How Home Warranties Help Greensboro Buyers

Looking to buy a Greensboro home? Search all homes for sale 
Selling your Greensboro home? Get a FREE home value report

In today's video, we sat down with Robbie Rivardo from 2-10 Home Buyers Warranty to discuss why a buyer should consider getting a home warranty.

For instance, let's say you have a home warranty with Robbie's company. If there's a failure in the home, you simply call the number, they send someone out, and if it's eligible for repair, they make the repair or the replacement. There's no negotiating; they simply take care of it. It's that easy.

Typically when you buy a home, the seller will offer a home warranty. If the seller does not, then there is still an option to get a home warranty in the offer to purchase. Home warranties provide peace of mind and reduce the risks for everyone involved.

When buying a home, it's not so much a question of whether something will break; the real question is when will something break. With this protection, you the buyer will save money on future repairs.

To learn more about Robbie's company, go to http://www.2-10.com. If you have any questions on today's topic, or real estate in general, please give me a call or send me an email. We'd be happy to hear from you!

Are Conditions Improving in Greensboro?

Looking to buy a Greensboro home? Search all homes for sale 
Selling your Greensboro home? Get a FREE home value report 

Hey everyone, today we are excited to discuss the current market conditions here in Greensboro. At the end of April, we sat down and took a look at the numbers, and compared them to the figures we saw at the end of April in 2014. Here is what we saw:

• There are about 1,800 homes currently on the market for sale, which is significantly down from last year.
• There were more closings than a year ago, with 216.
• Inventory is down to 5.3 months, and dropping.
• Interest rates are still near all-time lows below 4%.

Overall, we are seeing a great seller's market here in Greensboro. This means homes will be harder to find for buyers. However, those low interest rates will make any home you purchase more affordable in the long run.

If you are thinking of buying or selling a home in Greensboro, give us a call or send us an email. We look forward to speaking with you!

What's the Secret to Surviving Multiple Offer Situations in Greensboro?

Looking to buy a Greensboro home? Search all homes for sale
Selling your Greensboro home? Get a FREE home value report 

As the Greensboro market continues to heat up, multiple offers have become more common. Today, we want to discuss how this topic affects both buyers and sellers.

As a buyer, it's important to understand that cash isn't always king. You need to make sure your agent asks the seller or the seller's agent what terms or conditions could help sway the seller in the direction of your offer! 

Writing a personal letter and sending a picture of your family may get the seller to emotionally connect with your offer. 

Additionally, having a pre-approval letter included with your offer will let the seller know you're a serious buyer. Remember, a pre-approval is not the same as a pre-qualification; a pre-approval is what you get when you turn in all of the documentation a lender needs to approve the loan, while a pre-qualification is the initial phone call to a lender. 

What can you do as a seller to prepare for multiple offers? We recommend getting your home pre-appraised and pre-inspected to give you more time to deal with your home's potential defects and find a third-party to support your price. The buyer will be more confident and you as a seller will have more realistic expectations for the deal. 

As a seller, you have to walk a fine line between accepting an offer too fast and waiting too long. Most often, our team sets a deadline for all parties to submit their offers and tells them to make it their highest and best. When selling, understand that the best offer isn't always the one that offers the most money. There are other terms that could be very important to you: closing date, type of financing, due diligence period, and the amount of deposits, among others. Does taking the offer with the most money cause more stress? If the answer is yes, you may want to look at another offer!

If you have any questions about this topic, or if you need real estate assistance of any kind, give us a call or shoot us a quick email. We're always available to make your life in real estate as smooth and stress-free as possible!