Posts Tagged ‘Homes for Sale’

Does the Real Estate Advice Apply for Charlotte?

Have you noticed the new section of the Charlotte Observer on Sundays? They call it Real Estate Today. It’s a special advertising section for Charlotte real estate and homes for sale. Besides the listings and ads of Charlotte properties for sale, you will find a few articles about home ownership, buying a home or investing in real estate. This week they highlighted how working with a Realtor can help make the home buying process smoother.

I applaude the efforts to provide informative articles along with the homes for sale listings. But if you look closely, you will notice that the articles were mostly written from newspapers located in other real estate markets, like Milwalkee and Detroit. This should make you pay closer attention to what is being written.

Why is that a big deal? Ever heard the saying: “All Real Estate is Local”? This means that the real estate market in Charlotte North Carolina is different than the real estate market anywhere else. And today, this statement rings very true! With majority of the country in a declining real estate market, Charlotte’s real estate market is one of the few markets still growing! So getting articles from out of state does not reflect the market we are currently in!

So why doesn’t the Observer get local experts to write the articles? I don’t know. I have not aked them yet. Maybe they don’t want to offend one Charlotte real estate office by having another one write an article. That could hurt the ad space they are looking to sell. Or maybe it is so new they just haven’t found someone to help.

Either way, as a reader you must pay attention to these small details. Otherwise, if you believe everything the media is pushing right now, you would think that every 3rd home is a foreclosure that you could buy for 1/3 the price you should pay. Sure, foreclosures in Charlotte are up; however Charlotte is in North Carolina, not California and we are not seeing the kind of loss of value that California and other markets are.

Big Increase in Number of Union County $1 Million Homes

The number of $1 million homes in Union County has more than tripled since 2004. In 2004 Union County’s tax records indicated 306 homes valued over $1 million. As of the last real estate property valuation, Union County now has 1,010 million dollar properties! That’s tremendous growth!

As recently reported, Union County NC was ranked the 7th fastest growing county in the nation. With its close proximity to Charlotte’s major banking industry, its no wonder there are so many new million dollar homes!

There are many prestigious neighborhoods in Union County that have homes worth over $1 million. Weddington, NC alone  has 228 homes valued over $1 million. Roughly half of those homes are located in the Highgate subdivision.

With such growth in the region, coupled with the lower county taxes and better schools, Union County will surely see more of these types of properties. However, one should note that the median home priced for sale in Union County is around $173,000.

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With only three homes to show today, I phoned the appointment numbers yesterday to get the showings scheduled and was ready by noon for today’s tour…

All I lacked were the appointment confirmations from the listing agents on all three homes. Here’s what happened next: Read the rest of this entry »

A local Charlotte, NC area Realtor has been netting a lot more listings lately. During what most agents see as the slowest time of the year, this agent has been adding more real estate listings. Right now, he has 10 listings and has plans to have up to 20 by March!

How to get more listings

There are many tools available to real estate agents and Realtors today. The key to getting more listings is Read the rest of this entry »

Special Contribution By Jared Lee

Traditional way of selling a house is to approach a real estate broker, who will assess the value of the home and then put it up for sale. A homeowner intending to sell his house needs to pay brokerage commission to the real estate broker for getting the house sold to a prospective buyer. Most homeowners find this to be a convenient arrangement. Selling of a real estate property requires excessive knowledge in the field of real estate and high degree of commitment that many people find it hard to maintain. However, less than 20 percent of home sellers tend to go out of their way and try selling their houses on their own.

Listed below are some advantages and disadvantages of selling of a home on your own.

Advantages Of Selling A Home On Your Own

The most significant advantage of self selling is that no brokerage commission has to be paid to the real estate broker. You can take an active role in the self-selling process and the entire real estate transaction is controlled by you. However, you need to study hard so as to avoid any mistakes. By this, you can gain immense knowledge about various ins and outs involved in a real estate transaction.

Disadvantages Of Selling A Home On Your Own

1. When a seller intends to sell the property on his own, he should be able to promote the property so as to obtain a best deal. Promoting a property involves good marketing and advertising strategy, which can be expensive. Seller has to bear all these costs. In order to have the property listed on the MLS, one has to pay.

2. If the seller does not have negotiation skills, the entire transaction can be a loss.

3. Lack of experience can result in having the house under priced or overpriced. One needs to gather information from the neighborhood and the area so as to get a preliminary estimate on the home’s value. One can even get the property valuated in order to find its real worth.

4. In case of self-selling, all the paper work must be handled by the seller. While negotiating, one has to rely completely on his instincts. These instincts can sometimes be beneficial and sometimes become useless.

Check Out More Articles by Jared:
Realtors and Agents for Buyers, Highrise Investments Las Vegas, Home Selling Tips By Owner
Article Source: http://EzineArticles.com/?expert=Jared_Lee

Thinking of selling your home? If you decide to sell by owner, contact me for marketing by owner ideas and techinques. If you want to work with a broker, let me help you find the right real estate agent in the Charlotte area to help you sell your home for more money!