Condo, Townhome or Single Family Home?

"4-bedrooms and 3-baths and at least 2500 sqf."

So often this is how buyers start off our initial conversations. If we were like most brokers this information and a price range and we'd be off and running. The question is , "Are we really adding value and helping the buyer if this is all we discuss?" This is one example of where the "Experience" in our logo pays off. We understand that when it comes to buying a home, everyone is unique. Because of our extensive building background we know that square footage is much less important than layout. We've all seen examples of wasted square footage in a home. Yes the number of bedrooms and baths are a consideration, but if this is the extent of the information we start with, a lot of time and perhaps even…

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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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How to Increase Your Equity Over the Next 5 Years

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 You Should 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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Are You About to Be an Empty-Nester?

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 Will Be Strong for Years to Come!

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!

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

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Welcome to the Neighborhood: Our 5 Best Housewarming Gift Ideas

Moving. We have all experienced arriving at a new destination and trying to figure out what to unpack first, while at the same time pushing off hunger or thirst and possibly dealing with our kids and pets. Who can't empathize with the experience of being overwhelmed and exhausted when we see new neighbors arrive with the moving truck and carting boxes into the house. It is often good to let the dust settle the first night before heading over for a meet and greet, but we have identified some of the best housewarming gifts sure to endear you to your new neighbors.

Without knowing what your new neighbors like, their hobbies, or sense of style don’t run the risk of picking out decor they feel obliged to keep. Keep to items that they can use and…

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The Home Sellers Guide to Maximizing the Sales Price

At the top of every home seller’s checklist is a universal goal. Regardless of the market’s climate, whether it favors buyers or sellers, every home seller wants the most for their home. It is the most asked question we hear from our seller clients, "How do we maximize the sales price?"

Before your home hits the market

Choosing the right real estate agent is the first and most important step in maximizing your home’s value. Every home and each seller is different, at My NC Homes we understand this and provide our clients with detailed information about the home’s value, market conditions and the competition. We supply professional resources and support to get them "Show Ready." We coach our clients in terms of repairs, negotiation tactics…

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The Top Things to Look for When You're House Hunting in 2018

If you're considering purchasing a brand-new home, you've got a lot of work ahead of you. Not only will you be spending various nights and days looking through the listings in North Carolina to find the property that's perfect for your family, but you'll also need to think about how much you can afford to ensure that you don't overspend.

Remember, when it comes to buying the right home, it's important to keep your budget firmly in mind so that you don't put yourself in a difficult financial situation. But if you've got a solid idea of what you can spend, then the following 3 things might be the top things to look for when you're house hunting this year.

1. The Location

Speak to any real estate agent and they'll tell you that the top three…

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Want To Start Saving For A Down Payment? Try These 4 Money-Saving Hacks

Buying a home is one of those big milestones in life that many expect they’ll do someday but aren’t quite sure how to get there. In order to be approved for a mortgage, you’ll need to overcome the first and biggest hurdle: having enough money for a down payment. Saving for things is hard, especially when you’re trying to save up a considerable amount. That being said, these savvy money-saving tips might be just what you need to help you get there, sooner rather than later. 

How Much Money Do You Need For A Down Payment On A Home?

The amount you’ll need for your down payment will greatly vary depending on your lender and financial situation. Typically, down payments range from 5% to 20% of the home’s value, so a home that’s $250,000 and a loan…

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