Showing posts with label Real Estate.. Show all posts
Showing posts with label Real Estate.. Show all posts

Monday, January 23, 2012

8 Tips for Finding your New Home

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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
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Friday, September 16, 2011

Save Money by Repairing Windows

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Friday, June 24, 2011

Whole-House Sound Hath Charms to Soothe the Savage in You

By: Caralee Adams
Published: May 3, 2011
Whole-house sound sets the mood, reduces sound system clutter, and adds value. Run wires behind the walls or go wireless—there’s a system for every budget.

High end: Get wired

The highest-quality whole-house sound travels through structured wires embedded in your walls. Wires run from your sound system, neatly tucked into a storage room or closet, through the ceiling into speakers mounted in rooms you select. This is the gold standard option for the music purist and should be installed by a sound specialist.

Structured wiring most easily is installed in new construction, and nearly half of all new homes built in and after 2008 have it. Retrofitting a house with structured wiring will cost $700 to $2,700 per room, depending on the control units you select. A pair of speakers for each room can cost from $100 to $2,000.

Mid-priced: Leverage existing wires

Leveraging existing wires is a less intrusive way to achieve whole-house sound because you aren’t cutting through walls to run new wire. Expect to sacrifice audio fidelity, but it’s minimal.

A source hub—a central device that iPods, CD players, and other source equipment plugs into—sends audio signals in a digital format over existing electrical wires. A receiver plugged into a wall outlet in each room converts digital back into analog music.

Costs run $500 to $1,000 per room including speakers; it takes a day or less to install.

Budget luxury: Go wireless

Installing a wireless system is the easiest, most affordable way to get whole-house sound—and the only one you can do yourself.

Music is distributed from your computer, through a router, and into a small player box (about the size of toaster) placed in each room you choose. If you want sound in five rooms, you’ll need five player boxes and five sets of speakers.

Wireless systems cost about $400 per room and can be set up in a couple hours.

Caralee Adams, a veteran journalist, has written for Better Homes & Gardens, Parents, and Fitness.
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Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®


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Thursday, June 2, 2011

National Realtor Open House June 4 and June 5


Saturday and Sunday
Two to Four 


428 Conner Grant Road
New Bern, NC










Features
2400 Heated Square Feet
Four Bedrooms
Three Full Baths
Screened Porch
Concrete Patio
Large Two Car Garage
Cathedral Ceilings
Front Porch
Large Game Room
Laundry Room
Mother in Law Quarters
Spacious Kitchen

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Friday, January 28, 2011

The Poll Results - What will this year bring?

Fifty per cent of the respondents felt the market would improve in the upcoming year while only 28 % had a pessimistic view. They believed that values would continue to fall. Twenty one percent felt that properties would maintain their values this year. This writer finds that having 72% of readers believe that values will hold or improve great news. The last several years have been the worst we have had in the last twenty years. I believe a slow and steady recovery is under way.

Thursday, January 20, 2011

Poll - What will this year bring?

I thought it would be interesting to take an informal poll on what the readers think the prospects for real estate will be this year. Will value and sales continue to fall? Will the market remain about the same as last year? Will the market improve? Or will we have a remarkable recovery? You will find the poll immediately to the right. Please select your answer. Be sure to place a check in the cirlce to the left of your answer and click on the vote button. You can check the results after you vote. I will publish the final results next week.

Thursday, November 4, 2010

New Construction Report - Craven County

Home builders marketing is going better than the rest of the market. New construction makes up about a third of the homes sold in the last twelve months. Two years ago builders were having severe troubles. They had inventory that the market was rejecting. Nimble builders such as Frank Crayton, Pat McCullough, and Rick Schepard responded by creating products that the market wanted. Builders sold 288 of the 870 homes sold in the $80,000 to $350,000 range in Craven County. Currently there are 242 new homes on the market. (80 of these are Skysail condos) .Compare these numbers to the total market. See my Blog of November 1,2010. The great new homes that builders produce are often priced below the price of homes that were purchased during the strong market of several years ago. The fact that new homes capture such a large part of the market has hampered the individual trying to sell theirs.


 
 
 
 
 
 
 
 
 
 
 
by Gary Barker
 
Gary has been selling real estate in New Bern since 1977.

