Thursday, July 16, 2020

We have seen the pandemic affect our local housing market, however it may not be in the way you would have expected; “ready” and motivated buyers have been abundant these last few months. According to our latest Triangle MLS statistics, the Triangle area housing inventory was down an average of 30% April 2020 from April 2019. Our inventory began to slightly improve by June but was still down 20% compared to one year ago. Interest rates remain at record lows and some new construction has fallen behind schedule due to Covid and an unusually wet spring. This has caused our market to remain deep in a seller’s market with multiple offer situations and sales prices ending up way above list prices, especially in the lower price points. Our southwest end of the county saw an increase of units sold Q2 2020 across the board compared to Q2 of 2019. Our inventory remains super low at about one month’s supply, or less, across all areas and all price points.

See the 2nd Q 2020 market snapshot of the local housing inventory HERE. If you were thinking of selling your home this year but wanted to wait until the immediate threats of Coronavirus are over, the new COMING SOON status would be a perfect fit for you. Read more HERE to find out how COMING SOON can get your home “on the market” safely.

We are here to help you, your relatives, co-workers, employees, and neighbors. Please consider Front Porch Realty YOUR LOCAL real estate professionals! Please LIKE US on Facebook and Instagram if you haven’t already, and please Send us a message, or give us a call today and let us help you get moving too!

Wednesday, July 1, 2020

We all know and love the Annual Fireworks show out in Holly Springs for 4th of July. They are still going to run the show, however, to keep the community safe it will be a virtual event. The live-stream will be on the town’s website or the town’s YouTube channel. The virtual fireworks will premiere July 5th. You can cozy up by the fire or start up the grill before the the show begins!

Before the fireworks come around the corner Friday, July 3rd for all those who love Jazz, Pop, R&B and Gospel, a free online concert will be streamed. Holly Springs Cultural Center’s Facebook page will showcase the Triangle’s hottest performing artists, Mo’Jazz featuring Connie McCoy! They have incredible stage presence that radiates through the soul with every song. Bringing entertainment, energy and enjoyment.












Then Holly Springs Parks & Recreation will be presenting July 4th Food Art at the Farmers Market on the day of Independence. If you are interested in entering, check out their website for more information.

Thursday, June 4, 2020

This ADORABLE ranch home with 3 bedrooms and 2 baths is getting ready to hit the market!

Laminate flooring throughout the living area and bedrooms. The kitchen is bright and sunny with an island and ceramic tile flooring.

There is even a sunroom off of the kitchen for enjoying the private wooded backyard. The owner’s have really enjoyed their landscaped fenced yard complete with brick patio for entertaining.

This home is in a perfect location right near the Beaver Creek shopping center, many walking trails, and an easy commute to anywhere in the Triangle!

CONTACT US today to view this home before it is too late!

Tuesday, May 12, 2020

In this un-precedented, sad, and anxious time we wanted to continue our “normal” quarterly look at real estate statistics for OUR TOWNS. The first quarter of 2020 began with a bang as expected and was essentially un-touched by the Coronovirus pandemic. Sales were up from Q1 2019 across the board, Days on Market were down, sales prices showed an average of 6% increase. We are still experiencing a shortage of homes to sell in our area even with the many new home neighborhoods that are popping up all over.

With real estate deemed as an “essential business” our Front Porch Realty agents have continued listing and selling real estate, using all precautions of course. There are still many buyers needing a place to live and we have even seen some sellers take advantage of the awesome low interest rates and “move up” to now more affordable larger homes. We will continue our quarterly Market Update throughout the year, only time will tell how Southern Wake county will be able to recover from this devastating pandemic on our local business’ and community.

See the 1st Q 2020 market snapshot of the local housing inventory HERE. If you were thinking of selling your home this year but wanted to wait until the immediate threats of Coronavirus are over, the new COMING SOON status would be a perfect fit for you. Read more HERE to find out how COMING SOON can get your home “on the market” safely.

We are here to help you, your relatives, co-workers, employees, and neighbors. Please consider Front Porch Realty YOUR LOCAL real estate professionals! Please LIKE US on Facebook and Instagram if you haven’t already, and please Send us a message, or give us a call today and let us help you get moving too!

Thursday, May 7, 2020

We thought we would take a few minutes to explain the due diligence process and why a buyer in North Carolina has to write two checks when they make an offer on a property. If you would rather “watch” this explanation than read it, just skip down to the videos below.

Once you and your agent find the property that you are ready to write an offer on your agent is going to ask you to write TWO checks; one to the seller and one to the closing attorney or escrow agent. The first is a due diligence (DD) check and is typically 1/2 % – 1 % of the sales price. This check is written straight to the SELLER and it is exactly what it sounds like; funds to the seller so that you can complete your “due diligence”. During this due diligence period we will help you arrange any inspections you want to have done; including but not limited to a home inspection, a radon inspection, well and septic inspections, lender appraisals, surveys, etc. Per the contract, you are able to terminate your Offer To Purchase ANY time during your due diligence period for ANY reason. Contracts are no longer contingent on home inspections, your loan, or even another house closing. If you as a buyer choose to exercise your right to terminate you dont even have to give a reason, it may even be because you found another house you like better. However, your due diligence funds will not be returned as they were given to the seller at the time of contract to “buy time off of the market”. The seller has lost valuable time off of the market while you were doing your due diligence for their home. However, if you do indeed go to closing on the home, this DD amount is a credit to you at closing.

