Tag Archives for " Charlotte NC foreclosures "

4 Reasons to Invest in Housing in Charlotte: Why 2014 will be a Great Year

key, 2014, house key, invest in Charlotte NC real estate, Charlotte NC homes for sale, Charlotte NC foreclosures, Charlotte NC short sales, Nancy Braun, Showcase Realty

 

We’ve all seen the news about big investors making their way through Charlotte buying up hundreds of properties. And if you’re like me, you were left wondering, “How can I get in on the action?”

Now that the major investment companies have all but left Charlotte, some people said it was a sign that the time to buy is behind us.

 

 

Well they’re wrong!

Forbes ranked the top 20 U.S. Cities that were the best places to invest in housing in 2014; Ranking the Charlotte-Concord-Gastonia area No. 3!

Why?

Without these big investment companies, there is more opportunity for the rest of us to still get a great price on a new home.

The most important factor now is TIME!

As with any good deal, you need to act quickly while the prices and rates are still low to get the most bang for your buck, as they say.

This ranking reviewed the top 100 metropolitan areas using US census data. These 100 cities were then ranked on four factors: Population, home prices, home value and the local job economy.

Charlotte achieved the third spot because it has high population and job growth, and relatively low home prices that are most importantly, undervalued.

All together it makes buying a home in Charlotte a relatively low-risk investment.

The key to this ranking is the price that homes would have been without the recession and other external factors.

 

\As long as homes prices are below this price, then the home is undervalued, and typically a good investment.

In Charlotte, homes are 15% undervalued. That’s an average savings of over $36,000!

What this really means:

Buyers: Charlotte is one of the best places to invest in the entire country. This is because of its potential for growth and improvement, along with its low priced and undervalued homes.

Whether you are buying a home for yourself or looking for an investment property, the key is to buy now while the prices and mortgage rates are still low.

As the rates and prices gradually increase, this is fewer savings in your pocket.

If you are considering investing in Charlotte this year, please leave a comment in the section below. We welcome your thoughts on why you think it’s a great deal. And if you don’t, tell us why as well.

If you are ready to get to make the next move, click here for some of best deals hitting the market now!

Ways to Make Your Home Eco-Friendly

Eco Friendly, Consumption, Conservation, Enviroment, Green energy, Clean, Go Green, Charlotte NC real estate, Charlotte NC investors, Charlotte NC foreclosures, Charlotte NC homes for sale, Charlotte NC short sales, Showcase Realty, Charlotte NC Short Sale Agents

Eco Friendly, Consumption, Conservation, Enviroment, Green energy, Clean, Go Green, Charlotte NC real estate, Charlotte NC investors, Charlotte NC foreclosures, Charlotte NC homes for sale, Charlotte NC short sales, Showcase Realty, Charlotte NC Short Sale AgentsWith the increasing number of environmental problems these days, each of us has the responsibility to do something to help save the environment. In your own simple ways, you can help through making home improvements that do not only beautify and add value to your home, but also helps conserve the environment. Below are some of these eco-friendly home improvement tips.

 

Monitor your electricity consumption. This is made possible through buying digital displays that allow you to monitor your electricity consumption similar to a meter in a taxi. In this way, you would be less wasteful.

 

Install skylights in your roof. Installing skylights helps natural sunlight in illuminating your house, especially in those pesky dark areas in your house.

 

Use solar panels or a miniature wind turbine. Solar heating is very useful, especially in providing basic energy within your home such as lighting and heating water. The good thing about this is it makes pure and clean energy. At the same time, you can store the energy in a battery for later use. You can also install a miniature wind turbine which can also help generate renewable energy.

 

Invest in low wattage light bulbs. Such kind of bulb helps save energy easily. It’s sometimes brighter than the standard light bulbs but consumes lesser energy.

 

Improve your roof. There had been researches conducted indicating that roof color and the types of material you use in your roof can greatly lower the temperature in attics. For instance, consider using white tiles when re-roofing as it has properties that can reduce heat gain.

