Jeremy's Lake Norman Real Estate Blog

Lake Norman Real Estate: I own my own lot, how can I save on building a home?

2008-08-04T14:36:36Z

Saving a lot of money while building a home on your own lot

In the present economy EVERYBODY is looking for new ways to save money. In this low point, businesses and industries are finding new, innovative ways to market themselves and reduce overhead so they can maximize profitability. In the auto industry, manufactures are starting to invest their money on energy effecient vehicles as rising energy costs have changed demand. Real Estate and Building is seeing a similar trend.

I have recently teamed up with Lake Norman Custom Builder, Greg Fisher promoting a new hybrid building program which focuses on getting clients into a house that they wouldn't normally be able to afford using a full service contract. I have not seen any other programs like this out there and it is unique to the Lake Norman area. Greg has already finished 2 homes using this program, saving the clients hundreds of thousands of dollars. Using this program, you are simply building the home "along with" an experienced custom general contractor. To put it into simple terms, it is a cross between a full service contract and building the home yourself.

The negative aspect of building a home under a full service contract is the high price that you will pay a builder. The negative aspect of building a home on your own is having a lack of experience, the inability to sell within 2 years because of tax purposes, and not having a recommended subcontractor base.

This hybrid program is designed to overcome all of these pitfalls and deliver our client into a quality built home at a reasonable cost.

Please see the Lake Norman Hybrid Building Program links for more details.

Jeremy Adair
NC Licensed GC
NC Licensed Broker
Phone: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Internet Paves path to Real Estate Success

2008-08-04T13:52:37Z

Internet is Real Estate way of the future

I recently came across a great article in the Herald which is a local Lake Norman publication. I'm going to put up some of the findings of the article.

- 80% of buyers look on the internet for real estate.
- Many homeowners are now trying to sell their homes as FSBO's and trying to avoid paying commission, although homes represented by agents historically sell faster and for a better price.
- The best thing to do in the current market is to select an Internet-savvy real estate agent to represent you.
- Buyers and sellers should use the internet to find an agent, because if you can find them online, so can others.
- It is the time to buy. The inventory is flooded on the market and now is the time to find a great deal.

Some of this information is pretty basic, but it shows that our economy and technology are ever changing and the way of doing things of old, are not always the way of the future. With energy costs going through the roof, people are turning to the internet to locate properties and for low cost marketing. Lets face it, the internet is the future of the real estate world.

For more information on this post, contact your Real Living real estate broker at 704.315.8106.

See also:
Why do I need an agent

Lake Norman Real Estate: Interesting Facts on Green Building

2008-07-29T15:55:26Z

Interesting Facts on Green Building

As an avid reader of Builder magazine, I came across an interesting article called "To go Green, or not to go Green." I just wanted to share some information from the article.

Green building is projected to grow as a share in the overall residential construction market from just 2% in 2005 to between 12% and 20% in 2012. In current US dollars, that's from $7B to $40B-$70B by 2012.

Here is an average one builder has made on the Cost of going green.

Green Items Additional Cost
Inspections/Modeling $3,000 - $5,000
2 by 6 exterior wall $4,000 - $6,000
Housewrap $2,000 - $4,000
Asphalt paper over housewrap $1,000 - $2,000
High-Quality Windows $8,000 - $10,000
Blown Insulation $3,000 - $40,000
Tight Duct Systems $1,000 - $2,000
Upgrade furnace or boilers $2,000 - $5,000
Upgrade a/c units $2,000 - $5,000

So you can see that building green can cost quite a bit extra money up front, but can also help you save in the long term. If you are planning on staying in a home for a long time, building green may be the way to go!

See also:

Lake Norman Green Building 2
Learn all about windows and effeciency
What does it mean to be green?

Jeremy Adair
NC Licensed GC
NC Licensed Broker
Phone: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Building a custom home in the Lake Norman area?

2008-07-29T12:31:29Z

DK Construction - Affordable, high quality custom homes in the Lake Norman area.

General Contractors

Greg Fisher has over 20 years of homebuilding experience through his career. Greg has lived on Lake Norman in the highly touted "The Point" community for the last few years. Greg understands the challenges of the current market and has developed a HYBRID homebuilding program designed for the Lake Norman area that can literally save those that want to build a custom home, hundreds of thousands of dollars! Greg served on the NC committee to adopt the International Building code and is also a master carpenter. He believes in using the highest standards to building a new home and uses standards that far exceed the Residential Building code.

