Sum, Sum, Sum, Sum, Sum, Sum, Summertime
And the song lyrics bring us to another summer in the North Carolina. Long stretches of blue skies, 90 degree weather and thunderstorms nightly, remind us that summer is here, at least for the next few months. Perhaps your thoughts are more about that upcoming beach vacation and not about selling or purchasing a home. Well, stop daydreaming about the sand and waves. You will be sitting on that beach at the Outer Banks or Myrtle Beach, sipping a sweet tea soon enough. But, selling your home in the summer? The prime selling season has just passed, right? Well, not so this year. The local Greensboro and surrounding Guilford County market is still hot. Very hot! Several factors contribute to this. Because there was a shortage of resale homes in the area (and across the country) this spring, folks like you are still looking to buy. Add to that falling interest rates, now just under 4%, and you have a busy market. We are still seeing homes sell the day they are listed or within a few days of listing. Bidding wars are still the norm in certain areas of Greensboro, Jamestown, Summerfield and parts of the county. Of course not every home listed for sale will be so quick to sell. The "sweet spot" is still $100K to $300K. Location, as always plays a major role as well. To a lesser degree, condition also plays a role. When it was a "buyer's market", home buyers were pickier about condition, wanting all the bells and whistles. Move-in ready was the key phrase, we Realtors heard from our buyers. Now, getting the right home, at the right price is key. Buyers are willing to put in a little elbow grease and money toward updates. If you have been thinking of listing your home for sale, it's still a perfect time. If you want to purchase a home now, you need the assistance of an experienced real estate agent, more than ever. There are so many factors involved in purchasing and we are experienced in all of them. Those websites you search are fun and can be exciting when searching for a home, but they are not always accurate or up to date. Many of us work in offices with other agents, who may be about to list a home and we also have up to the minute (literally) information on new listings. Right now, it is critical to get out with your agent and see the homes as soon as they hit the market. So, enjoy your summer and let your agent do the legwork for you.
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