Up Your Home’s Resale Value with These 5 Outdoor DIY Projects

Spring is here, and summer is closer than ever. That makes it a great time to get outside and spruce up your home’s exterior!

If you’re planning on selling your home soon, a little outdoor maintenance can go a long way. In fact, here are five outdoor projects you can do yourself that are sure to add resale value to your home.

Install a Fire Pit

Fire burning in a backyard fire pit.

Imagine spending a warm summer evening out back with your friends, sipping cool drinks and roasting marshmallows over an open fire. The truth is, installing a fire pit is easier than you might think!

A fire pit is made out of fireproof materials and should sit on a flat surface at least 15 feet away from your home and any trees. Here’s a how-to guide for building a backyard fire pit.

Remember, check your local building codes before beginning any type of construction!

Don’t have a yard for a fire pit? Turn your balcony into a cozy dining area instead!

Add Some Outdoor Lighting

Transform your backyard space for summer with lights that add both ambience and security. You can safely add low-voltage lighting to your front or backyard by yourself, even if you don’t have extensive electrical experience.

Whether you opt for motion-activated LED lights or hanging fairy lights, you have some great options to consider for your yard!

Have a nice back deck or balcony? Add some lights to make it a great place to gather any time, day or night.

Fix the Front Door

A front door with a key in the lock.

Your front door should be clean, bright, and welcoming! After all, it’s the first thing potential buyers will see when they enter your home.

There are a couple of different options to freshen up your front door. If it’s very old or damaged, you could replace it altogether. Other options for sprucing up your door include painting it a different color,touching up the paint job, or replacing the doorknob or knocker.

Live in a condo with an interior front door? You can still spruce up your entryway with a nice welcome mat and some potted flowers.

Power Wash the Exterior

Dirty siding on your home can make it look old and neglected, which can be a major turn-off for buyers! A simple solution to get your home’s exterior looking like new is to rent a power washer to take care of any dirt. We recommend renting a heavy-duty, gas-powered pressure washer, as these are the most efficient.

Depending on your home’s specific material (vinyl, stucco, brick, etc.), you will need to obtain a specific type of detergent to power wash your home. Be sure to opt for an environmentally friendly version!

Refresh Your Landscaping

The front exterior of a home that's been manicured with trimmed shrubs and flower beds.

Taking the time to properly maintain your landscaping—and adding a few new features here and there—can both increase your home’s resale value and attract more buyers. After all, real estate is all about the curb appeal!

Installing an attractive stone walkway, mulching your flowerbeds, planting new flowers or shrubbery, and planting trees are all great ways to improve your home’s landscaping.

Don’t have a yard? You can still spruce up your entryway and outdoor areas with potted flowers or hanging planters.

Looking for More Home-Selling Strategies?

Linda Craft & Team REALTORS® can help you increase your home’s value and get it sold fast.

Contact our team today to learn more.

Working with Us, Versus the Competition, to Sell Your Raleigh Home

Selling a home is a complicated, and time-consuming process. When done correctly, however, it can transform your life for the better and help you build long-term wealth.

As such, we believe that it’s important to work with a certified expert to sell your home in the greater Raleigh area. That’s why we’d like to take a minute to show you the proven benefits to working with our team.

Our Experience Shines

White home entrance with luxury features.When you tally up the experience of every single person on our team, you get more than 350 years of direct experience selling homes in the Triangle.

Compare that to 50% of Triangle area agents with less than 5 years of experience.

Plus, our experience includes:

Negotiating

This is a big part of selling real estate! You have to know how to negotiate with the buyer for the best possible outcome. Our team has negotiated and closed over 10,000 real estate transactions.

According to the National Association of REALTORS®, the average Realtor sells about 6 houses per year.

Pricing

Our Exclusive Listing Partners specialize in pricing homes all day, every day. We specialize in focused expertise, which is why each of our listing specialists is able to close 20 times more homes than the average agent.

We list and sell over 100 homes each year, and have correctly priced and closed over $2 billion in real estate.

