Ricardo Cobos's Blog Posts

Unlock Exclusive Savings on Your Next Home with Our JCPS Employee Benefits Program!*

Dear Johnston County, Public Schools Employees,At 8th Day Realty Group, we’re more than just a team — we’re family. And as part of our commitment to ensuring every member of our

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How to Buy a Home with No Money Down and No PMI

Are you a first-time home buyer looking for a great deal on a mortgage loan? If so, I have some exciting news for you! We can offer you a no money down mortgage loan program that will help you

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Real Estate Reality Check: Navigating the Agent Overload

Real Estate Reality Check: Navigating the Agent Overload by Ricardo

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Garner housing market update November 2023

The Garner housing market in November 2023 exhibits a complex landscape, characterized by a decrease in new listings and closed sales, yet an increase in median sales prices. Specifically,

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What About an FHA Loan?

FHA loans, a popular choice among first-time homebuyers and those with limited financial resources, offer a gateway to homeownership with their distinct advantages. One of their most attractive

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Why Owning a Home in North Carolina Makes Still Sense

Why Owning a Home in North Carolina Makes Sense Even with Elevated Interest Rates by Ricardo

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Willow Spring Sep 2023 Market Report

🏡 Good news, Willow Spring! 📈🌟 According to the latest market trends data from RPR, I'm excited to share some eye-opening stats with you! As your trusted REALTOR®, Ricardo Cobos of

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Garner Market Report Sep 2023

📢 Attention Buyers and Sellers in Garner, North Carolina! 🏡📊 by Ricardo

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🏡📈 Wake Forest Market Update 📈🏡

🏡📈 Wake Forest Market Update 📈🏡 by Ricardo

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The Case for Homeownership: Why Raleigh's Market Makes It a Smart Choice

Why are high earners renting instead of owing? by Ricardo

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🏡📈 Garner Market Update: August 2023 📆

🏡📈 Garner Market Update: August 2023 📆 by Ricardo

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What is the difference between FHA and Conventional Loan?

FHA loans and conventional loans are two of the most common types of mortgages. FHA loans are backed by the Federal Housing Administration (FHA) and offered by FHA-approved lenders. These loans are

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What is PMI and Why do you need to it?

PMI, or Private Mortgage Insurance, is a type of mortgage insurance that you might be required to pay for if you have a conventional loan. PMI is arranged by the lender and provided by private

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City of Durham Announces $20,000 Down Payment Assistance Program

City of Durham Down Payment Assistance Program by Ricardo

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Raleigh Sees Largest Year-Over-Year Rent Increase.

Raleigh had the largest year-over-year rent price increase of 10% by Ricardo

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Garner North Carolina Market Update - August 2023

🏡📊 Garner Market Update 📊🏡 by Ricardo

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5 Tips to Stage Your Home for the Best Photos

If you are planning to sell your home, you might want to consider hiring a professional photographer to showcase your property in the best light. At 8th Day realty Group, we only use the best

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Why Landlords need to have an additional policy regarding Septic Systems

Why Landlords need to have an additional policy regarding Septic Systems If you are a landlord who rents out homes with individual septic systems, you may be wondering how to handle the

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What is a Blue Line Stream and Why Should You Care?

A blue line stream is a stream that appears as a broken or solid blue line (or a purple line) on a USGS topographic map . However, not all streams are shown on these maps, and streams do not have to

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Tips for Caring for your Septic Systems

If you own a home with a septic system, you need to take good care of it. A septic system is a wastewater treatment system that collects and treats the water from your sinks, toilets, showers and

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What's so great about Wendell Falls?

Wendell NC is a charming town with a rich history and a friendly community. Whether you're looking for a quiet place to call home, a vibrant downtown to enjoy local shops and restaurants, or a

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INVESTORS CHEER MARCH INFLATION REPORT

INVESTORS CHEER INFLATION REPORT: 'Households saw higher prices for food and shelter, and lower prices for gasoline and used vehicles'. TRANSLATION: Housing and food cost more and cost is

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Five Questions Every New Realtor Should Ask a Prospective Broker

Five Questions Every New Realtor Should Ask a Prospective Broker  If you are a new realtor looking for a broker to work with, you might be overwhelmed by the choices and options available.

