If you are like many baby boomers and considering cashing in on equity and favorable conditions for sellers, questions around whether you will move, or age in place, may be top of mind. Many people making this decision are considering whether they should buy a smaller home or if they should rent. While the answer to this question hinges on your individual circumstances, we have compiled some of the most important factors to weigh.

Rising Rents

Utilizing national census data, the trend clearly illustrates a consistent upward trajectory of rents since 1988. While opting to rent may seem like a good option, you could expose yourself to a higher rental payment over time. This is especially problematic if you are on a fixed income.

Conversely,…

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Renovate, reduce, and receive; renovate your home, reduce your carbon footprint, and receive tax breaks, it is all possible thanks to the 2022 Inflation Reduction Act (IRA) and other related local laws. You may be able to save thousands of dollars annually and according to the IRS, it is estimated that up to nine million people missed out on these benefits in 2021. Let's break down how you can be saving in taxes, in bills, while reducing your carbon footprint. 

Tax Incentive Terms to Know:

One of the reasons people do not take advantage of tax incentives is lack of understanding of the terminology. Here are some terms you need to know.

  • Tax Credit: These are direct reductions in your tax bill.

  • Tax Incentive: These, like other…

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Purchasing a home is one of the most important financial decisions you will ever make. In the current real estate landscape, where we are post pandemic, low inventory, and with fluctuating interest rates, it is imperative that you have an expert guiding your hand in a decision of this magnitude. Whether you're a first-time buyer or a seasoned seller, partnering with an expert who has decades of experience analyzing historical data in addition to block on block local knowledge will be essential to making sound decisions and protecting your investments.

Experience is Key

No one is perfect and no Realtor is a mind reader, however, Realtors with more experience have the ability to put mortgage rates, home negotiation and pricing, and discussions…

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Moving signals a time of great change. The process can be exciting and daunting as we let go of things, literally and metaphorically. It can be stressful in the best of circumstances whether you hire a mover or not, so if you have made to hire a mover, you should not skip the step of vetting your mover. Finding a reliable and trustworthy service and exercising caution in packing, is worth much more than your belongings, it is your peace of mind. Here are some resources to help you find great movers, why you should exercise great caution in choosing them, and resources in the event you have fallen victim to a moving scam in the Triangle.

How Common are Moving Scams?

Moving scams are unfortunately more prevalent than one might think. According to…

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Did you know that we have HALF of the available homes for sale compared to 2017-2019? Inventory is extremely limited at the moment, and according to Chief Economist, Lawrence Yun, "There are simply not enough homes for sale. The market can easily absorb a doubling of inventory." It is rare that conditions are this favorable to Triangle area home sellers. If you have even thought about listing in the next six months or six years, let's discuss some of the reasons why it pays to sell now.

Inventory

Inventory is at a record low. What this means is that your home stands a better chance of selling now and generating bidding wars if priced correctly. What this does not mean is that you should artificially inflate the price of your home, thinking…

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The summer has flown by, and so have our listings. We are seeing less than a week on the market in most cases and excellent terms for sellers. One of our most frequently asked questions as listing experts in the Research Triangle Park is how much should we update our home prior to listing? NAR and Fixr.com compiled a comprehensive checklist of repairs and their costs in order of importance to buyers and sellers. These are really high impact, low cost tricks and tips that sellers will realize great returns on. If you are selling your home in 2023, consider these tips a cheat sheet from staging experts.

Professionally Decluttering

Price-conscious home sellers in the RTP should consider investing in professional decluttering services. Realtors here…

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There's no doubt about it that the housing market this year has felt extremely uncertain. From mortgage rates to a slower pace in home sales and fluctuating prices, homeowners, sellers, and buyers have been grappling with a landscape that requires reassurance. The Triangle area is still a great place to buy and definitely it's a great time to sell, if you have the right team and guidance. Don't take our word for it, let's take a look at the current state of the housing market, drawing insights from experts and industry projections, to shed light on what the rest of the year might hold for prospective homeowners, first time home buyers, and investors.

Mortgage Rates and Financing

The year 2022 witnessed a doubling of interest rates, a trend that…

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Ready to give your home its’ day in the sun? Do you want to sell your house, but hesitate because you're worried you won't be able to find your next home in today's market? We want to offer reasons why summer is our favorite time for buying and selling in the Research Triangle Park and insight into a summer buyer journey. Days are longer, the weather is warmer, the inventory is low, and incredible new homes are on the market.

2023 Summer Selling Climate

According to Realtor.com, on average, active inventory in June is 50.6% below pre pandemic levels, 74% of homes sell in under a month, homes receive an average of 3 offers, and the median days on the market is 18. What does this mean? Sellers have had a sustained advantage nationally that is a…

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Sell! Buy! Mortgage Rates!Attention grabing headlines can be very destabilizing for buyers and sellers in today's real estate market. One of the biggest concerns for potential homebuyers and sellers is prices; are they going up, coming down' do you see inventory increasing; these are questions we hear almost everyday. Amidst the barrage of news headlines, it's really important to approach reports with the proper context. Let's explore the misconceptions surrounding home prices and why it's crucial to understand the concept of seasonality in real estate. By focusing on the market's normal seasonal trends and avoiding alarm caused by big headlines, we believe you'll be better equipped to navigate the housing market.

The Anomalous Years

Have…

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Pay attention if you're planning to sell your house today or within the next five years, it's essential to recognize the increasing value buyers place on energy efficiency and eco-friendly features. WIth demographics tracking younger, and with many higher education institutions and research facilities in the Research Triangle Park, hence the name, we work with a particularly savvy group of home buyers. Many if not most of our buyers want to either upgrade for energy efficiency and sustainability or buy new properties who have less of an environmental impact. Here are some of the recent findings that support these trends and how our sellers can take advantage of this "climate".

Broker Insights to Sales Realities

According to the 2023 Realtors and…

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