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!

March 12, 2020

Sell Your House Now: The Art of Home Staging in 8 Easy Steps

There are many key factors that play roles in the success of selling a home. Selling your house can actually be an easy, positive experience for both you and your buyer - as long as you are setting yourself up for success in the right areas.

It is important to give yourself every advantage for a quick sale from the very beginning and home staging is a great place to start for maximum buyer appeal. Statistics from the Real Estate Staging Association show that staged homes sell faster than unstaged homes. In fact, homes that were pre listed staged were sold within 23 days on average, while unstaged homes averaged a whopping 143 days until they were sold. Staged homes also garnered a higher price than unstaged.

Looking at selling your home? Don’t stress - our expert selling team has put together a list of our top tips when it comes to staging your home for sale. 

1. Stage the Important Rooms

The kitchen, living room and master bedroom tend to be the most lived in rooms of a home, therefore the most important when it comes to potential buyers. Focus on these rooms as your top priorities when it comes to your staging efforts and money. 

2. Remove Personal Items

The only way a buyer will purchase a home, is if they truly can envision themselves living in it. Putting your personal items away (such as framed photos, clothing, etc) will help them get there and can help increase opportunities for a sale to happen. 

3. Make Your Space Sparkle

Cleaning your home from top to bottom is critical to attract buyers and achieve a fast sell. A clean home encourages buyer confidence that the sellers maintained and cared for their property. Dirty or unkept spaces can be a quick turn off. 

4. Lighten Up The Space 

Homes with light and bright spaces are more appealing than dark ones. Open drapery and blinds, as well as turn on lighting to create bright rooms and spaces. 

5. Consider Furniture Arrangement

When it comes down to it, you are selling a livable space. Store large, bulky and unnecessary furniture to highlight the roominess of a home. It also allows potential buyers to better picture their own furniture in the home. 

6. Fresh Touches & Smells 

Adding a bowl of green apples or a vase with fresh flowers to a room will create a cheery, healthy ambiance. Or perhaps, consider baking fresh cookies before an open house or tour- the aroma will bring a true sense of “home” to a house. 

7. Fix & Repair

Like cleaning, repairing minor items in the home is important. Touch up small flaws with paint and repair any handles or loose items that buyers may come in contact with.

8. Declutter Your Clutter

A minimalist space is appealing to buyers opening closets and pantries. Be sure to store or toss items that may hinder the visual appeal of your house. The focus should be on the actual house, not your things

Partner With the Experts

Let the professionals at Chapel Hill Realty Group help you sell your home fast! We know all of the different factors that help contribute to selling a home - and quickly. 

 Contact our team online or call us directly at (919) 942-4149 today! 

Posted in Market Updates
Feb. 12, 2020

Three Things to Consider Before Switching Realtors

Buying a home is one of the most exciting accomplishments you can embark on. Homeownership is a fantastic investment in your financial and personal future, so it’s no wonder that so many people are in the market for a new home. As most of those people will soon learn, though, that searching for a house is often just as stressful as it is exciting.

When it comes to buying a home, you have to contend with other buyers, stay within budget and find a realtor who is willing to advocate for you. The last of these is perhaps the most important, so if you find that your realtor is not as proactive as you’d like, you might wonder whether you can find a new one when you are buying a home.

If you find yourself in the position of wanting to switch to a new realtor, here are 3 key things you should consider if choosing to do so. 

1.The Contractual Agreement You Signed

Most realtors work with buyers when a buyer reaches out to them directly. The relationship is typically mutually agreed upon and carried out during the search for a home with the financial and contractual aspects being finalized at purchase.

This allows you the ability to simply break ties if you need to, but some realtors ask clients to sign a buyer’s broker agreement, in which case switching realtors may be a bit tricky—though still not impossible.

2. Conditions of Cancellation in Contract

If you did sign a broker’s agreement, it will typically include a clause outlining protocol for termination of the relationship between realtor and buyer. Because realtors still make income from commission—not time spent searching for properties, cancelling your contract should not incur a fee.

Read your agreement carefully, to ensure that you meet the conditions it stipulates in order to cancel the contract and move on.

3.Ensure Satisfaction of Termination Conditions

Once you have identified the terms in your contract that allow for termination, it is important that you satisfy them completely. Some contracts allow for cancellation within a specific time period, while others may necessitate specific reasons for cancellation.

If your contract includes the latter, it is important to cordially and specifically communicate the reasons you are ending the professional relationship. A letter or email that can be documented is best, and it is also advisable to obtain the realtor’s signature acknowledging termination of the contract and relationship.

Once you have done this, you are free to partner with another realtor who is better equipped to help you find the home of your dreams.

For experienced and proactive real estate services, trust the professionals at Chapel Hill Realty Group. Call us at (919) 740-0884 or contact us online at chapelhillrealty.com today! 

Posted in Market Updates
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