Real Estate Tips: Market Stability in Hickory Nut Gorge

Dated: 03/01/2019

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The real estate market in the Hickory Nut Gorge continues to be stable, with slight signs of upward movement based on data from 2017 compared with year-end data for 2018 (single-family homes). If you’d like a copy of the full reports, please stop by or call the Lifestyle Properties office and ask for the current Market Report. While there is a plethora of vacant land for sale, those properties are seeing movement as well, and approximately 28 new building permits were issued for the Chimney Rock Township (including and surrounding Lake Lure). In general, buyer interest has already picked up for this year for homes as well as land!

We want to sell our home. When should we list?  Due to the somewhat “seasonal” nature of traffic in The Gorge, listing between March and mid-May is often the best time as nature has come to life and potential buyers are scouring the national real estate portals to determine what they’re interested in and where.  You certainly want to avoid being the new property on the market just as the peak tourist season is winding down.

 What do we need to do to get ready?  Your first step will likely be to consult with one or more real estate brokers to determine who will be the best fit to guide you through the listing and sale process.  Together you’ll compare yours with similar homes that have recently sold and set an initial listing price.  The broker prepares all paperwork, but there is plenty of work for you as a seller!  Pretend you’re a potential buyer of your home and look at every aspect through a buyers’ eyes.  As a buyer, what do you notice needs to be addressed that you no longer notice?  Start at the end of your driveway, walk to the front door, then do a complete interior walk-through, making a list of all the things you notice need attention.  Get a head start on repairs and updates.   

To expedite the listing and sales process, have your home in show-ready condition as soon as possible.  Do you need to de-clutter or de-personalize?  Does the landscape need a boost?  What might you need a handyman/contractor for?  Once you’ve grasped the physical projects, begin collecting pertinent documents: copy of septic permit and documentation of private well installation if applicable, copy of your title insurance policy, any available survey, house plans you may have.  While clearing out and neatening up, find a central location to place owner manuals, warranties or service receipts for the future owners’ reference.

 Currently, homes are averaging 6 - 7 months on the market in and around Lake Lure (per MLS data). While it can be easy to get discouraged, remember the process takes some degree of patience. Tell all your friends about your fabulous home for sale, regardless of where they live. And ask them to share the information with their friends because you never know from where the next buyer will come!

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Julie McKinney

A native of northwestern Pennsylvania, I have proudly called North Carolina home since 1985. Having experienced city life in Greensboro and Charlotte, I permanently relocated to beautiful Lake Lure in....

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