Top Rated Discount Real Estate Agents in North Carolina Listing Commission as Low as 1%
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The North Carolina real estate market is currently hot, with home prices continuing to rise and inventory remaining low. According to the North Carolina Association of Realtors, the median home sale price in North Carolina this year was $340,300 , up 3.1% from the same time last year. The average time a home spent on the market was just 22 days, down from 29 days a year ago.
There are a number of factors driving the strong housing market in North Carolina, including a strong economy, low unemployment, and a growing population. The state is also a desirable place to live, with a variety of climates, job opportunities, and cultural attractions.
Here are some of the key real estate trends in North Carolina:
- Home prices are rising. The median home sale price in North Carolina has increased by nearly 20% in the past two years.
- Inventory is low. The number of homes for sale in North Carolina is down significantly from a year ago. This is creating a competitive market for buyers, who may need to act quickly and offer above asking price to secure a home.
- Interest rates are rising. The Federal Reserve is raising interest rates in an effort to combat inflation. This is making it more expensive to borrow money to buy a home. However, mortgage rates are still relatively low by historical standards.
- The market is expected to remain strong in the coming months. Despite rising interest rates, the North Carolina housing market is expected to remain strong in the coming months. This is due to the state’s strong economy, low unemployment, and growing population.
It is important to remember that market conditions can change quickly and can vary within the state:
- Charlotte: The Charlotte housing market is one of the most competitive in the country, with low inventory and high demand. Home prices are rising rapidly, and buyers may need to act quickly and offer above asking price to secure a home.
- Raleigh: The Raleigh housing market is also very competitive, with low inventory and high demand. Home prices are rising faster than in many other parts of the country.
- Greensboro: The Greensboro housing market is more affordable than Charlotte or Raleigh, but home prices are still rising. Inventory is also low, so buyers may need to act quickly.
- Durham: The Durham housing market is similar to the Greensboro housing market, with more affordable home prices and low inventory.
- Fayetteville: The Fayetteville housing market is more affordable than some of the other large cities in North Carolina, but home prices are still rising. Inventory is also low.
- Winston-Salem: The Winston-Salem housing market is similar to the Fayetteville housing market, with more affordable home prices and low inventory.
- Cary: The Cary housing market is one of the most expensive in North Carolina, with home prices rising rapidly. Inventory is also low.
- Wilmington: The Wilmington housing market is popular with retirees and second-home buyers. Home prices are rising, but they are still more affordable than in some of the other large cities in North Carolina. Inventory is also low.
- Asheville: The Asheville housing market is another popular destination for retirees and second-home buyers. Home prices are rising rapidly, and inventory is low.
- Concord: The Concord housing market is more affordable than some of the other large cities in North Carolina, but home prices are still rising. Inventory is also low.
Overall, the real estate market in North Carolina and its 10 largest cities is very competitive, with low inventory and high demand. Home prices are rising rapidly, and buyers may need to act quickly and offer above asking price to secure a home.
North Carolina is a great place to live for a variety of reasons. It has a diverse landscape, a strong economy, and a low cost of living. The state is also home to a number of top-ranked universities and colleges.
Here are some of the reasons why North Carolina is a great place to live:
- Diverse landscape
North Carolina has a diverse landscape, from the mountains in the west to the beaches on the coast. The state is also home to a number of lakes, rivers, and forests. This diversity of landscapes makes North Carolina a great place to live for people of all interests.
- Strong economy
North Carolina has a strong economy, with a low unemployment rate and a growing number of jobs. The state is home to a number of Fortune 500 companies, as well as a growing startup scene.
- Low cost of living
North Carolina has a relatively low cost of living compared to other states. This makes it a great place to live for people on all budgets.
- Top-ranked universities and colleges
North Carolina is home to a number of top-ranked universities and colleges, including Duke University, the University of North Carolina at Chapel Hill, and North Carolina State University. This makes it a great place to live for families with students.
- Other amenities
North Carolina offers a variety of other amenities, including a strong arts and culture scene, a variety of sports teams, and a number of outdoor activities.
Advice for home buyers in North Carolina
If you are considering buying a home in North Carolina, here are some tips:
- Get pre-approved for a mortgage. This will give you an idea of how much you can afford to spend on a home.
- Work with a qualified real estate agent. A good real estate agent can help you find the right home for your needs and budget.
- Be prepared to act quickly. The North Carolina housing market is very competitive, so you may need to act quickly to get the home you want.
- Be prepared to offer above asking price. In many cases, buyers in North Carolina need to offer above asking price to secure the home they want.
- Do your research. Before you start looking at homes, it is important to do your research on the different neighborhoods and areas in North Carolina. This will help you find the right place to live for your needs and budget.
- Consider your lifestyle. When you are choosing a home, it is important to consider your lifestyle. Think about what is important to you, such as proximity to work, schools, and shopping.
