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Market Conditions in New Bern : Real Estate Advice

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  • Local Info20
  • Home Buying37
  • Home Selling3
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Activity 6
Thu Jan 29, 2015
The Graveline Group answered:
We always recommend contacting a local Realtor. Realtors adhere to a strict code of ethics which offers you consumer protection and piece of mind. Don't go at it alone.
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Thu Jan 29, 2015
Allana Ross answered:
There are three factors that directly influence the number of days on market: price; condition; and location. New Bern has many unique properties. Some are in newer developments than others. There are waterfront properties, golf course properties and interior lots. There are two different electric service providers. Some buyers consider properties with the lower electric rate more desirable. Another popular utility that many buyers seek is natural gas. Some properties in New Bern have access to natural gas while others do not. Some buyers consider the school district before purchasing a home. New Bern is served by Craven County Schools which has numerous schools throughout the city. Some buyers may value one school district more than others. Being that I have very limited information about the property in question, it is difficult to accurately answer your question.

Average days on market can only be determined with statistics from properties that have recently sold. There are many homes that have been on the market longer than the average number of days, with time still accumulating. Additional information about the property in question is needed to identify similar homes for comparison. I encourage you to contact me directly for a free market analysis.
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Tue Aug 6, 2013
Fritz Walter answered:
Hi Sheila, if you have any home finance questions, need a pre-approval or a rate quote please contact me. Feel free to check out my web page and my companies' website. I sincerely hope you find a wonderful home and I know the Realtors on Trulia are excellent and will be a tremendous resource for you.

With an A+ rating on the BBB, Total Mortgage offers some of the lowest mortgage rates and fastest closing times of anyone in mortgage industry.

All the best,

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VP of Retail Sales
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Mon Apr 22, 2013
Lee Ann Fordyce answered:
over the past 365 days the average days on market in the New Bern area MLS has been 199. Since January 1 it's been 202. I see that you live in the "Brices Creek" area of our MLS and that your home has a tax value of $181,000. Over the past 365 days homes in your vicinity, priced between $175,000 and $200,000 have been on the market an average of 237 days. How else can I help you? ... more
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Tue May 5, 2009
Gary Barker answered:
Price and location are always key to attracting a buyer. The problem a lot of home owners face is competition from new construction. Builders have responded to the downturn by choosing floor plans to build that they can provide ample square footage at bargain prices. Homes built from 3 to 5 years ago had more features and architectural detail. In your market a great deal of homes are financed by the VA. Many mortgages are 100% of value. With a declining market and the cost associated with selling some owners are upside down. Your agent should show you the listings of the homes you will be competing with. A study of the number of homes listed vs. the homes that closed in the last twelve months will give you a clear understanding of what you face. You must price your home to be seen by buyers. If a certain percentage of the similar homes will sell you need to price your home in the range of the lowest priced within that percentage. If that kind of pricing is not acceptable you might consider remaining or renting your home.

By: Gary Barker
Serving New Bern since 1977
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Fri May 2, 2008
Matt Morris answered:
Good morning Kyle,

GREAT QUESTION!! I see your are just now getting into the mindset for selling your home and looking to relocate! I am sure this is a somewhat exciting time for you as well as an anxious one as well. In this type of market you truly need an expert agent who will not only let you know what you need to do but also what you need to know about the market and proper strategies to help overcome the market and have your home stand out competitively. I work on the #1 team in New Bern and you are more than welcome to check out our website at www.newbernhomesonline.com and I would love to drop off a pre-list packet for you to go over which might very well answer lots of your questions. Please feel free to contact me at 252-571-9089 or email matt@donnaandcompany.com and I look forward to hearing back from you! Have a wonderful day! ... more
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