Cary Real Estate Blog

YOU’RE UNDER CONTRACT – WHAT’S NEXT?

Here at LG Real Estate, we have noticed a significant upswing in our activity level starting in December.  Our showings have increased, our phones are ringing, and we placed 3 homes under contract the last 2 weeks of January.  Let’s say one of the homes we placed under contract was yours …. What’s next?

First, usually within 7 days of signing the contract, inspections will be set up

These inspections are most often for the home, for radon, and for pests.  If the NC licensed inspector has reason to question what he observes with the HVAC units, the structural integrity, or the rest of the house, other professionals can be scheduled by the buyers to give an opinion.

Next, you as the seller normally wait 7 to 10 days for the inspections to be completed. 

Then, together we review the inspection report and a list of requested repairs.   In today’s market, you need to be prepared to do the majority if not all of the listed items.  In many cases, the buyer’s request that the repair work be done by a NC licensed general contractor.  Our team has great relationships with many contractors / vendors in the area and we can always make suggestions of people that have a proven track record with us. 

Once the agreed repairs are complete, we substantiate the work by sharing the receipts with the buyer’s agent. 

Then, the buyer’s agent will normally schedule a time for the buyers to “walkthru” the home and visually look at the repaired areas.  The buyer’s walkthru can include a re-inspection of the agreed upon repairs by the hired inspector.  This walkthru helps the buyers feel confident about their purchase.  That is why, at this stage, you as a seller can feel a great sense of relief knowing that all the repair work was completed by a quality vendor.

If I can share one tidbit of advice, it is that the money to complete the repairs identified by an inspector needs to be part of your budget from day 1.  A pre-inspection prior to marketing you home is an excellent idea.  My team and I will work diligently with you through this part of the process.  It’s our job to guide and support you through the inspections and repairs so that your “under contract home” is now a “sold home”.

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Looking to buy a home in Cary - now is the time to pull the trigger.  Here’s why:

1.  Availability – There are currently 777 detached homes for sale in the Cary, Apex, and Morrisville areas.  The abundance of homes on the market affords you a great opportunity to pick and choose so that finding your dream home is an easier task.

 2.  It’s a buyer’s market –The number of homes for sale in most price ranges far exceeds the number of buyers coming into the market, so it’s a buyer’s market.  Since many of the homes have been on the market for a considerable time, motivated sellers are reducing their price and much more willing to negotiate.

 3.  Interest rates are at historic lows – Earlier this year, rates on conforming 3o year fixed mortgages hit a level not seen in decades and have remained near that low for weeks.  In addition, Capital Bank and Crescent State Bank have designed special low rate mortgage programs to help boost traffic to new home communities in Cary.

 4.  Tax Credits Available for a Limited Time – First-time homebuyers have until April 30, 2010, to take advantage of the federal tax credit of up to $8,000!  Repeat homebuyers have until April 30, 2010, to take advantage of the federal tax credit up to $6,500! Renovations: Are you buying a home that needs a new roof, windows, or insulation? Qualified homeowners may receive a tax credit for 30% of renovation costs, up to a maximum of $1,500, for energy-efficient improvements to their current primary residence.

So now is the ideal time to find your dream home here in Cary.  For an inventory of our current listings in Cary and to view all the available homes, please visit our website at LG Real Estate.

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For assistance in finding a home that qualifies for the credit, Call LG Real Estate at 919-653-2647.

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Meet the LG Real Estate Swat Team

One of the things I am most proud of is that our LG Real Estate listings have the reputation of showing in top condition. In today’s highly competitive market, agents can typically present a buyer with as many as 30 to 50 homes that fit their price point and location. That’s why I place a priority on ensuring our homes stand out; when they do, they get the showings and ultimately the offer and contract. As an agent, I work very hard educating and guiding my new clients about the expectations of their homes as resales in a heavily saturated market.

 HGTV has done wonders to educate and inspire homeowners to be creative and tackle many projects to make their homes special, comfortable and personal. Yet, when a home is on the market and needs to appeal to a broadcross-section of potential buyers, neutral is actually best. To give the best advice to our clients, my supporting staff-Lee Ann Crowder and Jennifer Grinter-are specially trained and equipped to help our sellers. Once I have all of the paperwork signed to market a home, Jennifer Grinter makes an appointment with our new clients for the SWAT Team visit.

Swat Team Visit

 Jennifer and Lee Ann arrive at your Cary home with notebook and pad in hand and a very keen eye for all of those things we each overlook as we are busy just living our lives. Not even a spider web is too small to be

Jennifer & Lee Ann

overlooked, but don’t worry: we don’t suggest more than is necessary. Our goal is to ensure the home’s exterior and interior is as clean as possible and all the features show in their best light. This may mean anything from suggesting that you repaint a bath to “pop,” trim those shrubs blocking the front of the house or move the sofa from upstairs in the bonus to downstairs in the family room to enhance the scale of the room.

Helpful Suggestions

 Both team members are very detailed and have experience and training in design placement and style. Jennifer takes the lead on documenting all of the home’s features and creating our executive home brochures. Lee Ann focuses on placing the furniture and ensuring the client’s home looks as neat and as peaceful as possible for potential buyers. It helps for clients to have somewhere they can store personal belongings until they move. Friends’ homes, donation locations and even recycling sites can be of assistance.

