Aug. 17, 2006 - Cary NC Real Estate Blog By Cary Realtor Tracy Santrock
Welcome to my Cary NC Area Real Estate Blog. This blog provides Cary NC real estate information and resources to guide homeowners and buyers through the process of selling and buying a house, townhome or even investment property.If you are interested in Raleigh-Cary Real Estate, please e-mail me here for a personal response! Thanks and let's get blogging!
Jan. 26, 2010 - Wexford Features Spacious Homes just 5 minutes from RTP!
Wexford is an established neighborhood in Morrisville built by the premier builder Orleans Homes. I have a listing going on the market in this terrific neighborhood tomorrow so I thought I'd highlight some of the benefits of living in Wexford in Morrisville.
City: Morrisville
Location:
Just West of McCrimmon Parkway and Davis Drive. Wexford is located in Morrisville and is one of the closest neighborhoods to RTP.
Neighborhood Facts:
Homes built from 2003 through 2006
Price range is from the low $320s -$400s
Square Footage from 2600 Square Ft. to 4000+ Square Ft. homes with finished attics
Just 5 minutes from RTP makes this neighborhood a perfect neighborhood for a convenient commute into RTP
Built by Nationally recognized Orleans Homes
Location next to McCrimmon Corners shopping center allows easy access to shopping, dining, and banking in Morrisville.
HOA fees for 2010 are an affordable $610/year and dues include access to the community pool.
Carpenter Elementary School was recently recognized by the state as a School of Excellence for exceeding all educational goals for the year. Students attend Carpenter Elementary which operates on a year-round calendar which is divided into nine-week quarters with a three-week break at the end of each quarter.
Western Wake Regional Library
Cary's newest library, which opened in the Fall of 2006, is located just a mile South of Wexford. The library features 70 public computers, WiFi Internet access, conference room, six service desks, a drive-up book drop, study rooms, and a multipurpose room for kids' and adults' events.
McCrimmon Corners is the shopping center located just outside of the Wexford Subdivision in Morrisvill. Harris Teeter is the main anchor, although there a number of other shops including two banks, restaurants, Cingular Wireless, and many more.
Jan. 22, 2010 - Charming Carpenter Village is a great neighborhood to call home!
City: Cary
Location: Between Davis Drive and HWY 55 off of Morrisville Carpenter.
Carpenter Village is located in Cary, North Carolina on Morrisville Carpenter Road just west of the intersection of Davis Drive and Morrisville Carpenter Road. Carpenter Village is one of the closest Cary neighborhoods to RTP.
Neighborhood Facts:
Price range is from the low $200s -$700s with the exception of a few higher priced lakeside homes
Located in the fast growing Northwest Cary area.
Several options from Townhomes to Estate Homes
Sections within Carpenter Village:
Estate Homes suited to grand entertaining and comfortable family living, situated on large homesites, offering 3 car garages and many with lake views.
Executive Homes These custom homes feature solid surface counter tops, spacious living and entertaining areas and 2-car garages, many with ally-way access.
Neighborhood homes are classical single family homes with grand gables, copper roofs protecting bay windows, classical pediments enhanced with dentils, elliptical fan lights and square mullioned transoms.
Charleston Homes are historically inspired, southern styled row homes, with verandahs, balconies, piazzas, and garages discretely tucked away and entered from the rear of the home. Several of the Charleston Homes have wrap around porches.
Carpenter Village Townhomes
Executive Townhomes have were built 2000 and later, have brick front elevations, and have lots of light, open, flowing, floor plans and generous storage space.
Custom built townhomes by Impact Design-Build priced from the $170s with 2-Car Garages.
Legacy at Carpenter Village. Newest section of Carpenter Village North of Morrisville Carpenter Road. Legacy at Carpenter Village offers a nostalgic streetscape of innovative townhomes and single-family homes.
Builder Team in Carpenter Village:
Amward Homes
Cattano Construction, Inc.
Impact Design-Build
JamesTowne Homes
Richard Gaylord Homes
Upright Builders
Upton Construction
Wardson Construction
Key Neighborhood Highlights:
The Village Market Place
The Village MarketPlace as a variety of merchants and services, all available within walking distance of the homes. Some of the merchants include a dry cleaners, day care, salon, and music school. In 2007 another building will be built with additional merchants to come.
Lake & Walking Trails
Carpenter Lake is a beautiful 22 acre lake with mature trees lining much of the shore. A canoe or small sailboat would be a perfect way to spend a mid summers day on the lake. Carpenter Lake offers walking trails that meander through the trees, along the shore line. The path is wide and paved and very inviting for an after dinner stroll.
Playgrounds
The children's playgrounds are conveniently just a stroll away. Parents and children walk to the playground and enjoy the swings, slide and ladders.
Tennis and Volleyball
Tennis and Volleyball are part of the recreation area and can be utilized by all Carpenter Village residents.
Carpenter Elementary School
This is the neighborhood Elementary School which opened its doors in the fall of 2006. Carpenter Elementary School was recently recognized by the state as a School of Excellence for exceeding all educational goals for the year.
