Michael Kanan, Broker/Owner of Exit Realty Connestee Falls.  As owner, I am a listing specialist in Western North Carolina. My areas of expertise include: Brevard, Connestee Falls, Cedar Mountain and Transylvania County. I specialize in Residential homes and Land sales.

For anyone thinking about buying or selling a home in North Carolina, I can say one thing for certain ... Mike Kanan is the only realtor you will ever want or need!

Mike recently sold my home in Connestee Falls in record time even in this poor economy and the transaction came with many challenges.

First, I lived in another state. Second, the buyer lived in Europe. Third, my mother lived in the house and wanted to rent it from the new buyer.

Impossible? Not for Mike Kanan!

Mike handled everything for me since I was 1,500 miles away. The first thing he did was show the home to every realtor possible so they could market it, too.  That exercise yielded a qualified buyer who made a great offer. Then he made sure that every item on the buyer's inspection report was cured, including buying new carpet and installing a radon system. I could not have done any of this from so far away.

Furthermore, he arranged for my mother to rent from the buyer so she wouldn't have to move for two more years! I don't know of another Realtor anywhere who would have gone to such lengths to secure the sale.

Mike is the finest realtor I have ever known, and I'm a licensed realtor, myself! He is professional, hard-working and extremely knowledgeable about his market. Whether you're buying or selling, Mike is the only one you'll need.

Sincerely,

Tripp Marshall

I was licensed in Florida in 1994 where I specialized in Business Brokerage.  My family  relocated to the western North Carolina Mountains in 2002 earned my Brokers license in 2004 and opened my Exit Realty Brokerage in 2008.

I feel fortunate to live in one of the most beautiful parts of our country. The Mountains of Western North Carolina never cease to amaze me.

 I am a former President of the Brevard of Realtors and served as Board Director and Membership Chairman.  Mike is a member of the Transylvania Cruisers, an Antique car club, and participates in Autocross and Track Driving.  I enjoy Fly Fishing as well.

www.exitrealtyconnesteefalls.com While Past performance is no guarantee of future success. Mike www.mikekanan.com is driven to put his Real Estate service in OVERDRIVE and make sure that prospective Buyers get Hooked on Brevard when searching for the just right Spot to call home.

Born in Knoxville, Tennessee, Bill graduated from the University of Tennessee with a B.S.B.A. Degree with a major in Economics.

Upon graduation, Bill spent two years in the U.S. Army at Ft. Knox, Kentucky, attaining the rank of Captain during his tour of duty.

Following his military service, Bill attended the Florida State University, College of Law and graduated with honors in 1970.

From January 1971 until January 2000, Bill practiced law with the law firm of Akerman Senterfitt in Orlando, Florida, and was Chairman of the firm from 1988 to 1996.  His primary area of practice was Commercial Real Estate Development and Corporate Law.

Bill served as a Trustee of the University of Central Florida Foundation from 1991 through 2000, and was Chairman of the Board of Trustees from 1998 to 2000.  Other civic activities included the Board of Directors of the Economic Development Council of Mid-Florida, the Board of Directors of Junior Achievement of Central Florida and the United Way of Central Florida.

Following his retirement from Akerman Senterfitt, Bill and his wife Marnie moved to Brevard, North Carolina. He and Marnie became members of the Brevard College Board of Visitors and were the initial Co-Chairs of the Friends of Fine Arts at Brevard College.

Bill became a licensed Realtor in 2002.

Licensed in 1985, Laurie Goodman has attained the Graduate Realtor Institute, Accredited Buyer Representative, Accredited Staging Professional, Certified New Homes Sales Professional, &Certified Residential Specialist Designations. She is a Bronze Award recipient of the National Institute of Home Builders, a $ 5 & $10 Million Dollar Award Recipient of the Jupiter, Florida Association of Realtors and a $25 Million Dollar Award Winner from the Columbus, Ohio Board of Realtors. Laurie was previously with RE/MAX of Ohio and Florida for 18 years where she received the Lifetime Achievement Award and was a past member of the RE/MAX International's 100% and Platinum Clubs. Laurie has been selling Real Estate in Brevard since 2006 and specializes in luxury Mountain, Golf Course and Lakefront Communities.

Originally from Northern New Jersey, PA and New York State, Kay has enjoyed the beautiful mountains of North Carolina since her teenage years! The mountains always were a drawing force to her life. If you feel ..“I’M HOME” then you too belong here. Kay, now a Broker, has been in real estate since 1992 . She enjoys meeting and sharing her love of Connestee with everyone she meets. As a homeowner in Connestee she feels there is no finer place to be. The beauty of Connestee and the charm and sophistication of Brevard are a major draw. The mountains of North Carolina offer a mild four season climate and convenience in travel to major locations. Kay especially enjoys traveling to the Caribbean and Alaska, vacations at the beach, the theater, playing Bocce, her friends and especially those who have been her clients over the years. She prides herself in having a reputation beyond reproach. You can trust her to be forthright and honest in her Real Estate dealings in assisting buyers and sellers with their real estate needs. If you need a Professional, then Kay’s background as Financial Officer, Federal Contracts Administrator and Sales Department Head on Fifth Avenue, NY will meet your needs.

Test Listings

Description

A real estate agent can help you understand everything you need to know about the home selling process.

Not all real estate licensees are the same; only those who are members of the NATIONAL ASSOCIATION OF REALTORS^® (NAR) are properly called REALTORS^®. They proudly display the REALTOR "®" trademark on their business cards and other marketing and sales literature.

REALTORS^® are committed to treat all parties to a transaction honestly. REALTORS^® subscribe to a strict Code of Ethics and are expected to maintain a higher level of knowledge of the process of buying and selling real estate. An independent survey reported that 84% of home buyers would use the same REALTOR^® again.

Real estate transactions are one of the biggest financial dealings of most people’s lifetime. Transactions today usually exceed $250,000. If you had a $250,000 income tax problem, would you attempt to deal with it without the help of a certified professional accountant? If you had a $250,000 legal question, would you deal with it without the help of an attorney? Considering the small upside cost and the large downside risk, it would be wise to work with a professional REALTOR^® when you are selling a home.

If you're still not convinced of the value of a REALTOR^®, here are more reasons to use one:

1. When selling your home, your REALTOR^® can give you up-to-date information on what is happening in the marketplace as well as the price, financing, terms and condition of competing properties. These are key factors in getting your property sold at the best price, quickly and with minimum hassle.
2. Often, your REALTOR^® can recommend repairs or cosmetic work that will significantly enhance the salability of your property.
3. Your REALTOR^® markets your property to other real estate agents and the public. In many markets across the country, over half of real estate sales are cooperative sales; that is, a real estate agent other than yours brings in the buyer.
   
   Your REALTOR^® acts as the marketing coordinator, distributing information about your property to other real estate agents through a Multiple Listing Service (MLS) or other cooperative marketing networks, open houses for agents, etc. The REALTOR^® Code of Ethics requires REALTORS^® to utilize these cooperative relationships when they benefit their clients.
4. Your REALTOR^® will know when, where and how to advertise your property. There is a misconception that advertising sells real estate. NAR studies show that 82% of real estate sales are the result of agent contacts through previous clients, referrals, friends, family and personal contacts. When a property is marketed with the help of your REALTOR^®, you do not have to allow strangers into your home. Your REALTOR^® will generally prescreen and accompany qualified prospects through your property.
5. Your REALTOR^® can help you objectively evaluate every buyer's proposal without compromising your marketing position. This initial agreement is only the beginning of a process of appraisals, inspections and financing – and a lot of possible pitfalls. Your REALTOR® can help you write a legally binding, win-win agreement that will be more likely to make it through the process.
6. Your REALTOR^® can help close the sale of your home. Issues may arise between the initial sales agreement and closing (also called settlement or escrow), for example, unexpected repairs might be required to obtain financing or a title problem is discovered. The required paperwork alone is overwhelming for most sellers. Your REALTOR^® is the best person to objectively help you resolve these issues and move the transaction to closing.

Setting the list price for your home involves evaluating various market conditions and financial factors. During this phase of the home selling process, your REALTOR^® will help you set your list price based on:

• pricing considerations
• comparable sales
• market conditions
• offering incentives
• estimated net proceeds

Pricing Considerations – Find a Balance Between Too High and Too Low

When setting a list price for your home, you should be aware of a buyer’s frame of mind. Consider the following pricing factors:

If you set the price too high, your house won’t be picked for viewing, even though it may be much nicer than other homes on the street. You may have told your REALTOR^® to "Bring me any offer. Frankly, I’d take less." But compared to other houses for sale, your home simply looks too expensive to be considered.

If you price too low, you'll short-change yourself. Your house will sell promptly, yes, but you may make less on the sale than if you had set a higher price and waited for a buyer who was willing to pay it.

TIP: Never say "asking" price, which implies you don't expect to get it. Price Against Comparable Sales in Your Neighborhood

No matter how attractive and polished your house, buyers will be comparing its price with everything else on the market.

Your best guide is a record of what the buying public has been willing to pay in the past few months for property in your neighborhood. Your REALTOR^® can furnish data on sales figures for those comparable sales and analyze them to help you come up with a suggested listing price. The decision about how much to ask, though, is always yours.

Competitive Market Analysis (CMA): The list of comparable sales a REALTOR^® brings to you, along with data about other houses in your neighborhood that are presently on the market, is used for a "Comparative Market Analysis" (CMA). To help in estimating a possible sales price for your house, the analysis will also include data on nearby houses that failed to sell in the past few months, along with their list prices.

A CMA differs from a formal appraisal in several ways. One major difference is that an appraisal will be based only on past sales. Also, an appraisal is done for a fee while the CMA is provided by your REALTOR^® and may include properties currently listed for sale and those currently pending sale. For the average home sale, a CMA probably gives enough information to help you set a proper price.

Formal Written Appraisal: A formal written appraisal (which may cost a few hundred dollars) can be useful if you have unique property, if there hasn't been much activity in your area recently, if co-owners disagree about price or if there is any other circumstance that makes it difficult to put a value on your home.

TIP: If you do order a market value appraisal, make it clear you don't need an elaborate, or full narrative report, i.e., the kind that's complete with photos of the house and neighborhood. Floor plans and a site map is sufficient in most cases.
Market Conditions – Is it a Buyer’s Market or a Seller’s Market?

A CMA often includes a Days on the Market (DOM) value for each comparable house sold. When real estate is booming and prices are rising, houses may sell in a few days. Conversely, when the market slows down, average DOM can run into many months.

Your REALTOR^® can tell you whether your area is currently in a buyer's market or a seller's market. In a seller's market, you can price a bit beyond what you really expect, just to see what the reaction will be. In a buyer's market, if you really need to sell promptly, offer an attractive bargain price.

If You Price High, Set a Schedule for Lowering the Price

Some sellers list at the rock-bottom price they'd really take, because they hate bargaining. Others add on thousands to the estimated market value "just to see what happens." If you want to try that, and if you have the luxury of enough time to feel out the market, sit down with your REALTOR^® and work out an advance schedule for lowering the price if need be.

If there haven't been many prospects viewing your home after three weeks, you may need to lower your list price. If that doesn't bring any prospective buyers, you may need to lower your list price again. Plan on doing that regularly until you find a level that attracts buyers. Make a written schedule in advance, before emotion takes over and you're tempted to dig your heels in.
Offering Incentives to Hasten a Sale

Sometimes cash incentives are as effective as lowering the price, especially in the lower price range where buyers may be "cash poor." You may offer to pay some or all of a buyer's closing costs and discount points required by the buyer's lending institution.

If you haven't had much traffic through your house and you’re in a hurry to sell, you may want to add the offer of a bonus to the selling broker, in addition to their commission. An example of the wording for such an offer may be "to the broker who brings a successful offer before Christmas."

Estimating Net Proceeds

Once you’ve been given an estimate of market value by your REALTOR®, you can get a rough idea of how much cash you might walk away with when the sale is completed. This can be particularly useful when you start looking for another home to buy.

To estimate your net proceeds, from the estimated sales amount, subtract the applicable costs in the three sections outlined below: seller’s costs, buyer’s/seller’s costs and closing costs.

Seller’s Costs: Subtract the following costs as applicable.

• payoff figure on your present loan(s)
• broker's commission
• prepayment penalty on your mortgage
• attorney's fees
• unpaid property taxes

Buyer’s/Seller’s Costs: Additionally, your REALTOR^® can tell you whether local customs or rules dictate whether the buyer or seller pays for the items listed below. Subtract the following costs, as applicable.

• title insurance premium
• transfer taxes
• survey fees
• inspections and repairs for termites, etc.
• recording fees
• Homeowner Association transfer fees and document preparation
• home protection plan
• natural hazard disclosure report

Closing Costs: As far as closing costs are concerned, you and your eventual buyer may agree on any arrangement that suits you, no matter what local practice dictates. Your REALTOR^® will assist you in estimating what your final closing costs will be.

Get Your House Ready to Show to Buyers

A house that "sparkles" on the surface will sell faster than its shabby neighbor, even though both are structurally well maintained.

From experience, REALTORS® also know that a "well-polished" house appeals to more buyers and will sell faster and for a higher price. Additionally, buyers feel more comfortable purchasing a well-cared for home because if what they can see is well maintained, they assume that what they can't see has probably also been well maintained. In readying your house for sale, consider:

• how much should you spend to prepare your house for sale?
• exterior and curb appeal
• interior appeal

Before putting your house on the market, take as much time as necessary (and as little money as possible) to maximize its exterior and interior appeal.

How Much Should You Spend to Prepare Your House for Sale?

In preparing your home for the market, spend as little money as possible. Buyers will be impressed by a brand new roof, but they aren't likely to give you enough extra money to pay for it. There is a big difference between making minor and inexpensive polishes and touch-ups to your house, such as putting new knobs on cabinets and a fresh coat of neutral paint in the living room, and doing extensive and costly renovations, like installing a new kitchen.

Your REALTOR^® is familiar with buyers' expectations in your neighborhood and can advise you specifically on what improvements need to be made and which improvements are most effective. Don't hesitate to ask for advice.

Maximizing Exterior and Curb Appeal

When preparing to put your home up for sale, your first concern is the home's exterior. If the outside, or "curb appeal" looks good, people will more than likely want to see what's on the inside.

Here are some tips to enhance your home’s exterior and curb appeal to buyers:

• Keep the lawn edged, cut and watered.
• Regularly trim hedges and weed lawns and flowerbeds.
• Be sure your front door area has a "Welcome" feeling.
• Paint the front door.
• In spring and summer, add a couple of pots of showy annuals near your front entrance.
• In snowy areas, keep walks neatly cleared of snow and ice.
• Check foundation, steps, walkways, walls and patios for cracks and deterioration, and fix any problem areas.
• Remove and repaint any peeling paint on doors and windows.
• Clean and align gutters.
• Inspect and clean the chimney.
• Repair and replace loose or damaged roof shingles.
• Repair and repaint loose siding and caulking.
• Reseal old asphalt.
• Keep the garage door closed.
• Store RVs and old cars elsewhere while the house is on the market.
• Maximizing Interior Appeal
• You want your home to look as spacious, bright and clean as possible. Also the home should look neutral – without a lot of your personal and sentimental objects - so buyers can begin to imagine living there.
• Here are some tips to enhance your home’s interior appeal to buyers:
• Give every room in the house a thorough cleaning and remove all clutter. This alone will make your house appear bigger and brighter. Some homeowners with crowded rooms actually rent storage garages and move half their furniture out, creating a sleeker, more spacious look.
• Use a professional cleaning service every few weeks while the house is on the market.
• Remove the less frequently used, and even daily-used items from kitchen counters, closets, basement and attic to make these areas more inviting.
• Make sure that table tops, dressers and closets are free of clutter.
• Pay special attention to the kitchen and bathrooms: they should look as modern, bright and fresh as possible. It is essential for them to be clean and odor free.
• Repair dripping faucets and showerheads.
• Buy showy new towels for the bathroom, and put them out only for showings.
• Spruce up a kitchen in need of more major remodeling by installing new curtains and cabinet knobs, or applying a fresh coat of neutral paint.
• Clean walls and doors of smudges and scuff marks.
• If necessary, repaint dingy, soiled or strongly-colored walls with a neutral shade of paint, such as off-white or beige. The same neutral scheme can be applied to carpets and linoleum.
• Check for cracks, leaks and signs of dampness in the attic and basement, and fix any problem areas.
• Seal basement walls if there are any signs of dampness or leakage.
• Repair cracks, holes or damage to plaster, wallboard, wallpaper, paint and tiles.
• Replace broken or cracked windowpanes, moldings and other woodwork.
• Inspect and repair the plumbing, heating, cooling and alarm systems.

