Real Estate Market Update – January 2019

 

About Log Pond Realty

Home is where your story begins. Home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story.

We can be reached via phone at 919.589.3576 or via email at inquiries@logpondrealty.com 

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

New Year’s Resolutions for Home Sellers

Happy New Year!  With the New Year, it is time to dust off the old year and make plans for the coming year.  Maybe you want to exercise more, read more or spend more time with friends and family?

If selling a home is one of your New Year’s resolutions, here are some quick tips:  

Resolutions for Home Sellers

Thinking about selling your home this year or in the future?  Regardless of the season or market conditions, remember that you only have one chance to make a first impression.  Make your home memorable to potential buyers.  Before listing your home, commit to these quick Home Seller New Year’s Resolutions to help ensure the quickest sale for the highest price.

Home Seller Resolution #1:  Plan Ahead

Do you truly want to sell your home? This is not the time to “see what happens” or “I’ll list it to see if it sells.” This wastes your time and the time of potential buyers and agents.  The 2019 housing market here in the Triangle is likely to become harder for home sellers.  Buyer demand has slowed and there is lots of competition, especially from new home communities.

Once you commit to selling your home, go all the way.  Remember, you only get one chance to make a first impression and most home buyers decide whether or not to schedule a showing in the first 10 seconds while viewing pictures online!

Selling your home is a BIG deal and it takes lots of planning.  You need a team of experts including; real estate agent, contractors to assist with possible home repairs, movers, etc.  This is especially true if you are planning to buy a home at the same time.

Resolution:  Plan Ahead!  Contact a real estate professional early on to discuss your options and to commit to selling your home!

Planning Ahead is Key

Home Seller Resolution #2:  Repair & Replace

Stained carpet in the bonus room?  Leaky faucet in the kid’s bathroom?  Wallpaper in the living room?

Today’s buyers are, for the most part, looking for move-in ready homes. They do not want to dedicate all of their free time and funds to work on the house they live in.  All of those deferred maintenance projects should be addressed.  They will come up on the buyers home inspection.

Also, if your house is still living in the 1980s, it might be time for an upgrade.  There are many simple fixes; e.g. updated paint, lighting, and fixtures that will make your home more attractive to potential buyers.

Resolution:  Repair any deferred maintenance items and bring you home into 2019.

Home Buyers Want Move In Ready

Home Seller Resolution #3:  Cut the Clutter

Boxes piled high in the garage?  Can’t see the floor in the bonus room?  Afraid to open the hall closet door?

A cluttered house can suggest a lack of space, which can impact offers.  Potential buyers want to envision their furniture in your home.  Depending on lifestyle and length of time in the home, cleaning out the clutter can be a BIG project.

Take it step by step, room by room!  Be honest about what you need, want and what you can live without.  The bonus?  You won’t have to pack, move and clutter your new home with stuff you don’t want.

Lastly, when it’s time to list your home, stage it to show in the best possible light.  Your real estate agent may offer home staging as part of their suite of services to take your home to the next level.

Resolution:  Get rid of unwanted items in closets, the garage, and other rooms.

Home Staging is Key

Wrapping Up

Whether you are thinking about buying a home, selling a home or both in 2019, now is the time to commit to your resolutions.  By starting now, 2019 may be the year that you find your self in a new home!

If buying or selling a home is a goal for you next year, please don’t hesitate to contact us.

Whatever your plans are for 2019, we hope you have a very happy and prosperous New Year!

 

About Log Pond Realty 

Home is where your story begins. Home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

New Year’s Resolutions for Home Buyers

A new year brings much excitement and anticipation, but could 2019 be the year for a new home?  Here are some quick New Year’s Resolutions to help you buy a home in 2019.

Resolution #1:  Boost Your Savings

Instead of just thinking about saving, why not start the new year off right with a resolution to jump-start your savings and start putting away more for your down payment on your first home?

If you’re worried that the traditional 20% down payment may be too difficult to save in a year, there may be additional mortgage options that don’t require that amount.

Resolution:  Ditch the daily Starbucks run and boost your savings!

Resolution #2:  Check Your Credit

Have you checked your credit report? If not, you should do that right away. Many credit reports contain errors and you will need time to have those mistakes removed.

Your credit score is a very important variable that lenders consider when deciding on your mortgage loan. To make sure you get the best possible rates, it is never too early to start improving your credit!

Resolution:  Check your credit score!

Resolution #3:  Pay Down Your Debt

Your debt-to-income ratio is an important factor for lenders. To help you achieve a favorable rate, focus on paying down your existing debt as much as possible. This new year commit to paying more toward credit card debt, student loans, medical debt, and other debt streams. With fewer dollars owed, you will be in a better position to afford a mortgage once you buy a home!