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North Carolina House Bill 106 Aims to Protect Landlords from Abuse of HUD Animal Assistance Policy

# How North Carolina House Bill 106 Aims to Protect Landlords from Abuse of HUD Animal Assistance Policy The U.S. Department of Housing and Urban Development (HUD) has issued a policy that

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More Raleigh Sellers Reduce Prices and Offer Buyers Concessions

More Sellers Reduce Prices and Offer Buyers Concessions According to a recent Redfin report, during the three months ending February 28th, 2023, home sellers gave concessions to buyers in 45.5% of

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What are Seller Concessions?

Seller concessions are costs associated with home buying that the seller agrees to pay on behalf of the buyer during the sale of a home. These can include closing costs such as lender

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How to Purchase a Primary Home for Mom and Dad or Adult Child with Disabilities

How to Purchase a Primary Home for Mom/Dad, or Adult Child with Disabilities. As Gen X navigates their 40s and early 50s, they are facing challenges associated with the aging of their Baby

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What is the best Way to Take Title to Real Property in North Carolina?

In North Carolina, a natural person may take title to real property in four different ways: Tenancy in Common, Joint Tenancy, Tenancy by the Entirety and Ownership in Severalty. Tenancy in

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10 questions to ask a mortgage lender when buying a home:

10 questions to ask a mortgage lender when buying a home; and why you need to ask:|1.    What type of mortgage do you recommend for me and why? Different types of mortgages have

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99 common issues that can arise when buying and selling real estate

99 common issues that can arise when buying and selling real estate: Title issuesHidden defectsIncorrect property informationUnresolved liens or encumbrancesBoundary disputesInadequate property

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Garner Market Report #NewConstruction

Garner, NC offers its new construction home buyers a booming economy and great value in the Triangle region with an easy commute to Research Triangle Park which will be made much easier to access

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Fayetteville's Historic Haymount Neighborhood - Something for Everyone

Are you looking for a historic, charming, and convenient neighborhood to call home in Fayetteville, NC? If so, you might want to check out Haymount. Haymount is one of the oldest and most desirable

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Buying a Home in the ‘Good Old Days’ 1982 Edition

Buying a Home in the ‘Good Old Days’ If you think buying a home today is hard, imagine what it was like 40 years ago. In 1982, the average wage for a full-time worker in the US was

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What is Debt Service Coverage Ratio DSCR

The debt service coverage ratio (DSCR) is a measure of how well a rental property can cover its debt payments with its net operating income (NOI). It is calculated by dividing NOI by total debt

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5 Biggest Mistakes Homeowners Make When Leasing Their Property to Others

5 Biggest Mistakes Homeowners Make When Leasing Their Property to Others Leasing your property to others can be a great way to earn passive income and build wealth. However, it also comes with

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Modular VS Manufactured Housing - What's the Difference

Five Top Differences Modular Vs. Manufactured HomesIf you’re looking for a home that’s affordable, customizable and eco-friendly, you might be interested in modular or manufactured.

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Seven (7) Things to Consider When Selling a Home While Getting Divorced.

Seven (7) Things to Consider When Selling a Home While Getting Divorced. Selling a house during a divorce can be a stressful and complicated process. However, with some planning and,

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Four (4) Things That I Love About Lillington, North Carolina

Four  (4) Things I Love about Lillington, NCWelcome to Lillington, NC! Nestled in the heart of Harnett County, this charming town offers a peaceful and picturesque setting with easy access to

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9 Qualities we look for in our Team Members

Qualities We Seek in Our Brokers, And You Should AlsoPeople generally want realtors who are knowledgeable, trustworthy, responsive, and who have their best interests at heart. Here are some specific

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The Cheapest Home in Five Points Raleigh, NC 27608

The Cheapest Home in Five PointsRaleigh, NC 27608Today we’re in Raleigh, North Carolina looking at the cheapest home for sale in the Five Points neighborhood where homes average more than $1MM

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What are some of the risks associated with short term rentals like AirBnb and VRBO?

What are some of the risks associated with short term rentals like AirBnb and VRBO?Short-term rentals, such as those offered through platforms like Airbnb and VRBO, can come with several risks for

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What is a Quit Claim Deed (QCD)?

What is a Quit Claim Deed? A quitclaim deed is a type of legal document used to transfer ownership of a property from one person (the grantor) to another person (the grantee). It is called a

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NEW CONSTUCTION - Do you Really Need a Buyer's Agent?

