Posts Tagged ‘real estate’

A Step Forward 

Dear friends, clients and partners;

It is with great excitement and anticipation that I am pleased to announce that the Carolina Mortgage Connection has joined Residential Mortgage Center in Charlotte, NC.

Residential Mortgage Center is a licensed Mortgage Lender serving both North and South Carolina and is located at 205 Regency Executive Park Suite 200 Charlotte, NC 28217.

With this move to Residential Mortgage Center, we will continue to offer the best mortgage rates and service in the Charlotte area! In addition to that, there will be on site loan processors to get your mortgage loans closed faster than ever!

Greater Flexibilty

Working with a mortgage lender will give us greater flexibility in the marketplace. In today’s volatile mortgage market, flexibility will be a key difference in getting results! With the ability to adapt mortgage programs to fit the individual needs of our borrowers, the Carolina Mortgage Connection can custom tailor the right program just for you! And because you are working directly with the lender, mortgage rates will be more competitive than ever!

Focused on You 

Change can be a scary thing. But in this case it is very exciting! This business maneuver will allow us to focus on providing our clients and partners with unparalleled service while allowing us to pursue our mission of educating, inspiring and assisting in the American Dream!

As always, you can always contact us by calling 877-411-9327 or via the website at www.EdNailor.com

Sincerely,

Ed Nailor

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!

{{fha-concord}}

90,000 Union County Properties Notified of Revaluation

Around March 17, some 90,000 Union County property owners will be notified of the new property values by which the county will base their taxes. For many people, this could be mixed news. While a higher tax value on a property can be a good indication of the real estate’s appreciation, this can also mean higher taxes will be charged to the owner.

In North Carolina, counties are required to reassess the value of real estate every 8 years. In some counties with fast growth, counties are doing it more often. Union county is one of the fastest growing counties in the state and currently are reappraising the value after only 4 years.

Union County’s growth is due to the lower real estate taxes, great school reputations and the proximity to Charlotte. Some of the major towns in Union County include Monroe, Waxhaw, Weddington, Marvin, Indian Trail, Stallings, Wingate, and Wesley Chapel. There are over 80 communities within Union County. The Union County real estate market is solid right now and offers a great value and alternative to buying a home in Charlotte.

Property owners in Union County are permitted to challenge the assessment if they feel the value on their property is too high. For more information on how to challenge your property’s value, call Union County at 704.283.3546.

Tips for your Charlotte Home Search

Looking for a home in Charlotte? Here are a few tips to help you with your home search in Charlotte.

• Search for a Charlotte Home online.  More than 70% of home buyers begin their home search on the internet. With so many websites dedicated to real estate, you can easily search for a home at your computer. Many websites now offer access to the Charlotte MLS, the area’s multiple listing service.
  (view homes for sale in Charlotte)
• Allow a Realtor to search Charlotte homes. A home search in Charlotte will be much easier with a Realtor that knows the area and knows the market. Realtors have access to the complete Charlotte MLS. In addition to the knowledge of the area, once your Charlotte home search is narrowed down to the home you want to buy, a Realtor acting as your buyer’s agent can look out for your best interests.
  (request a Realtor referral)
• Search for a home in your vehicle. One way to know what areas of Charlotte you may be interested in is to drive the neighborhoods. While some of the roads in Charlotte can get confusing, driving the roads will make your home search in Charlotte a real adventure. And along the way you can discover the local stores, parks and other amenities.
  (get local Charlotte information)
• Ask your lender. Yeah, your lender. Most mortgage lenders work with local Realtors and investors. In many cases your lender can know of homes that even Realtors are not aware of. This can make your Charlotte home search more broad and open.
  (ask your lender for help)
• Get Pre-approved for a Charlotte Mortgage. Seriously, if you are looking for a home, get pre-approved! This will allow you to know how much you can afford and how much it may cost. This also places you in a position of strength when it comes time to negotiate the terms of your purchase.
  (apply online or call 877-411-9327)

Misleading News Headlines

I have written about the misleading nature of the current news media for some time now. The news media today is no longer worried about providing real news. They are more worried about eye catching headlines and the ability to keep you around long enough to sell more advertising.

