As we lean toward autumn, home buyer activity increased over the same week in August 2010. Sellers introduced fewer new homes onto the market than during the same week last year. If this trend keeps up, be sure to watch inventory in the weeks and months ahead. Buyers on the fence should know that interest rates and affordable prices are still creating a historic buying opportunity; while fence-sitting sellers should know that you're facing less competition and often making fewer concessions to sell your home.
In the Charlotte region, for the week ending August 27:
• New Listings decreased 16.4% to 848
• Pending Sales increased 25.2% to 506
• Inventory decreased 21.6% to 21,319
For the month of July:
• Median Sales Price increased 1.0% to $163,659
• List to Close increased 0.1% to 146
• Percent of Original List Price Received increased 0.3% to 89.7%
For the complete market report, please visit Charlotte Lake Norman Market Report.
Despite some anxiety on Wall Street, home buyers on Main Street were eager to make their purchases. While the number of signed purchase agreements outpaced last year's levels, seller activity couldn't keep pace. That has drawn down the available housing inventory for sale. There's more to the story now that July's monthly numbers are out.
In the Charlotte region, for the week ending July 30:
• New Listings decreased 21.2% to 846
• Pending Sales increased 20.5% to 541
• Inventory decreased 20.4% to 22,009For the month of July:
• Median Sales Price increased 2.8% to $163,500
• List to Close increased 4.5% to 150
• Percent of Original List Price Received decreased 0.7% to 89.7%
To view the complete analysis, please visit the link below...
The N.C. Foreclosure Prevention Fund™ helps North Carolina homeowners who are struggling to make their mortgage payments due to job loss or temporary financial hardship. For qualified homeowners, the fund can provide an interest-free loan of up to $36,000 to pay your mortgage and other related expenses for up to 36 months.
This loan program is only available to a limited amount of people, but is a great option for you if you qualify. Please contact me at 980-722-6192 to get all of the details and applications for this program.
If you are not eligible for this program, we still have several options to help you prevent foreclosure. All of our clients get a free consultation with an attorney that specializes in helping distressed homeowners, and we never ask you to pay. No matter what happens, our services are FREE.
Call today! 980-722-6192
1. Local Knowledge of Rental Rates: Licensed Realtor provides you with in-depth knowledge of the neighborhood values.
2. Marketing Expertise: Rental listing network minimize vacancies and maximize advertising exposure.
3. Tenant Screening: Thorough renter pre-screening, background checks, and recommended selction.
4. Property Law and Regulations: Up-to-date knowledge of property laws and regulations, making sure you are in compliance with your local, state and federal rules and regulations.
5. Standarized Lease Agreement: Professional Association Forms provide beneficial terms, conditions, rules and regulations.
6. Preferred Service Provider Relationships: Knowledge of local vendors, suppliers and contractors who provide good quality work at reasonable prices.
7. Rent Collection: Systems to help ensure on on-time rent payments and allow for smooth bank transactions.
8. Inspection Reports: Routine property inspections may reveal faults that if found, can be resolved quickly befor they become even more expensive.
9. Security Deposit Escrows: Manage your security deposit escrow funds and make sure you are in compliance with local and state regulations. Tenants are much more comfortable with initial lease negotiations whey they know their funds are held in a third party's account.
10. Financial Record Keeping: Provide detailed income and expenses reports as well as cash statements every month saving you the bookkeeping headache.
11. Emergency Calls Buffer: Imagine being shielded from the late night "my toilet is overflowing" call.
12. Property Management Fees: Fees involved in managing your investment property or improving your real estate are usually considered tax deductions. Please consult your trusted accountant or tax advisor for verification.
SELLING YOUR FIRST PLACE?
Then HGTV is looking for you!
MY FIRST SALE, the popular primetime HGTV show, is looking for first-time home sellers with a unique story (and their real estate agents!) in the Charlotte, NC area.
We are looking for fun, high-energy people with an amazing story who are just starting the process of selling their first place! If you have a crazy, interesting, out-of-the-box story to tell, we want to hear it!!! Our cameras will be there to capture all the trials and tribulations, stress and success of prepping for sale, pricing, negotiating, and ultimately selling a home for the first time.
Taping is already underway and will continue through Spring 2011. Ideal candidates will be motivated, financially candid people who want to share the experience and the purchase details with HGTV and their audience. Singles, couples and families are all invited to apply!
If this sounds like fun, first-time sellers should apply now for immediate consideration! The deadline to apply is quickly approaching, so get your application in as soon as possible!
For more information or an application, please email me at dmcclure@mossyoakproperties.com or call 980-722-6192.
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