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Cary NC Real Estate Blog

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!

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May. 24, 2016 - The Obvious Alternative Investment

 

Rental homes can be a natural alternative investment choice for homeowners because they are already familiar with houses. Maintenance on a rental is not that much different than on your personal home. The same plumbers, painters and other workmen can be used to make repairs.

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Single family homes offer an investor high loan-to-value mortgages at fixed interest rates for long terms on appreciating assets with defined tax advantages and more control than other investments.

  1. High loan-to-value mortgages – most investments require that you pay cash but rental properties can be purchased with 20% down payment.
  2. Fixed interest rates – most commercial loans are based on a floating rate such as prime interest plus one or two percent compared to real estate loans as fixed rates for the term.
  3. Long terms – commercial loans are generally short-term such as six months or a year with the possibility of being renewed for another six months or a year unlike real estate where a 30-year mortgage is commonplace.
  4. Appreciating assets – real estate has a long-term history of going up in value.
  5. Defined tax advantages – many investments are taxed as ordinary income but rental real estate enjoys a non-cash deduction called cost recovery, the profits from sale are taxed at lower long-term capital gains rates or may be eligible for a tax-deferred exchange.
  6. Control – rental homes don’t require partners and afford the investor more options than investing in mutual funds and other traditional investments.

The demand for good rentals is strong and the rents continue to go up in most markets.  There are people who choose not to buy or cannot buy a home who would prefer to live in a single family home rather than an apartment.

 

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May. 18, 2016 - Interested in refinancing?

 

It is estimated that seven million out of 50 million homeowners could save money by refinancing their existing mortgages. Obviously, if the replacement mortgage has a lower rate than your existing one, you will save money.

If you bought a home before 2011 and are paying mortgage insurance, you should investigate refinancing to eliminate that requirement. Even if you don’t get a lower interest rate, the savings could amount to hundreds of dollars a month.

If a home you purchased since 2011 has appreciated enough, it could easily justify refinancing to eliminate the required mortgage insurance. Most loans don’t require mortgage insurance if the loan-to-value is 80% or less. There are some programs for 90% mortgages that don’t require mortgage insurance. It is certainly worth investigating with a trusted mortgage professional.

Continuing to pay mortgage insurance that could be eliminated is like having a broken cell phone and continuing to make the monthly payments for something you can’t use and don’t need.

If your current mortgage is several years old, instead of getting a new 30 year mortgage, you might consider a 15-year term. The money you save with a lower interest rate could help you to retire your loan in a shorter time so that your home would be paid for.

 

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May. 9, 2016 - Your home may be worth a lot more than you think

 Real estate lost a lot of value during the recession but most areas have rebounded considerably.  In some cases, the homes are worth more than they were before the housing bubble burst.

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The dynamics are classic for this type of market: inventories are low, mortgage rates are low and demand is high.  All price ranges are on the rise with some at an even higher rate because the short supply is causing competition among buyers.

Another reason many homeowners' may have more equity is simply not staying current with what is going on in the market.  In a recent FNMA study, it indicates that 23% of owners believe they have negative equity in their home when actually, it is 9%.  37% believe they have greater than 20% equity in their home when actually 69% of homeowners do.

Even if you're not planning to sell your home, knowing the value helps you understand your financial position better.  Home equity debt up to a $100,000 limit is tax deductible and can be used for any purpose.  Owner's commonly refinance to eliminate mortgage insurance, consolidate mortgages, pay off higher interest rate debt like credit cards or student loans or to buy out an ex-spouse's equity.

Be aware that an automated value model like Zillow Zestimates uses algorithms to determine a price and while it might be in the ballpark, AVM results may only be accurate about 20% of the time.  A comparable marketing analysis or broker's price opinion will be more accurate due the subjective approach that 

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May. 9, 2016 - You may never stop paying for some improvements

 

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You've saved the money and are ready to pay cash to build a new pool for your home.  However, that's just the beginning of your soon to be increased expenses which will include maintenance, higher utilities and higher taxes.

Homeowners obviously benefit by a larger equity when their home increases in value due to appreciation.   A not-so-obvious effect that will also more than likely take place is that their property taxes will increase.  In most cases, a property's assessed value is generally tied to market value to calculate the property taxes based on the tax rate for that year.

Similarly, a homeowner can affect the value of their home by making capital improvements.  Some small items may never be recognized by the taxing authority but items that require a permit, certainly are brought to their attention.  Items such as a fence, roof, remodeling, windows, new rooms or swimming pools can easily increase the assessed value of a property.

Most states have an established time frame in which to challenge the current tax assessment for that year.  The process is relatively simple and doesn't require professional representation.  It generally involves showing that there is an error which has overstated the value or that current comparable sales indicate a lower value.

If you'd like more information or need the comparable sales data, please let us know.  We would be happy to help you investigate the possibility of lowering your property taxes.

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Apr. 26, 2016 - A temporary buydown may be the best option!

