To FSBO or not to FSBO, that is the question…

To FSBO or not to FSBO, that is the question… It’s no secret that the Triangle Area Real Estate Market is busy. Why not just be a For Sale by owner and save a little cash?

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We can totally understand why a NC Homeowner might be enticed to sell their real property “on their own” in this busy Real Estate market.  You have worked hard to build up the equity in your home…why give it all to an agent?
From Larissa, a recent FRONT PORCH REALTY Seller Client ” …Selling you home is always stressful but working with a professional real estate professional ensures that the process goes as smoothly as possible and that your best interests are kept in mind while your home is being marketed and sold so that you can get the highest return on your investment…”
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  • NC has disclosure laws that EVERY homeowner must follow, whether they are using a real estate agent or not.
  • NC purchase contracts now have a due diligence clause to help the seller with their real estate sale, a professional knows how to negotiate all of the facets of the purchase contracts and their addenda to get you through a smooth transaction.
  • A perspective buyer entering your home will most likely be represented by their own personal Buyer’s Agent and YOU are paying for that representation whether you have hired an agent or not!
Did you know it is illegal for anyone in the state of NC to pay a “referral fee” to a non-licensed person?  Yep, it is actually a felony. It’s better to avoid this and stay out of trouble! We sell real estate FULL TIME and we have a professional state license to do so. We are experts in this Market and we want to work for you. So…why not leave it to us?

6th Annual Fuquay-Varina Commercial Bus Tour

commercial-bus-tour-nov-2016-3What an awesome event the Fuquay-Varina Chamber of Commerce sponsors every year! About 30 real estate brokers, developers, builders, investors and town officials boarded a bus on November 15th from the Fuquay-Varina Community Center to venture out into our quaint, booming, and sprawling suburb of Fuquay-Varina. We saw existing buildings and raw land for sale.  We also heard about exciting new projects under way, re-habbing existing historical buildings as well as large new construction projects!  All exciting news for our little neck of the woods.  Click this link to see all the plans.  We even got to tour our new state-of-the art Public Works Facility and enjoy lunch provided by Wake Tech’s Culinary Arts restaurant Flavors. commercial-bus-tour-nov-2016-1 What a joy it was to see all of the interest from local and  Raleigh-Durham professionals in what Fuquay-Varina, NC has to offer! commercial-bus-tour-no-2016-2 Celebrating 20 years of helping the people of Fuquay-Varina and the surrounding area!  Please share our name with your co-workers, employees, relatives and neighbors and please think of Front Porch Realty as YOUR LOCAL real estate professionals! Laura Moody Broker/Owner Front Porch Realty      

2014 3rd Quarter, Great Market Gain!

Once again I have taken an in depth look at our Southwestern Wake county real estate market.  2014 3rd Q is showing some great numbers in the housing market!  Average sales prices across our area are showing a healthy economic gain of 2-3 % increase over last year.  Days on Market are averaging about 50 days in our part of Wake County, which is lower than the average 66 Days on Market for the rest of Wake County. 3rd Q 2014 Home Sales by City Look for our next Market Update to include more detailed statistics of our market; for example new construction will be included as well as actual subdivision data. We also have some exciting news to share about Front Porch Realty! It is still a FANTASTIC time to make a move; interest rates this week are showing rates that were last seen in June of 2013.  We are helping buyers moving across country as well as those moving across town. With 18 years of experience selling our Triangle market, excellent communication skills and a sales support team that is unmatched, we can guide you in a smooth successful transaction from contract to close. Market Update 3Q 2014 If you would rather receive this report by email please let me know. In addition, if we can be of any assistance to you or your clients, rest assured they will be extremely satisfied with our level of professionalism and expertise. Welcome Home, Laura

What is a Short-Sale?

With all the talk about foreclosures and short-sales, I thought it might be helpful to try and explain exactly what a “short-sale” is and how it may benefit a buyer and a seller. A “short-sale” is just what it sounds like…the sale is shorted. When a home sells for less than an owner owes on their mortgage note(s), and the seller cannot come up with the difference to pay all that is owed, the mortgagor may accept a short payment. The lenders are much more open to this idea than they used to be because of the down economy and increased number of homeowners falling into default on their mortgage payments. The bank does not want to foreclose on your home! It costs them lots of money to take possession of your home and put it back on the market to sell. If you are a homeowner needing to sell your house because of job relocation and/or a financial hardship, a short-sale may be an option for you. We need to decide on a market expected sales price and then see if all your expenses and payoffs can be covered. If not, contacting your mortgage company(s) is the first step. We can help you through the short-sale process as we have done many of these alternative type of transactions in the last couple of years. For a Buyer looking at a “short-sale” home to purchase, patience is the key. Sometimes the banks can take a long time (30-90 days) to give an answer on a sales contract as to whether or not they will accept the “short”. The listing agents have to prove market time of the property, and prove that they have achieved the ‘highest and best’ offer for the bank. Once a bank approves a short-sale offer things can move very quickly to closing which will result in most likely ‘a below market price’ for the buyer and an avoidance of a foreclosure for the seller. Welcome Home, laura