Real Estate – Simple Buying Tips!

Everyone needs a little bit of friendly advice from time to time, and that’s especially true when dealing with real estate. It’s a tough world out there for a buyer. It’s doubly tough in a market like the one we have had over the past several years. So here are a few buyer-oriented real estate tips that may help you as you approach this market. The goal of these tips is simply to provide current and helpful items to consider so you can make the best possible buying decisions.

First, when you decide it is time to purchase a home, start by making a list of what you are looking for with your real estate purchase and stick to it. Put your most important items on the top of the list and work down in order of what is less important. Decide on what would be deal breakers from the start, and you won’t be confused and unsatisfied later.

Be sure to keep all aspects of the home you are thinking about purchasing in mind. While the physical aspects … size of rooms, the kitchen and so on are important factors, avoid focusing solely on a few things. Other considerations such as traffic patterns, distance from work, noise levels, do you feel safe, the quality of the neighborhood, have you met the neighbors? These and other issues hugely impact your experience once you are living in the home.

Buying a home with a great view might be what you are looking for, but remember it may have disadvantages, too. Usually, it costs significantly more than the rest of the houses in the neighborhood. Its resale value can also be negatively affected, as the potential buyers might not appreciate the view as much as the original buyer did. There is also a good possibility that over time new structures will be erected, significantly altering the original panoramic view; be sure you know what is going to happen to the land … and views you are looking … at in the future. So, yes, having a great view may be nice, but do your due diligence and always try to pay as little extra as possible for the view.

For those of you real estate investors or first-time hom owners seeking to purchase properties at courthouse auctions, it is always wise to conduct a thorough title review before bidding. In this way, successful buyers avoid getting stuck with a house that remains subject to unpaid taxes, contractor’s liens or other mortgage obligations that were not cleared up. Don’t take it for granted that these issues were all eliminated at the foreclosure; check for yourself and be certain that you will not have clouds on the title. This could be a costly problem.

As an investor, you must look past the cosmetic aspects of the house you are looking to purchase. If the walls are dingy, it only takes a few dollars to buy a can of paint and freshen up the look. Conversely, the previous owner may have covered up the ills of the past with that same few dollars of paint. Look at location and major repairs and do not overlook the small things, as small things can become big things fast. Do an in-depth inspection, bring a contractor with you when you are looking at a home you may be interested in bidding on. Be sure you have a good estimate of what the repair and improvement costs are going to be and what the market value after repairs (ARV) will be. The ARV is important to know, you do not want to be overpriced for the market area, or if you plan to flip the home, if there is enough profit potential in the deal.

Charlotte… the most sought after city in the country!?

Showcase Realty is one of the fastest growing real estate offices in the city, so why not put it in the fastest growing city in the country!? Recent studies show that Charlotte, North Carolina is the fastest growing metro area in the U.S. with more than a 64% increase in population from 2000-2010!

Charlotte is the largest city in N.C. and the 17th largest in the U.S. Residents of Charlotte, N.C. are not the only ones who realize what a wonderful place it is to live! In the recent article “Best Cities for Housing Values, 2011 by Yahoo! Real Estate, Charlotte was ranked 2nd in the country as the Best City to live, based on its vibrant economy, reasonable living costs, and great amenities!

Still need convincing?
CLICK HERE for more of what Charlotte has to offer and properties available in Charlotte and surrounding areas!

Behind the scenes of Showcase’s new Charlotte office!

Showcase Realty, LLC has been around for over 3 years and has tripled in size, staff and sales since then! This not only allowed us to hire more experts on our staff and more agents to assist our clients, but it allowed us to open a larger, brighter, more appealing office in Charlotte at 1430 S. Mint Street Suite 106.

This office was designed by Charlotte’s very own Studio Fusion and does a great job of expressing who we are as a business – modern, classy and technologically savvy – which are all a big part in why Showcase is so successful. Scroll down to take a look at our new office and what we have to offer our staff and our clients!

CLICK HERE for more pictures and an idea of why these updates really “showcase” our brand!

Showcase heads to UNC Charlotte to speak about investing!

Nancy Braun, Owner and Broker in Charge of Showcase Realty, LLC and her investment expert, Doug Gardner, spoke to business finance students at UNC Charlotte on Monday, April 2nd. They covered many topics, including the benefits of investing in distressed properties in today’s market! Showcase decided to reach out to these students, because it is crutial that those age 21-25 know exactly what’s going on in the market and how to approach the buying process because they are the closest to the age of many first-time homebuyers! These students not only gave positive feedback, but were more interested in housing market than most would guess of college students!

