Triad Real Estate News & Market Trends

You'll find in our content a wealth of knowledge about real estate in the North Carolina Triad area, and soon to come the North Carolina coast. We aim to help you find all the information that you should know, want to know, and need to know. If you have any questions feel free to reach out to us anytime! We would love to hear from you!

Oct. 2, 2023

HOUSE CARE CALENDAR: A Seasonal Guide to Maintaining Your Home

From summer vacations to winter holidays, it seems each season offers the perfect excuse to put off our to-do list. But be careful, homeowners: neglecting your home’s maintenance could put your personal safety—and one of your largest financial investments—at serious risk.

In no time at all, small problems can lead to extensive and expensive repairs. And even if you avoid a catastrophe, those minor issues can still have a big impact. Properties that are not well maintained can lose 10 percent (or more) of their appraised value.1

The good news is, by dedicating a few hours each season to properly maintaining your home, you can ensure a safe living environment for you and your family ... and actually increase the value of your home by one percent annually!1 You just need to know where and how to spend your time.

Use the following checklist as a guide to maintaining your home and lawn throughout the year. It's applicable for all climates, so please share it with friends and family members who you think could benefit, no matter where their home is located.

 

Spring

After a long, cold winter, many of us look forward to a fresh start in the spring. Wash away the winter grime, open the windows, and prepare your home for warmer weather and backyard barbecues.

 

Inside

Conduct Annual Spring Cleaning

Be sure to tackle those areas that may have gone neglected—such as your blinds, baseboards and fan blades—as well as appliances, including your refrigerator, dishwasher, oven and range hood. Clear out clutter and clothes you no longer wear, and toss old and expired food and medications.

 

Shut Down Heating System

Depending on the type of heating system you have, you may need to shut your system down when not in use. Check the manufacturer’s instructions for proper procedures.

 

Tune Up A/C

If your home has central air conditioning, schedule an annual tune-up with your HVAC technician. If you have a portable or window unit, be sure to follow the manufacturer's instructions for proper maintenance.2

 

Check Plumbing

It’s a good idea to periodically check your plumbing to spot any leaks or maintenance issues. Look for evidence of leaks—such as water stains on the ceiling—and check for dripping faucets or running toilets that need to be addressed. Inspect your hot water heater for sediment build up. Check your sump pump (if you have one) to ensure it’s working properly.3

 

Inspect Smoke Alarm and Carbon Monoxide Detectors

Check that your smoke and carbon monoxide detectors are functioning properly. Batteries should be replaced every six months, so change them now and again in the fall. Follow the manufacturer’s instructions to test your individual devices. And even properly functioning devices should be replaced at least every 10 years, or per the manufacturer’s recommendation.4

 

Outside

Inspect Perimeter of Home

Walk around your house and look for any signs of damage or wear and tear that should be addressed. Are there cracks in the foundation? Peeling paint? Loose or missing roof shingles? Make a plan to make needed repairs yourself or hire a contractor.

 

Clean Home’s Exterior

Wash windows and clean and replace screens if they were removed during the winter months. For the home’s facade, it’s generally advisable to use the gentlest method that is effective. A simple garden hose will work in most cases.5

 

Clean Gutters and Downspouts

Gutters and downspouts should be cleaned at least twice a year. Neglected gutters can cause water damage to a home, so make sure yours are clean and free of debris. If your gutters have screens, you may be able to decrease the frequency of cleanings, but they should still be checked periodically.6

 

Rake Leaves

Gently rake your lawn to remove leaves and debris. Too many leaves can cause an excessive layer of thatch, which can damage the roots of your lawn. They can also harbor disease-causing organisms and insects.7 However, take care because overly vigorous raking can damage new grass shoots.

 

Seed or Sod Lawn

If you have bare spots, spring is a good time to seed or lay new sod so you can enjoy a beautiful lawn throughout the remainder of the year. The peak summer heat can be too harsh for a new lawn. If you miss this window, early fall is another good time to plant.8

 

Apply a Pre-Emergent Herbicide

While a healthy lawn is the best deterrent for weeds, some homeowners choose to use a pre-emergent herbicide in the spring to minimize weeds. When applied at the right time, it can be effective in preventing weeds from germinating. However, a pre-emergent herbicide will also prevent grass seeds from germinating, so only use it if you don’t plan to seed or sod in the spring.

 

Plant Flowers

After a long winter, planting annuals and spring perennials is a great way to brighten up your garden. It’s also a good time to prune existing flowers and shrubs and remove and compost any dead plants.

 

Mulch Beds

A layer of fresh mulch helps to suppress weeds, retain moisture and moderate soil temperature. However, be sure to strip away old mulch at least every three years to prevent excessive buildup.9

 

Fertilize Lawn

Depending on your grass type, an application of fertilizer in the spring may help promote new leaf and root growth, keep your lawn healthy, and reduce weeds.10 

 

Tune Up Lawn Mower

Send your lawn mower out for a professional tune-up and to have the blades sharpened before the mowing season starts.11

 

Inspect Sprinkler System

If you have a sprinkler system, check that it’s working properly and make repairs as needed.

 

Check the Deck

If you have a deck or patio, inspect it for signs of damage or deterioration that may have occurred over the winter. Then clean it thoroughly and apply a fresh coat of stain if needed.

 

Prepare Pool

If you own a pool, warmer weather signals the start of pool season. Be sure to follow best practices for your particular pool to ensure proper maintenance and safety.

 

Summer

Summer is generally the time to relax and enjoy your home, but a little time devoted to maintenance will help ensure it looks great and runs efficiently throughout the season.

 

Inside

Adjust Ceiling Fans

Make sure they are set to run counter-clockwise in the summer to push air down and create a cooling breeze. Utilizing fans instead of your air conditioner, when possible, will help minimize your utility bills.

 

Clean A/C Filters

Be sure to clean or replace your filters monthly, particularly if you’re running your air conditioner often.

 

Clear Dryer Vent

Help cut down on summer utility bills by cleaning your laundry dryer vent at least once a year. Not only will it help cut down on drying times, a neglected dryer poses a serious fire hazard. 

 

Check Weather Stripping

If you’re running your air conditioner in the summer, you’ll want to keep the cold air inside and hot air outside. Check weather stripping around doors and windows to ensure a good seal.

 

Outside

Mow Lawn Regularly

Your lawn will probably need regular mowing in the summer. Adjust your mower height to the highest setting, as taller grass helps shade the soil to prevent drought and weeds.

