Monday, March 30, 2020

Can I View Homes Under the New Restrictions?


Real Estate has been declared an essential service here in NC.  This means we can continue to help folks who must move to find a place to live.  Whether you are a buyer or a seller, we all need roofs over their heads & many are relocating due to jobs, family, retirement & other reasons.

Today, I'm heading out with some folks to view homes.  I have plenty of wipes, sanitizer, towels, gloves etc.  I even have extra rolls of toilet paper in the back of my car!  Owners have approved the viewings, so we are good to go.  I'll miss hugging my clients (I'm a big hugger), but we'll do an air hug.

These people need to move.  They cannot wait.  

I am here to help you in whatever way you are most comfortable.  What's your timeline?  I am up-to-date with all the latest technology & ready to keep moving forward.  I'm conducting virtual meetings with folks who prefer so we can talk about their needs & goals & be ready for when things settle down.

Some of my services:

Thinking of putting your home on the market when all this is over.?  Get a free, accurate home valuation:
What is My Home's Value?

Relocating here?  Thinking of making a change?  Curious, bored, just feel like looking at homes? 
Home Search

Want to know the latest expert opinions about current conditions & market forcasts
Triangle Property Lines

I will continue my commitment to providing you the best service & will keep you posted on how things are going.

Don't hesitate to contact me for ANY reason!

Thursday, March 26, 2020

Stock Market and Home Values

With the housing crash of 2006-2008 still alive in our memories, my clients are asking if I think the current correction in the stock market is a sign that home values are also about to tumble.

After researching expert opinions, it is clear that what’s taking place today is not like what happened the last time.

The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market.  Homes were WAY overvalued & people were using them like ATMs to buy other things.  When values fell, folks were over-extended and had no equity (available cash) when they tried to sell.

This time, the stock market correction is being caused by an outside event (the coronavirus) with no connection to the housing industry. Many experts are saying the current situation is more reminiscent of the challenges we had when the dot.com crash was immediately followed by 9/11. 

As an example, David Rosenberg, Chief Economist with Gluskin Sheff + Associates Inc., recently explained:

“What 9/11 has in common with what is happening today is that this shock has also generated fear, angst and anxiety among the general public. People avoided crowds then as they believed another terrorist attack was coming and are acting the same today to avoid getting sick. The same parts of the economy are under pressure ─ airlines, leisure, hospitality, restaurants, entertainment ─ consumer discretionary services in general.”

Since the current situation resembles the stock market correction in the early 2000s, let’s review what happened to home values during that time.


The S&P dropped 45% between September 2000 and October 2002. Home prices, on the other hand, appreciated nicely at the same time. That stock market correction proved not to have any negative impact on home values.

If the current situation is more like the markets in the early 2000s versus the markets during the Great Recession, home values should be minimally affected, if at all.


I'm here & working for you.  Contact me with all your questions.

Triangle NC Real Estate Market & Covid-19

My heart goes out to everyone -- especially those at home with active children, seniors, healthcare workers, and local businesses.  We are all impacted by this pandemic and I would like you all to know that I am here to help as best I can.

To that end, I'm beginning a number of blogs on how this situation is affecting our local real estate market, what it means to you and what to do (and not do)..  here are some things to note:

A recession does not mean a housing crisis.  Homes are still selling and prices are remaining stable.  Things have slowed down a bit as we all adjust to a new way of doing business and there is some uncertainty regarding jobs.  There is no reason panic.

♦  Buyers:  I'm here vigorously keeping an eye on things and am available for you with video conferencing.  Here's how that works:  If you see a home you like, let me know.  I will set up an appointment & go to the home at a time that's convenient for you.  Then, via video conference (that I will set up), you and I will go through the home together so you can see what I see and ask questions.  All from the comfort and security of your home!

♦  Thinking of selling?  I will put my professional 10 point marketing plan in action for you to get your home seen by the right buyers, at the right price & sell quickly.  My listings sell within 2 weeks of going on market.  

♦  I will be happy to run an accurate Market Analysis of the current value of your home.  This way you can decide if now is the time for you to make a change.

♦  I will connect you with expert mortgage lenders who will let you know what your financial sitution is so you can make the right decision  You must be pre-qualified in order to put in an offer anyway, so let's find your comfortable price point.

♦  Tell me what you need, what your questions are and I will reply promptly.

I've lived through so many recessions and successfully ran a real estate business during the worst housing crisis in our history.  I was here for you then and I am here for you now.

