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April 2022 Brunswick County local housing and real estate market update:

Highlights from the April 2022 Brunswick County local housing and real estate market update:

• Home, Condominium and Town-home inventories are still low!
• Closed home sales and pending home sales have decreased from last month
• The average “Days on Market” has also decreased to only 23 days on market
• Brunswick County, NC home prices also saw a slight increase!

Let’s Dive In!

While many people are skeptical about the current real estate market and where it’s heading, we have some insights to share with you.

Brunswick County, NC April 2022 real estate market statistics are in! Spring is here and in the real estate market spring this is known as “Listing Season”. All real estate numbers we measure are beginning to level out! Local home prices are increasing, just not as much as expected. We are still in a sellers’ market, but not in the “name your price” market we had before.

Homes are now staying on the market for a shorter period of time before going under contract and we have less inventory coming on the market. How long this low inventory will last is the big question. In some cases homes are staying on the market for no more than twenty-four hours, and in other cases home last more than 30 to 45 days on the market.

So what is causing this real estate trend in the Southport and Oak Island real estate market?

Indicators that are potentially causing this are the economy, threat of war, interest rates, inflation, fuel prices or a combination! Either way there will always be a need for people to buy and sell real estate regardless of what is going on in the world!

Our recommendation is if you are ready to buy or sell, the time is now!

You can always sell or buy too early but waiting until it’s too late may hurt!

Southport Oak Island Realty Group, your local realtor, is here to help you and guide you through this tough real estate market and make the best of 2022!

Contact us today for all of your real estate needs today!

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Why is it so important to choose the right North Carolina Real Estate Agent or Realtor!

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Why it is so important to choose the right Realtor or Real Estate agent in North Carolina Real Estate transactions.

Choosing the right North Carolina Realtor or North Carolina real estate agent is a very important decision. In some instances, it can either make or break your real estate transaction. Experience, attitude, connections, demeanor, fortitude, complacency, ambition, and motivation all play key roles in your real estate agent’s ability to perform for you and help you achieve your desired outcome.

It can be hard to determine the above when first meeting with or interviewing a real estate agent or Realtor in North Carolina. We here at Southport Oak Island Realty Group, Inc. want you, the consumer, to be aware of how important this decision is! Be open to observing the mindsets of different real estate agents or Realtors and listen closely to how they speak. It may give you the insight you need to help determine their intentions and if they are a good fit for you!

All Realtors or Real Estate Agents in North Carolina are the same, right?

Yes and No!

North Carolina Realtors are members of the Realtor Association and North Carolina real estate agents are not. However, both are licensed North Carolina real estate professionals in the North Carolina Real Estate Commission’s eyes.

Types of Realtors or Real Estate agents in North Carolina

Per the North Carolina Real Estate Commission there are only a few different types of North Carolina real estate agents.

Those different real estate agents include:

  • Buying Agents -representing the buyer of a property
  • Selling agents or listing agents- representing the sellers of a property
  • Dual agents- representing both the buyer and the seller, with permission from all parties involved.

The North Carolina Real Estate Commission has provided a publication called Working with Real Estate Agents in North Carolina to help consumers understand the different types of agency in North Carolina Real Estate. Please click HERE to view this publication and learn more!

The Difference Between Realtors and Real Estate Agents in North Carolina

The Difference between a “Realtor” and a “Real Estate Agent” is minimal in some eyes and makes all the difference in the world to others.

Both Realtors and real estate agents go through the same licensing procedures. Both have to go to school, take the North Carolina state and national real estate exam, complete required annual continuing education and state update classes to keep their real estate license active with the North Carolina Real Estate Commission.

The Real difference begins when you start to dig a little deeper.

Both Realtors and North Carolina real estate agents are legally allowed to help you in any real estate transaction, whether buying or selling a home, land, commercial property, or any other type of real estate transaction in North Carolina.