 

Water Early in the Morning

Ensure your lawn and garden get plenty of water during the hot summer months. Experts generally recommend watering in the early morning to minimize evaporation, but be mindful of any watering restrictions in your area, which may limit the time and/or days you are allowed to water.

 

Weed Weekly

To prevent weeds from taking over your garden and ruining your home’s valuable curb appeal, make a habit of pulling weeds at least once per week.

 

Exterminate Pests

Remove any standing water and piles of leaves and debris. Inspect your lawn and perimeter of your home for signs of an invasion. If necessary, call a professional exterminator for assistance.

 

 

Fall

Fall ushers in another busy season of home maintenance as you prepare your home for the winter weather ahead.

 

Inside

Have Heater Serviced

To ensure safety and efficiency, it’s a good idea to have your heating system serviced and inspected before you run it for the first time. 

 

Shut Down A/C for the Winter

If you have central air conditioning, you can have it serviced at the same time as your furnace. If you have a portable or window unit, ensure it’s properly sealed or remove it and store it for the winter.

 

Inspect Chimney

Fire safety experts recommend that you have your chimney inspected annually and cleaned periodically. Complete this task before you start using your fireplace or furnace.

 

Seal Windows and Doors

Check windows and doors for drafts and caulk or add weatherstripping where necessary. 

 

Check Smoke Alarm and Carbon Monoxide Detectors

If you checked your smoke and carbon monoxide detectors in the spring, they are due for another inspection. Batteries should be replaced every six months, so it’s time to replace them again. Follow the manufacturer’s instructions to test your individual devices. And even properly functioning devices should be replaced at least every 10 years, or per the manufacturer’s recommendation.3

 

Outside

Plant Fall Flowers, Grass and Shrubs

Fall is a great time to plant perennials, trees, shrubs, cool-season vegetables and bulbs that will bloom in the spring.12 It’s also a good time to reseed or sod your lawn.

 

Rake or Mow Leaves

Once the leaves start falling, it’s time to pull out your rake. A thick layer of leaves left on your grass can lead to an unhealthy lawn. Or, rather than raking, use a mulching mower to create a natural fertilizer for your lawn.

 

Apply Fall Fertilizer

If you choose not to use a mulching mower, a fall fertilizer is usually recommended. For best results, aerate your lawn before applying the fertilizer.13

 

Inspect Gutters and Roof

Inspect your gutters and downspouts and make needed repairs. Check the roof for any broken or loose tiles. Remove fallen leaves and debris.

 

Shut Down Sprinkler System

If you have a sprinkler system, drain any remaining water and shut it down to prevent damage from freezing temperatures over the winter.

 

Close Pool

If you have a pool, it’s time to clean and close it up before the winter.

 

Winter

While it can be tempting to ignore home maintenance issues in the winter, snow and freezing temperatures can do major damage if left untreated. Follow these steps to ensure your house survives the winter months.

 

Inside

Maintain Heating System

Check and change filters on your heating system, per the manufacturer's instructions. If you have a boiler, monitor the water level.

 

Tune Up Generator

If you own a portable generator, follow the manufacturer’s instructions for proper maintenance. Make sure it’s working before you need it, and stock up on supplies like fuel, oil and filters.

 

Prevent Frozen Pipes

Make sure pipes are well insulated, and keep your heat set to a minimum of 55 degrees when you’re away. If pipes are prone to freezing, leave faucets dripping slightly overnight or when away from home. You may also want to open cabinet doors beneath sinks to let in heat.

 

Outside

Drain and Shut Off Outdoor Faucets

Before the first freeze, drain and shut off outdoor faucets. Place an insulated cover over exposed faucets, and store hoses for the winter.

 

Remove Window Screens

Removing screens from your windows allows more light in to brighten and warm your home during the dark, cold winter months. Snow can also get trapped between screens and windows, causing damage to window frames and sills.

 

Service Snowblower

Don’t wait until the first snowstorm of the season to make sure your snowblower is in good working order. Check the manufacturer’s instructions for maintenance or have it serviced by a professional.

 

Stock Up on Ice Melt

Keep plenty of ice melt, or rock salt, on hand in preparation for winter weather. Look for brands that will keep kids and pets safe without doing damage to your walkway or yard.

 

Watch Out for Ice Dams

Ice dams are thick ridges of solid ice that can build up along the eaves of your house. They can do major damage to gutters, shingles and siding. Heated cables installed prior to the first winter storm can help.14

 

Check for Snow Buildup on Trees

Snow can cause tree limbs to break, which can be especially dangerous if they are near your home. Use a broom to periodically remove excess snow.15

 

While this checklist should not be considered a complete list of your home’s maintenance needs, it can serve as a general seasonal guide. Systems, structures and fixtures will need to be repaired and replaced from time-to-time, as well. The good news is, the investment you make in maintaining your home now will pay off dividends over time.

Keep a record of all your maintenance, repairs and upgrades for future reference, along with receipts. Not only will it help jog your memory, it can make a big impact on buyers when it comes time to sell your home … and potentially result in a higher selling price.

Are you looking for help with home maintenance or repairs? We have an extensive network of trusted contractors and service providers and are happy to provide referrals! Call or email us, and we can connect you with one of our preferred vendors.

 

Sources:

1. HouseLogic.com – 

https://www.houselogic.com/organize-maintain/home-maintenance-tips/value-home-maintenance/

2. Home Advisor – 

https://www.homeadvisor.com/r/servicing-your-air-conditioner/

3. Keyes & Sons Plumbing and Heating – 

http://keyes-plumbing.com/things-to-check-in-spring/

4. Allstate Insurance Blog – 

https://blog.allstate.com/test-smoke-detectors/

5. Houzz – 

https://www.houzz.com/ideabooks/17268616/list/how-to-wash-your-house

6. Angie’s List – 

https://www.angieslist.com/articles/why-gutter-cleaning-so-important.htm

7. Angie’s List – 

https://www.angieslist.com/articles/what-thatch-and-how-does-it-impact-my-lawn.htm

8. HGTV – 

http://www.hgtv.com/design/outdoor-design/landscaping-and-hardscaping/lawns/top-spring-lawn-care-tips-pictures

