Mailbag: Where Are Home Prices Headed?

What can you expect when it comes to listing or buying a home when it comes to the price? Angie answers four questions from the mailbag related to home prices and preparing to buy a home on today’s show.

Frank in Raleigh talked with a realtor a few months ago about what price to list their home. Since then, they have been making home improvements, but will the estimate be what was quoted then or are they in for a rude awakening? Angie says there has been a shift in the market. You might need to be more aggressive with the price point now, focusing on comparables in the area as well as active competition. If you need a second opinion, reach out to Angie Cole and her team!

Rich in Chapel Hill wants to know how long it takes to get pre-approved. Angie explains the difference between getting pre-qualified and pre-approved and what the process looks like. They like to recommend working with mortgage lender Jonathan Ellis

Pamela in Durham is hoping that home prices will slide down further and plans to wait it out. Is this a good strategy? Angie says there’s still a steady increase in appreciation, it just isn’t as aggressive as last year. So, don’t delay!

Finally, June in Wilmington saw a stat regarding single women being able to buy a home alone. How can she make her dreams of owning a home a reality for her and her young son? Angie would love to discuss further how to guide you through the process, whether that means figuring out how to raise your credit score or how to find the home you want at the right price. 

Listen to the entire episode or skip to a particular question using the timestamps below.

0:38 - Mailbag: Will the home list price be different than estimated a few months ago?

4:30 - Mailbag: How long does it take to get pre-approved?

5:48 - Mailbag: Should I wait until home prices go down to buy?

6:52 - Mailbag: What resources do you have for single women to buy a home?

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The Host:

Angie Cole - Contact - Call: 919-538-6477

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