Raleigh, Durham & Chapel Hill, NC HOME & LIFESTYLE GUIDE Volume 27, Issue 12
Coming Soon...
GORDON PARK IN CLAYTON
MUST READ::
Are Investment Properties for you?
HOME IMPROVEMENT:::
P ark
Creating Outdoor Living Space
RealEstateBook.com Request FREE MAGAZINES online, or call 800-841-3401
27.12cover.indd 1
GORDON PARK NEW HOMES FROM THE $210’S NEW HOMES UNDER CONSTRUCTION INTERSECTION OF POWHATAN RD & GLEN LAUREL RD GORDON-PARK.COM
10/16/17 10:55 PM
足Ride The Balloon To View 919/773-0991 800/325-1845足足足 R517389
UNRESTRICTED! Little piece of Heaven close to everything! Custom Brick home on almost 9 rolling, country acres. Southern Charmed tree lined drive & front porch welcomes you. $485,000 (2148012)
R517411
BEAUTIFUL CUSTOM BUILT HOME! 4 BR/3.5 BA, loaded w/upgrades! 2 Laundry rooms, spacious living areas, screened porch, deck and fenced backyard! $399,900 (2148564)
R567709
NEW & CONVENIENT TO EVERYTHING! 2740 SF! 4 BR/3.5 BA, kitchen w/huge island, 1st flr MBR, awesome bonus rm, screened porch. BRIGHT IDEA FEATURES! $342,900 (2155534)
R563635
PERFECT INSIDE & OUTSIDE! 3200 SF! 4 BR/3.5 BA, bonus, loft, inground pool, attached and detach garage, 2 screened porches. HURRY! $329,900 (2154519)
R512299
BIGGER THAN IT LOOKS! Almost 3000 SF! 4 BR/3.5 BA, huge bonus, island kitchen w/pantry, large family rm w/FP. Must See! $299,900 (2147805)
R305958
NEAR WHITE OAK SHOPPING! 2783 SF! 4 BR/3.5 BA, open living space, large kitchen, walk-in pantry, huge bonus room. $339,900 (2152805)
R379376
BEAUTIFUL CUSTOM BUILT HOME! 4 BR/2.5 BA, finished bonus, screened porch, open floor plan, 1st floor MBR. MUST SEE! $322,900 (2132301)
R496375
PRIVATE 7.7 ACRES w/3000 SF ALL BRICK RANCH! Updates include new wiring, SS appliances, granite countertops and more. Huge bonus and screened porch. $297,500 (2153357)
R284746
STUNNING BRICK HOME nestled on cul-desac. Grand Entry foyer w/elegant dual wrought iron staircase. 4 BR/3.5 BA, island kitchen, keeping rm, hrdwds, large bonus, outdoor oasis. $465,000 (2119262)
R453719
NEED SPACE? 4 BR/3.5 BA, 2 bonus rms, 2 car garage, walk-in attic storage, screened porch, fenced yard. MUST SEE! $349,000 (2139539)
R566532
EXPECT TO BE IMPRESSED! 4 BR/3.5 BA, grand 2 story foyer, huge family rm, great kitchen w/granite counters, separate laundry rm. HURRY! $339,500 (2155405)
R265920
GREAT 2 STORY WITH OPEN FLOOR PLAN! 4 BR/3.5 BA, 2 bonus rooms, screened porch & deck. Corner lot in POOL community. $319,900 (2116583)
R465019
FANTASTIC NEW CONSTRUC TION! Cleveland location! 3 BR/2.5 BA, granite, screened porch, pool community! $295,900 (2141123)
GET MORE INFORMATION FOR ANY OF THESE GSouthAB.indd 1
10/15/17 9:56 PM
H
Our Community Of Homes On Our Website: wwwsouthland4042.com Email: houseinfo@southland4042.com Southland RealtyII 5160 NC 42 West Garner, NC 27529 R253776
WATER FRONT LOT! 3 BR/3.5 BA, island kitchen, formal LR & DR, screened porch, finished basement w/office, bonus & flex rm. $295,000 (2114432)
R525629
CURB APPEAL! 4 BR/3 BA, office, kitchen w/granite, screened porch, builder offering closings costs, refrigerator and blinds w/ acceptable offer. $277,900 (2149665)
R412500
GREAT ALL BRICK HOME! 2850 SF, 3BR/ 2.5BA, kitchen w/granite, hardwoods, opens to family room & lg breakfast. Family room w/ cathedral ceilings. $269,900 (2134401)
R563613
CUL-DE_SAC PARADISE! 2.639 Acre lot! 3 BR/3 BA, open floor plan, formal DR, 2 finished bonus rooms, covered back porch. $254,900 (2155145)
R498003
OWNER OCCUPANTS ONLY! 4 BR/2.5 BA, plus loft. NEW paint & capet throughout. Island kitchen with lots of cabinets. Formal LR & DR. $224,900 (2145903)
R551668
GORGEOUS HOME! 4 BR/2.5 BA, 2700 SF, kitchen w/granite & tiled backsplash, butler’s pantry, WIC, bonus, office, large storage area. Extensive trim throughout. $279,900 (2153218)
R412498
MAKE THIS YOUR NEW ADDRESS! 42 CORAL RIDGE DRIVE! 4 BR/2.5 BA, large kitchen w/granite,SS appliances & walk-in pantry. $274,900 (2134381)
R525616
UNRESTRICTED PRIVATE LOT! 3 BR/2.5 BA, finished bonus, 2 car garage, soaring ceilings in family rm, custom shelves, hardwood flrs and MORE! $269,900 (2149606)
R553240
READY FOR NEW OWNER! 3 BR/2 BA, over 2000 SF, cathedral ceilings, gas log FP, MBR w/his/hers WIC, finished bonus. $228,900 (2153345)
R563712
YOU WILL LOVE THIS PLAN on large 1.136 acre cul-de-sac lot! 3 BR/2 BA, 2 car garage, large deck, convenient to I-40. $159,900 (2155069)
R550091
TRUE SOUTHERN BEAUTY! 3 BR/3 BA, handicap ramp & chair lift, screened porch, sauna, fenced yard, out buildings & extra lot. MUST SEE! $279,900 (2153060)
R347733
BEAUTIFUL INSIDE & OUTSIDE! 3 BR/2.5 BA, hrdwd flrs, granite, cathedral ceilings, office, 1st floor MBR, WIC, bonus, plantation shutters throughout, 2 car garage. $272,500 (2127985)
R521690
BEAUTIFUL & SPACIOUS! Over 2800 SF! 3 BR/2.5 BA, large family rm, separate DR, huge bonus, screened porch. Don’t delay! $261,900 (2148970)
R563693
OUTSTANDING NEW CONSTRUCTION TOWN HOME! 2051 SF! 3 BR/2.5 BA, 1st flr MBR, spacious living area, gorgeous kitchen w/granite. $226,900 (2154968)
R497995
CONVENIENT TO EVERYTHING! 3 BR/2 BA spacious family room w/gas log FP, hardwood floors, large fenced backyard. Come check this one out! $139,900 (2145877)
HOMES BY TEXTING PROPERTY CODE TO 52187 GSouthAB.indd 2
10/15/17 9:56 PM
Beth Hines BROKER ASSOCIATE
RE/MAX LIFETIME ACHIEVEMENT AWARD
OVER 18 YEARS EXPERIENCE RE/MAX HALL OF FAME
919-868-6316 www.triangleareaproperties.com
bethremaxsouthland@gmail.com Over 100 Years Combined Experience!
