Posts

5 Reasons NOW is the Time to Sell

If you’ve been thinking about selling your Charlotte home, now is the time. Inventory is hitting record-lows which means buyers are clamoring for the perfect house. Spring/summer 2013 is set to be a perfect storm for sellers: there isn’t a deluge of inventory but there are more willing buyers than there have been in years.

If you’re considering selling your house, contact Leigh Bryant at On the Move Charlotte to talk specifics today. Leigh is a listing specialist which means she’s well-versed on market prices, available inventory, and knowing how to move your Charlotte home.

1. Inventory is lower than it’s been in years.

Take a look at this graph. The bottom line represents the month of April in any given year while the left-hand side essentially lists the ratio of houses that are “left over” on the market after all the sales are tallied each month. In April 2011 the ratio was about 11 houses…in April 2013 that ratio is closer to 6.7.

Monthly Inventory Graph

2. More people can afford homes.

The Housing Affordability Index is the number brokers around the state use to compare the average price of homes in the region with the buying power of those looking to purchase. The higher the number, the more “affordability” the market has, which is a good thing for sellers looking for a wide market.

Housing Affordability

3. Sellers are getting more for their house.

In the last few months, sellers have been getting relatively more for their homes than this time last year. On average, sellers are now receiving around 93% of list price…in 2011 that number was closer to 90%. When talking about hundreds of thousands of dollars, 3% can make a substantial difference to a seller.

Percentage Received

4. The average list price is on the rise.

On average, homes are being listed for almost 10% more this April than they were at the same time in 2011. That’s a huge difference, and one that can tip the scales towards time to sell. But beware: housing prices won’t keep skyrocketing forever, and all signs point to now being the time to sell to maximize profit while minimizing time on the market.

average list price

5. Leigh Bryant is ready to sell your home.

Leigh knows the Charlotte market like the back of her hand and she’s telling all her potential sellers that now’s the time to strike. If you’ve been thinking about putting your Charlotte home on the market, call Leigh at 704.516.3318 today to talk about your options. Leigh is part of the On the Move Charlotte team at Keller Williams South Park and would love the opportunity to help you sell your home!

Leigh Bryant, Realtor®

 

Onthemove_logo

 

Contact On the Move Charlotte today for more information about the conditions in your neighborhood or to speak with a licensed broker.

Featured Charlotte Neighborhood – Chantilly

Chantilly is one of Charlotte’s fastest-growing neighborhoods. 

Affectionately known as “little Elizabeth,” Chantilly has a flavor all its own. Located between Plaza Midwood and the Elizabeth neighborhoods in Midtown Charlotte, Chantilly was originally developed in the 1940s. Now its streets are lined with mature trees and beautifully restored craftsman-style homes, bustling with families and young professionals.

Many of Chantilly’s homes are in the craftsman style, some of which have been lovingly restored to their former glory. There’s also a lot of new construction in Chantilly but the neighborhood is growing gracefully – even the newest homes fit the streets’ aesthetics. Bordered by Independence Boulevard and Briar Creek, Chantilly is incredibly convenient to Uptown Charlotte as well as entrances to I-77 and I-277.

A few of the best features of Charlotte’s Chantilly neighborhood include…

Chantilly Park:

Chantilly Park is easily accessed by foot from most parts of the neighborhood. It’s 7 full acres of green space and includes a volleyball court, multi-purpose field, and even a playground. On weekends, the park teems with activity and the entire neighborhood is very dog friendly.

Independence Park:

Independence Park is one of the best parks in the city. Home to numerous festivals throughout the year (including Petpalooza!), the park has over 19 acres of picnic areas, playgrounds, and soccer fields. It’s an easy walk from Chantilly and there are plenty of dining options nearby, too.

Proximity to Shopping:

Chantilly Shopping Center has many retail offerings and 7th Avenue is an easy walk from most parts of Chantilly. Seventh is the beginning of the Elizabeth district and hosts tons of shops, convenience stores, and salons.

