Selling

What Does Contingent Mean in Real Estate?

When searching for a home for sale, you may have encountered a variety of different sales statuses online. Beyond just “for sale” and “closed,” you may have also seen other common sales statuses such as “pending” or “contingent.” These phrases indicate where in the sales process the home is in. Understanding the differences between these statuses can help you identify properties that may still be available for purchase, and will help you better understand how to move forward if you’re interested in putting in an offer on any of them.

A contingency clause doesn't necessarily mean all hope is lost for prospective buyers. Different states have different laws as it surrounds contingencies so you'll

Making the commitment to move cross country can be a daunting task. There are several details that are often overlooked until it is too late, and it can be challenging to organize everything before the big day. When you do arrive in Raleigh or Charlotte, however, the stress behind moving will quickly be forgotten. I’m sure you already know that there are countless benefits to living here including the plentiful jobs, beautiful weather, great barbecue, exciting breweries, and lush parks. I’ve compiled 17 helpful tips and tricks below that should come in handy before you begin the process of packing up your belongings and making the cross country trip. 

1. Should I hire a company to ship my car cross country? 

Although this may seem to be an expensive

With the rise of student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials to be financially insecure and averse to home ownership. However, research surprisingly points in the opposite direction. According to a 2018 Bank of America survey, the vast majority of millennials, more than 72%, consider homeownership to be their top priority. The only live event that ranked higher was retirement, at 80%. Getting married and having children fell lower on the list, at 50% and 44% respectively. To the millennial generation, owning a home is not only a wise investment option – it is a fundamental value intrinsic to the American Dream.

I’m a real estate agent. What should I know about working with

One of the first questions new Realtors have for me is always 'how much money will I make in my first year?' and in order to answer that question, you need to understand how Real Estate Agents make money. How much commissions you make in your first year as a Realtor will be entirely dependent on you and how much business you're able to generate. Your gross income is different than your net income, so make sure you're tracking your expenses. The advice below is from 17 Veteran industry leaders who offer tips on how to build your business when you're starting out.

If you're looking to make 100k in your first year as a Realtor you'll want to first reverse engineer the process. What is the average price of sold homes in your area? How many homes

Selling my House in 2019

Predicting the future of the U.S. economy is tricky, if not impossible – particularly when it applies to the housing market. Before we get into the details, I will preface this post by saying this: if you are fully prepared to sell in 2019, I advise moving forward with the sales process prior to 2020. Why? Economists and real estate experts agree that the U.S. economy will most-likely encounter a recession in 2020, or maybe even as early as the end of 2019. Interest rates are also expected to rise. Some experts argue the crash will not come until 2024-2026, you don't want to be caught on the wrong side of a recession so don't get greedy if you're ready!

Fortunately, in my markets located in both Raleigh and Charlotte, NC

11 Qualities of a Great Neighbor

Jump to our infographic below!

Being a Realtor in Raleigh, North Carolina, I am constantly hearing from both buyers and sellers about the behaviors of their neighbor's, good or bad.

Whether you live in a city apartment or a house in the country, there are many ways to be a great neighbor. Even small, simple gestures can go a long way. Below, I have laid out some strategies I find most helpful when implementing best neighborly practices.

1. Respect Boundaries

Respecting neighborhood boundaries is quite possibly one of the most important practices to implement. Even doing a seemingly good deed, such as mowing part of your neighbor’s lawn that is closest to your home’s boundary line, is not an acceptable

Real Estate Statistics for Home Buyers and Sellers

Home Buyer Statistics

First-Time Home Buyers made up 34% of all home purchases, with a median age of 32 years old and a median household income of $75,000.

Repeat Home Buyers made up 66% of all home purchases, with a median age of 54 years old and a median household income of $97,000.

The typical home purchased was 1,870 square feet in size and was built in 1991 with an average of three bedrooms and two bathrooms.

Among those who financed a home, the average was a total of 90% of the home's value.

87% of buyers purchased a home through a Real Estate Agent a percentage that has steadily increased from 60% in 2001.

89% of buyers who purchased a home would use their Real Estate

Each year Forbes puts together a list of America's fastest growing cities with a bunch of great data that helps consumers gain a better economic outlook on each city. We populated that data into the above infographic to give you a clearer picture of just how fast each city in America is growing here in 2018!

1. Boise City, Idaho

Boise City metropolitan statistical area growth:

Population growth 3.08% - Projected population growth 2.34%

Job growth 3.58% - Projected job growth 2.61%

Gross metro product growth 3.87% - Projected gross metro growth 5.12%

Wage growth 5.70% - Projected wage growth 7.27%

Home price growth 11.58% - Home price projected growth 4.38%

2. Seattle-Bellevue-Everett, Washington

Seattle-Bellevue-Everett

Home Appreciation in Raleigh, North Carolina Area

This data compares home appreciation from the timeframe of July 2012-2013 to the timeframe of July 2017-2018

Raleigh

In Raleigh, homes have appreciated by 32% over the last 5 years. The average sales price between July 2012-2013 was $243,489 and five years later (July 2017-2018) it's $321,715. This represents a total appreciation of $78,226 for homeowners in Raleigh over the last five years.

The average days on market in Raleigh has decreased from 88 to 35. This is a significant decrease and only shows just how much buyer demand has increased locally.

Cary

Cary is largely a similar story to Raleigh in the fact that homes have appreciated by 26% over the last five years. While this

Common Questions Regarding How Much Commissions Real Estate Agents Make:

• How Much Do Real Estate Agents Make on Average a year?
• How Much Do Real Estate Agents Make Their First Year?
• Do Real Estate Agents Make Money By The Hour?
• How Much Do Real Estate Agents Make Per House?
• How Do Real Estate Agents Get Paid? 
• What Expenses do Real Estate Agents Have?

How Much Do Real Estate Agents Make on Average?

$38,067 is the average commissions' Realtors make each year.

One of the first questions people have before beginning a career as a Real Estate Agent is "How Much Money Does the Average Real Estate Agent Make?" The above infographic tells you exactly how much Realtors make as well as how those commissions are made. Many