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7 Benefits of Downsizing Your Charlotte Home

Are you considering downsizing your Charlotte home?

Well, you’re not alone! According to the National Association of Home Builders (NAHB), 60% of homebuyers are considering downsizing to smaller, more efficient homes. The economy is playing a significant role in this decision but, for the most part, our society is full of Baby Boomers who don’t quite need the space that they once did.

Here are 7 benefits of downsizing your Charlotte home:

  1. Downsizing your Charlotte home for saleSave money: When you buy a smaller, more energy-efficient home, you’ll save money on your utility bills. You’ll also reduce your maintenance expenses. You will most likely have a smaller mortgage. With less space to fill, you need less stuff! This allows you to also spend less on furniture and other home décor.
  2. Reduce your impact on the environment: Your home will use less energy when you have less space to heat and cool.
  3. Increase free time: You’ll spend less time cleaning and maintaining a smaller home. Use the extra time to travel, take up a hobby or just relax.
  4. Enhance peace of mind: When you no longer have to worry about how you’re going to pay enormous utility bills and mortgage payments, you can sleep better at night.
  5. Improve your health: Less stress usually equals improved health. Owning a large house full of stuff you have to pay for and take care of can be very stressful. When you downsize and let go of all that stuff, your stress decreases.
  6. Put cash in your pocket: Sell your extra stuff on eBay, Craigslist and at a garage sale.
  7. Simplify your life: Simplifying your life reduces stress, improves creativity and increases joy.

Making the decision to downsize can be difficult to do, but once you’ve taken the leap, you’ll discover many rewards. The more stuff you get rid of, the more you can save for things that truly matter, such as saving for your retirement or college education.

Ready to buy a smaller, more efficient Charlotte home? I can help. Give me a call today at (704)491-3310 or email me at Broker@TheCharlotteScoop.com for more information.

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Charlotte NC Real Estate Market Report | Providence Country Club | JAN 2012

Providence Country Club 300x167 Whats the Charlotte Real Estate Market Doing in Providence Country Club?Providence Country Club is one of the premier Country Clubs in the Charlotte region. Featuring an exquisite Dan Maples designed golf course, PCC offers some of the finest recreational amenities in the area. Established in 1989, Providence Country Club homes were built by some of Charlotte’s premier builders and offer a wide variety of architecture. Large lot sizes, winding wide roads and lush greenery all envelope you as you drive through the stately entrance. As well, Providence Country Club is in a location that is in close proximity to everything Charlotte and boast top-ranked public school assignments.

View current listings in Providence Country Club, Charlotte NC

Providence Country Club Local Attractions:

  • Stonecrest Shopping & Regal Cinemas (4 miles)
  • Providence Prominade (2 miles)
  • Arboretum Shopping, Dining & Cinemas (5 miles)
  • SouthPark Mall (12 miles)
  • Bank of America Stadium (20 miles)
  • Bobcat Arena–Timewarner Arena (20 miles)
  • Blumenthal and other fine theatre and arts facilities (20 miles)
  • Paramount’s Carowinds Amusement Park (17 miles)

Providence Country Club members enjoy:

  • Golfing
  • Pool (with a highly competitive swim team)
  • Tennis Courts (grab a lesson)!
  • Elegant Dining
  • Ballroom for your private parties
  • Fitness Center
  • Professional Shops

…Create a lifetime of memories with family and friends in Charlotte NC’s Providence Country Club!

Providence Country Club Charlotte NC Real Estate Market Report



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What Can You Do to Ensure an Accurate Appraisal of Your Charlotte Real Estate?

compare 240x300 4 Steps to Ensure an Accurate Appraisal of Your Charlotte Real EstateThese days, in our area, the most questioned aspect of the real estate transaction is no longer, “Will the buyer qualify for the loan?” but, rather, “What about the appraisal?” With 3 ‘bad’ appraisals under my belt during the past year, I have grown extremely weary of that phone call from the appraiser to schedule their appraisal!

Let me first clarify that 2 of the 3 ‘bad’ appraisals were reversed after providing the SAME comparables that were presented to the appraiser at the home. The management companies requested that the appraiser review, providing them with the information that I’m assuming they actually LOOKED at this time, and the proper adjustments were made.

Secondly, when an appraiser phones in our area to MEET us at the home, this means that the appraiser does not hold a key to our Supra boxes, meaning, for the most part, that they are from far away. Something has GOT to be done about this. One of the low-ball appraisals included erroneous information as well as use of comparables from outside the standard distance from a subject property. As well, they included properties from subdivisions that had comparably SIZED homes but, in completely different communities (ie vinyl vs. all-brick communities).

Appraisals are final when it comes to securing money from a bank, so don’t let a poor one ruin your Charlotte real estate plans. Be proactive to ensure that your appraiser is competent and has all the information he or she needs. Your purchase, sale or refinancing goals could be wrecked with a low-ball appraisal.

