Triangle Home Buying Series: The 6 Phases of Buyer’s Remorse

Homeownership is the American Dream!  Yet every home buyer will experience “buyer’s remorse” several times on their way to realizing that dream. We are starting a blog series that will help Triangle area home buyers understand what’s happening to them and how to move through Buyer’s Remorse.

What is Buyer’s Remorse?

Buyer’s remorse is fear that you have gotten yourself into, something you can’t get out of and a deep feeling of regret. When in this emotional state people will either flight or fight.  Buyer’s Remorse is a natural human response to all major decisions.   There is no other purchase where Buyer’s Remorse is stronger and longer than in a home purchase.  For example when you buy a car you sign the paperwork, write a check, get the keys and drive away in the same day.  With a house, you sign a contract and after 40 critical time sensitive steps are taken over a period of 30 days to 60 days, you write a check and get the keys.  Home ownership is a decision that represents a major shift in a person’s life as well as their families.  It’s one of the biggest financial decisions anyone will make and it is normal for homebuyers to have emotional confusion during the process.

We have found that home buyers who experience the least amount of Buyer’s Remorse and have the most joy and excitement on their journey to homeownership understand the need to fight negative emotions. They control their “what if thinking” and they turn their focus forward on the benefits of homeownership, enjoyment with friends and family and envision themselves in the future decorating and loving their home.

TIPS:

When you feel overwhelmed with remorse, talk about it

Remember the reason why you wanted a home

Stop tormenting yourself by looking at other houses in the Raleigh area

Stay away from negative people

BONUS TIP: Your friends and family mean well but, it’s not unusual for them to question your choice and what you paid for it. Most of these well-meaning people have not been in the market for years and have not gone through the comparison exercise you just completed.  And, let’s face it parents never think anything is good enough for their children.  Don’t be shocked if the people closest to you are not as excited about your new home as you are.  That’s normal too.

Six Most Common Times to Expect Buyer’s Remorse

  1. After You Write An Offer
  2. After the Offer is Accepted
  3. After the Home Inspection
  4. The Final Walk Through
  5. After You Write the Final Check for Closing Day
  6. After You Move in to Your New Triangle Home

Come back next week to learn more on how to overcome buyer’s remorse after you write an offer on your Raleigh home!

Linda Craft & Team is here to walk you through the steps to home ownership. For a free home buying consultation, please call our office today at 919.235.0007. We look forward to helping you!

 

 

 

Digital Spring Cleaning Tips

news mediaSpring has sprung in Raleigh, NC and it is time to clean and de-clutter our Triangle homes. One cluttered area that we often overlook, is our digital home. Our digital lives need to be de-cluttered and managed as much as our personal homes in order to stay organized and efficient! Taking time to clean and care for our digital devices can also prolong life saving you time and money in the end. Here are some great tips on organizing your computers, mobile devices and online activities!

Email

  • Create organized folders for the main aspects of your life or business. Create subfolders within these to stay organized and to make searching easy. Don’t let them fill up your inbox! Seeing that you have 2000 emails in your inbox (regardless if they are read or not)  is a negative psychological weight that can be prevented.
  • Delete your junk mail every day!

Social Media

  • Facebook: Delete any junk on your newsfeed. Review your privacy settings and review your photos. Perhaps the college photos are not so funny after 5 years!
  • Pinterest: Organize your boards and delete any you do not use.
  • Instagram: Delete anyone who clogs your feed! Update your profile
  • Twitter: Clean up your “follow” list and update any profile information.
  • LinkedIn: Update profile information, awards, promotions, experience. Take a few moments to endorse your peers as well.

Web Browser

  • Organize your bookmarks. Look through your links and determine which ones you will visit again. Another great tool to keep tabs of a website you might want to visit again is Pinterest. Create a new board labeled Sites of Interest and pin the pages to it. You are not clogging up your favorites bar and you are storing the pins in a handy, visual place!
  • Clear your history, cookies and any old temporary files that might be slowing your system down. Find directions here.

Documents

  • Start by deleting documents, photos etc. on your desktop. We get so busy with the task at hand it is easy to keep things on our desktops that we will eventually forget.
  • Go into your documents drive and create folders to save any loose documents in. Trash the documents you will never look at again! When finished, be sure to empty your digital recycle bin.

Digital Photos

  • We often rely on online sites like Facebook, Snapfish, Shutterfly and Tumbler to hold our lives’ memories. These companies are just as prone to security breaches as anyone else. Upload your photos to cloud based programs like Trovebox or Dropbox. Back them up periodically on an external hard drive to be extra safe.

