In general once an appraisal is ordered by the lender, it will take about 7 to 10 days for the appraisal to be in. I have seen a few times that it takes closer to 14 days, but in todays market about a week and half is a good rule of thumb.... more
Days on market have went down drastically in the past year. In the High Point area we had reached almost a year. I am happy to report that the number of days it will take a home to sell is now between 90 and 120 days. Inventories are lower than they have been in the past several years. We are seeing a slight increase in home values and a slight decrease in the number of distressed home sales. Great news for everyone!... more
There are many ways to measure success...look for a Realtor/Broker with lots of happy clients first. You want a realtor that is responsive, knowledgeable, attentive and working full-time in the business. Then ask them the dollar volume they produce each year, how many units they sell on average per year, what their average sale price is, average days on market for their listings, how many buyers they work with on average in a year's time? Ask for references. Satisfied clients are a great measure of success! Ask them if they have won any awards within their office?
Most of all find someone you like and trust. Selling or buying a home is an emotional, complex and important process & BIG investment. Hire a professional regardless of whether they are a top producer or not.
Hi Jill, Not sure why, but your questions was routed to a North Carolina queue for Market Conditions in 27265. You may want to try to redirect this to the appropriate zip code for the best results. However, I do have a client in Harrisburg, PA who just told me 90-120 days was the average Days on Market there. But as Anna had mentioned, different markets, including condition, size, price point and pricing to the market will all play a huge factor. Best of luck!... more
Scott and Ron are correct. The buyer is approved first. Then they will go out and the VA appraiser will evaluate the home. unfortunately there is no home attached to your question so it is hard to see why you are asking. The VA is pretty strict about the home being habitable (you can move in and live there) when you buy. For example no broken windows, plumbing must be working, must have an oven/range that works and the Heat works. Now if the home needs quite a bit of work you could always look at doing a FHA 203K loan where you can get extra funds for repairs.
So the best bet is as Ron states speak to a lender and if looking for a VA or whether a FHA 203K loan.
The DOM is a real good way to analyze the potential for a sale and to gauge how well you are doing in selling your own home. Just using a zip code is not quite deep enough though. I live in this zip code, 27265, by Southwest schools. But this zip code stretches over into northern Davidson County. Looking at just the data for the zip code can be misleading. Also, price ranges reflect differently with homes between $150,000 and $350,000 being the quickest turn over of them all. Comparing new sales to existing home sales is yet another key as many new homes are listed before construction has begun. One more demographic is actual sales price compared to initial listing price. Data shows that a home priced closer to real values sales quicker and for more money than a home that is initially listed too high. Pricing a home is a real art and few REALTORs fully grasp all of the intricate parts that have to be considered. Even fewer homeowners understand it, although most understand that since they probably would not buy a home that is overpriced others aren't either. If you haven't listed your home yet, I would be happy to provide an in depth evaluation free of charge. You can reach me through Trulia or my website below.... more
The only thing in the price range and area that you indicated was a 3BR/2BA townhome that rents for $875. If this is of interest to you, tou can call me at 336-812-8128 or e-mail: Len@LenMontgomery.com
It appears the unit is vacant now.... more
Research both areas, and decide which works better for you. That includes housing affordability, quality of life, neighborhood selection, quality of schools (if that's a factor), proximity to whatever's important to you (shopping, employment, vacation amenities, etc.), and so on. Judging from the answers below, they're both good area--nothing you should immediately eliminate from consideration. So, don't get rushed into anything; don't get pressured by friends. Do you own due dilligence. Find out what's best for you.