Real Estate News Radio with Rowena Patton

Embracing Minimalism and Mastering Real Estate: Insights into Tiny Homes and Selling Strategies in Western North Carolina

January 27, 2024 Rowena Patton
Real Estate News Radio with Rowena Patton
Embracing Minimalism and Mastering Real Estate: Insights into Tiny Homes and Selling Strategies in Western North Carolina
Show Notes Transcript Chapter Markers

Ever considered shrinking your living space for a simpler, more efficient life? Join us as we unfold the world of tiny homes, where innovation meets minimalist living. Discover the allure of these pint-sized dwellings from a captivating video that sparked our interest, to the practicality of their design for uses as diverse as project offices or quirky Airbnb rentals. We take you through the ins and outs of tiny home living in Western North Carolina, where the Asheville Triangle offers lush landscapes for these modern habitats. This episode is a treasure trove of insights into the safety, durability, and design aspects of tiny homes that bring in natural light and maximize space.

Selling over 3,500 homes has taught me a thing or two about the real estate game, and I'm excited to share my stories and strategies with you. Get the scoop on our revolutionary Cash CPO offer that's changing the home selling landscape, providing sellers with a cash advance and covering the costs of crucial inspections and repairs. But that's just the tip of the iceberg – I peel back the curtain on the economic cycle's influence on the real estate market, the mixed emotions accompanying relocation, and the charm of North Carolina's climate that draws people to seek their 'forever homes' in this picturesque state.

Putting a house on the market? Listen in for practical advice on navigating the real estate realm with confidence. We delve into the merits of pre-inspections and home warranties – think certified pre-owned vehicles but for houses – and how these strategies can pave the way for a smooth sale. For those with listings that just won't budge, we discuss simple yet effective upgrades that can breathe new life into your property's appeal. Plus, we tease the upcoming conversation about the innovative mobile tiny homes, offering a peek at the diverse housing options ranging from scenic multi-home properties to the unique Barn Dominiums of Bryson City. Join us for this episode, where we not only explore housing trends but provide actionable tips for sellers and buyers alike in the charming landscapes of Western North Carolina.

Speaker 1:

This is the plain English real estate show with your host, rowena Patton, a show that focuses on the real estate market in terms you can easily understand. Call Rowena now. The number is 240 9962 1-800-570-9962. Now here's the English girl in the mountains, the agent that I would trust, rowena Patton.

Speaker 2:

Good morning and welcome to the real estate news radio show. You can find all the links you need for what I'm talking about today at realestatenewsradiocom. I know that's a shocker. It's that website. It's Rowena Patton All-Star Powerhouse broken by EXP. Get all that stuff out of the way. Today we are talking about tiny homes. That's an interesting topic.

Speaker 3:

I know that's cool. I'm a little anxious to learn more.

Speaker 2:

Well. So what triggered this actually is? I've been doing research this week and I watched one of those videos on Instagram that was about these guys unwrapping, and you can see this at realestatenewsradiocom too. Unwrapping it's basically a folded up prefab house for a hotel booth, office, guard house, shop, villa, warehouse that's what they're claiming at least workshop, and it has a restroom. It's really interesting Actually has a little bathroom in it. You can buy different sizes. It's a 13 by 20 foot, so it's a real tiny home. They're selling them as tiny homes and there are other options as well. The other one is 15 by 20. I don't know why this one is more expensive. It's the same size $22,999. The other one is $19,. So maybe the other one has a bathroom. Let's have a look See if we can find that on there. Yeah, that one has a bathroom and it comes all folded up. That's amazing. And then all the walls fold down. It sounds crazy, right? So it says spacious living and of course you know I'm reading their ad copy. So go and look into this. You can find the link to this at realestatenewsradiocom. I made it really easy for you because actually, when I was looking up, I had a little difficulty finding it Spacious living the size of this prefab tiny home for sale to live in. And of course you know we have listeners everywhere, so you have to check your local restrictions and everything like that on these. So spacious living, the size of this prefab tiny home for sale to live in is 15 by 20 by 8.3 feet, so that's the height of it 8.3 feet, offering more space than typical shipping containers. Well, that's nice because a lot of people have become very interested in shipping container homes. But this one you basically folded out. I saw three guys folding it out. There's a video on there as well that you can watch at that link realestatenewsradiocom If you've just joined in. There's a link. It's called Tiny Homes. There's also a link on there for tiny homes in western North Carolina, so you can see what tiny homes are out there already and I'll talk about those a little later in the show, which will be fun. We'll go through ones already out there. There are some ones with absolutely amazing views. Some are 800 square feet. So what's 15 times 20?

Speaker 3:

300.

Speaker 2:

300 square feet, yeah, so I guess you could lock two of these together, which would be kind of interesting, and then you'd be at 600 square feet. A lot of tiny homes are 600 or less, so that would make you a real tiny home. And there's other ones on there as well, obviously. So safety and durability. Constructed with a steel frame and flame retardant foam wall board, this container home prefabricated is waterproof. Well, I would hope so. I love what these are. I mean, does it come from? Well, we won't say where it comes from. It's earthquake resistant grade eight that's pretty amazing and wind resistant to grade 10. What does that mean? Do you know?

Speaker 3:

I really don't. Are these on wheels?

Speaker 2:

No.

Speaker 3:

They're okay, no.

