What Are the Real Reasons You Want To Move Right Now? If you’re considering selling your house right now, it’s likely because something in your life has changed. And while things like mortgage rates play a big role in your decision, you don’t want that to overshadow why you thought about making a move in the first place. It’s true mortgage rates are higher right now, and that has an impact on affordability. As a result, some homeowners are deciding they’ll wait to sell because they don’t want to move and have a higher mortgage rate on their next home. But your li ..read more

Mortgage rates have been back on the rise recently and that’s getting a lot of attention from the press. If you’ve been following the headlines, you may have even seen rates recently reached their highest level in over two decades (see graph below):     That can feel like a little bit of a gut punch if you’re thinking about making a move. If you’re wondering whether or not you should delay your plans, here’s what you really need to know.    How Higher Mortgage Rates Impact You   There’s no denying mortgage rates are higher right now ..read more

 Have you ever heard of a barndominium? If not, you’re in for a treat! Barndominiums are a growing trend in the world of housing design and offer a unique and stylish living option for those looking for something different.   What exactly is a barndominium? Well, it’s essentially a barn converted into an all-purpose living and workspace.  The name combines barn and condominium; people often shorten it to “barndo.”  Picture a traditional barn with its high ceilings, open floor plan, and rustic charm, but add in the modern amenities and comforts of a condominium, and you ..read more

If you have a home to sell, you’re probably excited to get the process started. There are many things you need to consider when selling your property, and it’s hard not to feel overwhelmed by the task. The good news is we’ve done extensive research about what you need to know about selling your home – and we’ve answered the questions you’re probably wondering: How will you determine my home’s value? To determine your home’s value and set a listing price, I will complete a Comparative Market Analysis. The CMA uses recent sales of homes close in geography, age, size, and features to yours. (A CM ..read more

If you have a home to sell, you’re probably excited to get the process started. There are many things you need to consider when selling your property, and it’s hard not to feel overwhelmed by the task. The good news is we’ve done extensive research about what you need to know about selling your home – and we’ve answered the questions you’re probably wondering: How will you determine my home’s value? To determine your home’s value and set a listing price, I will complete a Comparative Market Analysis. The CMA uses recent sales of homes close in geography, age, size, and features to yours. (A CM ..read more

Renovating Your Home? Check Our FAQ’s! 1. How do I pick a contractor? Ideally, you want to build the same kind of relationship with your contractor as you do with your real estate agent: one built on trust that makes you want to go back to that person for any future needs. Your contractor should be a very good listener and communicator. You want them to “get” your vision for your home, and to keep you in the loop every step of the way. Do your due diligence by checking out contractors’ reputations, talking with other clients, and looking at work they have done previously before you make your s ..read more

While the overall economy has navigated a rocky road the past two years, the housing market has been more boom than bust since mid-2019. However, three economic factors could bring about major changes in the housing market over the next few months. They include: Rising interest rates Economists expect the Federal Reserve to raise interest rates at least three times this year. Borrowers are already seeing an increase in mortgage loan rates, and they will likely continue to rise as overall rates go up. Decreasing financial security                  ..read more

Ready to buy your first home in the Triad in 2022? Southern Signature Properties specialize in helping first-time home buyers like your find their dream property in and around Winston-Salem. Before you start searching for homes online, it’s important to take the first step to house shopping: Getting pre-approved for a mortgage. Your pre-approval will tell you what you can afford and what your monthly payment will be, so it’s important to determine this before you start searching for your new home. Pre-approval is good for about 30-90 days, so once you’re ready, take these first 3 steps to get ..read more

Though not predictable, you can always rely on the real estate market in Winston-Salem to change. Here are some predictions for the housing market in 2022. 2022 will fall just short of record-breaking “Zillow’s forecast calls for 11% home value growth in 2022. That’s down from a projected 19.5% in 2021, a record year-end pace of home value appreciation, but would rank among the strongest years Zillow has tracked. Existing home sales are predicted to total 6.35 million, compared to an estimated 6.12 million this year. That would be the highest number of home sales in any year since ..read more

Real estate has long been considered a solid investment for many reasons. It is a relatively safe and easy way for people to build wealth beginning with a small amount of money. If you are interested in investing in real estate, we’d be happy to help you find the right properties. Here are some of the ways investing in property can help you build an investment portfolio. 1. Real estate investments can provide you with a reliable and steady cash flow. Investing in rental properties is relatively easy as expenses are predictable and if your properties remain occupied you know what to expect in t ..read more