Here in NC, Real Estate is considered an Essential Business.  This Realtor is IN!
I've got lots more info coming soon -- so stay tuned for the next chapter:  How is this different from the previous housing crisis?

Tuesday, February 18, 2020

Look out Spring Market - Triangle NC Real Estate is Booming!

The numbers are in for January, 2020 and the year is starting out with a blast!  Look out, Triangle NC Spring Market-- things have already taken off!


For you charts & graphs fans, here is the overview in pictures:



In a nutshell:


Some contributing factors:

  • Mild & pleasant weather
  • Interest rates still low
  • Now is the time to SELL!

Moving forward:

  • This is an election year.  The political atmosphere & instability is motivating both sellers & buyers
  • January is usually the lowest month.  These numbers indicate that the Spring market will BOOM & competition will heat up
  • Now is the time to BUY!

Let's get ready to sell your home!  Contact me now & I will provide you with everything you need (including accurate local market value) & guide you through each step of the process so you 
MAXIMIZE profit & MINIMIZE hassle.






Friday, January 10, 2020

What, Really, is the Most Important Factor in Choosing Your Next Home?


What, really, is the most important factor in choosing your next home? 

This is the moment where the home buying motto comes into play—location, location, location.

It’s important to keep in mind that once you buy a home, the condition of your home can always change, but the area you decide to live might not.  Or it may, but not in a positive way (eg, new highway nearby). 

Usually when someone buys a home, they want to stay there for a while, which is why location is a top priority. It comes down to what you genuinely need from a location, that way you’re settling in a home completely satisfied with everything necessary to fit your personal lifestyle.

Consider the following location factors when deciding where to look:

School District
This is usually a huge factor for people with children. Actually, it is huge for everyone as good schools affect the value of your home. Of course, you want your kids to be part of a great school district and get the most out of their education. Finding the right one will be an important factor to take into account while searching for your future home.
My Service:  You will be provided with all the info on our local schools, including rankings, how our system works here in NC and links to contact them.
Rural or Urban?
If you have lived in an urban community your entire life, going off into a rural area may be a bit of a dramatic change. If you’re really trying to get more in touch with nature and live a slightly less fast-paced lifestyle, then go rural! As long as you are confident that you’ll be comfortable with your new surroundings.
My Service:  I will listen to what you are looking for & make recommendations based upon my 10 years of Real Estate expertise & knowledge of our area.
Proximity to Work
I’m not sure I have ever met someone who has said, “I love my long and early commute to work”!, which is why it’s important to make sure the area you are looking to live in is a manageable distance from your job. This way, getting to work doesn’t cause them more stress than the actual job itself.
My Service:  You will receive searches based on distance from your job or other place you specify.
Price Range
Of course you want to jump in & start searching.  This is exciting!  The first step, though, is to contact a great mortgage lender.  You really need to know how much you can afford before you start looking.  And, sellers will require a Qualification Letter with any offers, so this is the first step to take.  You may be delightfully surprised to find out you may afford more than you anticipated, but it’s important not to live too far beyond your means.

My Service:  I work with several well-respected & experienced lenders who will walk you through the process & explain everything to you.  I also give you a list of lender questions to use in your conversations.
Distance from Extended Family
Everyone’s family is different, but consider a potential home's proximity to relatives.  Whether you’re close with your family, or there are older relatives who will eventually need extra care, this is important to keep in mind, especially if you plan on settling in the location for a long period of time.

My Service:  I will provide you with info on proximity to trains, planes & automobiles.  I will show you where the major highways are.
New Highway Proximity -- If, When, Where
Our area is growing rapidly and new construction is popping up all over.  We have several new major highways in the works.  You need to know if or how this may affect your home value & your quality of life.  

My Service:  You will receive the most accurate information on nearby construction.  This includes approved & proposed major highways, retail & residential.  I keep on top of this info so you can relax.

Make the Smart Real Estate decision when selecting your next home.  You'll be very happy you did.  I'm here to help every step of the way.


Sunday, September 8, 2019

Your Home End-of-Season Cleanup Guide


As the summer comes to a close, it’s a good time to do a little end of season cleanup to prepare for the fall season just around the corner.


Garden
To get ready for any fall planting to simply tidy up while you wait for spring again, clean out garden pots and dry out or preserve any, fruits, vegetables, or herbs you worked hard on all summer so they don’t go to waste.

