Tag Archives: market

Thoughts on recent NAR lawsuit from a seasoned local Broker-in-Charge

I am Laura Evans, the owner and Broker-in-Charge of Fuquay-Varina’s Independent real estate firm; Front Porch Realty.  I have been selling our local real estate since 1996 and have gained insight over the years, seen the ups and downs, and so much more! Here are my thoughts on the recent National Assocition of Realtors® lawsuit and settlement…I have said it will be “Business As Usual” for Front Porch Realty and I am still declaring this, here is why –  
Here at Front Porch Realty, we have always been professionals when helping our seller and buyer clients.  At first contact we review the North Carolina Real Estate Commission’s WORKING WITH REAL ESTATE AGENT DISCLOSURE and enter into an Agency Agreement with them.  That way ethically, and legally, we can represent our client(s).
Traditionally, the sellers in North Carolina have paid their agent’s commission and their agent shares part of that commission with the agent that brings the buyer. This is one of the major changes dictated by the lawsuit. This compensation agreement has always been spelled out in our Agency agreements with great explanation to our seller clients, however “buyer’s agent” commission has also always been displayed on our local MLS for buyer’s agents to see.  With the recent lawsuit settlement changes, local MLS platforms will no longer be able to display any commission or fee a seller, or seller’s agency,  is willing to pay to a buyer’s agent. With this now in place, some agencies will need to either get their commission paid by their buyer client OR request the seller pay their commission when writing an offer to purchase.
At first glance, this may be a more “fair” way for agents to get paid for their services (the actual buyer they are representing pays them) however, forthcoming I see lots of unfortunate possibilities for buyers, as well as home sellers.
What if the Buyer does not have the funds to pay for their representation?  
They won’t be able to get proper legal representation for one of the biggest money transactions of their life?
What if a seller offers to pay a Buyer’s Agent for one offer and not another?
I see big Fair Housing red flags.
What if a neighboring home is offering a large Buyer’s Agent compensation and you are not offering any compensation to Buyer’s Agents?  ( Buyer’s agent compensation will be allowed to be displayed in all marketing of homes)
Is your home going to get “passed over” by buyers that can’t afford to pay for their representation?
      To me, this ruling is an unfortunate step backwards in the world of buying and selling homes.  Commissions have ALWAYS been negotiable, and will continue to be.  Front Porch Realty agents hold themselves to the business ethics standard proclaimed by the National Association of Realtors® and we will continue to do so.         The second big rule change stemming from the NAR lawsuit is that Buyer Agents MUST enter into a written Buyer Agency Agreement with their buyer CLIENT prior to showing them a home. This is another “Business As Usual” practice for Front Porch Realty.  We KNOW there are lots of agents out there that will show prospective buyers homes at the drop of a hat, whether qualified or not, this has never been our practice at Front Porch Realty.  As a seller, do you really want a non-qualified buyer touring your home? We have practiced teaching and educating our buyers on what to do when entering the housing market to position themselves into the best possible scenario to buy a home. The key term here is CLIENT. Of course buyers will still be able to find an agent that will jump for them anytime, day or night, to show them a home in hopes they can “make the sale”.  Rest assured, Front Porch Realty agents put a lot of time, effort, and professionalism into helping our buyer client’s find a home and get them through offer to close.       Let us know how we can help you in your next real estate adventure!       -Laura Evans   Click HERE to get in contact with Front Porch Realty TODAY!

The Power of Local: Why Selling Your Home with a Local Real Estate Agent Matters

In the bustling world of real estate, the decision to sell your home is a significant one. It’s not just about listing a property; it’s about navigating a complex transaction that holds loads of emotional and financial weight. In such pivotal moments, the expertise and dedication of a local real estate agent can make all the difference.   At Independently Owned and Operated Front Porch Realty, we understand the unique charm and enticement of the Fuquay-Varina community. Our roots run deep here, and our commitment to serving our neighbors is unwavering. Here’s why choosing a local real estate agent like us is paramount:  
  • Community Knowledge. Selling a home isn’t just about the property itself; it’s about understanding the neighborhood, schools, amenities, and local market trends. Our agents live and breathe Fuquay-Varina, giving them an intimate understanding of what makes each area unique. From the bustling downtown scene to the tranquil suburban streets, we know the ins and outs of our community and we cannot wait to show you around!
 