 

Install a motion detector outside your home. Such devices help a lot in saving energy because your light fixtures will only be activated by motion sensors or a timer.

 

Make use of low flow showerheads. These items are a worthwhile investment because they help cut down water usage and save energy expenses.

 

Purchase energy-efficient appliances. Investing in such items is one of the most effective ways of saving energy. Remember, home appliances use about 18% of a typical home’s total energy bill so investing in energy-efficient appliances can help lower down your expenses. These appliances bear “Energy Star” logo which means they use 10% to 50% less energy and water than other standard models.

 

Save water through using certain devices. There are actually some devices you can purchase that help save water. For instance, you can use an aerator on all your household faucets to cut your annual consumption of water into half. You can also install a low-flow toilet to increase your water savings.. But aside from this, you should also do some behavioral changes that save water too.

Radio Show Recap: Renting Vs. Buying: Which Is Better For You?

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Renting, Buying, Crossroads, Charlotte NC real estate, Charlotte NC investors, Charlotte NC foreclosures, Charlotte NC homes for sale, Charlotte NC short sales, Showcase Realty, Charlotte NC Short Sale AgentsDid you miss our radio show that aired live last Sunday, November 24, 2013 at 10:30 AM? No worries, if you missed it or want to listen again you can watch the podcast available now on ITunes and coming soon to www.charlottemarketradio.com.

 

Our last episode discussed one common dilemma most homeowners face and this is renting versus buying, which is better? According to Mecktimes and Trulia’s statistics, buying a house is better than renting one; specifically if you live within Charlotte, North Carolina. During the summer of 2013, buying a home was actually cheaper by 44 percent than renting. The difference between both narrowed since summer of 2012, where it was 54 percent cheaper to buy than to rent.

 

Furthermore, by Trulia’s estimate, the mortgage rate tipping point, when renting becomes cheaper than buying, is at 13.3 percent for Charlotte. And according to Bankrate.com, the current mortgage rates are 4.12 to 4.62.

 

The benefits of owning a home were also presented, here are a few:

  • When paying money towards the principal on your loan each month, you increase the percentage of your home that you own.
  • Mortgage payments remain the same with a fixed rate loan. Rent costs, however, inevitably go up.
  • You gain from the appreciation on your home. The whole house appreciates, not just your down payment.

 

On the other hand, the downside of renting was also discussed.

  • In renting, you do not accumulate equity. You are essentially giving away your money each month. Why are you buying your landlords home?
  • The landlord benefits from the appreciation values, not the tenant.
  • The landlord benefits from your work and improvements on a house or apartment that you rent.

 

 

For first time homebuyers, there are special lending programs you can rely on like HUD homes. If you live in Charlotte, be sure to get a certificate first from attending an 8-hour Home Buyer workshop and get up to $7,500 which you can use as down payment and closing costs.

 

For those who have been hurt by the economic downturn by a short sale or foreclosure; good news because you can now purchase a house in much less time because of a recent change in the rules. FHA has loosened their guidelines allowing borrowers to get a home loan in as little as 12 months after a foreclosure or short sale.

 

Last but not the least, the 3 most common myths of buying versus renting were also discussed, which are as follows:

 

Myth #1 A bigger down payment is always better

 

You don’t need to put 20% as down payment..

 

Myth # 2 You get more for your money in the suburbs

 

Savings from lower-cost housing often are wiped out by unexpectedly high transportation costs.

 

Myth #3: Renters escape property taxes

 

Renters don’t pay property taxes directly; any business minded landlord factors in all of their carrying costs into their rental rates so it’s like they’re paying the taxes of the landlord.

 

For more information and elaboration on the topics discussed, listen to our podcast.

On the next episode of our radio show, we will discuss how to get your home ready for the market. If you have any questions or clarifications, please don’t hesitate to call us at 704-440-0007. We’re always happy to answer your queries.

