Why Move To Raleigh, N.C.?

Thinking of relocating to Raleigh? Read this article to see that the answer to the question should be “Why wouldn’t you move to Raleigh?”

Low homicide rates, low motor vehicle theft, great business opportunities and strong real estate trends are all contributing to Raleigh being the fastest growing city on the East Coast of the United States.

Raleigh is the capital of North Carolina and was named in November 1792 after Sir Walter Raleigh. Due to the large number of oak trees, Raleigh is often fondly referred to as the “City of Oak Trees”.

Along with Chapel Hill and Durham, Raleigh is part of an area known as the “Research Triangle”, with several fine universities in attendance. The weather is mild and there are no hurricanes.

Since January 2006, the city of Raleigh has won some impressive awards:

January 2006: A City of Higher Education. The residents of Raleigh are the third best educated in the USA. 49.7% of the population have a bachelor degree or better. The 2 higher educated cities are Seattle and San Francisco.

February 2007: Top City for Employment. This was awarded by Forbes.

May 2007: Third best area for African-Americans. Black Enterprise decided that due to greater health care, technology and higher education, the Raleigh –Durham area was a great place to reside for African Americans.

May 2007: Best Place to do Business, as awarded by Forbes. Business costs in Raleigh are 13% less than the national average, the economy has increased at a healthy rate for three years, and almost 40% of the work force have a college degree.

June 2007: One of the Best Cities for Young Singles. Apparently in Raleigh if you are youthful, there are plenty of things to do, and home rental is affordable.

July 2007: Best Place to Sell a Home, as awarded by Forbes. This was based on the city’s price stability, sales patterns, and sales pace.

July 2007: Leading Walking City.as determined by Prevention magazine. Due to Raleigh’s mild climate, points of interest on its walking paths, percentage of parks per miles, and the amount of residents who walk as a form of exercise, the city was voted 12th best in the States.

Whether you are young or old, rent or own your home, are a student or seeking employment, the city of Raleigh would seem to be the ideal choice, Call the removalists today!

The Importance Of Understanding The Raleigh, North Carolina Real Estate Market

Are you a Raleigh, North Carolina homeowner who would like to sell your home? On the other hand, are you looking to buy a home in the Raleigh area? If you are looking to buy a new home, your first thought may be to start the process right away. If you are looking to sell your home, your first impulse may be to list your for sale home as soon as possible. While these approaches are doable, you may want to take the time to examine the Raleigh, North Carolina real estate market first.

As for taking the time to understand and examine the Raleigh real estate market, many wonder what is so important about doing so. For starters, examining the Raleigh, North Carolina real estate market can help you accomplish your goal, whether that goal is to buy a home or sell a home. Knowing what to expect can prevented unexpected surprises and disappointment later on.

As for Raleigh homeowners looking to sell, you are urged to examine the real estate market. This is important, as it can help you determine if you should sell your home now or wait until the real estate market approves. A number of realtors list for sale homes, as well as homes that have sold on their websites. The same is true for MLS websites. A sign of a healthy real estate market is homes that sell and for around their estimated property value.

If you are looking to buy a Raleigh home, you will want to speak with a realtor or turn to the internet, namely realtor websites or MLS websites. These websites can give you an idea of what homes in or around the Raleigh area are selling for. Be on the lookout for homes that are overpriced. If this is what you find, you may want to temporarily hold off on making a home purchase, as you will want to prevent yourself from overpaying.

The above mentioned points are just a few of the many you should consider, when looking to buy or sell a home in Raleigh. As a reminder, speaking to a realtor, examining realtor websites, as well as MLS websites can help you better understand the Raleigh, North Carolina real estate market.

Tips For Buying A Home For Your Family

Buying a home for your family is an important step, and you need to consider a few things before you make the final decision. You should consider how much you could afford and still live comfortably. You should calculate your budget by entering all your monthly bills, and then subtract that from your monthly net income. After you have a final figure, you can determine how much you can afford for a monthly mortgage payment.

When you do find a home, you need to have a home inspection done. This usually runs about two to three hundred dollars, but it is money well spent if the inspector finds something major wrong with the foundation or the structure itself. Without a home inspection, you will not know until after you own the house, if something is unsatisfactory.

When you are buying a home for your family, you need to plan for the future. A few things to consider are the size of your family now and if you plan to expand your family. The size of your family is important because you do not want to outgrow your new home as soon as you buy it. If you are buying a smaller home with intentions of remodeling and adding rooms, you need to examine the property to see if this is possible if you need to expand.

Many people do not consider the area or location of the home other than the school district the home is near. However, you should also know if the home is in a flood zone or any other type of weather related zones. This could be important if you live in a state where weather related incidents occur such as hurricanes or tornadoes. If you do buy a home in such an area, you will need to know if you can obtain an insurance policy with the coverage that you will need to protect yourself and your investment.