Western Wake Regional Library
Cary's newest library, which opened in the Fall of 2006, is located within walking distance of Carpenter Village. The new library features 70 public computers, WiFi Internet access, conference room, six service desks, a drive-up book drop, study rooms, and a multipurpose room for kids' and adults' events. The library is situated with a view to a community lake. There are also many nearby walking and biking trails.
This community was developed by the same award-winning team that is now building in Falls River in N Raleigh, Westin Oaks in Cary, and soon to be building in 12 Oaks in Holly Springs.
Jan. 22, 2010 - Amberly in Cary is a thriving neighborhood for many NC transplants
Amberly in Cary is a planned community, when completed, will offer natural areas, retail space, shopping areas, 276 acres of common areas, miles of greenway trail and many exclusive amenities!
Amenities include a gymnasium, village green, event lawn, children's playground, Jr. Olympic pool, family fun pool, and residents club. Within the residents club you'll find a fitness center, aerobics room, children's play room, teen room, decks and patios and flexible meeting areas. With an abundance of amenities and an incredible location, Amberly is a must see community!The two primary builders at Amberly are KB Home & Pulte Homes. At present, the prices range from the low $200's & $300's for KB's town home and single family home products, to the $500's for Pulte's Blackstone at Amberly Neighborhood.
The Peninsula - custom homes from the $400s to $800s, custom lot sales will begin in February from the $120s (very limited supply). Builders are 1st American Builders and Royal Oaks Building Group. Estate Home builders and prices to be announced soon.
Village Square - single family and townhomes from the $300s to $600s, built by the Bedford Builder Group (great variety of homes, including 3-story brownstone townhomes with elevators).
Blackstone - Pulte Homes from the $330s
Arlington Park & Lexington Park - KB Homes from the $200s
Amberly can now be accessed through Carpenter Fire Station or the newly opened McCrimmon Parkway.
One question that comes up often-Where will my children go to school with all of the growth? Not to worry. Panther Creek High School opened last year on McCrimmon Parkway. This high school will be grades 9-12 through the 2008-2009 School Year Click Homes For Sale in Amberly to view current homes for sale throughout Amberly in Cary.
Amberly in Cary was established in 2006 and has really matured into a great neighborhood in Northwest Cary - we like to call the area "New Cary". If you have any questions on Amberly in Cary please feel free to give me a call.
Jan. 21, 2010 - Dear Mr. & Mrs. Seller - Having trouble selling your house?
Open Letter to Home Sellers,
As a top listing agent for Fonville Morisey in Cary I offer sellers strong advice if they are selling in the current market. The first 30 days is the most critical stage in marketing a listing and selling a home. Sellers are finally realizing that you need to put your best foot forward in getting your home ready to sell. In today's environment it is critical to do everything possible to get your house ready and you must price your home appropriately to get the highest price possible. And, no, home prices today are not what they were in 2006!!
Here are some things you can do to improve the marketability of your property:
Appropriate pricing for the neighborhood and size
Enhanced the landscaping
Signage
Brochure on the property
Presented listing to Fonville Morisey offices that show in your area by giving exposure to over 800 agents in other offices
Enhanced Realtor.com listing
Marketing Book to help sell the community, schools, neighborhood, area
Virtual Tour
Contacted all agents showing in your area and price range to let them know about this property
Syndicate the listing on Trulia, Zillow, and all other online marketing sites for maximum exposure
Listing syndicated to multiple web portals for optimal syndication
Appropriate online precense to attract the maximum number of buyers
The best listing photos-use a professional photographer
More photos with the Enhanced Realtor.com option
Glowing description of the property
Featured Agent/Homes on Trulia.com so your listing gets more exposure
Shop/Follow your competition - make sure you understand who you are competing with to sell your home - what neighborhoods, new construction, etc.
Selling your home in a tight market is tough. Even tougher is a whopping 30% increase in inventory from this time last year. At this stage of the game it's not about what transpired during the boom time. That window of opportunity is gone. We need to think about what is going on in today's market. Today's market is slow so we need to generate some creative ideas that will sell your home. The reality is that prices have even dropped, on average, 10% from 2008/2009 in most areas.
Here are some ideas that I'd like to throw out to incent the current "pool of buyers" out there to take a hard look at your home. Things like:
Buyer Agent Incentive
Staging
The dreaded price reduction
Open House
Generate market demand by indicating that a decision will be made on the "Best Offer" by the end of the month
Creative advertising on Craigslist with a call to action
In the winter the market really slows down. In 2009 we saw a 20% decline in sales year over year in combination with the increase in supply of homes. If you would like to meet with a Fonville Morisey Listing Agent to discuss how to sell your home for top dollar in the shortest amout of time feel free to give me a call.
In 2007 I wrote a post about the Preston neighborhoods in Cary. Since I just listed a property in Preston Village and I work out of the Preston Fonville Morisey office, I thought I'd write about this wonderful section within Preston.
Preston Village is a neighborhood section of executive homes that is a part of Preston, a country club community in Cary, NC. Preston Village is located just off of Davis Drive between High House Road and Morrisville Parkway. One of the big selling points of this neighborhood is the location! Preston Village is just a short 10 minutes to Research Triangle Park (RTP) and the RDU Airport!!