Jeremy Adair has built over 175 homes in the Washington DC and Charlotte, NC markets. A graduate of Penn State University and former Project Manager for Ryan Homes, Jeremy understands the pitfalls that come with builder's saving pennies and the strengths and weaknesses of buying/building a production home. Working for a production builder for some time, Jeremy new it was time to switch over to the custom side and focus more on the customer and building a 100% quality home that families will enjoy for a lifetime. Jeremy is also a certified site inspector in Charlotte/Mecklenburg and a licensed Real Estate Broker.

For more information on these Licensed General Contractors and the New Lake Norman Hybrid Building Program, contact Jeremy Adair at 704.315.8106 or at Jeremy.Adair@RealLiving.com.

See Also:
Lake Norman Hybrid Building Program Links

Lake Norman Real Estate: Want to save hundreds of thousands on your next custom home?

2008-07-28T15:23:36Z

New Hybrid Home Building Program Introduced to the Lake Norman Area

DK Construction has introduced a new building program that consolidates the strengths of a full service construction contract and owner/builder programs. Greg Fisher, NC General Contractor and Project Manager, points out the problems of owner/builder programs, such as obtaining favorable financing, managing subs, hands on management, and the requirement to hold the house for 2 years before you can sell it. By contrast, those seeking a full service contract will be subjected to the high cost of doing business.

A hybrid construction program was developed to take the best of both programs and help people get the best product at the lowest price. A flat fee of $12 per square foot is charged to the owner. A DK Construction general contractor pulls the building permit, provides cost estimates, manages the job, provides all sub contractors and oversees all county inspections. The home owner acts as a superintendent, aiding in scheduling and paying all bills. The end result is that a quality home is built with huge savings. For example, under this program, local home owners have built high end homes in the $118 to $155 per square foot range. As comparison, most full service contracts in this market are priced at over $200 per square foot.

Home owners are not required to have construction experience. DK Construction's general contractors provide the required experience and consultation to keep the job on track and eliminate costly mistakes; however, homeowners need to allocate an average of 1 hour a day to keep on top of their responsibilities.

With real estate changing, buyers need to buy at wholesale prices to help maintain 80% Loan to Value and protect their equity. This hybrid program does this and much more! For more information, contact Jeremy Adair @ 704.315.8106 or visit www.CharlotteAreaNewConstruction.com.

Lake Norman Real Estate: Lake Norman Hybrid Homebuilding Program

2008-07-28T15:21:44Z

Lake Norman Hybrid Homebuilding Program Links

Build your new Custom Home together with a Licensed NC General Contractor
Save 100's of Thousands on your new custom Lake Norman home
Save $$ on your next Lake Norman Custom Home

Lake Norman Real Estate: Green Building Part 2

2008-07-19T18:19:02Z

Project Live Green

July 11 - 13, & 18 - 20, 2008 - Sherrills Ford
Green Home Tour

Jennifer Pippin will host a Green Home Tour of her Green Home Renovation project for two consecutive weekends, from 10am-6pm each day. We will invite the public to tour the Green Home as a fund-raising event, with proceeds from ticket sales going to 'Our Town's Habitat for Humanity' 2009 'Woman Build' home. Tickets for the event are $11.00
See Green Home Tour for directions and more details.

October 4, 2008 - Charlotte, NC
NCSEA Solar and Green Home Tour
Tour homes in the environs of the Charlotte area and learn about readily-available building alternatives.

More links to this post:
Pippin Home Designs
Project Live Green

Jeremy Adair
NC Licensed GC
NC Licensed Broker
Phone: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Thinking of Building that new custom home in the Lake Norman area?

2008-07-19T17:30:23Z

Save hundreds of thousands on your new custom home!

Sitting on that beautiful lot near lake norman but not ready to build a new house yet? Our new custom home construction program can literally save you hundreds of thousands of dollars. Hear from past clients on this exciting program that saved hundreds of thousands on their own custom built homes in the Lake Norman area.

This is different than the Mooresville based Ubuildit program. Our program offers more guidance and you simply build your home "together with" an experienced custom homebuilder that has built homes in well over the $1M range. This reason we can offer this program is the fact that we do not have a lot of the overhead that some of the larger builders/programs use. Use our 25+ years experience and find out how you can build a custom at cost of $12 per sq. ft. contractors fee!

