Sunday, November 22, 2009

JUST WHAT IS IT THAT REAL ESTATE LICENSEES DO?? Part I.

This is a great article from Lenn Harley
Via Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate:
JUST WHAT IS IT THAT REAL ESTATE LICENSEES DO??  Part I.
"YOUR MISSION, SHOULD YOU CHOOSE TO ACCEPT IT . . . "  is to manage the orderly transfer of real property from a seller to a buyer.  The average consumer doesn't understand a fraction of what we do to help them accomplish their goal.
Home for SaleSELLERS.  Home sellers are presented a simple-to-complex marketing plan by listing agents prior to listing the property for sale.  The listing agent promises to perform a series of showing, advertising activities geared to receiving contract offers.
BUYERS.  Buyers are assisted in their home search by agent(s) who helps to locate, tour properties for sale, write and negotiate the contract and arranging for settlement services. 
Sounds easy doesn't it?  Actually it is, in the hands of experienced listing and buyers agents and if nothing unusual occurs.

THE MOST HELPFUL AND LEAST UNDERSTOOD PART OF LISTING AND SELLING REAL PROPERTY is the complex and institutionalized systems which include the brokerages employing the licensed agents and brokers, the Multiple List Systems that make the homes for sale information available to licensees and now to the public, the board approved forms that provide consumer protections,  
Achieving the consumer's goal of selling or buying real property requires the services of a variety of service providers in addition to the real estate licensee.  Achieving the orderly transfer of real property from a seller to a buyer requires services of vendors that perform critical tasks to help the consumer achieve their goal.  The vendors include but are not limited to:  mortgage providers, home inspectors, termite/radon inspectors, appraisers, title services which include or are managed by attorneys.
WOW!  How do we keep up with all of these tasks that are necessary to get to the settlement table?  I'm going to disclose a secret that will help many consumers understand how things can go so smoothly and the consumer's goal of selling and buying real estate is achieved.
IT'S ALL IN THE CONTRACT!
That's right.  IT'S ALL IN THE CONTRACT!
Getting to the settlement table begins with the selection of an experienced listing or buyer's agent who will MANAGE THE CONTRACT OF SALE.   To demonstrate the importance of understanding contract management, below are the titles included in a typical Contract of Sale.
  • Description of Real Property
  • Price and Financing
  • Deed of Trust
  • Deposit
  • Down Payment
  • Settlement
  • Equipment, Maintenance and Condition
  • Utilities
  • Personal Property and Fixtures
  • Financing Terms
  • Appraisal
  • Purchasers Representations
  • Access to Property
  • Termite Inspection
  • Repairs
  • Damage and LossContract of Sale
  • Title
  • Possession Date
  • Fees
  • Broker's Fee
  • Adjustments
  • Attorney's Fees
  • Performance
  • Default
  • Assignability
  • Definitions
  • Void Contract
  • Warranty
Listing agents and Buyers agents must not only understand the meaning and execution of each of these titles, they should help the seller or buyer understand the meaning of all parts of the contract that apply to their particular transaction.
Next:  What Real Estate Licensees Do Not Do.
Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.

Thursday, November 12, 2009

Termite Treatment for $399...Realtor Special From ValuePest


Termite Treatment for $399...Realtor Special From ValuePest.

Clients of mine Anthony and Stacy Leggio have a business called ValuePest.com and they are offering Realtors a whole house termite treatment for just $399! Plus they will do a full year of quarterly pest control for your personal home for free.
ValuePest.com
They also are offering WDIR inspections and reports for $50 which includes a renewable termite warranty.
Anthony came out to my house (clear) and while he was here he showed me some pictures of what termites can do to a home.....staggering!
Not an older home as most people would think but a home that was only a couple of years old and I will do another post and share those photos with you, he also told me about the billions and billions of dollars worth of damage done by termites in the USA.
ValuePest.com
Anthony works in the Greater Raleigh Areaso give them a call if you need an inspection done or you are trying to sell a house with termite damage.
1-866-366-8683
ValuePest.com

What's So Great About Raleigh And The Triangle Anyway?

