If you are in the market to sell or buy a property, you may have some incorrect misconceptions. We decided to debunk some real estate myths that may be impacting your search. Consider these as guidelines for buying and selling.
Myth One: Listing your home for more than what you expect to receive will net you the price you want.
This is often considered room to negotiate. But it’s a mistake you don’t want to make. Listing too high may actually net you a lower price. Why? Because buyers and agents often won’t even look at homes priced about market value. You always have the option to reduce the price after a few weeks, but that’s not a situation you want to be caught in. A price reduction can signal to buyers that there are problems. Even in a low…
How to Make Your Unit Stand Out
If you're considering selling your Charlotte condo or townhome, you may find it hard to differentiate your property. Most units within a neighborhood have the same layout. The only difference may be the size and number of bedrooms and bathrooms. The amenities, location and exterior are all the same. So what will make your unit stand out? How can you get the best price?
Most condos and townhomes aren’t spacious. But there are different elements you can add to maximize functionality. These elements can also add design and style. This can make all the difference in selling your Charlotte condo or townhome.
Barn doors are very popular right now. They are a great blend of function and style. Use a barn…
When you enter into an agreement with a real estate agent, the agent becomes a fiduciary. A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. Real estate fiduciary duties, in simple terms, define how an agent should work on the behalf of a client.
The National Association of Realtors (NAR) identifies six main duties of a real estate fiduciary:
- Reasonable care
This simply means that an agent should always be working for your best interests, not anyone else’s or their own. This also means avoiding any conflicts of interest. An agent’s duty of loyalty prohibits him or her from accepting employment from…
Charlotte isn't exactly known for being a biker's paradise, but we're working on it.
The city's made huge strides in the last few years to become more bike-friendly, from community events to better bike lanes to a popular city-wide bike-sharing system. Whether you like to bike to work, ride the trails, or cycle for exercise, there's a bike-friendly neighborhood in Charlotte that will work for you.
Where are Charlotte's most bike-friendly neighborhoods? If you're looking for a house that can serve as your launching point for some serious bike adventures, consider these six 'hoods. You might be surprised.
1. Plaza Midwood
Plaza Midwood has a lot of superlatives: The "trendiest," the "foodiest," and the "coolest" neighborhood in…
HOAs are an increasingly common fact of real estate.
HOA stands for “Home Owner's Association.” The term is often used as shorthand to describe the monthly/annual dues paid to said association (i.e. “The HOAs at this place are high!”) Many developments in and around Charlotte are HOA-governed.
What are HOAs, Exactly?
Great question! HOAs are usually formed when a developer builds a multi-family residential property. This kind of "property" can manifest in several ways: A condo building; a townhome complex; and even a planned neighborhood of single family homes. The Home Owner’s Association (specifically, the HOA bylaws, a lengthy set of provisions for the community) provides structure to the community, outlining rules and regulations as well…
A no nonsense review of due diligence and earnest money in the NC Offer to Purchase and Contract
In 2011, the North Carolina Real Estate Commission introduced a revised Offer to Purchase and Contract (always seeking to protect consumers) and with that, a new term called "due diligence." Well, change doesn't come easy, and this new concept and contract came with its own challenges for many NC Realtors either. However, once you understand it, it's pretty cool and is definitely designed to protect both real estate buyers and sellers.
Prior to 2011, "earnest money" was the only money that was paid up front.
Earnest money was put in place primarily to show "earnestness" from the buyer and as a way to compensate the seller for…
Buying a house is complicated enough. The mortgage process only makes things harder.
We help dozens of clients navigate the complexities of buying a home in Charlotte on an annual basis; mortgages are usually the most treacherous part. The mortgage process is most likely to hold up - and even sink - an eventual sale.
Are you buying your first home in Charlotte? Or maybe you're back on the market again? Here's a quick primer on the steps behind getting a mortgage in Charlotte, from pre-approval to closing fees.
Choosing a Lender
Let's start with some facts: Charlotte's real estate market is white-hot which means you've got more competition from other homebuyers than you've had in years. For that reason, most sellers prefer to see a…
Are you researching high schools in Charlotte?
Charlotte Mecklenburg schools are some of the best in the state, but like any huge school district, the quality varies from school-to-school. There are dozens of variables that factor into how "good" a school is at the end of the day, and of course, that superlative is totally subjective. Please note that Hendrix Properties is making no claims about what we think is best or most - we just want to pass all the relevant information along to you that our clients have found helpful in the past.
What makes a high school "good?" Attributes like class size, facilities, faculty experience, and AP classes offered are all part of the puzzle, but they're just a part. These are the six "best high schools in…