Buying a newly constructed home can be an exciting and rewarding experience, but it also comes with some challenges and risks. Here are five reasons why a buyer would want buyer representation when

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Four (4) Things to Consider Before Building a Room Addition

Are you feeling cramped in your current home? Are you feeling cramped in your current home? Do you need more space for your family, hobbies or guests? If so, you may be wondering whether to

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FAQ - Can a landlord enter my rental unit without my permission.

Question:  can my landlord enter my unit/home without my permission.Answer - The very short answer is Yes, a lanlord in North Carolina can enter a leased proeprty without permission. ;

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After hitting 20-year highs, mortgage rates have ease 5 weeks in a row.

After hitting 20-year highs, mortgage rates have ease 5 weeks in a row.According to the National Association of Realtors® (NAR), existing home sales have plummeted year on year by almost one

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Triangle RDU Area Home Sales Down 33% In November Prices Still Defy Gravity

Triangle RDU Area Home Sales Down 33% In November Prices Still Defy GravityWith mortgage rates topping an eye popping 7.20% in October for the first time in 20 years it’s no surprise to see

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The number of 'Affordable' Housing in Wake County Plummeted over the past decade while the cost of luxury homes has skyrocketed.

With mortgage intrest rates and home prices on the rise, do you still think waiting until next year is a good home-buying strategy?Over the past decade has the population of #WakeCounty grown,,

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The True Cost of Waiting 2022 Edition

With #wakecounty mortgage interest #rates and #homeprices on the rise, do you know the true cost of waiting? Let's say that last year your dream home in Wake County cost about $400,000. With rates

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Foreclosures in Wake County are surging – up 425% from a year ago

Foreclosures in Wake County are surging – up 425% from a year ago-----Four days ago this headline splashed over our TV screens in the Raleigh-Cary Market. Since Covid lockdowns for 2020 there

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What is a Comparable Market Analysis?

What is a Comparable Market Analysis?If you are thinking of selling your home, you may be wondering how much it is worth in today’s market. One of the best ways to find out is to get a

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Homebuying: A Generational Snapshot - Raleigh, North Carolina

Homebuying: A Generational SnapshotAs we usher in the second Spring of the COVID-19 pandemic, we hope we’ll see a steady return to “normal.” Like other socioeconomic consequences

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Century Old Bank Converted Into a Very Unique Home

Ever want to live downtown and have your own built in panic room? Check out this century old bank converted into a modern home. According to its owner, this home that has brick walls 18-24 inches

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The True Cost of Overpricing Your Home (Even in a Sellers Market)

The True Cost of Overpricing Your Home (even in a sellers’ market) There is little argument, depending on where you live, home prices have surged double digits in the past year. Covid-19

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Homebuyer interest in million-dollar-plus homes reached a record high in Wake County in January

According to Redfin, nationwide, 10.8% of saved searches on Redfin.com filtered exclusively for homes priced over $1 million in January. That is up from 8.5% a year earlier and the highest share

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Buying a Second Home

For many people, owning a home is a lifelong dream. For others, owning a second home can be just as important. There are a variety of reasons people have for purchasing a second home—as a

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Does Your heat-pump look like this?

What to do if your heatpump freezesIf like most people in this region you heat your home with a heat pump, your unit might look like this today.  Ordinarily it should be cause for concern.

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Exploring renovation loans

With the available pool of hosuing stock dwindling in the Raleigh, Durham, and Cary markets, more and more buyers are turning to older homes. While many have larger lots, and mature landscaping,

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How do you appraise a 1960 Missouri bunker as a $1.1 million residence?

Hardened Underground Bunker-Home on 10.5 acres. This is the only bunker for sale near a major city that is fully remodeled and ready for move in immediately. Find a buyer and receive a commission

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The country's first 3D printed house is up for sale. 50% cheaper to build and completed 10 times faster than a traditionally-constructed home...

The country's first 3D printed house is up for sale. 50% cheaper to build and completed 10 times faster than a traditionally-constructed home...but looks a bit sedimentary. The company can set up

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Lumber Prices, up 169% since Mid-April; Significantly Adding to the Costs New Construction

New-Home Buying Rush Likely to Continue in 2021February 10, 2021 Melissa Dittmann Tracey More house hunters—particularly move-up buyers—are being drawn to new-home construction in the

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Say no to FSBO! 7 risks homesellers take when they go it alone

In today's market, the stakes are high, decisions are swift, and there is immense pressure on everyone in the transaction — which is why sellers need a real estate agent by their sideby Cara

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