Danielle Edwards

RE/MAX Executive

Danielle Edwards with RE/MAX Executive

Do I Have to Pay the Buyer’s Broker? Questions Answered

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Do I Have to Pay the Buyer’s Broker?

The New York Times posed the question, “I hired an agent to sell my property, do I have to pay the buyer’s broker now?” The answer is no, and it’s always been no. You could have listed it yourself or offered no compensation. There’s stuff you don’t have to do, but it’s smart to do.

Understanding the Real Estate Commission System

Like, I didn’t have to shower today, but I did because it’s good for me. When you don’t pay the buyer’s broker, you’re basically paying your own agent to work with others. However, not paying the buyer’s broker puts you at a disadvantage.

Benefits and Disadvantages of Not Paying

It reduces the number of potential buyers who can afford your property because they’re already dealing with moving costs, closing costs, and down payments. Adding another fee can deter many potential buyers and reduce demand, affecting the price you can get for your property.

Understanding the Benefits and Drawbacks

But, you also benefited from this system when you bought your house, and you’ll benefit again when you buy another one. You might not love the system, but it’s why the industry is strong and why you get good prices. So, do you have to pay the buyer’s broker? Nope, you don’t have to, but it’s probably a good idea. It’s like paying for insurance; you might not use it, but it’s there if you need it.

Ultimately, while not compensating the buyer’s broker may seem like a cost-saving measure, it’s crucial to consider the broader implications. By understanding the dynamics of the real estate market and the role of commissions, you can make informed decisions that align with your goals as a seller.

For more insights on the benefits of hiring a real estate agent when buying a home, check out this article.

Top 5 Benefits of Hiring a Real Estate Agent for Buying a Home

Reach out to us, and we’ll be delighted to assist you in finding your dream home. Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

Simplifying the Home Buying Process: Expert Agent Guidance

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Trust an Expert Agent to Navigate the Stressful Home-Buying Process for you in CHARLOTTE, NC

Navigating the home-buying process can be overwhelming. According to research, ninety-one percent of buyers find it stressful to do it without an agent. As your dedicated agent, I prioritize your interests, ensuring you get the best price and minimize risks. With my expertise, buying a home becomes less daunting and even enjoyable. Reach out when you’re ready to find your perfect home. Trust me; you’ll be glad you did.

Watch the video below


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Expert Guidance for a Stress-Free Home Buying Experience

Considering that buying a home is often the most significant financial decision in one’s life, it’s crucial to have expert guidance. Without an agent, you risk leaving vital aspects to chance. My role is to protect your interests throughout the home-buying process. From negotiating the best price to mitigating potential risks, I handle it all, making the journey smoother for you.

Research indicates that buyers who engage with agents experience less stress and more confidence in their decisions. This isn’t surprising; buying a home involves numerous intricacies, from understanding market trends to navigating legalities. With my assistance, you gain access to industry insights and resources, empowering you to make informed choices.

Watch my video below – Why do you need a Buyer’s Agent

 

 

Why Trusting an Agent Matters

Trusting an agent isn’t just about convenience; it’s about safeguarding your investment. My expertise extends beyond finding listings; I analyze market data, assess property values, and strategize negotiation tactics tailored to your needs. This comprehensive approach ensures that every step of the home-buying process is optimized for your benefit.

Moreover, I provide personalized support, addressing your concerns and queries promptly. Whether you’re a first-time buyer or a seasoned investor, having a dedicated agent by your side streamlines the process and alleviates stress. Don’t leave such a significant decision to chance.

Reach out today, and let’s embark on this exciting journey together. We’ll be delighted to assist you in finding your dream home. Stay tuned for all updates! Follow us on social media, Facebook, Instagram, and YouTube.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

Visit my YouTube Testimonials

How Shifting Mortgage Rates Affect Your Finances

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a house with many different colored numbers

Key Considerations When Buying a Home

For prospective homebuyers, understanding the significance of mortgage rates is essential in determining affordability and monthly payments.

Even minor fluctuations in mortgage rates can significantly influence your purchasing capacity.

To effectively navigate these changes and make well-informed buying decisions, it’s advisable to seek guidance from a knowledgeable local real estate agent and mortgage specialist.