Handling Contracts

A stack of papers sitting on a desk that reads "Real Estate Purchase Agreement."It’s no secret that selling a home comes with a lot of paperwork. Luckily, at Linda Craft & Team REALTORS®, our 30+ years of experience handling more than 10,000 contracts in the Triangle gives us the expertise to help you with all the disclosures and paperwork necessary in today’s heavily regulated environment.

An In-Depth Understanding of Market Conditions

When it comes to any business decision, we firmly believe that knowledge is power. That’s why we aim to empower our clients with a pre-listing consultation in order to fully understand today’s market conditions and the best ways to succeed in the Raleigh real estate market. Over the past 30+ years, we have used our in-depth market expertise to help our clients win during the toughest times in history (think the Savings and Loan Crisis, the Dot Com Bust, and the devastating Mortgage Crisis of the 2000s).

In a good market we leverage all our past experience and knowledge to assure the best results for our clients. Our team wins when our clients win!

Here’s a Breakdown for You

Of all the advantages that come from working with our team, Linda Craft & Team REALTORS®:

  • Experience of over 30 years in this area
  • Proven track record of bringing their clients success with over 10,000 homes closed
  • Unsurpassed world wide marketing causing their listings to sell faster
  • Expert negotiations that net our sellers higher returns on one of their largest investments
  • Dedicated closing manager so no detail is missed that could cause closing delays
  • Free staging advice from a professional home stager
  • Professional photography and drone photography
  • Appraiser for accurate square footage and compliance
  • Free moving truck, notary service, and shredding service
  • Vacant home service by a trained and dedicated team member
  • Fix and Flip interest-free financing
  • When you choose Linda Craft & Team you are supporting a local, woman-owned business
  • Invitations to client appreciation events all year long
  • Referrals to home-care professionals offering discounts

Ready for Real Estate Success in the Triangle?

We’re ready to help. Give our team a call today to learn more about your options for selling your home for top dollar in the Greater Raleigh Area.

A Quick Study Guide on What “Affordability” Means in Raleigh Real Estate

A calculator next to an outline of market trends.When we talk about “affordability,” a lot of definitions may come to mind. For real estate specifically, affordability is something of a hot topic.

While it is true that buying a home is less affordable today than it was at any other time in the past decade, that has a lot to do with the real estate market crash of 2008.

If you’ve been in the real estate game for a while, you probably remember the flood of distressed properties that hit the market at this time. Due to the poor state of the economy, foreclosed and short sale homes were going for a huge discount. This rush of distressed homes actually damaged the value of other homes within a neighborhood.

Lucky for everyone involved in the real estate industry, things have since changed!

The Market Has Changed Since Then

A woman holding a tablet and looking at how the market has shifted over the past 10 years.Over the past decade or so, the market has recovered and prices have gone up right along with it. This isn’t a bad thing! A strong economy is good for everybody, especially those trying to sell their home for what it’s worth in the Triangle.

As such, both home prices and mortgage rates have increased. To make the best possible decision in the Raleigh real estate market, it’s important to have plenty of resources to rely on.

So Mortgage Rates Have Shifted

An open door with a set of house keys hanging from the key hole.When most buyers think of a home’s “affordability” they’re picturing two things in particular: the listing price of the home and the mortgage rate they’ll have to pay.

According to a CoreLogic report written by Andrew Lepage in late January, the “typical mortgage payment is a good proxy for affordability because it shows the monthly amount that a borrower would have to qualify for to get a mortgage to buy the median-priced U.S. home…”

While mortgage rates are slowly increasing, they are nowhere near the gargantuan rates of the 2006 housing boom (think an average monthly payment of $1,275…)

By the end of 2019, experts have projected the typical monthly mortgage payment to be about $963.

What Does That Mean for Buyers and Sellers?

Whether you’re thinking of buying or selling a home in Raleigh, please know that this is one of the most advantageous times to invest in real estate!

At Linda Craft & Team REALTORS®, we have the market expertise necessary to help you make a highly valuable transaction in this area. Please give us a call today to learn more about your Raleigh real estate options.