Programs

  • Delete the programs you no longer need or use. They are only taking up precious computer real estate and oftentimes update without you knowing it resulting in more taken space! Find directions here.

Passwords

  • Update your passwords regularly to protect your privacy and avoid identity theft. Review sites security and privacy policies frequently to stay up to date on changes ie) Facebook. Try to avoid using the same password for every site.

Hardware, Tablets and Phones

  • Take the time to disinfect and clean your phones, tablets, keyboards etc. Use device friendly cleaner you can buy at the store.
  • Use a can of compressed air to get crumbs and dirt out of your keyboard, mouse and CPU.
  • It is possible to clean the inside of your computer but if you are not experienced with this we recommend a local professional.

Visit LindaCraft.com for a list of local, home care providers that we have had wonderful experiences with!  Don’t forget to check out Facebook page throughout the month of March for Spring Cleaning giveaways! We will also have our annual Spring Cleaning Shred Party on Saturday, March 29 from 10-2. Clear out your file cabinets and bring your boxes of paper to be shredded right before your eyes!

For your home buying and home selling needs, Linda Craft & Team REALTORS is your Triangle area expert. Call us today for a free consultation.

 

 

Should You Rent if You Cannot Sell?

House on dollar billsAccording to Keeping Current Matter, a recent study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home.

The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong rental market, means they can charge more in rent than they pay in mortgage each month, so they are going for it.”

This logic makes sense in some cases. KCM believes strongly that residential real estate is a great investment right now. However, if you have no desire to actually become an educated investor in this sector, you may be headed for more trouble than you were looking for. Are you ready to be a landlord?

Before renting your home, you should answer the following questions to make sure this is the right course of action for you and your family.

10 Questions to Ask BEFORE Renting Your Home

1.) How will you respond if your tenant says they can’t afford to pay the rent this month because of more pressing obligations? (This happens most often during holiday season and back-to-school time when families with children have extra expenses).

2.) Because of the economy, many homeowners can no longer make their mortgage payment. What percent of tenants do you think can no longer afford to pay their rent?

3.) Have you interviewed a few experienced eviction attorneys in case a challenge does arise?

4.) Have you talked to your insurance company about a possible increase in premiums as liability is greater in a non-owner occupied home?

5.) Will you allow pets? Cats? Dogs? How big a dog?

6.) How will you actually collect the rent? By mail? In person?

7.) Repairs are part of being a landlord. Who will take tenant calls when necessary repairs arise?

8.) Do you have a list of craftspeople readily available to handle these repairs?

9.) How often will you do a physical inspection of the property?

10.) Will you alert your current neighbors that you are renting the house?

Bottom Line

Again, renting out residential real estate historically is a great investment. However, it is not without its challenges. Make sure you have decided to rent the house because you want to be an investor, not because you are hoping to get a few extra dollars by postponing a sale.

Have more questions about the value of your Raleigh/Cary/Wake Forest and surrounding areas’ home? Still on the fence about selling it this Spring? Call Linda Craft & Team, Realtors to set up a free consultation. We will analyze your home, the homes in your area and give you a game plan for listing your home to sell! We have a team of experts that are here to help you each step of the way!

Reasons Why You Should Buy A Home Now Instead of In The Spring

happy familyEveryday in the Linda Craft & Team office we get updates on rising mortgage rates, inflating home prices and low housing inventory. It was perfect timing when this Keeping Current Matters blog appeared in our inbox and we feel has some great reasons why consumers should consider purchasing a home now as opposed to later in the year.  It could be a difference of thousands of dollars, countless headaches or more!

“Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five reasons purchasers should consider buying before the spring market arrives:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

Price Increases Are on the Horizon

Prices are projected to appreciate by over 25% from now to 2018. First home buyers will probably pay more both in price and interest rate if they wait until the spring. Even if you are a move-up buyer, it will wind-up costing you more in net dollars as the home you will buy will appreciate at approximately the same rate as the house you are in now.

Owning a Home Helps Create Family Wealth

Whether you  rent or you own the home you are living in, you are paying a mortgage. Either you are paying your mortgage or your landlord’s. The Fed, in a recent study, revealed that the net worth of the average homeowner is 30 times greater than that of a renter.

Interest Rates Are Projected to Rise

The Mortgage Bankers Association, the National Association of RealtorsFreddie Mac and Fannie Mae have all projected that the 30-year mortgage interest rate will be over 5% by the this time next year. That is an increase of almost one full point over current rates.

Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’ compared to where it will be next year. It’s time to buy.”

