• Located just over five miles from Raleigh is the new neighborhood at Southerby Bluffs in Garner.  These townhouses are now under construction and are located in a setting with walking access to shopping, schools, and other amenities.
• Main Street Square, constructed by Boylan Companies, has recently announced the grand opening of its Holly Springs community. Main Street Square is a 37-acre community that includes town homes, apartments and single family homes alongside 80,000 square feet of retail, office and restaurant space just off South Main Street in Holly Springs. Town home prices will begin in the mid $190s to over $250,000, according to the Drees Homes website.
• Downtown Raleigh is positively aglow with new projects. Most projects are urban in design, and provide a solid dose of modern living that has been missing in the Triangle until now.  Projects such as West at North, the L Building, Bloomsbury Estates, and 222 Glenwood are all in the works, and offer sophisticated urban style living in the heart of the downtown and Glenwood shopping and dining districts.
• If Midtown is more your style, check out the Lassiter, a 7-story residential building in the North Hills area.  Offering private gardens, underground private parking, and fitness facilities, units in this building will range from 1,200 to over 5,300 square feet.  Enjoy all that North Hills has to offer without having to get in your car!

With projects going on downtown, in Midtown, and beyond, there has never been a better time to find your dream home in the Raleigh area.  To get your home search started, please contact the Greater Raleigh Realty Team today!

1. Low Taxes – Cary is located in Wake County. Residents pay both a county and municipality tax on their home. If you do not live in a municipality, you only pay the county tax. Cary boasts the second lowest municipality tax rate in Wake County. The typical tax rate for a home is around 1%.  The tax amount is based on the appraised value of your home. A good way to figure out your tax value of your home is take the recent sales price of the property. There is also no school tax in Wake County.

2. The First Time Homebuyer Credit – The First Time Homebuyer Tax Credit has been recently expanded and extended. The new deadline is now April 30, 2010 to close on a home. You can also have a binding contract by April 30, 2010 and close by July 1, 2010. The new expansion of the credit now includes current homeowners. If you have lived in your current home for five consecutive years and purchase a new home before the deadline, you might be eligible for a tax credit.

3. Lots of Homes to Buy – The Raleigh NC Real Estate market followed the national downward trend when the economy started to shift two years ago. These events have led to more sellers and fewer buyers, a term commonly known as a “Buyer’s Market”.  Sellers are forced to be more negotiable because of the extra inventory in the market and fewer buyers.  Currently, there are over 1,000 Cary NC homes for sale, and the average time on market for a home is over 90 days. All of these facts help create more negotiating power for buyers.

4. Interest Rates – For the last year we have seen historically low interest rates. Clients have been quoted as getting below 4.5% for their rate. With rates this low it makes so much more sense to buy home in Cary instead of renting. One tip I give everyone is to shop around and talk with a few different lenders. Make sure you are getting the best rate for the best terms. A lot of the time one lender may have a slightly higher rate but not as many upfront charges.

5. Safety First – Cary has been recognized both locally, state wide, and nationwide as a safe Town. It is constantly in the top 5 safest Towns in America. Just recently it was named the safest Town in North Carolina. This accolade is very impressive considering the Town of Cary boasts a population of over 130,000 residents. It is these types of recognitions that help Cary maintain that small-town feel.

6. Cary Activities –Cary residents have a wide variety of activities at their finger tips. These include recreational, cultural, and social events. Within a 15 mile radius of Cary, there are over 2,000 restaurants and 30 movie theaters.  There are also dozens of parks, sporting venues and other forms of recreation. Things like State Parks, miles of paved walking paths, Nature Preserves or Skate Parks. You are sure to find plenty to keep the family entertained when living in Cary, North Carolina.

If buying a home in North Carolina is a decisions you are considering, Cary might be a good place for you to look. With low interest rates, plenty to do, and lots of inventory,  now is the best time to purchase a new Cary home.