Selling Greenville

I may be on my fourth straight day without power, but that's not going to stop me from reporting from the front lines on the unbelievable and devastating damage caused by Hurricane Helene to the Greater Greenville Area and to Western NC. In this episode, I discuss how Greenville was hit by a 1/100 year weather event, what it means for me and those I know, and what it means for our local real estate market.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

Even though this podcast is all about Greenville real estate, still by far the main question I get from listeners and others is, "What are you seeing happening in the market?" Are buyers still active? Are sellers still getting top dollar? Have investors given up? Some of these we can answer with data, but data is dry and can only take us so far. So let's answer the question of what's happening with some real life scenarios and stories that I'm actually experiencing every day in the Greenville, SC real estate market!

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

It's Fed week! And by the time most people watch/listen to this episode, we will already know whether the Fed decided to drop the Fed Funds Rate by 25 basis points or by 50 basis points. What impact will their decision have on the real estate market? And while we're talking about the impact of national politics on real estate, what about former President Trump or Vice President Harris? They have made multiple proposals for real estate that are also worth discussing to determine how much of an impact they will have and whether that impact might be good or bad for Greenville real estate. Usually our focus is on local real estate trends, but let's take a step back and look at the national trends and what they mean for the future of our housing market.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

The (10-year/2-year) yield curve has been inverted now for quite some time. Since 1955, every recession has been preceded by a similar yield curve inversion, but when the curve uninverts (as it did recently), does that mean things are getting better or worse? Headlines say better, economists say worse, but this is a Greenville real estate podcast. So let's just ask the question: are we going into a recession, and if so, what does that mean for Greenville real estate? It's not as obvious as you may think.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

Greenville hit an all time high for prices in July, but housing affordability still improved. Why? Because mortgage rates have moderated and are (as of this recording in late August, 2024) sitting at 6.37%, way down from their 8.03% peak in October. Long story short, sellers are getting high prices and still fairly favorable selling conditions while buyers are seeing greater affordability on monthly costs and more supply than has been accessible in years. So here's an update on where things stand in the Greater Greenville area and where I see them going in future months.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

In 2021 we saw record high real estate demand coupled with record low supply. Those dynamics aren't the case anymore in 2024, but how much has the market flipped? Let's compare the 2021 numbers to 2024 to get a sense of where things are at.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

Unexpectedly, many real estate firms this past week, including my own real estate brokerage, rolled out new policies for listings that fully decouple buyer agent commissions from listing agent commissions. The result? Well, beyond it being a confusing new system to navigate that now means a lot more back and forth between agents, some real estate sellers may end up paying fewer commissions than they have in the past. So will this mean sellers will list their homes for cheaper, making it better for buyers too? Unlikely, but let's unpack what all this means and what I am seeing firsthand the week after the most drastic changes the real estate world has seen in decades were implemented.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

Several months ago, it was announced by the National Association of Realtors that, in light of several antitrust lawsuits that were being waged against the NAR and other real estate organizations, major changes were coming to the real estate industry. And chief among those changes were changes to how realtors, specifically buyers agents, would be compensated. We discussed these changes on this podcast at the time they were first announced, but now (this week!) those changes are finally being implemented, and it's time to revisit them and what they mean for realtors and real estate buyers and sellers.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

"You cannot fool the real estate market" is a phrase I love to use, because many home sellers seem to think that overpricing a listing is the best strategy to use when selling a home. But homebuyers aren't stupid, and they will identify an overpriced home quickly and simply ignore it, with the end result usually ending up worse for the seller than it would've been had they simply priced it right to begin with. Don't believe me? Well, I have data on my side, and I'm ready to share it.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].

We talk a lot about how the real estate market has shifted and what that means for buyers and sellers, but how does that actually impact your strategy for buying or selling real estate? Let's discuss five points for buyers and five points for sellers for how to educate themselves, strategize, and maximize their opportunities in an ever-evolving real estate market.

This episode is sponsored by Piper Insurance Group, who can help you with all your home, auto, and umbrella insurance needs. Contact them for a free quote at: ‪(864) 350-9329 / [email protected] / https://piperinsurancegroup.com

 As always, if you have any questions or comments (or, of course, need a realtor), feel free to reach out to Stan McCune directly by phone/text at (864) 735-7580 or by email at [email protected].