Speaker 2:

They're Sit on a foundation. Yeah, I mean you could put it on a foundation. I guess let's see what else it says on here. Expandable design, especially designed. Permanent prefab tiny home can be folded for easy transport. See, it all folds down, and that's the difference in a manufactured home because they are on wheels, depending on what kind of manufactured they are, of course. Where is it Folded for easy transport? Simple assembly and disassembly makes it suitable for frequent relocation. That's interesting too. It would be extremely good for people who are doing developments or something like that, that need an office, or maybe need an office outside of their house. That's another way you could look at it. I guess people are using these for Airbnb's as well. Again, we've done a whole show on STRs. You can look that up at realestatenewsradiocom. Click on the podcasts, look for the short-term rentals on there. We had an expert on just a few weeks ago talking about that one, so you can learn about STRs at that link too. And we talked about restrictions and you know local variances and things all over the country on that one. It also says abundant natural light. Multi-window design there's windows all over this thing. It shows a bright and inviting interior for the tiny house equipped with full electrical wiring to USA standards, providing flexibility for customization. That's pretty cool. Versatile applications suitable for various high, middle and low-grade buildings, including commercial housing, schools, campsites, temporary hospitals, backyard guest house and more. That's where the Airbnb's come in, I guess. Interesting For installation this prefab house has no accompanying staff to dismantle and install. While furniture and circuits are not included, you need to install it by yourself. Okay, so I literally saw three guys unpacking it and folding it out. It didn't look that hard. There's sheds and tiny houses. You use drywall anchors and screws throughout the holes on the adjustable legs for added stability. It's got little legs underneath that you can change depending on, I guess, whether you've got a level lot or not. Transportation this belongs to Oversight Goods. The logistics channel used is truck delivery. Shocker Unloading requires you to prepare a crane. Ooh, because of the overweight, cannot be unloaded with a forklift. Okay, so you've got added costs there, but this thing is $20,000, which is interesting. Huh, that is really interesting. We've got a 19 by 20 feet is the biggest one on there with a restroom, but the 13 by 20 has a restroom too, and there's all kinds of others that have full bathrooms, little bedrooms. The video is pretty funny. Yeah, there's a video down here. Similar products. Let's have a look at this one. This is 49,. Excuse me, 34,999. This one is 19 by 20. I wonder how easy it would be to put two of these together. You know not have a restroom in it or something. But obviously, if you want something that is just as a guest house or something like that, this could be a very inexpensive way to do it and it doesn't look bad at all. I've got to tell you. It's got sliding doors, pretty windows on it. You could dress it up. It's pretty cool and there's lots of these. Now. I guess that you know people are becoming so interested in tiny homes and again, you can see a link to this at realestatenewsradiocom. If you're sitting at home in front of your computer or on your phone, realestatenewsradiocom, you can see it right there. There's a lot of different manufacturers of them. I'm trying to find another one here. There's all kinds of cabin plans on there as well. On the link that I set for you, You'll find two or three different ones, including, you know, sheds with floors as well, All the ones. You used to see these at Home Depot, and they seem to have disappeared.

Speaker 3:

The term I remember hearing about them is called a she-shed. A she-shed.

Speaker 2:

That's right. I know people that have spent hundreds of thousands of dollars literally building a she-shed. There's all kinds of. Here's a wooden storage building that's 16 by 32. This one's 15,000, but it looks fantastic. It looks like a barn. It's got windows all around it and a moon house. There's a moon house on here as well. That would also. This actually is a home, so it looks like a dome, a conno house, mart moon house, 33-foot diameter. So interesting, it is not a complete house. You're buying a dome framing kit only, and I've seen these and we've actually put one on the market before, so these you can actually sell as real estate, as homes.

Speaker 3:

And there's a village out in Flat Rock.

Speaker 2:

You probably have a family with a tiny home. Yes, Now some of those. You know they've got to be on a permanent foundation. Well, they don't have to be, obviously, but you can buy tiny house plans as well 24 by 8-foot-6, DIY camper trailer project 35 bucks for that. These are really good looking little homes. It's really fascinating. I have to say, though, I am very interested in the fold out ones. So, for example, a lot of people became interested in containers, container homes.

Speaker 3:

Yeah, I've seen a lot of construction Actually down in Rivers in the River Arts District a restaurant there is made of cars, of containers.

Speaker 4:

Really.

Speaker 3:

Yeah, right near the railroad overpass, smoky Mountain Diner Smoky Mountain.

Speaker 2:

Oh.

Speaker 3:

A supper club. I believe it is Gosh.

Speaker 2:

Well, let's have a look how much these are. Now, these are scale models, but those things can go 10 to $20,000 to ship them, get them in place and everything else. And here you're looking at $20,000 for a fold out house. That obviously you've got some more costs involved. You've got the crane and everything else, but I would imagine you have that with the containers as well, of course. Yeah, so it's just interesting. Looking at the other options, my gosh, most of these fold out ones look the same, but they are meant to actually live in. You know lockable doors and windows and you know it's all actually put together in such a way. It's got light and ventilation and all the other stuff you need to actually live in it. I wonder how many people would be happy living in that tiny space. Here's a picture of the shower. I mean, it basically looks like a manufactured home but a lot more modern. Yeah, this one's got a full bathroom in it. So this one is $26,999. So basically $27,000. Let's be honest, it's got five star ratings, 100% five star ratings, and it has a full bathroom. Wow, that one's 19 by 20. So it's enough room to put a bedroom and a little mini kitchen and everything else. Now, of course, you've got flame retardant foam wallboard in there, so that's where your installation comes in and it is flame retardant so, and they are making all kinds of kits now for a wallboard that goes inside houses, that has foam in it because it makes, you know, really good insulation.

