Area 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!

Jan. 17, 2020

Can You Represent Yourself When Buying a Home?

There are many reasons a person may consider purchasing a home without a Real Estate Agent. One of the most common is the belief of being responsible for paying the Realtor fees. When in fact, it is the seller who pays a commission to the Real Estate Agents. 

Sellers rely on agents to help them ensure you pay top dollar. Hiring your own Real Estate Agent helps to level the playing field for you. In short, you don’t need one, but it may be in your best interest to work with one.

We’ve put together the benefits of having a Realtor on your side to help the decision process easier. 

Potential Risk When Representing Yourself 

Many homeowners successfully represent themselves in sales. People with prior experience in real estate and sales are most likely to have this level of success; though not always. For instance, a Real Estate Agent who specializes in navigating commercial real estate leases on behalf of a business might be out of their depth when it comes to selling houses.

If the seller is dishonest or not forthcoming on issues related to the home, you could leave thousands of dollars on the table and overpay for your home. With the help of their agent, the seller could talk you out of doing your due diligence by wowing you with great cosmetics, using pressure tactics and offering a seemingly great price.

The Benefits of Hiring a Real Estate Agent

Moving into your new home is a wonderful feeling of accomplishment. However, ask any homeowner about the process leading up to that, and they will explain how frustrating it can be. Here’s how real estate agents can help alleviate that. 

Beat the Competition

Homes can sell very quickly - especially in positive economic times and in great locations. When you want to buy in a hot market, Real estate Agents can show you properties before the listing even goes live.

Community Knowledge

Many people believe they know an area well enough to negotiate for themselves because they live nearby. Sometimes just crossing the street in North Carolina can cause you to enter a completely different market. Agents know this and can negotiate more skillfully on your behalf.

Proper Transference

You have probably heard horror stories of homeowners who are about to move into their homes when the real owners or a second set of buyers show up. Real Estate Agents can assist you with completing all the due diligence steps that are in your hands to help prevent this.

At Chapel Hill Realty Group, we have served our community and its residents for more than 65 years. We believe our commitment to our clients has kept us in business for all of these years, and we’re committed to showing you the same level of dedication. Reach out to us for help with buying your next home today. Call our team at (919) 942-4149 or visit www.chapelhillrealtygroup.com today!

 

Posted in Market Updates
Dec. 20, 2019

Chapel Hill: Simply the Best College Town in North Carolina

Renowned for its superlative educational institutions and over 170 companies with offices located in the area, The Triangle (comprised of Raleigh, Durham and Chapel Hill) is a major place of interest when it comes to looking for a great place to live.

If you are in the market to buy a new home, you may not want the big city environment of the state capital and a commute that goes with it. Chapel Hill, a fantastic college town and known by locals as the “southern part of heaven,” may be more your speed and with good reason

The University of North Carolina-Chapel Hill makes its home here and so should you, especially if quality of life is what you are looking for.

Higher Learning

Known for its excellent academics, phenomenal basketball program and fantastic art museum, UNC-Chapel Hill is the keystone for the public university system in North Carolina. Of course, the other sides of the Research Triangle feature NC State and Duke University, so you know that this area values a good education. In fact, over 74% of adults in Chapel Hill have a four-year degree or higher.

A Cooler Culture

Not all college towns provide an enriching experience for all of their residents. However, in Chapel Hill, even homeowners can benefit from the academic environment. The creativity spills off campus into the surrounding community, with plenty of live music, great local restaurants and even convenient public transportation - which you may not expect in a town this size. Chapel Hill real estate is in demand because so many people, from students and working families, to retirees, want to immerse themselves in all that Chapel Hill has to offer.

Very Neighborly

Chapel Hill real estate brokers know all about the exceptional variety of neighborhoods, both near UNC and farther away from the center of town. Close to the college are historic areas, including Cameron-McCauley, Franklin-Rosemary and Gimghoul. For a more traditional neighborhood, you may want to visit Westwood or Greenwood.

Chapel Hill also has the exceptional charm, very much like a village - there are local shops, restaurants and schools all within walking distance from most of the homes. Some of the popular developments you may want to consider are Briar Chapel, Meadowmont and Southern Village. Lake Hogan Farms is another neighborhood that features a variety of home styles and amenities.

Time to Go Home

Chapel Hill homes for sale can go quickly, but if you work with Chapel Hill Realty Group, you can find the perfect home for you and your family. Visit us online to see what’s new in the area or to schedule an appointment, call our Chapel Hill Realty experts at (919) 942-4149.

Posted in Market Updates
Nov. 25, 2019

Top 5 Tips to Hiring The Best Real Estate Agent In Chapel Hill

Buying a home is a big investment - the biggest in most of our lives. Whether you are buying, selling or both, taking the time to find the right real estate agent will help make your home buying/selling experience better in the long run.

