May 14, 2024

What’s The Best Way To Buy a Home Before Selling?

What homeowners need to know about buying a home before selling.

Selling your current home before buying a new one is the conventional way to move. However, depending on your situation, there will be times when buying before you sell is the better option. Whatever your reason, you should know that buying first comes with additional risks, such as paying two mortgages, if your current home takes a long time to sell.

If you’re in a situation where you must buy first before selling, don’t worry. It’s not impossible, but it takes some strategic planning to make it happen. Here are three things that will help you buy before you sell:

1. Use a home equity line of credit. A home equity line of credit, or HELOC, is a second mortgage that allows you to borrow cash based on the value of your home. In other words, it allows you to use your equity without selling your home. While lenders vary on how much they’ll let you borrow, 85% of your equity is industry standard. If you choose this option, you’ll need to act fast. Getting approved for a HELOC often takes longer than a traditional mortgage approval, so you should have it in place before applying for the mortgage on your new home. Once you have moved into your new property, you can put your old one up for sale at your leisure and pay back your HELOC using the profits. 

 

“You need to move fast in our competitive spring housing market.”

 

2. Finance with a bridge loan. A bridge loan is a short-term, high-interest loan. When you buy with a bridge loan, you can use your existing home as collateral to get a loan for your new house. To close your bridge loan faster, try to align the closing dates of your buying and selling transactions.

3. Use a service that will help you make a cash offer. Companies like Knock and Homeward are revolutionizing the way people buy and sell homes. These types of companies offer game-changing home loan products that let you make competitive cash offers on your dream home before the sale of your current one and help you avoid paying two mortgages simultaneously.

Buying a new home before selling your existing one has its unique challenges, but if you can leverage the three options above and utilize the guidance of an experienced agent, you can come up with the best solutions for your situation. If you want more details about this topic or have any real estate concerns, don’t hesitate to call or email me. I’ll be happy to help.

 

April 30, 2024

3 Effective Ways To Deal With Lowball Offers

Spring market strategies you need to know

Getting lowball offers on a home that you’ve invested so much money and time in can be frustrating. I get it—the first thing you’re inclined to do may be to completely ignore those offers, and who can blame you? But even though you might not find it enjoyable, dealing with lowball offers is a necessary part of home-selling negotiations. If you don’t know how, don’t worry because today, I will explain how you can handle lowball offers in these three simple ways: 

The first thing you should do when you get a lowball offer is to make sure your comps are correct. This means reassessing the price of your listing is around the same range as other properties in the area, because sometimes lowball offers may indicate that your home is overpriced. It is important to note, however, that when you’re assessing the value of your home, you also need to factor in the supply and demand, as well as the current rate of absorption in the market, in order to determine the actual value of your home. 

Once you’ve re-checked and re-assessed your home’s value, the second thing you have to do is counter the offer. If the offer seems too low, I suggest that you counter it with a full-price offer. But whatever the offer may be, it is important that you counter the offer because some buyers may actually be able to afford your property even though they don’t make it obvious. 

"Even though you might not find it enjoyable, dealing with lowball offers is a necessary part of home selling negotiations."

The third thing you have to do when dealing with a lowball offer is to negotiate the terms. You may find that some terms matter to you more than the price of the home itself. This includes your due diligence fee, due diligence timeframe, earnest money deposit, and your closing date. In this case, you may consider negotiating to adjust the closing costs, or there may be other things that can be addressed. But if you and the buyer aren’t able to agree during the negotiation, that is when you have to decline the offer. 

So, if you’re planning to sell your home this spring, make sure you take note of my suggestions to get yourself ready to deal with lowball offers, especially if your home has been on the market for some time. If you have any questions about the spring market, please don’t hesitate to reach out via call at (828) 674-0900. Whether you’re buying or selling, I would love to walk you through everything you need to know. 

 

Sept. 5, 2023

Featured Builder - AR Homes

The Cliffs/AR Model Home

If you're in the market for a luxurious new home in Asheville, North Carolina, then you won't want to miss the opportunity to take a sneak peek at this gem, located inside of The Cliffs at Walnut Cove. This new construction model home is currently available for sale, with an 18-month leaseback. Although the home is still under construction, it's already evident that it will be nothing short of breathtaking.

