This post is not designed to provide market analytics on fancy spreadsheets, or charts showing market conditions. It is my anecdotal observations of the real estate market in the Lake Norman area as 2011 winds down. The fourth quarter is usually considered to be rather slow for buying or selling homes, but that is not [...]
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According to a recent article in the National Association of Realtors® online magazine, Realtor®Mag, The National Association of Home Builders is debuting a new economic index that highlights metro areas that are seeing the most improvement in their housing markets. The First American Improving Markets Index reveals 12 metro areas that have seen a turnaround [...] If you live in the south or the southeast, and are in the real estate business, sooner or later you will encounter a home for sale that is sided with synthetic stucco, or as it is also referred to, EIFS. EIFS stands for Exterior Insulation and Finishing System. This product has been around for at [...] What is a title search, anyway? Why do home buyers have to pay an attorney to perform this task before they close on a property? Title searches are done to determine the answers to three important questions: 1-Does the seller have a saleable interest in the property? Hopefully, the listing agent for the property will have [...] Have you ever taken the time to Google your address? A recent message I received from www.trulia.com, a very popular home search website, provided several reasons why it would be a good idea to see what you can find out by searching your address. For example: 1. Megan’s Law. Find out who is living in your [...]
If you own a home, are looking for a home, or are thinking about selling a home in the Lake Norman area, here’s some current market information that may help you know what to expect in today’s market. This data is as current as June of this year, so it’s fresh information.
I heard a story the other day about a buyer all set to go to closing until she found out that there was radon present in the home. Because she was still in her due diligence period, she terminated the contract. It turns out that the test performed to determine Radon levels showed that the [...]
Independence Day 2011 is fast approaching. For most Americans that means parades, cookouts, and fireworks. But it should also be a time of reflection on how fortunate we are to live in a country that with all its shortcomings is still the best place in the world to live. From the very beginning over 230 years [...] I received an email a few days ago from a client who lives in France, but is looking at Lake Norman waterfront homes for a relocation in the near future. She asked if I had seen any price decreases on homes in the vicinity of the McGuire Nuclear Plant operated in Huntersville by Duke Energy. [...] Last week I read an article by Allen Norwood written in the Charlotte Observer that I felt made an inaccurate generalization on how due diligence fees would be negotiated using the new Offer to Purchase approved by the NC Real Estate Commission. In that article Mr. Norwood suggested that the “norm” for due diligence money [...] |
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