Archive for the 'Fort Mill South Carolina Real Estate' Category

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 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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Mar 25 2011

Benefits of a Home Inspection

Although new tax breaks and great housing prices in Charlotte, Waxhaw and Fort Mill make buying a home easier and more cost-effective than ever before, it can still be a daunting task to undertake the path to home ownership. In addition to the stress of moving, you’re probably worrying about things like loan processing fees, down payments, mortgage options, and closing costs. Even with a financial advisor and a realtor at your side, these can add up to quite a bit of hard work!

However, almost every homeowner will tell you that these costs are definitely worth buying a NC house. Not only are you purchasing a place to call home, but you’re making a financial investment with potentially huge returns. That’s why you should always consider a home inspection before signing on that dotted line, even if the added expense isn’t one you’re looking forward to.

What is a Home Inspection?

Many people equate a home inspection with a home appraisal, and with good reason. At their core, the two processes are very similar: in both, a trained professional goes through the home and inspects it with the intent of informing all parties involved on making the smartest buying and selling decisions.

However, the similarities stop there. Home appraisals are done to give buyers, sellers, real estate agents, and financers a better idea of what the home is worth (based on “surface” things like square footage, number of rooms, and amenities like a fireplace or granite countertops). A home inspection, on the other hand, is all about informing buyers about the potential problems that lie underneath the surface.

For example, a home inspector will be able to answer the following questions:

  • What is the condition of the plumbing and/or electrical system, and how easy is it to access in the event of a problem?

 

  • What will be the realistic costs and challenges of heating or cooling the house?

 

  • What is the state of the foundation, the roof, and other structural components?

 

  • How many years of use will you be able to get out of the electrical/plumbing/heating systems?

 

  • What are the potential safety hazards of the house (lead paint, radon, termites, asbestos, mold, etc.)?

 

What a Home Inspection Does for You

Although most home inspections cost the potential homebuyer hundreds of dollars up front, they typically end up saving homebuyers thousands of dollars in the end. When you get a home inspection, you can not only step away from a purchase that might not be right for you, but you can also require sellers to either “fix” the problems before you buy the home, or adjust the price in order to allow you to make the repairs.

Of course, there’s also the benefit of knowing that the home for sale in Charlotte that you purchased is safe and comfortable. It can be difficult to know just what a house has in store for you until you’ve lived in it for a few months. A home inspection is the best way to take the house for a “test drive” before you make the investment. And with so many choices currently on the North Carolina real estate market, you’re in a perfect position to make a smart, financially-sound choice for your entire family.

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Mar 12 2011

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

 

March 2011  Market Update

Gradual progress in the housing market continues at a steady pace 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 continues to shrink and sales continue to rise. 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. 

A good sign for long-term market stability is that the median down payment on conventional mortgages has risen to 22%, up from 4% in 2006 and slightly above the 20% standard in the 1990s.  This may keep buyers looking in slightly lower price ranges, but it is a good sign of future sustainability for homeowners and banks alike.  There are still ample opportunities for those who would like down payments below 20%, including some conventional mortgages and those backed by the Federal Housing Administration, Veterans Affairs, and  the Department of Agriculture’s Rural Development loans.
As the economy improves, stimulus efforts by the government and the Federal Reserve Board will gradually wind down, which typically means 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

 

The increasing trend in existing home sales activity continued through January, and for the first time rose above year-ago levels when the home buyer tax credit was in effect. This marks the sixth monthly increase since July when the tax credit expired, and indicates a recovery that’s gaining a firmer footing without government support.   

Home Price

in thousands

Home prices softened in January with median home prices decreasing slightly to $158,800 – 3.7% below the year-ago level. Contributing to this is a larger share of distressed homes sales, which accounted for 37% of sales in January compared to 30%-35% throughout much of 2010. Prices and mortgage rates remain favorable for buyers.  

Inventory- Month’s Supply

in months

 

The uptick in home sales and a shrinking inventory pared down the month’s supply to 7.6 months, a decrease of 7.3% from December and 1% from year-ago levels. This is the lowest level in more than a year and marks the first time since July that the month’s supply is below where it was the previous year. Months of inventory has declined steadily (64%) from its peak of 12.5 months in July and is now back to pre-tax credit expiration levels. The supply of inventory is not far from a seller’s market, which is less than 6 month’s supply.

Source: National Association of Realtors – housing data released Feb 23.