North Carolina Realtors are members of the local, state, and national Realtor associations. While this may not seem like a big deal, this small group of almost 2 million real estate professionals nationwide has managed to monopolize the real estate market.

Monopolize? Yes, I said it! If you do not join the National Realtor Association on a local level, whether in North Carolina or any other state, you as a real estate professional are unable to access and input real estate listing’s into the Multiple Listing Service (or MLS), which is the real estate hub that feeds all other real estate websites around the country.

 

How does this affect people on the consumer level?

Well, if you wish to sell your house on the open market and allow people everywhere to view your home easily online through major sites like Zillow, Trulia, etc., you have to employ a member of the Realtor association. Hiring a member of the Realtor association allows you to put your home’s information in the multiple Listing Service (MLS) as well as direct access to the MLS.

On the flip side, if you wish to buy a home listed by a Realtor, you can employ a Realtor or a real estate agent. Unfortunately, the real estate agent will have to request some information through another Realtor association member or the listing agent of the home you wish to buy directly. This is necessary  in order to get the required documentation to submit your offer to purchase. In some cases, this delay of direct access to vital information could result in the buyer missing out on the purchase of their dream home. All due to not getting their offer in on time.

 

Pros and cons of new Realtor or Real Estate agent versus seasoned real estate agents or Realtors

While experience does matter in real estate, we have found that this industry has a slight twist! Real estate agents and Realtors in North Carolina need to be, by the very structure of pay, entrepreneurs. The majority of North Carolina real estate agents and Realtors work on a commission-based system. This means no sales, no paychecks. This allows for good, great, bad, desperate, and potentially worse agents,  all regardless of time in the industry.

As with any industry, time in does allow you to gain great experience. Newer agents are fresh out of school, know the law and stick to it. Both North Carolina real estate agents and Realtors that have been in the business a while tend to pick up bad habits, get lazy and may begin to push the limits of the law, ethics, and morals, all for money. I want to stress that I am referring to some, not all. Others are sticklers for the law, morals, and ethics. It is a tough subject that many wish not to discuss, but it is the truth.

When interviewing or selecting your next North Carolina real estate agent or Realtor, do not let time in the business or the number of sales under the agent’s belt discourage you from using any North Carolina real estate agent or Realtor. Just make sure you feel confident in the agent you choose, and that that agent does indeed have your best interest at heart!

 

The bottom line

Hopefully, we have helped and not confused you!!! Choosing a North Carolina real estate agent or Realtor to represent you in your next real estate transaction is a big deal. Real estate in North Carolina, has a lot of obstacles, issues, and angels that need to be carefully thought about, avoided or confronted to make sure that your desired outcome is achieved. Having the right real estate agent with the right set of qualities will make all the difference for you!

Here at Southport Oak Island Realty Group, Inc, we desire to be your one-stop shop for all of your North Carolina real estate needs. Our real estate agents and Realtors are carefully selected to ensure that all North Carolina Real Estate Commission rules, regulations, and guidelines are followed to a “T”. All this while still doing the right thing by the consumers and our clients, striving for the very best desired outcomes for all!

 

Contact us today and see the difference!

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How to win the bid for a home in this crazy real estate market!

Bolivia NC realtor, Oak Island NC Realtor, Southport NC Realtor, Boiling Spring Lakes Realtor

Need to know how to secure a home for yourself in this tough real estate market?

We will try and help you better understand what it takes to “WIN THE BID”!

Below are a few of the undeniable steps to help get you into the house of your dreams!

 

1. GET A BANK PRE-QUALIFICATION LETTER:

Getting in contact with your local bank or mortgage lender should be your very first step in the home buying process. You need to know how much you will be able to borrow so you can begin your home search. But, more importantly, when you do find your perfect home you will want to submit your pre-qualification letter with your offer to purchase, as an assurance to the seller that you are indeed ready and able to buy the house.

