Aaron Timmins Real Estate - BHGRE Paracle

09/23/2022

The forecast this weekend is beautiful. Stop by my listing Saturday & Sunday to see all the amazing upgrades this home has to offer. You won't find a double-laundry, double kitchen nearby. The bottom floor lock-off makes for a great entertaining space. Poker anyone?

09/15/2022

Better Homes and Gardens Real Estate Paracle - Raleigh/ Durham

08/23/2022

Are we in a "housing recession"? What even is a housing recession? Who is 1337 Realty? These are all great questions.

According to Lawrence Yun, chief economist of the National Association of Realtors, "We're witnessing a housing recession in terms of declining home sales and home building", but it's "not a recession in home prices." While both sellers and home builders are starting to pile on concessions, we're still in a strong seller's market, but for how much longer?

Inventory in the resale market is up to 1.2 months of supply, which we have not seen since July 2020. Home prices took their first "significant" dip since May of 2020 (if you consider 2.5% to be significant). And the percent of list price that sellers are receiving has drastically reduced to 1.5% over (yes, over) list. These are all great signs for folks who have been waiting for the right time to hop in.

With these new market adaptations, I believe we're in a reversion to more normal conditions. Recession or not, these recent fluctuations have been a boon for buyers. And while home prices typically cool off after the summer, that part of the market hasn't quite fully capitulated, so waiting for the right time to buy is still a gamble. Stay tuned later this week for a deeper dive into this and who this 1337 Realtor is.

08/15/2022

I'm trying to think of the right David Byrne lyrics for this post, but they're not coming to me. Perhaps you can help me with this! Music aside, I was able to help my client put two properties under contract (with the aid of some amazing folks in the area!) in Wilmington. These are commercial unimproved lots -- or vacant land -- nestled right near the Cape Fear river. I'm usually one to refer properties out to folks if they are not within my service area, but my client insisted on using me! I'm so happy to help them build their portfolio. Are you looking to add to your personal/professional balance sheet? Hit me up!

📲 919.219.9734

08/08/2022

NEVER accept "as-is". Closed on this home that was under contract -- in a HOT, seller's market -- where we were able to negotiate $10,000 in repairs. This is my client's first portfolio home. She's doing it right and has decided to invest in her future with a rental property. Don't let any market dictate your actions. If you want it bad enough, it's within reach. Congrats, Megan!

08/05/2022

This one right here. This family worked hard to get to this moment! They were determined to become homeowners again, so we put in the sweat equity and started pounding the pavement. After 6 months of getting financials on track and scouring the market, we arrived at 713 Papsworth with a fresh pre-approval in hand. What an exciting day it was! With the help of our lender, we were able to to scoop this home up and close on time. Now the fun work begins! From slathering some fresh paint on the walls to installing a new privacy fence, the Hills are going to have their hands full. I cannot wait to go to their house-warming party where I can assure you Overkill is going to be on full blast!

The dream of homeownership is one call away. What are you waiting for?

📲 919.219.9734

07/21/2022

Check out my latest newsletter! The market has shifted, and it's time for hesitant buyers to take the reigns.

“I’m going to wait for the market to crash, and then I’m going to hop in.” “Prices are going to come down; I’ll buy then.” Investors want you to think this way. It leaves them more unfettered to gobble up homes at prices you might otherwise be able to afford.

06/29/2022

Under contract! This one is very special to me. The Hills have worked so hard to get here, and I cannot wait for them to plant their feet firmly on NC soil. They have been out here renting for almost a year but knew they needed to be in their own home. We had some hiccups and bumps in the road, but we stayed the course and it is paying off! Don't let anything get in the way of you owning your own home; it is possible!

06/07/2022

Summer is heating up, but prices aren't cooling down! In April, the average sales price of a resale home was just shy of $560,000 here in Wake County. We are in peak real estate season right now, so you can expect to see inventory and sales rise while days on market contracts. If you're looking to buy or sell a home, get in touch with me!

05/18/2022

Are you ready to start the next chapter of your life? What better place than this gorgeous home, built by Mungo Homes? Stop by between 11 and 3 for some rejuvenating refreshments and to be swooned by your svelte host.

05/02/2022