Who Is Your Real Estate Agent Referring You To… And Why?

favors.pngBuyers count on their real estate agents to help them with all of the complex pieces throughout the home buying process. When buying a home, you will likely be working with a variety of real estate specialists including professionals for:

  • Home inspection
  • Legal representation
  • Homeowner’s insurance

You trust that your agent will point you in the direction of qualified professions – but are you sure about that? If a professional offering homeowners insurance for example, can get on the referral list of a popular real estate agent, they stand to make a very nice profit. Because of this relationship, many real estate professional will offer agents financial incentives for referrals.

This is not to say that all real estate agents take compensation for referrals. This is not to say that when an agent does receive compensation that he or she is not referring you to the person they feel is the best for you. But isn’t that something you’d like to know before you sign on with an agent?

At Buyer’s Advantage Group, we have strict guidelines for the Raleigh real estate professionals that we recommend and never take compensation for referring clients. Instead of putting our best interests first, our goal is to provide our clients with Triangle real estate professionals that offer competitive choices and that have exemplary service records.

How To Choose A Real Estate Agent

When choosing a real estate agent you should consider a few important facts and ask questions carefully. You need an agent that will work for you and not the other party. They should have all the necessary resources for buying and selling a home. The real estate agent you choose should have a reputation for matching clients to the perfect homes.

A very important fact to know is how much the agent takes for a commission and how that affects you as a buyer or seller. You also want an agent that can recommend lending companies and programs that you might qualify for when you are ready to look for financing. This is important information for the agent as well as for you.

You may want to find out what code of ethics the real estate agent follows before considering an the agent. It is important to discuss this before deciding, because different real estate agents have different practices.

Many people attend open houses and find real estate agents this way. Another way is through referrals from friends. If you know someone that had a great home buying experience with a real estate agent, you may decide to follow this lead. Before signing any agreements or other documents with a real estate agent, you need to know what, if any recourse you will have if you are not happy with their performance.

Once you have decided on the right real estate agent, you can then sit down and tell them what you need and what your price range is for a new home. They should have access to many homes to start with until you find the right home. Remember, you should never allow a real estate agent to pressure you into buying a home you are not 100% sure about before making a bid.

How To Invest In Real Estate

If you have capital to invest, one of the best returns on your money can be in real estate. Investing in the property market has long been one of the hottest ways of increasing capital, but in order to make a decent profit you need to know what you’re doing.

First of all you need to have a good property. The best kind of property is that which needs work done to it, so look out for properties for sale that state they need attention, or they need renovating. If you’re going into the real estate investment game with a view to selling on each property as fast as you can, you need to develop a relationship with a construction engineer who can walk you around any building, tell you what needs to be done to bring it up to a good standard, how much it will cost, how long it will take, and the value of the property once the work is done.

This information will allow you to make a reasonable bid based upon how much investment you will need to put into the property in order to make your money back. Remember that the time your money is tied up in that property whilst the renovations are being carried out, is time your money isn’t earning capital so you need to be mindful of real estate that is going to take a number of weeks to complete. You ideally need property that requires a lot of cosmetic repairs that will completely change the look of the property for relatively little time and effort, but which will show a good return on your investment when you resell the property for it’s market value.

If you’re serious in the real estate investing business, then it may be worth talking to a realtor who helps the other property investors in your area. If anyone knows what’s for sale, and what it’s worth – along with what it would be worth if it was in tip top condition, it’s a good realtor. Building a relationship with a real estate professional will make your life as a real estate investor much easier as they will bring the properties to you when they come up, and so you’ll have some of the work done for you.

Although most people who approach real estate investing make money, it is possible to lose money if you don’t know what you’re doing. So make sure that you check each property closely to discover all it’s hidden faults, and that similar properties are selling in the area, before committing your finance to the project.

How To Buy A Home With Bad Credit

Increasingly more people are finding themselves in a bad financial situation with regards to their credit history. That doesn’t mean that they are not in a position to buy a home, though. Although house buying does become trickier, not to mention more expensive if your credit rating is high, it is possible to purchase a home without having good credit.

The first thing you need to do is to find out what your credit score is. The higher the credit score, the higher risk a potential lender will see you, and consequently you’ll be charged a higher interest level. If possible you should try to lower your credit score before going into the house buying marketplace, but if that’s not financially feasible, then make sure you investigate what several different financial institutions will charge you to borrow the same amount of money.

You should then check out what’s available to you in terms of government funded finance. If you fit into one of the categories of people or situations that your local or even the federal government is trying to help, you may find that your repayments will be considerably lower. Programs are often available through the Federal Housing Association (FDA), as well though your State offices, and the US Department of Housing and Urban Development (HUD). Find the number for your nearest HUD Housing Counseling Service and contact them to find out what may be available to you and who you should contact about it.

