What are the expenses for home buyers in NC

Boosting Value for a Swift Sale with Freedom Living Realty's Maia Smith" When it comes to selling your home, maximizing its appeal without breaking the bank is key. Realtor Maia Smith from Freedom Living Realty understands the importance of strategic updates to enhance your property's value. Check out these five budget-friendly tips to elevate your home's charm and attract potential buyers without draining your wallet. Curb Appeal Magic: Landscaping, Exterior Renovation, Welcoming Entrance Enhance your home's first impression by focusing on curb appeal. Trim overgrown bushes, plant colorful flowers, and give your front door a fresh coat of paint. These simple steps can make a significant impact on potential buyers even before they step inside. A Fresh Coat of Paint: Interior Painting, Neutral Tones, Modern Color Palette Painting is one of the most cost-effective ways to refresh your home. Stick to neutral tones for a modern and clean look that appeals to a broader audience. A fresh coat of paint can make rooms feel brighter, larger, and more inviting. DIY Fixes and Repairs: Home Repairs, DIY Projects, Cost-Effective Solutions Attend to minor repairs and tackle easy do-it-yourself projects. Fix leaky faucets, squeaky doors, and loose cabinet handles. These small improvements demonstrate that your home has been well-maintained, giving potential buyers confidence in its overall condition. Lighting Matters: Bright Spaces, Energy-Efficient Lighting, Ambiance Upgrade outdated light fixtures to create a more modern and inviting atmosphere. Consider energy-efficient bulbs to brighten up spaces and make them feel more welcoming. Adequate lighting is crucial for showcasing your home's best features. Declutter and Organize: Minimalist Living, Storage Solutions, Open Space Clear out unnecessary items and declutter your living spaces. Potential buyers want to envision their own belongings in the home, and a clutter-free environment makes this easier. Invest in affordable storage solutions to keep rooms organized and visually appealing. Conclusion: Optimizing your home for sale doesn't have to be a costly endeavor. With these budget-friendly tips tailored for real estate success, you can enhance your property's value and attract potential buyers. Partner with Freedom Living Realty's Maia Smith to ensure a seamless selling process and unlock the full potential of your home in the market. 

