Are you thinking about buying a new home in the Raleigh area, or perhaps you’re considering selling your home here so you can make an upgrade? Whatever the case, finding success with your real estate transaction means balancing your expectations versus what the local real estate market will offer. In today’s blog post we’ll share a few pointers around managing expectations that you can use when you buy or sell a home in Raleigh.
Buying or Selling, You’ll Need to Be Realistic About Pricing
Pricing is a major consideration in any real estate transaction regardless of whether you’re buying or selling, and you’ll find that having a bit of flexibility in your price range can make things go a lot smoother. For example, if you’re buying a home you may come across sellers that aren’t interested in negotiating or in entertaining bids that are more than a bit below their asking price. If you’re selling your home you’ll need to ensure that you avoid overpricing your home – which can drive off potential buyers – and underpricing your home which can cause you to lose money in the sale.
Rather than having a target price in your mind, try to determine a range that you’ll be happy buying or selling in. If you’re struggling with your selling price, let our team know and we can provide some additional guidance.
When Buying, You’ll Need to Watch the Market
As of this writing there are nearly 20,000 active property listings in the Triangle area, signaling that the local real estate market is very busy. New listings go up every day, and if you’re serious about buying you’ll need to keep on the market to ensure you find the right home, at the right time, at the right price. You can’t expect that the perfect home will just fall into your lap. Instead, be proactive and watch out for listings that will suit your needs.
An Investment in Upgrades or Renovations May Be Needed
Many sellers fail to realize that in most cases a home sale will move along much quicker if there is some time and money invested in improving the home prior to the sale. A fresh coat of paint, some new kitchen appliances, a modern look and feel for the bedrooms and other high-impact upgrades will impress buyers who are viewing the home. Don’t forget about your “curb appeal” – walk to the front of your home and take a look to see what kind of first impression your home is giving.
Questions? Contact Us and We’ll Be Happy to Help
Whether you’re buying a home in Raleigh, selling your current home or working on both transactions at the same time, you’ll find that the entire experience is far easier when working with a professional real estate agent who understands the local market and how to get results. Contact the team here at Raleigh Cary Realty at your convenience at (919) 439-0965 and we’ll show you how we can assist you with your real estate needs.
