Raleigh Real Estate Blog
North Raleigh Neighborhoods: Bedford
About Bedford at Falls River
Bedford at Falls River brings to life what you think of when you think of a traditional neighborhood. The architecture will remind you of olde neighborhoods with tree lined streets, sidewalks and picket fences. There are small parks, playgrounds and greenways throughout as well as a large recreation center proving space for basketball, tennis, volleyball combined with 2 pools.
Home styles include a mix of town homes, row homes, single family detached and large estate homes.
Size: 1250 – 6000+
City: Raleigh
State: North Carolina
Zip: 27614
The Shoppes of Bedford offer local residents 2 daycare centers, a florist, dry cleaners and a small restaurant. Conveniently located close to Falls Lake, 540 and the Falls River and Falls Village Shopping Centers, Bedford is surrounded with shopping, restaurants, local schools and other conveniences.
You can learn more about the popular North Raleigh neighborhood of Bedford at Falls River online at http://www.BedfordTradition.com.
View homes for sale in Bedford at Falls River:
How long will mortgage rates stay so low?
How long will mortgage rates stay this low? Home prices in Raleigh have fallen steadily since 2008 and there’s no sign that prices will move up anytime soon.
We know the inventory is still high and we know there is more coming but I can’t predict rates that way. Shoot, every time I have tried to make a prediction, something else happens in the world! Honestly, how was I supposed to know Greece was so jacked up?
Check out what mortgage rates have done since 1980:
Click to enlarge
I know you keep hearing how great rates are but instead of banging you over the head to buy now, try this on for size: Home prices in the Raleigh area are down and so are mortgage rates. I am certain home prices will stay down for a few more years. I have no clue what mortgage rates will do over the next few years. I can’t imaging them going any lower!
5 Things to consider before you buy a home
Raleigh has grown so much over the years that it is challenging to keep up with, even as a real estate agent with almost 12 years experience.
Trouble starts when a buyer is new to the area or if they are so caught up in the excitement of buying a home that priorities get confused.
Avoid getting stuck with a great house in an area you hate.
- Think long term. Buying a home is not a transitional step, it’s a major move with large financial consequences if things go wrong.
- Verify important information. Don’t rely on the builder’s agent to tell you about future highway plans. Check with the DOT and see for yourself what local transportation plans are. Make sure your neighborhood has access to the schools you want. A knowledgeable real estate agent will guide you through this process and know the resources you need.
- Consider the cost of your commute. This has never been more true than since gas hit $4.00/ gallon! Raleigh is a big area and before you know it you might find yourself commuting 25 or 30 miles to work each way. That’s just you, don’t forget driving the kids around for their activities, too.
- Pay attention to the neighborhood. You can change a house over a few weekends but changing a neighborhood is a bigger challenge. Do you have children? Pets? An elderly parent? Be sure the neighborhood meets your needs and wants before you buy.
- Consider the culture of an area. Downtown Raleigh will differ from the golf courses in North Ridge and Preston. Just like NC State and Meredith will have large populations of students, Falls River in North Raleigh may have a lot of school kids. Check out the local grocery stores and restaurants because they can tell you a lot in a short time.
These are all steps I have used personally. I wouldn’t buy a home without them and I wouldn’t recommend you buy without them either.
Meet your mortgage lender in person
If you are a first time home buyer, then meeting with your mortgage lender in person is very important. Get recommendations from family and friends and your real estate agent. Don’t shop just rates, know that who you working with is available and willing to meet with you. It won’t take long and you’ll be glad you did.
Your Ideal Home Will Never Be Cheaper
If your goal is to sell your current house and take advantage of the great selection of homes currently for sale in the Raleigh area, DO IT NOW! No-one knows how much longer home prices will continue to soften in the Raleigh market. But, if you are buying, COST should be more important than PRICE. Cost can be dramatically impacted by rising mortgage interest rates. Do the math and decide if now is the time. A rise in rates by 1% can COST you a lot!
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