Would You Make a Good Real Estate Agent?

Realtor Handing Over KeysMost metropolitan areas have hundreds of realtors available. If you’re a Greensboro, High Point or Triad homeowner planning to sell your house, how do you choose the right one? Here are five qualities that make a great real estate agent.

1.   Communicative

Your realtor should be a good listener, so that your wants, needs, and requests are heard and understood. Your realtor should be able to clearly explain options and potential costs, and answer your questions in clear and simple terms. Your real estate agent should also be able and willing to update you on any positive events or challenges that will affect your goal to buy or sell a home.

2.   Adaptable

During the process of buying or selling property, your circumstances may change. An adaptable real estate agent will be able to adjust to those changes and let you know how they will affect your goals.

3.  Knowledgeable

A good realtor is knowledgeable about:

  • The neighborhood or area in which you want to buy or sell a home.
  • Comparable properties in the area that have been recently bought or sold.
  • How to help you get the best property available for your budget.

4.  Motivated

Look for a real estate broker that is truly motivated to help you buy or sell a home. After understanding all your requirements, it should be evident that your agent is proactive and committed to helping you achieve your goals.

5.   Organized

Your realtor should be a good project manager. He or she likely has multiple clients, so the ability to keep good track of meetings, showings, and paperwork will help him or her to stay organized and sell your home efficiently.

Looking for a Qualified Real Estate Agent?

If you’re looking for a highly qualified real estate agent in the Greensboro or Triad area, contact Ed Price & Associates today.

The Best Homes for Sale in High Point NC

Giant Chest of DrawersHigh Point, N.C., is a city in the midst of a rebirth. Once synonymous with furniture and textiles, High Point is now rapidly becoming a center for distribution, logistics, customer service, pharmaceuticals, technology, and sales. The city’s strong university presence, diverse range of careers, and mix of declining and emerging industries makes it a city of opposites and change. If you’re looking for homes for sale in High Point N.C., here are some of the best neighborhoods in the city 107,700 people call home.

More about High Point NC

High Point is a mid-sized city in North Carolina’s Piedmont region. Widely known for its history as a furniture and textile manufacturing center, High Point has often been referred to as the Furniture Capital of the World, a that name has been frequently challenged by Grand Rapids, Michigan. High Point’s official slogan is “North Carolina’s International City” due to its enormously popular High Point Market, which attracts hundreds of thousands of buyers from around the world twice a year. It is home to three Universities, most notably High Point University, a beautiful private school.

High Point is well known for its wide socioeconomic mix. The area is home to both enormous luxury mansions and humble apartment complexes, retirees and working professionals. Due to the shift from manufacturing to the finance, technological, and corporate industries, High Point is becoming a popular place for young professionals to begin their families and careers. This is perhaps why the city has experienced a tremendous population boom in the past few decades, increasing over 18% since 2000.

High Point Real Estate: Emerywood

Emerywood is a lovely neighborhood located in North High Point. It is located close to Emerywood Fine Foods, many other fine restaurants, a U.S. post office, and St. Mary’s Episcopal Church. Below are some statistics for the neighborhood.

  • Age: Emerywood is primarily comprised of retirees aged 65 and older and middle-aged couples aged 45-64.
  • Ethnicity and Languages: 92% of Emerywood occupants are Caucasian, and 5% are African American. The primary languages spoken besides English are Asian (Chinese, Japanese, and Korean).
  • Gender: Women outpopulate men in Emerywood by 7.4%.
  • Family size: The majority of families (about 85%) are small, with 2-3 members per household.
  • Property ownership: Emerywood has an extremely high rate of ownership, especially for High Point. More than 99% of homes are owned.
  • Household income: Emerywood is primarily a middle class neighborhood. 44% of homeowners earn $75,000 to $150,000 annually, and 15% earn $25,000 to $50,000 annually.

High Point Real Estate: Blairwood Estates

Blairwood Estates is an upper-middle-class neighborhood with many excellent High Point homes for sale. It is located near many popular dining establishments, banks, and hotels.

