Frank Free

Lake Realty is pleased to welcome The Draughon Team. Please see their message below

The Beth and Barry Draughon Team was formed to serve you, our valued client, at a higher level than your normal expectations. Working in residential real estate sales since 1996, Barry and Beth have been multimillion dollar producers. Together, with their knowledge and experience, they raise the bar for your expectations of your REAL ESTATE PROFESSIONAL.

Our combined knowledge and experience will allow you to receive the highest level of service in today’s marketplace Awards have included “President’s Award for Excellence" 1997 and “Rookie of the Year” for a large regional real estate firm. Barry’s four and a half years as a Broker-in-Charge will help you in navigating the buying and selling process

We also specialize in golf course communities based on Barry’s past experience as the UNC Charlotte Golf Coach from 1992 – 1996 (1996 Conference "USA Coach of the Year") Barry will provide a golf lesson with every closing Our goal is to make your experience one that will cause you to refer us to your friends and family because you will want them to have the same great experience.

Barry Draughon Team Broker, Realtor®
Office: 704-608-7897 Mobile: (704) 608-3232
Email DraughonTeam

The Crucial Step of Setting the Right Price
Lake Norman, Mooresville, Huntersville, Denver, Davidson Property

The biggest error made by sellers in any market but especially in a growing market like we have in the Charlotte and Lake Norma area is expecting too high a price. With a price that is unrealistically high, a house will stay on the market for a lengthy period and that is deadly. This can be particularly problematic if you have selected your next home, with the pressure to obtain the resources to make the commitment on your new home.

Price for Value
To be successful, the thing to keep in mind as a starting point is that to be successful you have to be the very best buy in the area. If you are working with a Realtor, he or she will be able to provide you with an analysis and tell you the price structure of success in the current market. A good Realtor is familiar with the market and can assist you in setting a good price point that will be to your advantage in making the sale.

Quick Sale Versus More Money
You have to start off knowing that the optimum transaction is not getting the highest price you can possibly get from the deal, but getting the highest price in the shortest reasonable time. Your time is a valuable asset in its own right, and that applies as well to the time needed to find the perfect buyer, or rather having the right buyer locate get around to locating your gem of a home. If you look at it with this in mind, you can start to see the problem in a new way. Especially if you are in a slow time in the market, dropping your price after a time of inactivity communicates the idea to buyers that you might be in a vulnerable position. They tend to respond all too well to any signal that you are under pressure.

You Might Have to Make Compromises
Market conditions may determine not only the price you can get for your home as mentioned above, but when the sale can best be successfully accomplished as well. It just might not be the time for you to sell now for that top dollar price, but still, when the situation changes you may have to go with little notice. You might have to be willing to wait, or take advantage of a market shift and sell quickly, depending on market direction and momentum. That situation could be especially troubling; though you may have options available such as staying with family or friends for a time if you have to sell your home before you have another, more likely you would have to move into a short-term rental situation which could whittle away at the money you might have made with your timing. In some cases, the buyer might delay taking possession of the property if you ask, especially if they want to stay in their current home a little longer. In most cases, though, as soon as the buyers know their mortgage is approved they will be anxious to close within a week or two.

Home Condition:
The Condition of the Home Impacts Both Price and How Fast the Sale Is Completed
It is just too easy to not think about differences in value when you are deciding on a price for your home and you see others selling at good prices. If you have not maintained your home in excellent shape, you may not be able to sell it at the same good price as similar homes. If this happens you may be successful in pricing it to sell quickly by offsetting the price of any repairs that will be left to the new homeowner. This would result in a lower selling price but, offsetting it, a lower level of involvement on your part. Again, what is your involvement and time worth? Work of a serious nature such as a crack in the foundation, roofing, and fixing heating/cooling units may not be eligible for this kind of treatment, although you can get away with it for things that affect the way things look. Things like fixing windows and shutters, cleaning the carpets and other similar projects can be avoided by lowering your asking price for the home. There are buyers who go out of their way to look for just such opportunities, since they like to see themselves as being adept at trading their own effort for money in their pocket -- and you can benefit from this situation if it applies to your home, but only if you price it to sell. Remember, considering both the expense of spinning your wheels and having the house sitting for too long a time for sale, both in terms of foregone monetary opportunity and time and in the erosion of the home's advantage in being fresh and new on the market, the best thing you can do is to price it right from the start. Sell it without giving it a chance to lose its luster.


This article was furnished by Automated Homefinder, the Colorado real estate resource.

The Lake Norman and Charlotte NC  area has unsurpassed economic climate and natural beauty and some of the best neighborhoods in the country. See Charlotte Video.    See Lake Norman, NC Video (with sound)

Lake Norman is a beautiful lake with 535 miles of shoreline and is  just 18 minutes from downtown Charlotte.  These are a lot of variety and price ranges for Lake Norman Real Estate, which includes Cornelius Real Estate, Mooresville Real Estate, Davidson Real Estate and Charlotte Real Estate.  Lake Norman - Charlotte has great waterfront and golf course communities.
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The 30-mile radius that composes Lake Norman is filled with everything you’ll need for work and play. Extending across four counties are four school systems and private school options, recreational activities such as boating, skiing, fishing and golfing and a great variety of dining and shopping.

Lake Norman has several unique and quaint towns - See Cornelius homes for sale,, Davidson homes for sale, Huntersville homes for sale, Mooresville homes for sale and Denver NC homes for sale.  You will find Lake Norman real estate in all these towns bordering Lake Norman. 
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Lake Norman real estate offers a perfect setting for anyone looking to find a picturesque condominium, build a new home, or just find the right house from starter homes to executive luxury homes.

Cowans Ford Dam created the largest manmade body of fresh water in North Carolina when it dammed the Catawba River in 1963. The total length of the facility is 7,387 feet, including more than a mile of earthen dam. The concrete portion of the dam is 1,279 feet long and 130 feet high.

Lake Norman is an "inland sea" with a surface area of more than 32,475 acres. Named after former Duke Power president Norman Cocke, Lake Norman is nearly as large as the other ten lakes on the Catawba combined.

Full pond elevation at Lake Norman NC is 760 feet. The water of Lake Norman is used in two ways to provide electricity to the Piedmont Carolinas. It is used to power the generators at Cowans Ford Hydroelectric Station and by Marshall Steam Station and McGuire Nuclear Station to cool the steam that drives the turbines. This steam is condensed back to water so it can be pumped back through the plants and used again.

The Lake Norman provides a dependable supply of water to Lincoln County, Davidson, NC Mooresville NC, Charlotte Mecklenburg and Huntersville NC.  

Lake Norman borders - on the east side of I77 - Mooresville NC (exit 33 and exit 36), Cornelius  NC (exit 28) Troutman NC (exit 42 and exit 45), Davidson NC (exit 30) and Huntersville  NC (exit 25) and on the west side - Denver and  NC and Sherrills Ford NC - Catawba County.  When you are ready to buy Lake Norman realty, call us at  800-315-5947. 

We would like to assist you - at no obligation - in your home search or lot search.

   For your move to Lake Norman see our Moving to Lake Norman NC Hints
For things to do before you buy a homes see homes for sale Charlotte Lake Norman NC