  • Personalized Service. When you choose Front Porch Realty, you’re not just another transaction; you’re family. We prioritize personalized service, taking the time to understand your unique needs and goals. Whether you’re a first-time seller or a seasoned investor, we tailor our approach to ensure a seamless experience from start to finish.
 
  • Top-Tier Marketing. Selling a home requires more than just sticking a “For Sale” sign in the yard. Our marketing strategies are second to none, leveraging the latest social media trends and techniques to showcase your property in its best light. From professional photography to targeted online campaigns, we leave no stone unturned in maximizing your home’s exposure.
 
  • Passion and Commitment. At Front Porch Realty, real estate isn’t just a job; it’s our passion. We genuinely care about the people we serve and the communities we represent. Every member of our team is dedicated to going above and beyond to ensure your satisfaction, at the end of the day your success is our success.
 
  • Full-Service Experience. Selling your home involves plenty of moving parts, from negotiations to paperwork to closing. With Front Porch Realty, you can rest assured that we’ll be with you every step of the way. Our comprehensive approach covers all aspects of the transaction, allowing you to relax and enjoy a stress-free selling process.
  When it comes to selling your home in Fuquay-Varina, don’t settle for anything less than the best. Don’t trust your most valuable asset to just anyone—trust the local experts who know, care, and are truly invested in your success.

READY TO SELL WITH FRONT PORCH REALTY?

 

919.577.0175

 

fprealtync@gmail.com

 

FACEBOOK / INSTAGRAM

Fuquay-Varina End of Year Market Update : 2023

Here is a quick look of our Southern Wake and Harnett counties 2023 Year-end Market Update!
2023 brought us a much slower-paced market with months of inventory just beginning to look slightly balanced. Buyers were priced out of the market with the rising interest rates, and sales prices holding steady. Rents are high, but house payments are even higher. Our end of the Triangle in Southwest Wake and into Harnett County is continuing to experience business and retail growth which will continue to bring buyers to our area. Supply of resale homes will continue to be low as those resale owners that have refinanced in recent years are choosing not to go anywhere.
Front Porch Realty has opened our Property Management division, Front Porch Rentals, for residential and multi-family units. Front Porch Rentals is thriving, please keep us in mind for yourself or those investors you know!
In summary, we saw a decrease in units SOLD across the board except New Construction in Harnett County. Price / square foot increased slightly from 2022 and we saw Average Sales price decrease for New Construction and increase for Re-sale homes.
Let Front Porch Realty be your “go to” for all of your LOCAL real estate needs, rest assured you will be extremely satisfied with our level of professionalism and expertise.
Follow us on Social Media –
FACEBOOK INSTAGRAM

Laura (Moody) Evans: A Pillar in Fuquay-Varina Real Estate

For nearly three decades, Laura Evans has been a steadfast presence in the real estate landscape of Fuquay-Varina and the surrounding Triangle area of North Carolina. With unwavering dedication and a passion for her community, Laura has not only facilitated countless successful real estate transactions but has also left an indelible mark on the lives of her clients and the neighborhoods she serves.

Laura would like to announce her most recent accolade as one of the Triangle Real Producers TOP 500 Agents of the Triangle for 2023. This recognition among her peers speaks volumes about her dedication and expertise in a highly competitive market, where she stands out among approximately 15,000 licensees.