2. BE PREPARED TO SPEND THE MONEY!

In this hot real estate market, there is no time to haggle and be cheap. If you like and want the home you need to be prepared to pay top dollar for the home if you want it. While finding a good deal on a home may be possible, in this market it is highly unlikely! Be prepared to pay the full listing price if not ten to fifteen thousand dollars over the asking price, I know it seems crazy, but that is what it takes to win the bid!

3. PUT A HIGH DUE DILIGENCE AMOUNT IN YOUR OFFER:

In North Carolina Real Estate we have what is called Due Diligence. This is in addition to the standard Earnest Money deposit. This Due Diligence amount is very important when it comes to consideration of your offer to the seller. Due Diligence is essentially a non-refundable deposit to the home seller to take their home off the market. Due Diligence also shows the home seller how serious you are about purchasing the home and not backing out of the purchase. There is no standard amount or any at all required in North Carolina. However, locally we are seeing on average between 1-2% of the total purchase price, if not considerably higher. If you are moving here from another state and want to learn more about due diligence and its role in North Carolina real Estate transactions click HERE.

4. MAKE ONLY MINIMAL REPAIR REQUESTS IF ANY:

During your Due Diligence period in North Carolina the buyer performs inspections and looks further into the overall liability of purchasing the home. These deeper looks can create concerns for the buyer, prompting what is known as a Due Diligence Repair Request. While sellers can request anything they wish, the buyers are not obligated to agree to all or any of these requests.  This leaves the  buyer with the decision to either buy the home as-is or walk away forfeiting their money down (Due Diligence). We suggest refraining from making a Due Diligence request unless ABSOLUTELY necessary. These requests often result in buyers walking away and returning to the house hunt! Thus the reason the sellers want to choose and offer with the highest due diligence amount possible when considering multiple offers on the purchase of their home.

So there you have it.

Please take this information and run with it! We want all parties involved in the home buying process to be happy with their decisions and, more importantly, have home buyers winning the bid and purchasing the home they really want!

At Southport Oak Island Realty Group, our Realtors are here to help you find your perfect home and are experts at negotiating on your behalf to get you the house you want, and not a house that will just do. Call us today we would love to help you for your home search in Southport, Oak Island, St James Plantation, Bolivia, or Boiling Spring Lakes North Carolina.

Contact a Realtor today!

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March 2022 housing and real estate market statistics for the Brunswick County, North Carolina Region

Realtor st james plantation nc, oak island, nc

Highlights from the March 2022 Brunswick County local housing and real estate market update:

  • Home, Condominium and Town-home inventories increased drastically
  • Closed home sales and pending home sales increased from last month
  • The average “Days on Market” has increased
  • Brunswick County, NC home prices saw a slight decline

Explanation Please!

While many are skeptical about the current real estate market and where it’s heading, we have some insight to share with you.

Brunswick County, NC March 2022 real estate market statistics are in! While they were a little shocking, I admit we have to remember this is common for this time of the year. Spring is here, and in the real estate market spring is known as “Listing Season”. Numbers jump up drastically from the start of the year and then level out as home inventories either increase or decrease according to home buyer demand. After this happens we will know what we are looking at as far as the market goes.

Some will say, well that does not help!

We know. But what the numbers are signaling is that home prices are dropping slightly, for now. Homes are staying on the market for a longer period, and we still have more inventory coming on the market. How long this inventory will last is the big question. In some cases, homes are not staying on the market for more than twenty-four hours, and in others lasting more than 30 days on the market.

So what is causing this big gap of homes and days listed for sale on the real estate market? While there are a couple of theories out there, there are only a few we believe in. The first one is that the current buyers in the Oak Island, NC real estate market are experienced, know what they want, and are willing to pay for it, causing the short time frame on the market. Another theory is homeowners are seeing the sky-high prices that homes are selling for and essentially getting greedy. Pushing the listing prices of homes way above the already high prices, resulting in homes sitting on the market. All indicators are forecasting that we are in for another great year for home sellers and at the same time another tough year for home buyers!

