Brock Zevan Lake Norman Huntersville NC Area Realtor

While you may think it's crazy to tackle the huge task of home buying during the schedule-jammed holiday season; Lake and Town Realty feels the holidays are actually a great time to find real estate deals in today's new economy.

Here are some Top reasons the 2009 holiday season promises to be filled with better-than-usual home bargains:

Economy has boosted many sellers' motivation to sell.
With unemployment rates still high and looming holiday expenses, many home sellers are extremely motivated to sell immediately and are more willing to negotiate a lower home price. Properties that are on the market over the holiday season usually have very serious sellers.

Interest rates are at an all-time low
Interest rates and home prices are at all-time lows. If we look historically at interest rates, cyclically we've seen drops every December through January

Housing market appears to have reached a floor through the June to September
fewer transactions mean faster closings. November and December are historically slower months in the mortgage business, so things get done faster!!!

Prices are greatly depressed and inventory is plentiful.
With many people busy gift shopping, traveling and entertaining, November and December are traditionally slow for real estate. On-the-ball buyers can take advantage of that fact and find less competition for the most desirable homes.

The holiday season is a particularly good time for first-time homebuyers to find a home.

First Time Home Buyer Tax credit.

Now Great Tax Benefits For Existing Home Buyers

$6,500 for qualified move-up/repeat home buyers (existing home owners)

Tax Deduction
Most settlement costs paid to the mortgage company, lender or broker are tax-deductible in the year in which you pay them. If you close on or before Dec. 31, you may be able to deduct the interest on your first monthly mortgage payment from your taxable income. You may be able to deduct points paid to reduce your interest rate as well

Share your success story with others during this Holiday Season...so someone else can help their client have a special Holiday Season too!!!

Search Lake Norman NC and Huntersville NC Real Estate in the MLS listings and homes for sale under 200k. Let Lake and Town Realty become your Lake Norman and Charlotte, North Carolina real estate and relocation resource. We can find area specific information for the leading Lake Norman North Carolina area cities and towns of Charlotte NC, Cornelius NC, Davidson NC, Huntersville NC, Mooresville NC and Statesville NC.

Go to our site and you will find information on schools and colleges including Charlotte Mecklenburg Schools, Iredell Statesville Schools and Davidson College, University of NC, Charlotte, NASCAR Training Institute; airports including the Charlotte NC airport; demographics including population, industries, income and ancestries; hospitals including Presbyterian Hospital and Lake Norman and Lake Norman and Charlotte NC area weather and climate; a Lake Norman and North Carolina map and more!

Lake and Town Realty provides you with the highest degree of professional buyer representation the area has to offer!!

Lake and Town Realty presents homes for sale for family lifestyle living in the Carrington Ridge subdivision in Huntersville, NC. This well planned community in western part of the Town of Huntersville featuring 320+ single family homes and 120+ townhomes. It is located in the historic countryside near the Catawba River between Lake Norman and Mountain Island Lake.

Neighborhood Top Features:

Tree-lined streets with sidewalks

Community recreation area

Junior Olympic-size pool

Huge kid's pool play area with slides

Large picnic pavilion with kitchen and restrooms.

Nearly 80 acres of greenways, open space

This Subdivision is also located in great schools. Barnette Elementary is a brand new school which feeds into Bradley Middle school.

The community is planned and developed by Provident Development Group and it features homes from the $180s to the $300s built by M/I Homes and townhomes from the $150s built by Ryan Homes.

Ryan Homes has been an instant success in Carrington Ridge. Having only been in the neighborhood a few months, 8 townhomes have been sold and construction has began. Let us help you find your next dream home in Carrington Ridge.

In the last Couple of weeks The Lake and Town Realty Office has been asked great amount of questions on.....you guessed it.....

Foreclosures – is it a good idea?

To answer this question fully we must educate our customers and clients before we can even answer because as we know, every situation is different!

For the average buyer out there it is difficult to take advantage of this. They only give you 30 days to close. You must be ready to close fast! In most cases, you cannot view the interior. This also leads to a high degree of risk. So, what may be perceived as a “deal”, just
might not be such a “deal” after all. You always hear of the person
who made a bundle of money doing this. We seldom, however, hear of
the losses one might incur with these!
This doesn’t mean you shouldn’t ever venture into the foreclosure
market. You might go partners with someone who has experience with
foreclosures.
You must study end value after renovating or upgrading, or resale
value in the current market. This will help determine the price you
should pay at foreclosure .
Speculation may be an issue. But, speculators often get burned in the process.
Good sound business practices will gain you much more. Although
slower, long term it is more financially rewarding.
Some good businesses practices are: good cash reserves, adequate
income, risk tolerance, good work ethics, and good cash flow analysis.
With all this being analyzed, your goal of buying foreclosures can be a winner.The bottom line is preference and if your willing to take the extra mile!!

If you have any more questions or want a home search click on one of the links below.

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Lake and Town Realty Presents Homes For Sale in Lake Norman and Huntersville, NC Charlotte area.

The number of home closings in the Charlotte market rose 13.6 percent in October from September. However, the average sales price dropped 9.5 percent.