Tip #5: Understand DOM and $/SF

DOM is “Days On Market”. This number is important because the longer the home has been on the market, the more likely the seller is to accept a lower offer. Reports printed by your broker from the Triangle Multiple Listing Service (MLS) have two kinds of DOM. The first, LADOM, means “Listing Agreement Days On Market”. Listing agreements can be terminated and new agreements signed, agents can be fired and hired, and this number will

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Why to use a Realtor for New Construction

Buyer Representation in New Construction Many buyers often don’t realize that real estate agents can also represent them when purchasing a new home. The compensation works the same – commission is paid by the seller, so it is still a free service for the buyer to use a Realtor for new construction!  If you work directly with the builder, the builder will have an agent representing their fiduciary interests and you will be representing yourself in

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Buying a New Construction Home in a Development

Building and buying a new construction home in a development can be less risky than building on a stand-alone lot, however there are still numerous varieties and options to be aware of. Two Types of New Construction Developments Multiple Builders In this case, an independent developer purchases a large plot of land and subdivides it, and installs the roads, utilities, entrance, and amenities, such as a pool. He then auctions the lots off to a “builder

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Tips for improving your credit score

When you’re buying a home, you’ll find yourself overwhelmed with numbers. Interest rates, sale prices and down payment percentages, just to name a few. But I think the most important number you need to focus on is your credit score. The three-digit number that represents your credit score has a big impact on how much you can save buying a home. The higher the score, the lower the interest rate you’ll pay for the money

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Painting Your Home to Sell

Painting your home to sell with market-friendly colors is an essential part to preparing your home for sale as a “move-in ready” property.  Fresh paint gives an overall new sense to the home while making it feel larger and more inviting. Sometimes home-owners use too many colors which chops up the home and can make it feel much smaller than it truly is.  We neutralize the color pallet and makes the home feel larger by

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New Home Construction

The Triangle has been ranked as one of the best places to live in America for decades, and as a result, national, regional, and local builders have focused on building new homes here. For a long time, the supply of build-able land was plentiful, but even before the recent slowdown, the cost of lots (and therefore new homes) in the most convenient areas has skyrocketed. However, for anyone willing to drive just a little further,

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Bathrooms Renovation Tips for Home Selling

Buyers consider bathrooms a key selling point in a house, especially in the master suite area. It is one of the most used rooms in a home and can have a large impact on buyer’s decisions to purchase your home. According to the National Kitchen and Bath Association, today’s bathrooms are more elaborate and luxurious.  These preferences are common among buyers of move-up and luxury homes, but the trends also trickle down to entry-level homes

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Different Types of Home Loans: FHA, Conventional, USDA, & VA

When looking at all the different types of home loans, the choices can be overwhelming. To help make sense of these options, we have narrowed down the 4 major home loan types: FHA, Conventional, USDA, and VA. They each have their own benefits and drawbacks, and are designed for specific circumstances. Take a look at the basic information for each, and talk to your mortgage broker for more information.[divider] 4 Major Types of Home Loans:

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Home Selling Tips

Click on each home buying tip for an in depth explanation! 1. Make buyers fall in love with your home As a seller, you must understand the mind of the buyer and make buyers fall in love with your home. 2. Make a profit when you sell with smart investments Visit our “How to Properly Prepare & Stage a House for Sale Guide” to learn more! 3. Do these easy things These easy, low cost

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Top Things to Consider when Buying a New Construction Home

New Home Construction Questions to Ask Whenever you are thinking of buying a new construction home, you have the peace of mind of knowing you will be the first owners. However, even new construction comes with a list of questions you should consider. After working with countless builders, agents, and home buyers, Hunter Rowe has created a New Home Construction Questionnaire that we think all new construction buyers should consider. Here are a few examples from

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How To Market Your Home to TRIANGLE Buyers

When it comes to marketing a home, the first question to answer is … “How do buyers in the Triangle area find the home they purchase?”  Once we know that answer, we can market effectively. Note that this is a different question from “How do buyers nationally find the home they purchase?” Buyers behave very differently in different markets. Many homes sit unsold for a long time, because they are being marketed where conventional wisdom

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Where Do These Beautiful Granite Countertops Come From?

When you are deciding what type of countertops to put in your kitchen or bathroom, there is a huge selection of materials to chose from: Granite, Laminates, Plastics, Glass, Quartz, Marble, Polished Concrete…the list goes on and on. Yet, for all the options that are out there, granite remains one of the perennial favorites. Why is that? One of the big selling points of granite is simply what it represents: Style and Quality. Historically, granite

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Top Home Buying Tips

Click on each home buying tip for an in depth explanation! 1. Get Your Financing Figured Out Early Visit our Home Buyer Financing Guide! 2. Start Early It’s important to start your home search early because if you start looking too late, you might buy the wrong home. 3. Walk the Neighborhood Before Making an Offer Before making an offer and committing to purchase a home, take a few slow walks through the neighborhood at

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Home Flooring Tips to Sell Your House

Buyers typically look down first instead of up – so having well prepared floors throughout your home is important to making a great first impression of the interior of your home. Special attention to your flooring is even more important if selling your home vacant since it will be most of what a buyer will see in any given room.  Follow these home flooring tips to sell your house quickly and for the most money!

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Tip #7: Understand Short Sales and Foreclosures

Today there are many more short sales and foreclosures on the market and as a buyer it is important to understand what exactly each of these terms mean. Short Sales A “short sale” is a situation in which the seller owes more on the home than it is worth, and does not have the funds to come up with the difference at closing. In North Carolina, the seller must disclose that it is a short

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