Danielle Edwards

RE/MAX Executive

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How to buy a home in a seller’s market without contingencies.

June 9, 2021 by Danielle Edwards

Charlotte Realtor®

Seller’s Market – how to sell your home when you have no place to go.

How to buy a home in a seller’s market without contingencies.

Who would have thought we would ever be here? Yet! Here we are.

Most all homeowner I speak to want to sell their home, but where do they go? It is worth moving to be in a bidding war and then pay top dollar? There are many variables for every homeowner and the options are overwhelming.

Once you check on the traditional ways to make this happen-

  • Check with your bank for programs
  • Check with your financial advisor for options
  • 401k loan with limited penality
  • Home equity line

If not of those seem appealing then I can now present you with two new options to hit the market.   Welcome the middle man to the Real Estate space, and this is one I don’t mind welcoming.

RIBBON or KNOCK.

They both provide you interesting options worth checking into.  Shall I dive in?

RIBBON

They are the cash buyer to purchase your new home.  You will have to qualify with a pre approval from your trusted lender and verified the home you are buying and selling meets the qualifications of their program.

The fee is 2% fee  and Ribbon will buy your new home cash and if you are able to secure financing on the close date Ribbon will reduce the fee to 1%.

Then you will pay them a prorated upon rent  until your home sells.

This does add additional fees, but for someone who doesn’t want to move twice or make sure they get the house they want, the fees might be worth it.

As a certified Ribbon agent I would first run the home you are purchasing into the system and see if it qualified.  The best part about using Ribbon is that it comes with an appraisal guarantee.  So, if you are buying a home listed at $349,000 and their analyst say they will offer $359,000, it means you don’t have to worry about appraisal… they are cash buyers.

Then when you buy the home from them either at closing, because your home ended up selling in time or later, that will now be a comparable property to help you secure financing with your lender.

 

Let’s talk about KNOCK.

Knock has changed their business model as one that now works side by side with Realtors to help homeowners swap their houses.

Knock offers a unique service to homeowners who are buying their next home. Its Home Swap program allows you to get approved for a mortgage before your old home sells — which most lenders won’t do, due to limits on borrowers’ debt-to-income ratios. Knock can do this because it offers homeowners a backup offer.

Similar to Ribbon they offer you a program to rent the home from them, and if you can’t complete the purchase in 6- month they will buy your old house from you at a pre negotiated amount.

The difference is you have to use KNOCK as your lender. 

What does Knock cost?

For the Home Swap,they charge a 1.25% convenience fee on the purchase of your new home. This is similar to an origination fee, which many lenders charge.

This chart here shows you a side by side comparison.

Knock will also give you an upfront advance of $25,000 to make any home improvements that will be repaid at closing when your home sells.

They are both similar, but different.

Ribbon you can use your preferred lender.

Knock you use their lender but the fees are less.

Both have a rental fee you pay to them on your old home until the closing occurs and you complete the home swap.

 

HOW IS THIS DIFFERENT THAN A BRIDGE LOAN?

With a bridge loan, a customer would still have to qualify for two mortgages at once. Bridge loans also have high interest rates, don’t assist with home repairs, and they don’t provide the certainty that comes with the Home Swap.

With the Home Swap, the equity advance is interest free for six months, clients don’t have to qualify for two mortgages – they’ll only be paying the new mortgage while the equity advance covers the old mortgage, and it covers repairs to the old home so the client can put their home on the market to sell for top dollar!

As a Ribbon and Knock certified agent I can walk you through both of these options if traditional creativity is not in the cards.

 

Check out my Youtube Channel for information on Charlotte real estate and living in Charlotte, NC. 

 

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

 

 

 

 

 

 

Filed Under: Charlotte News and Information, Charlotte Real Estate News Tagged With: cash buyer, charlotte real estate, how to buy a home in 2021, how to sell your home when you have to buy, knock, knock agent charlotte, knock Realtor® charlotte, ribbon, ribbon Realtor® charlotte, ribbon remax agent charlotte, sellers market, what is knock, what is ribbon

Living in Charlotte Driving Video Tour

May 1, 2021 by Danielle Edwards

Living in Charlotte Driving Video Tour

What is it like to live in Charlotte, North Carolina

Danielle Edwards – Charlotte Realtor®

Thinking of moving to Charlotte, NC? Getting a sense of what it is like is normally your first thing to do.  Join me for a series of videos with driving tours and Real Houses of Charlotte!

Want more?
Here is a video explaining the MAP of CHARLOTTE


Here are some driving tours of some of our largest communities in South Charlotte!

