Discovering the Charm of Latham Park: A Greensboro Neighborhood

Are you planning a move to Greensboro, North Carolina? Or perhaps you're already a resident of the area, searching for the perfect neighborhood to call home. In this blog post, we're going to take a closer look at the delightful neighborhood of Latham Park.

Latham Park's Ideal Location:

Latham Park is all about that real estate mantra: location, location, location! Tucked away in the heart of Greensboro, it offers residents the best of both worlds - close proximity to the bustling downtown scene while maintaining a peaceful and serene atmosphere.

Charming Houses:

One of the standout features of Latham Park is its picturesque houses. Dating back to the 1940s to the mid-1960s, you'll find a delightful mix of charming cottages, bungalows, and even Cape Cod-style homes. Surprisingly, prices in this neighborhood are quite affordable, ranging from $255k to $855k, with the average selling price hovering around $330k. This makes Latham Park an appealing choice for a diverse range of residents, from young professionals to families and empty nesters.

Convenient City Living:

Latham Park offers the perfect blend of city living without the hustle and bustle. With Battleground and Wendover Ave in close proximity, you'll have all the amenities and shops you need within walking distance. Whether you're in the mood for Wood-Fired pizzas at Elizabeth's Pizza or gourmet burgers at Hops Burger Bar, Latham Park has you covered!

Education Options:

Families with children will appreciate the quality school options in the Latham Park area. Students may attend Irving Park Elementary, Mendenhall Middle, and Page High School.

No HOAs: Another attractive feature of Latham Park is the absence of homeowners' associations (HOAs), giving residents the freedom to express their creativity and make their homes truly their own.

Greenway Connection:

For those who enjoy staying active and close to nature, Latham Park is connected to the greenway, a scenic trail system perfect for walking, jogging, or simply enjoying a leisurely stroll.

The Nearby Friendly Center:

Convenience is key in Latham Park, and the nearby Friendly Center, just a quick seven-minute drive away, offers a plethora of shops, restaurants, and entertainment options to cater to every taste.

A Winning Choice for All:

Latham Park caters to a diverse range of residents, whether you're a young couple starting a family, a professional seeking work-life balance, or a retiree looking for a tranquil place to call home. The sense of community, convenience, charming houses, and fantastic amenities make Latham Park an ideal choice for all.

Reach Out to Us:

If you have questions or need more information about Latham Park, don't hesitate to reach out. We're here to help you find your dream home in this fabulous neighborhood.

Conclusion:

Thank you for exploring the charm of Latham Park with us. Stay tuned for more neighborhood highlights as we continue our journey through Greensboro's vibrant communities!

The Greensboro NC Cost of Living: A Comprehensive Guide

Introduction:

Welcome to another informative blog post from "Living in Greensboro NC with Lynette Selby." I'm Lynette Selby, a local Realtor with Berkshire Hathaway in Greensboro, NC. Today, we're going to delve deep into the cost of living in this vibrant city. Whether you're considering a move or just curious about Greensboro's affordability, stay with us as we uncover the details.

Housing Costs: Let's begin with one of the most significant factors in the cost of living - housing. Greensboro offers a pleasant surprise when it comes to rent prices, which are comfortably below both the state and national averages. For a one-bedroom apartment, the monthly rent hovers around $985, while a two-bedroom unit will cost you approximately $1,100. Despite recent increases in rental rates, Greensboro still falls below the national average. If you're looking to buy a home, particularly new construction, you'll find options in the range of $300k to $400k. If you're undecided about renting versus owning, check out my video on the topic [insert link], but be sure to return here to get the full scoop.

Transportation: Getting around Greensboro is crucial to enjoying all the city has to offer. While our public transportation system may not be as modern as some other cities, having your own vehicle is advisable. Ride-sharing options can be relatively pricey. On the plus side, gasoline prices in Greensboro are about 25 cents per gallon lower than the national average.

Utilities: Managing your monthly budget? Expect utility costs to range from $150 to $250 per month for basic services. If you decide to include cable and internet, you can expect an additional $75 to $150 added to your bill.

Property Taxes: On the property tax front, North Carolina brings good news - property tax rates here are below the national average. However, when it comes to sales tax, it's a different story. The current sales tax rate stands at 6.75% (as of 2023).