We are with you 100% of the way until the home is completed!

Click here to find out more information on this program.

Contact me to set up an appointment!
Jeremy Adair
NC Licensed GC
NC Licensed Broker
Phone: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Brand NEW "Build it Together" Program that can save you hundreds of thousands!

2008-07-10T21:36:04Z

Lake Norman "Build it Together" Program!

Economic times are difficult and EVERYONE is trying to stretch that dollar out to see how far you can make it last. Right now new construction is the way to go finding new deals and programs around every corner.

I have recently teamed with Greg Fisher, a Custom Builder that is well known around the lake norman area and has over 20 yrs. of experience in the custom homebuilding industry. Together we are promoting the "Build it Together" program which focuses on getting people into a custom home at a very affordable price.

Click on the link to see some of our clients homes!

I would like to share with you how much some of them saved by using this program!

So why would you want to build your own home?
- It empowers you to take control of your own project
- Focus your budget on labor and materials, rather than markup and overhead costs
- You can design/customize your home from the ground up
- No fees for changes or late upgrades, simply pay the actual cost
- Move into your home with EQUITY!
- Achieve your 80% LTV using your equity in the program

How much can I really save?
- Most custom builders in the Lake Norman area charge $200.00+ per sq. ft.
- Our clients have paid between $117 to $155 per sq. ft. depending on level of finish
- Under our Program, we charge a consulting fee of $12.00 per sq. ft.
- On a custom 4,000 sq. ft. home you pay a builder approx. $800,000 - you can build it using our program for approx. $520,000
That's a savings of approx. $280,000!

Meet your NC licensed General Contractors

Greg Fisher
- 20+ years of experience
- Served on the NC committee to adopt the International Building Code
- Master Carpenter
- Green Builder

Jeremy Adair
- Has built over 175 homes in the DC and Charlotte markets
- Certified Site Inspector (CMCSI) for the city of Charlotte and Meck. County
- Licensed NC General Contractor and Real Estate Broker
- Graduated from Penn State University in 02'

How the Program Works
- The house is permitted to a licensed GC who manages the project to meet all county building requirements
- Use the GC's recommended sub contractors or we will help you find others
- Utilize our 25+ years experience, solid sub base, and contractor discounts
- You pay all bills and supervise construction
- With a licensed GC pulling permits, financing is available and you are free to sell the house at any time. If you pull your own permit, you must live in the home for 2 years and you are responsible for your own financing.
- Contractor fees are set at $12 per sq. ft. and are paid over the course of construction
- No additional fees for changes, upgrades, or overhead. You pay actual cost
- Full service contracting is also available
- No building experience is required, we provide experience and teach every one of our clients the right way to build a house.

This program allows you to
- Use from our high quality sub contractor base
- Design your own home
- Build on your own lot
- Control your own project and get the most for your investment
- Move into your new home with EQUITY!
- Achieve your 80% LTV with your instant equity
- No building experience is required, we provide expericence and teach every one of our clients the right way to build a house

To find out more information on this exciting program contact
Jeremy Adair
NC Licensed GC
NC Licensed Broker
Phone: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

It makes sense to buy in Charlotte and the surrounding areas - Number don't lie!

2008-07-08T16:52:56Z

It makes sense to buy in Charlotte and the surrounding areas - Number don't lie!

It makes sense to buy in Charlotte!

I came across an article on MSN today that is called "66 Cities where buying makes sense." It simply runs the numbers on 100 different markets and establishes where the numbers point to buy or rent.

Charlotte comes up in the top 50 places where it makes sense to purchase a home, rather than rent a home in the next few years. The study predicts that if you were to purchase a home today in the Charlotte region that in 4 years you would accrue $27K-$30K in equity.

You are seeing in the study that all the markets that were on fire just a few years ago, are the ones that got hit the hardest. The Charlotte region has a history of stability and growth and still remains one of the better markets to this day. Making money/building equity in buying and selling property is all about timing. The numbers are pointing to now being the time to invest in property in the Charlotte Real Estate Market!