January Real Estate Market Update

Rowan County, nestled in the heart of North Carolina, is a beautiful and vibrant destination brimming with exciting things to do and see. Whether you're a history buff, a nature enthusiast, or a family looking for fun activities, Rowan County has something for everyone. Here are 5 amazing things you can do this weekend in Rowan County: 1. Immerse Yourself in History at the North Carolina Transportation Museum: www.visitrowancountync.com North Carolina Transportation Museum in Spencer Step back in time and explore the fascinating world of transportation at the North Carolina Transportation Museum, located in Spencer. This incredible museum houses over 50 locomotives and railroad cars, dating back to the 19th century. You can wander through the exhibits, marveling at the engineering marvels that helped shape our nation's transportation system. www.nctransportationmuseum.org train at the North Carolina Transportation Museum The museum also offers interactive exhibits, educational programs, and even train rides pulled by historic locomotives. Take a ride on the Tweetsie Railroad, a fun-filled journey through the North Carolina mountains, or climb aboard the Spencer Shops Steam Locomotive and experience the thrill of a steam train ride. 2. Embrace Nature's Beauty at Dan Nicholas Park: Escape the hustle and bustle of city life and immerse yourself in the tranquility of Dan Nicholas Park in Salisbury. This sprawling park features over 1,400 acres of forests, meadows, and diverse ecosystems. Hike or bike along its extensive network of trails, winding through scenic landscapes and offering breathtaking views. www.visitrowancountync.com Dan Nicholas Park in Salisbury The park also boasts a lake, perfect for fishing, boating, or simply enjoying a picnic by the water. Visit the Dan Nicholas Park Environmental Center to learn about the local flora and fauna, or take a guided nature walk and discover the park's hidden gems. 3. Catch a Show at the Gem Theatre: www.visitrowancountync.com Gem Theatre in Salisbury Experience the magic of live performance at the historic Gem Theatre in downtown Salisbury. This beautifully restored 1920s theater presents a diverse lineup of live music, theatrical productions, classic films, and independent movies. www.forbesdetroit.com stage performance at the Gem Theatre Step back in time and soak up the vintage atmosphere of the theater, with its ornate décor and comfortable seating. Enjoy a captivating performance, support local artists, and create lasting memories at the Gem Theatre. 4. Sip and Savor at Local Wineries: caublecreekvineyard.com Cauble Creek Vineyard in Rowan County Rowan County is home to a burgeoning wine scene, with several excellent wineries offering tours, tastings, and beautiful settings. Immerse yourself in the art of winemaking and sample a variety of award-winning vintages. www.visitrowancountync.com Morgan Ridge Vineyards in Rowan County Two of the most popular wineries in the area are Cauble Creek Vineyard and Morgan Ridge Vineyards. Both offer picturesque landscapes, knowledgeable staff, and delicious wines. Enjoy a leisurely tasting experience surrounded by rolling hills and vineyards, and discover your new favorite bottle of wine. 5. Encounter Wildlife at Lazy 5 Ranch: www.visitlakenorman.org Lazy 5 Ranch in Mooresville Embark on an unforgettable safari adventure at Lazy 5 Ranch, a drive-thru zoo in Mooresville. This unique zoo allows you to observe a diverse range of animals from the comfort of your own car. frostedevents.com lion at Lazy 5 Ranch Get up close and personal with lions, tigers, bears, elephants, and many other fascinating creatures. Learn about their natural habitats and conservation efforts, and create lasting memories with your loved ones at Lazy 5 Ranch. Bonus: 6. Explore Downtown Salisbury: www.ourstate.com Downtown Salisbury in Rowan County Stroll through the charming streets of downtown Salisbury and discover its hidden gems. Browse unique shops, indulge in delicious local cuisine, and admire the historic architecture. Visit the Salisbury Rowan Museum to learn about the city's rich history, or take a walk along the Salisbury Riverwalk and enjoy scenic views. 7. Visit the Rowan Museum: Step back in time and explore the fascinating history of Rowan County at the Rowan Museum in Salisbury. This museum houses a diverse collection of artifacts, exhibits, and displays that tell the story of the region's rich past. www.weddingwire.com Rowan Museum in Salisbury Learn about the Catawba Indians, the early settlers, the Civil War, and the many other events that shaped Rowan County's history. The museum also offers educational programs, special events, and research facilities for those interested in delving deeper into the region's past. 8. Enjoy a Picnic at Salisbury Community Park: www.visitrowancountync.com Salisbury Community Park in Rowan County Pack a delicious picnic basket As a local community member and a REALTOR I am here to share tips with you, if you just visiting Rowan County or planing to relocate call tex or email realtormaiasmith@gmail.com (704) 267 7888 Freedomlivingrealty #relocationexpert #maiasmith

