From the category archives:

Buying a Home

FHA Mortgage Insurance Premium (MIP) Rates Will Increase Soon

September 1, 2010

FHA will increase its Mortgage Insurance Premium (MIP) rates effective Oct 4, 2010.  Actually the monthly FHA MIP rates will increase while the upfront premium will decrease.  More on the specifics in a moment.
Okay, let’s get the boring stuff out of the way first.  Congress recently passed HR 5891 which gives the FHA authority to [...]

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The Tax Credit Robbed Buyers From The Furure

August 3, 2010
Learn what really happened

What was the impact of the Home Buyer Tax credit?  It definitely had an impact on the local Raleigh area real estate market during the first half of this year.  Was it a positive or negative impact?  Was it good for buyers?  Was it good for sellers?  Let’s  see what the numbers tell us.
As we [...]

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Need A Custom Home Builder?

June 22, 2010
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Are you looking for a custom home builder in Raleigh, Cary or Wake Forest?  Then you’re going to want to read on as I introduce you to Ryan Johnson of Revolution Homes.
First, let’s identify what a custom home builder is.  A custom home builder can be best defined as a firm that has the capabilities [...]

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USDA 100% Loans Are Back

June 1, 2010

Funding for USDA 100% financing ran out a few months ago. But fear not, it’s back!
But before we continue, I must warn you.  Please, whatever you do, if you are considering buying a home with no money down, be very very careful. All too often these days I find myself talking to someone who [...]

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Heritage Wake Forest Single Family Homes From The $220s

April 16, 2010
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Heritage Wake Forest has just announced brand new homes in the sub $300,000 price point.  As a matter of fact, prices in this new section of Heritage are as low as $220,000 for a 1927 square foot detached single family home with an unfinished walk up attic.
And just in case you’re thinking that these new [...]

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Tax Credit Extended For A Few Good Men & Women

April 13, 2010
Home Buyer Tax Credit Extended For Military

The First Time Home Buyer Tax Credit has been extended for US military and members of US foreign services or intelligence.  Actually I think this has been fact since December of 2009, but I wanted to take a few minutes and make sure everyone was aware.
Here’s the scoop… Members of the military and certain other [...]

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How Much Should I Offer On A House?

April 12, 2010
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How much should I offer on a house?  This is a question that I get several times each week.  It varies in form a little each time, but I am surprised how often it’s asked without reference to any particular house.
So whenever I hear someone ask… “How much should I offer on a house?”… my [...]

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So How Is The Raleigh Real Estate Market?

April 8, 2010
The Market

How is the Raleigh real estate market doing?  I get asked this question many times every day.  I’ve tried the short answer.  You know the ones… great… awful… better… up and down.  But no quick answer really paints an accurate picture of the Raleigh real estate market.
The best way for me to reply is probably, [...]

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Flipping Houses Can Bring Profits And Problems

April 7, 2010
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Flipping houses can be a profitable business.  After all, there are people on HGTV and A&E with their own shows making it look easy, right.  Well maybe.
The basic strategy for flipping houses is to buy a distressed property at a price that is discounted far less that what it would take to cure the distress.  [...]

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Who Is The Seller When It’s A Short Sale?

April 6, 2010
Who Is The Seller Of A Short Sale

Short sale offers are many times delivered along with a good portion of misunderstanding.  There seems to be quite a bit of confusion regarding who is actually the seller.  Confusion exists even among some Realtors.
I’ve listed a fair number of short sales. Every time I have had at least one offer presented where the real [...]

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