Arthur's Blog

Price Reduced! - A Ranch on a 1 Acre Cul-de-sac Lot - $144,900

Arthur Poling (Keller Williams Realty) — Fri, 01 Aug 2008 17:45:52 -0500

Price Reduced! - A Ranch on a 1 Acre Cul-de-sac Lot - $144,900

112 Juniper Court Garner, NC 27529

The PolingTeam has just listed this lovely ranch in Johnson County North Carolina.

Live in the country and still be located with easy access to the Triangle Area of NC.

Here are just some of the features of this terrific Home:

Ranch style on over an acre of land
Rocking chair front porch with swing
Low maintenance vinyl exterior
3 LARGE bedrooms, 2 baths, 1500 square feet
Tiled floors in entry, kitchen, dining room and both bathrooms
Gas log fireplace in the family room
Cathedral Ceilings
42" wood cabinets in the kitchen
Refrigerator and stove convey
Just 2 miles from I-40-great accessibility!
No HOA dues!

Visit the home's website at: http://www.112JuniperCourt.com

Give us a call to see how this home can be yours!

Help for Foreclosures?

Arthur Poling (Keller Williams Realty) — Thu, 06 Dec 2007 19:47:30 -0600

Help for Foreclosures?

Once again, the media gurus are critical of the President's plan to help with foreclosures.
Why am I surprised? "So many today are expecting the government to bail us out from every mistake that is made.

Those that are critical say it only helps about ¼ million Americans while about1.2 million subprime borrowers are in trouble. Where is individual accountability? It seems to me that we need less government intervention than more.

Tax cuts are just one example of how less government is a benefit.

Some prefer no intervention while others want more. I would prefer to let the market determine what is needed.

One industry anylasist says, "Buyers who were expecting a "huge fire sale" on homes may not like the market to continue sinking. But at the end of the day it's going to
alternative of all those folks losing homes over the next five years.""

All in all, I hope the market will determine the direction for real estate. I trust it more than some government bureaucrat.

Impact fees may be increasing in Raleigh, NC

Arthur Poling (Keller Williams Realty) — Sun, 02 Dec 2007 16:52:04 -0600

The Mayor of Raleigh, NC is planning to move forward to raise impact fees on builders and developers of new housing in the city of Raleigh.

While it may not be a "politically correct" thing for a realtor® to support development fees, I feel this is the right approach. I would like to see new construction should pay its fair share of the impact it will have on roads, parks, water and sewer facilities and other infrastructure.

Currently the impact fee in the city of Raleigh, NC for a 2,500 to 2,700 square foot home is about $1,200. Mayor Meeker plans to raise it to about $2,500. While this doubles the fee it will not have a huge impact on the final price of a new home.

The mayor's opponents have said that this will slow growth in the Raleigh, NC housing market which is feeling the effect the housing market slowdown and the recent mortgage industry problems. I am not favoring slowing our growth, but I believe it should be done with proper attention to the cities ability to pay for and to support the growth. And it should be done in a fair manner.

While it is true that everyone can benefit from growth, I do not believe the numbers have been equitable in Raleigh for some time

I would like to hear how others feel about impact fees and how much they are in some other areas of the country.

Should we support the FHA Modernization Act of 2007?

Arthur Poling (Keller Williams Realty) — Wed, 28 Nov 2007 20:51:58 -0600

The House of Representatives passed H.R. 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007, on Nov. 15 in an effort to address the turbulence in the mortgage market.

The bill wouild require lenders tp require borrowers to have a reasonable ability to pay back a loan, bring mortgage brokers under a nationwide licensing registry, expand some limits on high-cost mortgages and establish some legal liability standards for mortgage

The bill, which seeks to curb abusive mortgage lending practices, would require lenders to make sure borrowers have a reasonable ability to pay back a loan, bring mortgage brokers under a nationwide licensing registry, expand some limits on high-cost mortgages and establish some legal liability standards.

The bill would also establish federal standards for appraisers and require certain borrowers to open escrow accounts along with their mortgages to protect against unexpected taxes and insurance premiums.

The bill has not passed the Senate

NAR is encouraging realtors® to contact their senator and encourage the passage of the bill. Before you do, I recommend you read the bill for yourself before contacting your Senator.

You can read the bill at FHA Modernization Act of 2007

If you need to know how to contact your Senator, click here: Senators of the 110th Congress

New Building Limits Proposed to Limit Residential Construction in the City of Raleigh, North Carolina

Arthur Poling (Keller Williams Realty) — Fri, 23 Nov 2007 13:56:05 -0600

New Building Limits Proposed to Limit Residential Construction in the City of Raleigh, North Carolina

A proposal that would have limited residential construction, specifically targeting older neighborhoods, gathered no support at Tuesday's City Council meeting.

The proposal would have limited the height of buildings and increased the setback requirements on side and backyards. It was proposed as a temporary measure and will automatically move on to the Planning Commission for review, it is likely that a different approach will be considered due to the overwhelming opposition. At the meeting Mayor Meeker recognized the need for redevelopment, but "new homes also need to fit into the neighborhood."

All of this comes about primarily because of some people's objections to tearing down older homes and replacing them with much larger homes. I personally do not see why this is a problem. Contrary to the unsubstantiated claims of some, the larger homes will only tend to increase property values and the values of the smaller homes as well.