Preston Village was developed in the mid 1990s and included a strong builder team:
the last few lots were built by local custom builders
Other Details:
Price Range: $500k-$700k
HoA Dues: $420/Year
Amenities
Neighborhood amenities include a playground, a lake with a gazebo over the water, and sidewalks. There is also a Circle on the Green. This is a large area where various community functions are held.
Pool and tennis are currently not included in HOA dues. However, the neighborhood HOA is taking a vote this month on weather or not to takeover the swimming pool and convert it into a neighborhood pool. For more information on joining the country club go to Prestonwood's website at Prestonwood Country Club. I am also a member so feel free to shoot me an email if you have any questions on the memberships.
Schools
Wake County is known for some of the best public schools in the country and the schools for this neighborhood are traditionally ranked at the top. For more information visit Wake County Public Schools website. The current assignments as of this printing are:
Green Hope Elementary
Davis Drive Middle School
Green Hope High School
Don't miss out on an opportunity to live in this wonderful community! If you are looking for a luxury home in an excellent location then Preston Village's can't be beat! Just minutes to Stone Creek Shopping Center, Prestonwood Country Club and even close proximity to RTP and the airport.
Jan. 19, 2010 - Cary Achieves a Decade of Growth and Prosperity
I must admit the landscape of Cary NC has changed dramatically since I moved to the area in 1994. When I moved to Cary my friends at UNC in Chapel Hill thought that I had moved to the end of the earth. I grew up in a town with a high growth rate similar to Cary's in North Dallas, Texas so I knew the town had the potential to explode. At the time the only grocery store around was the Kroger on Kildaire Farm Road and High House Road was a 2-lane road!!!
As we look back at Cary over the past 10 years the decade has brought many new and exciting venues that have transformed this town into a booming metropolis. Here is a short look at Why I Love Cary!
Growth
66% in the Cary/Apex/Holly Springs Morrisville areas since 2000 from 137,338 residents to 227,556 residents
Business
Availability of commercial real estate in the area has grown 5% to 4M Square Feet according to Karnes Research
RTP commercial real estate grew 73% in the last decade
Growth of available shopping center space grew 47%
There is now a mix of national retailers, diverse restaurants, local shops and small ethnic grocers
Arts & Culture
Koka Booth Amphitheater seats up to 7000 people and hosts events 100 days out of the year
In Apex the former Mayor's office has been renovated and opened as the Halle Cultural Arts Center
Holly Springs opened their own Cultural Center in 2009. This center hosts plays, photography shows and movie nights
Every 2nd Friday of the month Fuquay Varina hosts Art After Dark
Sports
Cary is now a major player in the national sports scene
USA Baseball Complex opened in 2007
WakeMed Soccer Park attracted the ACC and NCAA Championships and the Raleigh Railhawks
Cary became one of six places in the country to be designated an NCAA Championship City, with the potential to host college tournaments in mens and womens sports during a four-year period
By 2012 Cary will have hosted six NCAA chapionship tournaments in soccer, baseball, cross country and tennis
Schools
4 New High Schools in the area include Green Hope High, Holly Springs High, Middle Creek, and Panther Creek High
Student enrollment grew 47% to 139,600 students
22 new schools opened in Cary, Apex, Morrisville, Fuquay-Varina and Holly Springs
If you are thinking of relocating to Cary it is clear to see that there are many wonderful reasons to call the area home! It is also evident that, as the Cary area has grown during the past decade the town has also matured in the process. Cary will continue to be one of the Best Places to Live in 2010!
Enjoy entertaining friends & family on the screened porch & stamped concrete patio of this well-maintained Craftsman style home in popular Cary Park! The gourmet kitchen has all the bells and whistles including 42" maple cabinets, large center island, comfortable breakfast area, granite countertops,& travertine backsplash. Master Suite includes his-and-her closets, granite countertops, separate shower & garden tub. Don’t miss the finished 3rd floor which features a full bath & plenty of space for the kids and their friends. Walk to the Cary Park Swim Club. Convenient access to shopping, Mills Park schools, I-540, and RTP!
Jan. 3, 2010 - Have we hit bottom? What's ahead in 2010 for Wake County Real Estate
It’s a new year and a new real estate market. i've seen a flurry of activity in the past week. I’m incredibly bullish on the Wake County NC real estate market for 2010. The consensus on the market is that we have hit Bottom and are poised for recovery in 2010 which will be clear from the numbers below.
What is going on with the Triangle real estate market in general?
Interest rates continue to remain low, the US housing market seems to be picking up in a number of areas in the country, the stock market has recovered ~20% in 2009, inventory is declining, and the government extension of the 1st Time & Homebuyer and repeat buyer tax credit will help jump start the market in Q12010. Experts around the country predicted the Triangle NC housing market would be the last into the market downturn and the first to recover from the market decline. Based on what I’m seeing this philosophy could hold true.
Our residential real estate market depends on supply and demand as well as the amount of money available. There are a couple of factors at play here that could impact the recovery or at least extend the recovery into the 2nd half of 2010:
Tightening of underwriting standards
Higher than expected unemployment rate
Families that are relocating from other areas are bringing less cash/equity with them which is effecting the affordability of housing, especially in the high price ranges.
How do sales this year compare to the banner years?
