Sep. 27, 2008 - Halle Cultural Arts Center Receives Preservation Award
Downtown Apex has been going through a major transformation in the past few years with the intent of developing businesses in the area and also creating a great destination point for residents. One area the Town of Apex focused on was the development of a world class cultural arts center. We now have that in the heart of Apex - the Halle Cultural Arts Center.
The recently renovated Halle Cultural Arts Center in Apex is gorgeous. If you haven't stopped by make sure you do the next time you are in downtown Apex. I'm not the only one that recognizes the success of the recent updates. This month the Arts Center received the 2008 Anthemion Award from Capital Area Preservation.
I asked myself, what is an Anthemion Award?
The Anthemion Award recognizes outstanding dedication and committment to excellence in historic preservation in Wake County. An "anthemion" is a classical design element dating from Ancient Greece that is inspired by the fan-shaped leaves of a palm tree. "Anthemion" is the Greek word for "flower." Aww!
Way to go Apex! Just another reason to call Apex, NC home.
Sep. 25, 2008 - Thinking of relocating to Cary, NC?
Relocating to a new town can be scary for just about anyone. New friends, new Doctors, new grocery stores, new schools, a new routine all together. I know that if I was thinking of moving to a new town I would get on the internet and do research on the different areas. Many of my clients have done just that and found out about Cary, North Carolinaon the web. They heard it was a great town and decided to check it out online before taking the big plunge to make the move.
Here are some important questions that buyers ask me on a regular basis that I thought I'd share with you on relocating to Cary, North Carolina.
What are the schools like?
Cary schools are a part of the Wake County Public School System and continue to rank as some of the highest rated schools in Wake County. Many are still on the traditional school calendar also. The Triangle area is also home to several major universities and colleges.
What's the weather like?
I grew up in Dallas, TX and I always talk about the Four Seasons here in North Carolina. I love the outdoors and, year round there's always something blooming in Cary. Our temperatures are seasonal, but moderate. We are lucky enough to escape the extreme cold winters characteristic of the North, and does avoid the drastic heat in places like Texas and Florida.
Winters are short and mild, arriving in mid-December and ending by early March. Snow and sleet are recorded once or twice a year, but seldom to the extent that it accumulates. Children are known to get very excited when snow is in the forecast, anticipating a day off from school.
Because I love to garden, Spring is one of my favorite times of year. The weather is moderate and all of the flowers begin to bloom. Some of my favorites include dogwoods, redbuds, azaleas, daffodils, and tulips to name a few. Spring continues through April with temperatures in the high 60's and low 70's.
July can get a bit hot and sticky. As a result many residents flock to the beaches of the mountains. There are days where temperatures reach well into the high 90's.
Fallis my favorite time of year. The leaves change, the weather cools off, and it really gives families time to enjoy the great outdoors.
What is the job growth like in the area?
The National economy is currently in a state of turmoil, and, although job growth has slowed, the Raleigh-Cary area is No. 2 on a new list of metropolitan areas that are creating and sustaining jobs and economic growth. Raleigh-Cary came in No. 1 for job growth between March 2007 and March 2008. In the past five years the Research Triangle Regional Partnershipset a five year goal to create 100,000 jobs in the area and they are on track to succeed. Their next project to sustain growth is being touted at "Staying on Top 2" with the intent of continuing the success achieved in the past five years. Although corporate growth has slowed since April there are 44 new potential businesses that would generate $1.6 Billion in revenue and another 15,000 jobs.
What is the cost of living like and how much can I expect to earn?
Many clients that visit the area expect to get a lot more for their money than where they are coming from. In most cases this is true, however, the popularity, national exposure, and Cary, NC's proximity to RTP home prices in Cary, NChave continued to steadily appreciate even with the current real estate market conditions. Most of my clients also want to know about taxes and insurance. Real estate taxes are reasonable right at 1% of the assessed tax value. In Cary real estate assessments are done every eight years. North Carolina Income Tax varies based on income with the maximum rate for incomes over $120,000 at 8%. North Carolina Sales Tax is currently 4.5%. CNN Money has a great calculator that compares one cities cost of living to another. It's a great way to compare where you're living today vs. Cary, NC. Cary, NC has the highest median household income in Wake County ($89,623) and more than two-thirds of Cary residents hold a college degree.