 

There is an infrequently-used mortgage program available that could be the solution to a buyer's or seller's problem.

2-1 Buy Down - 2.pngA temporary buydown is fixed rate mortgage that the seller has prepaid interest at closing to lower the payments for a number of years.  The borrower must qualify at the note rate but gets the benefit of lower payments for the early years.

A 2/1 is a common buydown that the first year's payment is calculated at 2% lower than the note rate and the second year's payment is calculated at 1% lower than the note rate.  The third through thirtieth years' payments are the note rate.

Let's set the scene.  A buyer is using their available cash for down payment and closing costs to get into the home.  They'd like to put their own touches on the home when they move in but may not be able to for a year or two since most of their cash was used.

In this example, a $250,000 home is purchased with a 3.5% down payment and a 4% mortgage for 30-years.  Normally, the principal and interest payment would be $1,151.76 for the full 30-year term.  If the seller will pay the lender $4,736 at closing, it can be applied to pre-pay part of the interest for the first two years.

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The first year, the buyer's P&I payment will be $891.71 for 12 months based on a 2% interest rate or 2% lower than the 4% note rate.  It is $260.06 lower per month in the first year.  The second year, the buyer's P&I payment will be $1,017.12 for the next 12 months based on a 3% interest rate or 1% lower than the 4% note rate.  It is $134.64 lower per month in the second year.

A bonus for the buyer will be that the cost of the buydown paid at closing by the seller becomes prepaid interest that is deductible by the buyer in the year of purchase.  The buyer gets lower than normal payments for the first two years and a sizable tax deduction.

This type of program can be very beneficial to a seller who wants to offer terms to improve the marketability of their home rather than lower the price.  The challenge will be explaining it to not only potential buyers but even agents who are not familiar with this program.

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Apr. 19, 2016 - Thinking of buying real estate? Consider this

Buying rental property can be an excellent decision and the better informed you are, the more likely you'll have favorable results.  The following suggestions can help you with your decisions.

rising homes.jpgReal estate is a long term investment affected by supply, demand and the economy.  It isn't an investment that is easily converted to cash.  The costs to acquire and dispose of real estate are sizable and need to be spread over years to minimize their effects on the rate of return.

Invest in average price homes or slightly below average price to appeal to the broadest market not only when you are renting but later on when you sell it.  The average price is relative to the market you are in and those specific prices.

Lower-priced homes will rent for more relative to higher-priced homes.  There is an inverse relationship between rent as a percentage of the price.  As the price increases, the rent as a percentage of the price decreases.  For example, a $200,000 home might rent for $1,750 a month or 0.88% where a $400,000 home might only rent for $2,250 a month or 0.68%.

Choose predominantly owner-occupied neighborhoods because when you sell the home, it will appeal to a homeowner who will most likely pay a higher price for the home.  Homes in predominantly tenant-occupied neighborhoods tend to sell to investors who pay lower prices and will not be emotionally involved with the purchase.

Purchase a property with the idea of selling it in mind.  You may be able to get a property for a bargain price today but if it is due to a functional obsolescence like a bad floorplan or not enough bathrooms, that problem will still be there when you're ready to sell the property.  Identify what the problem is and what solutions are available.  The property may rent fine in that condition but before you sell, it will need to be corrected.

Get the home inspected before you purchase it.  Having the property checked out can save thousands in unanticipated expenses. 

Consider getting a home warranty on your rental.  The annual premium can limit the out of pocket expenses for repairs and maintenance.

Risk can be minimized by understanding the investment and what is involved in the acquisition, operation and disposition.  For the typical homeowner, rental property is something that they can relate to because of the similar attributes of the home they live in.

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Apr. 19, 2016 - How Earnest is your money?

"If I tell you it's going to rain, you can put the buckets on the porch." If you grew up in the south, you made have heard this expression when a person is testifying to the veracity of his word. If you know a person and/or their reputation, you know whether you can trust their word or not.

7918959_s-250.jpgHowever, with a stranger such as a buyer, the seller doesn't know whether they'll live up to the terms of the contract or not. Buyers submit earnest money along with a contract to demonstrate their commitment to the terms of the offer.

The more earnest money that the buyer deposits indicates to the seller a higher level of commitment to the contract. Except for stated contingencies in the sales contract, if the buyer fails to close on the sale, the earnest money may be forfeited. Significant earnest money makes the seller feels more secure that the contract will close.

There certainly are a lot of things that can dictate how much earnest money is appropriate. Local customs, price of the home and type of mortgage can all help to determine the proper amount. In some areas, it may be common for it to be 1-5 percent of the purchase price. In other areas, it might be a specific amount like $1,000 to $10,000 depending on the sales price. It really comes down to whatever the buyer and seller agree is the proper amount.

Another strategy is to put up an adequate amount initially until you get through the inspections or contingency period and then, to put up an additional amount when the contingencies have been removed.