The City of Raleigh has seen as significant increase in the number of tear downs inside the beltline and in the most popular areas of the city, this is likely to increase. I do understand the need for ordered growth, but I hate to see more government intervention into what a home owner can do to improve his property.

Great Buy in North Raleigh, NC - Popular Riverside Subdivision

Arthur Poling (Keller Williams Realty) — Thu, 22 Nov 2007 19:49:22 -0600

The Poling Team just listed this Transitional Home in North Raleigh, NC with an elegant 2-story entry.

At just $249,900, this 2573 square foot home offers great value in an ultra convenient location. Just minutes from I-540, this home is easily accessible to just about everything in the Raliegh, NC area.

Take a look at the podcast on our Raleigh Residential Real Estate Blog.

Features

Brick front and vinyl siding
2573 square feet
4 bedrooms, 3 full baths
Formal living spaces with crown molding and chair rail
Upgraded kitchen cabinets and gas stove
Hardwood floors through much of the first floor
Sizeable bonus opens to office or sitting room
Low HOA dues include community pool and tennis
Master bath with whirlpool tub and separate shower
Great schools! Great neighborhood! Quality craftsmanship!

Lot For Sale - Wake Forest North Carolina

Arthur Poling (Keller Williams Realty) — Sat, 17 Nov 2007 12:17:58 -0600

Looking to Build Your Own Home with a Great Water View?

Location: Wake Forest, NC

What a view! This unique lot is one of the few remaining where you can build your own home or bring your own builder. Enjoy the county setting with access to the pond in a great community. Good schools and close to Brevofield public golf course. Must start construction within 1 year of purchase.

Photo Gallery

Information

Contact Information

Art Poling

(919) 882-6010

Pricing

Asking Price: $86,000.00

Property Location

2004 Monthaven Drive
Wake Forest, NC 27587

Features

Acreage: 0.07

Zoning: Residential

Subdivision: Hillcrest Farm

School District: Wake

Agent Name: Arthur Poling

Broker: Keller Williams Realty

MLS #: 939258

VFLYER ID: 1143808

What is the absorption rate for current homes on the market in Apex, Cary and Morrisville, North Carolina?

Arthur Poling (Keller Williams Realty) — Wed, 14 Nov 2007 20:32:01 -0600

What is the absorption rate for current homes on the market in Apex, Cary and Morrisville, North Carolina?

First of all, let me define what I mean by absorption rate. Absorption rate is the number of months it would take to sell all the homes currently on the market if they sold at the current rate (number of homes sold through October divided by 10 months).

Even though the supply of inventory is up in all three of these areas, the absorption rate is still pretty good. Morrisville's supply for all residential property types is just under 3 months. Cary has a 3.2 month supply and Apex has a 4 month supply of homes for sale. When one examines just detached single family homes, Cary's absorption rate stays about the same and Morrisville moves out to about 4 months.

The selection of single family detached homes priced under $300,000 in this area is very limited. The list price of homes for sale is up in Cary, but is slipping in Apex and Morrisville.

Visit our website The Poling Team to see our real estate market update.

News for Raleigh, NC Home Buyers - Proposed Home Inspection Rule Change is blocked - Home Inspectors can still recommend repairs

Arthur Poling (Keller Williams Realty) — Mon, 12 Nov 2007 18:08:00 -0600

News for Raleigh, NC Home Buyers - Proposed Home Inspection Rule Change is blocked - Home Inspectors can still recommend repairs

A rule change that would no longer allow home inspectors to recommend repairs was blocked by State regulators on Friday of last week. Those in the real estate industry who were in favor of the change, felt that "the change would benefit consumers by standardizing all reports and making information uniform and readable throughout."

See the News and Observer article on this topic here: Home inspection limits scuttled

Contrary to some other realtors in the real estate industry, the Poling Team believes this is good news for Raleigh, North Carolina home buyers and sellers. I am a proponent of full disclosure for buyers and I believe residential real estate in NC should follow the lead of commercial real estate.

In fact, with the current Offer to Purchase and Contract form it is possible to submit an offer with an option to purchase under section 16 Home Inspections. A buyer can select Alternative 2 and pay an option fee to have the home taken off the market to allow time for inspections to be done and time to negotiate the repairs with the seller.

Should the seller choose not to make the repairs, the buyer can walk away from the contract with his earnest money (but not the option fee).

This is a much better solution to the repair request challenges that can be faced under Alternative 1.

Home for Sale in Cary NC - Live Large in this 2042 sq. ft. home!

Arthur Poling (Keller Williams Realty) — Wed, 07 Nov 2007 10:46:13 -0600

JUST LISTED! - 103 Mantle Court

Enjoy the landscaped yard and the quiet of cul-de-sac living from your peaceful rocking chair front porch in this well cared two story in an established Cary neighborhood The home features 4 bedrooms, a separate office, 2 ½ baths, a stone gas log fireplace in family room, a single car garage. The large screen porch affords almost year round living with our milder climate. The large private back yard features another deck and an above ground pool so you can enjoy every minute your summer time in your new home.

The home is well maintained with a roof that is only 5yrs old, it has new energy efficient windows that were installed this year and the AC and water heater were installed new in '05.

This home is conveniently located close to downtown Cary and the Research Triangle Park.

The home is priced to sell at $225,000.

Visit the website I have built for this listing at: Cary NC Home For Sale