What will my commute be like?
In most cities if you live in the suburbs you will commute from your hometown into the "big city". In my area that would be Raleigh. In the Triangle area residents commute into the RTP (Research Triangle Park) area rather than downtown Raleigh. Now that the widening of two major alternative routes to I-540 (HWY 55 and Davis Drive) has been completed the commute into RTP is a quick 10-15 minute drive to the major employers in the area. Cary is also a quick commute to the RDU Airport and the 3 Major Universities in the area.
There are a number of other considerations to think about when moving to new town. Thank you for stopping by and taking a look at Why I love Cary, NC! If you would like more information on the area view a longer video on Cary here with actual interviews with Cary residents or visit my websitefor more information.
Sep. 24, 2008 - Foreclosure help in North Carolina - Gov. Easley Signs 3 New Bills
But The North Carolina Foreclosure Prevention Project will help struggling families keep their homes.
In an effort to reduce the number of foreclosure filings in the state, North Carolina Governor Mike Easley signed into law three bills that will give homeowners a chance to win their struggles with foreclosure. The first bill established the North Carolina Foreclosure Prevention Project, a program under which homeowners as well as the bank commissioner of the state will enjoy a 45-day notice before the foreclosure filing. In addition, the bank commissioner can extend the notice by another 30 days if the case warrants.
During such time, the state will assist in the negotiations between the lender and the homeowner until a new payment arrangement and mortgage interest rate have been established. The said legislation will be able to provide help to over 25,000 homeowners.
The other bill tackled the issue of yield spread premiums, which it permanently eliminates after critics considered it as an incentive for mortgage brokers to charge borrowers with higher fees. The last bill requires all loan servicers in the state to register and submit reports to the bank commissioner.
All these new legislation will certainly help fight the spreading problems brought about by the foreclosure crisis. Considering that one of the reasons for the present mortgage mess in predatory lending practices, it will help that loan servicers are being monitored and regulated. Aside from this, many homeowners will benefit from the assistance since majority of them are not aware of the foreclosure process and can not make informed decisions because of this.
With the North Carolina state government extending its hand to these struggling homeowners, many families will be able to stay in their homes.
If you live in the Cary NC Real Estate area and are facing foreclosure please send me a private email or call me for a consultation. There are ways that Realtors can contact the banks to make private arrangements rather than go directly into foreclosure.
Sep. 16, 2008 - Wake County Market Conditions - September 2008
It's that time of year again - the time when the market slows down a bit, the kids are back in school, and we get to take a look at where the market has been and where it's headed.
What is going on with the real estate market in general?
Gas prices are at an all time high, lending institutions are in total disarray (most recently we can point to the bankruptcy of Lehman Brothers, aquisition of Merrill Lynch), the US housing market is in serious trouble in a number of areas in the country, and the stock market itself was expected to recover with the housing market and that just hasn't happened. Our residential real estate market depends upon the free flow of buyers and sellers. Our market is currently stuck as many inbound transferees cannot sell their out of state residences, many of our outbound transferees cannot sell their local residences and there is a crisis of confidence among a large portion of potential buyers which is playing a role in the ability to sell. While we continue to be praised nationally for strong job growth and a healthy economy the most recent update is that our market, especially in the high price ranges, has taken a beating.
How do sales this year compare to the banner years?
2006 was a banner year in Wake County. Sales were at an all time high. I thought I'd include numbers from the MLS that indicate the change in the market year over year for your reference. Comparing August 2006 numbers with August of 2008 numbers the changes are quite dramatic:
Supply of homes on the market is up 28%
Number of homes under contract is down 41%
Number of homes closed is down 44%
Average Days on Market are up 27% (83 DOM vs 65 DOM in '06)
Time Period
For Sale
Under Contract
Sold
August 2008
11,899
1,084
1,151
August 2007
10,861
1,474
1,022
August 2006
9,328
1,851
2,073
What about the supply of inventory for Wake County in particular?