9. This Old House – 

https://www.thisoldhouse.com/more/may-mulching

10. Lowes – 

https://www.lowes.com/projects/lawn-and-garden/fertilize-your-lawn/project

11. The New York Times – 

https://www.nytimes.com/guides/realestate/home-maintenance-checklist

12. Better Homes and Gardens Magazine – 

https://www.bhg.com/gardening/yard/garden-care/what-to-plant-in-the-fall/

13. The Spruce – 

https://www.thespruce.com/late-fall-fertilizing-2152976

14. This Old House – 

https://www.thisoldhouse.com/how-to/how-to-get-rid-ice-dams

15. Houzz – 

https://www.houzz.com/ideabooks/55572864/list/your-winter-home-maintenance-checklist

 

Posted in Tips and Advice
Sept. 29, 2023

Winning in Today's Housing Market: Strategies for Success with Kim Mathis and Associates, the Best Realtor in North Carolina

In today's competitive housing market, finding your dream home may seem like an uphill battle, especially with the ongoing issue of low housing inventory. However, don't lose hope just yet! With the expert guidance of Kim Mathis and Associates, the best realtor in North Carolina, you can still come out on top. In this blog post, we'll reveal key strategies and takeaways to help homebuyers succeed in the current housing market.

 

1. Work with the Best Realtor: Kim Mathis and Associates

The first step to winning in the housing market is partnering with a knowledgeable and experienced realtor who knows the local market inside and out. Kim Mathis and Associates are renowned for their expertise in North Carolina real estate. They have a deep understanding of the area, market trends, and connections to off-market listings, giving you a significant advantage.

 

2. Set Realistic Expectations

With low housing inventory, it's crucial to be realistic about your expectations. You might not find your perfect home immediately. Kim Mathis and Associates will help you define your priorities and guide you toward homes that meet your needs while staying within your budget.

 

3. Be Pre-approved for Financing

In a competitive market, being pre-approved for a mortgage is a game-changer. It shows sellers that you are a serious buyer, which can put you ahead of other potential buyers. Kim Mathis and Associates can assist you in finding the right lenders and securing a pre-approval.

 

4. Flexibility is Key

Flexibility is your secret weapon when dealing with low inventory. Be open to compromises and consider homes that may not check every box on your wish list. Kim Mathis and Associates will help you identify properties with potential and negotiate effectively on your behalf.

 

5. Act Swiftly

In today's housing market, hesitation can cost you the home of your dreams. When a suitable property comes on the market, act swiftly. Kim Mathis and Associates have a well-established network and can often get you early access to new listings.

 

6. Make a Strong Offer

Offering a competitive price and attractive terms can set you apart from other buyers. Kim Mathis and Associates have the negotiation skills and market knowledge to help you craft an offer that stands out without overpaying.

 

7. Explore Off-Market Opportunities

Sometimes, the best homes aren't even listed yet. Kim Mathis and Associates have access to off-market listings and can help you explore these hidden gems that other buyers may miss.

 

8. Home Inspections are Crucial

In a competitive market, you may be tempted to skip the home inspection to speed up the process. Don't! Inspections are essential to uncover any hidden issues that could lead to costly repairs down the road. Kim Mathis and Associates can recommend trusted inspectors to ensure you make an informed decision.

 

9. Patience Pays Off

While the current housing market may be challenging, patience can be your greatest asset. If you don't find the right home immediately, trust that with Kim Mathis and Associates by your side, your dream home is out there, waiting for you.

 

10. Stay Informed

Finally, stay informed about market trends and developments. Kim Mathis and Associates will keep you updated on changes in the local real estate landscape, helping you adjust your strategy accordingly.

 

In the face of a low housing inventory, it's still possible to win in today's housing market with the expert guidance of Kim Mathis and Associates, the best realtor in North Carolina. By partnering with them, setting realistic expectations, being prepared, and staying flexible, you can find your dream home and secure it with confidence. Don't let the current market conditions discourage you – with the right team, success is within reach. Contact Kim Mathis and Associates today and take the first step toward owning your ideal home.

Posted in Buying your Home
Sept. 22, 2023

The Remote Work Revolution: How It Shapes Your Home Buying Decisions

 

In today's rapidly evolving world, the way we work has undergone a profound transformation. Thanks to advancements in technology and a shift in corporate culture, remote work has become the new norm for many professionals. As the boundaries between work and life blur, so do the criteria for choosing our homes. In this blog post, we'll explore how remote work influences your decision to buy a home and how Kim Mathis and Associates, the best realtor in North Carolina, can help you find your ideal remote work-friendly abode.

 

Embracing the Remote Work Lifestyle

The rise of remote work has opened up exciting possibilities for individuals and families seeking a more flexible and balanced lifestyle. No longer tied to a specific location, many people now have the freedom to choose where they live based on their preferences and priorities. This newfound freedom has a significant impact on the real estate market and the decisions homebuyers make.

 

Location, Location, Location – Redefined

Traditionally, the mantra in real estate has always been "location, location, location." While location remains crucial, its definition has evolved. Instead of merely considering proximity to the office, homebuyers are now evaluating a range of factors that enhance their remote work experience.

 

1. Home Office Space: With remote work, having a dedicated workspace at home is vital. Homebuyers are looking for properties that offer a quiet and functional home office environment, whether it's a separate room or a well-designed nook.

2. High-Speed Internet: Remote work relies on a stable internet connection. Homes in areas with reliable high-speed internet options are now in high demand, and buyers are willing to pay a premium for such access.

3. Community Amenities: Homebuyers are increasingly interested in neighborhoods that offer co-working spaces, communal lounges, and fitness facilities. These amenities support a balanced remote work lifestyle and foster a sense of community.

 

How Kim Mathis and Associates Can Help

When navigating the evolving landscape of remote work and homebuying, it's crucial to have an experienced realtor by your side. Kim Mathis and Associates, renowned as the best realtor in North Carolina, are well-equipped to assist you in finding the perfect remote work-friendly home.

 

Expertise in Remote Work Trends: Kim Mathis and her team stay up-to-date with the latest remote work trends, helping you identify neighborhoods and properties that align with your remote work needs.

Extensive Local Knowledge: With years of experience in the North Carolina real estate market, Kim Mathis and Associates have an in-depth understanding of the best areas for remote work enthusiasts.

Personalized Service: Kim and her team take the time to understand your unique preferences and requirements. They'll work closely with you to find a property that not only meets your remote work needs but also suits your overall lifestyle.