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte News and Information Tagged With: charlotte life, Charlotte NC, charlotte nc videos, charlotte videos, danielle edwards, driving tours of charlotte, living in charlotte, living in clt, remax agent, remax charlotte, remax executive, south charlotte, video tour charlotte, videos of charlotte

WAVERLY – CHARLOTTE NC

April 9, 2021 by Danielle Edwards

WAVERLY – CHARLOTTE – NC

South Charlotte’s newest hotspot

From Living in Waverly to Entertainment

Welcome to Waverly. South Charlotte’s newest place to be. Situated perfectly at
485 and Providence Road this sprawling area covers everything you need. You could literally ditch your car and live here and be content…almost.

The suburbs of Charlotte keep getting better. Making it even harder to ever want to leave your suburbia bubble. Waverly delivers everything from grocery, car repair, wine bars, hotel, office space, townhomes, single family homes, hospital, Lifetime Fitness, splash pad, ice cream… you name it!

Check out my video on WAVERLY let me know what you think!

Featuring Pulte Homes – Castleford Reserve

This area has boomed! The new construction sales are through the roof with lottery lists to get it. I have the inside scoop so if I can assist you let me know.

Here is a video I did on David Weekly Townhomes

Townhome Waverly

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte News and Information Tagged With: best places to live in charlotte, Charlotte NC, Charlotte realtor, do I need an Realtor® for new construction, living in charlotte, living in waverly, Realtor® in charlotte, remax agent, remax charlotte, things to do in waverly, waverly, waverly charlotte

What can $400,000 buy you in Charlotte , NC?

April 1, 2021 by Danielle Edwards

What can $400,000 buy you in Charlotte, NC

Welcome to Charlotte, NC. One of the fastest growing cities in the South. The climate in Charlotte, international airport, technology hub and banking center make this a city that people want to move to and companies want to be apart of.

When I first moved to Charlotte in 2006 $400,000 could go a long way. That is not so much the case. The building supply has not kept up with the speed in which people are moving to Charlotte. It is estimated an average of 157 people a day move to the Queen City .

Here is a video I did showing listings on the market in this price point. This video will also give you an idea on the areas where you can find homes in this price point and how the type of home may differ.

What can $400,000 buy you in Charlotte, NC?

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

Filed Under: Charlotte News and Information Tagged With: 28226, 28270, 28277, Ballantyne, Charlotte NC, danielle edwards, home prices charlotte, Matthews, north carolina, olde providence, PIper glen, remax, remax agent, remax executive, Southpark, what can $400000 buy you in charlotte

55+ Communities Charlotte – Epcon Community- Realtor® Review

March 27, 2021 by Danielle Edwards

55+ Communities Charlotte –

Epcon Community-

Realtor® Review

Courtyards on Lawyers Road

Looking to retire? You are not alone. Many are seeking retirement options that give them a beautiful place to live with amenities. Epcon Communities creates a perfect living space for those who do not want the large mega-55+ community lifestyle.

Epcon Community 2021 Map

Epcon has successfully built many “Courtyard” 55+ communities in not only the Charlotte, NC area, but all across the United States.

Check out my walk through and driving tour of the Courtyards at Wesley Chapel.

This will give you an idea on what their “to be built” communities will look like.

Epcon has been building homes for over 30 years. To ensure that they continue to build homes at the highest standard most of their builders participate in a rigorous, trademarked, quality assurance process called QualityMark. QualityMark is governed independently from the construction professionals that build the homes, thus allowing objective reviews that ensure the pristine quality of your home.

 

 

 

 

 

 

 

Whether you want new construction or resale I am up to date with what is available and what each of them offer. The best part is having buyer’s representation is complimentary to you! The seller will cover our fee, and in exchange you have someone who is looking out for YOUR best interest. The builder sales rep, though really nice and helpful, they represent the builder. Having a professional with experience in the new construction process can be your greatest ally to ensure you have a smooth process.

  • If you live outside North Carolina and want to know my TOP 10 reasons to move to North Carolina – click here
  • Epcon is currently building in
    • Courtyards on Lawyers Road (Stallings, NC)
    • Courtyards on Chestnut Lane (Matthews, NC)
    • Courtyards on Robinson Church (North Charlotte, NC)
    • Courtyards on Poplar Tent ( Concord, NC)
    • Courtyards at Eastfield Farm(Huntersville, NC)
    • Courtyards at Mint Hill (Mint Hill, NC)
    • Courtyards at Wesley Chapel( Wesley Chapel, NC)

The best part is I can assist you with any of these locations!

