Looking for a great community with security, amenities and at a great price? Try to find a better value than Pineville East at Flowers Plantation.

Pineville East at Flowers Plantation is a beautiful gated community at Flowers Plantation in Clayton. The community includes a beautiful clubhouse with indoor/outdoor pools, tennis, walking trails, professional grade fitness equipment, juice bar, etc…. The schools are top notch and the location is close to everything. The homes range from 2221 sq.ft. to 3305 sq.ft. and they are priced from 250k to 320k. Each home has at least 1/3 acre, fiber cement siding, 30 year architectural shingles, granite or solid surface countertops in kitchen and hardwood flooring to name a few of the beautiful features. You’ll want to consider this terrific community for your next home. Pineville East at Flowers Plantation has a lot to offer for a very attractive price.

The PolingTeam would love to represent you on your next home purchase as your buyers agent. Email or call Art for Current Inventory.

I ams going to work part-time with Prestige Lending he can probably give you the lowest rate available on a number of different loan options, especially in regards to re-financing. Now is a very good time to refinance as rates are at all time lows. There is a lot of misinformation out there regarding the ability to get a loan, but the fact is that if you have a good credit score and job history, money is available. There are even first time homebuyer down payment assistance programs that are still available as well.

Weekend rates are as low as:  5.125 % for a 30 year fixed rate loan*** when you have a credit score of at lease 739 and are currently employed with a good employment history

***Loan Amounts <$150,000 and 80/15/5 combo’s are slightly higher.
***Investor loans available.  Call for quotes.

So, if you are interested in lowering your house payments or need to cash out some of your home equity for a worthwhile purpose, give Art a call or you can email him at artpoling@kw.com.

If you are a licensed real estate broker in North Carolina and are still needing to take your required 4 hour update course, I am teaching the course tomorrow afternoon at Legacy Real Estate School. Class size is small and the session will be interactive.

Costs is only $55 and we provide the materials.

Class will begin promptly at 1:30 PM.  Walk ins are welcome or you can register on-line at Legacy Real Estate School.

Legacy Real Estate School
2431 Spring Forest Road, Suite 175
Raleigh, North Carolina 27615
919-861-6500

The Sky is Falling, the Sky is Falling! Or at least so said Chicken Little. If one listens to the main stream news organizations one might conclude the same about the real estate market – even in the Triangle area of North Carolina.

Don’t get me wrong, Raleigh area home sales have been dramatically impacted by the national real estate marketplace and the national economy. Wake County home sales continued to decline in September 2008 as compared to September of last year. Yet, Triangle Area homes appreciated an average of 4.8% this year.

While this is not the double digit gains of the past California boom times, the rate is significant when compared to the national average appreciation which is a negative 4.8% for this year.

Read my Raleigh real estate market update and check out the statistics for each of the four major counties by clicking here: Raleigh Real Estate Market Update

While I will not attempt to “predict” the future, everyone understands that one wants to purchase low and sell high. Now is a great time to purchase a home in the Raleigh, NC area.

Contact The PolingTeam or email me to learn what opportunities there are to invest in Raleigh residential real estate.

The cities of Raleigh and Cary, North Carolina are among MSN’s pick of 66 cities where buying makes sense.

The decision to purchase a home verses continuing to rent is dependent upon a number of factors that are directly influenced by one’s credit record and credit score. A potential home buyer with a good credit history might obtain a 6% mortgage loan and they will pay a third less in monthly payments than someone who qualifies for an 8% loan. This can make a huge difference on the monthly payments and for those who are credit challenged it may make more sense to continue to rent.

So what are the returns that are projected should you buy a Raleigh, NC or Cary, NC home? One way to look at this is to project the equity that you would have in four years. Here are MSN’s projections:

How much equity you’d have by 2012 if you bought a low-priced home today…

*Source: Center for Economic and Policy Research and the National Low Income Housing Coalition

These numbers are not as large as areas in Texas, Greensboro-High Point, N.C. , or even Tampa-St. Petersburg-Clearwater, Fla.  “Of the 100 most populous metro areas, 57 have average three-bedroom rental costs higher than the cost of a 6% loan for a typical low-priced house, including Little Rock, Ark., and Akron, Ohio. (The study’s authors defined low-priced as 75% of the area’s median.)”

With the lower interest rates that came about in the last several days as a result of the Freddie Mac, Fannie Mae bailout and the high inventory levels it is a great time to buy a Raleigh or Cary, NC home.

We love to help buyers – especially first time home buyers. Give us a call to obtain our high level of personalized service!

Vist our website at http://www.polingteam.com

The bailout of Fannie Mae and Freddie Mac has already brought lower interest rates, but it may not be as large a benefit to the real estate marketplace as one might expect. Because of the tightening credit requirements (which are absolutely justified – non conforming loans were how we got into the mortgage crisis) there are fewer buyers who can qualify for a mortgage loan.

Speaking of home mortgage rates, one of our recommended lenders has a 30 year fixed conventional loan rate of 5.75% with no origination fee and 0 points. Their 30 year fixed FHA loan is at 6.0%. This is good news for home buyers and home sellers who may need to refinance their homes.

Many of the first time home buyer assistance programs are going away as of October 1^st. There are some that will still be available but the PolingTeam recommends that you have an experienced lender help you navigate the process.

Since interest rates are low and there is plenty of homes on the market, it is a great time to buy a home. Contact Us and we will be glad to help. We love first time home buyers!

You can search all active listings in the Triangle Multiple Listing Service on our website at Find Your House with Your Mouse

The Housing and Economic Recovery Act of 2008 which was passed this week provides a $7,500 tax credit to first time home buyers.

In addition, to a number of other goals the new housing act attempts to stimulate home buying, reduce excess supply in housing markets and shore up home prices. See the National Association of Home Builders article that gives more information on what is available to those looking to purchase their first home at:  First-Time Home Buyer Tax Credit

This tax credit is available only until June 30, 2009. So if you have been thinking about purchasing a new home this is another great reason to make your move now.

Interest rates are still low and there are a number of great mortgage programs for first time home buyers.

Want to know more? Contact the PolingTeam and we’ll help make your move easier!

A Ranch Home on 1 acre

112 Juniper Court Garner, NC 27529

The PolingTeam is happy to announce a new listing in Johnson County. Enjoy country living and the convenience of easy access to the rest of the Triangle area of NC. Located only 2 miles from the intersection of Hwy. 42 and I-40 you will find this home a delight.

Situated on 1+ landscaped acres at the end of a cul-de-sac offering plenty of parking, a covered front porch with swing, open floor plan, tiled kitchen and bathroom floors, cathedral ceilings, ceiling fans, LARGE bedrooms and closets, 2 miles from I40.

Offered for $149,900

The Poling Team will be doing an open house tomorrow at this great home in Cary, NC.

Here’s a list of updates that have been done.

*All bathrooms with tile floors, new cabinets & solid surface counters with solid surface formed sink bowls – remodeled in 2001
*Kitchen remodeled in 1999 to include lots of select and choice solid light finished wood cabinets, wood trimmed laminate counters and a desk area with cabinets overhead
*New roof in 1996
*Dishwasher, stove and refrigerator – 4-5 years old
*Washer and dryer convey
*Vinyl tilt windows and storm doors – installed in 2002
*Gas hot water heater – 2002
 *New central forced air conditioning – installed 3-4 years ago
*Carpet installed 9-10 years old – extra thick pad
*New concrete driveway

All of this for only $199,000 –  COME AND SEE!