Dining Options:

Between Elizabeth and Independence, dining options abound just outside the residential streets of Chantilly. Kennedy’s Irish Pub, Crisp, Starbucks, and even fine dining at The Fig Tree are all within striking distance. Independence has dozens of fantastic ethnic restaurants, fast food options, and even a farmer’s stand.

Community:

The quiet, tree-lined streets of Chantilly are the perfect setting to raise a family. There’s a flourishing neighborhood association and the neighborhood’s on its way to commissioning signs to mark its borders. Chantilly is also close to several houses of worship as well as Novant Health (formerly Presbyterian Hospital.)

Charming Homes:

The average home for sale in Chantilly is listed around $350,000 and home values continue to rise. As development resumes in and around the neighborhood, homes in Chantilly aren’t staying on the market for long, particularly the pristine crafstmans that populate the neighborhood. Many of the homes in Chantilly must stick to historical guidelines when being redone, so homes here retain a lot of character.

 

On the Move Charlotte is your Chantilly real estate team.
If you’d like to know more about the homes for sale in one of Charlotte’s most desirable communities, call the On the Move Charlotte team at 704-516-3318 today.

Explore all the homes for sale in Chantilly here.

6 Things You Must Do Before Listing Your Home

Spring is upon us! It’s one of the best times of the year to put your house on the market and many areas (including Charlotte) are posting their best numbers in years. If you’ve been considering selling your home, there are a few things you must do to appeal to buyers even in the best of markets, most of which are quick and relatively inexpensive.

Here are six tips from the On the Move Charlotte team to help get your house sold!

 

6. Get an Inspection Before Going to Market.

Traditionally, a home inspection is only ordered once an offer is on the table. Smart sellers are now getting their own inspections before ever even listing their home – it’s a great way to identify issues that could sink a sale once a contract’s been drawn up. A couple hundred dollars spent on a quality inspection now could save you months of lost time if problems are identified down the road.

5. Staging, Staging, Staging.

It’s impossible to underestimate the effect of proper staging! Home buyers find it notoriously difficult to imagine what a home will look like filled with furniture, and staging’s a great way to transform ambiguous parts of your home into purposeful spaces buyers can appreciate. Nothing confuses buyers more than an empty shell of a home, particularly when compared to a warm, homey, lived-in house.

4. Know Your Market Well.

Of course, your real estate agent will have a thorough understand of your neighborhood and comparables in the area but as a seller it’s important to check out the “competition.” Walk your neighborhood with buyers’ eyes and try to look at your home objectively. Check out online listings of homes within a few miles and see how they’re presented. Even consider asking your broker to take you through a few comps to check out the way they show relative to your home.

3. Clear Out, Clean Up, and Freshen Your House.

You don’t have to undergo a complete kitchen renovation to get your home sold. Consider which aspects of your home are the most glaringly negative and tackle those first. Does your bedroom look totally outdated? Change out the curtains and bedspread. Carpet look worn and dirty? Bring in a steam cleaner. A few hundred bucks goes a long way when preparing your house for market. And don’t forget to ‘de-clutter’ your house before showing it: remove family pictures, clear off countertops and shelves, and of course, keep the house clean at all times in case of an impromptu showing!

2. Pay Attention to Curb Appeal.

The fastest selling houses are always attractive from the moment a buyer pulls up. Spring is a great time to plant a few colorful flower beds or bring in a lawn care pro to spruce up the grass. Keep the yard clear of debris like pinecones and branches to make it look maintenance-free. It may be expensive but is often worth it to consider having your home repainted for a fresh, clean look.

1. Listen to Your Broker.

Sometimes sellers have a hard time hearing constructive criticism regarding their home. Remember, your broker has your best interests at heart and they want to sell your home for you as much as you want it sold! If your broker is telling you something needs to change – be it your price, your dining room table, or the litter box – listen carefully. Experienced brokers know what buyers in your area are looking for and are typically the best source of information you can hope to have.

Picture of Leigh Bryant, Realtor - Keller Williams Realty

Thinking about listing your home? Call Leigh Bryant today at 704.513.3318 to find out more about your particular neighborhood and discuss your options as a seller. There’s no better time to sell than Spring!