Announcement | New Jobs Coming to Davie County - Advance NC

 

$120 million in new investment and 400 fresh jobs: that's more than a headline, it's a signal of long-term growth for Davie County. 🚀 When a national manufacturer like ProVia sets roots, it changes the landscape for everyone involved.

Beyond the job numbers, this kind of facility brings a domino effect to the local economy. Real estate demand often rises as employees look to live closer to work. Local businesses, from restaurants to service providers, tend to see more foot traffic and opportunity. For Advance and nearby communities, a project of this scale can elevate everything from local infrastructure to home values. 🏡

Here’s the practical impact: major capital infusion doesn’t just bring immediate hiring. It helps reposition Davie County as a magnet for future business and residential growth. When new facilities open their doors, it often sparks momentum that benefits both long-time locals and newcomers alike.

If you live or work in the area, how do you see this investment shaping your plans, professionally, personally, or as a community? I’d like to hear your perspective. 👀

We believe every family should feel confident when buying and selling their Winston Salem and Lake Norman Area Home.

#RealEstate #winstonsalemrealestate #propertrymanagement #clemmonsrealestate #lakenormanrealestate,

Winston Salem - Understanding What Makes Your Home Sell

 

Selling your property is a big decision so it's critical to work with a trustworthy professional who will get the job done right.

Feel confident that you are working with someone who uses the best tools and technology to sell your property for the most amount of money in the least amount of time. Rest assured that the selling process will be managed with transparency and constant communication, knowing every detail will be taken care of.

Your property will be marketed using strategies that target where buyers are actively searching, both online and in person. Your listing will stand out with captivating photography, compelling content, and a flawless presentation to impress buyers both online and in person.

        The Selling Process

Let's meet and talk about your selling goals

By gathering a clear understanding of your goals and learning the details of the selling process, you’ll know what to anticipate. Using comparable property data determines the optimal list price and projected time on the market. Innovative technology is used to market your listing and manage the entire transaction, guaranteeing every detail and question is addressed. And, you’ll receive updates through every step of the process so you are fully informed about the progress of your home sale.

Use the most accurate methods to price your home

The right price for your property is determined by current market conditions, not by an agent, seller, or buyer. Using up-to-date market data to compare your property to 5 active, 5 pending, and 5 recently sold properties combined with in-depth knowledge of market statistics ensures your property is priced and marketed correctly so it sells when you want for the price you deserve.

The best photography, virtual tours, 3D walkthroughs and videos

Today's home buyers have access to more information than ever. They know which homes they want to see and have already rejected listings with too few or subpar photos. It is absolutely vital that your online listing includes high-impact photography to make lasting first impressions and compel buyers to schedule showings.
Creating a virtual tour or 3D walkthrough allows potential buyers to see more than photos, providing an immersive experience that showcases the full layout of the property right from the comfort of their device. Virtual tours are a key element of a comprehensive and successful home sale strategy.

92% of buyers search for properties online

The best strategies and resources market your property where buyers are looking. The more buyers who see your property, the faster it sells. Your property will be marketed across multiple channels, including agent websites (this one included), popular home search portals, search engines, and social media platforms. This multi-faceted approach and extensive exposure will move your listing from active to sold in the least amount of time.

Contact me to discuss all facets of selling your home.

Winston Salem | An Agents Take on offering of compensation in the MLS

 

On this week's episode of Real Estate Insiders Unfiltered, California agent Chris Cragnotti shares his experience working with sellers who chose not to include an offer of compensation in the MLS, 10 months before it was required. He describes the conversations he's had with clients, the responses of buyer agents and how the deals went down.  

See why eliminating upfront offers of comp is 'nothing to be afraid of': Many agents are just starting to talk with clients about industry rule changes, but Cragnotti has been doing it since November. After the Sitzer/Burnett verdict was announced, "we knew what the DOJ wanted," he said. 

So how did sellers react? His first conversation was "super easy." Transparency and education have been key.

"I realized that I had a fiduciary obligation to explain to my sellers that this pathway existed, that not only do they not have to offer compensation, but the buyer can can now ask them in the purchase agreement. And I explained to every one of my sellers, you're very likely going to be asked to pay compensation, and I think it's a great insurance policy. They should have their own representative. It protects you, it protects me. It's better and it's worth your money to do it. You can still say no. You'll be able to negotiate it."

