Appraisal Addendum in North Carolina

Appraisal Addendum in North Carolina

I am hearing stories again of listing agents in North Carolina requiring Buyer Agents to provide an “Appraisal Addendum” with offers from buyers. Basically, the appraisal addendum is a commitment from the Buyer that if the home appraises below the sale price, the...
February 20, 2023 Triangle Real Estate Statistics

February 20, 2023 Triangle Real Estate Statistics

Today’s Stats: Total Active Listings:                                       4,950 Avg DOM Active Listings:                               26 Med DOM Active Listings:                               0 (New construction always at zero) Avg List Price Active Listings:     ...
Renting vs Buying a Home

Renting vs Buying a Home

The case for real estate ownership is still compelling even though there are some choppy waters across the country. Every three years, the Federal Reserve publishes their Survey of Consumer Finances (SCF). The new SCF won’t be published until September of this year,...
January 2023 Market Update

January 2023 Market Update

Hi there, I’m Brian Pate, a real estate instructor in Raleigh and Durham, North Carolina and your agent asked me to share some local real estate statistics with you. As always, if you have any questions, please contact your agent for details on how your house compares...