Archive for April, 2011

Apr 26 2011

Do-It-Yourself Real Estate Marketing in Charlotte

Marketing a Charlotte home to make it attractive to buyers isn’t just about staging the house or putting a For Sale sign up in the yard. In today’s real estate market, it’s important to reach out to a larger audience through various types of media. After all, buying and selling a home in the Waxhaw region means tapping into everything that people use on a daily basis: computers, newspapers, magazines, and more traditional real estate routes.

 

A Picture is Worth 1,000 Words

 

The majority of home buyers in the NC region begin their search online. The Internet is becoming an increasingly viable way to present homes from both an interior and an exterior vantage point. Although Nina Hollander will help you to understand the best angles for presenting a photographic display of your house, you can help by pointing out what it is you love best about the home. A great backyard garden, a cozy front porch swing, a spacious kitchen, the tile on your bathroom floor – no matter what it is, use it as a way to entice buyers into contacting your agent for more information.

 

Virtual tours are becoming a very popular way to showcase your home online, as well. Allowing viewers to “walk through” your home gives them a stronger connection to it.

 

Signs and Advertisements

 

The more traditional North Carolina home selling options include putting up a sign or placing an ad in the newspaper, in your local real estate magazine, or even on direct mailing advertisements. These steps have long been a part of the buying and selling market, regardless of where you live.

 

The truth of the matter is, there’s a reason these actions are relied upon so heavily: no one will know you’re selling your Charlotte home unless you post it somewhere! While decisions related to where you place the signs and advertisements will most likely be made with the assistance of Nina Hollander, you can help by finding additional ways to spread the word of your sale. Online home selling postings for Fort Mill or Waxhaw are fairly common, and oftentimes, simply letting your friends and family know that your Charlotte home is on the market can go a long way in spreading the word.

 

Rely on Nina Hollander

 

Of course, the most important home marketing step you can take is trusting Nina Hollander to work hard to sell your home as quickly and efficiently as possible. Like any real business partnership, selling a North Carolina home is all about finding someone you can trust and working together to get the best possible results.

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Apr 16 2011

THIS MONTH IN REAL ESTATE: Report From Carolinas Realty Partners In Charlotte For April 2011

 

April 2011  Market Update

Gradual and uneven progress in the housing market continues without government support. The market has shown remarkable improvement from the initial drop after the expiration of the home buyer tax credit this past July. Although higher-than-normal distressed sales skew the overall picture of home prices downward, inventory remains at pretax credit expiration levels. The rock-bottom interest rates of 2010 are likely to trend upward. As economists anticipate rates at or above 6% by the end of 2012, buyers are moving off the sidelines and into the market. 

Recent reports suggest the economy is picking up steam even though it is not yet fully reflected in the job market. In terms of economic growth, America outpaces all the other G7 nations except Canada.  However, when it comes to adding back jobs, America is the weakest. During the recession, businesses looked for ways to increase efficiency and productivity. U.S. productivity, or output per worker, doubled in both of the past two years. A full housing recovery depends on growing employment.  Without jobs, most Americans cannot buy new homes or afford their current ones. As the economy continues to pick up steam, employment will likely follow suit as there is a limited amount of productivity workers can provide. 

While the economy improves, stimulus efforts by the government and the Federal Reserve Board will gradually wind down, which typically spurs rising interest rates. Meanwhile, buyers continue to benefit from historically favorable buying conditions and sellers are encouraged by increased market stability.

Home Sales

in millions

 

Although home sales have fallen 9.6% compared to the previous month, they remain close to last year’s levels, showing only a 2.8% decline. The unseasonably cold weather across much of the country during late January and February could have kept buyers indoors more so than normal. Gradual improvement with bumps along the way has long been the anticipated road to full recovery. In fact, home sales remain 26.4% above the low last July. As Lawrence Yun, chief economist of the National Association of Realtors, explains “month-to-month movements can be instructive, but in this uneven recovery, it’s important to look at the long-term performance.”

Home Price

in thousands

Home prices continued to soften in January with median home prices decreasing to $156,100.  This is 5.2% below the year-ago level and brings the median price close to February 2002 levels. Two out of every five homes sold during February, or 40% of sales, were distressed properties.  Distressed sales often sell for 10%‒20% less than traditional home sales. The decline in home prices is less reflective of the value of individual homes  and more reflective of the bargains that a record level of all cash buyers and investors are snapping up. Prices and mortgage rates remain favorable for buyers as the spring selling season starts.

Inventory- Month’s Supply

in months

The slowing of home sales and an increase in listings pushed the months’ supply up to 8.6 months, an increase of 15% from the previous month and 2% year over year. This is the third-lowest level since June. Months of inventory remains 31% below its peak of 12.5 months in July and is now back to pretax credit expiration levels. With the summer selling season approaching quickly, experts anticipate more homes to go on the market in the coming months.

