselves, and our homes, in 2022. Some people are naturally organized and neat, and others need some help. If you are considering selling your home, being organized and having the home neat is paramount to getting the best price and terms, regardless of how advantageous the market is for sellers. Remember; "You only get one chance to make a good first impression." Here are some surprising strategies for decluttering that really last through the year. If you are considering selling in 2022, this is a perfect time. Contact My NC Homes for our pricing and marketing strategy. In addition, we will pay to have a professional…

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It occurred to us as we head into the holiday season, that our recent market coverage content is similar to A Christmas Carol by Charles Dickens. A cautionary tale for the Seller waiting for prices to rise another 15-20%. While home prices continue trending upwards right now, they are decelerating or slowing as the Fed has made it clear that it intends to raise interest rates in the next few months. For those looking to sell their home and buy another, sooner may be better than later before rates start to increase. But you do not have to take our word for it. This week, we assembled the top real estate expert predictions for the housing market in 2022.

In our research we came across a wide array of “expert” opinions on the real estate market. Which…

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The past two years have presented a number of unpredictable conditions for the housing market, confounding experts, and novice housing observers. What do you get when you add global supply shortages, labor shortages, a rapid shift in buyer preferences, to a housing market in short supply? Moreover, what also should we expect with regard to inflation and mortgage rates? Is the recent surge in demand and pricing indicative of a boom or are we in for a big bust? Should I buy or sell right now or wait this out? In this Blog, we are going to take a look at the past to give insight to the current housing market. Be sure to check out the link below to last weeks Blog to see what we believe the future holds for home prices here in the Triangle

What are…

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As we head into the holidays, we are still seeing strong buyer demand and while typically this isn't a time sellers flood the market with listing, there are still sellers listing to take advantage of the market conditions. For those of our readers who do not follow our blog regularly, in 2021, and more specifically the latter half of the year, mortgage rates fell below 4% and remain there. As we approach 2022, rates are rising and buyers need to be serious about taking advantage if this climate if they are looking to finance their home. Sellers who are coming to the market are well aware that they have leverage. BUT, and this is the big BUT, sellers cannot ask way above the asking price and expect their home to sell. In this post we will discuss…

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The real estate market right now in The Research Triangle is at an incredibly limited supply, but not every home is getting huge margins above the market value. If you have been considering selling your home and have had discussions with friends, family, or realtors, who suggest you can get way above market value, they may not be the best authorities on what is really selling above value and what is still selling at value. Real estate, like fashion, is subject to some trends, and what buyers look for changes depending on a number of factors. Most notably is our new hybrid lifestyle with a lot more time at home. Here are some of the things that are on today's buyer wishlist. If you want to know if your home is what buyers want, you will find it below

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It is a glorious fall in The Triangle and as the leaves and temperatures are falling, you will need to do some seasonal maintenance to ensure your home is prepared. These tips save money and keep your home in good condition. An ounce of prevention is worth a pound of cure, as the saying goes and this is really with home maintenance. If you are considering selling this winter or fall, these will also need to be on your checklist. Looking for a specialist to help you maintain your home, work on the gutters, or check your roof? Please reach out! We have excellent home maintenance partners.

Get your Mind on Your Gutters!

Your gutters play a critical role in your home by diverting thousands of gallons of water annually off of your home. They drain…

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Homes on The Triangle are going under contract in record time; often selling in less than 48 hours, sometimes before they're available for physical showings. When you list your home in this climate, you need to be ready. The list below was put together to support your move, and help you prepare in advance rather than scrambling when your home goes under contract and you under pressure to MOVE! Take a deep breath, and let us help you manage your selling experience.

Find Your Realtor

Selling a home can be one of the biggest life stressors there is. It can also be one of the biggest financial decisions you will make in a lifetime. To hire a friends "friend" or go by unvetted referrals is a mistake. This is a big deal. There is a lot of money…

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