The earnest money demonstrates the buyers' sincerity in making the offer and proceeding according to the agreement so the seller can take their home off the market and start making plans to move and give possession of their home. Ultimately, both parties want to close as anticipated according to the contract and the earnest money helps facilitate that.

 

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Apr. 5, 2016 - Five Components Determine Your Credit Score

Credit scores are used by lenders to measure the credit worthiness of borrowers. While there are several different companies that offer scores, the FICO, Fair Isaacson Corporation, is the model that is used most often.

There are five key components that determine the overall score or rating. The most emphasis, 35% of the overall score, is placed on payment history which reflects whether the borrower paid on time and as agreed by the terms of the credit. Being late, missing payments or going into default would have adverse effects on this part of the score.FICO score.png

The second largest component, 30%, is credit utilization or the amount owed in relation to amount available. A person might have a $4,000 outstanding balance on available credit of $20,000. This would be a 20% ratio and would be considered acceptable. Owing $15,000 on $20,000 of available credit would be a 75% ratio and would negatively affect this part of the credit score. FICO says people with the best scores average around 7% credit utilization.

The length of time each account has been open and the account’s activity determines 15% of the total credit score. By having a longer credit history, the credit provider has a better indication of the borrower’s long-term financial behavior. Having an open account without activity doesn’t offer a provider much information.

New credit and types of credit each account for 10% of the total score. New credit can adversely affect a score because it is a new obligation without history of how it will affect the borrower’s ability to repay all of their liabilities. Types of credit include both revolving and installment debt. A good mixture of each can indicate less risk for lenders.

The combination of all five areas make up the total score which lenders use to determine credit worthiness. Another confusing issue is that all credit scores are not mortgage credit scores. This particular score determines not only whether the lender will make a mortgage but at what interest rate.

The best place to get your credit score if you’re planning on purchasing a home is from a trusted mortgage professional. This person will be able to suggest things to improve your score if necessary. Buying a home is one of the largest investments in most people’s lives; it is really not a do-it-yourself activity.

 
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Mar. 28, 2016 - Increase Tax Allowances

A homeowner’s tax savings benefit is generally realized when they file their federal income tax return after the money has been spent for the interest and property taxes. Some people look forward to the refund as a means of forced savings but some people need to realize the savings during the year.Increase Allowances.png

It is possible to adjust the deductions being withheld from the homeowner’s salary so they realize the benefit of the savings prior to filing their tax returns in the form of more money in their pay checks. Employees can talk to their employers about increasing their deductions stated on their W-4 form.

By increasing the exemptions or deductions, less is taken out of the check and the employee will receive more each pay period. If a person over-estimates their exemptions and therefore, underpays their income tax, they might incur interest and would have additional tax to pay when they filed their tax return.

Buyers considering this strategy should seek tax advice and discuss it with their human relations department at work. Additional information is available on the Internal Revenue Service website about Completing Form w-4 and Worksheets.

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Mar. 17, 2016 - It's Tax Season

“Anyone may arrange his affairs so that his taxes shall be as low as possible...” While Judge Learned Hand was talking about federal income taxes, it can be applied to property taxes as well.Cut taxes - 300.jpg

States have a process of assessing the value of a property based on a number of things that can include size, amenities, location and what the owner paid for the property. Most states make adjustments to that value annually. Once it has been published to the owner, there is a process available for those who disagree with the value.

  1. Learn the assessment process and what the filing deadlines are to apply. Since different states have different requirements, it is important to know the process in your area.
  2. Obtain your assessment records – they may be available online and you can find out how your value was determined. Check for mistakes in square footage, bedrooms, amount of land, etc. Then, verify if the comparable sales in the neighborhood support their position or not. Your real estate agent can be valuable in this area.
  3. Proceed to make your case from the lowest to the highest level necessary. It isn’t necessary to hire someone to represent you. Sometimes, just talking to employees at the tax assessor’s office may be enough. If not, there is a process for a hearing where you present your evidence and so does a representative from the assessor’s office. If this still doesn’t give you the remedy you want, you may need to proceed to the courts.

Challenging your assessment really isn’t an adversarial position. Their job is to assess a fair value and your job is to pay the least amount of taxes. Whether it be an employed assessor or a voluntary board, they have a job and they appreciate being treated professionally and courteously. 

Keep this last thing in mind: the people you’re presenting your case to have the ability to lower your taxes.

 
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Mar. 7, 2016 - Leverage - A Maximum Advantage

Leverage gives the user a maximum advantage whether it is physically lifting a large object or rapidly building equity in a home. In the case of the home, the high loan-to-value mortgage allows the profits made to be greater than simply the cash invested.

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A $250,000 home can be purchased on a FHA loan with a 3.5% down payment of $8,750. If the home appreciates at 2% a year, in seven years the equity will grow to $75,920 due to the appreciation and the amortization of the mortgage. That would be a remarkable 36.2% rate of return.

It is estimated that homeowners have a 45 times higher net worth than renters. Since the obvious difference is that renters don’t own a home, owning a home is a distinct advantage. The leverage that allows a borrower to control a much larger asset with a small down payment gives them a return on the much bigger asset than on just the down payment.

