When To Sell Your Home And Other Questions From The Mailbag
The Savvy Synopsis
Are you wondering whether you should sell your home in the spring or summer? Do you have an understanding of the costs that come with selling your home? Have you ever considered building a pool in your backyard? Angie tackles these questions from the mailbag. She'll also highlight one of her favorite Wake Forest neighborhoods.
2:43 - Mailbag: Selling in Spring or Summer?
- Skylar in Apex wants to know whether to sell her home in the summer instead of the spring.
- Angie says it's a crazy busy market right now in the Triangle.
- The spring market usually leads to a slightly higher value with more competition and urgency.
- School systems play a factor in finding a home before school starts again in the fall.
5:56 - Mailbag: Cost of Selling a Home
- Josie in Raleigh asks how expensive it is to sell a home.
- Angie says her team will share comparables and a net proceed sheet after all is done.
- In North Carolina, typically the seller pays total commissions.
- Some fees to consider include: tax revenue stamps, seller doc prep fee, courier fee, HOA transfer fee, prorated taxes.
- Repair negotiations might arise during the process as well.
9:40 - Mailbag: Building a Pool
- What kind of pool will give you the best chance of a return on investment?
- Angie never suggests putting in a pool if you plan to move within the next five years.
- The value of pools may be worth something to some buyers, but other potential buyers might hate it.
- An inground pool is preferable to an above ground pool.
12:20 - Mailbag: Recommended Neighborhood in Wake Forest
- Kirk in Clayton is moving to Wake Forest soon and wants his kids to be able to walk to school. He also wants to be near a grocery store and stay within his budget of $450,000. He's looking for the right neighborhood.
- Angie recommends Heritage of Wake Forest, a development with homes of all different styles and price points. It's located on a golf course.
- There are lots of shopping options, schools, and amenities in Heritage.
0:40 - Closing Recap
- Angie shares about out-of-state clients who are in the army and move often.
- Vendors were able to get the home show-ready quickly.
- Multiple offers came in on this house in Fuquay-Varina, and it got a great price.
Get In Touch:
Angie Cole - Contact - Call: 919-538-6477
It's time for The Savvy Realtor Podcast. I'm Walter Storholt alongside Angie Cole the owner and broker in charge of A Cole Realty serving you throughout the Triangle teaching you about the ins and outs when it comes to buying or selling a home. You can find the team online by going to A Cole Realty dot com that's A C-O-L-E Realty dot com or by calling 9 1 9 5 7 8 3 1 2 8. That's 9 1 9 5 7 8 3 1 2 8. And now it's time for one of the top realtors in the Triangle. Angie Cole and The Savvy Realtor Podcast.
Well it's the Closing Recap here on The Savvy Realtor. Here's where we just sit down for a story from Angie about a recent buyer seller she was able to help in the home buying and selling process. Angie what's been going on.
Yes. So we had wonderful clients who were actually referred to us from another real estate agent who is local in the area but he's kind of step in I'm out of the business to go a different career route and so is great that he made that connection. So congrats to Michael and Lauren. They actually they live out a state they are in the Army and they're moved quite often and they've owned a home in Phoenix way for quite some time actually was empty. Lawn bought it on her own before her and Michael got married. So they approached me and asked for me to run with it when I say run with it. I had my carpet guys come in there I had my painters I had the home power wash I took care of everything for them and unfortunate I've never had the pleasure to meet them. So we did everything from afar as far as everything over the phone. I had all of my vendors come in there take care of you know getting home show ready. We quickly got it on the market and we got it under contract. Super super fast and they are just ecstatic and amazed with how easy the process was and the price that they got for the home as well we end up having multiple offers on that home and Parkway. So congrats to Michael and Lauren. It was great meeting with you guys and congratulations on your new one too. They just had a little baby.
Oh that's exciting. Always good to see your firm able to help folks here in and around the area and of course if you're trying to sell your home here in the area a great place to start is quite simply to find out the value of your home in order to do that. You can text the word listing to 5 5 5 8 8 8.
That's the word listing the 5 5 5 8 8 8. If you're getting ready to sell your home here in the future you want to know what your home is worth what you set reasonable expectations and that's an important step in this process. All you have to do is text the word listing to 5 5 5 8 8 8 get the value of your home since straight to your phone. That's the word listing to 5 5 5 8 8 8.
You were listening to the savvy realtor with Angelo.
It's time for the mailbag. We want to hear from you.
Well we do love to take your questions here and feature them on the show.
If you have a question feel free to submit at the engine the team and who knows we could be taking your question from the mailbag. Let's take a question now from Skyler in Apex who says Angie. How do you think the market will do for sellers this spring. Would it be okay to wait until the summer to sell my home or should I go ahead and get it ready now and a few weeks.