4300 W 42 Highway, Raleigh 22.9 Acres / 3BD/2.5BA 2435 SF / MLS#2135327 / $972,500 Text R414799 to 52187
89 Parque de Sarah Place, Clayton 1.14 Acres / 5BD/4.5BA 4833 SF / MLS#2153175 / $695,000 Text R551662 to 52187
58 Alecia Court, Clayton 1.5 Acres / 4BD/3BA+2 1/2BA 4401SF / MLS#2109224 / $563,788 Text R217268 to 52187
154 Sicily Drive, Clayton .7 Acres / 4BD/3.5BA 3613 SF / MLS#2127539 / $529,383 Text R356015 to 52187
5168 US 70A Highway, Princeton 5.76 Acres / 3BD/2.5BA 2936 SF / MLS#2136014 / $499,900 Text R426951 to 52187
72 Fernbrook Circle, Princeton 1.25 Acres / 4BD/3.5BA 3884 SF / MLS#2147758 / $450,000 Text R512284 to 52187
460 Crestdale Drive, Clayton .72 Acres / 4BD/2.5BA 3235 SF / MLS#2146950 / $339,400 Text R505982 to 52187
58 SeashorePoint, Clayton .59 Acres / 4BD/4BA 4565 SF / MLS#2155104 / $334,900 Text R563606 to 52187
265 W Thicket Drive, Angier .63 Acres / 3BD/3BA 3269 SF / MLS#2142733 / $279,900 Text R484846 to 52187
55 Grissinger Court, Garner .86 Acres / 3BD/3BA 2522 SF / MLS#2150349 / $243,900 Text R548770 to 52187
400 Rock Circle, Clayton .940 Acres / 3BD/2.5BA 2319 SF / MLS#2142717 / $234,900 Text R516308 to 52187
159 Bluestone Drive, Smithfield .79 Acres / 3BD/2BA 1931 SF / MLS#2149071 / $224,900 Text R528875 to 52187
Serving Johnston, Wake and Wayne Counties bethhines.indd 1
10/18/17 9:39 PM
masthead27.10.qxp_TF2MH Full 10/16/17 10:18 PM Page 1
ON THE COVER
WE HAVE THE KEYS TO YOUR NEW HOME...
Gordon Park in Clayton New Homes Under Construction Gordon Park New Homes from the $210's Intersection of Powhatan Rd & Glen Laurel Rd Gordon-Park.com • Text R573948 to 52187
For advertising information in The Real Estate Book of Raleigh, Chapel Hill & Durham contact:
Kevan Bytnar 919/616-7502 Email: KbTreb@aol.com www.TheRealEstateBook.com Next Issue Submission opportunity Is: November 8, 2017 for a FREE MAGAZINE from any of 250+ markets, call 1-800-841-3401
Nicole Orringer HomeTowne Realty Team Nicole Orringer 919-464-4145 www.Orringerteam.com
Compare advertising package options by entering your zip/postal code online at Store.RealEstateBook.com • LOCAL PRINT • WEB & MOBILE • SOCIAL • DIRECT MAIL
Covering The Triangle
The Real Estate Book® “All real estate advertised herein is subject to the Federal Fair Housing Act which makes it illegal to advertise any preference, limitations, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preferences, limitation, or discrimination. We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.”
Impeccable Homes
for Your Consideration! Custom 1.5 story on corner lot w/3 car garage. Open floorplan, Family room w/soaring 10’ ceilings and FP. Kitchen with large island open to family room. 1st floor master, second bedroom, and study. 2nd floor features bonus, 3rd bedroom, bathroom. Rodney Carroll Screen Porch HomeTowne Realty $399,000 (919)779-3113 info@therodneycarrollteam.com Text R239054 to 52187
N. Raleigh home located in a highly rated school district with quick access to 540 and short drive to downtown. Home features a complete in-law apartment which is handicapped equipped with full kitchen and bath. 2nd floor has been updated to include new hardwood floors, and two remodeled bathrooms. Home climate control system with an “Energy Sentry” to reduce utility Jeffrey Hammitt costs. Private backyard with upper Team Anderson Realty and lower decks. Fenced in yard with in ground pool and large hard (919)239-9711 jeffrey@teamandersonrealty.com wood natural area; perfect for entertaining. 5BD/3.5BA. $570,000 Text R504676 to 52187
Darlene Wyatt Mountain Dreams Realty (336)363-4071 darlene336.dw@gmail.com
Stephen Wedge Coldwell Banker - HPW (919)638-1428 swedge@hpw.com
showcaseexpress.indd 1
LOTS of NEW with an OUTSTANDING VIEW from this 3 BR, 2 BA home located in Hickory Mountain. Granite countertops, new fixtures, paint, new wood flooring, SS appliances and more to offer a totally updated interior. Large formal living room, fireplace, separate dining room, cozy den/sunroom with two sided fireplace. Nice master suite with beautiful marble vanity, 2 additional large front bedrooms. Central air and heat. Excellent location close to town and perfect for full or part-time mountain living! PRICED WELL BELOW TAX VALUE and is “Move In Ready!” $175,000. Text R506385 to 52187 Large brick-front Colonial in popular Brookhollow has 4 lg bedrooms, sep lg den with fireplace, 2-story, Southern-style front porch w/columns on a lot with elegant, mature hardwood trees. All new paint, flooring and carpet make this home move-in ready! All appliances convey. Only 1.5 mi to Downtown Mebane and 1 mile from Tanger! $219,900 Text R477156 to 52187
Domenick Schilling Coldwell Banker - HPW (919)413-7600 Schillingd@hpw.com
Darlene Wyatt Mountain Dreams Realty (336)363-4071 darlene336.dw@gmail.com
Domenick Schilling Coldwell Banker - HPW (919)413-7600 Schillingd@hpw.com
Christina Mason HomeTowne Realty (919)427-7313 christina@masonteam.net
Just Reduced! Tons of home for the money! 3000+ sqft w/ huge master bedroom, spacious loft and family room, open kitchen with lots of cabinet & counter space. Deck and fenced backyard. All new flooring downstairs (carpet & luxury vinyl). Community features a pool, an elementary school within the neighborhood and close proximity to White Oak shopping and the new YMCA. Easy access to I40. $244,900 Text R576422 to 52187 PERFECT MOUNTAIN GETAWAY on 1.57 acres with nice views and mountain chalet with lots of extras. Great location just off the Blue Ridge Parkway. Home features wood floors, spacious master bedroom with large closet, bath and double doors leading onto the backporch. Home comes completely furnished - just bring your toothbrush! Newer heat/AC system. Den/family room with lots of windows to enjoy the serenity. Upstairs bedrooms do not have closets, but there is some storage upstairs. Covered patio. Quality furnishings including porch furniture. $154,900. Text R506377 to 52187 Lots of updates & upgrades! Owner has to move for job, this great home just needs your finishing touches. Kitchen has new granite counters, cabinets, appliances & flooring. New vanities in all baths, new carpeting throughout home. New ceiling fans in all BR’s. Bonus room could be great 4th bedroom (septic permit allows). Outside features incl. upgraded septic system and new well pump; a deck & storage building all on a large cul-de-sac lot. No HOA. Great value - make this one yours today! $234,900 Text R576424 to 52187 Rocking Chair Front Porch Nestled on Private 1/2 acre lot! Bright foyer open to Family & Dining Room! New carpet in family rm and lots of fresh paint! Cheery kitchen brimming w/ custom cabinets and granite tops! Warm hardwoods enhance the foyer, hall and formal dining! Large Master W/ new carpet and private spa! Upstairs boasts 2 bonus rooms and cozy library! Lots of closet space and walk in pantry! Oversized deck overlooking private, tree lined backyard with fence! Walk-in crawl & true 2 car garage! $269,900. Text R539195 to 52187
10/18/17 9:04 PM
Joey
Millard Edwards 919-291-1491 pening Doors
O
Scan this QR Code for More Information.
For Buyers and Sellers.
$134,900
105 YELLOW STONE LN, SMITHFIELD •1208+/-sf, 3bd/2ba •MUST See Updates •2154572 TEXT R563648 TO 52187
$69,900
612 ROSE LN, FOUR OAKS •1230+/-sf, 3bd/2ba •Investor Alert •2153886 TEXT R555696 TO 52187
$249,900
103 LINWOOD LANE, CLAYTON •2424+/-sf, 3bd/2.5ba •Finished Bonus Room •2145007 Text R492297 to 52187
$204,900
$129,900
307 N MASSEY ST, SELMA •1685+/-sf, 3bd/2.5ba •Fenced yard & POOL! •2153086 TEXT R550093 TO 52187
1306 US 70A HWY, PINE LEVEL •2420+/-sf, 3bd/2ba •MUST See Updates in BRICK Ranch •2148593 TEXT R543557 TO 52187
lty
H
Joey@CarolinaRealty-NC.com - JoeyMillardEdwards.com
eTowneRea om
w
m
ww . M yH T R . co
(919)422-5045 • DukeMcNichol@gmail.com
$5,000 Buyer Incentive when using Preferred Attorney!
TEXT R296617 TO 52187
LOT 33 - 3200 SF, 4BD/2,5BA. Gas log Fireplace, Hardwoods, Crown Molding, Covered Back Porch $329,900 MLS:2120565
SOLD TEXT R325264 TO 52187
LOT 30 - 3200 sf, 4BD/2.5BA Kitchen w/ SS Appls, Granite & Ceramic Backsplash $340,800 MLS:2124765
page7.indd 1
Duke McNichol
Harris Crossing A New & Exciting, Quaint Neighborhood Community.