2006 was a banner year in Wake County and the peak of the real estate market. Since that time period sales have declined year over year with the exception of Q42009. In 2009 85% of all home purchases were less than $350k which demonstrates the impact the 1st Time Homebuyer tax credit had on the Q42009 numbers and the biggest spike in home sales since the market declined in 2006.
I thought I'd include numbers from the MLS that indicate the change in the market year over year in Wake County for your reference. Comparing Q42009 Wake County numbers with Q42008 Wake County numbers the changes are quite dramatic:
YTD homes sales are now off by just 26%
This is the 1st November in memory that home sales exceeded June/July closings
Supply of homes on the market is generally off during the 4th QTR but declined 39% compared to Q42008
Number of homes under contract are up a respectable 15%
Average Days on Market has also stabilized at 83 DOM but could use some improvement during 2010
What about the supply of inventory for Wake County in particular?
The average supply in the Wake County area is running at 7 months supply. This number is up from the glory days but getting closer to market stabilization with 6 months supply of inventory.
What about market appreciation?
Fortunately, in this area, we have not had the run up in prices experienced around the rest of the country which has helped maintain some stability in sales and pricing. Typical appreciation rates in the Triangle ran 3-4% consistently over the past several years. However, most appraisers that I work with are discounting home prices 10% from last years numbers. This means that anyone that purchased in 2006 or after will have difficulty breaking even on their homes if they have to sell in this market. This is the first year in real estate I’ve had difficulty with appraisals and having sellers bring cash to the closing table. While this must be difficult for many homesellers to swallow it pales in comparison to other areas in the country like Florida, Arizona, and California.
Here are some additional variables to consider if you like to look at numbers:
Average Detached Sales Price $267,597 down 10%
Average Townhouse Sales Price $173,225 - Stable
Average Sales Price for Wake County $239,706 off 12.5%
Is there a light at the end of the tunnel?
My sellers are finally convinced that the market has taken a downturn, and to be competitive in this market, sellers have to be priced in ahead of the market as well as having all of the other wonderful attributes and updates needed to sell a home today.
With the recent price reductions, decline in inventory, decline in new construction inventory, and tax credit extention/expansion for repeat purchases I believe the Triangle market has great potential in 2010 for both buyers and sellers. Here’s to the market recovery in 2010!!
Dec. 31, 2009 - Cary Park Real Estate Market Update 2009 Year-End
I currently have listings in the Cary Park neighborhood in Cary and my clients are always asking me how the neighborhood is selling compared to the rest of the Cary Neighborhoods. So I thought this would be a good time to take a look at the year-end numbers for the neighborhood to see how home sales in Cary Park fared during 2009.
The Cary Park neighborhood is one of the most popular neighborhoods in Cary and also ranked as one of the Top 10 resale neighborhoods in area*. There are a number of reasons that buyers continue to purchase homes in this area which include:
Neighborhood amenities-Swim club, 6-lane competition lap pool, 98-foot waterslide, zero-entry fun pool, volleyball court and play field.
Schools - a fantastic complex with the new Mills Park Elementary school & Mills Park Middle School coming in 2010 as well as the YMCA complex right next to the schools!
30-Acre Lake
Biking and walking trails
Proximity to shopping at the Cary Park Town Center
Variety of housing options including condominiums, Townhomes, and Single Family Homes
That said, it’s not surprising as we take a look at the numbers that sales for Cary Park have held up through 2009 even though homes sales through 2009 in Wake County were off by 15% at Year-End**. For the sake of this homes sold analysis I've broken them down by price point so you can get a better idea of the homes sold in the Cary Park neighborhood in Cary.
Here are a few observations that relate back to my comments above:
Many homebuyers are looking for established neighborhoods and now that Cary Park is virtually complete it is becoming one of the first established neighborhoods in Northwest Cary.
Homes sales in Cary Park are off by just 3% which is considerably better than most Triangle Neighborhoods.
Currently Cary Park is ranked #10 in terms of resale neighborhoods in Cary. Cary Park's biggest challenge from a resale perspective has been the overbuilding of new construction in the surrounding neighborhoods. Inventory is finally declining in this area due to the fact that builders are not replacing the inventory which is good news
The 1st Time Homebuyer tax credit has impacted sales in Cary Park. Sales of Condominiums and Townhomes are up substantially vs. 2008.
Sales above $500k in Cary Park are off 52% which is consistent with Luxury Home Sales being off throughout the Triangle. The tighter lending practices has had a considerable impact on the increase in supply of luxury homes and the lack of buyers.
Oversupply of inventory in Cary Area 10(Northwest Cary) has led to downward price pressure. Single Family Home prices above $350k are off 10% in Cary Park while Townhome prices are off 8%.
Looking forward to 2010 it is apparent that the Cary Park Neighborhood in Cary will continue to prosper. Homebuyers are looking for excellent schools, nearby shopping & restaurants, proximity to RTP, and the fact that home prices have declined make the neighborhood even more attractive.
