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!

April 9, 2021

7 Hot Market Tips: How To Sell Your Home Fast in 2021!

With the housing market booming, 2021 is a great year to list your home for sale. No matter your reasons for selling, we’re sure that as a home seller, you want the process to be as quick and painless as possible. So, with that being said, our team is here to help! Here are the top tips you need to know to get your home listed and sold as quickly as possible. 

1. Choose Your Realtor Wisely

The agent you choose to turn to for assistance and advice during the home-selling process makes all the difference. Experienced realtors such as Chapel Hill Realty Group know the local market inside and out. They ensure your home and listing remains competitive, and they are adept at negotiating on your behalf. 

2. Tackle Quick Repairs and Improvements

Small improvements and repairs make a big impact on potential buyers. Some things to consider include:

        Refreshing walls with a new coat of paint

        Tightening faucets that leak

        Repairing door handles that are loose

        Replacing light fixtures that look old or outdated

        Switching out old cabinet hardware

3. Go Deep When it Comes to Cleaning and Decluttering

Your house will need to undergo a deep-down cleaning that leaves it sparkling. This is the perfect time to either part with clutter taking up space, or store it until you're ready to move it to a new home. Remove personal mementos and photos since these make it difficult for potential buyers to picture the space as their own.

Learn more about the top things that can turn potential buyers away here!

4. Set the Stage for Success 

Staging the house with thoughtfully placed furniture and decor showcases the home's possibilities. The appearance of each room looks best to potential buyers when adorned with attractive pieces as opposed to being completely bare or piled with clutter.

Get our top tips for staging here

5. Spring for Quality, Professional Photos

For most shoppers, the first view they'll have of your house is online. It's imperative that home photos feature great lighting and showcase the best assets. High-quality photos get buyers to step away from their computers and phones and into your home for a viewing.

6. Get the Price Right From the Start

It’s extremely important to list your home at the right price. Homes listed below or above others in the area leave buyers scratching their heads and wondering about the price. Starting too high may cause your home to languish on the market as you lower the listing price until you hit the sweet spot.

7. Keep Your Schedule Open

If you want potential buyers to visit the house and fall in love, you must remain flexible. Try not to over-limit the hours buyers can view the home. Be open to last-minute showing requests.

Sell Your Home With Chapel Hill’s Best! 

Taking the right steps along the home-selling journey makes all the difference between a house that sells quickly and one that doesn't. Prepare to list now and find out how Chapel Hill Realty Group can help make the process quick and stress-free. Contact our team online or call (919) 942-4149 today! 



Posted in Market Updates
March 16, 2021

Top 8 Things To Do in Chapel Hill This Spring

There is nothing like gorgeous Spring weather to bring us out of our Winter hibernation - especially during these pandemic times when so much time has been spent at home. Lucky for you, whether you live in Chapel Hill or are looking to buy a home here, you have the whole city and surrounding boroughs as your playground - and many can be done while distancing, shall distancing orders still be in place. 


Take advantage of all that this beloved college town has to offer all its residents and visitors by checking out our top recommended activities to entertain and delight you on a sunny Spring day!

 Hit the Streets

For shopping in little boutiques and getting a taste of local cuisine, find your way to Franklin Street. There you’ll find a mix of students and full-time residents strolling, grabbing coffee at numerous cafes, dining at the local restaurants and window shopping.

 Try Something New

Chapel Hill is proud of its diversity, and every spring, they celebrate it with the Near & Far Festival. This annual event offers attendees live music, dancing and food from the global community to expand your palate and your horizons.

 Storm the Castle

Gimghoul Castle is not for everyone, but if you appreciate a ghost story, you may want to give it a go. This unusual stone structure dates back to the 1920s, and legend has it that it’s haunted. Visit in spring when the spooky vibe may not be quite as intimidating.

