Lenda's Market Insight
Good news for resale homes in the $500,000-$800,000 price range - we are now getting offers on these homes. For the past 18 months, both showings and offers were few and far between. Why the sudden surge in offers?
First and foremost the number of showings has increased. Showings in general declined in May due to the expiration of the home buyer tax credit. Yet showings in the $500,000-$800,000 price range increased by 34% (compared to May09).
New homes in the Cary area have been outselling resales by a large margin over the last 18 months. Now, with limited bank funding for new homes and a large decline in inventory, resale homes in this price range are finally gaining some momentum.
Now for the offers - they are typically coming in at 10-15% below the current listing price We negotiate very diligently to bridge the gap. The key here is for sellers to price their home realistically and be willing and flexible to work hard with an offer that is submitted.
I'm happy to report some GOOD news!
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So I've Decluttered .... Where can I take my stuff?
We've all heard it...before selling your house you need to declutter.
And, here at LG Real Estate, we have a process where we preview each of our listings before they go on the market and suggest to the sellers what needs to be removed. But, what then? I thought I would take a moment and just list a few of our favorite donation organizations in Cary, NC.
Habitat for Humanity in Wake County
If you remodeled your kitchen, bathroom or any part of your home in the getting your home on the market process, you can check out www.habitatwake.org to see if you can utilize their limited pick up service or drop off old cabinets and any useable leftover building materials....Read More.
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Cooking Tips from Matt
Matt Goulding, our son, coauthor of "Cook This, Not That! Kitchen Survival Guide" offers the following tip in his recent cookbook:
Most salads - both at home and in restaurants - end up overdressed, which compromises the flavor and inherent nutritional value of the creation.
For a properly dressed salad, the first step is to have perfectly dry lettuce leaves. Water on the lettuce repels the oil in the dressing, which means it won't cling to your salad. Invest in a salad spinner and use it religiously.
Next, add the dressing a few tablespoons at a time immediately before serving (otherwise the lettuce begins to wilt). Use a pair of tongs to thoroughly distribute each new addition. Pluck a leaf from the bowl and taste. The leaf should have a light sheen, not a heavy coat, of dressing and should still taste like lettuce. |
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LG Real Estate
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See you around town,
Lenda |
