Triangle Area Real Estate News & Information

Do You Know Your Credit Score

Many people assume their credit score is too low to qualify to purchase a home. In reality, 84% of Americans have a credit score that would allow them to become homeowners! If you'd like to find out more about what your credit score really means, (it means much more than simply whether you qualify for a mortgage or not) let's get together and chat.

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How to Increase Your Equity

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recentHome Price Expectation Survey (HPES)helps target these projected answers.

Here are the results from theQ2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019 {Locally in the Research Triangle market projections are averaging 5%}
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most bearish 25% of the survey respondents project a cumulative appreciation of over 6.7% by 2023

What does this mean for you?

A substantial portion of family wealth

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What Experts Are Saying Summer 2019

What Experts are Saying About the Current Housing Market

We're halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019.

Here is what some experts have to say:

Danielle Hale, Chief Economistrealtor.com

Lower mortgage rates, higher wages and more homes for sale have helped counteract rising home prices, and ultimately, made it so that buyers are able to afford more than last year.

Our outlook implies 4% growth for the remaining months of the year, predicated on more supply than last year, the decline in mortgage rates, moderating home price appreciation and improving affordability.

Lawrence Yun, Chief

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Things To Know Before Buying a Fixer Upper

Things You Should Know Before Buying A Fixer Upper

With the boom of home improvement shows and the growth of entire neighborhoods being renovated it seems like taking on a big project is becoming the norm. So, if you're in the market for a new home, a fixer-upper can be very appealing. A fixer-upper is a home that needs to be renovated and because of this is often priced lower than other homes in the area. The price and freedom to completely customize your home draws in thousands of people every year. This doesn't mean that these homes don't come with their fair share of issues, and potential owners should know the risks. Both Larry Tollen and Andrew Palumbo who lead the My NC Homes Team have extensive experience working on homes. Here are the most

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EmptyNester

Congratulations!

In the next couple of months, millions of students will be graduating and moving out of their parents home. Hopefully you're celebrating; your child has graduated and is moving on into the next stage of their lives and you are about to do the same. Trust me it's good stuff, you and your partner get to spend more quality time together and making plans becomes so much easier. I know this was the case for my wife and I, it's how we ended up in North Carolina. I encourage you to be proud;think about how far you've come since they were first born.

 

Is it time to make a move?

Now may be a good time to take a look at your home and really think about is it ideally what you'd like to spend the next 10-20 years in? What

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Home Buyer Demand

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a "Renter-Generation."

And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!

New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed {Pulsenomics} plan to buy a home in the next five years, with 40% planning to do so within the next two years!

"Millennials want to own a home as much as prior generations," Ali Wolf, Director of Economic Research at "We saw

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Tired of Renting - 2019 The Cost of Renting Vs Buying

2019 The Cost of Renting Vs Buying

If you're tired of renting, you are not alone, the vast majority of Americans rightly believe that owning a home makes sense as this video below shows. 

While home ownership may not be ideal for everyone, here in the Chapel Hill, Durham, Raleigh area of North Carolina the numbers are awfully compelling if you know you'll be living here for a minimum of three years. The longer you live in the area, the more compelling the numbers are. If you're as into data as the My NC Homes team is, you'll want to check out the link below for Buying Vs Renting. We originally sat down and laid out the numbers in 2012, then Larry updated them in 2017 and honestly in the past two years the thing that's changed the most is

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1st Time Home Buyers Ultimate Guide

If you're a first time home buyer then there's a good chance you are getting lots of conflicting information, from the Internet, your friends, family and co-workers. We hear things from when we're speaking to our buyer clients that never cease to surprise us as it's so often incorrect. There's a lot to consider and some prep work required. Here it is, a definitive guide to preparing to buy your first home.

Getting Ready: Mortgages and Financing

1. -  Start saving for your down payment.

It may seem obvious, but if you're going to buy a home you're going to need money and the sooner you start saving, the sooner you can start looking for a home in earnest. Saving for a down payment is frequently the biggest hurdle for first time buyers, so it

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Tiny House

 

There are things to know before you buy a Tiny House. Tiny houses are sweeping the nation with their charming looks and function-packed features. At no more than 500 square feet, they focus on simple living without sacrificing on quality or comfort. And speaking of quality and comfort--tiny houses can be stocked with everything from Smeg fridges to clawfoot tubs. This level of comfort makes tiny houses livable for more than just a vacation. Now before you head off to purchase your tiny home, it’s a good idea to do your research. Here's a look at what you should know before buying a tiny house.

Tiny houses can be divided into two main categories; tiny houses on wheels and tiny houses on foundations.

Tiny houses on foundations are built

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Five Great Reasons To List Your Home This Holiday Season

So often we have Sellers tell us they want us to list their home after the holidays, and we certainly understand that there's often enough going on without the added headaches of showings, But based on our experience working with relocation buyers here in the Research Triangle, we believe it's often better to list your home now rather than waiting until after the holidays.  We explain why in the short video below

If you're thinking of selling and want first class service, masterful marketing and expert advice, let us know and we'll contact you promptly for a free consultation. 

 

 

 

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