Southport Oak Island Realty Group, your local realtor, is here to help you and guide you through this tough real estate market and make the best of 2022!

Contact us today for all of your real estate needs today!

 

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Why should I buy a home in this hot real estate market?

buy or build a home in coastal north carolina southport oak island realty group serving southport and oak island nc

To Buy or to build?

It is undeniable that home prices are high in the Southport, Oak Island, Boiling Spring Lakes, and St James Plantation, NC areas.

So why consider buying in this crazy market? We will break it down for you!

Since early 2021 we have seen a drastic increase in home prices in the Brunswick County, NC area. While inventories are still low and prices are high, realtors still say it is a good time to buy a home. We have crunched some numbers for you and agree it is still a great time to buy!

If you look at home prices locally as a whole, you will see that in Boiling spring lakes, NC you can get a home already built for around or just under two hundred ($200.00) per square foot. In Southport, the average for a built home is around three hundred and fifty ($350.00) per square foot. Oak Island-built home prices per square are about the same as Southport.

So why would I buy now and not just wait?

We dove in further and found out that on the cost to build a new home in Southport, Oak Island, Boiling Spring Lakes, and St. James Plantation averages between two hundred and fifty ($250) per square foot up to four hundred ($400) per square foot. While this may seem reasonable, that price does not include the property on which the home is built, the property clearing, prep, and utility installations. So, you can see how all this starts to add up to a lot of money, time, and headaches!

To top all that off, contractors locally are struggling to keep up with the high demand, and tell us that if you are looking into building a home, plan on at least 18 months to the move-in date!

So back to the main subject to buy or build?

While some may have the 18 months to wait, be willing to deal with all the leg work associated with finding the perfect lot, interviewing contractors, designing the home with an architect, pricing everything out, and then waiting for the home to be built. Others are ready to move and want a home!

With all that being said it is cheaper at this time, with inflation, lack of building materials, and labor in our local area to buy a home that is built rather than having one built for you. That is of course unless you want the option of designing your next home and are willing to wait.

Whatever your decision is, we here at Southport Oak Island Realty Group are here for YOU! We have experienced agents that live here and are from here, to help guide you through our different communities and locations to help you decide where to buy your next home or lot.

 

Contact us today!

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February 2022 housing and real estate market statistics for the Brunswick County, North Carolina Region

brunswick county nc real estate statistics for february 2022 southport oak island realty group, realtor oak island nc

Highlights from the February 2022 Brunswick County local housing and real estate market update:

  • Pending home sales continue to outpace new real estate listings.
  • Closed home sales saw a slight drop versus last month.
  • Home, Condominium, and Town-home inventories are starting to decline again.
  • The average “days on market” before a home goes under contract has begun to decline.
  • Home prices in the Brunswick County, NC region have seen a huge increase.

So what now?

Days on market for homes are beginning to decrease from last month, leading many to assume that we are poised for another tough year for home buyers as homes come and go off the market before most have a chance to look at them. Homes may just continue to sell faster than they come onto the market, period.

Looking at Brunswick County real estate month over month, prices have just seen yet another major increase county-wide. While some may panic at first glance, this is a great market for sellers, but not so much for home buyers. Just remember that if you are looking to buy a home in this market PLEASE consult with an experienced agent sooner rather than later.

Being prepared to purchase a home in a market like we now have takes strategy! Being ready to “pounce” and purchase a home may be the only way to get you what you want. Work with your Realtor to get per-qualified, understand the locations you want to own a home in, and understand that you may just have to put up more money than originally thought.

Only time will tell if this year will surpass last year’s real estate sales in Brunswick County North Carolina.

If you are considering buying or selling a home in the Brunswick County, NC area, it is important to stay up-to-date on the latest real estate market trends.

Please contact us today and allow our experienced agents to help you get ready to purchase your next home in this tough market!

