CarolinaMortgageConnection.com

Archive for December, 2007

Recently, the Charlotte Observer had an encouraging article by J.W. ELPHINSTONE of the Associated Press pertaining to our Charlotte market!

In his article, Charlotte bucks housing trend; Home values grew while other cities saw declines, Mr. Elphinstone writes the recent S&P’s index of  housing prices in 20 metropolitan areas reveals that five cities, including Charlotte have increased! Read the rest of this entry »

Northstone is a beautiful Huntersville neighborhood consisting of approximately 964 homes that were built from 1996 up until 2005.  Northstone has a private country club that you can find more information on at www.northstoneclub.com.

There are currently 31 homes on the market in Northstone.  These homes average 2,998 square feet and have an average list price of $381,341.  Read the rest of this entry »

One of our new fabulous Uptown condos began Closing on sales that were posted back in 2005!  What a great time of year for Closings, right?!  Well, during the long time span between the signed Contract and the final walkthrough, my clients decided that a relative who was a ‘home inspector’ would do their home inspection for them; they didn’t want my inspector even after begging for months!  After much ado and arriving at the final walkthrough, I found that the inspection had not yet been done!  Her relative had told them that they didn’t need one since it was new construction!!  Some ‘inspector’ huh?!

“$300. for a service that could save you thousands in the long run, is SO worth it,”  I kept repeating to them!

Their response, “But, WHY do we need an inspection on new construction?–I can see everything and it looks fine!”  Read the rest of this entry »

Saturday’s Charlotte Observer had a very interesting article by Allen Norwood which proves my recent point about the Charlotte market!

In his article, Price trends? Area stats among nation’s best, Mr. Norwood sheds light on a recent press release by the National Association of REALTORS®, reflecting on our market having experienced one of the strongest single family price boosts in the nation!  Our third quarter 2007 average SFH was up 11% from third quarter 2006.  Unlike other markets that are somewhat depressed, Charlotte Read the rest of this entry »

Historically, Charlotte real estate has not followed market trends as in other cities in the U.S. due to our constant influx of banking transferrees and many other Fortune 500 Companies (we have over 300 represented in Charlotte).  

Charlotte, NC real estate is not experiencing nearly the problems that other cities are currently experiencing but, Read the rest of this entry »

Do you cringe when you have to go into your garage?  Can you not even park in your garage because of all the junk spread all around the room?  Well, its time for you to reconsider fixing it up and making it the place you hold your next party. Yes, the next big thing is in fact making your garage functional with flooring, cabinetry, lighting, heat and a/c, and even decorations.  Unfortunately, the garage is the most ignored room in the house.  Builders are only placing the minimum amount of lighting in the ceiling, some are not drywalled, and don’t get my started on having enough electric outlets.   Read the rest of this entry »

Special Contribution Article

The concept is a good one.  With lot sizes growing increasingly smaller, the need for a uniform code is crucial to prevent a neighbor from devaluing many homes in a subdivision.  We’ve all seen it driving around…the one house painted a bright, obnoxious color with a few cars in the front yard and a couch on the front porch for good measure.  No one intentionally wants to live next to that guy.  However it seems that associations have eroded homeownership rights continuously as time goes by.    Read the rest of this entry »

Today, one of my first time homebuyers was doing a home inspection on a foreclosed home he was purchasing. The home seemed like a great deal and, as is the case with most of these homes, was priced well below market value. I had the electricity turned on so that we could test all we could in the property and see a little bit better. As a started to head for the garage, the inspector ran in.   Read the rest of this entry »

For the last five years, many homebuyers have only needed enough money for a home inspection, a earnest money deposit and a appraisal to buy a home. Unfortunately, last quarter’s mortgage meltdown caused the mortgage industry to act swiftly to make it a little more difficult for first time buyers to purchase their first home, but not impossible.  Read the rest of this entry »

Wishing all who read this a great Holiday Season and a tremendous 2008. To those I have worked with and worked for, thank you for a great 2007. For those of you that I have not yet had the pleasure of meeting, I look forward to meeting and working with you / for you in 2008.

God bless you and your family this holiday season.

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This Holiday Wish is brought to you by Ed Nailor, of The Carolina Mortgage Connection. Dedicated to educating, inspiring and assisting in the American Dream. - "when time and money really matter"

Ed Nailor

We know Charlotte Mortgage Loans

877-411-9327 Phone or visit http://carolinamortgageconnection.foundbydesign.net/