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Found 94 entries about Home Ownership .

Everybody Calm Down! This is NOT 2008

Last week realtor.com released the results of a survey that produced three major revelations:

  • 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
  • 57% believe the next recession will be as bad or worse than 2008.
  • 55% said they would cancel plans to move if a recession occurred.

Since we are currently experiencing the longest-ever economic expansion in American history, there is reason to believe a recession could occur in the not-too-distant future. And, it does make sense that buyers and sellers remember the horrors of 2008 when they hear the word recession.

Ali Wolf, Director of Economic Research at the real

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Do You Know Your Credit Score

Many people assume their credit score is too low to qualify to purchase a home. In reality, 84% of Americans have a credit score that would allow them to become homeowners! If you'd like to find out more about what your credit score really means, (it means much more than simply whether you qualify for a mortgage or not) let's get together and chat.

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How to Increase Your Equity

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recentHome Price Expectation Survey (HPES)helps target these projected answers.

Here are the results from theQ2 2019 Survey:

  • Home values will appreciate by 4.1% in 2019 {Locally in the Research Triangle market projections are averaging 5%}
  • The average annual appreciation will be 3.2% over the next 5 years
  • The cumulative appreciation will be 16.8% by 2023
  • Even experts representing the most bearish 25% of the survey respondents project a cumulative appreciation of over 6.7% by 2023

What does this mean for you?

A substantial portion of family wealth

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Things To Know Before Buying a Fixer Upper

Things You Should Know Before Buying A Fixer Upper

With the boom of home improvement shows and the growth of entire neighborhoods being renovated it seems like taking on a big project is becoming the norm. So, if you're in the market for a new home, a fixer-upper can be very appealing. A fixer-upper is a home that needs to be renovated and because of this is often priced lower than other homes in the area. The price and freedom to completely customize your home draws in thousands of people every year. This doesn't mean that these homes don't come with their fair share of issues, and potential owners should know the risks. Both Larry Tollen and Andrew Palumbo who lead the My NC Homes Team have extensive experience working on homes. Here are the most

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EmptyNester

Congratulations!

In the next couple of months, millions of students will be graduating and moving out of their parents home. Hopefully you're celebrating; your child has graduated and is moving on into the next stage of their lives and you are about to do the same. Trust me it's good stuff, you and your partner get to spend more quality time together and making plans becomes so much easier. I know this was the case for my wife and I, it's how we ended up in North Carolina. I encourage you to be proud;think about how far you've come since they were first born.

 

Is it time to make a move?

Now may be a good time to take a look at your home and really think about is it ideally what you'd like to spend the next 10-20 years in? What

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Home Buyer Demand

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a "Renter-Generation."

And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!

New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed {Pulsenomics} plan to buy a home in the next five years, with 40% planning to do so within the next two years!

Home Buyer Demand Will Be Strong for Years to Come | MyKCM

"Millennials want to own a home as much as prior generations," Ali Wolf, Director of Economic Research at "We saw

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Tired of Renting - 2019 The Cost of Renting Vs Buying

2019 The Cost of Renting Vs Buying

If you're tired of renting, you are not alone, the vast majority of Americans rightly believe that owning a home makes sense as this video below shows. 

While home ownership may not be ideal for everyone, here in the Chapel Hill, Durham, Raleigh area of North Carolina the numbers are awfully compelling if you know you'll be living here for a minimum of three years. The longer you live in the area, the more compelling the numbers are. If you're as into data as the My NC Homes team is, you'll want to check out the link below for Buying Vs Renting. We originally sat down and laid out the numbers in 2012, then Larry updated them in 2017 and honestly in the past two years the thing that's changed the most is

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Tiny House

 

There are things to know before you buy a Tiny House. Tiny houses are sweeping the nation with their charming looks and function-packed features. At no more than 500 square feet, they focus on simple living without sacrificing on quality or comfort. And speaking of quality and comfort--tiny houses can be stocked with everything from Smeg fridges to clawfoot tubs. This level of comfort makes tiny houses livable for more than just a vacation. Now before you head off to purchase your tiny home, it’s a good idea to do your research. Here's a look at what you should know before buying a tiny house.

Tiny houses can be divided into two main categories; tiny houses on wheels and tiny houses on foundations.

Tiny houses on foundations are built

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What makes a home a great place to live?

Buyers want a great place to live, which involves more than just the house. Beyond the walls that people call home lies the neighborhood and community that make a particular location a great place to live. We asked our buyers to define what makes a particular place great and we asked our sellers what they'll miss most when leaving the area behind.

Defining what makes it great

Finding a Great Place to Live

Location

For some buyers location might be at the top of the priority list when trying to decide what spot is right for them. Work commute can be a factor, and location to shopping, dining, or access to the highway might determine what is most important. We work with a wide variety of clients from different generations; both

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Getting your Home Ready to Sell

Our clients often experience a rush of excitement when they begin the process of selling a home. Sometimes we see this excitement turn to stress. The home seller's eyes grow wide at the list of things they may need to tackle. It can be stressful to prepare a home to sell, even in a competitive seller's market.

It's hard to know what to tackle first when you're getting ready for the transition. We work with our clients to help them focus as they prioritize their to-do list. This understanding and knowledge mitigates stress and eliminates the waste of energy and resources. Here's our essential checklist to get your house ready to sell. 

Research and preparation

My NC Homes provides clients with a home staging consultation as part of our home

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