The average supply in the Wake County area is running at 8.7 months supply. This is a significant change from the 3.7 months that we saw back in August 2006 - up 138% during this timeframe.
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. And, appreciation rates have remained stable in Wake County at 4.5% vs. -4.8%% for the rest of the US in 2008.
Here are some additional market variables that a seller must consider before selling in the current market:
Higher inventory and fewer closings have produced an oversupply of inventory in all price points above $450k
Price reductions are up: There has been a 73% increase of sellers taking price reductions
Is there any good news in this segment?
As you can see from the change in price reducations recently it's clear that sellers are finally realizing that Wake County Real Estate is now a buyers market. Up until this fall I had a hard time convincing my sellers that the market had shifted and that, to be competitive in this market, you have to be priced in the Top 3 along with having all of the other wonderful attributes and updates needed to sell a home today. Hopefully the bailout of Freddie Mac and Fannie Mae and the competitive mortgage interest rates will help more Wake County home buyers step up and buy a few homes! Now is a great time to buy in Wake County.
Visit my website or Email me at Tracy@TracySantrock.com for more information on Cary NC Real Estate or the Triangle Market in general.
Sep. 14, 2008 - Community Ratings? Are they important?
Do they really mean anything?
What do they tell you about a community?
I believe Ratings are important and do give you a real sense of what's going on in the area. I've written several posts on the Raleigh-Cary, NC area because I absolutely love where I live, work, and play. Just last month I wrote about Why I love Cary, NC. And, here is a post I wrote earlier this year called 2008 Triangle Accolades - The list keeps growingabout the many accolades that have been bestowed upon the Triangle.
It looks like I'm not the only one singing the Triangle praises. The secret is out and the Raleigh - Cary area has been discovered. There are over 18,000 people moving into this area on a year-to-year basis. I decided to write this post today because The Milken Institute just released their Best Cities for 2008 and the Raleigh-Cary area came out #2!!! I'm not sure why they chose Provo, Utah as number 1 but I'll get over it. The list also puts Wilmington at No. 6 and Durham at No. 21. Among other North Carolina metros, Charlotte ranks No. 26, with Asheville No. 46, Winston-Salem No. 99 and Greensboro No. 141.
In my next post I'm going to write about the many things that my clients look for when they are moving to the area. I truly believe this area has it all. So, if you are considering a move to North Carolina or the Triangle area give me a call - we have a lot to talk about!
Sep. 13, 2008 - Listings & My Commitment to Internet Marketing
I recently wrote a blog to one of my clients that I have the house listed entitled, "Dear Mr. & Mrs. Seller Your House Hasn't Sold". The purpose of the letter was to let my clients know that the listing agent is ultimately responsible for the sale of the home but the seller also plays a role in making this happen as well. Even the best intentions won't pan out if the seller doesn't go along with the marketing plan. Thankfully, with the help of a post where I solicited advice from Activerainers called Need Listing Advice from opinionated AR Listing Agents-Are you one of them?, I shared the feedback with my client and their willing response to the feedback ultimately allowed me to sell this listing in less than 45 days. If you read the blog you would probably notice that this home sat on the market for over a year before I took over the listing.
I asked my client why he chose me to sell his home and he had indicated that he was incredibly impressed with my ability to get the word out through the internet. He wanted to know how I successfully continue to be listed at the top of the rankings in my area and have such high search results on the major search engines - Google, Yahoo, and MSN to name a few.
That said, I read a post byBrian Block's recent post"Preemptive Blogging.....Impress your Sellers with your SEO"and post by Broker Bryant entitled, If you really are "The Expert".....then show them. Push the juice. which has lead me to write my own blog where I show you how internet marketing and search engine optimization has helped me with my business and also pleased my clients. The bottom line - All agents are not created equal and it's an agents job to make sure that the home that your marketing doesn't blend in with all of the rest. You have to make sure your clients home gets the exposure and rises above the other homes in your market.
