Admin

Charlotte, NC Real Estate News

By Terry McDonald The McDonald Group, Brokers NC/ SC
(TerryMcDonaldRealEstate.com, LLC)
How does your MLS compute Days on Market?  This is first in a series on our local MLS- Carolina MLS and how DOM numbers they report work against buyers and their agents.Good agents and brokers use the MLS daily and it is generally a very reliable source of data- a truth teller for the property, and a truth teller for the market. It needs to be because customers depend on it... we send them "Customer Full Reports"  in their email every day. They can and frequently do  compare properties side by side for features and square foot, a stat so litigious that Listing Agents must state where those numbers came from, and the smart ones always measure.  In fact an Agent or Broker can be sued for knowingly putting in false information, and censured by the real estate commission for accidentally pu...
Comments 3
Photo Tour of Uptown / Downtown Charlotte, North Carolina (NC) If you are considering a move to the Charlotte area or if you have clients that are considering a move to the Charlotte area you may enjoy these photos of some of the sites in Uptown Charlotte. The following link will take you on a brief photo tour of beautiful Uptown / Downtown Charlotte, North Carolina (NC). Take a moment and click the link and ENJOY the view! Photo Tour, Click Here!
Comments 0
By Jim McGuire
(Home In The Carolinas Realty)
If you are considering a move to the Charlotte area you may enjoy these photos of some of the sites in Uptown Charlotte.The following link will take you on a brief photo tour of beautiful Uptown / Downtown Charlotte, North Carolina (NC). Take a moment and click the link and ENJOY the view! http://client.imprev.net/11956/107484/
Comments 0
By Larry Hubatka
(The Charlotte Group)
I just read a great article on luxury real estate agents and the fact that they operate in a different world. "Luxury" means different things in different markets, and in Charlotte, NC I would put anything in the 600-700k range and above in the high-end category, but not necessarily "luxury." Now there is a clear distinction even between luxury and high-end and I like to think of luxury as well into the millions. As I focus on the Ballantyne market in Charlotte, almost every neighborhood qualifies as high-end: Ballantyne Country Club, Kenilworth, Firethorne, Bridgehampton, Providence Downs, Kingsmead, for example. But there are far fewer luxury homes. Even the neighborhoods above may have exclusive luxury sections. Longview in South Charlotte has homes available for 800k and up...and up...
Comments 3
By Larry Hubatka
(The Charlotte Group)
If you're interested in the Ballantyne area, here's one more reason to get excited. At the intersection of 521/Ardrey Kell, the plans now include a variety of new restaurants for the next commercial development being built there. Always great news if you're considering any of the surrounding neighborhoods: Bridgehampton, Southampton, Highgrove, Cobblestone, Kenilworth. Of course, like every other development in the area, it'll be anchored by a Harris Teeter, which isn't bad, after all, it is the best grocery store in Charlotte. For more questions or additional info regarding the development in the area or any of the surrounding neighborhoods, click here for more information.
Comments 0
If you currently have an FHA Mortgage, you can "Streamline Refinance" your current mortgage. What exactly does "Streamline Refinance" mean? There is no appraisal required, no income or asset information listed on your application. Most lenders will run at least 1 of the 3 credit agency reports to get your current payment history on your mortgage. While your current credit situation does not matter in doing a "Streamline Refinance" you should not have more than 2 30 day late payment on your current mortgage in the last 12 months. You must be able to supply the lender with a copy of your current "NOTE" from your last mortgage settlement. It should only take 2 weeks from the time of application to the actual closing date. To view my official Website Please Click HERE If you are interested ...
Comments 0
Rates have been lowered on FHA Mortgage Loans. If you just want to refinance your current mortgage we can do so without asking for income or assets. As long as you have had only 1 30 day late payment on your mortgage and will save at least $50.00 a month you will qualify for an FHA Streamline Refinance Mortgage Loan. If you are interested in an FHA Refinance and live in NC please give me a call. 704-490-4733 Please feel free to call me to discuss your mortgage options. I would be happy to answer your questions.John D. Popp, Branch Manager1st Metropolitan Mortgage4608 Highway 49 SHarrisburg, NC 28075Phone: 704-490-4733 Fax: 704-225-9950Toll Free: 1-888-327-8657(1-888-FAST OKS)email: john.popp@yahoo.comwww.firstmetromortgagejp.com
Comments 0
By Leigh Brown, CEO, Dream Maker - Charlotte, NC
(Leigh Brown & Associates, RE/MAX Executive)
(I have to thank Jeff Turner for his very timely post about the new Google presentations!)I get a lot of calls and emails from folks wanting to invest in real estate in Charlotte NC and our metro market.  For despite the gloom and doom that the national news media insists on espousing, our market is strong-prices are increasing and inventory is stable at around 80 days on the market.In addition to the general real estate fundamentals, our local economy is well-diversified and strong.  We are home to 8 Fortune 500 headquarters (making Charlotte the #6 city for total number of headquarters), the number two financial market, etc.So, you say, why invest in Charlotte now? Well, with a net population increase of 80,000 folks per year (yes, that's NET), and with the mortgage industry shakeout....
