CONSUMER ALERT: Mortgage Modification Scam Targeting Homeowners in Charlotte

In my mailbox on Monday was an official-looking mailing that offered to restructure my loan and lower my payments by 50%.  Because I simply can't help myself, I called the 1-877-823-8399 number in the mailing and it goes nowhere after hours.  A good sign that this is a scam. The next day, I called back […]

DO NOT Revive the Failed $8,000 First Time Home Buyer Tax Credit.

July 2010's miserable residential real estate sales have, once again, renewed fears of a double dip recession and more trouble ahead for the housing sector.  In many parts of the country, the end of the $8,000 First Time Home Buyer Tax Credit at the end of April created a sales bubble that resulted in sales […]

Jay Papasan on Why Some Houses Sit While Others Sell

Connect with Jay Papasan via Twitter Charlotte NC Homes For Sale

Beware Hidden Transfer Fees on New Construction Homes

It seems that tough times have brought out the some of the most ingenious methods of separating you from your hard earned money.  This time, it is a private transfer fee that will be paid to the builder once you sell the property the next time…and then the next time…and then again the next time – for […]

Myers Park – Charlotte Real Estate Update – August 2010

Myers Park Real Estate Update Sales: 7/1/2010 – 7/31/2010 Data from the CMLS Sales in Myers Park rose 37% year-over-year in July from the year prior to 22 closed single family and townhouse / condo sales.  This was an unexpected gain as many neighborhoods throughout Charlotte experienced a decline in sales by the same amount […]

It’s Wise to Perform a Title Search Prior to Listing Your Home for Sale

Today, it seems that there are more issues than ever that are arising that can cause a real estate transaction to melt down just before closing.  For buyers, most mortgage companies have now started running the buyer's credit just prior to close to look for additional purchases and some have even performed last minute employment […]

Matthews NC Real Estate Update – August 2010

Matthews North Carolina Real Estate Update Sales: 7/1/2010 – 7/31/2010 Data from the CMLS Following the trend experienced in Charlotte post home buyer tax credit, residential real estate sales in Matthews fell 35.8% year-over-year in July with only 43 single family and condo / townhouse units closing.  As a result of the dip in sales, […]

SELLING YOUR FIRST PLACE? Then HGTV is looking for you!

MY FIRST SALE, the popular primetime HGTV show, is looking for first-time home sellers (and their real estate agents!) in the Charlotte NC area. We are looking for fun, high-energy people who are just starting the process of selling their first place!  Our cameras will be there to capture all the trials and tribulations, stress […]

10622 Bere Island Drive Charlotte NC 28278

SHORT SALE: Popular Shea floor plan features 2 story great room with gas fireplace & ready for your built-in cabinetry, living room and dining room with hardwood flooring, kitchen with designer cabinets w/ granite counters. Bedroom and Full Bath on Main Level. Master Wing w/ Tub and Sep. Shower. 3 Bedrooms up plus Bonus / […]

Just Listed: 8920 Heydon Hall Circle Charlotte NC 28210

SHORT SALE: Unbelievable Simonini Built Custom Home features Gourmet Kitchen with Bosch appliances, multi-zone home audio, 8' interior doors on main level, Red Oak floors. Main level Master Suite w/ Kohler Purist 2 person 'overflow' soaking tub in Master Bath. 4 Bedrooms up w/ 3 Full Baths + 400 sq. ft Bonus Room. Heydon Hall […]

Top 9 Most Expensive Homes Listed Around Charlotte

Click on the address to access the listing with more pictures and virtual tours: 127 Thurstons Way Mooresville, NC 28117 Current List Price: $9,500,000 Days on Market: 71 as of 8/16/2010 Bedrooms: 4 Bathrooms: 4 Full 5 Half Total Heated Living Area: 11,300 – 13,300 Lot Size: 2 Acres Description: Panoramic views of beautiful Lake […]

What Chamillionaire Should Have Considered Before Strategically Defaulting on His Mansion

Rap star Chamillionaire admitted to TMZ in June that he simply walked away from a mansion that he owned outside Houston as the market tanked.  "So I just decided to make a business decision, to let it go, give it back to the bank. I just didn't feel like it was a good business investment […]

SHOW ME THE MONEY! Programs to Get Money To Pay Your Mortgage

Tonight on the John Hancock show, Jon Wilson and I started talking about the various programs available to help struggling homeowners make their mortgage payments.  Here's a rundown of those programs and others: HUD Emergency Homeowners Loan Program Cost: $1 Billlion Amount: $50,000 Starts: September, 2010 Details: Homeowners late on their mortgage payments – but […]

Are Charlotte Area Foreclosures Up 39% and Down 4% at the same time?

