Know your local market:

Fayetteville, North Carolina

Located in central North Carolina, Fayetteville is home to the large military base, Fort Bragg. Fayetteville is home to more than 211,000 residents and lies just an hour south of Raleigh. The city spans roughly 147 square miles. The Cape Fear River runs along with the city. Visitors and residents can take a quick drive outside city limits to enjoy Carver’s Falls, a two-story tall waterfall located off the river. The economy of Fayetteville relies heavily on the military base, with the facility ranked as the largest employer in the city (by a vast margin).

Fayetteville and the surrounding areas are also home to multiple major American defense contractors, including Boeing and General Dynamics.

Fayetteville is one of the warmer areas in the state. Summer highs hover around 91 degrees Fahrenheit. Winter temperatures sit around 32 degrees Fahrenheit. Fayetteville doesn’t get much snow. The city averages 2 inches of snow per year and 45 inches of rain per year.

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 Fayetteville, North Carolina

The housing market in Fayetteville is very competitive. While housing prices are lower than the national average, homes sell quickly and over the asking price. The median sales price for a home in Fayetteville is $209,000, and homes stay on the market for 39 days. Since last year, median sale prices have increased but not as much as in other markets. At the same time, in 2021, the median sales price for a house in Fayetteville was $175,00, and homes stayed on the market for 44 days.

The market has definitely shifted towards faster sales and higher sale prices since 2017 when the average house stayed on the market for 84 days and sold for $142,500.

The sales times in Fayetteville differ some from the rest of the state. The military base likely affects some sales patterns as servicemembers transfer in and out of the area. Peak months for sales are between April and August, while October and November show slowing sales numbers.

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:

Rich result when family needs to sell house fast.

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 Fayetteville have to offer:

Fayetteville has plenty to offer residents and visitors, from outdoor activities to museums and historic sites. History buffs and those with a particular interest in military history will find many unique opportunities to learn and explore. Outdoor lovers can enjoy hikes, walks, fishing, and swimming. Fayetteville is also home to a 5,000-square-foot antique mall that hosts booths from different vendors and a mall.

Popular attractions in and near Fayetteville include:

  • Cape Fear River Trail
  • Fascinate-U Children’s Museum
  • Museum of Cape Fear
  • Lake Rim Park
  • Airborne Special Operations Museum
  • Cape Fear Botanical Gardens
  • 82ns Airborn Division War Memorial Museum
  • 1897 Poe House
  • Mazarick Park
  • Clark Park Nature Center
  • Crown Complex
  • JFK Special Warfare Museum
  • Festival Park
  • Arnette Park
  • Hope Mills Lake
  • The North Carolina Civil War and Reconstruction Museum
  • Hope Mills Dam
  • Gillis Hill Farm
  • Veterans Park
  • Segra Stadium
  • Cape Fear Regional Theatre
  • The Shops at 123 Hay Street
  • Cross Creek Mall

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When life closes a door, and you need to sell.

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Further Reading

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