Coming Soon in Southern Wake County – 2505 Timothy Drive

Get out out of the city and into the charm with this ~2,500 sq. ft. traditional two-story home coming to the market soon. Located just off of Lake Wheeler Road near Hilltop Needmore, this beautifully-kept home on a .69 level, wooded lot is as easy drive into Raleigh, but without the city taxes!

Nestled in a great neighborhood with just the right amount of trees and privacy, this home has fresh, neutral paint, new carpet and is move in ready. The remodeled kitchen features ever-popular granite counter tops, maple cabinets and a brand new smooth top stove and microwave, too!

Hardwood floors are a nice upgrade in the foyer, family room and formal dining room and pair so nicely with the wood-burning masonry fireplace! Three bedrooms, two and a half bathrooms, and there’s even a gigantic bonus room – fit for all kinds of activities – with over 500 square feet ready for play, relaxation, work, or any combination of the above. Bathrooms are updated with tile and modern fixtures.

Priced ready to sell at $250,000, this is a deal that will be hard to beat in this condition and location! Contact me at 919-877-6708 or Renee@Renee-Sells.com to schedule your tour of this beautiful property.

No Writer’s Block Here! Coming Soon at 545 Writers Way

You’re not going to find very many townhouses with garages priced under $200,000 in Morrisville, NC – so if you’re looking for a low-maintenance lifestyle priced competitively at $173,500, be sure to make an appointment with me today to see this home soon.

Conveniently located near Davis Drive with sought after schools (check assignments here), this townhome features an open floor plan – easy for entertaining – with a family room complete with a gas log fireplace. It’s a must-have on cold snow days like this one!

The formal dining room overlooks a nicely laid out backyard – affording owners much-desired privacy – while keeping the “no maintenance” convenience in this townhome community. A galley kitchen with full sized pantry, upgraded cabinets, and refrigerator is staying for your convenience!

In the master bedroom you’ll find a vaulted-ceiling master suite with NICE walk-in closet, garden soaking tub and separate shower. This master retreat has all the right features! Each guest bedroom has ample closet space, too.

This neighborhood boasts a community pool, as well as accessibility to popular greenways, groceries and schools!

Contact me at 919-877-6708 or by email (Renee@Renee-Sells.com) to schedule a showing today. I can’t wait to show you your next home!

Coming Soon: 1104 Bayfield Drive

What a great find in West Raleigh!

Super close to Western Boulevard, US-1, and Crossroads Plaza shopping center in Cary, this three bedroom, three bathroom home includes countless upgrades and modern conveniences.

Outside, the yard features beautiful, established landscaping with drought tolerant Zoysia grass.

Inside, you’ll find hardwood floors throughout the first floor (formal rooms, family room, sunroom/office, kitchen), a completely updated kitchen with custom cabinets and island, quartz counter tops, stainless steel GE Profile appliances, and gorgeous natural light that pours in through windows backed with a lifetime warranty. You’ll also enjoy endless hot water with the Rinnai tankless water heater system.

Looking for a home for a larger family or one that includes space for the in-laws? The living room can be converted into a fourth bedroom here. Options abound!

The Sunroom/Office overlooks an awesome PRIVATE backyard, meticulously landscaped with large patio & storage shed!

This property will go on the Raleigh real estate market in early February, so contact me for a first look at 919-877-6708 or via email at Renee@Renee-Sells.com.

Coming Soon: 3608 Culater Court in North Raleigh

Make plans to see this North Raleigh home when it hits the market in February early, because it’s not going to last long!This home is located in a great cul-de-sac neighborhood location, but with quick access to Highways 401 and 540 as well as Wake Tech Community College’s North Campus.

Outside, several big trees have been removed to allow for plenty of play space and backyard entertaining. The exterior was painted in November of 2013, too!

Inside, you find lots of updates, neutral décor and finishes, new carpet, and new laminate floors. Lots of big costs have already been taken care of, including installation of a new heating/cooling system in late 2013 and water heater replacement in late 2010.

If you’re looking for an early spring closing, this home is move-in ready and will be available soon for showings. Contact me today via phone (919-877-6708) or email (Renee@Renee-Sells.com) to schedule a time to take a look in February!

Coming Soon: 6924 Middleboro Drive in Raleigh

Located in Raleigh, nestled between Lead Mine Road and Lynn Road, we’ve got a 3 bedroom, 2 and a half bath townhome… complete with bonus room and garage… coming this week at under $220,000!

With space to spare in the popular area of town, this property won’t be a listing for long, so drop me a line if you’d like to be one of the first to visit. I’m happy to work around your schedule to make sure that showings are convenient for you.

You can reach me anytime at 919-877-6708 or via email at Renee@Renee-Sells.com!

612 Skygrove Drive, Holly Springs, NC

Newest listing on market…612 Skygrove Drive, Holly Springs, NC

Look no further! Custom built DJF home with all the upgrades you would expect!

