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Chuck Webb

Bradfield Farms, Great Starter Home Community

10-15-09
Chuck Webb

bradfield

The community of Bradfield Farms lies east of uptown Charlotte in an unincorporated part of Mecklenburg County adjoining Cabarrus County. The main entrance to this neighborhood of nearly 1000 single family homes is on Reedy Creek Road where it crosses Harrisburg Road, next to the I-485 interchange there.

Houses were built between 1989 and 1999 - primarily by Centex Homes. Other quality builders, John Crosland, K. Hovnanian Homes, Torrey Homes, and Fortis Homes, built a section in the neighborhood, as well. There are a number of resale houses available in the mid to high $100,000's and range from 1400 to 2500 square feet.

The location of Bradfield Farms makes it convenient to shopping, restaurants, recreation, and the daily commute to work along I-485. The value of home prices offer an attractive alternative to those available in other parts of Charlotte when compared to surrounding amenities.

The community has two pools, four tennis courts, two playgrounds, a mile-long walking trail, and a clubhouse available to residents for meetings and private parties. The Homeowners Association elects a Board of Directors and contracts with a property management company to oversee covenant and financial administration, grounds and facility maintenance, collection of annual fees ($330), and special activities and events.

Elementary School: Clear Creek
Middle School: Northeast
High School: Butler

View available homes for sale in Bradfield Farms

Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

Cureton, Popular Waxhaw Community

10-12-09
Chuck Webb

Cureton

Cureton is a historically revived community offering 495,000 square feet of retail, 60,000 square feet of offices and 381 single-family homes and townhomes. The development was named Cureton, after the Cureton Inn built on a trade route by early area settlers.

Located in Waxhaw and served by the highly desirable Weddington School District, Cureton is the perfect location for your new home. Complete with a club house, swimming pool, pond, walking trails and more, Cureton offers a relaxed lifestyle near the conveniences of Charlotte. With a variety of new floor plans, elevations and countless options, you're sure to find the home of your dreams in this beautiful community.

Quality exterior features include two and three car garages, professionally landscaped and fully sodded lawns, irrigation systems, and heavy gauge steel “Carriage” style garage door with glass panel. Several quality home builders, such as, M/I Homes, Cunnane Group, and Standard Pacific Homes, have created a stylish neighborhood with a variety of elevations and floorplans.

Interior appointments include 10’ smooth ceilings on first floor, 9’ smooth on second floor, direct vent fireplace with cast stone surround and mantle, hardwood flooring in foyer and powder room (plan specific), security system and structured wiring throughout and chair rail and wainscoting in foyer area and dining room.

Elementary School: Kensington
MIddle School: Cuthbertson
High School: Cuthbertson

View available homes for sale in Cureton

Conduct a custom search for homes in Waxhaw.

Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

Withrow Downs, Wonderful N. Mecklenburg Neighborhood

10-10-09
Chuck Webb

Escape to country living without leaving Charlotte! Enjoy the peacefulness of this exclusive community with large, wooded home sites and gentle rolling hills, without having to sacrifice the conveniences of Charlotte living. Just minutes from both I-85 and I-485, Withrow Downs allows perfect access to both shopping and major employment. Concord Mills shopping, restaurants, entertainment and Charlotte Motor Speedway are all less than 10 minutes away.

Take a stroll along the street lit sidewalks and experience a variety of homes are offered in Withrow Downs such as ranch, ranch with bonus room, two story and two story with owner's suite on the first floor. Choose from features like brick & stone exteriors, sunrooms, bonus rooms and gourmet kitchens.

The homes in this great neighborhood range in size from 1500 square feet to 4000 square feet of heated living area and come in wide range of prices - from the $150,000's to the $400,000's.

Withrow Downs amenities include a playground, neighborhood pond and swimming pool.