Interest Rates

Mortgage rates jumped above 5% for the first time since April 2009 in January. While rates dipped back to just below 5%, they are expected to continue 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.

Source: Freddie Mac, Rates as of Mar 3.

This Month’s Video

Topics For Home Owners, Buyers & Sellers

Preparing your home for sale in a buyer’s market can seem daunting, but these five tips will help you get the best price in the least amount of time.

  • Organizing and cleaning is crucial when prepping a home for sale. Potential home buyers have a more positive reaction to homes that are clutter-free and give them the feeling that the home is “move-in ready.”
  • Presale home inspection can inform you of any trouble areas within your home that can stand out to potential buyers. An inspection can also help you make any repairs necessary before future open houses.
  • Determine replacement estimates before listing your home, even if you are not planning on making the replacements yourself. This information can help buyers to make informed decisions.
  • Have your warranties ready – especially for all those home appliances that will stay within the home after the sale.
  • Curb appeal is a crucial factor because it determines first impressions. A negative first impression can cloud their entire opinion about the home.

 

Contact me,

your local real estate expert,

for information about what’s going on in our area. 

Brought to you by KW Research. For additional graphs and details, please see the This Month in Real Estate PowerPoint Report. 
The opinions expressed in This Month in Real Estate are intended to supplement opinions on real estate expressed by local and national media, local real estate agents and other expert sources.  You should not treat any opinion expressed in This Month in Real Estate as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of opinion.  Keller Williams Realty, Inc., does not guarantee and is not responsible for the accuracy or completeness of information, and provides said information without warranties of any kind.  All information presented herein is intended and should be used for educational purposes only.  Nothing herein should be construed as investment advice.  You should always conduct your own research and due diligence and obtain professional advice before making any investment decision.  All investments involve some degree of risk.  Keller Williams Realty, Inc., will not be liable for any loss or damage caused by your reliance on information contained in This Month in Real Estate.

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Mar 11 2011

7 Reasons Why NOW Is The Time To Buy A Home In Charlotte!

Here are 7 Key Reasons Why NOW is the Prime Time to Buy a Home:
1. Home affordability is at an all-time high.
The median mortgage payment on the median priced home as a percentage of the median household income is lower than it’s been in a generation.
2. Mortgage rates have reached rock bottom.
As interest rates start to inch back upwards, monthly payments and total loan costs will spike upwards.
3. Buy Now; Buy Low!
After declining nearly three years, home prices are stabilizing.
4. Sellers are motivated.
This means that buyers have the upper hand! From banks looking to dispose of foreclosed properties to homeowners who are fiercely competing among an excess of housing inventory, buyers have untold choices and negotiating power.
5. Financing is readily available for qualified buyers!
Banks are getting back in the game and ready to lend to well-qualified buyers.
6. Owning vs. renting is increasingly favorable.
Since 2009, the average principal and interest payment has fallen below the average rental rates, and the gap is now wider than it’s been in the past 22 years.
7. Homeownership is at the core of the American Dream!
Owning a home is critical to financial stability and wealth building. It’s a forced savings account, a place to live and a fabulous tax deduction.
If you’d like to explore some great opportunities to buy a home in the Charlotte/Waxhaw/Matthews/Fort Mill areas, call Carolinas Realty Partners.

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Feb 23 2011

Buying a Historic Home in North Carolina

For many people living in or moving to NC, the best real estate purchase is one that combines the comfort of home with a piece of history. Buying a historic home in Charlotte, Waxhaw or Fort Mill is fairly common in today’s market, thanks to an incredible real estate climate and one of the most dynamic historic districts in the state.

However, if you’re simply looking at the intricate architecture and are thinking how great it would be to own a piece of the city’s history, you might want to take a step back and consider all the work involved in becoming a historic home owner.

Home Quality

The most important consideration for purchasing a historic home in Charlotte is the quality of the house. Whether you’re looking at a bungalow or a mansion, you have to remember that time is rarely kind to real estate.

In addition to outdated materials (like plaster instead of drywall or lead pipes) and difficult-to-work-with architectural styles, you have to consider the costs of restoring the house with authenticity in mind. Many materials are no longer available or can be costly if you want to maintain the historic integrity of your home. The same is true of the availability and cost of craftsman qualified to work with your particular home.

