Tuesday, May 22, 2007

The State of NC now owns Chimney Rock Park

On Monday the 21st of May the State of North Carolina completed the $24 million purchase of Chimney Rock Park.

Click here to see the Hendersonville Times News Story:

This transfer of the 996 acre park will be added to master plan of the state to develop a larger State Park which is now more then 3200 acres.

Tell me what you think about this!

Monday, May 21, 2007


Real Estate in Hendersonville, Henderson County, NC has been steady. We have recently had more properties for sale then in years past. That leads into a longer days on the market for listings. A good strategy to employ in a slowing market is to find out what the value of your home is based on the recent sold comparables. Once you know this figure I would recommend 3 main strategies.

#1 Do a home inspection on your home with a qualified and licenced home inspector. This will tell you if you have any problems that a potential buyer would want fixed. It will take away the anxiety of waiting for the inspection by the buyer after you have already negotiated a purchase price. Plus it shows the buyer that you have negotiated in good faith by showing them the inspection and showing them the repairs that you have completed or telling them this is an updated representation of my house.

#2 Offer a Home Warranty. This will give the buyer a year of peace of mind and should remove any buyer fears over what might break in the house.

#3 and this is the most painful of the three but may save you the most money in the long run. Price your home 5%-10% below what the currant market analysis shows. The reason being with more houses on the market it will price yours below the competition. That might result in more then one buyer wanting to buy your home which leads to a possibility that the multiple buyers will bid up the price to get your bargain.

In a declining market if you price according to the recent comps instead of the market your home will sit on the market and force you into price reductions along the way, reacting to the market. So be pro-active and give yourself the best chance to get your home sold!