How to Make Your Raleigh Home Sale “Spark Joy”

Ask any homeowner what the most challenging part of selling a home is, and they’ll likely respond: decluttering.

Decluttering is a huge endeavor. It takes time, patience, good judgment, and stellar organizational skills. It also requires follow-through. Decluttering does you no good if your clutter sits in trash bags by the front door waiting to be donated.

Luckily, there’s a new and trendy way to declutter your home. It’s called the KonMari Method, and it’s changing lives!

Meet Marie Kondo

Small white table with a journal and two potted plants on top.The woman behind the KonMari method is a Japanese consultant and writer named Marie Kondo. Author of the book The Life Changing Magic of Tidying Up that inspired a new Netflix show, Marie has some amazing tips for, well, tidying up.

Her philosophy is simple: “Keep only those things that speak to the heart, and discard items that no longer spark joy.”

Both her Netflix show and book are full of amazing tips for decluttering your home. If you’re getting ready to sell your home in Raleigh, we highly recommend checking them out!

The KonMari Method

Small bar cart with glasses of water and a plant on the top in a white hallway.Sort your possessions into categories, and start from there. Instead of going room by room, eliminate your clutter by category. Start with your clothes.

Pick up an item of clothing and take a long hard look at it. Does it spark joy? Does it make you feel happy, or remind you of a wonderful memory?

For the less sentimental of us, here’s an alternative way to look at it: when’s the last time you wore this? Try it on now: does wearing it make you happy? I you answered “no” to any of the previous questions, it’s time to get rid of it!

Marie Kondo advises us to “thank the item for its service, then let it go.”

Tidy Up Your Home Sale

Clean and bright kitchen.Marie Kondo’s method is time-consuming, but effective. Not only that, you’ll end the process feeling good about all of your belongings.

You’re increasing the amount of space in your home, decreasing your belongings, and making your upcoming home sale and relocation easier.

Now that’s something you should feel good about!

Sell Your Home for More in Raleigh

When you’re selling your home, first impressions are key! That’s why staging your home for the Raleigh market is essential. And, you can’t begin staging until your home is thoroughly decluttered.

By using the KonMari method, you’re ensuring that your new home will be filled only with items that spark joy.

If you’re ready to list your Raleigh home, please give us a call at Linda Craft & Team REALTORS®. We would love to utilize our area resources to help achieve a home sale that sparks joy in you!

How Going “FSBO” Costs You More Money in the Long Run

If you’re selling your Raleigh home, chances are you’re trying to maximize your profits. It’s normal for homeowners to look for ways to sell their home for the most amount of money possible, while limiting all of their costs.

However, time and time again, I see new sellers opting to list their home as “FSBO” in order to save a few dollars. Listing your home as “FSBO” means going “For Sale By Owner,” or choosing to sell your home without hiring a real estate agent.

While listing as “FSBO” means not having to pay an agent’s commission, it has a lot of hidden costs and pitfalls and will actually cost you more money in the long run!

An Agent is a Professional in the Real Estate Industry

A professional reviewing graphs.Did you know that a home sold with an agent typically nets 6% more than one sold as “FSBO”?

That’s because an agent knows the real estate market really well—it’s their job after all! They’re an expert in their field, which means they know all the tips and tricks for selling homes.

In addition, it’s their job to stay on top of market trends, housing inventory, and sales prices. An agent knows how to price your home for the market you’re selling in.

Sure, you could rely on an automatic home value estimator to price your home, but those services are famous for being highly inaccurate.

All the “Hidden Work” Agents Do

If you’re choosing to sell your home without an agent, be prepared for a lot of work. After all, when you work with an agent to sell your home, you have them by your side to negotiate on your behalf.

As you sell your home, you’ll probably have to negotiate with:

  • The Buyer
  • The Buyer’s Agent
  • The Buyer’s Bank
  • The Appraiser
  • The Inspection Company
  • The Title Company

And an agent’s work doesn’t stop there! Your real estate agent is your guide to the world of real estate. They’ll be able to provide you with home-selling resources, advice on how to stage your home, an effective marketing strategy, and emotional support during a busy time.