Case in point… Fox News at 10am in Charlotte NC, last night. Now I really don’t watch a lot of news as I consider a lot of it to be misleading and unreliable. But as I was doing the dishes, it was background noise. Then the teaser… “Coming up next, find out what pop idol Miley Cryus,  better known as Hannah Montana, was caught doing that makes you wonder if there are any stars your children can look up to!”

Immediately, I wonder… what did she do? There were rumors of pregancy, but I doubted it could be that. Drinking, drugs, partying, sex? What in the world would this young lady that seems to have her head on straight have been caught doing? Maybe at worst she was smoking…

“Welcome back to the News at 10. Pop Star Miley Cirus (Hannah Montana) was caught doing something that makes you wonder about teen idols.” Again… what did she do? This must be something big… they are teasing the hell out of it.. sure sounds big…

She was caught.. are you ready for this? Driving without a seatbelt! OHHHHH NOOOOO! The horror.. the shame! What in the world will we do now? How could our young girls ever look up to such a horrible example???

Or better yet, how in the world can we as intelligent people continue to count on the news media for… well, news?!?!

I share this to emphasize what is going on in the housing and mortgage markets today. Yes, there are issues and yes things need to be addressed. But if you listen to all the talking heads in the news media, the real estate and mortgage markets sound like they have crashed and burned! Why in the world would you consider buying a home in this market???

Simply put, NOW IS THE BEST TIME TO BUY A HOME IN CHARLOTTE NC! The rates on a 30 year mortgage are still around 6% or less for most Charlotte home buyers and there are so many homes for sale in Charlotte! You could not ask for a better time to make your Charlotte home purchase!

What about refinancing? NOW IS THE BEST TIME TO REFINANCE YOUR CHARLOTTE MORTGAGE! If you have a rate over 6.5%, or an adjustable rate mortgage, you really need to get a free mortgage analysis right away! With Charlotte mortgage rates so low, you could save thousands of dollars!

or Call 877-411-9327

Special Contribution Article

Eastover, located southeast of Charlotte’s Center City, formerly two dairy farms, (also formerly Myers Park Eastover), was developed by E. C. Griffith in 1927.  From the days of Earle Sumner Draper, the Southeastern US ‘premier’ urban planner to present day, Eastover has been the home of some of Charlotte’s most elite.  From cotton brokers to bankers to attorneys, the facilitators of Charlotte’s growth have resided in Eastover.  E.C. Griffith sought to create Eastover as a competitor to Myers Park.  Charlotte was headquarters to 770 textile mills, consuming more cotton than any other sector of the world.  In 1927, the piedmont North and South Carolina, officially surpassed New England in cotton cloth production.  Read the rest of this entry »

Special Contribution Article

1. Take your time…  Many Buyers in 2007 felt ‘rushed’ to make a decision to purchase property for fear that they would either get into a bidding war or the ‘cream of the crop’ would fly off the market.  We have a bit more time in 2008. Read the rest of this entry »
   

Special Contribution Article

So, Hawaii and Florida may be known as ‘vacation’ states but, North Carolina is now the TOP ‘migration’ state!  A recent study by United Van Lines revealed that in over 200,000 interstate moves, NC had the largest number of newcomers and the least number of residents leaving the state!  Charlotte, The Queen City, and the largest city in North Carolina, has been extremely popular due to economic and job growth.  In a recent interview, the Charlotte Chamber of Commerce VP of research, Tony Crumbley, stated that it is ‘fact that we are creating jobs and our quality of life’ are other draws to our beautiful city.  The fact that our region enjoys a four-season year is also a big draw.  Read the rest of this entry »

ATTN: POTENTIAL CHARLOTTE NC HOME BUYERS

NOW IS THE TIME TO BUY!

Seriously, what are you waiting for? Your Charlotte home search just got simple. Heck, get out and drive any neighborhood you like and you will see at least one home for sale! It is amazing just how many homes are for sale in Charlotte! The selection we have right now is not like anything we have seen in quite some time! And sellers are willing to negotiate! THIS IS A BUYER’S MARKET!

Read the rest of this entry »

Bank of America has agreed to purchase Countrywide for roughly $4.1 Billion. So this makes Bank of America the largest bank in America in regards to mortgages. Many industry analysts have spent much of 2008 speculating on the impact this will or will not have on the market.

And yet… this is not a “done deal” just yet.

Read the rest of this entry »