 Stroll the Gardens

Chapel Hill boasts not one but two impressive gardens, the NC Botanical Gardens and Coker Arboretum. With hundreds of plants and many flowers in bloom, either site is a gardener’s paradise.

 Do a Pub Crawl

Did you know that April is NC Beer Month? Raise a glass to the end of Winter when you hit the local breweries and sample their artfully crafted beverages.

 Catch a Game

Chapel Hill is a basketball town, as you can see when you tour the Dean E. Smith Center and Carolina Basketball Museum. If the season has ended, you may want to catch a UNC soccer or baseball game and root for the Tar Heels!

 Get Some Culture

Highbrow it with a visit to Ackland Art Museum on the UNC campus, which has over 17,000 works in its collection. Another local favorite, especially with the kids, is Morehead Planetarium and Science Center.

 Take a Tour

A self-guided tour through Chapel Hill and Carrboro to see the over 30 murals is, frankly, one of the easiest ways to spend a sunny afternoon.

Make Charming Chapel Hill Your Home! 

For more suggestions to enjoy the springtime in Chapel Hill, contact Chapel Hill Realty Group. Our agents are also local experts who can help you find services and activities in addition to your new home in Chapel Hill.

Reach out to us online, or call our team directly at (919) 942-4149 today! 

Posted in Market Updates
Feb. 23, 2021

Don’t Miss Out On Your Dream Home: Why Getting Pre-Qualified Is Important

It’s not uncommon for people to buy their first home purely by chance. They begin looking to see what the market has to offer and next thing they know, they have enlisted a realtor and have started to look into serious options for buying a home. After finding the house of their dreams, they then begin the process of applying for and getting a mortgage.

While this method of house-hunting works for some people, the better approach involves a little more planning ahead - and the major step we recommend first, is getting pre-approved before you start seriously looking. By doing so, you’ll have a much more relaxed home searching and buying experience. Don’t believe us? Here are the reasons why getting pre-qualified is important when buying a home. 

Reduce Ineligibility Mishaps

You never know how much the bank is willing to fund until you go through the process of applying for a mortgage. When you complete the pre-approval process, the bank checks your credit history and then completes some basic income verification.

From there, it can provide a basic idea of how much money it thinks you can pay back at the current interest rates. This prevents the likelihood of you pursuing homes lenders will not fund.

Improve Competitive Offers

We’re currently in a seller’s market. Existing homeowners are bombarded with offers for their homes and can pick whoever they see fit at high prices. No seller wants to go through the process of choosing you as a buyer and then discovering you were either only window shopping or not eligible.

A pre-approval letter proves to sellers that you are serious and have done your homework. Plus this might make them more willing to negotiate and work with you.

Respect Professional’s Time

Realtors and other professionals spend a lot of time helping you find a home. When you have a pre-approval letter, your realtor feels more confident about the showing process leading to a sale. Without that pre-approval letter, the professional is gambling with their time.

Getting a pre-approval letter shows respect for the time we invest. It also provides us with a budget to work with.

Save Yourself Some Time

Even if the bank qualifies you for the home of your dreams, without a pre-approval letter, you begin that process from scratch. This might even mean finding a bank, to begin with. The process of bank hunting and submitting an initial application takes time.

Your broker and underwriter also need more time to review the information you presented. This all tacks on extra time. When you apply for a pre-approval, they can complete checks while you continue house-hunting.

Ready To Find Your Dream Home? 

When it comes to buying a home, it’s important to find a realtor with experience and who will work with you every step of the way. In today’s market, pre-approval is more important than ever - and the team at Chapel Hill Realty Group can help you navigate this step, and the rest, until you get the home of your dreams. 

At Chapel Hill Realty Group, our agents’ local knowledge and expertise provide unsurpassed excellence in service and assistance to our clients - you’ll feel good about our team. Fill out our contact form online at ChapelHillRealty.com, or call us directly at (919) 942-4149 today! 