Dec. 31, 2009 - 1st Time Homebuyer Tax Credit Video
If you missed out on taking advantage of the 1st Time Homebuyer Tax Credit back in November - you're in luck. Uncle Sam realized that the 1st Time Homebuyer Tax Credit helped stimulate the real estate markets around the country and has extended the 1st Time Homebuyer Tax Credit until April 30, 2010 with closings prior to June 30, 2010. In the Raleigh-Cary area alone 85% of all homes sold in this area in 2009 were less than $350,000 fueling this important real estate market.
I thought the easiest way to explain the benefits of the 1st Time Homebuyer Tax Credit would be through a quick video that answers a lot of the questions that 1st Time Homebuyers have before taking the plunge and buying.
Dec. 25, 2009 - Raleigh-Durham is Ranked Americas Smartest City
Mirror Mirror on the wall, where is the smartest of them all?
The Raleigh-Durham-Cary area has received yet another accolade. The Triangle Region in North Carolina has been touted as Americas Smartest City by the Daily Beast. The rankings were based on cities over 1 Million in population. The two criteria used to name the top cities was based on education and intellectual environment.
In Cary alone, we have the highest number of PHd's in the country so it's not surprising that the Triangle Area received this award. This is yet another reason to consider the Triangle area for relocation!
Dec. 12, 2009 - Active 55 in the Triangle is Booming!
I received my Seniors Residential Estate Specialist(SRES) designation back in 2006 and have worked closely with many Active Adult clients relocating to the area. Prior to my designation, I thought I knew a lot about Seniors. I have two sets of grandparents that have equally high needs in terms of their retirement. One set lives in Florida and my Grandmother lives in Tennessee.
I have found, though, that many Seniors living in Florida are fed up with the Hurricanes, high cost of insurance, and high property taxes. Many of theFlorida Seniors are moving "Half Back" by moving to the North Carolina area. The attraction for many Active Adults in Raleigh/Cary is the mild climate, lower priced homes, and plenty of access to Medical centers and healthcare.
Builders have recognized the demand for Active Adult Living in the Triangle Tarea and are starting to build Active 55 communities and one story homes that are an alternative to Active 55 communities. To popular Active 55 communities in the Cary area include Carolina Preserve and Heritage Pines. Carolina Preserve - Del Webbhas been wildly successful. They have sold over 800 homes since 2006 and are now building in Phase III.
A couple of other alternatives to the Active 55 lifestyle includes ranch homes w/the yard maintenance included. Those communities include:
Another community with low maintence options not to be outdone is the Martha Stewart Homes by KB Homes.Twin Lakes will have 650 homes at buildout and they have a special section being built with 45 ranch homes.
Brier Creek, in Raleigh, has a nice selection of single family homes in the mid 300's built by Toll Brothers that has also been in high demand.
Kitts Creek in Morrisville has a ranch style section with the mainteance included in the low $300s.
The Park at West Lake has a custom builder that has built ranch style homes in the mid- $200s by L&L of Raleigh.
There are also a number of communities in the Apex, Holly Springs areas that are moving towards a product for empty nesters as well. Call me for more details.
What a terrific market that builders are finally starting to embrace.
Dec. 12, 2009 - Why is the Triangle Area becoming so popular for retirement?
Here are 10 Reasons to Chose the Triangle for Your Retirement Plans
When I first moved to the Triangle in 1991 I was just out of college and didn't even think about retirement. I've been here for sometime and married an Ausie that is 10 years my senior. I still don't think about retirement but my husband has taught me a thing or two about how retirees think. Mauro is very conservative and doesn't like a lot of maintenance. That said, I always dreamed of retiring in Hilton Head, SC. However, the Triangle area has really matured since I moved here and, quite frankly, I can't imagine living anywhere else. In addition, thousands are relocating to the area and North Carolina is now the #1 State for retirees. If you're looking for affordable with plenty to do you may just want to Chose the Triangle for your Retirement Plans. Here's Why:
1. Weather - North Carolina has a very nice temperate climate, with four seasons. Rarely, if ever, do we have extreme weather of the Northeast nor the hurricanes and severe heat associated with the deep South year round. A lot more sunshine than the Northeast, even in wintertime.
2. Healthcare - UNC Hospital is one of the top teaching hospitals in the world with more than 750 physicians. Duke University hospital and others are available in nearby Durham. Rex Hospital and Wake Med are also fabulous hospitals around the Triangle with world class Physicians and facilities.
3. Low Property Taxes & Insurance In the Triangle we have tax assessments every eight years. We, unfortunately had one this year, so a lot of folks are in shock. The good news - we won't have another one until 2016. The tax rate is a bit over 1% but varies year to year. On a $200k home you can expect to pay around $2300 in property taxes. Insurance for a $300k home around $600.
4. Maintenance costs - Utility costs are very reasonable in this area. And, if you're downsizing then it leads one to believe that less space means less electricity, low maintenance yard means less watering, etc.
5. Convenient to the beach and mountains but not as costly. You can actually get down to the beach and back in a day if you try. The good news - you don't pay beach prices or beach insurance! I also love the North Carolina Mountains and Blue Ridge Parkway are about 5 hours away!
6. Cultural activities - Within 15 minutes of just about anywhere in Raleigh-Cary there area a variety of cultural experiences--the N.C. Symphony, the N.C. Art Museum, the Ackland Museum of Art and the American Dance Festival in Durham. . Additional activities include art shows, symphony orchestra concerts, ballet, amphitheatre, and many performing arts events. Sports fans no doubt will enjoy being so close to the athletic teams of N.C. State, Duke University and the University of North Carolina. The Triangle is even home to the Durham Bulls.
