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Robby Oakes Mortgage Team
A North Carolina Mortgage Originator Committed
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Serving Chapel Hill, Durham, Raleigh, Greensboro, Wilmington, Charlotte, Morehead City and all of North Carolina.

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What Is A 1031 Tax Exchange?

July 23, 2019 by Robby Oakes

A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a “like-kind” property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property for acquisition and then close the purchase transaction to complete the 1031 exchange within 180 calendar days.

Filed Under: Real Estate Tagged With: Real Estate, Real Estate Investment, Tax Benefits

What’s Ahead For Mortgage Rates This Week – July 22nd, 2019

July 22, 2019 by Robby Oakes

Last week’s economic reporting included readings from the National Association of Home Builders Housing Market Index, Commerce Department reports on housing starts and building permits issued.

The University of Michigan consumer sentiment index was also released. Weekly readings on mortgage rates and new jobless claims were also reported.

Filed Under: Financial Reports Tagged With: Financial Reports, Jobless Claims, Mortgage Rates

5 Important Benefits Of Downsizing Your Home

July 19, 2019 by Robby Oakes

After the children are all grown and moved out, the family home often feels excessively large and empty. If you’re in this stage of life, you may be wondering if you should downsize like so many others, or stay put. Downsizing may be the best option, depending on your lifestyle.

Filed Under: Real Estate Tagged With: Downsizing, Organizational Tips, Real Estate

The Incredible Value Of A Business Mentor

July 18, 2019 by Robby Oakes

If someone says that they are a “self-made” success who did it all completely by themselves with no help from anyone, they are probably stretching the truth. Success never usually happens in a vacuum. The definition of success is that something is recognized and respected by others.

Filed Under: Real Estate Tagged With: Business Relationships, Mentorship, Real Estate

NAHB: Housing Market Index Rises 1 Point in July

July 17, 2019 by Robby Oakes

Home Builder sentiment rose one point in July according to the National Association of Home Builders Housing Market Index. 2019 builder confidence in housing market condition continued to fall short of 2018 levels. July’s Housing Market Index reading of 65 was one point higher than June’s reading.

Filed Under: Market Outlook Tagged With: Market Conditions, Market Outlook, NAHB

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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