See Also:
Charlotte/Lake Norman Real Estate Links
Why you need an agent to purchase a home
Charlotte/Lake Norman Real Estate Maps
Lake Norman Real Estate Guide
First Time Homebuyers

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Agency Relationships

2008-07-06T13:10:55Z

Agency Relationships in Real Estate

EVERY time an agent represents you, they should first explain to you all the Agency Relationship options and make you aware of what each entails. In North Carolina they should also supply and review the "Working with Real Estate Agents Brochure" and make sure you understand all of the representation options. This is a MUST when it comes to Real Estate in North Carolina. If your agent has not completed this with you, it may be good to find another agent that will take the time to review this information. Below is a brief summary on the different types of agency relationships.

Single Agency
In single agency, the firm/broker exclusively represents either the buyer or the seller in a transaction. The agent represents one client, and any third party is a customer.

Buyer Agency
When a buyer contracts a firm/broker to locate property and represents that buyers interest in the transaction, the buyer is the principal, also knows as the buyer's client. The broker as an agent, is strictly accountable to the buyer and the seller is a third party.

Dual Agency
In dual agency, the broker/firm represent the buyer and the seller in the same transaction. This requires the agent to be equally loyal to two seperate principals at the same time. The challenge to the agent, is to fulfill the fidiciary duties to either principal without compromising the other.

Designated Dual Agency
Also known as designated agency, involves appointing one or more licensees of a firm to represent the seller and appointing another licensee of the same firm to represent the buyer in the same real estate transaction.

These are just the basics of the different agency relationships. Make sure the agent you use explains all of these in detail so you can make sure you are being represented the way you should.

See also:
Charlotte/Lake Norman Information Links
Fiduciary Duties of an Agent
First time homebuyers
Why I need an agent to purchase/sell a home
Tips for selling your home

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Windows - Types and Energy Effeciency - Regular glass vs. Low E Windows

2008-07-04T14:17:45Z

Windows 101

Window's in your house do many important things. Window's help decorate a house making it more attractive from the inside and outside as well as leaving in natural light. Unfortunately windows also account for roughly 25% of the heat loss within your house as well.

It is very important when upgrading your existing home, flipping a home, building a home, purchasing a home, or selling a home that you know about the different types of windows and what their features and benefits are. It can easily save you or make you thousands if you make the right decisions. Certain types of windows may be more ideal for a certain area in your home and a higher quality window with a higher insulation value can either save you money in utilities, or be a key resale factor in the future. Make sure you consult a professional when making your decisions.

Types of Windows
Awning Windows
Awning windows have a hinge at the top of the window and usually have a crank located on the bottom of the window. They can be cranked open and shape an awning which means they can allow ventilation even when you have a light rain.

Casement Windows
Casement windows also have a crank usually located at the bottom but they open out to the side, not up like an awning window. Casement windows can usually be found over top of something that makes a crank an ideal way to open a window. They are normally found over a sink, countertop, or in a sunroom.

Single Hung/Double Hung Windows
In a single hung window, only the bottom or top sash in the window move. The other sash is fixed and cannot be opened. Therefore, only half of the window can be opened. Double hung windows allow both sashes to be opened, giving you more options and making the window easier to clean. This window is a nice option for families with young children because the top sash can be opened allowing less risk of falling out of the window.

Glider or Sliders
Gliding windows or sliders are a nice alternative to a casement window if outside the window is in a high traffic area. This reduces the chance of somebody running into a window while it is open.

Picture Windows or Fixed Windows often are put in rooms to portray a picture of the outside or two mainly allow sunlight to come into a room. These windows do not open making them less of a leak hazard.

Regular Glass vs. Low E Glass
Regular glass looks great, allows a lot of light to come in the house, and is cost effecient. Regular glass also allows a lot of heat loss within the home.

Low E glass was introduced in 1979. The E stand for emissivity which works by reflecting heat back to it's source. There are many different levels and types of Low E Windows that may offer some benefits that you are looking for. Appearance-wise you won't be able to tell much difference from a regular glass window and a low E window. Low E windows are usually slightly tinted although this is very difficult to see unless you compare them side by side. The main benefits of low e windows is that it allows visible light to pass while blocking levels of UV and IR light from coming into your home. UV light damages your skin, wood, fabrics, and causes colors to face (such as hardwood). IR light is simply heat.

In addition to low E windows saving you on heat loss and UV light, they usually also stay cleaner and do not show water spots as bad as regular glass windows.

See Also:
Links for Buyers
Lake Norman/Charlotte Information Links
First time homebuyers
Why do I need an agent to purchase a home?

