Explore Wake Forest, NC
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 2
Notable Neighborhoods in Wake Forest NC - Majestic Oaks Majestic Oaks is a gorgeous new community in Wake Forest NC located just off of Rogers Road and adjacent to Heritage.  This new community is intimate with just a handful of well-built custom homes by various well known builders from the area such as Sawyer Homes, Stellar Blu Construction, Williams Custom Building and Cambridge Classic Homes.  Located just around the corner are many conveniences such as shopping, restaurants, banks, a post office, ice cream shops and MORE!  Currently there are 3 homes for sale in Majestic Oaks and they are in various stages of construction.  Prices range from $339,900 - $379,900.  See below for some of the particulars on the homes within Majestic Oaks.  Schools currently assigned to Majestic Oaks ar...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 14
Open Houses are usually an option when you list your home with a Realtor®.  Depending on the real estate company you choose to sell your home AND the Realtor® specifically that is your representative they may be encouraged or discouraged.  Personally, I discourage Open Houses for all of my sellers.  I'll get to some of those reasons in a moment but first you need to know what KIND of Open House your Realtor® is wanting to hold.  There are two different kinds of Open Houses: Brokers Open House:  A Brokers Open House can be a viable tool for getting your home presented to many Brokers at once.  Typically, a Brokers Open is help within the first 2 weeks of listing your home.  Your Realtor® will set the date and send invitations to other area Brokers to come and view your home.  Many times ...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 4
Wake Forest NC is a small town right outside of Raleigh NC with a rich, historic background!  Many people to this day still confuse the town of Wake Forest with where the Wake Forest University is located.  Unfortunately, that is not the case.  The University moved to its current location in Winston-Salem, NC back in 1956 but that’s another blog post altogether. I am always receiving phone calls and email from buyers seeking a historic property in the Wake Forest NC Historic District.  Well, that can be tricky – we have several!  Wake Forest NC actually as three Historic Districts listed on the National Register of Historic Places. Glen Royall Mill Village Historic District – this area was included on the National Register in 1999.  Glen Royall Mill Village has an extremely fascinating ...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 2
The Wake Forest Urban Forestry Advisory Board (UFAB) will have its 6th annual tree seedling giveaway on Saturday,March 3, from 8am - 1pm (or until they run out of seedlings) at Centennial Plaza at 301 S. Brooks Street in historic downtown Wake Forest NC. Some of what you will find are: Shumard Oak Flowering Dogwood Eastern Redbud Persimmon Last year my family took advantage and we got 3 seedlings.  The volunteers at the event were EXTREMELY helpful with answering questions about planting and care.  Our trees are still growing and we are looking forward to this year - I want another Dogwood!  Plastic bags to transport your seedling will not be available this year.  To be more environmentally friendly the UFB is asking residents to bring their own reusable shopping bag or other environmen...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 4
Each week I provide a FREE Report for Wake Forest NC Foreclosures, Short Sales and REOs homes for sale.  This report includes Wake Forest and some of the surrounding area such as Rolesville and North Raleigh.  Here are some of the details you can find on my report: Subdivision Square Footage Bedrooms/Baths Garage Year Built List Price This Wake Forest NC Foreclosures Report includes all homes from Town Homes to Luxury Homes!  If you see a price that is RED it means there has been a price reduction, if you see a price that is BLUE it means there was a price increase.  Why would a price go up?  Possibly it is a short sale that had an offer that was rejected by the bank and now the price reflects what the bank MAY consider.  That is just ONE of the many reasons to increase a price.   Take ...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 2
There was incredibly activity in the Wake Forest NC Real Estate Market last week!  It seems the Spring Market is most definitely knocking on our door.  No pun intended - okay, well maybe a little pun!  ;) There were 22 shiny new listings added to the Homes for Sale inventory last week and NONE of them were short sales!  The price range for new listings ranges from $84,000 - $684,900 with a variety that includes townhomes, starter homes and luxury homes.  The breakdown of the new listings last week is: Fair Market Resales - 18 REOs - 2 New Construction - 2 Seven homes closed last week in Wake Forest NC.  The Sales Prices range from $185,000 - $650,000 with a List Price to Sales Price ratio of .979% - FANTASTIC!  Again, there were no short sales activity for homes sold in Wake Forest NC l...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 0
The Wake Forest Historical Museum will be presenting the documentary film "Moving Midway" tomorrow, February 26 at 3:00pm.  This film documents the moving of the 1848 home, called Midway Plantation, and it's outbuildings 3 miles to save it from encroaching comercial developlment and to preserve it's rich history.  The viewing of this documentary is FREE to all members and residents of Wake Forest NC.  Refreshments will be served and if you need more information you can contact Carol Pelosi. Sunday, February 26th 3:00 pm Wake Forest Historical Museum 450 N. Main Street Wake Forest NC >>>Here is an article from 2005<<<