In addition, I've decided to write another letter that I will use with my sellers in my listing presentations that will demonstrate how successful my strategy has been. The results are out there - it would be CRAZY for me not to demonstrate my talents and marketing abilities.
Dear Mr. and Mrs. Need T. Sell,
It was a pleasure speaking with you earlier today and I am looking forward to meeting with you tomorrow to get your property on the market. I will send over a preliminary Market Analysis later but thought it would be helpful to you if you did a little research on me first. I just know that you're the type that does your homework. Here are some links that will give you a great idea of who I am and how I handle my business. They will also give you a sampling of how your property will be displayed on the Internet. So click away and enjoy. OK here goes:
Google Results for Cary NC Real Estate - The most searched term in real estate in the Triangle - I am generally regularly on the top 3 pages either through Activerain, Localism, my blog or one of my sites.
Only agents that buy an "Enhanced Listing" package are able to write descriptive information on their properties. I have the ability to Enhance My Listings, Ad Banners, and customize the content readers see online. Realtor.com is the #1 site for Homebuyers. Why go with an agent that doesn't offer this service.
If you are thinking about selling your house in the Triangle area in 2008 keep this in mind: Just think about the fact that over 80% of prospective buyers start their home search on the internet. If you sell your home with me you will receive maximum exposure on all the major search engines, Craigslist, and other mediums. In addition, I will make sure that all of the Marketing that I do on your home online will be syndicated to other content providers like oodle, vast, hotproperties, and others sen below. Your property will receive the exposure needed to sell your home in record time.
If you area an Activerain Member keep this in mind: In 2008 you will want to use the tools that you have learned through Activerain, ePro, and others to let others know the good news about you and your business.
Sep. 13, 2008 - A Tribute to my Grandfather - D-John
It's been a tough week for me so I haven't been able to write any blogs. My grandfather, D-John(which is short for Daddy John) passed away after a long illness with Alzheimer's. My grandmother asked for me to be the family spokesperson at the funeral! Wow! What an honor. My grandfather was an incredible human being - someone I admired dearly. Here is the eulogy I delivered - If I have a chance I'm going to upload the video that played while we were at the funeral.
My beloved grandfather, John F. Santrock, was a man of many talents, and his sphere of influence reached far and wide, as can be verified by the number of people here today. How could you not like John Santrock? If he had an enemy, I never knew it. When one reads his obituary, the question to be asked is, "How did he do it?" He has left us a legacy of good works so grand that it is hard to comprehend where he got the energy. Yet he accomplished all this with such gracious humility.
First he was a war hero. My grandfather served his country with pride in WWII. As a kid I vividly remember D-John telling me about the WWII invasion that followed the attack on Normandy beaches just a month after D-Day. I was absolutely fascinated with the fact that D-John had been shot (9-11-1945), captured by the enemy, marched through the streets of Berlin, and still managed to escape by walking through Russia to safety in Poland. D-John received a Purple Heart for his bravery.
D-John lived his entire life in Nitro, WV and was a patron of the community.D-John loved his small town and loved the people of West Virginia. D-John would often tell stories about his alma mater, Marshall University, talk about the great athletes from WVA, and of taking dad and Shauna to tennis tournaments in Wheeling, WV. As a life long teacher and educator D-John's students and teachers all benefited from his talent, vision, and caring. He loved to be around people from all walks of life to, teach them, learn from them, and to share his life's experiences. Everyone in town knew my D-John - his kindly manner, genuine caring, and good natured attitude.
D-John was a man of few words and a wonderful listener. He never interrupted the flow of a person's thoughts, and when someone was speaking he gave his full attention. He made everyone he came into contact with feel important, because he gave the sense that he valued the input of even the least person in the world, because he believed in the worth of others, and saw no reason for placing himself above them. Towards the end he really didn't say much, but when he did say something it was always something of true meaning.
