Tips for Buyers and Sellers - Steve Poirier - Log Pond Realty

Posted on December 07, 2018

Christmas is right around the corner.  Time to prepare those Christmas gift lists! To quote one of the lines from one of my favorite TV Christmas specials, Rudolph the Red Nose Reindeer: A scooter for Jimmy A dolly for Sue The kind that will even say, “How do you do?” When Christmas Day is here The most wonderful day of the year. Is it time to put a house on the holiday Christmas gift list? Why You Should Consider Buying this Holiday Season Turkeys and tinsel, dreidels and pumpkin pie. Yes, friends, the holidays are here again, and it’s the perfect time for … house hunting? OK, we know you’re busy enough planning family feasts and much-needed vacations while dealing with blustery weather, but hear us out. While it might seem counterintuitive to put a big-ticket item like a home on your holiday shopping list, it really does make sense. Don’t believe us? Check out these surprisingly smart reasons to let everyone else hit the mall to buy half-off sweaters while you make the purchase of a lifetime: a new house to ring in the New Year. Reason #1:  Less Competition There’s typically less competition during the offseason, which means buyers can get more bang for their buck. About 40 percent of homes on average are sold in May, June, July, and August, according to The Housing Wire. The four months with the lightest sales are November through February, which means less competition as well. Research from Zillow shows that those who buy a home during the peak selling point usually pay an average premium of $1,500, but those who purchase homes in, say, December paid $3,100 less than average. Reason #2: Sellers are serious (or worn out) Whether a house has been on the market for months or the “for sale” sign has recently appeared in the yard, sellers tend to be serious during the offseason. They are usually ready to make a deal, which means that buyers have more room for negotiation and throwing out a lower offer. Most sellers have a compelling reason for putting their house on the market during the holidays. (Let’s face it: It’s no holiday party for them to have strangers wandering through their house.) They might be facing a relocation and want to get their kids settled before the new term. Or they might just be feeling some stress if they listed their home in the fall and it’s still languishing post–Turkey Day, making them just a little more desperate and anxious to deal Dreaming of a New Home? Topic #3: Tax Advantages Yes, I said it! Taxes. Right after the holiday season comes Tax Season! In case you weren’t aware, buying before January 1 can help you save in April and beyond. Homeownership can bring numerous tax perks, from deducting mortgage interest to property taxes. Also, many closing fees are tax-deductible if you itemize—although you should always double-check with your accountant about any tax questions. Reason #4: You might become the center of attention • During the warmer months, real estate agents, mortgage lenders, title companies and other professionals tend to be swamped, which means that clients might not always get the attention they need or want. • Once the summertime sales are made, buyers may receive more attention from the experts and experience fewer delays and service issues. Home for the Holidays Reason #5: You can catch some great sales Need new furniture or other items for your new home? Plenty of seasonal clearance sales will be available to help you apply a personal touch – but be careful not to spend yourself into unrecoverable debt. Obviously, you should never rush into a major purchase just to save a couple of dollars; and please remember to make any large purchases AFTER you close on your home. Give Yourself a Little Gift this Holiday About Log Pond Realty  Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on November 29, 2018

The holidays are here and now is a perfect time to come together with friends and family to celebrate the magic of the season.  The Triangle area is aglow with light displays, tree lightings, and other seasonal presentations.  Here are some of the happenings in December. Christmas on Salem Street (11/30 to 12/2) Downtown Apex will be transformed into a winter wonderland to ring in the Christmas season to Apex.  On Friday night, November 30th, the festivities include the official annual Apex Christmas tree lighting, caroling, and sleigh rides. Of course, Santa and Mrs. Claus will be on hand to greet the children. There will be merrymaking all up and down Salem Street, the stores will be packed with goodies and gifts that will make for a wonderful magical Christmas in Apex. This is all part of the reason Apex is the Peak of Good Living. On Saturday night, December 1st, the annual Christmas parade will be held at 5:00pm. On Sunday, December 2nd, the Apex Historical Society will once again offer historic homes tours. Christmas on Salem Street Downtown Raleigh Tree Lighting Celebration (11/30) Downtown Raleigh comes aglow for the annual Downtown Raleigh Tree Lighting Celebration at the Duke Energy Center for the Performing Arts.  Enjoy some tasty snacks and beverages from local vendors, holiday music and the opportunity to meet Santa Claus as he walks around the crowd meeting and greeting everyone (bring your cameras!). State Capitol Tree Lighting Ceremony (12/6) The State Capital Tree Lighting Ceremony is the official kickoff of the holiday season.  Join state dignitaries and local choral groups for seasonal songs and a joyous celebration.  After the lighting of the tree, stick around to tour the inside of the Capitol, covered in wreaths and draped in garland. Christmas at the State Capital Historic Oakwood Candlelight Tour (12/8 & 12/9) Historic Oakwood, a community of homes, many of which are dated to the mid-1800s to early 1900s, has its own small town feel. Elegantly decorated for the holidays, you can step inside about a dozen private homes, staffed with docents who tell the rich history of this Century Victorian neighborhood. Historic Oakwood Christmas Tour Chinese Lantern Festival (Continues to 1/23) The Koka Booth Amphitheatre in Cary will once again be transformed into a magnificent setting when the North Carolina Chinese Lantern Festival returns this holiday season! The Festival will include more than 20 lighted displays including the spectacular Chinese Dragon on Symphony Lake.  This year’s festival will include the addition of cultural performances and artisan crafts.  Performances will include traditional Chinese dance, foot juggling and vase juggling, and Wushu/Kung Fu. Chinese Lantern Festival Holiday Performances If you are looking for some indoor events and are looking ahead to the Christmas season, there are a number of holiday performances in and around the Triangle.  From ballet to musicals there are plenty of performances to get you in the holiday spirit. Rudolph the Red Nose Reindeer: The Musical Carolina Ballet: The Nutcracker North Carolina Symphony Special Event Concert: Holiday Pops Spectacular About Log Pond Realty Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on November 27, 2018