- Don’t be afraid to negotiate. Once you have found a home that you love, don’t be afraid to negotiate on the price. The seller may be willing to negotiate on the price, especially if you are offering above asking price.
- Get everything in writing. Once you have reached an agreement with the seller, it is important to get everything in writing. This will protect you in case there are any problems with the sale.
- Be aware of the North Carolina Home Buyer’s Bill of Rights. This law provides certain protections for home buyers in North Carolina.
- Be aware of the North Carolina Property Disclosure Statement. This law requires sellers to disclose certain information about their property to buyers.
- Get a home inspection. Once you have found a home that you want to buy, it is important to get a home inspection. This will identify any potential problems with the home.
- Be prepared for closing costs. Closing costs are fees that you will need to pay when you buy a home. These costs can vary, but they typically range from 2% to 5% of the purchase price of the home.
Advice for home sellers in North Carolina
If you are considering selling your home in North Carolina, here are some tips:
- Price your home competitively. The North Carolina housing market is very competitive, so it is important to price your home competitively. You can do this by looking at the prices of similar homes that have recently sold in your area.
- Make your home show well. One of the best things you can do to sell your home quickly is to make it show well. This includes making any necessary repairs and decluttering your home. You may also want to consider staging your home.
- Work with a qualified real estate agent. A good real estate agent can help you market your home and get a great price. They can also help you negotiate with buyers.
- Be prepared to negotiate. Once you receive an offer on your home, be prepared to negotiate. The buyer may be willing to negotiate on the price, as well as other terms of the sale.
- Be prepared for closing costs. Closing costs are fees that you will need to pay when you sell your home. These costs can vary, but they typically range from 1% to 3% of the sale price of the home.
- Be aware of the North Carolina Home Buyer’s Bill of Rights. This law provides certain protections for home buyers in North Carolina.
- Be aware of the North Carolina Property Disclosure Statement. This law requires sellers to disclose certain information about their property to buyers.
- Get everything in writing. Once you have reached an agreement with the buyer or seller, it is important to get everything in writing. This will protect you in case there are any problems with the sale or purchase of the home.
Conclusion
Buying or selling a home is a big decision. By following the tips above, you can make the process as smooth and stress-free as possible. If you are considering buying or selling a home in North Carolina, using a top-rated discount low commission real estate agent like White Stag Realty can save money and get the same services that you would from a high price real estate agent.
Why Use a Top-Rated Discount Real Estate Agency Like White Stag?
There are a number of advantages to using a top-rated discount low commission real estate agent like White Stag Realty:
- Save money. Discount low commission real estate agents charge a lower commission than traditional real estate agents. This can save you thousands of dollars on the sale of your home.
- Get the same services. Discount low commission real estate agents typically offer the same services as traditional real estate agents, including marketing your home, negotiating on your behalf, and helping you close the deal.
- Work with a top-rated agent. White Stag Realty is a top-rated discount low commission real estate agent. This means that you can be confident that you are working with a qualified and experienced agent.
For homeowners looking to sell, we offer discounted listing agent commission rates – as low as 1%! This means a homeowner can save THOUSANDS of dollars selling their home, retaining more of the equity from the property. In addition to our competitive rates, we provide full brokerage services for every transaction that match (and often exceed) the level of service provided by our competitors.
For clients looking to buy a home, White Stag agents find properties that meet specific search criteria, schedule and coordinate all showings, negotiate offers, request repairs noted from inspections, and get our clients to the closing table for their new home.
What makes White Stag Realty truly unique is that our agents are full-service realtors who represent our clients at a fraction of the cost of many of our competitors.
Many of our clients ask how we can provide full service real estate agents at such competitive rates. While commission rates are always negotiable, it is common for listing agents to charge a commission between 3 to 4%. These high commission rates were justified several decades ago. Buying or selling a home prior to the widespread usage of digital technology was indeed a slow process. For example, if a potential buyer wanted to see pictures of a home, the buyer’s agent had to coordinate with the seller’s agent to obtain physical photographs of the home from the seller’s agent, and then meet with the client in person merely to show the client actual pictures of the property. Similarly, if a client wanted to see a home in person, the buyer’s agent had to schedule the showing by phone, drive to the seller’s agent, get a key for the home from the seller’s agent, drive to the home, conduct the showing, and then drive back to the seller’s agent to return the key. Advances in technology, that we now take for granted, have significantly streamlined the process of buying or selling a home. These technological advances include automated syndication of MLS listings to other real estate websites including Trulia and Zillow, bluetooth-enabled sentrilock lockboxes, and digital scheduling of showings. The process for buying or selling a home has become streamlined over the past few decades through the use of technology. Unfortunately, the monetary savings realtors have experienced have not been passed on to the public. The high commission rates seen in today’s market take advantage of trusting consumers. White Stag Realty was created to pass these savings on to our clients.
Whether you plan on acting in the near future, or are just looking ahead, if you have any questions, please do not hesitate to call. We look forward to hearing from you.