Morrisville

What is the Difference between a Buyer’s and a Seller’s Agent

February 13, 2016 by imusocialmedia

ambro couple (2) An important question often asked by Triangle home buyers or Triangle home sellers is: ‘What is the difference between a buyer’s agent and a seller’s agent?’

Knowing the difference between the two is not only important to selling or buying a Triangle house, but it could potentially save you thousands of dollars in the Triangle real estate market. Often both types of agents are highly involved in the selling of a home in Raleigh, Durham, Cary, Apex and the surrounding area and it is important that any potential Triangle homebuyer or seller have knowledge of the roles each type of agent play in the real estate market. Flat Fee Realty explains the differences.

A seller’s agent, or a ‘listing agent,’ handles the following aspects of selling a Triangle home:

Represents the buyer: First and foremost, they are the Triangle home seller’s representative. This means they are trying to get the best price and terms for the seller, and not the buyer.
Acts as a guide to prepare the home for sale. They usually make selling suggestions and help stage, photograph and show the house to potential Triangle area home buyers.
Shares home buyer information: Finally, a listing agent has the legal obligation to share with the seller any information that they find important about the potential buyers.

The buyer’s agent is responsible for representing the following aspects of the home selling process:

Understands the market place and the comps in the area and local neighborhoods: Ability to help get accurate inspections set up for the home that is chosen. Inspections can catch issues and repairs that could potentially cost thousands of dollars in the future.
Protects the buyer. A professional set of eyes and ears are needed to look out for the buyer. Buying a home is a major purchase and something people do quite rarely in their lives. A buyer’s agent will make sure all of the contract language and promises made by Triangle home builders are followed through and in the best interests of the Triangle home buyer.

Both the buyer and seller agents are frequent partners in the Triangle home buying process. Residents looking for change as we head more deeply into 2016 need to know that Flat Fee Realty saves both time and money. Cost effective commission fees are the norm and the level of professionalism is what is expected in this very popular marketplace. Call us at the phone number below or work with Flat Fee Realty today by visiting our website.

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Terry@FlatFeeNC.com

Photo: Ambro, FreeDigital Photos.net

4 Reasons Why 2016 is the Year to Buy a Triangle Home

January 28, 2016 by imusocialmedia

Many home buyers in the Triangle have been waiting patiently! They have been slowly saving their money; preparing, learning, and trying to decide when is the right time to buy a new home. This is the year! Triangle real estate professionals have repeatedly predicted that 2016 will be one of the best years for home buyers in Raleigh and the region.

Local real estate professionals consider many factors before determining how the real estate market will be in the future. Here is why 2016 will be a record year in central North Carolina.

Flat Fee Realty believes in the following key factors that we think will make 2016 a great year for Triangle and Raleigh buyers and sellers alike:

More houses will be on the market: One important local real estate trend in 2015 was the selling of homes that had positive home equity. This created a seller-friendly real estate market. It also, at times, increased the likelihood of a multiple buyers for one property which in turn solidified the asking price. More homes will be available in 2016.
Mortgage rates might increase in the coming year: While current mortgage rates are still some of the lowest in history, it is expected that the rates will likely rise. While it will still be possible to have historically affordable mortgage rates, buyers will be looking soon for a home.
Average rent rates are on the rise: Over the past several years, the average rent has risen for apartments, town homes, and rental homes all across the Triangle area and nation. With those rising rates, it is becoming more and more apparent that the best financial choice for many people in the Triangle is buying a home.
The availability of online tools: The access of information that the average Triangle home buyer has today is incredible, both in volume and accuracy. Buyers and sellers are more informed than ever. One such tool offered is our own from Flat Fee Realty, an online MLS listing service that enables home buyer and home sellers to bypass the expensive fees of realtors.

In 2016, buying or selling a home in the Triangle area has never been more defined as a process. Call us at Flat Fee Realty! With value-based fees, easy to use interface, and a service track record of success when it comes to buying and selling houses; Flat Fee Realty is the smart choice for home buyers and sellers.

Visit our website to get started today.
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This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Terry@FlatFeeNC.com

Photo: Hywards, freedigitalphotos.net

3 Big Mistakes When Selling a Home in the Triangle

January 18, 2016January 14, 2016 by imusocialmedia

FFR Website Photo The average home owner usually will move every 13 years. That is a long time to live in one place and a big chunk of a life experiences as well. At Flat Fee Realty in the Triangle, we understand completely that a house is likely filled with an uncountable number of family moments and accomplishments. All of these factors combine to create a great deal of attachment, sentiments and memories, all of which can make selling a home an emotional time.

It can be tough for local homeowners to make the decision to sell what has long been home. It is usually the right decision, especially in this 2016 seller’s market. Due to the fact that homeowners are very attached to their homes, they often can make big mistakes when selling.