    document.createElement('video'); https://blog.chime.me/www-logpondrealty-com/wp-content/uploads/sites/55/2018/11/Wake_County_Market_Stats_-_102018_265938110_1080x1080_F30.mp4 About Log Pond Realty Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via phone at 919.589.3576 or via email at inquiries@logpondrealty.com  We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on November 16, 2018

You may not think that the holiday season is a good time to sell your home, but think again!  This holiday season there are lots of holiday home buyers looking for great homes across the Triangle, NC area.  Follow these quick simple tips for merry home sale! Yes, its that time of the year again!  It is the holiday season!  Time to deck the halls, trim the tree, find your ugly Christmas sweater & toast in the New Year! But is it time to sell your house? While the thought of selling your home during the winter months may dampen your holiday spirit, the season does have its advantages: holiday buyers tend to be more serious and competition is less fierce with fewer homes being actively marketed. First, decide if you really need to sell. Once you’ve committed to the challenge, don your gay apparel and follow these tips. Holiday Tip #1: Deck the Halls, but Don’t Go Overboard Homes often look their best during the holidays, but sellers should be careful not to overdo it on the decor. Adornments that are too large or too many can crowd your home and distract buyers.  Also, avoid offending buyers by opting for general fall and winter decorations rather than items with religious themes. Deck the Halls but Be Classy! Holiday Tip #2: Give Holiday House Hunters a Place to Escape from the Cold When you encourage buyers to spend more time in your home, you also give them more time to admire its best features. Make your home feel cozy and inviting during showings; playing soft classical music and offering homemade holiday treats. Give house hunters a place to escape from the cold   Holiday Tip #3: Make Curb Appeal a Top Priority   When autumn rolls around and the trees start to lose their leaves, maintaining the exterior of your home becomes even more important. Bare trees equal a more exposed home, so touch up the paint, clean the gutters and spruce up the yard. Keep buyers’ safety in mind as well by making sure stairs and walkways are free of snow, ice, and leaves. Holiday Tip #4: Hire a reliable real estate agent Hire someone who will work hard for you and won’t disappear during Thanksgiving, Christmas or New Year’s. Also, marketing your home takes extra importance during the winter season when the gardens are less than colorful and the leaves are off the trees.  Premium photography and video tours of your home are a critical part of the marketing program for your home. When the weather outside is frightful, homebuyers are likely to start their house hunt from the comfort of their homes by browsing listings on the Internet. Make a good first impression by offering lots of flattering, high-quality photos of your home. If possible, have a summer or spring photo of your home available so buyers can see how it looks year-round. You’ll get less foot traffic during the holiday’s thanks to inclement weather and vacation plans. But shooting a video tour and posting it on the Web may attract house hunters who don’t have time to physically see your home or would rather not drive in a snowstorm. Use Premium Photography & Videos to Capture Holiday Homebuyers Holiday Tip #5: Relax – the New Year is right around the corner! The holidays are stressful enough with gifts to buy, dinners to prepare and relatives to entertain. Take a moment to remind yourself that if you don’t sell now, there’s always next year, which, luckily, is only a few days away. Enjoy Your Holiday About Log Pond Realty  Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on November 02, 2018

How is the real estate market?  That is a question that we get a lot and there is no easy answer.  If you are a home seller, it is great.  If you are a home buyer, not so great.  Here is the Q3 2018 residential real estate update for the Cary, Apex & Morrisville, NC real estate market. Home in Cary, NC How is the Real Estate Market? As a real estate agent, the most common question that I get is, “how is the market?”  The short answer is, “that depends….” There is no one real estate market.  Even in a small defined area like Cary, Apex & Morrisville, NC there are lots of differences across various sub-markets. In this post, we are looking at two markets.  The first is the Re-Sale market for homes priced under $400,000. The second market is the New Construction market. Recap The market still is heavily tilted toward home sellers, as low inventory and buyer demand remain two of the themes of this market. Resale Market $400,000 and Below: Demand for resale listings in the price points below $400k continues to outstrip supply.  Inventory stands at one month.  Across Wake County, inventory is set at two months while a neutral market is 6 months of inventory.   75% of all re-sale listings sold within 1-30 days, while 22% sold above the final list price and 10% had competing offers. New Construction: The inventory of new construction accounted for 56% of the homes for sale at the end of Quarter 3. The average list price of new construction is $493,800.  As more new homes continue to come online, this will put more pressure on the resale market, especially in the $400k-$600k market.  Those priced above 400k must be updated and priced competitively to compete with the new construction homes. Total Inventory:  Total inventory up 14%, new home inventory up 31% and re-sale inventory down 3%. Prices:   Average overall sales price up 4%.  Average resale sales price up 3%.  The average overall sales price, resale sales price and median detached sales price per square foot were the highest on record. About Log Pond Realty Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via phone at 919.589.3576 or via email at inquiries@logpondrealty.com  We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.  

