Found 5 blog entries tagged as home buying.

We have been experiencing constricted inventory for nearly three years here in the Research Triangle area and buyers are becoming increasingly anxious as mortgage rate increases are on their minds. Doing everything they can to win multiple offer situations from making sight unseen offers, waiving appraisal contingencies, making their offer "As-Is", and granting seller possessions after closing for free. Simply being truly "Pre-Approved" or offering cash is standard practice and expected. However none of these accomplish much if you are outbid. The best strategic advice for buyers in looking in the Chapel Hill, Durham and Raleigh NC area, is to shop below budget. Here are the reasons why.

Bidding Up

It can be very deflating news to read that you…

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My NC Homes covered the Tiny House craze previously in our blog and we continue to get questions and find applications for tiny house design that are in demand throughout The Triangle. We will focus a bit on pros and cons of building tiny homes, as opposed to just hiring contractors and building out additions on existing homes, and some of the many fun applications for the concept in 2021.

Note: it is important that before building anything you check with your local zoning department and confirm whether you can build a tiny home or addition on your property. The vast majority of cities and town within the Research Triangle have "impervious surface" restrictions or other zoning restrictions that may impact your ability to add an addition to your…

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More than 44 million borrowers in the US have student loan debt totaling over $1.5 trillion. For students, recent grads, or those who have advanced degrees with lots of debt, it might seem like home ownership is out of the question because of financing. The Triangle Area is home to some of the best academic undergraduate, graduate, and medical and law programs in the United States and we have helped hundreds of students, recent graduates, and those with considerable student loan debt, successfully buy real estate. We want to assure you it's not impossible. Here is a short guide to buying, with student loan debt even in the current market.

  1. Spend the Time to Improve your Credit Score: Regardless of whether you have student debt of not it all…

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Over the past 30 months My NC Homes clients are selling homes frequently within hours of listing. The supply of homes currently in the Triangle is well beyond constricted and as a buyer, you may find yourself without many options. Buyers are frustrated putting in offer after offer, only to be outbid, or to make concessions that would not be prudent in normal real estate transacting circumstances. We would rarely recommend buying a home without inspections, but this is the advice we are giving to some buyers to secure homes. Leading us to one of the questions we get all the time, “Am I buying at The Top of the Market? On the one hand, interest rates are low and favorable to buyers, on the other hand, home prices have skyrocketed. Let's take a look at…

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Buying a home in a sellers market

The Triangle area real estate market is hot and just keeps getting hotter. We're nearing the end of 2017, and based on this year's market statistics it's still very much a Seller's market in North Carolina. The average days-on-market last month dropped to 33, down from 35 in November of 2016. The average sale price also rose from $268,590 in November of 2016 to $292,811 in November of 2017. So what does that mean if you're looking to buy a home this year or early 2018? It's a competitive market, but with a little bit of research and the help of some seasoned professionals, obtaining the perfect home is much less of a challenge than it may seem.

Here are some tips to help you buy a home in a seller’s market.

1. Always Stay Positive

This is one…

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