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 2
The Town of Wake Forest NC has created an app for your iPhone, Android, iPad and HTML users.  Talk about staying cutting edge of technology!  Here are just a few of the cools things that you can expect from this new app: Locate town parks via Google Maps Pay your Wake Forest power bill Access Town news Access the town's FaceBook page Receive breaking news Links to job listings Access contact info for every town department AND.....Contact the town for maintenance problems with street lights, pot holes, street maintenance, graffiti, etc by using the app to send a photo of the issue and location Cool, right?  I knew you'd think so!  You can search for "Town of Wake Forest" in the Android Market or in the Store for iPhone users.  You can also scan the appropriate QR code below to download t...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 16
Dear FSBO - Lesson #1:  Be prepared to answer questions about your home.  I actually wrote this post quite a few years ago but the same thing happened yesterday.  I had a buyer in my car and we passed a FSBO.  My buyer wanted the information about the home so we stopped and called.  Even though what happened below was 2 years ago - the SAME thing happened yesterday.  Frustrating for me, frustrating for the buyer and really, how does a FSBO plan on selling their home this way?  Needless to say, we never DID get the information on the home yesterday.  We thought maybe the FSBO didn't want to cooperate with a Broker and that's why we weren't able to get the information so my buyer called.  Yep, same thing happened. "So, today I had a listing appointment right down the street from where I h...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 0
Every week I post the Wake Forest NC Open Houses.  There was a tremendous response last week to my Open House Post so I know that many of you had a great time out and about looking at homes!  So far it looks like the upcoming weekend will be just as busy!  If you don't want to wait for my upcoming Wake Forest NC Open Houses post you can certainly use my super-easy Open House Search Tool available at my website, Wake Forest NC House Chick!  You can search by city, date, price range, bedrooms, bath and square footage It's way cool and easy to use! If you are currently searching for Homes for Sale in Wake Forest NC and do not have a Buyer's Agent I would be happy to speak with you regarding the Wake Forest NC Real Estate Market and how to get started the RIGHT way in your home search.  For...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 10
Historic Downtown Wake Forest NC is quite a draw for many wanting to recapture the feel of the small southern town from days gone by.  Whether you are wanting to while away the afternoon window shopping in the many specialty shops, sip a hand-crafted coffee, sample some fresh made Italian gelato or seek that perfect gift there is definitely a place for you in Historic Downtown Wake Forest NC!     Here are just a few of the great restaurants you can find. Backfins Crabhouse - 110 S. White Street (AWESOME CRAB LEGS! Ask my son - his favorite food and he loves it there!) Olde English Tea Room - 219 S. White Street (Oh my, most incredible collection of teas and simply delicious food! Perfect for lunch!) Shorty's Famous Hotdogs - 214 S. White Street (Well, they are FAMOUS! Best hotdog you'l...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 2
The Wake Forest NC Foreclosures Report has been update and is ready for download!  Don't miss this weeks report - there are some great additions to the list and quite a few price reductions.  You'll find ALL properties on this list that are REOs, Short Sales and more!  I have everything from townhomes, country homes, estate homes and all those in between on the report and you can easily see: Subdivision Square Feet Bedrooms Baths Garage Price   Once you download the report please feel free to give me a call or email me with any questions.  I have viewed most of these properties in person and MANY of them are in excellent cosmetic condition - I can't comment on mechanicals or structural since I am not a home inspector. >>> DOWNLOAD Wake Forest NC Foreclosures Report <<<<   Other than thi...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 6
Below is the latest data for the Wake Forest NC Real Estate Market.  The Real Estate activity remains vibrant in Wake Forest NC with a healthy number of New Listings being added each week as well as a good number of closings.     This past week there were 29 Homes for Sale in Wake Forest NC added to the current Inventory.     7 New Construction Homes 16 Fair Market Resales 5 Bank Owned/Foreclosures 1 Short Sales If you ever want to see Foreclosures in Wake Forest NC be sure to download my weekly report - FOR FREE!  This weeks report has just been uploaded and is available through my website.  If you are searching in other areas of the Triangle just let me know - I can prepare a custom search for you! For the Week of February 12 - 18, 2012 there were 9 Homes Sold in Wake Forest NC.  Of t...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 10