Site finished wide plank hardwood floors throughout first floor! Awesome trim package throughout house – what you would expect at $400k! Gourmet kitchen with staggered cabinets, larger working island with bar seating, very unique granite plus stainless steel appliances! Formal dining room with wainscotting & trey ceiling!

In addition there is a formal living room – ideal for home office or library! Family room with gas log fireplace overlooks courtyard type set up – think English Garden!
AHHHH a master suite with trey ceiling, double trim & spa like bath with dual vanities, garden tub, separate shower & walk in closet!
Guest rooms with shared tiled hall bath with new vanity! Convenient location to the new shopping in Holly Springs plus the recently opened 540 – get to RTP in no time!

Taxes, House Buying & Benefits from a CPA

Given it is that dreaded time of year for many of us I figured I would ask my CPA to “break down” the ins & outs of the closing statement and general information on tax advantages of home ownership!

Tim Eisel has been my CPA for several years & has worked with several of my clients. Feel free to contact him if you are looking to hire a CPA to prepare your taxes. He is a family man & a local business which I love supporting. His contact info is timeiselcpa@hotmail.com and direct 919 614 3213.

Here is what Tim had to say:

Tax benefits of home ownership

The American dream of owning a home has several benefits. A few significant federal tax benefits that may prove to be beneficial are listed below:

Home Mortgage Interest

One of the most important tax benefits of owning a home is the home mortgage interest deduction. Mortgage interest that is paid by the homeowner may be deductible. If you itemize deductions on your federal income tax return, you can generally deduct the interest that you pay on debt resulting from a loan used to buy, build, or improve your home, provided that the loan is secured by your home. Currently, interest paid on up to $1 million in mortgage debt may qualify for the interest deduction. If your mortgage loan exceeds $1 million, some of the interest that you pay on the loan may not be deductible.
Home Equity Loan Interest

The interest that you pay on a qualifying home equity loan or line of credit is generally deductible regardless of how you use the loan proceeds. Interest on home equity loans of less than $100,000 may be deductible as an itemized deduction on your federal tax return.

Mortgage insurance

For 2012, qualified mortgage insurance premiums may be deductible, provided that the insurance is associated with home acquisition debt, and is being paid on an insurance contract issued after 2006. Home-owning families who itemize their deductions on their federal return and have not exceeded the income limits can qualify for the deduction.

Real Estate Taxes

If you itemize deductions on your federal tax return, real estate taxes that you have paid on your property are generally deductible.

Closing Costs/Settlement Fees

Whether you obtain a loan to purchase a home, or refinance an existing loan on your home, you’ll probably be charged closing costs. Closing costs may include points (also referred to as origination fees), appraisal fees, prepaid interest/taxes, legal fees, title search fees, and document preparation / processing fees. These costs are normally listed out in detail on the Good Faith Estimate. Some of these costs are deductible on your federal tax return if you itemize, and others may be added to the cost basis of your home.

Points, prepaid interest, and prepaid taxes may be eligible for deduction on your federal tax return in the year that you pay them if you itemize deductions and meet certain other requirements.

Other settlement fees/closing costs are generally not deductible on your tax return. Instead, you may adjust your tax basis in your home to reflect certain closing costs, such as: abstract fees, recording fees, legal fees, owner’s title insurance, and transfer or stamp taxes, to name a few.
Home Improvements and Repairs

Home improvements and repairs are generally nondeductible. However, improvements may be used to increase the tax basis of your home. Improvements add value to your home, prolong its life, or adapt it to a new use. A repair simply keeps your home in good operating condition. Regular repairs and maintenance are not considered improvements and are not included in the tax basis of your home.

Energy Tax Credit

If you make certain improvements to your home that improves your home’s energy efficiency, you may be eligible for a federal income tax credit.

Capital Gain Exclusion On Sale of Home

If you sell your principal residence at a gain, and meet all the requirements, you may be able to exclude some or all of the capital gain (up to $500,000 if you are married and file a joint return) from federal income tax. In general this exclusion can be used only once every two years. To qualify for the exclusion, you must have owned and used the home as your principal residence for a total of two out of the five years before the sale. If you sell your principal residence at a loss, you generally can’t deduct the loss on your tax return.

This information is intended to provide generalized guidance that is appropriate in certain situations. It is not intended or written to be used, and it cannot be used by the recipient, for the purpose of avoiding federal tax penalties that may be imposed on any taxpayer. The contents of this information should not be acted upon without specific professional guidance.

Have a great week & as always if I can help you with anything real estate related give me a call!

2907 Berkeley Springs Place, Raleigh, NC 27616

Who says renting is cheaper than buying?!

A great opportunity to own a townhome that has been lightly lived in & has all the conveniences you can imagine! Triangle Town Center is literally around the corner, along with several additional shops & eateries. If you like shopping you will be in your glory – Saks Fifth Avenue, DSW, Dick’s Sporting Goods, you name it. Access to 540 is super easy along with Capital Boulevard. Take a look at this Google Map so you can search more things nearby. If you like exploring parks – there are plenty of options by here including Durant Nature Park & Millbrook Exchange Park & Community Center. This townhome is move in ready, neutral decor & a great buy. Start putting your money into something than nothing. The interest rates are great right now. If we can assist in anyway feel free to give Renee a call at 919 868 4383 or email Renee@Renee-Sells.com

Relocating to the Big City

Moving from a small town or suburb to a large city can be an intimidating proposition. Here are a few tips to help make your move as painless as possible.