Negotiation Skills: Kim Mathis is renowned for her negotiation skills, ensuring that you get the best deal possible on your remote work-friendly dream home.

 

Conclusion

The remote work revolution has redefined the way we approach our living spaces. With the freedom to choose where we live, considerations such as home office space, high-speed internet, and community amenities have become pivotal in our home buying decisions. Kim Mathis and Associates, the best realtor in North Carolina, can be your trusted guide in this ever-changing landscape, helping you find the ideal property that complements your remote work lifestyle. So, embrace the freedom of remote work and let Kim Mathis and Associates lead you to your perfect home.

Posted in Buying your Home
Sept. 15, 2023

Getting Your Home Ready to Sell This Fall: Tips from Kim Mathis & Associates, the Best Realtor in North Carolina

Are you considering selling your home this fall? If so, you're in good hands with Kim Mathis & Associates, known as the best realtor in North Carolina. Selling your home during the autumn season can be a rewarding experience, as the changing leaves and cooler temperatures can create a cozy and inviting atmosphere. However, to make your home stand out in the competitive real estate market, it's essential to prepare it properly. In this blog post, we'll guide you through the steps to get your home ready for sale this fall, with expert tips from Kim Mathis & Associates.

 

1. Boost Your Curb Appeal

First impressions matter, especially in real estate. Enhancing your home's curb appeal can make a significant difference in attracting potential buyers. With the expertise of Kim Mathis & Associates, you'll receive personalized advice on how to make your home's exterior shine. Consider adding some fall-themed decorations like pumpkins and seasonal flowers to create a warm and inviting entrance.

 

2. Embrace the Fall Colors

Autumn is all about warm and cozy colors. Consider repainting your home's interior with earthy tones like deep reds, oranges, or warm yellows. Kim Mathis & Associates can provide you with color recommendations to make your home feel both inviting and on-trend. Additionally, add some autumn-inspired décor like throw blankets, pillows, and table centerpieces to create a cozy ambiance.

 

3. Declutter and Depersonalize

One of the essential steps in preparing your home for sale is decluttering and depersonalizing your space. Kim Mathis & Associates will guide you in identifying items to pack away or donate. A clutter-free home allows potential buyers to envision their own belongings in the space, making it easier to sell your property.

 

4. Highlight Your Home's Heating System

As temperatures drop, buyers will pay close attention to the heating system in your home. Ensure it's in good working condition by scheduling a maintenance check-up before listing your property. Kim Mathis & Associates can connect you with trusted HVAC professionals to handle this for you.

 

5. Showcase Your Outdoor Space

Fall is a great time to showcase your outdoor areas. Create an inviting outdoor space by cleaning up your garden, adding outdoor furniture, and lighting to highlight your property's full potential. Kim Mathis & Associates can help you stage your outdoor spaces to maximize their appeal to potential buyers.

 

6. Professional Home Staging

Kim Mathis & Associates is well-known for their exceptional staging services. Staging your home can help potential buyers visualize themselves living in the space. Consider their professional staging advice to make your home feel warm and welcoming this fall.

 

7. Set the Right Price

Pricing your home correctly is crucial. Kim Mathis & Associates will provide you with a comprehensive market analysis to determine the best asking price. Fall can be a competitive season, so setting the right price is essential to attract serious buyers.

 

8. Use High-Quality Photography

Kim Mathis & Associates partners with skilled photographers to capture your home's beauty in the best light. High-quality photographs can make a significant difference in attracting potential buyers online.

 

Selling your home in the fall can be a smooth and successful process with the guidance of Kim Mathis & Associates, the best realtor in North Carolina. By following these tips and trusting their expertise, you'll be well on your way to a successful home sale this autumn. Don't miss out on the opportunity to showcase your home's cozy charm to potential buyers during this season of change. Contact Kim Mathis & Associates today to get started on your fall home selling journey.

Posted in Selling Your Home
Sept. 8, 2023

Transform Your Home with the Perfect Study Space: Tips from Kim Mathis & Associates, the Best Realtor in North Carolina

Are you looking to create an ideal study space at home that promotes productivity and concentration? Whether you're a student or a remote worker, having a dedicated study area can make a significant difference in your focus and efficiency. In this blog post, we'll guide you through the process of creating a study space that suits your needs and helps you reach your goals. Follow these five essential steps to make your home a place of scholarly success.

 

Step 1: Dedicate a Permanent Study Area

The first and most crucial step in creating an effective study space is dedicating a permanent area for this purpose. Choose a spot in your home that is quiet and free from distractions. It could be a spare room, a corner of your bedroom, or even a well-organized closet. This dedicated space will help signal to your brain that it's time to focus and study.

 

Step 2: Get the Right Furniture

Investing in the right furniture is key to a comfortable and productive study environment. Kim Mathis & Associates, the best realtor in North Carolina, can assist you in finding the perfect home with a space that's ideal for your study needs. In your study area, consider a comfortable ergonomic chair and a spacious desk that suits your workflow. Ensure that the furniture complements the overall aesthetic of your home while meeting your practical requirements.

 

Step 3: Remove Clutter

A cluttered study space can be a major distraction. Keep your study area clean and organized by removing unnecessary items. Use storage solutions like drawers and organizers to keep your study materials and supplies neatly arranged. A tidy space can lead to a tidy mind and improved focus.

 

Step 4: Set Up Shelving

Shelving is an excellent addition to any study space. It allows you to display books, reference materials, and personal items that inspire you. Floating shelves or bookcases can help you maximize vertical space, keeping everything within easy reach. Consider working with Kim Mathis & Associates to find a home with built-in shelving options for your future study space.

 

Step 5: Keep on Top of Deadlines

One of the most important aspects of maintaining an effective study space is staying organized and keeping track of your deadlines. Use calendars, planners, or digital tools to schedule your study sessions and manage your time effectively. Kim Mathis & Associates can help you find a home with an office space or additional room dedicated to your studies, making it easier to stay on top of your academic or work commitments.

 

If you're in North Carolina and looking for a home that can accommodate your study needs, don't hesitate to contact Kim Mathis & Associates, the best realtor in North Carolina, for expert assistance in finding your dream study-friendly property.

 

With these tips and the help of Kim Mathis & Associates, you can create a study space that enhances your productivity and makes learning or working from home a more enjoyable experience. Good luck on your journey to academic and professional success!

