Even at the height of the COVID-19 pandemic, North Carolina real estate showed no signs of slowing down. Lake Park Union County, Charlotte, North Carolina, is still hot in the real estate market. So if you’re thinking of selling your Lake Park home, we can vouch that you’ve made the right decision.
If you want to sell your home in Lake Park Union County Charlotte, NC and take advantage of the booming Charlotte seller’s market, you will need the expert guidance of a local realtor, like Nancy Braun of Showcase Realty. With her proven methods, you are guaranteed to sell your home in less than 30 days!
To help you leap, let’s find out more about the Charlotte real estate market. We’ll also cover the best way to sell your home in Lake Park Union, Charlotte, North Carolina.
Is Charlotte Good for Real Estate?
Deciding to sell your home can feel daunting, but here’s some facts about Charlotte that should make you feel better:
Charlotte is good for real estate. In 2021, it was named the best real estate market in the Southeastern US! Realtor.com predicts that Charlotte, NC real estate will have a growth rate of almost 20% for home prices and sales increase.
Is Charlotte a Buyers or Seller’s Market?
Charlotte is a seller’s market in 2021. This is because of:
- Elevated median prices: home prices are up 10% across the nation and up 1.8% in Charlotte
- Tight home inventory: down 22% compared to 2020
- Low mortgage rates: ranging from the low 3% to 3.5%
- Stiff housing competition: 65% of buyers have not been able to buy a home in 2021
With this information, we can say that it is a good decision to put up your Charlotte, NC home for sale.
Should I sell My Lake Park, Union County Home?
Now, you may still be debating if selling your Lake Park home will be worth it. Here’s a few things you should know.
You should sell your Lake Park, Union County home as the place is one of the most sought-after locations in Charlotte, NC. Families, millennials, and seniors have abundant opportunities for social, economic, educational, and financial endeavors.
With a booming economy and a rising population, no wonder this award-winning city has one of the highest median house prices in Charlotte:
Lake Park Charlotte median house price: $224,000
Charlotte median house price: $193,000
With this in mind, Lake Park, NC homeowners who want to sell their property have the potential to earn a huge sum of money with the current seller’s market.
Will the Housing Market Cool Down Any Time Soon?
Due to a frustratingly competitive market, analysts predict that the market will soften some time soon. However, sellers don’t have to worry as it’s unlikely that Charlotte will become a true buyer’s market.
Charlotte home buyers are hoping that conditions become favorable for prospective owners.
Here’s what economists have to say:
Real estate price growth is possible in the coming years, but only if demand is steady and new construction increases.
While real estate listings are on the rise, total inventory is still not enough for seller demand. In June 2021, sellers were able to demand 12.7% more on median home prices across the US.
Where Do I Start When I Want to Sell My Lake Park Union County House?
If you’re 100% committed to selling your home in Lake Park, NC, you should start by seeking help to sell your home as quickly and painlessly as possible.
Here are the steps to selling your Charlotte home:
Step 1: Find a Trustworthy Real Estate Agent
As tempting as trying to sell your house yourself, the best way to give your home justice is to trust a licensed real estate agent.
You need to find the right agent who has a credible Charlotte real estate background. Once you do, building a solid relationship with your agent increases the likelihood that all your needs will be met.
Step 2: Home Valuation
Before putting your home on the market, you need to determine its value. This can be difficult for a seller, especially if there’s a lot of sentimentality and nostalgia!
A certified real estate agent can run a comparative analysis (CMA). This is a report that compares your home to other homes in your location, based on:
- Demand for similar homes
This will allow you to set a competitive price for your home based on fact and not emotion. In short, it’s an accurate prediction of what buyers are willing to pay for your home.
There’s something you should know:
Since Charlotte is hot in the real estate market, there is a chance that you can sell your home above the asking price.
To sell your home above the asking price, your buyer’s lender might hire the services of a professional appraiser. Your real estate agent can help you coordinate with the parties involved in an appraisal.
Step 3: Home-Selling Timeline
On average, homes in Charlotte sell in 30 to 90 days.
If you choose to work with trusted real estate agents like Nancy Braun, you can be guaranteed to sell your home in at least 20 days.
Nancy Braun Real Estate will incorporate revolutionary steps in a home-selling timeline that fits your needs and personal schedule.
- Outlining your priorities
- Hiring a home inspector
- Managing repairs and renovations
- Organizing open houses
- Deep cleaning
- And more
Step 4: Get a Pre-sale Inspection
Getting a home inspection can cost you hundreds of dollars, but it gives your buyers the confidence to open their wallets during negotiations.
Your real estate agent will make suggestions on what your home inspector should cover. Generally, an ASHI-certified home inspection will include:
- Electrical, cooling and heating, plumbing systems
- Doors, floors, windows, ceilings, walls
- Visible insulation
- Foundation and structural elements
Step 5: Listing your Home
After working with your real estate agent to stage your home, the next step is to list your home.
By working with a real estate agent, you can work with their:
- Solid connections
- Reliable online presence through the Multiple Listing Service
- The best strategy to market your home to buyers and agents
What do these all mean for you as a seller?
A great real estate agent will make up for the commission cost by increasing your pool of buyers.
Step 6: Negotiate and Close the Contract
Reaching a final purchase agreement isn’t as easy as it seems.
If you are not knowledgeable about all the details and paperwork involved in selling a home, it’ll be best to seek help from a licensed professional.
Real estate agents are trained to make sound negotiations on your behalf.
With the hot seller’s market in Charlotte, North Carolina, now is the perfect time to put your home on the market.
Here’s what you should know, though: Selling your home in Lake Park, Union County is a full-time job. A credible agency will also take the time to personalize solutions according to your needs as a home seller.
You will need the services of an experienced and credible real estate agent, like Nancy Braun of Showcase Realty.
You can rest assured that Showcase Realty will be by your side from the moment you decide to put your home for sale up until the deal is closed. Contact Nancy Braun today at 704-997-3794.