Author: Mike Otranto | Page 5 | Wake County Home Buyers

Why More People Are Choosing To Sell Their Homes Directly in Raleigh During COVID-19

02/12/2021

Many businesses have been affected, and some have been destroyed, by the global pandemic. Last year median real estate prices increased 7.1% in Wake County, but the process of selling a home has become more complicated. New regulations for social distancing have been put in effect. Sellers must be mindful of disinfecting their homes after … Continued

5 Ways a Fast Sale of Your Raleigh House Will Save You Money

02/05/2021

By Mike Otranto

Any homeowner will tell you that owning a home costs money. We have all hear the benefits of homeownership and how they outweigh the costs of maintenance. But what about when it’s time to sell? Is it better to list for a high price and wait? Or is it more profitable to sell quickly? Simply … Continued

Average Home Price Wake County December 2020

01/28/2021

By Mike Otranto

I’ve compiled the market statistics for Raleigh and greater Wake County for the month of December 2020, as well as year-to-date. Appreciation data remains the most positive while the statistics related to inventory continue to drop. December Year To Date December 2019 December 2020 +/-(%) 2019 2020 +/-(%) New Listings 1,116 1,335 +19.6% 24,952 24,502 … Continued

5 Things Seniors Should Know About Downsizing Their Homes in Raleigh

01/28/2021

By Mike Otranto

There are many advantages of owning smaller houses that benefit most homeowners, especially seniors. When making the decision on whether or not to sell your home should include an assessment of the method used to sell, and the costs associated with each method. read on to learn these 5 things seniors should know about downsizing … Continued

How to Buy a House After Going Through a Foreclosure in Raleigh

01/21/2021

By Mike Otranto

Going through a foreclosure can make it seem impossible to ever buy another home. Especially after the events of 2020, many homeowners are behind on their mortgages. The impact of foreclosure can impact your credit for many years. While you may believe you are destined to be a renter for the rest of your life, … Continued

Everything You Need To Know About Your Rights When Selling Your House

01/14/2021

By Mike Otranto

Homeowner’s Rights When Selling Your House Homeowner’s Rights When Selling Your House With that in mind, let’s talk about your rights when selling your house. Unfortunately, the lion’s share of legal protections benefits the buyers, not sellers. However, there are a few key legal protections for sellers, as well as legal obligations that sellers must … Continued

What Home Sellers Need to Know About Inspections and Appraisals in Raleigh NC

01/07/2021

By Mike Otranto

Many homeowners like to celebrate the sale of their home. It can be a feeling of great accomplishment when accepting an offer, especially when it’s full price, after having done so much work. But accepting an offer is just the beginning. The inspection period is where the seller is most vulnerable. Read on to find … Continued

What Is a Housing Market Bubble and Why Do They Pop?

12/17/2020

By Mike Otranto

What Is a Housing Market Bubble? Let’s start by discussing what a housing market bubble is in the first place. This phenomenon is based on the system of supply and demand that drives our economy. When we have an abundance of something, the price for that item is low; when supply drops, prices go up. … Continued

Average Home Price Wake County October 2020

12/10/2020

By Mike Otranto

I’ve compiled the market statistics for Wake County in October 2020 and I’ve added two new data points: Interest rates and an update on iBuying activity! Keep in mind that the data in the first table is for Wake County only! It does not include Durham or Chapel Hill (Orange County). Also, these numbers indicate … Continued

How to Avoid Common Home Appraisal Errors

11/24/2020

By Mike Otranto

If you’ve been looking to have your home appraised, you need to understand the most common home appraisal mistakes. Understanding the common mistakes made with a home appraisal and how to avoid them will ensure that your home’s value is appraised properly. That’s why today, we’ve produced this complete guide to help you get a … Continued