Posted on November 02, 2018

Halloween has come and gone & Thanksgiving is right around the corner.  Yup, the BIG holiday, Christmas is approaching also.  If you are thinking that your fall fun is over, THINK again!  There are lots of great activities in an around the Triangle to enjoy! In fact, November is a great time around the Triangle area!  Days are generally pretty warm, ranging in the 60’s to 70’s.  Night time temperatures range from the 40’s to 50’s.  So, grab a jacket and enjoy all that the Triangle has to offer.  Here are some great ideas in and around the area. Raleigh Christmas Parade (11/17) This is the 74th year for the Raleigh Christmas Parade.  The Raleigh Christmas parade is the largest Christmas parade between Washington, D.C. and Atlanta. Over 250,000 will watch the parade live from home and over 60,000 will attend the parade in person. The parade will last approximately 2.5 hours and will feature something for the whole family. Chinese Lantern Festival (11/23 to 1/23) The Koka Booth Amphitheatre in Cary will once again be transformed into a magnificent setting when the North Carolina Chinese Lantern Festival returns this holiday season! The Festival will include more than 20 lighted displays including the spectacular Chinese Dragon on Symphony Lake.  This year’s festival will include the addition of cultural performances and artisan crafts.  Performances will include traditional Chinese dance, foot juggling and vase juggling, and Wushu/Kung Fu. Chinese Lantern Festival Christmas on Salem Street Downtown Apex will be transformed into a winter wonderland to ring in the Christmas season to Apex.  On Friday night, November 30th, the festivities include the official annual Apex Christmas tree lighting, caroling, and sleigh rides. Of course, Santa and Mrs. Claus will be on hand to greet the children. There will be merrymaking all up and down Salem Street, the stores will be packed with goodies and gifts that will make for a wonderful magical Christmas in Apex. This is all part of the reason Apex is the Peak of Good Living. On Saturday night, December 1st, the annual Christmas parade will be held at 5:00pm. On Sunday, December 2nd, the Apex Historical Society will once again offer historic homes tours. Christmas on Salem Street Holiday Performances If you are looking for some indoor events and are looking ahead to the Christmas season, there are a number of holiday performances in and around the Triangle.  From ballet to musicals there are plenty of performances to get you in the holiday spirit. Rudolph the Red Nose Reindeer: The Musical Carolina Ballet: The Nutcracker North Carolina Symphony Special Event Concert: Holiday Pops Spectacular Football Action The ACC football action heats up as all three local teams are in action including the traditional Duke versus UNC match on Saturday, November 10th and the Wolfpack take on the Tar Heels on Saturday, November 24th. ACC Soccer Action Comes to the Triangle If the pigskin isn’t your thing, there are several opportunities to check out some football action with a round ball.  The ACC Women’s Soccer Championship will be played at the Wake Med Soccer Park in Cary from November 2nd to the 4th.  The ACC Men’s Soccer Championship will also be played at the Wake Med Soccer Park from November the 9th to the 11th. Check out the ACC website for game times. If you want to see some of the best young soccer players in the country.  The North Carolina Football Club will be hosting their annual Boys and Girls Soccer Showcases each weekend throughout November.  The Soccer Showcase is one of the largest soccer showcases in the country and teams from across the US will be competing at various venues around the Triangle. Check out the NCFC website for more information About Log Pond Realty Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on October 26, 2018

103 Haybarn Court in Seagroves Farms If you are looking for a townhome close to downtown Apex, check out this beautiful townhouse in the Seagroves Farm neighborhood of Apex. Luxurious low maintenance living! This home is immaculate, painted & move in ready! Large open floor plan with a spacious family room, formal dining room & breakfast nook with french doors to a screened in porch overlooking the wooded conservation area. Upstairs has new flooring and boasts 3 large bedrooms & 2 full bathrooms. Upgrades include new doors, stunning light fixtures, beautiful flooring upstairs, custom shelving in all closets and in the garage. Minutes from shopping, dining, downtown Apex & US Route 1 About Log Pond Realty  Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.  