North Carolina Housing Regulations

Many historic homes are overseen by governing bodies that regulate what you can and can’t do to your own home. If you’re in the market to purchase a historic home, make sure you know who you will have to go through to get the right permits for renovation, or if you’ll need to register and pay a fee to get your home listed as an authentic historic site. You might also want to note what kind of tourist interest you will get from having a historically-listed site.

Financial Investments

Fortunately, not everything about owning a Charlotte historic home is hard work! Historic homes, when restored with authenticity, safety, and modern comfort in mind, are an incredible financial investment. Many people are willing to pay top dollar for homes that are in perfect shape or that have a keen attention to detail.

Many local governments also offer tax credits and tax freezes for those who maintain a certain level of quality in their registered historic homes. This means that a historic home can be a great investment, as well as a beautiful piece of architecture.

Finding and Buying Your Historic Home

When refurbished to contain all the modern amenities today’s families need and enjoy, a historic home can become a showpiece – both for your own visitors as well as those interested in the history of Charlotte, Fort Mill and Waxhaw. As with all real estate purchases, however, this one should be made after much consideration and under the guidance of your trusted agent.

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Feb 18 2011

Housing Trends eNewsletter From Carolinas Realty Partners: February 2011 Edition

Welcome to the most current Housing Trends eNewsletter from Carolinas Realty Partners. This eNewsletter is specially designed to provide you with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general.

Please click on this link to view the Housing Trends FEBRUARY-2011 Newsletter, which contains the latest information from the National Association of REALTORS®, the U.S. Census Bureau, Realtor.org reports and other sources.

Housing Trends eNewsletter is also filled with local Charlotte area real estate sales and price activity, as well as  national real estate sales and price activity as provided by Multiple Listing Services and the National Association of Realtors (NAR), U.S. Census Bureau key market indicators, housing market video reports, blogs, real estate glossary, maps, mortgage rates and calculators, consumer articles, community reports that map shopping, schools, recreation and more.

If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report from Carolinas Realty Partners.
Sound decisions can only be made with accurate and reliable information, and Carolinas Realty Partners in the Charlotte/Fort Mill metro areas are happy to be a trusted resource for you. Call on us at any time for help with buying a home, selling a home, relocation to the Charlotte area.

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Jan 26 2011

Marketing Your North Carolina Home: What to Expect during Your Open House

If your NC home is for sale – whether in Charlotte, Waxhaw , Fort Mill or surrounding areas – there’s a good chance your real estate agent will discuss the benefits of an open house with you. Open houses have long been a part of the home sale experience, since it allows prospective buyers to take a “low-key” approach while they browse the merchandise. It also gives your real estate agent the chance to network with a large number of potential buyers all at one time. In some cases, it also means you’ll finally sell that home!

However, an open house can be an unnerving event; after all, you’re opening your home up to complete strangers, and in most cases, you won’t be there to witness the event. By knowing what to expect, you have a better chance of selling your NC home – all while keeping a handle on your peace of mind.

• Remember that an open house is just one part of a larger marketing process. No one wants to sell your home more than your Charlotte real estate agent, and the best approach in any sales climate is to reach as many potential homebuyers as possible. That means diversifying the way you market to include those who prefer the low-key atmosphere of an open house.

• Don’t expect immediate results. Few people enter an open house and make a purchase right then and there. The real outcome is most likely going to be a few appointments for a private viewing or future appointment.

• Remove your valuables, money, keys, pets, medications, and any paperwork that has personal information on it (such as bills). Although a good real estate agent will keep an eye on your property to avoid damages, anything that is of value (for either monetary or personal reasons) should be safely tucked away. This can actually help sell the house in the long run, since personal effects tend to turn buyers off.

• Do a walk-through with your real estate agent immediately before and after the open house. This will allow you both to determine damages or thefts with an objective eye.

• Remember that an open house can tell you a lot about your property. Your real estate agent will be able to draw conclusions based on the turnout and the overheard comments. If few people show up, it could indicate that your asking price is too high, or that your curb appeal simply isn’t up to snuff. A large turnout with few leads could mean that the problem lies with the layout or “dressing” of your home.

Selling a home in NC can be difficult in today’s market – but it isn’t impossible. By approaching your marketing strategies with an open mind – and an open house – you can get your home effectively promoted throughout the Charlotte, Waxhaw and Fort Mill housing market with better results than ever before.