TEXT R298486 TO 52187
LOT 32 - 2772 sf, 4BD/3BA Hardwoods, Crown Molding & Chair Rail, Covered Porch $319,900. MLS:2120911 ANOTHER EXCLUSIVE NEIGHBORHOOD BY AWARD WINNING WYNN HOMES featuring: 9’ smooth ceilings down 8’ up, gas logs w/surround, hardwoods, ceiling fans, crown molding & chair rail, energy efficient insulation - heat pumps & water heaters, fiberglass tubs & surround , separate showers in master, recessed lighting, stainless steel appliances (microwave & hood, smooth top range, dishwasher), granite countertops, ceramic backsplashes, covered back porches, sodded yards. Great Schools! Directions: I-540 to Buffaloe Road (Exit 20), left on Forestville Road, left on Landover Lane, right into Harris Crossing.
TEXT R338533 TO 52187
LOT 29 - 2722 SF, 4BD/3BA. Smooth Ceilings, Crown Molding, SS Appliances, Hardwoods & Energy Efficient Insulation. $319,900. MLS:2126754
SOLD TEXT R302889 TO 52187
LOT 31 - 3444 SF, 4BD/3.5BA - 9 ft smooth ceilings down, SS Appliances, Granite & Ceramic Backsplash. Covered Back Porch & Sodded Yard. $325,000. MLS:2121618
10/18/17 9:49 PM
919-858-6100 www.GarnerNCHomes.com
$294,900
EXTENSIVE TRIM 55 BIRDO POINT WAY ADAMS POINT 4 Bedrooms, 3.5 Baths, 2632 SqFt MLS:2153757 Text R426025 to 52187 $274,900
OVERSIZED GARAGE 42 CORAL RIDGE DRIVE LEELAND WOODS 3 Bedrooms, 3 Baths, 2598 SqFt MLS:2134381 Text R412498 to 52187 $240,900
$289,900
LARGE FAMILY ROOM 83 BIRDO POINT DRIVE ADAMS POINT 5 Bedrooms, 4 Baths, 2533 SqFt MLS:2132279 Text R379372 to 52187 $255,900
LARGE KITCHEN 20 CORAL RIDGE DRIVE LEELAND WOODS 4 Bedrooms, 2.5 Baths, 2264 SqFt. MLS:2143688 Text R426020 to 52187 $269,900
CORNER LOT 20 BROADHEAD COURT NORTHFIELD 3 Bedrooms, 3 Baths, 2228 SqFt MLS:2140463 Text R458270 to 52187
UNRESTRICTED LOT 81 POSTON COURT PARRISH PLACE 3 Bedrooms, 2.5 Baths, 2603 SqFt MLS:2149606 Text R525616 to 52187
$285,900
$279,900
GREAT LOCATION 3033 MOORARK LANE THE RESERVE AT WHITE OAK LANDING 4 Bedrooms, 3 Baths, 2822 SF MLS:2144544 Text R489020 to 52187
DBabb.indd 1
LOTS OF UPGRADES 590 WINDING OAK WAY HUNTERS MILL 4 Bedrooms, 3 Baths, 2700 SqFt MLS:2153218 Text R551668 to 52187
$299,900
CUSTOM SHELVING 109 BIRDO POINT WAY ADAMS POINT 4 Bedrooms, 3 Baths, 2593 SqFt MLS:2139939 Text R426027 to 52187 $219,900
FENCED YARD 376 EVERLAND PARKWAY GREYSTONE 3 Bedrooms, 3 Baths, 2124 SF MLS:2155944 Text R570443 to 52187 $281,900
EXTENSIVE TRIM 4004 LANTERN RIDGE THE RESERVE AT WHITE OAK LANDING 4 Bedrooms, 2.5 Baths, 2628 SqFt MLS:2109567 Text R218810 to 52187 $234,900
EXTENSIVE TRIM 28 OCCIDENTAL COURT LEELAND WOODS 3 Bedrooms, 2 Baths, 2070 SqFt MLS:2155574 Text R567714 to 52187
10/18/17 9:35 PM
HOW TO BUY A HOME IN A TIGHT MARKET W
e all know the equation: low inventory means higher prices. Also known as a tight market, this setting can be stressful for buyers, who are trying to snap up their dream home yet keep running into competition. Attempting to purchase a house in this type of market can make the already complex process of buying a home even more overwhelming. The following five tips can help buyers successfully get through the buying process in a tight inventory market:
yard, those cannot be addressed later and must be taken into account during the house hunting process. BE READY TO MAKE A DECISION QUICKLY. In a seller’s market, homes rarely stay on the market long, so when a house that is in their budget and checks off all of their needs come along, buyers should not hesitate. Buyers should be ready to submit an offer quickly, or they may risk missing out on the home altogether.
DETERMINE & STICK TO A BUDGET. Before beginning the house hunting process, prospective homebuyers should receive loan preapproval from one or more lenders to verify how much they can borrow. Then, after taking into account additional costs of ownership such as taxes, utilities and insurance, buyers should determine a final budget they can comfortably afford. When listings are scarce, bidding wars can drive up prices, so buyers must be prepared to walk away if the asking price surpasses their budget.
BID COMPETITIVELY AND LIMIT CONTINGENCIES. It is tempting to submit a low offer as a starting bid, but in a seller’s market buyers need to put forward their highest offer from the very beginning or they are likely to lose out on the home. It is also important to remember that in multiple bidding situations it is not always the highest offer that is most attractive to the seller but the one with the fewest contingencies. Removing restrictions related to the sale of a current home and being flexible with things like the move-in date can make a bid stand out to a seller.
IDENTIFY DESIRED NEIGHBORHOODS AND HOME WANTS VERSUS NEEDS. When housing inventory is tight, buyers may need to compromise on what they believe they want from a home. Certain wants, such as stainless steel appliances or hardwood floors, can be added later. However, if a buyer wants to be in a specific school district or have a decent sized back-
WORK WITH A REALTOR®. All real estate is local, so it is important to work with an agent who is a Realtor®, a member of the National Association of Realtors®, and who is familiar with the areas and neighborhoods the homebuyers are considering. They can give buyers the competitive advantage needed in a tight market.
The Basics of Buying Investment Properties By Kenneth D. Rosen Editor’s Note: This was originally published on RISMedia’s blog, Housecall. See what else is cookin’ now at blog.rismedia.com.
E
veryone wants a magic and immediate path to wealth. The bad news? The path doesn’t exist. Wealth is attainable through more conventional means. If you come to understand the real estate industry and if you deepen your own firsthand experience as you buy and sell investment properties, you’ll be on the road to success. Along the road, there are six core principles that will make or break each real estate investment deal. They are the most important concepts you will learn. I call them the Big Six. With each successive deal I negotiated, I grew to recognize the common elements. The Big Six are part of a sequenced step-by-step formula that enables you to identify and purchase the right income property at the right price. The elements of the Big Six Formula that will guide you into the basics of buying income properties are the following:
1. Location
Location is the single most important component of any real estate deal. It is crucial in determining your investment success. Look for properties that are situated in an “A” location. Such locations include the socioeconomic levels of the people who live or work in a particular neighborhood, its proximity to shopping centers, public transportation, crime levels, the nearness of prestigious universities and medical facilities, traffic congestion, zoning restrictions, the quality of schools, fire and police protection, and even the reputation of the local government and its officials.
2. Building Quality & Design Efficiency
Design efficiency interfaces with building quality. When you find an investment property you’d like to buy, you will need to scrutinize both elements. Look for properties that far exceed minimum construction requirements and that have useful and innovative design elements. This will not only make the property attractive to tenants but will add value to the property in the future. Design features on apartment complexes that stand the test of time include walk-in closets, large kitchens with windows, and his-andher bathrooms. In an office building, a common area factor of 15 percent is desirable as well as a ratio of four parking spaces for every 1,000 square feet of rentable space.
3. Tenant Profile
Tenants can represent either an asset or a liability in an in-
vestment. When you invest, your mission is to make sure your tenant profile is the former and not the latter. Just as you want a well-constructed and well-designed property, you’ll want stable tenants who are a good match for your property and have appropriate lease agreements. Find out how much rent is generated and whether it is at market rate or under market. You want to focus on finding an income property that offers the opportunity to increase rental income and, by doing so, multiply the value of the property so that you can resell it at a substantial profit.
get started, you’ll need to get a number of finance-related items in order. The first thing you should do before applying for a mortgage loan is to review your credit reports and your credit scores. Also, learn the terms, understand the components of a mortgage and how they interact, and be open to the full range of financing options available. Banks and other financial institutions make money from mortgages. They are willing to negotiate. Be creative—you may be surprised at the terms you’re able to obtain from a bank or insurance companies, especially in today’s low interest rate environment.
