If you wish to get your deal posted, please click here.
SonRise “Shining A Light On Hope” Golf Tournament
You are invited to our first annual “Shining A Light On Hope” Golf Tournament
October 22, 2018
7:00 AM Check-In
8:30 AM Shotgun
Honey Bee Golf Club
2500 S. Independence Blvd.
Virginia Beach, VA 23464
Flash Sale Entry Fee
$100.00 per person
$300.00 per foursome
Register by Sept 15 and receive this discount
Prizes and Raffles
Fundraising provided by Dixon Golf and Aurelius Golf. Bring your wallets for participation; receive gifts and win fabulous prizes
Mulligans can be purchased with cash
To register or become a sponsor click here: Golf Tournament
* Registration sponsor Chantel Ray Real Estate
All sponsor / registration payments are 100% tax deductible.
For more information email email@example.com
Thank you for your consideration to support SonRise and 99forthe1
**********************Rain or Shine**********************
Welcome Chantel Ray Real Estate Charlotte office!
Meet Kevin Feighery who is the new managing partner of the Chantel Ray Real Estate Charlotte, North Carolina office!
Learn more and FOLLOW our new office on Facebook!
Chantel Ray Real Estate – Lake Norman
442 South Main Street, Suite 100
Davidson, NC 28036
Our vision is to be the only TRUE real estate franchise that provides an EXCELLENT & CONSISTENT customer experience 100% of the time.
We have a team of LIVE agents in the office 8am-9pm every day, 7 days a week so you can get your questions answered and your home will never miss a showing.
Are you ready to quit renting and be a homeowner? Chantel Ray Real Estate team can guide you through the process and answer any questions you have.
Hurricane Florence Relief Donations
What an amazing job Hampton Roads and US106.1 with Hurricane Florence Relief donations!
Donations from over the weekend filled 5 tractor-trailers that left early this morning and headed to the Food Bank of Central and Eastern North Carolina.
The Pros and Cons of New Construction Homes – Chantel Ray Real Estate Podcast
Do feel weird about buying a house that other people have already lived in? Or maybe you’re just ready to build a dream home YOUR way?
In this podcast episode our Principal Broker John McLaren and incredible agent Jimmy Ray breakdown what you should know about new construction homes and the benefits of buying almost new homes.
If you’re looking to buy a home, we would love to help you start the process.
Choosing a Housing Budget
Deciding on a Realistic Housing Budget
When the time comes to purchase real estate and enter the ranks of homeowners, there is plenty of work to be done before signing the papers and moving into your new home. Deciding on the proper budget to balance your needs and preferences in a home with your available income is the first, most vital step to ensuring your financial and personal future. The biggest mistake that many first-time buyers entering real estate markets throughout the country make is to leave the budgeting of mortgages solely to banks and lenders. Doing affordability calculations on your own will help you avoid the pitfalls of financial constrictions, and, possibly, improve your quality of life for the foreseeable future.
The bank may not be able to see the entire picture when calculating your mortgage payment.
Your mortgage lender will have access to information about your monthly payments and other obligations such as child support or alimony. They’ll also be able to calculate the four major portions that will combine to create your monthly home payment including property, interest, taxes and insurance, but there are other expenses to consider before entering into a fifteen or thirty year mortgage agreement. According to Investopedia, you should begin by calculating your household’s total take-home pay. This amount is the base for your monthly expenditures, and it is important to beginning your search for a new home.
Deduct your monthly expenses from your total take-home pay to find out how much house you can afford.
You should keep a running record of recurring monthly expenses to help you balance your budget over the long-term, but, if you haven’t already, check your bank statements, check book and credit card statements to determine an average for the past six months to a year. Remember to add in the utility costs of a new home, which may not have applied if you’re moving out of an apartment into your new home. The electric bill, gas bill, water bill, cable bill, phone bill, car payments, car insurance and even student loans should all be estimated and included to help give you a better idea of the amount of money you’ve got available each month.
Decide on a down payment that fits into your savings. A larger down payment could save you big bucks in the long run.
The down payment is the amount of initial equity that you’re willing to throw in to show the lender that you’re serious about fulfilling your payment requirements. A large down payment will decrease the amount of loan you’ll need, and you can even avoid the need for private mortgage insurance (PMI), which can add a substantial fee to your mortgage payments each month. If your savings aren’t substantial enough to cover a down payment of at least 20 percent, you may need to account for PMI premiums when budgeting for your home. The added costs will bump up your monthly payments for the first portion of your repayment cycle.
Keep your total monthly payments, including your new home, at less than 36 percent of your available income to increase your chances of getting a mortgage.
According to The Nest, your new budget should leave plenty of room for savings to improve your financial outlook upon the purchase of one of the great residences available on the market. When your new budget is complete, compare it to your monthly income to determine the price range in which you feel comfortable. If you’re not sure about the numbers, ask an independent party, such as an experienced realtor, to look them over and advise you on the best way to proceed. Beginning your housing search with a clear budget and reasonable expectations will help you see the differences between a home at the bottom of your budget and a more expensive offering. Avoiding the pitfalls of unrealistic expectations and short-sighted planning, your housing search will prove to be more rewarding and, ultimately, more successful.
Ensure a happier financial existence by doing your due diligence before beginning a home search. With a little work, and a little help from the experts, you’ll be able to find the perfect home to suit your lifestyle needs without blowing your budget and jeopardizing your financial future.
Chris J. is a writer whose interests include Dallas homes for sale, technology and hanging out with his cat.