With Spring just around the corner one can't help but think of fresh new beginnings, clean air, blooming flowers and days that start to linger a little longer.  If you are thinking about selling your home then Spring is an exceptional time to enter the housing market!  You'll be sparkling fresh and ready for all of the buyers that are getting those tax refund checks, looking to relocate and even those that are looking to move to a new neighborhood.  Who knows, your home just might be THE ONE that someone has always driven by and dreamed they could own! You have a little time to get your home ready before the start of the Spring market so take advantage of this time and be one step ahead.  Here are a few tips and ideas that can help you road map your way to a successful listing come Spri...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 12
Trust is very important when it comes to selecting your real estate agent!  You must know that they have your best interest in mind and that they will go above and beyond to get your property sold for the most amount of money in the least amount of with a minimal amount of stress to you.  With that said...... I have seen VERY bad examples lately in the local Multiple Listing Service.  Many of the offending examples are: Pictures - in the local Triangle Multiple Listing Service we are permitted to have 25 photos of a property.  (Please know that it is different in other parts of the country) Is YOUR agent doing their part in taking advantage of the multitude of pictures allowed?  The amount of pictures isn't even as big a concern as the quality of pictures.  I have seen pictures of beds ...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 0
Answer:  "If you are in Wake Forest you are in the WRONG PLACE!"  I posted almost a year ago about the misconception that the Wake Forest University is located in Wake Forest NC.  Now, we all know that one person can't change the thinking of the masses but I thought it was worth getting the information out again. So, for those of you that missed it here is a brief overview and history lesson on the Wake Forest University.  Really quite interesting! Wake Forest vs. Wake Forest - Would the REAL Wake Forest please step forward? I can not tell you how many times I have been in stores or restaurants and I hear tourists asking for directions to the Wake Forest University.  When they find that although they may BE in Wake Forest the University is approximately 2 hours away......Talk about frus...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 0
Clearly the market has become more active since the same time period last year in Percentage of List Price received, Pending Sales, both Average and Median Sales Prices are up and another great indicator of a rebounding market is the number of closed sales. January 2012  had a +85.7% increase in Homes that Closed compared with January 2011.  It is important to keep in mid that the Days on Market though has increased.  So while the homes ARE selling it is taking a touch longer to get them under contract.  Patience is a Virtue!  There are currently 697 homes for sale in Wake Forest NC with over 46% of them being in the sweet spot ($200,000 - $400,000) so competition is fierce.  If you are ready to play ball you better be competitive, look your best, and be aggressive!  If you are thinking...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 0
Both the Median Sales Price and the Average Sales Price for Wake Forest NC Real Estate increased since the same time period last year.  The Median Sales Price increased by +23.7% and the Average Sales Price increased by +7.8%.  It is good to see both number moving in the positive direction - my only concern would be for them to increase TOO quickly! If you need a bit of an explanation for difference between the Median Sales Price and the Average Sales Price please feel free to visit this recent post that helps to explain.    Median Sales Price vs. Average Sales Price - What's the Difference?   If you have any questions regarding the Average Sales Price of Homes Sold in Wake Forest NC or the Median Sales Price please feel free to give me a call or send me an email - I'd be happy to help!...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 4
Do you know the difference between the Average Sales Price and the Median Sales Price?  Many people get the two confused and more often than not believe the two are interchangeable and that is the furthest from the truth. The Median Sales Price is when one is given a group of sales prices it will be the one in the middle.  That means that 50% of homes sold for more and 50% of homes sold for less.  Here is an example that might help: 5 Properties and their Sales Prices: Property 1 - $179,000 Property 2 - $180,000 Property 3 - $183,000 Property 4 - $195,000 Property 5 - $205,000 The Median Sales Price in the above example is $183,000.   The Average Sales Price however, is $188,400.  In order to arrive at the Average Sales Price you must add all of the Sales Price together and then divide ...
By Leesa Finley, RED Properties - Raleigh NC Real Estate
(RED Properties)
Comments 0
On most Listings Appointments I bring up the Absorption Rate of Wake Forest NC and I am more often than not met with a glazed over look like I am talking jibberish.    Regardless of where you live in the country and Absorption Rate is important!  Here is an excerpt from a post I wrote on this very subject: "An Absorption Rate quite simply is the supply of homes that are on the market.  For instance, if there is an Absorption Rate of 8 is would mean that should NO other homes be listed it would take 8 months for the currently listed homes to sell or to be "absorbed" back into the market." While that brief paragraph may be enough to satisfy your curiosity about what an Absorption Rate is you really should take a few minutes to learn what Absorption Rate indicates a Seller's Market, a Buye...

Wake Forest, NC Real Estate Professionals