Monday, January 22, 2018

What is One Strange Way to Close the Deal?

As we have mentioned in the recent past on this blog, buyers are in the market place, interest rates are slowly increasing and inventory is still very tight.  The Triad MLS reports for December shows that on December 31, 2017, there were 5326 homes on the market in the entire Piedmont-Triad area of NC.  There is a three month supply - the lowest supply level in at least 12 years, if not longer.  As well, the percentage of sales price to list price is 98.3% which means sellers are receiving near asking price for their homes.

We have been in tight times before and we have always worked to think through different strategies to help both our buyer and seller clients.  For example, in the thousands of homes we have sold over the years, on several occasions we have asked our clients to write letters about the home - what they love about their home or why they love the home they want to purchase - and guess what...IT WORKS!  

Recently, the Wall Street Journal had a report about writing letters and how it improves the buyers opportunity for success while in multiple offer situations even if their offer is not the highest.  This strategy per the article shows the buyer is serious and improves confidence with the seller.  As well, and probably as important, it shows that there is a real-life person behind the offer.  

This strategy is one that can work as it has for us multiple times.  In times like this, you need to set yourself apart and this is one way to do that.

As always, we are happy to help!

Tuesday, January 16, 2018

Lisa Chrystie - the Consummate Professional

We are proud of Lisa Chrystie and her accomplishments - more about Lisa can be seen at Lisa Chrystie - Brooke Cashion and Associates

"When I think of “above and beyond” the first name that comes to mind is Lisa Chrystie! My husband and I were blessed to have been given Lisa’s name when we began the process of looking for a home for our family. From the first phone call, sometime in June 2017 (Lisa would know the exact date) when Lisa and I first spoke, she has provided the most smooth and seamless process in purchasing a home. She is beyond thorough and my husband and I named her “Inspector Gadget”. She has an Arsenal of tools and resources and could always find a solution to any issue or concern that we had. Not only did Lisa find us our perfect home, we were lucky enough to have her list ours as well. She was always available to assist us with any need, broken arm and all....scheduling, meeting vendors and contractors to ensure we were able to work with peace of mind. Lisa is a blessing to each and every person with whom she crosses paths and we are forever grateful to her. Love # teamdewkeeptheballrolling" Cheryl Dew

Tuesday, January 09, 2018

The Linville House...Open to Possibilities and Opportunity

If you have ever been interested in purchasing a great commercial property, here is your opportunity -  check out the information below on this multiple-use property.  If you have additional questions, please do not hesitate to let us know.

Brooke Cashion and Associates Expands...

Wednesday, January 03, 2018

What does 2018 have in store for real estate?

Welcome to 2018!  What an incredible 2017 that we had and we so very thankful to each and every one of our clients for the trust you put in us and our family and friends for all of the referrals you sent us this year.  It truly is humbling to have your trust.

2018 is potentially shaping up to be a great year for the economy.  However, there are some things that are ahead that we will ALL need to pay attention to and to have an idea about, so make sure you are working with a true professional REALTOR.   The following is how we at Brooke Cashion and Associates see real estate shaping up in our region of NC - Winston-Salem, Greensboro, High Point and Kernersville - the Piedmont Triad.

At the Allen Tate Companies, we are fortunate to have outstanding and experienced corporate leadership which is lead Pat Riley, our President and CEO.   Recently, Pat put together the views of Allen Tate Companies on how things are coming together for 2018 in NC and SC.  That short clip is below and well worth your time; pay special attention  baby boomers, millennials, renters and anyone looking to sell your home.

At Brooke Cashion and Associates-Allen Tate, we would also add a four thoughts, particularly as it relates the Piedmont Triad region.

-Housing Inventory - it is still tight and will likely stay that way for a while.  At the end of December 2017, there were approximately 5600 homes on the market in the entire TriadMLS - that is down approximately 20% from the end of 2016 and is currently about a three month supply.  Home prices are rising especially in the $125,000-$204,000 range. What this means is that now is a good time to make a move upward where there are more supply options.  Waiting until the spring market will likely put you in a less competitive position as there should be more inventory in this range to choose from, so if you have your home in good shape and move-in condition no would be a good time to get it on-the-market.

