Green Haven Gazette

Looking for buying and selling tips on real estate? Check out the Green Haven Realty Blog. We write posts on local real estate trends for Winston-Salem, Clemmons, Lewisville, Advance, Kernersville, Greensboro, High Point and surrounding Triad (NC) areas, as well as market reports for Forsyth, Davie, Davidson, Guilford, Yadkin and other Triad counties as well as Neighborhood Market Reports (If you don't see your neighborhood listed, just ask and we'll be glad to add it). Let us show you how the latest technology can make buying and selling your home easier and faster.

Sept. 3, 2020

Lewisville-Clemmons Homebuyer Demand is Up

Homebuyer Demand Is Far Above Last Year’s Pace

Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, the coming weeks might just be the timing you’ve been waiting for.

lewisville-clemmons homebuyer demand is up

 

According to the Pending Home Sales Report from the National Association of Realtors (NAR):

Pending home sales in July achieved another month of positive contract activity, marking three consecutive months of growth.

The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 5.9% to 122.1 in July. Year-over-year, contract signings rose 15.5%. An index of 100 is equal to the level of contract activity in 2001.”

This means that for the past several months, buyers have signed an increasing number of contracts to purchase homes – well above where the market was at this time last year. Lawrence Yun, Chief Economist at NAR notes:

“We are witnessing a true V-shaped sales recovery as homebuyers continue their strong return to the housing market…Home sellers are seeing their homes go under contract in record time, with nine new contracts for every 10 new listings.”

Below is a graph that shows the impressive recovery of homes sales compared to previous years. The deep blue v marks the slowdown from this spring that turned into an exponential jump in sales that followed through the summer, skyrocketing above years past:Homebuyer Demand Is Far Above Last Year’s Pace | Keeping Current Matters

What Does This Mean for Lewisville-Clemmons Sellers?

If you were thinking about putting your house on the market in the spring, but decided to wait due to the pandemic, it may be time to make your move. Buyers are in the market right now. With so few homes available to purchase, homeowners today are experiencing more bidding wars, creating an optimal time to sell.  This has especially been true in the Winston-Salem and Lewisville-Clemmons areas.

Is This Trend Going to Continue?

As CNBC notes, there are no signs of slowing buyer demand this fall:

The usual summer slowdown in the housing market is not happening this year. Buyers continue to show strong demand, spurred by the new stay-at-home world of the coronavirus and by record low mortgage rates.”

Danielle Hale, Chief Economist at realtor.com, concurred:

“In a typical year in the housing market, buyer interest begins to wane before seller interest causing the usual seasonal slowdown as we move into the fall. Due to a delayed spring season and low mortgage rates, we could see buyer interest extend longer than usual into the typically quieter fall. Whether this means more home sales will depend on whether sellers participate or decide to stay on the sidelines.”

As Hale mentioned, homeowners who are willing to sell their houses right now will play a big role in whether the trend continues. The market needs more homes to satisfy ongoing buyer demand. Maybe it’s time to leverage your equity and move up while eager home shoppers are ready to purchase a house just like yours.

Thinking About Moving?

If your current home doesn’t meet your family’s changing needs, Green Haven Realty can help.  Call/text us at 336.462.9544 to help you sell your house and make the move you’ve been waiting for all year.  We're here to help you get what you want!

Aug. 30, 2020

Lewisville-Clemmons Home Prices Rise - July 2020

Lewisville-Clemmons Home Prices Continue to Rise

Our latest residential real estate market report is out for the Lewisville-Clemmons area. Home prices continue to rise as home inventory levels stay below average and interest rates creep lower.  The median home price in Lewisville-Clemmons was $301,750 in July 2020, which is up over 10% from the median home price in July 2019.  The median home sales price in our area year to date is $299,300, which is 9.8% higher than the period January thru July 2019.

Lewisville-Clemmons Home Prices Rise July 2020 

The average home sales price in July 2020 in Lewisville-Clemmons was strikingly up 21.4% to $

View More
Aug. 27, 2020

Aging In Place Home Modifications

What Modifications Does Your Home Need so You Can Age-In-Place?

An AARP survey of adults shows that 3 out of 4 adults age 50 and older want to stay in their homes and communities as they age.  Yet many (59%) don’t see "aging in place" happening for them. For those who can't stay in their homes, they will have to arrange other means for housing whether it's living with a family member or loved one, assisted living, or retirement home.  

 

Often, the homeowner cannot stay because their current home isn't accessible and needs modifications. Sadly, the vast majority of homes in Winston-Salem, Greensboro, High Point, Kernersville, Clemmons, Lewisville, and truthfully the entire state of North Carolina are not built for accessibility. Which simply means, a mobility scooter or wheelchair cannot get inside the door...any door. 

 

So, you're wondering what modifications do you need to make to your home to live there longer. You may need wider doorways, wheelchair accessible cooktops, or varying counter heights in your kitchen to name a few.