Watch my video on buyer’s representation

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte News and Information Tagged With: 55+ communities charlotte, 55+communities north carolina, buyers agent, charlotte 55+ community, courtyards on lawyers road, danielle edwards, do you need a Realtor® for new construction, epcon communities, matthews nc 55+, mint hill 55+, ranch homes charlotte, realtor, remax agent charlotte, remax executive, top 10 reasons to move to charlotte, what does a Realtor® do

Fannie Mae Announces cap on portfolio loans

March 16, 2021 by Danielle Edwards

Fannie Mae Announces a cap on porfolio loans

Did you hear today’s news? As of last week, Fannie Mae announced it wants to cap its portfolio of loans for second homes or investment homes properties to not exceed 7%. For reasons they don’t fully publicize…. in a nutshell…. it all comes down to risk (and they want less of it).

Starting today, the rates on mortgages for these products have jumped by significant levels, which may put some potential buyers right out of the market. On the flip side, we may see fewer of the Charlotte region’s 150-350k homes get gobbled up by investors (if they were relying on financing to complete the deal), thus decreasing the competition in our already-low supply of inventory.

Second homes already require a minimum 10% down payment, and investment properties a 20-25% down payment. The added cost of financing is something to keep in mind should you have any buyer clients searching for these kinds of properties. I’m happy to take the time to set proper expectations with any of your buyer clients in the market for a vacation home or investment property.

Want more details so you’re fully equipped with knowledge? Call me now and I will connect you with my excellent local Charlotte lenders(if you don’t have one) to explain all this and set you up for success.

Read the full Fannie Mae bulletin

If you are looking to purchase a home do you know what DUE DILIGENCE means?

Check out my video I did on the first thing you need to know on buying a home in the state of North Carolina!

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte News and Information, Charlotte Real Estate News Tagged With: 2021 real estate, buying a home in charlotte, buying a home in nc, Charlotte NC, charlotte remax, due diligence, fannie mae, first time homebuyer, home loans, lending update, remax agent, what to know about buying a home in charlotte

Best communities South Charlotte- Olde Providence -28226

March 16, 2021 by Danielle Edwards

Olde Providence

 

Charlotte, NC

Driving Tour by Charlotte Realtor®, Danielle Edwards

 

 

 

 

Olde Providence is located in South Charlotte, just south of “Southpark” area.  This hidden gem is now booming with options.  The Olde Providence community itself was established in the early 1960s.  Many homeowners are bringing their HGTV dreams to this community and making Joanna Gaines proud!

VIDEO ON OLDE PROVIDENCE by CHARLOTTE Realtor®- DANIELLE EDWARDS

The Olde Providence Elementary school is top-notch with an excellent PTA.   Many people get on the waitlist to join the Windy Rush Country Club for their summer fun, swim team & tennis lessons.

The homes in OLDE PROVIDENCE community and area itself typically sell fast.  Its location, amenities, and excellent schools make this a great place to call home.

Click here to see what is currently on the market in this area.

I live in this area and I am proud to call it home.  If you would like help getting to know this area or how to best position your home in the market- let’s talk!

Here is what my clients have to say

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

Filed Under: Charlotte News and Information, Home Tour Tagged With: 28226, best communities olde providence elementary, best communities south charlotte, buyers agent charlotte, Charlotte NC, Charlotte realtor, danielle edwards, driving tour olde providence, food lion charlotte, homes in olde providence, listing agent charlotte, olde providence, olde providence elementary, realtor, remax executive, remax realtor, south charlotte, Southpark, windy rush country club, windy rush swim and tennis

Top 5 Mistakes a Buyer Makes

October 30, 2020 by Danielle Edwards

TOP 5 MISTAKES A BUYER MAKES

Looking to purchase a home? STOP!  Check out my TOP 5 before you start!

Click here for everything you need to know about buying a home in North Carolina.

 


Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

Filed Under: Advice, Charlotte News and Information Tagged With: buyer agent charlotte, buyers, buying a home, Charlotte, Charlotte realtor, Charlotte Suburbs, danielle edwards, for sale charlotte, moving, remax agent, remax executive, top 5 mistakes a buyer makes

Uptown Charlotte’s Four Wards

January 23, 2020 by Danielle Edwards

Uptown Charlotte’s Four Wards

What to do, where to eat, and what you’ll find

One of the unique things about uptown Charlotte (besides the fact that it’s called ‘Uptown‘) are its 4 distinct wards, which divide our city into quadrants. They meet at the intersection of Trade and Tryon. Each quadrant of the city is a little different from the next. Each has its own personality. Keep reading to learn about the history of Uptown Charlotte’s four wards, and what gems you can find there. 