2 of the Factors That Impact Mortgage Rates

If you’re looking to buy a home, you’ve probably been paying close attention to mortgage rates. Over the last couple of years, they hit record lows, rose dramatically, and are now dropping back down a bit. Ever wonder why?

The answer is complicated because there’s a lot that can influence mortgage rates. Here are just a few of the most impactful factors at play.

Inflation and the Federal Reserve

The Federal Reserve (Fed) doesn’t directly determine mortgage rates. But the Fed does move the Federal Funds Rate up or down in response to what’s happening with inflation, the economy, employment rates, and more. As that happens, mortgage rates tend to respond. Business Insider explains:

“The Federal Reserve slows inflation by raising the federal funds rate, which can indirectly impact mortgages. High inflation and investor expectations of more Fed rate hikes can push mortgage rates up. If investors believe the Fed may cut rates and inflation is decelerating, mortgage rates will typically trend down.”

Over the last couple of years, the Fed raised the Federal Fund Rate to try to fight inflation and, as that happened, mortgage rates jumped up, too. Fortunately, the expert outlook for inflation and mortgage rates is that both should become more favorable over the course of the year. As Danielle Hale, Chief Economist at Realtor.com, says:

“Mortgage rates will continue to ease in 2024 as inflation improves . . .”

There’s even talk the Fed may actually cut the Fed Funds Rate this year because inflation is cooling, even though it’s not yet back to their ideal target.

The 10-Year Treasury Yield

Additionally, mortgage companies look at the 10-Year Treasury Yield to decide how much interest to charge on home loans. If the yield goes up, mortgage rates usually go up, too. The opposite is also true. According to Investopedia:

“One frequently used government bond benchmark to which mortgage lenders often peg their interest rates is the 10-year Treasury bond yield.”

Historically, the spread between the 10-Year Treasury Yield and the 30-year fixed mortgage rate has been fairly consistent, but that’s not the case recently. That means, there’s room for mortgage rates to come down. So, keeping an eye on which way the treasury yield is trending can give experts an idea of where mortgage rates may head next.

Bottom Line

With the Fed meeting later this week, experts in the industry will be keeping a close watch to see what they decide and what impact it’ll have on the economy. To navigate any mortgage rate changes and their impact on your moving plans, it’s best to have a team of professionals on your side.

 

Danielle Edwards, Charlotte Real Estate agent stresses the fact that buyers need to be preapproved and know all their options.  Understanding the process is key.   Danielle was featured on the TV SHOW First-Time Hombuyers and it is a great glimpse into HOW she helps buyers have a great experience.

 

Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

 

Today’s Real Estate Market is Ideal for Business

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More Choices, Less Stress

Why today’s real estate market is ideal for business? Ever felt like your current place just doesn’t fit anymore? Whether it’s too big, too small, or just not meeting your needs, you’re not alone. Luckily, with a 15.6% increase in homes for sale compared to last year, you’ve got more options than ever. That means less stress finding your dream home. And hey, if you’re worried about the selection, don’t be! Working with a local real estate agent keeps you in the loop on what’s out there.

a graph with red and blue squares

Less Competition, More Attention in Charlotte, NC

Now, you might be thinking, “Sure, more homes on the market means more competition, right?” Not so fast. Despite the bump in inventory, we’re still down nearly 40% from 2019 levels. According to experts, we’ve got a ways to go before hitting pre-pandemic levels. Translation? Your home, priced right and marketed well, will stand out in the crowd. With eager buyers on the lookout, you might just find yourself closing the deal faster than you think and witnessing firsthand that today’s real estate market is ideal for business.

How This Benefits You When You Sell

  1. More Flexibility for Your MoveConsidering selling because your current place doesn’t quite fit the bill anymore? Whether it’s too spacious, too cozy, or simply not meeting your lifestyle needs, you’re not alone. With a noticeable year-over-year increase, you now have a broader range of options for your next home. This means your search might just become a tad easier.If you’ve been hesitating to sell out of fear of not finding a new home that suits your preferences, worry no more. Teaming up with a local real estate expert ensures you’re in the loop about the available properties in your area.
  2. Minimal Competition for Your SaleWhile there’s a bump in the number of homes up for grabs, it’s still not quite back to pre-pandemic levels. According to insights from Calculated Risk, we’re still lagging nearly 40% behind 2019 figures. Closing this gap won’t happen overnight. As a recent Realtor.com article points out:

    “The number of homes for sale and new listing activity continues to improve compared to last year. However, the inventory of homes for sale still has a long journey back to pre-pandemic levels.”

