My New Blog

Good evening and I hope you are enjoying the beautiful weather!

Existing home sales were up again a little in July though home value is down an average of 7.7 % since last year.  Don't worry - you lose nothing unless you sell homes will still always go up and most will double at least every 10 years. Ok, it's not a good time to flip a home - but still a great time to consider a longer term investment.  Prices and inventory are better than ever and rates have not gone up all that much yet.  Assessing the value of a home is extremely difficult in this market - ask any appraiser.  A home value can not be measured on the asking price in a neighborhood - it has to be base on the actual sold price.  Always bid lower than you would be comfortable spending and leave room to negotiate.  Always have a second choice - it gives you a lot more leverage in the negotiations and makes you less likely to settle for a price too high.

More later - and think about enjoying the Outer Banks best kept secret - Fall

Warm weather, clear blue skies and warm oceans.

Carol