Checklist to Determine

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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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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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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Homeowners Net Worth

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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Getting Ready for Your Home Inspection What You Should Expect From A 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 About New ConstructionWhat 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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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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Best Aging in Place: Durham NC

Aging in Place Options for Durham NC

Best Durham Aging in Place for Farm and Nature Lovers

 Croasdaile Village

Located in part on a dairy farm, Croasdaile Village offers over 275 acres of space for passive or active recreation and is a tranquil respite from bustling Durham. Originally founded on Methodist principles of compassion, Croasdaile Village retains compassionate care values in its programming and assistance plans.

  1. Location and Transportation: With a large campus and amenities, there does not require transportation, however transport is available to appointments and visits to Croasdaile VillageDurham.

  2. Residence Amenities: Living at Croasdaile is as close to home or better as a loved one could hope with apartments with high ceilings…

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Meet Landis: A New Way to Go from Renter to Owner

Meet Landis: A New Way to Rent to Own

My NC Homes has never been a big fan of Rent to Own;because 99% of the time these offers were never truly meant to actually work. They were designed so that theBuyershave very little chance of actually ever owning the home so that the Seller could re-sell the home 1-2 years later to another Buyer and then another and another etc. If a Buyer was able to actually fulfill the Seller'sRent to Own Contract,the Seller still won because they'd gotten the buyer to end up paying them well above market rate. We've written about this previously in our Post Rent-to-Own is Never a Good Deal.

Meet Landis: A New Way to Go from Renter to Owner

Are you roughly a year from being able to buy the home of your dreams? Have…

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