Housing prices in central North Carolina are up 40%+ over the past two years. Yet, for most of us, the largest component of our housing cost is unchanged. Why? Because virtually all mortgage loans written in recent years feature a fixed rate.
With rates now over 6%, your low, fixed rate is a valuable asset. When it's time to move, don't sell your home. LEASE IT!
Rents continue to rise nationwide, yet demand remains high. If purchased before the 2022 interest rate run-up, your home should generate steady cash flow well in excess of the cost of your loan. Recognizing this trend, many banks now allow rental income from your existing home to purchase your next one. Qualifying is easier than you might think.
We're property management experts. We can help find the perfect tenant and ensure you earn maximum returns. If you'd like to learn more, start a conversation below.
Central North Carolina includes a diverse blend of people, cultures, cuisines, employers, educators… and real estate. We’re experts in the latter. We represent buyers, sellers and investors of properties in Chapel Hill, Pittsboro, Hillsborough, Durham and the surrounding communities. Chris is a preferred realtor for Duke Health’s Physician Diagnostic Clinic, so is expert in relocation issues. Kevin is an expert in real estate investment and offers property management services in support of his clients.