Are you ready to take the next step towards making the most of this seller’s market?

We are STILL offering FULL-SERVICE home sale listings for just 4% commission rates.

Contact us today by calling (910) 457-7113

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Despite Boiling Spring Lakes North Carolina not having a lake, homes and properties are still selling at an incredible rate!

Realtors say now is a great time to invest in real estate despite Boiling Spring Lakes, North Carolina being without a lake!

With real estate prices in Boiling Spring Lakes still soaring, realtors still say it’s a great time to invest your money.

Real Estate prices locally, like most of the country, have seen an increase in the past year or so. Despite this, real estate is a great investment and it’s a great time to buy real estate in Boiling Spring Lakes. One Realtor was quoted saying, “If homes are being purchased as fast as they come on the market and at the price they are now, just imagine what the prices will be when we have our dam repaired and lake back.”

Boiling Spring Lakes is a small coastal city on the edge of several waterfront and beach towns such as Southport, NC, Oak Island, NC, Caswell Beach, NC, and St James Plantation NC. Like many other coastal towns, they all suffered greatly back in 2018 when Hurricane Florence hit the area. Although, unlike many of the other towns, Boiling Spring Lakes, or “BSL” as the locals call it, is still struggling to get back on its feet.

The Hurricane brought with it a devastating amount of rain and flooded many low-lying areas, but it also pushed the town’s dams to their breaking point. Yes, I said “Dams”, plural. While many may not be aware Boiling Spring Lakes North Carolina has several dams, the Sanford Dam, Upper Lake Dam, Pine Lake Dam, and the North Lake Dam, all of which blew out and emptied in the aftermath of Hurricane Florence.

Restoring this beautiful North Carolina coastal town has proven to be no easy task!

Initial estimates were that the town would have the lake back by now, but as new information comes out, the town is looking at 2026 as a potential completion date. Coordination within the City, County, State, FEMA, MOSTU, EHP, and even the USDA are extending the timeline. The good news is that all are staying vigilant and looking forward to successful project completion.

So how does all of this come together regarding purchasing real estate in Boiling Spring Lake North Carolina?

Coastal North Carolina, moreover, Brunswick County is still one of the fastest-growing areas in the state and country. People are realizing what this slice of paradise has to offer and they want a piece of the lifestyle it affords. With the uncertainty of all that is going on in these times, one thing is for sure; people want to own real estate, vacation homes, and lake homes near the coast for their family and friends to enjoy for years to come.

The cost of these real estate properties is only expected to increase, so now is the time to buy. Contact one of the best real estate firms in the Brunswick County North Carolina area, Southport Oak Island Realty Group to help you find your next vacation, rental, retirement, or family home.

You will not be disappointed with the service, attention to detail, and knowledge of the area they have for you!

Links Below:

Dam Restoration Information

Southport Oak Island Realty Group, Inc, Realtors

 

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How to Make the Most of a North Carolina Vacation Home

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There are a lot of great reasons to buy a vacation home in North Carolina. These homes are the perfect getaway for your family. They can be a great source of income if you employ them as rental properties. You can even make a significant profit on them down the line if you decide to sell.

You can make the most of your vacation home by first determining how you intend to use it. If you’re going to rent it out, you may need to approach things differently than if you are going to keep it for just you and your family.

So, let’s take a closer look at some effective ways to ensure your NC vacation home provides the kind of value you expect.

Family Time

Set aside some time every year to actually go out to your vacation home and enjoy your time together as a family. Better yet, schedule some time every season so you can enjoy the warm summer climate or the beautiful fall scenery and fresh spring air of North Carolina.

It’s important to make the time and schedule your vacation in advance, otherwise it’s all too easy to let the time slip by and then just try to put together a rushed vacation the week before school/work starts up again.

Plan ahead, make sure the house is fully stocked for an extended stay, and when you leave your regular day-to-day life behind, try your best to really leave it behind and enjoy the time you have.