A Brief History of Halloween

Pumpkins, Halloween, fall leaves, autumn, orange, red, leaves, Charlotte NC fall events, Charlotte NC homes for sale, Charlotte NC real estate, Showcase Realty, Nancy Braun

Halloween, costumes, Showcase, Realty, Showcase Realty, Orange, Bats,Charlotte NC fall events, Charlotte NC homes for sale, Charlotte NC real estate, Showcase realty, Nancy Braun

 

Just like other holidays and important events, Halloween has evolved a lot since it started thousands of years ago. As one of the world’s oldest holidays, it has been celebrated today by more individuals from different parts of the world than ever before.

 

The term Halloween was originally spelled as “Hallowe’en,” which is contraction of All Hallows Eve, a term for the day before All Hallows Day, otherwise known as All Saints Day. The latter is a Catholic holiday celebrated on November 1 since the early Middle Ages where Christian saints along with martyrs are commemorated.

 

The history of Halloween originates in the ancient Celtic festival regarded as Samhain, a celebration of the end of the harvest season in the Gaelic culture. The ancient Gaels believed that, on October 31, there is an overlapping of the boundaries between the world of the living and the dead. At the same time, the deceased would come back to life and will cause havoc like sickness. Based on the prehistoric observance, Halloween used to mark the end of summer and the onset of winter where people celebrated it with sacrificial offerings, homage to the dead, feasts, and bonfires.

 

Like the Celts, the European people during that time also believed the same thing; that the spirits of the dead would came to visit the earth during Halloween. However, they feared that the spirits would hurt them or cause problems, which is why during the night they wore costumes to look like ghost and other evil creatures. They believed that by doing such, the spirits would think they’re also dead and they would remain unharmed. As the Europeans migrated to the United States, they brought such tradition with them.

 

“Trick or treat” entered the picture when there was an increasing number of Halloween pranks and mischief during the 1920s and 1930s. Schools and communities want to curb the increasing number of vandalism that’s why they encouraged the “trick or treat” concept. But the practice we do and see today where children wear costumes doing “trick or treat” started only during the mid-1940s.

 

Today, Halloween is the second most commercially successful holiday next to Christmas and is the third biggest party being celebrated yearly behind New Year as well as Super Bowl Sunday. Men and women of every age now celebrates Halloween in different ways like decorating their homes, wearing odd costumes, joining parades, and more. But we all have to remember, as long as we celebrate Halloween in a safe and happy way, then there’s no problem with celebrating it in different ways.

September 5, 2013

Coffee with Nancy & Mike: Free Agent HUD Sales Training

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Come Join Us! For FREE agent sales training on HUD Homes at our Charlotte NC real estate office in SouthEnd. Breakfast provided by Home Inspection Carolina.

* Learn the steps to close in record time

* Understand the selling process to maximize your results

* Become a HUD expert with this hands on workshop.

* And Much More…

Eventbrite - Coffee With Nancy: Agent Hud Sales Training

flyer, Charlotte NC real estate agent training workshop free hands on learn study HUD Pemco Ofori Hometelos

September 2, 2013

5 Programs Every Real Estate Agent Should Use

get ahead of the back; best the best Charlotte NC real estate agent with these tips and sell the most Charlotte NC short sales and Charlotte NC foreclosures

get ahead of the back; best the best Charlotte NC real estate agent with these tips and sell the most Charlotte NC short sales and Charlotte NC foreclosures

Using these websites and programs to their fullest potential can set you out from the crowd, and become a five star agent.

1. LinkedIn

With over 225 million members, LinkedIn is important for business. It’s a great networking tool. This is also another great place to receive recommendations. View my LinkedIn Profile.

2. Active Rain

Belonging to a real estate community outside of your office gives you access to a wealth of information. Active Rain is where agents can connect, share and learn, by reading and posting blogs, and asking and answering questions. Even if you don’t ask or answer questions, you can read about hot topics or search previously answered questions. View my Active Rain Blog.