Income and Wages: Now, let's turn our attention to income. Greensboro boasts a living wage estimated at $16.82 per hour, which covers essential expenses like housing and food. According to ZipRecruiter.com, the average salary in Greensboro as of 2023 is around $52,000, which is quite competitive.

Conclusion: In my personal opinion, Greensboro offers an affordable cost of living, making it an attractive place to call home. With below-average housing costs, a diverse job market, and the undeniable Southern charm, it's a city that caters to everyone, whether you're a young professional, a couple, or a family.

Real Estate Opportunities: If you're intrigued by the idea of living in Greensboro or investing in the city's real estate market, don't hesitate to reach out to me.

https://calendly.com/lynetteselbyrealestate/real-estate-call (link to my directly calendar)

Living in Greensboro, NC: Pros and Cons You Need to Know.

Are you considering moving to Greensboro, NC? As with any city, there are pros and cons to living in Greensboro. In this post, we’ll go over a few things you should consider before making the move.

Pros:

1. Affordable Cost of Living: One of the biggest pros of living in Greensboro is the affordable cost of living. You can save money on everyday expenses such as gas, utilities, and property taxes. Housing prices are also lower than the national average.

2. Central Location: Greensboro is located in the central part of North Carolina, which means it’s easy to travel to other parts of the state. Whether you want to visit the mountains, beaches, or other cities, you can do it without having to travel long distances.

3. Friendly People: Greensboro is known for having friendly and welcoming people. You’ll find that most residents are kind and willing to strike up a conversation with strangers.

Cons:

1. Pollen: If you suffer from allergies, Greensboro might not be the best place for you. The city is known for having high pollen counts during the spring and summer months, which can cause allergies to flare up.

2. Unpredictable Weather: The weather in Greensboro can be unpredictable. It’s not uncommon to have both winter and spring temperatures in December or April. The weather can change quickly, so it’s important to be prepared for anything.

3. No Professional Sports Teams: If you’re a fan of professional sports, you might be disappointed to know that Greensboro doesn’t have any major professional sports teams. However, the city does have a minor league baseball team.

Living in Greensboro can be a great experience, but it’s important to consider the pros and cons before making the move. With its affordable cost of living, central location, and friendly people, Greensboro could be the perfect place for you. However, if you suffer from allergies or prefer a city with professional sports teams, you might want to look elsewhere. Regardless of your decision, we wish you the best of luck in finding the perfect place to call home.

No Money Down? No Problem! USDA Loans for Greensboro, NC Homebuyers

Are you looking to purchase a home but don’t have the money for a down payment? Well, a USDA loan might be the solution for you! In this article, we will discuss USDA loans and how to qualify for them.

A USDA home loan is a type of loan that is backed by the US Department of Agriculture to help low to moderate-income families living in designated rural areas purchase homes more affordably. This loan offers 100% financing, lower mortgage premiums, and lower interest rates. There are three main types of USDA mortgage loans:

1. USDA Direct Loans: These loans are issued directly by the USDA for qualifying low-income borrowers with interest rates as low as 2.5%.

2. USDA Loan Guarantees: These loans are issued by participating lenders and offer low-interest rates and minimal down payments.

3. USDA Home Improvement Loans: These loans are given to qualified homeowners to make repairs or improvements on their homes.

To qualify for a USDA loan, there are several eligibility requirements that you must meet. Firstly, you must live in the home and use it as your primary residence. The property you are purchasing must also be located in an eligible rural area, which you can check on the USDA’s eligibility site.

Furthermore, your adjusted gross income cannot be more than 115% of the median income in the area. You can also use the USDA’s eligibility site to check your income eligibility. You must have a stable income and can make your mortgage payments without incident for at least 12 months based on your assets, savings, and current income. Most lenders require a credit score of 640 or better, but if your score is close to that or below, you may still qualify.

It’s important to note that although USDA loans do not require a down payment, you will still be responsible for your closing costs.

In conclusion, USDA loans are an excellent option for families who want to purchase a home without a down payment. To learn more about USDA loans and to check your eligibility, visit the USDA website. If you’re interested in getting a USDA loan, contact a lender that specializes in this type of financing. Don't hesitate to reach out to Lynette Selby Real Estate for recommendations on lenders who specialize in USDA financing.

Thank you for reading, and we hope this article has helped you understand USDA loans better. If you have any questions or need further information, feel free to leave a comment or send an email to lynette.selby@bhhsyostandlittle.com