Were buyers (or their agents) scared away? Removing an offer of compensation has not impacted Cragnotti's business or his sellers. All of his recent listings have sold — many for above asking — and the change, he said, has ultimately been "a big nothing."

"What I think all the other agents gleaned from the experience was that, oh, it's just an extra a piece of paper we have to do. It's a conversation I have to have with my buyers now, a conversation we probably should have been having all along anyway. But at the end of the day, you know, it's just really easy and it will become easier."

Winston Salem | Your Listing Agents Directive

 

In real estate, a fiduciary is an agent who has a legal obligation to act in the best interests of their clients, rather than their own. This is known as a fiduciary duty. The National Association of REALTORS® created an acronym to help real estate agents remember the key points of fiduciary duty, which is "OLD CAR": obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care and diligence.

Starting August 17th, buyers will meet with an agent and sign a buyer representation agreement before seeing a property on the MLS, laying out the terms of that engagement including the compensation the agent will be paid for those services. We all know that buyer agent compensation will vary from agent to agent, market to market, company to company, etc. With that in mind, as a listing agent, acting as fiduciary to your seller, why would you in advance of an offer from the buyer, advertise what your seller is willing to pay in buyer agent compensation or concessions, knowing that every buyer's financial situation is different, and what they agreed to pay their buyer's agent might be different as well? You're literally telling a buyer what your seller is willing to give up to make a deal come together in advance of an offer. This "might" make some sense in a buyer's market, but certainly not a "normal" or "seller's market". I bring this up because I've had two lawyers now tell me, breach of fiduciary duty claims could rise against listing agents, if they continue to advertise specific amounts for offers of compensation or concessions in advance of an offer, "potentially" resulting in the seller leaving money on the table.

The best approach going forward for everyone is simply this: "Seller is willing to entertain any and all requests, put it in your offer". Let the offer dictate your response and strategy for putting a deal together with the buyer. If a buyer's agent calls you and asks if your seller is offering compensation or concessions, simply state: "Our seller is willing to entertain any and all requests from your buyer, please just put them in your offer". What if the offer includes amounts significantly less than what your seller was willing to offer in compensation or concessions in advance? Let the buyer request what they want or need to put a deal together. It's a negotiation... LET THEM MAKE THE FIRST MOVE!

Contact me and I will explain this new confusing process.   

Summary Of MLS Policy Chages Due to NAR Ruling

Coming very quickly are changes to the way we do business as Real Estate Brokers.   If you are thinking of buying or selling a home or just are researching what is going on, please feel free to reach out to me and we can discuss!

Pursuant to the requirements of the proposed Settlement Agreement, the MLS policies and model MLS governing documents were reviewed and updated with the key changes below.

1. Eliminate and prohibit any requirement of offers of compensation in the MLS between listing brokers or sellers to buyer brokers or other buyer representatives. 

 2. Retain, and define, "cooperation” for MLS Participation. 

3. Eliminate and prohibit MLS Participants, Subscribers, and sellers from making any offers of compensation in the MLS to buyer brokers or other buyer representatives. 

4. Require the MLS to eliminate all broker compensation fields and compensation information in the MLS. 

 5. Require the MLS to not create, facilitate, or support any non-MLS mechanism (including by providing listing information to an internet aggregator’s website for such purpose) for Participants, Subscribers, or sellers to make offers of compensation to buyer brokers or other buyer representatives. 

6. Prohibit the use of MLS data or data feeds to directly or indirectly establish or maintain a platform of offers of compensation from multiple brokers or other buyer representatives. Such use must result with the MLS terminating the Participant’s access to any MLS data and data feeds. 

7. Reinforce that MLS Participants and Subscribers must not, and MLSs must not enable the ability to, filter out or restrict MLS listings that are communicated to customers or clients based on the existence or level of compensation offered to the cooperating broker or the name of a brokerage or agent. 

 8. Require compensation disclosures to sellers, and prospective sellers and buyers. 

 9. Require MLS Participants working with a buyer to enter into a written agreement with the buyer prior to touring a home. 

These policy changes were approved by the NAR Leadership Team and will be effective on August 17. For additional information go to: https://www.nar.realtor/the-facts

Disclosing Material Facts By Seller

 At Carolina Living Real Estate, we are always trying to educate our clients on various real estate subjects.  Below is a good one for property owners to understand.   As always, you can call us to discuss anything.  

 Below is an article posted on the Realtor website.

You must disclose even if can't be detected by usual means!   See WHY!