Resolution:  Brown bag your lunch and put the savings toward your debt.

Resolution #4:  Start Building Your Home Purchase Team

Buying a home on your own is no easy task, which is why most home buyers opt to utilize the talents of many professionals along the way. The new year is the perfect time to start thinking about building the home buying dream team that can help you find your home and pay for it too!

Your team should include an experienced real estate agent that can guide you through the process and a licensed loan officer that can assist you with all of the intricacies of the mortgage process.  Your real estate agent can also assist you with home inspectors, general contractors and a real estate attorney that can assist with repair negotiations and with your home closing.

Resolution:  Commit to finding an experienced real estate agent and lender that can guide you to finding your new home!

Wrapping Up

If you are planning to buy a home in 2019, now is the time to commit to your home purchase!  With a few simple resolutions, you could be living in your dream home this year!

We hope you have a very happy and prosperous New Year!

About Log Pond Realty 

Home is where your story begins. Home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Getting Smart About Real Estate – Why You Need a Buyers Agent for New Home Construction

Thinking About New Home Construction?

Anyone that has driven around the Raleigh-Durham area has seen a large number of new home construction projects.  They are everywhere!

If you are thinking about buying a new home, new home construction is a great way to go.  You can select your options, be the first to live in a home, enjoy the “new home smell”.  It all seems so easy.  You meet with a nice salesperson, you pick your lot, you pick your colors and your elevation and you are on your way!

But hold on…!!!  New home construction is not that easy! 

There are lots of things that can go wrong!  Here at Log Pond Realty, we have worked with many buyers looking at new home construction and we know that things can go sideways fast.

In this segment of Getting Smart About Real Estate, we will highlight some of the reasons why you need a buyers agent for new construction!

About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

June Real Estate Stats for Triangle Region

June is typically the busiest month in real estate across the Triangle and for Kelly and I, the month of June was no exception.

June Stats – Triangle Real Estate Market

Typically, June is the month where we see more listings, and more prospective buyers are looking at houses.  That was not the case this June.  Showings were down 17% and listings were down 8% compared to 2017.  It appears that the consistent lack of inventory; combined with the rise in sales prices, up 5% from 2017, are keeping prospective buyers on the sidelines.

June Quick Stats

While fewer people are looking, those buyers that are looking at houses are buying and the prices that they are paying continues to increase.

Downtown Apex

Pending home sales increased by 4%.  Home prices, both new home, and resale increased past the $300,000 mark for the 1st time ever.  Average new home prices increased to $325,000, while resale prices increased to $308,000.

See market statistics here.

July and August are generally slower for the real estate market as the summer vacation season ramps up.

About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories made, and lives lived. We would love the opportunity to assist you with assisting you to write your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

 

New Home Community Focus: Bentwind Bluffs by Massengill Builders

Week 5 of our new home series!  This week, we are staying in Fuquay-Varina and are visiting Bentwind Bluffs by Massengill Design Build, an Accomplished Second Generation Local Award Winning Home Builder.

All Brick Ranch Home

This community, priced from the mid $300’s features all-brick ranch style homes with two and three car garages or optional golf cart garage.  These homes are great!  While ar Bentwind Bluffs, we had an opportunity to tour the model home and two of their under-construction homes.  A couple of really cool features were the large-flat lots, available screened in porches and patios.  Kelly and I enjoyed soaking up some sun in the backyard.

In addition to meeting with the on-site agent, Nikki Hicks, we also had an opportunity to meet with the president of Massengill, Blake Massengill.  In one of the attached videos, Blake talks about some of the things that differentiate custom builders, like himself, from production builders.

I definitely should have brought my golf clubs for this visit because this community is adjacent to Bentwind Bluffs Golf Course!  Best of all, golf carts are allowed in the community and there is direct access to the course.  Optional Memberships are available through Bentwinds Golf and Country Club which offers Golf, Racquet, Swim, Dining and Social Memberships. For information on the Bentwinds Golf and Country Club please visit their site, website.

For information on Bentwind Bluffs, you can visit their website.

For questions on this community or other new home communities, you can message us here on our website.

About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

 

 

Triangle Real Estate Market Summary: Market Rebound in October

October Market Summary – Wake County General Brokerage
New Home Community in Apex, NC

After the September real estate numbers were posted, many that follow the local real estate market feared a possible slow down ahead. The October numbers were generally robust.