Once you secure a home, don’t just assume that the finances are done. Always keep in mind that your loan will be at a higher than average rate of interest because of your bad credit rating. Work at bringing your credit rating down – even making your regular mortgage repayments on time will help to do this over time – and then once you have a better rating and meet any time restraint that your current financer may have inserted into the financial contract, start to investigate refinancing your home so that you bring the level of monthly repayments down, and so increase your monthly disposable income.

If you want to buy a home and you know your credit rating is bad, don’t let that put you off. Take a look at what’s available to you in the way of financing, and then see what you can get for that kind of money in the area you want to live. You might be surprised!

What About Mu Shu?!

What About MuShu?Being fanatical about real estate, you might imagine that we love watching the home shows on HGTV. Oftentimes though, we are appalled by the behavior of the real estate agents!

One that episode of House Hunters that really stands out as unbelievable features bachelor Brian Lau and his pet pig Mu Shu. What Brian needed most was a yard for Mu Shu to roam around in… but incredibly, the real estate agent continued to show him homes that were not suited for Mu Shu at all! Each time she brought him to a home we couldn’t help but burst out… What about Mu Shu!

Why do some real estate agents show buyer’s homes that obviously aren’t suited for them? We’re not making ANY assumptions about the agent working with Brian and Mu Shu, but there are some good reasons as to why many agents take buyers to homes that may not be their ideal solution.

A tradition real estate agent that sells and lists homes – or who works for a real estate agency that sells and lists homes, has a vested interest if they buyer purchases a home that they have listed. In fact, in North Carolina, agents of a firm have a fiduciary responsibility to the firm. That means that if you contract an agent to help you buy a home, they must first try to sell you one of their firm’s listing before offering other options!

As buyer’s ONLY agents, we are not bound by any fiduciary responsibility to any seller. As an exclusive buyer’s agent, our role is to be an impartial advocate for the home buyer, asking critical questions of the selling agent that the home buyer may not even think to ask.

We can start a home search anywhere, without trying to sell you our own inventory first because we don’t have an inventory!

Here are some questions you can ask an agent to determine if they are a true exclusive buyer’s agent:

1. Do you list any properties? An exclusive buyer’s agent does NOT list properties

2. Does your firm list any properties? An exclusive buyer’s agent does NOT work for a firm that list properties

3. Are you a member of NAEBA (National Associate of Exclusive Buyer’s Agents)? Only a true exclusive buyer’s agent can become a member of NAEBA.

To find more fun real estate shows on HGTV, visit http://www.hgtv.com/hgtv/shows/

Finding A Buyer’s Real Estate Agent

A buyer’s agent is a real estate agent who exclusively represents the interests of the estate buyer. This real estate buyer’s agent is contracted and paid for by the estate buyer and has only the buyer’s interests in mind during any property transaction.

The best way of finding a buyer’s agent is by asking friends and family for referrals. If you know someone who’s recently bought a new home would be in the best position to tell you who’s good and who to avoid.

Another good source would be to check on the Internet as well as newspaper ads for buyer’s agents who are listed in the area you are looking for. However, whether you find your buyer’s agent through a known or an unknown source, it is essential that you make a checklist of questions to ask the agent in order to ascertain that you feel comfortable with the agent, and more importantly, to ensure that the agent can indeed deliver what you are looking for.

Determine your budget and make a list of features that you are looking for in your new home. Show the details to the agent and ask questions about how he intends looking for the perfect home for you. Find out how many houses you are likely to see that meet your budget as well as our requirements. Ascertain exactly what services are included in your contract and those that you are expected to pay extra for. Also find out if the agent will handle the negotiations on your behalf. Getting references and contact numbers of previous clients gives you the opportunity of checking on the agents past records.

Why Move To Raleigh, NC?

Raleigh North Carolina is a wonderful place to move if you are looking for a change. Raleigh is a very large city, so be prepared for lots of people, plenty of traffic, but also a very scenic place with trees and a great deal of entertainment to take part in. This is also a city in the United States with a very low crime rate and a very high quality of life reported.

Many people move to Raleigh, NC because of the comfortable weather for the majority of the year. This can be very beneficial to those with various health concerns such as severe arthritis. The weather is warm and sunny most of the year but not unbearably hot. The summer months can be very humid and uncomfortable though. There is very little snowfall or ice in Raleigh, NC so if you hate driving in such conditions you will really enjoy living here. It is also a great place to play golf all year long!

There are plenty of jobs to be found around Raleigh, NC in the various types of industry and services of the area. There are jobs for those with a high level of education as well as those just entering the workforce without any previous experience. Raleigh, NC is a great place many people move to in order to attend college. They offer a variety of different types of degrees in various categories so you will need to look into the specifics of each one before you make a final choice.

Close
E-mail It