Coastal North Carolina Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Nov. 25, 2020

Buying a Home: 10 Steps you Should Know

Congratulation!  You probably landed here because you are thinking about buying a new home! And we would love to help. Wondering what the process is? Here is a simplified checklist of the 10 steps to buying a home:

Save for your down payment

Create a budget and do some research. There are some low down payment options available. This may be the time to talk with a mortgage lender like Kristian Siemon, from Angel Oak Home Loans (NMLS #613810), who can help you find the best course for you based on your needs. Connecting with a mortgage lender early in the process will help make the whole process feel much easier.

Know your credit score

Learn your score, and see if you can raise it by cleaning up your outstanding debts. Again working with a mortgage advisor like Kristian will help you know what steps you might need to take here. 

Get Pre-Approved

Talk to your mortgage lender and find out what you can afford. Being pre-approved will set you up as a serious buyer, and help you find a house you can afford.

Find a Realtor

Contact a local Realtor. All of our Realtors are here to help serve you. They are not just here to help you find your dream home, but they will also help take you through the complete process of buying a home. You can reach out to any of our agents to get started. Not sure who might be a good fit for you? Give our office a call and we would love to connect you with the Realtor who will best serve your needs! You can connect with any of our agents here or reach out to Stephanie Long and she will help connect you with the right agent for your needs! 

Find a home

This part can be so much fun, but it can also take a bit of time. Remember your Realtor is a pro at this! They will help you find the best home for you and your family on your budget.

Make an offer

Once you find the best home for your needs your Realtor will help you through the next step of submitting an offer and the bunch of paperwork that comes next.

Home inspection

When buying a new home your Realtor will probably recommend a home inspection. This process helps to determine if there are any issues with the home that may need to be addressed before you close on the house.

Have a home appraisal

Again your Realtor and lender will help with this part of the process. The appraisal will ensure that the property is worth the price you are prepared to pay.

Closing Day

Closing day is the day when it all becomes official, and you get the keys to your new house. This is when you sign the final paperwork for your loan and other documents.

Time to move!

Congratulations! Now that you have the keys to your new house you can move in and make your new house a home!

Nov. 18, 2020

Should You Sell Your Home Around the Holidays?

Dog on couch with Christmas tree in the backgroundIts that time of the year, when you start planning for the holidays... but what about selling your home? Is it even possible to sell a house during the last 6 weeks of the year?

Without a doubt, the answer is a resounding YES! Not only is it possible, but it might just be the best time to list you house. 

What are the benefits of selling a house during the winter?

Motivated buyers! While there are potentially more buyers looking during the spring and summer months, the buyers who are looking during the winter months are motivated - typically winter moves are motivated by relocations, changes in financial situations, or a change in family needs. 

Less seller competition! With fewer homes on the market in the winter, there is less competition for those motivated buyers. 

More time off! More companies close for a few extra days during the holiday's. This gives buyers extra time to look at houses without having to take time off from work. This give sellers more opportunities for open houses, and can open up more availability for showings. 

Tax benefits! Buyers looking for some of the tax benefits of home ownership may be looking to close before the end of the year giving December listings a boost!

More attention from agents! With fewer options on the market and few listings agents can spend more time focused on helping sell your house.

Holiday selling Tips!

Have a strong online listing. When weather is bad, most house hunting will happen online. Make sure that your home is being shown in its best light, with bright photos and an engaging description.

Invest in professional photography. Quality photos, and 3D floorplans are essential. Photos that make you home look bright and airy help to show your house in the best possible light. 

Work with the right agent. Working with an agent who know the area, who has a solid marketing plan, and understands the unique challenges sellers face when listing during the holidays. Any one of the agents at Sold Buy Sea Realty would love to help you sell, reach out today to be connected with one of our agents

Keep your holiday decorations simple. Like with many aspects of selling your home - less is more. You want potential buyers to be able to envision themselves, and their decorations in the space. Keep it simple while still making your house feel like a home.

Add (winter) curb appeal. Curb appeal in the winter can be tough. Be sure to illuminate walkways and have a welcome mat for visitors to use. 

Turn on the lights. Use bright / high wattage lightbulb, be sure to turn on any lights that might take some time warm up before you leave for a showing. Consider adding some additional lights throughout to make your home feel warm and inviting. This can also help with curb appeal when people drive up to the house.

Turn on the heat. Be sure to turn the heat on, and make sure the house is nice and warm. 

What are the challenges of selling during the holidays?

You will often face some challenges selling you home any time of year, but there are a few key differences between selling during the holidays and selling during the peak spring and summer seasons.

  • Lowball offers. Buyers tend to think that sellers who have their homes listed during the holiday season are desperate to sell and may make an offer that is much lower than your asking price. These lowball offers can happen any time of the year, but are more often seen during the holiday season.
  • Limited curb appeal. The winter months tend to be a bit dark and dreary, it can be a challenge to show off a home's exterior, especially with the sun setting early in the evening. 
  • Financing can be delayed. With all of the holidays, vacations and extra time out of the office, it may take longer to get your financing finalized during the holiday season. Working with a trusted mortgage professional can help keep these delays to a minimum. If you are looking for a mortgage professional reach out to Kristian Siemon, Angel Oak Home Loans (NMLS #613810)
  • Less likely to get multiple offers. During the peaks seasons of spring and summer, sellers often find themselves in multiple-offer situations, where they’re able to pit multiple buyers against each other to increase the final selling price. This is less likely to happen in a slower selling season. 
  • Inconvenience. It may be more of a challenge to have your home ready for showings at a moments notice - especially with holiday activities like baking and wrapping gifts, or when you have guests for the holidays. 

Sure there may be some additional challenges when selling during the holiday season, but with the right agent and the right marketing plan you can sell your home during the last 6-weeks of the year! If you are ready to move give us a call today 910-367-2965 or register here to be connected with one of our agents

Nov. 11, 2020

Homes for Heros

American FlagToday is Veterans Day, a day to honor those who have served our country. One of the benefits available to those have risked their lives in service to our country is VA home loans. For over 75 years these loans have provided millions of Veterans and their families the opportunity to become home owners.

In 2019 (the most current data we have): 624,544 home loans were guaranteed buy the Veterans Administration, 306,879 VA home loans were made without a down payment, and 2055 grants totaling $118 million were provided to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs.

If you are a Veteran - thank you for your service! 

Looking to purchase a new home - give us a call at 910-367-2936 or sign up on our site to be connected with one of our agents! Need to talk about your finance options? Give Kristian Siemon, Angel Oak Home Loans (NMLS #613810) a call at 910-839-0089

Oct. 25, 2020

Curious About Local Real Estate?

Receive the Latest Local Market Stats

Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

Get Local Market Reports Sent Directly to You

You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.