Annie Meadows with Hudson Residential

Raleigh Real Estate Agent with Hudson Residential

Selling

Recent Buyer and Seller Transactions as We Head Into Summer

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Buying and Selling in Downtown Raleigh

Annie Meadows at Hudson Residential Sellers and Buyers Courtney Cody and Charlie

I recently had the pleasure of working with this awesome couple and their sweet daughter to sell their all-brick ranch near Downtown Raleigh. 1308 E. Lane Street is under contract as of May 29, 2020.

Now Showing: 1308 E. Lane Street - Raleigh, NC 27610

1308 E. Lane Street sits on a spacious, secluded lot and was completely remodeled just last year. Tasteful touches inside and out blend with a seamless floorplan to give a perfect mixture of comfort and security. I knew this property would not be on the market long which made me so excited when we found their new home on E. Davie Street in Raleigh.

Annie Meadows Real Estate at Hudson Residential - Buyer Closing - 1400 E Davie Street Raleigh

This wonderful brick ranch home with a full basement is perfect for their family. The living room, family room, sunroom, dining room, and kitchen all have great natural light and there is so much potential with the basement level. I know they are going to love the huge fenced back yard and two-car garage. Plus, they are directly across the street from Roberts Park yet still convenient to Downtown Raleigh.

Congratulations, Courtney, Cody, and Charlie. It has been a pleasure working with you!

Recent Buyer Transaction: 2456 Milburnie Road, Raleigh

Annie Meadows Real Estate at Hudson Residential - Buyer Closing - 2456 Milburnie Road Raleigh

Timeless brick ranches have long been a buyer favorite due to their low maintenance upkeep and as you can see from their latest closings, they’re still a popular choice today. I also want to congratulate one of our recent buyers on their new home that is currently under contract in the rapidly growing Longview Park. It is just a quick bike ride or drive into Downtown Raleigh. There were lots of interior and exterior updates including new appliances, lighting, plumbing fixtures, hardwoods, and more. This is a great home and I am so excited for my client.

Ready to Find Your Downtown Raleigh Home?

Annie Meadows real estate agent with Hudson Residential in Raleigh, NC

Looking to move into the city? Prefer something “outside the beltline”? No matter what your price range is or what area you are looking to move to, I am here to help. Give me a call at 919-961-3277.

We Are Not in a Housing Crisis: Here Are Three Reasons Why

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COVID-19 has brought fear, pain, and uncertainty for many people. During these troubling times, it is important to stay educated and up-to-date with the latest information. You may have heard that we are in a housing crisis, but I am here to hopefully help calm your fears and give you the facts on this topic. As always, I am just an email away if you have any questions or just want to talk.

We Are Not in a Housing Crisis: Here's Three Reasons Why

1. Today’s market is vastly different from 2008. We all remember the market crash of 2008 but luckily, this is not 2008. As a refresher, the stock market crash of 2008 was the biggest single-day drop in history up to that point. The aftermath of this catastrophic financial event wiped out big chunks of Americans’ retirement savings and affected the economy long after the stock market recovered. The stock market crashed because too many people had taken on loans they couldn’t afford. Lenders relaxed their strict lending standards to extend credit to people who were less than qualified. This drove up housing prices to levels that many could not otherwise afford.

The good news is, today’s market conditions are far from the time when housing was a key factor that triggered a recession. We have easy-to-access mortgages, a surplus of inventory, and excessive equity tapping. You can rest assured that housing is not something that would take us back to that time.

According to Danielle Hale, Chief Economist at Realtor.com, if there is a recession, “It will be different than the Great Recession. Things unraveled pretty quickly, and then the recovery was pretty slow. I would expect this to be milder. There’s no dysfunction in the banking system, we don’t have many households who are overleveraged with their mortgage payments and are potentially in trouble.”

2. Even if there is a recession, this does not mean there will be a housing crisis. If you look at the past five recessions in U.S. history, home values actually appreciated in three of them. In 2008, home values did drop by almost 20% but in the four previous recessions, home values depreciated only once (by less than 2%). In the other three, residential real estate values increased by 3.5%, 6.1%, and 6.6%.

3. While we don’t know the exact impact the virus will have on the housing market, we do know that housing isn’t the driver. COVID-19 has no doubt impacted our economy and will continue to do so. However, everyone needs a place to live and this is not going to change.

Concerns about a recession are real, but housing is not what is causing it. If you have questions about what it means for your family’s home buying or selling plans, give me a call at 919-961-3277 or email me at Annie@HudsonResidential.com.

Source: KeepingCurrentMatters.com

Sold: 1308 E Lane Street

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I love helping clients not only sell their current home but also find their dream home! Remember 128 Stone Wall Road in Pittsboro? You may not because it was only on the market for one weekend. The past owners of that home, are now the proud owners of 1308 E Lane Street in Raleigh. It was exciting to help this great couple sell their home, but I was even more excited when we found them their new home in the exact location they were looking for.

A Little about Their New Home

This Pittsboro couple wanted to relocate to Raleigh to be closer to work and 1308 E Lane Street was the exactly what they were looking for. It is just minutes from downtown, located in trendy College Park. Inside this unique home, you will find that it has been completely remodeled. Tasteful touches blend spectacularly with a seamless layout and all new mechanical systems (electrical, plumbing, HVAC, & more) to give a perfect mixture of comfort and security.

The outside of this all-brick ranch has also been remodeled. We especially love the custom-built backyard patio! Check out some of the photos below.

Buying, Selling or Both?

I am your girl! Give me a call at 919-961-3277 to start your real estate search today.

Why You Should Get an Inspection Before Listing Your Home

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You’ve decided to sell, but is your house really ready? A home inspector’s green light will put your mind at ease and give you the edge in a competitive market.

