Our Triangle Communities: Spotlight on Briar Chapel

by fmrealty on January 26, 2015

The following contribution is by Lauren Richardson out of our Fonville Morisey Chapel Hill Sales Office. Thanks for sharing, Lauren!

A Spotlight on Chapel Hill’s Briar Chapel Community

Briar Chapel Entrance FMRealtyIt seems there is new development happening around every corner in Chapel Hill right now. As the population continues to expand, the once small town is spreading out to accommodate the growing demand for new housing and commercial space. Over the last thirty years, the population in Chapel Hill has more than doubled, countless new businesses have opened and many have relocated here. Even with this tremendous growth, Chapel Hill has managed to maintain the small town culture that is so important to our residents. This has been accomplished through thoughtful development and planned communities designed to blend into the overall landscape of Chapel Hill and allow for growth without compromising character.

Amongst the many great neighborhoods, both new and old, in Chapel Hill is Briar Chapel – A unique 1,600 acre community with 900 acres of preserved natural space that is located just 7 miles south of downtown Chapel Hill. Since their grand opening in 2008, Briar Chapel has demonstrated their commitment to green living through their sustainable building, consideration for surrounding wildlife and their dedication to protect the land they are developing. Once complete, the neighborhood will include over 20 parks, a resort style pool and water park, 24 miles of biking and hiking trails, a first-class fitness center, 2 community gardens, 2 onsite schools and will be home to over 2,000 families.

BriarChapel3aIn addition to the fantastic amenities and picturesque surroundings, Briar Chapel offers something that is truly unique – a lifestyle. Residents of Briar Chapel are not just purchasing beautiful homes in a well-designed neighborhood, they are becoming members of a community that fosters social relationships and healthy living through an array of activities and events. Families of Briar Chapel enjoy everything from their own farmers market and pooch park to outdoor concerts and chili cook-offs. The community calendar is marked with classes and social events for almost every night of the week. The parks, trails and neighborhood gardens encourage neighbors to interact with nature as well as each other. Briar Chapel is an exceptionally designed, sustainably built, planned community with all the modern amenities where you will get to know your neighbors and enjoy a true sense of community. It is definitely a neighborhood that embraces the culture and values of Chapel Hill!

128 Tobacco Farm Way Chapel Hill FMRealtyPlease reach out to any of our Fonville Morisey Agents to learn more about Briar Chapel or take a tour of the community. The following agents from our Chapel Hill office have recently worked in Briar Chapel and have expert knowledge of the community -

Ann Koonce, Mitzi Powell, Brent Chambers, Jennifer Patterson, Christy Kimbro, Kay Dunson, Pace-Smith & Doan, Kathy Legnaioli and Chad Lloyd.

Images of Briar Chapel courtesy of Lauren Richardson. Image of 128 Tobacco Farm Way, Chapel Hill courtesy of FMRealty.com (Image current at time of publishing).

 

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Nearly two weeks ago, President Obama announced a reduction in premiums for new Federal Housing Administration (FHA)-backed loans. The good folks at Prosperity Home Mortgage stripped the news reports to put together an article that explains what that means for the everyday American, especially first-time home buyers. 

Housing just became more affordable!

FMRealty 1603 Carriage Drive FranklintonMortgage lending and credit standards have tightened in recent years. This has helped promote responsible lending practices and new consumer protections, however it has also made refinancing or buying a home more difficult for many homeowners and would-be home buyers.

For this reason, President Obama announced on January 7, 2015, a reduction in annual FHA mortgage insurance premiums (MIP) for new mortgage loans in an effort to help make housing more affordable for more home buyers and homeowners. Purchases AND refinance transactions will benefit from the premium reduction, which becomes effective Monday, January 26, 2015. FHA will lower annual MIP by 0.5% from 1.35% to 0.85%. According to the White House, this reduction should result in a savings of $900 per year for the typical home buyer! Existing homeowners who choose to refinance may see similar savings, as well….

To learn the specifics of this reduction and read the rest of the article, please visit the PHM blog.

The folks at RIS Media also provide prospective home buyers some tips for home buying under Obama’s new FHA policy as well.

When you’re ready to refinance or purchase that new home, please contact one of our FM Lending Mortgage Consultants. They’re here to help you get qualified!

Image of 1603 Carriage Drive, Franklinton courtesy of FMRealty.com. Image current at time of publishing.

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Triangle Housing Market Watch: Units Sold UP 8% – Good News for Home Sellers

January 15, 2015

The month of December….well, typically, the holiday season itself…is usually one of the slowest in the year for real estate in general. Families are busy with holiday parties and soirees, buying (and wrapping) gifts, sending out those annual Christmas cards, baking, you name it. BUT, that didn’t stop Triangle families from putting their homes on […]

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The Triangle Begins 2015 With More Accolades!

January 8, 2015

by Lisa Sullivan, Digital Media Marketing Director When a year ends and a new one begins inevitably you can expect to see all kinds of “best of” lists pop onto your computer screen. As 2014 concluded and as 2015 began, we caught seven lists of the sort all pointing toward our part of North Carolina, […]

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Last Minute Holiday Shopping in Chapel Hill!

December 23, 2014

The following contribution is by our Lauren Richardson of Fonville Morisey Chapel Hill. For you last minute shoppers, this ought to give you some GREAT ideas for your gift list. Thanks for sharing, Lauren! Thanksgiving has passed, the family has left town and the serving dishes are happily tucked away where they belong. Then, just […]

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FM Lending: 3% Down for First-Time Home Buyers? Yes, Please!

December 18, 2014

The following contribution comes from our Dan Flynn, Senior Mortgage Consultant with FM Lending based out of our Fonville Morisey Brier Creek office in Raleigh. If you are a first-time home buyer, you REALLY need to see what this program offers. Take a look…and thanks, Dan, for sharing! FM Lending is pleased and excited to […]

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Triangle Housing Market Watch: Median Sale Price UP 5%

December 15, 2014

Fonville Morisey Market Minute Reports for November for the entire Triangle as well as local communities were released today and the results aren’t that surprising. Home sales typically drop off as the end of the year approaches. So, therefore, the decrease by 5% year over year in Units Sold is also not that surprising either. […]

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REALTOR Tip: Holiday Decorating for the Exterior of Your Home

December 10, 2014

It may be mid-December (and only 15 days until Christmas, but who’s counting?!), but we venture to guess in the busiest season of the year there are plenty of you that have not decorated your homes in all their holiday fare just yet. Go ahead. Let’s see you raise your hands! The folks at HGTV […]

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REALTOR Tip: New Year’s Resolutions Every Homeowner Should Make

December 4, 2014

The following contribution is by our Eddie Brown, VP / Sales Manager of our Fonville Morisey Brier Creek office. While it may only be the beginning of December, why not think about these things now because you know 2015 will be here before you know it, right? Thanks, Eddie! New Year’s Resolutions Every Homeowner Should […]

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The 2014 Food Bank of Central & Eastern NC Holiday Meals Drive is in Full Swing – Can You Help?

December 2, 2014

by Lisa Sullivan, Digital Media Marketing Director Picture this… “I deliver food to agencies, each time I deliver there are always people standing around waiting for food. It starts out with 5 or 6 and then grows to as many as 50 or 60 people waiting on a delivery.” ~ Food Bank CENC Driver Unfortunately, […]

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