Category: Buying

23 Jan 2018

Thinking about buying a home? Do this first!

For many, the first stop on the train to homeownership is looking for homes online. But what if I told you that thought process was all wrong? Contrary to popular belief, smart homebuyers resist the urge to start thumbing through properties on their favorite home buying app before they have all their ducks in a row. Wanna be like your smart counterparts? Keep reading and ace this whole home buying thing. Build up your savings This might seem like an overly obvious first step, but many first-time buyers don’t realize just how much savings they’ll actually need. Beyond the down payment— which can range between zero to 20%, with a myriad of options in between depending on what loan program you can...
Continue reading
4 Jan 2018

Ten Reasons to List Your House This Winter

Cold enough for ya? Well, don’t worry, you’re in the Carolinas, and it’s unlikely to last. We just hope for enough cold in the winter to keep the bugs down in the summer. So why, I was wondering, are Carolina homeowners reluctant to list their homes in the winter? I put the question to Allen Tate Realtors President, Phyllis Brookshire, who gave me the answer, along with ten darn good reasons to list now, before Jack Frost gives way to Peter Cottontail. 1. Low Inventory From July 1, 2016 to July 1, 2017, North Carolina’s total population increased by nearly 117,000 individuals. This number surpassed last year’s total population increase, and marks the largest single year increase in the state’s population since 2010. In...
Continue reading
21 Dec 2017

Buying? Selling? You can do both successfully. (Part 2)

You’re ready to move on, perhaps because you fell in love with another one. You need to get out of the first relationship while transitioning smoothly to the next. Can you do it without getting hurt? It’s complicated. Part 2. Friends do it. Family does it. Some of you have done it. Just looking around online, without any intention of making a change. Then that one special one catches your eye. And the next day, when you drive to the store, you take the long way, and drive by the address. Your heart leaps, and you’re a goner. You have to have that house. Of course I’m talking about houses! Like when you put your house on the market because you’ve found another...
Continue reading
14 Dec 2017

Conquer the closing

Reaching the closing table is like hearing the two minute warning in the fourth quarter at the Super Bowl— you’ve come this far; all you’ve got left to do is run the ball into the end zone. Itching to be in your new space sooner rather than later? Keep reading because we’ll let you in on everything you ever wanted to know about what to expect when you reach the closing table. Prior to closing Review your loan documents Theoretically, closing day should come and go relatively pain free, but that’s not to say some folks have had a less than pleasant experience. Make sure to stay in close contact with your loan officer in the weeks prior to closing day. I’ve heard stories...
Continue reading
12 Dec 2017

Real estate projections for 2018

With thoughts turning toward the holidays, it’s only natural to also start thinking about 2018. Specifically, I’ve been wondering how the real estate landscape in the Carolinas is shaping up for the New Year. It’s been an extremely busy, yet volatile 2017, with some houses selling in three days with multiple offers, while other houses sat on the market through three seasons. Yep, a hot real estate market keeps us all on our toes, whether we’re buyers, sellers, real estate professionals, or just curious homeowners. “I think we can expect more of the same in 2018,” Allen Tate Companies President and CEO Pat Riley told me during a recent conversation. “The largest generation in history, the Baby Boomers, are living longer, healthier, and...
Continue reading
7 Dec 2017

Buying? Selling? You can do both successfully (Part 1)

It’s complicated. That’s a Facebook status someone may put on Facebook when between relationships, or getting ready to be. Something like when you put your house on the market while you look for a house. Or, buying a house before you put your house on the market. Or trying to make both happen at the same time. Want, or need to move to another house in the Carolinas, and wondering how to navigate the market successfully while you are selling and buying? I was, too, so I had a conversation with Phyllis Brookshire, President, Allen Tate Realtors, to get some answers. I started with the most obvious question, “Is it best to buy first or sell first or try to do both...
Continue reading
7 Nov 2017

7 questions to ask during your listing presentation

Putting your home on the market is a great idea— but first things first, who will be your listing agent? Start asking friends, neighbors and family for their Realtor® recommendations, then check out their professional online presence. Narrow down your choices and pick the top three you’d like to schedule for a listing presentation. Next, be a savvy seller and know the questions to ask during their presentation. This will help you compare each agent fairly and select the one who fits you best. Get started with these 7 questions: 1) Can you tell me about your experience in residential real estate? Years of experience, number of listings and homes sold in a 12-month period, average days on the market and...
Continue reading
26 Oct 2017

The lowdown on the pre-approval process

Just like a significant other will force you to DTR sooner or later, as a serious home buyer, you’ll need to get pre-approved before you take the relationship with your Realtor to the next level. Don’t let the term pre-approval give you cold feet: Yes, a pre-approval requires some effort on your part (just like a healthy relationship), but in the long run, getting pre-approved before you shop for homes works in your favor, trust me. Why get pre-approved A pre-approval scrutinizes every aspect of your creditworthiness and determines exactly how much you may borrow under a specific mortgage program. Not to mention the fact that it’s a great way to distinguish your offer in a highly competitive, low inventory market. What you’ll...
Continue reading
12 Oct 2017

Everything you wanted to know about closing costs

When you’re buying a home there’s tons of new terms and processes you’ll be learning as you go, so it’s likely that upon hearing your Realtor utter the words “closing costs” for the first time, they went in one ear and out the other. And if that’s the case, don’t feel bad; suffice it to say, you’re not alone— a survey released last week found that over half of all first-time home buyers were surprised by the closing costs required to close on their soon-to-be home. Keep reading and you won’t be able to claim ignorance the next time these words find their way into a conversation. Closing costs: Explained I won’t waste any time beating around the bush here— closing...
Continue reading
29 Aug 2017

5 tips for purchasing a home with ease

The struggle seems real enough. Friends and family, frustrated and stressed, meeting obstacles and jumping hurdles, all because they decided to go out and buy a house. But does it have to be painful? I talked to Allen Tate President Phyllis Brookshire to get the low down, and she offered these five tips for purchasing a home with ease. 1) Get smart before you even start Phyllis says the first thing you have to do is understand what you can afford to buy, how to get pre-approved, and how the mortgage process works. She says, “I strongly recommend that you get pre-approved. When you're preapproved for a mortgage, you will know how much you have to spend before you shop. Then, when...
Continue reading