For all of your home buying and home selling needs, please call Linda Craft & Team, Realtors for a free consultation today. We have a team of experts ready to help you make your dreams come true! Call us today at 919.235.0007.

Keeping Current Matters keeps experts in the industry up to date with national and local real estate knowledge and news.

Should You Keep Your Home Listed During the Holidays?

Monthly Home Sales_2013_smallsize

Many Triangle area home sellers have the false belief that nothing happens during the holidays in real estate and are asking if they should come off the market now and wait until January to re-list.  Please read on for our thoughts and data on holiday home sales in the Triangle.

Stand Out in the Crowd

Right now our team is selling a house every day, but listing very few. This means your competition is the lowest right now because there are a lot of serious home buyers trying to get into a new home for the holidays or by the end of the year for tax reasons. With fewer homes entering the market for sale and serious buyers out shopping, this is your time to capture the highest sale!  Many Wake County home sellers share the false belief that nothing happens during the holidays and decide last quarter of every year to wait until January or spring to list their homes for sale. Come January and spring there will be a flood of new listings hitting the Raleigh real estate market which will increase your competition.  We will list more homes per day in January than we will in April. Our advice is to kick that false belief to the curb and stay in the market right now. Coming off the market and relisting after the holiday’s is not a good selling strategy.  Every home sells for less money when the competition is at its highest.  It does not matter if your are selling houses or blouses, if you have an oversupply they all get marked down and placed on the discount rack. As you can see, the Triangle Area Residential Realty chart above shows December doing much better than January and February.

Odds Are in Your Favor

The truth is, your odds of selling are higher now than they will be in January or February of the new year.  Now is the time to stay on the market and improve your price or condition so your house captures the very serious buyers in the market right now.  Raleigh area homes are selling now and will continue to sell through the holiday season.

If you are interested in selling your Cary, Apex, Wake Forest, Raleigh home or have any other real estate questions, we are here to help! Our team of expert buyer/relocation specialists and seller specialists can help you navigate our local, Raleigh real estate market. Please visit www.LindaCraft.com or call us at 919.235.0007 today!

Need Answers to Your Raleigh Real Estate Questions?

Are you interested in purchasing a home but do not know where to begin or who to talk to? Are you and your spouse thinking of taking advantage of this market and putting your house on the market and need to know what upgrades are recommended? Or do you just need a final, straight answer on if we are in a buyer’s or seller’s market?

Look no further! We are going to start answering real estate questions for you! Tap into over 150 years of real estate expertise by sending in your general real estate related questions. We will feature one on our blog every week with an answer from one of our real estate experts!

Please email Ashley@lindacraft.com with your real estate inquiries and your question may be spotlighted on our weekly blog!

Please call (919.235.0007) or visit us on the web at www.LindaCraft.com for all of your real estate needs. We are here to help you and your family achieve your dreams!

 

Need to Know Tips and Fall Maintenance for the Exterior of Your Raleigh Home

There is a crisp chill in the air, football is on every TV and food is cooking in the slow cooker. You might be ready for a North Carolina Fall but is your Raleigh home ready? Fall maintenance is very important in that it prepares your home for the (sometimes) harsh winter months ahead. When done seasonally and annually, you can prevent many issues and avoid costly repairs for your Triangle Real Estate. Please watch this My Carolina Today video for expert advice from Linda Craft.

Here are some additional exterior home maintenance ideas that will keep your Raleigh home running in peak condition and save you money in the future!

How to Inspect Your Raleigh Roof from Top to Bottom

Your roof’s drainage system annually diverts thousands of gallons of water from your house’s exterior and foundation walls. Few  homeowner problems are more vexing than a leaky roof. Once the dripping starts, finding the source of the problem can be time-consuming and expensive because water follows the path of least resistance.

  •  Climb on the roof or use binoculars if climbing on the roof is too scary. Check ridge shingles for cracks and missing shingles from wind damage. Look for damage to metal flashing in valleys and around vents and chimneys.
  •  Scan the entire roof for missing, curled, or damaged shingles. Look in your gutters for large accumulations of granules, a sign that your roof is losing its coating; expect problems soon!
  • Vents have rubber boots around them to seal the openings.  The hot summer sun dries the boots out causing them to split open and caulk to shrink.  When a roof is leaking this is the first place to check.  Fall is a great time to caulk and seal or replace them.  The life of a vent boot is 5 to 7 years. The life of most roofs is 20 to 30 years depending upon the shingle and elements.  If your roof has dark steaks on it that is an air born algae that is shortening the life of your roof. You can have it cleaned for under $500.00 and it will look better and last longer
  • If your home is more than 7 years old you may want to hire a roofer to inspect now and perform preventive maintenance. We offer an extensive list of local home care providers who can help you with your repair needs. Please visit our website for this list.

