If they haven’t already, New Hanover County homeowners should be receiving their 2017 tax revaluations, the first since 2012. The delivery of the revaluations makes this a good time to touch upon a topic that we’ve discussed in the past – a home’s tax value vs. its market value. Do you know the difference? When it comes time to list …
How to Determine if a Home Will Have Good Resale Value
According to the National Association of Realtors, the average home seller lived in their home for 9 years before selling. Anyone can see from looking back at the recession that started in 2007 that a lot can change over 9 years. Still, there are ways to increase the chances of a home maintaining a good resale value. To do so, …
Will My Neighbor’s Poorly Maintained Home Affect My Sale?
Q. “Will my neighbor’s poorly maintained home affect my sale?” A. Unfortunately, yes. Neighbors can provide a whole slew of unsightly property issues – peeling paint, trashed yards, broken windows, unmowed lawns, overgrown bushes, and excess vehicles (often parked where they shouldn’t be), to name a few. If the home is out-of-sight, perhaps a few roads over, it might not …
How Accurate is Zillow’s Zestimate?
Zillow To be honest, Zillow is often a point of contention with Realtors in the Greater Wilmington area. Why? Because the information isn’t always correct, listings are often left “For Sale” on the site when they’ve already sold, and they display values created by a computer that can give consumers the wrong impression about a property. It makes sellers and …
Which Home Features Increase Resale Value?
After years of falling prices, real estate experts across the nation are predicting an increase in prices. Lawrence Yun, chief economist for the National Association of Realtors, projects that home prices nationally will rise 5 to 10 percent over the next three years. This is great news for Wilmington home owners. It also means that buyers in search for Wilmington …