AllAboutCary.com

Forbes Magazine has just said that Raleigh is the best home seller’s market in the US!

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full article.

Sounds like another good reason to be here, doesn’t it?

Not to beat a dead horse, but I have had some more news from one of my favorite lenders, who has had personal experience with these, and has been hearing similar stories from others in the mortgage business. It seems, that, despite the initial popularity of the Bank of America “no closing cost” loans, many of these borrowers are bailing out once they see the loan rates! (See my previous article.) Proving, once again, “There ain’t no such thing as a free lunch.” B of A maintains otherwise, but a lifetime of experience has proven otherwise. You can get a “No Closing Cost” loan from most mortgage bankers and brokers, but the costs are still there. They will be paid, at some point, by somebody! It is merely a question of how much they are, and how (and when) you are going to pay for them. You can either pay them up front, or pay for them with a higher rate. MAKE SURE you know what the numbers say before you sign the papers!

Another of the folks who are not so sure that this is a good idea is Roger Schlesinger. He has written about it before, and he has a great article about the mortgage industry, and some of the screwy mortgage things that people try to do, titled “No, you can’t.”

And if you find that free lunch - be sure to let me know! I want some, too! But some how, I do not think that I have to worry about a flood of emails (at least on THIS subject…)

What a day! I was attacked in bed by my two children, who could not live with the thought of Dad sleeping in on a Sunday morning. My wife made a nice breakfast, and we went to church, where I talked to the other fathers.

This is a scene repeated over and over throughout the nation today. What made mine special is that it was in Cary!

I knew that Moody’s Economy.com has named our area the fourth best in “Business Vitality.” We have a lot of jobs for our fathers. North Carolina had the 10th highest venture capital investment of all the states last year. We have investment capital for our fathers! North Carolina was fifth in the country for feature films produced in 2005, so our acting, gaffing, and directing fathers should have made a buck or two.

So, I had a great Cary day! My mother, who lives in Raleigh, came over to see the grandchildren. After a while, we all talked to MY father, who reiterated how glad that he is that I am selling real estate for a living, instead of getting shot at working for the police department.

And trust me, mother, father, sister, brother, or only child, we have a place for you here in Cary or Raleigh!