Protect Your Raleigh Real Estate with Gutters!

Gutters divert thousands of gallons of water away from the house.  If they are not functioning properly that water will end up seeping into your home if you are on slab or into your crawl space.  If water does not flow away from your house it will cost you thousands of dollars to repair.

  •  Gutters need to be cleaned 2 to 3 times a year depending upon how many trees you have around your property. 
  • Clogged gutters lead to damaged exterior surfaces and to water in your crawl space and basement.  Many fascia boards are rotten behind gutters only because the homeowner did not clean the gutters and the water could not flow.  It pooled in the gutters and sat against the wood causing rot.  Rotten wood is expensive to replace and attracts termites.

Just a $5.00 Tube Can Save You Hundreds (or more) on Your Raleigh Home

Walk around your house and look for the areas where masonry meets siding, where pipes or wires enter the house, gaps in the exterior siding or around your windows.  If it is left unchecked it could allow water to enter into the infrastructure of your home causing mold, rot and energy loss. If there is a small opening now it will get bigger in the winter as the cold temperature causes everything to contract. Seal it now to keep the elements from getting in.

  • Concrete cracks so check your driveway, sidewalk and porch steps and caulk cracks with concrete sealer.  When water gets in and freezes this winter it will cause deeper cracks and uneven surfaces.  Breaking up concrete and replacing it later is very expensive.
  • Weather-strip your garage door. Make sure the seal between your garage door and the ground is tight to prevent drafts and keep out small animals

Washing Isn’t Just for the Inside of Your Triangle Home

Raleigh, Wake Forest, Cary and the surrounding areas received a significant amount of rain this past summer. Over the warm summer months mildew has formed on your exterior. Power wash the exterior of the house to remove mildew which not only looks bad it shortens the life of your paint.  After power washing inspect exterior walls to see if any paint is peeling or blistering on the house or outbuildings.  Peeling paint is a sign that the existing paint film is failing and can no longer protect the siding of the building. Left uncorrected, the siding itself will deteriorate, leading to expensive repairs in the future.

As you can see, it is very important to perform regular maintenance on your Raleigh home. If you happen to live in a managed townhome or condo in the Triangle, do not be shy to contact your HOA on scheduled preventative maintenance questions. Join us next week for interior Fall maintenance tips for your Raleigh Real Estate!

We are here to help you with maintenance of your greater Raleigh area home by referring trusted home care professionals  and we are here to help when you are ready to buy or sell your home. For more expert advice from the most experienced Real Estate Team in the Triangle, visit www.LindaCraft.com or call us at 919.235.0007.

 

 

Raleigh Real Estate Expert Advice : Closet Space and Design

Well Designed Closet
A Well Designed Closet by California Closets Raleigh

Home buyers are surveyed yearly to discover what is important to them in the home they buy.  Over the years many things have changed in the Greater Raleigh area but one thing remains constant and that is that everyone wants more closet space in their homes!  According to a survey done by California Closets (Raleigh), 53% of home buyers would not move into a house if the closet space was not ample. This is compared to 41% last year. A growing number of home buyers in the hot real estate areas such as Raleigh, Cary, Wake Forest, Morrisville and Wake County all say the more closet space the better.  Home buyers such as (First Time Home Buyers as well) want more closet space as well.

Raleigh Home Buyer Survey Says…

According to Joe Marengi with California Closets (Raleigh) 1,200 people were surveyed and 44% said the number one thing they wanted in their dream home was a walk in closet. In todays hectic world, Triangle Real Estate Owners want a clean and organized closet. 50% said that a disorganized closet caused them to feel frustrated and stressed. 49% said they have clothes in their closet that are taking up space but, they feel “sentimental” about and cannot let them go.

If buying a new home to get a larger closet is not an option, there are ways to get more space out of the one you have. Home builders do not maximize space and typically install one long hang bar and two double hang bars. in most greater Raleigh area homes.  A proven space finder is to have a  closet company measure your space and plan by inches to maximize hanging space and storage shelves. In most cases, “a closet company can triple your linear hanging space” according to Marengi. Some other tips to consider when maximizing your closet space:

  • Many homes have closets where there is room for a center island which is perfect for a stack of drawers, long hang or shoes (see photo).
  • For more shoe space stack one on top of the other or one forward and one backwards to pick up more space as opposed to side by side.
  • Take advantage of your ceiling height. 9 foot and 10 foot ceilings will allow for triple hang.
  • Behind the closet door is a great space for belts or scarves.

