Wow.....RTP continues to receive positive news.  The metropolitan area is home to more than 1 Million people after growing by more than 4% from 2007-2008.....we continue to see growth here both in businesses and residents.  The climate, cost of living, quality of living all contribute to making RTP one of the very best places in the USA to live.  Give me a call and I will be happy to let you know what I love about this area I now call home for the past 15 yrs!

Interested in a Spanish PreSchool, there is one that is getting excellent reviews!!

Check out their link below:

 

http://www.spanish-for-fun-academy.com/programmaterials.htm

If you are interested in new home construction, we are very fortunate in Chapel Hill to have several different neighborhoods to consider. Most of these neighborhoods are energy efficient at various levels.

Claremont, which is designed and built by Zinn Design Build (http://www.claremontchapelhill.com) offers homes ranging from $500-$750,000.  Each of these homes is designed by a woman, with a woman's understanding of how a home should flow best for families, and entertaining.  In addition, the standard kitchens are outstanding, the cabinets are a custom built (CAD Design) and literally feel as smooth as butter!  The tile work and lighting are unique to each home and design. The neighborhood clubhouse and pool are second to none!

Another new home neighborhood to consider is Winmore, built by Kovens Construction, Dixon & Kirby, Melville Builders, Pickett Land & Building, all oustanding builders. Each of these builders are locally owned and known for their high quality and unique wood work throughout.  Each home is custom built for the specific site in this community, and is priced from $300-$800,000.  This community includes single family homes, townhomes and the unique live-to-work homes.  These unique live -to-work homes are in the town center with the retail on the first floor, and private residence above.  A great community to come to know and live in  http://www.winmoreneighborhood.com.

Chacellors View is a new home community in the southern part of Chapel Hill.  It is a small enclave of executive homes on lots ranging from 1/3 - 1/2 acre lots ranging in prices from $900-$1M+.  This community is built by Kovens Construction and Hampton Green Homes. This neighborhood is in the newest high school district, Carrboro High School. It is a short and easy communte to UNC Hospital or University, approximately 15 minutes! These homes offer excellent quality and flow for easy, comfortable living!  http://www.chancellorsview.net/

 

We were all horrified when Fannie Mae limited investors to 4 financed properties last year.  This limitation certainly did not help the housing market.  The good news is that this month, Fannie expanded the guideline to allow 10 financed properties again.  This is great news to real estate investors who want to refinance or buy new property.

The new rule will allow up to ten financed properties, as long as certain requirements are met. The announcement states: " Fannie Mae is modifying this policy to allow investor and second home borrowers to own five to ten financed properties if they meet certain eligibility and underwriting and delivery requirements as outlined in this Announcement."

There are eligibility and underwriting requirements that must be met to qualify.  Some of the requirements are: a 720 minimum credit score, 70 to 75% maximum LTV/CLTV/HCLTV (depending on the transaction and property type), no delinquencies in the past 12 months, and no bankruptcy or foreclosure in the past 7 years.  Additionally, there are higher requirements for liquid reserves.