Speaker 3:

Oh, that spray foam insulation.

Speaker 2:

Yes.

Speaker 3:

King Daddy.

Speaker 2:

Yeah, exactly, and these are solid, you know foam kits. Basically, I am going to do some more. So this one is 19 long by 20 wide and it's an eight feet ceiling, which is not a tall. It's not nine foot ceilings like you see in a lot of new houses now, but, oh my gosh, a lot of fifties and sixties homes have the eight foot ceiling.

Speaker 3:

Yeah, your standard door frames six foot eight. So exactly eight feet.

Speaker 2:

Yeah, and you know to to count the square footage in a I don't want to say a regular house, because what's a regular house anymore? But to count the square footage it has to be seven feet tall. So this is a foot taller than that. So you know, it's a special designed permanent house. It's not meant to be on wheels or anything else and it's got the little adjustable feet that it that it sits on. So I imagine what what you would do to do it properly is pour your concrete plaid pad in first and maybe pour it bigger so you can have the patio there. Right, yeah, be interesting to talk to a construction person about. I'm actually going to call them and get a lot more information on this. So, and talk to somebody in construction. I have a good friend, dale, I met recently that would this would be right up his alley Like how much would it cost to put everything else in and you could design them how you wanted to design them. I mean, I'm thinking about 50,000. Maybe that would be turnkey, and then you've got your lot and obviously that has to have you know set up and yeah which could be another 20 or $30,000. You just never know depending on whether it perks or not. Right right, a really great way to do this when you're thinking about, you know, maybe you've got a family that you want to put up for a while, or you want to guesthouse, maybe your house isn't big enough and you've got some land is that you can tap into your existing well there, and then you've only got the septic to put in.

Speaker 3:

And I could. I can imagine that traveling nurses would love to stay in something like that.

Speaker 2:

That's a great idea, yeah, and if you've got a bit of land, you could put a number of them on. Yeah, and you know if you're outside the city limits or wood fin now has taken on the controls on air BNB's or you know you have to check in if you're listening all over the country. We're in Western North Carolina right here. We cover selling homes all over Western North Carolina, north of Weaverville, like Jupiter area, all the way down to south of Hendersonville and west of Waynesville all the way over to Marion, east of Black Mountain.

Speaker 3:

So we call it Big circle yeah.

Speaker 2:

Yeah, I call it the Asheville Triangle. Yeah, you know. So it takes in all of those points. That's a lot of houses. We've sold over 3,500 houses at this point. People go, you know, sometimes I meet people who don't know me. I mean, we have a radio show, we have a bestselling book on selling homes, so usually people know me out there. However, occasionally I go to a list of home where someone says well, do you have experience here? You talk funny. Well, actually I've been here for 27 years now and sold 3,500 homes with amazing team members and we love to sell homes. And of course, we have the cash DPO offer, which means we can make and oh my gosh, is that taking off? I'm having other agents call me now. Actually, somebody who's about to join our team said I really want to join your team because this person called me and she really does not want to list a home on the open market and she called me asking for a cash offer and I really didn't know anything about that. Well, agents can use this too. You just go to cashcpocom cashcpo it stands for certified pre-owned and click get my cash offer and it's full market value offer. You get a 70% big cash advance in 12 days and then you use the cash CPO teams Money, the funding partners money to do the inspection and the appraisal and use their money to fix anything on the appraisal. It all comes off at the end, of course. It comes off your profit. And then we get to sell a home that's certified pre-owned which you know how much I love those If you've been listing in for a while I've been doing this since 2007. Again, you see lots of shows on certified pre-owned and what it's all about. Or you can go to cashcpocom. It's all outlined on there so you can take a cash offer. Or if you are thinking about listing, please, please, please, get the inspection. It costs you about $450. If you've got a septic, it will cost you a little bit more. I know of a house that the septic failed at a week ago and he was actually quoted $16,000 to replace the septic. You don't want to be in the situation where you think there's nothing wrong with your septic. I think that was very high. Quite honestly, you could put a whole new septic in for that. Also, the septic hadn't been pumped in a very long time, so it gets really, really thick and that's not good for your septic lines.

Speaker 3:

And that's I don't know, used to be $500 to get the thing pumped.

Speaker 2:

