for Buyers

Articles geared specifically or more towards home buyers.

Found 67 blog entries about for Buyers.


Buying and Selling a Home at the Same Time in North Carolina

So, you’re buying and selling a home at the same time in NC? It’s a scenario we see a lot. In fact, very few of our clients aren’t facing some kind of buy/sell timeline dilemma. Thankfully they’ve got options.

One of the services we offer our clients is guidance through complex transactions. At Hendrix Properties, we see our value-adds as our years of experience, our local real estate knowledge, and our outside-the-box thinking.

Here are your five best options if you’re simultaneously selling and buying a home in North Carolina.

 

Option 1 - Pay cash. 

Let's get the most obvious option out of the way first. If you can afford to pay cash for your next home, it’s an

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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

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As of the end of July 2017, the median price for a Charlotte area home rose again. The increase this month was 9.8% to a new average of $236,000. In the last year, that is an increase of $21,000. Inventory continues to be low, dipping almost 20% as compared to last July. This equates to a 2.6 month supply of home for buyers. Thus, the decrease in inventory seems to be informing the higher purchase price.

If you have any questions related to this data, or are ready to list, get in touch.

 

 

 

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real-estate-fiduciary-duties

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:

  • Loyalty
  • Confidentiality
  • Disclosure
  • Obedience
  • Accounting
  • Reasonable care

Loyalty

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

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zillow-zestimates

Errors Can Be 8% or Higher

Sites like Zillow and Trulia have revolutionized the real estate market. They combine technology and ease of use to get consumers more active in their journey to buy or sell a home. While technology has great benefits in modern life. That doesn’t mean it doesn’t have its challenges.

The reality of Zestimates

Zillow uses data to create Zestimates to estimate the value of property using many sources of public data. They use algorithms, which are mathematical equations that calculate and process data. Machines are processing the information. That may lead you to believe it’s more accurate; unfortunately, that’s not really the case here.

Because these are strict parameters there’s not room for the outliers of real

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Wonderful ranch style home in the popular Wedgewood North neighborhood in north Charlotte. With brand new hardwoods and carpet throughout, a large and flat back yard, newer heating and air and hot water heater (within last 5 years), and cul-de-sac location, this home will surely go fast. As of the date of this post, this is by far the best value for a ranch style home anywhere within a 10 mile radius including Huntersville, Cornelius or the 28216 zip code, in terms of price, location, and characteristics of the home. 

For a personal viewing, please call or text me (Chad Hendrix) at 704-737-4400 or email me at chad@hendrixproperties.com. Also, if you're a homeowner looking to sell, let's discuss that as well. No one will work harder to get the job done for

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You’ve heard of active adult communities before.

They go by a lot of names: 55+, Independent Living Communities, Age-Restricted…they’re all generally the same thing, and there are a lot of new developments popping up all over the country. Active Adult Communities in Charlotte are positively booming, and there are now over a dozen different developments in the area to choose from.

There are, of course, a ton of benefits to buying in a 55+ neighborhood! Pre-planned amenities, a built-in community of peers, and of course, no kids waking you up at 6am or hogging all the pool chairs. But what is life really like inside an active adult neighborhood?

Here’s what to know about living in today’s 55+ community.

Expect Growth

And by “growth” we

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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

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Did you know there are over 25,000,000 hobby golfers living in the United States? Thanks to an uptick in Baby Boomers, a surge in the economy, and a rise in golf as a popular sport, golf course communities are hotter than ever.

What do buyers want when looking at homes for sale in golf course communities? They want a great golf course or two, obviously, but they also want livable homes, natural spaces, and amenities galore. Found a golf neighborhood you think might be “the one?” Here are a few very important questions to ask first.

1. When was the community built?

You may not realize, but golf course communities have changed a lot over the last few decades. The older a golf community, the narrower fairways are likely to be. What does that

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Is it the right time to downsize your Charlotte home?
Unequivocally, yes.

We work with home buyers every week who have (smartly) decided that now's a good time to sell the family home and settle into something a little more manageable. What market-specific and economic factors make now a good time to downsize in Charlotte? We break down the factors one-by-one.

1) Charlotte is a very much a seller's market.
2) Developers in CLT are investing in Boomer-ready properties.
3) "Downsizing" is more economically viable than its ever been.

Charlotte: The Seller's Market to End All Seller's Markets

By far and away the biggest reason to sell your home and move into something a little smaller right now in Charlotte is that the market still favors

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