Agents Know How to Reach Buyers

Two people sitting side by side on a couch, one is one a computer and the other is on a tablet.More than 50% of buyers find their home on the Internet. As such, if you’re going to sell your home you need to have a thorough online presence for your home.

A professional real estate agent is more likely to have a comprehensive Internet marketing strategy, as well as a top-tier website where buyers can search for homes.

Selling Your Raleigh Home? Let’s Talk

Here at Linda Craft & Team REALTORS®, we want you to make the most amount of money possible when you sell your home. That’s why we offer an array of complimentary home-selling resources, and a specialized marketing plan designed to give your property maximum exposure.

Don’t just take our word for it! Check out our home-selling track record, and see what our clients have to say. There’s a reason we’re the Triangle’s #1 real estate team: we sell homes quickly and for more money, and we’ll help you achieve all of your real estate goals.

Interested in learning more? Give us a call today to get started.

You Don’t Have to Wait Until Spring: Sell Your Raleigh Home for Top Dollar Now

There’s a common misconception that spring and summer are the only times to buy or sell a home. However, when it comes to selling your Raleigh home, that couldn’t be further from the truth!

The thing is, the price of any item is determined by the theory of “supply and demand.” If a lot of people are looking to buy an item, and the supply of that item is low, the price will increase.

Still not catching our drift? Let’s go more in depth.

The Raleigh Housing Inventory is Low

Luxurious dining room with lots of open space.Statistically, during the first few months of the year, the inventory of homes for sale in Raleigh is very low. That number picks up drastically come springtime—because sellers think that’s the most advantageous time to list their home!

However, if you’re looking to sell your Raleigh home, there’s no better time than the present. In fact, waiting until the spring may end up hurting you!

Now is the Time to List

A professional going over a brief on his computer.If you want to sell your home for top dollar, and within your timeframe, then it doesn’t make sense to wait. Buyers are highly motivated to buy a home right now, and there’s no way they’re going to wait until the spring.

Selling while the inventory is low, but the demand is high, is the most surefire way to make an incredible return on your investment in the Raleigh real estate market.

So, Are You Ready to Sell?

Allow our team to help make you the most amount of money possible in your home sale. There’s a reason Linda Craft & Team REALTORS® are the #1 ranked real estate team in the North Carolina Triangle. Our home-selling resources are endless and our success record is unmatched.

From pricing your home correctly to marketing it effectively and making sure closing day goes off without a hitch, Linda Craft & Team REALTORS® are here to help.

Want to start achieving all of your 2019 Raleigh real estate goals? Please reach out to us today.

 

When’s the Best Time to List Your Home? NOW!

If selling your home is at the top of your New Years Resolutions, then it’s time to get started. Although the market is thought to “slow down” during the cold winter months, that doesn’t mean it’s not an advantageous time to sell your home.

In fact, now is the best time to sell your Raleigh home! Want to know why? Because homes are highly in demand, and inventory is at an all time low.

It’s a Seller’s Market

A luxurious outdoor pool with two red lounge charis.While the number of buyers has decreased over the past few months, inventory has been at an all-time low since November of 2018. Truthfully, there just isn’t enough inventory to satisfy what buyer demand there is.

For the last five months, the number of homes for sale has decreased substantially.

According to the National Association of Realtors, the number of homes for sale in the country decreased by about 190,000 from June to November of last year. While demand for homes has decreased slightly over the years, it still far exceeds the current inventory available.

What’s the Bottom Line?

Two professionals reaching across a table to shake each others hand.Now is the time to sell your home! Across the board, the best time to sell your home is when there’s less competition. In a market as competitive as the Triangle, where motivated buyers far outweigh current sellers, now is an incredible time to sell your home!

Selling your home during a “seller’s market” typically guarantees you a better price for your home, fewer hassles in the transaction, and a stress-free selling experience.

Ready to Sell Your Raleigh Home?

Linda Craft & Team REALTORS® are ready to help. We offer a number of different home-selling programs, designed to meet your unique needs as a seller.

Want to receive an instant offer on your Raleigh home? We can help with that, too. You can also research the market, see what homes are selling for in your neighborhood, and get specific home staging tips to make your home sell even faster.