7. Enjoy the Great Outdoors - There are a number of outdoor destinations including golf courses and parks such as Umstead Park, Lake Lynn, Lake Johnson, Apex Park, Eno River State Park, and Duke Gardens. In addition, Jordan Lake State Recreation Area offers fishing, boating, skiing, camping, and hiking. The park is also a favorite destination for picnickers and bird watchers. Each summer it boasts the largest population of Bald Eagles in the eastern United States.
8. Following the family - I've had several parents of friends contact me about their relocation to the Triangle. The Triangle area has seen consistent job growth and many families relocating to the area. For many families, the parents follow their children and grandchildren to the area. My family lives in Texas and I would have enjoyed having them closeby, especially when my daughter was growing up.
9. Education -Some of the finest in the country - UNC-Chapel Hill, Duke University, and NC State are a few of the top universities in the area. In addition, Duke University offers a unique program called the The Osher Lifelong Learning Institute (OLLI) which was formerly called the Duke Institute for Learning in Retirement. The program is a joint venture of Duke Continuing Education and the Center for the Study of Aging and Human Development. OLLI at Duke offers a wide array of courses - in literature, history, religion, philosophy, natural sciences, social sciences, performing arts, art and architecture, economics, finance, computers and lifestyle issues.
10. Excellent Transportation - Some of the 55+ communities offer door-to-door service to Doctors, grocery shopping, and more(for a fee). Our airport, RDU International airport, is expanding the number of flights in and out of the airport and the parking garage has just been completed which offers easy access in and out of the airport.
If you are thinking of moving to the area and are on the market for a Buyers Agent I am a SRES(Senior Real Estate Specialist) and focus only on the Triangle area market.
Dec. 4, 2009 - Christmas Party at Greenlevel Crossing tomorrow 4pm-6pm
Hi everyone, I hope this finds each of you happy and well this Holiday Season. I wanted to take a moment before everyone gets busy with the hustle and bustle of the season to thank each and everyone for all the wonderful support you have been to me either personally or as clients and now new friends or business partners. Your friendship is very important to me each and everyday, I am thankful for the gifts God has bestowed upon me in good people all around me. If you have a chance to stop in for a toast to the Holiday Season on December 5th, I would love to see you.
Dec. 3, 2009 - Luxury Living at Governors Club in Chapel Hill
I recently closed on a home in Governors Club in Chapel Hill and thought it would be a great time to write about this fabulous Gated Triangle Luxury Home community.
Governors Club is a private, gated community in Chapel Hill, North Carolina set within 1,600-forested acres that features a variety of home-sites atop Edwards Mountain. Governors Club has established itself as one of the premier residential communities in the Southeast. The community offers home-sites including golf course, lakefront, wooded and mountain views.
Neighborhoods
There are 12 unique neighborhoods to suit a variety of lifestyles with homes range from the Villa Homes starting at $350,000 to Grand Estates valued at over $4 million and homesites range from $60,000 to $600,000.
Chapel Hill
I used to live in Chapel Hill and just love the area. Chapel Hill is a very close knit community and the town has gone to great lengths to preserve the small town look and feel that gives it such character. Home to the University of North Carolina Tarheels, there are plenty of activities around town. Whether it’s attending a symphony concert, taking classes at the university, or shopping in the downtown area there is never a shortage of things to do in Chapel Hill or the Triangle. And, with Research Triangle Park within a short drive you’ll have easy access to the major corporations in the area and the RDU Airport.
Golf
Governors Golf Club has three 9-hole courses, The Lakes, The Foothills, and The Mountain all designed by Jack Nicklaus. My friends and clients say the course has some incredibly difficult sand traps and greens. The views atop Edwards Mountain along with the wooded terrain offer a wide variety to the most discriminating golfers.
Recreation
As with other top country club settings members have access to a number of activities at the 12,000 square foot recreation facility. In addition to traditional classes such as pilates and yoga Governors Club offers a number of innovative classes as well. The club has six lighted clay court tennis courts, an outdoor pool, and an indoor pool that is open year round.
The Wellness &Recreation Center also provides personal trainers and aquatics specialists on premises to guide each member in their personal needs and fitness goals.
Membership
Governors Club offers a variety of memberships from social to a Full Golf Membership.
To View homes for sale located in the Governors Club click here.
Give me a call when you are ready to make the move!
Oct. 25, 2009 - 125 Carswell - Cary NC Home For Sale
Photo Gallery
Breathtaking 2-Story family room features gleaming hardwood floor
Enjoy the view of the family rooom from the 2nd floor catwalk!
Enjoy dining
The light
The landscaping in the backyard is a welcome paradise!
The charming neighborhood features a large pond! It's just gorgeous during the spring time.
Relax in your neighborhoods very own gazebo!