Our Flat Fee Agents want the following three selling mistakes avoided:

Not taking care of the details: When potential house buyers are viewing Triangle area homes, they often see a home that is cluttered or disorganized. If the seller’s home is not neat and trim and things are out of place, potential buyers can only think what else might be wrong. Take the time to pretend to be a buyer and take a honest and frank walkthrough of the house looking for any reason not to buy; even better, ask a trusted friend or neighbor to review the home from every perspective as well.

Listing at an unrealistic price: The reason pricing is so important is it has been proven that properties that are overpriced, when first on the market, tend to close at a lower pricethan they would have if it had been even with all the comps in the neighborhood. We suggest that our agents get involved to help price the home correctly; Contact us at Flat Fee Realty to get the right listing for your property here in the Triangle.

Getting too emotional or easily offended: Don’t get upset if a potential buyer isn’t the biggest fan of a dark blue dining room color or if a potential buyer offers an unrealistic price that is not even close to asking. Instead, remember that everyone will not like everything. The goal as a seller is to be flexible enough so that the buyer will consider the overall value presented.

Selling a house in the Triangle is quite a big deal for everyone involved and it is indeed stressful. It is one of the biggest transactions that an individual will ever experience. Flat Fee Realty can help minimize mistakes when selling a local home. If this is the year to sell your home, contact the Flat Fee Realty team today! We make the difference!

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

The Future of Real Estate!

Flat Fee Realty

919 342 5230

Terry@FlatFeeNC.com

Photo: Flat Fee Realty

3 Skills that Make Real Estate Agents Great

December 23, 2015 by imusocialmedia

survey- tiramisustudios- freedigitalphotos.net All real estate agents have some traits in common. Of course, every one of them can show homes, negotiate contracts, and attend closings. They all have access to the MLS and can get buyers to look at their listings. However, there’s a world of difference between a great agent and an average one. The great agents are advocate for their clients.

The experienced agents at Flat Fee Realty want Triangle buyers and sellers to choose carefully. Below, we share three important skills that make a great agent:

The great will tell the inconvenient truths: Many agents tell their clients only what they want to hear, because they don’t want to risk losing a sale (or their commission). Unfortunately, glossing over problems doesn’t make them go away. Roadblocks in the selling process are very common, from negotiation faux pas to appraisal issues. A great agent will give you the straight news, and lay out no-nonsense options for moving forward.

The great will make the process easy and simple: To the outsider, buying and selling real estate looks easy. The fact is, many challenges occur behind the scenes, with buyers and sellers often unaware of any issues. This is what the experienced agent will do for clients. Excellent agents are proactive. This foresight is what allows the agent to pave the way for a smooth transaction for their clients.

The great will work hard, taking the time to do everything right for the client: By law, real estate agents are supposed to put client needs first. In practice, this doesn’t always happen (even if it’s unintentional). A great real estate agent should be able to fully explain their pricing and marketing strategy, taking into account the seller’s priorities (for example, selling quickly versus waiting for a higher offer). A great agent is interested in your ideal outcome, and if you are willing to wait for a better offer, they should be too.

Every home is different, and so is every real estate agent! The only way to find an agent to fit a buyer’s or seller’s needs, preferences, and personality is to meet several and compare. Properly vetting and choosing a great real estate agent will go a long way to making any transaction seem as seamless as possible.

To find out how an agent from Flat Fee Realty can be your best advocate in the buying or selling process, contact us today!

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

Flat Fee Realty

919 342 5230

Photo: tiramisustudio, Freedigitalphotos.net

3 of the Biggest Fallacies When Buying and Selling a Triangle Home

December 9, 2015 by imusocialmedia

stockimages-telling a secret-freedigitalphotos.net Myths, fallacies, and sometimes outright falsehoods abound in the real estate industry. These old wives tales are frequently circulated amongst unknowing buyers and sellers, making them think twice about buying and selling. Usually, a little research is all it takes to uncover the truth, but they staying power of these stories is still surprising.

The fact-finding real estate agents at Flat Fee Realty are determined to educate buyers and sellers with the right three facts:

A home must be updated to sell: With so much new construction in the area, it’s easy to assume that if a home doesn’t have walk in closets, a kitchen island, or a third floor bonus room, it won’t sell. However, many homes in extremely desirable areas don’t have these features, simply because they were built years before those features became trends. While the sales price may or may not take this into account, many times all that’s necessary is a buyer with a vision.

Condominiums and townhomes are harder to sell: Strictly by the numbers, it’s true that there’s more demand for detached, single-family homes, but those properties also usually appeal to a totally different market than their multi-family counterparts. The multi-family market is smaller, and financing restrictions can be tough to navigate, so be sure any professional involved is experienced with these types of properties.