Most important of all D-John was a devoted family man. My sister Jennifer and I were lucky enough as kids to spend a lot of quality time with our grandparents. We lived in Texas in the winters and would spend the summers in WVA. It was like a great vacation for my sister and me. We always felt at home with Mama Ruth and D-John. We still do.
D-John, a man of incredible coordination and gifted athletic talent, he was skilled at golf, bowling, tennis, ping pong, pool, and just about every sport he picked up. I remember going to the club with D-John and having him play tennis with me day in and day out. The way he played tennis exemplified his approach to life in general. He was consistent and kept every ball in play. His greatest strength in tennis was his determination to get every ball back no matter how hard it might be to get to it. Once when we were playing I hit a strong shot down the line and was so confident that I had won the point that I raised my arms in a sign of victory. As I did this, the ball came flying back crossed court for a winner. I'm considered to be a pretty decent player but I never beat D-John. On another noteworthy occasion D-John visited our family in Texas and we decided to go bowling. D-John downplayed his success at sports in general and told me that he hadn't played in over 10 years. At 70 years old D-John beat us all with a score of 180+! Now that's what I call talent!
D-John was always there for us. As my sister and I were growing up in Texas D-John devoted time to his family and taking my sister and me to countless tennis tournament's to help us be the best we could be. In the summertime we played in the Western Open in Ohio and stopped at the Football Hall of Fame. Each year we played in two big tennis tournaments in Texas - the Texas Sectionals in the Fall and the Houston Coca-Cola Open in the Springtime. Mama Ruth and D-John came to every match and patiently watched us play - always supportive, encouraging, and confident in our success. When we were down and out he told us to get back up and keep on trying. It wasn't the end of the world - we would live to play another day.
D-John also had a love of flowers and gardening. Each summer I visited I would admire how D-John carefully tended to his beautiful garden. He patiently explained that the flowers didn't flourish magically, that they required a daily effort of nurturing, watering, and caring for them. Since I showed interest, and D-John being the consummate educator, he told me all about the Hydrangeas, Chrysanthemums, daylilies, and other varietals. To this day I remember the things he taught me and use them in my own garden.
I'm sad that D-John's no longer with us. But I am grateful that he's not suffering any more and I'm especially grateful for all of the years I had with him. After surviving the war and coming back to the states he lived such a bountiful life. To be able to see his children flourish, his grandchildren grow up to have families, and even to see his great granddaughter preparing for college. I believe he was truly blessed.
So as we commemorate his life, we celebrate the legacy he has left us. His legacy is in his family and his friends. His legacy is the people that he has helped, and in the lives that he has touched. He has left us his legacy as an admired war hero, community servant, athlete, and a family man. And now this history is in our hands to carry on where he left off.
Sep. 7, 2008 - Testimonial Submissions for Tracy Santrock
Since my blogs don't have any of my testimonials I thought I would include a post that has submissions from a variety of my clients.
Kathy & Ben Potter - Apex, N C
As out-of-town investors we, being experienced Realtors, were looking for a real estate agent that had a great reputation, fantastic knowledge of the area, and detailed market information that would help us make sound investment decisions. Ben & I are so thankful we found you. You never cease to exceed our expectations
Bruce & Rosie Ferrero - Wake Forest, NC
Dear Mr. Dill,
I am writing in praise of our real estate agent Tracy Santrock. Our optimistic hope when we came to Raleigh from CT on June 2 was to choose a new home in just one week. Tracy helped us to refine our list, and pointed out other places for our review. When we did choose our home in Wake Forest, my wife was very pleased when Tracy negotiated a substantial allowance on a kitchen peninsula which was not included with the home. Tracy also helped us greatly by attending property inspections, and arranging for a remote closing. Not only did we find our home in one week, we closed and started moving in on June 28! We think that Tracy is a fine real estate agent, and we will happily recommend her to others.