Source: National Association of Realtors – housing data released Mar 21.

Interest Rates

Throughout the month, rates hovered in the 4.8%‒4.9% range. After rising above 5% for the first time in about ten months in early February, rates have come back below but are expected to follow an upward trend throughout the year. As overall economic recovery remains on track, rates will likely rise to keep inflation in check. Buyers wanting to capture the savings in monthly payments that a historically low interest rate affords are expected to take advantage of excellent buying conditions.

This Month’s Video

Topics For Home Owners, Buyers & Sellers

When first-time home buyers decide they are ready to buy, it is essential for them to begin the process by carefully assessing their values, wants, and needs—both for the short and for the long term. This is a critical step since consultation sessions normally start with the buyers’ values. Afterward, buyers can explore their wants and needs, and once defined, determine actual criteria.

A recent study shows how important the following home-buying factors were to buyers:

  1. List Price: 72%
  2. Location: 69%
  3. Neighborhood: 55%
  4. Floor Plan: 37%
  5. Square Footage: 28%
  6. Schools: 22%

By having the home-buying criteria in mind before walking into a consultation, buyers are off to a better start when meeting with their real estate agent. The consultation allows buyers to fill in any missing gaps within their values, wants, and needs.

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Apr 05 2011

FEATURED HOME FROM CAROLINAS REALTY PARTNERS: Low-Country-Style Home In Prime South Charlotte Neighborhood + Top Schools

Country Living In The City!
Welcome to 6117 Cherry Tree Lane—a custom-built, Low Country-style brick home with lots of “old Charlotte charm, situated on a 1 acre, fenced, private cul-de-sac in a picturesque and park-like setting with lots of mature landscaping and shade trees.
Type: Single Family Home
Location: Providence Plantation/South Charlotte
Price: $435,000
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Apr 03 2011

APRIL IS ALCOHOL AWARENESS MONTH! A Message From Carolinas Realty Partners On Dealing With Underage Drinking

April is Alcohol Awareness Month!                                

“Alcohol use during adolescence is pervasive, and science makes clear the effects on young people can be profound.”

 -Steven K. Galson, MD, Former U.S. Surgeon General, 2008 

Underage drinking is no big deal, right?

Wrong.  The bodies and brains of youth are still developing until their early- to mid-20s and alcohol can stunt the brain’s development. Scientific evidence finds that excess alcohol, and binge drinking (5 or more alcoholic drinks at one time for males, 4 for females) in particular, damage parts of the brain and are associated with impaired decision making.

More Facts About Underage Drinking

  • What about Our Kids?The 2009 Youth Risk Behavior Survey showed that among High School students in Mecklenburg County:·   33% had at least one drink on one or more days in the past 30 days·   14% had 5 or more drinks of alcohol in a row on one or more days in the past 30 days (binge drinking).

    The 2008 Youth Drug Survey showed that among Mecklenburg County youth who drink:

    ·   the average age of first use of alcohol was 12.7 years.

    ·   the average age of first binge drinking was 14.7 years.

    Youth who start drinking before age 15 are 5 times more likely to develop an alcohol abuse problem than those who wait until 21.   Youth who start drinking before 21 and have a family history of alcohol abuse or alcoholism are at an even greater risk for addiction. 

Can parents and other adults help prevent underage drinking?

Yes!  It’s never too early, or too late, to start talking with your kids about abstaining from alcohol until they’re 21. Studies show that it can take parents up to two years to become aware of the alcohol consumption patterns of their children.  Yet parents are the most influential people in the life of their child, and children want clear instruction from parents about alcohol use. 

  • Be a good example.  Show your kids that everyone can have fun at holidays, parties and other events without always having to have alcohol.
  • Take away temptation.  Lock up your alcohol, take an inventory of how much you have and check to make sure it’s not diluted.   It is a free and easy precaution with huge benefits.
  •  Providing a party with alcohol for youth under 21 and taking the car keys away will not prevent addiction.  Taking away the car keys will not prevent physical and sexual abuse and will not prevent the brain from stunting its growth.
  • Know the consequences.  It’s never a good idea to serve alcohol to youth.  It’s illegal and can result in criminal penalties including fines and the loss of your driver’s license.
Where can I get more information?

There are many local and national resources that are dedicated to preventing underage drinking and substance abuse.

  • Published by the Charlotte Mecklenburg Drug Free Coalition, March 2011

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Apr 01 2011

FEATURED HOME FROM CAROLINAS REALTY PARTNERS: 4 Bedroom/3 Bath Executive Home In Charlotte’s Prestigious Ballantyne Area

Executive Home In Prime Ballantyne Area
Situated in the center of a beautifully landscaped .61 acre cul-de-sac is this stately home with an elegant, columned entry and dramatic architecture inside. The home shows like a model with neutral, tasteful décor and quality finishes throughout.
Type: Single Family Home
Location: Ballantyne
Price: $439,500Get more information >

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