Linda Craft & Team, REALTORS® Commentary: Recovering housing market in Raleigh driving up values, catching some homeowners by surprise.
Homeowners in Raleigh who found themselves underwater during the housing crisis are discovering that they may now have equity in their homes. This is a result of exceptional price increases in the last 6-8 months.
“This market has surprised some homeowners who simply stopped paying attention to all the bad news,” says Linda Craft, CEO of Linda Craft & Team, REALTORS® & Certified Distressed Property Expert (CDPE). “Prices have gone up so quickly that many who used to be underwater are finding that their home is worth much more than they think.”
Many homeowners in this situation had to resort to foreclosure, short sale (selling the home for less than what is owed on the mortgage), or other alternatives. “Today, these homeowners are finding that there are much more options available to them. In fact, the worst may even be over,” Craft said.
As a Certified Distressed Property Expert® (CDPE), Linda Craft is specially trained to help homeowners facing foreclosure understand their options, and to help them understand all the facts of their circumstances. “It’s important that homeowners in distress understand that they’re not alone. There are alternatives to foreclosure, and with recent equity gains, many may have a viable way out of a difficult situation,” Linda Craft said.
Linda has developed a free report entitled “Surprising Home Prices”. The report is accessible from her website, http://www.raleighrealestateforeclosures.com at: http://www.raleighrealestateforeclosures.com/Surprising-Housing-Prices.aspx
Linda Craft & Team, REALTORS® is a Triangle-area based, local residential real estate firm whose team mission and focus is raving fan customer service to deliver a smooth sales process. The team is the NHL Carolina Hurricanes Corporate Real Estate Sponsor. More than 6,000 families have chosen Linda Craft & Team, REALTORS® with their largest asset, their homes.
For more information or to schedule an appointment with Linda Craft & Team, REALTORS®, please call 919-235-6300 or visit www.lindacraft.com
For more information about the CDPE Designation, visit www.CDPE.com.