QUESTION: Offer to Purchase and Contract (Form 2-T) – The seller failed to disclose a defect related to the property. Can my client terminate and get their Due Diligence Fee back?

ANSWER: A seller ordinarily is not required to disclose facts about their property. However, a seller must disclose material facts when such facts are only known to the seller and not within the diligent attention, observation, and judgment of the buyer. In other words, if there is a material latent defect on the property only known to the seller, and the buyer cannot discover the defect through reasonable diligence, the seller has a mandatory duty to disclose.

If a buyer goes under contract, and it is later revealed that the seller failed to disclose a mandatory material fact or made a misrepresentation that the buyer reasonably relied upon, then the buyer could have several legal claims. The claims would vary case to case, but if successful, the buyer could be entitled to damages. Such damages could be the amount necessary to place the buyer back in the same position they would have been had the offer not been made in the first place. That amount would at least include the Due Diligence Fee. Some claims available to the buyer could award substantially more damages, plus an award of attorney’s fees.

Winston Salem | Case Study about Material Facts When Selling Your Home

Note:   This also applies to those sellers that try to Sell the home themselves! 

QUESTION: I represent a seller. The house went under contract and the buyer engaged a home inspector. During the due diligence period, the buyer submitted a Due Diligence Request and Agreement (Standard Form 310-T) that listed several requested repairs. Some of the repairs were significant (an HVAC unit that must be replaced) and some were extremely minor (door stops that needed adjusting). The parties were unable to reach agreement on the repairs and the buyer terminated the contract. Now that the house is back on the market, do I have to disclose all of the items that were listed on the first buyer’s Form 310-T, even the minor ones?

ANSWER: The general rule, which is codified in both the North Carolina Real Estate License Law and the REALTOR® Code of Ethics, is that real estate agents must make a full and prompt disclosure of all facts that are material to a transaction they are involved in. The duty of disclosure relates not only to material facts the agent knows but also to material facts about which the agent should reasonably have known.

Defining what facts are material is admittedly difficult. In the Real Estate Manual published by the North Carolina Real Estate Commission, the authors write: “[A]ny definition necessarily will be somewhat vague because the concept is intended to have broad application, thereby defying specific definition. This is complicated by the fact that a given fact may be considered “material” and require disclosure in one context, but not in another. In its broadest sense, a “material fact” may be said to be any fact that is important or relevant to the issue at hand.”

When dealing with facts about the property itself, the Real Estate Manual states that any “significant property defect or abnormality” is a material fact. Examples given are a structural defect, a malfunctioning system, a leaking roof, or a drainage or flooding problem.

Applying this guidance to the facts here, it is important to distinguish between what the listing agent was told and what the agent knew. If the buyer in this case merely requested that the HVAC system be replaced without providing a report by a qualified inspector, the listing agent arguably does not know that the HVAC unit really requires replacement. However, at a minimum, the request for this “repair” is a red flag and the listing agent should inquire further. If buyer number one did provide an inspection report that noted a faulty HVAC unit, or if the agent confirms a problem with the HVAC unit, the agent will clearly have a duty to disclose that defect to subsequent buyers.  It does not matter that this fact was not known when the property was originally listed for sale, nor does it matter that a previous buyer (or their inspector) was the source of the listing agent’s knowledge.

In contrast, just because the listing agent has learned that some doorstops may need adjusting does not transform that exceedingly minor “defect” into a material fact. That is not something that needs to be investigated further or disclosed to subsequent buyers. Other examples of non-material defects include a dripping faucet, and cosmetic items like scratches on a hardwood floor and cracked ceramic tiles.

Increase The Value Of Your Home

 Oftentimes, I get asked by seller clients ‘how can we increase the value of our home?’ or ‘what can we do to sell for the highest price’  As you can imagine, this is a very broad question with many potential answers.   

Let’s assume for this discussion that you are not looking at major renovations.   Major renovations require that we do a thorough analysis of current value, future value and the ability to recoup the cost of the renovations.  

Minor renovations are often more cost-effective than major renovations. Minor kitchen upgrades provide a good example – say, replacing an old sink with a shiny stainless-steel model, installing better faucets, replacing cabinet door knobs, refinishing/painting cabinet doors, or doing other relatively minor jobs.  The kitchen will often sell the house!  Make it stand out!

