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CrazyViv
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New Commandments for Real Estate
In the past couple of years, the rules for real estate have changed. Here are four new “commands” to keep you on the straight and narrow. I. Thou shalt not sell. If you don’t have to sell – don’t. If it’s already on the market, and hasn’t sold, rent it. Wait until 2012 to list your home with me. II. If you need to buy – go for it. It’s a great time because... [Read more]
Catch the Sun in this Pittsboro Home
This whole home is just perfect for a family. A sun filled living area spills over to an open kitchen plan with a large breakfast room. There’s a home office, a 450 square foot bonus (home theater!) room, a fireplace and a formal dining area. Spacious bedrooms with amazing storage are throughout the home. For privacy and convenience, the the master bedroom is on the first floor. Your family... [Read more]
The Best Home Show in Town!
It’s no secret that I love great architecture, and I love touring homes. One of my favorite home tours is coming up this weekend – American Institute of Architects (AIA) Triangle Tour of Residential Architecture. This year, there are two Chapel Hill homes included in the six on the tour! You’ll see the best of architects’ renovations, condominiums, existing home additions, new... [Read more]
Bullish for Durham
A Great Home for Sale in Durham I’m getting calls from Oregon and Texas because of my Durham listings. Recent articles in CNN Money and US News list Durham as one of the 100 best places to live and one of the best 25 places in which to retire. The secret has escaped! Is it the appeal of Duke University and the biotech job market? Golf courses like Pinehurst? Reasonable living expenses? I don’t... [Read more]
How to Plant for a Drought
With the current drought conditions, keeping your landscaping beautiful can be a daunting task. Before you begin planting, keep in mind that some plants and flowers can thrive in a dry environment. Designing your yard with decorative mulch and stones shaped and defined by borders is another option. This requires NO watering. Tall grasses, those that grow 4-6 ft high also require almost no water and... [Read more]
Cash Out Refinance
As you know, I own some rental properties, and there are some upgrades and additions I really wanted to do – which means I need cash. So I’m refinancing my own house to raise the capital. The low interest rates – we’re about to finance at 4.3% – means we can take out $40K with no real difference in our mortgage payment! If you have equity in your home, you could consider... [Read more]
Luxury Residences Being Auctioned – As Low as 60K!
I want you to know about a golden investment opportunity in Durham, NC real estate. Sheldon Good & Company will hold an absolute real estate auction of 34 luxury residences in The Landing at Southpoint. Check out the brochure detailing the auction. Ten of the 34 luxury residences definitely will be sold, regardless of price, making this a remarkable opportunity for owner occupants or investors.... [Read more]
This Month I Started a War…And Made Two People Happy
This month I started a war – and made two people very happy. Here’s the story. One of my clients – I’ll call her Amy – wanted to purchase a lower cost townhome in Chapel Hill near UNC, where she worked. She was prequalified for a $102K loan. We found a townhome complex with twelve units for sale. They ranged in price from $109k to $130k, out of my clients price range. But I did some... [Read more]
That Vacant Look
It happens more and more. People buy a house in one community before they sell one where they’ve lived before. Or an aging parent is moved into a condominium, and the large family house is left standing vacant. If you presume your vacant house is still insured, you might want to check your policy again. Some policies stop coverage after a house is unoccupied over 30 days. Others have a clause... [Read more]
A Tale of Two Homeowners: Should You Sell Your Home or Rent It?
The Tale of Two HomeownersOnce upon a time, Family A needed to move out of their house and move to a neighboring town across the river. Of course they needed to sell the house they were living in. How else could they produce a substantial down payment? Just over the hill and down the lane lived Family B that also needed to move out of their house to buy a home in a town that was just under an hour’s... [Read more]
