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Wednesday, April 20, 2022
Front Porch Realty and First Federal Mortgage have been business partners for years! We LOVE working with our LOCAL lenders! First Federal Mortgage just announced two UNBELIEVABLE mortgage perks and programs FOR OUR FRONT PORCH REALTY buyers! YES, you are reading that right...30-Year Fixed 4.25% rate for conforming or jumbo-sized loans. This is a LIMITED TIME offer! This special rate is only being offered through July 15, 2022 or until portfolio funds run out. Considering rates are upward's of 5% and rising, this is HUGE! * NO extra fees for rate buy-down. THANK YOU First Federal! First Federal's 2nd perk for FRONT PORCH REALTY's BUYER CLIENTS is perfect for our buyers interested in new construction and of course PURFOY PLACE, our newest custom built subdivision NOW BEING OFFERED. 4.75% 30 year fixed rated interest rate locked in for up to 9 months ! *1% lock-in fee credited to buyer at closing. THANK YOU Again First Federal! This will allow our buyer's to proceed with their New Construction home offer without the added stress of rising interest rates! To learn more about this fantastic offer, contact Front Porch Realty today and let us help you lock-in your mortgage rate !
Thursday, September 2, 2021
Let's take a peek inside the local housing market in Fuquay-Varina, Raleigh, and all surrounding areas in the Triangle. You may notice housing inventory is at an all time low right now. Front Porch Realty has seen both sides of the market including the good and the bad and the ugly. With the housing market as crazy as it is lately, we find ourselves writing fantastic offers to buyers that do not make the winning bid along and on top of that some of our listings are selling without the buyer having one showing! With advertisements for so many services popping up every other website I am sure you have come across the "online, easy way to sell your home" ads, maybe even before you came to this blog post. Sure, it may sound amazing to not have to prep your home to be sold and you may be surprised with how much equity you may have. The one thing we can assure you of - listing your home with a local real estate agent and letting your home go on the open market will net even more equity than online. There are quite a few catches to these online real estate companies you may not even be aware of including charging upwards of 10% commission on top all kinds of hidden fees. Think of it like this, they are making their money on the front end then will go turn around and immediately sell your house for more. Please talk to your local Real Estate Agent, you will be surprised to find there is not much prep to be done to sell your home! Heck, most homes are selling "as is" without the buyer even seeing the home in person! Your local real estate professional will have a much better insight on your local market versus an online company that most likely is out of state and has zero clue of the local housing market in your area. At the end of the day, there will be hidden fees, service charges, inspections fees, that could cost you from 6%-13%...NO THANKS! If you're thinking of selling, now is a fantastic time! FRONT PORCH REALTY Owner and Broker-in-charge, Laura Moody, recently had a chat with one of our FRONT PORCH REALTY agents, Melissa Zappia. See what they had to say HERE! Contact us for more about the real estate market or sign-up for our MONTHLY NEWSLETTER where you'll stay up to date on community events, new listings and what's happening in the real estate world - click HERE.
Friday, July 30, 2021
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.
Tuesday, July 27, 2021
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.
Wednesday, June 9, 2021
It’s certainly no secret how CRAZY the housing market is across the nation and our little neck of the woods is certainly no different!  Our current housing inventory is super low so we thought we would share a few thoughts and tips for getting a seller to say YES to YOUR offer! The “norm” has always been to include a pre-qualification letter with your offer, but now we need a pre-APPROVAL letter.  This basically means all of your numbers have been verified through actual documents that you have provided to your lender and your file has been through preliminary underwriting. If you have cash, which is getting much more common in this market, we will need “proof of funds” from your lender.  Speaking of your lender, it is much more preferable to use a LOCAL one.  Our local lenders know our market and the norms for lending on the homes in our market, they will also be ordering appraisals from local appraisers which certainly can make a difference for an opinion of value. Your offer needs to be super “clean”, and by that we mean; do not ask the seller for ANYTHING…not to pay for any of your closing costs, not to buy you a home warranty, and especially not to do anything out of the ordinary like cutting down the big tree next to the driveway.  Offer a quick closing and offer for the sellers to rent back from you, preferably for free, or whatever will make it more convenient for them. You would think the seller will most likely want to accept an offer that nets them the most money, however this is not always the case.  Having a professional, experienced, buyer’s agent is super important in this market.  Your agent will guide you through the terms for your offer to help make it the most favorable. They will also be able to professionally communicate to the seller’s agent your personal situation and how “easy” of a transaction they vow their buyer will be. Finally, and this is a big one, be prepared to put down a sizable due diligence deposit with your offer. This is non-refundable, albeit a credit at closing, funds straight to the seller while you are getting your due diligence done. Essentially you are “buying time off the market”, so if you are serious about wanting to purchase their home it better be worth it to the seller. This number is ALMOST as important as the sales price because it is going to tell the seller how serious you are and whether you are likely to terminate your offer prior to closing.  It is not unusual to see $10,000-$25,000 of due diligence being put down with an offer these days. With all this being said, are you thinking of selling your home?  Now is the time to do it!  Be sure you have an experienced, professional, agent to help you out so you don’t leave any of your equity on the table!   I promise you, the right agent on your side will net you the most from your sale with the least amount of headaches! We have numerous Real Estate Professionals here at Front Porch Realty who are happy to talk you through the process! They can get you started on that home search once you’re ready to go! You can call now at 919-577-0175 to speak with the agent on duty TODAY! Hope you all have a happy Summer!  
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