President Obama Signs Extended Tax Credit into Law

If you thought your time was running out to use the homebuyer tax credit, your luck just changed!  Today, President Obama signed the bill into law extending the $8000 first-time homebuyer tax credit.  In addition, this new law now includes a $6500 tax credit for buyers who are current home owners and have lived in their home for five of the past eight years.

The National Association of REALTORS® has created a simple and helpful CHART that showcases the modifications – for more information, click here

Top 10 Tools for Buyers and Sellers

Friends,

We are excited to report that we have updated our website to include a new resource page for Buyers and Sellers. Our Top 10 Tools for Buyers and Sellers  include information about popular home buying and selling subjects. Here are just some of the tools listed on the on the website for your added convenience.

Wake County School Assignment Finder
Walkscore.com
Foreclosure and refinance help
Cost of living calculator
Felsonspy.com
And much more!!

Positive Signs for the Triangle’s Real Estate Market

Recently reported in the Triangle Business Journal was some uplifting data that showed positive signs for the Triangle’s real estate market. One good piece of news that came out of the article was that number of homes on the market dropped from a 14.9 to a 7.5 month supply. Click here to read the full story.

Does your home say “WOW” or “WORK”?

Listing homes these days is quite a challenge with the current market conditions, the ever-increasing inventory, the very optimistic buyers , and the all-too-stressed seller. Many Sellers have had experiences in the past where their homes only took 2-3 weeks to sell but those days are on hold right now and what worked in the past in getting the home sold now requires more attention than ever. When the home goes on the market, it simply has to say “WOW” when the buyer walks in the door and not “this will need WORK.” Trust me, the extra time or dollars spent repairing and staging is truly cutting the days on market. We have had Sellers willing to make the needed changes to take an average, nice home to the next level. We recently had a home in Cary, NC go under contract in 5 days! The Sellers worked down the list, made the recommended changes, and even replaced the driveway that was an eye sore. Their work paid off and they WOWed their buyer! On closing day, they felt WOWed too that it didn’t take 30, 60, 90 days on the market for them to pursue their new dream home. So…encourage your Sellers to WOW up their homes and WOW their buyers!