Triangle Area Real Estate News & Information - Buyer Info

Why Zillow Probably Values Your Home Wrong!

It's a question we hear on a regular basis, "We love your site but we were hoping you could get a "free online valuation. Why don't you offer this on your site?"   

My NC Homes has reviewed a dozen or more of them, trying to find one we felt good about offering our clients/customers. The truth is we haven't found a single one that we felt was worth putting on our site. They're all flawed for the same reason; they calculate your home's value using a number of false assumptions. The first is that all lots within a neighborhood are the same. They don't know whether your lot backs to a beautiful glade or a powerline, whether it's level, hilly, a corner lot, backs to a highway or is positively (or negatively) impacted by adjoining properties. Next they…

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What it is like to buy and sell with My NC Homes

If you're reading this, then you're clearly wondering what it's like to buy or sell a home with My NC Homes.

We felt the best way to answer this was to have clients who have bought, sold, and referred friends and co-workers to us share their experience.

Stacy and her husband Jon have worked with Larry as first-time home buyers, move up buyers and first-time sellers. In 2012, just having moved to Durham from Maryland, Stacy and Jon had been in the area for less than a year when they decided to buy a house. Still being new to the area they had a lot to learn about the different neighborhoods and what to keep in mind for value, resale, and what they considered important.

How did you first meet Larry and My NC Homes?

Stacy: Larry had a…

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The Top Things to Look for When You're House Hunting in 2018

If you're considering purchasing a brand-new home, you've got a lot of work ahead of you. Not only will you be spending various nights and days looking through the listings in North Carolina to find the property that's perfect for your family, but you'll also need to think about how much you can afford to ensure that you don't overspend.

Remember, when it comes to buying the right home, it's important to keep your budget firmly in mind so that you don't put yourself in a difficult financial situation. But if you've got a solid idea of what you can spend, then the following 3 things might be the top things to look for when you're house hunting this year.

1. The Location

Speak to any real estate agent and they'll tell you that the top three…

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The Superior Experience of University Living in the Triangle

The Raleigh-Durham area is heaven for Atlantic Coast Conference (ACC) fans with three of the most dominant athletic schools in the conference. Raleigh, Durham, and Chapel Hill are also known for other distinguished academic establishments, which have propelled the area to the top 5 most educated cities in America, according to Forbes. Living in university-driven communities provides a superior experience that goes beyond enjoying some of the best historical rivalries in sports.

Endless Educational Opportunities

The ACC powerhouses of Duke, University of North Carolina Chapel Hill (UNC), and North Carolina State University (NC State) are well known across the nation for their athletic and academic prowess. Raleigh is also home to several other…

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Moving To A New City? Check Out These Top Relocation Tips & Tricks

North Carolina is a popular state for relocation. Rated as one of the top 10 of states people are moving to, North Carolina is a top place to relocate for jobs, family, and retirement. On an average day, 40 people move into Wake County. Wake County encompasses Apex, Cary, Fuquay-Varina, Garner, Holly Springs, Knightdale, Morrisville, Raleigh, Rolesville, Wake Forest, Wendell, and Zebulon. Over 50% of those relocating to North Carolina are from other states, while about 20% immigrate from another country. The majority of those wanting to call North Carolina home will move into single-family homes, followed by multi-family housing.

There are many cities and towns that make up Raleigh-Durham-Chapel Hill (the Triangle). Finding the right spot can feel…

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How Do I Sell and Buy a Home All at Once?

When existing homeowners approach me with the desire to purchase a new home I tell them good preparation is the best way to keep emotions in check. On average, there are over 180 activities s a real estate agent performs per real estate transactions. Managing two real estate deals can become complicated and stressful even if you are practiced in the process. Real estate transactions are often the largest financial transactions that many of us experience in our lifetime. Consulting with a professional who can simplify and assist you throughout the process pays dividends.

Before Any Else, Commit Yourself & Hire A Real Estate Agent

A good real estate agent will be able to navigate through the checklist of transactions. Your real estate agent is…

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Important Terms You Should Know When Buying A Home

Many of our first-time home buyers start the process with a general idea that it is time to buy instead of continuing to rent. As renters; the terminology they have encountered included rent, security deposit, and terms of lease. Jumping into the home buying process introduces many first-time buyers to a new set of terms. While these terms are easily defined with a simple search, I want to put it in context of a general process you’ll encounter for buying.

Determine If You're Qualified To Buy A Home

Usually many first-time home buyers start their search with condos, townhomes, or single-family homes in a desirable area. Attractive online photos are a definite lure and motivator to figure out if buying is a possibility. The first question asked…

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2018 Research Triangle Market Trends That Every Homebuyer and Seller Needs to Know

It's the season for the loaded question that is on all of my homebuyers and sellers' minds, “What are the 2018 trends that we will see in the housing market?”. Our clients count on My NC Homes to know the upcoming market trends for the upcoming year and 2018 is no different. It is impossible for anyone to really “know” what the future holds, but with over 50 years of experience, we can read the market maps to better understand the indicators that guide our clients to make a better decisions.

2018 Real Estate Trends in The Triangle Region

In 2017, many of the Triangle homebuyers found themselves frustrated with the hot” sellers market around the Triangle. All around the area competitive offers on homes were turned away as they were edged out with…

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10 Key Considerations for a Profitable Rental Property

It is a big decision to become a rental property owner. While the reasons vary for choosing to be a landlord, profits help achieve financial goals, property maintenance, updates, and mitigate emergencies. There are several considerations when choosing a property that will make it a successful rental. To get the most out of an investment, examine the different aspects of a property. Review this list to get started with collecting information to empower a well-informed decision.

1. Get to Know the Neighborhood

Does the neighborhood cater more to college students, working professionals, young families, or senior living? This may help determine possible tenants. It also identifies the general market conditions when there may be e vacancies and…

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Want To Start Saving For A Down Payment? Try These 4 Money-Saving Hacks

Buying a home is one of those big milestones in life that many expect they’ll do someday but aren’t quite sure how to get there. In order to be approved for a mortgage, you’ll need to overcome the first and biggest hurdle: having enough money for a down payment. Saving for things is hard, especially when you’re trying to save up a considerable amount. That being said, these savvy money-saving tips might be just what you need to help you get there, sooner rather than later. 

How Much Money Do You Need For A Down Payment On A Home?

The amount you’ll need for your down payment will greatly vary depending on your lender and financial situation. Typically, down payments range from 5% to 20% of the home’s value, so a home that’s $250,000 and a loan…

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