Thoughts on recent NAR lawsuit from a seasoned local Broker-in-Charge

I am Laura Evans, the owner and Broker-in-Charge of Fuquay-Varina’s Independent real estate firm; Front Porch Realty. I have been selling our local real estate since 1996 and have gained insight over the years, seen the ups and downs, and so much more! Here are my thoughts on the recent National Assocition of Realtors® lawsuit and settlement…I have said it will be “Business As Usual” for Front Porch Realty and I am still declaring this, here is why –

Here at Front Porch Realty, we have always been professionals when helping our seller and buyer clients. At first contact we review the North Carolina Real Estate Commission’s WORKING WITH REAL ESTATE AGENT DISCLOSURE and enter into an Agency Agreement with them. That way ethically, and legally, we can represent our client(s).

Traditionally, the sellers in North Carolina have paid their agent’s commission and their agent shares part of that commission with the agent that brings the buyer. This is one of the major changes dictated by the lawsuit. This compensation agreement has always been spelled out in our Agency agreements with great explanation to our seller clients, however “buyer’s agent” commission has also always been displayed on our local MLS for buyer’s agents to see. With the recent lawsuit settlement changes, local MLS platforms will no longer be able to display any commission or fee a seller, or seller’s agency, is willing to pay to a buyer’s agent. With this now in place, some agencies will need to either get their commission paid by their buyer client OR request the seller pay their commission when writing an offer to purchase.

At first glance, this may be a more “fair” way for agents to get paid for their services (the actual buyer they are representing pays them) however, forthcoming I see lots of unfortunate possibilities for buyers, as well as home sellers.

What if the Buyer does not have the funds to pay for their representation?

They won’t be able to get proper legal representation for one of the biggest money transactions of their life?

What if a seller offers to pay a Buyer’s Agent for one offer and not another?

I see big Fair Housing red flags.

What if a neighboring home is offering a large Buyer’s Agent compensation and you are not offering any compensation to Buyer’s Agents? ( Buyer’s agent compensation will be allowed to be displayed in all marketing of homes)

Is your home going to get “passed over” by buyers that can’t afford to pay for their representation?

To me, this ruling is an unfortunate step backwards in the world of buying and selling homes. Commissions have ALWAYS been negotiable, and will continue to be. Front Porch Realty agents hold themselves to the business ethics standard proclaimed by the National Association of Realtors® and we will continue to do so. The second big rule change stemming from the NAR lawsuit is that Buyer Agents MUST enter into a written Buyer Agency Agreement with their buyer CLIENT prior to showing them a home. This is another “Business As Usual” practice for Front Porch Realty. We KNOW there are lots of agents out there that will show prospective buyers homes at the drop of a hat, whether qualified or not, this has never been our practice at Front Porch Realty. As a seller, do you really want a non-qualified buyer touring your home? We have practiced teaching and educating our buyers on what to do when entering the housing market to position themselves into the best possible scenario to buy a home. The key term here is CLIENT. Of course buyers will still be able to find an agent that will jump for them anytime, day or night, to show them a home in hopes they can “make the sale”. Rest assured, Front Porch Realty agents put a lot of time, effort, and professionalism into helping our buyer client’s find a home and get them through offer to close. Let us know how we can help you in your next real estate adventure! -Laura Evans Click HERE to get in contact with Front Porch Realty TODAY!

Sun-Kissed Savings or Buyer Beware? Unveiling the Pros and Cons of Solar Panels in Fuquay-Varina, NC

Living in Fuquay-Varina we are blessed with abundant sunshine, making solar panels an enticing option for many homeowners. But before you jump on the solar bandwagon, it’s important to weigh the benefits and risks.

Shining Benefits:

Environmental benefits: Solar energy is a clean and renewable resource, reducing your carbon output and contributing to a greener future.
Financial Freedom: Over time, generating your own electricity can significantly reduce your dependence on the grid, potentially leading to substantial savings.
Government Incentives: The federal solar tax credit currently stands at 30%, significantly reducing the upfront cost of installation. North Carolina also offers various incentives like property tax exemptions and rebates. To learn more about these incentives, CLICK HERE!
Boost Your Home’s Value: Studies suggest homes with solar panels can sell faster and for a higher price.
Low Maintenance: Modern solar panels require minimal upkeep, just occasional cleaning to maintain efficiency.

Shadows to Consider:

Upfront Investment: The initial cost of purchasing and installing a solar panel system can be significant.
Sun’s Schedule: Solar panels rely on sunshine, so they’re less effective on cloudy days and don’t generate power at night. Battery storage systems can help mitigate this, but add extra expense.
Not a Perfect Fit: Not all roofs are suitable for solar panels. Factors like size, angle, and shading from trees can impact efficiency.
Location, Location, Location: Places with consistent sunshine see greater benefits from solar panels.
Moving On Up? The benefits of solar panels might not transfer fully to the next homeowner, potentially affecting your return on investment if you plan to move soon.