Posted on October 18, 2018

Submit your highest offer upfront and put the seller’s wants first, and you will be calling that house a home in no time  You see the perfect house on-line and you call your agent to schedule a showing.  The house is perfect!  It has the gourmet kitchen, open floor plan, lots of storage, the fenced in yard for the dog…it has everything you want and it is in the perfect location!  Because the house is perfect for you, it is also perfect for everyone else.  Such properties quickly generate multiple offers in a very short time, but only one of those offers succeeds — and you want to ensure that your offer is the one that succeeds.  To ensure that happens, you need to place the best offer in a market that has significantly favored sellers for many months.    Once you have found that perfect house, you should prepare to jump in with a strong offer that should contain these elements:     Address seller’s anxiety  You’ve probably heard the old adage that “cash is king.”  Because a cash offer eliminates sellers’ stress about appraisals and loan approvals, “cash is king” with most sellers. While that is true, most buyers don’t have the luxury of submitting an all-cash offer for their dream home.  Most buyers will require some sort of financing.    Cash is King If you can’t submit an all-cash offer, you will be required to produce a pre-qualification or pre-approval letter with your offer.  Your letter should be from a reputable local lender.  Having represented many, many buyers over the last many years, my observation is that local lenders tend to be more thorough in issuing a pre-qualification/pre-approval, which limits potential issues further into the home purchase process.  Also, a mortgage pre-approval instills greater confidence that a standard pre-qualification, because all the buyers’ required documentation has been submitted and lender approved.  Lastly, the letter should highlight a credit limit at a loan level in line with — or slightly above — their target purchase price.  See the ins and outs of home financing.   Submit Your Best Offer Upfront  Several months ago, I was working with a buyer looking to downsize to a ranch style home in southern Wake County.  He and his wife had bought their first and only home many, many years before and no longer had the need for their large home.  When we first met, I showed him the recent price history of homes in their target area, many with closing prices at or well-above list price. After a few weeks of looking, we found a home in their desired area, price range, and amenities.  It was the perfect house for them.  We talked about our offer strategy, and after many, many minutes of discussion, he decided to place an offer several thousand dollars below list price.  As one might guess, our offer was not accepted and they were very upset that they had lost the house.    The Moral of the Story The moral of this story like many home purchase stories in this market is that as a buyer, you should start with your highest and best offer, beginning with price and including all of the components of an offer.  The highest offer isn’t always the one chosen, but in a strong seller’s market, offering less than list price isn’t a winning strategy.  While price is very important, it is not the only consideration.  Other things to consider include; deposit monies (in North Carolina that includes due diligence and earnest money), closing and due diligence dates, personal property requests, and other seller concessions.  Never underestimate how an extensive due-diligence and or earnest money offer may show your willingness to “place skin into the game”, by showing how serious you are to see the offer through to closing.     See my recent post on buyer sabotage.   Avoiding Buyers Remorse When working with home buyers, I always plan to meet with them several days before looking at homes to talk about their goals and aspirations for their search.  One of the points that we discuss is Buyers’ Remorse how badly they might be willing to offer on a house once they are ready to submit an offer.  For many buyers, including my buyer from above, the prospect of placing an offer above asking may seem foreign.  In this market, a few thousand dollars may separate a winning bid from a losing bid.  One of the points that I always relay to my buyers is that you want to place an offer that you “won’t wake up tomorrow morning feeling guilty that you could have gone higher, or you won’t feel remorse that your offer is too much for you to afford.”      Prepare to deal with inspections and repairs  Home Inspection No house — not even a new one — is perfect. And the more competitive the market, the less inclined sellers are to make repairs, especially to nit-picky minor flaws. During the home purchase, there are two rounds of negotiations.  The first is when the offer is submitted and the second is when repairs are submitted to the seller.   The purpose of the various inspections is to verify sound condition and to point out items that may need replacement or repair down the line.  I try to counsel my buyers to focus on the critical repair items; e.g. broken HVAC, plumbing, electrical, etc. and not to nitpick on minor or cosmetic issues.  Doors that may not close correctly or missing GFI outlets do not necessarily necessitate a repair buy the seller, nor a huge price concession.    Wrapping Up  In a housing market heavily weighted toward home sellers, having buckets full of cash, waving inspections and offering significantly above asking price are a winning strategy to land your dream home. Having buckets of cash and the willingness to pay exorbitantly are not available to the majority of most home buyers.  By addressing the needs and anxieties of the seller, placing your best offer in a timely manner and focusing on the necessary repair items are just one of many strategies to win the home of your dreams.    About Log Pond Realty  Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you to  write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on October 18, 2018

The final weekend of the Triangle Parade of Homes is here! The Triangle Parade of Homes is sponsored by the Home Builder Association of Wake County. The Parade of Homes is an annual, free tour that is open to the public and is the best way to view the newest homes and the newest communities throughout the Triangle. The 2018 Parade of Homes will be held on October 6-7, 12-14, 19-21. Providence at Yates Pond For our final Parade of Homes stop, we head over to Providence at Yates Pond by Baker Residential.  Let’s talk LUXE!!!!  If you are looking for your own personal castle, without the moat or the fire-breathing dragon! Featuring an elegant collection of over eighty estate homes surrounded by natural beauty and breathtaking views, Baker Residential has sculpted a piece of paradise in the western side of Cary.  Unique home designs are offered on approximately 1/3-acre with impeccable interior details. Residents may choose from a variety of open floor plans, custom options, and enhancements that ensure each family makes their home their own personal castle. Flexible living spaces, sumptuous suites, and masterfully crafted outdoor living spaces are just a few of the options you can expect from this premier neighborhood. About Log Pond Realty Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on October 12, 2018

Week Two of the Triangle Parade of Homes sponsored by the Home Builder Association of Wake County. The Parade of Homes is an annual, free tour that is open to the public and is the best way to view the newest homes and the newest communities throughout the Triangle. The 2018 Parade of Homes will be held on October 6-7, 12-14, 19-21. Pines at White Oak Crossing by Toll Brothers This week we are stopping by the Pines at White Oak Crossing by Toll Brothers. This community features award-winning home designs on wooded home sites with hundreds of options to create the home of your dreams including basements! Nestled in a great location between Jordan Lake and the Cary/ Apex area with quick access to I-540 and Research Triangle Park and Raleigh-Durham International Airport, this community is minutes from every convenience. Other Toll Brother Communities For questions on this community or other new home communities across the Triangle, check out our website at www.logpondrealty.com or email us at inquiries@logpondrealty.com About Log Pond Realty Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on October 05, 2018