 

Asheville, North Carolina has been recognized by US News and World Report as the 4th best place to retire and the 16th best place to live in the entire country. With its stunning natural beauty, vibrant arts scene, and thriving culinary culture, it's no wonder that Asheville has become a sought-after destination for those seeking a high quality of life.

 

To truly appreciate the height of luxury living at The Cliffs at Walnut Cove, reach out to Asheville Luxury Brokers for a private tour of this immaculate home. Cricket Benfer, a leader in luxury real estate in Asheville, NC, has decades of experience helping people find their perfect luxury homes. With her expertise, she can guide you through the process of finding your dream home at The Cliffs at Walnut Cove.

 

Why Choose The Cliffs at Walnut Cove?

 

The Cliffs at Walnut Cove offers a unique opportunity to experience the pinnacle of luxury living in Asheville. Here are some reasons why you should consider this exclusive community:

 

  • Unparalleled Location: Nestled in the heart of Asheville, The Cliffs at Walnut Cove provides easy access to all the amenities and attractions that make this city so desirable. From the vibrant downtown area to the breathtaking Blue Ridge Mountains, you'll have everything you need right at your doorstep.

  • World-Class Amenities: Residents of The Cliffs at Walnut Cove have access to a wide range of world-class amenities. Whether you're looking to relax by the pool, play a round of golf on the championship course, or enjoy a rejuvenating spa treatment, you'll find it all within this prestigious community.

  •  

  • Customizable Homes: The Cliffs at Walnut Cove offers a variety of home designs to suit your unique preferences and lifestyle. From spacious single-family homes to elegant townhouses, you can choose the perfect layout and features to create your dream home.

  •  

  • Natural Beauty: Surrounded by the stunning natural beauty of the Blue Ridge Mountains, The Cliffs at Walnut Cove offers breathtaking views and a tranquil setting. Imagine waking up to the sound of birds chirping and enjoying your morning coffee on your private patio overlooking the picturesque landscape.

  •  

  • Active Lifestyle: If you enjoy an active lifestyle, you'll love living at The Cliffs at Walnut Cove. With miles of hiking and biking trails, as well as access to nearby lakes and rivers, there are endless opportunities for outdoor recreation right at your fingertips.

  •  

Experience Luxury Living in Asheville

Need personalized assistance? Our experienced real estate agents are here to guide you every step of the way. Whether you have questions about the home-buying process or need help negotiating the best deal, our agents have got you covered. Contact us to schedule a consultation today!

 

Cricket Benfer 

Asheville Luxury Brokers

(828) 674-0900

cricket@ashevilleluxurybrokers.com

 

http://www.AshevilleLuxuryBrokers.com/

 

Posted in Buying a home
Aug. 28, 2023

How to Spend an Unforgettable Week in Biltmore Park

Biltmore Park is a haven for adventure seekers and tranquility enthusiasts alike! Have you ever found yourself daydreaming about a place where natural beauty meets modern convenience, where you can savor the warmth of a friendly local community while exploring endless possibilities?

Say hello to Biltmore Park, where unforgettable memories await around every corner.

View More
Posted in Neighborhood Guide
Aug. 18, 2023

How are Seafood Restaurants in Asheville Championing Sustainable Fishing?



Amidst the thriving food scene and breathtaking landscapes, there's something that makes Asheville’s seafood a true standout. But what could be the secret behind the freshness and quality of seafood in
Asheville's best restaurants?

By sourcing seasonal catches right from our local waters, these establishments provide a unique gastronomic experience and play a vital role in bolstering our local economy and preserving the health of our oceans.

With every mouthful, you're contributing to the well-being of our oceans, supporting local fishermen, and encouraging the trend of serving up the seasonal bests. The seafood scene in Asheville is about creating a ripple effect, from the ocean's bounty to the culinary delight on your plate, right up to the sustainability of local communities and marine ecosystems.

Together, we'll see that your next seafood meal in Asheville isn't just a treat for your taste buds and a stride towards preserving our marine life and supporting our local fishermen. Let's embark on this inspiring culinary journey into Asheville’s sustainable seafood scene!

View More
Posted in Neighborhood Guide
Aug. 17, 2023

Montford - A historic Asheville neighborhood

Introduction

Are you interested in living in the city of Asheville but really don't want that downtown vibe? Let's look at a residential area just outside the city, same zip code, very historic. Let's explore Montford.

