Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / July 21, 1994, edition 2 / Page 3
Part of Winston-Salem Chronicle (Winston-Salem, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
HomebTyervs guide ft An African American Real Estate Publication ft I ? V- ' ? v African Americans' Confidence Is Low in Homebuying Process v. A recent study by the Community Reinvest ment Association of North Carolina confirms what we have long suspected: North Carolina's biggest banks are "lagging behind their competitors in offering mortgage loans to minority and low-income borrow ?? ? " ers... * * In a survey conducted for Fannie Mae (Feder al National Mortgage Association), it found that per ceptions by African Americans of racial discrimina level. and that African Americans have only a mediocre level of confidence in the home-buying sys tem. If African Americans believe that discrimina tion is a real barrier to homeownership, and banks believe that African Americans are not good mortgage risks, then it stands to reason that these perceptions could be passed down to Realtors who may question the value of courting a market th.it in the end can't get financing for a home. It appears the problem is twofold: first, we need to change African American's perception of the homebuying process intjKa positive one. When blacks believe th^t buying a home is within their reach, they will be more willing to visit open houses and model homes and to call Realtors for help. Second, we need to encourage mortgage lenders to actively pursue bor rowers in the African American community. The starting pointls education. The home buying process can be a maze for first-time buyers, as well as move-up buyers. The path needs to be clearly marked, with assistance available along the way. That is what the Homebuyers Guide seeks to do every month ? to bring to our readers the information they need to know on any aspect of the homebuying process,- from selecting a knowledgeable Realtor, to different types of mortgages, to maintaining your new home. * ? New home buyers will want to read all about the Carver Glen community. Is that drippy faucet dri ving you crazy? "Fix that Pesky Faucet Now" will give you all the steps you need to save your sanity. Thinking of selling your home yourself? Don't try it until you read Katie Carter's story on the Pitfalls of Selling your own Home. These stories., and more;. .in the Homebuyer's Guide. All real estate advertising in this publication is subject to the Federal Fair Housing Act of 1 968 which makes it illegal to advertise any preference, limitation, or discrimination based on race, color, religion, sex. handicap, familial status or national origin, or intention to make any sucn preference, limitation, or discrimination. This publication will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this publication are available on an equal opportunity basis. mtmmm owpomi waivv Publisher, Ernest H. Pitt Editor, Judie Holcomb-Pack _ Advertising Sales, Mike Pitt, Carol Daniel Jijdie Holcomb-Pack Circulation, Mel White Production, Kathy Lee, Charlotte Newman Cover Design, Scarlett Simmons Carver Glen - A Shining Star in The East Winston Community Carver Glen, a new 18-acre development of luxurious but affordable homes, is bringing a new vision to the East Winston community. The development is already home to several families, with 8 homes now sold and 14 sites remaining in this beautiful family development. Homes in Carver Glen are being con structed by three choice builders ? Clement Lit tle Custom Builders, Kenabeck Builders and Carr Building Company. Homes range in size from 1200 to 1500 square feet, and will be th$ only new homes in East Winston in the $85,000 .to $100,000 price range. As part ot the Duke Power Maximum Value Home program, homes in Carver Glen are ail electric and. feature cost saving heat pumps, electric water heaters and all electric kitchens. ? . v Buyers can choose from several floor plans, including split foyers, split levels and ranch homes. These homes can also accommo date garages and full basements, finished or unfinished. Carver Glen offers first-time homebuyers a chance to realize the American Dream of home ownership. Special financing incentives are available for first-time homebuyers through several local banks and mortgage companies. Homebuyers willing to put some "elbow grease" into their new home can participate in a "sweat equity" program. This allows buyers to earn credit toward their downpayment by doing some tasks ? such as landscaping and paint ing ? themselves, allowing them to get into the home with a smaller downpayment. Carver Glen is a project developed by East Pointe Developers, a general partnership between Ernie Pitt and Tom Trollinger. The project designer is Eric Jordan. East Pointe Developers believes that Carver Glen will stim ulate growth in East Winston and present an. opportunity for persons who have been wanting 7 to move and live in East Winston to locate in a safe, desirable, planned residential community. In the future, the area will include a branch of the Winston-Salem/Forsyth County Library and a satellite campus of Forsyth Tech nical Community College. The library/satellite campus will form an education complex that will be available to everyone in the area. This project, along with the Carver Glen community, will enhance economic development in the area and in turn will stimulate commercial develop ment. Carver Glen symbolizes progress in East Winston, and will maximize the potential of the community through jobs and taxes. Carver Glen is professionally marketed by Josh Greer, an associate broker at Century 21 Advantage, who also manages the progress of Carver Glen, from coordinating with the Josh Greer ; Century 21 Advantage Carver Glen features several floor plans and styles. builders, organizing construction financing, working with the project designer and repre senting East Pointe Developers. From its beautiful homes and landscap ing to its exciting plans for the future. Carver Glen is certainly East Winston's Shining Star!
Winston-Salem Chronicle (Winston-Salem, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 21, 1994, edition 2
3
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75