Steve Scott-Allen Tate Realtors

Please drop by my open house this coming Sunday, Oct. 27 at 3805 Payne Road, High Point, from 2-4 PM!
3805 payne Road, High Point!

Open House-Sunday, October 7

Thank goodness we appear to be moving away from "Greige"!

The 2025 paint color trends are here Every fall, the big paint companies release paint colors that are anticipated to be big in the new year. Taken into consideration by understanding macro and micro design trends, and social media analytics Behr, Sherwin Williams and Benjamin Moore have all specified vibrant new colors to lean into in...

Each month l try to post Triad, NC real estate data from the prior month. Below are two charts, one townhomes and condos, and the other for single family homes. It is becoming clear that the market is slowly shifting away from the strong "seller's market" to one a more balanced arena where buyers can be more discriminating, and sellers more flexible. Sellers who held off from listing their properties, fearing that they would lose favored interest rates when repurchasing, are now "biting the bullet" and moving forward.

There are more homes to choose from this year, and homes remain on market longer. While home prices continue to rise very slightly, we are not seeing the dramatic increases noted over the past several years. Homes are also selling just under list price, which again is an important change. I feel that this trend will continue, especially as we enter the fall and winter season, when home sales typically slow.

If you are considering either listing or purchasing a home, now is the time to do so!

So many buyers have looked forward to a decrease in interest rates. Here are some recent observations and predictions.

Interesting current real estate market with the number of price reductions frequently near the number of new listings!

Each month I like to post updated, NC Triad area real estate data for the prior month. We are experiencing longer days on market, and prices still rising very slightly from 2023 levels.

The Inventory of single family and townhomes is well up from the prior year, and homes are selling within about 1.5% of list price.

Closings have dropped on average near 10%

The bottom line is that the market has softened a bit. Despite current interest rates (which are still below historic norms) Buyers are in a better place than they were 1-2 years ago, able to negotiate more with sellers.

I recently listed a lovely, single story townhome at 2 Hydrangea Court, Greensboro. This coming Sunday, Oct. 22nd, I will host an open house from 2-4 PM. I hope that you will drop by and take a look!
Listed at $250,000 it is an enticing end-unit townhome within the charming, Lennox Park Commons, Townhome Community. Easy one level living. Open layout for effortless entertaining. 9 foot ceilings. Handicap accessible. Sunny eat-in kitchen. Living room features a cozy gas log fireplace. Main level master bedroom with walk-in closet and private bath. Second bedroom also has a walk-in closet. Neutral paint. Wonderful private fenced patio backs up to woods. Convenient location with nearby shops, restaurants. (storage cabinet on patio will convey with home)

2 Hydrangea – $250,000 MLS # 1155483 – Enticing end unit townhome within the charming, Lennox Park Commons, Townhome Community. Easy one level living. Open layout for effortless entertaining. 9 foot ceilings. Handicap acc...

Quick Real Estate Market Update- Interesting Data!

Markets in a Minute Enjoy this quick update on what's going on in the housing and financial markets.

Great recommendations here!

Inexpensive ways to prep your home to sell Besides landing on the right price to sell your home quickly, staging your home correctly is one of the easiest things you can do to ensure your home sells in a timely manner. In fact, a recent study from Realtor Magazine indicated that staged homes on the market sold for 25% more than homes without...

I have had the pleasure this year of serving on the Triad Local First board of directors. I have attended the past two annual "Community Table" Fund raising events and have been incredibly impressed by the high standards of locally provided, food, beverage, entertainment, and presenters. If you value local businesses and have a desire to ensure that they continue to thrive, please consider joining me and my sponsored guests attending this year's event. Take a look at the link below and consider!

Triad Local First BizSpotlight - Triad Business Journal Discover the latest press releases from Triad Local First with the Triad Business Journal's BizSpotlight

I am proud to announce/brag/shout! that I am to be a grandfather for the first time! Son John Scott and dear daughter-in-law Rose Scott are expecting their first child in February, 2025. I have been so fortunate to have two wonderful kids (Quinn Scott and John Scott), and so look forward to a new generation. Life is good!

Last week I learned of the passing of Leslie Deaton, an esteemed colleague from my admin days with Rockingham County Schools. Leslie served as a guidance counselor at Rockingham County High School, and was without a doubt one of the best. I admired her grace, poise, and dedication to her students. Leslie moved on to serve as a guidance counselor at Northern Guilford High School and I left to pursue real estate sales. We kept in touch now and then over the years.

I attended Leslie’s funeral yesterday afternoon. There must have been over 300 in attendance, including former students, colleagues, and old friends. Leslie endured a personal tragedy, losing her beloved son Will several years ago, and at age 54, lost her battle with pancreatic cancer.

It is difficult to fathom the early demise of someone who lived such an exemplary life. However, while attending this particular memorial, a palpable, overwhelming sense of love and admiration was demonstrated by those in attendance, providing clear evidence of our common humanity.