Yeah. Great question Skyler so run with it and let's get it on the market. We have already entered I would say into the so-called spring market and it is crazy out there. I was just telling you Haywood that we just put a home on the market and we already had around five to six offers first day of being on the market so crazy busy market right now. It's a known fact that when you list your home in the spring market you typically get just a tad bit higher of a value. And I would say the reason being is because there's a lot more buyers that enter into the spring market. And so if we have more buyers there's more competition it creates urgency. And so then we get a higher sales price so. Skyler I would not waste your time with getting your home on the market also in certain areas I know depending on the person that's looking in that area school systems might be important to them. And so oftentimes waiting too long into the summer months they wouldn't have the option to go to the school because the schools maybe are then maxed out of where they'd want to send their kids to. So most families I tend to find they try to get into a home before summer approaches just so they know where their kids will be placed so go ahead Skyler let's get your home on the market sooner than later.
And so most of the times it is most important to sellers to know what the value of their home is right or otherwise it might not make sense to make that move. And so Skyler we would love to share a very neat feature that we have that you can do it as quickly with your smartphone. So if you're thinking about selling your home even this year and 2019 you can get an idea of what you could list your home for in today's market by taxing the word listing to the phone number 5 5 5 8 8 8 and make sure that you don't stop there because we are going to respond back. We will send you a text with a link. Make sure that you click the link and you input your address. And from there we can give you an idea of what you can get your home sold for in today's market. So just text the word listing to the phone number 5 5 5 8 8 8.
Again that's the word listing to the phone number 5 5 5 8 8 8. That's the word listing. Just put that in the message field send it to the number 5 5 5 8 8 8. And as Andy said here's how it works. They send a link back to you. Go to that link put in your information and you can find out the value of your home it's a great first step if you're getting ready to get your home on the market making a move this spring or even as we approach summer I was thinking of that while you were talking Andy Summers right around the corner at this point hopefully it doesn't skip straight to that 90 degree weather. But if you're looking again to find out the value of your home that's a great first step in the selling process. Just text the word listing to the phone number 5 5 5 8 8 8. That's the word listing to the phone number 5 5 5 8 8 8. Let's take another question now from Jose over in Raleigh. Jose says How expensive is it to sell a home these days trying to formulate my budget and see how much money we'd have for the next home purchase things.
She says Yeah you're welcome in Havana.
You know Jose it's always a great time to go through that in further detail when we do an actual listing presentation and that's something I always come prepared with is not only do I share comps or comparables to give you an idea of where we should list your home and what you would actually get as far as an offer price but I also will share with you a net proceeds sheet. And so make sure any agent that you're working with they have disclosed to you a net proceeds sheet because it's great to know. Oh I can expect to earn a fifty thousand but what does that really mean when we're said and done and we get to the close table. So things that you can expect whenever you're formulating your budget is of course there's going to be a marketing fear commissions. Remember in North Carolina the norm is that the seller pays total commissions so that means not only are you paying for the agent who's listing your home but you're also paying for the buying agent that recurs the buyer. So you have that expense you then will have your tax revenue stamps. So those are point two percent of your purchase price that is required by law in North Carolina.
You then have your seller Doc prep fee my attorney. He charges 150 dollars. We have kind of like a courier fee a recording fee. Also the wire of your proceeds and that's typically around 100 dollars. You also if you have an HSA in your neighborhood some HSA companies are now charging a transfer fee. I think one started it and the rest kind of ran with it. So that would be a seller of expense. What I typically see there is again about one hundred dollars at max and then the only other main item you have there would be your prorated taxes. Just remember that if the tax bill has not been paid for the year you will need to credit your portion of home ownership to the buyer. Because more than likely the buyer or the buyer's lender will pay the total tax bill. So that's all of the items that we will discuss and go over on the net proceeds sheet. Also throughout the process whenever it comes to selling a home you know there are repair negotiations that will come up. You know I don't ever have an exact number for those just because it is negotiated but that is something that is important to remember whenever we're going throughout the process.
So Josie it sounds like you are in the beginning steps of thinking about selling your home and our team with a cold reality. We would love the opportunity to meet with you for listing presentation. Typically takes about an hour hour and a half and at that time I can tell you more about myself. Tell you about our team setup. Go through my whole marketing plan and then like I mentioned share comparables and a net proceeds. So just give you all of the information so you are prepared to take take the next steps and be fully educated on the process. So Jose if you like to schedule a listing presentation or just anyone who's listening. My cell phone number is 9 1 9 5 3 8 6 4 7 7 you can call me you can text me I'm always readily available. So once again if you would like to schedule a listing presentation just to get an idea of what your home is worth in today's market and to walk through all of the steps of selling a home give me a ring my number is 9 1 9 5 3 8 6 4 7 7.
