Checklist to See if Your Ready to Buy a Home

According to real estate top economists, there will be an increase of first-time homebuyers on the market in 2021. According to these predictions work from home Millennials will be looking to purchase single-family homes in mid-size cities and suburban areas that are not densely populated. Chapel Hill, Raleigh Durham, and the surrounding areas are likely to witness continued demand for single family homes and new homes. If you fall into the first time home buyer category, are considering going from apartment to single-family home, and are looking in the Triangle Area, we have some key questions to ask yourself before you start a home search in earnest, with a realtor. These questions will prepare you for the buying process and help make your offers…

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Top Real Estate Renovations with the Best ROI

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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2020 Year in Review with My NC Homes

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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What's a Good Credit Score and Why Does it Matter?

 What's a Good Credit Score and Why Does it Matter?

Your credit score is so important throughout your life that it should be taught as part of a standard curriculum for financial literacy and adulthood. Unfortunately it isn't and in this instance, ignorance is anything but bliss. In this blog, we're going to take a deep dive to explain the importance of your credit score, how it's determined and steps you can take to improve it. My NC Homes would like to help our would be home buyers understand how your credit impacts not just your ability to purchase a home but also the terms you'll be given. Just because your credit is fair on one report, it still might not qualify for the lowest available mortgage rates. You may also be rejected depending on the…

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2020 Conscious Gift Giving Guide

Conscious Gift Giving Guide from My NC Homes

Gift giving and the holidays will be taking on a different tone this year, as we have had a year no one will soon forget. In the Triangle Area, we are fortunate to have strong industry and our small businesses were not as badly impacted as other metropolitan areas, however, we find this year, more than ever, to be important to support small businesses. The craftspeople, artisans, and small business owners make the Triangle Area an incredible place to live, work, retire, and raise a family. Here are some gifts from local businesses and some that are sustainable for everyone in your life. My NC Homes wishes all our friends clients, a wonderful Holiday Season!

For Experience Lovers

Museum Membership…

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A Homeowner’s Net Worth Is 40x Greater Than a Renter’s

A Homeowners Net Worth Is 40x Greater Than a Renter's

One of the best ways to build your family's financial future is through homeownership. Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter. Maybe it's time to start thinking about buying a home, especially when they are so affordable in today's market.

Every three years the Survey of Consumer Finances shows the breakdown of how owning a home helps build financial security. In the graph below, we see that the average net worth of homeowners continues to grow, while the net worth of renters tends to hold fairly steady and be significantly lower than that of homeowners. The gap between owning and renting just keeps…

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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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My NC Homes 2020 Best of Fall Family Events and Activities

2020 Best of Fall Family Events and Activities

Fall in The Triangle will look a bit different this year, but there are plenty of socially distanced events, and family fun to be had this fall. We are offering some of what we consider to be the "Best Of"alternatives to the classic Triangle Fall Events and festivals. Please be sure to call ahead for availability as most of the events require reservations.

Best Family Halloween in Chapel Hill

Halloween at the 1870 Farm October 17th, 18th, 24th & 25th, 1870 Farm is offering a Halloween celebration with 20 people per time slot, with 30 minutes between to sanitize. At approximately 2 people per acre, this is a perfect socially distant celebration. Price is $15 per person and includes an hour access…

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What You Should Expect From a Home Inspection

Getting Ready for Your Home Inspection 

You're under contract and you or your agent has set up the home inspection. It's time to get ready for a roller coaster ride of emotions.

There's the excitement that comes from really getting to take a good hard look at the home you're buying. It's typically the longest time you are in the house before you own it.

There's anxiety. What if the inspector finds something wrong? So wrong you can't buy the house?

Impatience. Where's my report? How bad is it? What's it going to cost to repair these things and how soon do I need to get them all done? Why hasn't the Seller responded to my request yet. Ugh, I hate this, when will it be over?

With countless hundreds of home inspections under our belts; you can…

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What You Should Know When Buying New Construction Homes

What You Should Know When Buying New Construction Homes

There's a lot of new construction here in the Research Triangle Area, from fully customized high-end single family homes, to mass produced production homes with few options for the buyer other than cosmetic, and everything in between. Each and every builder has their own jargon and terminology to describe their product and there's a very significant difference in the quality of what and how they build and what a homebuyer can expect throughout the process. It's very easy to become overwhelmed.

Here's what you should know about buying new construction.

New homes have a lot of advantages, but there are trade-offs. As with any major purchasing decision, consider your personal priorities…

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