Visit my website http://www.gary-barker.com/

Wednesday, October 27, 2010

Due Diligence - New Burdens on Buyer’s Agents

January 1, 2011 our world will change. Sellers, buyers and their agents will have new “Offer to Purchase and Contract” forms. Gone will be the contingencies that have added stress to everyone in a residential transaction. A lot of the members of the Neuse River Region Association of Realtors enjoyed a Continuing Education event with Bill Gallagher ( http://www.superiorschoolnc.com/ ). He taught the group assembled the features of the new contract adopted by NCAR.




The new contract will have a new feature called a “Due Diligence” period. This period resembles an option. It differs in that all of the terms of the final contract are included in one document. With an option the buyer gives notice that he will exercise his rights and contracts to close. With our new contract it will be assumed that a closing will occur. The buyer, in this new contract, will have to notify the seller if they do not plan to close. The buyer will use the diligence period to firm up a loan commitment, obtain an appraisal, perform inspections and determine if they want to proceed. The fee to compensate the buyer for this period of time will apply to the purchase price. Like an option fee it will be nonrefundable. A traditional earnest money deposit becomes “at risk” if this date passes and notice is not given for the buyer to withdraw.



This creates a new burden for Buyer’s Agents. The day of the free “look-see” is over. If the buyer determines that it is in their best interest not to complete the transaction money will be lost. If notice is given during the diligence period the loss will be limited to the “due diligence” fee and other expenses that have been prepaid. If the sale does not close after this period the earnest money will also be lost. Buyers will be unhappy if they lose significant sums of money on an incomplete deal. The competent buyer agent will attempt to assist his client to avoid a transaction that fails. The buyer will need to be educated in a variety of subjects prior to making an offer. Guiding them through the mortgage process will be key. It will be essential to have a pre approval from a lender who closes loans on time. Helping clients obtain and interpret the appropriate inspections will be important. Keeping track of the “Time is of the essence” dates will fall upon the buyers agent. Wisdom will need to be exhibited to avoid beginning a purchase on a property that will create appraisal and inspection problems.



I believe a buyers agent who does a good job will enjoy a greater loyalty from the client. It will be a tense time if the buyer decides to walk and absorb a loss. Over all I believe the new contract will cause our industry to become more professional .

by Gary Barker


Gary has been selling real estate in New Bern since 1977.

Visit my website http://www.gary-barker.com/ 

Sunday, October 24, 2010

Why did the Master Bedroom move upstairs?

How did it get downstairs?



The New Bern real estate market has always been fairly unique. For most of my career our market demanded a master on the ground floor. We had a variety of ranch and story and a half floor plans. Only the historic or larger homes were truly two story homes. Many of these still had ground floor masters.



Men like Paul Crayton, Guion Lee, Frank Efird, Lonnie Pridgen, Tommy Karam and others put New Bern on the map as a place to retire. Port O’ Pines, later Treasure Cove and then Fairfield Harbour started the great migration. River Bend and Trent Woods began to entice retiring seniors to put down roots in our great community. Soon Weyerhaeuser began Greenbrier and many other areas that increased the flow. The one thing that these buyers required was a ground floor master bedroom. Since the retirees were the driving force of our market, resale potential required others to insist on downstairs accommodations.



Then the bubble burst!



The days of competing offers were over. That nasty pendulum swung from sellers to buyers. Prices began to fall. Our four decade flow of retirees stopped. They were no longer ready to sell their homes at post bubble prices and move. Sales of existing homes were much lower than the prices contractors needed to produce the designs they had been building. For years builders had been adding the features that made their homes superior to competitors and older homes. Buyers paid the price because the homes were going up in value and inflation would cover the expense with future gains.



A new design was needed.



It was necessary for builders to build more efficiently. Most spent hours designing, estimating and redesigning floor plans. The result has been two story homes with tuck under garages. These plans lower the price by having an upstairs master. The current driving force in the New Bern market are people who are moving here for jobs. I see Marines, Sailors, hospital employees, manufacturer workers, educators, and service job workers. Most are younger with children. Many mothers want the baby and younger ones in a room that is close. They have been quick to accept having all the bedrooms on the second floor. Builders have found that this new type of plan can be built for a lower price than many are asking for the resale of existing pre bubble burst homes. Younger buyers have consistently chosen space over features and curb appeal.



Will the master bedroom move back downstairs?



