Moving to NC Get a Brand New Home for Under $2,500mo

0:00Moving to North Carolina is one of the goal and one of the destination out of the two major favorite states in whole America to move in in 2026. When you look at the map, you see Raleigh and Charlotte are very expensive places to live. That's why people start looking for the corridors and looking for the other ways to try to maybe move to North and South Carolina and a lot of people are looking at Greenville, North Carolina and one of North Carolina. And if you want to live here, you may have done the actual math of what it costs to have a house every month. You may have also had to price ranges, but we're going to try to break down what choosing this area and the numbers might work for you. So by the end of the video, you will know exactly what you need for a brand new house under $2,500 a month or less, sometimes it can be due for the mortgage payment. So we're going to show you neighboring area where you can even get more money on a budget. So there is a massive ship happening where people are choosing to live in our state. And we love that we get to help people in Greenville and North Carolina. Exactly. So many people actually come to this area for either a better job, proximity or closeness

1:02to their family or some of you you wanted to retire or you get all of a sudden a job offer and you wanted to discover what's going on and what North Carolina has to offer. Well, it's also the cost of living compared to the Northeast. I'm recently from Boston. It's very expensive to live there or the West Coast crazy expensive. North Carolina, we do have a flat tax of 4.2% which is a huge deal for high earners. So that is something you have to know right away. And in pick counting there is a very stable economy because a lot of it is based on health there. And we do have some educational, of course we have educational sector because we have ECU and East Carolina University and East Carolina University Health which keeps the market stable even when other places are getting nervous. Exactly. And to be honest, we are seeing a lot of younger people from Generation Z and Millennial that moving to this area which is east of North Carolina to escape those high rents in the other part of the country like North and West and they wanted to own something that they wanted to be, for example, in the brand new construction.

2:05And I was going to throw this out there too because my mom said, well, I'm Gen X, right? So Gen X, why would I want to live here in Greenville, North Carolina? Cost of living. Why do my mom want to move here and think because you want to be closer to me of course and cost of living because at the end of the day it would matter. So Winterville is the top three professionals who want to work in Greenville. It is a suburban field but people are looking and that's what kind of people are looking for that. You get close to the city, all the amenities that you have in the city but you don't necessarily have the high property you get within the city limits. Exactly. But if you look at those total tax bill to know what you're really paying, the county base rate is 56 cents for every hundred dollars of the value of the homes. And the county, as we said, you add these basic town tax and things like fire districts, EMS, emergency medical emergency medical emergency, this fees is going to add to that 56 cents

3:06for every hundred value to create that's all together. The effective tax rate is going to be one dollar and 16 cents. And there's also small fees like $144 for an annual landfill fee and there is a $3 fee for parking your home at your home. Now it lets you smooth that in math now. So say you're buying a house in Winterville, $316,000 and your problem with property taxes will be $3,685. That works out to $370 on a mortgage on taxes every single month because don't forget a mortgage is price, I mean, principle, interest, tax, and all kinds of things. So there's floor factors that's always started with the tax. Now let's talk about the other part, insurance, because that's a big part of your monthly payment. Exactly. Because we are in the eastern North Carolina, there's always a list of wind, rain, or some storms here. And they show us that almost every property in Winterville, North Carolina has some risk of wind events over the last 30 days.

4:08But there's a massive financial advantage that a buyer, they wanted to buy a brand new homes in Winterville, North Carolina. As insurance sees, newer homes is lower risk because of the older homes, buy, root, age of root, age of age of age, so there's less problems with the newer one. So then you look at that. The average insurance for a regular house is $3,700, but there's a lot of older homes. For new homes in the $300,000 range, we're actually looking at insurance to be much less. Typically insurance is going to be about $1,500 to $19,000 on a really expensive one for these properties. That's about $150 for adding to the insurance to the total bill per month. So again, we just talked about $300 and $3,6, $3,7, and $1,250. So let those are the biggest hurdles we have besides those interest rates with the environment. Now let's have both of those. Exactly. Now look at the standard market race for the 38s, fixed mortgage, FHA, which we are running right now. Conventional.

5:09Conventional. I'm sorry. Conventional. So we're going to be doing $1,500 to $6.5%. Of course, it depends on your credit score and asset and many things that the lender is going to tell you and is not an RS specialty because we are not a lender. But let's just talk about the mass deal that we talked about. For $3,000 or $1,000, the rate for the payment might feel out of reach because we are trying to keep it under $25 or even under $2,000. But if you look closely at some developers, sometimes offer a very good deal. You can buy down the rate. They'll give you some money to buy down the rate. We just know some homes that have interest rate specials is always $3.99. These are not temporary teasers, but a permanent buy down for the life of the loan. And that is a massive, massive saving every single month, which has so many people tell us when they go to the field. It's cheaper than renting. Because it is cheaper than mentoring. Exactly. So let's look at the two scenarios every single month. Exactly. Therefore, let's look at it as my wife said, this scenario, let's look at the real house number. And we'll use like for the sake of arguing a 10% down payment, where a house that applies

6:13at $360,900. And if you go with the market rate, let's say with a conventional loan, 6.5%, your principal and interest rate is going to be over $1,800 just for those two numbers. But when you add any insurance and the taxes, that comes to $2,300. Now, let's go with the same numbers. You're looking at, again, I use the 10% easy math. We can talk about it at 3.5% if you need it or higher, 20% even better. But if you're looking for the incentive rate at 3.99, this changes. Now, at the 10%, this is going to drop your monthly interest payment and interest at $13.59. Now, if all of the taxes and insurance included, that comes to $18.59. And you can see that savings of $43 per single month and why buying a new home can be cheaper than renting. Because that's a $5,000 argue of saving in your pocket instead of going to the bank. Exactly. This is exactly how people are getting to the high quality brand new construction homes while keeping their budget on their $2,000.