 

Montford: A Historic Neighborhood

Welcome to Montford, one of Asheville's most historic neighborhoods. Located just a few blocks from downtown, Montford is a charming community filled with beautiful Victorian homes, tree-lined streets, and a lively atmosphere. Montford is the perfect place to take a stroll and explore the unique architecture, and history of the area.

Many of the homes in Montford were built in the late 1800s and early 1900s and have been beautifully preserved over the years. The neighborhood exudes a sense of history and charm, making it a desirable place to live for those who appreciate the character and craftsmanship of older homes.

 

Dining and Entertainment

Montford also has some great restaurants and cafes. Whether you're in the mood for a full meal or dinner or a quick coffee, you'll find plenty of options here. The neighborhood offers a diverse range of culinary experiences, from upscale dining to casual cafes. You can indulge in delicious cuisine while enjoying the charming ambiance of Montford.

 

Outdoor Spaces and Recreation

Montford is also home to several parks and green spaces, providing residents with ample opportunities to enjoy the outdoors. One of the highlights is Montford Park, a beautiful green space where you can take a picnic or simply relax and enjoy the scenery. The park is also equipped with tennis and pickleball courts, perfect for those who enjoy staying active and playing sports.

 

Community Events and Festivals

 

Montford is known for its vibrant community and lively atmosphere. Throughout the year, the neighborhood hosts various festivals and events that bring residents together. From the Montford Arts and Music Festival to garden tours and the Victorian Christmas celebration, there's always something happening in Montford. These events showcase the rich cultural heritage of the neighborhood and provide opportunities for residents to connect and celebrate.

Posted in Neighborhood Guide
July 28, 2023

A Tour of The West Asheville Bars, Restaurants, and Art Scene

Asheville, North Carolina, is located in the heart of the Blue Ridge Mountains. Known for its spirited blend of Southern hospitality and eccentric flair, this quaint city is more than meets the eye. 

The West Asheville neighborhood, with its unique bars, world-class restaurants, and thriving art scene, truly encapsulates the charm of Asheville, NC. The beloved local favorite is a hub for art enthusiasts with an abundance of galleries and studios. You can immerse yourself in diverse local and international artworks while soaking up the neighborhood's vibrant atmosphere.

View More
July 28, 2023

Exploring Asheville: A Day at the Biltmore Estate and Surrounds

At the height of the Gilded Age, George Vanderbilt commissioned the construction of the Biltmore Estate. With its staggering 250 rooms, this architectural gem is America's largest home. Boasting an aesthetic inspired by the Renaissance, surrounded by an 8,000-acre estate encompassing luscious gardens, a bustling farm, a sprawling Biltmore winery, and miles of scenic trails that entice guests into strolls.

Visiting Biltmore, you'll be awestruck by this chateau, and you'll fall in love with the natural beauty of Asheville that makes every visit a relaxing journey. Whether you're a history buff, a wine connoisseur, or a nature lover, Biltmore promises a unique blend of allure and intrigue that's just waiting to be explored.

View More
June 22, 2023

Planning a Trip to Asheville, North Carolina? Here's Your Ultimate Travel Guide

Is a trip to Asheville in the cards for you? If so, you're in for a treat! You're headed to a place where nature's grandeur meets urban charm, southern hospitality comes infused with a cool mountain breeze, an explosion of culture and creativity is around every corner, and the community can make tourists feel like locals.

We have the ultimate travel guide to your stay in Asheville, an inviting city - you might just change your permanent address.

View More
June 14, 2023

A Foodie's Guide to The Best Restaurants in Asheville, North Carolina

River Arts District Asheville
Image Source: Conde Nast Traveler, James Schwabel/Alamy


A trip to
Asheville will surely be one where every bite immerses you in a story of locally sourced produce and culinary expertise. Asheville, North Carolina, a hidden gem in the heart of the Blue Ridge Mountains, has everything: from quaint bistros serving Southern comfort food to innovative restaurants delivering world-class cuisine. Each establishment is as unique as a fingerprint, with its distinct ambiance, flavors, and food philosophy. 

We've ventured through the city's top-notch eating spots to give you a run-down of where to go during your stay from East to West Asheville. From Biltmore Estate to the small breakfast restaurant 'round the corner serving up breakfast tacos - we have you covered!

View More