Your REALTOR^®’s marketing efforts and considerations will include advertising, showing the property, how long the house has been on the market and whether you're buying another home. Your home should be listed, whenever possible, through a Multiple Listing Service (MLS).

Advertising and Promotion

Properties are commonly advertised through real estate agent Web sites, Internet home search/listing services, classified advertising and real estate guides. Promotion efforts through office and MLS tours are a good way of getting other buyer agents to view your home and to promote it to the buyers they are working with.

Even with all these advertising avenues, "For Sale" signs on front lawns are still remarkably effective. Many REALTORS^® promote their Web sites on the sign and use brochure boxes with the signs to market the property. When appropriate, and with your permission, your REALTOR® may send a mailing about your property to neighbors. Sometimes one of them has a friend or relative who always wanted to live near them. You never know how far reaching the benefits of word-of-mouth advertising by friends, relatives and neighbors can be.

Showings and Open Houses

To prepare your home for viewing, make it as bright, clean, cheerful and serene as possible. Always look at your home from the buyer's point of view. Your REALTOR^® will probably find a tactful way to suggest that you be absent while the house is being shown to prospective buyers, because your presence will inhibit their actions and conversations. They won’t feel free to open closets and cabinets, test out the plumbing and discuss their observations objectively as they walk through the house. It goes without saying that your children and pets should not be on the premises either.

If your REALTOR^® has scheduled an open house, you may want to notify the neighbors, and assure them that they'll be welcome. They'll jump at the chance to poke around in your house, and sometimes they can turn up a buyer among their friends.

Quick tips for showings and open houses:

• Clean or replace dirty or worn carpets.
• Open all curtains and blinds.
• Replace any burned out light bulbs and turn on all lights.
• Clear all clutter.
• Clear all countertops.
• Wash and put away any dirty dishes.
• Set the dining room or kitchen table if you have particularly nice linen or china.
• Simmer a few drops of vanilla on the stove.
• Put on soft music.
• Burn wood in the fireplace on cold days, otherwise, clean the fireplace.
• Put fresh towels in the bathroom.
• Take any laundry out of the washer and dryer.
• Leave the house so your REALTOR^® is free to deal with prospective buyers in a professional manner.
• Put pets in cages or take them to a neighbor.

How Long Has Your House Been on the Market?

Professional appraisers sum up their entire body of knowledge in three words: "Buyers make value." Your home is worth as much as a buyer will pay for it.

If your home has been on the market for months, it’s a clear message that the property may not be worth what you're asking for it. This is particularly true if there haven't been many prospects coming to see it. What you do at that point depends on whether you really need to sell, and whether you're working with a time limit.

If you're not really motivated to move soon, you can always wait - years if necessary - and hope inflation will catch up with the price you want. The problem is that in that time, your home begins to feel shopworn. Buyers become suspicious of a house that's been for sale for a long time.

If you really do need to sell, with your REALTOR^® discuss a schedule for gradually dropping your price until you find a level that attracts buyers. There's no point in saying, "We simply can't sell our house." Anything will sell if the price is right.
If You’re Buying Another Home

You may wonder what will happen when you're selling one home and buying another – how will all the details work out? This is a common situation and REALTORS^®, lawyers, and title and escrow companies have plenty of experience in arranging contracts and loans so that the two transactions dovetail smoothly.

And should you sell your home first then buy or buy first then sell? Ideally, it’s best to find a home you like and make an offer subject to selling your current home. This generally works in a normal market. However, in a "hot" market most sellers will not accept a "subject to sale" offer. In this case you need to sell your home first and then buy a new home in the interim period between selling and vacating your house.

If you find that you need to buy the next house before you've received the proceeds from the present one, lending institutions can sometimes make you a short-term "bridge" loan to tide you over between the two transactions. Make sure you fully understand the exposure and emotional investment before proceeding with this type of loan.