The second check you will need to write, either at the time of your offer, or if negotiated may be at the end of your due diligence date, is an earnest money deposit (EMD). The EMD says to a seller that you are “earnest” about purchasing their property. This EMD is also typically 1/2 % – 1 % of the sales price, but can be negotiated just like the DD amount. The EMD check is not written to the seller but to the listing company’s trust account, or more commonly to the trust account of the closing attorney that is spelled out on the purchase contract. It is held in escrow until the property either goes to closing or the contract is terminated. If the buyer chooses to terminate the contract in their DD period, per the contract the EMD will go back to the buyer. However, if the buyer ends up terminating the contract AFTER their DD period is over, per the contract, the seller will receive the EMD. This is considered damages to the seller for the buyer breaching the contract, however it does not negate the possibility for any other legal remedy the seller may take for such breach. We like to call the DD date of the contract the “pack up” date for the seller, as they can be assured the buyer has completed their due diligence process and is heading to closing. In addition, just like the DD funds, this EMD is a credit to you at the closing table.

We hope this helps explain why Buyers have to write these checks when they are ready to make an offer on a home. We know this can be a scary and stressful time however Front Porch agents are poised to help you make your home purchase exciting and fun and will help minimize your stress. Having a Front Porch Realty Buyer’s Agent is always absolutely FREE, learn more about Agency relationships in North Carolina HERE.

Contact us today to get started with your home search!

Friday, April 3, 2020

Now more than ever the Triangle Multiple Listing Status of COMING SOON is going to be very helpful for sellers and buyers.

Our local TMLS just released new “rules” for real estate professionals regarding the Coming Soon status for the homes coming on to the active market, and not a minute too late! In no relation to the current Covid-19 crisis, MLS was set to release this new ruling on April 1st. The “old” rule dictated that “Days on Market” would begin to accumulate as soon as a home was entered into MLS, whether it was in “Active” status (available for agents to show their clients) or “Coming Soon” status (not available for showings yet). Anyone that’s been active in the real estate market lately knows this is not good. The homes in Coming Soon status would accumulate Days on Market (DOM), however they were not being able to be shown; when the home status was switched to “Active” it had already accumulated DOM which gave it a “stigma” to a potential buyer of “There must be something wrong with that house, it’s been on the market a week already and hasn’t sold, let’s PASS on seeing this one and move on to the next home”. This predicament was causing homes to be sold without going into TMLS, in other words “pocket listings”. This tactic may have made some buyers, sellers, and real estate professionals happy but this was also causing some sellers to not receive their “highest and best” offer terms, as well as keeping homes “off the market” causing buyers to not have a chance to make an offer.

If you are thinking of putting your home on the market after our immediate threats of Covid-19 are over, let us know! We can get you “on the market” in “COMING SOON” status in MLS complete with a sign in your yard without ever coming in contact with you or any family member! Front Porch Realty agents do this FULL TIME, let us handle these delicate situations for you. We are highly professional and experienced and can make your home selling, or buying, transaction go smoothly even in these unprecedented times. Real estate is deemed an essential service and we have put 3 families in their dream homes just this past week!

Contact us today for details and Stay Safe, hopefully this will all be over soon.

Thursday, February 27, 2020

Hot on the market this one will surely not be around long!
This adorable home has large rooms, lots of hardwoods, and is open and bright. The kitchen is beautiful with loads of cabinetry and a large center island.

Austin Farms subdivision does not have an HOA and is located just a few minutes outside the town of Fuquay-Varina.

Offered at $255,000, CONTACT US today for your own private tour.

Thursday, February 27, 2020

This 3 bedroom/ 2 bath home was just listed in a convenient Triangle location! Stunning laminate floors in this open, transitional ranch plan. The large living area is open to the kitchen /dining area complete with granite, stainless steel appliances, and custom soft-close cabinets.

Enjoy your rocking chair front porch as well as a screened in porch in the back overlooking your private fenced in yard!

All of this situated on a 1/3 acre cul-de-sac lot and very convenient to the US 70 bypass. Offered at an exceptional price of $227,000.

Contact us today for your private showing. Here is the listing agent, Donya Clark, to give you a sneak peak!

Filed under: Community | Uncategorized
Thursday, February 27, 2020

This 3 bedrooom, 2 bath home sits just outside the city of Fuquay-Varina on a beautiful .67 acre lot in the subdivision of Neil’s Crossing .

Pine floors and plantation shutters add to its charm. There is even a gorgeous sunroom for relaxing and entertaining.

With a 1st floor Master Bedroom and 2 niced-sized bedrooms on the 2nd floor this home is offered at an exceptional price of $235,000, it is priced to sell!

Contact us today for your private showing.

Monday, January 20, 2020

Welcome Home to this brick-front beauty! This custom transitional home boasts a bright, open floor plan, gleaming hardwoods throughout the first floor and an extensive trim package throughout.

The kitchen has loads of beautiful custom cabinets, granite, stainless steel appliances, breakfast bar and sunny breakfast room.

The Master Suite is located on the first floor with a large tiled Master bath complete with whirlpool tub, separate oversized shower and a large walk-in-closet.
The 2nd floor has 2 nice-sized bedrooms and a Bonus Room that could also be used as a 4th bedroom. There is also a home office on the 2nd floor as well as walk-in attic storage.

Right off of the kitchen is a screened porch for enjoying your landscaped fenced yard.

Located on 1/3 of an acre in an established downtown Angier neighborhood right off of highway 210 makes this an ideal location for a commute to Raleigh as well as Buies Creek and Fayetteville.

View more detailed information and additional photos HERE. This beautiful home is exceptionally priced to sell at $304,000.

Contact us today for your private showing.

« Older Posts | Newer Posts »