Wow, 2011 flew by and was a fantastic year personally. I appreciate how fortunate I was to have met and helped so many interesting people either buy or sell a home here in the greater Durham, Chapel Hill area in North Carolina where I live and work. You kept me incredibly busy and I'm certainly thankful.

2012 is shaping up to be another phenomenal year. In the past week alone I got one of my investor clients under contract on a foreclosure property they wanted, met with three new buyer clients and am looking forward to working with them. I've got several new listings I'll be bringing onto the market in the next few months and all and all I'm expecting another great year. I have finally gotten myself a personal assistant to do some of the back…

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North Carolina home inspections when selling

As a full-time broker for over twenty years, I have attended nearly a thousand home inspections and have dealt with the attendant negotiations that follow. Trust me: They can occasionally get ugly.

Experience has shown me that more often than not the reason they occasionally get ugly is that either the buyer, the seller or, in some instances both, really don’t understand what the purpose of a home inspection is, or what’s reasonable to expect in terms of repair requests.

Once a property is under contract, the buyer should order their home inspection(s) to be done. If you are working with a good buyer broker, I would ask for them for recommendations for home inspectors. If you purchasing directly from the listing agent I would not consider asking…

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Credit Scores and MortgagesMost of us who wish to buy a home will do so by getting a mortgage. The first requirement is that we manage to save up enough money for a down payment. In addition, there are many other costs when purchasing a home — collectively referred to as “closing costs” which may include: mortgage application fees, attorney fees, inspection fees, home owners and title insurance, property tax and possibly homeowner association pro-rations, filing fees, and others. Equally important is having a good enough credit score to qualify for a mortgage and, unlike saving up your money which everyone understands, very often many people don't really understand how this works and what it will mean and how to improve their scores. If you are one of these folks, this is the…

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Adding value back into your home Despite what HGTV might have you thinking, there are ways to add value to your home besides completely redoing your kitchen and baths, both of which can be expensive undertakings.

Re-Painting Your Interiors

The least expensive upgrade any home can get is a sharp new paint job, but there are some caveats. Painting itself is pretty easy. What's not as easy is the prep work required for a really great paint job. Be prepared to spend more time getting the room ready to paint than you will actually painting. Here are some secrets to help you make any room look awesome.

Step 1: Prepare your surfaces. If you want a great looking paint job, start with nice smooth surfaces. If your walls have little dings in them, get some sheet rock mud from your local…

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Buying foreclosure homesBuying Foreclosures; not a week that goes by that I don’t receive one or more calls or e-mails from hopeful buyers and/or investors wanting to buy a bank-owned property (a foreclosure). I always start the conversation with a simple question, “Why do you want to buy a foreclosure?” More often than not I get a version of the following as an answer. “The price. I know foreclosures are a good deal.” As someone who specializes in buyer brokering, I will admit I inwardly cringe a little every time I hear this as I rarely find foreclosures to be the deal most people think they are.

My Experiences With Foreclosed Properties:

I've been a full-time real estate broker for more than twenty-four years and have been buying and selling real estate for over…

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Three weeks ago I published a blog titled 2012- Buy a Home or Keep on Renting- What's your Plan? Since then I've heard from some people saying that they enjoyed the article but wished I had a quick spreadsheet they could see summarizing the numbers I presented as this is how they grasped numbers best. So I took a little time and put one together which I present here.

 Rent vs Buy in 2012

Just a couple of days ago I was on my way to show a home to some buyer clients and was listing to NPR and heard a conversation about how the combination of historic low-interest rates combined with home prices being down anywhere from 10%-40% from their record highs just 5 years or so ago really made this the ideal home for home buyers. The problem the speaker was saying was that…

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Current Durham Market Statistics - October 2011

I'm sitting in my office now reviewing the latest market data from a variety of sources, including the raw local data my local MLS, Board of Realtors, Zillow, Trulia and others generate.

This is what I do regularly throughout each year, so that I can help my buyers and sellers get the information they need to make good, informed decisions.

Overall the market picture is mixed. While I’ve had an extremely good year, closing on average more than 3 transactions a month, I realize this is not at all indicative of the broader market. Studying all the data there are a few things that really stand out to me.

Low Housing Stock

First and most important is the overall drop in inventory on the market.…

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Backyard Gardening In Durham Growing was apparently the operative word as evidenced by the attached pictures. What started off as one simple raised bed was so successful that last spring I put in a second and we were off to the races. This year my wife Angela and I enjoyed fresh lettuces, tomatoes, zucchini, okra, summer squash, red and green peppers, lots of spinach, mustard greens, collards, cucumbers, green beans and herbs. we've got brocoli kale, cabbage, more lettuces, carrots, and greens growing now. For those of you who know me, it will come as no surprise that I've kept going and just finished putting in a third (and final) larger bed for next year.

All of these beds are actually in our front yard which gets long afternoon sun, and to make it easier on my wife and I to…

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Rue Cler - Downtown Durham

...Rue Cler is definitely on my list of places that everyone should try.

Rue Cler in DurhamWent out last evening with my wife and had a great time in downtown Durham. We started of with dinner at Rue Cler. Located in the heart of downtown Durham I've been by it countless times, stopped into their bakery on occasion but for some reason I'd never eaten there but after last nights meal, I know I'll be back.

Very much in the style of a traditional french neighborhood local restaurant, their focus is a $30 three course menu. As a former executive chef I was pleased to see that each course only offered three choices. The food is locally sourced and/or produced, the menu done daily, and I can honestly say everything we had was really good.…

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Earlier this week I went and listened to William “Bill” Kalkhof speak to a group of Durham Realtors about Durham. I've had the pleasure of hearing Bill speak before over the past few years and have always found him to be interesting as well as informative about what's going on here in my adopted home town of Durham, NC. This time I left the meeting really pumped up after listening to him Speak.

Bill is one of the founding members and President of Downtown Durham Inc. a nonprofit private organization devoted to the revitalization and development and promotion of Durham's downtown and historic district. Founded in 1993, DDI has been instrumental in Durham's tremendous renaissance, playing a significant part in bringing about such additions as The…

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