concord: FHLB Grant for NC 1st Time Homebuyers Down Payment Assistance - 01/28/11 04:11 PM
Many people haven't heard of the FHLB (Federal Home Loan Bank) grant program for 1st time home buyers in North Carolina, so I thought I'd share information about this great program.  Similar programs may be available in other states.
This program is only available through member banks of the Federal Home Loan Bank (FHLB) system.  The only participating NC banks that I am aware of are RBC Bank and Monarch Mortgage.  As of today, both of these lenders have their 2011 funding for this program.  I know loan officers with both of these lenders, so let me know if you need a good loan officer to … (5 comments)

concord: Short Sale- Avoid Foreclosure - 01/06/11 06:17 AM
If you are having difficulties paying your mortgage and are considering walking away from your home, you owe it to yourself and your future to consider a short sale instead of letting the bank foreclose. 
Contact a Realtor who is a short sale specialist, to explain the process to you and get your home listed when you first start having trouble paying your mortgage.  Don't wait until months have gone by and the foreclosure sale is pending.
Check out the following video story of how one homeowner avoided foreclosure and sold their home as a short sale.

If you own … (2 comments)

concord: 2009-2010 Homebuyer Tax Credit Extension- First-Time & Repeat Buyers - 01/22/10 03:09 AM
The Homebuyer Tax Credit has been extended to include home purchases with a contract date by April 30, 2010 that close no later than July 1, 2010.  In addition to 1st-time homebuyers, the tax credit has been expanded to include certain repeat homebuyers. 
According to media reports, this will be the last extension of the homebuyer tax credit.  The tax credit, historically low interest rates and buyer's market home pricing, make this a great time to purchase real estate.  Hurry before it's too late!
The information below provides basic information about the current tax credit, call me today for more detailed … (2 comments)

concord: 3036 Rockingham Lane - Southern Chase Subdivision - Concord NC - 08/09/09 09:39 AM
Open floor plan ranch with covered front porch & lots of upgrades.
3 Bedrooms 2 Full Baths   Built in 2001 Laminate floors in formal Living Room, Great Room, Kitchen & Dining Area Great Room with wood burning fireplace & recently installed French doors with blinds between glass Kitchen with GAS range, built in microwave, dishwasher and pantry Formal Living Room Master Suite has private bath with garden tub Newly installed custom patio This is a Short Sale, priced to sell quickly at $88,000

MLS#: 891296 - SOLD
For more information on this house or other homes for sale in Cabarrus County and Concord NC, or … (3 comments)

concord: 2009 First Time Homebuyer's Tax Credit Information- Hurry before it's too late! - 07/08/09 07:17 AM
If you are a First-Time Home Buyer or haven't owned a home in the previous 36 months, you may be eligible for an $8000 1st Time Home Buyer Tax Credit!  You must close on your home purchase by November 30, 2009.  Check out the information provided below or contact Cheryl Powell with Remax Gold  at 704-363-8902 or for more details.
Considering the bargain list prices on many homes, record low interest rates and the $8000 1st-Time Homebuyer Tax Credit... now is one of the best times ever to buy a new home.  Hurry before prices increase, interest rates rise and the Tax Credit … (4 comments)

concord: 8220 Chatham Oaks Drive - Concord NC - Poplar Woods Subdivision - 06/17/09 05:30 PM
Short Sale opportunity to purchase this spacious open floor plan home located in desirable Concord POOL COMMUNITY, at a great price!
4 Bedroom 2 Full Baths & 1 Half Bath  Full Brick Front More than 2100 heated square feet Large 2-Story Great Room with laminate flooring, wood burning fireplace, lots of windows & ceiling fan is open to loft above Kitchen with pantry, electric range, built-in microwave & dishwasher Dining Room with laminate floors Main level Master Bedroom with walk-in closet, ceiling fan and deluxe private bath with dual vanity, garden tub & separate shower  Loft overlooking Great Room with built in shelves, ceiling fan and open railing HUGE 19' … (3 comments)

concord: 311 Valley Brook Lane - Concord NC - Stonebridge Townhome Community - 06/17/09 05:09 PM
Enjoy carefree living in this lovely townhome located near downtown Concord. Lots of upgrades and ready to move in!
2 Master Bedrooms 2 Full Baths & 1 Half Bath  Great Room with laminate floors, ceiling fan, decorative track lighting, crown molding & French doors leading to patio  Kitchen with upgraded raised panel oak cabinets, raised bar & all black appliances including  refrigerator, smooth top range, dishwasher & built-in microwave Dining Room with laminate flooring, bay window crown molding, chair rail & ceiling fan Master Suite 1 with walk-in closet, crown molding, ceiling fan & private full bath Master Suite 2 with ceiling fan & private full … (1 comments)

concord: Garden Tour in Concord NC - Saturday May 30 - 05/24/09 01:08 PM

On Saturday, May 30th, downtown Concord will offer a tour of 6 private gardens, plus the one at the historic Forest Hill United Methodist Church. The tour route is 2 miles long, and can be walked or driven. Concord restaurants along the route will be offering samples from their menus to visitors. For more information read the Charlotte Observer article Concord opens its gardens.

