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Matt Nocks • August 26, 2022

SCHOOL IS BACK!!!

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SCHOOL IS BACK!!!


Whew!  For those guessing, that is a relieving sigh, for the kiddos to be back in school after the last few weeks of summer.  My wife and I love our children and love being around them, but as two working parents, we are ready for the routine again.   So are our kids if you ask them.

With that, fall market is just around the corner.  In the upstate of SC, we are seeing numbers of available homes slowly climb (but still not where we should be), and also the market normalizing back towards a balanced market. 


Over the last about 6 weeks or so I have seen a lot price reductions on listings as sellers wanted to “test the market” with a high price that numbers don’t really support – but when buyers could finance more with lower rates, they could afford to overspend a little, or possibly cover an appraisal gap with cash.  As a result, these high “test” prices don’t create offers, so to get offers or more traffic in, these sellers are reducing to what the accurate price should be. 


Some buyers don’t have the same buying power they did in March if they are financing a high percentage of their purchase.  Does that mean your home is worth less?  Not necessarily, it means some of the inflated prices that we have seen are fading, and we are getting back to a more normal market where most homes last more than 2 days on market.  Happy to continue a conversation with any of you on it if you reach out!


Hope you have a great month! 


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By Matt Nocks May 17, 2022
The Network A few weeks ago I went to a Sotheby’s international Realty networking event called the Ski NE. One of our brokers in charge and I were supposed to go to a different event out west back in the fall, but a goose hitting the plane pretty much derailed that whole trip. So we were going on the next one that would work for our schedules, which to both of our liking was out in Big Sky Montana, a skiing and networking event. We wanted to make sure that we didn't end up with something like the previous trip affecting this one, so we safely book ended travel days on it, and to include an additional ski day for us. After day one of skiing, we met up with our Sotheby’s group that evening and enjoyed a happy hour and mixer. From the beginning of that happy hour to the end of the event, I met about 150 different Sotheby’s International Realty agents in markets other than the upstate of SC. From Telluride, Lake Tahoe, Scottsdale, all the way up the California coast and around Seattle, Montana, Boston, and down in Orlando with smatterings in between. They were of course valuable takeaways from different panels, and different conversations with individual agents over the days there, but it was interesting and reassuring to see how high the standard for Sotheby's International Realty is everywhere. The small world experience of it is I was sitting next to an agent I had been emailing with in Boston, regarding an upcoming listing, and here we were sitting next to each other at Sushi restaurant at the town center in Big Sky, Montana!  I also spoke about the Upstate of South Carolina market to that group, who some had no idea about what all Greenville in the surrounding areas have to offer. If you could live and work anywhere, why not here!? Great experience, great people, amazing network!
By Matt Nocks March 24, 2022
Hi all, So I get asked a lot of questions from friends, clients, and just people who know that I am an agent about various topics and things that come up in real estate. Whether it is: do you know a good lender? What do you think of this market?, or just an interesting feature or funny home showing experience, I am going to post about them here periodically. I am going to aim for a biweekly post, whether long or short. So be on the lookout, and I will also have a link in my monthly e-newsletter to it. I am going to start with something short on the lighter side: I was on a listing appointment sitting down with the sellers talking through the details, and what was being conveyed with the home and property. There is a private stocked pond on this one with a handful of ducks, and on the list of items that convey, will be those ducks. They aren't basing any future home purchase on the livelihood of their feathered friends, and want to make sure the future owners know those guys will be long lived "guardians of
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