Going The Distance

Gobble Gobble y'all, it's that time of year again. Work potlucks, tacky sweaters and road trips back home. I personally enjoy all of those things, and everything else that goes with the holidays. Many of you will be out hitting the stores this Black Friday, I personally avoid it. Although I do like the competition aspect of it. Storming to the back of a Home Depot at 5:45am to get my hands on one of ten graphite broom handles for only $4.99!

Running has never been a thing I've enjoyed, so no telling why I started training for a marathon. Maybe because I'm not a big fan of the gym, I seem to spend more time getting ready than I do in there. I've picked out a novice training program although it doesn't feel that way. The longest run I've had to endure so far is 6 miles, I ran 3 today in just under 24 minutes. Getting onto the sofa even feels like a strain afterwards, but I'm sticking with it. 16 more weeks to go!

Another part of the holidays is the real estate market slows down. This year is a little different than last however, October sales Triangle wide were up 26% from last year. These increases are good news for the market, but it should also be considered October 2008 was just about the complete bottom of the market. We also have the tax credit working to our advantage, helping existing and new home buyers now.

Many people don't want their home being showed over the holidays for good reason. Let's take a look at the other side of that, some advantages to listing this time of year:

1. The buyers looking this time of year tend to be more serious.

2. There are fewer homes on the market, less competition means more money for sellers.

3. Many people will buy before the end of the year for tax purposes.

4. Sell your home now so you have time to buy and take advantage of the $6,500 tax credit!

Since we are on the topic of Thanksgiving and delicious food, I'm glad to see a Trader Joe's has opened up near me. It would have been safer running through traffic than making your way through there on Opening Day, I tried. But when it settles down, get your hands on some of those appetizers. Most I've tried are delicious, and the Two Buck Chuck isn't too shabby either. I'm sure quite a few of you will be having a glass over the holidays.

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I'm looking forward to my high school 10 year class reunion this Friday. Geez how time flies. It's being held over at The Station in Carrboro, I hope there's enough room. It's a combo reunion of both high schools since many of us from East Chapel Hill High once attended Chapel Hill High. I'm sure people will still be arguing over which one is better.

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I'll be pulling for East Carolina to win their division this Saturday and host the C-USA title game, either way a solid season from Skip Holtz and the Pirates. It's also important to note this is the most dangerous holidays for driving and there are a high rate of accidents. Drive safe, take it slow and enjoy your Thanksgiving weekend.

Purple Haze

Well I couldn't of predicted this a couple weeks ago. Two of the best football games I've ever attended were back to back, and the Pirates came out on top of both. Holding the #8 team in the country WVU to 3 points was something special, but the excitement of the last minute win against Virginia Tech was exciting as it gets. The Pirates now hold a #14 ranking in the AP Poll and Coach Skip Holtz has just signed on to another six years at East Carolina!I have to admit, it sure was fun to be back in Greenville. I've got some friends that still live there that are nice enough to put us up for the weekend. With the success of the football team this year, the hotels are getting booked faster than the ECU students who rushed the field.

So when I haven't been engulfed in football this past couple weeks I've been working. My BNI group I wrote about last week is taking off, we had 7 new visitors this week that are all interested in joining. One moving to the area so hopefully we'll be out looking at some homes soon. It really is a great time for people to be home shopping, the interest rates just made another drop as well.

But what do you do if you are stuck in a home that just won't sell? There is something you'll see more of in the future, but it's been around for ages, Auctions. I don't want to call it a trend or say this form of selling real estate will take over, but I do feel there are properties out there that will benefit more from this type of sale. In some countries this is the primary means of selling real estate. I've seen some around Chapel Hill recently, so I signed up and took a course offered by Auction First North Carolina, Inc. It was a 4 hour course on just the fundamentals but what I learned was really eye opening.

First of all, it is amazing the response a AUCTION sign gets over the regular listing sign. As well as the online response from all over the world, auctions seem to attract a whole different breed of buyer. A home on Franklin Street here in Chapel Hill was listed with 3 agents over two years and no sale. They hired an auction company and were offered over their last listing price, and the buyer was from China! I really feel that real estate auctions will only find success in hard to sell and unique homes, but it is a great option to have for my buyers and sellers. Regular real estate licencees such as myself are working with buyers and sellers in these auctions, now I too am armed with all this information. I'll be interested to see where auctions go in the future, but with homes sitting on the market so long here in 2008 don't be surprised to see a sign near you.

I'm currently serving on the membership committee for the Chapel Hill Board of Realtors. My responsibilities are to head up a social function or two through out the year. I'm in the process of planning the 2nd Annual Young Realtor event to be hosted by The Franklin Hotel in downtown Chapel Hill. Last year the 35+ crowd felt a bit left out, so this year the theme will be more based on if you "feel young". I do, so I'll be there. I also have my friends Whitney Long & Rob Hale sponsoring the event, it's easier to attract a crowd when you're giving out a few free drinks.

Kicking Up Business

Almost a month since my last update on here, there's no excuse. Maybe I've been watching just too much of the Olympics which is finally over. August has moved pretty fast for me, I kicked off the month with a birthday. I'm 27 now, I can already tell I'm looking much older than when I was 26. I've started playing in a kickball league this month. That's right, kickball. Raleigh has an organization for adults that runs co-ed sports from flag football to dodgeball. I would rate it better than finding a slinky on top of a tall staircase.

I've spent this past weekend working with some old friends from high school. They are living up north but see the opportunity for investments here in the Triangle. They are Chapel Hill guys, so trying to show the places I liked in Durham was a hard sell. I think they agreed after seeing downtown that there is too much revitalization going on to be ignored. The growth in Durham and it's support from it's neighbors will only help our area as a whole. Durham has a stigma that for some people is hard to shake, but I feel I'm doing a good job of disproving it with every client I get out.

As a self employed professional you have to always be looking at ways to improve and grow your business. Networking is a key to being successful in real estate, if no one knows you then good luck drumming up a sale. I've been attending the local Chamber events and visited their leads group on occasion, but never got the feel it was greatly improving my business. Two minutes with someone drinking a glass of wine at a 6:30pm Chamber event is not catapulting my career. The odds are they will talk to 8 other Realtors before they leave too, we seem to be everywhere.

I was recently invited to a Durham BNI leads group as a guest of another Realtor. She was the only Realtor there, in fact there was a rule that limited it to one person from each field. This was a leads group that met for an hour once a week. They passed referrals back and forth, one after the other. They had gotten to know each other well and were comfortable with who they were giving leads to. The agent I attended with does several transactions a month from her group alone. That's all I needed to hear and see, I along with a friend have the ball rolling on our own, and the first, BNI group in Chapel Hill. We have about 10 members and they are a really good group of folks. I was somehow appointed President so I'll be busy increasing the size of our group and my business over the next few months.

I'm very much looking forward to this Labor Day weekend. As many of you know I'm an ECU grad and they will be playing football in Charlotte this weekend against Virginia Tech. I'll be staying with a friend there who just got a new boat, which means Sunday will be spent on Lake Norman. Hopefully the weather will hold out for us as I'll be outside 90% of the weekend. I got season tickets this year, which translates into several trips back to Greenville. It's nice to have gone to school so close, I always look for excuses to get back for a weekend and now I've got 3 or 4 of them. Go Pirates!