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!

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.

Nestled on the sparkling shores of beautiful Jordan Lake, The Preserve is located just south of Chapel Hill and west of Raleigh, North Carolina and is a semi-private golf course.

The Preserve is a challenging signature golf course designed by Davis Love III and is a designated Audubon International Certified Sanctuary.  This residential community is a leader in environmental stewardship and was voted one of America’s Top 40 new golf courses by Golfweek Magazine.

This 18-hole championship golf course boasts a practice facility, a casual clubhouse, golf instruction, pro shop and Junior Golf club and more.

The Preserve enjoys great golf, excellent food in a lovely setting.

Use our Featured Property Search to find homes located in other Raleigh, North Carolina residential golf communities.

Come and enjoy the beautiful residential community of Brightleaf at the Park, with 97 homesites and executive homes that start in the $200s. Lots here are heavily wooded and offer a strong sense of privacy.

Brightleaf at the Park offers its residents many amenities such as a Junior Olympic-sized swimming pool with a large deck perfect for relaxing in the sun.  If you have little ones they will enjoy the double slide, splash pad area and the baby pool. There is also a huge 15-acre sports complex with tennis center and fitness center and an elegant clubhouse for social activities.

There is also a lovely pond that is surrounded by miles of scenic walking trails that meander through a unique sculpture area and a common wildlife preserve and the entire Brightleaf at the Park neighborhood.

Use our Featured Property Search to find more executive homes and luxury real estate in Raleigh, North Carolina.

Ramlewood offers a variety of spacious townhomes, single-family homes and condominium residences. The convenient location of Ramblewood insures easy access to “Raleigh’s Midtown”, an upscale district that promises great shopping, dining, entertainment and a luxury hotel. The community boasts a farmers’ market,free summer concerts, and an array of festivals, street performances an much much more.

These traditional-style homes have brick exteriors, sweeping 10 foot ceilings, hardwood floors, stainless steel appliances, granite countertops, finished attics, personal elevators, spacious patios and courtyards and private garages.

Come an experience the magic of Ramblewood at North Hills starting from the $400,000s.

Use our Featured Property Search to find more townhomes, condos and single-family homes in Raleigh, North Carolina.

Boylan Flats offers loft-style units that feature green design, energy efficiency and a sleek modern design.  Boasting an Energy Star rating, Boylan Flats protects the environment and insures lower utilities bills for its residents. Located in between the Northwest neighborhood of Glenwood South and the historic area of Boylan Heights. 

Boylan Flats offers an incredible array of green, environmentally-friendly amenities.  Each unit has high-end Energy Star appliances, water-conserving “Raindance Air” shower fixtures, natural bamboo flooring, full height glass walls, private balconies and a lovely rooftop garden with breathtaking views of the surrounding area.

The building also boasts secured covered parking, a gated entrance, secure controlled elevator access, and much more.

Come and discover this unique urban lifestyle in Boylan Flats in Raleigh, North Carolina.

Use my Featured Property Search to find more luxury lofts in Raleigh, North Carolina

West is Raleigh’s newest premier address and is prominently situated in Glenwood South.  Soaring seventeen stories above West and North Street, West enjoys breathtaking views and vitality of the Triangle’s most exciting district.

The interior appointments of West features high quality, luxurious amenities.  Residents enjoy large units that vary in size from 700 to 1900 square feet, they also enjoy granite countertops, hardwood floors, frameless glass showers, high ceilings, recessed lighting, custom cabinets, WiFi and Ethernet, big windows, and private terraces.

Come and enjoy this urban oasis that offers an on-site bellman, concierge, a roof-top pool, a state-of-the-art fitness center and secure resident parking.

Use our Featured Property Search to find more luxury condos in Raleigh, North Carolina.