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rodneygeohagan
Rodney Geohagan
Broker
    Years of Experience: 10

    CDPE - Certified distressed property expert

Direct: (919) 369-3892

Office: (919) 781-9883



Company Info

RE/MAX One Realty
100 Lynn RD
Raleigh, NC
(919) 781-9883


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Mortgage Rates In The Triangle Area Expected To Remain Low Throughout 2012

Wednesday, February 22nd, 2012

If you have been looking to the move to the wonderful community of Glen Laurel then this year is the year to make your move. We have seen historically low mortgage interest rates and industry experts are predicting we will continue to see low rates throughout the rest of 2012. Greg McBride, senior financial analyst for Bankrate.com said, “We may spend the entire year below 5%.”

Rates right now are already sitting at all time record lows, making it the perfect time to buy your dream home in Glen Laurel or in the surrounding Triangle area.  The first week of January, Freddie Mac’s weekly survey of conforming mortgage rates reported that 30-year fixed rates hit 3.91%. This number ties the record for the lowest rates that have been in the history of the survey.  To put into perspective how low that is, the highest the survey has seen was in 1981 when interest rates hit a high of 18.63%.  The annual average rate on a 30-year fixed rate mortgage reached its historic low last year with rates averaging 4.66% according to Bankrate.com and 4.5% according to Freddie Mac.

Freddie Mac is forecasting that interest rates will average 4.2% in the first quarter of 2012 and should average 4.8% in the fourth quarter of 2012.  Continued low rates allow those potential buyers who were are working improving their credit to be able to take advantage of these low rates.

To take advantage of these low interest rates and buy a new home in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works, and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answers and would love to sit down for a confidential review of your options.

Tips For Insuring Your Glen Laurel Home

Saturday, January 21st, 2012

Buying a home in the community of Glen Laurel is a big decision, and many new homeowners rarely pay attention to the ins and outs of homeowners insurance on their new home.  Obtaining a homeowner’s insurance policy is an easy task.  You will need proof of homeowner’s insurance when closing on your new home in the Triangle area. While it may be easy to get insurance on your home, do you really know if you are adequately covered?

Coverage On Your Dwelling

Near the top of your insurance policy, you will see building/dwelling/property, which indicates how much it would cost to rebuild your home if it was completely destroyed. Keep in mind that normal insurance policies tend to not cover earthquakes or floods. You can choose to purchase policies separately that will cover these items.  Do not under-insure your home! Review your policy each year to ensure that your coverage is appropriate as the cost of building materials rise.

Liability Coverage

Liability coverage should come standard on your homeowners insurance policy. For instance, if someone visiting your Glen Laurel home were to get hurt and choose to sue you, your insurance company should step in and pay for the cost of an attorney to represent you. However, there is a limit to how much the insurance company will pay. $300,000 is a customary amount that is covered, but you do have the option of adding additional liability coverage, which is called an umbrella policy.

Deductibles

The amount you pay as a deductible is something that you get to choose.  A deductible is the amount of money that you will have to pay out of pocket if you need to file an insurance claim. The higher your deductible, the lower your annual insurance rate will be.

Extra Items

Typical insurance policies will not cover things such as jewelry, paintings, and other items of high value.  If you have items of meaning that you want to have insured, do not forget to mention these things to your insurance agent when signing up for a new policy.

If you are interested in buying or selling a home in Glen Laurel, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home, and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.

Make Your Glen Laurel Home Show At Its Best

Wednesday, December 7th, 2011

The temperature is quickly dropping and so may be the number of potential buyers you are seeing come through your home this time of year.  It is essential to make the most of all the showings you have during this time of year to catch the eye of those potential homebuyers in Clayton, NC.
Over the past few months, Mother Nature has done her part to help spruce up your home’s curb appeal.  However, now the trees are bare and the flowers have died, and it is time for you to make your home show the best from the outside. There are a few things you can do to help your home attract traffic, and hopefully an offer, during this time of year.

De-clutter your yard: When you look around your yard, notice any items that may still be lying around that are left from this summer.  If you have summer lawn furniture that has not been brought indoors, now would be the time to do so.  Do not forget to remove all hoses from the faucet.

What condition is your driveway in: The warmer weather we have experienced this past summer can do damage to blacktop driveways.  The heat causes asphalt to expand and crack, which can quickly lead to damaged driveways.  If you have these cracks, you will want to get them repaired.  If left unfixed, water will find its way into those cracks and, upon a freeze; it can cause even more damage.

What shape are your gutters in: When is the last time you have cleaned your gutters?  With the freezing and thawing that occurs during this time of year it’s imperative that your gutters are in good shape and free of leaves and dirt.  When your gutter is clogged, you are at risk for water backing up causing damage to your roof shingles.

Make sure all porches and decks are in perfect condition: If your porch or deck is in need of repairs and you have put them off, you may want to get those repairs taken care of now.  Heavy snow and ice can cause further damage which could cause the repairs to become more costly in the months to come.

Don’t forget the furnace: With the arrival of cold weather, a furnace in tip top working condition is what any buyer will be looking for.  Schedule your annual furnace check-up now.  A furnace that is not working properly can endanger your health and potentially cause you to lose a sale.

Keep in mind you will have potential buyers visiting your home and you want it to be a safe and positive experience. Keeping your driveway and sidewalks shoveled is a must. Keep salt on hand for those days that we have ice.

If you are interested in buying or selling a home in the Raleigh area, contact Rodney Geohagan. The Geo Team is here to help you with all of your real estate needs. Rodney Geohagan is a certified distressed property expert who has the experience to help you sell your home and is qualified to help you with all options before it is too late. There are many questions about how the short sale process works and whether a homeowner would be better off selling short or signing over their deed in lieu of foreclosure. Rodney has the answer and would love to sit down for a confidential review of your options.

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  • Avg. Sales Price: 379,000

  • Avg. Days on Market: 69

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