Presentation is considered essential to increasing the value of your home and to selling it quickly.  Relatively small changes can keep buyers focused on what’s best about your home.  Making sure the home is thoroughly cleaned, all lights work properly, the exterior (where applicable) is well kept.   

 

Lastly, I tell people that the 1st place to start is for them to recall back to the time they were buying.  What stood out to them and what was the most important aspect of the home they purchased.  Keeping this in mind will go a long way towards meeting your goals.

About Roby Robertson - Stiving To Be Your Winston Salem Area Realtor

 

I am:

Easy going family man passionate about helping people.   My friends see me as an athletic person, lover of sports, fun and my family. 

I am a good communicator, and I am real estate knowledgeable, patient with people and have a desire to educate about our options and transactions.  

I want: 

People to see me as an intelligent, smart real estate agent that goes above and beyond for his clients. I want people to know I’m very knowledgeable about the real estate market and how buying and selling a home succeeds best.  I’m also a man of family and love to golf.

Winston Salem | Today’s Housing Market Is Nothing Like 15 Years Ago

 

There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at key variables now compared to the last housing cycle, there are significant differences.

In the latest Real Estate Forecast Summit, Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), drew the comparisons below between today’s housing market and the previous cycle:

Looking at the facts, it’s clear: today is very different than the housing market of 15 years ago.

There’s Opportunity in Real Estate Today

And in today’s market, with inventory rising and less competition from other buyers, there’s opportunity right now. According to David Stevens, former Assistant Secretary of Housing:

“So be advised…this may be the one and only window for the next few years to get into a buyer’s market. And remember…as the Federal Reserve data shows…home prices only go up and always recover from recessions no matter how mild or severe. Long term homeowners should view this market…right now…as a unique buying opportunity.”

Bottom Line

Today’s housing market is nothing like the real estate market 15 years ago. If you’re a buyer right now, this may be the chance you’ve been waiting for.

Winston Salem | Your Checklist To Get Ready To Sell

Carolina Living Can Save You Money !

Some Highlights

• When it comes to selling your house, you want it to look its best inside and out.
• It’s important to focus on tasks that can make it inviting, show it’s cared for, and boost your curb appeal for prospective buyers.
• Let’s connect to make sure your house shows well and catches a buyer’s eye.

Winston Salem | What Do Experts Say About Today’s Mortgage Rates?

 

More information From Carolina Living Real Estate

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates present buyers with an incredible opportunity. Here’s what they have to say:

Sam Khater, Chief Economist at Freddie Mac, points out the historic nature of today’s rates:

“As the economy works to get back to its pre-pandemic self, and the fight against COVID-19 variants unfolds, owners and buyers continue to benefit from some of the lowest mortgage rates of all-time.”

Mark Fleming, Chief Economist at First American, talks about how rates impact a buyer’s bottom line:

“Mortgage rates are generally the same across the country, so a decline in mortgage rates boosts affordability equally in each market.”

Danielle Hale, Chief Economist at realtor.com, also notes the significance of today’s low rates and urges buyers to carefully consider their timing:

“Those who haven’t yet taken advantage of low rates to buy a home or refinance still have the opportunity to do so this summer.”

Hale goes on to say that buyers who don’t act soon could see higher rates in the coming months, negatively impacting their purchasing power:

“We expect mortgage rates to fluctuate near historic lows through the summer before beginning to climb this fall.”

And while mortgage rates are still low today, the data from Freddie Mac indicates rates are fluctuating ever so slightly right now, as they moved up one week before inching slightly back down in their latest release. It’s important to keep in mind the influence rates have on your monthly mortgage payment.

Even small increases can have a big impact on what you pay each month. Trust the experts. Today’s rates give you opportunity and flexibility in what you can afford. Don’t wait on the sidelines and hope for a better rate to come along; the rates we’re seeing today are worth capitalizing on.

Bottom Line

Mortgage rates hover near record lows today, but experts forecast they’ll rise in the coming months. Waiting could prove costly when that happens. Let’s connect today to discuss today’s rates and determine if now’s the time for you to buy.

Expert Insights on the Budding Spring Housing Market

Carolina Living Real Estate Can Help You and Save YouMoney

Experts agree the housing market is set to bloom this spring. 

Let's connect to make sure you're ready to buy or sell this season. Never overpay 6% to sell your home!

Call for a free comparitave analysis!

To Renovate or Not To Renovate Before You Sell Your Winston Salem Area Home

 

Carolina Living Can Help you through the process AND save you money!

