Would-Be to Should-Be

Some would-be buyers have emotional reasons to own a home like having a place of their own where they can raise a family, feel safe and secure and enjoy their friends’ company. Other buyers’ dominant reasons might be financial in nature such as building equity or lowering their cost of housing.52407681-250.jpg

Regardless of what might be motivating people to want their own home, it is easy to justify that now is a good time to purchase. Let’s look at a $250,000 example using a FHA loan.

The total payment will be about $1,835 dollars a month. If the payment is lower than the rent a person is paying, that should encourage a person to continue investigating.

In this example, when you consider the monthly principal reduction, the monthly appreciation and the tax savings, even with money added for monthly maintenance, the net cost of housing is less than half the total house payment.

Considering all those advantages, the would-be buyer is spending over $1,100 per month more to rent than it would be to own. In a year’s time, they would lose close to $14,000 which is more than the down payment of $8,750 required on this price home.

Most would-be buyers understand that a home is a big investment but they may not understand the advantage of the leverage caused by the low down payment mortgage. The benefits extend beyond a return on the down payment but to the value of the home.

In this example, the $8,750 down payment grows to an equity of $73,546 in seven years based on 2% annual appreciation and normal amortization on a 30-year loan. If you calculated that as a rate of return, you’d be challenged to find anything that could compare with it.

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To see what your numbers might look like, check out this Rent vs. Own. If you need any help or have any questions, contact us. Part of our greatest satisfaction is helping would-be buyers understand why they should-be.

Give me a call to discuss your plans to own! 252-916-5048


North Ridge CC Beauty in Raleigh

7401 Spyglass Way, Raleigh NC 27615
North Ridge


Link to Listing

Have you dreamed of waking up every day like you are on vacation?

Open your eyes every morning to one of the most beautiful views of North Ridge Country Club‘s Lake’s Course.

Fix coffee and breakfast in the beautiful kitchen that has amazing views of its own through the breakfast room.

Read your newspaper and enjoy your breakfast on your own private deck off the master bedroom.

After a nice breakfast overlooking the gorgeous azaleas and dogwoods, go for a quick swim in your heated pool amidst the beauty that surrounds you at every turn.

Does this sound idyllic to you? It is… and more.

The 6,075 square foot home is filled with beauty and custom touches throughout. The great room with a tongue and groove ceiling would be a fabulous room for your family to gather around the stone fireplace in the winter while watching the snow fall (that we occasionally get in Raleigh) through the floor to ceiling windows.

In spite of the size, it still has the comfy feel of a real HOME. It lives like a ranch with three bedrooms and three and a half baths on the main level. The basement is a home within a home… if you have a nanny or in-laws who you want to live with you, this is the home for you! In addition to the apartment, there is an office and a billiards room/family room that has the same beautiful views as upstairs!

The downstairs apartment even has its own entrance!

This meticulously maintained home with a manicured yard is located close to shopping and many great restaurants. WORTH GOING TO SEE… YOU WILL FALL IN LOVE!


Directions: From Falls of Neuse Rd, turn on Hunting Ridge Rd into North Ridge
subdivision. Left on Rainwater. Left on Spyglass. House is on Left.

For more information, or to arrange a time
to view this property, call the Joe Ward team today!

From left to right, Kellie McDonald (919-961-2720), Kate Mullis (919-219-8036), Joe Ward (919-518-8182), Valerie DeLoach (252-916-5048), and Deborah Swainey (919-412-8650).

We are a real estate team who cares about our clients. If you are considering
selling your home and would like some honest, professional, and
experienced guidance,
please contact us today.

Connect with us on social media to learn more about our team and
how we can help you find your new home!

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Divorce in Raleigh, NC Real Estate Market


70% of divorces involve real estate.

As a Certified Divorce Real Estate Professional, I am here to help both parties involved through a smooth yet emotionally difficult process when they need to sell the marital home and purchase new homes moving forward.

As a member of your professional divorce team, my goal is to:

  1. Help clients understand the legal and tax aspects of divorce in regards to the sale of the marital home and other real estate.

  2. Offer alternatives to the usual mistrust and the emotional responses as a result of dividing real estate assets.

  3. Work with both parties together to help them save and make money now and down the road with regards to real estate.

  4. Work with both parties, not just one, in selling the marital home for the best price.

The sale of the marital home is not an isolated decision. There are short and long term financial, emotional and tax consequences. As a Certified Divorce Real Estate Professional, I can offer my clients the best guidance regarding the opportunities of selling the marital home. The goal should be a client that has their individual needs met and is making informed decisions from a knowledgeable professional.

Contact me today to discuss your options. It’s best to discuss BEFORE you make decisions.


the Joe Ward team
Cell: 252-916-5048

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