Tag Archives for " Charlotte Homes for Sale "


Charlotte NC Real Estate Featured Property Homes for Sale

August 22, 2013

7 Best Strategies to Prevail in a Bidding War

hands reaching up to grab a house key in a multiple offer situation of charlotte nc real estate and charlotte nc homes for sale by showcase realty
 
 

“Will I get

a second chance?

Will the seller

counter my offer?”

hands reaching up to grab a house key in a multiple offer situation of charlotte nc real estate and charlotte nc homes for sale by showcase realty

Many real estate markets are experiencing higher buyer demand than supply. In Charlotte, N.C., we currently have a 5 ½ month supply of homes; less than a 6 month supply is considered a Sellers’ Market. A good house in this market will likely receive multiple offers. Follow these strategies to prevail in a bidding war.

 

1.     Submit your highest and best offer as soon as possible. I am often asked, “Will I get a second chance or will the seller counter my offer?” Probably not, the Seller will likely negotiate with the best offer and reject all others. So, if you really want the home, submit your best offer up front.

2.  Keep your offer clean and simple. If you don’t need closing costs paid by seller then don’t include that in your offer. Don’t ask for personal property. You can always ask for small things later, and wait for the home inspection to ask for repairs. Pay for the home warranty yourself; they are inexpensive (typically under $500) and not worth losing the house.

3.     Have your agent call the Seller’s agent to ask why they are selling. Price may not be the priority; it may be speed, flexibility or a certain closing date. Unless you ask, you won’t know what the seller will consider the most acceptable offer.

4.     If you are able, submit the offer not subject to it appraising. This is a volatile market and appraisals are subjective, not scientific. Without this, there is a better chance the deal won’t fall out and the seller won’t have to worry about negotiating the purchase price later.  However if you plan to finance, make sure you can pay the difference of the appraised value and what you agreed to pay for the home, since your lender will only give you a loan up to the appraised amount.

5.     Write a personal letter to the seller, unless the property is bank or business owned. Tell the seller why you want the home and how you will enjoy certain features.

6.     Submit complete paperwork. This includes the contract, pre-approval letter and earnest money check. If possible, include a preapproval letter from a reputable lender with the property address on it.  A certified check is better than a personal check for the Earnest Money Deposit, and it should be higher than the standard for your area. This shows good faith and your commitment to buy the property.

7.     Your offer should be higher than the list price.  It should be as much as you think the home is worth plus a few dollars. Or you can offer to pay $1,000 more than the highest offer up to a certain amount. Interest rates are low right now so this additional amount over 30 years won’t amount to much.

Use these strategies to put your best foot forward.

Good luck!

                                      

Lunchtime Review Recap

showcase realty charlotte nc real estate workshop on charlotte nc HUD homes

Our HUD Workshop, Lunchtime Review, was a great success. We had a good turnout and everyone benefitted from the hands-on nature of the class. This workshop focused on how to complete a HUD contract.

Our guest speaker for this workshop was Gary Frank of Home Warranty of America. He spoke about his company’s warranty programs and the way it can benefit both buyers and sellers. He also provided a generous amount of sandwiches and refreshments from Newk’s Express Café.

We created a scenario about Claire and Craig Chase, who were a young newlywed couple in search of their first home. They needed a home that was affordable, but that didn’t require much renovation. Purchasing a foreclosure would help them get the size of house they wanted for a price that fits their budget. They decided to look exclusively for a HUD home because of the discounts available to them. They were especially excited about the $100 dollar down program, because they didn’t have very much saved up for a down payment.

We walked the class through all the steps that they would need to take to show Claire and Craig the property, make sure they were informed on any special circumstances, a place a bid. After the bid is accepted they filled out a real contract in class.

The agents enjoyed the class and, I think they got a lot out of it. Showcase Realty holds agent classes every month. Our next agent class is September 20, from 9:30 – 11:30 a.m. It’s completely free and tickets are available now. You can register online via the button below or at http://coffeewithnancy-blog.eventbrite.com

Eventbrite - Coffee With Nancy: Agent Hud Sales Training

We also hold free buyer and investor outreaches every quarter. Our next buyer outreach is October 22 from 6:00-8:00 p.m.  Registration for this event will open one month before this popular event. For a complete list of all our events visit, www.showcaserealty.eventbrite.com

Enjoy the candid photos of the event below.

showcase realty charlotte nc real estate workshop on charlotte nc HUD homes

crowd.1

showcase realty charlotte nc real estate workshop on charlotte nc HUD homes

food sponsored at Showcase Realty's Charlotte NC Real Estate Workshop on Charlotte NC HUD Homes

 

July 24, 2013

Excited for the Electric Run!

