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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!
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!
After years of declining home values, 2014 could be the year for all home sellers, especially in Charlotte, NC. So if you want to sell your home, be sure to put your best foot forward. To start, here’s a quick guide to help you sell your home in 2014.
Change your real estate agent. If your agent wasn’t able to sell your home this year, then you might need to change to another agent. Maybe, that simple change can make all the difference you need to finally sell your home because of newer strategies or approach.
Hire a professional photographer. This is considered one of the most important yet overlooked steps in property marketing. Since we live in the Internet generation, there’s a higher chance of selling your home if it is posted online or in advertisements where pictures are necessary. With the help of professional photographer, he can help make your house look great that will surely entice a lot of buyers.
Get help from home stagers or designers. Most real estate agents work with some excellent home designers and stagers so be sure to get their services too as they can help enhance the overall look and feel of your home. Although other homeowners believe that this is a waste of money, there are actually home stagers that charge per hour, which is an advantage on your part.
Screen your buyers. To save time, you need to make sure that your potential buyers are preapproved. This means that need to have their credit and employment checked to determine the amount they can borrow. This is part of your agent’s responsibility to get in touch with your buyer’s loan officers.
Have your property inspected. If your home hasn’t gone through inspection yet, then you must consider doing this now. You have to allot a few weeks or months so the inspector can assess and repair your home of its big and small problems. Remember, most buyers prefer to purchase a home that doesn’t need too much repairs.
Use other marketing options. Have you exhausted all marketing options available today? If not, then be sure to research for other possible marketing options today aside from newspaper ads or flyers. This includes using Facebook, Twitter, Pinterest, LinkedIn and other sites that buyers usually check. If you hired a well-experienced and reliable real estate agent, then this won’t be a problem because he should know the necessary marketing options available today.
Ready to take the next step? Showcase Realty is here to help! If you have any questions or concerns regarding the sale of your home, we can provide honest and knowledgeable answers. Showcase Realty can sell your home fast and for top top dollar. Contact us today! 704.997.3794.
With 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.
Are you planning to celebrate New Year’s Eve in Charlotte but still have no plans on where to spend it? Whether you’re looking to celebrate with your family or you want to leave your kids at home, there are actually a lot of New Year’s Eve parties happening around Charlotte. Below are some of the best events you can choose from.
Ring In 2014 With Howl At The Moon
December 31, 2013, 6 PM
Howl at the Moon Charlotte, 210 E. Trade Street, Charlotte, NC 28202
This New Year’s Eve part is featuring dueling pianos rocking all your favorite hits from 2013. Join for the ultimate Charlotte NYE experience, dance, drink and howl in the New Year at ‘Howl at the Moon’!
Champagne Supernova – $85 per person; seating included
The Big Shot – $70 per person; seating included
Early Bird General Admission – $30 per person; standing room
To purchase these packages, you can call Michele at 704-936-4695 or email CHARLOTTEEVENTS@HOWLATTHEMOON.COM.
5Church New Year’s Eve 2014
December 31, 2013, 10 PM
5Church Restaurant, Charlotte, NC
Open bar and buffet from 10pm to 2am. DJ Stephen will be present on the Warwick Dance Floor. Champagne toast at midnight live countdown of the ball drop festive party favors. Doors will open by 10 PM.
General admission is $65. You can call 704-919-1322 for inquires or visit www.5church.com. Portions of the proceeds will be donated to the Levine Children’s Hospital ‘Give Here For Kids Here’.
3rd Annual New Year’s Eve Party at VBGB
December 31, 2013, 9 PM
Vbgb Beer Hall And Garden (Nc Music Factory), Charlotte, NC
New Year’s Eve Party in Uptown Charlotte. Admission ticket is $60. Age suitability is 21 years old and up. You can call 704-333-4111 for ticket inquiries.
NYE 2014 – The Biggest Party of the Year
December 31, 2013, 8 PM
Bar Charlotte, Charlotte, NC
Considered the biggest party of the year! Online advance ticket sales will start soon. You can contact 704-342-2557 for more details.
New Year’s Eve at Hilton Charlotte University Place
December 31, 2013 to January 1, 2014, 12:30 AM
Hilton Charlotte University Place, Charlotte, NC
Enjoy the best of New Year’s Eve traditions with their annual New Year’s Eve party featuring a lavish dinner buffet, live entertainment, four hours of open bar, champagne toast and a balloon drop at midnight. They also offer exclusive “Platinum Package” includes deluxe overnight accommodations for two and breakfast on New Year’s Day! Call 704-547-7444 for inquiries. Prices vary per package. Age suitability is 21 years old and above.
This week on December 19th there will be a HUD Homebuyer webinar hosted by Nancy Braun, Owner of Showcase Realty, perfect for homebuyers and investors. In this Webinar we will discuss who can purchase HUD homes and when. Myth battles fact in common misconceptions about HUD homes.
Did you know?
-HUD does not provide direct financing to buyers of HUD Homes.
-Almost anyone can buy a HUD home.