Another interesting contribution is the forced savings that occurs with each payment made on the mortgage. A portion of the payment is applied to principal so that the loan will be paid in full by the end of the term, usually 30 years. The amortization on the 4% mortgage example from above has approximately $4,300.00 paid in the first year to reduce the principal which increases the owner’s equity in the home.

For people who have the necessary funds for the down payment and good credit, buying a home can be a financially stabilizing event. While research on the Internet can provide valuable information, there is no substitute for having a face-to-face meeting with a trusted professional to determine your specific facts.

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Feb. 29, 2016 - Selling Homes in Today's Market

Ask any real estate professional if they have sold a house without the buyer having physically seen it and they’ll most likely tell you they have. While it may have been an unconventional sale, it is more prevalent today than it was twenty or even ten years ago.

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The digital world of the Internet has changed the process of buying a home. It is evolving as people have become more comfortable with the reliability of the information available.

Getting in a car and driving around all day looking at homes that may or may not fit your needs or wants is not productive for buyers or the agents.

The quality and the quantity of pictures has dramatically improved in the last twenty years. Buyers and agents alike can view a property online and get a fairly accurate idea of the condition and layout of home and whether it warrants a physical visit. Videos can “walk” you through the house to be able to assess if the floorplan will work for you.

The 2015 Profile of Home Buyers and Sellers reports 89% of all buyers cited an online website as an information source with real estate agents being a close second at 87%. 42% of all buyers looked online for properties for sale as the first step taken during the home buying process.

Interestingly, 87% of buyers in 2015 purchased their home through a real estate agent or broker compared to only 68% in 2001. The agent services deemed most valuable to buyers were help finding the right home to purchase (53%) and help to negotiate the terms of sale (12%) and the price (11%).

A challenge for sellers is to understand that the digital showings are a critical part of today’s process. They save time and money for both buyers and are convenient because they can be done at any time of day and from anywhere. The difficulty is the seller’s feelings of inactivity when they believe their home is being shown frequently.

Agents can share statistics that show a variety of digital activity like number of unique visitors, length of time spent on the listing site as well as the other features that were accessed. 65% of all buyers walked through the home they purchased after they viewed it online.

 

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Feb. 24, 2016 - Hiring a professional organizer is worth its weight in GOLD


I’ve recently been working with a professional organizer on my homes that are getting ready for the market.  I’ve found that, for the most part, I can assist the home sellers with most of the home staging.  However, I never knew there is such a great group of professional organizers that come in and can work wonders with clients!   Most home sellers live comfortably and things start to accumulate over time.  Having a resource like an organizer is invaluable.

 

Decluttered, depersonalized, and organized rooms demonstrate dimensions, architectural details, natural light, and views to buyers.  The problem is that most sellers don’t see their homes in the same light.  It’s the Realtor’s job to educate the sellers and visually show them how it can make a difference. 

 

Here are some tips I’ve been sharing with my sellers on buyer’s expectations as they view a home.  I walk through the home room by room sharing what I feel is important to buyers:

 

  • Front entry: This is the seller’s first chance to make a favorable impression.  Only the most practical furnishings such as a bench or side table should be kept.  You want the entry to look clean and inviting. 

  • Kitchen: Kitchens and bathrooms are what cosmetically sell a home so it must look pristine.  Removing all items on the refrigerator, organizing the refrigerator with containers, and leaving enough space so that the shelves can be viewed from front to back.  Organize the pantry by food groups and make sure that there are “pockets of emptiness” to make the pantry look larger.  The same approach can be used for the cabinets, drawers, and shelves.  There should be only one item on each side of each countertop.  If there is an island it should be cleared of all items to showcase the countertops.

  • Living spaces Living room, dining room, and great rooms should reveal similarly slimmed-down contents rather than walk-to wall furnishings and accessories.  When selling a home less is always more. 

  • Master bedrooms are a personal retreat should convey a sense of serenity.   All clothing and shoes should Santrock Realty Group - Bedroombe put away and night tables cleared, except for a lamp on each end table and a book.  All telephones should also be put away. 

  • Closets These should be dramatically emptied by one-third to one-half.  Bins and baskets can be used to organize.  The buyers should also be able to see the floors with nothing on it. 

  • Bathrooms All items should be cleared from the countertops and the showers to show the least decluttered look.  All bath mats should be picked up and put away so the floors can be seen by the potential buyers.  New fluffy towels should be placed out to showcase the rooms.

  • Attics, basements, garages  Only store what is truly needed in clear, labeled bins. Organize the bins by season.  If items have to be placed in the garage they should be stored on the exterior of the garage so that potential buyers can walk through the garage. 

  • Outdoors Front yard curb appeal is very important for buyers.  A nice new welcome mat is also an inviting touch.  Right before going on the market all bushes should be trimmed, and a couple of welcoming flower pots placed at the front door are a nice touch.

