I Want to Sell My Murphy NC Property. Will an Appraisal Help?

Posted by I Love Murphy on

Appraisals can do you a lot of good when you get ready to sell your property here in Murphy, North Carolina. Real estate prices are constantly changing, so it’s good to have an accurate analysis of what your value is.

Realtors are able to perform a CMA, or Comparable Market Analysis. When you’re ready to sell your home, this will give you a good idea as to where you should price your property. There is a difference between an appraisal and a CMA. Appraisals are often more detailed in valuation, yet they frequently do not take into account current market trends.

With real estate values going down, many people interested in selling are using old appraisals to try to hold onto former higher prices. This strategy is a stage of denial that will hurt your home’s position to sell. If you list it too high to start off with, your home develops a “stigma” to it that will make it stagnant on the market and ultimately sell for less than what you could have achieved originally.

Other times, sellers are using an appraisal from a refinance. More often than not, that appraisal is not necessarily useful in marketing your home. Sometimes the appraisal is biased toward a certain value, whether it is conservative or high. You can read more about inflated real estate appraisals here.

Old appraisals mean nothing.

Think of it this way: it would be the same as printing off a stock quote from when Enron shares were worth $50 per share. Consider taking it to your stock broker now and expecting the same price. It won’t happen. Real estate operates the exact same way, just the numbers are larger and more difficult to determine. Unfortunately, your real estate does not have a “ticker” streaming across the front of it telling us the current market value of your home.

An accurate appraisal will help you sell your home.

Leaving a current appraisal on your counter while trying to sell will help prospective buyers determine how you priced and the value of your home. When and if you get a new appraisal before selling, ask around to find a good appraiser. Get a good recommendation and call them in.  Be certain not to influence their pricing. You want an unbiased evaluation of market value to sell your home. Make sure they know that’s what the appraisal is for.

All that being said, it’s not necessary, but having an appraisal done can give you a great marketing edge. It can give you the competitive edge over the competition. An average appraisal costs about $400 and can be an excellent investment when you’re selling your largest investment.

If you want expert help understanding your [Appraisal] and pricing your home right, we’re here for you! Explore more things to do in Murphy NC and contact us today!

John Poltrock, CRS – www.MyMurphy.com – JohnPoltrock@gmail.com – For Real Estate in the Mountains of Murphy, NC, Call The POLTROCK TEAM at (866) 687-7496

Liquor by the Drink Coming to Murphy?

Posted by I Love Murphy on

Many of our clients are always shocked to find out you can’t get a mixed drink or shot at any of the local restaurants (with the exception of Cherokee Hills Golf Course, which is classified as a resort). Not only that, you can’t buy beer. Does it seem sane when you can buy wine at the grocery store and straight liquor at the ABC store in town?

Either way, Murphy’s Town Board is reconsidering the liquor by the drink option. Wells and West (very influential persons in our community) are trying to generate interest in large chain restaurants coming to Murphy on land they own. Two restaurants want to come badly, but will only do so if they can serve drinks. It was up for vote in 2003 and was not passed – 55% voted no and 45% voted yes.

Will you be able to have a mixed drink with dinner now? It may be coming soon. In most Southern small towns, they eventually allow it and we very well may be next. What do you think? Would you prefer Murphy to be a largely “dry” county or serve alcohol?

The Liquor Law Did Pass In Murphy, North Carolina!

With Murphy’s liquor law passed, the town is raising the bar—literally. As things change, come explore the evolving culture and things to do in Murphy NC that make this place special.

John and Jessica – REMAX Mountain Properties – Murphy, North Carolina – (877) 837-3002 – JohnP@remax.net – www.MyMurphy.com

 

We need YOUR help naming our Building!

Posted by I Love Murphy on

Good evening all! We have been mulling over what to name our new office building, and we can’t figure out! Perhaps you can help by telling the name of an office complex you have seen or by making up a new one. Here’s a few facts that might help you come up with a name — we’d really appreciate your help naming our Building.

-3 stories, 6,000 sq. feet on each level

-RE/MAX will be on the second floor (sorry, one rule is that RE/MAX can’t be in the name)

-It’s a professional building – the 1st floor/basement is rental space and stores. The third floor is partially ours, but mostly going to be rented out to builders and other professionals (individual offices)

-it’s designed with A LOT of stacked rock, a beige colored stucco, and looks REALLY sharp

-it’s on highway 64 West in Murphy, North Carolina (Cherokee County)

-It’s either the largest or really close to the largest professional building in the county

Please feel free to ask me any questions – I’ll be watching this post carefully. We need to name it ASAP and haven’t got a name we like.

We truly appreciated your help naming our Building—now known as Cornerstone. Come visit us and explore more things to do in Murphy NC while you’re in the area.