Archive for the ‘How to buy a home’ Category

2012 NC Energy Conservation Code – Why this is the time to act.

Friday, February 18th, 2011


As many of you know energy and water conservation is something I am very passionate about.  Last November I wrote about how many groups including the Triangle Chapter of  the US Green Building Council were asking our NC lawmakers, specifically Gov. Perdue to support a new improved building code that would require higher energy efficiency in commercial and residential building.

This new code will mandate a 10-15% residential and 30% commercial energy efficiency improvement from current code.  In addition it will provide a  ”Higher Efficiency Residential Option”  HERO Appendix to give guidance and recognition to builders that choose to build a home 15 – 20% more energy efficient than the new minimums.

The new NC Energy Conservation Code was voted on and approved by the NC Building Code Council on December 14 2010. The planned effective date of the 2010 NC Energy Conservation Code is January 1, 2012, but it still has to gain support  and be passed by lawmakers so there is no delay.

I spent the morning of Wednesday February 16th at the Legislative Building speaking with Senators and Representatives from our state and listening to various takes on why they think the new code is a positive move or a negative move.

There are a few lawmakers, which I won’t quote because I did not get explicit permission to do so, who feel that the code changes are long over due and that the efforts from 2006 and 2009 by the International Energy Conservation Code should have been acted upon sooner.

There are others however, on both sides of the isle, that think this is not the time to be bringing more regulations to an industry that has been hit hard already and is struggling to stabilize.

Being in real estate since 2003 and licensed since 2001 I have seen the market shift and trends come and go. What I see right now are more and more buyers asking about energy efficient homes that are built in the 250k price range and below.  There are some builders already building energy efficient homes one of which is a non-profit called Builders of Hope that have seen more activity and have sold more homes than most builders in the area. One of their agents told me that they sometimes have homes under contract even before there is a home on the lot. That is not typical of the industry at this time. This tells me that buyers are interested in buying green/energy efficient homes.  Now is THE TIME TO ACT and support the 2010 Energy Conservation Code especially because the activity has picked up. Buyers that are ready to buy are looking for smart homes not in the largest homes money can buy.  Another reason to support the 2012 NCECC now is that builders are going to start building  more  since the market seem to be picking up. Why not make those new homes as energy efficient as possible? Why not get a head start and help NC stand out and become a leader in this initiative?

I believe if we do this we will attract more conservation/alternative energy/green companies into our state resulting in more green jobs. We have the technology and we have the schools to do the research so let’s use our resources wisely.  I know it sounds too simplistic but we have to start somewhere and if we don’t let our lawmakers know what we support then they will only hear from the associations that tell them that the building and real estate industries won’t be able to survive this much needed change. The reality is that this is a change that is coming whether or not we want it to.

Here are the BENEFITS listed by USGBC in support of the new code

Benefit to Homeowners and Commercial Building Owners

  • NCECC is projected to save more than $40 million annually in energy bills.

Benefits to Economy

  • Utility savings equal more money for homeowners to spend locally
  • In this economy, the promise of a well-performing home is a true incentive to a potential home-buyer. ( and will influence their buying decision)

Benefits to North Carolina

  • Adopting the 2012 NCECC is a smart approach to the state’s long-term economic and environmental stability.
  • Buildings represent 40% of all NC Energy consumption.

Benefits to Green Schools

  • The NCECC would ensure that K-12 schools be built for long-term utility cost savings and enhance student and staff performance.
  • The USGBC also strongly supports a state green school caucus.

The key is to build in areas people want to live in, in a price range people what to buy, leave out some bells and whistles that can be added later by the buyer if they choose to do so, and  invest in making homes that are less expensive to maintain, heat and cool and are healthier to live in. I think MOST buyers would go for a  house like that don’t you?

Did you know that you could get up to $28,000 towards closing costs and down payment.

Friday, October 15th, 2010

You may keep hearing that this is a great time to buy a home. You may also be thinking yeah right?
I have had several people tell me that they are waiting until prices bottom out or until rates go down even more. While I completely understand why buyers are holding back I think it is important to share some information.

Over the past few weeks I’ve read articles that talk about the market bouncing back. Raleigh is one of the cities in the country that did not see the kind of decline that other cities in FL, NY, CA, and AZ saw. I’t been reported that the reason for this is because this area never saw the sharp double digit increases in the early to mid 2000′s. We have seen many many foreclosures and short sales which means people we did loose jobs and therefore some lost their homes, we have also seen homes underwater (when you own more than the home is worth). These two point combined make this area great for buying a home. Since in general the values have been stable or have not dropped significantly buyers can have the confidence that their purchase will hold it’s value especially if they buy well under market. If you fall in love with a home and it is selling at what the market says it should be selling at you can feel great about the fact that you are buying before prices start going back up again. Here is an article in Forbes.com that talks about Raleigh being a great place for real estate investors. Since your home is the largest investment you are most likely to make following their lead may help you find a great buy.

Forbes Article

I’ve also been hearing about how low the rates are right now. Is is almost unheard of to have a buyer’s market and low rates. I remember when we were all very excited in 2005 and 2006 about the rates being in the 6% range and at that time we were in a sellers market. I am now going to closings where my clients are getting 4.25%. If you are a buyer right not you can have your cake and eat it too. I is amazing to me that you can purchase a home for $154,000 and have a payment of $782.59 plus the escrows. You can buy a home $119,000 home for $585.41 a month plus the escrows. Even with escrows your payment will most likely be less than what you are paying in rent.

In addition to low home prices and low rates if you live in NC you can have access to a $8,000 grant that can go towards your down payment and closing costs. To find out more about this program you can visit.

$8,000 Down Payment Assistance

There is also a program that can lend up to $20,000 towards down payment and closing costs from the city of Raleigh and Durham. To find out more about their requirements visit.

Citywide Homeownership Program

If you think that this is a good time to buy and it make sense for you to do this at this time it is certainly a great time to buy. There are many resources that you can take advantage of that will help you put a budget together and make sure it is a good step for you at this time. You can visit CESI to get more information on their services.

CESI Education and Services

5 Tips on viewing homes with the kiddos

Tuesday, June 22nd, 2010
I’ve been showing homes to couples with little ones and I have a few tips. I get some great ones from past clients and from having to be creative with my two year old.

1. Keep little games or coloring books in a goody bag in the car and give them a new item between each home. Make it a theme goody bag.

2. Ask them to pick their room in each home, this keeps them excited about each one and makes them feel part of the process. [they usually go for the master =)]

3. Take breaks, this is a great idea for all involved. This way you can weed out the homes you don’t like and keep the top three in your brain and the kids get to stretch for a few minutes. If there is a park near by take advantage of it.

4. Most importantly don’t view too many homes. I have heard different numbers bounced around, there is no magic number but try to weed out as many home before you actually go view them. The reason for this is so you have enough time and energy to view the ones on your “I would love to live in this home” List.

5. Make sure they have snacks and have eaten well. Personally if I don’t eat well I have a hard time viewing homes all day. Snacks keeps them full and entertained and gives them something to look forward to.


If anyone has any other great ideas please share them here. I love hearing from everyone.