4. Upside
6. Price
This fourth element refers to the cash flow growth possibilities offered by a particular property along with the likelihood that the property will increase in value. A property may cost $1,500,000 to construct, but if it brings in only the income of a $900,000 property, then it is worth only $900,000. The key to increasing value lies in buying a solid Class B property in an “A” location where the rents are under the market, the leases are short term, and there are no options to renew the leases.
5. Financing
In the musical Cabaret, there is a song with the lyrics, “Money makes the world go around.” It could just as easily be used to describe real estate’s role in the economic landscape. The free flow of money and access to credit is what adds vibrancy to property investment. Before you
The successful evaluation of a property’s price has more to do with how much information you can gather about a seller and the property than it does about the price tag on the real estate deal. You must look at the value of the property, which is not the same thing as its price. The crucial concern is not just how much the property costs, but what kind of income it can generate for you. A property may be architecturally perfect and engineeringly sound, but if you’re locked into long-term, under-market lease rates, the value will be eroded. If you master these principles, wealth will be within reach. However, it’s not enough to just understand and utilize the Big Six. You must execute them in order. That’s because they all fit together snugly to form your customized real estate formula.
How to Decorate Your Home for Fall Fall is one of the best seasons for decorating your home in a tasteful way that’s both festive and functional. Some of the most popular fall decorating themes include pumpkins, gourds, fall foliage, and pinecones to name a few. It’s time to say goodbye to summer and welcome the changing of seasons by adding a few cozy touches around your house with these tips.
1
Refresh Your Front Door: Maximize your curb appeal by adding piles of pumpkins and gourds to create a cheery look. Get creative by painting your house numbers onto one of the larger pumpkins, or throw in some potted croton and mums to your décor to complete the look. For a finishing touch, place a fall-themed wreath on the door.
2
Warm Things Up: With cooler temperatures creeping in, give your open spaces a snug feel by swapping out your lightweight pillows and linens. Instead of cotton and linen, opt for velvet or burlap materials in darker colors. Add a few throw blankets into the mix, and you’ll be ready to welcome guests for nights spent by the fire.
3
Add Fall Flowers: Just because summer is over doesn’t mean that flowers have to go along with it. If you’re looking to brighten up your home, there’s no easier way than to do so with flowers. Sunflowers and alstromeria are both great choices because they both last for about a week. Remove all leaves below the water line and change your water every few days in order to keep your blooms fresh.
4
Add a Rocking Chair: Pair a rocking chair with a plaid blanket outside on the porch for the ultimate fall look. All that you’ll be missing after that is a cup of pumpkin flavored coffee.
5
Bring Outside In: Fall leaves are ideal for sprinkling on the mantle or for pressing onto wax paper during an afternoon of crafts. Use backyard leaves to create streamers for fall-themed parties, or frame them for artwork around the house. The options are endless!
6
Turn on the Fire: Fireplaces take the center stage when it comes to the fall season. If you have a wood fireplace, now is the time to make sure that you have enough firewood for the rest of the season. If you’re using gas, don’t forget to turn it off when you leave to go somewhere. Nonetheless, a roaring fire paired with a comfy sofa and views of the changing leaves creates the perfect fall setup.
Ron Lee Southland Realty II
RE/MAX SOUTHLAND II
office: 919.773.0991 cell: 919.669.6339 www.HomesOfJohnstonCounty.com
ADAMS POINT 4BR/3BA, 2365 SqFt, .253 Acre, Living room w/FP, Kitchen has Granite counters & tile backsplash. Screen Porch! $277,900 TEXT R525629 TO 52187
ADAMS POINT 4BR/3BA, 2700 SqFt, .268 Acre, Unfinished Basement! Granite & tile in kitchen, fireplace & Screen porch $319,900 TEXT R477194 TO 52187
ADAMS POINT 4BR/3BA, 2693 SqFt, .449 Acre, Swim Community! Unfinished Basement & 3 Car Garage $334,900 TEXT R362642 TO 52187
ADAMS POINT 3BR/2.5BA, 2177 SqFt, .114 Acre, Loft! Fireplace, granite, tile, 2 car garage & screen porch! $231,900 TEXT R563598 TO 52187
ADAMS POINT 3BR/2.5BA, 2180 SqFt, .161 Acre, Kitchen w/granite counters & tile backsplash, Fireplace in Living room, Loft & Screen Porch! $231,900 TEXT R563695 TO 52187
ADAMS POINT 3BR/2.5BA, 2180 SqFt, .581 Acre, Loft, Living room w/Fireplace, Sceen Porch & 2 Car Garage $231,900 TEXT R563698 TO 52187
ADAMS POINT 3BR/2.5BA, 2051 SqFt, .131 Acre, Town Home with Granite Kitchen, Fireplace, Covered Porch & Patio! $226,900 TEXT R563693 TO 52187
GREYSTONE CROSSING 4BR/3BA, 2752 SqFt, .568 Acre, Finished BONUS! Kitchen w/Granite & Tile, DOUBLE Sided Fireplace! $239,900 TEXT R508928 TO 52187
GREYSTONE CROSSING 4BR/3BA, 2752 SQFT, .568
Lee.indd 1
10/15/17 9:12 PM
SEARCH FOR YOUR NEXT HOME ON THE GO! Whether you’re driving around, flipping through magazines or searching online, it’s now easier than ever to find your dream home.
Text the code listed on the sign rider or in the magazine to 52187. You’ll immediately receive a response that links to more photos and property details, all of which can be viewed from your mobile device.
The Real Estate Book makes it simple and convenient to interact with your favorite listings and connect with qualified real estate agents.
TRY IT TODAY!
Rod Hudson 919.524.1800
*Free Interior Design Consultation
SOLDBYROD@RODHUDSON.COM
Advantage
To Get More Listing Info on Your Mobile Smartphone, Text the Codes Below to 52187. Standard Data Charges Apply.
R573239 OPEN CONCEPT RANCH Features Large Spaces & Versatility! Vaulted Liv Room features Fireplace, Open to Spacious Kitchen & Dining Area. Split Bedroom Plan offer Private Master Suite with En Suite Bath & HUGE WIC. Lovely Master Bath includes Twin Vanities, Garden Tub & Separate Shower. Large First Floor Bonus Room features spacious Walk in Closet, Full Bath & Private Entry. Perfect second Master Bedroom.Lovely Rear Patio & 2 Car Garage. Just minutes to I40, Shopping, Schools & Healthcare. Immaculate! 63 CRESSIDA COVE, GARNER, NC 27529. $249,900 (63CR) TEXT R573239 TO 52187
R477178
GREAT RANCH PLAN features Accessibility! Home includes 2 Spacious Bedrooms, Large Living/Dining Room, Newly Remodeled Kitchen featuring New Appliances, Flooring and Paint! New Laminate Flooring & Fresh Paint throughout Living and Bedroom areas. Full Tile Accessible Master Shower with Adjustable Shower Head. Patio and 2 Car Garage. Detached Storage Building. 6189 FRONT STREET, FALCON, NC 28342 $139,900 (6189FR) MLS#2142921
R550086 SOPHISTICATED RANCH PLAN features Soaring Ceilings, Detailed Molding & Great Architectural Interest. Floor plan offers Formal Din, Liv/Study, Fam Rm w/FP, & Kit/Break all with Hardwood Flooring. Full Guest Bath includes Tile Flooring & Custom Vanity. Spacious Master Ste features Triple Tray Ceiling, EnSuite Bath. 2 First Floor Guest Rooms. Rec & Bonus Room w/ Full BA upstairs. Scrn Porch/Patio. 77 MEADOW OAKS CIRCLE, SMITHFIELD NC 27577 $279,900 (77ME) MLS#2118127
R446217
KENT FLOOR PLAN- New Construction. ECO Home CERTIFIED, 2x6 Walls,R19 Insulation! FRONT PORCH. 2 Story Fam Rm w/GAS F/P. Kitchen features GRANITE Countertops, TILE Backsplash, SS APPLs, & Lrg ISLAND. 4 Spacious Bdrms + Loft. 1st Floor MASTER. SEC. SYSTEM. LOW-E WINDOWs. Lots of UPGRADEs thruout! 10Yr STRUCTURAL WARRANTY. Great SCHOOLs & LOCATION! LOT 187 SUMMERWIND PLANTATION, GARNER NC 27529. $245,450 (191SU) MLS#2138367
UNDER CONTRACT
R443499 MOORE PLAN - New Construction. ECO Home CERTIFIED!2X6 Walls R19 Insulation! FRONT Porch, OPEN FLOOR PLAN, Fam Rm w/GAS F/P. Designer Kitchen w/GRANITE Countertops, TILE Backsplash, SS APPLs, & Large ISLAND. Dining Area. SECURITY SYSTEM. LOW-E WINDOWs. Lots of UPGRADEs thruout! 10Yr STRUCTURAL WARRANTY. Great Schools & Location. LOT 161 SUMMERWIND PLANTATION, GARNER NC 27529. $264,850 (161SU) MLS#2138321
R482480 STELLAR 4 Bedroom Loaded with Personality. 1st Flr Master BR,Tray Ceiling, En Suite Bath, Garden Tub, Sep Shower, Dual Vanity & WIC. Vaulted Fam Rm w/FP, Open to Kitchen includes Lrg Break Bar, Pendant Lighting, Ctr Island, Granite C Tops, SS Appliances & Pantry. Formal Dining w/Coffered Ceiling, Covered Rear Porch, Fenced Rear Yard & Lovely Landscape. 2 Car Garage. Community Pool. 194 MARSH CREEK, GARNER, NC 27529. $260,000 (194MA) MLS#2143631
Search the Triangle at www.RodHudson.com
RHudson.indd 1
10/18/17 9:34 PM
Kelly DeBrosse 919.805.0069
Kelly@KellyDeBrosse.com - www.SearchingRaleigh.com
Did you know? 65% of home buyers allow the first agent they meet to represent them? I hope you meet the right one first!