Minimize the risk of receiving an inaccurate appraisal by …

  • Meeting the appraiser at the house. Show them around your Charlotte real estate, just like you’d show a potential buyer. That way you can highlight some of your home’s unique features that they might otherwise overlook. Also, if they have any questions about when things were updated or replaced, you’ll be there to share all relevant information — instead of them just taking a guess.
  • compare houses 300x193 4 Steps to Ensure an Accurate Appraisal of Your Charlotte Real EstateEstablishing that he or she is geographically competent. Appraisers that don’t know the area can misquote, so be sure to ask them questions, such as how far their office is from the property and if they have access to local MLS data. If you feel the appraiser doesn’t meet geographic competency standards, then you can raise the issue with your agent and the lender involved.
  • Providing him or her with comparables. You probably know the neighborhood better than the appraiser, so supply information on recently sold homes that you think are similar to yours. He or she might not use them but, each time that I’ve handed the comparables to the appraiser, the seem very appreciative.
  • Record any mistakes. Always ask for a copy of the appraisal to review, because appraisers make slip-ups all the time. Especially if the value is low, be sure to look over the details of the appraisal and call out any discrepancies. If this is the case, you won’t be able to change the designated value but, you can file a complaint against the appraiser. If the mistakes are big, ensure you get a second appraisal.

Don’t let an inaccurate home appraisal ruin your financial goals. We take Charlotte real estate appraisals seriously. Be proactive, do your homework and definitely review the final version. Your agent should provide you with this information to share with the appraiser.

If you’re getting ready to sell your home or purchase a new one and have questions about appraisals, please call me at (704) 491-3310or email me at Broker@TheCharlotteScoop.com for more information.



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What's the Charlotte Real Estate Market Doing this Week? (1/27/2012)

Charlotte NC Real Estate Update for January 27, 2012

market report 230x300 Savvy eNews for Week Ending JAN 27, 2012It’s been a great week for Charlotte home sellers–homes are moving and buyers are getting a jump on spring home shopping in Charlotte!

The focus this week is Area 4, which covers Southeast Charlotte including the city of Matthews and the neighborhoods of Eastover, Elizabeth, Cotswold, Chantilly, Providence Plantation, Landsdowne, Sherwood Forest and Stonehaven. 17 homes Closed this week in Area 4 with an average list price of $329,245 and sales price of $311,989, a 95% list-to-sales price ratio. The average days on the market are 122. Square foot average is 2,407, or $129.62/square foot.

In Area 4 this WEEK, 24 homes went into Escrow with an average list price $302,125 and 98 days on the market, demonstrating that Charlotte’s recovery is in progress!

Median Sales Price

Here is the median sales price graph for last month and the previous 2 Decembers for Area 4 sales. Again, a reflection of the recovery that is taking place in our market.

Median Sales Price Area 4 DEC 3 YR Savvy eNews for Week Ending JAN 27, 2012

List-to-Sales Price Ratio

Below is the average list to sales price CITY-WIDE; as you can see with the above statistics, Area 4 is holding steady at a 95% list-to-sales price ratio, a healthy 5% above the city average.

List To Sales Price Ratio ALL Charlotte DEC 3 YR  Savvy eNews for Week Ending JAN 27, 2012


Check out our eNews for the week! Take in some open houses and enjoy the wonderful Charlotte weather we’re having this weekend.



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Discover Charlotte Luxury Neighborhoods | Eastover

Eastover luxury homes in Charlotte NCLocated southeast of Uptown Charlotte, Eastover was the first suburb with driveways for “motorcars.” The neighborhood’s stately homes have long attracted the leaders who helped shape Charlotte’s growth, including banker, Hugh McColl Jr. and department store icon, John Belk and the E. C. Griffith family, who developed most of the Eastover community. The architecture is varied with some being traditional to stunning Europeans.

One of the major landmarks in Charlotte’s Eastover community is The Mint Museum of Art, located on Randolph Road. The Mint Museum is full of rich history as well as unbelievable art and artifacts for vistors to behold. Eastover is also home to Eastover Academy, one of Charlotte’s oldest and top-ranked Elementary Schools.

Eastover offers great walkability and is considered one of the finest historic neighborhoods in the Charlotte metro area. Parks, public tennis courts and quaint, local shops and restaurants are all within walking distance of some of Charlotte’s most stately homes. Eastover also features lovely shops such as Colony Furniture, Windsor Hall and Windwood Antiques, Circa Interiors, Paul Simon Clothing, Morrison-Smithand Karat Patch Jewelers, John Dabbs Ltd., and The Buttercup, again, all within walking distance to Eastover homes.

Search your own specifications for Eastover Homes for Sale by clicking the button below or view all Eastover real estate in Charlotte below.

