Are you considering a reverse mortgage? Do you know what a reverse mortgage is? Is it the same as refinancing? In the past decade reverse mortgages have gained in popularity, but we have also witnessed a rise in fraudulent and predatory practices within this industry. It has been pushed to seniors as a catch-all financial retirement product. However, it is important to understand that in reality it's a loan and when used to cover living, medical or other expenses you must understand that you are reducing the equity in your home. Applied without careful consideration, it can put your finances in a much worse position than other options that may be available to you. Let's explore the reverse mortgage and see if this is an option that makes sense for…

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Over the past 30 months My NC Homes clients are selling homes frequently within hours of listing. The supply of homes currently in the Triangle is well beyond constricted and as a buyer, you may find yourself without many options. Buyers are frustrated putting in offer after offer, only to be outbid, or to make concessions that would not be prudent in normal real estate transacting circumstances. We would rarely recommend buying a home without inspections, but this is the advice we are giving to some buyers to secure homes. Leading us to one of the questions we get all the time, “Am I buying at The Top of the Market? On the one hand, interest rates are low and favorable to buyers, on the other hand, home prices have skyrocketed. Let's take a look at…

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My NC Homes is selling homes quicker than we can find sellers and list them. By spending the time and money necessary to properly present and market our seller’s homes, they are being sold either sight unseen (buyers have the confidence necessary because we invest in proper staging, professional photography, virtual tours including 3D walkthrough floor plans, and video) or there are dozens of appointments made typically within hours of the homes hitting the market. Final contract prices are well above asking and we are getting the absolute best terms for sellers. The market is at present strongly favoring sellers and if you were thinking of downsizing to make a move towards retirement or looking for less maintenance and more liquidity, this is an…

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It was the best of times for sellers on The Research Triangle....

It was the best of times for sellers on The Research Triangle. My NC Homes is pleased to announce that they listed three homes on the market on April 14, and within 24 hours, all three were under contract for over-list price. Notably, one listing went under contract with multiple offers, for significantly over asking, site unseen. We would like to walk our prospective sellers through our proven methods for selling homes in record time, for the best prices and terms, in three different seller tales.

The Luxury Listing: 114 N Buchanan

We were fortunate to list 114 N Buchanan as it has a rich history and excellent location. Originally built for Judge William Brahman, founder ofthe…

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We all expected the unexpected when it came to the real estate market in 2020, it was anyone's guess how the housing market would fare. The effect of a global pandemic on markets in the digital age had consequences that are completely unforeseeable, and the boom in the housing market is one of them. Many of our contemporaries and housing economists predicted changes across the board, but few predicted the strength of the market, especially the demand for homes. We have not seen the demand of this magnitude since 2006.

As we are witnessing markets gain more stability with mass vaccines and the reopening of economies, the housing predictions are becoming more cohesive. The second half of 2020 witnessed a veritable boom in real estate, according to…

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2021 Ultimate FAQ for Home Inspections

2021 ULTIMATE FAQ FOR HOME INSPECTIONS

In the course of our careers we have attended and reviewed thousands of home inspections. Home  inspections can take place prior to listing, as a preemptive measure by a seller to determine whether they will need to make reasonable repairs or correctly price a property for a quick sale, or home inspections will take place at the expense of the buyer to better assess a home's value and give them an understanding of issues they may need or wish to address after purchasing a property. To the uninitiated, a home inspection sounds routine, unemotional, and a formality in the transaction of a home sale, or it may also be dreaded. They can be anything but routine, as we wrote aboutherein detail, and it is very…

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Top Real Estate Renovations

Top Home Renovations/Improvements

With so much time indoors in 2020, we know many of our clients are looking for ways to get more enjoyment out of their home. As you prioritize your remodel plans or wishes, it is always a good idea to consider the potential resale value. With nearly 75 years of combined residential real estate experience, we have seen renovations that help sell a home and increase it's market value, as well as renovations that limit a home's broad market appeal in equal measure. While many sellers are under the false impression that renovation projects such as major kitchen and bath remodels, master suite additions, and swimming pools, will substantially increase the value of their home and this isn't always the case. Major…

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MY NC Homes 2020 Year in Review

Top 5 Things We were Grateful for in 2020

2020 has been a challenge, but My NC Homes has so much to be grateful for moving into 2021. We wanted to take stock of our accomplishments, and share the things we are really grateful for in 2020. As we consider 2020 and make resolutions for 2021, we have been and remain committed to making our clients real estate transactions as easy and pain free as possible. We continue to focus on what is most important to clients, whether it's privacy, communication, school districts, timing, or anything else that clients need to feel that they are making a well informed decision. The demands and preferences witnessed in 2020 are unlike most years, but we have found solutions for our clients time and time again. Here…

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Pros and Cons of Contingencies

Pros and Cons of Contingencies

In a perfect home buying world, buyers would be pre approved from lenders or would submit cash offers. There would be no appraisal necessary, homes would be pre-inspected, repairs made in advance, property disclosures would be meaningful and we would close in 30-days without contingencies or any hiccups. But in the real world, and according to the NAR 2020 Realtor Confidence Index, roughly 76% of contracts have contingencies. In this blog we explore the most common contingencies and how they affect the sale of a home both from a buyers and a seller's perspective.

What are Contingencies?

Contingencies are conditions within a contract for real property that must be met for the contract to move forward and be…

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Raleigh NC - Best Aging in Place

Aging in Place Options for Raleigh NC

My NC Homes presents another in our series of Best Aging in Place communities, focusing this time on Raleigh NC. This is a resource both for those looking to scale back from domestic responsibilities while scaling up in quality of life as well as for adult caregivers. Continuum living in the Triangle has a wide varity of retirement communities and traditional full care nursing facilities that many do not even know exist. From the latest in compassionate full-time care to independent luxury living, Raleigh aging in place options are many. Raleigh and the Research Triangle area in general are consistently ranked among the top 10 places to live by numerous national publications. If you would like to learn more…

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