SHALLOTTE, N.C. — Brunswick County Association of REALTORS®
After an extended period of rapid sales coupled with an extremely low inventory, Brunswick County's residential real estate market closed out 2022 with more typical numbers. The number of homes sold and total sales volume both decreased, average sales prices were higher, and homes spent slightly less time on the market compared to 2021.
"After an insane couple of years, our market inched closer and closer to normalcy throughout 2022," said Cynthia Walsh, BCAR CEO. "Thanks to continued strong demand and limited inventory, average sales prices increased throughout the year. While total sales volume is slightly down, it's important to remember that we saw historic, unprecedented numbers in 2020 and 2021. While last year's numbers may be lower than prior years, overall our market is in strong shape going into 2023."
Total sales volume decreased from $2,704,199,429 in 2021 to $2,527,930,000 in 2022. Average sales prices for the year were up 10.5% compared to 2021, jumping from $398,772 to $440,574. Homes spent an average of 30 days on the market in 2022, compared to 39 days in 2021. New listings were down 11%, from 7,157 to 6,373, and the number of units sold dropped 18%, from 6,779 to 5,556.
When it comes to December's numbers, new listings, units sold and total sales volume decreased compared to last year. To put the numbers into context, December 2022 saw more homes sold than any other December in the past 17 years apart from 2020 and 2021.
Total sales volume decreased 25.9% compared to December 2021, from $243,100,000 to $180,100,000, while average sales prices were up 1.4%, from $439,610 to $445,799. Luxury homes may have been the holiday gift of the season, with 17 transactions in excess of $1 million and three in excess of $2 million. On the opposite end of the spectrum, there were more than 50 sales below $250,000 in December. Overall, homes are still selling for roughly 97% of their list price.
New listings were down 11.7% in December, from 368 to 325, and the number of units sold dropped 26.9%, from 553 to 404. Homes spent an average of 41 days on the market in December, up from 32 days. The absorption rate, which is the amount of time it would take to sell all available inventory, decreased to less than 2.5 months in December 2022.
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. For more information, please visit http://www.bcarnc.com.
SHALLOTTE, N.C. - Brunswick County Association of REALTORS®
Brunswick County's residential real estate market appears to be returning to a more normal pace, with fewer new listings, fewer homes sold, slightly higher inventory and a slightly higher absorption rate in November compared to last year. Average sale prices were up compared to November 2021, thanks in part to a strong luxury market. On average, homes sold for 97% of their list price last month.
"This November looked a whole lot like Novembers of the past," said Cynthia Walsh, BCAR CEO. "The market typically slows as we move through the holidays into winter, and that's what we saw in November. With that said, it's important to look at the big picture. We saw 396 sales in November, which was lower than the last couple of years, but is still on the high side of normal. Additionally, nearly 60% of the homes sold in November sold in 30 days or less, which is a pretty good clip. The bottom line is that Brunswick County's market continues to demonstrate strength as we move into what is typically a winter cool-down."
Brunswick County saw $179,500,000 in total sales volume in November, a 12.7% decrease from last year's $205,540,000. The average sales price increased 10.9%, from $408,628 to $453,283. New listings were down 5.7%, from 473 to 446. The number of units sold dropped 21.3%, from 503 to 396. The absorption rate, which is the amount of time it would take to sell all available inventory, increased from 2 to 2.5 months. Brunswick County's luxury market was strong in November, with 14 sales in excess of $1 million, the highest a $2.5 million transaction on Holden Beach.
Year-to-date sales volume through November totaled $2,347,830,000, down 4.6% from last year's $2,461,099,429. Average sales prices for the year are 11.5% higher than 2021, increasing from $395,059 to $440,574. The number of units sold through November is down 17.3%, from 6,226 to 5,152, and the number of new listings is down 10.9%, from 6,789 to 6,048.
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Bladen County
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Columbus County
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers, and Affiliate Members. For more information, please visit http://www.bcarnc.com.
Selling your home is a big deal, but it doesn't have to be an impossible challenge. If you're thinking about moving, our real estate agents can help you avoid bad pricing advice that can keep your home on the market way too long. Take a look at six common pricing mistakes you should avoid.
Price Your Home Without a Market Analysis
Pricing your home so it's comparable to prices of other homes in your surrounding area is an important sales tool. A good real estate agent will do a complete comparative market analysis (CMA) and spend a lot of time researching homes for sale and comps in your area. When a CMA is done correctly, your home should sell relatively close to the listing price and within a short amount of time after it hits the market.
Price Your Home High When You're Not in a Hurry to Sell
If you're not in a hurry to sell your home, it's okay to take your time but you should keep an eye on the real estate market. Pricing your home at a high listing price can deter potential buyers who are ready to make a move. If your home sits on the market too long, buyers will notice and start to make lower offers. If the market slows down, you may be forced to accept a low just offer because you waited too long.
Price Your Home High So There's Room to Negotiate
Buyers looking for Southport homes for sale are pretty savvy about desirable neighborhoods and homes with water views, large yards, and great amenities. They have also done their online homework to find available properties and prices that fit their lifestyle. Pricing your home too high so you have room to negotiate is a huge mistake. Savvy buyers know when a home is overpriced and usually won't waste their time to negotiate a lower price.
Don't Negotiate Any Lowball Offers
If you get a lowball offer on your home, don't feel insulted and just walk away. Although the offer may seem ridiculous to you, the buyer may just be testing out your reaction. When a buyer makes an offer that's way below the asking price, it doesn't mean they can't afford to buy the house. Buyers often do this to create a low starting price, then negotiate up from there hoping you will make a counteroffer that's lower than the original asking price.
Add the Cost of Home Renovations
If you have made a lot of costly renovations to your home over the years, you may feel like you need to recoup those costs when you sell. The truth is, buyers may love the new marble kitchen countertops, the outdoor deck, and the backyard gazebo, but that doesn't mean they want to pay for them. According to Remodeling Magazine, sellers only recoup about 60% of renovation costs, so don't count on extra profit from your home renovations.
