Wilmington Real Estate Podcast with Andy Richardson Andy Richardson

Here’s what you can expect from the Wilmington market in the months to come. How much would your Wilmington home sell for in today's market?    Want to buy a Wilmington Home? Search all homes for sale. Just like our clocks for daylight saving time, the Wilmington real estate market is expected to spring forward in the coming months.  Typically in the wintertime, we have a lull where there’s a lack of inventory and a lack of buyers. We expect an influx of sellers and buyers coming onto the market over the next couple of months. If you’ve been thinking about selling your home, now would be a great time to put it on the market. Interest rates are rising, but they’re still near historic lows, so with time, your purchasing power will be affected. Listing now will help you beat out other competition to the market. We expect an influx of sellers and buyers coming onto the market over the next couple of months. If you want to take advantage of the current market, feel free to reach out to us. We can give you an evaluation of what we think your house would sell for in today’s market, as well as some tips about how you can sell your home for top dollar. We look forward to hearing from you!

There are plenty of financing options available that allow you to put down less than 20% to buy a home. How much would your Wilmington home sell for in today's market?    Want to buy a Wilmington Home? Search all homes for sale. As a buyer, how much down payment money do you really need in our market? The majority of all buyers put down less than 10%. Many still believe they have to put down at least 20% or more, but that’s simply not the case. According to the National Association of Realtors, from October 2016 to November 2017, the average down payment amount for first-time homebuyers was just 6%. Also, 61% of first-time homebuyers put even less than 6% down. The majority of all buyers put down less than 10%.  Here in the Wilmington market, we have some really great homes that qualify for 100% financing, USDA financing, and other forms of low or no down payment financing. We also work with some really great lenders in the area who specialize in loan programs that require a low down payment or no down payment at all.  If you have any questions about what kind of down payment you can expect to pay in our market or you need help buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.

If it’s time for you to sell your home, why wait? There are some great opportunities on our market for sellers right now. How much would your Wilmington home sell for in today's market?    Want to buy a Wilmington Home? Search all homes for sale. If you’ve been thinking of selling in 2018, now may be the best time to get a jump on the competition. People often refer to the spring market as “the selling season,” and while it is true that there are more buyers in the spring market, there is also more competition. According to the laws of supply and demand, getting on the market before other sellers do could help you earn a higher price for your property. In other words, it’s a great time to put your home on the market. If you are thinking of selling and would like a free copy of our report “How to Sell Your Home for 18% More Money,” give me a call and I would be happy to send it out. I would also be happy to drop by and give you a free home evaluation of your property before you list. It’s a great time to put your home on the market. There are a few, inexpensive fixes I can recommend that might help add value to your home before you sell. Additionally, there may be some projects or updates you’re considering that might not be worth it. These are the kinds of things I can guide you through when you contact me. If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Don’t be fooled by common misconceptions; fall is a better time to sell your home than the spring. How much would your Wilmington home sell for in today's market?    Want to buy a Wilmington Home? Search all homes for sale. Many people believe that spring is a better time to put their home on the market. Today, I'm here to tell you why this isn't the case. The main reason to sell now rather than wait until spring is you’ll have more competition in the spring than you would in the fall. It’s true that there are typically more buyers out in the spring, but the thing about fall buyers is that they’re more serious and more motivated to buy your house. No one really wants to buy a house during the holidays, so the ones that are looking at houses now are going to be more motivated going into closing. That can also mean a faster sale and a higher price. Fall buyers are more motivated to buy your house. The other good thing about listing in the fall is that the grass is still pretty green, and we have beautiful autumn colors, so it’s a great time to take pictures of your home to highlight its positive qualities. If you wait until winter, you’ll find that everything is kind of dreary and brown—not a pretty backdrop for any photography. You’d then have to wait further into spring to list your house, when you could be missing a good portion of the spring market. If you’re going to take your pictures now and get your house ready for the market, you’re probably going to experience a better selling situation. If you have any questions about preparing your home for the fall market, feel free to give me a call or shoot me an email. I would be happy to help you!

Even when you are in a position of power as a seller, it is important to always be respectful of the buyer. After all, a buyer in the hand is worth two in the bush. How much would your Wilmington home sell for in today's market?    Want to buy a Wilmington Home? Search all homes for sale. We’ve all heard the saying that a bird in the hand is worth two in the bush. However, this saying is also true when it comes to buyers. In today’s competitive real estate market, there are more buyers than there are homes. As a result, sellers today tend to believe that they are in a position of power. While this is true in terms of negotiation, there are still things to be careful of. For example, you don’t want to scare off any buyers that are interested in a home. In any real estate transaction, a lot of things can go wrong. Whether it is an issue with repairs, interest rates, or the appraisal, there are a lot of variables that go into the process. You should always avoid being disrespectful to interested buyers. Never assume that another buyer will come along. Always treat others the way you want to be treated. While this may be the case, you still want to get your house off the market as soon as possible. Even if another buyer does come along, they will be deterred from your property if they see that a deal has fallen through in the past. It is important, therefore, that you do everything you can to work with an interested buyer when one comes along.   The golden rule applies in real estate as much as it does in life. Always treat others the way you want to be treated. If you have any questions about working with interested buyers or any other real estate topics, feel free to reach out to me. I'd be happy to help.