What is a Reverse Mortgage?

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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Are You Buying at the Top of the Market

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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Memorial Day 2021 Events in the Triangle

Memorial Day is the first holiday where we will likely see many people out and about in The Triangle, and it is a beautiful time of year in Raleigh, Durham, and Chapel Hill. Many will honor those fallen in conflict and in service of our country, we also use it as a day to celebrate what makes our country worth fighting for. Here are some of the events in the area and ideas for enjoying the long weekend. We also have included some venues that have recently reopened for enjoying live music and sports!

Learning about Memorial Day at Lake Benson Park 

The Garner Veterans Memorial was dedicated in 2013 to honor veterans and its design includes rows of tall engraved concrete around a  Walkway of Honor in Lake Benson Park. The pathway has names of…

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Creating an Energy Efficient Home - Is it Worth the $$$

Understanding the Difference between Green and Energy Efficient Building

EnergyStar, ECOSelect, LiveGreen, EnergyPlus, GreenBuilding, Leeds, HERS score, these are just some of the many designations and terms homebuyers may see or hear when looking for a new home. It's easy to understand why many homeowners and homebuyers either lump them all together assuming they are one and the same or ignore them entirely. The truth is while there can be some overlap between "Green" home features and "Energy Efficient or Saving" features they are not one and the same.

Green Home Building 

In order to build green, contractors focus on four main areas, starting with materials. True "green" construction starts with materials that are natural, renewable,…

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Downsizing Smarter; Leveraging Today’s Strong Seller’s Market

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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Apple's $1 Billion Investment in The Research Triangle

Apple's $1 Billion Investment in The Research Triangle is an overview of the pledged investment by tech giant Apple in North Carolina and our relocation guide for those moving to the Research Triangle. As if real estate values were not increasing fast enough with the current Chapel Hill/Durham/Cary market, this announcement from Apple will witness even more demand for the already constrained local inventory. The tech industry experienced a boom in 2020 and as North Carolina benefits from the Apple investment, home owners and developers can expect increases in property values. My NC Homes explores the implications and predicts which areas will see the most growth.

Overview of Apple's $1 Billion Investment 

In total Apple is investing $430 billion…

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A Tale of Three Listings: Under Contract in One Day or Less

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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The 4 Top Predictions for the Housing Market in 2021

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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114 N. Buchanan - Blending History with Modern Conveniences and Location!

114 N. Buchanan - UNder Contract in 1 Day

Blending History with Modern Conveniences and Location!

Location, Across the street from Duke University's East Campus and short stroll to Wholefoods and 9th Streets numerous Restaurants, Bars and Stores. Or head the other way to Brightleaf, Downtown, DPAC etc. The location is simply as good as it gets.

History: This English Cottage style home was originally built for Judge William Brahman who founded the Durham Bulls and served as President of minor league Baseball between 1933 & 1947.

Enjoy superb original construction and updated along the way, the home offers 10 high ceilings throughout the main level and 9 foot high ceilings on the second. The siding is true stucco, not EIFS and provides…

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116 Crawford

Updated Luxury Ranch just Outside Historic Hillsborough NC - Under Contract in less than 48 hours

Beautifully updated 3Bdrm ranch home just a few minutes away from Historic downtown Hillsborough. Features include: Gourmet kitchen with Quartz countertops, Stainless steel appliances, tile backsplash and ample Craftsman style cabinets. Bamboo and tile floors marble surround wood burning fireplace, updated lighting fixtures. HVAC system and ductwork, Roof, Windows, electrical wiring, and insulation all less than 4 years old. Large back yard area w/ 2 storage sheds, patio and oversize carport.

Take a 3D walkthrough tour and learn more about this fantastic property here

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