Posted in Market Updates
Jan. 28, 2021

The 7 Ultimate Staging Tips to Sell Your Home in 2021

When it comes to selling your home, first impressions are important - and in almost every home showing, you have one chance to impress potential buyers. That’s why it’s important to highlight all of the things that are great about your home, and allow potential buyers to envision themselves living there - and loving it. 

Selling your home in 2021 can feel like a challenge, but you can improve your success and get an offer much faster if you take the time for staging. Instead of just hoping for the best, implement the following tips our home selling experts have put together, so that you can place the sold sign on the lawn and move to your next home and chapter! 

1. Clear the Clutter

A home is meant to be lived in; we know. And it’s easy for everyday items that we use to be left out. However, when it comes to staging, these items should be stowed away. Homebuyers don't want to see counters full of kitchen gadgets or bathroom products. They want to see the space that will be available to them should they buy your house.

Make several passes from room to room and get rid of any clutter that distracts. 

2. Simple & Spacious 

You don't have to go buy a bunch of new furniture for successful staging. Keep it simple by using what you have. In fact, you may want to pare down the furniture that’s in your home if it feels too full or overwhelming. This helps rooms feel larger and more spacious, and gives homebuyers a better chance to envision their own pieces in the home. 

Tip: Many times, it is worth having a small storage unit to put additional furniture or excess decor in it. Minimalism and simplicity will help you attract serious buyers.

3. Remove Personalization

Your walls and shelves may be covered with treasured family memories, kids’ artwork and knick-knacks, but taking these personalized items and pieces down will not only allow potential buyers to envision their own life there, it will also give you a head start on packing for your next home!

4. Clean, Clean, Clean

Whether or not you regularly clean, you'll have to do so when showing a staged home. Potential buyers don't want to see messes, dust, grime or animal hair. That means you'll likely have to clean every day, or at least prior to each time a showing is scheduled. 

If necessary, hire someone to do it for you. 

5. Furniture Placement

Your current furniture arrangements may not be conducive to productive staging. The right real estate agent will be able to help you decide how to rearrange things in a better flow, to better highlight space in your home. 

6. Improve Curb Appeal

When it comes to your home’s exterior, this is the absolute first impression a potential homebuyer will have. It is also what may draw people to want to schedule a tour of your home if they are simply driving by.

Make sure your lawn is mowed and your landscaping looks neat and tidy. If you have chipped or worn paint anywhere, make sure it gets a new coat or is touched up appropriately. 

7. Add Light

Don't leave your blinds or curtains closed when you're staging your home. Let the natural light shine in, and add additional lighting with lamps.

Bright rooms often appear more spacious, so turn on any overhead or accent lighting, any time a potential buyer is coming by for a showing.

Partner With The Best, To Sell Your Home 

Selling your home shouldn't be a stressful ordeal. Partnering with the right real estate professionals is your first step to ensuring that your investment in your home pays off, that’s why you should consider Chapel Hill Realty Group. Our Chapel Hill area property listing services and experience allow you to focus on your move, while we manage your home sale from our initial consultation, to closing the deal and beyond. We pride ourselves on repeat business and are confident you'll come to understand why.

If you're ready to sell your home and want more tips and tricks for staging, contact our team online, or call us directly at (919) 942-4149 today! 

Posted in Market Updates
Dec. 17, 2020

Top 8 Things That Can Turn Away Potential Home Buyers

Selling your home means much more than simply putting a sign in the yard, and listing it. When you put your house on the market, you hope to not only sell it quickly, but to also get a fair price. In order to do this, it’s important to present your home in a way that appeals to buyers. 

Not quite sure what this means? Or feeling a little overwhelmed? Don’t be. Our home selling experts are here to help! Set yourself up for success by avoiding these 8 buyer turn-offs.

1. Dirty Home

Most experts agree that a dirty home can cause buyers to flee. A house is not ready to be listed until it has been thoroughly cleaned. Consider investing in a professional cleaner to tackle the job because they have the tools and skills to help your house shine!

