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Month: January 2009

Contingent Sale

By in Information For Buyers with 0 Comments

I had a question from one of my listing owners the other day about how contingent sales work.  Seems that it might make sense to write a brief post to clear this particular option up for folks. I would imagine there are more of you out there with the same questions. First, let me say […]

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Timing The Market

By in Information For Buyers with 0 Comments

  Ask anyone in real estate today and they will tell you unequivocally that we are in a “Buyer’s Market.” The indicators that make that so are high inventory, falling prices, and low interest rates. So why aren’t buyers buying? A lot of potential buyers are operating from a place of fear, afraid that they […]

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For Sale By Owner

By in Real Estate Talk with 0 Comments

Thinking about trying to sell your home yourself, without the aid of a real estate professional? A lot of folks choose this avenue, for differing reasons. In some cases, the difference between the home’s market value and the amount owed is not great enough to be able to pay a listing fee. Others have had […]

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Mortgage Rates Update

By in Real Estate Talk with 0 Comments

Thinking about buying a home? Here are recent mortgage rates on several different loan products, provided by Kim Peschock, our Century 21 Mortgage Advisor*: Conventional Products: ·        30 year Fixed Rates:    around 4.875%                       ·        15 year Fixed Rates:     around 4.625%   VA/FHA Fixed Rates:  around 5.45%     Jumbo (Loan Amounts of $417,000 and up) […]

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Pricing Your Home Correctly

By in Information For Sellers with 0 Comments

One of the hardest realities of today’s economy for people to grasp is the effect the recession is having on home prices. In discussion with people in a group, everyone agrees that home prices are falling, albeit much less here in the Lake Norman area than in other parts of the US. But cull one […]

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Buyers- Do Your Research

By in Information For Buyers with 0 Comments

Here’s a few tips for buyers looking in today’s real estate market that will help you make better decisions and use your time more efficiently. Since there is still a healthy inventory of homes for sale in the Lake Norman area, it’s not hard to find several properties in the same neighborhood that fit your […]

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Charlotte Area Home Price Trends

By in Market Statistics with 0 Comments

This news comes from a Charlotte Observer article dated December 30 by Stella Hopkins: According to the most recent S&P Case-Schiller Price Index, homes in the Charlotte area, including the Lake Norman region, fell 4.4% in October versus 2007. While this represents the biggest drop in pricing so far, it is nowhere near the 18% […]

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