7:14And some people want to lower price, but still now we wanted to talk about even more details for you that how you can get even those deals that help you with your monthly payment as my wife said. We're talking about the lower price point now. So say if you don't necessarily need winter bells. Say you're willing to go to Krypton, like my mom chose Krypton. If you're looking 19 miles south of Greenville, you're going to see Krypton is so much more affordable entry point. I don't know what 3.99 interest rates they are. I've not heard of that. But the me who value in Krypton is $172,000. New construction will find you in the low 200. And I can give you a free bedroom, two bedroom example of a house that's currently in the market. They just did the math for $2,000 and $29,000. Exactly. And market interest rate of a house that price has lower monthly payment than we wanted to talk about. For example, for these numbers that my wife talked about, the house would the $202,000, $29,000, let's say we're going to go with the rate of 6.2%, and we wanted to put that

8:1610% down. And when you put that 10% down, how much is going to be the principal entry? 17, 25, including, you know, not different to lunch rolls, including home orders and property taxes and insurance, came to about 17, 25 and 1. Now, if you go to 20%, that number goes to under 15, 14, 76. But let's just go with a 3.5% FHA down, with the estimated of the filming of the video of 5.67 as today's rate, then this means your payment, all in, everything included 17, 17 on that house that I was talking about. Exactly. We had brand new home inside of the grandville, which we were talking about, for example, Griff in North Carolina, for under 1800, no one to be exact 17, 17. This is incredibly affordable, poor brand new construction that nobody had even leave in, is that you have all kind of warranties on those houses, and you don't need to think about the roof, your AC unit, everything is in the perfect shape. Now, the trade-off is going to be, you have a longer computer if you need to go to

9:17Greenville. So, it can be as long as 27 minutes to one end, like if you need to go to very specific parts of the other end of Greenville, it can be smaller if you want to understand what it's going to be like 20 minutes, but you have to know that that commute is there. So, there's a lot of families that aren't choosing to paint even though gas prices are, we don't know what the gas prices are in the future, but a lot of families are still choosing that, that extra time in the car, because they want the house with the price that they can feel that they can afford. Now, when available, the market is very strong, it's moving faster than the other places because everybody wants to be in the places, especially in the specific school zone, in medical areas where people get to the hospital super quick, and property values where you are seeing a lot of appreciation is because that's what people really want to be. So, yes, there's going to be a little bit more pricey there, but you're also going to get the advantages there. So, property values are still appreciating, which is great for your well. Exactly. That you can also go to the housing market, the update that we publish every month, but because there are not many houses on the market and they go super fast, that means that

10:21it's really important to get to the houses before the house goes out of the market. But you do have to make sure that you're looking at all the specials and like the deals that we've been talking about, because Griffith is becoming a nice, balanced market where people are going to get a little bit more chance to breathe and make good decisions. But whenever we see it's faster with the proceeds, you're getting that fast appreciation. So, if you're looking to be meeting cash flow and overall lower debt burden, Griffith might be your choice. But if you really are looking for those interest rate deals, you have to be knowing where they are and where you want to be too, because you might be able to get that in an area that you really, really want to be in. Exactly. And this is going to help you to lock a house with, as my wife said, for that specific scenario, almost $450 a month on your monthly mortgage. And as we said, we are not mortgage lenders, and so we always tell our clients sit down with your lending partners early in the process, because you want it to know all of the facts

11:21about what is your cost is and what you want it to do exactly as is there any way that you can even lower that monthly payment. Our job is to make sure that we say a rest of those deals. We can explain to our clients where the deals are, and you want to make sure that you are getting the finance that makes the best for you. Again, we're not lenders. We don't really want to get, I don't even want to be a lender. But you do see that we can connect you with the right people. But if you know the best, if you know we study the markets all the time, it's our job. We know which neighborhoods are aware of the incentives and where they're talking about inventory. Buying home is a big deal. It's the biggest deal that they ever make financially. And you shouldn't guess that your numbers were just told. You need to know all the factors. Exactly. Therefore, as we said, we need to have factors, everything that is in that equation. For example, HOA dues, which are often is for some of the neighbor who is like a $90 per quart. You also need to think about the money that you need to save for the utilities because the new homes are more, to be honest, more energy efficient.

12:23And we have this possibility in most of Greenville and Wintery area, at least 80% that all of your bills comes under the Greenville utility, which is another benefit for you because you don't pay different bills, you just pay one bill. And remember, a new home comes with warranty, as we said, and you don't have to be worried about any of the main components of the house, including your roof, your air conditioning, or the windows, anything structural wise. And this is again another thing that makes you to be more comfortable. And these give you more specifically a predictable cost of living. And this is why this region is growing and is continually to grow. And why they're building all these highways. Greenville was the only city in the North Carolina, not connected to a highway. So they are now connecting us to the major cities in order to get there. So if you're looking for the premium move, Winneville, or the high value of the off-num berth-in, these are going to be smart moves because Pitville, Pit County is very growing. There's a lot of industrial that's happening here in the North, more sexually.

13:26I've only recorded a couple of videos about it. I mean, you really have to make sure you're finding the right deal for you because we pride ourselves on trying to keep our soul pride is not a right word. But we do try to keep our faith in all the specials in every new development in the area. So you can find the house and the payments that you would both love and something you can afford. And don't forget to call us, or going to the description below to schedule a book and appointment with us. We are Alan Victoria Pinder, real estate agent in Greenville and Winter in North Carolina, which is part of the Pit County in North Carolina. And don't forget to watch all of our playlists, all the new updates that we put for you, everything about the area, Greenville and Winneville. And finally, don't forget to subscribe to our channel, write us a comment, we would love to connect with you, and see you next time.