What's So Great About Raleigh And The Triangle Anyway?
OK well let's start with the weather...It's great, we have a mild winter, then spring arrives in the nick of time, a short summer (sometimes), and beautiful fall days and Raleigh St.Patricks Day Paradeevenings. Wyndfall









Rare Snow                                                                            St.Patrick's Day  March 17th (T-Shirts!)

Fall festival
Archer Lodge 4th July
   Fourth Of July, Archer Lodge                                                      Fall Festival, Reins from Above
 Here are a few other reasons.
#10 Best Schools in The Most Affordable Zip Code (Clayton NC).....BusinessWeek September 2009
#3 Best Place To Launch A Small Business (Raleigh NC).......Fortune Small Business September 2009
#1 Best Place To Live In The US (Raleigh NC).........MSNBC June 2008
#2 Best Place To Live Work & Play (Raleigh NC).......Kiplinger's July 2008
#5 Best Medium Sized City For Families with Children (Raleigh NC) ....... Who's Your City? May 2008
#1 Best Place for Young Adults (Raleigh NC)....... Biz journals May 2008
Top 15 Place for Cultured Retirement (Raleigh NC)......Smithsonian.com April 2008
#5 Recession Proof City (Raleigh NC).......Forbes.com April 2008
#2 Best Place to Buy Foreclosed Homes (Raleigh NC).....Forbes.com March 2008
#4 Major Market in The South (Raleigh-Cary)
#3 Most Romantic City for Baby Boomers (The Triangle).....Sperlings Best Places March 2008
So what do you think?  Not too shabby?

Tuscany Subdivision in Clayton NC, Homes From The $160's To The $220's


Tuscany Subdivision in Clayton NC, Homes From The $160's To The $220'sTuscany, Clayton 27527
Tuscany is a beautiful development on Highway 42 East in Clayton NC. It Will have about 146 single family homes in The Meadows at Tuscany and a further 26 at The Reserve at Tuscany.
The homes in the Meadows will feature seven different floor plans ranging from 1,890 to over 2750 square feet.
The Reserve will feature five unique floor plans ranging in size from 2,550 to over 3,100 square feet.The prices at the Reserve will be from the $220's to the $250's.
Tuscany is set amongst rolling hills and forests, it will feature a community clubhouse and recreation center, which will include a junior Olympic pool, children's splash pool and a playground.
Tuscany, Clayton 27527


The Builder at Tuscany is ForeverHome and here are some of the great homes at fantastic pricing. How about The Nichols B a 2750sq ft 5 bedroom 3 bath home for a base price of $194,900 or The Adams B  2275 sq ft 4 bedrooms 2.5 baths for a base price of $180,900 or The Devonshire A 1893 sq ft 3 bedroom 2.5 bath for a base price of $165,900.






The Development is situated in Clayton Zip code 27527 just recently named in the top ten zip codes in the Tuscany Clayton 27527country for best schools with most affordable housing by BusinessWeek. The area is well situated for commuting to Raleigh, Smithfield, and with new highways just built, better access to Research Triangle Park, Interstate I95, and of course the beautiful beaches of The Carolina Coast are a short two and a half hour drive.
Tuscany, Clayton 27527













Tuscany, Clayton 27527
Johnston County Schools have some of the best schools in the state and homes purchased in the county currently qualify for 100% financing.The county features some of the better housing values in the area with larger lots and much more house than neighboring counties.
If you would like any more information about Tuscany or any other subdivisions in the Triangle please give me a call at (919) 601-2268 or shoot me an email.

Thursday, October 8, 2009

Clayton Zip Code 27527 Named In Top Ten By BusinessWeek

Clayton Zip Code 27527 Named In Top Ten By BusinessWeek



Clayton, North Carolina specifically the zip code 27527 was named number # 10 by BusinessWeek for having the best schools in the most affordable zip code in the whole country.




The piece mentioned Riverwood Elementary and Middle and also East Clayton Elementary. I would like to add River Dell Elementary where our two boys go and we have been very pleased with their teachers.


