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Category Archives: Home Buyer Tips

The Rising Rental Rates of Raleigh

Rising Rental Rates

It’s a great time to make the transition from renter to homeowner in Wake County! Home sales and prices have been rising throughout the year in the Triangle market – and so have rental rates: Local Rental Rates The Raleigh-Cary region of N.C. was recently ranked among the highest average rental rates for an apartment in the nation. The average rent among apartment communities that have been open for moreRead more about The Rising Rental Rates of Raleigh

Raleigh Real Estate Market Report – August 2014

Check out the residential real estate market trends around the NC Triangle for the month of August: Homes Sales The market is leveling off after double-digit gains last year. With 2,947 homes sold in August, Triangle home sales were up 1 percent when compared to the same month last year and down 8 percent when compared to July. While sales increased by a steep 24 percent in 2013, theRead more about Raleigh Real Estate Market Report – August 2014

Clayton Budgets for Major Improvements and Expansion

Clayton, North Carolina is quickly becoming one of the most promising locations in the Triangle for homebuyers. BusinessWeek magazine recently rated Clayton’s schools among the top in the U.S., and ranked the town in the top 10 of the country’s most affordable places for families to live. The schools scored a rating of 9.3 out of 10, with the article highlighting East Clayton Elementary, Riverwood Elementary, and Riverwood Middle asRead more about Clayton Budgets for Major Improvements and Expansion

Active Adult Communities around the NC Triangle

Are you interested in retiring in the Greater Raleigh area? With so many 55+ adult communities to choose from, you’re looking in the right place for low-maintenance living!   Carolina Preserve – Cary Homes: Ranging from 1,217 to 3,500 square feet, Carolina Preserve offers two, three, or four bedrooms with attached garages. Many homes feature dens, entertaining spaces, and guest rooms, and a few models include basements and lofts.Read more about Active Adult Communities around the NC Triangle

FHA Launches HAWK Program for First-Time Homebuyer Discounts

Loans insured by the Federal Housing Administration are popular among today’s homebuyers because they require a minimum down payment of only 3.5 percent and a lower minimum credit score. Now, to make things even better, the FHA has added a new program called Homeowners Armed with Knowledge (HAWK) to assist first-time homebuyers. The idea behind HAWK is that the more borrowers understand about homeownership, the less likely that are toRead more about FHA Launches HAWK Program for First-Time Homebuyer Discounts

Raleigh vs. National Rental Rates

For rent and utilities to be considered affordable, the goal is to spend no more than 30 percent of a household’s income on housing. According to a comprehensive Harvard study, however, approximately half of all U.S. renters are spending more than 30 percent of their incomes– up from 38 percent of renters in 2000. Housing Secretary Shaun Donovan declared this to be “the worst rental affordability crisis that this countryRead more about Raleigh vs. National Rental Rates

Triangle Shines in Best Places for Home Ownership List

The Triangle continues to shine. It recently nabbed six of the top eight towns on the Best Places for Homeownership in North Carolina list. Nerdwallet finance, a data-driven company that helps consumers make financial decisions, recently analyzed the 59 cities in NC with populations greater than 15,000 to find the best value for your buck. The study focused on three ideas: Are homes available? Low homeownership rates likely signalRead more about Triangle Shines in Best Places for Home Ownership List

Cary Tops List of Most Popular Relocation Zip Codes

The NC Triangle is composed of 52 zip codes, and according to a 2013 WelcomeMat Services analysis, the Cary-Morrisville area is the most popular for newcomers. Averaging 405 new residents each month, the 27519 zip code finished well ahead of the competition, with south Durham (27713) and inside the Raleigh beltline (27612) following behind with 356 and 337 new move-ins per month, respectively. Cary’s popularity comes as no surprise.Read more about Cary Tops List of Most Popular Relocation Zip Codes

Why You Need a Land Survey

Buying a home is usually the largest purchase you will make in your lifetime – which is why it makes sound financial sense to protect this important asset. A land survey is a cornerstone of protection of home ownership. A land survey provides important information to you as the buyer. The map will show the land limits and identify any conflicts in your deed. It will also allow youRead more about Why You Need a Land Survey

In-Law Suites & Guest Houses in Raleigh

Multiple generations are living together more and more in the Raleigh area these days. As the family changes, so do demands for homes that will accommodate aging parents, children returning home to save money before they buy their own home, or other special needs that families demand. Let’s face it, homebuyers are not just two parents, two kids and a golden retriever anymore. The recession didn’t make things easy,Read more about In-Law Suites & Guest Houses in Raleigh