Posted in Tips and Advice
Sept. 1, 2023

Top 7 Tips To Attract the Best Offers for Your Home

Not long ago, home sellers were in their heyday, as historically-low mortgage rates triggered a real estate buying frenzy. However, the Federal Reserve shut down the party when it began raising interest rates last year.1  

Now, it’s not as simple to sell a home. While pandemic-era homebuyers were racing the clock—trying to lock in a low mortgage rate and gain a foothold in the market—current buyers are more discerning. Higher prices and mortgage rates have pushed their limits of affordability, leading them to prioritize cost, condition, and overall value.2

The reality is, home inventory remains low, so most properties will still sell with some basic prep, the right price, and a good real estate agent. But owners who go the extra mile are more likely to sell faster and for a higher amount.

If you have plans to sell your home and want to net the most money possible, this list is for you. Here are our top seven strategies to attract the best offers and maximize your real estate returns.

 

  1. UNDERGO A PRE-LISTING INSPECTION

Many homebuyers hire a professional to complete a home inspection before they close. But did you know that a seller can order their own inspection, known as a pre-listing inspection, before they put their home on the market?

Having a pre-listing inspection on hand and ready to share shows interested buyers that you’re committed to a transparent transaction. This can help you market your home, strengthen your negotiating position, and minimize roadblocks to closing.3

Of course, it’s always possible that a pre-listing inspection—which looks at the home’s major systems and structures, among other things—could turn up a significant problem. This does carry some risk, as you’ll be required to either fix or disclose any issues to potential buyers. However, in most cases, it’s better to know about and address deficiencies upfront than to find out mid-transaction, when it could cost you more in the form of concessions, a delayed closing, or a canceled sale.

We can help you decide if a pre-listing inspection is right for you. And if it identifies any concerns, we can advise on which items need attention before you list your home.

 

  1. CONSIDER STRATEGIC UPGRADES

Embarking on major renovations before putting your home on the market doesn’t always make financial (or logistical) sense. However, certain upgrades are more likely to pay off and can help elevate your home in the eyes of buyers.

For example, refinishing hardwood floors results in an average 147% return on investment at resale and new garage doors typically pay for themselves.4  Similarly, research shows that professional landscaping can boost a home’s value by as much as 20%.5

Often, even simpler and less expensive fixes can make a big difference in how your home comes across to buyers. A fresh coat of paint in a neutral color, modern light fixtures and hardware, and new caulk around the tub or shower can help your property look its best.5 

But before you make any changes to your home, reach out. We know what buyers in your neighborhood are looking for and can help you decide if a particular investment is worthwhile.

 

  1. HIRE A HOME STAGER

To get standout offers, you need potential buyers to fall in love with your home—and they’re much more likely to do so if they can envision themselves in the space.

That’s where home staging comes in. Staging can include everything from decluttering and packing away personal items to bringing in neutral furniture and accessories for showings and open houses.

According to the National Association of Realtors, home staging can both increase the dollar value of home offers and help a property sell faster. In fact, 53% of seller’s agents agree that staging decreases the amount of time a home spends on the market, and 44% of buyer’s agents see higher offers for staged homes.6

There’s plenty of strategy and research behind the process, so it’s smart to consider a professional. Reach out for a connection to one of our recommended home stagers who can help your property show its full potential.

 

  1. EMPLOY A COMPETITIVE PRICING STRATEGY

While it’s tempting to list your property at the highest possible price, that approach can backfire. Homes that are overpriced tend to sit on the market, which can drive away potential buyers—and drive down offers.7 

Alternatively, if you price your home competitively, which is either at or slightly below market value, it can be among the nicest that buyers see within their budgets. This can ultimately lead to a higher sales price and fewer concessions.

To help you list at the right price, we will do a comparative market analysis, or CMA. This integral piece of research will help us determine an ideal listing price based on the amount that comparable properties have recently sold for in your neighborhood.

Without this data, you risk pricing your home too high (and getting no offers) or too low (and leaving money on the table). Combined with our local market insights, we’ll help you find that sweet spot that will attract the best offers while maximizing your profit margin.

 

  1. OFFER BUYER INCENTIVES

Sometimes, sweetening the deal with buyer incentives can help you get the best possible offer. Incentives are especially helpful in the current market, when many buyers are struggling with affordability and concerned about their monthly payments.

Options that can pay off include:

       Buying down their interest rate – You can pay an upfront sum to reduce the buyer’s mortgage rate. This approach can save far more than that cost over the life of the loan, meaning it’s worth more to the buyer than a simple price reduction.8

       Offering closing cost credits – You might pay a set amount or a certain percentage of the buyer’s closing costs.

       Paying HOA costs – You could cover homeowner association or condominium fees for a set period of time.

       Including furniture or appliances in the sale – If your buyer is interested, throwing in the furniture or appliances that they want and need can make your property more appealing.

Buyer incentives vary and valuing them can get complicated. We’re happy to talk through the options that might make sense for you.

 

  1. USE A PROVEN PROPERTY MARKETING PLAN

Gone are the days when it was enough to put a “for sale” sign in your yard and place a listing on the MLS. A strategic marketing plan is now essential to get your home in front of as many interested and qualified buyers as possible.

The truth is, buyers who don’t know about your house can’t make an offer. That’s why we utilize a multi-step approach to marketing that starts with identifying your target audience, effectively positioning your home in the market, and communicating its unique value. We then use a variety of distribution channels to connect with potential buyers and performance-based metrics to monitor and improve our campaign results.

Our proven approach can have a big impact on the success of your sale. Reach out to learn more about our multi-step marketing plan and discuss how we can use it to generate interest and offers for your home.

 

  1. WORK WITH AN AGENT WHO UNDERSTANDS YOUR AREA

To get the best offers possible, you need a real estate agent who knows your area inside and out.

Any agent can pull comparable sales data, but in a quickly-evolving market, even the latest comps can lag the current market reality. We have our fingers on the pulse of the local market because we’re working directly with sellers like you. We also represent local buyers who are active in the market, searching for homes like yours.

That puts us in an ideal position to help you price your home for a quick sale and maximum profit. And since we hear first-hand what local buyers want, we can help you prep your home to broaden its appeal and highlight its most-coveted features. Additionally, we can use our extensive network of local agents to solicit feedback and get your home in front of more potential buyers.

