High performance real estate blog

Buying a New Construction Home the Right Way

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Inventory is shrinking in our market, which means many buyers are opting for new home construction instead of buying resale homes. If you’re thinking about building a new construction home, there are a few important things you should know about the process to protect yourself at the highest level.

First, remember that on-site agents in the new home construction community work for the builder. We often find that, as consumers, buyers have a tendency to run straight to the new home construction community and disclose everything to that on-site agent. That’s a big no-no in our industry. That on-site agent has a fiduciary responsibility to their employer—i.e. the builder—to disclose everything you told them.

The best way to protect yourself against this is hire a top-notch agency like High Performance Real Estate to represent you. It doesn’t cost you anything, and there are many variables that go into a new home construction that you might not otherwise know to take care of, like getting a pre-inspection before the drywall goes up or checking the foundation for serious issues.

We’ve heard our share of horror stories selling resale properties for people who bought new construction homes directly from the builder and later on has serious issues with that home. Many buyers think it will cost them money to have an agent represent them in the new construction community, but that’s not the case. Builders aren’t allowed to increase their price just because you choose to use an agent.

There’s no obligation to sit down with us for a consultation and let us tell you about which new construction communities are out there, which builders are offering incentives, and the special access we have to builder closeouts.

If you have any other questions about our market or you’re thinking about buying or selling a home, don’t hesitate to reach out to us. We’d love to help you.

10 Key Questions to Find the Right Agent Here in Charlotte

Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

We have a lot of people hoping to sell their house for top dollar in the spring market, and finding a real estate agent will be a big part of that. There are 10 key questions to ask to help your search. Today, we wanted to highlight three of the most important questions:

  1. Will you be locked into an agreement? Many agents will lock you into a 12-month agreement you can't get out of even if they're not doing their job. We have an easy exit guarantee where you're not obligated to keep using us if we're not doing our job.
  2. Can I see a list of buyers? Have the agent show you the list of buyers in their database who are interested in your property right now.
  3. Do you have testimonials? Many agents can talk the talk, but not many actually walk the walk. You can see our testimonials here.

If you'd like a free copy of the report and all 10 key questions to ask, don't hesitate to give us a call or send us an email. We'd love to help you however we can.

We’re Looking for High-Performance Candidates

Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

If you’ve ever thought about a career in real estate, you’re in luck. We are currently looking for people to join our fast-paced team of Charlotte real estate agents, and we have a number of positions open. We have positions where you can help people buy Charlotte homes or positions where you can help people sell Charlotte homes. We’ve also got open positions for inside salespeople, who are always on the phone making things happen.

We are always looking for talented people. It’s the common denominator of everyone on our team. Another thing all our team members have in common is that they align with our core values. There are six of them and if you align with them too, you should consider joining our team of Charlotte realty agents.

1. We hustle and we work hard. It is hard to succeed at anything in life if you aren’t bringing a level of hustle that others don’t bring to their work or their life.

2. We embrace accountability and discipline. Gary Keller says all the time that “Accountability is the breakfast of champions.”

3. We bring a positive attitude. There is so much that can go wrong in a real estate transaction. We liken it to a plane taking off and a plane landing. There is constantly a storm brewing in Charlotte real estate, so we are just trying to land the plane at its destination with as little turbulence as possible. We need people to bring a positive attitude and be the calming presence in a storm.

4. We have a growth mindset. You’re either green and growing or ripe and rotting. We are always growing, as the real estate industry is changing constantly.

5. We are team players. HPREA is building a team of professionals and a team of specialists. We have people who only show Charlotte properties, we have people who spend their days on the phone outbound dialing, and we have people who focus on negotiating repairs. We’ve deconstructed the real estate process all the way down.

6. We do the right thing. Whether anyone is looking or not. We sleep well every night because we do the right thing every single day.

If you have any questions for us or are looking to start a career in real estate, don’t hesitate to give us a call or send us an email. We would love to hear from you.

Don’t Miss a Great Opportunity to Sell Your Home

Selling your Charlotte area House? Get a free price evaluation
Buying a Charlotte area Home? Search all homes for sale

Recently, we were digging into our MLS and we came across some important data that you need to know about.

Right now, we do not have enough inventory for the number of buyers in the market. When the market hit bottom, there were 33,000 homes for sale. Now, we only have 16,000 homes for sale — that means there are even fewer homes on the market than there were during the market peak.

Days on market have also dropped. When the market was at its peak, the average days on market was 40. When the market hit bottom, the average days on market was 90. Now, homes are on the market for an average of 20 days. Not only that, but the price per square foot is 5% higher than it was during the peak of the market.

 

We embrace accountability and discipline.

 

The bottom line is we need inventory. There are 60,000 buyers in our database, so we are desperate for homes to sell. If you are just thinking of testing the water, give us a call. We’ll give you a no cost, no obligation, home equity evaluation. We will go through exactly what’s going on in your neighborhood.