Yeah, I think it was $475, so you're exactly right, it's still the same. So get your septic pumped if you've got a septic. A lot of homes around the country have septics unless you're in the lowland, and a lot of those don't have them. So if you're in Florida, you probably don't have a septic, for example. So, because it's got a perk and that's liquid has got to run out. However, if you're thinking about selling, get all this checked out. It's well worth it. You don't want to be 30% of the contracts that drop out. You know this is, I think, a short window. Now we're in the economic cycle. The economic cycle is normal. Good old Clemence Euglard, 1860. We set it up and we crested here and in most parts of the country over a year ago. All the realtors I'm talking to all the cash GPO members are all over the country. You can see the map of where they're available right now at cashgpocom. We can do cash offers all over the country and they're all telling me that the market has softened. It's very, very different now. Most of them are big teams and they're the top teams in the country and they're saying that they're agents and I'm hearing that from agents here too. They're agents are finding it very hard because a lot of their agents started in the last two or three years Like, oh, we're going to jump on the gravy train. It's really easy making money as a real estate agent. Well, of course, when there were multiple offers and people wanting to buy because they thought the interest rate was going up, dan, weren't we right about that? You know, there was a rush to buy really a year ago at this point it's been a while and for two or three years before that. So agents who got in in the last three or four years have no idea of what a downturn in the real estate market looks like. A lot of sellers don't either. So you know, looking at things, we're talking about tiny homes today and, of course, the real estate market. This is Rowena Patton on the Real Estate News Radio show. You can find lots more about this If you're listening and you want to share it with one of your friends. Realestatenewsradiocom has all the links. You've got the links to listen on your phone, on your computer. Obviously, you can listen in your car if you want to. All that good stuff on WNC 570 live here locally, all around the Asheville Triangle. It travels all out there, but you can listen anywhere at realestatenewsradiocom. All the links for the tiny homes are there as well, and you know, look into this a bit further. So let's go back to what the market's doing. So all these agents are telling me around the country oh my gosh, it's really slowing down Now. All of these agents are in the top 1% of the market. Most of them are number one in their market. They know how to manage this. They know how to sell homes. They know how to look at the evolving real estate market and, of course, one of those things is cash offers. Cash offers have been around for a really long time. Most of them, you get up to 70% if you're lucky. If you're lucky, this is a full market value cash offer. That's why we jumped on this. I'm always looking to innovate in real estate. We did that, first of all, by certified pre-owned homes that sell a lot faster. I mean, if you were a buyer or a buyer's agent, wouldn't you want to buy a certified pre-owned home that's been inspected? You know there aren't issues. The issues have been put right. If you're thinking about selling, please, please, please, have Well, first of all, talk to me. I'd love to come and we'll give you a cash offer and show you how we list traditionally in the old fashioned way. More than happy to do that. Of course, we'll bring the cash offer at the same time and you can look at how that works. The difference is when you list your home traditionally and you know, I would very much recommend at least doing the inspection because you're not going to join that third of contracts that fall out because the buyer comes in, everyone's excited, you've packed up your boxes, you're ready to go and then a third of the time it falls out because you've got inspections on there and if you're sitting there right now going, there's nothing wrong with my house. I've maintained it very well. I'm sure that many of you have. I don't remember an inspection that came back with less than 30 items on and these days they've got more than 40 or 50 on a very, very regular basis. Now are many of those items nitpicky things? Yes, but remember we're in a market where buyers and sellers are more nervous right now and in many areas in the country and again I'm speaking with top agents all over the country every single week about this In most markets you have buyers coming in from somewhere else California. If you're in California, they're moving to somewhere else in big numbers. We all know about that. The mass exodus From big cities as well, a lot of the big cities that are seeing more and more crime. People are moving. Where are they moving? They're moving to Florida, they're moving to Texas, they're moving to North Carolina. I think we're second in where people move to here in North Carolina or they're moving to be by the kids. That's a very common one as well. So you know, so there's a lot of people moving right now. If you're moving from California, let's talk about this market. If you're moving from California, florida, texas, new York, washington DC, ie somewhere else, then you're already nervous. It's nerve-wracking, of course. Moving period the end I moved my office this week. That was. That was pretty exciting, actually, cause it was just down a hallway, which is nice. We're in a bigger office now, which is awesome. So even that is not fun. I'm looking for a home. I'm moving right now and it is nerve-wracking, and I'm looking in the same area. I did for a moment think about Florida.

Speaker 3:

No.

Speaker 2:

No, I'm staying here, for the time being at least. So you know, imagine moving from a different state. I know what this is like. I moved here from a different country in 1996. And I thought moving from another country was hard. But I've spoken to a lot of people that, for example, I've moved here from New York and it's like, it's like a different world. You know, there's all the Southern accents, there's different traditions. Then it's where do I get my bagels, you know, and all the stuff? They live in New York, of course, the different kind of pizzas, just the, which sounds minor. But when you're already going through the stress of moving, all that stuff is very stressful. The most stressful part is finding a house. Interest rates have gone up. I mean, they've gone down a little bit, but they're still higher than they have been. 7% is normal. By the way. 7% is average over the last 20 or 30, I think even 40 years. So it's just a normal interest rate, even though we're all you know having sticker shock because of how quickly it rose. We've all got sticker shock. I understand that. But imagine now put yourself in the position of somebody that's moving from New York or California or Texas or wherever they're moving from Florida. Maybe they moved from a classic here is halfbacks. They moved from up North to down South, usually Florida for the warmth, and then they're not happy in Florida or it's too hot and they come back here because we have a nice climate. It's. What is it going to be today? 60 degrees in January.

Speaker 3:

Right, it was 72 yesterday. Oh, like, really, yes, got that high, it was 72 yesterday.

Speaker 2:

Oh my gosh, Now does it get chilly? Yes, but all in all we have four seasons. It's quite a pleasant climate here, Very, very much so, and it changes a lot. You know what they say in the mountains if you don't like the weather today, just wait five minutes and it will change.

Speaker 3:

We really are in a unique place to experience four totally different seasons.

Speaker 2:

Yes, and we're in the South, so it does stay that little bit warmer in the winter. You know, we have the elevation because we're in the beautiful mountains, which keeps it that little bit cooler than the flatlands. It's not sticky.