Price Your Home Based on Personal Feelings
If you're like most homeowners, you likely have a special connection to your home, especially if you've lived there a long time. It's normal to develop an emotional attachment to a home that's been your family's sanctuary, but don't make it personal when it's time to sell. Your home's listing price should be based on facts like square footage, amenities, and neighborhood comps. To get the best price when you sell, think of the sale as a business transaction.
Are you thinking about a move to Southport? Contact us so we can help you find the home that's a perfect fit for your lifestyle.
SHALLOTTE, N.C. - Brunswick County Association of REALTORS®
Brunswick County's residential real estate market exceeded $2 billion in year-to-date total sales in October with luxury sales leading the way, and more than half of all homes sold during October were sold at or above list price.
"While $2 billion in total sales seemed like an unreachable milestone just a couple of years ago, it doesn't come as a shock this year given our market's consistently strong performance month over month," said Cynthia Walsh, BCAR CEO. "Overall demand remains strong, prices continue to increase, and we continue to see a strong luxury market. Overall, our market is positioned for continued strength as we move into winter."
Brunswick County saw $211,520,000 in total sales volume in October, a 0.5% increase from last year's $210,450,000. The average sales price increased 9.3%, from $432,131 to $472,150. New listings were down 24.4%, from 622 to 470. The number of units sold in October dropped 8% compared to last year, from 487 to 448, and homes spent an average of 33 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, remains at two months. Brunswick County's luxury market was strong in October with 24 sales in excess of $1 million, including three sales over $2 million and a 3.4 million sale in Ocean Isle Beach.
Year-to-date sales volume through October is $2,168,330,000, down 3.9% from $2,255,559,429 last year. Average sales prices for the year are 11.9% higher than 2021, increasing from $393,703 to $440,574. The number of units sold through October is down 16.9%, from 5,723 to 4,756, and the number of new listings is down 11.3%, from 6,316 to 5,602.
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers, and Affiliate Members. For more information, please visit http://www.bcarnc.com.
The kitchen has often been called the most important room in the home, and that statement holds true when it comes time to put your home up for sale. Our real estate agents have learned that one of the first things prospective buyers look at is the kitchen.
That's why we always recommend that homeowners make sure their kitchens are up to par before listing their Southport homes for sale. If you're planning on selling your home, consider these affordable kitchen upgrades before you do so.
Contact us today to learn more about buying or selling a home in the Southport, NC area. Whether you're looking for your dream home or getting ready to put your house on the market, our real estate agents are here to help every step of the way.
Selling your home is a process and has many steps. One of the first things you will need to take care of is the appraisal. Before you schedule an appraisal, you will want to make sure your property is ready for the intense scrutiny it will soon have to endure. The following steps are just a few that our real estate agents recommend to help our clients get their homes ready for an appraisal.
Maintain your safety equipment – Check all of your safety equipment. Make sure that your smoke alarms have charged batteries and that your fire extinguishers are up-to-date. If you have a home security system, check it often to make sure all of the components are in good working order. Appraisers will look closely at security items.
Take a close look at your home – Walk around your home with an unbiased eye. Look for any imperfections or flaws that may take away from the beauty of your home. Take notes to remind you where minor repairs may be needed. Go over your home, both inside and out, to make sure nothing is missed.
Spruce things up a little – Paint an accent wall. Revarnish your hardwood floors. If the handles on your cabinets look worn, replace them with new ones. It's the little touches that will make the most significant difference in how your home looks and how well it appears that it was cared for.
Deep clean everywhere – Deep clean as much of your home as possible. Dig into the corners of your closets and look at the tops of your ceiling fans and door jams. Move your furniture and clean under, around, and in each piece. Wash your windows and wipe down all the walls and surfaces.
Take extra care with your lawn – One of the first things people look at when touring Southport homes for sale is the lawn. Keep it neatly trimmed, and put all of your lawn implements away when you are finished them. After a storm blows through or if you have high winds, walk your lawn to pick up any lawn debris like twigs and broken branches.
Update worn-out materials – If your countertops or doors look like they are heavily worn, replace them. The same is true for cabinet doors or bathroom fixtures. A little care and improvement will go a long way.
Make minor repairs – Replace broken windows or cracked outlet covers. If you have outlets that don't work or leaking faucets, have them repaired. Make sure everything in your home is in top condition and good working order. The first thing an appraiser will look at are things that are used the most. Toilets, sinks, and electrical items are at the top of the list.
Getting ready for an appraisal is time-consuming. There are many things that need to be properly maintained and taken care of. Contact our team of real estate agents if you have questions or need recommendations about what else you can do to turn your home into an eye-catching property.
SHALLOTTE, N.C. - Brunswick County Association of Realtors
Brunswick County's residential real estate market felt the impacts of Hurricane Ian during September with fewer new listings and fewer homes sold compared to last year. Prices ticked upward, continuing a recent and familiar pattern.
"September hurricanes often affect our real estate market, and Hurricane Ian was no exception," said Cynthia Walsh, BCAR CEO. "Ian blew through at the end of the month, which is when a large number of closings typically occur. The timing explains why we saw a lower number of homes sold and lower total sales volume last month. While Ian brough a temporary tropical slowdown, and while our market isn't moving at the frantic pace it once was, we continue to see strong demand, and our market remains on track for another strong year."
Brunswick County saw $215,280,000 in total sales volume in September 2022, a 12.9% decrease from last September's $247,120,000. The average sales price increased 7.5%, from $433,541 to $465,983. New listings were down 16.3%, from 559 to 468. The number of units sold in September dropped 18.9% compared to last year, from 570 to 462, and homes spent an average of 30 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, remains at two months. Brunswick County's luxury market was strong in September with 28 sales in excess of $1 million, including a sale over $4 million in Ocean Isle Beach.
Year-to-date sales volume through September is $1,956,810,000, down 4.3% from $2,045,109,429 last year. Average sales prices for the year are 13.1% higher than 2021, increasing from $389,433 to $440,574. The number of units sold through September is down 17.7%, from 5,236 to 4,308, and the number of new listings is down 9.9%, from 5,694 to 5,132.
