Author: Allen Tate Companies

4 Jan 2011

New Year Brings Big Changes to North Carolina Contract Forms

As excited as I am about starting a New Year, which kicked off with the birthday of Grandmaster Flash and the Tournament of Roses Parade (I tuned in for North Carolina Central University’s Marching Sound Machine), I’m even more excited by the debut of a new Offer to Purchase and Contract form in North Carolina. Created jointly by the North Carolina Association of REALTORS® and the North Carolina Bar Association, the revised Offer to Purchase and Contract (NCAR® Standard Form 2-T, 1/2011) was written to eliminate many of the problem areas that led to contractual disputes between Buyers and Sellers.

3 Jan 2011

Start off the New Year on the Right Foot

I have always preferred simple things. One of my favorite toys as a kid was the Etch-a-Sketch ®, simply because you could easily clear the screen and start over.  The New Year reminds me of this. I get excited about the possibilities of a fresh start and a blank slate.

Whether to be more in shape, more charitable, more organized, more optimistic, or to read more … We make promises to ourselves that we will be better. For some of us that inspiration may only last a few days but for others it may last weeks and even months. I won’t bore you with the resolutions I have committed myself to for this coming year, but as one who finds it somewhat thrilling to organize things, I will offer a few tips to those who would like their home to be more organized in the New Year.

31 Dec 2010

2011: What is Your New Years Resolution?

As sure as a 1200 pound glittering sphere will descend on the Big Apple and a 1250 pound copper and steel “acorn” will drop in Raleigh, 2011 will arrive and compel us to come up with some New Year’s Resolutions. I take my New Year inspiration from James Brown…as nothing beats “Papa’s Got a Brand New Bag” for cleansing one’s palate on an annual basis. Then, I contemplate the top trending resolutions for Raleigh (found here) and pick a few. Why reinvent the wheel?

Now, if I were a 25-34 year old (if only), I’d be including “buy a home” among my 2011 goals. (After all, losing weight, getting a new job, and having clear skin all seem so cliché). Apparently, homeownership is not an unusual quest among that demographic…perhaps strongly encouraged by parents anxious to get the kid out of the basement. There are lots of benefits for the potential young Buyer…plentiful selection, increased affordability, low interest rates, and not having to share the bedroom with the hot water tank.

30 Dec 2010

See What Others See: Pull Your Credit Report Annually

As we near January 1st, we start to think about things we do at the beginning of each year, like making resolutions or changing the batteries in our smoke detectors.  This year, we are recommending you add one more thing to do at the beginning of each year and that is to review your own credit report.

Being in the mortgage industry, we see day in and day out the impact that a person’s credit can have on their ability to purchase or refinance a home.  While most people may know what they need to qualify, many don’t understand that even small positive changes to their credit score can result in a better rate.

29 Dec 2010

Why Homeownership Really Matters To People

The real estate industry has been a big topic of the media in 2010.  FromTime Magazine’s September cover title “Rethinking Home Ownership” to the Wall Street Journal’s headliner “Top 10 Reasons To Own A Home”, there have been a lot of theories about the impact of homeownership in today’s economy.  This will be the first of a 3-part series on why we believe homeownership really matters today.

So why does homeownership matter so much to people?  Studies show that homeownership has a significant and very positive impact on net worth, educational achievement, civic participation, health and overall quality of life.  In fact, according to recent stats released by the National Association of Realtors, here are some reasons why homeownership matters to people:


Get the latest posts delivered to your mailbox: