Green Haven Gazette

Looking for buying and selling tips on real estate? Check out the Green Haven Realty Blog. We write posts on local real estate trends for Winston-Salem, Clemmons, Lewisville, Advance, Kernersville, Greensboro, High Point and surrounding Triad (NC) areas, as well as market reports for Forsyth, Davie, Davidson, Guilford, Yadkin and other Triad counties as well as Neighborhood Market Reports (If you don't see your neighborhood listed, just ask and we'll be glad to add it). Let us show you how the latest technology can make buying and selling your home easier and faster.

Oct. 31, 2018

7 Essential Tips Every Home Buyer Should Know

Buying a Home Soon? Don't Miss These Essential Tips

Are you looking to buy a home soon in the Winston-Salem area? You don't want to miss these 7 essential tips for Home Buyers. And check out our home buyer tips infographic below.

7 Essential Tips Every Home Buyer Should Know

1. Get a Home Inspection

There are a lot of things to consider when buying a home, but condition of the property is near the top. A home inspector can evaluate visible and accessible systems and components of a home (roof, plumbing, electrical, etc.). The home inspector can provide you with the condition of the property on the day it is inspected, taking into consideration normal wear and tear. This will help you decide if you want to purchase the home or not.  After all, you don't want to buy a pig in a poke.  In North Carolina, the home inspection should be done during the Due Diligence Period along with your appraisal and loan approval.  If you are paying for the inspection, only a Licensed Home Inspector may perform the home inspection. You can read more about Home Inspections on the NC Real Estate Commission's website Questions and Answers on Home Inspections.

2.  Before You Start House Hunting, Get Pre-Approved

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Posted in REALTOR Tips
Oct. 17, 2018

Davidson County Lot for Sale

Nice 1-Acre Lot for Sale in Reeds Community

S. NC 150, Lexington, NC (Davidson County)

$23,500

This lot for sale in the Reeds Community is ready for you to come and build your dream home. Nice and flat, convenient to shopping, and good school zone. 

Davidson County Land for Sale Reeds Community

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Oct. 15, 2018

Former Bank Building for Sale or Lease

Former BB&T Bank Building for Sale or Lease in Denton, NC

94 N. Main Street, Denton, NC 27239

Sales Price: $299,000

Lease Rate: $3,400/month NNN 

+/- 2,300 SF

Zoning: B3

Below tax value.  The former BB&T bank building at 94 N. Main Street in Denton, NC 27239 in Davidson County is currently listed for sale or lease by Green Haven Realty. It is on a highly attractive corner lot at N. Main St and E. 1st Street with access from both streets. This commercial real estate building is a nice all brick building with drive-thru window and asphalt parking lot. There is also a separate drive-thru area for your ATM machine. Formerly a bank branch, it could also be converted for other use such as insurance, investment firm, CPA, various office uses, restaurant, or other commercial uses.  Occupant may reuse furniture, fixtures, safes/safety deposit boxes, etc.  Contact Green Haven Realty for additional info. Broker has ownership interest.

Davidson County Tax Information for 94 N. Main St. Denton, NC

Parcel #: 0704900750001

Pin ID: 6668-02-97-3838

Building Value: $301,340

Land Value: $17,180

Other Building Value: $5,900

Total Assessed Value: $324,420

former bank building for sale denton nc

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Sept. 26, 2018

Buying vs. Renting a Home

Advantages and Disadvantages of Owning and Renting a House

dropping off home keys

Are you a homeowner wondering whether renting makes more sense at this point in your life? Or, are you a renter tired of renting apartments and interested in buying your first home? If so, it’s time to evaluate the advantages and disadvantages of each option.

The U.S. rental vacancy rate was 6.8% in the second quarter of 2018, near a 20-year low. By contrast, home ownership sat 63.7% in the second quarter of 2018, near lows seen since the mid-1960s.

Given the expenses related to home buying, younger people begin their adult life by renting an apartment. As they shape their professions, save money, and begin families, many opt to purchase a home.

Homeowners nearing retirement, on the other end of the spectrum, may choose to become renters.

Before we look at the advantages and disadvantages of owning versus renting, let’s look at the costs associated with each option.

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April 29, 2018

Home Sales for March 2018

1st Quarter 2018 GDP Stronger than Expected

2-story Lewisville NC Home for Sale

The National Housing Market overall has been strong in most recent months as well as here in the Triad and Winston-Salem area. Much of the success in the housing market is a byproduct of a strong economy. The first quarter GDP was better than expected measuring at 2.3% above the consensus 2.0%. Consumer spending was weak as consumers recovered from the holidays, but this was offset by strong business investment from the tax cuts

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April 18, 2018

The Triad Real Estate Market is Hot!