In this article, we’ll go over a few tips you can use to find a qualified real estate agent, when it comes to buying or selling a home in Chapel Hill. 

1. Look For A Realtor, Not Just A Real Estate Agent

All Realtors are real estate agents – but not every real estate agent is a Realtor. To become a Realtor, a real estate agent must join the NAR (National Association of Realtors).

What’s the difference? A Realtor signs the NAR Code of Ethics, pledging to follow a comprehensive list of articles, standards and practices that establish the highest possible level of conduct for real estate agents. At Chapel Hill Realty, all of our real estate agents are Realtors.

2. Get Recommendations From Friends, Family & Colleagues

This is a great place to start if you have a lot of connections in the Chapel Hill area. Chances are that your social network can refer you to some reliable, knowledgeable real estate agents in the area. From there, you can begin narrowing down the list, and choosing the agents you believe will be the best for you.

3. Look At Online Listings, Websites & Reviews

Once you’ve gotten some referrals and recommendations, you can start looking at the online listings, websites and reviews for the Realtor you’re considering. Reading online reviews and checking out the Realtor candidate’s website is a good way to learn more about what they do – and ensure they’re a good fit for your needs.

4. Attend Open Houses To Meet The Real Estate Agent

If you’d like to meet with a real estate agent and learn more about how they work, you can go to an open house they’re hosting. Pay attention to how they behave throughout the open house. Are they polite? Knowledgeable about the home? Informative? Do they know a lot about the local market? Look for an agent who is engaged and willing to talk with you about the home – not one who is either lacking engagement or overbearing. 

5. Schedule Interviews With Your Top Candidates

Once you have a list of a few top candidates, you should schedule a sit-down interview with each one. Take this time to ask any questions you may have about buying or selling a home in Chapel Hill, and develop a better understanding of your candidate’s personality, qualifications and professional demeanor – and you’re sure to choose a qualified real estate agent!

Need Help? Get In Touch With Chapel Hill Realty Group!

At Chapel Hill Realty Group, our experienced Realtors specialize in buying and selling homes in Chapel Hill. Our goal is to provide a level of knowledge, responsiveness and quality service unrivaled in the Chapel Hill, NC market.

Contact us online or call (919) 740-0884 to speak with one of our Realtors and learn more about our qualifications and expertise, so that we may help you find your dream home!

Posted in Market Updates
Oct. 28, 2019

Research Triangle Families Enjoy Top Ranked High Schools

The Research Triangle in North Carolina is well known for its impressive higher education institutions and robust STEM-based economy. Fewer people realize that it also has very strong primary education facilities. Families looking for homes in great neighborhoods that will give their children a strong start in life should place The Triangle high on their priority lists and we’ll tell you why.

What Is the Research Triangle?

If you live outside of this area, you may ask what exactly is The Research Triangle? It is a region in North Carolina roughly between North Carolina State University, Duke University and the University of North Carolina at Chapel Hill. These well-regarded research universities have helped make the triangular area between them a hotbed of education, research and development, and enterprise.

Research Triangle Top-Ranked High Schools

Every year, the U.S. News & World Report releases rankings of the best U.S. high schools. In 2019, over 17,000 were ranked and The Research Triangle is home to 12 of the top 1,000 in the country. That is an impressive showing for an area that only contains around 0.65% of the total U.S. population.

The highest-ranked of these schools was Raleigh Charter. It was the second-ranked school in North Carolina and the 111th highest ranked school in the country. These are a few of the other well-ranked schools in the area:

·         Woods Charter School – state ranking: 5; national ranking: 142

·         East Chapel Hill High School – state ranking: 11; national ranking: 441

·         Wake STEM Early College – state ranking: 13; national ranking: 601

·         Chapel Hill High School – state ranking: 18; national ranking: 717

·         Franklin Academy – state ranking: 20; national ranking: 762

·         Carrboro High School – state ranking: 21; national ranking: 768

·         Green Hope High School – state ranking: 23; national ranking: 793

·         Wake Young Women’s Leadership Academy – state ranking: 25; national ranking: 811

·         Panther Creek High School - state ranking: 29; national ranking: 869

·         Durham School of the Arts - state ranking: 30; national ranking: 930

·         Research Triangle High School - state ranking: 31; national ranking: 999

These rankings are based on a six-factor score. The factors include college readiness, college curriculum breadth, math and reading proficiency, math and reading performance, underserved student performance and graduation rate.

Having so many schools in the top 1,000 nationally is a great reflection of the education quality in The Research Triangle. Homeowners with families can feel confident that their children are going to receive a good primary education in the area.

Buying in the Research Triangle

If finding a home in a great Research Triangle school district is at the top of your list, Chapel Hill Realty Group can help. Call our team at (919) 942-4149 or visit us online to search for your dream home in a great neighborhood today! 

Posted in Market Updates
July 31, 2017

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.

Posted in Market Updates