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buying in charlotte nc: Real Estate Agent Ratings...What's their worth? - 10/11/11 01:20 AM
So you came across websites that allow the public to "rate" real estate agents, and you think this is a good idea?
Well, let's examine closely exactly what these sites are saying, and then rethink your answer.
Most of these websites are not even real estate company websites. Most are private firms in the business of making money for their clients, who happen to be investors, or private owners.
They know they need timely, and accurate real estate data in order to forcast, or predict investment returns for their clients, and so, they look to REALTORS, or real estate agents for … (2 comments)
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buying in charlotte nc: Why Finding the Right Realtor is Key... - 05/10/10 12:17 PM
Sure, anyone can buy real estate, but there is an art to buying real estate, besides just looking in the classifieds, Craig's list and other internet websites, or driving around town. Don't find out the hard way that you could have avoided some mistakes had you hired a Realtor that knows what she's doing.
You need to understand, When an investor plans to buy a house, he or she is buying to rent it from the day they close the deal. There is no real concern about issues that may be important in the long run. Investors buy property based on … (1 comments)
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buying in charlotte nc: What About Credit Score Points...How Are They Rated? - 05/07/10 10:54 AM
So you thought about buying a new home, but have had some credit issues in the past like late payments on your credit cards and car loan, have had a foreclosure, or even filed bankruptcy. How does these things affect your score and by how much?
Well, according to FICO (Fair Isaac Corporation), your score is made up of different elements that you should understand better. This knowledge may get you thinking a bit differently as to how you treat your credit obligations, and why.
Here's is the breakdown:
Payment History = 35%
Amounts Owed, or Total outstanding amount of debt … (1 comments)
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buying in charlotte nc: Southwest Charlotte Market Update - March 2010 - 05/03/10 11:13 PM
For the SW Charlotte area, the following is the real estate market report:
48 properties SOLD!
Average Square feet = 2017
Average Bedrooms = 3
Average Baths = 2 full, 0 half
Average LIST PRICE = $162,456
Average SOLD PRICE = $156,694
Average DAYS ON MARKET = 69
The Average SALES PRICE for the same month, one year ago (March 2009) was $152,163. That's a 3% increase! Nice and steady growth!
If you are considering selling your current home, or are interested in purchasing in the SW Charlotte area, I'd love to discuss the local real estata market and ways that … (0 comments)
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buying in charlotte nc: Northwest Charlotte Market Update - March 2010 - 05/03/10 10:58 PM
The following information is for the NW Charlotte real estate market:
45 properties SOLD!
Average Square feet = 1699
Average Bedrooms = 3
Average Bathrooms = 1
Average LIST PRICE = $102,775
Average SOLD PRICE = $99,723
Average DAYS ON MARKET = 96
The Average SALES PRICE for the same month, one year ago (March 2009) was $119,060. That's a 14% decrease.
The Northwest Charlotte area is an up and coming part of Charlotte, that I feel is under rated. If you are a first time buyer and would like to learn more about this area, or you are a homeowner … (0 comments)
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buying in charlotte nc: University area Market Update - March 2010 - 05/03/10 10:46 PM
For the month of March 2010, here is the market report for the University area:
43 properties SOLD
Average Square feet = 2264
Average Bedrooms = 3
Average Baths = 2 full, 0 half
Average LIST price = $182,145
Average SOLD price = $175,531
The average SALES PRICE for the same month, one year ago (March 2009) was $161,889. That's an 8% increase! That's awesome!
If you are considering selling your home, or interested in purchasing in the University area, I'd love to discuss the local real estate market and your options to help you achieve your real estate goals.
Contact … (0 comments)
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buying in charlotte nc: Ballantyne Market Update - March 2010 - 05/03/10 10:34 PM
For the month of March, the following data reflects the Ballantyne area real estate market:
49 properties SOLD
Average square footage = 2797
Average Bedrooms = 3
Average Baths = 2 Full, 0 Half
Average LIST price = $319,468
Average SOLD price = $305,052
Average DAYS ON MARKET = 98
The average Sales Price for the same month a year ago (March 2009) was $333,713. That's a 9% decrease.
Keep in mind these are month to month comparison. Numbers will fluctuate over time.