Elementary School: University Meadows
Middle School: James Martin
High School: Mallard Creek

View available homes for sale in Withrow Downs

Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

Charlotte Market Data, September 2009

10-09-09
Chuck Webb
Here are the market statistics for the Charlotte area for single family residential home sales for the period September 6, 2009 through October 5, 2009:

  • Sold: 1,945; avg. LP $219,925; avg. SP $196,760; %LP/SP 89.47%
  • New Listings: 4,701; avg. price $264,713
  • Under Contract: 2,199; avg. price $207,338
  • Withdrawn: 1,536; avg. price $338,373
  • Expired Listings: 1,629; avg. price $332,057
  • Active Listings: 27,576; avg. price $307,006


  • The number of homes sold during the month of September fell 12.4% compared to August and 13.1% below the level of home sales for September a year ago. Average listing price for sold units were down 6.2% from prior month and the average sold price decreased 6.0% below that of August figures. Home sales typically taper off in September reflecting a seasonal slowdown in buyer activity.

    The average price reduction on contracted homes for the month was 10.5%, compared to 10.8% last month and 7.65% a year ago. This compares to as much as a 13% price reduction on homes for sale in other areas of the country as reported by Bloomberg.com.

    New listing numbers shrank 5.1% while the listing price of new listings increased 2.8%. Pending sales figures fell, as well, by 9.7% from prior month. Withdrawn listings fell 9.7% while expired listings increased by a comparable 9.1%. Homeowners eager to sell before the prime season and tax credit expire are leaving their homes on the market for an extended period of time.

    Realtor Magazine reports that now is an historic time to buy and it is a great opportunity to make some real equity gains on home purchases. There is talk that the first time homebuyer tax credit may be extended beyond the December 1st deadline. A movement is also afoot to make the tax credit available to all home buyers. Let’s hope that our lawmakers take the necessary steps to make that happen.

    Chuck Webb, Wilkinson & Associates, www.ChuckWebb.net

    The Inspection and The Warranty: 2 Lessons Learned

    10-05-09
    Chuck Webb

    hva

    Home warranties have become so commonplace in real estate transactions that we sometimes take them for granted. They are a fact of life in just about every contract that is written these days. For example, I advise all of my buyers to write it into their Offer to Purchase regardless of the age of the home. That is because all homes come with the obvious potential of failures and breakdowns that may come into play in the future. Even new homes are prone to have defects which are sometimes overlooked by the builder, as well as, the building inspector.

    A recent sale brings into focus the great importance of having a home warranty for both the buyers and sellers of any home. This particular transaction involved a beautiful full brick home built in 1990 in a popular neighborhood in South Charlotte. The home also had the original HVAC system. However, the home was covered by an existing home warranty that the sellers have had in place for some time.

    The ensuing inspection of this home revealed, among other things, a faulty HVAC system. To quote the inspection report, “Scorching was noted on both sides of the HVAC unit in the crawl space…The burners on both the unit in the attic and the unit in the crawl space are rusted...Unusual flame pattern noted at the unit located in the attic...There were carbon monoxide leaks detected at 1ppm in the downstairs unit at the time of inspection.”

    Doesn’t sound too good, does it? I didn’t think so, either! I had a sneaking suspicion that we were looking at some serious issues with the heat exchangers of both of those units. So, I urged my clients to request that the home warranty company get involved immediately in order to address this hazardous situation.

    During the course of diagnosing the HVAC repair it was learned that replacement parts are no longer available for that unit, and that 2 new HVAC systems would be required – at a potential cost of over $10,000. This also meant an immediate upgrade in SEER rating, as well as, an enhancement to the value of my clients’ new home! Not to mention the comfort in knowing that a dangerous situation with the carbon monoxide was eliminated.

    The moral of the story is two-fold: Buyers, make sure that you get a home inspection and a home warranty when purchasing your next home. Sellers, if you do not have a home warranty, make your life a little easier by purchasing one when you list your home for sale.

    Chuck Webb, Wilkinson & Associates, www.chuckwebb.net