    What does this mean for you? Well, with the right pricing strategy guided by an agent, your property is likely to attract significant interest from eager buyers and could sell swiftly.

Wrapping It Up

So, if you’ve been on the fence about selling your Charlotte home, now’s the time to hop off. With more options for your next move and less competition for your current digs, it’s a win-win situation. Ready to make a move? Let’s chat and get the ball rolling!

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Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

 

Charlotte Real Estate Market Update 2024

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Charlotte Real Estate Market Update

Is 2024 the time to buy?

Charlotte, North Carolina

Charlotte Real Estate Market Update

 

 

 

 

 

As a real estate agent deeply ingrained in the Charlotte market, I’ve delved into the latest insights provided by the Charlotte Business Journal, which have been meticulously derived from Canopy MLS data. These findings shed light on the shifting dynamics within our local housing landscape, offering valuable perspective for both buyers and sellers alike.

The analysis encompasses a comprehensive range of residential properties, including single-family homes, condominiums, and townhouses. To provide a holistic view, the data not only examines year-over-year changes but also incorporates pre-pandemic figures from 2019, allowing for a more nuanced comparison.

Before delving into the specifics, it’s worth noting that one ZIP code, 28104, has been excluded from the analysis. This decision stems from its limited geographical presence within Mecklenburg County, coupled with the relatively modest number of home sales—less than 100—in 2023.

Which Charlotte zipcode saw the biggest decline?

Among the standout revelations, ZIP code 28203 emerges with the most significant year-over-year decrease. This area, encompassing the upscale neighborhoods of South End and Dilworth, experienced a notable 36.8% decline in sales, dropping from 302 in 2022 to 191 in 2023. Moreover, sales in 28203 plummeted by 42.5% compared to pre-pandemic levels in 2019.

Following closely behind are ZIP codes 28078 and 28202, both witnessing a substantial 36.7% decline in sales. In the vibrant community of Huntersville (28078), home sales decreased from 1,456 in 2022 to 922 in 2023. Meanwhile, uptown’s 28202 saw sales dwindle from 362 to 229 during the same period.

Additional ZIP codes experienced declines of at least 30%, including 28217 in southwest Charlotte and 28204 in the Elizabeth area. Notably, 28217 stands out as the lone ZIP code in Mecklenburg County to buck the trend, witnessing a remarkable 31.9% increase in home sales compared to 2019.

In terms of overall sales volume, ZIP code 28269, situated north of center city toward Highland Creek, claimed the top spot with 1,138 closings in 2023—the only ZIP code in Mecklenburg County to surpass the 1,000 mark. Conversely, 28204 recorded the fewest closings at 120.

These findings underscore the broader narrative of a cooling housing market in 2023, characterized by constrained inventory and escalating affordability challenges attributed to rising interest rates and sustained price appreciation over the years.

Across the Charlotte region, home sales dipped by 17.3% in 2023, falling to 41,546 closings from 50,222 in the preceding year—a notable departure from the 50,854 sales recorded in 2019. In Mecklenburg County specifically, there were 15,326 closings, marking a substantial 20% decline from 2022 and a significant 26.4% decrease from 2019.

For a detailed visual representation of how home sales fared across Mecklenburg County in 2023 compared to both 2022 and 2019, refer to the accompanying infographic below. This comprehensive breakdown, organized by ZIP code and sorted in descending order of percentage decrease, offers valuable insights into the evolving dynamics of our local real estate landscape.

Charlotte Buyers – Real Estate 2024

What does this mean to you? Since rates have slowly started to drop we have seen buyers come out of the woodwork to prepare to try to buy a home again. Experts are saying between now and the beginning of April you can take advantage of incentives, less chance of bidding wars, and negotiate other terms.