Eastover Homes for Sale Eastover Charlotte NC Homes for Sale

Showing properties 1 - 20 of 22. See more Eastover community real estate.
(all data current as of 1/15/2012)

  1. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 3 full, 1 part baths
    Lot size: 10,019 sq ft
    Year built: 2008
    Parking spots: 2
    Listed with CottinghamChalkHayes, Realtors
    MLS #: 2059721
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  2. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 5 full, 1 part baths
    Lot size: 11,761 sq ft
    Year built: 2006
    Parking spots: 2
    Listed with Dickens Mitchener & Assoc. Inc
    MLS #: 2053899
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  3. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 4 full, 1 part baths
    Lot size: 20,038 sq ft
    Year built: 1956
    Parking spots: 2
    Listed with CottinghamChalkHayes, Realtors
    MLS #: 2058744
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  4. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 5 full, 1 part baths
    Lot size: 9,148 sq ft
    Year built: 2006
    Parking spots: 2
    Listed with HM Properties
    MLS #: 2058490
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  5. 0 medium Eastover Charlotte NC Homes for Sale
    3 beds, 1 full, 1 part baths
    Lot size: 8,712 sq ft
    Year built: 1942
    Parking spots: 1
    Listed with Pridemore Properties
    MLS #: 2055262
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  6. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 5 full, 1 part baths
    Lot size: 23,087 sq ft
    Year built: 2010
    Parking spots: 3
    Listed with Dickens Mitchener & Assoc. Inc
    MLS #: 2023560
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  7. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 4 full, 1 part baths
    Lot size: 12,197 sq ft
    Year built: 1940
    Parking spots: 2
    Listed with Dickens Mitchener & Assoc. Inc
    MLS #: 2054539
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  8. 0 medium Eastover Charlotte NC Homes for Sale
    3 beds, 3 full baths
    Lot size: 11,761 sq ft
    Year built: 1951
    Parking spots: 2
    Listed with Keller Williams South Park
    MLS #: 2047974
    Status: Conditional Continue to Show
    cmlslogo Eastover Charlotte NC Homes for Sale
  9. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 3 full, 3 part baths
    Lot size: 16,117 sq ft
    Year built: 2005
    Parking spots: 2
    Listed with HM Properties
    MLS #: 2042950
    Status: Conditional Continue to Show
    cmlslogo Eastover Charlotte NC Homes for Sale
  10. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 4 full, 1 part baths
    Lot size: 15,551 sq ft
    Year built: 1998
    Parking spots: 2
    Listed with Allen Tate Company
    MLS #: 2038392
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  11. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 3 full, 2 part baths
    Lot size: 19,950 sq ft
    Year built: 1956
    Parking spots: 2
    Listed with United Brokers Ltd
    MLS #: 2035672
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  12. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 3 full, 1 part baths
    Lot size: 1.30 ac
    Year built: 1997
    Parking spots: 2
    Listed with Piatt Realty Assocs.
    MLS #: 2035105
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  13. 0 medium Eastover Charlotte NC Homes for Sale
    4 beds, 2 full, 1 part baths
    Lot size: 14,462 sq ft
    Year built: 1960
    Parking spots: 2
    Listed with Realty Alliance LLC
    MLS #: 2034756
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  14. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 7 full, 2 part baths
    Lot size: 31,363 sq ft
    Year built: 2007
    Parking spots: 3
    Listed with ERA Knight Realty
    MLS #: 2031508
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  15. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 4 full, 1 part baths
    Lot size: 9,148 sq ft
    Year built: 2004
    Parking spots: 2
    Listed with CottinghamChalkHayes, Realtors
    MLS #: 2030279
    Status: Contingent Continue to Show
    cmlslogo Eastover Charlotte NC Homes for Sale
  16. 0 medium Eastover Charlotte NC Homes for Sale
    6 beds, 6 full, 4 part baths
    Lot size: 3.02 ac
    Year built: 2001
    Parking spots: 3
    Listed with Dickens Mitchener & Assoc. Inc
    MLS #: 2002903
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  17. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 5 full, 1 part baths
    Lot size: 14,810 sq ft
    Year built: 2005
    Parking spots: 2
    Listed with HM Properties
    MLS #: 998532
    Status: Conditional Continue to Show
    cmlslogo Eastover Charlotte NC Homes for Sale
  18. 0 medium Eastover Charlotte NC Homes for Sale
    3 beds, 3 full baths
    Lot size: 9,322 sq ft
    Year built: 1928
    Parking spots: 1
    Listed with WEICHERT, REALTORS Rebhan & As
    MLS #: 993828
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  19. 0 medium Eastover Charlotte NC Homes for Sale
    5 beds, 3 full, 1 part baths
    Lot size: 12,197 sq ft
    Year built: 2011
    Parking spots: 2
    Listed with Marilyn Hartley Realty
    MLS #: 986771
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale
  20. 0 medium Eastover Charlotte NC Homes for Sale
    6 beds, 7 full, 1 part baths
    Lot size: 24,394 sq ft
    Year built: 1935
    Parking spots: 2
    Listed with Dickens Mitchener & Assoc. Inc
    MLS #: 977547
    Status: Active
    cmlslogo Eastover Charlotte NC Homes for Sale

Listing information deemed reliable but not guaranteed. Read full disclaimer.



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