It’s standard practice for lenders to sell home loans to another company, including Freddie Mac. This practice allows lenders to replenish their supply of mortgage funds to make more home loans. If you received a letter titled “Freddie Mac Has Purchased Your Mortgage Loan​pdf“, don’t be alarmed. The letter is for informational purposes only, and you do not need to…

March 2024 MLS REPORT The High-Country Multiple Listing Service reports 133 local Residential Sales including both single family and condo/townhouse properties during March for a combined closing total of $65.6 million for the month. That combined local median sales price was $432,500, and the median days the properties stayed on the market was 76 days.…

September 2023 MLS REPORT The High Country Real Estate Market was busy in September, as is typical for this time of the year. The High Country market reported 229 closed sales on Residential Properties during the month, totaling over $133 million in sales for Alleghany, Ashe, Avery, and Watauga Counties combined. The combined median sales…

  For the First Month of 2023 the High Country MLS reported that in the four county jurisdiction of Ashe, Avery, Alleghany, and Watauga counties, there were 106 closed sales for Single family, including Condos and Townhouses.  Sales are down from December, however that is expected this time of the year. The Median Sales Price…

Pending home sales trailed off for the fourth consecutive month in September, according to the National Association of REALTORS®. All four major regions recorded month-over-month and year-over-year declines in transactions. The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, slumped 10.2% to 79.5 in September. Year-over-year, pending transactions…

Pre-Listing Checklist for Sellers: Curb Appeal: Front Entry: Check your front door to see if it needs painting.Polish door fixtures if needed.Purchase a fresh welcome mat.Hanging baskets also make a nice visual appearance. Paint: Paint the outside of your home if needed. Landscaping: Find your green thumb. Potted plants and flowers will make your home…

I hope this article finds you well! We have had many recent inquiries about the impacts of COVID-19 and how they are affecting the real estate industry. Locally, we have felt some impacts from this unprecedented time and are adapting as things progress. I will elaborate on some of the effects below and how we…

Home Buyer Checklist: “Pre-Approval to Closing”  Understand your budget and what amount you are comfortable in paying toward a mortgage which includes funds needed for down payment and closing costs.  Plan accordingly and prioritize your budget which could take some time in executing but will be beneficial in the initial planning stages of buying a…

Pre Closing Check List for Sellers Notify every one of your change of address including the postal service, credit card companies, etc.Talk with Buyer about transferring utility services into their name because it could save Buyer connection fees if utilities are transferred instead of disconnected.Speak with cable and internet company about modems and cable boxes…

Questions and Answers on: OFFER AND ACCEPTANCE The purchase contract is the most important document in any real estate sale. It must reflect the entire agreement between the buyer and seller. This brochure examines issues arising during contract negotiations in residential real estate sales transactions. In particular, it focuses on “offer” and “acceptance”: the process…