 Our SWAT team takes this job seriously, and we are always sensitive to each seller. As we say, no one really lives the way you need to while you are selling your home. You may have to live lightly for a while, but it will get YOUR HOME SOLD. If you are serious about selling your home, call us at 919-653-2647.

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Cary NC is a great place to raise a family and of course be a grandparent. Cary is a vibrant community of 132,000 (2008 count) located between The City of Raleigh and the Research Triangle Park.  The average age in Cary is 33.7 which means families, children, and of course lots of grandchildren.  There are wonderful parks, great schools, beautiful neighborhoods, and plenty of activities for children and grandchildren.

Allie & Ashley

We (Dave & Lenda Goulding) have 2 married sons that live in Cary and 3 precious little granddaughters.  Our oldest son Rex and his wife Lora live in the Preston area of Cary and have 2 daughters – Ashley age 6 and Allie age 4.  They love swimming at the Prestonwood CC pool and fishing in their backyard which is located on one of the Preston Lakes. 

Sadie

Our 2^nd son Ryan and his wife Dani live in the Weston Manor subdivision of Cary. They have a daughter, Sadie Claire, who will celebrate her 1^st birthday in a couple of weeks.  Sadie is now walking and loves to explore and play games with GG (Lenda) and G-POP (Dave).

Normally, we as parents follow and locate close to our children so that the grandkids are nearby.  We are very fortunate to run a business- LG Real Estate- in a town so inviting and conducive to young families.  Our oldest son Rex moved to Cary from Boston in 2003 and Ryan moved here from California in 2007. 

Cary Senior Center

So not only is Cary a terrific place to raise a family, it’s also a great place for grandparents to reside.  The parks, recreational, and cultural department of the Town of Cary operates the Cary Senior Center.  The Cary Senior Center is a 17,000 square foot recreation and education facility designed by and for the adults 55 and older in Cary.  The center sponsors such activities as the Senior/Teen Wii Bowling Challenge, Ice Cream Socials, Annual Evening Concert (free), Tai Chi and other exercise classes. 

 So grandparents come to Cary – the kids and grandchildren will follow!

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Last weekend, my husband Joe and I took our 1 1/2 year old mini labradoodle , Kanga Ru, for a short drive from our Preston neighborhood in Cary, NC to the American Tobacco Trail.    While Kanga had to be on her leash, per the trial rules, we all had a great time just enjoying our walk.  We accessed the path at the White Oak Trailhead just off of Green Level Church Road.  The actual address is 1305 White Oak Church Road, Apex, NC  27523.

Kangu Ru ready for her walk!

We passed a lot of bikers and walkers.  I think next time we will bring along some friends who have a labradoodle as well.  In our real estate business, LG Real Estate, plenty buyers are always asking about local things to do in Cary.  I can’t believe how long it has taken me to enjoy this option that is so close and accessable to our home.  Do you have any ideas for local outings?

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Wow!  Am I excited.  As what seems like a rarity, I am a local girl who grew up around farming and lots of fresh veggies.  Many summer nights were spent hanging out under a HUGE old oak tree while the family shelled beans and told great stories; often after a fun evening of baseball.  An all veggies dinner is still something that I love!

Veggies for Sale!

One of our favorite neighborhoods which we specialize in at LG Real Estate is Carpenter Village.  Just last weekend, they opened  a weekly Farmers Market which is open each Saturday until November from 8am- 12pm.  You can find out more about the amazing local vendors, fresh from their farms at www.westernwakefarmersmarket.org.  The address is 1226 Morrisville Carpenter Road.  Perhaps I’ll see you there!

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Triple Tax Credit

The new stimulus bill, recently signed by President Obama, triples energy tax credits for energy efficient home improvements.

Now is the time to repair or replace old energy systems with new efficient systems that save monthly energy costs and provide a generous tax credit to boot.  When you invest in highly rated insulation, replacement windows, duct seals, or high-efficiency heating or cooling systems, you can now receive a tax credit worth 30% of the upgrade cost.  The maximum credit you can receive is $1500.

Additional Tax Credits From State of North Carolina

As a homeowner in Cary NC, you can further maximize your savings by choosing projects that also qualify for a State of North Carolina tax credit.  Current projects that qualify for NC tax credits are related to renewable energy sources.   For a list of qualified projects, please refer to this website: North Carolina Incentives for Renewable Energy.

Any energy improvement projects that you are considering need to be installed between January of 2009 and December of 2010.  Cary homeowners – you can then claim your tax credit when you prepare your income tax return for 2009 or 2010.  Here are the important records you should retain to verify your credit:

• Name and address of the manufacturer
• Make and model number of the component
• Statement that the component meets the energy efficient standards
• Climate zones for which the criteria is satisfied
• Declaration that the certification statement is true

List of qualified components and projects

To view a list of components and projects that qualify for the expanded federal tax credit, please visit the Energy Star website.  We would be happy to recommend qualified contractors in the Cary area who have worked with our real estate clients and done a fine job.  Please call LG Real Estate at 919-653-2647 or visit our website: CaryHomesNC.com

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Pardon Our Glow – LG Real Estate Client Featured

You may have read the recent SMARTMONEY Magazine article about the Triangle real estate market. Just in case you missed it, the article focused on US cities that are going against the trend of rapidly declining home values, epidemic foreclosures and short sales. The article also includes comments from one of our past LG Real Estate clients, Mr. John Minicucci who purchased a beautiful home in Cary’s popular Preston neighborhood.

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