On the other hand, maybe you just want to get away and spend some time alone. Your North Carolina beach vacation home is just about the most ideal place imaginable to just escape the stress and aggravation of a modern, busy lifestyle.

Sometimes you need a place where you can retreat and regroup. All you have to do is spend a day listening to the waves from the deck on your beachfront home and you’ll soon realize how valuable this investment really was.

Future Residence

You can also get a second home with the intent to use it as a vacation home now, but in those sweet, sweet retirement years, this could be the perfect way to escape the big city and enjoy your well-earned retirement in a beautiful location.

In this case, it’s important to keep an eye on the North Carolina real estate market and make sure you get the property at the best rate possible. You’re investing in your retirement, so the timing of your purchase is really important.

Rental Income

If you’re going to rent your vacation home to others, it’s important to keep it clean and updated and in good repair. One group of renters may have left a little extra wear and tear on the property, which is barely noticeable right? But that kind of thing adds up, and several renters later you may have a serious blemish that could cost a lot more to repair.

Is the refrigerator a little iffy? Is the toilet making strange sounds? Take care of these problems as they occur rather than waiting and dealing with everything at once.

You may also consider hiring a management company to take care of the property and be in charge of marketing/advertising to find plenty of renters for the season. It may cut into your profits a little bit, but there’s no substitute for the added professionalism that will accompany the renters’ experience.

Sell It for a Profit

Keep your eye on the market so you know when it’s the right time to sell.

Keeping your home fully updated is an important part of this process, too. Updates are easier to handle financially when you’re making small changes as you go rather than hoping to do some major renovations right before you sell.

Of course, the best thing you can do is work with an experienced agent who can help you determine if this is the right time to sell, offer suggestions based on current trends on how to improve value, and handle the ins and outs of the selling process.

Before You Buy Your Ideal Vacation Home

There are a few important things to keep in mind while you are searching for your vacation home.

First, always have a plan in place for maintaining your home. You won’t be there all throughout the year, so make sure it is cared for in your absence. This is particularly important if you’re renting it to strangers during the year.

Next, look into the neighborhood and make sure it meets your needs. Are there convenient shops and restaurants nearby? How close is it to the beach? Elements like these can affect a person’s desire to rent the place. There may also be some regulations or HOA restrictions on rental properties in the area, so take the time to look at more than just the home itself.

Finally, make a budget and stick to it. You may want to add a number of upgrades, but don’t do too much too fast. If you’re renting or selling, you need to make sure you stick to the budget to remain profitable.

Making the most of your North Carolina vacation home depends a lot on how you intend to use it. Be sure to contact us and learn more if you’re ready to start the process.

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Brunswick County NC January 2022 Housing Market Statistics Update

brunswick county nc real estate statistics for january 2022 southport oak island realty group, realtors oak island nc

Just Released!

January 2022 housing and real estate market statistics for the Brunswick County, North Carolina Region.

Highlights from the January 2022 Brunswick County local housing and real estate market update:

  • Pending home sales continue to outpace new real estate listings.
  • Closed home sales saw a significant drop.
  • Home, Condominium and Town-home inventories were consistent.
  • The average “days on market” before a home goes under contract remains the same.
  • Home prices in the Brunswick County, NC region have seen a slight decrease.

 

What does all of this stuff mean?

While time on market for home remains constant from last month, the overall trend in the housing market remains to have a positive outlook for home values and future sales. Homes continue to sell faster than they come onto the market, period.

Looking at Brunswick County real estate month over month, prices have decreased slightly county-wide. While some may panic at first glance, if we look at common market trends December has always been a slower time of the year for home sales.

For home sellers, time on market is a positive indication of where we are in the Brunswick County real estate cycle and it is the time to sell your home!

Last year was an amazing year for real estate sales in Brunswick County. It appears that even with constent days on market last moth and a slight decrease in the overall sales price, this year may surpass 2021’s numbers!