On Thursday, RealtyTrac released it's foreclosure data which showed foreclosure activity in the Charlotte area up 39%.  A few days earlier, the Clerk of Courts released data that showed that foreclosure filings in Mecklenburg county fell 4% in July Y-o-Y.  How can this be? I have come to discover that RealtyTrac's methodology of calculating foreclosure […]

Charlotte ENTIRE MLS Area Real Estate Stats – July 2010

Quick Snapshot of the Charlotte MLS area (Mecklenburg and the 10 surrounding counties) Sold: July 1, 2010 – July 31, 2010 Current Inventory: 24,557 New in July: 4,252 HUD: 156 REO / Lender Owned: 1,427 Short Sale: 1,313 VA: 31 Relocation Company: 263 Closed in July: 1,664 (using Sold Date) July 2009: 2,366 HUD: 86 […]

Local Media Real Estate Reports Inaccurate. Here’s Why

If you are reader of my blog, you get a different picture of the Charlotte Real Estate market than if you simply followed the local media reports on the Charlotte market.  This became more glaringly apparent this month as my sales figures were 15% below the stats the local media reported on August 10th: REALTORS

Uptown Charlotte Real Estate Update August 2010

Uptown Charlotte Real Estate Update For sales from 7/1/2010 – 7/31/2010 Includes Single Family, Condo, and Townhouses Following the end of the first time home buyer tax credit, home sales in Charlotte's Uptown / Center City fell 43.7% from the year prior as only 9 residential properties reported as closed through the CMLS.  Compared to […]

Government to forgive billions in principal for those who can pay their mortgage payments

A couple of days ago, I posted about a program headed to North Carolina through the North Carolina Housing Finance Agency, to help make mortgage payments to struggling homeowners facing foreclosure.  Well, the good news is that you no longer have to be out of work or have a hardship to get the government to […]

Out of Work and Facing Foreclosure? The Government Will Pay Your Mortgage

This week, North and South Carolina became two of five states to receive a second round of TARP funds allocated to the fund their Housing Finance Agencies.  North Carolina is receiving $159 million while South Carolina is receiving $138 million.  According to an August 4th press release from the North Carolina Housing Finance Agency, the […]

Indian Trail North Carolina Real Estate Update – August 2010

Sales during the month of July fell 28.2% from June when 39 single family and townhomes closed to a 10+ year low of 28.  To put July 2010's sales into perspective: July 2009: 46 July 2007: 68 July 2005: 89 July 2003: 59 July 2001: 34 While many of the communities around Charlotte experienced a […]

Charlotte North Carolina Real Estate Update: August 2010. Sales Plummet Post Tax Credit

Just a quick disclosure: This data was compiled on 8/4/2010 at 11:00am EST. Twelve more sales have been posted as of 5:30pm however most of the overall sales picture will not change that much.  This represents single family and condo / townhouse sales in Charlotte North Carolina from 7/1/2010 – 7/31/2010. Detailed neighborhood breakouts of this […]

Probably Won’t Save Money Bypassing a Buyer’s Agent

In a move to score the ultimate lowest price offer on a home, some home buyers are willing to go to a number of extremes.  The most common is to search and negotiate for a home without the aid of their own buyer's real estate agent to assist.  The idea is that with the seller […]

This Month in Real Estate – August: Mortgage Interest Rates Hit New Lows

Charlotte Homes For Sale

Licensed in North Carolina, South Carolina. Members National Association of REALTORS®. Equal Housing Opportunity. Copyright © 2000-2013 Keller Williams ® Realty. - a real estate franchise company. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental.