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.…
Wake County Rehab Project – Day#1 – Demolition
Day#1 – DEMO Today we began the demo. We have had some good news today. We learned the well was in good shape and although one of the pressure tanks was faulty, the other was in good shape and the water tests came back negative. The septic was in good shape and apart from some…
We bought a Wake County farm house (rehab)
“I’m tired of throwing my money away in Rent!” It’s a common complaint that I hear from people contemplating buying their own home. In fact, it’s been a very personal complaint in my home for the past 8 years. My name is Ricardo Cobos and I’m both a realtor and mortgage loan officer in Raleigh,…
5 Zero or Low Down Payment Mortgage Programs
5 Zero or Low Down Payment Mortgage Programs RALEIGH, NC – Buying a home can be one of the most rewarding yet complicated endeavors that an average, person will undergo in their life. However, one of the most difficult things…
Conventional 3% Down Mortgages 27 FAQ’s
Frequently Asked Questions and Answers to the new Conventional 97% Mortgage. Is the Conventional 97 a government-backed mortgage program? Yes, the Conventional 97 mortgage program is backed by the government. It’s offered via Fannie Mae only. The program is not available via Freddie Mac, nor is it available…
How Long do I have to Wait for a Mortgage after Short Sale or Foreclosure?
We’ve all heard the saying that ‘Bad things sometimes happen to good people’. If you have ever owned a home and have experienced both the pride of homeownership and the correlated sentiment of shame for having lost that home in foreclosure, short-sale, deed-in-lieu of foreclosure, or worse bankruptcy when the…
What Should I Expect to Pay in Raleigh-Cary for Rent?
Wages are the number one factor in determining the value of rents which is why until recently New York City had the highest rents. Today you might be surprised to learn that the Williston Herald (North Dakota) reports that Apartment Guide found that a 700-square-foot, one-bedroom apartment in Williston costs an average of $2,394 a…
Three Reasons to Rent in Raleigh-Cary
With all the new jobs being created in Raleigh-Cary with companies such as Red Hat, Citrix and MetLife just to name a few of the bigger names, it’s probably no surprise that there are a lot of people moving to Raleigh and Cary. But not all of these people moving to Raleigh are ready to…
Housing Affordability Declines in Raleigh as Mortgage Rates Rise and Inventory Dwindles
However, here in Raleigh, there’s a different story. According to NAR, the Median Sales Price of Existing Single-Family Homes rose a healthy 2.9% in Q2 2013 from $193,200 during the same quarter last year to $198,800. But the real surprise for me was in Durham which saw a 3.6% overall gain from $198,500 to $205,700 for the quarter ending July 30, 2013.
FHA 203(b) Loans for North Carolina borrowers with 620 Fico Scores
Until recently, getting a loan to purchase a home in Raleigh North Carolina for borrowers with credit scores greater than 620 but less than 640 was nearly impossible. However, because of the improving real estate markets, lenders are beginning to once again to loosen their credit guidelines.