Comments 0
So many times as I meet prospective clients who are investors from out of state. There aren't many Realtors, I don't think, that deal effectively with out of state investors in our area. There are some specific areas in town that are great for the rental property investor. So many realtors, when contacted by these folks, just put them anywhere where the initial proforma calculations work. Then the investor is stuck with properties that don't give them the appriciation that completes the puzzle of investing. Their return is only equal to what they could have gotten in the stock market, with a lot less trouble. We can pretty certainly predict areas which will appriciate 8 to 10% per year and while the initial return is flat, the five year to eight year return makes it well worth while to ...
Comments 1
By Keith Lutz
(Keller Williams Metropolitan)
Charlotte Home Luxury Market Toll Brothers, CEO says that the Home Luxury market is better than it was since 2005. The CEO touches on the market on general. Also speaks of the fallout of the Mortgage market. The shares for Toll Brothers have jumped 6%! Says buyers are not buying because they probably feel they are not buying at the bottom. Keith Lutz is an experienced REALTOR® based in Union County, North Carolina. Thinking of purchasing a home in the HOT market of Ballantyne, NC Real Estate market? Keith Lutz is a professional with all the answers you need!
Comments 2
By Scott Hartis
(HM Properties)
As a regular reader of our local paper, The Charlotte Observer, I have been more and more annoyed by articles that the journalists have been writing about the slump in real estate. It seems like every two days there is a new article about how there is a huge downturn in real estate sales, while the experts (local Realtors) continue to see strong growth. I think what is most disturbing about it is that consumers actual believe what these journalists are writing. Many of the people that I encounter through networking want to ask me about the market as soon as I tell them I am a Realtor. I thought it might be helpful to actually pass along some information from a valid source (Forbes) about the Charlotte real estate market. Take a look at this article that shows Charlotte & Raleigh only be...
Comments 1
By Larry Hubatka
(The Charlotte Group)
The housing market in Charlotte is nearing all-time highs for the number of homes currently listed. As of July 07 there were approximately 27,400 homes listed through the MLS system. The number has climbed almost every month since January, where it started at approximately 22,500 listings. Based on the closing numbers each month, it appears Charlotte has an inventory of about 7 months. Translation... Selling a home right now is more challenging, because the supply is up (basic supply and demand, when the supply is high the demand is low). It means you've got to be more critical in who you choose to stick the sign in your front yard, because they're going to need to do a lot more than that to get your home sold. Let me suggest that it would be a great move to ask you prospective real est...
Comments 0
By Larry Hubatka
(The Charlotte Group)
In the Charlotte, NC housing market the BBB has identified 9 agencies that promise to help get consumers out of foreclosure, and have been collecting fees on the front end to do so. Unfortunately, most of these agencies are collecting upwards of $1,500 up front, only to fall short of actually helping out their clients.NC now has a law in place that prohibits these firms from collecting those fees up front.I'm not exactly sure what the criteria is for collecting those fees, but it sure seems to me that these agencies may be legitimate in trying to help, but they sure seem like they're cashing in on the foreclosure hype with these "services."
Comments 1
By Larry Hubatka
(The Charlotte Group)
My business partner and I came up with this idea to leverage technology better. We figured we’ve got to come up with a way to be as personal as possible in an impersonal Internet world, and this was our answer. If we can’t sit down and meet with someone in person, maybe this is the next best thing. With the Internet gaining so much popularity in how new business is generated, we have to find a way to keep it personal. This is how we do it. And, on top of that, we thought it was an easy way to be introduced to friends-someone could see personality in their real estate agent and not have to worry about how well they’re going to get along with Grandma’s bingo buddy’s nephew who sells houses. I’d love your thoughts. Click here to see how video is changing the way we do real estate if the vi...