GOURMET KITCHEN
ANGE GREEN BUILT
STUNNING 6 BR HOME w/bright, open layout. Granite counter tops. Family rm w/FP. BR & Full bath on Main. Walk in crawl space has power & set up for workshop. Brand new vapor barrier. Brand new roof w/50 year warranty. Landscaped yard. Large, fenced backyard. Two car garage. MLS:2140488
RENOWNED GREEN BUILDER ANGE Construction saves you $$$! 10’ ceilings, triple crown moldings, site finished hardwood floors, office w/ french doors, main level suite w/full bath. His/Her WIC’s. Lush landscaping/ private backyard/stone patio/built-in grill & screened porch! MLS:2139888
Text R455475 to 52187
TEXT R458272 TO 52187
Amy Bytnar Broker
NewStone Realty
919-616-5664
amy@newstonerealty.com
www.AmyBytnar.com
Helping you find or build the home you’ve always wanted and sell your house fast! CARY
SOLD TEXT R504367 TO 52187 SPACIOUS HOME with updates and storage in great Cary neighborhood with pool! Features include new replacement windows (installation 9/17), tile in kitchen & baths, hardwoods, gas fireplace & fenced backyard w/ custom patio. New paint, large bonus room w/ closet + 4 bedrooms AND private office. All appliances convey, including W/D. New insulation in crawl space, 2010 roof, screened porch & huge workshop area above garage. Private & convenient near parks, shopping, & restaurants. $364,900. MLS:2146696
page12.indd 1
APEX
SOLD TEXT R499375 TO 52187 BRIGHT UPDATED HOME IN DESIRABLE APEX NEIGHBORHOOD on cul-de-sac street! New granite countertops in kitchen & all baths in ‘15 + custom glass/tile backsplash, stainless appliances, new sinks & faucets and more. New 2017 HVAC, 2016 arch. roof, and brand new carpet upstairs. Other features include cathedral ceiling & new interior paint in Master, gas fireplace in family room, brick patio, ceiling fans, & garage workshop. Pool community. $216,700. MLS:2146017
10/18/17 8:50 PM
Bank Owned Homes ~ Contact ANY Realtor in this Magazine about ANY of These Properties
RALEIGH MLS#2141982 $560,000
RALEIGH MLS#2090671 $140,000
DURHAM MLS#2143079 $249,900
FUQUAY VARINA MLS#2137046 $235,000
RALEIGH MLS#2154418 $169,900
ZEBULON MLS#2145467 $112,000
RALEIGH MLS#2154511 $132,900
APEX MLS#2139743 $249,900
RALEIGH MLS#2140970 $649,900
DURHAM MLS#2154631 $220,000
RALEIGH MLS#2132938 $429,900
WAKE FOREST MLS#2151282 $249,900
Contact any Realtor in this magazine about Any of these Bank Owned Homes. All homes on this page are represented in MLS by a Realtor.
Free Foreclosure List Call Peter Greijn 919-422-9677 Bank1a.indd 1
10/18/17 8:03 AM
www.addressyourdreams.com
LUXURIOUS EXECUTIVE RANCH on 1.23 acres! 4 BDR/4.5 BA Luxe Ranch has 4370sf w/Master & 2 Suites down, 4th BDR/BA up! Chef’s Kitchen w/ Grand Island; Master has Sitting & SpaBath. Clayton ~ $729,000. Tour this home at...Tour Coming Soon!
CALIFORNIA CHIC CUSTOM HOME on 1.26 acres! 5 BDR/5.5 BA w/4614sf has it all! Chef’s Kitchen; Luxurious Master w/fireplace & Spa Bath; 4 MiniSuites; 2 Bonus Rooms; 3 Season Rm w/Fireplace! Clayton ~ $725,000. Tour this home at www.tourfactory.com/1751334
BREATHTAKING All Brick 6 BDR/5.5 BA w/Basement on 1.08 acres! Formal Dining; Kitchen w/grand Island; Study; HUGE Bonus; Stunning Master w/ Spa Bath; Basement Rec Room & Bar! Clayton ~ $675,000. Tour this home at www.tourfactory.com/1758730
MAJESTIC ESTATE on the River! 6 BDR/6.5 BA w/6718sf & Basement; Elegant Formals; Gourmet Kitchen; Keeping Room; Master down & 4 Suites up; Huge Bonus & Suite in Basement! Clayton ~ $569,900. Tour this home at www.tourfactory.com/1688517
EXCLUSIVE EXECUTIVE HOME in gated community! Stunning 4 BDR/3.5 BA w/3468sf has Formal Dining; Family w/built-ins; Gourmet Kitchen; Elegant Master w/Sitting & Spa Bath; 3 Season Rm. Clayton ~ $565,000. Tour this home at www.tourfactory.com/1747769
CUL-DE-SAC LIVING on 1.24 Acres! 4 BDR/3.5 BA w/2 Bonus Rooms & 3561sf. Wrap Porch; Formal Dining; Study w/Built-ins; Chef’s Kitchen; Master on Main. Screen Porch & Deck! Clayton ~ $469,900. Tour this home at www.tourfactory.com/1817596
TBarlettaAB.indd 1
UNDER CONTRACT
10/18/17 9:44 PM
H
lty
m
ww . M yH T R . co
w
919-868-9222
eTowneRea om
EMAIL: tina@tinabarletta.com
www.addressyourdreams.com
BREATHTAKING! 3 BDR/2.5 BA w/3030sf former Parade Winner has upgrades & elegant detailing everywhere! Gourmet Kitchen; Amazing Master Suite; Vaulted Screen Porch & Deck! Clayton ~ $399,900. Tour this home at www.tourfactory.com/1823501
SOUTHERN LIVING! 5 BDR/4 BA w/3834sf. Filled w/ Elegant details; Chef’s Kitchen; Office; Master Retreat w/Sitting. Guest Suite & Bonus up! Great Deck & Screen Porch! Clayton ~ $399,000. Tour this home at www.tourfactory.com/1549157
STUNNING! Custom Built, 4 BDR/2.5 BA w/Bonus on 2.39 acres! Open Flooplan; Formal Dining; Upscale Kitchen; Family w/Built-ins; Master & 4th BDR down; Screen Porch. Clayton ~ $395,000. Tour this home at www.tourfactory.com/1527876
GORGEOUS WATER VIEWS! All brick, 3 BDR/2.5 BA home w/Bonus & 3449sf on .92 acres. Office; Chef’s Kitchen; Sun Room & Deck for lake gazing. Easy access to Buckhorn Lake. Sims ~ $379,900. Tour this home at www.tourfactory.com/1850697
SWEETGRASS! LUXURY 55+ GATED COMMUNITY! 19 Luxurious Cottages built by Kirkwood Builders, Clayton’s Luxury Home Builder. 3 BDR/3 BA Ranch has wide Open Floorplan, 1935sf & Storage Up. Clayton ~ $375,000. Tour this home at...Tour Coming Soon!