I’m so excited that it’s finally here. Gearing up for the big day, I’m picking up my t-shirt and packet this afternoon at Charlotte Running Company.

If you haven’t heard about this, The Electric Run is this Friday and, if you watched the video above, you can see that it looks awesome. This 5K is held in many metropolitan areas throughout the U.S. and the U.K. The website says it features,

  Immersive “Lands” of light and sound that transport the participant into an electric wonderland, Electric Run promises to transport the mind, body and soul to a new world in a healthy and drug-free way. Participants are encouraged to join in on the art by lighting up with glow sticks, LEDs and anything else their imagination can conjure up.

Our Electric Run is at the Charlotte Motor Speedway in Concord. This will be my first night run, and certainly the first one with music, dance and best of all glow sticks!

I got my tickets months ago when were they first released, but if you put it off — Good news! Tickets are still available. The site says it’s 98% sold out though. So if you are looking for something to do this Friday night, I wouldn’t drag my feet on this one. Registration was pretty simple. You can register or find out more here.

But if you’re not able to attend, why not browse some inspiring photos from previous runs?

From the event sponsors  or from the participants here

These were my favorites:

Nancy Braun of Showcase Realty Ranked Best Real Estate Agent in NC!

best agentREAL Trends released its newest ranking called the Best Real Estate Agents in America which ranks the most productive agents by state and by metropolitan area.  Nancy Braun and Showcase Realty ranked in both categories at the state and regional levels:

  • 1st in N.C by Transactions
  • 3rd in N.C. by Volume
  • 1st in Charlotte-Concord-Gastonia by Transactions
  • 1st in Charlotte-Concord-Gastonia by Volume

The report, the first of its kind ever produced, ranks real estate agents in several categories for their 2012 calendar year: individual agents by closed transaction sides and by closed volume and the same rankings for agent teams. Over 6,500 real estate agents from every state in the U.S. are featured.

This new report is an outgrowth of the REAL Trends/The Wall Street Journal report called The Thousand, which ranks the most productive 1,000 real estate agents in America. This year, REAL Trends extended the report to include all sales agents who exceeded certain minimum levels of closed transaction sides or closed sales volume during calendar year 2012. Many of the real estate agents qualified to be ranked in both closed transactions and closed sales volume.

We are so proud of Nancy and are elated to receive this award.

To see how we stacked up against the competition, view the full ranking here:

http://www.realtrends.com/best-real-estate-agents-north-carolina#.UearRI2kr9Y

To see what sets us apart, making us the best in N.C. visit our website here:

http://www.showcaserealty.net/about-us/

July 10, 2013

Good Interior Design

Making it Home: Good Design

Almost nothing can impact your living space like good interior design can.  But many people don’t know which design concepts will make the most of their homes. This post gives you bite-sized ideas to consider as you decorate or fully remodel your home.

While they’re not particularly common in the Charlotte area, some homes include a basement. Even if it is only semi-finished, a basement can be transformed into a great space to entertain, play or relax. If you are ready to start designing your home and have a basement, think about what you can do to make it a place that you can and your family and friends will enjoy. Basements may also have rental potential … check local regulations.

You may not be able to retile your bathroom or replace your bathtub, but you can always admire the effect of new towels. Try bold colors if your bathroom seems a bit drab, or calming colors like blue and green if you want to create an oasis.

Consider all types of flooring. Don’t limit yourself to carpeting … consider whether tile or hardwood floors would make the room look better or add a different feel. Modern and sustainable, bamboo floors create a vibe different from

Interior design has the ability to completely transform an ordinary room into something truly exceptional, but many people don’t devote sufficient time and energy. Check back often to form a winning design strategy for your living spaces. There will be more design tips coming soon!

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!