Comments 2
By Larry Hubatka
(The Charlotte Group)
The Bissell Cos. will expand Ballantyne Corporate Park to 3 million square feet with the construction of four Class A office buildings. That was the headline on a recent article I read. The business park in Ballantyne is currently 535 acres with 2.4 million sq ft of space. The expansion will not only push that number up to 3.0 million, but will continue to anchor the business hub of South Charlotte that is Ballantyne. The location is prime for commuters next to 485, 521 and Ballantyne Parkway. It's near a strong residential community. And for those that commute by helicopter, they plan to include a helipad in the expansion. If you're thinking about Ballantyne. Now is probably a good time. It's only getting better from here.
Comments 0
By Larry Hubatka
(The Charlotte Group)
The Feds are expected to report on Thurs that the US median home price fell for the first time since it began keeping stats since the 50s. What's up?! Nationally, prices are falling...for now. With the exception of a handful of markets (Seattle, Portland, Charlotte, Dallas, Atlanta), it seems that prices are falling. Here's why...thanks to this Realtytimes article for explaining that there are different types of markets, but I'm going to lump everything into 2 categories for the sake of explanation. It's not entirely accurate, but it's a much easier way to label them: Linear markets and Cyclic markets. In Linear markets, prices gradually increase a few points every year. There is no major influx in home prices, and the need to correct is low. Consistent economic growth is one of the big...
Comments 0
By Larry Hubatka
(The Charlotte Group)
My background is the corporate sales world (suit and tie, the whole deal). So you can imagine my surprise when I made the transition into the real estate industry only to find that the technology being leveraged seemed about 10 years behind. I'm not a tech guru by any means, but I do know that my older kids (ages 4 and 6) use technology better than much of our industry. (I know, I'm not making friends, but hang in there with me) With that said, in the past 12 months I've seen more technological advancements to bring the real estate industry up to speed with a world that demands it. If I'm a client looking for an agent, resources, a new home or anything related to my life, I'm going to start online. And if I can't get what I want online from you, I can get it from someone else. It's out ...
Comments 1
By Keith Lutz
(Keller Williams Metropolitan)
Ballantyne's Hot Neighborhoods 2007 - Midpoint :: Neighborhood...........................................Sold Homes(Avg. $) Stone Creek Ranch...................................55($369,294) Ballantyne Country Club............................35($889,251) Reavencrest.............................................27($268,870) Providence Country Club...........................23($645,984) Southhampton..........................................21($236,391) Piper Glen................................................21($764,994) Raintree...................................................19($223,157) Southhampton Commons..........................18($298,300) Bridgehampton.........................................17($684,958) Ask me, your local Ballantyne NC real estate agent or better yet, ask any re...
Comments 0
By Terry McDonald The McDonald Group, Brokers NC/ SC
(TerryMcDonaldRealEstate.com, LLC)
  Condos, In-Town Single Family Tonight I'm looking at Uptown condos and intown living in Dilworth. First the condo's. There is a solid selection, so this week I'm looking at the under 230K, 2 bedroom market. The ideal first home for a young professional, perhaps taking a roomate to offset some of the mortgage. With its convenient in-town location, you won't be paying for parking.Tonight's winner: this condo is located in the First Ward and has 2 bedrooms and 2 baths, at just over 960 sf. This is a penthouse with spectacular city views, 10' ceilings, granite, hardwood floors and more. All appliances are included and the list price is 227,000...we'd try around 214,000 and see what we get back. You'll have to go considerably out South Blvd for a better value. Continued here  Terry McDonal...
Comments 0
By Terry McDonald The McDonald Group, Brokers NC/ SC
(TerryMcDonaldRealEstate.com, LLC)
Charlotte Real Estate Market Report: August 2007 Good news on Charlotte real estate prices! For the month ending August 31, area wide prices are UP 5.1% compared with August 2006, comparing average cost per square foot prices of Charlotte single family homes from the MLS. Some news at first glance was alarming, the number of units sold are way down -20% from August 2006- but I believe I can show that this isn't the bad news it might appear to be to the casual observer. (No I didn't say Charlotte Observer) The photo is a Dilworth beauty built in 1903.What does it mean? I've three broad conclusions, you may have more, tell me what you think:First, in the face of a nationwide housing recession/depression, and with20% fewer buyers in our marketplace, our prices are up 5.1%. Our economic fu...
Comments 0
Explore Charlotte, NC
Charlotte, NC Real Estate Professionals