When Do I Get Keys to My New House?

Charlotte NC Moving Van

Closing day on a home purchase is pretty exciting.  After touring the home one last time and signing a tall stack of documents at the attorney’s office, the home will be all yours…but not quite. In North Carolina, the term of Closing or Settlement doesn’t refer to the act that occurs at the closing attorney’s [...]

Putting a Home Under Contract By June 3 Will Save You Thousands

Home Mortgage

If your plans included purchasing a home this spring or summer, placing that home under contract before June 3 will save you thousands if you plan on using a FHA loan.  On June 3, the FHA guidelines are being revised once again and like every revision in the last few years, it’s costly. Historically, when [...]

Our Team No Longer Handles Short Sale Listings

short sale

A short sale occurs when a homeowner has a hardship that makes it difficult to continue paying their mortgage, needs to sell, but owes on the mortgage than the house is worth.  Short sales were our team’s business and we did it very well.  Prior to 2007 I had no clue what a short sale [...]

Low Housing Supply Continues to Drive Prices Up in Charlotte

Charlotte NC Real Estate, Charlotte Homes For Sale

Last fall, some analysts predicted that by spring, some housing markets across the country could experience a housing shortage which would drive prices.  I’m not sure how many believed those reports however so far, they are proving to be true. In the month of April, the months supply of housing in the city of Charlotte [...]

Mad About Modern Mid-Century Home Tour Hits Charlotte May 11

Modern Home Tour Charlotte

I’m a huge fan of modern architecture.  The homes that we refer to today as “mid-century modern” were designed to be a balance between function and nature.  They blended into their landscape so that the landscape could become apart of the architecture.  Each house has a character all its own from the outside  - a [...]

Backup Offers: a Buyer and Seller’s Best Friend

Charlotte Homes for Sale, Charlotte Real Estate

In today’s housing housing market, it’s not uncommon that a home in a popular in-town neighborhood would receive multiple offers.  While the seller wishes they could sell the home multiple times, alas only one Buyer may be awarded the contract (unless the Seller and their agent want a taste of prison life that is).  Most [...]

Take Your Outside Photos Now if You Plan to Sell Your Home in the Winter

9525 Saddle Run Trl in Davis Lake - taken in April. What a difference foliage makes!

It’s April and the likelihood that you’re thinking of selling your house in the winter may be slim to none however it is something you should think about. Along with correct pricing and staging, properly photographing your home is essential to getting buyers through the door and writing offers.  According to the 2011 NAR Survey [...]

The Home I’m Buying Didn’t Appraise! Now What?

Home Didn't Appraise

As the real estate market in the Charlotte area continues to recover and prices increase, a growing trend in real estate transactions are homes that are not appraising for the contract price.  The appraisal is a valuation ordered by the Buyer’s lender to ensure that the property is worth equal to or greater than the [...]

The Rebirth of the Bidding War. How to Win in Multiple Offer Situations.

multiple offer fight

What a difference three years makes.  In July 2009, the Charlotte area (defined as Mecklenburg counties and the surrounding counties) had a 14.7 month supply of homes.  That means that there was so much inventory and sales were so lethargic, that it took over a year to sell a home.  For homes priced $299,000 and [...]

Lack of Inventory Leading to Increase in Prices in Charlotte Mecklenburg

Charlotte North Carolina Housing Stats

Once again, Charlotte and Mecklenburg county had relatively the same number of sales in the month of April 2012 as in April 2011.  However, this time, the average and median prices increased and days on market decreased as buyers discover a lack of overall inventory that has tightened the market.  Learn more about the shift [...]

Sales Flat in March, Available Inventory Falls 30% in Mecklenburg County

Charlotte - Mecklenburg Real Estate Update: March 2012

Five Tips for Making an Offer on a Bank Owned Home

iStock_000005685528XSmall

If you have ever considered making an offer on a bank owned home, here are five tips that we see buyers ignore quite often.

Charlotte – Mecklenburg County Home Sales Increase 20% in February 2012

MREext

No, that’s not a typo, February 2012 home sales increased a dramatic 20% in February to a total of 724 single family and condo sales.  Even during the First Time Home Buyer Tax Credit of 2010, only 643 homes closed during the same period.  Real Estate has definitely started to move in the right direction [...]

I Have Bad Credit? What Are My Options For Buying a House?

FHA Mortgage

Atleast once a week, I get an email that sounds something like “I have bad credit and I want to buy a house” or “…I want to lease-to-own” or my favorite “I have bad credit and I want to buy a bank owned property.” It wasn’t that long ago that you could purchase a house [...]

2011 Charlotte Area Residential Real Estate Recap

meck supply copy

2011 was a mixed bag for the Charlotte real estate market.  The first six months of the year were dominated by headlines showcasing HUGE home price and sale declines year-over-year (the same period in 2010 had a government tax incentive which propelled than cratered sales) but then sales flattened.  What’s taken over is this “new [...]

How Accurate is Zillow’s Zestimate for Homes in the Charlotte Area?

a-homevalues

The Zillow Zestimate has been a tool for homebuyers and sellers for years now to get an idea of what their home might be worth.  For real estate professionals, nothing has caused more heartache and distress than the Zillow Zestimate as it can sometimes lead to unreasonably high or low values which some buyers and [...]