The numbers we went over today are general market statistics. We can tell you exactly what is going on in your neighborhood so that you will know what you can net at the closing table.

Please reach out to us. We need more inventory for our market. In fact, we have 61 active buyers right now who cannot find homes. These buyers are cash buyers or they are fully pre-approved; they can all close in seven to 10 days. If you want a painless, simple selling process, give us a call or email us at info@hprea.com

As always, if you have any other real estate questions, give us a call. We are always happy to help you!

This Is Not a Drill: Interest Rates Will Increase in 2017

We have some news that we would like to share with you today. We recently found out that there are three interest rate hikes scheduled for 2017. We’ll talk a little bit about how this is going to affect our market today.

For every 1% increase in interest rates, a buyer’s monthly payment goes up 10%. This means if you wait to buy, you will have 10% less buying power and won’t be able to purchase as much home for your dollar. That being said, if you’re ready to purchase a home, give us a call and we can connect you with one of our trusted lenders to get the process started.

Sellers are going to be affected in a similar way as well. Their selling power is going to decrease by 10% in response to a shrinking buyer pool. So, if you’re thinking about selling, now is the time to do it. We would be happy to come out and give you a free home evaluation and tips on how to get your home ready for the market.

Click here to read the Wall Street Journal article for yourself.

If you have any other questions about buying, selling, interest rates, or any other real estate-related questions, feel free to give us a call or send us an email. We look forward to hearing from you!

Why Did We Decide to Merge Companies?

It’s official. The #1 team in the #1 Keller Williams office in the world, Elrod Real Estate Experts, and the #1 Re/MAX team in the Charlotte Region, The Lars Group, have merged together to create High Performance Real Estate Advisors.

We joked for years about joining forces when we were competing against one another, but now that has been made a reality. We don’t know why we didn’t make the switch sooner. Elrod Real Estate Experts specialized in prospecting. The Lars Group specialized in marketing. Now, High Performance Real Estate Advisors specializes in both.

We know both of these things work. To be able to bring them together along with more than 3,000 home sales and $750 million worth of real estate sold is a beautiful thing. We’re bringing a little bit of shake together with a little bit of bake. When you put that together, what do you get? That’s right—shake and bake!

Each of our teams’ strengths complements the other’s weaknesses. To top it off, we are truly working out of the office of the future. This is going to help us to serve everyone who works with us at the highest level. We’ve got an administrative team, a sales team, and an 18-desk prospecting station, among other great amenities.

When we sit down with you and sign a contract, we do what we say we’re going to do. We truly look for buyers for our sellers and sellers for our buyers. We want to give you the best possible experience and we want you to sell your home quickly and for the most amount of money possible with the least amount of hassle.

We’re going to shake things up in our videos. We’ll agree on some things, disagree on many others, and we’re excited for you to join us. We want to hear from you about what you love, what you want to know about real estate, and what you want to see. Whatever we cover, we hope that you’ll engage with us by opening our emails, commenting on our videos, and reaching out to us if you have any questions at all. That’s all we ask of you.

High Performance Real Estate Advisors is the highest performing team in the region with the best prospecting team and the best marketing plan. We look forward to continuing to stay the number one team for years to come.

If you have any questions, don’t hesitate to reach out anytime. We look forward to hearing from you.

Meet the High Performance Real Estate Advisors


The Lars Group has joined forces with Elrod Real Estate Experts to form High Performance Real Estate Advisors!

Today, I have an exciting announcement for you all.

The Lars Group has merged with the number one office in the number one market of Keller Williams: the Elrod Real Estate Experts in Ballantyne. Now, we are part of the number one team in one of the hottest markets in the U.S.

We are still ready to help you, your friends, and your colleagues with all of your real estate needs. Keep an eye out for some new yard signs featuring the High Performance Real Estate Advisors.

You can also learn more about our new team at highperformancerealestate.com. If you have any other questions, please let me know. I would be happy to help you!

What’s Our Nation’s Market Outlook?

I wanted to drop by with an update on the state of the market in Charlotte, the nation as a whole, and a few other specific areas.

Nationally speaking, we are on an eight-year uptick in the market. Typically, the real estate market runs in seven-year cycles, so by most indicators, we're on borrowed time for this cycle. I'm no pro when it comes to economics, but our economy is strong. Outside of the uncertainty due to the election, I think there is some pent-up demand and some people are waiting on the sidelines to see what happens.

For Charlotte locally, we are back to where peak pricing was during the 2006 to 2007 period. The market shifted here in mid-2007, and we didn't really realize it until the end of 2008 when the financial crisis hit. When it comes to our local market, though, I do think we're headed toward a cooling of the market and a shift. I don't think this shift will be a monumental crisis or debacle like it was in 2008 and the following years, but I do think a slowdown is on the way.

I also think we'll be OK for 2017. We can look to indicators like the average days on market, the percentage of list price that sellers are receiving, and the number of homes on the market as the big factors  that are driving the prices up. Simply put, there is more demand than there is supply.