  • Age: The two highest demographics in Blairwood are middle-aged residents aged 45 to 64 and teenagers/children younger than age 20.
  • Ethnicity and Languages: 87% of Blairwood Estates residents are Caucasioan and 9% are African American. 91% of residents are English-speaking.
  • Gender: The gender ratio in Blairwood Estates is about even. There are slightly (about 1%) more men than women.
  • Family size: The family size is typical for a High Point neighborhood, with 2-3 family members per household.
  • Property ownership: The vast majority of Blairwood property is owned, not rented, at about 95%.
  • Average household income: This neighborhood ranges from upper-class to wealthy. 50% of Blairwood Estates households earn $75,000 to $150,000 annually, and 20% earn more than $150,000 annually.
  • Religious organizations: Blairwood has a high percentage of religious organizations located nearby. It has 37% more religious organizations than the average North Carolina neighborhood.

High Point Real Estate: Swansgate

Swansgate is a very popular, and growing, neighborhood in West High Point. Houses here are typically large, elegant, luxury homes with spacious yards and high-quality amenities. It is in close proximity to High Point University.

  • Age: This is a surprisingly youthful neighborhood, with 24% of residents mid-career age (35 to 44) and 30% of residents younger than age 20.
  • Ethnicity and languages: 90% of Swansgate residents are Caucasion and 7% are African American. The most common language, after English, is Spanish.
  • Gender: Women slightly outnumber men in Swansgate by about 4.4%.
  • Family size: Like most other High Point properties, Swansgate is mostly composed of small families with 2-3 members.
  • Property ownership: About 64% percent of Swansgate is owned, and 34% is rented.
  • Average household income: Although there are many luxury homes in this area, the majority of homeowners in Swansgate are classified as middle class, earning on average $50,000 to $150,000 yearly.

High Point Real Estate: Creekwood Plantation

Creekwood Plantation is an upper-middle-class neighborhood located in East High Point. It is 2.5 miles from Southwest Elementary School, making it both ideal for those with school-aged children and a great investment.

  • Age: The two highest demographics for this area are residents aged 45 to 64 and young people under age 20.
  • Ethnicity and Languages: 89% of Creekwood Plantation residents are Caucasian, and 6% are African American. While 89% of households are English speaking, 6.9% speak German, French, Italian, or Indo-European as the primary language.
  • Gender: Men in this neighborhood slightly outnumber women by 2.3%.
  • Family size: Creekwood Plantation also has a typical small family size for a High Point neighborhood, with 2-3 members per family.
  • Property ownership: Property in Creekwood Plantation is much more likely to be owned than rented, with 93% of homes owned.
  • Average household income: This neighborhood has a very high percentage of upper-middle class households. 29% of residents earn $75,000 to $150,000 a year, and 25% earn $50,000 to $70,000.

Find the Best Homes for Sale in High Point NC

If you’re ready to join this blossoming city, Ed Price Realtors has you covered. Browse our listings of High Point homes for sale, search for homes using our convenient search feature, and when you’re ready to start the home buying or home selling process with an expert Greensboro real estate company, give us a call.

Why Selling a House without a Realtor is a Big Mistake

Hand Coming Out Of Water

When you’re preparing to sell your house, sticking a “For Sale by Owner” sign in the yard and going at it solo might be a tempting option. But seller beware: selling a house without a realtor can be a big mistake. Sure, you might save that precious 6% commission in the short term, but if your home doesn’t sell at all, you won’t see a penny. Even worse, when you sell your house without an experienced realtor in your corner, you put yourself at risk for being given the bad end of the deal or even sued. If we haven’t convinced you yet, here are the top reasons you should never sell your house without a realtor.

You’ll likely be facing off against a buyer’s agent. 

