Category: Buying

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...
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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...
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20 Jun 2017

How to avoid closing day surprises

Closing day, as in signing the papers and finalizing the sale of a house or property, isn’t always as cut and dry as it sounds.  Allen Tate President Phyllis Brookshire and I spent some time recently discussing closing day surprises and how to avoid them. She had just talked to some of the top Allen Tate agents about the subject, too, and had gathered some good information. Because who needs unpleasant surprises? Closing day has enough excitement going on all by itself. “Even if closing day truly is the simple transfer of a home from seller to buyer, the buyer and seller represented at the table may be filled with anxiety, relief, anticipation, and expectation Along with all those emotions, some...
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6 Jun 2017

What’s up with the real estate market?

Did you know that in years past, homeowners spent about 4 ½ to 6 years in a home, but now that average is closer to 8 to 10 years? Well, if you were at the recent Breakfast at Southpark event sponsored by The Charlotte Observer, you did hear that interesting fact and many more from Allen Tate President and CEO Pat Riley. Pat was there to speak to a sold-out crowd of invitees about Charlotte’s ever-changing real estate market, what is making it hot, and how long he expects it to continue based on current economic factors and trends. Believe me, this was MUCH more interesting than high school advanced econ, since now, as a homeowner in the Carolinas, the stats...
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2 May 2017

8 signs you’re ready to buy a home

It’s spring and it’s in the air. You want to live in that house. You have to have that house. But are you ready to buy that house? Here are eight signs to help you know if it’s a dream, or a reality. 1) You’ve got your financial act together. Clean credit report, check. Little or no debt, check. And, there are other ways your financial house should be in order before you can make your move. Do you make enough money or have income from other sources that make the house affordable? Do you have funds for the downpayment and closing fees? It all adds up. Can you cover it? 2) You’re ready to settle down for a while. Before you...
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20 Apr 2017

The best moments happen at home

If I close my eyes, I can still hear the familiar sound of the click-clack, clickity-clack my little red radio flyer made as it came hobbling down the road. Still day dreaming, I recall my favorite black converse sneakers covered in dust from the unsettled dirt road I walked upon each Saturday morning as I made my way to our neighborhood grocery store. Located just a few minutes from my childhood home, the trip to the grocers seemed at least a mile away to my small, ten-year old frame. Like clockwork, I would park my wagon outside A & P Grocery, and recognize the same, friendly faces that stopped by the store each week hoping to find something to please...
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7 Feb 2017

Why virtual reality will change the real estate industry

Some would say the future is here. And if you’ve used virtual reality headsets to play video games or, say, virtually explore a rainforest, you’ll know what we’re talking about. If you haven’t, read on. Because soon, home buyers might be able to put on a virtual reality headset and feel like they are touring a home, walking from room to room, and getting a feel for the place without ever leaving their Realtor’s® office. This means that if you are a buyer, you could “look at” a place in another part of your city, in another state, or even country. If you are a seller, buyers can tour your house no matter where they are standing. Many Realtors involved in the...
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16 Jan 2017

Real estate 2017: Still looking good

Wonder what’s in store for the Carolinas’ real estate market for 2017? No major changes, but that’s a good thing, according to the experts. In 2016, Allen Tate Company ended the year with 22,194 closed sales units and $5.45 billion in closed sales volume, a respectable increase over 21,565 closed units and $5.16 billion in closed volume in 2015. That’s a trend Allen Tate President and CEO Pat Riley is comfortable with – the kind of steady growth that helps normalize and sustain the market. In the January-February edition of Carolinas Market Update, Riley talks about factors that helped define the past two years – and are expected to continue in 2017. “Low inventory will propel higher than average price appreciation (5-6 percent). Builders...
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28 Dec 2016

Real Estate resolutions for 2017

  What positive changes do you plan to make in 2017? If you are looking to lose weight, stop smoking or eat healthier, we wish you well, but we probably can’t help you. But here are a few “real estate resolutions” to consider that can save you time, money, frustration or all of the above in the New Year: I will only buy or sell a home with the assistance of a professional Realtor (ideally, an Allen Tate Realtor®). Unless you have previous experience in real estate (and even if you do), going the For Sale by Owner (FSBO) route is just a bad idea. Real estate can be complicated and even a simple mistake can be costly. You need a professional. ...
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