NEW LEGACY REALTY

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Sheryl Merritt, CEO/Broker

  • Single Story For Sale in School Acres

    Front of home
    Established Neighborhood

    • 947 sq. ft., 3 bdrm single story - MLS® $99,900 - Priced to Sell

    Property information

  • 4617 Thurmount Place in Hedingham is Sold!

    Sold

    Hedingham, Raleigh  -  The 1 1/2 story at 4617 Thurmount Place has been sold.

    Property information

  • Spring Promotion

    Low interest rates and falling home prices make it a perfect time to purchase a new home.  The new federal tax credit of up to $8,000 is a great incentive to purchase by year end. Click here to learn more http://www.irs.gov/newsroom/article/0,,id=204672,00.html

    We are also offering a stimulating incentive.  If you purchase a home from New Legacy Realty between April 1, 2009 and June 30, 2009, you will receive up to a 1% buyer rebate*.  Example:  purchase price $235,000, $235,000 x 1% = $2,350.  That's right, you get a credit of $2,350 from us. Call our office or one of our brokers directly to schedule your home buying tour today.

    HAPPY HOUSE HUNTING! 

    *Special conditions apply.

  • Raleigh Rental Ordinance

    Raleigh has a new property rental ordinance.  If you own rental property in the city, you must register the property(ies) and pay a registration fee.  The deadline for registration is April 30, 2009.  For additional information, please click on the following link.

    http://www.raleighnc.gov/portal/server.pt/gateway/PTARGS_0_0_306_200_0_43/http;/pt03/DIG_Web_Content/category/Business/Rental_Dwelling_Registration/Cat-Index.html

  • Price Reduced on 604 Hanska Way in Village Lakes

    Village Lakes, Raleigh  -  Announcing a price reduction on 604 Hanska Way, a 2,233 sq. ft., 2 bath, 3 bdrm 2 story. Now $169,900 - Price Reduced for 10 days.

    Property information

  • Open House - 604 Hanska Way - January 24, 2009 from 1p.m. to 4 p.m.

    Note that this information is outdated.

    10-DAY SALE! Purchase this lovely home between January 15th and January 24th for only $160,000. That's $20,000 below tax value. Call Sheryl at 919-332-8935 for an appointment today.

    When/Where: 604 Hanksa Way, Raleigh, NC 27610/ Saturday, January 24, 2009 from 1p.m. to 4 p.m.

  • Open House in Village Lakes on Saturday

    Village Lakes, Raleigh  -  We invite everyone to visit our open house at 604 Hanska Way on January 24 from 1:00 PM to 4:00 PM.

    Property information

  • Summer Promotion

    Note that this information is outdated.

    Buy a new home between June 20th and September 20th and receive a $500 buyer rebate.

     

  • Downtown Live Concert Schedule and Movie Schedule - Raleigh, NC

    Note that this information is outdated.

    Below is the list of the city of Raleigh's live concert and movie schedule for summer 2008. The event is held every Saturday from May 31st through September 6th at Moore Square at the corner of Blount and Hargett streets. The concerts begin at 2:00 p.m. and last until 11:00 p.m. Movies begin at 8:00 p.m. and end at 11:00 p.m. Bring the family and come out for an evening of fun in downtown Raleigh. 2008 Bud Light Downtown Live Series * June 28 - Carbon Leaf, Colorside, Bill West & Sunshine Kid, Blind Melon * July 12 - Alter Bridge, Tantrick with T's, Kennebec, Cori Yarckin * July 26 - The Old 97s, w/Balsa Gliders, Ricky Bacchus & Luckiest Girls * Aug 9 - Bad Company featuring Brian Howe, with Will Hoge, Jim Bianco * Aug 23 - Puddle of Mudd, Eve , with Saving Abel, Rev Theory 2008 Movie in the Market * June 21 - Shrek the Third * July 5 - Close Encounters of the Third Kind * July 19 - Charlie Wilson's War * Aug 2 - The Bourne Identity * Aug 16 - Bucket List * Aug 30 - Nim's Island * Sept 5 - TBA * Sept 6 - Transformers

    When/Where: Every Saturday through September 6, 2008

  • What is loss mitigation?

    Good day:

    With the current foreclosure crisis, you may be hearing the term "loss mitigation" a lot these days.  But what is it?  Before answering this question, if you are in danger of losing your home to foreclosure the thing you do not want to do is act as if it is not happening.  Now, to answer the question about what is loss mitigation.  Loss mitigation describes the various techniques that can be used to possibly save your home from foreclosure.  Do you remember that document you signed at closing called a mortgage or deed of trust?  Well, that is where the details of what will happen if you run into trouble paying your mortgage resides. So, I'd advise you to pull out the old paper and begin reading. Now, don't stop here.  Get on the telephone and contact your lender.  Be sure to ask for the collections or loss mitigation department.  Believe me folks. the bank really doesn't want your home.  They want the money you owe them. 

    Once you have a live person on the phone, begin the discussion by asking what are your options for saving your home.  Now let's be realistic here.  If you can no longer make the payments due to the four D's: divorce, death, debt or delusion, you may want to consider other alternatives versus loss mitigation.  Also, if you've been downsized, right-sized or just can't afford the payments anymore (perhaps due to high gas prices) again, you may want to consider alternative options such as selling, leasing with option to buy to another qualified person, renting etc. (This is a whole nother topic that will be discussed in another blog soon).  

    The types of loss mitigation techniques include:  repayment plan, special forbearance (FHA loans), loan modification, VA loan modification/refunding and partial claim. For some reason if you don't feel comfortable speaking with your lender about your situation, here is where I'd advise you to contact a professional in loss mitigation techniques. You may begin with your mortgage or real estate professional. Be sure to ask them if they have experience in dealing with loss mitigation.  If they say no, perhaps they can refer you to someone.  The thing you shouldn't do is nothing.  Also, know there will be fees involved with hiring someone to assist you with this process. Find out what the cost will be up front for their assistance.  Lastly, don't accept advice from those who are not experienced.

    If you didn't know what loss mitigation was I hope this has enlightened you somewhat.  If you're in danger of losing your home...take the next step.  Make the call. 

     

     

     

  • The heat is on!

    Whoa!  Talk about summer coming in with a bang.  The temperatures in North Carolina are poised to hit between 95-100 for seven days straight....shattering all kinds of records.  Wake County traditional schools end on Tuesday, June 10th and you can be sure most of the kids will be hitting the pool that afternoon.  At least I know mine will. 

    With these temperatures you can be sure the HVAC industry will see a spike in service calls. Here are some tips from Progress Energy to keep your AC humming during this time of extreme heat.

    General Cooling Tips

     

    Of course, the best way to reduce your air conditioning bills is to reduce heat in your home, especially during summer months. The tips below can help reduce the workload on your air conditioning solution:

    • Set the temperature a little higher. Most people can be comfortable with a setting of 78-80 degrees Fahrenheit, plus you'll save 7 percent to 10 percent of your cooling costs for each degree above 78.     
    • When you leave home, turn off the air conditioning or set the thermostat up a few degrees.     
    • Be sure your filters are clean. They should be checked monthly. (Remember to check filters that may be in a unit located in the attic.) Coils of an outdoor unit should be free of debris and not blocked by plants, shrubs, etc. Be sure the return air grill inside your house is not blocked by furniture or other items. (If you have more than one return, check them all.) A return needs a free flow of air for the air conditioning to operate most efficiently.     
    • Keep doors and windows closed when air conditioning is on. Turn off kitchen or bathroom exhaust fans when your air conditioning is operating.     
    • Caulk and weather-strip leaky windows and doors.     
    • Use a ceiling fan or portable fan to supplement your air conditioning. A fan can make you feel three to four degrees cooler (and only costs a half-cent per hour to operate) so you can set your thermostat a few degrees higher and save on cooling costs. Use in occupied rooms since fans cool people, not rooms. As a safety precaution, turn off ceiling fans when you leave your home.     
    • For central air conditioning systems, keep the fan switch on your thermostat in the "auto" position when cooling. This gives you better cooling and humidity control. Having the fan switch "on" continuously could cost $25 extra a month on your electric bill.     
    • Use shades or drapes to block the hot sun from heating up your home. Use awnings, trees and shrubs to shade your home.  
    • Use your microwave or countertop appliances for cooking instead of the oven or stove.   
    • If you suspect your air conditioning system is not cooling properly, have it checked promptly. A unit that is having operational problems can cause extremely high bills.     
    • If your air conditioning equipment is older and less efficient, compensate by being extra careful about temperature settings, hours of operation and filter condition.
    • Make sure your home is properly insulated. In existing homes, wall insulation may be too expensive to install, so concentrate on attic and floor insulation.
    • In Carolina:
      • Ceiling: R-30
      • Wall: R-11 to R-15
      • Floor: R-19 in floors
     

     

  • Raleigh, NC - The Place to Be

    In spite of all you hear in the media about the housing crisis, Raleigh continues to enjoy continued job growth, low unemployment, moderate taxes and a steady housing market.  To this end, Raleigh has received many accolades over the years from a variety of sources.  So read on to hear how Raleigh, NC is the place to be.

    2008

    ~ #20 Best Place to Live and Launch

    (Raleigh, NC)

    CNNMoney.com, March 2008

    ~ #3 Most Romantic City for Baby

    Boomers (Raleigh-Durham-

    Chapel Hill, NC)

    Sperling’s Best Places, March 2008

    ~ #1 Best Place for Business and

    Careers (Raleigh, NC)

    Forbes.com, March 2008

    ~ #6 Medium-Sized Metro

    (Raleigh-Cary, NC)

    Site Selection, March 2008

    ~ #10 Least Miserable Airport

    (Raleigh-Durham Intl.)

    U.S. News & World Report,

    February 2008

    ~ #2 Best City for Bargain

    House-Hunters (Raleigh, NC)

    Forbes.com, February 2008

    ~ The Best American City for Singles

    (Raleigh, NC)

    Every Day with Rachael Ray,

    January 2008

    ~ #9 Best City for Jobs (Raleigh, NC)

    Forbes.com, January 2008

    ~ Top Five Strongest Real Estate

    Market (Raleigh-Cary, NC)

    Veros.com, January 2008

    ~ #3 Most Wired City (Raleigh, NC)

    Forbes.com, January 2008

    ~ #1 Healthiest City for Men

    (Raleigh, NC)

    Men’s Health, January 2008

    2007

    ~ #7 Top Appreciating Metro Area

    (Raleigh, NC)

    Money, December 2007

    ~ Top 25 Places for Retirement Jobs

    (Raleigh-Durham, NC)

    MarketWatch, November 2007

    ~ Top Research Science Park

    (North Carolina State University –

    Centennial Campus)

    The Association of University

    Research Parks, November 2007

    ~ #1 Top Business Climate

    (North Carolina)

    Site Selection, November 2007

    ~ #16 Top Real Estate Market

    (Raleigh, NC)

    Expansion Management,

    October 2007

    ~ #3 Economic Development Hot Spot

    (Wake County, NC)

    National Policy Research Council,

    September 2007

    ~ #10 Economic Development Hot Spot

    (Raleigh-Durham-Chapel Hill, NC)

    National Policy Research Council,

    September 2007

    ~ #3 Techiest City in America

    (Raleigh-Cary, NC)

    U.S. Census Bureau, 2006

    (Data released September 2007)

    ~ #3 5-Star Business Opportunity

    Metros (Raleigh-Cary, NC)

    Expansion Management,

    August 2007

    ~ #12 Most Affordable Real Estate

    Market in the Nation

    (Raleigh-Cary, NC)

    Forbes.com, August 2007

    ~ #12 Best Market for Female Execs

    and Women Business Owners

    (Raleigh, NC)

    Bizjournals, August 2007

    ~ #18 Fastest Growing Suburb

    in America (Holly Springs, NC)

