Will More Homes be Coming on The Market

It might be hard to believe, but we are seeing incredibly high demand for homes. It is not something new and housing experts have predicted that we would be seeing housing constriction for some time, but when homes come to market, they sell quickly, and generally for great terms. More significant than the demand for homes, is the constriction of inventory. For those contemplating the idea of listing their home, this presents a true advantage if your home is priced correctly. Let's dive into the all-important question. Will more homes be coming to market?

Spring, Summer, Fall Trends, in Reverse?

Traditionally, the peak of the housing market occurs is the spring buying season, and sellers in turn prepare homes to sell in the fall or winter months.…

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Inspection Panic: How to Calmly Evaluate Inspection Reports

May Day May Day!!!! The inspection report is back and it lists dozens and dozens of "defects", what can I do!! Receiving the inspection report can feel like a personal affront. My NC Homes has talked hundreds of buyers and sellers off a ledge and helped them understand what the inspection reports are saying and their implications. Below we dive into what they include and do not include and when panic, is warranted. Remember, homeowners who are considering selling in the future can reach out to My NC Homes for a referral for inspection companies prior to listing.

What is a home inspection report?

A home inspection report is supposed to be an objective document provided after an evaluation by a qualified home inspector. It should include…

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Covid, Climate Change and Real Estate: New Homebuyer Demands for the New Normal!

The emergence of a global pandemic and the effects of a warming climate have resulted in a reprioritization for buyers in The Triangle real estate market, and a buyer migration nationally. As real estate progressive professionals in the tech-driven Research Triangle, we already witnessed some shifts from buyers wanting much more in when it comes to work from home options. In addition more buyers are looking for more multi-generational home options, sustainable living options, and locations where climate change is factored in. We heard from buyers telling us they were relocating from the west coast specifically to avoid ever worsening drought and water restrictions as well as fires.

Below is a list of insights for sellers to make homes more…

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2021 Home Buyer Guide to Water and Waste: Triangle Area Wells, Septic, and City Water

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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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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Everybody Calm Down! This is NOT 2008

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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