The 27527 zip code is east of Clayton just over the Wake County line, and has great access to highways that can have you in North Hills in 25 minutes or Raleigh-Durham International Airport in 35 minutes. Downtown Raleigh and Research Triangle Park are also close by.



The area has homes in all price ranges and subdivisions offering all the amenities, like pool and fitness clubs to small subdivisions with large wooded lots.



This was and still has a large farming community and most of the subdivisions are still bordered by fields of tobacco, soy beans and sweet potatoes. There are a number of homes where people have land for their horses. The growth in Clayton while slower recently has provided for easy access to multiply shopping choices, and the Smithfield Outlet Mall is 20 minutes away.



There are two Golf courses, The Neuse and Riverwood, the subdivision Glen Laurel wraps around The Neuse and is one of the premier neighborhoods in Clayton. Another great Subdivision is Southwick Farm which features rolling hills and large wooded lots. North Fort is a smaller subdivision which features all brick custom homes and Riverwood which has both schools in the subdivision along with a pool and fitness center.





Flowers Plantation is a beautiful planned community which features miles of walking trails, magnificent fitness center, and a planned shopping center, there are townhomes all the way up to estate homes in Flowers.



There are smaller subdivisions like Wyndfall many feature large wooded lots and for the horse lover,the magnificent Portofino which has an equestrian center and riding trails on acres and acres of land along the Neuse River. The Mountains to Sea Trail meanders through Portofino on it's way to the ocean.

If you would like any information about any of these communities or schools please don't hesitate to call and I would be happy to get it for you.



Riverwood Athletic Club in Clayton NC

Riverwood Athletic Club Subdivision in Clayton NC is one of the larger subdivisions in Clayton. It is located about ten minutes from downtown. It is a planned community in that it has an elementary and middle school, shops, fitness center, swimming pool,creative learning center all within the subdivision.





The community has multiple housing options from townhomes to estate waterfront homes. Prices start at just over $100,000 and go up to $500,000. There is a full fitness center in Riverwood with a very active swim club. There is a sister subdivision called Riverwood Golf which is about ten minutes away and this golf course is available for members of the athletic club.



Riverwood is in Clayton's 27527 zip code which was just voted in the top ten in the country for having the best schools with the most affordable housing by BusinessWeek magazine. Riverwood Elementary and Riverwood Middle both relativly new schools are within walking distance for anyone living in Riverwood.



Riverwood is located with easy access to the Hyw 64 Bypass which provides access to major routes into Raleigh, Research Triangle Park and Raleigh Durham International Airport.


Mountains To Sea Trail in Clayton NC.

Mountains To Sea Trail in Clayton NC.


The Mountains to Sea Trail is a 1,000 mile route that links Clingman's Dome in The Great Smoky Mountains National Park to Jockey's Ridge Park On the Outer Banks,(love the names). Currently there are 450 miles of trails open.


                                 Map courtesy of Friends of the Mountain to Sea Trail




When completed the trail will pass through 37 counties and could be used for a daily stroll or a more adventurous hike from one end of the state to the other.

The NC Department of Transportation and the town of Clayton want to build a 3.5 stretch of green way from the Wake County line to Sam's Branch Creek.

Clayton is planning a green way in the Sam's Branch area that the trail would connect to. The Mountain to Sea Trail would follow the Neuse River through Clayton.

The Mountains to Sea Trail passes through three National Parks, Great Smoky Mountain Park, Blue Ridge Parkway and Cape Hatteras National Shoreline. It passes through State Parks along the way and National forests and two wilderness areas.

There are rivers, lakes and mountains along the way and a great organization called Friends of the Mountains to Sea Trail have tons of information about it on their website here.

This is something we should all rally behind as the more people who see the natural beauty right on their doorstep the better chance we have to preserve it.

Glen Laurel Subdivision, Clayton North Carolina

Glen Laurel Subdivision, Clayton North Carolina



Glen Laurel is one of the premier neighborhoods in Johnston County if not the Triangle. It is comprised of over 650 acres of rolling hills large wooded lots,miles of sidewalks and river walks along the Neuse river, all wrapped around the award winning Neuse Golf Club.



