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sale: Short Sales - 08/07/08 05:52 PM
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)

sale: Lovely Spacious Home On Landscaped Lot In Durham, North Carolina - 01/11/08 02:54 PM

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)

sale: Appealing Durham's Property Tax Valuation - 12/21/07 01:22 PM
If you own property in Durham you should have received the new tax value on your home from the County.  Property tax values increased significantly across the board.  The County stated that, on average, tax values were going to increase 30%. Although the tax values have increased substantially, the effect on your 2008 tax bill will be unclear until the new tax rates are set in June.  Typically, the city and county are revenue neutral when there is a revaluation.  I expect to see tax rates drop to compensate for the increase in tax values.  I will get back to you in 2008 … (0 comments)

sale: North Carolina Ranked First by Site Selection Magazine - 12/21/07 01:20 PM
North Carolina did it again!  For the third consecutive year, Site Selection Magazine has ranked North Carolina as the state with the “Top Business Climate."  North Carolina has actually achieved this status six times in the last seven years. States are ranked based on two equally weighted factors: 1) a survey of corporate site selectors asking them to rank their “top 10” states and 2) the amount of new plant activity in the state.  Site Selection Magazine stated that a significant number of corporate investors in North Carolina cited the state's quality of life, favorable business climate and access to top-notch academic and research … (0 comments)

sale: Two Green Building Projects in Chapel Hill - 12/21/07 01:17 PM
Chapel Hill has one green building project underway and another significant project at the proposed stage. Greenbridge is centrally located in downtown Chapel Hill not far from the entrance to Carrboro. This part of town is referred to as, “The West End.” The other project, referred to as “The Zero Carbon Project, if built will be located near the southern entrance to Chapel Hill. Both projects seek to promote human and ecological health by employing new construction methods and technologies; innovative renewable building materials; and new strategies to conserve energy and recycle materials.   Greenbridge, like the Zero Carbon Project, is a mixed-use residential project. The … (0 comments)

 
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Team Jodi - Chapel Hill Real Estate, Durham Real Estate

Chapel Hill, NC

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Jodi Bakst, Broker @ Chapel Hill Realty

Address: 6011 Farrington Road, Ste 102, Chapel Hill, NC, 27517

Cell Phone: (919) 697-5014

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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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