    #20 Fastest Growing Suburb

    in America (Wake Forest, NC)

    #63 Fastest Growing Suburb

    in America (Apex, NC)

    Forbes.com, August 2007

    ~ #15 Most Educated Workforce

    (Raleigh, NC)

    Business Facilities, July 2007

    ~ #14 Best Place to Live (Apex, NC)

    # 22 Best Place to Live

    (Holly Springs, NC)

    Money, July 2007

    ~ “Fast City” for Research and

    Development (Raleigh-Durham, NC)

    Fast Company, July 2007

    ~ #8 Fastest Growing Large City

    (Cary, NC)

    #15 Fastest Growing Large City

    (Raleigh, NC)

    U.S. Census Bureau, 2006

    (Data released 2007)

    ~ #1 Seller’s Market-Residential

    (Raleigh, NC)

    Forbes.com, June 2007

    ~ #3 Best City for Relocating

    Families - Medium Markets

    (Raleigh-Cary, NC)

    Worldwide ERC and Primacy

    Relocation, 2007 Report

    ~ #8 County for Business Recruitment

    and Attraction (Wake County)

    #10 Large Metro for Business

    Recruitment & Attraction

    (Raleigh-Durham-Chapel Hill, NC)

    Expansion Management,

    May/June 2007

    ~ Top 5 Cities for Young Singles

    (Raleigh, NC)

    Kiplinger’s Best Cities for Every

    Stage of Your Life List, June 2007

    ~ 5-Star Knowledge Worker Metro

    (Raleigh-Cary, NC)

    #3 Metro for College Educated

    Workers (Raleigh-Cary, NC)

    Expansion Management,

    April 2007

    ~ #3 America’s Best Jobs in the

    Hottest Cities (Raleigh-Durham, NC)

    Business 2.0, May 2007

    ~ #7 Business Boomtown

    (Raleigh-Cary, NC)

    Inc., May 2007

    ~ Top 10 Places in the South for

    the Creative Class

    (Raleigh-Durham, NC)

    Southern Business and

    Development, Winter 2007

    ~ #3 Best City for African Americans

    (Raleigh, NC)

    Black Enterprise, May 2007

    ~ #4 Hottest Job Market for

    Young Adults (Raleigh, NC)

    Bizjournals, April 2007

    ~ #1 Best Place for Business and

    Careers (Raleigh, NC)

    Forbes, April 2007

    ~ #8 Fastest Growing Metro in the

    Nation (Raleigh-Cary, NC)

    U.S. Census Bureau, April 2007

    ~ #5 Best Place to Find a Mate

    (Raleigh, NC)

    Men’s Health, March 2007

    ~ #1 Best U.S. City for Jobs

    (Raleigh-Cary, NC)

    Forbes.com, February 2007

    ~ Top 50 Hottest Cities for Expanding

    and Relocating Companies

    (Raleigh-Cary, NC)

    Expansion Management,

    February 2007

    ~ Top 10 Tech Town

    (Raleigh-Durham, NC)

    Wired Magazine, January 2007

    ~ #1 School District in the Nation for

    Certified Teachers (Wake County)

    National Board of Certified Teachers,

    January 2007

    ~ Gold Rating (Wake County Schools)

    Expansion Management’s Education

    Quotient, January 2007

  • 3633 Meadow Creek in High Meadows is Sold!

    Sold

    High Meadows, Raleigh  -  The single story at 3633 Meadow Creek has been sold.

    Property information

  • Single Story For Sale in Stone Hill Estates

    403 Feldspar

    • 1,118 sq. ft., 2 bath, 3 bdrm single story "Ranch style" - MLS® $125,000

     -  Ideal starter home with 3 bedrooms 2 baths. Vaulted ceiling in family room open to kitchen and dining areas. Neighborhood features sidewalks and home owners association.

    Property information

  • Single Story For Sale in High Meadows

    • 1,240 sq. ft., 2 bath, 3 bdrm single story - MLS®

    Property information

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