North Carolina in Top 5 For States People Are Relocating To

moving to Charlotte

As I move about town, I always notice out of state tags license plates.  Some could be rental cars but others are folks that are considering or have recently called the Carolinas home.  The most predominant place I’ve noticed in the last year are from Maryland (former home of Jonathan Osman and Amanda Cox) followed [...]

Sellers: How Downsizing In This Market Is An Opportunity to Build Wealth

bmg-video

Our friend, Scott Lewis, of the Bald Man Group – Keller Williams Realty in Coue d’Alene Idaho shared this amazing video he produced regarding downsizing this current housing market.  Most people believe that in a down market, you should buy a larger house to maximize the savings.  Scott’s perspective: downsize into a smaller home, pay [...]

Preview the New Squirrel Lake Park in Matthews

Squirrel Lake Park

Last February, Squirrel Lake Park was closed for renovations which lasted throughout the entire summer and are nearly complete.  Squirrel Lake Park, located on Pleasant Plains Road in Matthews, featured an aged playground, fishing pond, a disc golf course, and a few shelters.  The bathrooms consisted of a single porta-john which was fairly nasty.  That [...]

FHA Mortgage Limits Restored for the Charlotte Area

FHA Mortgage

On December 2, HUD announced that FHA mortgage limits nationally have been restored to the pre-October 1, 2011 limits.  For the Charlotte-Gastonia-Concord, NC-SC MSA (which includes the counties of Anson, Cabarrus, Gaston, Mecklenburg, Union, York (SC), this means that borrowers can once again obtain a FHA mortgage up $303,750 for a 1-unit, $388,850 for a [...]

Sales in Union County Soar – 19.7% Through October 2011

Real Estate Sales - Union County North Carolina Through October 2011

Sales of homes in Union county rose 19.7% during October to 182 homes sold.  That’s 2,189 homes closed over the last 12 months in Union County.  Pending sales (homes receiving a contract) were also up 37.6% year-over-year in October with 172 homes receiving a contract. Of the 182 homes that closed in October, only 28 [...]

Are We Entering Charlotte’s Next Building Boom?

construction

In the early to mid 2000′s, many remarked that Charlotte’s official symbol was the construction crane.  For the better part of the decade, so many flocked to the Charlotte area that you could fill Bank of America stadium seven times over.  With so many demanding housing, the building industry employed thousands with well-paying jobs.  Those [...]

Selling a Home This Winter? Why You Need to Take Photos Now!

Choosing to sell a home in winter or early spring will requires a little planning ahead when it comes to items like the marketing pictures. Think Outside the Home Many homes in Charlotte in winter often look cold and uninviting as a result of a lack of foliage on trees and a lack of flowers.  [...]

Charlotte Area Home Prices and Sales Rebound in July

There has been very little to be positive about concerning real estate.  Well, that’s not entirely true.  There has been a lot to be positive about BUT that’s not what makes the headlines.  Hopefully, some good news on the Charlotte housing front will grace the headlines. Charlotte – Mecklenburg Sales of new and existing homes [...]

FHA Mortgage Limits Decrease Oct 1, 2011

The FHA along with the GSE’s (Freddie Mac and Fannie Mae) are decreasing their maximum loan limits for just about every MSA in North and South Carolina.  As of today, you can obtain an FHA mortgage up to $303,750 in Mecklenburg, Union, Gaston, Iredell, and Cabarrus Counties in North Carolina and York and Lancaster in [...]

Mortgage Interest Deduction Sacrificed in Debt Ceiling Talks

Freddie and Fannie Offer Incentives to Sell Foreclosed Properties

Great News for bargain hunting home buyers looking for a home as both Freddie Mac and Fannie Mae have reinstated incentives to help sell some of their 220,000 homes (nationally) in inventory. Here are the incentives: Fannie Mae – HomePath Buyer Incentive: Eligible for owner-occupant primary residences only Offer must be submitted after June 14, [...]

Home Sales in Indian Trail Flat in May 2011

In April sales of homes in Indian Trail fell 17% when compared to sales the year prior and it was expected for sales to have fallen by double digits again in May.  Thankfully, that didn’t happen.  41 homes closed throughout May 2011 in Indian Trail, the same amount the closed the year prior and a [...]

Is it Cheaper to Rent or Buy a Home in Charlotte 28278 and 28273?

Berewick

A few months back, I researched whether or not it was cheaper to rent or to purchase a home in North Charlotte’s University Area (28269) and the results surprised me.  While not giving preference to short sale / pre-foreclosures or bank owned sales, it was significantly cheaper to purchase than to rent a home in [...]

Should We Really Get Rid of Freddie Mac and Fannie Mae?

J.D. Power Award“Highest Overall Satisfaction For Home Buyers and Home Sellers Among National Full Service Real Estate Firms”

Keller Williams received the highest numerical score among full service real estate firms for home buyers and home sellers in the proprietary J.D. Power and Associates 2012 Home Buyer/Seller StudySM. Study based on 2,994 total evaluations measuring five firms and measures opinions of individuals who bought or sold a home between March 2011 and April 2012. Proprietary study results are based on experiences and perceptions of consumers surveyed March-May 2012. Your experiences may vary. Visit jdpower.com

Licensed in North Carolina, South Carolina. Members National Association of REALTORS®. Equal Housing Opportunity. Copyright © 2000-2011 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.