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Bladen County
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. For more information, please visit http://www.bcarnc.com.
SHALLOTTE, N.C. - Brunswick County Association of Realtors
In August, Brunswick County's residential real estate market saw higher prices, fewer new listings, and fewer homes sold compared to last August.
"While there is talk nationally of a real estate slowdown, Brunswick County's market continues to demonstrate remarkable stability," said Cynthia Walsh, BCAR CEO. "When looking at these numbers, it's important to remember just how abnormal the past few years have been. While the number of homes sold is down slightly compared to last year, sales have been pretty much steady month over month for the past two years, generally hovering between 500 and 600 sales per month, with our usual seasonal dip in December, January, and February. Overall, our market remains on track to once again do something that was unheard of prior to 2020: surpass $2 billion in total sales before the end of the year."
Brunswick County saw $232,570,000 in total sales volume in August 2022, a 5.7% decrease from last August's $246,620,000. The average sales price increased 9.4%, from $415,883 to $455,130. New listings were down 10.4%, from 682 to 611. The number of units sold in August dropped 13.8% compared to last year, from 593 to 511, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, remains at two months. Brunswick County's luxury market remained strong in August with 19 sales in excess of $1 million and two sales of $2 million or more.
Year-to-date sales volume through August is $1,741,530,000, down 3.1% from $1,797,989,429 last year. Average sales prices for the year are 14.8% higher than in 2021, increasing from $383,919 to $440,574. The number of units sold through August is down 17.6%, from 4,666 to 3,846, and the number of new listings is down 9.2%, from 5,135 to 4,664.
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Robeson County
The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers, and Affiliate Members. For more information, please visit http://www.bcarnc.com.
Shallotte, NC - Brunswick County Association of Realtors
Brunswick County's residential real estate market remained competitive in July, with fewer homes sold, fewer new listings, higher prices, an uptick in the absorption rate, and homes continuing to sell quickly and at 99% of list price on average.
"Our market remains highly competitive thanks to strong demand paired with fewer new listings and a historically low inventory of available homes," said Cynthia Walsh, BCAR CEO. "While we saw fewer homes sold in July compared to last year, we have a healthy number of pending listings, and the absorption rate increased for the first time in months. Buyers would highly benefit from working with one of our professional REALTORS® to navigate this competitive market."
Brunswick County saw $216,760,000 in total sales volume in July 2022, a 14.3% decrease from last July's $252,900,000. The average sales price increased 3.9%, from $430,096 to $446,937. New listings were down 14.1%, from 681 to 585. The number of units sold in July dropped 17.5% compared to last year, from 588 to 485, and homes spent an average of 26 days on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is up to 2 months for the first time since January 2021. Sellers received 99% of their list price in July on average. Brunswick County's luxury market remained strong in July with 25 sales of $1 million or more, with the highest transaction at $2,550,000.
Year-to-date sales volume through July is $1,508,960,000, down 2.7% from $1,551,369,429 last year. Average sales prices for the year are 16.1% higher than 2021, increasing from $379,353 to $440,574. The number of units sold through July is down 18.1%, from 4,073 to 3,335, and the number of new listings is down 9%, from 4,453 to 4,053.
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Robeson County
The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers, and Affiliate Members. For more information, please visit http://www.bcarnc.com.
SHALLOTTE, N.C. - Brunswick County Association of Realtors
Thanks to tight inventory and strong demand, homes sold in rapid-fire fashion in Brunswick County during April. A majority of homes sold spent less than five days on the market last month, and homes spent an average of 25 days on the market.
"Thanks to strong demand and a limited inventory of available homes, Brunswick County once again saw a strong seller's market in April," said BCAR CEO Cynthia Walsh. "Homes sold in rapid-fire fashion last month, with a majority spending five days or less on the market. Additionally, a number of homes sold for more than list price, likely a result of sellers receiving multiple offers. The combination of strong demand and limited inventory once again drove prices upward. Our market remains intensely competitive, and serious buyers would benefit from working with a professional REALTOR®."
Brunswick County saw $217,860,000 in total sales volume in April 2022, a 4.6% decrease from last April's $228,350,00. New listings dropped 7.1%, from 631 to 586, the lowest differential since the beginning of 2022. As of May 10, there were only 481 active listings. The number of units sold in April dropped 22.5% compared to last year, from 622 to 482, and 54% of the homes sold spent five days or less on the market. The absorption rate, which is the amount of time it would take to sell all available inventory, is one month. The average sales price increased 23.1%, from $367,127 to $451,993. Brunswick County's luxury market remained strong in April, with 19 sales in excess of $1 million, including a $3.2 million sale on Bald Head Island and a $2.8 million sale in Holden Beach.
Year-to-date totals are following a similar pattern. Year-to-date sales volume through April is $774,220,000, down 2.4% from $793,649,429 last year. Average sales prices are 22.4% higher than last year, increasing from $359,971 to $440,574. The number of units sold through April is down 20.1%, from 2199 to 1757, and the number of new listings is down 16.9%, from 2438 to 2026. Year-to-date there were 73 sales in excess of $1 million, up from 44 at the same time last year.
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Bladen County
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Columbus County
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Robeson County
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. For more information, please visit http://www.bcarnc.com.
Sooner or later, most homeowners will face selling their home and moving elsewhere. Many life situations can necessitate the sale of a home — change of jobs, marriage, divorce, retirement, or simply the quest for a "dream home." Regardless of the reason, you may be contemplating listing your home among Southport homes for sale.
Our real estate agents have some helpful tips about selling your home for the price you want.
Want to know more about selling your home? Contact us today.
SHALLOTTE, N.C. — Brunswick County Association of Realtors
Brunswick County's residential real estate market continued a familiar pattern in February, with higher prices, fewer new listings and low inventory. Thanks to the increase in average sale prices, total sales volume jumped 6.5% despite a 17.3% drop in homes sold.