-Interest rates - we constantly stay abreast as to what mortgage rates and the mortgage application numbers are. As Pat mentioned in the video clip, mortgage rates are likely to go up.  We have already started seeing that, as currently a 30 year fixed is between 4-4.5% depending on loan amount and credit score.  We think we will be somewhere around 5% at the end of 2018 so again, if you want to move, now is a good time.

-Tax Reform - we are hopeful and optimistic about the tax reforms that were signed before Christmas 2017.  It is very difficult to look at each section of the bill individually and say this or that is going to happen, so it is our belief that it needs to be viewed as a whole and therefore, we think that positive outcomes are ahead.  Also, a few years ago, the state of North Carolina reformed the state code so in conjunction with those lower rates, which have started kicking in and still some homeowner and business protections, North Carolina and our area are poised for growth.  We are considered one of the fastest growing states in the country and the population is expected to be over 12 million in a few short years so therefore, we are hopeful this is good news for real estate, however, we need to see improved inventory numbers as well.

-Economic Development - our area has positioned itself very well for growth opportunities.  Political leaders, economic development leaders and others have come together in a positive way to help our region better compete.  We think a big announcement could be on the horizon so we are again optimistic about our region's future. We are seeing lots of road construction, lots of focus on workforce development and an improved labor market.  All of this helps with the real estate market.

Thank you again for all of your support, help and guidance.  Remember, these times call for professionals and those who work hard to be educated in this complicated field.  Make sure you are calling on someone you know that can handle and understand a complicated environment and give you the best and the most professional advocacy and be that trusted advisor.

Happy 2018!

**This blog and vlog about the market of things is intended to be accurate but any time you look into the future, things can change.**

Thursday, December 21, 2017

Thank you...

Thank you to all who participated in the "12 Days of Small Business" Campaign - it was a great success.  We believe that connecting others is very important.   Of the main ways that small businesses are able to grow, word-of-mouth, social media and referrals rank as some of the most important.  Our hope at this time of year is that you will consider helping each of these and other great small businesses, which is not only good for them and the overall economy but also you, as you will have many great new items and hopefully new friends!

We especially want to thank those small businesses who were so kind to donate special gifts for the gift basket.  Someone really is going to win some cool items and opportunities.  We want to share with you the final list of small businesses who helped with this - the drawing will be held tonight, December 21 live on Facebook - Brooke Cashion and Associates - Allen Tate - hope you will join us!



Monday, December 11, 2017

We are moving along....

We have posted on this blog in the past about the importance of a strong transportation network for not only our state, but our region and local community.  There are a lot of projects underway around our area of the state.  A lot of this is because the taxpayers of the state said it was ok to spend more money on our network a few years ago and some funding reforms were put in place which helped generate billions of dollars.  In the Triad area, we are big winners of these reforms which means a ton of key projects are well underway and that will result in a lot of new benefits and opportunities such as jobs and economic growth and improved mobility!

Pat Ivey, NCDOT Division 9 Engineer (Forsyth, Davie, Davidson, Rowan and Stokes County) has been a long-time leader in seeing projects from start to finish in NC.  He has lead many key projects around the state and is currently working on some very big ones in our area.  We had the good fortune of interviewing Pat recently on some key projects.  He is a great man with a lot of experience and we appreciate his willingness to share some timely updates.  These are very short clips but are packed with a ton of key information on timelines, good ideas and other important information.

I-74 (Northern Beltway) - could this "drive" a potential of 30,000 jobs regionally when complete plus Kernersville is a "hotbed" of activity!

Business 40 through downtown this really going to be completely shut down?

Holy cow - traffic is terrible on Main Street in Kernersville - will this project ever be complete?