Charlotte buyers love screen porches

 “Just-Right” Charlotte Homes beating the stats

  • Move-in Ready
  • Great schools/location
  • Close to greenway
  • Offering closings costs for rate buy-down
  • Screen porch, End-Unit, Pool, Cul De Sac
  • New/Like new HVAC, Roof, Windows, Siding

Charlotte Homes that are not winning

  • Homes that are outdated
  • Topography issues
  • Road Noise
  • Less desirable schools
  • Neglected repairs
  • Cost of updates both cosmetic and mechanical not considered when listed

Charlotte’s real estate market in 2024 is going to be a game changer.  No longer can you just put your home on the market and sit back and watch the money roll in.  Top experts are saying this is the year our value will stand out more than ever.

Got real estate questions?  Let’s talk!

Top Charlotte Real Estate Agent

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

 

 

Information by Jenna Martin and Canopy MLS.

2021 Real Estate Market Review

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2021 Real Estate Market Review – Charlotte, NC

By Charlotte Realtor, Danielle Edwards

RE/MAX EXECUTIVE

What a CRAZY year this has been!  Let’s recap the year with some quick points to keep you current and up to date at your next gathering!

CHARLOTTE QUICK HOME STATS

  • Single Family rent prices are up 10.9%
  • The average Charlotte Home sale price is $406,915 which is up 16.7% over last year
  • Charlotte homes on average received 100.2% of the List price, which is up 1.3% over last year
  • The average days on market is 19
  • Of the 12,948 homes sold last year, 3,615 of them were CASH buyers!

The average homeowner gained around $56,000 in equity in 2021.

What do you do with all that money?

Save it
Improve your home
Buy investment property

TOP 10 Home Improvements for 2021

Listed in order with the percentage of cost recouped, average project cost, and resale value.

Attic insulation                  107.7%                    $1,343 cost                   $1,446 resale
Avg. Entry door replace    90.7%                     $1,413 cost                    $1,282 resale
Stone veneer                       89.4%                      $7,851 cost                    $7,019 resale
Upscale garage replace     85%                         $3,304 cost                   $2,810 resale
Minor kitchen remodel    80.2%                      $20,830 cost                 $16,699 resale (better offers)
Entry door fiberglass        77.8%                       $3,276 cost                    $2,2500 resale
Midrange garage door      76.9%                        $1,749 cost                    $1,345 resale (curb appeal)
Siding replacement           76.4%                       $15, 282 cost                 $11,286 resale(better offers/energy)
Window replace/vinyl      73.9%                       $15.282 cost                   $11,286 resale(better offers/energy)
Deck addition                    71.5%                         $10,707 cost                   $7,652

Charlotte homes with updated curb appeal sell faster and receive stronger offers.  I have seen this hands down over and over this year.

CHARLOTTE Realtor®

As your trusted Charlotte Realtor, I am here to advise on what improvements are most beneficial for your Charlotte home.  Plus, with my trusted network of professionals, I can recommend vendors to do the job!

How are you keeping up with your home value?

This year I invested in the lasted in real estate software for my clients and you!  It is called HOMEBOT.  It works like other algorithms, but the difference is that it connects to your personal equity/payoff and advises you on everything from refinancing to investing.  My data-loving clients are LOVING THIS!  The best part is you can add all your properties into one portal and receive a monthly update on your home.

Granted, this is software and not an exact science.  But, it is a wonderful tool and will get you off those third-party sites that are not as accurate.  You can also click ONE button to request a ‘real value’ report to be done where we can update that value so moving forward it is more accurate.

Click here to access

IN BIG NEWS!!!

Do you watch those real estate tv shows?

I was featured on “First-time Homebuyer” sponsored by the National Association of Realtors. It was surreal to be able to share one of my greatest victories of 2021 with the TV world.  My buyer Danaya and I worked nonstop to find her first home in Charlotte, NC.

The show airs on HULU or YOUTUBE TV.

Season Two / Episode 2
Or you can just watch it here

 

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

704-604-2999

drivendanielle@gmail.com

Soldondanielle.com

Instagram- @danielle_your_Realtor

 

 

 

Market Report 2020 – Charlotte Real Estate

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Market Report 2020 – Charlotte Real Estate

How does Charlotte look when we compare July 2019 to July 2020?