Even though you’ve decided to handle your own real estate, the buyers haven’t. Savvy home buyers will almost always employ a buyer’s agent who can help them pinpoint the best deals, analyze where a home sits on the market, and identify a potential home’s weaknesses. When it’s time for the final negotiations, you’ll be heading up against a buyer’s agent who has years of industry experience. When you consider that the agent has sold hundreds of houses, and you haven’t sold one, it’s easy to see who will win the negotiation. You may end up receiving hundreds or thousands less than what your home is truly worth—and that 6% you saved by forgoing a realtor won’t be much consolation.

Buyer’s agents don’t like to show For Sale by Owner houses.  

Facing off against a buyer’s agent during the final negotiations is daunting, but most buyer’s agents won’t show a For Sale by Owner house to their clients in the first place. Since they won’t be reaping any commission for their services, as they ordinarily would, they have no incentive to show your home to their clients when other houses on the block will pay them for doing so. Additionally, For Sale by Owner sellers have a bad reputation within the industry, and can be viewed as unreasonable, unrealistic, and difficult. From an agent’s perspective, it’s much easier to skip the possibility of drama and only cooperate with other realtors, who are more likely to be professional and unemotional during the selling process.

…And you will be emotional.

You’ve loved and made memories in your home for a long time. Are you ready to deal with it being rejected time and time again by potential buyers? Are you ready to hear the negative comments from buyers and even agents about your home’s quality? Moreover, will you be able to handle negotiations calmly with the threat of a deadline looming over you? Even if you are a naturally calm person, selling a house is such an emotionally charged process that keeping emotions out of the sale is almost impossible for a normal human. And when emotions are involved, you might make rookie mistakes, like refusing to counter a low offer or giving in too easily. A realtor is able to remain removed from the process, so that all decisions are logical and rational.

You have a job, and it’s not selling houses. 

Selling a house is a full-time commitment. It’s not feasible to rush home from work every time a buyer wants to see your home, rapidly clean the house to perfection, and greet them with a smile while your boss wonders how long this is going to continue. Then there’s the fact that at the end of a long work day, you probably barely have enough energy to make dinner, let alone take advantage of every opportunity to market your home. An agent is able to devote the full amount of time necessary to sell a house, so that you never have to rush out of a meeting to answer a phone call from a prospective buyer.

You can’t see what’s wrong with your home 

Every home, no matter how beloved, has flaws. Since you live in your home every day, you’re accustomed to them, and may be oblivious to what might stick out to buyers as giant red flags. A real estate agent is an expert on what makes a house sell, and will be able to walk through your home with you and point out necessary changes in a helpful, informed way. If your house isn’t selling, an agent will be able to offer an industry perspective as to why. A real estate agent’s professional eye can more accurately identify issues and guide you to make improvements.

If you’re not careful, you could get sued

If you fail to disclose a hazard, nuisance, or defect in your home, and a buyer discovers it after they move it, they will be able to sue you. Since real estate agents also are responsible for disclosing information about property values, they are very familiar with disclosure laws and are trained to safely navigate the murky waters of real estate law. So much paperwork is involved in selling a home that it’s unwise to tackle it alone. A real estate agent will be able to sell the property without placing anyone at legal risk.

Your Greensboro Realtor

For over a decade, Ed Price Reality has managed countless of homes in the Greensboro and Triad areas. Whether you’re buying a house or selling, our professional real estate agents can help you get the best value for your budget. Click here to learn view our Triad listings, and give us a call to start the home buying or home selling process today.

Home Inspection Checklist: Exteriors

check-listIn our last post, we discussed the importance of performing a thorough home inspection to determine a home’s overall condition prior to purchase.

In order to simplify the home inspection process, we’ve divided our checklist into an Interior Checklist and Exterior Checklist.

Here is a handy rundown of things to look for when inspecting a home’s exterior, including the landscaping, structure, windows, doors, and roofing.

Grounds

  • No evidence of standing water
  • No leaks around septic tank or leach field
  • Yard, trees, and landscaping alive and well
  • No branches overhanging roof
  • Driveways, walkways, and patios in good condition, without cracks
  • Exterior structures (fences, sheds, decks, retaining walls, carports, etc.) free of rotting wood
  • Exterior structures free of termite damage
  • Railings on stairways and decks secure
  • All drainage directed away from structure
  • Automatic garage door operates properly and stops for obstacles

Structures

  • Board lines appear straight and level
  • Sides of house appear straight, not bowed or sagging
  • Windows/door frames appear straight and square
  • Visible foundation has no significant cracks
  • No wood-to-earth contact between ground and wooden materials
  • Wooden siding: no cracks, curling, looseness, rot or decay
  • Vinyl/aluminum siding: no dents, damage, bowing, or looseness
  • No vines growing on surface of structure
  • Paint: no flaking or blisters
  • No stains on exterior surface

Windows/Doors

  • Wooden frames and trim are secure; no cracks, rot or decay
  • Joints around frames are caulked
  • Windows: no broken glass, damaged screens, or broken storm panels
  • Insulated window seals
  • Drip caps installed over windows

Roof

  • Shingles: no curling, cupping, or loss of granulation
  • No mold, rot or decay; no shingles broken or missing
  • No more than 2 layers of roofing
  • Flat roofs: no patches, cracks, or splits
  • No silt deposits (indicates improper drainage)
  • Flashing around roof penetration; sealed tar at flashings
  • No evidence of excess roofing cement/tar/caulk
  • Eave areas have clean vents which are not painted over
  • Gutters: no decay or rust, attached securely to structure, joints sealed
  • Gutters: no bending, sagging, sections missing, or mud deposits
  • Chimneys: Straight, no damaged bricks or cracked joints
  • Chimneys: mortar/cement cap in good condition

Whether you are buying or selling your home, a home inspection checklist offers you an awareness of a home’s condition that can only benefit you in the long run. For more tips on buying or selling your home, contact Ed Price Realtors today to receive professional, experienced real estate guidance.

Home Inspection Checklist: Interiors

DIY home inspectionLast month, we posted 8 Steps to Buying a House, where we discussed the importance of a professional home inspection. If you’re a buyer, a home inspection can help you identify potential damage prior to purchase; if you’re a seller, a home inspection can also help you  sell your home faster.

However, it’s not always possible to hire a professional home inspector. For this reason, we’ve compiled this handy home inspection checklist to help you identify potential problems yourself.

If you’re ready to begin, grab some gloves, a flashlight, and a print-out of this checklist, and let’s get started with your home’s interior.

Attics

  • No stains beneath roofing, especially around roof penetrations
  • No evidence of decay, damage, or rot
  • Sufficient, properly-installed insulation
  • An adequate ventilation system
  • No plumbing, exhaust, or appliance vents terminating in the attic
  • No open electrical splices
  • Adequately ventilated crawl spaces
  • No moisture
  • No evidence of insect damage

Interior Windows and Doors

  • No stains on floors, walls, or ceilings
  • Floors, walls, and ceilings appear level
  • Flooring materials in good condition
  • No significant cracks in walls or ceiling
  • Windows and doors operate easily and latch properly
  • No broken glass, sashes painted shut, or rot/decay
  • Paint, wall coverings, and paneling in good condition
  • Wood trim installed properly and in good condition
  • Light switches operate properly
  • Adequate number of functioning 3-pronged outlets
  • Working heating/cooling source in each habitable room
  • Evidence of adequate insulation in walls
  • Fireplace: no cracks or damage, damper operates properly, flue cleaned and lined

Kitchen

  • No leaks in pipes beneath sink
  • No stains, mold or decay in cabinet beneath sink
  • Adequate water pressure in sink
  • No rust or deterioration in garbage disposal
  • Built-in appliances operate properly
  • Cabinets and drawers operate properly

