Posts Tagged ‘cities’

Moving to Concord NC?

It seems more and more people are doing just that! Concord NC and Cabarras county are growing! As a matter of fact, Cabarras county NC is ranked as the 29th “fastest growing counties” in the country!

This is no surprise to anyone that lives in the Concord / Charlotte area. Concord NC has so much to offer. Concord is very well known for NASCAR racing, with many NASCAR teams making the Concord area home. Shopping at Concord Mills is a treat in itself, as many shoppers plan day trips to the very unique outlet mall. There are also many area lakes to enjoy. An easy life awaits anyone looking to move or buy a home in Concord NC.

Concord’s real estate market is hot. Being so close to Charlotte but having lower property taxes makes Concord NC a great draw to new residents. And with the increased limits to Concord FHA mortgage loans, a home buyer can buy a home in Concord and get great FHA mortgage loans up to $303,750. This allows a very large selection of beautiful homes to qualify for Concord FHA mortgages.

If you are thinking of moving to the area, seriously consider Concord NC. Great shopping and entertainment, combined with great mortgage programs in Concord are making this area grow fast! No wonder the Concord NC area is the 29th fastest growing area in the country!

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Concord NC gets increased FHA mortgage loan limits

Earlier today, HUD released the updated FHA mortgage loan limits for the Charlotte-Gastonia-Concord metropolitan area. Now FHA mortgages in Concord can go up to $303,750. That is terrific news for this area, for both home buyers and home owners.

Home buyers should really enjoy this. Concord NC is a great area to live.  According to information from City-Data.com, the new FHA mortgage limits for Concord will now allow roughly another 1,500 Concord homes to qualify for great FHA mortgage financing. With low rates, easy financing terms and affordable low monthly mortgage insurance payments, Concord FHA mortgages can open a new door for those that might not otherwise qualify to buy a home!

Concord FHA loans also allow a home buyer to purchase a HUD foreclosed home in Concord with only $100 down. This special program waives the required 3% down payment, making home ownership even more affordable!

Homeowners in Concord now have more options. With the new FHA loan limits in Concord, home owners can qualify for a cash out refinance loan up to $303,750 and up to 95% of the property’s value! With the FHA cash out refinance in Concord, there are no major interest rate adjustments for cash out, making the FHA mortgage rate in Concord much more appealing than conventional mortgages. And conventional mortgages can limit you to only 90% of the property’s value!

This is the best time ever to look into a Concord FHA mortgage loan.

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New Rules for Building a Home in Mecklenburg County 

Mecklenburg county is now requiring detailed plans for any new home being built, regardless of size. Before today, only homes of certain sizes needed to be submitted for approval. However, in a change aimed to find design flaws, Mecklenburg country must now review and approve the plans of any new home being built.

For most home builders, this will only be a hiccup. With most large neighborhood builders, the approval for each model will go smoothly. However, custom homes and homes with major changes may take a little longer. Be sure to plan accordingly.

This also applies for homeowners adding on to their homes. However, screened porches and decks may be exempt.

For more information, contact Mecklenburg County at 704-432-7822

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Real Estate Agent Terry McDonald gives a nice introduction to the Charlotte, NC area.

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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 »

The Charlotte, NC real estate market is among the strongest in the nation. Despite the national news of major slow downs in real estate buying, homes in Charlotte still are selling quite well. New homes in Charlotte are still being built and the existing homes market is still going strong.

If you are considering a move and are in need of a real estate agent, let me introduce you to the right agent to help you find Charlotte NC real estate for sale. Finding a home in Charlotte is a lot easier with a professional to help.

If you already live in Charlotte, but are considering selling your home to move up, allow me to help you. I can get you pre-approved for a mortgage so you know exactly what you can afford before you list your home with an agent. Or if you are thinking of going the For Sale by Owner route, consider using a mortgage specialist to help you in your marketing efforts. As a mortgage loan officer, I can help you in qualifying potential buyers, create payment scenarios, and even let my network of professionals know that your home is for sale.

I hope you enjoy Charlotte and all it has to offer. I look forward to working for you in this move.

Sincerely,

Ed Nailor, Mortgage Specialist

Here are a few interesting facts found from the 2000 Census about Charlotte, NC. It will be interesting to see what these numbers look like when the new census is taken. With all the groth in Charlotte, I can imagine the numbers will be much different.

From the 2000 Census, Facts about Charlotte: 

Population: 540,828

Males: 264,978

Females: 275,850

Median Household Income: $46,975

Median Family Income: $56,517

Median Value of Owner-Occupied Housing Units: $134,300

A list of utility companies for Charlotte, NC.

• Electricity: Duke Power - (800) 777-9898
• Water: City of Charlotte - (704) 336-7600
• Gas: Piedmont Natural Gas - (800) 752-7504
• Phone: AT&T (formerly Bellsouth) - (888) 757-6500
• Trash: Charlotte Garbage Collection - (704) 336-7600
• Cable: Time Warner Cable - (704) 377-9600

If you notice anything out of date or that needs correction, please contact the author with changes.

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         “When Time and Money Really Matter”

Charlotte, NC is a complex city, with the charm you’d expect from a southern community. With its strong financial foundation and cultural diversity, Charlotte appeals to most anyone and has seen a great influx of newcomers to the city. The population in Charlotte has boomed, making it the largest metropolitan city in both North and South Carolina!

Charlotte plays host to several major financial powers, including Bank of America and Wachovia, and is now the second largest banking city in the US, second only to New York. More and more businesses and financial companies are moving into the area to take advantage great tax implications and a cost of living that entices a strong workforce.

Although much has been made lately of the housing industry, Charlotte has enjoyed a steady growth in housing and property values. Growth has been slightly above moderate, but with the constant addition of new residents to the area, Charlotte real estate should be fairly protected from any sort of housing “bubble.” Long term views put Charlotte among some of the best places to invest in real estate in the United States.

Charlotte offers many means of entertainment. With shopping, museums and sports recognized on a national level, Charlotte is highly regarded as a strong tourist attraction within the SouthEast. Shopping includes a great selection of local malls and outlets, while sports range from the NLF and NBA to the US Whitewater Center. There seems to be something for everyone in Charlotte.

If you are thinking of moving to the Charlotte area, you will be welcomed with open arms. The people are friendly and inviting. And while it is a major metropolian city, it still retains an old small town feel in many ways.