 

If a seller has too many things they should consider finding a permanents solution for decluttering including giving items away, donating to a charity, having things hauled away, or even having a garage sale!

 

My listings are selling, usually in less than two weeks, in this red hot real estate market in Cary, NC.    If you are interested in a top cary realtor contact Tracy Santrock for a private consultation. 

 

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Jun. 24, 2012 - Carolina Preserve™ in Cary introduces new Dogwood Models

Carolina Preserve™ in Cary introduces

 

New Dogwood Models

 

Cary NC is host to the most popular Del Webb® Community on the East Coast. Yesterday Carolina Preserve™introduced four new models in the Dogwood Collection based on focus groups designed to introduce new features and functionality that Active Adults are looking for in a 55+ community.

 

The unveiling of the new models was quite a celebration with hot dogs and ice cream for all attendees. The unveiling was such a success it was difficult to even go through the models because the event had so many attendees.

 

As a part of the unveiling Pulte is offering a $40,000 promotional incentive for buying into the new collection. Pulte, the builder, changes incentives monthly so this incentive is based on the current roll out of the new models.

 

Here are the new models that are now open at the Model Home Park at Carolina Preserve™ in Cary.

· Castle Rock, 2 Br, 2 Baths, 1620 Square Feet, 1.5 Stories, Optional loft, Optional 3rd, 4th Bedroom, 2 Car Garage

Castle Rock by Carolina Preserve

 

· Abbeyville - 2 Br, 2 Baths, 1656 Square Feet, 1.5 Stories, Optional loft, Optional 3rd, 4th Bedroom, 2 Car Garage

Abbeyville at Carolina Preserve

 

· Kendall Park -2 BR, 2 Baths, 2 1/2 Baths, 1868 Square Feet 1 Story, Optional loft, Optional 3rd, 4th Bedroom, 2 Car Garage

 

· Martin Ray- 2 Br, 2 Baths, 1961 Square Feet, 1.5 Stories, Optional loft, Optional 3rd, 4th Bedroom, 2 Car Garage

 

New optional features in the new models include:

 

· Walk-up attics

 

· 4 Foot Extensions to the back of the homes

 

· New high efficiency SEER HVAC solutions

 

This collection will also be available at the new Del Webb® Community that will begin pre-sales this fall at Carolina Arbors™ by Del Webb® in Durham, NC.This will be the only new Del Webb® Community being built in the country in 2013.

 

 

Related info:

 

Carolina Arbors™ by Del Webb®

 

Why is the Triangle Area becoming so popular for retirement?

 

Active 55+ Communities help older adults stay active & involved

 

Active 55 in the Triangle - Top 10 New & Affordable

 

Virtual Tour of Carolina Preserve Del Webb Floor Plans

 

 

 

“Del Webb® and Carolina Preserve™ are trademarks of PulteGroup, Inc. of Bloomfield Hills, Michigan and are used herein to convey purely factual information relating to the listed residential developments. No association, sponsorship, or affiliation between this website, its owner(s), or parties posting content on this blog exists with PulteGroup, Inc.

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May. 1, 2012 - Ever heard of an Orchid Babysitter?

 

The Orchid Trail

I've been the proud owner of over 40+ orchids for over 10 years. Because I'm always busy with real estate I rely onThe Orchid Trail an orchid grower to "babysit" my orchids at The Orchid Trail in Morrisville. Paul and owner John Stanton have taken care of my blooming babies. When the orchids are in bloom I get a call from them to pick them up. I usually have a different arrangement for viewing at my office in Cary. When the orchids are out of bloom I bring them back to the Orchid Trail. The orchid growers lease me a 1/4 of a bench and I pay monthly for this service.

With over 2500 orchids and 300 species The Orchid Trail is probably one of the largest private collections in North Carolina. The Collection includes a wide variety of orchid genera, but Phalaenopsis, Dendrobium and Cattleya dominate. Visitors are always invited to view the collection and discuss orchid culture with staff. There are several greenhouses totaling 21,000 sq. feet.

I bring friends and family here when they visit because it is an extraordinary service with beautiful orchids. Do you have one in your area?

 

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Jan. 27, 2012 - Top Active 55 + Triangle Communities

 

Triangle Active Adult Living

 

In my previous blogs I have mentioned that I work with Seniors looking to relocate to the Triangle and have my SRES®(Senior Real Estate Specialist) designation. Specifically, I help Seniors that are looking for reasonably priced ranch/villa style homes in neighborhoods that include Senior activities and an affordable lifestyle. Many of the clients I work with are moving here to be close to their children that have moved here because of their jobs. 

 Since North Carolina is now the #1 State for retirees and Active Adult living has become increasingly more popular builders are now recognizing the demand for this type of housing in the Triangle.

   

Carolina Preserve

 Carolina Preserve™ by Del Webb®

Carolina Preserve™ is a Del Webb active adult community in Cary, NC. Located in the heart of the Triangle area between Raleigh, Durham and Chapel Hill residents enjoy access to great culture and top-notch medical and educational institutions. World-class amenities, an active lifestyle and quality ranch homes have made Carolina Preserve a hit with active adults.