First Ward

The first of uptown Charlotte’s four wards is the eastern-most quadrant. You’ll find beautiful townhomes, craftsman style houses and tree-lined streets here, all with a breathtaking backdrop of our skyline. 

First Ward must-do’s

7th street public market:

a bustling food hall full of delicious eats and local vendors. You can shop for Charlotte retail items like hats and bumper stickers at CLT find, or you can have a delicious crepe from Hazelnuts. It’s a great place to visit with the family on a rainy Saturday, or a prime spot for a coffee meetup during the week. It sits right on the 7th street light rail stop.

First Ward Park:

First Ward Park sits just across the street from 7th Street Public Market. In the summer you’ll find kids running through the fountains that sprout up from the ground while yogi’s practice poses on the lawn. While your kids play, you can get some exercise in on the built-in equipment.

ImaginOn:

ImaginOn is an amazing children’s library and theatre. The facility is a collaboration between the Charlotte Mecklenburg Library and Children’s Threatre of Charlotte. It has a children’s library, a teen-onky library, interactive exhibits, and multiple theatres.

The Mecklenburg County Library:

A library may not seem all that exciting, but the one coming soon to the First Ward of uptown Charlotte certainly is. The building plans speak for themselves. Check it out here!

 

Second Ward

The second of uptown Charlotte’s four wards is the southernmost quadrant. The Second Ward is probably best known for the epicenter, a hub of bars and restaurants that comes to life late-night. You’ll find a lot of modern luxury style apartments in the Second Ward. Perhaps the most exciting new addition to this ward is the Whole Foods on Stonewall. Speaking of Stonewall, the soon to be corridor of buildings that are currently under construction on this street is said to become the new “Trade and Tryon” which has always been considered the “heart of our city.”

Second Ward must Do’s

Nascar Hall of Fame:

A museum dedicated to Nascar. Whether or not you’re a Nascar person, the history of the sport is fun to learn about. During the holidays, there’s an ice rink here!

City Lights rooftop bar:

At the top of the Le Meridien hotel, you’ll find some of the best skyline views at this swanky rooftop lounge.

Uptown Charlotte's Four Wards: City Lights

View from City Lights rooftop bar

Fahrenheit:

Another amazing skyline view with delicious bites to go along with it. You may just see a famous athlete dining here. After dinner, grab a drink on the patio next to one of the many gas fire pits. Don’t forget to grab a photo while you’re up there!

Third Ward:

The third of Charlotte’s four wards might have the most potential for future growth, but that doesn’t keep it from being busier than ever thanks to the BB&T ballpark. You’ll find quaint bungalow style houses and contemporary condominiums in this northern quadrant of uptown Charlotte. It’s also home to Johnson and Wales University.

Third Ward must do’s

Visit Brevard Court and Latta Arcade:

A bite-size piece of history plopped down into a concrete cityscape. You’ll find one-of-a-kind shops and restaurants in this little brick alleyway, dotted with edison lights throughout.

Uptown Charlotte's Four Wards: Latta Arcade

Romare Bearden Park:

Another fun uptown fountain the kids will love, only with better views. This fountain lights up colorfully at night and sometimes you may be lucky enough to stumble upon a musician putting on a show.

City view from Romare Bearden Park

Romare Bearden Park fountain

Knights Game at BB&T ballpark:

You’ll love the liveliness as much as the views at Charlotte’s baseball stadium. Fun for the whole family!

Panthers game at Bank of America Stadium:

Enough said. #keeppounding

Graham Street pub:

A new Third Ward restaurant with a rooftop patio. Perfect for pregaming for the big game, or for a bite afterward!

Fourth Ward

Charlotte’s Fourth Ward, or westernmost quadrant, is perhaps the “coziest” of the wards. The streets are quiet and lined with trees, historic homes and charming brick buildings. Something about the Fourth Ward feels, well, unlike uptown Charlotte. If you’re a jogger or just looking for some fresh air, this is the best place to get outside in uptown Charlotte.

Fourth Ward must do’s:

Alexander Michael’s:

Similar to Brevard Court, Alexander Michael’s (also known among locals as Al Mikes) almost seems out of place, like a little piece of history plopped down into the city. You’ll recognize it by the old school pickup truck parked out front.