– You can purchase a HUD home at a 50% discount from the original list price if you meet certain qualifications.
-You can purchase a home with just $100 down!
We will also be discussing different investment strategies and discuss a very common “Get Rich Quick” strategy made popular by TV shows. We will also advise you on what investment properties to avoid and the realities of being an investor. You will be a LANDLORD at some point (if you want a steady income property).
Much more will be discussed at the FREE HUD Home Buyers Webinar! Attend it on Thursday December 19th at 2-3 PM! You will also receive a FREE HUD Tool Kit after the Webinar so don’t hesitate to register for the event today! https://attendee.gotowebinar.com/register/8895772902378965762
Did 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:
On the other hand, the downside of renting was also discussed.
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.
Come Join Us! For FREE agent sales training on HUD Homes at our South End office. Lunch provided.
* Discover the secrets to closing more HUD transactions
* Understand the selling process to maximize your results
* Learn to navigate HUDHomesStore.com
* And Much More…
Every Halloween will be the same; at least in the fact that there will always be trending costumes that you can’t help but notice. Last year the top trending Costume was Psy, particularly from his world famous video “Gangnam Style.” It was definitely amusing seeing bright colorful suits and people walking / dancing up to your door to get some candy. This year we will be seeing a lot of pop culture references, more than usual, and thankfully gone is the era of the sexy cat/policewoman/nurse!(of course there are always those persistent few..) None the less, I thought it was best to prepare you folks for what you are about to see tonight.
Minion- “Despicable Me” These little guys will be everywhere this Halloween. So much that you will believe you have found yourself in the “Despicable Me” world! These costumes are number one this year in popularity and have numerous tutorials on the web on how to be a minion this Halloween.
“The Great Gatsby” Thanks to the ever popular movie, this year many fans or just fans of the era in general will be dressed in glitz and glam. Flappers and dapper fellows will be gracing us with their presence this year and you better believe they will be ready to party!
“Breaking Bad” This year marked the last season of the very popular cult show and many fans will pay tribute to its characters. Biohazard Costumes will be everywhere, so remain calm when you see one at your doorstep shouting “trick-or-treat”, most likely it’s a trick-or-treater, not a government scientist who has some bad news for you; pay attention to context clues!
“Miley Cyrus” I don’t think anyone is surprised that this made the list in the least. After the highly controversial VMA’s performance and her constant presence in the media in the weeks following, I’m surprised it was not the “Top Costume” for this year. I guess her costume will take the place of the “sexy cat” this year, seeing as the options only vary from a teddy bear leotard to a nude colored bra and panties set.
I wonder which one of these costumes we will see this year at our Halloween Party. The party, “A Haunting Showcase”, takes place on Friday, Nov. 1 at our main office and we are all so excited for this spectacular event. There will be trick or treating in the office, dinner & cocktails, and contests! We hope you willl have an exciting and safe evening tonight. Happy Halloween!
Fall is a time for sweeping up fallen leaves and baking the perfect pumpkin pie, to look forward to the terror of Halloween and the frightening gathering of your family for thanksgiving. This is a time to give and a time to enjoy. It’s a time to take full advantage of the scenery and to get out and enjoy the colors and the weather. Why not experience all The Queen City has to offer and enjoy days filled with relaxation and seasonal traditions?
The NoDa Fall Music Fest
This festival is for all you music lovers out there! There will be 100 artists and bands performing live in multiple venues. The festival is a 3 day event, which is celebrating its 11th year of delivering the best music and digital media industry education and networking in the market. If you are interested as a performer or as a business owner this is an opportunity you cannot miss, as well! Take full advantage of this wondrous event and give your soul its much needed tunes. Nov. 8- Nov. 10
For more information and a list of bands visit their website at: http://www.midatlanticmusic.com/
Charlotteans know full and well they live in the country and, thankfully, that means a wide variety of farms to visit and browse through their bountiful pumpkin patches. Pumpkin picking is an age old tradition that we used to do with our parents and our parents’ parent’s. It’s a tradition that you want to pass down to you children and your children’s children. It is a very family oriented experience and a great way to get your kids excited for the changing season. This is an innocent pleasure that will surely be one of your children’s fondest memories of fall, and if your kid is a chatter they will tell all of your family and friends how he picked his perfect pumpkin (Your welcome). Hodges farm is a great family farm complete with farm animals, horses, pumpkin picking in the fall and Christmas trees in the winter.
Click here for more information on Hodges Farm.
Tour the Mountains
The mountains in the fall are, personally, one of the most beautiful picturesque views I have ever seen in autumn. For those hikers and campers, fall is the perfect time to go since it isn’t too hot, nor is it too cold; it’s that perfect state of limbo. Grandfather mountain is the most popular with its high peaks and panoramic views, it will get a little chilly in the evening so, like my boy scout brother says, always be prepared! Little neighboring towns will solve your hunger needs or you can picnic near the mountain and watch one of the many tranquil waterfalls scattered in the North Carolina Mountains. Don’t forget to bring your Camera for the many Kodak moments that will arise with your first step on mountain terrain.