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Mooresville, NC - Information, attractions, and things to do

2008-06-30T15:59:10Z

Mooresville, NC - Information, Attractions, and things to do!

Mooresville, NC - Information, Attractions, and things to do!

Mooresville, NC Information Links
Town of Mooresville
Mooresville Recreation Department
Iredell County
City-Data Report for Mooresville
Trulia Real Estate Report for Mooresville
Lake Norman Chamber of Commerce
Mooresville Police Department

Mooresville, NC Things to do
Lazy 5 Ranch
Queens Landing
Dale JR Motorsports
The Point (Private)
Lake Norman Boat Access

Mooresville, NC Places to Eat
Big Daddy's
Pomodoros
The Prickly Pear
Soiree
Lancaster's
Vinnie's Sardine Grill & Raw Bar
Exit 36 Grill and Billiards
Moe's Lake Norman Ale House
Indigo Joe's
Legends of Lake Norman

Mooresville, NC Late Night Entertainment
Joker's Dueling Piano Bar at Queens Landing
Big Al's
Uncle Milf's Lake Norman Tavern

Lake Norman Real Estate: Cornelius, NC Attractions

2008-06-27T15:33:36Z

Lake Norman Real Estate: A close look at the town of Cornelius, NC and it's attractions

Cornelius, NC - Information, attractions, and things to do!

Cornelius, NC Information Links
Town of Cornelius
Cornelius, NC Parks and Recreation
City-Data Report for Cornelius
Trulia Real Estate report for Cornelius
Lake Norman Chamber of Commerce
Cornelius, NC Police Department

Cornelius, NC things to do
Raceworld USA - NASCAR!
Extreme Toys Speed Park Go-Carts, Mini Golf, ect.
Ramsey Creek Park - Waterfront Park and Public Launch
Jetton Park - Waterfront Park
The Peninsula Club (Private)

Cornelius, NC Places to Eat
Rusty Rudder Pull your boat up at the Rudder. If you come to the Lake area, you cannot afford to NOT go to the Rudder. Although The food is average, the lake environment cannot be matched! Goes from lakefront restaurant to late night hot-spot.
Midtown Sundries My favorite place to eat ON Lake Norman, food better than the Rusty Rudder, but doesn't quite have the same environment.
Galway Hooker Irish Pub - Great place to grab a drink with friends
Mac's - Great pork BBQ
Cookhouse Good Home Cooking at an unbelieveable price
RJ Gators
Acropolis Cafe and Grille
Monkey Joe's Great Place for the young one's

Location of Cornelius, NC

View Larger Map

See Also:
Links for Buyers
Lake Norman/Charlotte Information Links
First time homebuyers
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Blue Stone Harbor and Captains Point in Cornelius, NC

2008-06-26T20:10:16Z

Lake Norman Real Estate: Blue Stone Harbor/Captains Point in Cornelius, NC

Blue Stone Harbor/Captains Point - Two beautiful communities on Lake Norman in Cornelius, NC

Blue Stone Harbor and Captains Point are strategically placed less than a mile off of I-77 at exit 28 on Knox Rd. This community is close to all that Cornelius has to offer including shopping and fine dining within a stones throw away.

Blue Stone Harbor is an established community with homes ranging from the $300's up to the $700's for waterfront location. The community also has a community boat launch and boatslips available. As far as location and price, this may be one of the best of both worlds around Lake Norman.

Click here to see the current listings in Blue Stone Harbor.

Captains Point is connected to Blue Stone Harbor and offers the same ammenities. It is a slightly upscale version of Blue Stone Harbor extending out into lake norman with home prices ranging from $300K - $1M+. Captains Point currently has a few lots available starting out in the upper 200's. Simonini Builders currently has a few new homes under construction lakeside in this community.

Click here to see the current listings in Captains Point.

The map below shows the locations of these communities.

View Larger Map

See also:
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Real Estate: Blue Stone Harbor and Captains Point in Cornelius, NC

2008-06-26T20:08:30Z

for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Torrence Chapel Road area - Cornelius, NC/Lake Norman Real Estate

2008-06-25T13:45:45Z

Lake Norman Real Estate

Wednesday, June 25, 2008

Lake Norman Real Estate: Taking a closer look at Torrence Chapel Road area.

Lake Norman Real Estate: Torrence Chapel Road and It's communitites

The Torrence Chapel road area is in a great location sqeezed between ever popular West Catawba Ave and I-77 in Cornelius, NC.

