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Buying | Your Local Insight to Real Estate Blog

Friday, February 23, 2024   /   by Robert Hunt

January 2024 Durham Market Update

Take a look at the most recent market stats here!!
Exciting updates in the housing market! While existing-home sales saw a slight dip, pending sales surged, indicating a promising trend for homebuyers. With mortgage rates on the decline and NAR forecasting a significant increase in sales this year, now is the time to seize. 
January Summary: 
U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning to come out of the woodwork, with NAR forecasting a 13% increase in existing-home sales this year compared to 2023.

New Listings in the Triangle Region increased 17.2 percent to 3,507. Under Contract Sales homes decreased 0.4 percent . Inventory decreased 25.9 percent to ...

  buying, selling, technology, market update

Thursday, February 22, 2024   /   by Robert Hunt

Boost Your ROI: Top Projects to Tackle Before Listing Your Home

Boost Your ROI: Top Projects to Tackle Before Listing Your Home

Preparing to sell your home can be an overwhelming task, but strategic planning and execution can significantly impact your return on investment (ROI). By focusing on the right projects prior to listing, you can increase your home's appeal to potential buyers and maximize its selling price. In this blog post, we'll explore the best projects to undertake before listing your home to ensure you get the highest ROI possible.
Curb Appeal Enhancement:
First impressions matter, and the exterior of your home is the first thing potential buyers will see. Enhancing your home's curb appeal can make a significant difference in attracting buyers and setting a positive tone for their viewing experience.
Consider projects such as landscaping, exterior painting, power washing, and updating your front door and hardware. These relatively simple and affordable tasks can instantly boost your home's curb appeal and increase its perceived. ...

  buying, home search, getting started, mortgage, home ownership, selling, neighborhoods

Wednesday, February 21, 2024   /   by Robert Hunt

How to Find a Great Broker: Your Ultimate Guide

How to Find a Great Broker: Your Ultimate Guide

Your mortgage broker plays a pivotal role in your home buying journey, acting as the matchmaker between you and your loan. They meticulously analyze your financial situation and then scout for a lender that perfectly aligns with your needs. From submitting your application to negotiating the best rates and terms, your broker is your trusted ally throughout the loan process.
Finding a Good Broker
Securing a good mortgage broker is essential for getting the best rates and terms for your loan. Here are some tried-and-tested methods to find the right one:

1. Seek Recommendations: Start by tapping into your network. Friends and family members who have recently purchased or refinanced their homes can offer valuable insights and recommendations. Personal referrals often lead to trustworthy professionals who have delivered exceptional service.

2.Consult Your Realtor: Your real estate agent can be an invaluable resource in your quest ...

  buying, mortgage

Wednesday, January 31, 2024   /   by Robert Hunt

How to Improve Your Credit Score: A Step-by-Step Guide

How to Improve Your Credit Score: A Step-by-Step Guide

Your credit score is more than just a number; it's a reflection of your financial history and habits. Whether you're planning to buy a home or simply want to improve your financial health, a good credit score is essential. Here's how you can work towards boosting your credit score and securing better financial opportunities:
1. Get a Copy of Your Credit Report
Before you can begin improving your credit score, you need to know where you stand. Take advantage of your right to a free annual credit report from each of the major credit bureaus—Equifax, Experian, and TransUnion. Visit annualcreditreport.com to obtain your reports and review them for accuracy.
2. Report Credit Inaccuracies
Review your credit reports carefully for any errors or inaccuracies. Even small mistakes can negatively impact your credit score. If you spot any discrepancies, follow the steps outlined by the Federal Trade Commission (FTC) to dispute and ...

  buying, home search, getting started, mortgage

Tuesday, December 1, 2020   /   by Robert Hunt

What you need to know about debt to income ratio

What is Debt-to-Income Ratio?

Your debt-to-income (DTI) ratio compares the amount of debt you have to your overall income. Some people say that this number is just as important as your credit score, especially when you are applying for a mortgage. This is because lenders look at this ratio when deciding whether or not they are going to allow you to borrow money.

Your ratio will help your lender decide if you are a low risk or a high risk borrower. He or she wants to ensure that you will not be a potential liability to their business. Learn how to calculate your DTI, and what is considered a good ratio below.

What is a Good Debt-to-Income Ratio?

Typically, the maximum debt-to-income ratio you can have while still meeting the requirements for a qualified mortgage is 43%. However, a good ratio is usually thought to be at or below 36%. Having a DTI of 36% gives you a little more flexibility in case of a sudden change in your income and/or expenses. Of course, the low ...

  buying, mortgage

Hunt Group Realty
Robert Hunt
101 Cosgrove Avenue, Suite 200
Chapel Hill, NC 27514
919-951-1818

Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Copyright 2024 Triangle MLS, Inc. of North Carolina. All rights reserved. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property.” Listings were last updated July 21, 2024
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