Julia & Jonathan Wade - Cary, NC
I met Tracy Santrock on message board concerning whether or not to buy a home right away in the Triangle when relocating from out of state. She had impressively answered some posters' questions concerning schools in the area. I shot her an email with a few questions that my husband and I had about being first time home buyers and our concerns with moving from out of state. Tracy answered our questions quickly and thoroughly. She then maintained close communication with us while we house hunted online. She was always willing to answer questions and point us in the right direction with neighborhoods. Our subsequent house hunting trip in the Triangle was very well organized and efficient and we had our first home with her very skilled help. We felt so comfortable with her through the entire process and couldn't be happier that we stumbled across her online. We will continue to use her services with our future home sales and purchases.
Maggie & Vince Hall - Fuquay Varina, NC
Having bought and sold many homes in our lifetime we know how to spot a great Realtor. Vince & I started working with another Realtor and met Tracy by chance. Her knowledge of the area, communities, and strong communication skills immediately told us we had a match. We also liked the fact that Tracy had experience working with Active 55 Adults.
Tami & Ken Brook - Holly Springs, NC
Tami and I worked with Tracy for the sell of our home. We recently relocated to Atlanta, Georgia and cannot say enough about how well Tracy marketed our property. We were quite impressed by the variety of marketing tools and mediums she utilized (such as the internet, Realtor.com, print ads, the MLS) to advertise our home, as well as by the creativity she demonstrated in doing so. More specifically, we were amazed the high quality of the virtual tour that she posted on the internet, and we were touched by the charming, almost poetic description of our home that she included on her web site.
While it has been said that houses sell themselves -- in truth, it is wonderful, dedicated REALTORS like you who sell houses. Thank you again for everything."
Kelly & Joe Monahan - Raleigh
We have known Tracy for the past 17 years. During that time, Tracy has proven to be honest, detail oriented, and the most attentive agent we've had the pleasure to work with. When she says she will do something - she does it. The clients we have referred to Tracy tell me how happy and fortunate they feel to have worked with her. Many have gone on to refer their friends and family to her. Working with Tracy provides us with the confidence of knowing that our clients will be given excellent, professional service. When it comes to your next house purchase, choose Tracy Santrock.
Heather & David Schnieder- Cary
"As you may recall, we met a few years ago during an open house. Our first impression of you was that you were honest, hard working and dedicated to your profession. That impression was a correct one! From the moment you agreed to serve as our real estate agent, you treated Heather and me with respect and courtesy. You were honest and professional. In the end, you found the right home for us on a number of levels. You got the right price -- the right contract terms.
Holly & Bob Cockle-Cary
"I am writing to you to let you know how pleased I was with your services. You sold my house in record time and made the whole process easy. I have owned other houses, but your knowledge, skills and caring personality made this whole selling process so much easier.
I had several other REALTORS come over to explain to me the way they plan to sell my house. When you came over, you showed me that you had a plan and knowledge to carry that plan out. You were very realistic and didn't make me a list of promises. Your personality and honesty is what made me choose you. You guided me and made yourself available when I had questions.
By selling my home you helped make another one of my goals come true. Please share this letter with Fonville Morisey and other clients that you may have. All REALTORS are definitely not alike. Tracy, you have skills! Thank You.
P.S. I have given your number to some friends who are interested in selling.
Matthew Orlemanski-Cary
As expected from a first time home buyer, I was precautious in purchasing my home. I have lived in Cary for 12 years and always looked to find a house in the area, but wanted to make sure it was the right choice. Working with Tracy made this big first step very easy and exciting! She went above and beyond to help me understand the process and to make sure I was satisfied with my purchase. I can confidently say overall that the experience has been an excellent and memorable one for
me.
Archna & Rakesh Anand- Cary (Amberly at Village Square)
Melinda Watson & John Malay -Cary - Carolina Preserve
Thank you for the picnic bag and the Ace hardware gift card. We used the bag at lunch on closing day for our first meal in our new house.