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Dec 20 2010

Buying a Home in NC: What to Look for in Neighborhoods and Communities

Most prospective homebuyers in the Charlotte, Waxhaw, Fort Mill North Carolina areas already know that when it comes to purchasing real estate, location is key. It doesn’t matter whether you’re looking to make a profit on your new home or if you simply want a place that will help you raise your family – the neighborhood you choose to call your own is just as important as those details of square footage, number of bathrooms, and central air.

Choosing a home in NC based on the quality of the neighborhood is especially important. There are so many diverse and incredible places to live here that you can change your lifestyle simply by moving closer to that hip, urban center or further out, where suburban sprawl or a few acres of your own are calling.

Most people already look at neighborhoods and communities in Charlotte when considering a home purchase. In fact, some of the more common considerations include:

• School districts
• Type of neighborhood (gated, urban, suburban, etc.)
• Public transportation options
• Access to commuting routes
• Proximity to shopping
• Proximity to facilities like police, fire, or medical care
• Tax rates
• Crime rates

However, although these are all very important parts of choosing a neighborhood in the Charlotte, Waxhaw, Fort Mill North Carolina areas, finding the facts might not be as easy as you hope. For example, things like tax rates can be researched, but you’ll also need to look at the future of development in the area. If there’s a big plan for condos to go up in your family neighborhood, you might find that the area is gearing for development. This might mean higher tax rates as the community draws in a higher-income crowd. (It might also mean a change in the neighborhood dynamic).

It’s also important to consider the different times of day and the year in which you visit your prospective home.

• How crowded are the streets during rush hour? On the weekends?
• How safe do you feel walking around during the day? What about at night?
• How maintained are the parks and streets in the winter? In the summer?
• How is the noise level at night or in the morning? Does this change on the weekends?

In order to make the most well-informed decision possible on your new home in Charlotte, it’s best to ask a trusted real estate professional like Nina Hollander or to talk with current (and past) residents. Not only will you get an insider’s view on what the NC community looks like after hours and in real life, but you might also learn that the people who will become your new neighbors are an enticing draw all on their own.

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Dec 16 2010

Charlotte, North Carolina “By The Numbers!”

Charlotte Skyline

Charlotte and North Carolina have been making the news alot recently:

  • CNBC news recently ranked North Carolina as most improved among America’s Top States for Business and 4th best in ranking. This is a move up from 9th in rank in 2009. In 2008 and 2007, North Carolina ranked 6th and 5th, respectively. These great ranking is on top of the ranking given it by Site Selection Magazine as the state with the top business climate for the last eight out of nine years. CEO Magazine also ranked North Carolina as the second-best state for business this year.
  • North Carolina ranks #3 for hospitality job growth according to figures from the U.S. Bureau of Labor Statistics, having added some 26,600 jobs in the hospitality industry since 2005.  The leisure and hospitality industries include restaurants, bars, hotels, motels, theatres, museums, and professional sports teams.
  • Business Facilities Magazine recently ranked Charlotte #5 among large metro area for economic growth potential, as well as #5 among the most-wired cities. North Carolina was ranked #4 for economic growth potential, #5 in work-force training, and #6 in business climate.
  • North Carolina ranks #14 among the states in the number of solar jobs with an estimated 1,033 workers employed in the state’s solar industry. Projections are that solar industry jobs in North Carolina will increase some 37% in 2011.
  • Premier, Inc., the Charlotte-based health-care alliance was ranked as the 4th best place to work in health care by Modern Healthcare Magazine–up five rankings since last year. It was also ranked #2 among large companies with 1,000+ employees.
  • Charlotte was just ranked as the 16th-best major U.S. market in which to search for a job in November by the JuJu.com Job Search Difficulty Index. This was a good improvement over Charlotte’s 21st place position in October. Helping Charlotte’s job numbers are recent announcements from Foundation Financial Group that they will add 30 jobs in their University City Mortgage sales center by end of the first quarter 2011; as well as Shaw Power Group’s announcement with Toshiba Corp. that they will add 225 jobs to the 1,100 already in Charlotte.
  • Charlotte ranked #55 in “brainpower” by Portfolio.com in a survey of residents in the 200 largest metropolitan areas in the U.S. North Carolina did well with Durham and Raleigh also ranking high.

This kind of news keeps us bullish on Charlotte and North Carolina… and can’t help but help our housing recovery in the months to come. For more information about Charlotte and Fort Mill real estate values contact Carolinas Realty Partners.

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