About Nash County, NC

The Congressional Budget Office has prepared a report that suggests ways for Congress to raise revenues. One key suggestion is that Congress cut deductions for home owner mortgage interest from the present $1.1 million cap to $500,000, phasing in the reduction by $100,000 annually starting in 2013.

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Remember that song you loved, you sang along, you tapped the steering wheel, and you heard it everyday... Then one day it was gone and you never heard the song again or heard from the singer! We have real estate one hit wonders too. They look at the home, maybe two or three times. They call to ask questions, they ask for property disclosures (by law in NC), and they want to bring grandma!!! The other agent tells you "I am bringing you an offer" and you tell your seller, "we are getting an offer"!!! They actually write up the offer, write a check, and have the agent drive it to you... The home is listed for $250,000 and they offer $150,000! Your seller says "lets try $246,000... What does the buyer (loose term) do? NOTHING! We have been listening to them for a week, we have heard from them everyday (remember the song), we have tapped our feet waiting (remember the steering wheel), and they are gone! We would have let them buy the home for $225,000 but they are gone! Are they writing a new offer (new song) I do not think so...they go home! WHY? Why do we let this happen? Because we have to present all offers and they know this!

I always tell my buyers "do not be a one hit wonder" always come back twice (or more) but sometimes it can't be helped. Please encourage your buyers to write a "good song the first time" but more importantly "record the second song"

Recently I listed a real log home on 40 acres in a rural part of our county. Last year I listed and sold a Williamsburg Village (three homes moved to a river location all built about 1800). Two years ago I listed and sold a one hundred year home with acreage and an old country store. I have other stories but I am not writing this to brag!!! In each case listed above and others not listed, agents had been called in before me to list the property but either refused, did not follow up, or in one case told the client to call me!

Unique property is not easy to sell I admit, but listing and selling cookie cutter homes would be a long boring day. Cookie cutter properties are easy to price and take no imagination to advertise. How do you comp out a 100 year old REAL log home? How do you comp out a village? I am listing a new home next week with a work shop and paint booth...and a pool? There is no comps for those properties. Because of unique properties Real Estate is exciting, challenging, and rewarding.

Unique properties give an agent the chance to obtain leads, adapt properties to the buyers needs, and meet people from different walks of life. You can list them for about 10-15 percent higher than your gut tells you because...well it is unique and will take a unique person to buy! This person may pay more for a property that "just calls their name"!

So I bring up the question, "why do agents not want to list unique properties"? If you are one of those agents just call me and I will be happy to list whatever comes my way! If you have a unique property to sell in Nash or Edgecombe County of NC, please call me!

Looking for a home in Red Oak NC? I live in Red Oak and LOVE Red Oak!!!

Realtor.com does not show Red Oak as a search choice, so you need a good Red Oak Realtor to find your special home! A local agent like me knows and understands the area and the history.

In Red Oak, we can drive a short distance to Nashville to shop! Rocky Mount is only 5-10 minutes away and Raleigh is only 45-55 minutes away. Interstate 95 is less than two miles away!

For more information on this growing area please give me a call!

Bill Lumpp

252-908-5300

Urgent Message from Dave Liniger

If you have been watching the news this week, you may have noticed that the debate in Washington has finally turned toward real stimulus for the housing industry. As a result, I believe that we could be on the brink of a substantial turn around in the real estate market. Now, it's critical that we all join together and deliver a powerful message to our legislators that we support this stimulus.

Last night, the Lieberman/Isakson Amendment was included in the senate version of the Economic Stimulus Bill by a unanimous voice vote. This amendment would provide a Tax Credit to all home buyers at the rate of 10% of the sales price up to a limit of $15,000. The credit would be available for a one year period to all purchasers of primary residences.

Today, the senate expects to debate Amendment 353, a proposal by Senator John Ensign (R-NV) that would provide 30 year fixed financing at a rate of about 4%, for anyone purchasing a primary residence.

If these two provisions survive in the final passage of a stimulus bill they could have a tremendous impact on our industry. If they are coupled together with provisions to ease the flow of credit and reduce foreclosures, we could see an immediate and dramatic turn-around in real estate.

I feel that these provisions represent real economic stimulus. They will put money in the hands of millions of homeowners, increase sales, stabilize home values and add more revenues to local communities in the form of property taxes.

I urge each of you to contact your senators and representatives to let them know that you believe these provisions are essential components of any stimulus bill. You can go to the official Senate and House web sites to locate the email and phone number of your legislators.

This may be one of the most critical moments for the real estate industry in our time. Please pass this information on to anyone you might do business with. The outcome of this legislation will have a lasting impact on us all. I appreciate your assistance on this urgent matter.

Thank you.