New Year, New Raleigh Home?

The New Year is upon us and it has many people in the Raleigh area considering a change. If purchasing a new Raleigh home is on the horizon for 2012, there are several things you need to consider.

First, interest rates are still extraordinarily low and banks are lending money. At the minimum, most loans are going to require 3.5% down, although there are still some 100% financing loan programs available. Speaking with an experienced Raleigh lender will help you navigate through the options to find the best solution for your lending needs. As your Realtor, I am always happy to recommend my favorite mortgage broker to you.

Second, Raleigh real estate prices are still relatively low. We have been lucky for the most part in North Carolina in regards to severely declining prices and foreclosures. With that being said, there are still great homes and low prices available. Once you’ve spoken to the lender, we can then discuss housing options that are available to you and fit your criteria. Many people are surprised to find out that they can purchase a home for less than they pay in rent each month!

Lastly, buying a home early in the year will provide you with several great tax advantages for a larger percentage of the calendar year. These tax breaks will help you with the overall cost of your home as well as providing you with an incentive to invest in your future.

Buying a home is an exciting and fun process. As your exclusive Raleigh Buyer’s Agent, it is my job to help guide you through this process to make it as seamless and enjoyable as possible. If you are interested in a consultation, please feel free to call or email me anytime.

January 9th, 2012 by Amy Tortorella

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