Asheville is in northwest North Carolina, amid the Blue Ridge Mountains. Home to more than 90,000 people, Asheville provides a unique combination of city living with quick access to mountainous hiking, arts, and fine dining. Both the Swannanoa River and the French Broad River meet up in Asheville. The Historic District provides unique views into the art deco and neo-gothic styles. The downtown area is particularly noteworthy because the city faced significant financial difficulties after the Great Depression, and new construction in the area stopped. Many of the buildings remain unchanged from earlier decades.
The mountainous region offers a different climate than some other areas in the state. Asheville sees nearly 11 inches of snow per year and 47 inches of rain. Summer highs are a bit cooler than other areas in the state, averaging around 83 degrees Fahrenheit. Winter lows drop down to 25 degrees Fahrenheit.
Understanding the neighborhood where you’ll buy or sell a property is critical. There’s a well-known phrase in the real estate industry: location, location, location. When you’re buying or selling a property, the one thing that can’t be changed is the location. You’ll want to choose wisely. If you’re selling your property, highlighting the benefits of your neighborhood is a great way to attract buyers. If you’re purchasing a house, taking a closer look at the community will help you understand the market and investment potential more clearly.
Need to sell your home fast? Get an offer from Brick, fast!
Whether you’re moving on a deadline or just want to speed up the sales process to move on faster, we can help. We offer:
Fast, fair offers: The average home sits on the market between 25 and 30 days. Once your home is under contract, it can take 45 days to close. At Brick, we’ll make a fair, cash offer within days.
No closing costs: Selling a home can cost several thousand dollars when you factor in realtor fees, closing costs, and repairs. You won’t have any of those expenses when you sell to Brick.
No walkthroughs: Don’t worry about scheduling open houses or walkthroughs. We purchase homes as-is. We also buy properties in any condition.
Close in days: Instead of waiting a month or more to finalize your sale and move on, sell to Brick. Once you accept the cash offer, we can close the deal within days.
Housing Market Trends in Asheville, North Carolina
The housing market in Asheville is moderately competitive. The cost of homes in the city has increased by over 20% year over year, but the number of homes sold has dropped by roughly 25 percent. The median sales price for a home in Asheville is $485,000, and houses stay on the market for about 35 days. The median sales price from last year was $402,000, and houses remained on the market for 41 days.
Home prices have almost doubled in the last five years. In May of 2017, the median sales price for a house in Asheville, North Carolina, was $285,000. Homes stayed on the market for around 43 days.
More homes are sold in May and June each year in Ashville, while January and February have the lowest home sales each year. Timing your sale to match your desired outcome could make selling your home more accessible. With more competition in the summer, you may get lower offers but sell quickly. Fewer buyers in the winter might mean higher prices, but it could take longer to sell your house.
Tips for Selling Your Home Fast:
Significant life changes don’t always come at the most convenient times. Selling your home may be a desire, or it might be necessary. Whether you’ve decided to start a new life across the country on a tight deadline or you’re just ready to ditch your investment properties, managing your sale the right way is essential. Check out these helpful articles for navigating the quick sale of your house:
- Need to sell a home quickly to avoid foreclosure?
- When you need to sell your home fast, what are your options?
- How to sell a house that needs work when you don’t want to do it.
Critical Tips for Selling Your Home:
Selling your home(s) can be difficult, but it doesn’t have to feel overwhelming. Taking a few minutes to prepare yourself for the sales process can make a difference when it comes time to part with your house. Here are a few things to consider:
Why are you selling?
Before you list your house or contact us for a cash offer, it helps to know why you’re selling your home. Identifying the why helps with the sales process, including setting expectations for a sales price. It can also help you emotionally process the transaction to let go of your property.
Sellers offloading an inherited property, downsizing, going through retirement, or selling because of a divorce, should consider whether their emotional attachment could make the sales process more difficult. We’ve noticed that buyers who are overly passionate about the sale are more likely to:
- Ignore staging advice
- Overprice the home
- Respond irrationally to lower offers or requests for repairs
- Fail to market to their target audience
If you’re selling because you want to liquidate your investment properties, you may need to consciously withdraw the idea of control over what happens to the property once you sell.
What are your selling needs?
Once you’ve identified why you’re selling and identified ways to emotionally detach from the sales process, it’s time to think about your needs during the sales process. Which of these are concerns you have about your upcoming move?
- Cost of relocation
- Access to equity in your property
- Ability to provide seller financing
- Time to pack and move
- Cost of realtor fees and closing costs
- Cost of repairs
- Finding a buyer to purchase the property as-is
- Desire or ability to manage walkthroughs and appraisals
Many sellers spend as much as 10% of their sales price on repairs, fees, and closing costs. Are you comfortable or able to let go of that money to sell your home on the traditional market? If your home needs extensive repairs, you may need to pay for repairs or make concessions on the sale price. If you’d rather avoid appraisals and negotiating with buyers, selling your home for cash could be better.
Prepare for signing and closing
One of the most anticipated parts of selling a house is signing and closing. This final step makes everything official. The process can be a little different depending on whether you sell your home through the traditional market or with an ibuyer.
If you sell your home on the traditional market, the sale can fall through at any point before closing. Complications with appraisal or funding could delay a sale. In worst-case scenarios, a deal could entirely fall through if a buyer isn’t approved for financing, or the lender refuses to fund the loan because the property appraises for less than the offered amount.
You’ll meet with the lender and the buyers during closing and sign paperwork to finalize the sale. Before the final paperwork, your property undergoes an appraisal and inspection. The agent will do a title search, and you’ll complete any repairs or other concessions. Once the closing paperwork is filed and the title is transferred into the seller’s name, the home is no longer yours.
When you work with an ibuyer, the closing process is different. The process is much faster because there are fewer hoops to jump through. We offer more flexibility for sellers, including the ability to control when you move out. We don’t require inspections or appraisals, and you won’t have to worry about our financing falling through. We can help you sell your home in days instead of weeks.
What does Asheville, North Carolina, have to offer:
Asheville offers an array of unique attractions and sites. Literature lovers will enjoy taking in the Thomas Wolfe Museum and the Carl Sandburg National Historic Site, while outdoor enthusiasts can take in the fresh air at Pisgah National Forest or the Botanical Gardens at Asheville. The city even offers more fun sites like the Asheville Pinball Museum and Woolworth Walk.
Popular attractions in and near Ashville include:
- The North Carolina Arboretum
- Pisgah National Forest
- Southern Highland Craft Guild, Folk Art
- Asheville Art Museum
- Thomas Wolfe Memorial
- Asheville Pinball Museum
- Carl Sandburg Home National Historic Site
- Botanical Gardens at Asheville
- Basilica of Saint Lawrence, Deacon, and Martyr
- Asheville Museum of Science
- River Arts District
- Grovewood Gallery
- Smith-McDowell House
- Southern Appalachian Highlands Conservancy
- Woolworth Walk
- Blue Ridge Parkway
- Lake Powhatan
- Lake Julian
- Beaver Lake Bird Sanctuary
- YMI Cultural Center