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We're learning how to better communicate with our clients thanks to Google Docs - 08/26/08 03:14 PM
Since the beginning of this year, we have been working on a system to communicate with our clients what's happening in the market around their home. In addition to the normal things like showing feedback, we compile website traffic for that listing, number of calls, number of showing requests, numbers of previews, along with a cma every week in a spreadsheet. With sales down in our area 50%, I wanted to know what was selling, what was new, and the direction we needed to take with pricing, and so do my clients. The problem has been is that this means I am usually (7 comments)
In July 2008, 227 new listings were added to the market. This was a 5.09% increase of the number of new listings added in July of 2007 and an 8.61% increase over the month prior.
The number of homes receiving a contract fell to 38.46% from the July (0 comments)
Your Guide to Lease / Purchases. They can be a good thing - 08/25/08 11:53 AM
The real estate industry has a pretty good way of coming up with solutions posed by market problems. When conventional financing was unstable, lenders and agents utilized 3rd party non-profits sell homes to buyers will little for a downpayment. Now with many of the rules changing once again, lease purchases are becoming a lot more trendy. Not to be confused with Rent-to-Own, a lease purchase is done with the intention of the buyer making the purchase. With lending standards tightening, there may be something that is standing in the way of the buyer making the purchase today. The most common are (0 comments)
Is it time to put an end or limit the Section 8 housing voucher program? - 08/16/08 04:54 AM
Today, I received an email that one of my listings in north Charlotte had been further vandalized. This property has seen better days for sure. Before I took over, it had been a section 8 rental property and unfortunately, not cared for in the least bit. When I initially took on the listing, I researched what the county had on file for the home and at that point, I knew I was in for a few more headaches and hassles than normal. Upon arriving at the property for the first time, what I discovered caused my heart to sink to the (7 comments)
July 2008 Housing Market Update for East Charlotte North Carolina (Area 2) - 08/13/08 03:01 PM
Charlotte North Carolina Market Update for: Single Family Homes in Mecklenburg County North Carolina Area 2 including: Charlotte Neighborhoods East of N. Tryon Street and North of Albermarle Road (24/27) including the neighborhoods of Plaza Midwood, NoDa (The Arts District), Belmont, McCarron, Old Stone Crossing, Buckleigh. Data gathered for July 1, 2008 - July 31, 2008
In July, 321 new single family listings were added to the market, which is down from the 386 home added the year prior. As of the date of this blog, the total number of single family homes in area 2 is 1,139.
July saw a 27% decrease year over year in the number of homes (0 comments)
Keller Williams Realty is sending my son to college - 08/12/08 09:42 AM
I have to admit that paying for my son's college is a bit scary. Sure, I may have some time before he's ready to start the college tours but thinking that the day will never come is a sure fire way to strattle him with student loans. Being on that road ourselves with a Corvette's worth of loans still outstanding, there's no way that we're going to repeat this with him. So our plan is to let Keller Williams Realty pay for our son's college. A few month's back, my wife and I were driving along and she tossed out the idea of re-directing our (15 comments)
July 2008 Housing Market Update for North Charlotte, Cornelius, Davidson, and Hunterville North Carolina (Area 1) - 08/11/08 03:25 PM
Charlotte North Carolina Market Update for: Single Family Homes in Mecklenburg County North Carolina Area 1 including: Charlotte, Cornelius, Davidson, and Huntersville Neighborhoods East of I-77, North of N. Tryon Street, West of Cabarrus County, and South of Iredell County including the neighborhoods of Highland Creek, Vermillion, Heritage Green, River Run, Skybrook, Northstone, Cambridge Grove, and others. Data gathered for July 1, 2008 - July 31, 2008
In July, 417 new single family detached homes were added to the available for-sale inventory in North Mecklenburg Area 1. This is a 11% decrease in new single family listings when compared to the same period a year ago. Not July 2005 saw fewer new listings with (0 comments)
Sellers: Having your house pre-inspected is a great way to head off post-inspection headaches - 08/11/08 10:13 AM
The idea of having a listing pre-inspected had been completely lost on me. Often times, after a home inspection, buyers and sellers would compromise on a list of needed repair items that would be addressed by closing. There were no reason to think that anyone would walk away after closing however times are changing. Blame a tighening economy, fears of sinking home values, or just buyer's remorse but buyers are becoming a whole lot more pickey. Where before an inspection would reveal 20 items, 3 major 17 minor and 10 would be repaired - now its 20 items and all 20 (0 comments)
Growing Number of Fake Real Estate Agents in the Carolinas - 08/04/08 01:40 PM
In the last few months, I have received a bunch of phone calls, emails, and letters from folks I would describe as fake real estate agents. They are unlicensed and unregulated people who are in the business of helping others buy, sell, and rent real estate. Many builders sales reps are unlicensed but this isn't the group that most concerns me. Take for example this call I received the other day. I received a call from a guy who was looking to find out if a home I had for sale was available for a lease purchase. I asked if it (7 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.