Most homebuyers who apply for a mortgage also request an inspection. If you have bought a home before, you know this is a smart idea. Inspections can reveal hidden flaws and potentially pricey repairs. Most sellers wait for the buyer to request the inspection, however, there are lot’s of benefits to getting your home inspected before you put it on the market.

  1. Reassure prospective buyers. Providing a pre-inspection assures the buyer that no major surprises are in store. Though they still may want to do their own follow-up inspection, they will at least feel more comfortable about making an offer.
  2. Have a better idea of what to make your asking price. You usually determine your final selling price long before the inspector ever sets foot inside your door. This can be scary because you could be forced to drop the price significantly in the end if a major problem is uncovered. By getting the inspection early,  you can set your asking price accordingly and find out if you are in a position to play hardball if the buyers come back and ask for a lot of repairs or changes.
  3. Buy time and save money. If an inspector finds a problem during the home inspection, you may only have a few days to decide whether to make the repair or adjust the sale price of the home. If you get your inspection done ahead of time you can compare prices and treatment options from a variety of contractors.
  4. Prevent repeat repairs. When you are getting your home ready to sell, chances are you will try to fix a few things up ahead of time. For instance, if your toilet has not been flushing right, you may try to fix it yourself or pay someone to fix it. However, after the inspection, you could find that the problem was actually in your septic system. Get the home inspection before you start making any changes so you can invest your money correctly.

Source: HGTV.com.

Getting a home inspection early can save you hundreds of dollars and time in the long run. Feel free to give me a call at 919-961-3277 if you are looking for home inspector recommendations.

 

The Market is Hot: Reasons to Sell This Summer

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Not sure when to put your home on the market? Here are a few reasons that this summer may just be the best season for selling your home!

Demand is high!

The Triangle is booming right now and buyers are ready to make a purchase. Houses are not staying on the market very long and many times there are multiple people competing for the same home. Take advantage of the buyer activity and start preparing your house to list this summer.

Supply is low!

Summer usually has fewer homes on the market, yet we still have tons of buyers making this the perfect time to get the best price for your home.

Ready to move up?

If you are looking to sell your home and purchase a premium or luxury home, now is the time to do it. The inventory of homes for sale at these higher price ranges has forced these markets into a buyer’s market. This means that if you are planning on selling a starter or trade-up home, your home will sell quickly, and you can find a premium home at a good price. Prices are projected to appreciate over the next year. If you wait to move into a luxury home, it could end up costing you a lot more.

Things are fast and simple right now.

Today’s competitive environment has forced buyers to do all they can to make their offer competitive. This includes getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler as the buyers know what they can afford before they start looking for their home. You know that the people looking at your home are serious and have the money to back it up.

Is it time to move on with your life?

Whether you are downsizing, upsizing or something in between, you have the power to control the situation. Look at the reason you decided to sell in the first place and determine whether it is worth waiting until later in the year to move. No matter what, live the life you love!

Sold: Wonderfully-Maintained ITB Home Near Cameron Village

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My colleague Ryan Boone and I are so excited to be bringing this beautiful, 2,021 sq. ft. ITB home that has been lovingly maintained to the market on Thursday, April 5, 2018.

April 9, 2018 Update: After a busy weekend of nearly 20 showings and many offers, we’re officially under contract on Van Dyke Avenue!

Like to entertain? Check out this gorgeous backyard that is already professionally landscaped for you!

Being able to walk places a must on your list? Well, this location doesn’t get any better. Walk to your favorite shopping and dining spots in Cameron Village or Hillsborough Street.

Peek Inside

Upgrades Galore

There is a long list of upgrades and nice amenities that have already been completed for you here at 2607 Van Dyke!

Between 2012 and 2013, a whole-house water filter was installed alongside a new tankless water heater. Not to mention, a new furnace, too. New appliances, like the GE stainless refrigerator, began making their way into this lovely home at that time, as well. Next came a kitchen remodel (Quartz countertops, soft-close drawers and cabinets, pull-out shelving in the butler’s pantry, and more…)

In 2016 and 2017, a new heat pump was installed, followed by new AC units – upstairs and down!

Inside, there’s also a walk-in attic off of the master closet, a laundry room conveniently attached to the master suite, basement storage and 1,040 unfinished square footage in the garage and basement that you can use to your heart’s content.

Outside, you’ll find an in-ground sprinkler system, landscape lighting, French drainage installed from back to front, and more.

Please contact me today to schedule your showing: 919-961-3277 or annie@hudsonresidential.com.

Top Home Trends for 2018

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Looking to sell in 2018? You will want to keep these top home trends in mind! Learn more at Lonny.com.

Smart Homes – There are just so many choices between lighting, watching TV, listening to music, security, controlling the thermostat, communication, and most all can be done from your phone.

Outdoor Living – Capitalize on available and unused yard space by creating multi-functional entertaining areas.

Spa Bathrooms – Why wait to go to the spa to get that amazing aesthetic? Instead, transform your bathroom into a total escape.

Mixed Metallics – Renovating a bathroom? Don’t worry about matching up your fixtures with your hardware. Don’t forget about matte metallics, either. I love a good black light fixture thrown into the mix!

Statement Ceiling – Adding pops of color or patterns to walls is great, but have you ever thought of putting a pop of color on your ceiling?

Colorful Doors – Give your guests a bright and cheery welcome with a door that isn’t just any old basic shade. A colorful hue is always appreciated – and most likely going to be Instagrammed.

Large Wall Art – Say goodbye to the gallery wall and hello to huge art pieces that will take up blank space in your home.

Source: Lonny.com.