If you're considering selling your current home, or looking to buy in the area, I'd be more than … (0 comments)
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buying in charlotte nc: Think You Know More Than Your Realtor? - 04/28/10 06:24 PM
Well, answering that question may be hazardous to your health.
If you're in the market to buy, working with a Realtor will be one of your best choices. In today's real estate market there is lots to learn, and real estate is simply not a "Do-It-Yourself" network!
With foreclosures still on the rise, high unemployment rates, and somewhat desperate people trying to still figure out which way is up, walking into a "deal" to purchase real estate without a Realtor could turn into a nightmare.
Of course if you have experience purchasing property for reasons such as investments, your approach may … (1 comments)
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buying in charlotte nc: The Tax Credit...Will It Be Extended? - 04/28/10 06:05 PM
I strongly feel that it will not for a couple of reasons:
1) Last year 2009 when the tax credit was about to expire, I would say there were talks, or a buzz about its extension in my industry about a month prior to the expiration date. This year, there is no chatter.
2) The IRS stopped processing the tax credit once they were confronted with new issues that stemmed from the extension. The extension forced the IRS to add /subtract more items to its form in order to process the credit, plus find ways that identified fraud. The new IRS form … (0 comments)
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buying in charlotte nc: Working With Real Estate Agents - 04/26/10 06:03 PM
Ok, so you've decided to buy a house and know the best thing to do is work with a Realtor. Good choice! Here are some things you need to know when working with Realtors:
1) Relax! Realtors have a Code of Ethics that you can assume will keep them in line while working on your transaction. Included in their Code are rules and guidelines, that if violated will be reprimand and can possibly cost them to loose or suspend their license.
2) Read your documents your Realtor gives you. Buying a house is nothing to be taken lightly, nor to the extreme of … (1 comments)
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buying in charlotte nc: Tax Credit Countdown - 04/25/10 07:55 PM
There is approximately 5 more days before any purchase is eligible for first time home buyers $8,000 tax credit, and $6,500 tax credit for homeowners purchasing a new home. The crunch is on!
Over the past couple months, I've had people ask me if the tax credit will be extended again. I tell them there is no talks about it in my industry like the last time the credit was extended. I say to them, "I truly believe this is it?" Some believe me, and some don't. They think its another plot the government plans to use to trick buyers into buying … (2 comments)
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buying in charlotte nc: What is Hazard Insurance? - 04/20/10 09:25 AM
As a buyer of real estate, it is always good practice to insure everything you can think of! Banks insure their investments by making sure the borrower takes mortgage insurance. This type of insurance insures that if the borrower does not have at minimum 20% equity, i.e. Down Payment in the deal, then mortgage insurance is mandatory. This insures that if the borrower is not able to make mortgage payments, at least the bank can reposses the property, and hopefully sell it in time to still make money on the deal. Banks are in business to make money, not spend money.
For … (0 comments)
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buying in charlotte nc: So Mr/Mrs. Seller, Do You Want To Sell Your House Or Not? - 04/10/10 12:24 PM
Then why do you cancel viewings when I call the appointment center to schedule a showing with my BUYERS who may be interested in BUYING your property??!!! Do you really understand the possibility that I just may have that BUYER that is serious about buying your property?
Why is it an inconvenience to leave the property, or not come home for just an hour while your house is being shown by a licensed real estate professional? All you're doing is making it harder for you to sell your house. And your agent, if they are signed to an exclusive right to … (4 comments)
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buying in charlotte nc: Northwest Charlotte Market Report - March 2010 - 04/09/10 08:33 AM
For the month March 2010, the following is the market update for Northwest Charlotte:
There were 45 properties SOLD!
AVERAGE SQUARE FOOTAGE = 1,699
AVERAGE # OF BEDROOMS = 3
AVERAGE # OF BATHROOMS = 1 FULL, 0 HALF BATHS
AVERAGE LIST PRICE = $102,775
AVERAGE SALES PRICE = $99,723
AVERAGE DAYS ON MARKET = 96
THAT'S A 9% DECREASE IN PRICE DIFFERENCE FROM THE PREVIOUS MONTH OF FEBRUARY.
