Check out these new listings in the area or use the contact button top right to contact us for the full list

Images	MLS #	Town	Price	Changed
	439643 MORE INFO	Waynesville	$245,000	New listing.
	481791 MORE INFO	Brevard	$105,000	New listing.
	474714 MORE INFO	Burnsville	$95,000	New listing.
	472051 MORE INFO	Asheville	$1,595,000	New listing.
	464658 MORE INFO	Maggie Valley	$219,000	New listing.
	489121 MORE INFO	Burnsville	$178,900	New listing.
	436777 MORE INFO	Lake Lure	$164,900	New listing.
	483523 MORE INFO	Brevard	$89,000	New listing.
	482349 MORE INFO	Brevard	$320,000	New listing.
	446440 MORE INFO	Lake Lure	$179,900	New listing.
	490424 MORE INFO	Hendersonville	$109,000	New listing.
	488524 MORE INFO	Tryon	$155,000	New listing.
	412691 MORE INFO	Lake Lure	$239,000	New listing.
	480203 MORE INFO	Hendersonville	$68,500	New listing.
	476343 MORE INFO	Asheville	$124,000	New listing.
	485040 MORE INFO	Etowah	$129,900	New listing.
	486180 MORE INFO	Prices Creek	$685,000	New listing.
	490608 MORE INFO	Asheville	$139,900	New listing.
	490641 MORE INFO	Edneyville	$199,900	New listing.
	459094 MORE INFO	Brevard	$275,000	New listing.
	490453 MORE INFO	Maggie Valley	$279,000	New listing.
	490452 MORE INFO	Maggie Valley	$179,000	New listing.
	490431 MORE INFO	Jonathan Creek	$99,900	New listing.
	490263 MORE INFO	Canton	$115,000	New listing.
	490119 MORE INFO	Green Mountain	$499,000	New listing.
	490139 MORE INFO	Hendersonville	$179,900	New listing.
	489885 MORE INFO	Burnsville	$189,000	New listing.
	489730 MORE INFO	Mars Hill	$500,000	New listing.
	489703 MORE INFO	Arden	$515,000	New listing.
	489591 MORE INFO	Lake Lure	$574,000	New listing.

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Using an FHA 203k loan can help you get the home you want – especially if you are looking at building some fast equity in a ‘fixer upper’.

Even a slight increase in mortgage interest rates can offset a significant drop in home prices.  For example, some buyers are nervous about purchasing now in case prices drop any further.  Let’s say home prices drop 10% in the next year. No-one is expecting this, however let’s work with a BIG drop! You are looking at a 200k home, and the interest rate is 6%, with a payment of around $1,200 per month. Let’s say you wait it out for a year. That same home drops 10%, and the  interest rates have increased 1%. The payment is one dollar less! Of course you need to look at factors such as the length of period you will stay in the home.  Consult your mortgage adviser for more information.

Payment examples

Home Price $200,000, Interest Rate 6%, Payment $1,199

Scenario 1: Home prices decrease by 5% and interest rates go up .5%

Home Price $190,000, Interest Rate 6.5%, Payment $1,201

Scenario 2: Home Prices drop 10%, Interest Rate increases 1%

Home Price $180,000, Interest Rate 7%, Payment $1,198

62 acre planned community approximately 15 minutes West of Asheville NC. Urban village environment including residential neighborhoods and retail shopping. Canoes, boats and kayaks are available for use by residents. Homesites range in general from high 100k to 300k. Home and land packages range in price from the mid $300,000′s to over $1 million, Townhomes $200,000+. More information about Biltmore Lake here

Low ball offers can be fun – especially if you are not emotionally connected to the home! Offers have a way of bringing more offers – check out the ‘chaos theory’ – and if you REALLY want a home, try to make your offer as attractive as possible. Things to consider:

1. Is the home priced correctly?

Our buyer agents use a model called ‘the selling zone predictor’ and can provided you with a range showing what the home should be priced at, based on homes for sale, and homes sold.

2. If you are flipping, consider your comps!

Homes that are sold below value, hurt comps in the neighborhood. Over time, this generally self regulates, so is not so important if you intend to keep hold of the home.

3. Contingencies on your offer

If you are going in with a low-ball, please consider leveraging a ‘clean’ contract – get those contingencies down as far as you can. Sellers quickly get insulted when you offer 20% less than asking price and then ask for closing costs! Bargaining chips are great, however, not when they cost you the home!

4. Put down more earnest money

This is such an easy one to address, and you will seem like a much more serious buyer if you put down more money. In the Asheville NC area, it is common to see a couple of thousand dollars down as earnest money. In other areas it is common to see 10% down. As long as you are protected by your contract which you should discuss in detail with your buyer agent, there should be no reason not to put more earnest money down.

Start your search today on the Asheville MLS, or fill in our concierge search which only takes a couple of minutes.