J.D. Power ranked RE/MAX #1 in Buyer & Seller Satisfaction

I didn’t make this up…I am just spreading the word. Independent study of consumers was just released awarding RE/MAX #1 in both Buyer & Seller Satisfaction.

As the saying goes, “if nobody knows, than nobody cares”.  Well, I am doing my part in letting people know that this is a big deal!  We just won two awards based on customer satisfaction.   RE/MAX received the highest numerical score among full service real estate firms for home sellers and home buyers in the proprietary J.D. Power and Associates 2011 Home Buyer/Seller Study.

Cool refi calculator helps you determine if you should refinance…

Enter your current mortgage rate, how long you plan to live there, etc  and the calculator determines how far interest rates need to fall before you should refinance again.

I have a 4.5% interest rate and I was considering refinancing again to get a 4% rate.  Turns out, bad move.  If you have similar thoughts, I recommend checking out this calculator.  Visit it at http://zwicke.nber.org/refinance/.

Raleigh, NC- Real Estate Update for April 2011

The April home sales report for Raleigh, NC and the rest of the Triangle was just released and we saw a 13% decline year over year in home sales.  You may think, how can economists say that the real estate market is improving when the market experienced a double digit drop in sales?  Quite simple, last April the $8,000 tax credit that the government provided to first time homebuyers was in it final days.  Therefore, we saw a spike in purchases amongst first time homebuyers trying to take advantage of the tax credit before it expired April 30th, 2010. 

To hear the April home sales update for 2011, watch the interview with Stacey Anfindeson, a real estate analyst for the Triangle MLS:

Five Points Newsletter March-April 2011 is out!

The Five Points in Raleigh, NC Real Estate Update for January-February 2011 is out.

To view: the resale value of renovation cost article.   

To View information regarding all of the homes that have sold in March and April as well as some of the best deals on the market. Go to Five Points newsletters.

Remodeling Cost vs. Resale Value

This article pertains to home remodeling in Raleigh, NC.  The 2010-2011 study released by HomeTech last month reported numerous renovation costs and its added resale value to the home.

What remodeling projects bring the highest return?

First impression matters!  Of the top 5 greatest return home upgrades, the top 3 winners this year can be categorized in the “curb appeal” department.  Coming in at number 1, the front door.  In the Raleigh housing market, spending a few extra bucks to get a high quality front door is well worth the added cost. 

One my favorite upgrades that appeared on the list is replacing siding with fiber-cement (often known as hardiplank).  Many homes that were built in Raleigh in the 80s and 90s were constructed with hardboard siding (often known as Masonite).  This material is known to rot if it is not caulked and painted every couple of years and it finds its way on every home inspection repair request. 

Here is the top 5 projects to your home that rake in the highest bucks are:

  1. Replace the old front door (cost recouped 102.1%)
  2. Replace the garage door (cost recouped 83.9%)
  3. Replace the siding (cost recouped 80%)
  4. Kitchen Remodel (cost recouped 72.8%
  5. Deck addition (cost recouped 72.8%)

Check out the latest study for the cost of a remodeling project as compared to the added resale value. Go to remodeling cost vs. resale.

Wilson Crow is a top selling Realtor for RE/MAX Capital Realty in Raleigh, NC. With over ten years of real estate experience, he has helped hundreds of buyers and sellers through the home buying or selling process. He specializes in the “Inside the Beltline” properties as well as the greater Raleigh Area. To view more information about Wilson Crow, visit www.wilsoncrow.com

Ten most common Pitfalls of buying a “For Sale by Owner” home

As a Realtor, I have assisted my clients in purchasing a home directly from the seller. When I look at the real estate transactions that have been the most problematic, an overwhelming majority involved a seller without a Realtor. I wanted to provide some of the most common problems I have experienced with For Sale by owners (FSBOs).

10. FSBOs don’t play by the rules or simply don’t know the rules.
9.   FSBOs do not provide correct information regarding the home.
8.   FSBOs do not provide easy access to view the property.
7.   FSBOs do not give you space when you are viewing the home.
6.   FSBOs tend to over price the home because they do not have access accurate home sales information.
5.   FSBOs do not understand the real estate contract.
4.   FSBOs are not held accountable if they misrepresent material facts.
3.   FSBOs do not handle repairs items from the home inspection report.
2.   FSBOs try to save on Realtor fees for their benefit, not the buyers.
1.   FSBOs do not leave the home as clean for the buyer.

Wilson Crow is a top selling Realtor for RE/MAX Capital Realty in Raleigh, NC. With over ten years of real estate experience, he has helped hundreds of buyers and sellers through the home buying or selling process. He specializes in the “Inside the Beltline” properties as well as the greater Raleigh Area. To view more information about Wilson Crow, visit www.wilsoncrow.com

Raleigh, NC- Real Estate Update for January 2011

Like to know how Real estate professionals deteremine where home prices in Raleigh, NC are going?  This video from the top Residential Real Estate Analyst in our market is a great watch.  When Stacey speaks, I listen…