2. Excess Clutter

People can't see how beautiful your home is when it's completely covered in clutter. Because it leaves a bad impression and causes potential buyers to wonder whether your home lacks storage, it's worth the investment to rent off-site space for your extra possessions.

You can also think of it this way: it’s a great way to get a jumpstart on packing, as well as give you an opportunity to sort through what you want to keep for the next home, and what to part ways with.

3. Unpleasant Smell

When buyers walk into your home, they don't want to be greeted by a strange smell. Cigarette smoke is the biggest turn-off, along with strong cooking odors (and we’re not talking about fresh-baked cookies) and pet smells, not far behind. 

Before putting your house on the market, get rid of unpleasant odors by airing out your home, eliminating the sources of the odor and deep cleaning to eradicate any leftover evidence. 

4. Pets

Even though your dog is the “friendliest dog ever”, keep in mind that not everyone is an animal lover. So, having your pets stay in the home, while potential buyers take a tour, is a big no-no - plus they can be a distraction from the main goal: to showcase your home; not your pet

Another tip, is to make sure your home looks like a pet doesn’t live there - this means making sure furniture and carpets are free from fur and pet-causing stains. A potential buyer could be allergic, or may not be able to shake the “idea” that they may need to replace carpets right away. 

5. Jarring Wallpaper

If you have busy wallpaper throughout your home, it can turn buyers away. Most people prefer a blank canvas, so remove wallpaper. We recommend using neutral paint colors. 

6. Curb Appeal

First impressions are important, so put some effort into making sure your grass is neatly mowed and the weeds are under control. Also, if you have any clutter in your yard, make sure to put it in storage. 

7. Dim Lighting

Dim lighting can make your home seem uninviting and depressing. Change lightbulbs to a higher wattage, upgrade problematic light fixtures, open the blinds and add a strategically placed mirror or two to reflect extra light. 

8. Unrealistic Price

No matter how wonderful your home looks, buyers will be turned off if the price seems too high. Have your real estate agent check comparable prices in your neighborhood to make sure your asking price is realistic.

The good news is that you can easily fix these buyer turn-offs, and without spending a lot of money. Take the time and effort to clean, declutter and eliminate potential issues. By doing the necessary modifications, you can present your home in its best light. 

Get Experienced Assistance In Selling Your Home

Our Chapel Hill property listing services and local real estate experience allow you to focus on your move, while we manage your home sale from our initial consultation, to closing the deal and beyond. We pride ourselves on repeat business and are confident you'll come to understand why. Contact us by calling (919) 942-4149 today!

 

 

Posted in Market Updates
Nov. 24, 2020

Will 2021 Favor Home Buyers or Home Sellers

After a year filled with a lot of uncertainties and changes to the norms of the home buying process, those hoping to find their dream home should feel hopeful for the 2021 real estate market.

While it is impossible to say with certainty what the new year will bring, there are ways to estimate whether it is likely to be a buyers or sellers market. Staying informed is a powerful tool that can help you make the best home-buying decision possible. Want the inside scoop? Our premier real estate specialists put together this update to help you navigate what the future may hold. 

Understanding Buyers Vs. Sellers Markets

Home markets are always fluctuating based on how many people are selling and how many are looking to buy. This shifting ratio of supply and demand greatly impacts how much a new home will cost and how difficult it will be to find the perfect house in your budget.

In a buyers market, there are more homes being sold and less buyers, causing those who are selling to lower their prices in order to compete with other homes being sold. This type of market generally favors the buyer as there can be more options to choose from and more bargaining power to get lower prices.

A seller's market is the opposite situation. There are less houses being sold and more people looking to buy. This can cause prices to go up and ideal homes to fly off the market more quickly.

Knowing What the Future Has in Store 

The current housing market has experienced an overall trend in favor of sellers, with home prices being pushed up during the 2020 pandemic. Social distancing and a sharp increase in the number of people who work from home could continue to motivate people to buy a home rather than rent an apartment or stay in similar living situations.