Aging-in-place kitchen in Winston-Salem, NC

Accessibility begins before you get to the door. If you're coming home from rehab or after a change in medical

View More
Aug. 27, 2020

Dr. Stephanie Sanders - Morgan Elementary School Principal

Get to Know Dr. Stephanie Sanders, Principal of Morgan Elementary School, Clemmons, NC

 

Tell us a little about yourself.

I am a Davidson Co native (born and raised). I am now raising my own child in the same county I grew up in. I am true Tarheel Girl in the truest sense and always have been and always will be a daddy’s girl. Enjoyed my four years there and go back every chance I get. I am huge sports fan and I am certain that I bring my competitive nature to the Principalship with me each day. I’d rather be watching Netflix and having no earthly sense of time, than having every moment planned in my day. I grew up teaching stuffed animals and now I am leading in my second school as a Principal of Morgan Elementary School here in Clemmons, NC.

Dr. Stephanie Sanders, Principal, Morgan Elementary School, Clemmons NC

 

Where did you earn your teaching certifications?

View More
Aug. 25, 2020

Multi-Family Properties for Sale in the Triad North Carolina

Are You Searching for Multi-Family Properties for Sale in the Triad?

Investing in Multi-family properties have always been a good real estate investment.  Many real estate investors say multi-family properties are their favorite investment for a number of reasons: 

  1. They are easier to manage.
  2. Getting financing is easier.
  3. They are one of the best options in real estate for building wealth.  
  4. They are cheaper per unit compared to single-family residences.

Greensboro Apartment Complex for Sale

The Piedmont Triad (or simply the Triad) is in the north-central region of North Carolina and includes Winston-Salem, Greensboro, High Point and surrounding areas.  Additionally, the Triad is an area with steady economic growth.  We've had smaller losses and gains, but overall the Triad is extremely steady. 

So, if you are searching for multi-family properties for sale to

View More
Aug. 17, 2020

Third Quarter 2020 GDP Projections

Will We Have an Economic Recovery in the Third Quarter 2020?

The news these days seems to have a mix of highs and lows. We may hear that an economic recovery is starting, but we’ve also seen some of the worst economic data in the history of our country. The challenge today is to understand exactly what’s going on and what it means relative to the road ahead. We’ve talked before about what experts expect in the second half of this year, and today that progress largely hinges upon the continued course of the virus.

What Lies Ahead

A recent Wall Street Journal survey of economists noted, “A strong economic recovery depends on effective and sustained containment of Covid-19.” Given the uncertainty around the virus, we can also see what economists are forecasting for GDP in the third quarter of this year (see graph below):

View More
Aug. 13, 2020

Luxury Real Estate in Clemmons, NC

Luxury Lifestyle and Southern Charm

Tucked away in the southwestern section of Forsyth County, Clemmons is one of the most popular neighborhoods in North Carolina. It attracts residents, young professionals and families with its beautiful expanse and lavish community. Clemmons is rich in culture, architecture, living standards, and its real estate market introduces us to a diverse taste of luxury.

Living in Clemmons allows residents to explore the bounties of a secluded and peaceful lifestyle in a picturesque little small town that offers an abundance of modern-day luxuries and resources. The community is vibrant and close-knit, and Clemmons offers a wide array of entertainment, recreation, retail and business facilities. 

Visit the Tanglewood Championship Golf Course for luxury lifestyle

 

 

Clemmons Luxury Homes

Indeed, the greatest attraction for residents and potential homebuyers is the luxury homes for sale in Clemmons, NC. Clemmons has a diverse historical background and a rich heritage that is visible across the magnificent architecture of the town. It is home to beautiful estates sprawling over acres and acres of lush green land, modern luxury homes, and tasteful architecture.

Clemmons Luxury Estate

Luxury homes and properties drive the robust real estate market of Clemmons. Residents who move to this picturesque community seek to make valuable investments that promise a higher rate of returns. Many luxury homes for sale in Clemmons, NC are fully restored architectural masterpieces that were constructed in the early

View More
Aug. 3, 2020

An Interview with Anna Balser - Lewisville Elementary School Principal

Meet Anna Balser, the New Principal of Lewisville Elementary School

It's really great to sit down today with Anna Balser.  Anna is the new Principal of Lewisville Elementary School.  She is a native of Clemmons and has been in this area all of her life.  Check out the interview below.

 

Tell us a little about yourself.

I am a native of Clemmons and graduate of West Forsyth High School and UNC-Chapel Hill.  I currently live in Pfafftown with my husband Doug, who teaches at Reagan High School, two children and three cats.

Where did you earn your teaching certification?

UNC-Chapel Hill

UNC Chapel Hill - Go Tarheels!

What was it like when you first started?

I started teaching right out of college and at that time email was a new and innovative technology.  I did not own a cell phone.  Teachers used an overhead projector and there was very

View More
Aug. 1, 2020

Winston-Salem Forsyth County School Locator and Home Address Search

Winston-Salem Forsyth County Schools Address Search and Home Search by School Zone

Many times when you are looking to buy a home in the Winston-Salem, Lewisville-Clemmons areas, the school zone is a major deciding factor.  Most parents prefer their kiddos to be in  a good school zone to ensure they are getting the education they need and deserve.  Below we will provide a link to search homes for sale by school zone as well as a link to search a particular Winston-Salem Forsyth County School by home address.  Both will benefit you in your local home search.