Below is a map of the Torrence Chapel Road area.

View Larger Map

These Torrence Chapel Road communities are in prime location on the lake and offer established neighborhoods where you can still find an affordable home on the small penninsula on the lake. Home prices in this area range from the low $200's to well over $1M. Location, Location, Location!

Bahia Bay - Cornelius, NC

Bahia Bay lies on the western side of Torrence Chapel Rd. Prices in Bahia Bay run from the lower $200's to $.6M at the time this was written. This community offers community boat access.

Current Listings in Bahia Bay.

Crown Harbor - Cornelius, NC

Crown Harbor is a beautiful waterfront community located on the eastern side of Torrence Chapel Road. It offers a diverse price in homes ranging anywhere from the $200's to well over $1M.

Current listings in Crown Harbor.

Harrogate at the Lake - Cornelius, NC

Harrogate is one of the more affordable communities in that area with most homes in the $200K range. There are many lots available in this community in the $50K range.

Current Listings in Harrogate.

Heron Harbor

Heron Harbor is a nicely placed community that runs right along an inlet on lake norman and creates "Heron Harbor". The community boasts community boat access and prices of homes run from $400K to well over $1M.

Torrence Chapel Estates

Torrence Chapel Estates is a middle class neighborhood on the western side of the peninsula. Home prices in this community run mostly in the $200's.

Current Listings in Torrence Chapel Estates.

Waterford Point

Waterford Point is located at the end of the peninsula and offers breathtaking views of Lake Norman. This community features lake access and home prices vary depending on off-water or waterfront.

Current listings for Waterford Point.

See also:
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Investors - 1031 Tax Exchange and Renovation Loans

2008-06-25T12:05:02Z

Lake Norman Real Estate

Lake Norman Real Estate: Investors/Investment Properties - 1031 Tax Exchange - Exchange of Tax Liability

1031 Tax Exchange

Here are the basics of the 1031 Tax Exchange
- Allows repositioning of assets without penalty of capital gains tax
- Timing is everything, buyers must sell, identify new property, and close within strict guidelines
- Handled by title company with buyer and seller in agreement
- Only "like-kind" investment properties, principal residences do not apply
- Seller must identify replacement property within 45 days
- 180 days given to close on new property
- Title company facilitates the exchange

For more information on the 1031 tax exchange, click here.

Investment Properties 203K FHA Acquisitions and Rehab Loans

- Loan amount is on project improved value with 10% down
- Buyers can have 4 loans on properties at the same time
- Consultant investigates plans
- Buyer MUST use professional contractor
- Buyer can finance payments for 6 months if uninhabitible

Using FHA loan to purchase a HUD property
- Must be insurable - meets FHA minimum property standards with no repairs (MPS)
- Must be insurable with conditions (IC) - conditions must be satisfied
- Must be insurable with repair escrow (IE) - requires no more than 5K in repairs. Funds can be financed up to 110% of cost to repair estimate
- Uninsurable (UI) - Property only eligible for 203K financing

See also:
Lake Norman Investors: Places to search
Why do I need an agent to purchase a home?
First time homebuyer Renovation Loan

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Lake Norman Property Investment

2008-06-24T11:49:03Z

Lake Norman Investors

Lake Norman Investors - Places to start

You always see all the house flipping shows on the television and sometimes you see people make large profits, and sometimes you see people having to move into their flip or take a loss. House flipping isn't for the faint of heart and isn't for everyone. Many people make the mistake of getting in over their heads. There are many things you need to look at before you get into Real Estate Investing.

- Are you comfortable being a landlord?
- Can you handle late rents from tenants?
- Can you make small repairs or afford to maintain the property?
- Is there a current demand for rentals in your market?
- Do you have the necessary funds?

It is always recommended that Investors visit a loan officer before searching from properties and to have an ASHI Inspector inspect the house prior to purchase when possible.

Places to search for your investment property.