The Verdict: Sunny with a Few Clouds

If you’re intrigued by the possibility of solar power, Fuquay-Varina offers excellent sunshine and several reputable solar installers. Research different systems, consult with a local solar professional, and obtain multiple quotes to determine your best course of action. Remember, a well-informed decision paves the way for a brighter future, both financially and environmentally!

The Power of Local: Why Selling Your Home with a Local Real Estate Agent Matters

In the bustling world of real estate, the decision to sell your home is a significant one. It’s not just about listing a property; it’s about navigating a complex transaction that holds loads of emotional and financial weight. In such pivotal moments, the expertise and dedication of a local real estate agent can make all the difference. At Independently Owned and Operated Front Porch Realty, we understand the unique charm and enticement of the Fuquay-Varina community. Our roots run deep here, and our commitment to serving our neighbors is unwavering. Here’s why choosing a local real estate agent like us is paramount:

Community Knowledge. Selling a home isn’t just about the property itself; it’s about understanding the neighborhood, schools, amenities, and local market trends. Our agents live and breathe Fuquay-Varina, giving them an intimate understanding of what makes each area unique. From the bustling downtown scene to the tranquil suburban streets, we know the ins and outs of our community and we cannot wait to show you around!

Personalized Service. When you choose Front Porch Realty, you’re not just another transaction; you’re family. We prioritize personalized service, taking the time to understand your unique needs and goals. Whether you’re a first-time seller or a seasoned investor, we tailor our approach to ensure a seamless experience from start to finish.

Top-Tier Marketing. Selling a home requires more than just sticking a “For Sale” sign in the yard. Our marketing strategies are second to none, leveraging the latest social media trends and techniques to showcase your property in its best light. From professional photography to targeted online campaigns, we leave no stone unturned in maximizing your home’s exposure.

Passion and Commitment. At Front Porch Realty, real estate isn’t just a job; it’s our passion. We genuinely care about the people we serve and the communities we represent. Every member of our team is dedicated to going above and beyond to ensure your satisfaction, at the end of the day your success is our success.

Full-Service Experience. Selling your home involves plenty of moving parts, from negotiations to paperwork to closing. With Front Porch Realty, you can rest assured that we’ll be with you every step of the way. Our comprehensive approach covers all aspects of the transaction, allowing you to relax and enjoy a stress-free selling process.

When it comes to selling your home in Fuquay-Varina, don’t settle for anything less than the best. Don’t trust your most valuable asset to just anyone—trust the local experts who know, care, and are truly invested in your success.

READY TO SELL WITH FRONT PORCH REALTY?

919.577.0175

fprealtync@gmail.com

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Fuquay-Varina End of Year Market Update : 2023

Here is a quick look of our Southern Wake and Harnett counties 2023 Year-end Market Update!

2023 brought us a much slower-paced market with months of inventory just beginning to look slightly balanced. Buyers were priced out of the market with the rising interest rates, and sales prices holding steady. Rents are high, but house payments are even higher. Our end of the Triangle in Southwest Wake and into Harnett County is continuing to experience business and retail growth which will continue to bring buyers to our area. Supply of resale homes will continue to be low as those resale owners that have refinanced in recent years are choosing not to go anywhere.

Front Porch Realty has opened our Property Management division, Front Porch Rentals, for residential and multi-family units. Front Porch Rentals is thriving, please keep us in mind for yourself or those investors you know!

In summary, we saw a decrease in units SOLD across the board except New Construction in Harnett County. Price / square foot increased slightly from 2022 and we saw Average Sales price decrease for New Construction and increase for Re-sale homes.

Let Front Porch Realty be your “go to” for all of your LOCAL real estate needs, rest assured you will be extremely satisfied with our level of professionalism and expertise.

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Laura (Moody) Evans: A Pillar in Fuquay-Varina Real Estate

For nearly three decades, Laura Evans has been a steadfast presence in the real estate landscape of Fuquay-Varina and the surrounding Triangle area of North Carolina. With unwavering dedication and a passion for her community, Laura has not only facilitated countless successful real estate transactions but has also left an indelible mark on the lives of her clients and the neighborhoods she serves.

Laura would like to announce her most recent accolade as one of the Triangle Real Producers TOP 500 Agents of the Triangle for 2023. This recognition among her peers speaks volumes about her dedication and expertise in a highly competitive market, where she stands out among approximately 15,000 licensees.

Over her career, Laura has built a reputation for excellence, earning her a loyal clientele base that includes many repeat clients and referrals. Her success can be attributed to her unwavering commitment to exceptional professional communication and negotiation skills, ensuring that her clients’ needs are met with precision and care. Laura extends her heartfelt gratitude to each individual who has placed their confidence in her expertise, whether it be through their initial home purchase, subsequent sales, or the invaluable referrals they’ve provided.

Laura Moody Evans isn’t just a real estate agent; she is a prominent figure in bridging the gap between schools and businesses of Fuquay-Varina, fostering a collaborative environment that benefits both sectors. Moreover, her commitment to social responsibility shines through Front Porch Realty’s Give Back program. This initiative, which collects household goods from their sellers preparing their homes for sale, and passing them on to those in need, demonstrates Laura’s compassion and dedication to her community.