Carolina Preserve™ is located in the prestigious Amberly master planned community in Cary. Residents of the age-restricted Del Webb neighborhood enjoy exclusive access to a private clubhouse in addition to the shared use of an amenity center in the Amberly subdivision. The surrounding area is renowned for its proximity to great healthcare, continuing education, culture and entertainment venues, and great shopping and dining establishments. Cary continually ranks as a "Best 5 Small Cities to Live" by Money Magazine.
 

Click on the underlined link to view Homes For Sale at Carolina Preserve.

 “Del Webb® and Carolina Preserve™ are trademarks of PulteGroup, Inc. of Bloomfield Hills, Michigan and are used herein to convey purely factual information relating to the listed residential developments.  No association, sponsorship, or affiliation between this website, its owner(s), or parties posting content on this blog exists with PulteGroup, Inc. 

  

Four Seasons

Carolina Arbors by Del Webb (Coming Soon)

The new Carolina Arbors in Durham is in the early stages of development and are currently building prototypes and focus groups to determine the best floorplans for the community.  Preliminary collections include Pinehurst, Hatteras, Umstead, and Builtmore Collections.  

 Other features include:

• Low-maintenance living—yard maintenance included in homeowner's dues.
• Clubhouse will feature an onsite lifestyle-director, an indoor pool, fitness center, ballrooms, billiard rooms, tennis courts, bocce courts, putting greens, walking trails and MORE!
• 1.5 miles to Brier Creek, which offers shopping, dining and golfing.
• Close to Duke, UNC, and Wake Med Hospitals.
• Heart of the Triangle! Convenient to RDU International Airport, boating, biking, hiking, fishing, continuing education, cultural events, plays shows, collegiate sports and NHL.

Based on the similar sized Carolina Preserve metrics at 380 Acres, the north Brier Creek community could easily have more than 1,200 homes at buildout.

“Del Webb® and Carolina Arbors™ are trademarks of PulteGroup, Inc. of Bloomfield Hills, Michigan and are used herein to convey purely factual information relating to the listed residential developments. No association, sponsorship, or affiliation between this website, its owner(s), or parties posting content on this blog exists with PulteGroup, Inc.

Four Seasons 

Four Seasons At Renaissance

Four Seasons at Renaissance in Durham, North Carolina, is a brand new active adult community set in a prime retirement location. Though the community is still under development, the exciting plans include a 7,000 square foot amenity center and a broad range of both attached and detached homes. The builder, K. Hovnanian, is known for creating exceptional active adult communities. Upon completion, Four Seasons at Renaissance will offer many amenities as well as diverse clubs, classes and community events to support a rich, active lifestyle.  Click on the underlined line to View Homes For Sale at Four Seasons at Renaissance.
 

Fearrington

Fearrington

Fearrington Village in Pittsboro, North Carolina is an age-targeted community with 15 quaint neighborhoods situated on a historic farm site near Chapel Hill. Rolling hills and pastures surround this beautiful community where visitors and residents alike are greeted by scenic views in a charming setting. However, life here is anything but antiquated. Stores, restaurants, banks, and a spa are only some of the on-site conveniences.  Click on the underlined link to View Homes For Sale in Fearrington

 

Heritage Pines

Heritage Pines

Heritage Pines in Cary, NC is a 298-home active adult community with single family homes and one-story villas. The community includes tree-lined streets, a socially active lifestyle and an amenity filled clubhouse. It retains a small-town atmosphere where making new friends is easy and neighbors are friendly.

Heritage Pines in Cary was built by K. Hovnanian Homes (KHOV) and Westminister Homes between 2000 and 2006. The community is ideally set in the heart of the Triangle area between Raleigh, Durham and Chapel Hill.  This home is complete.  All homes in this community are resales.  Click on the underlined link to View Homes For Sale in Heritage Pines.   

Brier Creek

Regency at Brier Creek

Regency at Brier Creek Country Club in Raleigh enjoys a prime location in the middle of North Carolina’s popular Triangle area. While Brier Creek is open to all ages, the Regency neighborhood in the community is age-targeted towards mature buyers and includes low-maintenance homes designed to appeal to active adults. These elegant ranch homes, built by Toll Brothers, include desirable features such as spacious master bedroom suites and over-sized two-car garages.

Set within 15 minutes of downtown Raleigh, Durham and Chapel Hills, Regency at Brier Creek offers close proximity to many shopping, dining and cultural attractions. Within the community, residents will enjoy such amenities as the 18-hole championship golf course, the Swim and Tennis Pavilion, and the 40,000 square foot clubhouse.
 

Click on the underlined link to View Homes For Sale in Brier Creek.
 