- Bank Owned Property's or REO's
- Sheriff's Sales/Auctions
Things to remember for Sheriff's Sales
- No RE Commissions for Agents by seller
- Properties may NOT be inspected by the buyer
- Bidding typically starts at around 2/3 the appraised value
- Normally 10% down and must be able to close within 30 days
Mecklenburg County Sheriff's Auctions
Iredell County Sheriff's Sales
Lincoln County Sheriff's Sales
Catawba County Sheriff's Sales

- HUD Properties
Offers submitted online through states HUD Property Managment Firm
HUD will pay up to 5% of buyers closing cost if requested on offer
HUD

- VA Properties
Properties

- Probate Properties
Sold to settle the deceased owner's estate

See Also:
NC Home Inspections
Charlotte/Lake Norman area Real Estate Maps
Lake Norman/Charlotte Area Homebuilders - New Construction
Why do I need an agent to purchase a home?
Tips for Selling your Home
Lake Norman Real Estate Info
Lake Norman/Charlotte Area Information Links

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Anniston in Davidson, NC - A beautiful Niblock Homes Community near Lake Norman

2008-06-24T00:17:31Z

Anniston in Davidson, NC - Niblock Homes

Anniston in Davidson - A beautiful Niblock Homes Community

Minutes outside of Davidson, Anniston offers many different customizable model types in this middle/upperclass neighborhood. Just miles from downtown Davidson, minutes from beautiful Lake Norman, Anniston gives you all the warm and comfort of living near the lake. The community offers many large homesites, many which are wooded.

The price range for this neighborhood is $450K - $750K with models starting around 3,000 sq. ft. There is a model on site. Niblock is a great mix if you are not sure whether to go for a Custom Builder, or a Production Builder. The product they build seems to give you the best from both worlds.

Here are the current MLS listings for this community.

Below is a map of the location of this community.

View Larger Map

See also:
Town of Davidson
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Shadow Creek - A gated community in Cornelius, NC near Lake Norman

2008-06-22T11:53:20Z

Shadow Creek - A gated community in Cornelius near the lake

Shadow Creek - Luxury tucked away in Cornelius, NC

Tucked just off exit 28 in Cornelius, Shadow Creek offers luxury single family homes that currently start around $900K in price. Driving through the gate, you are welcomed by a very natural setting with abundant hardwoods and a spring fed pond with a fountain. It has the feeling of living in a hidden thicket on the countryside, but is located just off Knox Rd in Cornelius within minutes of anything you could need.

Other Cornelius Area Attractions include:
-Raceworld USA
-Go-Cart racing
-Ramsey Creek Park Offers public lake access.
Jetton Park Offers a fun day on the lake.
The Rusty Rudder

There are currently no listings in the MLS for this community.

Below is a map of the location of this community.

View Larger Map

See also:
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Abersham of Davidson - Luxury Living near Lake Norman

2008-06-20T18:15:36Z

Abersham of Davidson - Luxury Living in Davidson, NC

Abersham of Davidson - Live in Luxury in Davidson, NC

Just opened in June 2008, Abersham will be an upscale community consisting of 59 total lots that sit on 243 acres, 100 which are designated to be left open. You won't find any small houses in this community as the community minimum is 4,500 sq ft of heated living space. Currently the first section is available which consists of 28 lots ranging from $289K - $327K per lot. Every house in this upscale community will be well over $1M. Currently the community is advertising the Completion dates for spring 2009. No homes are currently under construction apts. must be scheduled.

Near the entrance of the community "The Gathering Barn" will be built. The gathering barn was inspired by family barn which served this farmland for many years. It will be available to residence of the community for family gatherings, community events, receptions, concerts, and relaxing.

Click on the map below to get a larger view.

Custom homebuilders in Abersham include:
Augusta Homes
Heinz II
JD North Construction Company
Marble Custom Homes
PlattnerBailey Custom Homes

Below is a map of the location of this community

View Larger Map

See also:
Town of Davidson
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Davidson Landing - Luxury Condos on Lake Norman

2008-06-20T15:42:58Z

Davidson Landing - Luxury condo living on Lake Norman

Davidson Landing - Waterfront Condos in Davidson, NC

Davidson Landing is luxury waterfront condos at their best. Situated about a 1/4 mile off of exit 30 on I-77, this community offers it all. Amenities include boat slips, pools, waterfront boardwalks and gazebos, tennis courts, volleyball courts, basketball courts, walking/exercise trails, and amazing sunsets.

There are over 500 units divided over 12 seperate complexes. Also within walking distance is one of Lake Norman's favorite lakefront restaurants, The North Harbor Club. Downtown Davidson and Davidson University are within 1-2 miles.

Here are the current MLS listings for Davidson Landing.

Below is a map of the location of this community.