Triangle Parade of Homes Kicks Off this Weekend!! You couldn’t tell by the weather that it is the beginning of October! Tomorrow kicks of Triangle Parade of Homes sponsored by the Home Builder Association of Wake County. The Parade of Homes is an annual, free tour that is open to the public and is the best way to view the newest homes and the newest communities throughout the Triangle. The 2018 Parade of Homes will be held on October 6-7, 12-14, 19-21. Bailey Hill in North Raleigh by Drees Homes If you are thinking about building a new home, this is a great opportunity to check out the latest styles and new home communities across the Triangle. Each week, we will be featuring a new home community. This week, we are at Bailey Hill in North Raleigh by Drees Homes. Kelly and I just closed on a new in this community and this home is wonderful! This home is an entertainers dream with an open floor plan, gourmet kitchen, floor to ceiling fireplace and massive full basement. Drees Homes                     For questions on this community or other new home communities across the Triangle, check out our website at www.logpondrealty.com or email us at inquiries@logpondrealty.com About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on October 01, 2018

How is the real estate market?  That is a question that we get a lot and there is no easy answer.  If you are a home seller, it is great.  If you are a home buyer, not so great.  Here is the August 2018 residential real estate update for Wake County. How is the Market? As a real estate agent, the most common question that I get is, “how is the market?”  The short answer is, “that depends….”  In recent months, if you are a home seller, the market is been outstanding, probably the best ever.  Inventory is at a near all-time low and buyer demand has been strong.  For homebuyers, the market has been very tough.  Low inventory and high demand have resulted in multiple offer situations and closing prices above asking.  Investors have benefited from rising rental rates and strong demand for rental units.  Truly, there is no one single answer to the question, “so how is the market.” Photo by rawpixel.com from Pexels August Real Estate Market Stats This month, we kick off a new series highlighting some of the trends and statistics for the residential real estate market around the Triangle.  Each month, we will focus on a different segment of the market.  This month, we are looking at the general brokerage statistics for August 2018 for Wake County.     Recap The market still is heavily tilted toward home sellers, as low inventory and buyer demand remain two of the themes of this market.  We are starting to see some changes overall in the market, both nationally and in the Triangle.  Recent reports on the national market hint toward the market easing a bit and becoming more neutral, neither favoring buyers or sellers.  That remains to be seen and will monitor this in future posts. A couple of highlights in the August data: Average Sale Price:  Both for the Overall Market and the Re-Sale Market are up compared to 2017, but both numbers have declined each month since June.  While June normally is the strongest month for home prices, we shall see how prices trend in the coming months. Days on Market:  Days on Market has increased each month since May to 43 days in August, up from 41 days in July and 32 days in August 2017. Listings:  Increased 14% in August.  This is partially attributed to the increase in new construction. Photo by Sarah Jane from Pexels About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in assisting you to write your new story. We can be reached via phone at 919.589.3576 or via email at inquiries@logpondrealty.com  We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.  

Posted on September 28, 2018

Summer has come and gone, and Fall is here!  Time to get ready for cooler days, colorful leaves, football, and everything pumpkin spice!  If you are looking for things to do across the Triangle area, we have some ideas for you!     NC State Fair (10/11 to 10/21) The highlight of the October events calendar has to be the NC State Fair.  This year, it is the 151st edition and it promises to be the best one yet!  The fair offers something for everyone! From 100+ free concerts, farm exhibits, deep-fried everything to the incredible fireworks each evening. More than a million visitors walk through the gates in Raleigh every fall—don’t miss out! The NC State Fair Runs through October Pumpkin Patches & Corn Mazes There are lots of great places around the Triangle to pick out that perfect pumpkin and to get lost in a haunted corn maze.  Here are some of the area’s patches. Ken’s Korny Corn Maze – Garner. DJ’s Berry Patch and Farm Fresh Produce – Apex The Family Farm on Avent Ferry – Holly Springs Hipp Farms Corn Maze and Field of Fun – Fuquay-Varina Phillips Farm Corn Maze and Haunted Farm – Cary   Find the Pumpkin Football!! Put on your red and white, dark blue or light blue and cheer your favorite college football team!  All three local ACC teams; Duke Carolina and NC State have several home dates during the month of October. Hockey Action Renews The puck drops on another season for the Carolina Hurricanes as they begin their quest for the Stanley Cup.  The Hurricanes kick off their home slate on October 4th against the New York Islanders and host the Rangers, Canucks, Avalanche, Sharks, Islanders, and Bruins in October. Bike, Hike & Run Take advantage of ideal running and cycling weather by exploring one of the local state parks, riding trails or cycling loops.  Use any of the Raleigh area’s 180 miles of greenways—many of them connecting to attractions and letting you travel all over the destination—or numerous other miles of trails traversing through parks, and you’ll find runners getting in workouts, cyclists out for leisurely rides, parents pushing strollers and people of all ages soaking up the fresh air. Below are some of our favorite spots to seek out solitude and sun!  Here are some great destinations to check out. Fall is a Great Time for Biking Around the Triangle Wine! Sip and savor chardonnays, merlots, scuppernongs and more while you meet and greet the fascinating people who are forging N.C.’s reputation for quality wines at the North Carolina Wine Festival at North Hills (10/27). Enjoy delicious food, the opportunity to shop local businesses and purchase wines you like by the bottle and case, all while listening to three awesome bands jamming on the main stage. About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.  

