A Fantastic Organization to Consider Giving Back to

We always try to support our partners who are doing good out in the world. Today, we’re going to discuss the great work being done at The Assistance League.

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Today, our topic is all about giving back. Even though everything we do all day is real estate-related, there’s a lot more out there than just real estate. Anytime we come across a partner who is giving back to the community, we want to share it with you. I’d like to introduce you to The Assistance League of the Triangle Area right here in North Carolina. This is one of 120 chapters of The Assistance League, and all the funds are raised and spent locally. The entire staff is made up of volunteers as well.

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This is something we’re very passionate about.

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Their signature program is called “Operation: School Bell” which provides school supplies, new clothing, shoes, hygiene items, and more to over 1,800 children in 24 schools here in the Triangle area. This is something we are very passionate about. If you are too, please check out their website here and consider making a donation. If you have any real estate questions in the meantime, don’t hesitate to give me a call or send me an email. I would love to hear from you.

How Can You Stage on a Budget?

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If you are looking to sell your home, your goal is to get the most money possible in the shortest amount of time. One of the best ways to add value and appeal to your home is through home staging. You have a lot of options for how you want to go about it. You could hire a professional staging company, but that comes with a hefty price tag.Most of the time, a few simple fixes is all it takes to transform a living room. 

Today we are going to go through some of our most favorite, inexpensive home staging tips or you. We hope these will help you save both time and money when it comes time to sell your home.

A fresh coat of paint is always a good idea. Neutral, warm colors work best for highlighting the natural light in your home. This will make it easier to punch up the room with some colorful accessories and pull everything together.

A common design problem facing many homeowners is that they have no real entry way, as their front door opens up to the living room. To fix this, you can add a table, some lighting, and a rug to "fake a foyer" and make it feel like the living room and entryway are two different spaces.

A patterned rug, some pillows, or bright curtains add a ton of texture and an eclectic layer to the space, which is essential to a well-designed room.

In some cases, a "make-under" is just what you need. In the case of most fireplaces, taking some accessories and clutter away enhances the look and feel of the room greatly.

You could spend well over a few thousand dollars with a staging company, or you could do these fixes yourself for around $500. That's a small investment considering the value that you add to your home by adding those pieces.

If you have any questions for us about staging your home or anything else real estate related, give us a call or send over a quick email. We are always here to help, and would love to hear from you!

Why Aren’t Millennials Buying Homes More Frequently?

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One thing we know for certain about the real estate market is that it is never going to stay the same for long. Today we want to talk about an interesting trend we’ve noticed in real estate: millennials are waiting longer to purchase their first homes than their parents did. 
 
The typical first-time buyer now rents for an average of 6 years before buying a home, which is up from 2.6 years in the early 1970’s,according to Zillow.

  
We came across a great video on the topic from CNBC. To save you some time, I will give you my three biggest takeaways from the video.

1. Down payments are a huge factor
Renters in today’s market are struggling to save for down payments and qualify for mortgages. Most first-time buyers still depend on personal savings for at least some of their down payments, but rising rental prices have complicated the task of socking away money for a down payment.

2. Rising rental rates are complicating things as well 
Rental rates are causing 46% of renters aged 25-354, to spend more than 30 percent of their incomes on rent, up from 40 percent a decade earlier.

3. Job security is important to millennial buyers 
The Money Source, a mortgage lender, examined applications from 5,404 millennial buyers and found that these buyers averaged nearly 4.5 years in their field of work and had held their current job for slightly more than three years. Those figures point to how critical career stability is to a younger generation.

Thanks for joining me today. Talk to you soon!

What You Need to Know Before Renovating Your Home

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Renovating your home can be an exciting process, but it's important that you don't get ahead of yourself. You can't just go willy-nilly into a major project and expect it to go perfectly. Planning properly for these types of projects can assure a smooth project, and one that may even cost less!

We recommend making a very detailed timeline of your project, including potential things that could go awry and making backup plans in order to prevent these things from happening. Putting your plan onto paper is a good way to start this process.

Another major step is choosing a good team of contractors that you can communicate with. If they don't know what you want done, they can't do it. 

Just remember, there is no such thing as too much planning! If you plan on renovating your home, please contact us. We know great contractors and could also give you advice on what projects will bring you the highest return on your investment. 

We look forward to hearing from you!

Is the Triangle Real Estate Market in Good Shape?

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Hey everyone, welcome back to my blog. Today I am going to discuss the current market conditions for the Triangle Real Estate Market. Many people think that our market is one giant entity. In fact, there are many sub-markets within our major market and depending on the inventory and demand, the ranges vary greatly. 

For example, if you're looking for a house that's less than $400,000, you are looking in a seller's market. For homes in the $400,000- $700,000 price range, we are in a more balanced market. As for homes in the $700,000+ range, we are in a buyer's market. 

One thing that is really driving our market right now is our current inventory, which is down by about 10% from this time last year. However, we have noticed a recent spike in sellers putting their homes on the market. 

Another driver is interest rates, which have been historically low now for quite some time. They are expected to rise within the year, so now is a great time to purchase a home in order to lock in that low interest rate. 

If you have any other questions for us, feel free to give us a call or send us a quick email. We look forward to speaking with you!