View Larger Map

See also:
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Harborside - R Ryan Homes Townhome Community near Lake Norman

2008-06-20T01:35:16Z

Harborside - A Ryan Homes Community in Cornelius, NC

Harborside - A Ryan Homes Community in Cornelius, NC near Lake Norman

Harborside is a Townhome community in a prime location 2 miles west on Catawaba Ave off of exit 28. Townhomes are currently starting in the upper 190's and go as large as 2,246 sq ft. The community boasts a small clubhouse and a pool to relax beside. Harborside is located directly beside Westmoreland, a David Weekley Homes single family community.

Midtown Sundries, a great place to eat waterfront on Lake Norman, is a short walk across the street. You also have a public boat launch, Ramsey Creek Park, within a mile or two of the community.

Here are the current MLS listings for Harborside.

Below is a map of the location of this community.

View Larger Map

See also:
Westmoreland
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Westmoreland - A David Weekly Homes community near Lake Norman

2008-06-18T09:47:57Z

Westmoreland - A David Weekly Homes Community in Cornelius, NC

Westmoreland - A David Weekly Homes Community near the lake

Westmoreland is a single family community in a prime location 2 miles west on Catawaba Ave off of exit 28. Single Family Homes are currently starting in the mid 220's and range from 1500-2850 sq ft. David Weekly homes also offers 2 different sized homesites. The community boasts a clubhouse, pool, and tot-lot. Westmoreland is located directly beside Harborside Commons, a Ryan Homes Community.

Also within a short walk is Midtown Sundries, personally one of my favorite places to dine on the lake. 2 different public boat launches are located within a few miles of this community, Blythe Landing and Ramsey Creek Park.

Here are the current MLS listings in Westmoreland.

Below is a map of the location of this community.

View Larger Map

See also:
Lake Norman Lakeside Dining
Why do I need an agent to purchase a home?
First Time Homebuyers
The Production Homebuilding Process
New Construction and Homebuilders

Contact your Lake Norman Real Estate Expert for more information on this post.

Jeremy Adair
Real Living - Davidson, NC
Cell: 704.315.8106
Fax: 704.892.9766
Jeremy.Adair@RealLiving.com

Jeremy's Lake Norman Real Estate Blog

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Lake Norman Real Estate: Internet Paves path to Real Estate Success

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Lake Norman Real Estate: Building a custom home in the Lake Norman area?

Lake Norman Real Estate: Want to save hundreds of thousands on your next custom home?

Lake Norman Real Estate: Lake Norman Hybrid Homebuilding Program

Lake Norman Hybrid Homebuilding Program Links Build your new Custom Home together with a Licensed NC General ContractorSave 100's of Thousands on your new custom Lake Norman homeSave $$ on your next Lake Norman Custom Home

Lake Norman Real Estate: Green Building Part 2

Lake Norman Real Estate: Thinking of Building that new custom home in the Lake Norman area?

Lake Norman Real Estate: Brand NEW "Build it Together" Program that can save you hundreds of thousands!

It makes sense to buy in Charlotte and the surrounding areas - Number don't lie!

Lake Norman Real Estate: Agency Relationships

Lake Norman Real Estate: Windows - Types and Energy Effeciency - Regular glass vs. Low E Windows

Lake Norman Real Estate: Mooresville, NC - Information, attractions, and things to do

Lake Norman Real Estate: Cornelius, NC Attractions

Lake Norman Real Estate: Blue Stone Harbor and Captains Point in Cornelius, NC

Lake Norman Real Estate: Blue Stone Harbor and Captains Point in Cornelius, NC

Torrence Chapel Road area - Cornelius, NC/Lake Norman Real Estate

Lake Norman Investors - 1031 Tax Exchange and Renovation Loans

Lake Norman Property Investment

Anniston in Davidson, NC - A beautiful Niblock Homes Community near Lake Norman

Shadow Creek - A gated community in Cornelius, NC near Lake Norman

Abersham of Davidson - Luxury Living near Lake Norman

Davidson Landing - Luxury Condos on Lake Norman

Harborside - R Ryan Homes Townhome Community near Lake Norman

Westmoreland - A David Weekly Homes community near Lake Norman

Lake Norman Hybrid Homebuilding Program Links

Build your new Custom Home together with a Licensed NC General Contractor
Save 100's of Thousands on your new custom Lake Norman home
Save $$ on your next Lake Norman Custom Home