"When it comes to our real estate market's performance in February, it's 'same story, different month,'" said BCAR CEO Cynthia Walsh. "We continue to see fewer listings, and inventory is at a 12-month low. Additionally, the number of active listings dropped nearly 45% from January to February. The tight inventory, coupled with strong demand and a strong luxury market, is driving average sale prices and total sales volume upward. We continue to see a strong seller's market with plenty of interested buyers, but not enough homes to accommodate them."
Brunswick County saw $175,080,000 in total sales volume in February 2022, a 6.5% increase from last February's $164,449,429. New listings dropped 22.2%, from 563 to 438, and the number of units sold dropped 17.3% compared to last year, from 463 to 383. The absorption rate, which is the amount of time it would take to sell all available inventory, is less than one month, and homes are spending an average of 30 days on the market. The average sales price increased 28.7%, from $355,182 to $457,130. Brunswick County once again saw a strong luxury home market in February, with 19 sales in excess of $1 million, two sales in excess of $3 million and two in excess of $2 million.
Total sales volume is ahead of last year's record pace, while the number of homes sold is down. The total year-to-date sales volume in 2022 is $336,520,000, up from $328,339,429 last year, a 2.5% increase. Average sales prices are 10% higher than last year, jumping from $398,772 to $438,770. The number of units sold through February is down 17.3%, dropping from 928 to 767. Brunswick County has seen 825 new listings this year, down from 1,115 at the same point last year, a 26% drop.
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. For more information, please visit http://www.bcarnc.com.
February 15, 2022 - Brunswick County Association of Realtors
Brunswick County's residential real estate market saw fewer homes sold in January due to inventory being at an all-time low. Total sales volume was only down 1.5% thanks to higher average sale prices, which were fueled by the low inventory, strong demand, and strong luxury sales.
"As usual, January came with broken resolutions, bad weather and fewer homes sold," said BCAR CEO Cynthia Walsh. "Inventory is extremely low, which makes it harder for buyers to find the right home. Working with a professional REALTOR® who can help them navigate this competitive market is a must for homebuyers. The market is positioned to remain in a seller's market for the foreseeable future."
Brunswick County saw $161,440,000 in total sales volume in January 2022, a 1.5% decrease from last January's $163,890,000. New listings dropped 29.9%, from 552 to 387, and the number of units sold was down 17.4%, from 465 to 384. Active listings decreased 40.8% compared to January of 2021, from 1122 to a 12-month low of 664. The absorption rate, which is the amount of time it would take to sell all available inventory, is at an all-time low of 40 days. The average sales price increased 19.3%, from $352,452 to $420,409. In January of 2022 there were 11 sales in excess of $1 million, with two sales in excess of $2 million. Additionally, 26% of all homes sold in January went for more than $500,000.
"With little to no inventory, few new listings, and selling prices continuing to rise, the luxury sales are leading the way for a strong market in 2022. We expect a continuation of the conditions we saw last year," said Walsh.
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Bladen County
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. For more information, please visit http://www.bcarnc.com.
January 14, 2022 - Brunswick County Association of Realtors
Brunswick County's residential real estate market demonstrated remarkable consistency throughout 2021, ending the year with almost $3 billion in total sales. New listings and units sold were up slightly compared to 2020. Total sales volume was up 26.1% compared to 2020's record-breaking numbers, with the increase driven in large part by higher average sale prices.
"2020's record sales totals foreshadowed the numbers we saw in 2021," said BCAR CEO Cynthia Walsh. "Thanks to continued strong demand and limited inventory, homes are selling quickly and at higher prices. Additionally, we saw an unprecedented number of luxury home sales in 2021. We see no indications of a drop in demand in the near future, so sales volume in January will likely be driven by available inventory. Our market remains in strong shape to kick off the New Year."
Total sales volume increased from $2,144,523,000 in 2020 to $2,703,339,429 in 2021. The number of new listings were up 2.4%, from 6992 to 7157, and the number of units sold increased 7.8%, from 6285 to 6777. Average sales prices were up 19.3% compared to 2020, jumping from $334,251 to $398,774. The increase in average sale prices was fueled in part by a strong luxury market: the number of luxury sales jumped from 127 in 2020 to 229 in 2021, and luxury sales comprised nearly 3.5% of the market. Brunswick County's largest transaction in 2021 was a $6.1 million residence on Bald Head Island.
When it comes to December's numbers, new listings and units sold were down slightly, total sales volume increased, and homes are spending less time on the market. Total sales volume increased 12.9% compared to December 2020, from $214,510,000 to $242,240,000, and average sales prices were up 18.3%, from $371,768 to $439,631. The increase in average sales prices was largely driven by luxury sales, as was the case throughout 2021. December saw 27 sales of $1 million or higher, with the largest being a $3.75 million transaction.
"December saw the highest number of homes sold in the fourth quarter, which is odd given that December is historically the slowest sales month of the year," said Walsh. "Prices are up, and the number of pending sales dropped to 400 in December. While the drop in pending sales could foreshadow a decrease in January, we expect the numbers to remain strong given that homes have been selling quickly."
The number of new listings dropped 4.4% in December, from 385 to 368, and the number of units sold was down 4.5%, from 577 to 551. Homes are spending 30 days or less on the market, depending on location, which is a drop of roughly half since December 2020.
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Bladen County
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The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.
December 22, 2021 - Brunswick County Association of Realtors
Brunswick County's residential real estate market saw higher prices, higher sales volume and a tight inventory of available homes in November. The market remains ahead of 2020's record pace in terms of total sales volume for the year. While the number of units sold in November was down slightly, total sales volume increased 10.2% compared to 2020, and new listings were down 13.5%.
"Our market has been amazingly resilient throughout 2021," said BCAR CEO Cynthia Walsh. "We continue to see strong demand and a tight inventory, which results in homes selling quickly and at higher prices. In addition, a strong luxury home market continues to fuel our higher average sale price. The bottom line is that our market is in good shape as 2021 comes to a close."