Again the number to call or text is 9 1 9 5 3 8 6 4 7 7. That's 9 1 9 5 3 8 6 4 7 17. Call that number or you text that number but go ahead and get in touch with Angie and the team at Echo realty to schedule your listing presentation. It's a great way to take some of the first steps as you prepare to sell your home again the number to call or text is 9 1 9 5 3 8 6 4 7 7 9 1 9 5 3 8 6 4 7 7. All right. You says we want to build a pool at her home but we're probably going to move away from here in five years or so. What kind of pool will give us the best chance of getting a return on the purchase. And is there a preferred style here.
That's such a tough question because I know you're excited about your pool but I would never suggest you putting or installing in a pool knowing you're going to move in the next five years. Reason being is I cannot promise that you are going to get a return on that pool I have. I feel like I've asked my appraiser friends and vendors that we use this a million times like what is the value that you give pools and they all give me the same answer and they say zero dollars to a pool is one of those things that it can be worth something to one buyer. Were other buyers might completely hate the idea of a pool right. I'm maintaining I know I'm personally one of those people. Now I love the idea of living in a neighborhood where the clubhouse has a pool right like it's a shared neighborhood pool. But to have my own pool like I do not even want that magnet. So you know and you mention you know. So what kind of pool I mean of course I would say it in ground pool would be more preferred versus an aboveground pool and of course with restrictions on your neighborhood as far as the covenants go.
Some neighborhoods don't even allow an aboveground pool so you need to do some research there. As far as a preferred style I mean I don't have an answer there even puts in being say I love great yes. Yeah. Yes. Is there no research right. I mean there could be you know circular being shaped Brick. I don't know that there is a preferred style in any way. That's not something I've gotten enough feedback from our buyers on what style they prefer. Like I can't ever say that I've had a buyer say I must have a bean shaped right. Right. It's maybe I must have a pool or the option to have one but not the preferred style so he what I suggest is really think this through. I know you're excited about installing a pool but if your goal is to move within the next five years and you want to get a return back don't do it. OK. But if you go into this knowing that I might not make the money back from this installation of the pool run with it and enjoy it. Sure hope that was helpful.
Yeah I know my aunt my uncle did that. He was a contractor and he said You know I know this isn't going to add value to the home Blackley. I just want to pool in the backyard and there's nothing wrong.
And if you want it enjoy it. But don't go into it. You know hoping or expecting to get the full return back on it because that should not be your expectation right.
You're investing in your family at that point in the house the luxury.
Right. It's not an improvement where you're going to get this return back.
I certainly hope that helps you. And I'll tell you what if you put a lazy river back there then maybe in five years I'll come and take a. You guys we have a buyer for you. Let's take another question from Kirk in Clayton who says we're moving to wake forest soon. So moving kind of the other side there. I'd love to live in a nice neighborhood where my kids can walk to their school. Being close to the grocery store is important since it seems like we're always there. Our budget is right at 450. Do you have any suggested neighborhoods or areas we should check out.
Yeah I'm so in Wake Forest and if you know of Wake Forest you've probably heard of this neighborhood I'm about to mention but I absolutely love heritage heritage of Wake Forest. It is a huge. Plan development. Neighborhood. I mean they've been building for at least I would say 13 years maybe now in that neighborhood. Thousands of homes all different styles all different price points they have. I believe it's now two pools don't let me to that maybe three. Two polls.
It's on a golf course. And then we have all of that shopping we have shopping we have restaurants. I think there's a Walgreens. We have the schools that are there within the heritage area along with preschools and so to me I just absolutely love the heritage neighborhood. I think they'd be a nice neighborhood for you to check out specially knowing that you know walking to schools is important to you and depending on where you're at within the neighborhood that could be doable. And also you know wanting the grocery store to be nearby because you guys seem to go there quite often. I know how that goes but here it is kind of like its own little town within Wake Forest. I always like to say really I mean if you live in heritage you don't even need to go outside of heritage. There's everything there.
Right. Right. Those neighborhoods always fun I think because you've got everything you need right there so you don't have to worry about you know driving 10 15 minutes to Costco or Target or wherever you're trying to go. But at the same time you are right there in the midst of the triangle where everything's right nearby.
Oh yeah same time. Right. Right. And there's so much to do in at Wake Forest as a whole and then of course you're not that far from you know Raleigh as well or so. Great great location overall love Wake Forest and I love the neighborhood heritage.
So maybe you are living in heritage and I might potentially now have a buyer for you because we're trying to get Kurt to come your way but whether you live in it heritage or just anywhere in the Triangle and surrounding areas our team we service I would say about an hour radius from Raleigh so we go be on Wake Forest go further north. We go way down south. You know we really service most of the Triangle area.
You've been listening to the savvy real tour podcast. I'm Walter store Holt alongside Angie Cole. She's the owner and broker in charge of ACO realty here in the Triangle and if you have questions for Angie we invite you to go online to a cold realty dot com. Listen to past podcast episodes on the Web site read the blog and all the great information including the option to find a home right there on the Web site. That's a cool realty dot com and you can also call ante with your questions. 9 1 9 5 7 8 31 28.
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