When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing for available homes right now, renovations may not be as vital as they would be in a more normal market. Here are two things to keep in mind if you’re thinking of selling this season.

1. There aren’t enough homes for sale right now.

A normal market has a 6-month supply of houses for sale, but today’s housing inventory sits far below that benchmark. According to the National Association of Realtors (NAR), there’s only a 1.9-month supply of homes available today. As a result, buyer competition is high and homes are only on the market for about 21 days, during which time many receive multiple offers from hopeful buyers.

In a competitive market that’s moving so quickly, it makes sense to sell your house when buyers are scooping homes up as fast as they’re being listed. Spending costly time and money on renovations before you sell might just mean you’ll miss your key window of opportunity. While certain repairs on your house may be important, your best move right now is to work with a real estate advisor to determine which improvements are truly necessary, and which ones are not likely to be deal-breakers for buyers.

Today, many buyers are more willing to take on home improvement projects themselves in order to get the home they’re after, even if it means putting in a little extra work. Home Advisor explains:

“When it comes to the number of home improvement projects completed, Gen Z homeowners are leading the pack, completing an average of 3.5 projects. Millennials closely follow Gen Z, taking on an average of 3.3 projects, followed by Gen X at 2.8 projects. Boomers completed an average of 2 projects, and the Silent Generation completed the fewest projects, on average, at 1.8 per household. Compared to 2019, millennials are spending 60% more on home improvement and doing on average 30% more projects.”

In this market, it may be wise to let future homeowners remodel the bathroom or the kitchen to make design decisions that are best for their specific taste and lifestyle. As a seller, your dollars and time might be better spent working on small cosmetic updates, like refreshing some paint and power washing the exterior. Instead of over-investing in your home with upgrades that the buyers may change anyway, work with a real estate professional to determine the key projects that will maximize your listing, without overdoing it.

2. Focus on getting a good return on your investment.

When planning any bigger projects to tackle, you and your real estate agent will want to discuss the potential return on your investment and if those projects are worth the cost. Some homes do need a kitchen or bathroom renovation, roof repairs, or other major work, but definitely not all of them. You might be surprised by how well your house could fair in today’s sellers’ market. Hanley Wood states:

“The 2020 Cost vs. Value report shows a predictable increase in costs for all 22 remodeling projects but a consistent dip in the perceived value of those projects at the time of home sale, as estimated by real-estate professionals in more than 100 metro areas across the U.S. This results in a slight downturn on the return on investment for nearly all projects relative to the trends we saw in last year’s report.”

Ideally, homeowners getting ready to move should try to avoid over-investing in big renovations if they won’t make that money back when they sell their house. According to the 2020 State of Home Spending report from Home Advisor:

“The average household spending on home services rose to $13,138, an increase over last year’s survey results, where homeowners who did projects spent $9,081 on average in 2019.”

Before you renovate, contact a local real estate professional to see if it’s the best course of action. You may find out that putting your house on the market as-is will help you sell quickly, and it may result in the best return on your investment. Every home is different, but a conversation with your agent is mission-critical to make sure you make the right moves when selling this season.

Bottom Line

We’re in a strong sellers’ market, and that means you have the leverage to sell your house on your terms. Let’s connect today to determine if renovating is really the best way to spend your time and money before you sell.

Is It a Good Time to Sell My Winston Salem Area House?

 Never Pay 6% to See Your Home.  Call Carolina Living Real Estate.  

We are Professional, Experienced and Patient!

Last year, many homeowners thought twice about selling their houses due to the onset of the health crisis. This year, however, homeowners are beginning to regain their confidence when it comes to selling safely. The latest Home Purchase Sentiment Index (HPSI) by Fannie Mae shows that 57% of consumers believe now is a good time to sell.

Doug Duncan, Vice President and Chief Economist at Fannie Mae, explains:

“Overall, the index’s monthly increase was driven largely by a substantial jump in the share of consumers reporting that it’s a good time to sell a home, with many citing favorable mortgage rates, high home prices, and low housing inventory as their primary rationale.”

Normally, spring is the busiest season in the housing market – the time when many homeowners decide to list their houses. While this is obviously not a normal year since the pandemic is still very much upon us, experts are optimistic that consumer positivity around selling will lead to more homeowners making moves this year. Duncan continues to say:

“We will pay close attention to see if this newfound optimism develops into a trend.”

What does this mean if you’re thinking of selling your house?