Over her career, Laura has built a reputation for excellence, earning her a loyal clientele base that includes many repeat clients and referrals. Her success can be attributed to her unwavering commitment to exceptional professional communication and negotiation skills, ensuring that her clients’ needs are met with precision and care. Laura extends her heartfelt gratitude to each individual who has placed their confidence in her expertise, whether it be through their initial home purchase, subsequent sales, or the invaluable referrals they’ve provided.

Laura Moody Evans isn’t just a real estate agent; she is a prominent figure in bridging the gap between schools and businesses of Fuquay-Varina, fostering a collaborative environment that benefits both sectors. Moreover, her commitment to social responsibility shines through Front Porch Realty’s Give Back program. This initiative, which collects household goods from their sellers preparing their homes for sale, and passing them on to those in need, demonstrates Laura’s compassion and dedication to her community.

Her dedication to both her clients and her town is a testament to her unwavering commitment to making a positive impact, one transaction at a time. Contact Front Porch Realty today for any real estate needs you may be looking for!

2nd Quarter Market Update 2023

We are still seeing low inventories across our market; however, we are beginning to see a more balanced market, and even a slight buyer’s market at higher price points and with some new construction. Keep in mind, often new construction is listed at time of permit, so our “Active” numbers are a little skewed as “active” does not necessarily mean “available” for quite some time. Price/square foot has decreased over the last year due to an increase in new construction inventory; re-sale homes are still highly competitive as they are usually on larger lots and ready for immediate move-in.
 
I believe our local housing market is going to continue to be robust despite rising rates. We still have such a surplus of people moving into the entire Triangle area. Buyers right now are coming from all over the country in addition we always have local renters, empty nesters, and growing families staying locally in Fuquay-Varina. Please consider Front Porch Realty YOUR LOCAL go to real estate company and follow all of our social media!
FACEBOOK
INSTAGRAM

2023 Spring Sellers Market Outlook

If You’re Thinking of Selling Your Home, Spring is the Perfect Time

Traditionally we have all heard; “Wait until the Spring to put your home on the market!” While Spring is a fine time to sell your home, what I have learned while selling homes in Fuquay-Varina for the last 30 years is there really isn’t a “bad” time to sell your home in the Triangle area of North Carolina!
Yes, Spring brings the school-minded families out hoping to get all settled in a new home before school starts but we all know Wake county doesn’t have a “traditional school calendar” and hasn’t for a very long time. Of course, LOTS of our transplants that are looking for homes in our area are coming from areas of the country where they only know the traditional school calendar of September to May. So, Spring makes a perfect time to sell your home.
Spring also entices us all to do our “Spring Cleaning” …does anyone else remember washing walls with a bucket and sponge and windows inside and out with a vinegar bottle and newspaper on their Spring Break?? After a good cleaning out from our winter months, putting your home on the market to sell is a great idea!
I have seen over the years that if someone is looking for a home in the winter months, they “have” to move and are very serious. We don’t have to worry, most years anyway, about moving in the snow or bitter cold but we know our “transplants” do! I have always told my owners that were thinking of putting their home on the market in the fall or winter but they want to “wait until Spring”, why wait until you have lots of competition out there? May as well sell when no one else is! It’s all about supply and demand!
Speaking of supply and demand, we are STILL seeing a shortage of homes in Fuquay-Varina and the surrounding areas. We just put a home on the market last Friday afternoon and received multiple offers before the weekend was up! Yes, the mortgage interest rates are going up, but rising rates are not stopping buyers needing a home in our area! Buyers know they can always refinance their home loans when the rates head downward again.
Front Porch Realty is the only LOCAL INDEPENDENT real estate company in Fuquay-Varina. We all eat, live, and play here and most of all we KNOW our Fuquay-Varina real estate market. We consistently have buyers from all over the country contacting us as they find us on Google and can quickly see we are the LOCAL leader of Fuquay-Varina. I publish a hyper-local quarterly Real Estate Market Update, let me know if you would like to receive it by email or snail mail. Oh, and Front Porch Realty just partnered with Front Porch Rentals offering Property Management for our local homeowners!  
Let us know how we can help you!
-Laura (Moody) Evans, Broker/Owner
Front Porch Realty | 604 N Main St Fuquay-Varina | 919-422-4542
FrontPorchRealtyNC.com

MARKET UPDATE YEAR-END 2022 | SW WAKE COUNTY

Happy New Year!
 