Posted on September 27, 2018

Looking for an active adult community?  This week, we are stopping by the Regency at White Oak Creek by Toll Brothers.  This is the only adult active community in Apex and features the best of everything in 50+ living.  Active Lifestyle Communities One of the fastest growing segments of the residential real estate market are so-called, “active adult”, “active lifestyle” or “50+” communities. These communities that cater to active adults looking for relaxed, stress-free single-floor homes in well-designed communities offering a variety of amenities and activities. Many of these communities offer extensive recreational center including; state-of-the-art fitness centers, club and hobby rooms, and events to grow and foster new relationships. Throughout the Triangle area, there are a number of these communities that have popped up in recent years, attracting active adults primarily from the Northeast, Midwest and Mid-Atlantic state looking for warmer weather, lower taxes and proximity to the mountains and sea coast. Regency at White Oak Creek by Toll Brothers Introducing Regency at White Oak Creek This week, we are visiting Regency at White Oak Creek by Toll Brothers, the only active living community in Apex.  Featuring luxurious single-family homes and first-class amenities including grand clubhouse, pool, fitness, trails, a full-time Lifestyle Director this community offers the best of everything.     Other Adult Active Communities If you are considering an adult active community in the Triangle area, there are lots of options available!  Here are the links to some of our favorite communities: Carolina Arbors by Del Webb Creekside at Bethpage Del Webb at Traditions Fendol Farms Manor Regency at White Oak Creek The Courtyards at O’Kelly Chapel Exercise Room at Regency at White Oak Creek by Toll Brothers About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you in writing your new story. We can be reached via email at inquiries@logpondrealty.com  or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on September 19, 2018

The homebuying market is tough!  As a homebuyer, the last thing you want to do is to sabotage your home purchase.  There are several simple things that you can do to avoid homebuyer sabotage.  Follow these simple steps and you will be calling that house your home in no time.  The Homebuying Market is Tough The home buying market is tough!  No question.  The last several years have been tough for homebuyers.  Low inventory, high demand, rising prices, and tighter lending rules have all contributed to this market.  As a homebuyer, what can you do? What You Can Do We work have worked with many homebuyers; from first-time home buyers to people looking step down, step up or buy their retirement retreat. Even before we begin to look at houses, we spend some time getting to know our homebuyer and talking to them about the ins and outs of the local market.  We also talk quite a bit about the home buying process.  Even for many experienced homebuyers, the process today can be quite different from the process just a few years ago.  Our goal is to make the process as smooth as possible for our clients. One of the things that we talk about our ways not to sabotage your own home purchase.  A few weeks ago, I highlighted three ways that a homebuyer can sabotage their home purchase. Photo by Binyamin Mellish from Pexels This week, we introduce three additional ways.   To recap, here are 6 ways that you as a homebuyer can avoid sabotaging your home purchase. Recap – Ways to Avoid Homebuyer Sabotage Stay Pre-Approved:  NO new lines of credit, minimum credit card usage, no late payments. Don’t Dilly Dally:  If you fall in love with a house, you will need to make an offer QUICKLY. Not Placing Your Best Offer the First Time:  The risk with a low offer is that you will not only sabotage your chances of negotiating with the seller but your offer might simply be rejected outright,  without a counter, or even ignored. Asking Too Much from the Seller:  Be careful about how much you ask for because a seller will weigh all the pros and cons, especially in a multiple offer situation, and not necessarily accept the one that was for the most money. Nit-Picking the Home Inspection:  Focus on the important repairs! Having Pre-Mature Buyers’ Remorse:  Once your offer has been accepted, the appraisal is done, the inspection is done, and everything is hunky-dory – STOP home-shopping!   Photo by PhotoMIX Ltd. from Pexels   About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on September 07, 2018

Summer at the Pond is coming to a close! It has been a truly amazing summer for Kelly and I.  We are so blessed to have had the opportunity to have helped some amazing clients realize their dream of homeownership.  We have also enjoyed lots of laughs of laughs in the process. Thank you to our clients for trusting us to help you begin a new chapter in your lives. Thank you to our team, our friends and our families for your help and support. We can’t get enough of these happy faces and can’t wait for the next adventure in the wild world of Real Estate! About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest, and Garner.

