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Teresa & Lee Fowler

Major Happenings - Triangle Area, NC

With all of the bad economic news it's great to know this area of North Carolina will once again be booming. UNC has conditional approval for a new 68-bed hospital to be built in Hillsborough. The new hospital will include an emergency room, observation beds, operating rooms, general procedure rooms, a vascular and interventional radiology room and a radiology procedure room. This should alleviate congestion at the main facility in Chapel Hill. The plans are for this facility to open in 2014.

Duke is also in the news with plans for a new Cancer Center and Major Expansion of Duke University Hospital. This new expansion should bring many new jobs to our area and new families along with it. The new "state of the art cancer center" and new "Duke Medicine Pavilion" (a major expansion of surgery and critical care services) will bring high quality healthcare as well as be a leading economic driver creating as many as 1,500 jobs during construction and an estimated 1,000 permanent jobs upon completion.

Duke University Hospital

It's a great time to think about moving to the area and if you have clients or you yourself are considering this area and need help finding the perfect place, don't hesitate to call or visit www.fowleradvantage.com for more information!

Never A Better Time To Buy A Home

Dear Friends,

We felt it was time to reach out to our client base as well as new potential clients and share the good news regarding the current market. We feel there has never been a better time to buy a home than RIGHT NOW!

Buyers need to get on the bandwagon while rates are still low and values are at their lowest point in years and before the $8000 First Time Homebuyer Tax Credit is gone! We would anticipate that property values may soon rise and multiple offers seem to be increasing. In addition, interest rates are expected to increase over the next year which means making a home purchase now, may be a great economic choice.

We would welcome the opportunity to speak with you regarding your interest in purchasing a new home, vacation home or investment property.

In discussing interest rates and mortgage options with our first choice lender, Tanya Wilson at Franklin American Mortgage Company, she said that "interest rates are truly at an all time low and they have been funding loans in record numbers once again. Borrower's confidence in purchasing new homes has come full circle and she is prequalifying numerous new clients each day". In addition to great rates on conforming and FHA loans, they are offering phenomenal rates on 100% USDA loans. She is also happy to discuss their competitive options on refinancing your current properties as well. Call Tanya Wilson Today at (336) 314-4397.

To discuss the real estate opportunities available, please give us a call at Teresa 919-260-2713 or Lee at 919-260-2713 or email us at teresafowler@kw.com and sfowler220@nc.rr.com and we would be happy to assist you. We hope to hear from you soon and look forward to giving you a first hand look at the opportunities to build wealth through real estate.

All the very best

Getting Ready For Winter

It's that time of year again, and here in North Carolina we are begining to feel the change. Thats right, old man winter is right around the corner. Because we're having cold temperatures at night it's time to start thinking of home winter preparation.

What is home winter preparation, you ask? It is the things that need to be done, to, and around your home to help protect it from the elements. First off, lets talk about the trees close to the structure. Any overhanging branches that are close to the roof need to be trimed or removed. Wind will do wonders with these branches and the effects of branches blowing and making contact with the shingles can be costly.

Next it's time to remove all leaves, dirt and branches from the gutters. Any debris in the gutters will weigh it down. It prevents all of the water from reaching the downspouts. Also take time to make sure the downspouts are clean as well and that all of the water, coming from the downspouts, runs away from the foundation. Check to make sure the gutters are in good shape and not sagging or falling away from the structure. Make any repairs needed.

Now that the trees are trimmed and the gutters are clean, it's time to inspect the roof for missing, cracked, or deteriorated shingles. Areas with missing shingles, obviously need to be fixed. The idea is to keep all the water on top of the shingles and not let it get under them. Replace any broken or missing shingles. Now if you notice a few cracked shingles, it is a good idea to buy a tube of roofers caulk and fill these cracks in. Also check the caulking around any flashing, vents, sky lights, and chiminey. These are the most common areas for water entry. If you are not a DIY type of person, then you may need to find a roofing contractor or handyman to do this for you.

Any exposed wood, for example, the fascia and rake boards, needs to be sealed. A fresh coat of paint or stain will do the trick. One way to tell if your are in need of paint is to look for peeling or cracked paint. If the fascia or rake boards have been stained, check for discoloration or fading. These are signs of needing to be stained or sealed again.

Your roof is now ready for what winter has in store. A little work will save you a lot in the long run. My next blog will tackle the rest of the home, excluding the roof.

What Is A House?

Being in the Real Estate business we get to see what a home really means to people. For young first time home buyers it's a new, very exciting, and sometimes scarry journey. For older people it's a safe haven of comfort and security. A house means different things for different people. I wanted to share with you what a house means to us:

A house is more than a place to put your feet up and watch TV. It represents belonging and offers placement in a crowded world. Have you ever met anyone who didn't at some point ask "Where do you live?". A home represents our most heartfelt relationships. It offers a safe haven from storms; it's where we have dinner with our family and a place that offers us privacy. It holds all of our "stuff"; it's where we entertain our friends and it's where, at the end of the day, we can lock the door and sleep peacefully. It's where we belong... Let us help you find your place of belonging or provide the personal touch and service required in the many steps in selling the place where you've held so many memories.

Tougher Lending Environment Ahead

Benjamin Franklin once said, "Time is money." And that great truth is especially important to remember these days as changes continue to unfold in today's housing market. In an effort to protect consumers, the government continues to create new guidelines surrounding the home loan process. Fannie Mae recently made changes in Announcement 09-19 regarding Miscellaneous Underwriting, Eligibility, and Property Related Updates. These changes are in effect on loan applications dated September 1, 2009 and later.

While consumer protection is definitely important, these guidelines have made the mortgage process tougher. It's crucial that you prepare your clients for these tougher requirements and explain to them how important it is for them to provide good, timely documentation.


To learn more about these changes, visit https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2009/0919.pdf.