The answer is yes. When retirees accept the new reality of the housing market and find that continuing to wait to move is unacceptable, we will see them again. They will again demand a downstairs master. This will create struggles for our appraiser friends. Comparing homes of the same amount of square feet of heated space, you will find that the one with the downstairs master will cost between $8,000 to $12,000 more. Unless the appraiser recognizes the value of that feature it will be difficult to cover a downstairs master bed room home‘s cost. The cost of a garage area that is not tucked under is also much higher.



The adept builder will recognize when retirees again begin to drive the market. When that day arrives the master bedroom will move back downstairs.



by Gary Barker
Gary has been selling real estate in New Bern since 1977


Visit my website http://www.gary-barker.com/

Friday, October 22, 2010

Listing Prices have fallen

Trulia reports that listing prices have fallen in the last three weeks.

Sellers are competing for a limited number of buyers. The lower listing price helps insure that their home will be shown more often. Local Realtors are working hard to get their clients home sold. They realize that more homes are on the market than it will absorb. Proper pricing and well placed advertising will get the job done.


Sellers would be well advised to have their Realtor show them how many homes sold in their price range in the last 120 days. Compare those numbers to homes listed in the same price range. Together they can decide on the proper course.

by Gary Barker
Gary has been selling real estate in New Bern since 1977


Visit my website http://www.gary-barker.com/

Thursday, October 21, 2010

Buying and Storing Firewood

Knowing how to evaluate, buy, and store firewood is key to the safe, efficient operation of your fireplace, wood stove, or fireplace insert.






Before picking up the phone, it’s important to know exactly what you want to purchase so that you can clearly express that to the wood seller, says Matt Galambos, a Maine arborist certified by the International Society of Arboriculture. This includes determining the quantity, species, and condition of the firewood, all of which affect its price.



How much to buy

Homeowners who intend to heat their homes through the use of a wood stove naturally will require more firewood than those who burn only the occasional fire for pleasure. A person living in the Northeastern U.S. who burns firewood as his or her primary heat source, for example, may require up to five cords of wood to get them through the season. In contrast, a weekend-only fire builder can likely get by on as little as a half-cord. Galambos estimates that for the casual but steady fire builder, one cord of wood should easily last through winter.



Measuring a cord of wood

A cord of wood is defined as a stack of cut firewood that measures 4 feet tall by 4 feet wide by 8 feet long, or any other arrangement that equals 128 cubic feet. The individual pieces must be stacked side by side rather than the looser crisscross style. Other measurement terms, such as ricks, racks, face cords and piles, have no legal meaning and are often banned by state weights and measurements agencies. Regardless what the load is called, says Galambos, it should always be converted to cords or fractions thereof so that homeowners can determine if they are getting a fair price.



Seasoning the wood

Freshly cut wood is composed largely of water. Not only is this “green” wood difficult to ignite, but burning it can lead to a dangerous buildup of creosote, the cause of chimney fires. Properly “seasoned” firewood is wood that has been cut to length, split, and allowed to air dry for at least six months until the moisture content dips to around 20%. Dry wood will appear grayish in color and the pieces will begin to exhibit splits and cracks on the ends. Compared to freshly cut wood, seasoned wood feels light for its size.



Though seasoned firewood is the only choice for immediate use, green wood shouldn't be completely ignored, says Galambos. “If you have the room to store it and the time to dry it, buying green firewood can save you up to 25% compared with seasoned wood,” he says.



Hardwood vs. softwood

It's a common misconception that burning soft woods, such as pine and cedar, leads to dangerous creosote buildup. As long as the firewood is properly seasoned, it can safely be burned in a fireplace or stove regardless of species, says Dr. John Ball, Professor of Forestry at South Dakota State University. But that doesn’t mean that all wood is created equal.



“Tree species differ widely in the amount of heat they produce when burned,” says Ball. Hardwoods like oak, maple, and madrone produce almost twice the heat compared with softer woods, such as spruce, pine, and basswood. Fires built with hardwood not only burn hotter, they last longer, meaning the wood pile won’t get depleted as fast. Homeowners can expect to pay a premium for 100% hardwood, but Ball cautions against purchasing cheaper “mixed-wood” loads that may contain little actual hardwood.



