Somerset Crossing, Kernersville, NC is typical of the broader economy. SLOW ! For 2009 there has been 1 sale, there are 2 Active listings, 3 Expired and 2 Withdrawn listings according to the MLS tracking. The great news is that this neighbor seems to be weathering the storm with respect to home values. In Kernersville, homes that are in goo condition and priced in line with current purchase appraisals there is a realatively strong market. Expect a slight appreciation in value over the next couple of years as inventories and stressed sales in the area and region are worked out of the market. www.RealEstateWorkHorse.com 12/22/2009

This is a description of how I answer customers on lease purchases;   With lease purchase, the terms become what the owner and leaser negotiate and agree to terms on. That is where I come in and can help tremendously. This is where you choose me as your representative. We communicate on the terms that you are comfortable with and hopefully the seller/owner will accept. Then negotiate!  One issue that is generally asked for is a statement from a mortgage officer on the expected ability to purchase. (Also this gives you a chance to work toward any criteria that would be involved.)    One item that I always try to get for my buyer is to have some portion the rent to go toward the down payment. (usually 5 - 10% of rent) A SIMPLE answer is that generally the lease is equal to what the mortga... 12/12/2009