Contact us today by calling (910) 457-7113. We’re here to help make your next move!

Looking at past and present market trends as REALTORS®, our knowledge will help you when you begin your path to selling their home.

Are you ready to take the next step towards making the most of this sellers market?

We are STILL offering FULL SERVICE listings for just 4% commission rates.

Contact one of our knowledgeable Agent’s Today!

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Why a 4% Commission Makes a Huge Difference

4% Commission for Sellers in North Carolina Real Estate Southport Oak Island

Buying or selling a home is a huge decision, and there are many different factors that can influence your decision one way or another.

There are, of course, a number of costs and fees associated with the home buying process, including the agent’s commission. Traditionally, that commission is in the 5% or 6% range, and you’d be pretty hard pressed to get most traditional agents to ever come down on that number (for reasons we’ll get into in a moment).

At Southport Oak Island Realty Group, though, we have dropped that number and work on a 4% commission, which can make a huge difference in your decision to buy or sell or a home.

What Happens with an Agent Commission?

It’s important to remember that the entire commission (whatever the percentage) isn’t going straight into the agent’s pockets. Instead, the commission has to cover a variety of expenses that are a part of listing a home for sale. This could include the advertising, home photos, and anything else that is necessary to show off the house.

The commission is also split between listing and buying agents and used to cover the different realtor association dues at national, state, and local levels.

This is why most agents are unwilling to budge at all on the traditional 5 or 6% commission. There’s a lot of costs involved every time they sell a home. If they tried to drop those rates, they wouldn’t end up with much of an income at all.

There are just too many places where that money is going.

So, if an agent is going to work on a 4% commission, it’s going to require some planning and dedication to ensure we can still deliver all the services you need when you are buying or selling your home.

Can You Get the Same Services at 4%?

Yes.

A Southport Oak Island Realty Group, Inc., we offer full real estate listing services (in fact, we can even offer a little more) even at a 4% commission.

We still provide a range of services that include professional interior and exterior photos (including drone photos), inclusion in the multiple listing service (MLS), and other personalized advice and services.

We understand if, right around now, you’re thinking that there’s obviously a catch somewhere. After all, a percent or two adds up to a lot of money on a commission. Surely, that needs to be made up somewhere else… maybe in the form of additional fees mixed into the process. Surely.

Well, no. Surely not.

We don’t charge any additional fees on any of our listings. All services are included.

How Do We Manage That?

Our solution to the commission question was simple. We’re not a franchise.

We have to deal with the same overhead and realtor fees and dues that other firms have to deal with, but since we’re not associated with a nation-wide franchise, we don’t have to split our commission with these larger companies.

We take care of our own marketing and advertising, we don’t have to contribute to the national advertising funds, brand funds, and other overhead costs. Why would we want to? We specialize in North Carolina and the homes and properties in the Southport and Oak Island areas. There’s no reason to stretch the budget into the national real estate market.

This means that the real estate agent commission doesn’t have to be spread out between so many people/organizations. Instead, we can use it how it was intended: to help you get started selling your home.

How Much Does a Percent or Two Really Save You?

So, what does a 4% commission really mean for sellers? What is the monetary difference between a 4% and a 5% commission when you buy or sell a home?

Let’s look at some simple round numbers to get an idea.

Suppose your house is going to be listed for $500,000. A 5% commission on that is $25,000. 4% of the total, however, is $20,000.

What could you do with that extra $5K?

You can probably put it to much better use than it would get going to a national franchise somewhere.

That is money that you save and can use to make a few updates or buy some new furniture or bring in an interior decorator or hundreds of other possible things. When you’re buying or selling your home in NC, a single percent can make a big difference.

Get Started Today

Get started selling your home for a 4% commission with Southport Oak Island Realty Group, Inc. Our agents specialize in this unique and beautiful area, and we can deliver all the services you expect while saving you money.