Elise Wedge - Fathom Realty

01/28/2025

Did you know that Raleigh is currently ranked as the second hottest real estate market in the country? 🤯

In December, the average home sale time dropped to just 39 days, a 53% improvement from the 89-day average we saw in December 2023.

Here’s a breakdown of how homes are selling:⬇️

58% of homes sold below asking price
26% sold at asking price
16% sold above asking price
So, what does this all mean for buyers? Despite the shifts, it’s still a great time to jump into the market! Whether you're a first-time homebuyer or looking to make a move, the opportunity is there. Let’s connect to find the perfect home for you!

01/13/2025

Home Equity is such a great way to build wealth! Here’s a look at how much equity/wealth is built over 5,10, and 15 years when buying a home, and the numbers may be more surprising than you think! If you’re ready to start the journey to home ownership, lets talk!

10/24/2024

The scariest thing this spooky season is trying to sell your home without a Realtor. Don’t let trying to sell on your own haunt you. Contact me today and sell your house so fast you’ll think it’s magic 🪄✨

08/19/2024

Are you flirting with making a move to NC?🚚

⬆This past June the entire southern region had the highest increase in pending home sales month over month in the entire country. According to census.gov North Carolina ranked 3rd in population numeric growth and 5th in percent growth from 2022 to 2023. Lower cost of living, weather, job market, growth in tech, and lifestyle are just a few among the reasons why so many are flocking to the tar heel state. The steady increase in population growth has contributed to the local housing market and shows no sign of slowing down.

If you're looking to relocate to or within the great state of North Carolina I'm your girl! I know from my own personal experience it can be one of the most stressful times in your life but I can help walk you through it. So what are you waiting for?

08/13/2024

Unless you follow the latest news in the real estate world you probably haven't heard of the recent settlement that occurred with the National Association of Realtors and the impact that it's going to have in the housing market. Here's what you need to know to navigate the changes ahead.

The National Association of Realtors is requiring before any member (AKA Realtor) turns key to show a home a Buyer Agency Agreement has to be in place. This now will demand that any buyer will have be in contract designating the Realtor as the buyers representative in a real estate transaction before the realtor can show any home listed for sale to the buyer.

Prior to the settlement the National Association of Realtors required that some nominal compensation from the listing agent be brought to the buyer agent in able to post a listing on the MLS. The compensation to the buyer agent occurred in many forms decided upon the agreement the sellers made in the listing contract with their agent. Most often the buyer agent would be compensated with the funds from the commission the listing agent received in accordance to the agreement the agent had with the sellers. The settlement agreement has changed this requirement. A listing agent will no longer be required to compensate a buyer agent to post a listing on the MLS.
Buyer agent compensation has always been negotiable and never has been a required X amount of dollars or percentage. Only some type of compensation was required to post a listing on the MLS. This settlement does not eliminate a listing agents ability to compensate a buyer agent or a sellers ability to negotiate the compensation that is being offered to the buyer agent. It only eliminates the requirement in regards to the MLS. For context the MLS or multiple listing service is the largest database of homes for sale and allows all agents and brokers who pay and participate in the MLS to find homes for clients and access information and relevant documents relating to the property.
The potential impact that this could have is that sellers may now choose to offer no compensation to the buyer agent. If a buyer finds themselves purchasing a home using a buyer agent and the sellers are not offering compensation the buyer will have to compensate whatever commission was agreed upon to their buyer agent. This means that buyers may now have to be prepared to bring more money to the closing table if they find themselves in this scenario.

It's tough to predict the size of the impact this change will have on sellers and buyers alike and how the market will respond. I am staying as informed as possible so I can help you be as prepared as possible. More discussions on this topic are in the future and in the mean time if you have any questions or uncertainties I am here to help!

08/07/2024

With tropical storm Debby making its way to NC now is a good time to talk about emergency preparedness and what you can do to protect your home during an extreme weather event.

Start by bringing any lawn furniture or trash cans that can be picked up by high winds indoors. If thats not possible secure and anchor down any loose items as best as you can.

Protect your windows with storm shutters or pre cut plywood.

Clean out your drains and gutters and consider installing a sump pump with a battery backup.

Call your insurance company and go over your policy and confirm whats covered and whats not.

Consider investing in a backup generator in case you are faced with a long term power outage. Keep in mind to never run them in an enclosed space. They emit carbon monoxide which can be deadly.

For more information click the link below to view the Hurricane guide from ReadyNC and stay safe!

https://www.readync.gov/hurricaneguide2023enpdf/open

08/01/2024

Investing in homeownership is one of the smartest financial decisions you can make, especially in today’s economic climate! Check out this info and learn how the best defense in today’s market is a good offense!

07/25/2024

Housing bubble and housing market seem like synonymous words these days. But are we really in a bubble?

07/24/2024

With all the rain that's been coming our way now is a good time to be thinking about your flood insurance needs. ☔️

Should you buy flood insurance? Learn about the federal flood insurance program, who should buy a policy, and how much it costs from HouseLogic.

07/24/2024

Hey ya'll!

I'm glad you're here. My name is Elise and my passion is helping make home ownership dreams come true. I'm an Ohio native and my little family and I relocated to Raleigh in 2023. Our experience is a little unique because we've actually relocated to Raleigh twice! We first moved to Raleigh in 2013 and left to go back to Ohio in 2016 to complete some career goals but our hearts remained in NC and we leaped at the opportunity to come back. Needless to say my experience in relocating is two fold and I know firsthand what the stress and excitement of making a big move is like. I worked in real estate in Ohio and I'm excited to continue the adventure in the heart of NC. Whether you're a first time home buyer or an experienced homeowner I got your back!

06/04/2024

Don't navigate the market alone. I'm here to partner with you for all your real estate needs. Are you ready to get started?