When Should You Sell Your Carolina Home?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (704)996-2613  for a FREE home buying or selling consultation

I want to thank everyone for tuning into my last show with my partner Brandon Colberg from Element Funding. If you have any more questions about his services or how you can secure a good home loan, please don’t hesitate to reach out to him or myself.

I also encourage everyone to send in any questions about the local real estate market, because I’m here to help make you a more informed consumer. I recently got a question from Kelly, and she wanted to know the best time to put a home on the market.

It’s May right now, and the summer months are always a great time to sell a home. We always see a lot of homes sell during the summer, but this year it’s especially true because inventory is so low. We’re seeing homes get multiple offers all the time, and if your home is priced right, you can sell for top dollar.

As we head into summer, there might be a little more competition, and this could hinder your home sale. Right now we don’t have many homes for sale, so you would face less competition and sell for top dollar.

If you have any further questions, please don’t hesitate to reach out!

What Does the Charlotte Market Look Like?

Buying a home? Click here to perform a full home search
Selling a home? Click here for a FREE Home Price Evaluation 
Call me at (704)996-2613  for a FREE home buying or selling consultation

Clients oftentimes ask me whether the current Charlotte market conditions favor either buyers or sellers. Right now, we’re in a seller’s market and we’ve seen this for over a year.

What does that mean for you? If you’re a seller, buyers are paying close to the listing price. Currently, we see a 3.5% difference in asking price and selling price. Depending on location and desirability, buyers should expect to pay close to retail price. For your offer to stand out, it should be competitive and aggressive.

Secondly, clients ask me how this happens. What happens to inventory to make it favor buyers or sellers? Well, we currently have three months of inventory and we don’t expect this to change anytime soon. Typically, a balanced market has approximately six months worth of inventory. For the market to favor sellers, inventory would have to be up to seven months and above.

How do these things affect the market as a whole? Prepare for multiple offer situations on more desirable homes. The market is competitive right now, so you should plan accordingly.

If you’re thinking about buying or selling a home in the surrounding Charlotte area, please reach out to me by phone or email today. I’d be happy to answer any questions you have! I look forward to hearing from you.