Market report for Charlotte, 2020. Things are looking a little different in Charlotte when it comes to the real estate market. Inventory is down over 42% which may seem unfortunate, but low inventory means homes are selling for more. Closed sales are up from this time last year, list prices are on the rise, and new listings are also increasing. Watch the video below by Danielle Edwards to learn more about the Charlotte market, how the market compares to this time last year, and what this could mean for you if you plan on selling your home or purchasing a home in Charlotte in the near future. Buyers are also in a good spot with historically low interest rates.

Charlotte Market Report

Now’s the time to get into the real estate market. Want to learn how to get your home ready to sell, how to add value to your home or what upgrades buyers are looking for? Whether you’re looking to downsize from your current home or looking for more space for your growing family, Danielle can help you meet your real estate goals. Contact Danielle Edwards with Re/MAX Executive Realty for all your Charlotte real estate needs!

market report Charlotte 2020

Charlotte Real Estate Market

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Charlotte

Charlotte

Charlotte Real Estate Market

As a Realtor the most popular question I receive, “What is the Charlotte Real Estate Market like?”

 

 

 

 

As alogin_logo_300x80 Realtor, with Remax Executive here in Charlotte, NC I would be happy to address this question.
Currently, as of December 5th 2013, we have a LOW inventory of homes on the market.

As a seller, would be a great time to take advantage and place your home on the market.
For a free monthly market report on your home sign-up here www.daniellewasser.com.

Realtor’s use “absorption rate” which is a formula using homes currently active, with homes that have sold over
the past 12 months.

How can I calculate absorption rate for my home with Charlotte Real Estate market data?

HOMES SOLD/12= x
HOMES ACTIVE/x= Amount of months it will take to sell your home.

Please contact me if you would like to have your absorption rate figured for your home.

Charlotte Real Estate Market- County results

Mecklenburg, Union, Iredell, and York County

Here is a breakdown on the amount of months you can expect your home to sell, and the average price per sq. ft.
CRITERIA:
*past 12 months
*4 bedroom
*priced $200k-$300k

Charlotte, NC

Mecklenburg County covers Charlotte Area, Real Estate Statistics

Currently, in Mecklenburg county homes are taking 3.19 months to sell, and priced at $96.42 per sq. ft.
Mecklenburg County, is the heart of where Charlotte lives. Homes here are closer to the Uptown Charlotte area, airport, sporting event and concerts.
However, neighboring counties have recently become a hot spot for home owners seeking cheaper taxes, newer homes, and more home for the dollar.

 

UUnion County, NCnion County located south east of Charlotte, Real Estate Statistics

Currently, in Union county homes are taking 3.6 months to sell, and priced at $89.5 per sq. ft. Union county, known for homes with lots
of acreage, horse country, but not so far out there that Publix and Walmart haven’t made their claim on this popular sprawling area.

 

 

Lake Norman

Iredell County located North of Charlotte, Real Estate Statistics

Currently, in Iredell county homes are taking 5 months to sell, and priced at $89.88 per sq. ft.
Iredell County is most know for the Lake Norman area, and popular base for many NASCAR related industries. Taxes are cheaper than their southern
neighboring Mecklenburg. Many home buyers that don’t mind the I-77 traffic, or being far from the “city-life”, opt- to choose Iredell county as a place to call home.

 

                                       Baxter Village Homes

York County located North of Charlotte, Real Estate Statistics

Currently, in York county homes are taking 4 months to sell, and priced at $89.75 per sq ft. York county is most known for Fort Mill, SC area
and Lake Wylie. The schools in Fort Mill are ranked among some of the top in the nation. Home owners opt to live here to be 20 minutes from Charlotte city center, lower taxes, more home for the dollar.

 

To find out more about a certain area, price range in Charlotte, moving to the Charlotte area, or options for selling your home in the Charlotte area please contact me.

RE/MAX Executive Realtor Danielle Edwards

Danielle Wasser
704-604-2999
www.daniellewasser.com
drivendanielle@gmail.com

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“The last agent you’ll ever need!”

Contact

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

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