By Heather Morse, Contributor
Charlotte has a very active real estate market with a diverse number of homes for buyers to choose from. Homes that are priced correctly from the start will sell more quickly and draw more attention from potential buyers. Many home owners believe that it is better to start high, as a potential buyer will make an initial low offer or try during negotiations to bring the sale price down. Correctly priced homes bring in more buyers, tend to have initial offers closer to the asking price and make for an all-around friendly and positive real-estate experience for both the buyer and the seller.
What is on the market in Charlotte right now? There are presently 42 single-family homes for sale in Charlotte and five homes currently under contract. Last year, 28 single family homes were sold, and the average sale price of those 28 homes was $531,827. The average number of days on the market was 52.
There are many decisions to make when you decide to sell your home. One of the key points is determining the best price for your home and how to get the most money in the current real estate market. When determining your list price, you should compare your home to other similar homes that have recently sold. Over the last few years, the real estate market has been more favorable to the buyer than to the seller; it’s a “buyer’s market.”
In listing your home realtors will reference current listed homes and recently sold homes to help you decide on a competitive list price. They will do a market analysis and target specific properties that share the same features and condition as your home. They will take into account, square footage, number of bedrooms and baths, land, location, age and condition. Once comparable properties have been selected your agent will use the sale price of those homes to best determine the value of your home in the current market.
There is great news for buyers looking in Charlotte and for anyone contemplating selling their Charlotte home. Charlotte currently offers a wide variety of homes ranging in price between $189,900 and $4,295,000. The square footages range from a compact 952 square feet to a grand 7,296 square feet. The land parcels they are situated on range from 0.07 acres to 134 acres. There might only be 42 Charlotte listings, but each home is unique in its own way and will satisfy even the most diverse search criteria, including the first-time homebuyer to the most seasoned homeowner.
Happy spring. It’s a great time to get that house on the market or to shop for your new home! If you ever have any questions, don’t hesitate to ask! Email.
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