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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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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April Showers Bring May Flowers Planting Guide for Curb Appeal My NC Homes

We've all heard it many times, "April Showers Bring May Flowers." Here's some timely advice from the Farmer's Almanac for planting vegetables, how to start a garden this year, and some trends for curb appeal. With much more time at home in 2020 and into 2021, many of us renewed interest in beautifying our surroundings, and many more who already have a green thumb for landscaping tried their hands at some light farming. According to The Farmers Almanac, April is the time to plant seeds, and watch them grow! We have this complete guide with the latest for The Triangle Area. If you are considering moving to The Triangle or are interested in selling your home, we'd love to help you;. 

What is the Farmers Almanac?

The Farmers Almanac is a distinctly…

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3D Homes for Durham

Do you think 3D Homes  are in the future?

A 3D printed home? How does that work? How is it built? Is it resilient? The answer to all of these is included below, we had a lot of questions too. 3D printing construction technology seems to have accelerated during the pandemic with the constricted labor market and the housing market in the US and the first 3D printed home was listed on the market in Long Island New York. This home had 1,500 square feet, 3 bedrooms, and 2 baths, and was listed at $299,000, well under half the cost of a pre-construction home in the area, and before it was even built, the foundations and plans got over 100 showings. These homes may well be a solution to housing shortages and affordability issues and this groundbreaking…

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2021 Ultimate FAQ for Home Inspections

2021 ULTIMATE FAQ FOR HOME INSPECTIONS

In the course of our careers we have attended and reviewed thousands of home inspections. Home  inspections can take place prior to listing, as a preemptive measure by a seller to determine whether they will need to make reasonable repairs or correctly price a property for a quick sale, or home inspections will take place at the expense of the buyer to better assess a home's value and give them an understanding of issues they may need or wish to address after purchasing a property. To the uninitiated, a home inspection sounds routine, unemotional, and a formality in the transaction of a home sale, or it may also be dreaded. They can be anything but routine, as we wrote aboutherein detail, and it is very…

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2021 buyers Guide to Water and Waste in the Research Triangle

Which is better, Well and Septic or Municipal and Sewer? The importance of clean water and waste removal when buying a home is obvious, but the misconceptions about whether public or private systems are better, persist. Buyers may feel that the private system is less of a financial burden because it is a one-time expense, but that is not necessarily the case, and the quality of a water table is also a factor to be considered. We decided to update our comprehensive guide published in 2015, for 2021 Buyers in our 2021 Buyer Guide to Water and Waste.

Water
Municipal Water

Water quality varies dramatically depending on your municipal water table and the age, depth, and health of your well. Since we published our last blog, there has been…

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Top Real Estate Renovations

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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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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