Brunswick County saw $205,540,000 in total sales volume in November 2021, a 10.2% increase from last November's $186,450,000. New listings dropped 13.5%, from 547 to 473, and the number of units sold decreased 5.6%, from 533 to 503. The market saw a net increase of 30 new listings, which reflects the difference between units sold and new listings. The average sales price increased 16.8%, from $349,811 to $408,628, and was fueled in part by luxury home sales. November saw 19 sales in excess of $1 million, with the highest being a $2.4 million transaction. The average number of days on the market is down slightly at 27 days, with a median of nine days.
Overall, Brunswick County's year-to-date numbers are still ahead of 2020's pace. Total sales volume is up 27.5% compared to the same point in 2020, increasing from $1,930,013,000 to $2,461,099,429. Average sales prices for the year are up 19.4%, from $330,840 in 2020 to $395,059 in 2021. The number of units sold through November is up 9.1%, from 5,708 to 6,226. The number of new listings for the year saw a slight 2.8% increase, from 6,607 to 6,789.
Brunswick County
New Listings
Units Sold
Average Sales Price
Median Sales Price
Total Sales Volume
Bladen County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
Columbus County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
The Brunswick County Association of REALTORS® (BCAR) is the local association level of the largest trade association in the nation, presently serving its members, which are comprised of REALTORS®, Appraisers and Affiliate Members. Chartered in 1959 by the National Association of REALTORS® (NAR), BCAR represents the interests of its members in southeastern North Carolina and northeastern South Carolina. For more information, please visit http://www.bcarnc.com.
Last month, Brunswick County's residential real estate market saw its first significant drop in monthly sales volume and increase in inventory so far this year. Total sales volume in October was down 19.5% compared to 2020. The only other month with a drop in total sales volume so far this year is August, which saw a slight 0.7% decrease. The market also saw 135 new listings in October.
"While our market remains ahead of last year's record pace, sales volume was down slightly in October compared to 2020," said BCAR CEO Cynthia Walsh. "Even though some national experts think the market may be in the early stages of a cool-down, Brunswick County's market remains consistent. Prices are up, and homes are selling quickly. We expect our market to remain strong moving into Winter."
Brunswick County saw $210,450,000 in total sales volume in October 2021, a 19.5% decrease from last October's $261,340,000, with luxury sales contributing almost $36,000,000. There were 23 sales in excess of $1 million last month, with the highest being $2.75 million. New listings dropped 6.0% compared to last October, from 662 to 622. The number of units sold decreased 27.3%, from 670 to 487, but pending sales are up 24% over last month. Homes are averaging 30 days on the market, and homes listed below $299,000 are spending 15 days or less on the market. The average sales price increased from $390,062 to $432,131, a 10.8% increase fueled by strong luxury home sales.
The market's year-to-date numbers remain ahead of last year's pace. Total sales volume is up 29.4% compared to 2020, increasing from $1,743,563,000 to $2,255,559,429. Average sales prices are 19.7% higher than 2020, jumping from $328,943 to $393,703. The number of units sold through October is up 10.6%, from 5,175 to 5,723. New listings increased 4.2%, from 6,060 to 6,316.
Brunswick County
New Listings
Units Sold
Average Sales Price
Median Sales Price
Total Sales Volume
Bladen County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
Columbus County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
Source: The Brunswick County Association of REALTORS® (BCAR) http://www.bcarnc.com
Brunswick County's residential real estate market once again saw increased prices and low inventory in August. While total sales volume was slightly down in August, total year-to-date sales volume is up 44.5% compared the same month last year.
"On the surface it might seem like last month saw a slight downturn, but when you look closely, the big picture shows that the market is maintaining strength." said BCAR CEO Cynthia Walsh. "Overall, the market is stable and with year-to-date sales up 44.5%, it is more than a possibility we will reach $2 billion in sales before the 4th quarter."
In August 2021 Brunswick County saw $246,620,000 in total sales, a 0.7% decrease from last August's $248,323,000. Despite this decrease, total year-to-date sales are up 44.5% compared to 2020, increasing from $1,244,333,000 to $1,797,989,429.
While number of units sold fell slightly with a 11.1% decrease from 667 to 593, the six-month average remains consistent at approximately 600 – 650 sales a month. The average sales price increased 11.7%, from $372,449 to $415,883, fueled by a higher number of luxury home sales. One hundred and twelve homes sold between $500,000 – $999,999 and 23 homes sold for over $1 million, with the largest two sales being over $3 million.
Average sale prices for the year are up 20.4% compared to last year, increasing from $318,948 to $338,919, and the number of units sold through August is up from $3,820 to $4,666, a 22.1% increase. Demand is high with listings on the market for about 20 days. New listings in August 2021 saw a 7.2% increase, growing from 636 to 682.
Brunswick County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
Bladen County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
Columbus County
New Listings
Units Sold
Average Sales Price
Total Sales Volume
Source: The Brunswick County Association of REALTORS® (BCAR) http://www.bcarnc.com.
April 13, 2021 - Brunswick County Association of Realtors
Brunswick County's residential real estate market saw its strongest sales this year in March, with sales volume nearly doubling and units sold up by half compared to March of 2020. Additionally, March's sales volume outpaced every other month in the past five years except for June and July of 2020.
"I feel like I'm running out of descriptive words and adjectives to describe the continuously red-hot real estate market we are experiencing." said BCAR CEO Cynthia Walsh. "Prices are up, sales figures are off the chart, and available inventory and the absorption rate are amazingly low. Our total sales in the first quarter were higher than ALL of 2008, 2009, 2010, 2011 and just slightly lower than 2012. These numbers are astounding, and we see no indications of a slowdown as we move into summer."
Brunswick County saw $236,960,000 in total sales in March 2021, an 85.4% spike over last March's $127,800,000. The number of units sold jumped 50.6%, from 431 to 649. The average sales price increased 23.1%, from $296,515 to $365,121. Twenty homes sold for more than $1 million last month, more than 100 homes sold for between $500,000 and $999,999, and there are two pending sales over $3 million and two over $2 million. Current active listings are at an all-time low of 629, and the absorption rate is 1.5 months.