I am grateful to have had the opportunity yesterday to join so many others, commemorating such a sterling individual, paying respect to Leslie’s decency and integrity. In these uncertain times, fraught with political and personal discord, I was reminded of the power of “faith, hope and love. But the greatest of these is love.”

Each month I look forward to the prior month's update summary for the Triad, NC real estate market. The data from July, 2024 indicates more home inventory with slightly more days on market. While home prices remain higher than the same time last year, homes are selling at slightly below list price (rather that well above!). I hope you find this data informative!

Nice insights on what to expect in the fall real estate market!

What to expect in the fall real estate market Despite continued inventory challenges and interest rates fluctuating between the high 6’s and low 7’s, the summer real estate market is moving at an accelerated pace, and we expect to see this momentum continue as students return to school this fall. Thinking about diving into the market soon? ...

Check out this real estate market update!

Steve Scott, Allen Tate Realtor Steve Scott, Real Estate Agent for Allen Tate Realtors. Search area homes for sale, save your favorites and work with an agent you can trust.

When representing real estate buyers, I always explain the dynamics of Post-Inspection repair requests. New buyers overwhelmed by extremely thorough inspection reports are often prone to request multiple repairs/renovations from sellers. I really like the following advice per such requests:

Requesting repairs after a home inspection: What's acceptable and what's not? Wondering how to go about requesting repairs after a home inspection? Find out what's resonable to ask for and what isn't!

Just received from "The News and Record"

Greensboro, Guilford housing markets heated up in second quarter
The median sales price in Guilford was up 4.1% to $330,000, while the median sales price in Greensboro rose 8.5% to $325,000,

I work with a number of potential sellers each year and almost always, the question arises, "Do I need to upgrade prior to listing my home?) Take a look at these suggested amenities, sought after by today's buyers!

Home buyers' most sought-after features for 2024 If you’re in the market to sell your home soon, it might be worth knowing what’s at the top of home buyers’ wish lists. Now you don’t have to wonder, thanks to a recent study conducted by fixr.com, which reveals the top 7 high priority items home buyers are searching for right now. Industry ...

I recently posted data from June 30th, indicating a moderate slowdown in the Triad Real Estate market. While prices are slightly above those of a year ago, they likely reflect the overall rate of inflation.. That being said, take a look at this article about "The dangers of overpricing your home in this market"

The dangers of overpricing your home in this market If you’re thinking of listing your home soon, you might be contemplating how to price it. You may have heard we’re in a seller’s market, and while that’s true, the way sellers priced their home 2 years ago in the post-pandemic frenzy of a market is not an advisable strategy today. Inventory ...

Each month I like to post the latest available real estate data for our Triad, NC area. The data as of the end of June, 2024 has just been provided, indicating a still strong local market with average sales price for single family homes up over 5% and townhome/condo prices up near 1%. Properties are remaining on market for a few more days, and property inventories are up over 30% (great news for buyers!) Please call me at 336-772-7430 should you have any questions!

Please drop by my Open House this Sunday, (07/14/24)

Drop by my Open House in Oak Ridge this Sunday!

I love this article on 5 compromises worth making when buying a home! So often my buyers write off really great homes, stuck on specific locations, square footage, or other "must haves". When we realtors set up MLS home searches on behalf of our buyers, we are apt to miss out on "gems" that are eliminated from search results due to very narrow search parameters. Well worth the read!

5 compromises worth making when buying a home While Maroon 5 wasn’t singing about the home buying process when they so cleverly sang, “It’s not always rainbows and butterflies. It’s compromise that moves us along,” they might as well have been. Crafting the perfect wish list is a necessary (and fun) step in your home search, but often...

Good morn friends! Just ran across this cool analysis of whether it is better to rent or buy in this current market. Nice "sliding scale" at different price points. Give it a try!

Is It Better to Rent or Buy? A Financial Calculator. Our calculator takes the most important costs associated with buying or renting and compares the two options.

While this article targets first time "sellers", It is a great reminder of several important things to keep in mind when planning to list your home!

5 things you should know before selling your first home Much like buying your first home, selling your first home can be tricky if you don’t know what to expect. So rather than navigate the unknown on your own, let us be your guide! Here are 5 tips to help guide you through this new endeavor. Find the right listing agent Your first step is to choose th...

I like these short and sweet recommendations for enhancing curb appeal to homes. They are cost effective and really make a difference when your home is viewed by others. What buyers view in the first few minutes can sell the home. Take a look!

8 curb appeal improvements you should make to sell your home for more The expression, “You only get one chance to make a good first impression” couldn’t be more true, especially in real estate. In a recent study, the University of Texas at Arlington discovered that curb appeal can contribute up to 7% of a home’s value. What’s more, the latest Cost vs. Value ...