Yes it is.
Clients came to town Saturday and 4 or 5 of their Favorite choices had gone under contract last week.
Under $250,000 is moving in Cary.
Now, come December 1, the $8000 subsidy for 1st timers ends.
That will remove about 45% of the buyers from our market dynamic.
And it appears that the FED will quit buying MBS's, an driving interest rates higher.
1% more interest, a couple hundred bucks more in mortgage payment. Afford less home on the same income means you have less of a buyer pool, or people who are looking resentfully at stuff that is smaller and older than they really want, but all the can afford.
And, we are burning our powder. The 1st timers are, by a great majority, taking very high LTV loans. Yep. Over 70% putting down 3.5% or less. L-E-V-E-R-A-G-E may spell OVERLEVERAGED. I consider that a personal decision, but it sure doesn't help the liquidity for lenders to loan to more buyers.
So, are you sitting on a quaint little love shack,
and it will fall into 1st time buyer price range, and you have been considering cashing it in? Well, it just might be time to give it the old Q-Tip detail, and the White Glove cleaning, and get it on the market to move it while the 1st timers are in full stampede.
This is the HMBI page that indexes all the cities where HUD is holding foreclosures in North Carolina. If your city is currently not in the index, there are currently no HUD homes available in your city. When one becomes available, your city will be back in the index.
It is an easy index to use. Check the boxes in front of the towns and cities where you have interest, scroll to the bottom, and click "Search."
You will then see a page from HMBI listing HUD properties organized by town. Each property listing offers links where you can access information on bidding procedures, and more information about HUD Homes.
The site will also help you in finding a HUD-registered broker. I am registered with HUD, through Keller Williams in Cary, NC, and can access HUD homes and submit offers for buyers.
The HMBI site will not give you the MLS number for the property. You can put the address into my site's Address Search to get the MLS number.
Normandie is a neighborhood of fine traditional custom homes, built by several well-known local custom builders in the 1990's.
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Located between Lake Pine Drive and MacGregor West, Normandie residents enjoy superb access to shopping, Apex Community Park, employment centers, NC State University and downtown Raleigh, NC.
Recent home sales in Normandie have ranged between $450,000 to over $500,000.
Click here to view currently available homes in Normandie.
Homeowners Association dues are approximately $300.00 yearly and are used to support maintenance of common areas, and administration of the HOA.
Schools are managed at the county level, including school assignments. Click here to view Wake County School assignments by student address.
Wake County Real Estate taxes are based on 2008 tax value assessments, which are loosely linked to market value at the time of reassessment. Click here to see Wake County Property Tax Rates, for the county and all towns and cities.
Cary, Raleigh, Wake County and Beyond! North Carolina Realtor. Real estate broker with Keller Williams Realty. Helping Buyers and Sellers attain their goals. Land, Homes, Investment Properties.
In my 12th year in the Raleigh, Cary, Wake County area. No GPS needed!
A dear client told me, "You're a real person, Mike."
How rewarding! A Real Person! The coveted "ARP" designation.
I promise I'll be a "real person" for you, too!
Elevate!
Land, farms, building lots, rehab homes, rental property, estate homes, golf course homes, townhomes.
Are you trying to sell a "Problem Property?" No fear here. Call me, and let's see what you need.
I have a hands-on construction background, which I think benefits my clients.
First-time Buyers and Seniors are among my favorite home-buying clients.
Real estate investment is a powerful component in a successful investment portfolio. I enjoy "doing the math" on investment homes, multi-family properties, and land, and helping folks build wealth with real estate.
If you need to buy or sell an acre, or a thousand acres, a farm, or transitional land, give me a call.
And Historic Homes? Honoring the past through preservation can be very rewarding. Having renovated two homes for myself, I know the sacrifices and the rewards of opening Pandora's Box. It can be a trap...or a treasure chest!
Thanks again for the successful sale of our house. We appreciate your help, patience and understanding. Keep in touch!
Bev and Bob
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Mr. Jaquish
I would like to thank you for the work that you are putting into selling our mothers home on P....... Rd. I looked it up on the internet and was pleased to see what you have done. It brought back such a good feeling in my heart when I saw my moms house, I hope that things will work out and we can let someone feel the warmth that anyone who walked into that home felt when my mother was living.
Thank you,
Robin O.
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Thanks again for your time and assistance Mike! You're the best! Kim
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Although I've never had to sell a property before, long or short distant, you made what I thought would have been very difficult, possible, and I thank you.
My Sisters and I are satisfied as I hope you and the buyer are.
I truly believe you were sent to us.
THANKS AGAIN FOR EVERYTHING.
Carmen
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Prospective Clients of Mike Jaquish:
As recent homebuyers, with Mike as our agent, we offer this letter in the highest recommendation of Mike Jaquish's services.
Being first time homeowners, we had done as much research into the prospect of owning our own home as we could but fell far short. Luckily for us, with Mike as our guide and representative, the process proved to be one of refreshing honesty, clear vision, endless patience and selfless dedication on Mike's part.
Once the three of us determined what we wanted and what we could afford, Mike utilized this information to locate and present only the properties satisfying our needs, avoiding the wasted time often spent viewing homes above our budget or below our spatial expectations. His expediency in locating properties as soon as they hit the market allowed us to bid quickly and his expertise and candor in interpreting the home reports prevented a couple of purchase disasters.
As we moved toward purchase, Mike worked flawlessly with our loan agent (Kevin Martini), leaving very little for my wife and I to worry about.
We now own the home we wanted in the place we wanted and consider Mike Jaquish in our circle of friends. We're sure anyone hiring Mike will feel the same.
Sincerely,
James and Ali
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We were put in touch with Mike when my wife got an aggressive job transfer from Atlanta and a friend of a relative referred him. Even though we were only looking for a six month lease, Mike treated us as if we were property buyers. Within two days, and only five tours, we located a property to match our needs until we could get settled into Raleigh. He was great! We plan to use his services again when we are shopping for a real home this fall.
Hans and Stephany
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Mike Jaquish is a fantastic cohort in the Cary KW office. If I am too busy to get ahold of (not likely :) Mike would be an excellent choice to get a difficult question answered.
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Hey Mike. Thanks!!! I sure wish we could do more deals together. You are a great agent to work with!! :~) Maybe in the future. Kel
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