Found 15 blog entries tagged as Homebuyers.

The dream of owning a home is central to the American Dream. Real estate represents much more than an investment, it is also part of our identity. However, in the current market, with inflation, and mortgage rate news, the prospect of homeowning and saving is often accompanied apprehension at figuring out a substantial down payment. It is important to debunk the myth that 20% down payments are the only way to own a home. Our government realizes how central homeowning is to the success of populations and generations and thus have many loan options and assistance programs, to make purchasing a home, easier than you think. Here are some of the ways to rethink downpayments, your first step towards homeowning.

20% Down Myth

20% is what people think…

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Real Estate buying, selling, and moving tend to follow some predictable patterns. Many buyers delay moving until Spring, some believing this to be the best time to buy and the easiest time to move, others planning on specific school districts for the following year. While there is the benefit of kids being in school, and many people decide to list their homes in Spring for the same reason, it makes for a frenzied time that does not always yield the best conditions for moving. Let's discuss the benefits of moving and buying prior to the Spring selling and buying rush.

Tempting Interest Rates for Buyers

Last year, home prices began to fall ever so slightly in The Triangle, and buyers saw rates dip slightly at the end of the year. As rates fall,…

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Creative Ideas as Mortgage Rates Rise

The FED's effort to battle inflation, by increasing interest rates, can be very frustrating, confusing and difficult for home buyers to understand. Many consider the volatility of rates to mean that they should not buy a home now, or that it is too difficult to buy a home with conventional lending. It is true that conventional mortgage rates are much higher than they were just a year ago, however, it does not preclude you from purchasing. Homeowning has many benefits including emotional, stabilized housing costs, and the financial benefits of building equity that make it a smarter decision than renting. With mortgage rates predicted to continue to rise in 2023, we thought this would be a great time to discuss…

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The Emotional Benefits of Homeownership

Are you considering becoming a homeowner? Congratulations! This is one of the biggest financial decisions you can make. You will experience many benefits, including stable housing costs, and building equity, but one thing you may not have considered is the varied emotional benefits of homeownership. Let's outline the emotional benefits that becoming a homeowner holds.

 

Increased Financial Stability

Mortgages unlike rent are most commonly fixed; in other words your monthly payment will remain unchanged unlike rent which year after year continues to rise as shown in the chart below. Rental prices have been skyrocketing for years. Buying a home with a fixed-rate mortgage gives you the opportunity to…

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Think home prices in the Triangle will be falling? Think again. The past two years have witnessed incredible equity gains nationwide and in some areas, well in the double digits. Prices must slow, right? The increase in interest rates will slow down buyers, right? We address these questions regularly with our clients and the indicators point to continued gradual gains in equity and interest rates that are likely to increase, but home prices are far from at a free fall. Let's discuss.

Home Price Appreciation 2022 vs 2021

According to data from CoreLogic, the rise in home prices over the past year and a half show a dramatic increase in the rate of home price appreciation in 2021, where home prices are still rising in 2022, they show a more gradual…

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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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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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Testimonials

Moving is stressful and real estate transacting, whether buying or selling, is emotional. The team you use can ease emotions or add drama. We have found that buyers who choose their vendors based on digital review or paid review sites have unreliable results, at best. In our decades of experience in real estate, we have witnessed the rise of the digital professional over the word of mouth professional, and would like to offer our vendors who are proven beyond paid review or page rank. If you are looking to buy or sell a home in Raleigh-Durham, contact a member of our team to begin your search.

Lenders

A reputable lender will offer fair terms and competitive rates derived from your present financial status, adjusted income, and credit history.…

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Make the Dream of Home Ownership

Make the Dream of Homeownership a Reality in 2020

As Realtors we know that the majority of Americans, share a common goal: Owning a home: a piece of land, a roof over our heads, and a place where our families can grow and flourish.

If you're dreaming of buying a home this year we know that the best way to start the process is to connect with a Real Estate professional to understand what goes into buying a home. By having your questions answered and understanding the process you will put yourself in the position to make a smart informed decision. Below are some questions to help guide you

1. How Can I Better Understand the Process, and How Much Can I Afford?

The process of buying a home is not one to enter into lightly. You need to decide…

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What Experts Are Saying Summer 2019

What Experts are Saying About the Current Housing Market

We're halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019.

Here is what some experts have to say:

Danielle Hale, Chief Economistrealtor.com

Lower mortgage rates, higher wages and more homes for sale have helped counteract rising home prices, and ultimately, made it so that buyers are able to afford more than last year.

Our outlook implies 4% growth for the remaining months of the year, predicated on more supply than last year, the decline in mortgage rates, moderating home price appreciation and improving affordability.

Lawrence Yun, Chief…

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