Brunswick County
New Listings
March 2021: 692
March 2020: 622
Increase/Decrease: +11.3%
Units Sold
March 2021: 649
March 2020: 431
Increase/Decrease: +50.6%
Average Sale Price
March2021: $365,121
March2020: $296,515Increase/Decrease: +23.1%
Total Sales Volume
March 2021: $236,960,000
March 2020: $127,800,000
Increase/Decrease: +85.4%
Bladen County
New Listings
March 2021: 18
March 2020: 15
Increase/Decrease: +20%
Units Sold
March 2021: 9
March 2020: 12
Increase/Decrease: -25%
Average Sale Price
March 2021: $206,589
March 2020: $173,919
Increase/Decrease: +18.8 %
Total Sales Volume
March 2021: $1,860,000
March 2020: $2,090,000
Increase/Decrease: -11%
Columbus County
New Listings
March 2021: 34
March 2020: 40
Increase/Decrease: -15%
Units Sold
March 2021: 24
March 2020: 17
Increase/Decrease: +41.2%
Average Sale Price
March 2021: $139,729
March 2020: $132,379
Increase/Decrease: +5.6 %
Total Sales Volume
March 2021: $3,350,000
March 2020: $2,250,000
Increase/Decrease: +48.9%
Source: BCAR website www.bcarnc.com (page view https://bit.ly/3t0jciB)
Source: Brunswick County Association of Realtors, Cynthia Walsh, CAE, RCE, ePro, C2EX
Few of us could have imagined the changes 2020 had in store for us this time last year. Changes to our work lives, schooling, finances and retirement plans, travel plans and commute times, family organization, even cooking, outdoor activities and other hobbies have been transformed. For some of us, there's been a growing mismatch between the home we've loved for years and the way we live now.
Even if you're happy in your current home and it fits you to a tee, you owe it to yourself to consider the market. Let us help you identify the opportunities that make up the silver lining of a very difficult year. It may be that the perfect buyer for your home is out there right now. You might maximize the utility of your home by selling it now and moving ahead to your next real estate investment that will better accommodate your needs in the future.
Q. What about the upgrades I was planning to make to my outdated kitchen? I want to get top dollar for my home!
A. Many buyers would prefer to choose their own appliances and finishes. A good Buyer's Agent will help them connect with qualified professionals to do the work on a convenient schedule after they take possession of the home. Instead of making cosmetic improvements, focus your energy on any functional repairs that may be needed. The point is to reinforce the idea that your home has been well-maintained. You can look forward to putting your creative energies into a new home!
Q. Where will I move ?
A. Wherever you want! See something you like? Let us approach the current owner and make inquiries on your behalf. Your interest might persuade someone else who just happens to be "sitting on the fence" at the moment. We can also find you a "lot and home package." Builders often buy vacant land for future spec projects at very low prices. Many of them are more than happy to sell under the condition that you use them to construct the new home. This can represent a great value for the buyer since they'll already have plans selected that suit the location and meet local building codes. You'll often have the added advantage of choosing your appliance package, paint colors, hardware and other features without having to pay the higher price of a truly custom home.
Q. Life is so hectic these days. I don't have time to drive around looking at things or spend hours online.
A. You don't have to, that's our job! We can be sure that you're notified as soon as something new comes on the market that meets your specific criteria. If you need three bedrooms, you will only see homes with three bedrooms, not two, and not four. You'll be surprised at the way we're able to customize our searches by the school district, distance from the beach, community amenities, and of course the features of the home itself. We also see a wider range of options coming on the market now. Some people are letting go of their primary residence to move to their second home full-time. Some are getting out of their rental investments and some are letting go of investments in land. We will help you explore all the options.
Q. How will I manage to afford it? Times are tough!
A. You might be surprised. Talk to your banker or credit union representative. Rates are still at near all-time lows and getting pre-approved makes any offer you do make all the more attractive. For some, working from home means being able to save money on their commute to work. It may also mean you can relocate to a neighborhood with no POA fees, lower taxes, lower insurance rates, or simply a lower price per square foot. More people are also combining households these days. What was once the 'down-sized' retirement home for someone who has decided to move in with adult children might be the perfect next home for you!
Q. We want to wait and sell at the top of the market. Are we there yet?
A. You never really know where the top of the market is, until it's already in the past. This is why "market timing" doesn't actually work when it comes to selling real estate. By the time you notice a slight drop in closed prices, everyone else sees it too. And those closed prices are based on contracts signed 30-60 days or more in the past! There will be a slight increase in inventory at this point because nobody wants to miss the opportunity to realize their home's top value. That's understandable but increased supply means decreased relative demand. Prospective buyers will also think they might gain some advantage by waiting a bit longer. They feel no urgency anymore. Additionally, homes don't typically sell the moment they're listed. The idea of market timing is based on automated sell orders you can set for stock market investments. The mechanics of this situation are just not the same. Another, often overlooked, reason for selling before you see the absolute peak is what we like to call "instant equity." When you anticipate the market, your new home's value will be lifted as we crest the peak of top pricing. That value becomes yours as equity, while you continue to pay the low mortgage rates locked in shortly before your closing date.
Q. What's the next step? How do I begin the process of listing my home?
A. You've heard you should never expect something for nothing, but that's not entirely true. The first thing a good listing agent will do is gather information for a comparative market analysis. We do that for free, before you sign any sort of contract, so you will know where you stand in a competitive market. It's also the only way for us to develop an appropriate marketing plan. We have the tools to present your home to the pool of most likely buyers as soon as it's listed. Whether that means including it in the Luxury Portfolio program, or digging into our contact lists for the new buyer who has been waiting to leave a long-term rental for a new home that is just the right fit. We're hearing from lots of folks who want to downsize as well as those who want more space, or just more flexible space. And we're always active with relocation clients. Don't forget, we've been turning visitors into locals since 1981!
Drop us an email or give us a call. We look forward to hearing from you!
Winter is a fantastic time to deep clean your home. Our real estate agents also recommend that you thoroughly clean your home before an open house or showing. Follow these tips to get your space cleaner than ever.
