Monday, July 29, 2019 / by Jen Reed
Well into the dog days of summer, the real estate market is hot, just like the weather is outside.
Kirk Pugh jumps right into some numbers to see what that means to the real estate buyer or seller. If you are a seller today, whether you are getting a job transfer, moving to get closer to family, or needing to upsize for a growing family or downsize, the market is very much in your favor right now. "Absorbtion rate" is something that we talk about internally on the KBT Realty team. At what pace are homes that are put on the market in various price categories selling, and what is a reasonable expectation a seller can have for how long it may take to get their house sold?
If we look at the market by price point, Kirk suggests, up to about $350,000, in New Hanover county, assuming a house is in a decent location and in decent condition without too much deferred maintenance, there is a three month supply of inventory. On the spectrum of buyers-market, sellers-market, a h ...
Thursday, February 7, 2019 / by Jen Reed
Divorce is hard.
Navigating a real property settlement agreement shouldn't be.
Property transactions add a level of stress and complexity to any divorce. You need a realtor on your team. KBT Realty Group realtors have the expertise to deal with delicate situations firmly and compassionately - traits required to manage this process for you.
KBT Realty Group is an industry leader made up of a team of highly skilled professionals. We have risen to the top ranks of our industry by valuing the client and our integrity above the transaction.
We stay laser-focused on service, communication, marketing and expert negotiation; all of which results in our helping hundreds of families achieve their desired result each and every year. Our practice is primary focused on residential real estate; however, we are proficient in commercial dispositions, development, and investment property.
We operate our business from a position of gratitude and with a servant’s heart
At th ...
Friday, December 28, 2018 / by Jen Reed
Real Estate Market Update for Dec 2018 | Kirk Pugh, Broker Realtor
Let's go over some numbers as we approach the end of the year. The question I get everywhere is, "How's the market, how's the market, how's the market?"
We'll just give you a few statistics here because I'm a numbers guy. I read housing reports every month, and these numbers are through November, so it's relatively up-to-date. We will get reports back for December right after the New Year:
The rate of home price appreciation (HPA) has decelerated for 6 months in a row
The year over year price appreciation in our particular market is around 5.5%
It is projected to slow to a pace of right around 3% in the 2019 year
Existing home sales are down 2.1% year over year - homes that used and lived in
Pending home sales are down 4.6% as relative to year to date last year
New home sales are up 2.9% year over year, with a 14% decline month over month in October
Housing starts continue to climb 5.7% year over ye ...
Wednesday, December 12, 2018 / by Jen Reed
What if your real estate agent told you that any home buyer could become a cash buyer?
Sounds too good to be true, right?
Real estate brokers run across situations every day where a buyer doesn't have as much power with a deal that is being financed because of offer contingencies, or they are in competition with multiple offers - a situation that comes up quite often - on the property of their dreams.
If the buyer is a cash buyer, that helps get the job done
KBT Realty is promoting a new tool that makes it possible for pre-approved buyers to become cash buyers. This tool works in a wide variety of real estate buying and selling scenarios.
A buyer might own a house in Kentucky, for example, and they have found a house in the Wilmington NC market that they want to purchase. Or they could have a house in Wilmington that they need to sell in order to be able to buy a different house in the area. That's one situation: a buyer has found a house they want to buy, but they c ...