Speaker 3:

It's like a rainforest here sometimes. Yeah, yeah.

Speaker 2:

Well, it is that climate, right, so we're a subtropical. I believe, or a rainforest climate. So again, put yourself in that mindset of the person moving here from another state. It is nerve-wracking. The most nerve-wracking part is finding a house. So stick a shock. Just finding a house because of the lack of inventory right now there aren't many houses on the market. That's another thing You're thinking about listing. Get it out there now. Stop waiting on the leaves on the trees. I hear this every year. I tell you this every year. You don't want to be competing with all the rush of the. We really are expecting a rush of homes to go on this year.

Speaker 3:

I was talking to a friend recently who said thinking about selling my house when spring comes and when the tree. You know I see you your words just came roaring to me. Yeah, yeah, stop thinking about it.

Speaker 2:

Talk to me. I'll come in and see. You can call 828-333-4483-828-333-4483. We'll set up an appointment. I'm not going to pressure you in any way. I talk lots of people out of selling their houses because we go through. Where are you going? What's that going to look like? Let's set you up with a search. Wherever it is in the country. We can do that for you so you can see what's available in what kind of areas you want to go to. I know they're calling it the silver tsunami that's going to happen with real estate, where a lot of baby boomers are thinking about getting out of those big houses. Sometimes they need a little bit of work. Again, I'll come in. I'll show you what the cash offer would look like. It's a full market value offer. Actually, 2-thirds of people get more than with a traditional listing. I'll also go through a traditional listing. I've been doing those for many, many years. What that looks like too, and the drones we do and obviously the professional photography. We have a radio show that we give links to. We have a great following through the radio show that's been going for 12 years and people come to us. They listen, all over the country looking for homes. So we obviously help them and it's another way to get your home out there. We have social media out the wazoo. Obviously, everybody has to have that. Now you go out on 300 websites. We've got an amazing network of top 1% agents all over the country, all different agencies. We're agency blind. It's all about the best agent, not who they work for, quite frankly. So we can look at where you're going and just take a minute to say are you gonna be able to afford based on the CMA or the comparable market analysis? Or, frankly, we don't even do those anymore. We do a cash offer because that is your comparable market offer, value, because we've looked at the value, we've done everything and here's your cash offer. So I'll come in with that for you and you can look at what it would look like to list it traditionally and whatever way you choose, I'm there for you. I might even talk you out of selling your home, who knows? But we want to do the research now. I'm not just trying to make a commission check on selling your house. It's like what are you trying to do? What is your lifestyle? You want to go to move, to live by the kids, or maybe you are the kids wanting to move close to your parents. Maybe your parents need a bit more help. So we'll look into all of that and see what you can afford. Maybe you're thinking about assisted living. Maybe your partner's got sick. We have the assisted living CPO that helps you through all of that too. So, whatever your situation, we have agents all over the country who are very highly trained including here, of course, because I developed these programs that can help you through that. So again, nerves coming in from somewhere else. The last thing you want to do with your home when you're selling it is appeal to those 60, it depends on the price point. The higher up the price point you go, the more likely your home is to be sold to somebody outside of the area. Therefore, you go up the nerve scale. So if you're buying a house at $507.50 a million, $2 million, $3 million, and you're coming in from another area, your nerves are likely to be higher because you're spending a lot more money. You may have visited here a few times, maybe you used to live here originally, but obviously the nerves are higher at that point. So prepare your house to take that nervousness away. You'll be unique because there are very few homes that are certified pre-owned homes either because the sellers don't want to pay that $450 to have it inspected. That can save you thousands of dollars. It really doesn't make any sense. You don't even have to fix anything, you just disclose it. Everybody goes in eyes wide open. Imagine being that Bob and Sandra from New York are coming in and your home is certified pre-owned. Yes, you've spent the $450 to or $500, depending on the size of your house to inspect it. Maybe you can share the inspection report with them and say here it is. You'll see there's lots of minor things on here or there's a bigger thing and we've taken that into account in the price of the home. You don't even have to fix anything, you can just disclose it. So don't worry about that. You know, I remember training an abs the number one agent in Charlotte at this point many years ago, and he stood up and he said I can't advise my sellers to have the inspection. I have 20 listings. And I said why not? And he said because I'll have 20 listings with problems. And the room went quiet because he had 20 listings with problems. If you haven't inspected it, you have a listing with problems. Period the end, absolutely. And you can think that old buyers will just overlook that and if their agent's any good, they'll guide them through it. Sometimes that's true.

Speaker 3:

Right.

Speaker 2:

And sometimes you know there's a lot of agents that jumped on the agent trail six months ago. Some of them are great. However, they have six months of experience, not 27 years of experience. You know that experience counts when you're helping people come in from outside the market. Now we're not talking about 5% of people, especially at the higher price points. We're talking about 60 or 70% of your buyers are coming in from somewhere else. They're already nervous. Take those nerves away. But it's also take your nerves away because now you go into contract and I promise you you're nervous. What's going to happen in the inspection? All you're thinking, oh, nothing's going to come up, because you know everything is so well maintained. Trust me, those inspectors find things and then what happens is the buyers come back to you and they ask you to fix it. That's the last thing you want to do. Or in most cases, maybe you're really handy and you have the time. A lot of people just don't want to do that, you know. Now you're two or three weeks before closing and you've got to fix 30 items on the list it's like a punch list and some of them may be bigger. And what do you can do? Get a quote for a new roof at this point Wow and all of this is costing money. Of course, and energy and stress. Oh my gosh, the stress that goes into it. So it's amazing, you know. So, really, really think about that. And for spending, you know less than $500. Usually you can just prep all of that ready to go. Have you well shocked? Is it a pain? Yes, and you got to flush it all out and everything else, but it's relatively expensive to do that in the beginning. What do you think and many houses have well see what do you think happens when Bob and Sandra from New York come in, put an offering on your house and then the well water gets tested. It almost always gets tested, by the way, almost always and it comes back with E Coli. I see that in over 50% of the wells.