While the number of showings was down 18% and overall inventory was down 2%; including a 13% decrease in resale inventory, the # of new construction homes increased by 16%.  The ability of residential home builders to rebound from the downturn of the mid-2000’s is a key element of a continued growth of the local real estate market.

Over the past few weeks, Kelly and I have been visiting many new home communities across the Triangle.  Many of the communities, especially those in the $350k – $500k price range, have identified that they have been busy with potential buyers viewing their communities.

As we enter the holiday season; one that is traditionally a slow period for home sales, it will be interesting to see if the market continues to enjoy growth.

Market Report Wake County October 2017
About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story.

We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.

We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

Fuquay-Varina: Come for a day or stay for a lifetime

When I first moved to the Raleigh area, someone suggested that we have

lunch at a restaurant in “Few Quay” or was is “Phew-Kay”? With a correct pronunciation of /ˈfjuːkweɪ vəˈriːnə/, (thanks, Wikipedia). Fuquay-Varina or Fuquay for short, located just 15 minutes south of Raleigh, has flourished into a vibrant, family-friendly community. Its population has doubled in the past 10 years to over 25,000 citizens making it one of the fastest growing towns in North Carolina!

Downtown Fuquay-Varina

 

Originally, visitors from near and far traveled to the quaint town that is today called Fuquay-Varina seeking the healing powers of the Fuquay Mineral Spring. With 2 beautiful downtown districts, an abundance of charm, a rich history and plenty to see and do, Fuquay-Varina offers a dash more to those seeking an adventure. AAward-winning breweries, a thriving art scene, authentic festivals, entertaining outdoor concerts, exceptional shopping and dining that is more fun than formal – you’ll find it in Fuquay-Varina!

The Story of Fuquay-Varina
Fuquay-Varina, first known as “Piney Woods,” acquired her unusual names from the fates of history. Among the early land grant

Downtown Fuquay-Varina

families were the Burts, Joneses, and Rowlands, but it was a French veteran of the Revolutionary War named William Fuquay who moved his family to the exact site, purchasing 1000 acres of Jones Land in 1805.

 

While plowing a field, circa 1858, William’s son Stephen or grandson David Crockett uncovered a mineral spring. “Taking the waters” became an attraction for people with all types of physical ailments, leading to the annual celebrations at the spring on Easter Monday and the Fourth of July. Conveniently, the early timber rail provided a ready means of transportation while hotels, catering to long-term visitors, surrounded the spring.
Varina
During the “War for Southern Independence,” a young soldier named

Ballentine, born just south of the spring, received morale-boosting letters signed with the pen name “Varina.” He later looked up the Fayetteville lady, married her and brought her to live at his homeplace. Continuing to call her Varina, he named his post office and

Balloon Festival Memorial Day Weekend

mercantile establishment across from the mineral spring for her. When two timber rail lines crossed nearby, “Varina Station” was born.

 

In the early 1900’s tobacco farmers, fleeing the Granville wilt devastating their crops, began migrating into Southern Wake County. Their “golden weed” fostered a large commercial tobacco market. Railroads flourished and traffic flowed along Main Street in Fuquay Springs and around the Broad Street station, now known simply as Varina.

Fuquay-Varina

Splash Pad

Fuquay Springs, incorporated in 1909, joined the neighboring community of Varina in 1963 as 1 municipality. Since that time, Fuquay-Varina has become one of the fastest growing small towns in North Carolina. The town with the hyphenated name and 2 historic districts has been able to successfully retain its small-town charm while successfully adding modern amenities and rewarding business opportunities that have attracted residents from all over the United States.

Links

Official Town Website

Fuquay-Varina Chamber of Commerce

Downtown Fuquay-Varina

Fuquay-Varina Arts Council

Fuquay-Varina Town Hall

Information provided by Fuquay-Varina Historical Society


About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story.
We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.
We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

New Home Community Focus: Sonoma Springs by Royal Oaks

Week 4 or our new home series and we head south to Fuquay-Varina and Sonoma Springs by Royal Oaks.  Fuquay-Varina is a vibrant and growing town in southern Wake County and this community offers many amenities priced from the $280’s.

With floor plans ranging from about 2,000 to over 3,500 square feet, Sonoma Springs will have homes featuring a variety of styles including main floor master bedrooms, first-floor guest suites, three car garages, and more!

Amenities include a community pool, clubhouse, sidewalks and cul de sac lots; this is the perfect neighborhood for your growing family.

For additional information on this Royal Oaks community, stop by their website.

For questions on this community or other new home communities, you can message us here on our website.


About Log Pond Realty @ RE/MAX United

Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story.
We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576.
We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.