RARE GEM! All Brick on 2.5 Acres! 3 BDR/2.5 BA, 3154sf has Formal Dining; Study; Family w/stone wall; Kitchen w/Island; Master w/ Sitting; Big Bonus. Screen Porch & Patio. Clayton ~ $350,000. Tour this home at www.tourfactory.com/1833818
TBarlettaAB.indd 2
10/18/17 9:44 PM
(919)868-9222 • tina@tinabarletta.com
www.addressyourdreams.com
FALL IN LOVE! 3 BDR/2.5 BA, 2869sf home has Formal Dining; Family Room w/built-ins; Kitchen has S/S Appls; Master w/big closet; 2 BDRs & 2 Bonuses up! Screen Porch & Deck. Clayton ~ $299,000. Tour this home at www.tourfactory.com/1865900
SIMPLY SENSATIONAL! Sylish 4 BDR/2.5 BA w/2648sf has great detailing; Formal Dining; Upscale Kitchen; Family w/hardwoods; Master down w/ SpaBath; Bonus & Screen Porch. Clayton ~ $285,000. Tour this home at www.tourfactory.com/1866632
EVERYTHING IS BIG except price! 3 BDR/2.5 BA w/2978sf. GRANDIOSE Formal Dining; LARGE Family; BIG Pantry; MAMMOTH Master w/GIGANTIC Closet & HUGE Bonus. Fenced Backyard! Clayton ~ $240,000. Tour this home at wwww.tourfactory.com/1849846
LOCATION! LOCATION! Appealing 4 BDR/2.5 BA cul-de-sac home. Open floor plan; Separate Dining; Kitchen has island; Vaulted Master w/ SpaBath. Multi-level deck has wooded view. Clayton ~ $239,900. Tour this home at www.tourfactory/1868502
EASY LIVING! NEW 3 BDR/2 BA, 1686sf Ranch w/open floorplan! Kitchen w/Granite, S/S Appls & Eat-at Bar; Wood & Tile Floors; Fireplace; 2 car Garage. Exterior maintenance incl! Clayton ~ $211,975. Tour this home at...Tour Coming Soon!
CUL-DE-SAC CUTIE! This 1748sf, 3 BDR/2.5 BA w/Bonus sits on .69 acre wooded lot. Formal Dining; Cozy Family Room w/Fireplace; Great Kitchen; Master has walk-in Closet. Clayton ~ $210,000. Tour this home at www.tourfactory.com/1879118
Service. Speed. Satisfaction. Don Waters NMLS ID 82361 State Lic. I-108217 Direct 919-795-5622 thedonwatersteam@fairwaymc.com This information is not intended to be an indication of loan qualification, loan approval or a commitment to lend. Other limitations may apply. Fairway Independent www.homemortgagenc.com Mortgage Corporation FIMC NMLS ID#2289 (www.nmlsconsumeraccess.org) EQUAL HOUSING LENDER NC License Number I-108217. NMLS Entity ID #2289
Serving those that serve, Military Mortgage Specialist
TM
(www.nmlsconsumeraccess.org) & MLO-22488VA.
TBarlettaC.indd 1
10/16/17 10:34 PM
Create Privacy, Divided Zones. Escape the hustle and bustle while making a space feel more intimate with the use of barriers like large plants or trees, a pergola, or privacy panels. Designing distinct spaces with divided zones helps create the feel of a secluded getaway and gives each area purpose. Design for All the Senses. The best spaces are those that delight all the senses. In addition to designing a comfortable, beautiful space, consider adding outdoor speakers for music that sets the mood, or a water feature that eliminates street noise. Relax and enjoy the delicious smell of grilling or the experience of roasting marshmallows over an open flame. Consider adding fragrant bushes to fill the night with a sweet scent. Get creative.
Are you looking to get more out of your outdoor spaces? Dreaming of days spent lounging al fresco with friends and family? You’re far from alone. “The research shows the most loved areas of the home combine relaxation, socialization and functionality,” says Stephen Schroeter, Napoleon Products senior vice president of Sales and Marketing. “Outdoor spaces provide a great opportunity to accommodate all three, yet they are still vastly underutilized by most homeowners.” He has some top tips for creating the dream outdoor oasis: Add an Outdoor Kitchen. Outdoor kitchens are growing in popularity, and for good reason. Not only do they meet a basic need, but they do so in a fun, engaging atmosphere. No one wants to be stuck inside preparing a meal when the party is out under the sun—or stars. The showpiece of every great outdoor kitchen is a quality, professional grill, either freestanding or built-in. Other culinary considerations include outdoor refrigerators or coolers to keep beverages cold and flowing freely, pizza ovens, and sinks for easy clean-up. Establish a Gathering Place. One of the most important features of an outdoor space is an area for socialization. A central location with a variety of seating options creates a welcoming atmosphere. Consider a built-in fireplace or a fire pit to provide a focal point and enable the space to be used later into the season.
Add Accents. Small touches can go a long way. Homeowners can personalize a space with items that define their style and personality or focus on a fun theme. Don’t be afraid to add bold pops of color—an outdoor living area is a great place to explore a more adventurous design than you might consider inside the home.
HOME SAFETY: BEST PL AC E S TO P U T S E CU R I TY CAMER AS
If
you’ve decided to put up security cameras for your home for the first time or are considering widening your safety net, knowing the proper way to place and angle your cameras is vital to keeping your home as safe as it can be. Not only can proper camera placement catch important details of possible crimes in your area, simply placing them properly can deter a crime from happening in the first place. The most important factor in judging where to place a camera is simple: Your home is your home. You know what the layout is, you know where the most important rooms are, and you may be in the unfortunate position of knowing how someone entered your home without your permission in the past. Before you begin placing any equipment, consider some basic questions about your home’s surveillance needs. Some questions to consider include:
• What parts of your home are you most concerned about? • If someone has broken into your home before, even before you owned it, where did that occur? • Are there any spots on my property that aren’t plainly visible to the street or my neighbors? • Do you need to keep any local camera placement laws in mind? Though you may come to a variety of conclusions and potential diagrams for your home security systems, consider the usual entry points for potential burglars when casing a home. Knowing the most common routes of entry can take a large portion of the workload off of you simply by observing recorded statistics. With over 80 percent of burglars
entering a home through the first floor, whether through door or window, it’s especially important to keep the entirety of your property’s entryways covered. At the same time, trying to cover low locales, such as your doors and windows, may leave cameras in easy reach of criminals, thus completely negating their usefulness. If you find you have a lack of safe places to place a camera, consider looking into protective caging for your equipment to protect it from being knocked out of order while you aren’t looking. This is also a good time to contemplate what special tools you may need to complete your installation, so ensure you check your camera system to see its recommended outfitting requirements that might need special preparations. While losing a camera can mean losing important evidence to help identify vandals or thieves, there are clever ways to keep yourself safe that might goad a criminal into making a misstep. Placing a dummy camera in obvious sight not only deters crime by showing you keep your home under tight watch; it also gives an easy target to a potential burglar that can distract them from hidden cameras that catch them in the act. As an added bonus, dummy cameras are far cheaper to replace than expensive professional models. Most importantly, you must consider the features of each camera when placing it. Cameras cannot focus on multiple ranges and angles at once, so if you want to catch a trespasser’s face on video, mounting your camera up too high can miss their distinctive features, but a raised camera may have a better time picking up a car’s license plate when placed overlooking your driveway. In the end, even poorly-placed cameras will offer better home security than not having any at all, but there’s no reason to leave proper home security to chance. Knowing how to place your first line of defense can keep you safe before and after any crime, and knowledge is always your best weapon.
The ABC’s of Flood Insurance BY B A R B A R A P RO N I N
Many home buyers are surprised to learn that while most standard homeowner’s insurance policies may cover water damage caused by a burst pipe within the home, they may not cover damage caused by an overflowing river. Because only a few inches of flood water can cause tens of thousands of dollars in damage, some lenders may require the purchase of flood insurance before closing – even if the property in question is not in a high-risk area. Lender requirements in this regard are communicated in their instructions to escrow when loan documents are issued. Who determines whether, or how much, flood insurance is required? What do agents and their clients need to know? The answers are as simple as ABC:
A
B
C
WHO MUST HAVE IT?
WHO SELLS IT AND HOW MUCH DOES IT COST?
WHAT DOES IT COVER?
With assistance from the U.S. Army Corps of Engineers and local flood control authorities, the Federal Emergency Management Agency (FEMA) maintains flood insurance rate maps for communities nationwide. The maps are divided into flood zones denoting high, moderate or low risk of flooding. It makes sense that mortgage lenders require flood insurance for coastal homes or homes in other high-risk areas. But historically, says the National Flood Insurance Program (NFIP), about one in every four flood claims comes from moderate or low-risk areas, where federal law does not require insurance. Hence, many lenders may require flood insurance in all flood zones, regardless of risk, especially for federally regulated or insured (such as FHA) loans.