List Your Home Today: The Advantage to Selling Your Home in Winter

Happy New Year! If selling your home is at the top of your resolutions list, then it’s time to get started. You don’t have to wait for warmer weather for a successful home sale. In fact, it may be a good decision to go ahead and sell your home right now!

There are many hidden benefits to selling your home in winter. Although the market has slowed down, that doesn’t mean buyer demand has! The weather cannot change the circumstances that motivate people to buy new homes, which makes every time of year great for selling your Triangle home.

Less Competition

Saleswoman presenting a new project property on digital tabletMany people believe that winter is a bad time to try and sell your home, which is why they wait until the spring or summer to list. However, the market tells us that housing inventory is low — meaning that there are not enough homes for sale in the market to satisfy buyers’ demand.

If you’ve gained substantial equity in your home over the years, it’s probably time to go ahead and list it!

Same Strong Demand

People often choose to buy a new home and move for a number of reasons that aren’t affected by the weather. Even in the winter, people accept new positions in different cities, need to downsize, or want to move closer to their loved ones.

The weather doesn’t stop them, and it shouldn’t stop you! Take advantage of the decreased inventory for a successful home sale.

A Faster Home Sale

Two professionals shaking hands.As a result of the decreased inventory, and steady demand, your home will probably sell quicker in the winter than it would in the summer! The Triangle market is competitive, no matter the time of year, so you can expect an interested buyer to act fast in putting an offer on your home.

If your goal is to sell your home before March, now is the time to act.

It’s Your Time to Move Up

If you want to sell your Triangle home in order to buy a premium or luxury home, now is the time to act! Luxury homes are in a market all their own, and the inventory for luxury homes in the Triangle continues to increase.

These conditions create a buyer’s market for luxury homes—meaning you can get a tremendous deal on a luxury home for sale in the Triangle!

Don’t Allow the Weather to Decide for You

Luxurious modern kitchen with white countertops.Why do you want to sell your home? Is it worth waiting until the weather decides to improve? Probably not!

Plus, the weather in the Triangle Region of North Carolina will continue to surprise us. In Raleigh this year, it was almost 70 degrees on the first day of the year! While the market may have slowed down a little, buyers are still just as motivated as they’ll be come spring.

Sell Your Triangle Home for Top Dollar

If you’re ready to list your home in the Triangle, then it’s time to contact Linda Craft & Team Realtors®. We have a proven track record in selling Triangle homes fast and for the most amount of money possible.

Get in touch with us today to learn more about your home-selling options in the Triangle.

The Art of Home Selling: Stage It!

a green landscaped yard in a suburb

You know, some wise person once said, “If you don’t have time to do it right, you may not get the chance to do it over.” This is very much the case when it comes to getting your home ready to sell. You only get one first impression, so it is a good idea to take the time to prepare your home carefully in order to drive as much interest to your door as possible.

bright sunny dining room looking onto garden

Staging is the Name of the Game

What’s the real secret to selling a home quickly and at a high price point? The majority of Realtors will tell you that staging absolutely enhances your chances of selling your home quicker and for more money. The goal of staging is to make your home appeal to as large a number of potential buyers as possible in order to increase traffic. You can stage your home yourself, but you have to be able to take your emotions out of the equation. For example, you have to be alright with putting away personal photos, awards, and things that may have sentimental value to you because they would be very distracting if on display.

If you think it would be too hard for you to remove personal items from your home, hiring a professional stager to help with this task might be something you want to consider. They are specifically trained to know what look will help attract buyers to your home. Here are some of their top suggestions for staging your home so it will be a top performer on the market.

the exterior of a large brick suburban home in raleigh north carolina

1. Passing the First Test – The Drive-By

Every stager will tell you that it is very common for buyers to do “drive-by” visits even before they solicit the help of a realtor. That means the curb appeal of your house may determine whether it even stays on the book a showing list of potential buyers. To grab their attention and elicit those “love at first sight” emotions, try the following:

  • Potted plants and flowers
  • Rocking chairs or small table and chairs on the front porch
  • Well-manicured lawns and gardens
  • Remove window screens
  • Clean roof stains off shingles
  • Power wash house, driveway, and walkways
  • Clean those windows
  • Make sure your house number is visible
  • Re-stain or paint porch
  • Paint the house
  • Haul away any junk that has piled up around the house

a modern nicely staged kitchen2. Clean-Purge-Organize-Repair!