Speaker 3:

Are you serious?

Speaker 2:

Yes, some kind of bacteria or something in there. It's very, very common. Remember they probably didn't have a well before. Now they're terrified.

Speaker 3:

And it's showing it's got this stuff in it. Yes.

Speaker 2:

Same thing with the septic. Most often they haven't had a septic before. They're already nervous because they're buying a home with a septic. And then the septic is tested and you know, their agent says, well, you should really have it pumped. And they're like, oh you have to pump the septic, it just sounds gross. You know, take all of that away, have it pre-pumped and show the receipt and have it tested and everything else and, most importantly, the home Show that your home is pre-inspected. There's a reason why used cars at all dealerships that are sold, the vast majority of them are certified pre-owned, 156 point inspection, everything is fixed and they offer a dealership warranty. That's what this is for homes. How the heck are we putting homes on the market without going through that? It makes no sense.

Speaker 3:

Yeah, and you, I've heard you also say combine that pre-inspection with a home warranty. Yes and boy, that just seals the deal right there. Yeah.

Speaker 2:

It's like a dealership warranty from a car. You know it costs you about 600 bucks. You don't have to pay for that until closing. We have to think more like this now If we're selling, you have to put these ideas in your mind. I'm more than happy to go through them with you. This is a much harder market to sell your home in. Now. Homes are sitting longer. We look at what are called expired listings. Those are houses that have been on the markets for six months and do not sell. And I'm telling you, these come through every single day. I can't even keep up with them at this point and that's going to push prices down because there are people who have an expired listing. And you've gone through all of that. What do you think happens when I call Bob and Sandra, who are now selling their house, and I say okay, I see you expired at $575,000. I have a cash offer for you at $575,000. You'll get 70% of your equity in 12 days. You can use that. We'll do the inspection and the appraisal and you don't have to pay for any of that upfront. It's all funded upfront for you. It comes off the profit. At the end We'll resell it, putting all those things right. A lot of you expired because you're a third of you, actually, if you had an offer a third of you and went under contract a third of you it dropped out and now you're ticked off because you've gone through six months or a year of people traipsing through your house, taking the dogs out, taking the kids out, making sure your pills are hidden. It's a pain. It's even more of a pain when it gets warmer because you've got to be out in your truck or your car and get your dogs out and your cat out and everything else or leave notes everywhere. Please don't let the cat out and you may think your dog's friendly, but when an agent's coming in with people they've never met, your dog might not be so friendly and it's stressful on your pets if you leave them there, and people really don't want a dog running around with them, even when they're friendly. They just want to look at your house and imagine it as theirs. So you know many expired listings that I go to choose the cat. That I mean. Honestly, every two people that I connect with they say sure, I'll look at it. Why wouldn't you look at it? You know I go through how it works. It's very simple and you're using somebody else's money to fix everything, because guess what a home that is fixed up. You can do all of this yourself. You can pay the money for the inspection, you can pay the money for the appraisal, you can pay the money out at closing for the home warranty and do it all yourself, or you can use somebody else's money to do it.

Speaker 3:

And you can try to live in that house while these things are being done.

Speaker 2:

The fresh paint new countertops, you know you don't have to get out in 12 days. You can stay there for up to 90 days. You choose your move out date.

Speaker 3:

But you can move out in 12 days with 70% of the value and somebody else is doing that stuff.

Speaker 2:

Short term rentals. Love it because usually they're not well, they're not living in the house, because it's a short term rental. So, and they don't want to put a sign outside because they want privacy, they don't want the people who are coming in and renting their home, they don't want to hit their rental income and the second home owners. There's a lot of second homeowners here who, again, they don't live in the house. So it's like you know, I'm tired of paying the taxes. We're getting older, we're not traveling as much anymore. Let's sell it, and we can do it easily with a cash offer and fix up the things that need to fix up. Maybe you need new countertops. So we fix the things. On the inspector report it's two parts. The other part is maybe it needs a fresh coat of paint. Maybe it doesn't need anything that's fine too. Maybe it needs more new pools on the cabinets. Maybe it needs nice quartz countertops because you got chip for mica and you never got around to all those honeydew projects that you're going to do. Maybe it needs new appliances. Maybe it needs patches on the roof. We find all that out on the inspection, but we can also make improvements whereby even a fresh coat of paint will normally bring you another $10,000. That's amazing. So any of the fees associated or anything else, most often they're all covered and more. You know two thirds of sellers get more than with a traditional listing because people love to buy the nicest home on the market. If you walk in and it's got a nice fresh coat of paint and it doesn't have your old funky furniture in it, or maybe it's nice furniture but it's just not the buyer's style often people don't have the vision to see through that. This is Rowena Pattern on the Real Estate News Radio Show. When we come back we'll be talking more about tiny homes. I'm going to go through some homes available for you right now in Western North Carolina and what the prices look on those. We've already talked about the tiny mobile houses that are expandable and you just fold them all out like a kit. They're pretty cool. We talked about those earlier. Realestatenewsradiocom for the link to listen anywhere in the country and links to everything we're talking about, including the upcoming houses that are available here. We'll see you on the other side of the break in just a minute.