AND A 16% DECREASE IN PRICE FOR THE SAME MONTH, ONE YEAR AGO.
THE NORTHWEST CHARLOTTE AREA IS A GREAT PLACE FOR FIRST TIME BUYERS, AND NOW IS A GOOD TIME TO BUY.
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If you'd like … (0 comments)
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buying in charlotte nc: Ballantyne Area Market Update - March 2010 - 04/06/10 02:39 PM
For the month of March, the Ballantyne Area market report is as follows:
49 Properties SOLD!
AVERAGE SQUARE FEET = 2797
AVERAGE BEDROOMS = 3
AVERAGE BATHROOMS = 2 FULL, O HALF BATHS.
AVERAGE LIST PRICE = $319,468
AVERAGE SOLD PRICE = $305,052
AVERAGE DAYS ON MARKET = 98
That's an 8% DECREASE for the same month a year ago (MARCH 2009).
And a 10% DECREASE from the previous month of FEBRUARY 2010.
… (0 comments)
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buying in charlotte nc: University Area Market Update - March 2010 - 04/02/10 08:59 AM
For the month of March, the University area's market update is as follows:
56 Properties SOLD.
Average Square footage = 2242
Average Bedrooms = 3
Average Bathrooms = 2 Full, 0 Half.
Average List Price = $181,190
Average Sold Price = $173,912
Average Days On Market = 118
That's an 11% price increase from the previous month of February.
And a 7% price increase for the same month March a year ago, in 2009.
Looking Good University area!
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Looking to buy property in the University area, or would like more information before making your decision? Contact Raine Spivey, local real estate expert at (704) … (1 comments)
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buying in charlotte nc: And Then There's Closing... - 03/31/10 09:30 PM
After finding the house of your dreams for you and your family, negotiations, inspections, loan processing, under writing, repairs and requests, you are finally ready to close the deal...sign on the bottom line, and MOVE IN!
Here are reminders:
1) Switch utilities in your name.
2) Change locks on all exterior doors.
3) Deep clean carpet and entire house.
4) Install security system.
5) Let family and friends know your new address.
Oh, and most importantly, TELL LISTING AGENT TO COME GET LOCKBOX OFF YOUR FRONT DOOR! (some tend to let lockboxes linger for a day or two...when it should be … (1 comments)
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buying in charlotte nc: Loans & Financing When Buying Your Home - 03/19/10 08:07 AM
There are different loans a borrower should learn about before actually obtaining one! I've had plenty of buyers in the past not know what type of loan they were getting from a lender that pre-qualified, or pre-approved them before they hired me.
IS THIS FOR REAL? Yes it is! Most recently, I had a couple that got a pre-approval through one of those online quick loans companies on the web, that told her what she wanted to hear. Great! I'm thinking, they are good as gold. We go shopping for a home. We find one they absolutely love. We write the Offer. … (3 comments)
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buying in charlotte nc: Getting Your Credit Report Before Talking To A Lender - 03/17/10 10:54 PM
Now I'm no loan officer, but did get certified as a Loan Originator a couple years ago. Some things I remember from my course, others from real world experience. Like, if you want a loan from anywhere, you must have a good credit score. And "good" means above 660, and that's not really consider "good". "Good" really means a score of 720 and better. But how many of the U.S. population has over a 720 crdit score?...surprisingly, according to my lender source, more than half of the population has a credit score of over 700!
So before you can actually say … (0 comments)
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buying in charlotte nc: When Buying a Foreclosure - 03/12/10 10:48 PM
Buyers, I know you've heard now is a great time to buy a house, especially a foreclosed house. Well, that may be true, but there are some things you should know when buying a foreclosure.
Now you must know the difference between a Pre-Foreclosure vs. Foreclosure. Homes that are considered "pre-foreclosures" may take some time before you can actually close on the transaction. In these days and times, banks have agreed to allow the property to sell at a price lower than the market value, or what is owed on the loan. This is what is known as a "short sale.' These … (7 comments)
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Raine Spivey, REALTOR
Charlotte,
NC
More about me…
REIGN REALTY
Address: 15720 John J. Delaney Drive, Charlotte, NC, 28277
Office Phone: (704) 935-5292
Cell Phone: (704) 931-8133
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