Research before you move. It’s important to understand the culture you’re joining. Do research online and find out about school systems, neighborhoods, parking, weather, public transportation, and laws that are native to that area. If you can, visit a city before moving and connect with someone who’s lived there before.

Have a plan. There are a lot of steps to go through before you start packing the moving truck. Find housing before you leave, or at least know where you’ll stay while you look for a home. Never sign a lease on an apartment that you haven’t seen. If you can’t get there, find a friend or an employer to check for you. Have a job waiting for you, or if that’s not possible, know what you’ll do for money in the first few weeks of living there. Try to line up things like driver’s licenses, car insurance, renter’s insurance, and parking passes ahead of time as well.

Get involved. Meeting people in a big city can be daunting. Don’t expect the neighbors to knock your door down with a casserole when you arrive: city life is often too noisy and hectic. Take the initiative. If there are things you liked to do in your town, find ways to do those things in the city. Try new things. Volunteer. Big cities offer so many opportunities to engage other people, so find what you like.

Mind your wallet. City life is expensive. Everything costs more: food, insurance, clothes, rent. There are also a lot more ways to get ripped off, whether legally or criminally. Be careful how you spend, and know where your money is going.

5 Tips for Buying a Home

Looking to buy a home? Here are five essential tips for making the process as smooth as possible.

Get your finances in order.

Start by getting a full picture of your credit. Obtain copies of your credit report. Make sure the facts are correct, and fix any problems you find. Next, find a suitable lender and get pre-approved for a loan. This will put you in a better position to make a serious offer when you do find the right house.

Find a house you can afford.

As with engagement rings, there’s a general rule of thumb when it comes to buying a home: two-and-a-half times your annual salary. There are also a number of tools and calculators online that can help you understand how your income, debt, and expenses affect what you can afford. Don’t forget, too, that there are lots of considerations beyond the sticker price, including property taxes, energy costs, etc.

Hire a professional.

While the Internet gives buyers unprecedented access to home listings and resources, many aspects of the buying process require a level of expertise you can’t pick up from surfing the web. That’s why you’re better off using a professional agent than going it alone. If possible, recruit an exclusive buyer agent, who will have your interests at heart and can help you with strategies during the bidding process.

Do your homework.

Before making a bid, do some research to determine the state of the market at large. Is it more favorable for sellers or buyers? Next, look at sales trends of similar homes in the area or neighborhood. Look at prices for the last few months. Come up with an asking price that’s competitive, but also realistic. Otherwise, you may end up ticking off your seller.

Think long term.

Obviously, you shouldn’t buy unless you’re sure you’ll be staying put for at least a few years. Beyond that, you should buy in a neighborhood with good schools. Whether you have children or not, this will have an impact on your new home’s resale value down the line. When it comes to the house itself, you should hire your own home inspector, who can point out potential problems that could require costly repairs in the future.

What Clients Say About Renee: The Wassermans

“Renee helped us buy our new home in Durham. She was always willing to go the extra mile, even after we had signed a contract to buy a soon to be built home. Since we live in SW Florida, she did most of the inspections herself as well as arranging for professional inspectors where appropriate. She even took videos of the inside and outside so that we would have something besides plans to show to our friends and relatives.”

Having great resources in professional vendors who provide high-quality service are just one of the assets that I offer clients – both local and remote.

Give me a call at 919-868-4383 or email me at Renee@Renee-Sells.com to talk about how I can help you with your next real estate project!

What the seller says about 819 Shackleton Road in Apex, NC

I always like to ask the seller specific questions about their house. It is definitely a great perspective on living in your new area & home. Take a look!

Things you love about Apex:

Apex is a great place to live! Love the downtown area and what an overall nice and safe community it is. The town has grown a lot in the last 10 years that I’ve been here but it has managed to keep its small town feel.

Where do you love to eat:

Love going downtown to eat at Peak City Grill and Salem Street Pub (the Mexican restaurant is also great). Otherwise, Daniel’s on 55 is a favorite.

Where do you do your grocery shopping & other conveniences:

I do most of my shopping at the Walmart on the Peakway since it is so close….walking distance! Otherwise, I like Lowe’s Food. I’m excited that Costco opens in 2015.

What were you drawn to when you bought your home:

The big front window and the private back yard which can be hard to find in Apex. The house has a nice layout and I love the big main room.

What do you love/enjoy about the area:

The convenience to major roads in every direction (US1, 540, 65, 55) has always been a huge plus for me. I always say that you can get almost anywhere in the triangle in 20 minutes. The parks in Apex are also great and there is something for everyone.

Tell us something about your neighborhood:

The best thing to me about the neighborhood is how quiet and safe it is. It is a great place to walk or job and the people are nice and friendly.