Discussing All Things Real Estate that matter to you the consumer.
Are We in a Real Estate Recession?
That’s the big question many people are asking…Are we in a housing recession? The reality is it depends on who you ask. Some will say, “yes, we are.” Others will say, “we are not even close”, and still others will say, “it’s knocking at our door”. Who do you believe? And what are the signs?
In this episode of Real Estate Right Now, real estate veteran Steve Kruger, Listing and Buyer Expert from Linda Craft Team Realtors and holds an economics degree from University of Tennessee joins us to give us his professional perspective on what are the signs of a recession, what one looks like, are we in one, and if not how to know if you are in one. Email Steve at email@example.com
Then first time guest Christopher Coy, Vice President of lending with Towne Bank mortgage, who holds a degree in finance from North Carolina State University gives us insights from his education and 23 years in the mortgage business as to what a recession looks like from the mortgage industry. You can contact Chris at 919-306-8895 or email him at firstname.lastname@example.org
Market Update – Recasting Refinancing and Reverse Mortgages
Since the beginning of the year the real estate market has changed, but what is the market really doing? What does it mean for you as a buyer and seller? Does the rise in interest rates really have an effect on home purchases? Will there be a house bubble? In this episode of Real Estate Right Now Tony Fink, Listing and Buyers Professional with Linda Craft Team, Realtors will help us untangle the data give us some ideas of how to approach the market from a buyer, seller, and investor perspective.
Then Michael Martin producing branch manger for Fairway Mortage helps us understand the market from his perspective. He will talk through a few mortgage terms you may not be acquainted with recasting, financing and reverse mortgage. He will also teach you a bit about how the fed rates and your home interest rate do not always coincide with each other and how it works.
Linda Craft & Team, Realtors no matter where you live in the world, Linda Craft and her team can help you find the best professional in your area to help you sell or buy your next home. While most real estate professionals belong to a nationally affiliated company where they are obligated to use the people in their company’s network. Linda Craft and her team are privately owned and operated. That means they can find the absolute best professional from ANY company to ensure you get the best service. Located in the Raleigh Research Triangle Park of North Carolina…they are indeed legendary when it comes to service. Learn more by going to Linda Craft & Team, Realtors www.LindaCraft.com
How to Avoid the Pitfalls from Contract to Close
The whole buying and selling or real estate can feel confusing, stressful, and overwhelming. Who designed the real estate contract? What does it really mean? Who is responsible for what? What should you know? How can an experienced real estate professional help you? Owner and President of Linda Craft Team, Realtors, Linda Craft herself joins us again to discuss the details of the contract process and what you should know.
Okay so now you have a contract what happens at closing? Well many states can be different when it comes closing of homes. But in the state of North Carolina the Buyer has a “closing attorney” that must handle many issues so that the tranfer of the title of the house can go to the buyer. How does that work? What does it take to make that happen? North Carolina Real Estate Attorney Beth Bowen of the Bowen Law Firm, helps us understand what all must happen before a home can transfer from seller to buyer.
Negotiating and Fixing Items on the Home Inspection Report
If there is a stress that both the buyer and seller feel when it comes to selling a home it is the dreaded inspection report. It may be the most common factor for a negotiated housing deal to fall apart. Sometimes the seller doesn’t want to do the repairs requested. And other times the buyer feels like there is too many things on the inspection report and they begin to have second thoughts about purchasing the home.
What do you do? Well in this episode of Real Estate Right Now, closing manager Nogui Aramburo talks us through the inspection report and how he negotiates the report and keeps both the seller and buyer engaged. Nogui is always open to answering questions you can reach him at email@example.com or dialing 919-235-0007
Then Ben Perrou owner of Restoration Consulting Services takes his 25 years of experience to walk you through the repair process and relieve the tension and put you at ease that some things are not as critical as others, and to help you be on the look out which are the most important. You can contact Ben at sealedcrawlspaces.net or rcsmold.com
How to Flip Houses in Todays Real Estate Market
Let’s be honest HGTV has given most all of us the idea that we can “fix and flip” a home. There are multiple programs designed to teach you how to do it. The problem, it’s really never as easy as it looks on TV and the costs may be more than you can truly handle.
In this episode of Real Estate Right Now Steve Kruger, with Linda Craft Team Realtors talks about the current changes in the real estate market and how that has affected home prices, and first time buyers.
Then he goes on to discuss how this market is becoming more conducive to house flipping. And talks about the details of house flipping. Like when should you house flip. What are the numbers you should consider before flipping a house. The programs you hear about getting into house flipping, do they really work? The people on Home & Garden TV (HGTV) are those real? It’s like getting a free courese in flipping houses, right here on Real Estate Right Now! You can contact Steve if you have questions on flipping houses:
Direct: (919) 740-9795
How a Home is Priced for Sale and the Appraisal Process
You are getting ready to put your house up for sale. Perhaps you have some thoughts about how much your house is worth. Maybe you have gone online and checked some of those housing websites that have an “automatic home evaluations” that gives you a price. But then you hire a real estate professional and the price is not only not the same, it’s not even close. What gives?
In this episode of Real Estate Right Now Tony Fink listing and buyers specialist with Linda Craft Team, Realtors takes us through the process on how a real estate professional prices a home, the process of measuring your house, why you cannot rely on information from tax records, where they get their comparable properties, how upgrades can affect price, and why pricing your house correctly is critically important. You can contact Tony to list your house by going to firstname.lastname@example.org
Wait, but what about the appraisal? How is an appraisal different than home sales price and quite often it is. Tim McNamara owner of McNamara & Company Residential Appraisers helps us understand the relationship that an appraiser has with the lender, how the appraisal process truly works and how he arrives at a price. If you have more questions about the appraisal process you can contact Tim at email@example.com
Who knew that so much went in to pricing and evaluationg a home. And when you see how the professionals go about doing it, you quickly realize that an internet evaluation is typically inaccurate.
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