While this sellers market may continue into 2021, there should still be plenty of opportunities for a well-qualified buyer to get into the home they’ve been looking for. Some predictions claim that 2021 may even bring about a gradual shift to a more buyer-friendly market.

Accomplishing Your Goals in 2021

If you’re looking to sell your home, now is likely a great time to do so. If you’re shopping for a new home, don’t be discouraged by the current marketplace. While it is impossible to tell exactly what the future has in store, new houses are always opening up and you will eventually be able to find a great match for your needs.

Ready to Buy or Sell? Get In Touch With The Experts

With our team at Chapel Hill Realty Group, you can find everything you'll need to buy or sell a home, as well as learn about the market values of homes currently available for purchase or recently sold. Our goal is to provide a level of knowledge, responsiveness and quality service unrivaled in the Chapel Hill market.

Get in contact with a realtor from Chapel Hill Realty Group to get expert advice and help finding the home you’ve been dreaming of - visit us online, or call us directly at (919) 942-4149 today!

Posted in Market Updates
Oct. 23, 2020

Selling Your Home in 2020-2021 FAQs

This year has been a challenge for practically everyone, but that doesn't mean that you should avoid putting your house on the market. If you're ready to sell, you can take advantage of historically low interest rates that are attracting buyers left and right.

Whether you've sold a home before or this is your first time, you likely have a few questions about the process. The following answers may help you decide whether selling in 2020 is the right choice for you.

1. How Much Should I Sell My Home For?

Currently, home values are continuing to increase. That means that you can get a good chunk of change out of your home if it has equity. However, some experts expect that home prices may drop in the future. How much you decide to sell your home for should be based upon an appraisal. These professionals use their expertise in your specific area to determine a realistic asking price that you're likely to be happy with.

2. How Can I Increase the Value of My Home?

If you don't have much equity in your home, you can increase its value by making some minor or major changes, depending on your budget. If you have a lot to spend, consider a remodel. New kitchens are big selling points, as are energy-efficient windows, updated roofs and landscaping renovations. If your budget is limited, you can replace appliances or even just repaint to increase the value.

3. How Long Does it Take To Sell My Home?

The length of time your home could be on the market varies based on the time of year and your location, but on average most homes sell within two to three months. Most experts agree that if a home has been listed for over six months it may be time to take it off the market and try again at a future date.

4. Will Coronavirus Affect the Selling of My Home?

Earlier in 2020, home sales dropped dramatically, simply because most people were stuck at home. As more things have opened up, home sales have rebounded slightly, but you can expect that the COVID-19 pandemic could have an impact on selling your home, likely due to social distancing guidelines and changes to traditionally face-to-face real estate processes (want tips on buying during the Pandemic? Click HERE). 

5. How To Pick a Great Real Estate Agent?

Finding a real estate agent who will work for you and with you to sell your home is essential. Contact our team at Chapel Hill Realty Group to find the right real estate agent for you today! 


Posted in Market Updates
Sept. 22, 2020

How to Avoid the Top 8 Mistakes Made by 1st Time Home Buyers

Are you in the position to purchase your first home? Congratulations! Buying your first home is a significant rite of passage. However, as most major events we face in our lives, you may feel a little overwhelmed. Don’t worry, this is natural. 

With some proper planning and advice from home buying professionals - you’ll be ready before you know it. Our team put together a list of the most common mistakes first time home buyers make and how you can avoid them and move forward to ensure a pleasant and memorable experience. Here they are: 

1. Not Having a Budget

It is necessary to set a price range before starting to shop for a house. Falling in love with a particular home before establishing a budget can lead to sticker shock or disappointment.

2. Not Checking Credit Rating

Buyers who plan to get a loan for a mortgage should be aware of their credit scores. Paying off debt, making timely payments and avoiding opening new credit lines increase the likelihood of receiving a bank loan.

