Financing for real estate may be tougher these days, but it is not impossible. Let laura Sutton at www.tatemortgage.com/lsutton prequalify you for a loan. When it comes to buying a new home it is more important than ever to be prepared when qualifying for a new loan. Times have changed. The days of securing no-doc loans or loans with no money down are in the past. To get a loan today it is commonplace to put a minimum of 20% down. If you have the down payment money for a loan on a new home, that is the first step.

Qualifying for a mortgage involves stating a steady source of income, a good credit history, and a reasonable amount of debt. Similarly what will work against you is poor credit, unemployment, no down payment funds and lying on a loan application. In addition if you are self-employed you should expect to jump through some pretty big hoops.

If you want to buy a home do not despair. If buying a home is in your budget you will be able to work it out. View the Phyllis Wolborsky & The Wolborsky Group listings at http://phyllisdiditagain.com.realproserver.com/Properties If its not in your budget at the moment it is probably best that you wait until it is. Keep my website handy and check back for our new listings.  If you see a property you like please call me at 919-876-2372 to discuss the buying and lending process. It would be my pleasure to share my 42 years of experisence and expertise with you in order to find you the perfect home. Call me today.

 Sourced from: Kinetic Content Library

Buyers are in charge when it comes to real estate these days. Sellers don’t like this piece of news, and who can blame them, after-all no one likes to be on the losing end of a game. This means that it is a great time to be a home buyer, even better if you don’t have to sell a piece of real estate to buy a new one. What makes it such a great time to be a buyer? Mortgage rates, home prices and inventory. That’s right, these three items add up to create prime buying power.

Mortgage rates are low, averaging just over 4.5% for a 30 year fixed rate mortgage, and they don’t appear to be heading up any time soon. If you have a job and a steady source of income as well as good credit, there couldn’t be a better time to buy a new home.

Home prices are down. While there are some areas of the United States that appear to have reached bottom, few areas are rising but merely stabilizing. Some parts of the country are still dropping and bargains abound.

Inventory of homes for sale is high. A high inventory means more bargaining power for buyers. There aren’t a lot of home buyers out there and sellers who are lucky enough to receive contracts don’t want a potential home buyer to get away.

In a nutshell, if you want to buy a home get out there and start looking!

Click here to read a recent article from CNN Money about being in a buyers market.

 Sourced from: Kinetic Content Library

It is a buyer’s market when it comes to real estate in Raleigh, North Carolina. It is not the best time to be a seller, but to be a buyer the conditions could not be better. Low interest rates, home values and inventory all point to buy, buy, buy. The only thing standing in the way is money, but if people can get money and they are in the right place at the right time, buying real estate is a great idea. Click here to view my listings: http://www.phyllisdiditagain.com/myhomes.asp. If the real estate market were a car the first time home buyer would be in the driver’s seat. Not only to first time home buyers get to take advantage of low mortgage rates, low home values, and a decent inventory of homes for sale, but they also don’t have to sell a home before they buy a home.

There may not be a better time to be a home buyer, especially a first time home buyer, for a long time. The first part of 2010 displays ideal conditions to get out there and start looking.  According to Hanley Wood Market Intelligence, a California research firm the Raleigh-Cary market ranks first in the nation. The rankings are based on home prices, employment conditions and income growth potential. Based on end-2010 economic forecasts, I think Raleigh will be the healthiest of the largest 100 markets in the country. Raleigh comes out on top because of stronger employment conditions, moderate household income growth, and continued strong household formation. the market still is expected to see minor home price declines (approximately 3 percent decline expected for 2010 over 2009) which is one factor that keeps the market from being even stronger. John Ward, Senior VP, Wachovia says The Triangle is the strongest rgional economy in North Carolina. The Triangle employment base is in government, universities, and technology which don’t have huge layoffs so the economy here does not have huge cycle swings.  Let Phyllis Wolborsky & The Wolborsky Group be your trusted advisor when it comes to your real estate decisions in the Raleigh-Cary and Triangle markets. Call me at 919-8786-2372 or email me at phyllis.wolborsky@allentate.com

Have a great Day!

In glomming on to positive news don’t forget to remember your basic math. Median prices have been going up in some areas, down in others. The median is the value that occurs in the middle of everything that has sold. For example, if seven apples have sold for $1, $1.25, $1.5, $1.5, $1.5, $1.75 and $2. The median price would be $1.5. The median value is the middle price, it does not represent the size, quality or type of apple.

In real estate it is important to remember that the median sales price represents the average price of what homes are selling for in a given area. It is not representing the size, condition or value of a home. The median sales price can be offset by foreclosure property that is selling in an area as well as by luxury property that is selling in an area.