The NFIP, managed by FEMA, offers flood insurance to homeowners in participating communities, and provides small discounts to communities that take steps to mitigate flood risk. The actual policies are sold not by FEMA, but by private insurance companies. Since NFIP coverage tops out at $350,000 for one’s home and possessions (see C, below), ‘excess flood insurance’ may be purchased to cover claims above the NFIP limits. In many regions, state flood insurance plans offer perks such as a 15-day waiting period before coverage kicks in, as opposed to 30-days with NFIP plans. The cost is determined by such factors as the level of flood risk and the estimated cost to rebuild. While flood insurance premiums are government-regulated, homeowners can retain some control over their cost by varying the deductible amount.
Flood insurance generally covers direct losses caused by flood waters, but actual coverages will vary based on the specific facts of the incident and the provisions and exclusions in the applicable insurance policy. The maximum insurance amount allowed by law is $250,000 for the structure. (While people tend to associate floods with total loss, the average flood claim is about $30,000, according to NFIP.) Contents coverage for furnishings of up to $100,000 is optional. However, neither building nor contents flood insurance will most likely cover the loss of certain personal property (such as currency) or living expenses such as temporary housing while the home is being repaired.
Linda Powell
919-772-0020
LPowellRealtor@nc.rr.com
Your Hometown Realtor
Visit Us at www.PowellRealty.net
Text R537369 to 52187 BOYLAN HEIGHTS OPPORTUNITY. All brick, Beautiful hardwoods through out home, high ceilings, built in china cabinet & built in spice cabinet in a very workable kitchen. Dining room accents kitchen and sunroom off this area gives a wonderful view of back deck and 3 car garage with original doors [not attached]. Basement has full bath and rooms used for computer area, laundry room ,and music room. $625,000.
Text R159914 to 52187
Text R570441 to 52187
HOME OVERLOOKS 4TH FAIRWAY OF NEUSE GOLF CLUB. Spectacular view of Neuse River! All hardwoods and ceramic except upstairs bedrooms. Master bedroom/bath has two sided fireplace. Office has wet bar, built-in cabinets, and shelves. Sunny rec room, with adjoining storage. Extended storage in rec room and office. Whole house and deck stereo. Ceramic back splash to be installed Square footage from Appraisal. $525,000.
COUNTRY LIVING AT ITS BEST, lots of space inside and out. 1.9 acre lot, unrestricted. Formal dining, masonry fireplace accents the living room, eatin kitche . Master down with second spacious bedroom as well. Large walk in storage up with another bedroom and a full bath. Spacious deck for cooking and over the upper deck there is a sundowner awning. $275,000
Text R453722 to 52187
Text R532221 to 52187
Text R484832 to 52187
BEAUTIFUL HARDWOODS in the living room and parquet floors in the kitchen. Nice wooded lot. Spacious breakfast area with a separate dining room. Some TLC and this could be a great home Great location for shopping, just minutes to White Oak, easy access to hwy 70 or I40. $154,900
PRIVACY ABOUNDS in this quality built spacious home. Beautiful hardwoods in the living room and dining area. Crown molding and chair rail in in great room and dining. Many upgrades in this home. Large master with sitting area, spacious master bath. Lots of unfinished space in upstairs all floored. Beautiful ceramic floors in kitchen with mosaic in center. A must home to see. $239,500
MAJESTIC TRACK OF LAND! Great for 1 Family with space for horses or would make a great area for new homes. Close to shopping, churches, and parks. Backs up to White Deer Park in Garner with walking trails. $1,560,000
LPowell.indd 1
10/18/17 9:31 PM
5 QUESTIONS to Ask Every Agent Before Listing Your Home
As encouraging news of the reviving housing market gains momentum, many homeowners will again consider selling their home. If you’re like most sellers, a home is your single largest financial asset, and the commission paid to a real estate professional is substantial. Therefore, you should have high expectations of an agent, and fully understand the strategies and tools they use to market your home. To be sure your home is sold quickly and for the best price, ask an agent these questions before listing your home with them: How will you market my home to local buyers? Real estate remains hyper local. In 2016, the National Association of REALTORS® reported that home buyers only moved about 14 miles from their previous residence.
What types of media will you use to advertise my home?
Buying a home typically takes about three months from the time a buyer starts their search to signing a contract. During that time, buyers continue to work, shop, eat, and play in areas adjacent to their current home and community. Ask your agent how they plan to reach local buyers.
In today’s multi-media world advertising is everywhere, and the way consumers find information is constantly changing. Be cautious of agents who use only the web to market your home. Your agent must understand the importance of multiple media, like social media, mobile apps, text codes, local real estate magazines, direct mail and other printed materials to actively reach out to buyers everywhere—not just passively hoping for buyers to find your listing online.
How will you market my home to out of market buyers?
How are you going to realistically price my home?
While many potential buyers will be local, depending on your home and surrounding area, out-of-market buyers could also prove to be a valuable audience. While ensuring that your home is listed on one of the many MLS services online is a great start, it doesn’t constitute an aggressive marketing program for your home.
Pricing a home requires an intimate knowledge of the market to get it right. You want to get the best price, but there can be a disconnect between your expectations as a seller and the price for which your home will realistically sell.
To get the best results, successful agents must use outbound, direct marketing and other avenues to reach buyers in other areas. How will you market my home to other local top agents? Holding open houses is always a good investment. Both agents and local home shoppers can actually see the unique character of your home versus just looking at online photos. It engages other local agents, which can also bring you a buyer more quickly. Additionally, professional quality printed materials like flyers and postcards keep your home in front of them long after they walk out the door.
If an agent overprices your home, it may ultimately sell for less than it would have if priced correctly from the beginning. It could also create conflict with the bank’s appraisal when the buyer tries to secure a mortgage. Ask to see a comparison of list price, sold price, and number of days on market for your agent’s ten most recent transactions. Homes that sit on the market too long and go through multiple price reductions are typically overpriced. Calculate the commission you pay to get your home sold and we think you will agree that you have the right to expect a very aggressive campaign. The best agents in your town will meet or exceed the expectations that we’ve laid out here and you deserve to work with only the best.
17M026B-032817
page18filler.indd 1
10/18/17 10:26 PM
reddoor.indd 1
10/16/17 9:46 PM
on your land
RED DOOR TRADITIONS
SIMPLY SOUTHERN
(910) 427-0260 | RedDoorHomesNC.com |
BUILD
CAROLINA ELEGANCE
MAYBE YOU NEED TO LOOK AT THINGS DIFFERENTLY?