All of these factors can add up to a significant difference in your profit: In 2021, the typical home sold by owner went for $225,000 compared to a median price of $330,000 for agent-assisted home sales.9

 

LET’S GET MOVING

Are you ready to get a great offer for your home? Our multifaceted approach can help you maximize your real estate returns. Reach out for a free home value assessment and customized sales plan to get started!

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

Sources:

1.      U.S. Bank -
https://www.usbank.com/investing/financial-perspectives/investing-insights/interest-rates-impact-on-housing-market.html

2.      National Association of Realtors -
https://www.nar.realtor/sites/default/files/documents/2023-home-buyers-and-sellers-generational-trends-report-03-28-2023.pdf

3.      Bankrate -
https://www.bankrate.com/real-estate/prelisting-inspection/

4.      National Association of Realtors -
https://www.nar.realtor/sites/default/files/documents/2022-remodeling-impact-report-04-19-2022.pdf

5.      Bankrate -
https://www.bankrate.com/homeownership/landscaping-increase-home-value/

6.      National Association of Realtors -
https://www.nar.realtor/infographics/staged-for-success

7.      The Balance -
https://www.thebalancemoney.com/looking-twice-at-overpriced-homes-1798671

8.      U.S. News & World Report -
https://money.usnews.com/loans/mortgages/articles/a-guide-to-seller-paid-mortgage-rate-buydowns

9.      National Association of Realtors -
https://www.nar.realtor/research-and-statistics/quick-real-estate-statistics

Posted in Selling Your Home
Aug. 25, 2023

Selling Your Home in a Tight Housing Market

When it comes to selling your home, things can get a bit tricky, especially when there aren't many houses available for buyers to choose from. Right here in North Carolina, Kim Mathis and Associates are the top-notch experts in the real estate world. They're known as the best realtors in the state and can help you big time. If you're thinking about selling your home, here are five really good reasons why teaming up with agents like Kim Mathis and Associates is a smart move.

 

1. They Know the Market Really Well:

Kim Mathis and Associates know North Carolina's real estate scene like the back of their hand. They've been around for a while and understand all the ins and outs. When there aren't many houses for sale, knowing the local market trends, the right price to ask, and what buyers want is super important. Having these experts on your side means you'll get the most up-to-date and accurate info.

 

2. They Advertise Your Home in a Special Way:

In a crowded market with fewer houses, you can't just put up a "For Sale" sign and hope for the best. Kim Mathis and Associates are pros at coming up with unique ways to show off your home. They'll take awesome pictures and videos, and they've got a big network to spread the word. This makes sure your home stands out and gets noticed even when there's not a lot to choose from.

 

3. They're Good at Talking Deals:

When it's hard to find a house, buyers might want to haggle a bit more. This is where Kim Mathis and Associates really shine. They're great at talking things out and getting you the best deal possible. They know how to handle situations where many people are interested in your home, which can sometimes lead to a bidding war. You'll feel confident with them leading the way.

 

4. They Know People Looking to Buy:

In a time when houses are scarce, you want to reach out to serious buyers quickly. Kim Mathis and Associates have a bunch of potential buyers who are actively searching for homes just like yours. This gives you a head start by connecting with people who are really interested and ready to make a move.

 

5. They Save You Time and Stress:

Selling a house takes a lot of time and can be really stressful. But when you team up with Kim Mathis and Associates, you're handing over all the hard work to the experts. They'll take care of the paperwork, showings, and all the other stuff that eats up your time. This means a smoother and more convenient selling experience for you.

 

In a time when there aren't many houses up for grabs, it's important to make the right choices. Kim Mathis and Associates, the best realtors in North Carolina, have the know-how to guide you through this tricky market. So, when you're thinking about selling, don't miss out on the chance to team up with these experts.

Posted in Selling Your Home
Aug. 18, 2023

Revolutionizing Homes with Smart Home Devices: A Guide by Kim Mathis & Associates, the Best Realtor in North Carolina

Welcome to an exciting journey into the world of smart home devices that are transforming the way we live, and who better to guide you through this technological marvel than Kim Mathis & Associates, the finest realtor in North Carolina! If you're ready to elevate your living space into a realm of convenience, efficiency, and luxury, then buckle up, because we're about to delve into the incredible realm of smart home technology.

 

Embrace the Future of Living

Imagine a home that anticipates your needs, adapts to your preferences, and enhances your everyday life – that's the magic of smart home devices. Thanks to the expertise of Kim Mathis & Associates, you're about to discover a curated list of the most beneficial smart home devices that are guaranteed to upgrade your home and elevate your living experience.

 

1. Smart Thermostats

Bid farewell to uncomfortable temperature fluctuations and energy wastage. With smart thermostats, such as the renowned Nest Learning Thermostat, your home will automatically adjust its temperature to suit your preferences and schedule. It learns from your behavior, optimizing energy usage and saving you money on your utility bills. Now, that's a win-win situation!

 

2. Intelligent Lighting Systems

Kim Mathis & Associates know that setting the right ambiance is crucial when selling or buying a home. With smart lighting systems like Philips Hue, you can effortlessly create the perfect mood for any occasion. Change the color and intensity of your lights with a simple voice command or tap on your smartphone. It's not just lighting; it's artistry at your fingertips.

 

3. Voice-Activated Assistants

Picture this: you walk into your home and simply say, "Turn on the lights, play my favorite playlist, and lower the blinds." With voice-activated assistants like Amazon Echo or Google Nest, this futuristic scenario becomes your reality. Kim Mathis & Associates recognize the value of convenience, and these devices are here to make your life easier and more enjoyable.

 

4. Smart Security Systems

Home security is a top priority, and that's where smart security systems shine. Devices like the Ring Video Doorbell and Arlo Cameras provide real-time video monitoring, allowing you to keep an eye on your property from anywhere in the world. Kim Mathis & Associates understand that a safe home is a happy home, and these devices offer unparalleled peace of mind.

 

5. Automated Home Locks

Never worry about forgetting to lock the door again. With automated smart locks like August Smart Lock Pro, you can lock and unlock your doors remotely, grant access to guests without being physically present, and receive notifications whenever someone enters your home. It's the ultimate in security and convenience, just the way Kim Mathis & Associates envision the perfect home.

 

As you embark on your journey to embrace the future of living with smart home technology, remember that Kim Mathis & Associates, the best realtor in North Carolina, are here to guide you every step of the way. Get in touch with Kim Mathis & Associates today and embark on a path to a smarter, more vibrant living space!

