north carolina: Pickett Crossing in Durham NC -- Open Floor Plan 10 Minutes to Duke University - 02/03/09 12:18 PM
Don't miss the opportunity with this home for sale in Durham's Pickett Crossing neighborhood. This home, which is located 10 minutes to Duke University and 10 minutes to Chapel Hill, is loaded with upgrades. It is a wonderful open floorplan with a fantastic fenced back yard. Click Here To View Virtual TourPowered by: ClassifiedFlyerAds.com Click here to learn more about Team Jodi and our services

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north carolina: Wow, Look At My New Property Tax Value, What Will My Tax Bill Be in 2009? - 01/15/09 12:44 AM
On December 10, 2008, I posted information stating that Orange County, North Carolina was ready to release the 2009 property tax revaluations.  By now, everyone has received letters from Orange County with the new property tax values for their homes.  I have received many, many calls and emails from clients, friends and people who have found me online asking me to look at their property tax values and to see if I think they are correct.  I have seen the gambit from under valued, to spot on, to over valued.  In those cases where the property tax values are excessive, I strongly urge people to contest … (2 comments)

north carolina: North Carolina's Governor Signs 3 Foreclosure Bills - 09/23/08 01:22 AM
In light of recent soaring foreclosure filings in North Carolina - 24% from June 2008 and 125% from July, 2007 - Governor Mike Easley signed a bill to offer relief to homeowners and banks alike. The North Carolina Foreclosure Prevention Project requires that both homeowners and the state's bank commissioner must receive 45 days notice before a foreclosure is filed and also allows the bank commissioner to extend any foreclosure filing notice by 30 days.  During this time, the state would negotiate with the homeowner and mortgage holder on their loan interest rate and payments. Easley estimates that that the law could help … (2 comments)

north carolina: Have You Had Issues With Buyer and Seller Clients That Are Divorced or Separated - 09/16/08 08:40 AM
Every year I seem to have the year of something.  One year it was the year of the cracked heat exchanger, or termites or structural issues.  Recently, I had issues with one seller client and one buyer client regarding their divorce or separation.
In the case of the seller, they did not have a lawyer involved in the process; they did all of the paperwork themselves.  I was told after asking repeated questions, that all of the paperwork was in order and recorded properly.  Prior to closing we found out that the final divorce paperwork had not been recorded.  This meant … (1 comments)

north carolina: Freddie Mac and Fannie Mae - 09/12/08 11:29 AM
I am sure you are hearing in the news about the Government stepping in to provide stability to Fannie Mae and Freddie Mac.  I received the information below from Robbie Oakes, a lender with Corporate Investors in Chapel Hill.  It is a great explanation of why this needed to happen. 
I did want to let you know that there has been an immediate effect on mortgage rates.  Today, they dropped about a .5 point and they could go lower.  Today's rates are:
5.375 for 15-year fixed
5.625 for 30-year fixed
Please read below if you want a great explanation for why this … (0 comments)

north carolina: New Tax Credit for First Time Home Buyers - 08/27/08 09:37 AM
Last week, the President signed historic legislation to spur growth in the housing sector.  An important part of legislation is a tax credit for first time home buyers.  Under the new law, beginning April 9, 2008 (yes this is retroactive!), first time home buyers to get up to a $7,500 tax credit from the purchase of a single family home, townhome, or condo. 
A first time home buyer is anyone who has not owned a home during the past three years and is a U.S. citizen who files taxes.  (Some homeowners that do not file taxes may qualify.  You can find … (6 comments)

north carolina: Answering the Tough Questions - 08/25/08 09:41 AM
Today a prospective homeowner turns on the T.V. or picks up a newspaper and hears little about the housing market but doom and destruction.  Foreclosures, mortgage-loan related bank failures, slow housing starts, and poor home sales dominate the news.  Tougher credit requirements are now the norm as a remedy to further financial trauma for consumers and banks alike.  All of this may lead a would-be buyer to quickly answer the question "Is now a good time to buy a home?" with a resounding "NO!" 
Before signing that apartment lease for another year, a would-be buyer scared off by current events in … (0 comments)

north carolina: Thinking of Stucco? - 08/20/08 06:08 AM
In North Carolina, sellers are required to disclose if a house's exterior is actually artificial stucco-EIFS Stucco-instead of concrete stucco.  EIFS is basically a form of styrofoam placed on the outside of the house with a "stucco" look-alike finish on the surface.  While a house with EIFS can absorb the inevitable settling of the house over time without cracking, it does come with other hazards.  Unfortunately, EIFS stucco applied on a wood-framed home (especially if not applied properly) tends to hold moisture inside the walls, which can cause the houses wood and frames to rot.  If you fall in love with … (1 comments)

north carolina: Energy Efficient Windows - 08/15/08 09:53 AM
Energy efficient windows are available in many shapes, sizes, and styles-single pane, double pane, and triple pane, casement and double hung and more.  There are energy efficient windows to meet any practical and aesthetic need.  Energy conservation in the home is no longer limited to only the plain and functional.Not only are energy efficient everyday window styles easy to find, but there are many other specialty styles that use the same energy efficient technologies.  For example, sliding patio doors and skylights can now be made of efficient materials, and bay windows can be built using various components of other energy efficient … (0 comments)

north carolina: Short Sales - 08/07/08 10:52 AM
What is and is not a Short Sale?
A short sale is an arrangement between a homeowner and their lending institution to accept an offer on the home for less than the total amount owed on the property. 
A bank-owned house, or foreclosure, is not a short sale.  A seller deciding to lower their price and take less profit is not a short sale.    To have a short sale, one of the parties has to be "shorted"; either the seller or the bank.
To further explain the difference; with a typical foreclosure situation, homeowners fall behind in their payments and the … (2 comments)

north carolina: Lovely Spacious Home On Landscaped Lot In Durham, North Carolina - 01/11/08 06:54 AM

This Lovely spacious home on a Landscaped lot in desirable Greyson's Green is located at 5 Petersburg Place. This 2 story home has a wonderful sized kitchen which is open to the adjoining family room and breakfast areas. The home has separate living and dining rooms for a more formal feel. The large master suite features dual vanities in the bath as well as a large garden tub, separate shower and a walk-in closet. The 2 secondary bedrooms have a "Jack & Jill" shared full bathroom. At just under 1900 square feet, this 3 bedroom, 2 ½ bath home has all … (2 comments)

north carolina: Is a 1031 Exchange Right For You? - 12/17/07 04:45 AM
You may have heard of people "exchanging" their investment property to avoid huge tax bites out of their sale proceeds. An exchange of real property can be a valuable tool to defer or avoid capital gains tax on real estate transactions. Section 1031 of the IRS Code offers real estate investors a great investment opportunity to build wealth and save taxes. By completing a 1031 exchange, you can dispose of investment property, use all of the equity to acquire replacement investment property, defer the capital gains tax that would ordinarily be paid, and leverage all of you equity into a replacement … (2 comments)

 

Jodi Bakst

Team Jodi - Chapel Hill Real Estate, Durham Real E

Chapel Hill, NC

More about me…

Team Jodi Realty

Address: 501 Eastowne Drive, Ste 140, Chapel Hill, NC, 27514

Mobile: (919) 697-5014

Fax: (877) 206-5036

If you are buying or selling in Chapel Hill, Carrboro, Durham, Hillsborough, Durham or Orange, Durham or Chatham Counties, you have come to the right place. Jodi Bakst and her Team of Real estate specialists provide seamless customer service for our buyer and seller clients throughout their relocation or move.


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