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Triangle Area Real Estate and Other Interesting News

Q: What’s Our Recommended Pricing Strategy?

 Here’s why we recommend underpricing your home slightly when selling.   As of July 2020, both new listings and closed sales are down in the Triangle area. However, median and average prices are up.    Closed sales are down about 11.8% in Chapel Hill and median...

To Escrow Taxes & Insurance Or Not Escrow:  That Is The Question?

To Escrow Taxes & Insurance Or Not Escrow: That Is The Question?

 Should you refinance your mortgage now?   Today’s interest rates are at unbelievable, all-time lows, so now is a very good time to consider refinancing your mortgage. If the rate you could get is at least 1% lower than your current rate, you should definitely...

Make Your Backup Offer Count

Make Your Backup Offer Count

   When a property is marked “under contract,” should you put in a backup offer? Does it make sense to put in backup offers? The answer depends. As I explained in a related video, there’s a difference between a property that’s contingent and one that’s pending. If a...

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