 

Preparing to Sell Your Raleigh Home – Your Closet is Important to Potential Buyers

Staging your closet is very important when trying to sell your Raleigh home. There are several things you can do to optimize the closet space and inspire North Carolina home buyers on how they can set up their own belongings.

  • The Raleigh area has four seasons so remove the out of season clothes to show off space. Box and store now for the move ahead.
  • Removing everything off the floor, it will immediately make your closet look bigger. Donate items you no longer use to your local Goodwill store.
  • Open peripheral vision by removing any clothes near the door way. Leave 10 to 12 inches of open bar space at the closet doorway.  This gives a perception of a big closet with extra space.
  • Don’t have anything hanging on the entrance door to closet
  • Remove bulky hampers
  • Never stack to the ceiling need open space to the ceiling
  • Everything stacked on the upper shelf should be folded the same and neat, not more than 3 high to allow open space above and separated.  Not wall to wall stacks but small stacks with space in-between.  The white space makes a closet feel big enough
  • Add an air freshener to the closet.  You can’t smell your stinky shoes and clothes that were worn and not washed or dry cleaned but, your buyer can.  If you are selling your house wash your closet clothes and spray your shoes with odor eaters.

For more closet design tips for your Raleigh Real Estate, check out Linda Craft on the My Carolina Today show!

It is very important to market your home well to the potential buyer and you can do that by following the steps above. For more expert Real Estate advice from an experience team of Realtors, please visit www.LindaCraft.com or call our Triangle office today at 919.235.0007.

 

 

Wake County Real Estate Facts and Figures : Population

Are you relocating and interesting in buying real estate in The Greater Raleigh Area? Or are you a current Raleigh real estate owner and are curious to know what the current population is and where it is expected to go? Well this infographic is just for you! We have compiled local population figures from local towns and the city of Raleigh so you can get a better idea of where we are and where we are going.

Raleigh Goes Boom!Raleigh Population Infographic

Raleigh had over 10.8 million visitors last year according to Greater Raleigh Convention and Visitors Bureau! That is an astounding figure! We like to think that once people visit they like it so much that they want to move here. Raleigh has had tremendous growth since the 2000 Census. Wake County alone had a population increase of 273,147 from 2000 to 2010. It is estimated that Wake County currently has 958,015 people living here and Raleigh expects to hit 1 million by 2015.

Won’t You Be My Neighbor?

Not only is Raleigh growing but the towns around us are as well! The towns that experienced the greatest growth since 2010 are Cary, Morrisville, Holly Springs, Fuquay-Varina and Wake Forest. These are quickly becoming real estate hot spots while offering a small town feel. With our growing tech industry in RTP, Morrisville is a great place to buy a home if you need to be close to work. Even surrounding counties such as Orange (Chapel Hill) and Johnson are experiencing steady population spikes as well.

What Does This Mean for Triangle Real Estate?

You might be asking yourself, “what does this all mean for the Raleigh housing market”? Great question! As more people move here, Raleigh real estate is in high demand. We are experiencing a shortage of housing supply due to the high demand and lack of homeowners placing their homes on the market. Triangle Area Homes are moving faster than they were last year and many people are getting into multiple bid situations on homes they want. It is important for home buyers to stay positive and act quickly. Low inventory creates competition which can then bring home prices up.

Now is a great time to buy while interest rates are still low. Call our office today (919.235.0007) to get connected with an experienced buyer and relocation specialist who can help you navigate the Triangle Real Estate Market!

For more facts and figures on the area visit the WakeGov.com website or view a population presentation here.

(Note: All data compiled for Infographic was based off research and numbers given by the Internet and local municipalities. All data is subject to change and is not guaranteed.)

Energy Star Neighborhood : Not Just for Lightbulbs

We have all heard of energy star appliances. Stainless steel refrigerators, low flow toilets and compact fluorescent light bulbs are usually what comes to mind when one hears “energy star”. But have you ever heard of an entire neighborhood being energy star certified?

An energy star neighborhood is built to meet criteria and standards set by the _______. Homes are built more efficiently so they use less energy and save the homeowner money.

Many homeowners across the country have become increasingly interested in green building and conserving energy is a great start! Homeowners can expect to experience lower utility bills, energy conservancy and environmental protection.

According to the ENERGY STAR website, builders have partnered with ENERGY STAR and are leaders in energy-efficient construction and environmental stewardship, providing valuable peer and public recognition that translates into market advantage because consumers increasingly ask for ENERGY STAR.

View our current listing in Wake Forest that is part of an energy star certified neighborhood.