Pittsboro 919/545-2333 Siler City 919/663-0073 Apex 919/387-9494 $1,990,000
2908 GOLDSTON ROAD, GOLDSTON Private Deep Water Lake on 60 Acres of Prime Hardwood Forest & Open Pastures, 3 Homes, Once in a Lifetime Property! MLS#2126800 TEXT R339474 TO 52187
$650,000
CHAPEL RIDGE
3007 OLD RALEIGH ROAD, APEX 1900 SqFt, 3 BDR/1.5 BA, 1.85 Acres Great Location, Ranch House, Detached DBL Garage MLS#2126295 TEXT R336395 TO 52187
$486,500
$474,900
967 BYNUM RD, PITTSBORO 2860 SqFt, 4 BDR/2BA, 1 Acre Historic Charm w/Modern Convenience, Walk to Haw River/Trail Access MLS#2152059 TEXT R542480 TO 52187
280 COUNTRY LANE, PITTSBORO 2868 SqFT, 4 BDR/3BA, 2.180 Acres Solar, Energy Star Appliances, Rinnai Water Heater, Orchard, Fenced + MORE! MLS#2124826 TEXT R325271 TO 52187
$433,200
$425,000
HILLS OF NORTHRUN CHATHAM TURKEY
137 HENRY COURT, PITTSBORO 3075 SqFt, 4 BDR/3.5 BA, 3.891 Acres Formal Dining, Granite, Bonus Room, Office, Screen Porch MLS#2139352 TEXT R453713 TO 52187
$379,000
HILLS OF NORTH HILLS
24 HENRY COURT, CHAPEL HILL 2400 SqFt, 3 BDR/2.5 BA, 3.315 Acres 1st Floor Master, Open Plan, Bonus Room, Privacy MLS#2121038 TEXT R298478 TO 52187
763 FOXFIRE TRACE, PITTSBORO 1848 SqFt, 3 BDR/2BA, 19+ Acres Walking Distance to Haw River SP/Walking Trails, No Restrictions! MLS#2154686 TEXT R563665 TO 52187
$549,000
COKER 13+ ACRES HILLS
893 ALTON ALSTON ROAD, PITTSBORO 2140 SqFt, 4 BDR/2.5 BA, 13.38 Acres Open Floor Plan, Hardwood Floors, 3 Covered Porches, Horse Barn & Adjoining Paddocks MLS#2144111 TEXT R485865 TO 52187
$434,800
THE PRESERVE AT SMITH CREEK
3587 ARBOR PLACE, WAKE FOREST 3138 SqFt, 4 BDR/3 BA, 1.058 Acres Gourmet Kitchen, Theater Room w/System, Screen Porch, Fenced Yard, Cul-De-Sac MLS#2130738 TEXT R368607 TO 52187
$425,000
SHAMBLEY MEADOWS
938 HADLEY MILL ROAD, PITTSBORO 3131 SqFt, 4 BDR/3 BA, 1.82 Acres Custom Home, Gourmet Kitchen, Huge Study, Bonus Room and MORE! MLS#1962402 TEXT T11797422 TO 85377
$255,000
$259,900
60 SUMMERSWEET LANE, CHAPEL HILL 1425 SqFt, 3 BDR/2.5BA, 0.075 Acres Granite Countertops, Tile Backsplash, Screen Porch, PVC Privacy Fenced Yard MLS#2153238 TEXT R551676 TO 52187
1955 MOUNT GILEAD CHURCH RD, PITTSBORO 1217 SqFt, 3 BDR/2BA, 2.500 Acres Brick Ranch, Many Updates, 40x30 Workshop, 2 Sheds MLS#255452 TEXT R566539 TO 52187
www.ChathamHomesRealty.com Chatham.indd 1
10/15/17 9:33 PM
WHEN IT’S TIME TO SELL, OUR ADVERTISERS DELIVER QUALITY RESULTS
Agents that advertise in The Real Estate Book® are qualified, knowledgeable about your local area, and determined to meet your needs, making them a perfect fit to sell your home. Our advertisers understand the need to stand out from the crowd everywhere - online, in print, and especially in their local market. We provide real estate agents with the tools necessary to be successful, and most importantly, sell your home.
So, if you’re getting ready to list, make sure The Real Estate Book® is your first stop.
16DV40_NPMG_TREB_Flyer_TopAgents_Digest.indd 1
12/20/16 10:49 AM
onerealty 919-751-HOME 7277 NC Hwy 42 West, Suite 211, Raleigh, NC 27603
TEXT R443498 TO 52187
TEXT R362639 TO 52187
TEXT R443536 TO 52187
TEXT R369725 TO 52187
TEXT R467058 TO 52187
TEXT R405999 TO 52187
3BD/2.5BA 3032 SF $2,100,000 MLS#2138319
4BD/3.5BA 3245 SF $685,000 MLS#2104045
TEXT R305963 TO 52187 4BD/8BA 8470 SF $950,000 MLS#2122106
astephens.indd 1
5BD/4BA 5969 SF $830,000 MLS#2130029
5BD/2BA, 2023 SF $159,825 MLS#2132395
CALL Us to Have Your Listing Seen Here!
3BD/3.5BA, 3865 SF $969,000 MLS#2138265
5BD/3.5BA, 3744 SF $429,900 MLS#2134014
TEXT R572006 TO 52187 3BD/2BA, 1411 SF $161,000 MLS#2154551
10/18/17 9:33 PM
April Stephens
The April Stephens Team Broker/Realtor
RE/MAX One 919-625-0211 www.AprilStephens.com
“Your Advantage in Real Estate”
TEXT R314337 TO 52187
TEXT R64146 TO 52187
TEXT R295617 TO 52187
TEXT R566550 TO 52187
TEXT R563595 TO 52187
TEXT R437075 TO 52187
TEXT P301949 TO 52187
TEXT R64146 TO 52187
TEXT R547564 TO 52187
4BD/2.5BA 2478 SF $349,900 MLS#2089253
4BD/3BA, 3372 SF $345,000 MLS# 2149704
3BD/2.5BA, 2675 SF $334,900 MLS#2149660
TEXT R467772 TO 52187
TEXT R471119 TO 52187
TEXT R521721 TO 52187
4BD/3.5BA, 4821 SF $599,000 MLS#2115803
4BD/4.5BA, 3555 SF $459,900 MLS#2155514
3BD/2.5BA, 1675 SF $165,000 MLS#2141756
4BD/3BA, 3128 SF $500,900 MLS#2079461
4BD/3BA, 2708 SF $384,900 MLS#2149981
3BD/2.5BA, 2003 SF $154,900 MLS#2142150
3BD/3.5BA, 3205 SF $499,850 MLS#2115294
3BD/2.5BA, 2862 SF $350,000 MLS#2135700
4BD/2BA, 3111 SF $250,000 MLS#2149097
Service. Speed. Satisfaction. Jumbo Loans at 90% LTV* Call for details * LTVs and CLTVs may vary by loan amount. Copyright©2016 Fairway Independent Mortgage Corporation. NMLS#2289. 4801 S. Biltmore Lane, Madison, WI 53718, 1-877-699-0353. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Equal Housing Lender.
astephens.indd 2
TM
Dawn Turrone NMLS ID 130978 Sr. Loan Officer Direct 919-422-0301 dawnt@fairwaymc.com www.dawnturroneloans.com
10/18/17 9:33 PM
QUICK MOVE-IN HOMES WITH SPECIAL SAVINGS!* From $3,000 - $10,000 - Ask for details!
$5,000 SAVINGS!*
$5,000 SAVINGS!*
$5,000 SAVINGS!*
38 Stoneside Circle, Clayton 3 BDRMS / 3 BATHS 2,404 SF + 2,404 SF Unfin BSMT MLS#2114281 / $295,025 919-926-5579 / Move-in Ready! KnollsattheNeuseNC.com Text R504820 to 52187 RANCH W/BASEMENT
58 Crestone Court, Clayton 4 BDRMS / 3 BATHS / 2,508 SF MLS#2141888 / $249,535 Move-in Ready November 919-926-5579 KnollsattheNeuseNC.com Text R504831 to 52187
$5000 GRAND OPENING SAVINGS!*
37 Stoneside Circle, Clayton 3 BDRMS / 2.5 BATHS 2082 SF + 1,257 SF Unfin BSMT MLS#2114266 / $268,725 919-926-5579 / Move-in Ready! KnollsattheNeuseNC.com Text R504821 to 52187
41 Eton Court, Clayton 3 BDRMS / 3 BATHS 2,404 SF + 2,404 SF Unfin BSMT MLS#2129585 / $306,120 Move-In Ready / 919-926-5575 DiscoverWinstonPointe.com Text R504825 to 52187
49 Springhill Lane, Garner 3 BDRMS / 3 BATHS / 2,404 SF MLS#2148603 / $298,200 Ready November / 919-926-5531 Model Grand Opening! SaulsFarmNC.com Text R574988 to 52187
38 Springhill Lane, Garner 4 BDRMS / 3 BATHS / 2,809 SF MLS#2148615 / $304,510 Ready November / 919-926-5531 Model Grand Opening! SaulsFarmNC.com Text R539506 to 52187
2025 Delphi Way, Wake Forest 3 BDRMS / 3 BATHS / 2,404 SF Ranch on 1 Acre MLS#2111670 / $336,175 Ready November / 919-926-5502 VernonPlaceNC.com Text R504816 to 52187
2024 Delphi Way, Wake Forest 3 BDRMS / 3.5 BATHS / 2,082 SF Acre Sized Homesites MLS#2113011 / $338,375 Move-In Ready / 919-926-5502 VernonPlaceNC.com Text R504818 to 52187
110 Live Oak Dr, Louisburg 3 BDRMS / 2.5 BATHS / 2,266 SF Main Level Living on 3/4 Acre MLS#2122772 / $245,505 Move-In Ready / 919-926-5533 WoodlandsatRoyal.com Text R504826 to 52187
SCREENED IN PORCH INCLUDED
FONVILLE MORISEY BAREFOOT NEW HOME SALES & MARKETING
barefoot.indd 1
$10,000 SAVINGS!*
$5000 GRAND OPENING SAVINGS!*
$6000 SAVINGS!*
www.SmithDouglas.com *Incentive applies to featured homes with accepted contracts that close by 11/30/2017. Subject to change without notice. See Sales Associate for details.
VISIT OUR MODELS OPEN DAILY
10/19/17 7:39 AM