The best way to determine the value of your real estate is to get it analyzed by and experienced real estate professional. There are many factors in determining real estate values today and picking an average out of the air could hinder the sale of your home. In today’s real estate market it is more important than ever to price your home appropriately. Call Phyllis Wolborsky & The Wolborsky today to take advantage of 41 plus years of experience in pricing a home to sale in the Raleigh, Cary & Wake Forest, North Carolina real estate market. View properties that are listed by Phyllis Wolborsky at http://www.PhyllisDidItAgain.com/myhomes.asp .It would be my pleasure to visit your home and give you a market analysis. Call me today and get your home SOLD.

If you are thinking about using the extended and expanded home buyer tax credit to purchase a home this year you better act fast. The tax credit can be used on homes purchased by July 1, 2010, but the homes must be under contract by April 30, 2010. What does this mean? You have a little more than a month to locate your new home. The tax credit is for two types of buyers, first time home buyers (home buyers who have not owned a home in the past 3 years) or home owners who have lived in their home for 5 of the past 8 years and want to purchase a new primary residence.
Important aspects of the tax credit include:

• Homes must be closed by July 1, 2010, under contract by April 30, 2010.
• Homes must have a value of $800,000 or less and must be the buyer’s primary residence.
• There are income restrictions, $125,000 for singles, $225,000 for couples.
• The credit is also affected by being single or married. Married couples who file together are entitled for up to $8,000 for a first home buyer, up to $6,500 for current homeowners. Single people are entitled for up to $4,000 for a first time home buyer and $3,250 for a current homeowner.
• The credit will need to be repaid if you sell your home within a time period of 36 months.

Remember, time is running out. Call Phyllis Wolborsky & The Wolborsky Group today to start looking for your new home if you intend on using the tax credit. Click to review our listings: http://www.phyllisdiditagain.com/myhomes.asp . It would be our pleasure to assist you with all of your real estate needs in Raleigh, Cary, Wake Forest and all of the surrounding Triangle area.

While many people seem to think that it is not wise to think of your home as an investment, the reality is that your home is an investment. This being said there are some things to keep in mind when setting out to buy a home, the least of which is getting to know the neighborhood you wish to buy in. If you do your research and your homework selecting your home properly can insure more of a return for you when you decide to sell at some point in the future.

Research the Raleigh, Cary & Wake Forest neighborhoods that you want to live in. Aside from knowing the schools and amenities that are available, take a close look at the property levels. Which streets hold more value? Is one edge of the neighborhood closer to a more upscale neighborhood, is one side close to a less desirable neighborhood? According to Realty Times, less is more. They say purchasing the least in the best neighborhood will give you the greatest return as every time a better house sells your value goes up as well.

While you may not look at your primary residence as an investment, in the long run it may be the best investment you have, so do your research and you will be happier in the long run.

Click here to read buying advice from Realty times.

I was reading the Charoltte Observer and thought the following  information was

important enough to pass along. Realtors are in the car most of their lives and safety

should be very important. Read these Tips:

*Turn on your hazard lighs to let the police officer know you’re aware he or she is

    trying to stop you.

*Stop in a well-lit area, especially at night, in a place where other people are around.

*Call 911 and give the dispatcher your location if you think the officer has stopped

    you without reason.

*Keep your door locked and roll down your window only enought so you can

   communicate with the officer.

*ask for identification, even if the officer is wearing sooomething that says “police”

   or “sheriff” on it.

*Don’t get out of your vehicle unless you’re sure the person is a legitimate officer.

*Ask to see the police supervisor on scene or drive to the nearest division office

   after the stop.

*If you think you were treated inappropriately contact  The Raleigh Police

   Internal Affairs at 919-890-03335.

Coley Forest is an elegant historic neighborhood located in the middle of Glenwood and Glen Eden near Raleigh, North Carolina.  This heavily wooded area offers privacy and a feeling of seclusion in very affluent surroundings.

The majority of homes available here reflect a 1950s contemporary style but there are some new contemporary homes as well. These exclusive homes range in price from $650,000. to more than 3 million dollars.

This is your chance to own a truly unique, one of a kind home with lots of space and beautiful views  of the area. These picture-perfect estate homes offers luxury features such as grand porches, soaring ceilings, professional landscaping, stone fireplaces, butlers pantry, large garages and much more.

Coley Forest offers a peaceful setting and dramatically different homes. Come and find the dream house you have been searching for.

Use our Featured Property Search to find more historic single family homes in Wake County, North Carolina.

Rand Meadows is a modern community that boasts beautiful, custom-designed homes that are affordable. This award-winning contemporary neighborhood has been on the cover of national magazines for its innovative floorplans ans superior construction.

Homes here all share a cohesive look but each home is unique and different from its neighbor.  These homes sit on large half acre homesites and start in the $300,000 price range.

Rand Meadows enjoys a countryside lifestyle yet is just a short drive from all the attractions and conveniences of the city of Raleigh, North Carolina.

Homes enjoy many luxury features such as a master bedroom on the first floor, large garages, ceramic tiles, granite countertops, custom cabinets, 9 foot ceilings, whirlpool tubs and much, much more.

Use our Featured Property search to find more affordable single family homes in Raleigh, North Carolina.