Posted in Tips and Advice
Aug. 11, 2023

Riding the Wave: Home Prices on the Rise and How Kim Mathis & Associates Can Help Home Buyers

The real estate market is once again showing its dynamism as home prices surge upwards. For prospective home buyers, this trend can be both exciting and daunting. However, navigating this competitive landscape doesn't have to be overwhelming. Enter Kim Mathis & Associates, a standout name in North Carolina's real estate scene. With a proven track record and a wealth of expertise, they are your go-to partners in securing your dream home amidst rising prices.

 

The Current Housing Landscape

In recent times, the real estate market has been witnessing a significant rebound in home prices. Factors such as low mortgage rates, growing demand, and limited housing inventory have contributed to this upward trend. While this might lead to concerns about affordability and accessibility for potential buyers, it's important to remember that with the right guidance, you can still make the most out of the situation.

 

Kim Mathis & Associates: Your Trusted Allies

In the bustling real estate market of North Carolina, Kim Mathis & Associates have established themselves as the best realtors to guide you through these dynamic times. With years of experience and an intimate understanding of the local market, they possess the insights needed to make informed decisions in a competitive environment.

 

How They Can Help Home Buyers

  • Market Expertise: Kim Mathis & Associates stay up-to-date with the ever-changing market trends. They can provide you with valuable information on the neighborhoods, property values, and growth potential, enabling you to make informed choices.
  • Tailored Recommendations: Each home buyer's needs are unique. Whether you're a first-time buyer or looking for an investment property, Kim Mathis & Associates personalize their approach to ensure your requirements are met.
  • Negotiation Skills: In a competitive market, negotiation skills are crucial. The team's experience comes into play here, helping you secure the best possible deal without compromising on your interests.
  • Vast Network: With a wide network of connections in the industry, Kim Mathis & Associates can often provide access to off-market properties or upcoming listings, giving you a competitive edge.
  • Streamlined Process: Navigating the complex world of real estate transactions can be overwhelming. Kim Mathis & Associates streamline the process, guiding you from property search to closing, ensuring a smooth experience.

 

Final Thoughts

The current surge in home prices doesn't have to deter you from realizing your homeownership dreams. With Kim Mathis & Associates by your side, you can tap into their expertise, market knowledge, and dedication to helping you find the perfect home despite the challenges. Their commitment to their clients and their unparalleled services truly set them apart as the best realtors in North Carolina. So, if you're looking to ride the wave of rising home prices, reach out to Kim Mathis & Associates and take that first step towards making your real estate aspirations a reality.

Posted in Market Updates
Aug. 4, 2023

7 Common Homebuyer Regrets (And How To Avoid Them)

To avoid buyer's remorse, be sure to consider your future self when shopping for a home. 

Most new homebuyers don't regret becoming homeowners. In fact, according to a survey by LendingTree, 80% of recent buyers who successfully overcame a challenging housing market say they're glad they found their current homes.1 But that doesn't mean newly-minted homeowners don't have any regrets about their buying choices. 

On the contrary, research shows that even the most-satisfied homeowners would change some aspects of their home purchase if given the opportunity. According to a recent survey by Anytime Estimate, nearly 3 out of 4 buyers who purchased a home in 2021 or 2022 still have a few regrets.2 

Some question their decision to move to a neighborhood they still don't love. Others wish they had been less picky about where they lived so they could have paid less. Many are afraid they overspent or think they sacrificed too much in their rush to buy a home. 

Here are some of the most common homebuyer regrets we see, along with our professional advice on how to avoid them.

 

REGRET #1: Spending More Than Necessary 

No one wants to overpay for their new home purchase (and, luckily, with the right guidance, doing so is avoidable). But even if you've secured a winning purchase price, there are still plenty of ways to accidentally overspend. 

One of the most common ways to overpay? Choose the wrong mortgage. In fact, in today's higher-rate environment, this can be one of the riskiest mistakes a new buyer can make. 

According to a recent survey, for example, nearly three-quarters of homebuyers leave money on the table by not bothering to shop around for the best rate.3 And research by LendingTree suggests that buyers in major metro areas lose an average of $63,151 over the life of their loan just by picking the first mortgage they're offered.4

Lesson Learned:  As long as you stick to what you can afford, buying a home can be a boon for your financial health. The longer you live in it, for example, the more your home is likely to appreciate in value and boost your long-term savings. 

But to get the most value from your purchase, it's worth your time to compare financing options and shop around for the best deal. We also recommend getting a mortgage pre-approval before you start your home search so you know what's within reach. We can refer you to one of our trusted lending partners for help.

 

REGRET #2: Rushing Into a Home Purchase

In a competitive housing market, it's often necessary to act fast to secure a home. But don't let a need for speed tempt you into making an offer before you've thought through or fully vetted a new property.   

Rushing into a home purchase isn’t just risky, it's also one of the most commonly cited sources of homebuyer regret. According to Anytime Estimate, for example, more than 1 in 4 homebuyers felt remorse over how quickly they sped through the home buying process.2 

Getting swept away by your emotions can also lead to buyer's remorse. If you've found a home you love and are competing with other buyers, it can be tempting to overlook key details or bid more than you can afford. That's one reason it helps to have a skilled professional by your side to calmly guide you through the process and ensure you act with reason, rather than emotion.

Lesson Learned:  Buying a home is exciting. But if you don't keep your emotions in check or act too impulsively, you could make poor choices in the moment that are hard to undo later. 

To avoid making last-minute decisions that could backfire, know what you want, what you need, and what you can afford before you start your home search. We can help you set priorities so you’ll be able to move forward with confidence when the time is right.

 

REGRET #3: Miscalculating the Costs of Homeownership

Though real estate is a great long-term investment, it can be pricey in the short-term, often surprising homeowners who aren't prepared for it. According to some estimates, for example, annual maintenance could cost as much as 1% or more of your home's purchase price.5 Some buyers also forget to factor in additional ownership expenses, such as property taxes, insurance, and repairs.

Failing to think through the costs of homeownership is one of the most common sources of homebuyer regret. According to Anytime Estimate, for example, nearly half of the homebuyers who regret their purchase said they underestimated how much they would spend to live in it.2

However, some homes cost more to live in and maintain than others. So even if you're certain that you can afford the average cost of homeownership, that doesn't necessarily mean that every home in your price range will fit neatly into your budget. For example, very old homes with unique maintenance requirements could be extra pricey to keep up. Similarly, homes with high HOA or condo fees could also eat into your monthly budget. 

