6701 Providence RD, Charlotte

 

Built in 1804, this beautiful historic home has been updated with new wiring, plumbing and central air and heat. Situated on almost 1 ½ acres in a prime south Charlotte location. Beautiful historic details accentuate the style and charm of this amazing home! [Read more...]

Sell Your Home In A Buyer’s Market

In most areas right now, real estate is a buyer’s market. Inventory is at an all-time high. There may be 20, 30, or even 40 homes in an area that could be ‘perfect’ for a buyer.

Maybe the buyer has fallen in love with your home . . . except . . . [Read more...]

Real Estate: Buying Up In A Down Market

Irv & I have had many savvy clients (and family members) take advantage of the downturn in Real Estate to lock in a long-term equity gain.

The old adage, “buy low sell high” hasn’t changed, but it now has a new twist. Savvy buyers take advantage of the overall market being down a certain percentage from the high.

For example if the overall market is down 10% then a home that was $500k is now $450k and a home that was $200k is now [Read more...]

Home Prices On The Rise

Has the Residential Real Estate Market hit the bottom?  Only time will tell but Irv & I have seen a marked and sustained increase in all types of activity related to our business over the past 3 months.  This article suggests we may have already made the turn:

Home Prices Increasing

What do you think?  Have we reached the bottom or is this a temporary blip?

$8,000 First Time Homebuyer Tax Credit

Time is starting to run out for the $8,000 first time homebuyer tax credit in 2009! Get all of the details here:

First Time Homebuyer Tax Credit Information

Foreclosure or Short Sale?

With more and more Americans facing the prospect of declining home values and unemployment levels not seen in quite some time, many homeowners and their lenders are facing the situation where the home is worth less than owed.  This is no problem if the owner doesn’t have to move and can afford their current payment.  If the owner is forced to sell for whatever reason, then the possibility of a short sale becomes a very real option.

What is a short sale? A short sale is an option you have before you reach the point of [Read more...]

Charlotte, NC Commuter Times

charlotte commutersThe Charlotte Chamber of Commerce has put together a series of maps that show estimated commute times from certain points in the metro area. This is a pretty cool tool for folks thinking of moving to Charlotte and are unfamiliar with commute times in different parts of the city. The times are only estimates, of course. Included in the report are occupations shared by residents in the various areas, thus allowing those who might be currently unemployed to use this information while searching for employment. The study focused on 15-30 minute drive times in 15 different areas of Charlotte.

Check it out at:

Charlotte Commuting Time Estimator

Mortgage DTI Update

Today we have a guest blogger from the mortgage industry. Paul Bender with Countrywide Mortgage has an important update for all homebuyers:

EFFECTIVE TODAY:  Customers that are purchasing homes with less then 20% down, now must have a 700 credit score and have a debt to income less then or equal to 41%.   Government loans (FHA, VA) are not effected.
If the customers are putting 20% or more down then they can have a credit score less then 700, the DTI still needs to be 41%. [Read more...]

Invest in Charlotte Real Estate NOW!

Charlotte Real Estate Investing

“I wish I would have bought when the market was low.”
 
The article below sums up where the real estate market is today and makes the case for buyers to take advantage while the getting is good.

I am constantly asked what I think the Charlotte real estate market is going to do tomorrow [Read more...]

Southeast Charlotte – Providence Country Club Homes

Providence Country ClubLocated in Southeast Charlotte, NC in prestigious Providence Country Club, this home is a great buy at $435,000! Built in 2005, it features 5 bedrooms and 3.5 baths, with a [Read more...]