Dandelion Market:

A go-to for small plates and brunch, you’ll love the atmosphere in this restaurant. If you’re not the partying type, just be weary of showing up too late, as the tables literally get suspended from the ceiling to make room for the dance floor after 10pm.

Discovery Place:

Another great option for kids! Discovery Place is a museum with science and technology centered exhibits, many of which are interactive.

There are endless amounts of places to eat and things to do in each of the four wards of Charlotte. Uptown Charlotte is ever changing, with dozens of new things opening up every week and new construction being delivered constantly! Venture into the heart and soul of our growing city and check out the personalities of each ward for yourself!

Want to know more about all that Charlotte has to offer? Ask your real estate expert, Danielle Edwards with Re/Max Executive Real Estate!

Danielle Edwards
DrivenDanielle@gmail.com
704.604.2999

Danielle Edwards, Realtor Charlotte

 

 

 

Filed Under: Charlotte News and Information, Featured Content, Personal Interest, Relocation, Uncategorized Tagged With: Buying a Home Ballantyne NC, Real Estate Agent Charlotte NC, realtor ballantyne nc, remax agent ballantyne nc, Remax Agent Matthews NC. Remax Real Estate Agent Matthews NC, Remax Agent South Park NC, remax broker ballantyne nc, remax broker matthews nc, Remax Broker South Park NC, Remax Real Estate Agent Ballantyne NC, Remax Real Estate Agent Charlotte NC, Remax Real Estate Agent South Park NC, remax realtor ballantyne nc, Remax Realtor Charlotte NC, remax realtor matthews nc, Remax Realtor South Park NC, Selling a Home Ballantyne NC

Charlotte Real Estate Market in 2020

January 15, 2020 by Danielle Edwards

Charlotte Real Estate Market in 2020

Buying or selling? Here’s how the Charlotte Real Estate market may affect you

Perhaps the number one question Realtors get is “how is the Charlotte real estate market ?” Followed by: “when is the best time to sell or buy?” Whether you are looking to buy a new home or sell your current home this year, the best place to start is by diving into as much information as you can get your hands on, so you can create an effective game plan for your journey. Let’s start by discussing the state of the Charlotte real estate market in 2020.

 

 

Charlotte Skyline

Photo by Daniel Weiss

Charlotte, NC ranked 2nd fastest-growing city

According to the Charlotte Observer, everyone from big business owners to small families around the country have their eye on Charlotte as a possible relocation destination. Our little southern banking town isn’t so little anymore, and it’s certainly not just a banking hub these days. The north side of South Boulevard was merely warehouses and old mills over a decade ago; but now, it’s a bustling metropolitan hot spot full of activity. If you were seeing it for the first time in 10 years, you wouldn’t recognize it at all.

Charlotte Real Estate statistics

According to the MLS, 2019 ended with a flurry of housing activity. From December 2018 to December 2019, home sales grew by 17.2%.  During the year of 2019, 50,854 properties sold in the Charlotte region, which was a 5.9% increase from 2018.

The Canopy Realtor® Association provides monthly reports on residential real estate market activity for the Charlotte region based on data from Canopy MLS. The Charlotte region, which this report is based on, includes 12 counties in North Carolina and four counties in South Carolina.

Demand still increasing

Pending sales, which continue to show tremendous demand from buyers, increased by 8.9% from 2018 to 2019. December figures showed demand soared upwards by 22.3% compared to last December as buyers continue to seek homes across the region.

Still a “seller’s market”

Prices continued to respond to strong seller’s market conditions, with the average list price in 2019 ($333,290) rising 4.6% over 2018’s average list price. The original list price to sales price measure for the year was 96.7%. The average sales price in 2019 rose 5.9 % compared to 2018 to $303,722, while the median sales price, a better measure of prices over time, rose 7.1% to $255,000.

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Inventory steadily decreasing

“Despite the slower activity during the first half of 2019, it’s truly turned out to be a record-breaking year of sales,” said 2020 Association/Canopy MLS president John Kindbom. “With sales in 2019 up nearly six percent over 2018, and with the phenomenal activity we saw during the month of December, it looks like the spring market has started early.” John Kindbom 2020 MLS President.

The new listing activity has been challenged for some time now, with offers being placed almost as soon as a listing is published. Listing activity for all of 2019 was essentially unchanged compared to 2018, rising 1.7% with 61,069 total new listings at year’s end. This will continue to impact inventory, which declined 23.9% in December and left the Charlotte region with 7,416 properties for sale at report time, or 1.7 months of supply. A year ago, in December 2018 the region had 9,747 properties for sale, or 2.4 months of supply.