3. Not Establishing Priorities

Before investing the time in touring houses, buyers should list the features of their ideal home. Rating the importance of each and having a firm set of criteria in place will save time and energy by immediately disqualifying unsuitable options.

4. Not Finding a Reputable Realtor

Working with an experienced real estate agent is critical for first-time home buyers. A knowledgeable agent can identify and steer eager buyers away from pitfalls they may not consider. A trustworthy agent can offer valuable insights about neighborhoods, analyze offers and negotiate a purchase price with the sellers or seller's agent.

5. Not Considering a Down Payment

Many first time buyers have the impression they are obligated to provide a 20% down payment to qualify for a mortgage loan; however, it is possible to reduce or eliminate this amount. For example, the U.S. Department of Veterans Affairs and the U.S. Department of Agriculture provide qualifying applicants with loans requiring no down payment. The Federal Housing Administration accepts down payments as low as 3.5% on loans. The North Carolina Housing Finance Agency offers a 1st Home Advantage Down Payment grant of $8,000 to many first-time buyers.

6. Not Prequalifying for a Mortgage

By meeting with several mortgage lenders to predetermine their monthly payments, first-time home buyers can set realistic expectations for what they can afford and avoid hasty financing decisions when they are ready to make an offer.

7. Depleting Resources 

When a down payment eats into a buyer's entire savings, it is wise to select a more affordable home. Down payments of 20% can avoid mortgage insurance payments but put buyers at risk of financial difficulties if they deplete their financial reserves.

8. Letting Emotions Guide the Purchase

First-time buyers are susceptible to emotional house-purchasing. To avoid biting off more than they can chew, buyers should focus on practicality.

Rely on an Expert

Working with the knowledgeable realtors at Chapel Hill Realty Group can help you avoid common mistakes and make buying your first home a memorable and a wise investment. 

Call our team at (919) 942-4149, or contact us online to set up an appointment today!

 

Posted in Market Updates
Aug. 13, 2020

7 Tips for a Long Distance Move to The Triangle

Planning a move to The Triangle? Whether you are still house-hunting, or have purchased a home and looking to start the moving process, we understand that a long-distance move can be stressful. There are many factors to consider and decisions to be made to get you, your family and belongings there safely.

Don’t let moving stand in your way of starting the next exciting chapter in your life - our team of real estate professionals has put together our list of top tips, when it comes to moving long distance, that will help ensure your move goes smoothly, so that you can start exploring all that The Triangle has to offer. 

1. Create a “Must Keep” List; Purge the Rest

Creating a list always gives a sense of organization and can relieve stress no matter the project. Make a list of your to do’s, along with an inventory of what you want to take to your new home.

Once this is created; get rid of anything you don’t need in your future home. Packing and transporting fewer items will also make moving easier on everyone (as well as more affordable) for you. Do this well before moving day. From extra pots, pans and countertop appliances in the kitchen - to clothes you have not worn for several years, be focused and clear out.

2. Plan Your Moving Date

The prime season for moves typically runs from Memorial Day to Labor Day. For the widest selection of dates and lowest prices, opt for moving between October and April.

Furthermore, choose mid-month and mid-week times for the easiest, most affordable scheduling. Choosing off-season moves also lets you take advantage of cooler weather if you are moving from or to a hotter climate.

3. Organize & Label While Packing

Put belongings you will need right away when the moving truck arrives in one box, and mark it Day One. This might include pots, pans and linens.

Label boxes by room, and a quick list of what is inside each box. This will allow you to prioritize on the other end, as well as take advantage of having anyone helping unload the truck to put the boxes in the correct rooms in your new home. 

Put your name on all boxes, as it is quite common for long-distance movers to pack their large trucks with multiple clients’ belongings. Side note: do not pack personal hygiene items, pet supplies, important documents or medications - anything you will need before the moving truck arrives, plus these may need to be in a temperature controlled environment. 

