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Your Local Insight to Real Estate Blog

Thursday, December 10, 2020   /   by Robert Hunt

Tips to increase your home's value

Many people may be considering how to improve their home in hopes of selling it for the highest price. Here are 6 tips that may help to increase your home’s value:

Hire a Professional Designer or Contractor for a Consultation

If you’re looking to get a head start on how to increase your home’s value, talk to a contractor or designer. They can visit and assess your home, consider your budget for improvements and provide a blueprint for changes you can make. Think of it as buying a turn-key instruction manual for increasing your home’s value!

Improve the Home Value by Improving Your "Curb Appeal"

Curb appeal—the attractiveness of your property when viewed from the street—represents your home’s first impression to potential buyers. Attractive curb appeal can drive up the selling price.

To ensure your home’s curb appeal is at its best, make sure the exterior of your home and the lawn are in top shape. From dressing up the ...

  home ownership, selling

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

Wednesday, November 25, 2020   /   by Robert Hunt


If you've been considering purchasing a new home, our research shows that putting off that decision any further could cost you. Here are a couple of key reasons that you should consider buying a home sooner rather than later:

Housing prices are healthy and growing. In fact, in 2015, prices increased 5.7 percent on average in the United States according to the S&P Case-Shiller U.S. National Home Price Index, and they're expected to continue on that trajectory. At this rate, a $200,000 home could cost you $211,400 next year and $223,450 in just two years.

Interest rates are still low. According to Freddie Mac, the average rate on a 30-year mortgage in 2015 was just 3.85 percent. If you had a $200,000 mortgage at this rate, your payment would be $938 a month. However, the Federal Reserve may raise rates in the near future. At 8.90 percent, which is the historical average interest rate, your payment would be $1,595. That's a potential increase of $657 a month!
Our commitment t ...

  buying, home search, getting started

Monday, November 23, 2020   /   by Robert Hunt


When buying a new home, you want to feel confident that it has the potential to grow in value over time. We recognize that many factors must be carefully considered when choosing a home, and we can help you sort through all of the details in order for you to feel more secure in your decision.

Choosing the right home and neighborhood that meet all of your needs will help you feel happier with your home for longer. This will allow for you to take advantage of any possible appreciation in your home's value. Our diligent research identifies which homes and neighborhoods meet your requirements and match your lifestyle.
Purchasing your new home at a fair price could increase the chance for a higher return on your investment when you decide to sell. By identifying motivated sellers, we'll negotiate the best price possible.
A home that needs significant repairs or updates may not be a wise investment. Walking you through the home inspection process and connecting you with our network of t. ...

  buying, getting started, home search

Monday, November 23, 2020   /   by Robert Hunt

Is This The Right Neighborhood for YOU!?!?!

Choosing a home is tough, and if you're choosing a new neighborhood, it can be even tougher. Here are four of my favorite tips to see if an area is right for you: 

CHECK OUT THE BASIC STATS.  Crime data, both the volume of crime and the types of crime, and school performance data are important when thinking about what's best for your family. 
SEE WHAT THE NEIGHBORS ARE DOING.  Get a sense of local activities, and see if it looks like a place with frequent block-parties or if people may keep more to themselves. 
LEARN THE TRAFFIC PATTERNS.   Find out if there are frequent jams, or if a nearby farmers' market limits road access during weekends. 
LOOK FOR LOCAL AMENITIES.   Make sure you explore the area to find things that matter to you, like local coffee shops or parks.

Our commitment to locating your dream neighborhood is the key to finding your new home. Contact us today to begin your home search! ...

  buying, home search, neighborhoods

Hunt Group Realty
Robert Hunt
101 Cosgrove Avenue, Suite 200
Chapel Hill, NC 27514

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