Glen Laurel is in the town of Clayton, convenient to schools, shopping and a mere two and a half hours from the beach. It is approximately twenty five minutes from Raleigh and fifteen minutes from I95.

The New Construction home builders are all building custom homes, currently priced from the upper $200's to the mid $400's.




Along with the golf course, there is a pool and racquet club available.Local schools are nearby



Home prices start in the low $200's and go up to the High $500's and above. There are multiple styles of homes to choose from, both resales and new construction.

Wake County Real Estate Market Update August 2009
In August 2009 there were 1,965 new listings down from 2,526 in 2008 a drop of 22.2 %. Closed sales were 1,104 in 09 down from 1,235 in 08.


The median sales price was down from August 2008 figure of $220,000 to $200,295, while the average sales price went from $275,005 in 2008 to $246,692 in 2009. Average sales price in August 2009 was $246,692.
Average Days on market was 96 up from 78 in 2008
Inventory of homes for sale was 8,784 down from 9,729 in 2008


Sales price does not account for seller concessions.

New Home Construction in Johnston County with No Money Down and Payments under $1,000!

New Home Construction in Johnston County with No Money Down and Payments under $1,000!
There are new homes in most areas of Johnston County that are available with no money down through the USDA program and with interest rates as low as they are, your payments can be under $1,000.
These are some of the available homes and as you can see, these are great three bedroom, 2 bath homes some with two car garages on large lots.


So if you are renting and you need to keep your payment under $1,000, if you want to find out out if you can qualify, give me a call and I will provide you with mortgage resources to get you started. Certain credit restrictions do apply.
If you are a first time home buyer you must act quickly to avail of the $8,000 tax credit available for first time home buyers. The tax credit is set to expire November 30Th and you must have closed on your house by then. The loan process can take sixty days or more so time is running out.
Just imagine a new house, low payments and $8,000 in cash.

Johnston County Home Sales By Price Point.

Johnston County North Carolina Home Sales By Price Point.

This is a year to date August 2009 market update on homes sold in Johnston County North Carolina by price point.

Price Point 0-$149,900 had 599 sales
Price Point $150,000- $199,900 had 319 sales
Price Point $200-$299,900 had sales of 258 sales
Price Point of $300-$399,900 had 67 sales
Price Point of $400-$599,900 had 19 sales
Price Point of $600-$799,900 had 2 sales

Tuesday, October 6, 2009

Tuesday, September 29, 2009

Downtown Raleigh, North Carolina on a Fall Sunday Morning

Raleigh North Carolina on a Fall Sunday Morning.






This is North Carolina State University's campus on a recent Sunday where my wife and I go and have coffee. It's beautiful and there are days when we won't see another soul for an hour. I imagine it has something to do with a football game the day before and possible a beer or two.





Also on Sunday Raleigh was the venue for SPARKcon SPARKcon is a showcase of creativity,talent and ideas of "the creative hub of the south," the Triangle NC.




There was some great chalk pavement drawings on Fayetteville Street, music, poetry readings and ...
this guy.



More about him later!

Johnston County Real Estate Market Update August 2009

Johnston County Real Estate Market Update August 2009.


Well,the numbers for August are probably not what anyone was looking forward too. There were 347 new listings down from 477 in 2008. That is a drop of 27.3%! Closed sales for August were 171 down from 199 in 2008 a 14.1% drop. Average days on market went from 104 in August 2008 to 120 in 2009 an increase of 15.5%



The median sales price went from $164,950 in August 2008 to $154,000 in August 2009. Average sales price went from $186,612 to $169,711 a drop of 9.1%





Inventory of homes for sale was 2074 in August of 2008 and 1642 in August of 2009, percent of original list price received at sale was 97.4 % (this figure does not account for seller concessions).

Johnston County Parade Of Homes Realtor Tour 2009 Part 2

Johnston County 2009 Parade Of Homes Realtor Tour Part 2


OK we then arrived at 500 Avocet Lane in Broadmoor Subdivision, this is in the Cleveland area. This is a custom built four bed three and a half bath home with approx 3226 sq ft. The home is an all brick house and is currently listed for $424,900.
A downstairs master and a luxurious master suite are just some of the features in this house and how about a faucet in the shower for shaving...guess what guys...it's not for us!!