Pool
Begin to prep your pool for close by vacuuming, cleaning filters, testing balance in the water, and safety storing pool floats and toys for the following year. Even if you plan on leaving these items out during warm fall weather, it can’t hurt to do some end of season cleaning!

Patio
Any repairs that need to be taken care of should be done before foliage begins to fall and the winter rolls around. Make sure you have a proper place to store items, or invest in furniture covers that can take on rain and weathering.

Shed
Organize your shed and put away tools, decorations, and items you no longer need out and readily available. Take this time to reorganize, and bring rakes and wheel barrels front and center so that when the leaves start to change and rougher weather heads your way you are good and ready to take on fall lawn care.

Walkways
Make repairs now while the outdoor weather is still comfortable. Once harsher conditions roll around, damage will only get worse and your willingness to get outside and make the repairs needed will probably lessen.

Weeding
Remove all decaying plants, and clean up any unwanted growth to prepare for fall plants to avoid having to deal with returning weeds in the spring.

Grass
Your lawn still needs water beyond summer months. Make sure your hose and sprinklers stay out, especially if you plan on planting or fertilizing during the fall.
Fall is a busy time of year, make sure you get organized and prep before the new season begins!

Contact me for answers to ALL your residential real estate needs.  


Wednesday, July 3, 2019

FIREWORKS! Where to see them in the Triangle


Here's the scoop on where to go for fun & fireworks.  Click the link for more details.

Apex

Olde Fashioned Fourth of July
Thursday, July 4th, 2019, 9 a.m. to 1 p.m.
Historic Downtown Apex
Flag-raising, inflatables, face-painting, karaoke, parade of wheels, fire department splashdown
Free to attend. Might be cost for some activities.

Cary

Cary Independence Eve Celebration
Wednesday, July 3rd, 2019, 6:30 p.m.
Cary Arts Center
The Cary Town Band will celebrate and honor our nation’s veterans in this year’s Independence Eve Celebration. Speaker Deborah Tilton, a Specialist in the NC Army National Guard and decorated veteran, will answer the question, “What is a Veteran?” Musical selections will be played to honor those who have served. The band will pay special tribute to our military service personnel and their spouses past and present who have helped secure our freedom and liberty. For more info, visit Cary Town Band or call (919) 469-4069.
Free
Cary Independence Day Celebration
Thursday, July 4th, 2019, 7:00 a.m. – 6 p.m.
Fred G. Metro Bond Park, Boathouse
Enjoy the fishing tournament, parade, and various activities. The activities start at 8 a.m.
Free
July Fourth at Booth Amphitheatre
Thursday, July 4th, 2019, 3 p.m.
Koka Booth Amphitheatre
Enjoy an afternoon and evening of fun, family festivities. The North Carolina Symphony will be performing. There will be a fireworks  display at the end of the event.
Free but there will be a charge for some of the amusements.

Fuquay-Varina

Independence Day Celebration
Wednesday, July 3rd, gates at 6 p.m., Spare Change plays at 6:30 p.m., fireworks at sundown
South Park, 900 S. Main Street
Food vendors, music, free rides for kids, splash pad 6 p.m. until sundown, and fireworks.
Free

Garner

Garner Independence Day Celebration
Wednesday,  July 3rd, 5 p.m.
Lake Benson Park, 921 Buffaloe Road, Garner
Celebrate Independence day with food, music, and inflatable games. The North Carolina Symphony will be performing. The event will end with a fireworks show.

Holly Springs

Holly Springs Independence Day Celebration
Friday, July 5th, 5 p.m.
Jefferson L. Sugg Farm at Bass Lake Park
A pet-friendly festival with food, games, crafts, activities, and more. There will be a fireworks display at 9:15.
Free

Morrisville

Morrisville Fireworks
Wednesday, July 3rd, 2019, 6 p.m.
Morrisville Community Park
Fireworks and food trucks. Bring blankets, chairs, and tents to watch the show.
Free, but bring money for the food trucks

Raleigh

Raleigh Fireworks
Thursday, July 4th, 6 p.m.
PNC Arena/Carter-Finley Stadium/NC State Fairgrounds Area
Raleigh’s fireworks will take place in the PNC Arena area.
All fireworks will be launched from property owned by NC State University along Trinity Road, directly adjacent to Close-King Indoor Practice Facility. PNC Arena, Carter-Finley Stadium, and the North Carolina State Fairgrounds are in the vicinity of the fireworks display.