Speaker 1:

From the 570 Weather Center. This is your Weather Channel forecast.

Speaker 5:

An approaching front is going to lead to windy and wet conditions on this Saturday, with some showers and a high hitting 55, as winds gust in from the south and southeast, at times near 20 miles per hour, and tonight some more wet conditions with showers and thunderstorms likely, as the overnight low hovers around 44. It's going to be a windy and colder Sunday. Rain will tape off later in the day with a high close to 48 and for the start of the week, monday, sunday, with a high near 43. I'm Jeff Marr from the Weather Channel.

Speaker 4:

Hi, this is Rick and we sold our home with Rowena Patton at All Star Powerhouse. We didn't really want to move, but needed to for my job. Our first realtor didn't listen, didn't care, didn't try. Not a single showing in two months. A friend recommended Rowena. She saw the hard work we'd put into the home, what it meant to us and what it could mean to someone else. Next thing you know it's sold. If you need to get your home sold and not just listed, you need to talk with Rowena Patton, remember to call at 828-333-4483.

Speaker 2:

Rowena Patton, here at All Star Powerhouse Sell it now, don't wait. Call me at 828-333-4483.

Speaker 1:

This is the Plain English Real Estate Show with Rowena Patton, News Radio 570, WWNC.

Speaker 2:

What is the betting that? Thank you, glen Beck. What is the betting that Glen Beck does not live in a tiny home? Okay, so let's have a look. Rowena Patton, here on the Real Estate News Radio Show. If you think anybody's interested in a tiny home or interested in the selling their home right now and how to do it realestatenewsradiocom. There's a link to listen and a link to all the homes we're talking about right now. Click on the button tinyhomeswnc. Let me make sure that's what it says. It's tinyhomeswnc right under the link to listen live at realestatenewsradiocom. So this is interesting. Bryson City. So mountainhomehuntcom is where you can find any of these. You don't have to write that down, just go to realestatenewsradiocom and click on WNC. We now are part of the Charlotte MLS so you can search for homes all over western North Carolina, but lots of other places too, including Charlotte Franklin. There's all kinds of different areas on there. This one is Bryson City. So five bedrooms, five baths, 2.1 acres. Why are they saying these are tinyhomes? Actually, this was recently highlighted as the front cover of Southern Living's eight secluded southern stays where views don't get any better. Twelve minutes to downtown restaurants and shopping, to Bryson City. How well do you know Bryson City?

Speaker 3:

It's Swain County, I believe out for close to Fontana Lake.

Speaker 2:

Yes, that's real close by and Klingman's.

Speaker 3:

Dome, I believe. Yeah, yeah, it's radio station out there, wvhn in Bryson City, that I've listened to a lot.

Speaker 2:

This is on 2.1 acres and there are three homes on the site. In total there's five beds, five baths. They're adding them all together, which is interesting. So we have Eagle's Landing, which is a two bed, two bath is 832 square feet. That's why they're tinyhomes With 400 square feet and partially covered decks. That's interesting. We've got Eagle's Nest, so we've got Eagle's Landing and Eagle's Nest Two beds, two baths, 840 square feet. So about the same size 532 square feet. They're different layouts, partially covered decks and is wheelchair accessible. And then there's TinyTurk One bed, one bath 400 square feet, 192 square feet. Loft 384 square feet, partially covered decks. So really interesting. So successful rental history bringing in $230,000 annually. Wow, wow. The views are spectacular. Go and take a look at this one. So if you click, it's the first one that will come up. Go to realestatenewsradiocom, click on Tiny Homes, wnc. It's the very first one that will come up and it is absolutely gorgeous. This is amazing. The homes are really pretty, very, very nice. Now my website is making me log in, which is very interesting, so I can hope I can.

Speaker 3:

Oh technology.

Speaker 2:

Yeah, really I might have to go over here, randy, and have a look at them over here, but take a look at the views on that one. It's absolutely amazing.

Speaker 3:

Bryson City is gorgeous. It's just a lot of vacant land out there, a lot of isolation. You're surrounded by the National Forest and the Great Smoky Mountains Railway is close by too. So Bryson City is a one. I wanted to ask you if you had any dealings with Barn Dominiums, have you? No, I'm taking us in a direction we probably don't need to go to. On the show today.

Speaker 2:

Those are the opposite to Tiny Homes.

Speaker 3:

They really are, aren't they?