Her dedication to both her clients and her town is a testament to her unwavering commitment to making a positive impact, one transaction at a time. Contact Front Porch Realty today for any real estate needs you may be looking for!

Purfoy Place – INCENTIVE ENDS JANUARY!

Quaint, one-street neighborhood Purfoy Place has only a few lots left to build on! Currently there are 4 active homes, CLICK HERE to see what’s available!

ACT FAST Only a few days left in January and that means only a few days left of our AWESOME incentive – $20,000 USE AS YOU CHOOSE! SERIOUSLY, anything you choose, buy-down rate, closing costs, a fence, a kitchen appliance package…the possibilities are endless!

Contact your ONLY Independently-Owned Real Estate Experts at Front Porch Realty to learn more about this awesome incentive, what’s available in Purfoy Place, and what is to come!

919.577.0175

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2023 Parade of Homes

The Emerald by Gemstone Homes : 2023 Parade of Homes Entry

484 Lambert Ln, Fuquay-Varina, NC, 27526 Start your FREE tour this weekend in Fuquay-Varina’s custom build neighborhood, Purfoy Place. This home is all decked out in extras! A wide-open 4/5 Bedroom + 4 full Bath home is a show-stopper. Custom upgrades include beautiful engineered hardwood floors, quartz countertops, luxury tile, and whirlpool stainless steel appliances + gas stovetop in your kitchen! How GORGEOUS are those stained beams in the open living room? All bedrooms feature nice-sized walk-in closets! Enjoy a massive screened in porch with double sliding entry doors to enjoy your backyard! Loads of custom extras in this custom build by Gemstone Homes! Come out and view this Parade of Homes entry plus other homes available in Purfoy Place during the 2023 Parade of Homes!

2023 Parade of Homes dates: Sept. 30th – Oct. 1st, 12pm-5pm Oct. 6th – 8th: 12pm-5pm Oct. 13th – 15th: 12pm-5pm

Looking for a home? Be sure to contact your LOCAL Fuquay-Varina Real Estate Agents at Front Porch Realty TODAY!! Sign up for our newsletter to stay up to date on all things local and Real Estate!

Welcome Home! 605 Lombardy Rd

This cape-cod style home is located in the perfect Fuquay-Varina location. Sitting on a park-like lot with plenty of seclusion and beautiful views, don’t miss this opportunity!

605 Lombardy Rd, Fuquay-Varina, NC, 27526

$399,500

WHAT FIRST ATTRACTED YOU TO YOUR HOME?

“The scenic view and privacy around the charming cape-cod home. Not far at all from all the amenities our beautiful town of Fuquay-Varina has to offer.”

ANY MEMORIES IN YOUR HOME THAT YOU WOULD LIKE TO SHARE WITH YOUR BUYER?

“The outbuilding that is OVER 100 years old! Pretty neat historically speaking.”

WHAT WOULD YOU CONSIDER YOUR HOMES BEST SELLING POINT?

“The huge, wide-open front porch which is perfect for enjoying morning coffee or late afternoon sunsets! Back deck is huge as well, perfect for entertaining!”

ANYTHING YOU LIKE ABOUT LOCATION / NEIGHBORHOOD YOU WOULD LIKE TO SHARE?

“NO HOA!”

To learn more about this charming opportunity, click HERE! Looking to list your home with Fuquay-Varina’s Real Estate Experts? Contact Front Porch Realty TODAY to see what we can do for you!

2nd Quarter Market Update 2023

We are still seeing low inventories across our market; however, we are beginning to see a more balanced market, and even a slight buyer’s market at higher price points and with some new construction. Keep in mind, often new construction is listed at time of permit, so our “Active” numbers are a little skewed as “active” does not necessarily mean “available” for quite some time. Price/square foot has decreased over the last year due to an increase in new construction inventory; re-sale homes are still highly competitive as they are usually on larger lots and ready for immediate move-in.

I believe our local housing market is going to continue to be robust despite rising rates. We still have such a surplus of people moving into the entire Triangle area. Buyers right now are coming from all over the country in addition we always have local renters, empty nesters, and growing families staying locally in Fuquay-Varina. Please consider Front Porch Realty YOUR LOCAL go to real estate company and follow all of our social media!

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New Construction Homes in Fuquay-Varina

New Fuquay-Varina subdivision, Purfoy Place has only a few opportunities left. Hurry and you can still make your own custom selections!

Enjoy a quaint, one-street neighborhood with .5 acre lots(!!!) nestled on the Harnett Co side, just a short 7 minute drive to all the Downtown Fuquay-Varina amenities. Local builders Kara Homes, Glover Design Build, TBP Homes and Gemstone Homes have built some beautiful CUSTOM homes with a few more to go! Two homes currently are READY for immediate closing with 4 more currently available! Head on over to our website to get more information!

$10,000 USE AS YOU CHOOSE!! ACT FAST!

Check out the newest neighborhood DRONE footage by Mary Pickard Photography to see how far Purfoy Place has come! Check out all available NEW CONSTRUCTION homes in Fuquay-Varina HERE and CONTACT US to get started with your home search with a trusted LOCAL real estate agent!