Ready to check out homes with more space or different layouts? Contact us today!
Having a pet in your family makes your house feel even more like home. Unfortunately, not all buyers are thrilled about having a four-legged friend as a prior resident — especially if they have pets themselves. Our real estate agents understand that you have a lot on your plate as you sell your home. We want to take a moment to remind you that there are a few additional tasks to add to your to-do list if you're selling a home that housed a pet. Pet owners should complete these duties before a showing.
Are you searching for a new home where you and your pet can live happily ever after? We can help! Contact us today to schedule tours of our Southport homes for sale with large backyards and pet-friendly neighborhoods.
Clutter has a way of catching you off guard. Even if you're a naturally tidy person, it can seem like as soon as you turn your back, clutter sneaks up and becomes a problem overnight.
Lately, we've all been spending a lot more time at home than we're used to, which is why our REALTORS® are particularly eager to share some de-cluttering tricks. Here's how you can enjoy a cleaner, less cluttered home this summer.
Benefits of Decluttering
It can be tough to take action when clutter becomes a problem. But there are numerous benefits to clearing out the clutter:
Decluttering Tips
When it comes time to thin out your possessions and cut down on clutter, it's important to carefully plan your strategy. Here's how you can trim the excess and make your home feel more spacious, without losing anything essential:
Contact us today to learn more about decluttering, and find more tips and tricks for getting your home ready to sell.
The real estate market sees numerous changes each year with new trending features to entice homebuyers. The coronavirus, homeschooling, and working remotely have many families looking to expand their living space to accommodate all the changes. Whether you are selling or viewing Southport homes for sale, it's important to know the current trends.
When looking for a new home, every buyer has a specific list of essential features. Your home is more than just a house; it's your sanctuary. Right now, buyers want specific features for a comfortable and efficient living space. Check out the following five growing trends for homebuyers in 2020.
When selling your home, it's important to know what homebuyers are looking for in their search.
Starting a search of your own? If you need help finding the right home for you and your family, our real estate agents are ready to help. Contact us today. We will find the ideal home match for you.
It all leads up to this — the open house. All of your hard work in and around your home is now ready to be showcased for prospective buyers. Getting to the open house stage is no easy feat, and you should feel excitement mixed with pride as you prepare to entertain the buyer's offers. Before you open the doors to your home, you want to make sure you're all squared away. To give you a helping hand, our real estate agents created the ultimate open house checklist to prepare you and your home.
Would you like to learn more helpful tips on listing and showing Southport homes for sale? Contact us today!
There's something timeless and boundless about watching the ocean and feeling that salty wind in your face. Maybe that's why we're so enamored with living near it, taking in all the sea has to offer.
But for a North Carolina house, being by the sea can be damaging, with exposure to salt, sand, and wind. Salt is corrosive and ever-present in the air and water. Wind, carrying tiny grains of sand, batters and scours your home's exterior. You should be mindful of the extra attention it may need and make sure your maintenance schedule includes specific tasks.
If your home is one of the Southport homes for sale, our REALTORS® recommend regularly doing the following.
Finally, while you are doing battle with salt and sand, don't forget the routine maintenance chores that all homes need, no matter their location.
If you need help on making sure your home is ready to show off to prospective buyers, contact us, and we will be happy to guide you.
No matter how prepared you are, selling your home can create an emotional whirlwind. There's the excitement of getting your home in amazing shape, the relief of finally getting the right offer, and the anticipation of what comes next. On the other hand, there's also concern about whether you'll find a buyer, uncertainty about which offers to accept, and the major stress of waiting for the deal to finally go through.
While there's always going to be some anxiety involved in the home selling process, our REALTORS® want you to relax and enjoy the ride. The following five tips will help you sell your home without the stress.
Are you getting ready to put your home on the market? Don't let it stress you out! With Our REALTORS® by your side, the entire process will feel like a breeze. We go out of our way to take care of the details, so you don't have to. Contact us today to get started.
Whether you are shopping for Holden Beach homes or have already purchased one, you'll soon be moving. Pulling up stakes and moving to a new home and community is exciting, especially if you will be a first-time homeowner. However, moving is also a complicated and stressful process, and it can be quite easy to forget important details along the way. Knowing about the most common mistakes made by others can help you avoid making them yourself, so here are seven things people often forget to do during a move:
Collect Important Documents – This is a task that should be on your to-do list several weeks before moving. It can take some time to get many documents, such as family medical records, prescription lists, immunization records, school records, and other official documents. Other essential papers to collect and keep track of carefully during a move include insurance policies, tax records, financial records, identification documents, wills, and other essential legal documents.
Collect Scattered Belongings – Don't forget to collect items that aren't at home when you start packing up. This may include items sent to the dry-cleaners, belongings sent to repair shops, things left in your locker at the local gym or items borrowed by friends and family.
Update Your Mailing Address – While most of us don't use traditional mail as much as we used to, there are still plenty of important things that arrive via "Snail Mail." Make sure you put in your change of address form with the post office before you make your move.
Update Important Accounts – Remember to give your current utility companies a cutoff date for your old house and arrange to have all essential utilities in place before you move into your new one. Also, make sure you update your address and contact information for other important accounts, such as credit card companies and banks, for instance.
Separate Items That Should Be Left Behind – Don't forget to leave the house keys and garage door openers for your old home's next occupants. Also, moving is the best time to thin out clutter, disposing of things you aren't likely to use in your new home.
Pack "Immediate Needs" Items Separately – There are certain things you'll need to keep close during the chaos of moving. These may include prescription and over-the-counter medications you regularly use, chargers for phones and other frequently-used electronics, shower supplies, and clean clothes. It may also be wise to keep a few basic tools handy, especially if you will need to assemble or re-assemble furniture as you move in. Packing these things in your car, rather than the moving truck, can save you a lot of hassle during your first day at your new home.