We want you to know how much we appreciate all you did to assist us with purchasing a home in North Carolina. You were timely and responsive to all of our many communications by phone and email. The personalized website you ste up for us was extremely helpful in reviewing available properties. And the virtual tour you created of our potential new home was invaluable! We wer also impressed with the professionalism of the people you referred us to in the purchase process.
Thank you again. We don't feel we would have been able to purchase a home from out-of-state(site unseen) without your relocation assistance.
We hope you have a good summer and look forwaqrd to being down in Cary soon.
Thanks for stopping by. If you have any questions regarding any past clients that have worked with me I'll be happy to answer them or let you speak to them directly.
Sep. 5, 2008 - Henry's Gelato in Cary - A real treat
One of the things I love about where I live now is the proximity to great restaurants, shops, and other local businesses.
One of my favorite treats on Friday night after a movie or just for fun is located right here in Cary NC off of Cary Parkway in the Preston Walk shopping center called Henry's Gelato. I featured Henry's Gelato in my newsletter last month and had a chance to sit down for a quick visit and talk with Henry about his business. Henry traveled to over 50 countries sampling the different flavors of Gelato before perfecting his technique and purchasing his Gelato machinery in Florence, Italy. Henry's success has helped him expand his business to two new locations - the first in Southern Pines and the 2nd in North Raleigh opening later this year.
Every single gelato I've had from Henry's just melts in my mouth! Henry has over 85 flavors are available and up to 24 of your favorite flavors offered in at any one time. The gelato is handmade fresh every day with the purest ingredients. Henry also mentioned that gelato has 1/3 the calories of regular ice cream and custard. It sure doesn't taste like it though!
So, if you're out and about and want a real treat choose Henry's Gelato!
Henry has a saying inside his restaurant that says, "Mundi Gelato E Corri Nudo". Do you know what that means? If not you'll have to drop by Henry's and ask him yourself!
Sep. 3, 2008 - Coming Soon - Jordan Lake Music Festival
I was out last week with some friends of mine that want to build a Lake House near Jordan lake(the Army Corps of Engineers won't allow anyone to actually build on the Lake) and I stumbled upon an event that is coming up that I thought I'd share with you.
If you're looking for inexpensive entertainment the Jordan Lake Music Festival, on October 4th and 5th in Apex, may just fit the bill. The event is being held to raise funds to clean up Jordan Lake and costs only $20 for a one day pass and $40 for a 2 day pass.
There will be 5 stages and 18 performers, not to mention an art show, children's activities, and plenty of food and dance. The music will be varied including Bluegrass, Ragae, Folk, Jazz, Latin, and more.
For directions to Jordan Lake Farm in Apex click here
Sep. 1, 2008 - Raleigh Convention Center Opens This Friday
Join me for the grand 2-day celebration in downtown Raleigh this Friday. It's all a part of the $1 Billion investment in the transformation of Raleigh. At the center of the transformation in downtown Raleigh is the opening of the Raleigh Convention Center.
*Video compliments of the Raleigh Convention Center.
The celebration has been tapped as Raleigh Wide Open. Street entertainment, food booths, live music and fireworks are just part of the fun planned for the outdoor festival. Entertainment highlights include Arrested Development and Chuck Berry on Friday. On Saturday Lou Gramm of Foreigner and Soul Asylum will perform live.
Besides the entertainment this is a culmination of years of planning. Around the Convention Center are thriving shops, cafes, museums, galleries, and plenty of hotels. Across from the convention Center is our very own 4 Theatre Performing Arts Center.
The convention center itself is fascinating. A $221 Million project. The Center includes a total of 500,000 Square Feet, a 900 Car Parking Garage, All-Wireless tech savvy center, incredible ballroom and much more. Just watch the video for details.
One of the most dramatic changes to the new downtown center is the $1M Shimmer Wall donated by Cree & Associates. I hear that people almost wreck the first time they see it driving by it. During the Grand Opening Celebration the Shimmer Wall will be completely lit up.
The Convention Center is just one more statement that our city has truly made the transition to a city that has it all.
When was the last time you heard this kind of music?
