The Challenges of Selling a Home in the Triangle Part 1
When the time comes to sell your home in the Tar Heel State, it’s never as simple as sticking a “For Sale” sign in your front yard and waiting for a prospective homebuyer to come knocking. Every homeowner will face challenges when selling their home, and if you live in the “Triangle” of North Carolina, your ability to sell could be limited by external factors you can’t control.
As you know, the Triangle is formed by three points: predominantly Raleigh, Durham, and Chapel Hill. Although this is one of the most highly coveted and fastest growing regions of North Carolina, selling your existing home in this burgeoning area could be harder than you expect for a variety of reasons.
In this two-part series, the professional real estate investors at Real Estate Solutions Providers will discuss the varied challenges of selling a home in the Triangle. If you’re having trouble selling your home and you find yourself wondering, “How can I sell my house now in Raleigh, NC?” one of our real estate investors can provide you with a fair cash offer in as little as a few days.
Adverse Weather Conditions
North Carolina is no stranger to adverse weather. The ferocity of the storms that make landfall in North Carolina run the gamut from light showers to record-setting hurricanes. The Tar Heel State experiences severe thunderstorms, hurricanes, tornadoes, flooding, and more.
Come winter, much of Raleigh is glazed over in a frosty white coverlet that looks beautiful but wreaks havoc on the structural integrity of houses. The arrival of colder temperatures also drive critters into homes, where they must often do a little renovating to fix themselves a proper den. All in all, weather-related damage can occur at virtually anytime, and homeowners who aren’t dedicated to maintaining their homes often find themselves stuck in the mud when they finally decide that it’s a good time to sell.
Competition Between Sellers
As we’ll discuss in part two, price fatigue and the prevalence of new construction is making the housing market in the Triangle increasingly competitive. However, homeowners who are attempting to sell their homes must also be wary of other sellers just like them who are hoping to sell their home as quickly as possible. Logically, if you and another homeowner on the same street are both trying to sell your home, you’ll be forced to vie with each other for the attention of prospective buyers.
For instance, if your home is older, less attractive, or in need of more repairs, you’ll be at a disadvantage unless you drop your price significantly. Not to mention, you’ll have to contend with realtor fees and closing costs. It’s really not that simple though, apps like Trulia and Zillow have made it so potential buyers are equipped with the tools to quickly peruse homes on the market and choose the one that best suits their needs. There’s no such thing as a hidden gem in today’s housing market. Superior homes will be bought and lackluster ones will sit, that’s just the way it is.
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.