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Wednesday, 05 March 2008 |
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The normal operating procedure in the
Raleigh Durham area is that Builders would not negotiate on New
Homes. That is no longer the case if you have recently talked to a
builder and he says his prices are "firm" then he is crazy. The
amount of homes available are continuing to grow and everyone has
to keep their sales volume up. The only way to do this is surpress
pricing and keep the deals rolling. Need help with a builder give
me a ring. Karl Zellman 919-740-2460
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Wednesday, 05 March 2008 |
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The Raleigh NC Real Estate Market has
changed. No longer are the days of Sellers holding out for asking
price. I have worked deals with sellers where they have discounted
a home as much as 4.5% and the house was on the market less then a
week. This is a new era for our market and buyers need to go in
with the idea they are going to ask for everthing. Need Help
negotiating a deal give me a call Karl Zellman NC Real Estate
Broker 919-740-2460
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Wednesday, 05 March 2008 |
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If you thought pricing was important
before. Buyers are looking for weaknesses in sellers. The biggest
clue is always days on market and if they have dropped their price.
If you overprice your house up front and it sits for 30,60 + days
and then you start dropping to get buyers you have now just invited
the bargin seekers in. They will come no where near your asking
price and if you have to move the property you will be forced to
sell below market value. How do you protect against this? First
make sure the house is ready for viewing before you start
marketing. Second the first 30 are the best possible chance of you
selling your house so price your house to sell. Check out the
competition and price your home below them. Don't let an over
enthusiastic agent talk you you into putting a big price tag on you
house becuase if it sits it will cost you thousands in the end.
Remember a little discount now or a big one later. If you need some
help with pricing and marketing of your home in the Triangle area
(Raleigh, Durham, Cary, Apex, Wake Forest, Knightdale, Morrisville,
Chapel Hill) give me a ring I will let know what the market value
is and what is the best way to market your property. Karl Zellman
Realtor 919-740-2460
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Wednesday, 05 March 2008 |
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I am a Real Estate Broker in the Raleigh
Durham Market. I had been using Title companies in the past to
close transactions because they were offering discounts for my
clients but I have recently gone back to using a Real Estate
Attorney. One major reason is that the reasons I started using the
Title companies were no longer valid. First off they had started
raising their prices and their customer service was starting to
slip as they were working on volume business. The other thing that
happened was the attorneys started getting more efficient as a
result of the competition. Now for the same price as a Title Co.
you can get a top level attorney. Plus if there is ever a legal
question that come up you have your attoney already in place. If
you need help finding a good Real Estate Attoney for Wake County,
Durham County, Orange Co. or Johnston Co. give me a call. Karl
Zellman -Real Estate Broker-919-740-2460 |
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Wednesday, 05 March 2008 |
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Raleigh, NC- Thes are the titles of emails
I am getting from other Real Estate Agents. Free Mortgage, Car,
Furniture, etc. The excess of inventory of new construction and
resales is making sellers get creative. Basic law of supply and
demand and right now the supply is far more then the demand. How
does this effect you as a buyer and seller? Email me any questiuons
you may have. Karl Zellman
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Wednesday, 05 March 2008 |
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Foreclosures are tempting to buy but are
you getting what you pay for? I have been working with distressed
properties for over 10 years and they are never as good a deal as
the look. Many first time buyers and investors are sucked in by the
media hype of making millions in Real Estate. When all they are
doing is feeding the machine with fresh sources of cash. Most
experianced Real Estate Agents do not know how to properly evaluate
a distressed property. They underestimate the repair cost and
overestimate the value of the proeprty after the repairs are
complete. TV has glamorized the process and guiding many first time
investors to financial ruin. Contractors will drag out repairs,
Real Esate agents suck up profits and renters destroy property. If
you are thinking about getting into the game make sure you have
done your homework. Remember if something looks to good to be true
it probable is. Please call if you have any questions Karl Zellman
919-740-2460
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Monday, 11 February 2008 |
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Finance has become an issue for many
buyers |
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Wednesday, 05 March 2008 |
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How bad are the builders hurting with
invertory homes? I spent the day looking at new construction (spec
homes) in East Raleigh, Knightdale, Wendell, and Zebulon. There are
certainly deals to be had out there, the builders have over built
and are now sitting on very nice houses. Those monthly interest
payments are starting to hurt so the buliders are now dropping
their prices and starting to offer crazy insentives. If you are a
buyer and are looking for deals in New construction this may be the
time to get the deal you have been looking for. Any questions give
me a call or email me. Karl Zellman-Realtor 919-740-2460
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Thursday, 06 March 2008 |
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Raleigh NC- Days on Market is one of the
best ways for buyers to find out how desperite a seller is to sell.
How do you figure out the days on market? Well on this site every
house listed has it's Days On Market listed on the details page.
The problem with that number is it may not be the true number of
days on market, there is a little trick that Realtors use to lower
that number. They pull the house off the market for a very short
period of time (one day) and then relist the property the next day
as a new listing. The Days On Market counter goes back to zero and
now all potential buyers think it is a new "Hot" listing. The only
way to see the true number of days on market is to have a Buyers
Agent Realtor go back and check the history of the listing. With
sales slowing down this marketing technique is being used more and
more so don't be fooled. Have a question about a property shoot me
an email -
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Thursday, 06 March 2008 |
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As the ACC Basketball Tournament approches
I am reminded of how great a place Raleigh is to live. We have it
all. If you like to travel you can get to the mountains or the
beach in just a matter of a few hours and if you need to get on a
plane you are no more then 40min away from an international
airport. We have awsome sports and entertainment. Three top
universities always offer great family entertainment and if you
want some pro action we have the 2006 Stanley Cup winning Carolina
Hurricanes. We have great food and you can't beat Eastern NC BBQ.
I have traveled all over the country but there is only one place I
would call home and that is Raleigh, NC. If you have any questions
about Raleigh feel free to shoot me an email.
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