If you need assistance, please call 336-269-1581

the Real Estate Blog... Blog

Tuesday, April 30, 2019   /   by Miranda Miller

What Would Make You Sell Your House?

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Reportfrom the National Association of Realtors asked recent home sellers to share their reason for moving.


The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). Relocating for a job was the top reason for those ages 54 to 63 and the second most popular response for those under 53. The chart below shows the breakdown for these two reasons.





For homeowners over the age of 64, wanting to be closer to friends and family served as the top motivator to move. Downsizing to a smaller home or moving due to retirement came in as a close second and third.





Have you outgrown your current house? Are you a homeowner who can relate to wanting to be closer to family and friends? Is your house becoming a burden to clean now that the kids have moved out?


Bottom Line


Let&r ...

Read More

Friday, April 26, 2019   /   by Miranda Miller

Foodie Friday

Hey, Foodie Friday Friends!
We are back with some great taste bud teasers, are you a supporter of the farmers’ market here in town? If you are not, you probably will be by the time you reach the end of this blog.
Yesterday, the team got the pleasure of meeting, Dorian West! He and his wife are the cheesemakers in the small, quaint town of Hillsborough, NC. They share the cheese making business as a family. Dorian and Cindy met at UNC, she begin working in restaurants in 1990s. The two actually ventured into Paris, where Cindy earned a Gran Diplomè with honors of Le Cordon Bleu. They moved back to the states and landed a piece of property in Hillsborough adjoining her parent’s land. Dorian accepted a position in the health care industry. Cindy, while working the farm spent some time trying to make fromage like she did in France. This curiosity has made them very successful. 
They have 2 wonderful children, Addison and Anna. Everyone in the West family plays a ...

Read More

Thursday, April 25, 2019   /   by Miranda Miller

Renters Paying Substantially More While Owning Costs Less

In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased.




“CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.”






Why the difference between the costs of renting versus owning?


It makes sense that rents have risen. However, how did mortgage payments decrease? CoreLogic explained:




“It’s mainly because mortgage rates back in December 2005 were significantly higher, averaging 6.3% for a fixed-rate 30-year loan, compared with 4.6% in December 2018. 


The national median sale price in December 2005 – $190,000 – was lower than the $220,305 median in December 2018, but because of higher mortgage rates in 2005 the typical monthly mortgage payment was slightly higher back then & ...

Read More

Wednesday, April 24, 2019   /   by Lisa Flynt Tran

New Study Reveals One Surprising Reason for the Inventory Shortage

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate.
While it is true that millennials have achieved milestones like getting married, having kids, and buying homes later in life than their parents and grandparents did, they are not solely to blame for today’s housing market trends.
Freddie Mac’s Insight Report explored the impact of the Silent and Baby Boomer Generations on the housing market.
If millennials are unable to find a home to buy at a young age like their predecessors, then who is living in those homes?
The answer: Seniors born after 1931 are staying in their homes longer than previous generations, instead choosing to “age in place.”
Fredd ...

Read More

Friday, April 12, 2019   /   by Julie Paschal

What to Consider When Choosing Your Home To Retire In

What to Consider When Choosing Your Home To Retire In


As more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.
According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.
1. Affordability

“It may be easy enough to purchase your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities – all the things that will be due whether or not you have a mortgage on the property.”

Would moving to a complex with homeowner association fees actually be cheaper than having to hire all the contractors you would need to maintain y ...

Read More