Speaker 2:

Well, they could be little and you get those really high ceilings if you don't put the second floor in. I'm a big fan, actually, and I'm a big fan of the style. The only thing is, if you choose to do that, I always think about resale. A lot of people think about building their dream home. A lot of you that thought about building your dream home built it with me many years ago. In fact, I have a client right now who's selling their dream home that they built. I sold their home about 10 years ago in the Asheville area and they built their dream home and now they're selling it. So that often happens. They often think that they're building their retirement home. I totally understand it. I moved into my forever home about gosh five years ago and I said I'm done with men forever. I'm going to have a nice single level home and I completely remodeled it and that was going to be my forever home. Here I am and that home is now rented out and now I'm looking for another home. I do it as well. We all do it. So I always want you to think of resale. So bandominiums are not a traditional house. Yes, they're popular, or they were popular Sometimes. Things that are fads might not. It's the same thing with the tiny homes that we're talking about. Not everybody is going to want them. The difference in tiny homes is that if you can do it for a $50,000 investment, so you buy your tiny home for $20,000, $30,000, and you buy your lot. And if you do it for $50,000 or $60,000 or even less than $100,000, that is very affordable for somebody to buy down the line and you find a beautiful lot and everything else. So you're always going to have a market for that, I believe, because most people. The average person now is looking below $400,000 anywhere in the country and there aren't that many homes available. So if you could buy something that was newer and smaller, you can give up all that remodeling you have to do, especially if you're older and you don't mind living in a smaller home, especially if you're single, or maybe you want it for a second home. That creates that market. Although the bandominiums that would be my advice I'm not saying don't build one. It's always been your dream. Absolutely, we can help you with that. I love them. I love that farmhouse style. Nothing wrong with that at all, especially if you've got more money than garden. It doesn't matter for the resale, but even when you've got more money than garden, you tend to look at that very carefully. So I want to talk about this tiny home. This is a true tiny home 400 square feet. This is the second one that will come up on the list. You have to just look at this for the incredible views I can see.

Speaker 3:

That Isn't that gorgeous, that is incredible.

Speaker 2:

And that's why we call it the Blue Ridge Mountains. Yes, this is absolutely gorgeous. $249,000 is on nearly two acres with just spectacular views. It's brand new, it's custom built and you can watch the sunrise. It's really been put together in the right way to taking the views. It's got a 40 foot deck, lots of outdoor living around there. It's actually built in 2021. And the owners here we go again. The owners only stayed there a few times and now their plans have changed. So 2021, it's now 24,. It's three years old. It's got a community water system, pine tending, groove ceilings. There are a few rentals already active on the mountain, minimal property association cost and it's for road maintenance, which is what you want. It's got butcher block kitchen countertops, integral blinds and you can see all the pictures to this.

Speaker 3:

Oh my gosh, randy can you see that I can sunrise or sunset it's gorgeous.

Speaker 2:

Look at the clouds sitting in the sunrises Absolutely beautiful. So private looking too. Oh my gosh, I want that one. It's absolutely gorgeous. Here's another one three bedroom, two bath. This one is 1300 square feet. By the way, the one bedroom, one bath has only been on the site for four days, so take a look at that one if that's something you'd be interested in. We're gonna look at the ones that are truly tiny homes here. Some of them like this one 295 for a 1300 square foot house, a three, two. It's only been on the site seven days. You're seeing a lot more homes coming on the market. I think people are realizing that this is the season to do it. Get them on now. There's a lot of these that have been on just for a few days, and I'm just looking at tiny homes right now. If I looked across the board, you would see so many coming on. Get it on before the rush comes on in March, april that's not very long. Especially, I'll come out to see you. We'll look at the cash offer If you're interested in that. We'll look at what your home looks like, whether we need to do anything to it, how we could stage it differently. Hopefully, I'll say you don't need to do anything to it because it's beautiful already, and look at what kind of pricing ranges you could put on there. And remember you can do what we call seller possession after closing. Many buyers will agree to that, which gives you. The closing is already gonna take at least a month, if not six weeks. So you've already got six weeks and then we can add 30 days, 60 days, 90 days. You've got a long time to move out. Lock in that high price now why buyers are still out there looking. The election is coming up. Things are gonna get slower around the election. Get it out there now. This is a relatively short selling season and, like I say, we already crested a year ago, in my humble opinion. We're seeing price drops, we're seeing expired listings. So here's another one one bed, one bath, 229,000,. It's been on site for 44 days, so I'm guessing they're getting a little motivated by now. Here's one one bed, one bath. Here's another, true one, it's got great views 265, this is 408 square feet. Again, you can see all of these and the pictures inside. That's a very cute one with amazing views. Again, you can look at all these at realestatenewsradiocom, wnc. Tiny homes. And here we have another one two bed, two bath, 950 square feet for 645,. Good Lord, that is on 10 acres. That's why and it's absolutely gorgeous it looks a bit like a shed. You gotta look at that one too. It's been beautifully created inside. Sorry for saying that, not gonna say where it is, cause they'll probably sue me or something. It's absolutely gorgeous, very unusual. Go take a look at that one. Two bed, two bath on 10 acres. Here's another one, $125,000 guys. Two bedroom, one bath, 490 square feet, $125,000. It's got views. How cool is that? Where does the time go, randy?

Speaker 3:

I'm looking forward to going to your website and you wanna look at these? Look at all the big I know. Look, I'm dying to see that.

Speaker 2:

Realestatenewsradiocom there's lots more on there. $225,000, 640 square feet. One bedroom, one bath, an absolutely gorgeous stone one with a chimney. Three bed, two bath. Go, have a look at those. You can search around for other homes. Look up your neighborhood on that site too. See what homes are going for and give me a call eight to eight, 333-4483. See you next week.

Speaker 1:

This has been the Plain English Real Estate Show with Rowena Patton. Visit Rowena and post your questions at radioashvillecom or call her at 828-210-1648.

Exploring the Concept of Tiny Homes
Selling Homes and Cash Offers
Real Estate Market and Cash Offers
Pre-Inspection and Home Warranty Benefits
Real Estate Show