Days on the market: holding steady

For all of 2019, the average number of days a property was on the market from the time it was listed until it closed (list to close) was 93 days, which is unchanged compared to December 2018. Days on Market, the metric that accrues for “Active” and “Under Contract-Show” statuses, averaged 43 days in 2019.

This excerpt was from Canopy Realtor® Association, which is a trade association that provides its more than 12,200 Realtor® members with the resources and services they need to conduct ethical, professional, successful and profitable businesses. The Association is dedicated to being the region’s primary resource for residential real estate information. The Association operates Canopy MLS, which has more than 17,800 subscribers and is the private cooperative Realtors® use for access to tens of thousands of residential listings in a 24-county service area, including Charlotte, the mountains area of North Carolina, South Carolina, and beyond.

Realtor Danielle Edwards: Thoughts on the market

This time last year was really slow for many Charlotte Realtors. This year proves to be different as just one week into the new year, I have one listing and 3 pending buyer transactions.  I would say 2020 is off to a great start.  Interest rates are at a great place for buyers and many sellers are taking advantage of that to sell and relocate.  In the Charlotte real estate market we see a lot of homeowners downsizing into senior living, townhomes, or opting to move to the mountains or beach.

Buying vs. Selling in Charlotte

A realtor most often wears two hats, listing agent and buyers agent. Here is a link to the working agents brochure if you want to familiarize yourself with how that works.

Why do I need a buyers agent?

Excellent question! Did you know that buyers’ agency wasn’t created until the 1980s? Prior to that, all agents represented the seller.  I can’t imagine!  Here are a few quick reasons you need a buyers agent:

  1. They are experts in the home buying process and guide you through each step
  2. Good agents can point out the negatives or any potential red flags in a home for resale
  3. They are highly knowledgeable on what’s legal and what’s not
  4. They negotiate repairs by leveraging their contacts when needed to provide “expert advice” on certain issues
  5. A good agent has your back while you’re busy. They’ll be hard at work problem solving and getting all documents lined up for you when your day-to-day life needs your attention
  6. They have YEARS and hundreds of hours of training behind them to handle the craziness of unexpected scenarios you have no idea exist.
  7. They are paid by the seller. Yep, buyers agents are at NO cost to you!

Why do I need a listing agent?

With a slew of online firms entering a market, it stands to reason that a seller will want to check out their options when it comes to listing their home. I think it comes down to one word. Service.  Do you want a one-size-fits-all approach to selling your home? Or do you want to try to sell your home for top dollar and leverage your property?  It amazes me how often small upgrades can truly change the appeal of a home. Do you want to do all the work? Or do you want someone to do it for you? It’s as simple as that.

There are so many factors to consider.  If you are considering interviewing Realtors, I would be happy to meet with you to discuss the role of a Realtor and what sets me apart.  Visit Soldondanielle.com for video testimonials from my clients.

Danielle Edwards
DrivenDanielle@gmail.com
704.604.2999

Danielle Edwards, Realtor Charlotte

 

 

 

 

Thank you for CMLS for the data used in this blog.  Canopy Realtor® Association is a trade association that provides its more than 12,200 Realtor® members with the resources and services they need to conduct ethical, professional, successful and profitable businesses. The Association is dedicated to being the region’s primary resource for residential real estate information. The Association operates Canopy MLS, which has more than 17,800 subscribers and is the private cooperative Realtors® use for access to tens of thousands of residential listings in a 24-county service area, including Charlotte, the mountains area of North Carolina, South Carolina, and beyond.

Filed Under: Advice, Charlotte News and Information, Charlotte Real Estate News Tagged With: ABR, ballantyne nc, buyers agent charlote, buying a home in ballantyne nc, Charlotte, charlotte real estate market, Charlotte realtor, CLHMS, five star agent, listing agent charlotte, realtor ballantyne nc, remax, remax 100% club, remax agent, remax agent ballantyne nc, remax agent matthews nc, remax agent southpark nc, remax broker ballantyne nc, remax broker matthews nc, remax broker southpark nc, remax platinum, remax real estate agent, remax real estate agent southpark nc, remax realtor, remax realtor ballantyne nc, remax realtor charlotte, remax realtor matthews nc, remax realtor southpark nc, selling a home in ballantyne nc, sps

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Danielle Edwards
RE/MAX Executive
12104 Copper Way Ste. 100
Charlotte, NC 28277
704-276-6882
info@soldondanielle.com

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