Lesson Learned:  A home should help you build your wealth, not drain it. So it's important to factor in all the potential costs of living in a home—not just obvious ones like your mortgage payment and taxes. To ensure you don't get overextended, add up your estimated maintenance and repair costs, as well as any miscellaneous expenses that are unique to a particular home. 

We can help you with these estimates—and, if needed, present you with some less-costly alternatives.

 

REGRET #4: Underestimating the Time Required To Maintain or Renovate a Home

One of the most joyful aspects of homeownership is getting to relax in a home that's all your own. But if a home is too high maintenance, then you may not have time to savor it. 

Many homeowners love to spend their weekends puttering in their gardens or undertaking home improvement projects. But if that's not you, then you may not like living in a home with a big yard or with high-maintenance features, like a pool.

According to a survey by Hippo, for example, 47% of homeowners who feel some regret about their home purchase complain that too much maintenance and upkeep is required.6 

Similarly, buyers who purchase fixer-uppers are often surprised by how much time it takes to rehab their new homes. Although buying a fixer-upper is a great way to save on the purchase price, you could come to resent it if it eats up all your free time.

Lesson Learned:  Renovation and maintenance projects are often time-consuming and stressful. So beware of committing to a property that requires too much of your attention if you don't have the time or patience for it. With that said, home improvement projects can also bring a lot of joy and satisfaction to owners who like rolling up their sleeves.

We can talk through the realities of homeownership with you and help you choose a property that will fit your personality and schedule.

 

REGRET #5: Ignoring or Skipping a Home Inspection

It’s easy to get swept up in the excitement of buying a home. Sometimes, buyers will agree to skip a home inspection to sweeten their offer in a competitive market. They may also be tempted to pinch pennies since they’re already facing a large outlay. However, if you skip out on a home inspection, you could come to regret it.

When you hire a home inspector, you get a professional, in-depth examination of the property’s structures and systems before you buy it. It’s a worthwhile investment that can save you money in the long run, either by warning you away from a bad purchase or by providing a list of deficiencies you can use to negotiate with the sellers. 

But even the most thorough home inspection isn't going to be worth much if you don't take the time to carefully consider it. If at all possible, make sure you’re on-site during the inspection so you can observe and ask questions. And don’t forget to re-evaluate any repairs that the seller agrees to make to ensure they’ve been properly completed prior to closing.

Lesson Learned:  A home inspection can reduce your risk and save you money in the long run. But to maximize its effectiveness, you will need to be an active participant in the process.

We’d be happy to share a list of experienced and trustworthy home inspectors in our area. And when the inspection report is complete, we can help you decide if the purchase is worthwhile and negotiate any relevant seller concessions and repairs.

 

REGRET #6: Choosing a Home That Doesn't Fit 

Homeownership is often a better investment if you’re willing to stay put for at least five years.7 But if your newly purchased home isn’t a good fit, then you may not want to stick around that long. 

Many homeowner complaints come down to simple lifestyle issues: Although a mismatch may seem small at first, the problems can magnify if you make so many compromises that they interfere with your quality of life.

Or, sometimes homebuyers can fall in love with a beautiful home and forget about practicalities. For example, a stunning kitchen can’t replace a needed bedroom or bathroom. And a sparkling pool may sit empty if the home requires a lengthy commute to your office.

Make sure you set some guardrails during your home purchase so you don’t over-compromise or accidentally prioritize your wants over your needs.

Lesson Learned:  When you’re dealing with limited inventory or a fixed budget, it may be necessary to sacrifice some items on your home wish list. But if you fail to secure your must-haves, you could come to regret your home choice.

We can help you avoid an ill-fitting home purchase by working with you to set (and stick to) priorities and parameters before you begin your search. 

 

REGRET #7: Purchasing Without Professional Help

Another path to homebuyer regret? Foregoing the expert guidance and market insight that you can only get from a licensed real estate agent.

Buying a home without professional representation can be extremely risky. Therefore, it’s no surprise that 86% of buyers enlist the help of an agent when purchasing a home. And the vast majority find their assistance to be invaluable: 89% say they would use their agent again or recommend them to others.8

Real estate is hyperlocal and extremely fluid—especially these days when the market is in constant flux. So it pays to have a knowledgeable expert by your side who can guide you through an often-complicated process. 

We can help you avoid expensive mistakes that could lead to buyer’s remorse, all while making your home purchase as seamless and stress-free as possible. And since the home seller typically pays our commission, there’s no added expense for you!

Lesson Learned:  When you work with a real estate agent, you benefit from a wealth of expertise and on-the-ground insight that you can't get anywhere else. We’ll help you steer clear of the missteps that so many homebuyers make, so you can focus on enjoying your new home instead of questioning your choices down the road.

The best part? Since the majority of home sellers pay us a commission at closing, in most cases, we offer our invaluable guidance and assistance at no additional cost to you!

 

BOTTOMLINE

No one wants to look back on their home purchase and realize they made a big mistake. We can help you avoid the pitfalls so you can buy with confidence. To learn more about how we work to ensure our clients’ satisfaction, reach out today to schedule a free consultation.

 

The above references an opinion and is for informational purposes only.  It is not intended to be financial, legal, or tax advice. Consult the appropriate professionals for advice regarding your individual needs.

 

Sources:

1. LendingTree - 

https://www.lendingtree.com/home/mortgage/homebuying-process-survey/

2. Anytime Estimate - 

https://anytimeestimate.com/research/american-home-buyers-2022/ 

3. Zillow Home Loans - https://zillow.mediaroom.com/2022-11-18-Prospective-home-buyers-spend-about-as-much-time-researching-new-TVs-as-they-do-mortgage-lenders 

4. LendingTree - 

https://www.lendingtree.com/home/mortgage/mortgage-shopping-study/

5. CNBC - 

https://www.cnbc.com/2022/05/01/survey-majority-of-homeowners-have-regrets.html

6. Hippo - https://www.hippo.com/blog/2022-hippo-housepower-report-how-homeowners-are-responding-essential-maintenance-during

7. Realtor.com - 

https://www.realtor.com/advice/sell/how-soon-can-you-sell-a-house-after-buying/ 

8. National Association of Realtors - https://www.nar.realtor/research-and-statistics/research-reports/highlights-from-the-profile-of-home-buyers-and-sellers#homebuyers

 

Posted in Buying your Home