Label Everything – Things get busy at moving time, and packing is tedious work. However tempting it may be to cut a few corners to move things along more quickly, packing carefully can save a lot of time and frustration later. Label every box you pack according to the room it came from, and be sure to write "fragile" on boxes that contain items that require careful handling.
For more tips on how to make moving to Holden Beach a smoother, less stressful experience, please feel free to contact Margaret Rudd & Associates, Inc. Our REALTORS® are always happy to help new residents make themselves at home in our area.
Holding an open house is a great way to make sure a variety of potential buyers see your home. However, as our REALTORS® will point out, for this to be a useful marketing tool, your home must be in great shape for showing. So what do you need to know to make sure your home is well-prepared to wow potential buyers? Here are six things to do before an open house to sell your Brunswick County Home.
For more tips on getting your Brunswick County home ready for an open house, contact us. We're always happy to put our experience and expertise to work for the benefit of area home sellers.
Selling your home is serious business, and you don't want to hand that task over to just anyone. Our REALTORS® understand that listing your home is a huge decision and a significant step towards your future. Understanding what makes a real estate agent outstanding and taking the time to research before you choose one is well worth the effort. Following are some of the most important factors to consider when deciding just who you will trust with the task of making your home selling process a success.
Knowledge of the Market
An agent who is prepared to work with you and for you will understand your goals when listing your home and have the inside scoop on the real estate market. That means your agent should know whether it's a buyer or seller market and be able to give you plenty of guidance as to what trends are popular with potential buyers.
Experience and Training
Don't hesitate to ask an agent about their real estate experience, and in particular, their knowledge about your current location. A top-notch agent will be happy to share their accomplishments, testimonials from former clients, and any awards they've received in the industry.
A Marketing Plan is a Must
It's perfectly acceptable to ask a potential agent how they plan to sell your home efficiently. Your agent should strive to personalize your experience as a seller, and with that, outline a detailed plan to market your home. Bring a list of any questions you have about the selling process during this agent interview to gauge how they respond.
Communication and Negotiation Skills
Key to a successful sale, good communication skills are one characteristic you'll want to look for when selecting your agent. The interaction between you and your REALTOR® should be both honest and comfortable. Additionally, you might want to discuss how your agent will handle negotiations with prospective buyers, should they arise.
Industry Connections and Credibility
Ideally, your new real estate agent will be part of a trusted and reputable agency that has a positive reputation in your community and beyond. Familiarize yourself with their colleagues as well and to ask about connections with other realtors and agencies. Often a broad and trustworthy network between agents facilitates the home sale.
Margaret Rudd & Associates is proud of our affiliation with Leading Real Estate Companies of the World® (LeadingRE). We have access to the world's market-leading independent residential brokerages in over 70 countries, with 565 firms and 130,000 sales associates through our association.
The importance of working with a seasoned real estate agent to sell your home can't be emphasized enough. At Margaret Rudd & Associates, you'll find a team of dedicated REALTORS® who are driven to make your home sale a great experience. If you're ready to list your home for sale or want more information, contact Margaret Rudd & Associates, Inc. today.
It's time to move on. Your family has outgrown your home, you're downsizing, or maybe you're being relocated for work. Whatever the reason, our REALTORS® can help you sell your home and buy another. Buying and selling at the same time isn't always easy. But the good news is you probably learned a lot the first time you bought a house, so you can do this with the help of our real estate pros.
First Steps
Expecting everything to fit perfectly just isn't realistic, so careful preparation and planning is a must. You'll want to make sure you have as much equity in your home as possible. You'll also need funds available to get your home ready to sell and cover temporary rent or other unforeseen circumstances. Decide whether you want to sell first or buy first. Know the market where you live and where you're planning to move to help you strategize.
Reasons to Sell First, Then Buy
Disadvantages to Selling First
Reasons to Buy First Then Sell
Disadvantages to Buying First
Ultimately, you'll have to do what makes the most sense for you. Buying and selling at the same time can be tricky but with planning and preparation it can be done. Whether you're looking to buy or sell a home, contact Margaret Rudd & Associates, Inc. today.
Whether you're buying or selling a home, it's important to understand both the benefits and the process of a home inspection. Both parties will gain clearer insight into the home's structural condition before closing the sale and therefore, be more confident with the final selling price. Our REALTORS® are eager to introduce you to so many beautiful Southport homes for sale, and once we find your dream home, here's what you'll need to know about proceeding with a home inspection.
Well Worth The Investment
Many prospective home buyers don't realize that it's traditionally the buyer's responsibility to obtain the home inspection, especially if it's their first home purchase. The inspection may cost you a few hundred dollars, but it will help you determine whether what you plan to offer is in line with the home's true value. The inspection may confirm that the home is in great shape, but it can also bring to light potential problems and needed repairs. It's much better to invest in the inspection now than to be faced with unpleasant surprises after you close on the home.
Always Go With A Pro
The home inspection process and subsequent report are an important part of your decision to purchase a home and just how much money you're willing to offer for it. You may be able to get solid recommendations for an inspector from friends, family or colleagues, but be certain that he or she is qualified and even certified in states that require certification. Your inspector will schedule a time to inspect the home, and the process usually lasts a few hours. Their job will be to review the home thoroughly for structural integrity and to identify any deficiencies and potential problems. The inspection should be thorough, and some major areas being examined will include the home's:
Tag Along For The Inspection
It's a good idea to attend the inspection in order to see any potential problems first hand. You may see something you hadn't initially noticed when viewing the home, and the inspector may be able to clarify questions that surface during the inspection. Once the inspector is finished, an inspection report will be issued. It's likely that he or she will have found several issues, but it's often the case that the majority of them are minor and either inexpensive to resolve or something that can be postponed without harming the home's value. If major issues are found, you may be able to negotiate the price with the seller with consideration for the cost of needed repairs. With the report in hand, you'll be better able to confidently make an offer to purchase and be on your way to home ownership.
The housing market can be a maze of excitement and confusion, but our REALTORS® are here to make your experience simple and stress-free. If you're ready to buy or sell, contact Margaret Rudd & Associates, Inc., and let us show you a new standard of excellence!