3. DocuSign

Digital signature programs are convenient, save time, and are important in a growing paperless world. DocuSign is what we use at our Charlotte NC real estate office. We promote DocuSign as a service to our customers, because we no longer have to meet face to face to sign documents.

4. Evernote

With so many things in the mix in day to day, Evernote is a great way to store and organize current clients, past clients, leads, check lists and notes. Never drop the ball again, and free up space in your mind with extremely organized notes, categories, all in Evernote.

5. Voice Cloud

You’re not always going to be available to answer your phone, meetings, showings, other phone calls get in the way – this is when Voice Cloud is great. Voicemail to text transcription can be a life saver to filter through voicemails when you can’t answer, and help you immediately follow up with urgent calls.

 

 

4 Technology Tips Every Real Estate Agent Should Follow

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One of the best ways to get ahead in any industry is staying abreast with the latest technology. trophy; how to be the best charlotte nc real estate agent and get the most charlotte nc homes for sale

In today’s digital information age, interested buyers and sellers will look for you online before doing business with you. For them to find you, you must be online. For the best results you need to be on as many places at the same time as possible.  This can be overwhelming, and impractical. With Facebook, twitter, Pinterest and blogs, the list is never ending.

To increase your business what technologies should every real estate agent implement?

1. Smart Phone & Tablet

to be the best charlotte nc real estate agent like nancy braun at showcase realty you need a smartphone to get all the charlotte nc homes for saleSmart phones are here to stay and they are only getting smarter. If you don’t have a smart phone by now, you run the risk of looking dated and out of sync with the rest of world. If this is the only new technology you implement, take the plunge on this one.

With access to 1,000’s of apps, a smarter phone can help you connect with everyone in your sphere. There are also several options for cloud based apps, giving you access to all your documents, presentations, or flyers anywhere you are.

If you’ve already committed to a smart phone, consider purchasing a tablet. Popularity and preference of tablets over computers and laptops is growing. Imagine showing a presentation on your tablet instead of flipping through a stack of papers.

We recommend the Ipad specifically. The Windows Surface or Samsung Galaxy Tab have more options, but when you consider ease of use, right out of the box, The Ipad has a much more simplified format. This is easier for users to just grab it and go, especially users who are less tech savvy

2. LinkedInIN.fw

With over 225 million members, LinkedIn is important for business. If you’re not a fan of social media, or don’t have time for all the different platforms, at least create a profile on LinkedIn. It shows that you are in tune with the professional world, and it’s a good place to house your experience, abilities and any awards.

Because it’s a website of professional looking for professionals, LinkedIn is a great networking tool. You can use it to keep in touch with colleges, and tech savvy client will use this as a reference. This is also another great place to receive recommendations.

3. Online Communities

active rain logo. blog on this site to be the best charlotte ne real estate agent like anncy braun at showcase realty and have the most charlotte nc homes for saleOnce you have found a company with a good internal training structure, become a member of an online community.  Belonging to a real estate community outside of your office gives you access to a wealth of information.

You can join a Facebook group (Raise the Bar in Real Estate and Tech Support for Agents are the most active), become a member of a real estate blogging site like Active Rain, or join a List-Serve email list where agents ask and answer questions.  Even if you don’t ask or answer questions yourself, you can read about hot topics or search previous posts to see if your question has been answered before.

4. Be Genuine

Finally if you’re going to do any of these suggestions above, be genuine and relatable.  the best charlotte nc real estate agents are genuine like nancy braun of showcase realty who has the most charlotte nc homes for sale

Danny Mareco, Director of Marketing at Showcase Realty, advises,  “Don’t jump on the next fad just because you think you have to. People will see through that.”

If you are going to blog, provide useful information; don’t just tout your accomplishments. If you are going to create a social media profile, keep it updated.  The main focus of technology today is connection – connecting all of our tools and devices together through apps and cloud, and connecting us to each other through social and networking sites.

If you are just using it to ‘be out there’, you’re missing the point; these technologies are supposed to make life easier, not feel like a burden. That tune will ring flat in many of your clients’ ears.

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

 

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