We did it again! Raleigh was just listed in an article by online publication The Business Insider as one of the top 10 real estate markets that will thrive in 2011. It seems that Raleigh is always making these types of lists. Best quality of life. Best place to live. Best place to start a small business. You get the idea. I know we're all ready for the Raleigh real estate market to … [Read more...]
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Why The Raleigh Real Estate Market Will Thrive In 2011
Filed Under: Buying a Home Tagged With: market analysis
FHA Mortgage Insurance Premium (MIP) Rates Will Increase Soon
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 adjust MIP rates. Basically FHA can increase the cap on … [Read more...]
Filed Under: Buying a Home Tagged With: mortgage
The Tax Credit Robbed Buyers From The Furure
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 try to understand the impact of the Home Buyer Tax Credit, the first place we should look is … [Read more...]
Filed Under: Buying a Home, Selling a Home Tagged With: market analysis, tax credit
Need A Custom Home Builder?
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 to sit down with you and take your ideas of what your dream home should look like and turn it … [Read more...]
Filed Under: Buying a Home Tagged With: home builders, new construction
USDA 100% Loans Are Back
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 needs to sell a home and owes more on it than it's worth. Not a good position to find yourself in. … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer, mortgage
Heritage Wake Forest Single Family Homes From The $220s
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 homes are stuck away in some remote, less desirable part of Heritage Wake Forest, think … [Read more...]
Filed Under: Area Info, Buying a Home, Neighborhoods Tagged With: golf course homes, Neighborhoods, new construction
Tax Credit Extended For A Few Good Men & Women
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 federal employees serving outside the United States have an extra year to use the … [Read more...]
Filed Under: Buying a Home Tagged With: first time buyer, tax credit
How Much Should I Offer On A House?
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 first thought is... which house? If this question does get rephrased it is usually something like... … [Read more...]
Filed Under: Buying a Home Tagged With: negotiating, offers
So How Is The Raleigh Real Estate 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, "why do you ask"? The Raleigh real estate market is actually made up of … [Read more...]
Filed Under: Buying a Home, Selling a Home Tagged With: market analysis
Flipping Houses Can Bring Profits And Problems
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. In other words, if a house is worth $200,000 in top condition, and needs $30,000 … [Read more...]
Filed Under: Buying a Home Tagged With: investors
