Buying A Home? Know Your Ratios!

When buying a home – particularly your first home – the mortgage used to finance the purchase is almost as important as number of bedrooms and baths.  Unless you are one of the very few first time buyers who will be paying cash (!), the mortgage you can get will dictate how much house...

First Time Home Buyer: Why Buy A Home?

You’re a first time home buyer. You’re not sure if owning a home is right for you.  You have questions – we’ve got answers. Over the next few weeks, we’ll be walking through the basics of buying your first home.  This will be timely, easy to digest information that will leave you better prepared...

30 Years of Housing Appreciation

I visited the Keeping Current Matters Blog this morning and saw this interesting InfoGraphic on housing prices.  I think it makes a strong statement about the wisdom of owning real estate.  Despite the downturn we had, prices have historically risen steadily, building equity for homeowners....

Due Diligence – Part Two

Due Diligence is not designed to be an absolute fail-safe for a buyer, nor a money maker for a seller. The concept is one of shared risk and defined reward. The buyer is risking money and time for the ultimate right to control a property. The seller is risking the opportunity cost of limited...

New Construction Housing – Elimination of Choice

Today, the Wall Street Journal reported that large publicly traded builders are buying up smaller, private builders at a record pace. The end result is the elimination of consumer choice in new construction housing. The public companies are able to raise cash by issuing bonds. Smaller firms aren’t as fortunate. The “mom & pop”...

Due Diligence – Part One

There’s been so much hand-wringing over our 2011 change to a Due Diligence period from the old multiple contingency contract. In my opinion, most of it is purely old fashioned resistance to change. Due Diligence provides a much cleaner and transparent environment in which to close a real estate sale when understood and negotiated...

How Long After A Short Sale Can You Buy Again?

Guilford County homeowners are breathing a little easier today.  Point your ear out your front door and listen: you may hear a sigh of relief!  Prices are rising – like crazy in some places – and fewer homeowners are upside down on their mortgages.  The average sale price in Guilford County has risen nearly...