Bathrooms

  • Working exhaust fan that doesn’t terminate in attic
  • Adequate flow and pressure in all fixtures
  • Sink, tub, and shower drain properly
  • Plumbing and cabinet beneath sink in good condition
  • No signs of rust in metal sinks, no leaks in overflow drain
  • Toilet operates properly, stable, no stains around base
  • Caulking in good condition around tub and shower
  • Tub and/or shower tiles secure
  • No stains or evidence of leaks around bath/shower

Systems

  • Smoke and carbon monoxide detectors where required
  • Plumbing: no evidence of leaks, stains, rust on water heater or pipes
  • Electrical: no exposed splices, all cables secured and protected
  • Heating/Cooling: good air flow, appears to operate well
  • Ductwork in good condition with no open seams
  • No asbestos on heating pipes, water pipes or air ducts
  • Clean air filters

To view the second half of our home inspection checklist series, click here.

Buyer’s Agents and Listing Agents: Understanding the Difference

Realtor house for sale

 

 

 

 

 

 

When you’re cruising through your ideal neighborhood and spot your dream house for sale, it probably seems like common sense to dial the number listed on the sign in the yard. But before you grab your phone, remember: that agent represents the seller, not you. As a buyer, it may be wiser for you to invest in a buyer’s agent: someone who works for your best interests, to ensure that you get the best possible home for the lowest possible price.

Here, we’ve outlined some differences between buyer’s agents and their counterparts, listing agents, to help you determine which type of realtor is right for you.

What is a Buyer’s Agent?

Buyer’s agents haven’t been around forever. They’re something relatively recent to the real estate industry; a new breed of agent that appeared partly as a result of the mid-2000s housing crisis. Unlike a listing agent, a buyer’s agent is exclusively invested in the best interests of the buyer. Although both buyer’s agents and listing agents are responsible for viewing properties, evaluating neighborhoods, and offering educated advice on property inspection and mortgage leasing, only a buyer’s agent can legally work to bring you the lowest sale price on a home.

Another advantage of a buyer’s agent is that they are able to legally share information about a seller’s position. This means that they can disclose information that may benefit you as a buyer, such as the reason the owner is selling, whether or not they have already located a new house, and how long they have lived in the neighborhood. Listing agents, on the other hand, are forbidden from sharing information that could compromise your final sale price.

So, what is a Listing Agent?

A listing agent, also called a seller’s agent, is a homeowner’s biggest advocate. When a listing agent starts working with a seller, he or she signs a written contractual agreement called an Exclusive Listing Agreement. Essentially, it states that the agent has a legal obligation to work on the seller’s behalf to get the best available terms for him or her. Some duties of a listing agent include:

  • Creating a marketing plan for the home
  • Commissioning professional photos of the home
  • Assisting in staging the house
  • Performing a comparative market analysis to find the fairest selling price
  • Recommending contractors to prepare the house for market
  • Coordinating and hosting showings

In general, a listing agent’s job is to make the home-selling process as easy for the seller as possible.

Listing agents are also legally obligated to share any information they learn about a buyer with the seller. If you strike up a conversation with a listing agent during a showing, any information you disclose could be used against your favor during negotiations. Are you relocating to the area because of the big salary increase you’ve received at your great new job? That’s valuable information to a listing agent; information they’re required to share.

Which should I choose?

Obviously, neither buyer’s agents nor listing agents are evil. Both are determined to help make the home buying experience as simple and rewarding as possible. Both have a passion for the real estate business; and both are very knowledgeable in the complex area of home buying. It’s just a matter of determining whose interests they are legally bound to prioritize. If you’re selling your home, a listing agent will help make your home as appealing to potential buyers as possible. And if you’re buying, resist the impulse to simply call whoever’s name appears on the For Sale sign, and invest in someone who will be primarily in your corner.

Here at Ed Price Realtors, we represent both buyers and sellers. Whether you’re interested in placing your house on the market, or finding the perfect home, Ed Price’s professional representatives are here to guide you every step of the way. If you’re considering buying or selling a home in the Triad area, give us a call today to get started.