Archive for the ‘Raleigh area movers’ Category
New Tenants Coming to Morrisville Business Park
Two new businesses are coming to Morrisville Business Park, the Raleigh commercial movers are glad to report. The first is a Texas-based heating & a.c. company called Lennox Industries. The Morrisville location will be a 24,000 square foot distribution center. The other company is a Durham based startup called Impact Shred & Recycle. Impact has leased 24,000 square feet of warehouse space.
Lennox will move in to the building this June, and Impact will follow shortly after in July. The Raleigh movers are glad that commercial space is getting leased out by businesses both local and from out of state, and hopefully Raleigh continues to get increasingly stable over the next few months as a reliable commercial location for businesses both new and old.
Real Estate Gaining Momentum in the Triangle
The real estate market has struck an interesting balance in Raleigh in the last few months. Home sales in the counties that comprise the Research Triangle area have had positive sales trends, the largest of which being the Durham North area which was up 80.6 percent in terms of growth. Pending sales were higher in March 2012 in comparison to March 2011 by 17.1 percent. The Triangle saw over 1,700 closed sales in March of this year.
The Raleigh movers feel that it is also worth noting that new listings are down by about 12 percent. Additionally, inventory levels have shrunk almost 30 percent. Housing prices have followed the supply/demand route and prices have increased in Raleigh as availability has gone down.
Showhomes Raleigh Helps Local Homeowners
Local Raleigh real estate company Showhomes Raleigh has taken the market by storm, helping homeowners to stage vacant homes up for sale and maintaining properties while they are on the market. Many people overlook the value of home staging and the relation that home buyers make to what they envision the home to look like. The Raleigh movers have learned that the company hopes to revive the local real estate market and move homes that have been stagnant.
Partnering with a company that can stage your home is a win-win for the seller and for the realtor. Home stagers offer a third party perspective on what a potential buyer will see when they walk in to your property.
The Showhomes Raleigh brand was recognized recently in Orlando, FL with a Circle of Excellence Award for its quick impact on the Raleigh real estate industry.
Triangle Town Center Struggles to Sell
The Triangle Town Center is having trouble selling commercial space, much to a different tune than nearby Durham and Raleigh shopping centers. The Town Center is behind projected estimates for the complex which have it priced at $287 per square foot as recently as 2011. That’s considerably low in comparison to Raleigh’s Crabtree Valley Mall, where average stores are renting for $665 per square foot. But, for some reason, the buyers aren’t biting.
The Raleigh movers are curious as to why the town center has yet to fill out or even hit a decent number of tenants. Perhaps it’s priced too low, if there is such a thing? Speak out & share your thoughts!
Mispricing Your Home Will Cost You
Homes are definitely selling in Raleigh’s Research Triangle area, and here at the Raleigh movers we want to make sure you are pricing your home accordingly to get the most bang for your buck when you sell. In the Triangle alone, home sales are up 35 percent for the month of February.
Throughout years of prices jumping, dropping, sales lagging, picking up–it’s hard to keep track of when is the right time to sell, whether you should price high or if you need to offer something reasonable or low to move a house quickly. The truth is, the only person who will suffer for selling your home below value is you.
Pricing your home near the value (considering upgrades, money put into the home, etc) will get you much closer to your goal of attaining a payout close to what you feel the house is worth. By pricing what you honestly feel you deserve, you aren’t losing. And your confidence in the price resonates to the buyer! Be confident.
New Rental Ordinances Cause Harm or Offer Help?
The city of Raleigh is undergoing a few changes in regards to the rental industry. Currently, the city runs with a Probationary Rental Occupancy Permit, which can fine landlords (or their tenants) if there are too many noise violations associated with an address. This potential change comes on the end of several noise complaints and parties into the wee hours in Raleigh’s college neighborhoods.
Further, landlords will be penalized if their tenants are fined or found for prostitution, possessing stolen goods, possessing/consuming malt beverages, sale of machine guns, gambling, and several other incidents. How fair is it to penalize landlords if a seemingly good citizen tenant turns out not to be such?
The Raleigh movers want to know your thoughts–landlords, tenants, what do you think? Would you be less inclined to purchase a home for investment and rental use if you were at risk for these implications?
Housing Market Improving in the Research Triangle?
In January, reports showed that the housing market in Raleigh’s research triangle showed improvement. Sales, pending sales, and showings were all better than the reported numbers for January 2011. However, not all the news is positive–selling prices are down 7% from 2011, and over half of the sales that were made involved negotiations on the part of the seller, such as paying the buyer’s closing costs.
The average sale price was just under $220,000. About 930 homes were sold throughout Durham, Johnston, Orange and Wake counties. Pending sales were up 30 percent, and sales up 10 percent.
The Raleigh movers are hopeful that February’s numbers show the positive trends continuing.
Raleigh Predicted to be Among Fastest Growing Cities Soon
Throughout the next decade, Housing Predictor has predicted that Raleigh will be among one of the fastest growing mature cities in the world. Currently, cities like London, New York, Paris and Tokyo make the list of 30 cities. When it comes to the numbers, however, much of the available commercial space in the world is right here in the US.
This is where Raleigh comes in. Experts say that over the next few years, 16 of the top 20 fastest growing mature cities will not only be in the US—and a few of them will be from the South. Austin, Texas and Raleigh, North Carolina are prime examples. Dallas and Houston are also notable Texas cities. When it comes to Raleigh, the technology, activities, and innovative tactics will ensure it a place among the top growing cities of America. The Raleigh movers are excited to see what changes and recognition will come our city’s way.
Apartment Sales Surge in Triangle Area
In the past year, 35 Triangle apartment complexes have been purchased by real estate investors. Numbers for 2011 were up 60 percent from 2010 and up an additional 238 percent from 2009. The question is if the investors purchasing these existing complexes actually have the funds to purchase these places, or if it’s a reenactment of the credit bubble that wrecked the housing market in recent times. The Raleigh movers hope that the economy strengthens and that the investors of these prominent buildings can manage the payments efficiently.
If you’re looking to move commercially to Raleigh, be sure to contact the Raleigh movers for the best corporate and commercial moving rates. See you in 2012!
The Need for Section 8 Housing Increases
In Raleigh, low income families are on a waiting list for the Housing Choice Voucher (also called Section 8), which assists these families in paying their rent. In Raleigh, the number of families on this list is in the thousands—in fact, the lists have been paused in Durham, Wake and Orange counties due to the overwhelming number of lottery participants.
To qualify for the program’s funding, the family must come in at under 50% of the median income in the area. Each federal funding group has local distribution centers which then possess a specific number of available financial aid packages. The Raleigh movers have learned there simply isn’t enough to go around.
The average time period for getting on the waitlist to receiving funding? About five years. The specific need now is for more roofs to put over these people’s heads. With housing authorities losing funding, there simply isn’t enough space to put those in need. Not helping the situation is the fact that rents in areas like Orange County and Chapel Hill are on the rise.