New construction means no problems: A lot of buyers think, similar to purchasing a new car, opting for new construction will guarantee maintenance free living (at least for a few years). Nothing could be further from the truth. Quality of construction varies widely (inspections only check for adherence to building codes, not quality), and the unknowns of a brand new, unfinished neighborhood are numerous.

There are a lot of nuances to the real estate industry. Aside from that, trends, best practices, and laws are always changing. Perhaps that’s why most of these mistaken beliefs are so prevalent. It’s also why it’s important to have an expert agent assisting in the buying and selling process.

If you’re thinking about buying or selling a home, contact us today! Flat Fee Realty agents are waiting to make sure your decisions are based on logic, not urban legends.

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

Flat Fee Realty

919 342 5230

Photo: stockimages, Freedigitalphotos.net

4 Reasons to Sell a Home during the Holidays and Winter Season

November 19, 2015 by imusocialmedia

Gingerbread House- Serge Photography- freedigitalphotos.net As real estate’s super busy seasons wind down, it’s common for Triangle sellers to question whether the winter is a good time to sell, and if it’s worth it to leave their home on the market. Popular wisdom says to take it off the market and try again in the spring, but there are actual many distinctive advantages to promote a home on the market in December, January, and February. The expert real estate agents at Flat Fee Realty want home sellers to wisely spend their time, energy, and money in the cool months of North Carolina.

The professionals at Flat Fee Realty share four important reasons why it’s a great idea to keep a home on the market in winter:

Homes look attractive during the holidays: With admittedly fewer buyers making the rounds, it’s especially important to impress the ones who do show up. During the holidays, homes usually feel warm, look inviting, and smell good. Holiday decorations can do double duty for home-staging.
Most buyers look online first: Before the rise of the internet, the short daylight hours and the occasional wintry weather made it less likely that buyers would want to see homes for sale. Since the vast majority of buyers view homes online first, every day of the year is good.
There is less competition: Inventory in the Triangle real estate market is already low, and as the holidays approach, sellers will take their homes off the market for various reasons. That will make the inventory even lower, putting the sellers that remain at a big advantage.
Buyers are more serious: People move to the Triangle every day and every week, regardless of holidays or seasons. With the busy holidays on everyone’s calendar, only the most serious buyers will make room in their already busy weekends to see homes. Chances are, if someone is looking to move in the winter, they have the incentive to do so. The seller wins when buyers are motivated.

While the Raleigh real estate market does still have its predictable highs and lows throughout the year, the traditional seasonal distinctions are becoming less and less important. There is only one selling and buying certainty. A home that’s not on the market will never sell.

Is this the season to sell or buy for you? The real estate agents at Flat Fee Realty help buyers and sellers navigate current real estate trends and date to make only the best decisions. Contact us today!

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

Flat Fee Realty

919 342 5230

Photo: Serge Bertasius Photography, Freedigitalphotos.net

Top 4 “What to Do’s” for Using Social Media in Home Selling

November 6, 2015 by imusocialmedia

Almost everyone in the Triangle has a social media account on one of the top platforms like Google +, Twitter, and Facebook. Whether it’s used to keep up with distant family members, track ideas, find inspiration, or even find some childhood friends; social media is everywhere. And it is truly a positive aspect of our lives when used responsibly. These platforms can actually be serious tools for buying and selling homes. It is critical to get advice and guidance from our knowledgeable team of real estate professionals.

Take a look at the list below to find out how our agents at Flat Fee Realty share their ideas for successful home buying and selling:

Lay the foundation for the sale: There are some things you can do on your own to create social media pages for the Flat Fee listing, including professional pictures, a description, and maybe even a short video or virtual tour. Research and use hash tags in order to track buyers potentially relocating or looking for a property in the area.

Focus on friends: Don’t have thousands of friends, followers, or connections? Don’t worry. Take advantage of social media’s reach by sharing our Flat Fee Realty listing and asking friends to like and share with their friends too. This immediately expands the reach of a listing, without the stress and regret of indiscriminately adding random contacts.

Engage with followers: Hopefully, potential buyers will be “liking” the listing and commenting in just a day or two. Check the page every day in order to comment back, share more info, or answer any potential questions.

Don’t overshare: It might be tempting to vent about being ready to move out of the neighborhood, or asking for advice on negotiations, but resist the urge until checking with your Flat Fee Realty agent. Never risk giving away sensitive information that buyers could use to lower the sales price or gain other concessions. Once a house is under contract, you can delete the accounts.

New developments in the real estate market are happening all the time, and using social media to buy and sell homes is a tool many people use. Social media is a great way to expand the reach of your listing, create buzz about the home, and ultimately lead to a sale. Just make sure you work with your agent when you are contacted.

Social media can be an excellent sales tool, but it can’t work miracles and it does require a strategy. The Flat Fee Realty Team can help Triangle buyers and sellers focus their efforts for the maximum reward.