Of course I was headed out of town this weekend when a listing that I am co-listing received a number of showings and rumbles of multiple offers within the first 72 hours. Even though we are in a buyers market if the property is less than $400k, looks good, and is in a great location you can still expect to see multiple offers.
I just attended the North Carolina Real Estate contract update in July and knew there had been some changes in this area to level the playing field for the buyers. In the past the SELLER was in the driver seat. Broker Bryant wrote a great blog on multiple offers called Liar, liar pants on fire. Not me!! that describes the disclosures from the National Association of Realtors and some strategies on negotiation which I leaned on during the process.
Just to reiterate those standards of practice I have included them here. Code of Ethics
Standard of Practice 1-15
REALTORS®, in response to inquiries from buyers or cooperating brokers shall, with the sellers' approval, disclose the existence of offers on the property. Where disclosure is authorized, REALTORS® shall also disclose whether offers were obtained by the listing licensee, another licensee in the listing firm, or by a cooperating broker. (Adopted 1/03, Amended 1/06))
Standard of Practice 3-6
REALTORS® shall disclose the existence of accepted offers, including offers with unresolved contingencies, to any broker seeking cooperation. (Adopted 5/86, Amended 1/04)
Now fast forward to North Carolina's new interpretation of the North Carolina Offer to Purchase:
A broker shall NOT DISCLOSE the price or other material terms contained in a party's offer to purchase, sell, lease, rent, or to option real property to a competing party without the express authority of the offering party.
The bottom line - The NCAR wants to make sure that, in a multiple offer situation, if one knows then all should know. Sharon and I agreed that it would be best to send an email(the same email) to all parties communicating the fact that we had a multiple offer situation, some very strong offers, and to submit all offers by 3pm on Sunday in order for our Seller to make their decision.
It's a tricky situation, and I don't know what the rules are in your state, but my job is to get the highest price possible for my clients and the best terms possible. Based on our negotiations of this offer I believe we acted in the best interest of our sellers.
Just keep in mind as we transition to the new North Carolina contracts that the rules have changed and they give the buyers more control of a multiple offer situation.
Sep. 1, 2008 - Drastic price reduction - Walk to Bond Park
Photo Gallery
Extra large kitchen w/pantry
Open floor plan w/adjoining breakfast room
Breakfast Room
Brand new carpet throughout
Spacious living room w/gas fireplace
Master Bedroom w/Vaulted ceiling
View of Large Private Backyard
View of the greenway leading to Bond Park from the backyard
Another view of the greenway
Description
Price drastically reduced (firm price) for this beautiful wooded 1/3 acre, very private, cul-de-sac lot backs to greenway and walking trail that leads to Bond Park. Home has brand new carpet & new paint throughout, brush nickel fixtures, wood floor. Oversized kitchen has lots of cabinets and pantry. Fireplace in family room. Master bedroom has vaulted ceiling & master bathroom has dual sinks. This home is move-in ready!
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, and even find things to do in the Triangle.
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and we get to take a look at where the market has been and where it's headed. 
It looks like I'm not the only one singing the Triangle praises. The secret is out and the Raleigh - Cary area has been discovered. There are over 18,000 people moving into this area on a year-to-year basis. I decided to write this post today because 
House Hasn't Sold"
In addition, I've decided to write another letter that I will use with my sellers in my listing presentations that will demonstrate how successful my strategy has been. The results are out there - it would be CRAZY for me not to demonstrate my talents and marketing abilities. 
It's been a tough week for me so I haven't been able to write any blogs. My grandfather, D-John(which is short for Daddy John) passed away after a long illness with Alzheimer's. My grandmother asked for me to be the family spokesperson at the funeral! Wow! What an honor. My grandfather was an incredible human being - someone I admired dearly. Here is the eulogy I delivered - If I have a chance I'm going to upload the video that played while we were at the funeral. 
Henry has a saying inside his restaurant that says, "Mundi Gelato E Corri Nudo". Do you know what that means? If not you'll have to drop by Henry's and ask him yourself!