Great! The drive-by was a success and now they’ve booked a showing. If they loved the exterior, make sure they love the interior even more. Take care of the 4 Ds: Deep Clean, Declutter, De-odorize, Damage Repair.

  • Clean as if you are having company for the weekend. That means everything, including closets, cupboards, the space under the sink, storage spaces, and yes, that garage.
  • Organizing and purging are tactical tools to making your home look neat and orderly.
  • Do you have animals? Unappealing odors can kill a deal. Have a friend come over and do an odor inspection before showings get scheduled to make sure your home is odor-free.
  • If it is broken, fix it! Do your own walk-through making a list of items that need attention and get them taken care of.

clean neutral living room with beige walls and off white couch3. The Appeal of Neutral

Did you know neutral colors make rooms in a home look larger? While you may love that dark purple and gold, the vast majority of buyers may not share your taste in colors. Remember, you want your home to appeal to as many people as possible. Severe colors narrow the pool of potential buyers.

Did you also know that 95% of buyers decide if they want to view a home based on the online photos? If your home has old wallpaper or needs to be painted, be sure to do this BEFORE photos are taken.

Bright living room with fireplace and natural sunlight

4. Clean up the Clutter

A cluttered home is a strong deterrent for buyers. It takes away from the real visual value of your home. You may love all the family pictures you have collected over the years, but buyers need to see your home as possibly their home. So, go ahead and pack away those personal photos, that teapot collection, and all those soccer awards you child won this year. Buyers need to be able to imagine the home as their very own.

This does not mean your home should be stark and unwelcoming. Go ahead and set that table, put a basket of lemons in the kitchen, or add fluffy, new white towels and white shower curtains to create a spa feel in bathrooms. Put away bath rugs so the flooring is completely uncovered. These simple staging tips make a home inviting and comfortable.

Here’s where a professional stager will really earn their money. Not only can they help you decide what to use to decorate the walls and shelves, they can also select the best furnishings to show off your home. They may suggest just repositioning furniture, moving pieces to another room, or removing older furnishings to give your house a more up-to-date look. A good stager will also be able to suggest pieces of art or furnishings to add to your collection as a way to inject color to make a room more contemporary. It’s their job to create an atmosphere that appeals to the larger market.

Clean staged bedroom with blue walls and hardwood floors

5. Floor to Ceiling

Stand in each room, start at the floor and go all the way to the ceiling. Consider what would make that room more appealing? Nothing says, “clean and fresh” like a new coat of paint, eliminating cobwebs, and repairing separating caulk. Are those floors looking a bit worn? Try an inexpensive area rug which can also add a bit of color. Light fixtures can date a home quickly; update them. New hardware in the kitchen can also liven up sad, tired cabinets.

Staged organized reading nook with built in shelves

6. Give Every Room Purpose

Do you have one of those rooms where things collect that have no purpose? Extra furniture, extra artwork, extra clothes, etc. Well, consider purging or storing the extras and give that room a purpose! Stage it to be an office, a guest room, a library, or a playroom. Create a vision that will appeal to buyers. Remember, they may be looking at several properties and if yours is the most “put together,” chances are it will also be the most memorable.
Another valuable asset of having a professional stager is that they use artwork and unique pieces of furniture to draw the eye of potential buyers to entice them to continue exploring the entire home. It may not seem too important, but what if your home is the last showing in a very long day of looking at houses. The buyers are tired and have had enough. Strategic placement of unique furnishings will keep them interested and make them want to see more instead of giving up and ending the tour.