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

Flat Fee Realty

919 342 5230

Photo: ddpavumba, Freedigitalphotos.net

4 Important Truths about Selling a Home in North Carolina

October 22, 2015 by imusocialmedia

myth or fact- stuart miles- freedigitalphotos.net We offer an important fact. Most people find the unknown a little bit scary, and homeowners in the Triangle and North Carolina are no different. It is an exciting 3^rd Quarter in Triangle real market. And it might be the right time for many owners in Raleigh, Cary, Apex and vicinity to trade up. While envisioning a new home is easy, making the decision to sell a home is often difficult.

Our experienced real estate professionals at Flat Fee Realty share three very important facts about selling a home as we head to 2016:

Overpricing a home can help the neighbors more easily sell theirs: Every home for sale is in direct competition with other homes for sale in a neighborhood. If priced too high, it will never show up when buyers search in the range that it should be priced. It will show up in higher priced searches, along with a neighbor’s bigger, nicer homes. Not many buyers are willing to pay more for less.

Selling a home is often more than just a daily inconvenience: Every home seller has disruptions and inconvenience. Getting the home ready to sell; packing, and the interruption of daily schedules and activities are all part of moving. Keeping expectations under control will make the entire process easier.

Ignoring a home repair will cost more than the repair itself: Fixing a repair before a home is under contract is almost always easier and less expensive. Once a buyer notices the need for repair, they will use it to negotiate a lower sales price. They’ll think other repairs will be needed as well. They’ll want a bit more of a reduction to cover the cost.

Closing day is the final day: When closing day arrives, sellers must have all of their belongings moved out, leaving the home clean and in move-in condition for the buyers. Extra time isn’t allowed, unless of course a seller has negotiated this with the buyer. Of course, there’s a cost to this, as buyers will want financial compensation, or “rent”, if sellers want to stay in the home past closing.

There are countless myths surrounding the home buying and selling process, and sometimes it seems like everyone is an expert. This couldn’t be further from the truth. Experience counts in real estate. Working with a knowledgeable, reliable Flat Fee Realty agent is the best way to find out the straight truth about the sales process.

The real estate agents at Flat Fee Realty want to help Triangle buyers and sellers separate fact from fiction. Contact us today to find out the essential things to know before deciding to buy or sell a home.

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

Flat Fee Realty

919 342 5230

Photo: Stuart Miles, Freedigitalphotos.net

4 Important Traits that Help Sell a Triangle Area Home

October 8, 2015 by imusocialmedia

Sold House- Stuart Miles- Freedigitalphotos.net Almost everyone has heard at least one dreadful story about a real estate transaction gone awry, featuring a pushy, inexperienced or unethical real estate agent. So it’s no surprise that when home owners are ready to sell, some people in the Triangle decide to forego the agent relationship entirely and sell their home by-owner (FSBO). However, what they often fail to realize is that once that FSBO sign is in the yard, the owner IS the real estate agent (at least in theory).

That role comes with a lot of responsibility, and not everyone is naturally equipped to handle it. Brought to you by the top real estate agents at Flat Fee Realty, here are four essential personality traits a successful listing agent should possess:

A wide knowledge base: The Triangle real estate market is hyper-local and varies from neighborhood to neighborhood and even street to street in some places. Not only that, but it is constantly shifting. From the listing price to the marketing plan, specialized local market knowledge is a huge part of successfully listing and selling a home.

A bias towards extroversion: Being friendly and personable goes a long way, but it just isn’t enough when it comes to selling a home. A solid base of professional contacts and personal connections is an important part of bringing potential buyers into the picture.

Unfailing attention to detail: From the home staging to the paperwork, a good real estate agent is highly organized and able to dot the “I’s” and cross the” T’s”. Returning calls promptly, following up after showings, taking pictures from the best angle, and accurately completing complicated contracts are all areas that have the potential to trip up sellers who are not in the know.

Assertiveness: This can best be described as forcefulness tempered by a huge dose of politeness and diplomacy. A successful real estate agent is not afraid to speak up and advocate tirelessly for the best interests of their client, all while keeping emotions at bay.

Selling a home by private owner can work occasionally for some sellers. However, most of the time a frustrated owner ends up seeking the professional advice of a licensed real estate agent, after the home has been sitting on the market for weeks or even months on end. By that time, a dramatic price reduction might be necessary to renew buyer’s interest in a home that has been languishing on the market.

If the profile above doesn’t describe certain sellers, don’t despair. Whether you are thinking about selling on your own or seeking full-service representation, Flat Fee Realty can help! Contact us today for the most up to date information and guidance.

This post on selling and buying a home in the Triangle is brought to you by the team at Flat Fee Realty and is intended for informational purposes only.

Flat Fee Realty

919 342 5230