Triad Real Estate Market is HOT hot as fire

If you are buying a home right now in the Triad area, you know how hot this market is. Many buyers are missing out on homes they are interested in, because another buyer beats them to it. It's not uncommon for a buyer in this market to miss out on four or five homes before they buy, because of competing offers. Over the last 3 months there have been 1,385 home sales in January, 1,478 sales in February, and 1,914 sales in March. Those were slight increases over 2017 for January and February and a 30 unit decrease for March. So far this month, there has been 828 home sales versus 1,860 for the whole month of April last year. Additionally, inventory levels are low, so there just aren't enough homes for sale for the buyers who are ready to buy

Triad Real Estate Market Reports

We have a number of real estate market reports available for various Triad locations including Winston-Salem, Clemmons, and Lewisville. We can add others with your request.  

We're Increasing Our Listing Inventory

This market needs more houses! With that being said, Green Haven Realty is in the process of increasing our listing inventory. If you've been thinking about selling, don't hesitate to contact us, and we're glad to help get your house SOLD! At least fill out our Property Valuation Form and get an idea of what your home might sell for. It's quick, easy and free! Click the link below!

WHAT'S MY HOME WORTH?

triad housing market is hot

 

June 23, 2017

U.S. Housing Market June 2017

U.S. Housing Market Highlights from Freddie Mac 

Here are highlights of the latest Freddie Mac Economic Outlook for the U.S. Housing Market for June 2017.

U.S. Housing Market Signs

  • May marked the 80th consecutive month of job gains. The unemployment rate dropped another 0.1 percentage points to 4.3 percent. Despite last month's lull in housing data, the economy will continue to bolster the overall housing market.

  • In April, housing starts fell 2.6 percent and permits for single-family homes also declined. After a strong March, home sales also a took a hit with new home sales falling 11.4 percent and existing

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June 21, 2017

Winston-Salem Ranks High for Young IT Professionals

Winston-Salem is 3rd Best City for Young IT Professionals

Winston-Salem, NC has recently been recognized as a "Best City" for young IT professionals. "Right Click" an online newsletter, which focuses on technology news, released their "2017 Best Cities for Young IT Professionals" list, and Winston-Salem is near the top.  Only San Antonio, TX and Savannah, GA ranked higher.  

Wake Forest Innovation Quarter Park

Winston-Salem has historically been known for tobacco and manufacturing, but business leaders realized that needed to change in today's high-tech new economy. The report mentioned

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June 16, 2017

Urgent Repair Program NC

Home Repairs for the Elderly, People with Special Needs & Low-Income

The Urgent Repair Program for North Carolina homeowners is a much needed program that can help people in need. Do you know anyone who is elderly, has special needs, or is low-income (below 50% of median income in their area) and in need of home repairs? This special program

through the North Carolina Housing Finance Agency (NCHFA) could be a huge help to them. This program will make emergency repairs to their house to correct unsafe or threatening housing conditions such as faulty septic systems, dangerous HVAC systems, or rotten flooring. This program can also pay for accessibility modifications that could help someone stay in their home after an injury or illness.

The assistance is provided through local governments and non-profits that determine eligibility. They will then contract and supervise the work once approved. Assistance is through an interest-free, deferred loan and might be forgiven at $1,000 per year to pay for the required repairs.  Please share this Urgent Repair Program for NC homeowners with anyone you know who needs this help! 

There are two other programs from NCHFA that can assist in home repairs depending on the homeowner's situation and income.

  1. Single-Family Rehabilitation Program :  for folks who are below 80% of the median income in the area.
  2. Displacement Prevention Partnership:  If your area is not served by an organization that offers the Urgent Repair Program

Visit the NCHFA website for more info on theses home repair assistance programs. Please share any success stories using the NCHFA Home Repair Assistance Programs in the comments below!

home repairs house logo

May 3, 2017

Forsyth County Real Estate Market - April 2017

What Buyers & Sellers Need to Know About the Forsyth County Real Estate Market

Hello, I hope everyone had a great April! If you're in the Forsyth County Real Estate Market, whether buying or selling, here are some stats you need to know.   

Forsyth County (NC) home sales continue to rise.  There were 517 sales in April 2017, which was up from 477 in April 2016. That is an almost 8.5% increase over last year and over 65% from 2012.  Much of this is due to a great deal of qualified buyers in the market to purchase a new home and continued low interest rates. 

Year to Date Home Sales - Forsyth County NC April 2012-2017

Forsyth County NC Real Estate Market - Average Days on the Market

In April 2017, the average days on the market for closed sales was 69 days. That was an improvement over last April's

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