Quote for today -   The answer is simple: if you want something very badly, you can achieve it.  It may take patience, very hard work, a real struggle, and a long time, but it can and will be done. - Margo Jones

Real Estate Questions:

Would you qualify for a FHA Loan - Here are a few of the guidelines to see if you qualify.

• The borrower must meet standard FHA credit qualifications (there's no set credit score barometer, but a borrower's debt-to-income ratio is heavily considered).
  
• The borrower is able to finance the upfront mortgage insurance premium into the loan. The borrower will be responsible for paying an annual premium.
  
• The FHA mortgage requires a low 3.5-percent down payment, and that money can come from a variety of sources, including parent gifts and HUD downpayment assistance grants.
  
• Closing costs are also low - typically 3 percent of the total purchase price - and are usually covered by the seller in today's market. They can also be incorporated into monthly payments.
  
• Eligible properties are one-to-four unit structures, and each state has a purchase price limit (as high as $400,000) for FHA loans.
  
• If a buyer finds a fixer-upper, the FHA 203(k) program can help the person purchase or refinance the property, with the cost of repairs and improvements included in the loan.
  
• FHA home mortgages aren't just for first-time homebuyers. FHA refinance loans can help people get out of toxic debt situations caused by subprime mortgages with high interest rates.

Please call or email me with any other questions you may have about this type of loan.  Call 919.906.5794 or email Alice@AliceRay.com.

Wake Forest NEWS:

Wake Forest Farmers' Market
Saturday, Jan. 15; 10 am - Noon
Depot Parking Lot, 110 S. White St.
The first of our 2011 markets offering meats, eggs, baked breads granola, hand made soaps, arts and crafts. Save the dates, this year the Farmers Market will be open the first and third Saturdays in Febuary and March from 10 am to noon. On April 2, the Farmers Market will start back full-time. Due to harsh winter weather, the Wake Forest Crafters Market will restart with a grand opening April 16. For more information, visit www.wakeforestmarket.org or call (919) 556-2284.

Email Alice today for all your real estate needs:  Alice@AliceRay.com

 

Thought for today: 

You are here for a purpose.  There is not a duplicate of you in the whole wide world; there never has been, there never will be.  You were brought here now to fill a certain need.  Take time to consider what it might be.  -Lou Austin

Could Rising Mortgage Rates Spur Housing Rush?
Mortgage rates have been rising ever since Nov. 2010, when lows of 4.42 percent were reported. Bankrate.com recently reported a rise to 5.02 percent in 30-year fixed rate loans, which is the second time in three weeks rates have crossed the 5 percent mark. And with many experts signaling the end to the 4 percent mortgage rate era, some industry insiders predict the rise in mortgage rates may stimulate a sluggish housing market, creating urgency for potential buyers.

I personally had banks raising the interest rate this week on new homes with special deals.  It is a sign that the economy is improving.  These low never heard of interest rates in our life time may be ending.

 

UNC again is # 1 on Kiplinger's Best Value List   -  N. C. State 15th

UNC-Chapel Hill for the 10th year in a row has held the title of the best value in public higher education by Kiplinger's Personal Finance.

N.C. State Universite #15th  --UNC-Wilmington #27 -- Appalachian State University #35

UNC Shool of the Arts #48  --  UNC-Asheville #58.

We should be very proud of the schools we have available for higher education.  Our education programs are a strong asset to our State and to our town. 

 

What is happening in Wake Forest?

Pancake & Sausage Breakfast
Sunday, Jan 9; 8 am - 1 pm
American Legion Hall, 225 E. Holding Ave.
American Legion Post 187 will hold a pancake and sausage breakfast on the second Sunday of each month at the Legion Hall, across from the Wake Forest Post Office. All-you-can-eat pancakes, sausage, orange juice, and choice of hot beverage for only $5 per person/$20 max per family. Proceeds support community and veterans projects. For information call (919) 494-2707.

We want to salute our veterans every day.  Please help support the American Legion of Wake Forest and join them for breakfast on Sunday - Jan. 9th between 8am - 1 pm.

 

Call or email Alice Ray for all your real estate questions and any questions you may have about the Town of Wake Forest, N. C.  I grew up here and I can answer many of your questions on happenings and events in our town. Email alice@aliceray.com or call 919-906-5794.

 

 

 

 

Are you looking for or thinking about purchasing Foreclosures? 

Here is the information you need to know as well as access to all of the areas foreclosures!

 

To start with here are the links that will show you the full MLS sheet on every property in Foreclosure in the following counties that is actively listed in the MLS system:

Links Updated 8/18/2009

Click here to view foreclosures in Wake County - 132 Available!

Click here to view foreclosures in Franklin County - 26 Available!

Click here to view foreclosures in Granville County - 9 Available!

Click here to view foreclosures in Johnston County - 69 Available!

Click here to view foreclosures in Durham County - 77 Available!

On each of the above links it will take you to a page that looks like the screen shot below.  You will be able to move through each of the listings by clicking on the right arrow as indicated in the screen shot below.  The screen shot below also tells you how to look at the pictures and a virtual tour if available.

 

 

You can also request any of these searches be set up for you and have them automatically email you new listings everyday by sending us an email at alice@aliceray.com and letting us know what type of search you would like.

If you are interested in purchasing any of the homes please let us know and we would be glad to assist you as your buyer's agent.  You can call us at 919-556-6459 or email us at alice@aliceray.com.

*These listings are in the Triangle MLS System and are not listed directly by our team.  As Realtors we are able to show you any home on the market and provide information to you.  We will be able to assist you as your buyer's agent in the purchase of any of the homes.

First Time Homebuyers

 What you need to know!

First off you have made a good first step by visiting our website.  In this blog we are going to try to give you all the information you want without requiring anything of you. No special meeting to attend, no phone  number, and no email address.  In the end we hope you have gained some knowledge and are ready to make that exciting step into homeownership! 

Here is a list of things we are going to cover:

                     1. First Time Buyer Tax Credit

                     2. Getting Pre-Approved for a Mortgage

                     3. Choosing a Realtor to Represent You!

                     4. Searching for Homes

                     5. Making the offer!

                     6. Savings of Owning versus Renting

                     7. Give the Alice Ray Team a Call or Email! 

You can reach us at alice@aliceray.com or contact Alice directly at 919-906-5794!

Ready?  Let's get started! Click on any of the above topics to the specific blog on that section!

3 Open Houses in Wake Forest, NC

Welcome to the Wake Forest real estate report for homes in Wake Forest, NC for the week of 12/29/2008. This report covers homes for sale with a Wake Forest address.

Welcome to the Wake Forest real estate report for homes in Wake Forest, NC. This report covers homes for sale with a Wake Forest address for the week of December 22nd.

Welcome to the Wake Forest real estate report for homes in Wake Forest, NC. This report covers homes for sale with a Wake Forest address for the week of December 8th.

Welcome to the weekly report for real estate in Wake Forest, NC. This report covers homes for sale with a Wake Forest address. · As of today there are 871 homes on the market in Wake Forest. · The average list price is $430,911 with a median price of $348,900.

Welcome to the weekly report for real estate in Wake Forest, NC. This report covers homes for sale with a Wake Forest address.

Welcome to the weekly report for real estate in Wake Forest, NC. This report covers homes for sale with a Wake Forest address.