 

Click here to see more photos from the lecture!

 

ATTN Buyers: Get LIVE Advice on the Homebuying Process from our Experts!

All Signs Point Toward Improving Housing Market

In 2012, the housing market is continuing to improve as the U.S. economy moves forward on its slow but steady recovery. 

Demand in many areas and price points are now greater than supply and there has been upward pressure on home prices! In fact, there is so much good news to share that we are having a FREE MEETING on March 26th from 6:00 – 7:30 PM at our NEW! Showcase Realty Charlotte location to present it all!

These are just a few of the topics we’ll cover:

  • Housing market forecast for Charlotte, North Carolina, surrounding areas, and the United States 
  • How to buy a home for as little as 3% DOWN
  • Short sale update on how the process works and affects your credit score 
  • What is a HUD home and how you can go about purchasing one, along with awesome programs that benefit buyers! 
  • How to buy an investment property and simplifying the process with the right person guiding you!  
  • And MORE!!! 

All Homes 66% Off!

I’ll bet you’d stop if you saw this sign at a builder’s subdivision!  Believe it or not, the cost of a home really is 66% off! With low prices and low interest rates the same home bought in 2005 is three times as affordable today than they were in 2005!  The following example should help you understand just how good the deals are right now. 

If you borrowed $200,000 to buy a home in 2005 and got a loan with a 6% interest rate, the interest would cost $12,000 per year or $1,000 per month.

That same home today can probably be purchased for about half its 2005 value, so your loan would be $100,000. The interest rate wouldn’t be 6%, it would only be 4% so you would spend only $4,000 per year or $333 per month!  One-third the payment FOR THE SAME HOUSE!!!

Worried prices are still falling?  Wouldn’t it be nice to know which areas are still falling in value and which are increasing? I have statistical evidence of what is happening in every price range, property type, and neighborhood in and around Charlotte.

This information will empower you to make smart decisions whether you’re buying or selling. If you’ve been thinking about moving up, down, or sideways, there is no better time. Hurry before the market heats up when school lets out!

Plan to attend our Housing Market Update on Monday, March 26th from 6:00 – 7:30PM at Showcase Realty’s New Office in Southend Charlotte (1430 S. Mint Street Suite 106, Charlotte, NC 28203). Seats are limited, so register here to reserve your place. We will provide light snacks and door prizes to those who RSVP and attend!

February 10, 2012

The Techy Realtor’s Advantage

By Andrew Hill @ www.newhomesource.com

The world of real estate has changed quite a bit in the last decade, but if there’s one thing you can be sure of, it’s that you want to have a tech savvy realtor as your guide. As you’ll see, the realtor of the future can save you both time and money.

First and foremost: this is an investment. A tech savvy agent will have the capabilities to get your home more traffic and therefore a better price. By knowing how to market your home to the best of its capabilities, a techy agent will get you the best price for your home, guaranteed. And if you’re looking to buy, the investment you make in a tech savvy agent will pay off as he/she will provide you with the most accurate information on homes that meet your needs. This is all part of a smart agent’s online marketing strategy.

Secondly: efficiency. A realtor can have all of the gadgets and websites in the world, but if they can’t properly utilize them, it’s just a big headache. By choosing an agent that has streamlined their business using technology, you’ll save a lot of time. To be an efficient agent doesn’t depend solely on having iPads, smart-phones, or other devices. Whether or not they have the latest gadget doesn’t matter, so long as they incorporate their tech to allow them to produce results remotely.

Which brings me to my final point: staying busy outside the office. Email, social media, texting, and other applications are the lifeblood of the 21st century agent. If your agent thinks a yard sign and brochures are going to be sufficient, then it’s time to find a new realtor. Your agent should be using all the power he/she can muster to sell your home all across the web, be it Facebook, Twitter, YouTube, or other formats. One such example is a good blog, which is kept up to date with fresh, relevant information, and incorporates posts about new houses on the market. 

So before you look at another home or take the next step towards putting your property on the market, make sure you choose a tech-savvy agent to help you along the way.

CLICK HERE to sign up for Showcase Realty’s upcoming “Agent Technology and Social Media Webinar”!

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