Storing firewood

Homeowners should consider storage long before the firewood delivery truck appears in the driveway, cautions Galambos. A cord of wood takes up a significant amount of space, and if not properly stored your investment will quickly begin to rot. Firewood that is not stowed in a protected space like a garage or shed needs to be six inches off the ground. Firewood racks or simple pallets work well. If exposed to the elements, the wood pile should be at least partially covered with a waterproof tarp. Experts caution against storing the wood too close to the house for fear of inviting pests.



Average prices

Homeowners can expect to pay $75 to $150 for a half-cord and between $150 and $350 for a cord of hardwood delivered and stacked. To save some money, a person with a large truck may elect to pick up his or her own load at the wood lot.



To verify the quantity, species, and condition of the firewood, it's wise to arrange the delivery for a time when you're home. Experts say, inspect the wood for type and condition before it's unloaded, though quantity can only be accurately measured after it's stacked.



Maximize your fireplace efficiency

It’s true that a traditional wood fireplace can never rival the energy efficiency of a wood stove or even a fireplace insert, but there are ways a homeowner can trim heat loss. Fire-resistant glass doors not only reduce the volume of heated home air that escapes up the chimney, they help radiate heat back into the room. Similarly, a thick cast-iron fireback is an old-fashioned device that absorbs and emits energy in the form of radiant heat. Check the fireplace damper for leaks and always tightly seal it when the fireplace is idle.



Note about invasive pests

Forestry experts like Dr. John Ball strongly encourage homeowners to buy only local wood (wood from within a one- or two-county range) to prevent the spread of pests like the Asian longhorned beetle and emerald ash borer.


By: Douglas Trattner
Douglas Trattner has written extensively about home improvement topics for HGTV.com, DIYNetworks, and the Cleveland Plain Dealer. During the 10-year stewardship of his 1925 Colonial, he estimates that he burned through 15 cords of wood. Most, he promises, was properly seasoned hardwood.

Visit houselogic.com for more articles like this.

Copyright 2010 NATIONAL ASSOCIATION OF REALTORS®

Visit my website http://www.gary-barker.com/





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Tuesday, September 28, 2010

Why Move Up Now?

Should I move up to a better home now?
Now is the time. While most properties have decreased in value, consider this scenario. You live in a home that was worth $150,000. and is now worth $135,000. You will notice that $15,000 of equity was lost. Now consider the home in which you might wish to live. It use to be worth $250,000. Now it has a value of $225,000. It has moved downward $25,000. If purchased you have benefited by $10,000. Eventually when property values recover your benefit will be $25,000 while if you stayed your recovery will be $15,000.

How would it work?
You may be thinking, that may be fine, but will my home sell? The answer is yes. Homes sell, even today, if priced correctly and advertised properly. The services of a highly skilled Realtor is required. This means pricing your home where it will attract the attention of a buyer. Does this mean that I have to sell at $135,00? Yes but the good news is you don't have to accept an offer that is to low. Once you have accepted an offer you can go shopping. There are plenty of motivated sellers of properties. Your Realtor Buyer's Agent will help you to get a fantastic buy on a home that you will enjoy.

What if the market doesn't recover?
I don't believe this. Which home would you enjoy living in for the next 10 years? Most people can get a mortgage at a lower interest rate for a new purchase than the one they currently have. Would you prefer to pay a lower interest rate long term? I believe that we will experience inflation at some period in the future. Inflation devalues the dollar. The only way the country can pay back its debt is to inflate the value of new products and services by deflated the value of the dollar. If this thesis holds true, your dollars value will decrease and your home value will increase.

Don't wait. Now is the time.

Visit my website www.gary-barker.com

Sunday, September 20, 2009

My First Post.



Welcome to my blog. It is my hope that this blog will help my clients and friends to understand the real estate market in New Bern. Our market is a great deal different than it was just a few short years ago. Retirees used to be a much larger portion of our market. Because of the national economic downturn, it seems they are not yet willing to accept the current prices in their market areas. Of course many still have very significant gains in the value of their homes. Still having missed the peak of their value many are not ready to accept the present values. They also continue to hear the news that it is a Buyer's market. I expect that they will soon tire of waiting for a major recovery and begin to sell. They will be ready to begin a new phase of their lives and many will join us in enjoying the New Bern area. I believe we will begin to see a return of the reirees in the spring. In my next blog I will discuss how these trends have effected the styles of homes demanded by buyers. For my information about the New Bern area visit my website http://www.gary-barker.com/ .