Description
Every time you drive up you'll appreciate this immaculate home on a charming cul-de-sac in Ashley Woods. The open floor plan features a dramatic great room w/gas fireplace for chilly nights and spectacular views of the lush backyard! The gourmet kitchen has all the bells and whistles w/quartz countertops, center island, tile backsplash, and SS Appliances. Beautiful hardwood floors compliment the 1st Floor & MBR. Master Suite has vaulted ceilings and tastefully updated Master Bathroom. The location itself is in the heart of Cary and convenient to shopping, RTP, and the airport.
Oct. 1, 2009 - Charming Craftsman Style Basement Home in Cary Park
Photo Gallery
Description
This craftsman style beauty boasts 5 Br,3.5Ba & 4,365 Sq.Ft. including a finished basement w/owners suite & a 3rd Floor play room that is every child's dream! Grmet kitchen includes Granite Countertops,SS App,gas range, large island,tile backsplash & comfortable breakfast area. Office/6th Bedroom. Don't miss the spacious fenced backyard that overlooks the pond! Cary Park is an ideal neighborhood w/a 28 Acre Lake, 2 miles of walking trails, and plenty of community amenities. This location of this beautiful home in Cary Park is ideal in that the kids can walk to the clubhouse, swim in the competition pool, and have plenty of fun on the 98 foot water slide! A must see!!
Sep. 24, 2009 - $8000 First-Time Homebuyer Tax Credit Set to Expire November 30
All of you Raleigh Cary 1st Time Homebuyers homebuyers don't forget that the FREE $8000 1st Time Homebuyer Tax Credit from Uncle Sam runs out on November 30,2009. That means that you not only have to buy a home buy then but the home must also close on the home by November 30, 2009.
What are the details of the 1st Time Homebuyer credit for Raleigh Cary 1st Time Homebuyers?
The First-Time Homebuyer Tax Credit program was passed as part of the 2009 economic stimulus plan by Presidetn Obama in February 2009. It credits up to $8,000 in tax payments to qualified buyers.
What do I have to do to qualify?
Buyer may not have owned a "main home" in the past 36 months
The home cannot be purchased from a parent, child, or spouse
Adjusted gross income for the household must be below $95,000 for single tax filers and $170,000 for joint tax filers
Is the $8000 tax credit actually "refundable?" What does that mean?
It means that the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Typically this involves the government sending the taxpayer a check for a portion or even all of the amount of the refundable tax credit. When I was a 1st time homeowner the "refund check" meant a lot to me!!
So don't miss out! Start your homesearch now at the link below and check out my 1st Time Homebuyer Toolkit to help point you in the right direction. Then all of you Raleigh Cary 1st Time homebuyers need to give your Cary NC Realtor a call to take advantage of this great opportunity.
Mar. 7, 2009 - I've finally earned my CRS Designaton
Last year I set out to complete my CRS Designation. Meeting the requirements to become a Certified Residential Specialist in the field of REAL ESTATE is not an easy task, but definitely achievable. Now that I am through with my classes I will still continue to take the CRS Courses. They are absolutely fantastic!!
Before attending my final class I googled the instructors name here on Active Rain and found out Jackie Leavenworth is a real pro!
After two fantastic days in her classroom,now I know why! She is a funny, energetic, well rounded and experiencedREALTOR. From the class LISTING STRATEGIES for the RESIDENTIALSPECIALIST, she taught practical and up to date techniques for Listing and Selling Homes in today's Turbulant Market.
Here is a quick video I took when we were in class. Jackie says we all have "inner Parrots" that talk to us and she was trying to make sure that we quiet our inner parrots. It was absolutely hysterical!
I plan to implement several Strategies into our current Marketing Plan that will benefit my clients including the shopping cart, QMA, and other ideas. Coach Jackie calls them "Jackieisms".
I encourage you to consider furthering your education in the field of REAL ESTATE - check out the CRS Class offerings and especially classes taught by Coach Jackie !
The most coveted and highest professional designation awarded to REALTORS in the residential sales field.
LESS THAN 4 % of all REALTORS hold the CRS Designation !
Now I'm off to Facebook to post a testimonial on Jackie's wall!!
Congratulations! You've heard it's a buyer market out there and that there are some great incentives in the real estate market to buy a home now. Now is a perfect time to get educated on the process, things you should know, and incentives that are out there for 1st Time Homebuyers. The information can be overwhelming so make sure you spend your time understanding the market, the options that are available, and most importantly - choose a Realtor with experience that can guide you through the process!!
Here is a list of things I believe all 1st Time Homebuyers need to think through before they purchase their first home.
1. Financial Incentives for 1st Time Homebuyers
7500 1st Time Homebuyer Credit - The housing act is giving a $7500 tax credit to 1st homebuyers (or someone who has not "written off" mortgage interest in the last 3 years) for homes purchased on or after April 9, 2008 and before July 1, 2009. The credit begins to phase out for taxpayers with adjusted gross income in excess of $75k for individuals & $150k for joint return. The IRS is NOT giving the $7500 credit as cash at closing. The individual must claim the credit on a '08 or '09 tax return. However, a buyer who purchases a principal residence in '09 after filing a 2008 return has the option of filing an amended '08 return to claim the credit.
Special 1st Time Homebuyer Program in North Carolina - The North Carolina Housing Finance Agency (NCHFA) has special programs for 1st Time Homebuyers. There are specific requirements that met including income restrictions, not having owned a home in the past three years, and the price of the home.