Navigating the 2024 Real Estate Landscape: Insights from Realtor Maia Smith of Freedom Living Realty The real estate market is a dynamic and ever-evolving landscape, shaped by a confluence of economic, demographic, and technological factors. As we approach 2024, understanding the anticipated trends is crucial for both seasoned investors and first-time homebuyers. In this blog post, Realtor Maia Smith of Freedom Living Realty shares her insights and predictions for the 2024 real estate market, offering valuable guidance to clients and customers seeking to make informed decisions. Navigating the 2024 Real Estate Landscape: Insights from Realtor Maia Smith of Freedom Living Realty The real estate market is a dynamic and ever-evolving landscape, shaped by a confluence of economic, demographic, and technological factors. As we approach 2024, understanding the anticipated trends is crucial for both seasoned investors and first-time homebuyers. In this blog post, Realtor Maia Smith of Freedom Living Realty shares her insights and predictions for the 2024 real estate market, offering valuable guidance to clients and customers seeking to make informed decisions. Key Trends Shaping the 2024 Real Estate Market I predict that home prices will continue to rise up around 3-5% through year 2024. A moderation in home price appreciation is expected in 2024, following the rapid growth witnessed in recent years. This stabilization is attributed to factors such as rising mortgage rates and a more balanced buyer-seller dynamic due to higher interest rates. Easing Mortgage Rates: While interest rates are projected to remain elevated compared to historical lows, a slight decline is anticipated in 2024. This moderation could provide some relief to potential homebuyers, making ownership more attainable. Inventory Growth: The number of homes available for sale is expected to increase gradually in 2024, easing the intense competition that has characterized the market in recent years. This growth is driven by factors such as new construction and increased listings by homeowners. Still we will be experiencing shortage of median home priced properties in a desired urban areas and desired one level homes. Regional Divergence: The real estate market is likely to continue exhibiting regional variations in 2024. Factors such as local economic conditions, job growth, and population trends will influence home prices and demand in different areas. Video blog post here https://youtu.be/ZEv9H_AZp0ARealtor Maia`s Advice for Clients and Customers Stay Informed: Keeping abreast of market trends and economic developments is essential for making informed decisions. Utilize reputable sources, such as Freedom Living Realty's market reports and industry experts like Maia Smith, to stay updated. Seek Professional Guidance: Working with an experienced realtor like Maia Smith can provide invaluable insights and personalized advice tailored to your specific needs. Real estate professionals possess the knowledge and expertise to navigate the complexities of the market and guide you towards informed decisions. Be Prepared for Competition: While inventory is expected to increase, competition for desirable properties may persist in certain areas. Prepare to act quickly and decisively when you find a home that meets your criteria. Consider Your Financial Situation: Carefully evaluate your financial situation, including your income, expenses, and creditworthiness, before embarking on the homebuying journey. Maia Smith can assist in assessing your financial readiness and determining your budget. Embrace Patience and Flexibility: Finding the right home takes time and patience. Be prepared to adjust your search criteria and remain flexible in your approach. Freedom Living Realty: Your Partner in Real Estate Success Freedom Living Realty, led by Realtor Maia Smith, is committed to providing clients and customers with personalized, professional, and results-oriented real estate services. With a deep understanding of the market, a focus on client satisfaction, and a dedication to ethical practices, Freedom Living Realty is your trusted partner in achieving your real estate goals. Whether you're buying, selling, or investing, Freedom Living Realty is here to guide you through the process, ensuring a smooth and successful transaction. Contact Maia Smith today to discuss your real estate aspirations and embark on an informed and rewarding journey in the ever-evolving landscape of real estate. (704) 2677888 www.maiasmith.com realtormaiasmith@gmail.com Social Media @realtormaiasmith #freedomlivingrealty #relocationexpert #realtormaiasmith #localagent #negotiationexpert #buyerselleragent

Purchasing your first home is an exciting milestone, but it can also be a complex process. Understanding the qualifications for first-time home buyers in North Carolina is crucial before embarking on this significant investment. To help you navigate through the requirements, this blog post outlines the key factors you need to consider when aiming to become a first-time home buyer in NC. As a Relocation Expert and a Bilingual Realtor I am here to educate and direct you to a right choce of home ownership. 1. Credit Score: One of the primary considerations for any mortgage lender is your credit score. A good credit score demonstrates your ability to manage financial obligations responsibly. While specific credit score requirements may vary among lenders, a higher credit score generally improves your chances of securing a favorable interest rate and loan terms. Aim for a credit score of 620 or higher to increase your eligibility for mortgage loans. 2. Employment and Income Stability: Lenders evaluate your employment history and income stability to determine your capacity to repay the mortgage. Generally, they prefer applicants with a steady job for at least two years and a predictable income. Consistent employment shows reliability and reduces the perceived risk for lenders. Gather your employment records, such as pay stubs, tax returns, and W-2 forms, to provide evidence of your financial stability. 3. Down Payment and Closing Costs: Saving for a down payment and covering closing costs are crucial steps in becoming a first-time home buyer. While it's possible to obtain a mortgage with a down payment as low as 3% to 5%, having a larger down payment can offer advantages such as lower monthly payments and reduced interest charges. It's essential to assess your financial situation and set realistic savings goals to meet the down payment and closing cost requirements. 4. Debt-to-Income Ratio: Your debt-to-income (DTI) ratio is a measure of how much of your monthly income goes toward debt payments. Lenders typically prefer a DTI ratio below 43% to ensure you have sufficient funds to repay your mortgage. To calculate your DTI ratio, sum up your monthly debt payments (including student loans, car loans, and credit card payments) and divide it by your monthly gross income. A lower DTI ratio demonstrates your ability to manage your debts and increases your chances of mortgage approval. First-Time Home Buyer Programs: North Carolina offers various programs and initiatives to assist first-time home buyers. These programs often provide down payment assistance, low-interest loans, or other incentives to help individuals or families achieve homeownership. Research the available programs in your area, such as the North Carolina Housing Finance Agency's FirstHome program, to determine if you meet the criteria and can benefit from these resources. Conclusion: Becoming a first-time home buyer in North Carolina requires careful planning and preparation. Understanding the qualifications and requirements beforehand will help you navigate the mortgage process with confidence. Take the time to improve your credit score, establish stable employment, save for a down payment, and assess your debt-to-income ratio. Additionally, explore the first-time home buyer programs available in NC, as they can provide valuable assistance. By meeting these qualifications and being well-informed, you'll be on your way to achieving your dream of homeownership in North Carolina. Call me to discuss your goal and I can help you to be connected with a trusted local lender I partner with. #realtormaiasmith, #relocationexpertmaiasmith #relocatetoNC #freedomlivingrealty  (704) 267 7888 