Hardwood floors, granite counter tops,stone fireplace are just some of the many features in this house. Irrigation system for the lawn.




Another home in Broadmoor was 126 Balmoral Street, a 3460 sq ft three bed, three and a half bath custom brick home. Semi circular driveway leads to extensive hardwood and tile floors, granite counter tops.





Next stop was Cleveland Springs Subdivision where Terramore Homes are building 16 Crest Circle a 2151 sq ft four bed, two and a half bath. There is an additional unfinished walk up third floor of approx 578 sq ft. Currently listed for $199,999

There is also a pool and playground in this community .



Terramor Homes is also building a townhome section and they have a 1574 sq ft two bed two bath open floorplan available. Granite counter tops and ceramic tile in the kitchen. Currently listed for $160,684

Four Hundred more jobs coming to the Triangle of North Carolina.



Four Hundred more jobs coming to the Triangle of North Carolina!



Computer maker EMC Corp. the maker of data storage computers, plans to add almost 400 high paying jobs to to its operations.
EMC which has an existing research facility in Research Triangle Park, and a manufacturing plant in Apex, will build a $280 million data center in Durham.
Of the approx 397 jobs 292 will be at the data center in Durham and will pay average annual salaries of $73,325. The Triangle is home to a large skilled work force, cheap electricity, affordable homes, good transportation and good schools.
Katharine Neal spokeswoman for the N.C. department of Commerce said the department has been getting more calls from companies interested in new economic development projects that had been delayed because of the down economy.
These jobs come on the heels of Deutsche Bank's announcement that it would be creating 300 jobs in Cary. Highly skilled technology jobs paying average salaries of approx $88,000.



Research Triangle Parkis a 7000 acre park that is home to over 170 companies who employ over 42000 knowledge workers and 10,000 contract workers. RTP is home to a wide range of companies, from Fortune 100 multinational research and development operations to university spin-offs and start up operations.
The Triangle is an area comprising the cities of Raleigh, Durham, Chapel Hill but has expanded to include many more towns like Cary and Clayton, Apex and Wake Forest, Fuquay-Varina and Holly Springs.

Friday, September 18, 2009

Johnston County Parade of Homes Realtor Tour 2009 Part 1




Johnston County 2009 Parade Of Homes Realtor Tour, aka, Parade Of WOW!

Yep it's that time again, Fall is fast approaching and builders are eager to showcase the hard work they've been doing all summer. The Parade of Homes in Johnston County North Carolina is amazing because you get to see beautiful homes in great subdivisions, all while being driven around in a van full of Realtors!
I am always struck by how much of Johnston County is still beautiful farmland filled with soybeans,sweet potatoes, tobacco, lots of horse farms and old barns. Yet there amongst all that, is new schools, highways, bypasses, shopping centers, and subdivisions. Of course this year was a tad smaller than previous years, I enjoyed it more, you had more time to spend at each house and discuss with the Realtors the pros and cons of the homes.





We started at 209 Gardner Lake Drive in Willow Spring, a beautiful three bedroom, two and a half bath, 2900 sq ft home in Gardner Lake subdivision. Beautiful Hardwood floors downstairs and an amazing bonus room upstairs very unique! It is listed at $309,950.


From there we moved on to Millstone Ridge where we saw an all brick ranch with four beds two baths and 1675 sq ft.This house is priced at $191,354




We moved on to 61 Carriage Creek Drive Unit in Smithfield a three bed, two bath 2031 sq ft home. A Darryl D. Evans Inc. home comes with Stainless Steel Appliances The sweet thing with this house is the 1090 sq ft of unfinished space with the sheet rock in place ready to be installed at your leisure.







If you would like to get any information about any of the homes on the tour give me a call.


Disclaimer: The opinions expressed in this blog are the opinions of the writer, the information in the blog is time sensitive and may not reflect the current situation. The writer has no control over certain posts by other readers and they do not always reflect the opinion of the writer