The fact that there are so few houses available for sale today is one driver that’s encouraging consumers to think more positively about selling. The National Association of Realtors (NAR) states:

"Total housing inventory at the end of January amounted to 1.04 million units, down 1.9% from December and down 25.7% from one year ago (1.40 million).”

With so few homes available to buy, your house will be more likely to rise to the top of an eager purchaser’s wish list in this competitive market. Today’s high buyer activity is creating upward pressure on home prices and more multiple-offer scenarios. According to the Realtors Confidence Index Survey from NAR, the average home for sale is receiving 3.7 offers today, up from 2.3 offers just one year ago. This makes selling even more enticing.

In this kind of sellers’ market, you have a huge advantage in the process. And here’s another win – you can also use your equity toward a down payment on a new home when you move.

Wondering where you’ll go if you try to move while it’s so challenging to find a home to buy? Well, in many areas, there are more homes available at the higher end of the market, so finding a move-up home may be less of an issue if you’re ready to search for your dream home this spring.

Bottom Line

If you pressed pause on selling your house last year, now may be the best time to put your plans back into motion while inventory is so low. Let’s connect today to get the process started.

The Reason Mortgage Rates Are Projected to Increase

 What does this mean for Winston Salem Area Clients?

We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of these remarkably low rates over the last twelve months. However, there’s no guarantee rates will remain this low much longer.

Whenever we try to forecast mortgage rates, we should consider the advice of Mark Fleming, Chief Economist at First American:

“You know, the fallacy of economic forecasting is don't ever try and forecast interest rates and/or, more specifically, if you're a real estate economist mortgage rates, because you will always invariably be wrong.”

Many things impact mortgage rates. The economy, inflation, and Fed policy, just to name a few. That makes forecasting rates difficult. However, there’s one metric that has held up over the last fifty years – the relationship between mortgage rates and the 10-year treasury rate. Here’s a graph detailing this relationship since Freddie Mac started keeping mortgage rate records in 1972:There’s no denying the close relationship between the two. Over the last five decades, there’s been an average 1.7-point spread between these two rates. It’s this long-term relationship that has some forecasters projecting an increase in mortgage rates as we move throughout the year. This is based on the recent surge in the 10-year treasury rate shown here:The spread between the two is now 1.53, indicating mortgage rates could rise. Actually, a bump-up in rate has already begun. As Joel Kan, Associate VP of Economic Forecasting for the Mortgage Bankers Association, reveals:

“Expectations of faster economic growth and inflation continue to push Treasury yields & mortgage rates higher. Since hitting a survey low in December, the 30-year fixed rate has slowly risen, & last week climbed to its highest level since Nov 2020.”

How high might they go in 2021?

No one knows for sure. Sam Khater, Chief Economist for Freddie Mac, recently suggested:

“While there are multiple temporary factors driving up rates, the underlying economic fundamentals point to rates remaining in the low 3% range for the year.”

What does this mean for you?

Whether you’re a first-time buyer or you’ve purchased a home before, even an increase of half a point in mortgage rate (2.81 to 3.31%) makes a big difference. On a $300,000 mortgage, that difference (including principal and interest) is $82 a month, $984 a year, or a total of $29,520 over the life of the home loan.

Bottom Line

Based on the 50-year symbiotic relationship between treasury rates and mortgage rates, it appears mortgage rates could be headed up this year. It may make sense to buy now rather than wait.

4 Ways Your Winston Salem Agent Will Steal Your Heart

  Carolina Living Real Estate and Roby Robertson believes every family should feel confident when buying and selling a home.

 

Having a trusted professional on your side gives you the confidence you need if you're buying or selling a home. Let's connect to make sure your questions are answered every step of the way.

Financial Fundamentals for Homebuyers

 

Contact Carolina Living Real Estate to Help you get started.

Some Highlights

• When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses.
• From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning.
• Let’s connect today to make sure you have an introduction to a trusted lender and the best possible real estate guidance as you begin your homebuying process.

Winston Salem - Things to Avoid after Applying for a Mortgage

 Tips from Roby Robertson and Carolina Living Real Estate

Some Highlights

• There are a few key things to make sure you avoid after applying for a mortgage to help make sure you still qualify for your loan at the closing table.
• Along the way, be sure to discuss any changes in income, assets, or credit with your lender, so you don’t unintentionally jeopardize your application.
• The best plan is to fully disclose your intentions with your lender before you do anything financial in nature.