Jim Allen Blog

This is the first of a series of post on the types of property disclosures you must receive from a Raleigh home seller. And remember this important point, it makes no difference if the home, townhome or condo is being sold by a Raleigh real estate agent or a for-sale-by-owner (FSBO), everyone must comply with the law. Some of these disclosures apply only to condos (built on/after Oct. 1, 1986) like the Condo Resale Certificate while others are applicable for homes built after 1978 (lead-based paint disclosure). Every Raleigh home buyer must receive the Residential Property Disclosure Statement (does not include new homes but does include single-family homes and dwellings up to 4 family units).

The three (3) primary disclosures that I will cover in this series includes the:

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Contrary to what you may know, a land survey is not required (in most cases) to buy a home in the Triangle. While it might not be required by your mortgage lender, it is always a good idea to purchase a survey for your Raleigh single-family home or townhome. Why? Do you think Triangle homeowners move around those pretty little stakes with the fluorescent orange flags? Sure they do! And in the majority of the cases, it’s to give the appearance that their lot is actually larger than it really is.

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Mortgage Interest Rates are Going Up!

I’m not sure if you have noticed lately but mortgage interest rates to finance your new or existing Raleigh home purchase have been heading north. If you have good credit, cash for a down payment, earnest money and your closing cost, and you’re wondering if now is the best time to buy a home here in the Triangle, just remember, your choices are plentiful.

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The Fuel that Keeps The Triangle’s Economy Humming Along!

While the Raleigh real estate market is considered “so-so” when compared with the robust “go-go” years of 2002-2006, one facet of the Triangle economy that continues to hum right along is the local job market. One only has to observe the business media to read headline after headline of accolades the greater Raleigh, Durham and RTP area’s enjoy with job creation, sustained livability and quality of life. One of the local leaders in job creation is the pharmaceutical sector.

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Recently, Raleigh Newspaper - News & Observer reporter Stacy Downs wrote a story on Generation Y Home buyers. If you’re not a member of the Y generation and you’re trying to figure out who they are, Gen Y’s were born from 1978-1994. Other names for Gen Y’s include “Millennials”, “Echo Boomers”, “the Internet generation”, and “Nexters”.

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Because all of us here at The Jim Allen Group are so involved in custom new home construction in the Triangle, we keep our fingers on the collective pulse of the Raleigh real estate market and Triangle area custom home builders. It helps to let Raleigh new home buyers know what are the latest must-have features builders are adding to their mid-priced custom new homes around the Triangle. Even families moving to the Triangle are bringing with them similar request for these highly popular features. Checkout what’s new with new construction in the Triangle:

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Due to the overwhelming popularity of Raleigh, many new home buyers are asking what hotels we recommend to those coming to the Triangle for a house hunting trip. Because the Triangle is such a strong business center, finding available hotel rooms especially during the week can be a bit of a challenge. We are always available and happy to assist with your hotel needs if you are coming to the Triangle to view homes for sale in our area.

Some of the better Triangle area hotels our clients have used in the past include:

• Sheraton Raleigh Hotel Downtown (919) 834-9900
• Raleigh Hilton - North Raleigh (919) 872-2323
• Embassy Suites Hotel Raleigh-Crabtree (919) 881-0000
• Marriott Hotels & Resorts Raleigh Marriott (919) 781-7000
• Extended Stay Hotels Inc - Raleigh (919) 829-7271
• The Umstead Hotel and Spa - Cary (919) 447-4000
• Homestead Raleigh - Crabtree Valley (919) 510-8551

More Raleigh Hotel Choices Coming Soon

If you’re planning a move to Raleigh around the first of 2009, your choices for available hotel rooms will be greater. The North Hills Renaissance Hotel is scheduled to open in early 2009. Located just down the road from the offices of the Jim Allen Group, this beautiful new hotel will offer conveniences galore! Located right in the middle of the new North Hills business and shopping district, guest will be offered many dining and shopping choices. Some of the in room amenities available to each hotel guest at the new Renaissance Hotel include:

• Free wired and wireless high speed internet access
• A 37″ high-def TV in the room (with jacks for accessory connectivity)
• A 15″ high def TV in the bathroom
• Refrigerator
• Safe
• 300 thread-count sheets
• Complimentary parking

Contact Us Today

If you are thinking about relocating to the Triangle area of North Carolina and need assistance with arranging your local lodging, please leave a message or contact the Jim Allen Group for all your Triangle home buying needs.

Your Raleigh real estate specialist,

Jim Allen

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