Under Contract & House Has Been Damaged; Now What?

There’s an old adage He Who Has the Gold Makes the Rules aka ‘ The Other Golden Rule’. Nothing could be further from the truth in this scenario so the best answer here is ‘It depends’.

Southgate Subdivision – Market Update

August 2018 (Garner, NC 27529) Southgate in Garner is a mature large lot subdivision in S. Garner in Johnston county made of up primarily of starter homes which were built in the late 1990’s. Although there are a few larger homes, the average size of the nearly 200 homes are 1330 square feet in a…

Hurricane Preparedness Tips for Homeowners

Hurricanes can be dangerous, listening to the hurricane warning messages and planning ahead can reduce the chances of injury or major property damage. BEFORE A HURRICANE * Know your Emergency Shelters Contact the National Disaster Office for the closest shelters. * Have disaster supplies on hand Flashlight and extra batteries Portable, battery-operated radio and extra…

Wake County Foreclosure Rising to Pre-Crisis Levels

With real estate prices on the rise across Wake County and the region of the Research Triangle of Raleigh-Cary-Durham, mortgage lenders and banks that have been carrying so-called ‘shadow inventory’ since the end of the Great Recession have ramped up their foreclosures. What is the Shadow Foreclosure Inventory? Shadow foreclosure Inventory is defined as the…

Winston Pointe, Clayton NC (27520) Market Snapshot August 2018

Winston Pointe in Clayton is another interesting neighborhood in Johnston County. Like Creekside in Garner, new construction is the primary market influence in yours. However, unlike in Creekside, your neighborhood is more established with homes dating to 2005 vintage thus there has been quite a few resales in the past 12 months.  It’s not surprising…

The cost of buying a home is rising three times faster than the cost to rent

This was today’s top story in my real estate news feed from Marketwatch.com ‘The monthly cost of buying a home – which includes mortgage payments, taxes and insurance – jumped 14% between July 2017 and July 2018, according to a report released Thursday by Realtor.com. Comparatively, it only became 4% more expensive to rent a…

FAQ – Can I use income from marijuana sales to qualify for a mortgage?

Mortgage Underwriters’ hands are tied in using income from something the Federal Government considers illegal. Yet new regulations from DC require that lenders verify and borrowers ability to pay before giving them a mortgage. For example, Washington State had nearly $212 million in marijuana sales in the second quarter of 2016, approaching the $249 million…