Posted on September 07, 2018

September is one of my favorite times of the year!  The weather is starting to get cooler and there are lots of things to do across the area.  The month of September boasts several great events across the Triangle; from music, beer, arts, motorcycles to pirates.  Yes…Pirates! Here is a rundown of some the events top September events across the Triangle area:   Hopscotch Music Festival Sept. 6-8 Over three days, nearly 150 bands across 12 venues in downtown Raleigh, the Hopscotch Music Festival has been named one of the can’t miss music events.   Headlining acts for this year include Grizzly Bear, Miguel, MC50, Liz Phair, Vic Mensa, The Flaming Lips, Nile Rogers & Chic and more. Hopscotch Music Festival   Beericana Craft Beer and Music Festival Sept. 8 The fifth annual Beericana Craft Beer and Music Festival will take place Saturday, Sept. 8, again at Sugg Farm Park in Holly Springs! This event features more than 70 breweries, nearly 20 local area food trucks and live music from many local area bands. A portion of the proceeds from Beericana goes to support the N.C. Craft Brewers Guild and other nonprofits. Beericana SPARKcon 2018 Sept. 13-16 SPARKcon, the totally-weird, totally-awesome creativity festival that takes over downtown Raleigh each Sept., is truly a grassroots event. The “for the people, by the people” approach uses an open-source planning process that allows more than 2,000 artists to be involved each year. Dance, fashion, music, film, food—if you can name it, you can find an event for it at the festival that spans nearly 15 city blocks. Apex Music Festival Sept. 15 Apex Music Festival Now in its eighth year, the Apex Music Festival attracts thousands of fans to historic downtown Apex to enjoy live music, street vendors, food trucks, beer and wine and an eclectic mix of shops and restaurants. Three outdoor stages and one indoor theater will host a variety of acts from local, regional and national performers from many musical genres—rock, folk, R&B, bluegrass, country and more. This year’s line up includes Shawn Mullins, Brass-A-Holics, Johnny Folsom 4, Beth Wood, David Lamotte the Johnny Orr Band and many, many more artists. BugFest Sept. 15 Experience more than 100 exhibits, crafts, games and activities at BugFest, North Carolina Museum of Natural Sciences’ annual event that lets you interact with entomologists and other scientists while learning about the fascinating world of bugs. Featuring the ever-popular Café Insecta, where the brave can sample buggy dishes prepared by local chefs. The best part? The event is totally free for the expected 35,000 attendees. This year’s theme: crayfish and other crustaceans! Centerfest Arts Festival  Sept. 15-16 As Durham’s signature arts festival, CenterFest showcases juried visual artists from near and far, and fills multiple stages with music, dance, and more from local performers.  CenterfestSerious art shoppers will be dazzled by world-class ceramics, paintings, jewelry, fiber art, woodwork, and everything in between – much of it from Durham and Triangle-based creators. Singers, dance troupes, choirs, bands, jugglers, magicians, and performers of every stripe will provide continuous entertainment throughout the weekend. Kids will have a blast at the Creative Kids Zone, food vendors will keep guests fueled for fun, and Durham’s inspiring nonprofit and government services sector will be on hand connecting with the community they serve. It all takes place in the heart of Durham’s historic downtown, a hub of local businesses and foodie culture that elevates the visitor experience! Capital City Bikefest Sept. 21-23 The country’s largest downtown motorcycle rally, this three-day, family-friendly event featuring musical performances, parades and plenty of sweet rides is tough to miss (and impossible not to hear!) in downtown Raleigh. Bike competitions, a tattoo festival, a classic car show, food trucks and much, much more are big draws for wildly diverse crowd. See Bikefest City of Oaks Pirate Fest Sept. 22 Ahoy, mateys! 2018 marks 300 years since the notorious pirate Blackbeard roamed the Carolina coast and lost his life—and his head—in a fight with British soldiers. At the City of Oaks Pirate Fest, held at the North Carolina Museum of History, you’ll learn more about the history of pirates in N.C., plus you’ll get to meet Captain Blackbeard, engage in sword fights, feast at local food trucks, participate in a costume contest, take on arts and crafts projects and more! International Bluegrass Music Association’s World of Bluegrass Week Bluegrass Ramble, Sept. 25-27 29th Annual International Bluegrass Music Awards Show, Sept. 27 PNC presents Wide Open Bluegrass, Sept. 28-29 The arrival of a toe-tappin’, banjo-strummin’ week of non-stop bluegrass in downtown Raleigh is one of the most anticipated times of the year. International Bluegrass Music Association (IBMA) brings their Business Conference, along with the world’s most talented bluegrass musicians, to Raleigh the last week of September. Those musicians perform in clubs for the Bluegrass Ramble, on street corners and in hotel lobbies—anywhere they can have a jam session throughout the week. Bluegrass Festival The week is capped off with the International Bluegrass Music Awards Show on Thurs. night, then the weekend PNC presents Wide Open Bluegrass, a two-day festival that sets up five stages of free music, a dance tent, a barbecue championship, tons of art vendors and more. The ticketed Main Stage at Red Hat Amphitheater will feature Ricky Skaggs & Kentucky Thunder with a guest appearance by Patty Loveless, a special collaboration between Alison Brown, Becky Buller, Sierra Hull, Missy Raines and Molly Tuttle (with guest appearances by Gillian Welch and Rhiannon Giddens), Leftover Salmon, The Earls of Leicester presented by Jerry Douglas, The Gibson Brothers and more.   N.C. Pride at Night Festival and Celebration Sept. 29 Thirty years ago, Raleigh’s first Gay Pride celebration was held on Sat., June 25, 1988. Participants, numbering more than 2,000, gathered at North Carolina State University’s Memorial Belltower on Hillsborough St. and marched to Capitol Square. On Sept. 29, 2018, participants will again honor the past and celebrate the future with a free street festival outside of Legends Nightclub, a leader in LGBT nightlife in the Raleigh area for more than 25 years. Raleigh NC Pride Durham NC Pride Parade The NC Pride Parade is the Tar Heel state’s annual gay, lesbian, bisexual, and transgendered festival, taking place each year in Durham. The parade draws thousands of costumed marchers alongside decorated floats and vehicles. Additional activities include a 5k run, festival vendors, speeches, and parties taking place around the Triangle. It’s a great opportunity to support an inclusive community. Visit event website. More Information on September events in Raleigh checkout VisitRaleigh.com More Information on September events in Durham check out the Durham events calendar. About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