Find Homes For Sale by Using Winston-Salem Forsyth County School Zone Criteria 

If you are moving to the area and have kids, you have probably narrowed down your home search to a few different school zones.  Or maybe you are planning a move in the middle of the school year, and you want to keep your students in the same school whether that is Lewisville Elementary School, Meadowlark Middle School, Reagan High School, or any other Winston-Salem Forsyth County School. You can search  homes for sale on our site by school zone using our

kids in the Winston-Salem Forsyth County Schools classroom

View More
July 21, 2020

Selling Investment Properties

Pro Tips for Selling Your Investment Properties

couple discussing investment property

 

There are two reasons why people buy investment properties; to earn rental income and for capital gains. This means that the time comes in the life of every property investment when it has to be sold.

 

The reasons why people choose to sell investment property vary. It could be because they want to retire from the rental property business. It could also be that the value of the property has appreciated significantly and they want to cash out. Or it could be because they want to invest the proceeds from the sale of the property in a bigger property.

 

Regardless of what your reasons are for wanting to sell, one thing is certain. You want to make as much money as possible from the sale. But you can only do this when you know how to sell an investment property.

 

The challenges of selling an investment property are different from what you will encounter when selling your private home. And if you are not aware of the peculiarities of selling an investment property, you may lose money. Or even worse, you may find it hard to sell the property.

 

UpkeepMedia.com will guide you through the important things you should do to make the most profit when selling an investment property.

 

1.    Set the right price

set the right price when selling your investment property

What should be your selling price? Set a high price and you will scare buyers away. A low price and you will lose capital gains. To get the best price, you should do a comparative market analysis.

 

What did similar homes in the area sell for in recent months? Set your price a little lower than the home is valued at. This will help you attract buyer's attention. In the process of bidding, they may push the property's price to its actual value. But even if this doesn’t happen, you will gain more if you sell the home quickly.

 

2.    Make the right first impression

When selling a property, the perception you create in buyers' minds is critical. Buyers form their opinion the minute they set foot on the curb of your property. To make the best impression focuses on cosmetic updates, but more importantly, do the necessary repairs.

 

This means that broken windows, worn carpets, and broken appliances should be replaced. It also means painting walls, de-cluttering spaces, and keeping the home show-ready at all times. Make a daily effort to keep the home in the cleanest and tidiest state possible; in readiness for buyers.

 

3.    Make the kitchen and bathrooms a priority

 

Kitchens and bathrooms sell houses; they influence people's decision s to buy or rent a home. If possible, do an update of the style and design of the kitchen and bathrooms. Replacing countertops, updating vanities, and changing plumbing fixtures is recommended.

 

If this is not possible, a new paint job and thorough cleaning of the kitchen and bathrooms should be done. Replacing old appliances and changing worn-out handles will improve the appeal of the kitchen and bathrooms.

 

4.    Study the local housing market

The buyers of your property will also want to rent it out. They will be looking beyond the price and condition of the building. Buyers will also be concerned about the real estate opportunities in the area.

 

What is the employment market in the area like? Are there companies' headquarters nearby? Is there a college campus in the area? You will sell your property faster if you provide answers to the questions potential buyers may be asking. By incorporating this information into your marketing, you give your property a bigger selling point.

 

5.    Maximize rental income and minimize expenses

 

laptop - a tool for real estate investing

Buyers want to see proof of the real estate opportunities in an area through the actual amount of rental income you generate. They also want to know that the maintenance costs of a property will not be excessive.

 

A well-maintained property tells buyers that renters will not be in short supply and that the home will continue to appreciate. If a property meets buyers' requirements in terms of rental income, maintenance cost, and a promise of capital gains, they will be much more interested. Making the cash flow on the property available to buyers can be your best ad.

 

6.    Know the applicable tax laws

Knowing the relevant tax laws will help you avoid paying too much in taxes or paying taxes at all. By using the right tax code, you can defer paying capital gains tax on a property; if you use the funds to acquire a similar property. Taxes can make the difference between selling for profits or at a loss.

 

7.    Stage the property and take professional photos

living room chairs

Set up your marketing to make the most of how properties are marketed and sold today. First, stage the home to make the greatest visual impact on buyers. Second, have professional photos of the staged home taken. The reason for this is almost 90% of prospective buyers will first encounter your home on the internet. And when selling online, image is everything.

8.  Call Your Local REALTOR® at Green Haven Realty

We're real estate investors as well as licensed REALTORS®, so we know how to make an investment property sell.  We've done it ourselves many times!  Whether it's pricing, staging, kitchen and bath recommendations, or local market data, we have the knowledge and experience to point you in the right direction.  Call or text us at 336.462.9544.  We're here to help!