 

Rennaisance at Regency

Renaissance at Regency

Surrounded by culture and nature, Renaissance at Regency is an inviting community on 165 acres with charming English-styled homes along Symphony Lake in Cary, North Carolina. Here, active adults will find quality and luxury construction at affordable prices. In addition, all cottages are truly maintenance free with professional landscaping and irrigation. New buyers have the opportunity to build their new dream home and establish a foothold in this desirable, established area in Cary.

With only 114 home sites, this quaint neighborhood will retain a close community feel. Renaissance at Regency Cottages welcomes buyers of all ages. However, active adults and retirees will find the lifestyle appealing to their needs and wants.

Click on the underlined link to View Homes For Sale in Regency 

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The Orchard Villas

The Orchard Villas in Apex, NC is an age-targeted ranch home community on the outskirts of Raleigh, North Carolina. With 86 homes, the Orchard Villas provides a quiet setting for adults who want a maintenance-free, ranch home living. The community includes a clubhouse and outdoor pool.

The 3,000 square foot clubhouse provides a great place for residents to gather, mingle and relax. Amenities include an outdoor heated pool, fitness center, bocce ball courts, putting green and card room. There are a variety of clubs and activities for the residents of Orchard Villas.

Known as the "Peak City," Apex is one of the fastest growing communities in Wake County. With a small town feel and big town amenities, Apex is one of the Triangle's most popular destinations for retirees. It is noted for its scenery and the quaint historic downtown district. The Orchard Villas enjoys easy access to Raleigh-Durham International Airport and Raleigh, Durham, and Cary are a short drive away. Nearby amenities include Jordan Lake, a community library, shopping, restaurants, health care providers and other services.
 

Chapelwood

Chapelwood

Chapelwood is an age-restricted neighborhood with an appealing streetscape and is located in the master-planned community of Downing Creek in Chapel Hill, North Carolina. Hagood Homes develops these residences with green building techniques and utilizes the EPA’s Energy Star for New Homes Programs. While resale inventory is available, new buyers have an abundance of customization options at their disposal.

Surrounded by the wooded and pastoral property of the UNC Alumni-Faculty-Staff Recreation Association (also known as The Farm), Chapelwood has a natural ambiance. The community further enhances this atmosphere by keeping 30 percent of its land undeveloped. With only 69 single-family homes scheduled for completion, this serene community will also keep its intimate appeal.
 

 

If you are thinking of moving to the Triangle I'd love to help you find the perfect home for you and your family.

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Jan. 21, 2012 - Carolina Arbors® by Del Webb® Coming Soon!

 

As many of you know I've been a specialist in Active 55+ communities for several years now and enjoy the benefits of working with the seniors moving here because we live in such a great area and also to be closer to family members that have gotten jobs here and the parents have followed.

Senior Real Estate SpecialistAs a Senior Residential Estate Specialist (SRES®) I am constantly keeping abreast of the current developments and future developments in the area. As we all know the Del Webb® Community in Cary has been a tremendous success and is anticipated to finish out well before the Charlotte Del Webb Community that launched at the same time at Carolina Preserve™  in Cary in 2006. That said, the national homebuilder is making plans to build another massive community under its Del Webb®  brand.

 

So what will the new Del Webb® community called Carolina Arbors® in Durham have to offer?

This is great news. The new Carolina Arbors® in Durham will offer the same great floorplans that have been offered at Carolina Preserve™  that have been so popular with buyers. Other features include:

• Low-maintenance living—yard maintenance included in homeowner's dues.
• Clubhouse will feature an onsite lifestyle-director, an indoor pool, fitness center, ballrooms, billiard rooms, tennis courts, bocce courts, putting greens, walking trails and MORE!
• 1.5 miles to Brier Creek, which offers shopping, dining and golfing.
• Close to Duke, UNC, and Wake Med Hospitals.
• Heart of the Triangle! Convenient to RDU International Airport, boating, biking, hiking, fishing, continuing education, cultural events, plays shows, collegiate sports and NHL.

  • Doggy park for the dog lovers too!

 

Based on the similar sized Carolina Preserve™  metrics at 380 Acres, the north Brier Creek community could easily have more than 1,200 homes at buildout.

 

What is the timeframe for development?

Pulte homes anticipates a rollout in Q32012 with delivery in the Spring 2013. 

Duraleigh Arbors By Del Webb

 

 

 

 

 

 

 

 

 

 

 

 

 

Where will the community be located in Raleigh?

The location is central to all parts of Raleigh, Durham, Brier Creek, and Chapel Hill. 

Active 55 in the Triangle - Top 10 New & Affordable

Why is the Triangle Area becoming so popular for retirement?

Retirement in Wake County NC - Triangle Active 55+ Communities help older adults stay active & involved

Active Adult Living In High Demand in the Triangle

Please let me know if I can assist you in any way with your new home search in the Triangle Area!