A tumultuous start to 2020 with Brexit, viral growth (no really), falling mortgage rates, and rising construction. Our first TEE looks at car-free cities, changing regulations, the latest home tech, and more! Just Listed! $500k (Men), $510k (Women) 💵 A Yale School of Management study found that single women pay 2% more than men to buy a similar home. Gender-based pricing? Nope — it mostly comes down to negotiating tactics and market timing. Singin’ in the Shower 🚿 The annual Consumer Electronics Show (CES) in Las Vegas featured a huge variety of ‘smart home’ products, from connected faucets that deliver 3 cups of water at just the right temperature for your pancake batter, to speakers built into the showerhead so that you can ask Alexa for your morning mood music. Industry stats suggest that homes with smart tech sell for 3–5% more. Where the Streets Have No Cars 🚘 “I want to run…I want to play…I want to tear up the pavement, make cars go away.” (Not U2) Across the world, cities are combating traffic, pollution, and lifeless urban hearts by banning cars and replacing parking spots with parks. From Home Shortage to House Party 🎉 The oracles at Capital Economics predict that one million new single-family homes will be built in 2020 as construction costs (labor and materials) fall while demand remains hot. WRITTEN BY Scott Bradley Brixen Follow A CFA with 20 years of experience in global investment banking and equity research, ListReports’ “Eclectic Economist” finds everything interesting. RESEARCHED AND SHARED BY REALTOR®Maia Smith Bestway Realty www.realtormaiasmith.com  (704) 267-7888  . If you are serious about buying or selling your home in 2020, just give me a call and we can schedule a 30-minute consultation. My process is client-friendly, and you will be making all the decisions. Call me today  (704) 267-7888 

The housing market across the U.S. is hot, and the millennial age group has quickly become the largest group of homebuyers. But with such high demand, rising home prices are hurting affordability. According to data from the U.S. Census Bureau and Zillow, the following are 10 metro areas where millennials can actually afford to purchase a home. These locations were chosen based on average salary, home prices and the share of homes owned by people between the age of 21 and 38. Des Moines, Iowa Grand Rapids, Michigan Wichita, Kansas Omaha, Nebraska Toledo, Ohio Dayton, Ohio Oklahoma City, Oklahoma Little Rock, Arkansas Louis, Missouri Syracuse, New York While the locations at the top of the list may offer a slightly lower average salary, they make up for it with more modest home prices. Studies done by Zillow show that home prices in many of these places are roughly 38% lower than the median listing price of $291,900. Interested in purchasing or refinancing a home? Let me help! Call today to set up an appointment to discuss your home buying options.  (704) 267 7888 

Be careful what you post on your social media accounts! Recent studies have shown that many of the top credit rating companies are now using social media accounts to assess one’s ability to repay debt. Credit history is the main influencer of credit scores but using non-traditional sources of information such as social media allows credit companies to view more about a person who does not have an in-depth credit history. Not only are creditors beginning to look into social media, but they are also paying close attention to things such as payment history on phone bills, utility bills and even movie rentals. If a person has moved several times in a short time period, creditors may take it as a sign that this person had trouble paying their rent. While this kind of research into a person’s life can be great news for a homebuyer with a positive digital footprint, it can be detrimental for people who were previously “unscorable.” Before you post on your social media accounts, be aware that what you write is a permanent piece of your digital footprint. Then, carefully consider what the outcome may be. Interested in purchasing a home? Let’s discuss your credit, finances and home buying options! Call to make an appointment today! Yes, buying a home is a big decision, but it doesn`t have to be a hassle. If you are serious call me, click here to see if you are qualified My process is client-friendly, and you will be making all the decisions. Call me today  (704) 267 7888