Monthly Archives: July 2021

Buyer’s Agent at New Construction, It’s FREE

New custom built homes have become a HOT topic throughout the Triangle and we highly recommend having a Buyer’s Agent helping you through your home buying process of a new construction home! Front Porch Realty Brokers Teresa Ennis and Laura Moody recently chatted about what it really means to have an agent on your side when purchasing a home. We encourage our buyer clients to browse through new construction neighborhoods, we just want you to be aware that the “on-site” agents in the model homes WORK FOR THE BUILDER.  It is perfectly fine to get information and pricing from them, just remember not to talk to them about anything you would not want the builder to know, they legally have a fiduciary duty to the builder they represent. At first communication at a new construction neighborhood be sure and tell the on-site agent that you have an agent representing you. You will likely need to fill out a form with your info as well as your agent’s info. Your Front Porch agent will suggest you have a pre-drywall home inspection as well as a finished home inspection. You are making a huge investment!  No worries, we will set this all up for you and coordinate the timing with the builder. We also highly recommend a new survey, the one the builder will give you at closing will be from before the home was built. You will want an accurate updated survey, especially if you plan on putting up a fence in the future. Front Porch Realty has 25 + years of experience selling new construction homes in the Fuquay-Varina area and the best part is our representation as your Buyer’s Agent won’t cost you a thing! View Teresa and Laura’s video chat HERE. View the North Carolina Real Estate Commission Working With Real Estate Agents HERE. If you are looking for some great support in your search of a new construction home, our real estate professionals are happy to help get you started! Contact us at 919-577-0175 or learn more by sending us a message HERE.

Making Your Offer Standout With an Appraisal Addendum

FRONT PORCH REALTY agent, Donya Clark and FRONT PORCH REALTY Owner and Broker-in-charge, Laura Moody, recently had a discussion about appraisal addendums and how they’ve become quite important when putting in an offer. The market is tough for our buyers right now and FRONT PORCH REALTY agents understand the challenges of putting in a winning offer! Multiple offers are being submitted for homes these days, often at sales prices much higher than what we believe the homes will appraise for. The buyer’s lender will NOT loan more money than the value of the home is worth and this is determined by a licensed real estate appraiser. To assure the sellers that you will not use a low appraisal to try and re-negotiate your terms, an APPRAISAL ADDENDUM can be added to the Offer To Purchase. This attorney written addendum lets the homeowner know the buyer is willing to pay their offer price regardless of what the home appraises for. In other words, the buyer has the cash difference available to bring to closing if the appraised value ends up coming in less than their offered price. Watch Donya and Laura’s video chat HERE. All of our FRONT PORCH REALTY agents strive to make buying a home a positive and professional experience for you. With interest rates at all time lows, its a great time to purchase a home, just make sure you have an agent on your side, Buyer’s Agency representation will not cost you a thing at FRONT PORCH REALTY! Begin your home search now by calling or messaging our Agent on Duty today! 919-577-0175 or send us an email HERE.

SW WAKE COUNTY MARKET UPDATE | Q2 2021

We are all excited to see our local economy up and running again, however our housing market is still facing many challenges!

The new market update shows us just how low our inventory of homes is; less than a 1- or zero-months’ supply across all price points.  We included “Coming Soon” listings in our “Active” supply numbers, “Coming Soon” status means the home cannot be shown to any buyers yet, the owners are getting them ready for the market. Our local buyers are so desperate for a home they are buying them sight unseen, across all price points!  As of this writing, we ONLY have 119 homes for sale currently in Holly Springs and Fuquay-Varina according to our local TMLS, and that includes any advertised new construction that may not even be built yet.

View our Q2 Market Update HERE.

Front Porch Realty has added 3 brokers to our office this year, including one at the North Carolina coast. We now have 12 professional real estate brokers to help you, your relatives, co-workers, employees, and neighbors. Please consider Front Porch Realty YOUR LOCAL go to real estate company. Don’t forget to LIKE US on Facebook and Instagram if you haven’t already! Let us know if you are thinking of selling your home, it is a fantastic time to maximize that equity!