4. Avoid Packing Food and Liquids

We’ve seen this too many times. Non-perishable food attracts insects and mice - so, try to avoid this altogether.

As for liquids, they can leak from containers and damage your property. While they can make the trip, if items such as paint cans or cleaning products aren’t properly sealed, they can cause quite the mess, and it may not be worth it in the long run. 

5. Box Your Mattress

We have seen clients wait for their mattresses to arrive so they can finally set up a proper bed only to receive it damaged or tarnished.

Box your mattress to keep it clean and make transportation easier for the moving crews.

6. Clean Outdoor Furniture

If you are bringing outdoor furniture, check every piece for insect larvae. Some states prohibit transporting live organisms across state lines. Clean and disinfect all outdoor items you want to transport.

7. Insure Your Belongings

A lot can happen across the miles - why risk your investments, only to find them damaged when you go to set them up in your new home? It may benefit you in the long run to do a little research on movers insurance, and selecting the best plan for your belongings. 

Smooth Moves to The Triangle

When it comes to buying your new home in The Triangle, the real estate professionals at Chapel Hill Realty Group will make sure your experience goes as smooth and stress-free as possible. From the home-searching process, to moving in - we are there for you every step of the way, as well as offer many resources. 

Call our team at (919) 942-4149, or contact us online to set up an appointment today!

Posted in Market Updates
July 21, 2020

The Lowdown on Reasonable Home Inspection Repairs

There is nothing like finally finding your dream home (especially if you have been house hunting for a while). When it comes to the point of writing an offer - there are just a few things left to check off your list - one major one is the home inspection. 

First, do you have a home inspection contingency written into your offer contract? Most home buyers do, but they may not be sure about what repairs to ask for once the inspection is complete - actually, many buyers feel uncomfortable with the conversation altogether. 

If you have a reputable real estate agent, they can advise you. In fact, this is common practice when it comes to purchasing a home, as it helps alleviate any hard feelings between you, the buyer, and seller.

Our expert realtors have put together these tips that can help you understand what repairs are sensible after a home inspection and what you may want to take care of yourself after closing. Take a look below. 

The Big and In-Between Stuff

The whole point of a home inspection is to look for problems that go below the surface. Professional home inspectors can be extremely thorough to provide buyers with the most information about the property under contract. In fact, some concerns uncovered during inspection may be so hazardous or structurally significant that you may want to withdraw your offer.

When major issues are exposed, you can renegotiate your offer to ask for repairs to correct them or lower your price to make those repairs on your own. These fixes may be worth an ask:

        Termite or wildlife infestation

        High radon gas levels

        Lead paint (in older homes)

        High mold levels

        Well water or septic tank problems

        Aging or damaged roof

        Major structural, electrical, or plumbing troubles

As a rule, anything structural or non-functional related to home systems can be considered a reasonable repair request.

The Small Details

Concerns such as cosmetic issues, normal wear and tear and low-cost repairs that can be simple DIY fixes may not be worth jeopardizing your contract. 

Anything you could see during a home tour may be considered common knowledge at the time you made your offer, such as a scratched hardwood floor or chipped trim paint. Likewise, landscaping or fencing issues should not be demanded, as these upgrades are more of a home improvement project than a repair.

Keep in mind that a home inspector is also thorough to avoid any accusations of negligence or breach of contract. When the inspection report notes any unimportant or miniscule flaws, you should not automatically expect the home seller to be willing to correct every line item. Both the selling and buying agents can attend the home inspection to prevent any surprises and to advocate for their clients.

Whether you are the homeowner or the buyer, trust the guidance of your real estate agent, and ask questions at any time during the property selling process to protect yourself.

The agents at Chapel Hill Realty Group can offer you more advice and help you search for your dream home. Call our team at (919) 942-4149 or visit us online to learn more about our services.



 

Posted in Market Updates