Screened in porch over looking backyard with fireplace with foliage

7. Remember to stage the outdoors

In the Raleigh area, we experience some wonderful weather and outdoor staging will show potential buyers just how livable the outdoors can be. It’s like having an extra room; an extension of the home that adds to the overall square footage. During spring, take advantage of all the blooms by keeping your garden areas well-manicured. In summer, set an outdoor table to look like company is coming over for dinner al fresco. In fall and winter, go ahead and light that gas fire pit. How cozy would that be? Drape a couple of soft throws over the chairs. Your buyers will never want to leave!

Thinking of selling your home in the Triangle area, give us a call. One of our savvy REALTORS will help you with everything from comps to establishing a strong selling price. They can also help you find a trusted, professional stager who has an outstanding track record for setting the right mood to sell homes. In fact, we can offer you a complete list of homecare professionals should you need anything from painters to power washers to get your home in top selling condition!

Let us help you get your home ready to make the best first impression. Call us at 919-235-0007.

Is Now a Good Time to Sell My House?

Mixed Race Couple, Baby, Sold Real Estate SignThe answer is “It couldn’t be better!” To just say it is a seller’s market seems like an understatement right now for a couple of reasons. Any time demand is higher than the supply, sellers have the advantage. Right now it is oh so true in the housing market!

There could be many reasons for the current climate in the housing market. Increase purchasing power in the form of a healthy job market is probably the biggest factor in this equation. Perhaps because of the job market, some young professionals (fondly referred to as millennials) are changing their minds about not owning housing. Some of them are now deciding it’s time to purchase homes. That could be in part due to the availability of jobs. It could also be that this segment is getting a little older, probably have student loan debt under control, and may even be thinking of starting a family.

Whatever the magic combination that has produced this environment, new listings were up over 8% in April, but the inventory for homes fell over 12%. With the median home price hovering around $250,000, current inventory is selling very quickly; days on the market has dropped to an average of 45 days.

While new building of homes is up, it is not reducing the gap between supply and demand fast enough and pricing is typically $300,000 and up on new homes in this area. This shortage of affordable inventory is creating buyer competition primarily in homes under $400,000.

What does that mean for potential sellers?

girl lying in the grass holding a yellow toy house with red roofIf you are ready to sell, make sure your home is in tip top shape so you will get the most out of this seller’s market. Read What Home Buyers Do Not Want to gain insight into what issues with your home you should take care of before putting your home on the market. Then contact your friendly, reliable real estate listing agent and get it listed!

If you’ve been toying with the idea of selling, whether you are bursting at the seams in your current home or thinking that it’s time to downsize, perhaps it is time to stop toying with the idea and act now. Rising mortgage rates may be a sign of a healthy economy, but at some point they will curb the appetite of some buyers and your window of opportunity could pass you by before you get your ducks in a row and get your home on the market. If it seems like a daunting task or if you really were targeting selling a couple years from now…..seriously, think again. The propensity for top dollar will not last forever.

What does this mean for potential buyers?

Mature couple sitting at table with financial advisorIf you are ready to buy now, you will need to be prepared to spend some time with a qualified real estate broker in order to catch the right house before it’s sold. Some houses, especially those in the $250,000 range, can receive multiple offers the minute they go on the market and are sold in less than a week. Your agent can advise you on how to be successful in this fast-paced market.

Get together with a mortgage lender and get pre-qualified before you even start looking. That way you can act fast and you will know exactly how much home you can afford. Be prepared to pay close to, if not list price. Bidding is competitive. Cash offers and pre-qualified buyers generally have the edge.

In order to be quick with your responses to new listings, it is crucial that you work with a seasoned broker who will be on top of your search for a home. A buyer’s agent does not work for the seller. They work exclusively for buyers, so your needs will be their driving force.

If you are considering selling your home, we would love to help. At Linda Craft & Team, REALTORS®, we have over 30 years of experience developing our method of selling homes in the Greater Raleigh area providing sellers with exceptional guidance when placing their homes on the market. As the #1 real estate team in the Triangle, let us equip you with our wealth of knowledge and the tools needed to make your home fly off the market.

Schedule an appointment with us today at 919-235-0007 or review our selling resources for a full listing of all of our services!