 

“Del Webb® and Carolina Arbors® are trademarks of PulteGroup, Inc. of Bloomfield Hills, Michigan and are used herein to convey purely factual information relating to the listed residential developments.  No association, sponsorship, or affiliation between this website, its owner(s), or parties posting content on this website exists with PulteGroup, Inc. 
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Jan. 8, 2012 - Fantastic Find in Oxxford Hunt in Cary



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$260,000 - Updated 4BR Home in Oxxford Hunt
Main Photo
Location: Oxxford Hunt
Comfortable living describes this immaculate 4BR home located on a large wooded
lot in Oxxford Hunt. The neighborhood itself is distinctive with pool, tennis
courts,walking trails, & proximity to Bond Park. Inviting wrap-around front
porch,formal living room w/hardwood floors, formal dining room, Master Suite
w/sitting area, & oversized deck. New Paint,carpet,fixtures! A must see!
Contact Information
My Pic Association Logo
Account Logo
Tracy Santrock
919-656-5310
2009 & 2010 Preston Listings, Listings Sold, Selling, and Associate of the Year
Pricing
Price: $260,000
Property Location
107 N. Drawbridge
Cary, NC 27513
Features
Bedrooms: 4Bathrooms: 2.5
Parking Spaces: 2Year Built: 1987
Subdivision: Oxxford HuntLot Size: .42
Garage Size: 2School District: Wake County
Square Footage: 2415Agent Name: Tracy Santrock
Broker: Fonville MoriseyMLS #: 1814211
Attributes
Appliances
  • Range/Oven
  • Dishwasher
  • Microwave
Interior Amenities
  • Fireplace
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Powered by vFlyer.comEqual Housing OpportunityVFLYER ID: 123327003
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Jan. 8, 2012 - Charming Ranch For Sale in Cary



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$225,000 - Charming Ranch in Springbrooke for Sale
Main Photo
Location: Springbrooke
harming split bedroom ranch on a gorgeous wooded lot w/plenty of privacy.
Oversized living room w/trey ceiling opens to the light & bright
kitchen/breakfast room. Master Bath w/garden tub/walk-in closet. Relax &
enjoy the wooded backyard on the recently updated screened porch/deck. Hardwood
floors are featured throughout the home. Tile in all bathrooms. A must see!
Contact Information
My Pic Association Logo
Account Logo
Tracy Santrock
919-656-5310
2009 & 2010 Preston Listings, Listings Sold, Selling, and Associate of the Year
Pricing
Price: $225,000
Property Location
106 Oakmist Drive
Cary, NC 27513
Features
Bedrooms: 3Bathrooms: 2
Parking Spaces: 2Year Built: 1992
Subdivision: SpringbrookeLot Size: .19
Garage Size: 2School District: Wake County
Square Footage: 1716Agent Name: Tracy Santrock
Broker: Fonville MoriseyMLS #: 1815476
Attributes
Appliances
  • Range/Oven
  • Dishwasher
  • Microwave
Interior Amenities
  • Hardwood Floors
  • Attic
Exterior Amenities
  • Grass Lawn
  • Wooded Lot
Powered by vFlyer.comEqual Housing OpportunityVFLYER ID: 123325001


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Apr. 24, 2011 - Cary Park Basement Home For Sale



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$450,000 - Basement Home in Cary Park
Main Photo
Location: Cary Park
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! The main level is furnished with site finished hardwoods throughout. The loaded kitchen includes stainless steel GE Profile appliances, a gas range, granite counter tops, a large kitchen island, maple cabinets and tile backsplash. The Gorgeous family room features built-ins and a gas log fireplace. Water views from all four levels (eat breakfast as you watch the ducks through the bay window), a fenced backyard, and a short walk to the Cary Park Swim Club are added features that makes this home such a great buy in Cary Park. Let's not forget location: Cary Park is one of Cary's most desirable neighborhoods for many reasons with location being near the top of the list. You can walk to the new Mills Park schools, the Cary Park clubhouse, swim in the competition pool, have plenty of fun on the 98 foot water slide! For the outdoorsman in your family there is a 28 Acre Lake and 2 miles of walking trails. Not to mention that Cary Park is just a short drive into RTP, minutes to RDU airport, I-540, I-40 and more. Lease-purchase optional!
Contact Information
My Pic Association Logo
Tracy Santrock
919-656-5310
2009 & 2010 Preston Listings, Listings Sold, Selling, and Associate of the Year
 
Logo
 
Pricing
Price: $450,000
Property Location
5623 Cary Glen Boulevard
 
Cary, NC 27519
Links
Features
Bedrooms: 5 Bathrooms: 3.5
Parking Spaces: 2 Year Built: 2005
Subdivision: Cary Park Lot Size: .17
Garage Size: 2 School District: Panther Creek
Square Footage: 4365 Agent Name: Tracy Santrock
Broker: Fonville Morisey MLS #: 1778759
Attributes
Appliances
Range/Oven
Full Refrigerator
Washer/Dryer
Dishwasher
Interior Amenities
Fireplace
Hardwood Floors
Kitchen Island
Exterior Amenities
Fenced Yard
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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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The Obvious Alternative Investment
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