Why Fall Is a Great Time to Sell



Contrary to popular belief, the fall is actually a great time to sell your home. You'll face less competition and have a more serious pool of buyers to work with when you go on the market.


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Today we wanted to talk about why fall is a great time to sell your Greensboro house.
Most people think spring and summer are the best times to sell your home, but there are a number of reasons why you can sell successfully in the fall. For one, there will be less competition in the fall market. The people who think you can only sell in the spring and summer might pull their listings off the market, or they may have expired.

Also, buyers at this point are more serious; they've been looking for homes all summer and they're ready to finish their home search before the holidays. You should also consider job transfers, which tend to start in January. People relocating for work want to have their home bought before the holidays, which is when they typically have vacation time to move and relocate.
Fall buyers are more serious buyers.
Homes in the fall sell more quickly, too. In addition to selling faster, homes actually sell for more money in the fall as well, commanding a 1% higher average price than they do in the spring and summer. It may seem small, but every penny counts!

You do have to be careful about how you list your home in the fall, however. It's a time when people are ready to pull the trigger, so you want to make sure you have a perfect price when you list. Price competitively so that your house doesn't sit on the market for long.

If you have any questions about listing in the fall, give us a call or send us an email anytime. We'd love to hear from you!

An Update on the Greensboro Market in 2016



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We’ve seen some great trends taking hold here in the Greensboro market, and we’re excited to talk to you about them. June 2016 continues a trend from the beginning of this year of increased home sales.

The 708 closed sales in Guilford County are 16.3% higher than what we saw in June 2015. This has brought our year to date total to 3,386 closed sales, which is 13.9% higher than 2015. We’re also seeing the trend of inventory decline continue. New listings are down 6.6% from this time last year.

With more houses selling and less coming on the market, our total active listing inventory has dropped. It currently sits at 2,970. That’s 21% lower than last June’s 3,761 listings.

Our inventory has dropped by 21%
Every market has micro markets, however. If you’re curious about selling and want a dedicated analysis of what's happening around you in your micro market, give us a call or send us an email. We look forward to hearing from you.

Strike While the Greensboro Market Is Hot



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Selling your Greensboro home? Get a FREE home value report


The Greensboro real estate market in the first quarter of 2016 is off to an unprecedented start. Closed units are up almost 15% from 1,200 last year to nearly 1,400 this year. The number of homes closing this year looks like it will continue into the second quarter with 14% more units going under contract.

We’re also seeing fewer homes come onto the market; with only 2,193 new listings, that figure is down more than 10% compared to 2015.

Right now, the market is swiftly changing from a buyer's market to a seller's market. Sellers are seeing more showings and more multiple offer situations than I have seen in all of my 18 years in real estate! This has also caused the sales-to-list ratio to rise to 93.1%. As a seller, you need to consider getting your house on the market ASAP, because the right houses in the right condition that are priced correctly are in high demand. Your chances of getting top dollar for your house are the best we have seen in years.


This type of demand is why forecasters are predicting a full 1% rise in mortgage interest rates. A 1% rise in interest rates is like a 10% jump in sales price from an affordability standpoint in monthly payments.

As a buyer in the Greensboro real estate market, be prepared for a multiple offer situation. Act fast when you see a house come on the market that meets your criteria; go to see it the minute it comes on the market! You may not have much time to think about it before making an offer.

A solid pre-approval from a lender is a must-have. Be ready to increase due diligence fees and earnest money deposits, and make sure your inspector can go quickly to keep due diligence days as short as possible.

If you have any questions, now is the time to ask! Feel free to reach out with an email or phone call and I’d be happy to work with you.