Should Baby Boomers Rent or Buy After Selling Their Home?

If you are like many baby boomers and considering cashing in on equity and favorable conditions for sellers, questions around whether you will move, or age in place, may be top of mind. Many people making this decision are considering whether they should buy a smaller home or if they should rent. While the answer to this question hinges on your individual circumstances, we have compiled some of the most important factors to weigh.

Rising Rents

Utilizing national census data, the trend clearly illustrates a consistent upward trajectory of rents since 1988. While opting to rent may seem like a good option, you could expose yourself to a higher rental payment over time. This is especially problematic if you are on a fixed income.

Conversely,…

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Give Your Home it's Day in the Sun

Ready to give your home its’ day in the sun? Do you want to sell your house, but hesitate because you're worried you won't be able to find your next home in today's market? We want to offer reasons why summer is our favorite time for buying and selling in the Research Triangle Park and insight into a summer buyer journey. Days are longer, the weather is warmer, the inventory is low, and incredible new homes are on the market.

2023 Summer Selling Climate

According to Realtor.com, on average, active inventory in June is 50.6% below pre pandemic levels, 74% of homes sell in under a month, homes receive an average of 3 offers, and the median days on the market is 18. What does this mean? Sellers have had a sustained advantage nationally that is a…

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Why it makes sense to move before Spring

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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The Myth of a National Real Estate Market

When reading about real estate, it is important to remember that there never has been, will there ever be a national real estate market. All real estate markets are local. Supply and demand in real estate is dictated by what buyers are willing to pay and sellers accept, in a precise location. It is imperative to work with a highly experienced Realtor who can filter the national real estate noise to deliver local real estate insights. We would like to offer some reasons why it is important to debunk this national market myth for local Triangle area buyers and sellers.

Markets to Watch

A local market is influenced by a number of factors and does not exist in a vacuum. Job growth, population growth, housing affordability, proximity to desired…

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Will Home Prices in the Triangle be Coming Down? Not so Fast!

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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Selling Your Home this Summer? Use a Pro!

If you are considering selling your home this summer and had the thought that you could save money by doing it yourself, think again. There are many points in a sale of a home that require deft negotiation and as with most things "experience counts" to ensure that your property, security, and finances; are protected. Lets go over the benefits of using a reputable, experienced local Realtor to sell your home smarter this summer.

Understanding Market Trends

Currently there is a lot of fluctuation in the market. Rising mortgage rates, increased home prices, and restricted inventory all affect your home price; selling potential and overall marketing strategy. The best Realtors are constantly watching trends, studying local markte data and know…

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Should You Pay off Your Mortgage Early?

Are you sitting on a large holiday bonus? Have you had a windfall financially and are considering paying off your mortgage early? This is a common question our clients ask us and many are often a little surprised to hear us tell them that it isn't always the best idea and that depending on a variety of individual factors it may not be in their best interest to focus exclusively on paying off their mortgage. There are a number of consideration when considering whether you should pay off your mortgage particuarly if they have other debts besides their mortgage.

Considerations

Prepayment Penalties

Did you know you can be penalized for prepayment? Lenders count on the interest of your loan, so paying off early to save on the interest may require…

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Upgrading your Starter Home

Upgrading Your Starter Home

First-time home buyers make up 33% of all homebuyers in the US market, according to the National Association of Realtors in their 2019 end of year report. Most homes are previously owned. Overall 13% opt for a new construction. On average first homes were 1,850 square feet, three bedrooms, two bathrooms and were built around 1990. This is what we refer to as a "starter home." Most often it's where new couples or early career professionals who are looking to move out of their rentals for something with more predictability and control, and so that they can begin building equity. The great thing about many of our first-time homebuyers is the energy they put into their first home purchase. With much excitement and hope, our…

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When You Need to Sell Your Home Fast

Ready to sell your house? 

Regardless of whether you're planning on selling in a Seller's market or a Buyer's market, whether it's Spring, Summer, Fall or Winter there's just a few things you'll always need to keep in mind. Take a look at this short video we've prepared to help our clients get their homes sold quickly and for top dollar. 

If you're thinking of selling your home within the next 6 months, let connect now. We'd love to share some additional services we provide our clients including consultation with professional stager, professional photography and videography, 3D Floorplans  and more. 

It's not uncommon for Sellers to become somewhat overwhelmed with what needs to be done in advance of listing their…

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The 10 Questions to Ask When Hiring a Realtor®

Are you considering hiring a professional to assist you with buying or selling your home? This is a big decision, as the sale of real estate involves large amounts of money and there's a lot of things to keep track of. Hiring the wrong Realtor® can be a disaster. Whether buying or selling, it's critical that you ask the right questions when you interview agents. After more than 25 years as a Realtor®, here's my list of the 10 questions I advise my friends and family to ask.

How To Interview A Real Estate Agent

1. Are you a Full-Time Broker? Are you available on short notice to show me homes for sale (or handle potential buyers for my house)? Do you have time to work with me now? Not all agents work full time, many have second jobs or other…

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