With that said, your home may be worth more than you thought it was. In fact, some of the lower price points are appreciating more than the higher price points. That makes now the perfect time for trade-up buyers to sell their homes in the $250,000 to $400,000 range and take advantage of the high appreciation, then, turn around and buy in a higher price range where appreciation is slower, giving you a great chance to get a deal.

If you have any questions about the Charlotte real estate market or you're thinking about taking advantage of this market and selling your home, give me a call or send me an email. I'd love to hear from you!

When you’re in the process of choosing a listing agent, there are certain questions you must ask before hiring one in order to know if they will be the right agent to get your home sold fast and for top dollar.

 

3 Tips from Local Charlotte Real Estate Agents to Prep Your Home to Sell

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Purchasing a house really is a buyer’s market these days. With so many options available, homebuyers can be as choosy as they like, and many homes fall between the cracks. Today we’ll cover a few tips from The Lars Group - local Charlotte real estate agents that specialize in helping customers get top dollar for their homes. Here are a few tips that will get buyers excited about what your home can offer!

 

  1. Improve Curb Appeal

 

It’s important to make a first impression when meeting new people, and selling a house is no different. Many sales end before they even begin because buyers judge a book by its cover.  

 

Make sure the lawn is flawless! It may be tedious, but be sure to mow the lawn, tend to the garden, and trim the bushes. Cleaning the gutters and even buying a new welcome mat go a long way in making buyers feel welcomed into the house.

 

A common question The Lars Group gets almost daily is ‘how can I sell my house fast in Charlotte NC with so many listings on the market?’ While there’s no single miracle cure, a clean exterior is the fastest way to stand out from the competition.

 

  1. Fix Up The Interior

 

Great curb appeal is essential, but it rarely seals the deal alone. Once the exterior is presentable, it’s the seller’s job to make sure the buyer feels comfortable inside the house. The seller should make it easy for potential buyers to look around, get a feel for the available storage space and square footage, and imagine themselves in the home.

 

Remove all clutter from the home. If necessary, sellers can rent a public storage unit for all of the extra decor and personal items. Take note of how much furniture you have in each space, and listen to your realtor’s suggestions on what to add or remove. This will make it easier for the buyers to envision their own belongings in the house and it will encourage a personal connection with the home.

 

You should also organize all of the closets and cupboards. Messy spaces give off the feeling that there isn’t enough storage space in the home.

 

  1. Splash Around Some Paint

 

While not quite as necessary as the previous two tips, Charlotte real estate agents agree that a new coat of paint can really boost the perceived value of a house to buyers. Focus on re-painting the exterior doors and window frames if they are chipped or cracked.

 

If there are any loud or annoying colors in the bedrooms, try to repaint them into more neutral tones so that buyers can imagine themselves living there. All buyers understand that they can change the wall colors easily, but some are not able to get past the jarring effect of an unappealing hue. Your teen may have loved neon lime green walls, but that doesn’t mean the buyer will. Remember, the name of the game is making buyers feel attached to the home.

 

There are plenty of real estate agents in Charlotte NC, but only The Lars Group has a track record of putting clients first. They’ve learned something in the past 10 years of being in business! Their specialty is helping you sell your house for the maximum value, as fast as possible. If you’re looking for a no-obligation quote give them a call at 704-800-1200 or email info@larsrealestate.com.

75 Ways to Prepare Your Home for the Market
When you’re in the process of choosing a listing agent, there are certain questions you must ask before hiring one in order to know if they will be the right agent to get your home sold fast and for top dollar.

Our 75-Point Checklist helps you make sure your home is ready to sell. It may sound overwhelming, but you need to be completely prepared to get the best price possible for your home.

Today I wanted to talk about something that's really important to those who are thinking about putting their home on the market.

With our sellers, we take them through a 75-point process. It sounds overwhelming, but if you're selling your home, you need to be extremely sure that it's ready for the market. First impressions are everything when it comes to getting your home ready for sale.

The first thing you want to think about is what a buyer is going to see as they approach your home. Are there any simple, inexpensive things you can do to the exterior of your property like power washing the driveway or sprucing up the flower beds?

You want to eliminate any reason for a buyer to think your home isn't the best choice for them as they make the walk from the driveway to the front door.

When a buyer opens the front door, what will they see? Studies have shown that buyers will make a decision about your property within just a couple minutes of entering a home.

If you'd like a copy of our 75-Point Checklist, reach out to us and we'd be happy to send you one free of charge. It walks you through everything you need to do to the inside of your home to make that amazing first impression. Studies have shown that there can be up to an 8% swing in price by getting your home ready for the market rather than selling it as-is.

If you'd like a copy of the checklist or you have any other questions about the Charlotte real estate market, give me a call at 704-817-4444 or send me an email at info@larsrealestate.com. We'd love to help you out in any way we can.

Download Your Top 10 Questions Checklist

Top 10 Questions to ask before you list your home.