| Scott Browder report for Myers Park neighborhood, Charlotte, NC Average Price Per Square Foot Rolling 12 Months |
Based on data available as of November 29, 2011
Posts Tagged ‘Real estate broker/agent’
30 Nov
Average Price Per Square Foot in Myers Park
4 Aug
Deal of the Week, Lake Wylie
This waterfront home is to be purchased AS IS. Construction was started and has to be completed by buyer. Floor plan and elevations available from listing agent and quotes to finish home. There is a dock in place and the home is located in a beautiful neighborhood. Great opportunity!
http://www.buyahousecharlotte.com/listings/view/residential/970913
4 Jul
What to Ask your Real Estate Agent Up Front
- Do you have other obligations that will hinder your availability when we can look at homes? If so, tell me those upfront, because when I am ready to see the inside of the house…I am ready now.
- How often should I expect to hear from you? I have a certain expectation in my mind about when I want to hear from you. Even if it’s just you checking in with me.
- How should we communicate? I’m a texter. Text me – it’s the best way to reach me, but if I need to reach you what should I use?
- Can you provide me a list of homes that meet my criteria a few days prior to us going out? I don’t want to waste my time or yours looking inside homes that I would not consider because of the street or neighboring houses. Give me a list of homes a few days prior to getting in your car and I will do drive by’s. If we do this together, I feel obligated to go in.
- What do you specialize in? If you specialize in farm houses and land, we may not be a good fit if I am looking for a suburban home in a live/work community.
- If I am unhappy with your service or don’t feel like our relationship is working out, what is the escalation process? I want to know if we aren’t jiving, can you handle me telling you that, or do I need to call your manager and then what should I expect after that.
- After we have written a contract on a home, what can I expect from you? I really want to know how things are going, so keep in touch with me is important even after the offer because I want to be assured things are going smoothly.
- If we run into a “bump” during the appraisal or inspection process, what is your role and what is mine? If I have made an offer on a home, I REALLY want it and I want it to work.
22 Feb
How Market Conditions Affect Your Offer Price
A hot market is a “seller’s market.” During a seller’s market, properties can sell within a few days of being listed and there are often multiple offers. Sometimes homes even sell above the asking price. Though most buyer’s want to get a “deal” on a home, reducing your offer by even a few thousand dollars could mean that someone else will get the home you desire.
A slow market is a “buyer’s market. During a buyer’s market properties may languish on the market for some time and offers may be few and far between. Prices may even decline temporarily. Such a market would allow you to be more flexible in offering a lower price for the home. Even if your offered price is too low, the seller is likely to make some sort of counter-offer and you can begin negotiations in earnest.
More often than not, the market is simply “steady,” or in transition. When a market is steady, no real rules apply on whether you should make an offer on the high end of your range or the low end. You could find yourself in a situation with multiple offers on your desired house, or where no one has made an offer in weeks.
Transition markets are more difficult to define. If the economy slows unexpectedly, as it did in the early nineties, people who buy on the high end of a seller’s market (like the late eighties) could find their home loses value for several years. So far, no one has proven reliable in predicting when markets change or how good or bad the real estate market will become.
31 Jan
Determining Your Offer Price
When you prepare an offer to purchase a home, you already know the seller’s asking price. But what price are you going to offer and how do you come up with that figure?
Determining your offer price is a three-step process. First, you look at recent sales of similar properties to come up with a price range. Then, you analyze additional data, such as the condition of the home, improvements made to the property, current market conditions, and the circumstances of the seller. This will help you settle on a price you think would be fair to pay for the home. Finally, depending on your negotiating style, you adjust your “fair” price and come up with what you want to put in your offer.
Comparable Sales
The first step in determining the price you are willing to offer is to look at the recent sales of similar homes. These are called “comparable sales.” Comparable sales are recent sales of homes that compare closely to the one you are looking to purchase. Specifically, you want to compare prices of homes that are similar in square footage, number of bedrooms and bathrooms, garage space, lot size, and type of construction.
If the home you are interested in is part of a tract of homes, then you will most likely find some exact model matches to compare against one another.
There are three main sources of information on comparable sales, all of which are easily accessed by a real estate agent. It is somewhat more difficult for the general public to access this data, and in some cases impossible. Two of the most obvious information sources are the public record and the Multiple Listing Service.
21 Jan
In depth interview with Anne Marie Howard, Charlotte Real Estate Market
Please click the link below to listen to Anne Marie Howard talk about the current Charlotte Market.
http://charlotte.news14.com/content/in_depth/635557/in-depth–anne-marie-howard
15 Oct
Charlotte, North Carolina Buyer’s Agent and Negotiations
When you sign a buyer agency agreement it is a legal contract between the buyers and the firm. When you have a good buyers agent you have a teammate of great value and ethics that is there to help you complete the following at no charge to you:
Any buyer’s agent is prohibited from making any comment about your financial situation to the selling party in the transaction. – Seller, selling agent.
Market knowledge is not something you learn overnight. Most sellers will not provide all the details that you as the buyer need to know. It takes experience to learn what information is important in the real estate market and the transaction process.
Negotiations are the part that can get ugly when a seller wants the best price, and the buyer wants to pay as little as possible. When you are the buyer’s agent, you have less impartiality. If you think about your first home, and the home that you raised your kids in, then you know that often times seller’s have an emotional connection to the home they are selling, as the buyer you don’t want to upset the seller with an unreasonable offer. The right agent can help you come up with a good starting point and see through the tough objections that come with negotiations. This is one of the most important aspects of the real estate transaction. I believe that face to face time with the other agent is also important when negotiating in order to establish a report.
Too many times people I have shown property to immediately think that this house is the one, they want to write the contract on the veranda of the home as quickly as possible. I usually will say ok but let’s just come back tomorrow and take one more look to make sure. When we come back 90% of the time the buyer becomes disinterested and doesn’t want to make that offer anymore. The right buyer’s agent will have a constant knowledge of inventory in the area to meet the buyer’s specific needs.
Whenever a new property comes on the market the buyers should always be updated of that new property. The buyer’s agent’s job is to show the buyers everything they asked to see.
If you are looking to buy a house check out www.scottbrowder.com and see if you can find something you like. I would love to represent you as the buyer’s agent in the search for your dream home. scott@scottbrowder.com
Scott Browder (Agentscott)