Just when we thought real estate in the Triangle could not surprise us anymore! 2023 brings us a much slower-paced market with months of inventory just beginning to look slightly balanced. Our buyers slowed way down; I believe partly because they were priced right out of the market with the rising interest rates as well as out of an abundance of caution.  Rents are high, but house payments are even higher.  I believe buyers at every life stage took a step back and are cautiously analyzing what is important to them in their household. Despite that, the Triangle is continuing to experience record growth which will continue to bring the buyers to our area. We will continue to see a shortage of re-sale homes as those re-sale owners that have refinanced are choosing not to go anywhere.
 
See our Year-End 2022 Market update here –
4th Q 2022
 
Front Porch Realty has exciting news; we are getting ready to offer Property Management services for residential and multi-family units. Watch for our public announcement coming soon and let us know if we can help you, or anyone you know, with their property management needs. We have invested in a streamlined program/app that is going to make it super easy for the renter and landlord! Be sure to follow along to stay in the know of all of our happenings!
 
If you would Like to receive our quarterly local Market Update regularly in your mailbox, or inbox, LET US KNOW!  
-Laura Moody Evans
Broker-in-Charge/Owner

A Small Town with a Historical Past and a HUGE Future

Fuquay-Varina (FeW-kWAY VAh-Ree-NUh)

SMALL TOWN ATMOSPHERE

Although growing, and we mean growing FAST, Fuquay-Varina still maintains it’s small-town atmosphere. Supporting local is a key factor to this along with the outstanding community Fuquay-Varina holds. With events held all over our town throughout all seasons, to local companies that are known world-wide, Fuquay-Varina has it all. Fuquay-Varina locals shop, drink, and eat local and there is a good reason for that. We have some of the best breweries around, delicious food found on every street in both Districts, and activities for all ages, young and old! Aviator Brewery, well-known all over in Grocery Stores and Gas Stations originated in Fuquay-Varina and is a hit for locals and visitors! Take a ride on the Brewquay Prowler to explore the multiple breweries Fuquay offers with a group of friends! Stop into our favorite dive-bar for a delicious custom drink and if you’re lucky, a yummy bite to eat if you see that neon burger sign lit up at The Brick! Anywhere you venture to in Fuquay-Varina, you are sure to find a smiling face!

LESS THAN 20 MILES FROM DOWNTOWN RALEIGH

Continue reading →

2021 YEAR-END MARKET UPDATE

Happy New Year! Looks like our local real estate market will continue to be a buzz topic in 2022. The Wake county Register of Deeds office just reported December 2021’s Median Sales Price for Wake County Real Estate was $411,000, the highest of all-time, wow! Most of our numbers trended slightly lower however with a 10-30% increase over last year’s SALES PRICES! We took an in-depth look at our 2021 housing market, in particular compared to our 2020 numbers. See our report Here. 2021 Year-end Just like last year, we have a high number of new construction homes that had not closed yet so I took those numbers into account again as well. It looks like some of our new homes are starting to catch up a bit with supply so that is helping improve our inventory. This improvement is mainly being seen in the outer areas of our market; Harnett County home sales prices have increased by as much as 30% over 2020 pricing whereas Wake County was more in the 20% range. Front Porch Realty has some exciting news; we now have a satellite office in downtown Clayton! This office location helps us round out our service to the entire west, south and east of the Triangle. Be sure and think of us if you have friends, family, or business partners Clayton way. If you would rather receive this report by email, please let me know. In addition, if we can be of any assistance to you or your clients, rest assured they will be extremely satisfied with our level of professionalism and expertise. Please stay safe and we hope to see you real soon!