Rates one-half to one percentage point below market, on 30-year, fixed-rate loans
100% financing on VA and USDA loans; FHA and conventional loans with 3% down
Downpayment/closing cost assistance up to $7,000 for buyers with lower incomes
Job loss protection for eligible borrowers
Mortgage Credit Certificates (MCCs) that can reduce homeowners' tax liability by as much as $2,000 per year.
For individuals or couples purchasing a home in 2009 it's important to note that buyers cannot borrow the 3 ½% down-payment required by FHA and traditional mortgages nor will they allow buyers to borrow any of the closing costs. However, when it comes to FHA loans, buyers can actually get 100% gift monies from a relative. It's called a gift because HUD doesn't want the burden of having the buyers payback a loan after buying a new home.
2. Find a Qualified Buyer's Representative - Experience counts!
I Believe STRONGLY in the CRS Designation - by Gerard Maher. I've included this link because I completed my CRS designation this year and I find that CRS Agents have the best qualifications in the industry.
3. What to expect with the buying process - Buying your first home can be a scary process. Perhaps your new to the area or have even lived in the area for a long time. Either way the thought of making mortgage payments and owning your own home can be baffling to many.
4. Find the right home - In today's market fist time homebuyers are more savvy than ever. They go online to sites like Realtor.com, Trulia.com, and zillow to see the prices of homes in the area, how the market is performing, and even "shop" for a house online. Many of my first time buyers have homes picked out before I even meet with them. At that point they rely on my local expertise and knowledge of what will sell down the road when they decide to sell their property. The locations of the properties, are they a good value, are they on a steep hill, do they back to a major road? These are things that buyers don't think of when they are making an emotional decision. Read more...
5. Negotiating the contract - Buying a home is an emotional process. Having a skilled negotiator on your side takes the emotion out of the equation and focuses on your bottom line - getting the right home for the right price in today's market.
6. "Buyers Market" Opportunity - The Triangle market has been red hot for so long with a limited supply of housing and prices on the rise. Now, with the increase of new construction and oversupply of housing (an oversupply is defined as more than six months of inventory) there is downward pressure on home prices in our area. Read more...
7. Inspections & Repairs - A home inspection is even more important for home buyers that are new to the buying process. In our area the repair negotiations seems to be the most difficult part of the buying and selling process. The North Carolina Offer to Purchase is changing and more agents are moving towards an "Option Period" and pre-inspections. However, the traditional "Alternative 1" method of entering into inspections can be challenging at times. Read more about the North Carolina process by Carol Fox.
In some states across the US Title Companies are used for closing. In North Carolina Attorneys handle the Title search on the property and the closing details.
The North Carolina Real Estate Commission requires, by law, that all real estate agents educate their clients on their rights and options as a buyer or seller in the State of North Carolina. This link provides, in detail, agency law in the state of North Carolina.
I hope you enjoy reading through the resources in this Online Toolkit for 1st timehomebuyers. Please contact me directly if you have any additional questions! I'd love to help you find the perfect home.
Welcome to my blog on Raleigh-Cary and the Triangle area of NC Real Estate. Here you can read current information on the Triangle area including neighborhood profiles, school information, taxes, market conditions, find things to do in the Triangle, and plenty of information on relocating to the Triangle.
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Amberly in Cary is a planned community, when completed, will offer natural areas, retail space, shopping areas, 276 acres of common areas, miles of greenway trail and many exclusive amenities!
Village Square - single family and townhomes from the $300s to $600s, built by the Bedford Builder Group (great variety of homes, including 3-story brownstone townhomes with elevators).
retirement. I've been here for sometime and married an Ausie that is 10 years my senior. I still don't think about retirement but my husband has taught me a thing or two about how retirees think. Mauro is very conservative and doesn't like a lot of maintenance. That said, I always dreamed of retiring in Hilton Head, SC. However, the Triangle area has really matured since I moved here and, quite frankly, I can't imagine living anywhere else. In addition, thousands are relocating to the area and North Carolina is now the #1 State for retirees. If you're looking for affordable with plenty to do you may just want to Chose the Triangle for your Retirement Plans. Here's Why: 
physicians. Duke University hospital and others are available in nearby Durham. Rex Hospital and Wake Med are also fabulous hospitals around the Triangle with world class Physicians and facilities. 
even home to the Durham Bulls. 
grocery shopping, and more(for a fee). Our airport, RDU International airport, is expanding the number of flights in and out of the airport and the parking garage has just been completed which offers easy access in and out of the airport.
Last year I set out to complete my 
including the shopping cart, QMA, and other ideas. Coach Jackie calls them "Jackieisms".
someone who has not "written off" mortgage interest in the last 3 years) for homes purchased on or after April 9, 2008 and before July 1, 2009. The credit begins to phase out for taxpayers with adjusted gross income in excess of $75k for individuals & $150k for joint return. The IRS is NOT giving the $7500 credit as cash at closing. The individual must claim the credit on a '08 or '09 tax return. However, a buyer who purchases a principal residence in '09 after filing a 2008 return has the option of filing an amended '08 return to claim the credit.
owned a home in the past three years, and the price of the home.