Especially when the market is moving briskly, selling your Charlotte home can put you up against a chicken-egg quandary. “Which came first?” is as unanswerable today as when we argued about in the second grade—yet when a key decision about selling your home depends on answering a similar puzzler, it’s anything but whimsical. The metaphor is almost exact. If you know you will be buying a new house but haven’t yet sold your current Charlotte home, which comes first? As for the new purchase, the universally agreed upon best practice for house-hunting is to be able to produce a lender’s preapproval for … (0 comments)
charlotte real estate: A Saving Grace to Boost Charlotte Existing Home Sales
- 03/22/18 07:57 AM
Can existing home sales slide at the same time they advance? Charlotte real estate watchers who have heard similar conflicting accounts on successive news reports could be forgiven for deciding somebody is confused. They might be right about that, but in fact, both reports are technically correct. The contradictory accounts may have originated from a press conference held a while ago by the National Association of Realtor®s’ Lawrence Yun, the group’s chief economist. At first, it sounded as if U.S. sales—particularly existing home sales—was a straightforward bad news story. “Contract signings were down,” was the main takeaway. A video of the press … (0 comments)
You don’t have to be planning to sell your home to enjoy the benefits from what you might call a few ‘strategic spot improvements.’ These are limited renovations aimed at specific areas of a house—improvements that might not seem essential to Charlotte homeowners after years of living with them, but which fresher-eyed visitors see as evidence of a property in need of renewal. Spot house improvements can be most necessary in living areas that whisper, “I’m a refugee from the 80’s.” Examples are rooms with popcorn ceilings; with faded green or pink bathroom tiles (really more like refugees from the 50’s); … (0 comments)
We’ve all witnessed the remarkable rebound in real estate values—and last week, the scale of that recovery was the subject of a CNBC commentary. “A growing number of homeowners are in the money,” it found; then, “Homeowners are sitting on trillions in tappable home equity.” Trillions? That’s a number that sounds quite impressive—but also hard to grasp. To get a handle on the scale of the nation’s real estate recovery in terms that are more meaningful to Charlotte readers, it calls for some imagination. Here’s a try: If you think of a $345,000 home (today’s U.S. average)—and then of a neighborhood with 30 … (3 comments)
charlotte real estate: More Future Charlotte Real Estate Features Include Electronics
- 01/15/18 10:49 AM
In Charlotte real estate, it’s the steak—not the sizzle—that draws serious offers. Even so, every year about this time it can be useful (and great fun!) to watch what comes out of Las Vegas’ CES gathering. This year’s edition of the Consumer Electronics Show—the annual trade extravaganza that grabs headlines for its bounty of new electronic product unveilings—unveiled a number of smart home tech debuts. Some were, as commentators noted, “weird and wonderful”—while others were potentially important incremental steps toward what will eventually become everyday household necessities. Among those that caught my eye: Echo Plus-connected gadgetry: Amazon’s ubiquitous wifi-connected digital … (0 comments)
It’s irresistible: peering into the new year, trying to guess what the Charlotte real estate landscape will look like in the coming 365 days. At the close of an outstanding 2017, although it’s always a little foolish to assume too much about details in a world that changes as rapidly as ours does, I think there are some more-probable-than-not real estate good news/bad news scenarios likely to come our way: GOOD NEWS: New-home sales increased an astounding 17.5% in November, creating “the exact kind of new-home sales numbers the market has been desperate for” according to Economist Aaron Terrazas. Builders report … (3 comments)
charlotte real estate: Holidays in the air? Why Charlotte Real Estate Deals Follow Halloween
- 10/23/17 12:43 PM
Fa la la la la, la la la la: it’s carol time again! Not quite? You can’t almost hear those sleigh bells ringing? Well, brace yourself. Halloween is next Tuesday—and nowadays, that means that by Wednesday, holiday advertising will be with us for the duration. Whether we admit it or not, the Thanksgiving start of holiday season is a thing of the past. Hallmark has already launched its “Countdown to Christmas;” Charlotte mailboxes are filling with gift catalogs; store windows are only weeks away from being transformed into snow-sprayed winter wonderlands. As far as Charlotte real estate is concerned, a couple of the advantages … (0 comments)
charlotte real estate: Charlotte Business Real Estate’s Stealth Benefit
- 09/28/17 10:26 AM
Most Charlotte small business people will recognize this post-startup scenario. It’s the moment when the whole idea of long-range planning first starts to make sense. Although everyone who stakes his or her claim in a new business hopes for success, in the beginning, that outcome is far from certain. Throughout the early going, the first order of business has been simple survival—and that’s been a full-time job. You work your tail off 25 hours a day, tackle all the expected (and unexpected) challenges, and if the best happens, see the bottom line begin to brighten. And then, the reality dawns: your brainchild … (0 comments)
When news of the Equifax hack first broke, the credit ratings giant scrambled to minimize fallout from this massive personal information breach. After an initial embarrassing misstep (they tried to have affected consumers sign off on Equifax’s liability), the company moved to ameliorate the hack by offering free ID protection to consumers. Charlotte homeowners and potential home buyers had reason to do more than shake their heads at yet another electronic pratfall. In one way or another, most Charlotte real estate transactions involve creditworthiness appraisals that are managed by the three credit reporting agencies (Equifax is one). That means that among the … (4 comments)
charlotte real estate: Selling Your Charlotte Home: Strategic Planning Helps
- 08/11/17 12:46 PM
Selling your Charlotte home is never something you do on a whim. There can be rare situations when the decision to sell is a sudden one that’s forced by unexpected life circumstances (favorable or not)—but selling your Charlotte home is not likely to be the result of some sudden impulse. Since that’s the case, it follows that most of us will have been aware for some time that we will be selling sooner or later. That gives us some leeway for improving the ultimate results we can expect when an eventual sale takes place. Thinking about that, and acting upon it, constitutes … (1 comments)
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