Posted on August 30, 2018

Over the last several months, Kelly and I have worked with a number of first-time homebuyers. Being a first-time homebuyer can be tough. The Affordability Squeeze The Affordability Squeeze Affordability is at an all-time low for starter homes, and it’s making things tough for prospective first-time homebuyers to cross over from renting to owning. Demand for starter homes, pushed by increases in rental rates has pushed buyer demand for starter homes. A recent news story from Bloomberg noted that starter homes prices have past pre-recession levels and the typical first-time homebuyer needs nearly 23% of their income to afford the typical entry-level home, according to data from the National Association of Realtors. Across the Triangle area, there are a number of older neighborhoods featuring smaller, lower-priced homes that highly sought after by first time home buyers.  A few months ago, a client of mine called me about a small ranch home in a highly desirable area of Cary.  The home had been recently renovated and had many features sought by my client.  When we arrived at the home on a Saturday morning, there was a long line of real estate agents and their clients seeking to tour the home.  Ultimately, my client decided not to place an offer on that home but did find a great home in an adjacent neighborhood. Home in Cary   Buying Requires Patience & an Understanding of the Market This market requires patience!  Lots of patience and an understanding of the market. One of the things that Kelly and I do with all of our buyers is schedule a face-to-face meeting with all of our buyers before looking at a single property.  Our aim is to understand what is really important to our client.  Our second aim is to educate our clients about the market.  A huge part of our role is educating clients about the reality of this market. A Reality Check Once we have met with the client, we will ask them to meet with a local lender.  Reality check time!  One of our biggest tips is for our clients to meet with a lender and get pre-qualified before looking at houses.  It’s important for a first-time homebuyer, in fact, any buyer to have an understanding of what they can afford before looking at houses. Reality Check Last year, I had a young couple call me about a new listing in downtown Apex.  Downtown Apex is a very hot area.  Demand is very strong and prices have rapidly increased over the past many months.   My clients had been to several open houses and had fallen in love with a beautiful neighborhood close to downtown. Unfortunately, they did not qualify for their desired neighborhood.   Luckily, my clients found a great home in Fuquay-Varina that didn’t offer the central location they were looking for but did offer many of the home features that they desired. It is important to remember that you may not be able to get everything you want in your first home and it is important to have realistic expectations. Quick Tips   Here are some quick tips for the first-time homebuyer: 1) Get Pre-Approved:  As mentioned above, get pre-approved before looking at homes. Sellers typically won’t accept your offer unless it’s all cash or you have a lender’s letter saying you can get the financing you need to close the deal. Consequently, being pre-approved for a loan is crucial.   2) Prioritize Your Preferences: Make a list of what’s important to you and your family, whether it is location, condition, price or certain amenities, and be prepared to make sacrifices. 3) Know Your Budget 4) Be Realistic    5) Act Fast: If a house is listed Monday, don’t wait until Saturday to see it. 6) Get Educated:  Being well-informed about the local housing market — including knowing the prices of recently sold homes, taxes, the school district, etc. — can give you an advantage over experienced buyers who are out of touch with the trends. About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.      

Posted on July 24, 2018

Thinking About New Home Construction? Anyone that has driven around the Raleigh-Durham area has seen a large number of new home construction projects.  They are everywhere! If you are thinking about buying a new home, new home construction is a great way to go.  You can select your options, be the first to live in a home, enjoy the “new home smell”.  It all seems so easy.  You meet with a nice salesperson, you pick your lot, you pick your colors and your elevation and you are on your way! But hold on…!!!  New home construction is not that easy!  There are lots of things that can go wrong!  Here at Log Pond Realty, we have worked with many buyers looking at new home construction and we know that things can go sideways fast. In this segment of Getting Smart About Real Estate, we will highlight some of the reasons why you need a buyers agent for new construction! About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories are made, and lives are lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.

Posted on July 22, 2018

June is typically the busiest month in real estate across the Triangle and for Kelly and I, the month of June was no exception. June Stats – Triangle Real Estate Market Typically, June is the month where we see more listings, and more prospective buyers are looking at houses.  That was not the case this June.  Showings were down 17% and listings were down 8% compared to 2017.  It appears that the consistent lack of inventory; combined with the rise in sales prices, up 5% from 2017, are keeping prospective buyers on the sidelines. June Quick Stats While fewer people are looking, those buyers that are looking at houses are buying and the prices that they are paying continues to increase. Downtown Apex Pending home sales increased by 4%.  Home prices, both new home, and resale increased past the $300,000 mark for the 1st time ever.  Average new home prices increased to $325,000, while resale prices increased to $308,000. See market statistics here. July and August are generally slower for the real estate market as the summer vacation season ramps up. About Log Pond Realty @ RE/MAX United Home is where your story begins. A home is where hopes and dreams are born, memories made, and lives lived. We would love the opportunity to assist you with assisting you to write your new story. We can be reached via email at inquiries@logpondrealty.com or by phone at 919.589.3576. We service the Triangle region of North Carolina including Raleigh, Cary, Apex, Holly Springs, Morrisville, Fuquay-Varina, Durham, Chapel Hill, Wake Forest and Garner.  

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Steve PoirierLog Pond Realty