North Carolina Transfer Tax Goes Down...in flames

A few months back I blogged about the proposed North Carolina transfer tax and what it would mean to buyers and sellers in North Carolina.

Yesterday the people had their say in 16 North Carolina Counties and unanimously defeated the measure.

This paves the way for North Carolina to continue to be a lower cost alternative to baby boomers thinking about where to hang their hats for their glory years.

Forbes ranks three Carolina cities "most affordable"

If you're a baby boomer thinking of retiring to the Carolina's or buying a second home there, you won't only be choosing a great location, but it might make sense financially. Forbes just ranked three Carolina cities "most affordable" as far as real estate is concerned.

My next book, Carolinas for Boomers due out later this year will give you all the information you need to find a place and buy in the Carolinas.

Read more:
Forbes ranks Raleigh as 12th most affordable real estate market - Triangle Business Journal:

North Carolina "Home Tax" transfer tax increase in the works

Buying and selling a home in North Carolina might get a little bit more expensive later this year if some local leaders and legislators have their way. NC already has a .2% deed stamp tax (by comparison, Florida's is .7%). But some people in local and state governments are saying thats not enough to fuel North Carolina's growth and want to add an additional transfer tax (Realtors opposing the measure are calling it a "Home Tax") of up to 1% ($1,000 for every $100,000 of the sales price).

Read the full article in the Greensboro News-Record