concord: $8000 tax credit as downpayment... HUD says program NOT killed! - 05/21/09 04:58 AM
According to my lender sources and The Arizona Herald article "HUD says bridge-loan program hasn't been killed", HUD is still moving forward with a plan to let first-time homebuyers use the currently available tax credit of up to $8,000 as collateral for "bridge loans" to cover the down payment on FHA insured mortgages.
According to the article, HUD spokesperson Brian Sullivan stated that the program details haven't been finalized and would not say when the bridge-loan program would be initiated, or whether it would be substantially different from what originally was announced.
Let's all keep our fingers crossed that this program will be … (9 comments)

concord: US Treasury Department Announces Short Sale Plan - 05/21/09 02:41 AM
I recently read an article in the RE/MAX Times (a publication for RE/MAX Agents) regarding The U.S. Treasury Department, who recently unveiled a plan designed to streamline and encourage short sales.  Under provisions of the newly created "Foreclosure Alternatives Program," the process will soon include standardized documentation, cash incentives to lenders and moving allowances for homeowners.
Here's a Treasury Department fact sheet about the plan, as well as a release from the National Association of Realtors.  You may also want to read The New York Times story, headlined "Lenders More Open to Short Sales".
Many real estate agents avoid short sale listing and buyer transactions, … (2 comments)

concord: 2009 Coca-Cola 600 in Concord this Sunday - 05/20/09 03:50 AM
Well, it was bound to happen. Given today's state of the economy, many people are travelling less and spending less on entertainment. An article in The Independent Tribune says that business at The Lowe's Motor Speedway in Concord has been "slower than usual". One vendor says that his business is off by 60%.
If you've been avoiding going to the races because tickets were sold out or you'd prefer not to fight the huge crowds, this may be just your opportunity. The Coca-Cola 600 will be in Concord this Sunday, May 24, 2009 and there are plenty of good seats still available.  … (2 comments)

concord: Old Courthouse Community Theatre in Concord NC... Presenting "Run For Your Wife" - 04/29/09 02:37 AM
If you've been looking for something different to do, check out the Old Courthouse Theatre's production of "Run For Your Wife".  This is a comedy LIVE theatre production about a cabby who has two wives. 
Old Courthouse is a Community Theatre that was founded in 1976... celebrating its 33rd season.  It is an all volunteer organization that provides live theatre productions.  The theatre is located at 49 Spring Street NW in Concord NC. 
They will kick off the season with an OPENING NIGHT WINE TASTING, where patrons will have a chance to taste KST Georgian all natural wines.  Doors will open at 7:00 for snacks and wine … (3 comments)

concord: Cabarrus County & Concord NC - USDA Rural Development Home Loans - 04/25/09 03:46 AM
News Channel 36 did a report on USDA Rural Development loans last night.  It said that the program is "little known", but I've known about it and helped my clients utilize the program for years. 
The USDA Rural Development agency (yes, the United States Department of Agriculture) has two different loan programs, Direct and Guaranteed.  Eligibility for both types of Rural Development loans is determined based on household size, income and the buyer's credit worthiness.  Both programs are 100% (NO DOWN PAYMENT) loans with NO MORTGAGE INSURANCE.  FHA loans and Conventional loans with less than 20% down payment require mortgage insurance, which is … (9 comments)

concord: Concord NC- Phillip Morris closing 1 year early... 1100 jobs to be lost - 04/22/09 08:40 AM
My husband was out running errands today, when he heard the bad news and called to tell me about it.
We all knew that it was coming, but in their 2007 original closing announcement Phillip Morris said they wouldn't be closing their Concord NC plant until the end of 2010.  However, this morning Phillip Morris started notifying its employees that the plant would be closing at the end of July 2009!  1100 good paying jobs will be lost, and it couldn't be worse timing... since the February 2009 Cabarrus County unemployment rate was already 11.2%!  The company cited a decrease in cigarette sales as … (2 comments)

concord: Dunkin' Donuts- 1st Hotel Location Opens in Concord NC Indoor Water Park - 04/19/09 08:57 AM
Earlier this week, Dunkin' Donuts opened it's FIRST ever hotel location at the Great Wolf Lodge in Concord NC, a brand new indoor water park resort.  The new Dunkin' Donuts and Great Wolf Lodge are conveniently located just off I-85, near Concord Mills Mall and Lowe's Motor Speedway.

According to the company's website, the Canton Massachusetts based coffee and baked goods chain is embarking on a major expansion effort into larger airport hotels, resorts and vacation ownership locations through the East, Midwest and Southwest regions of the country.
It's great to see new businesses opening in Cabarrus County, even in the midst of … (2 comments)

concord: RE/MAX Gold Opens NEW State of the Art Office - Concord/Kannapolis NC - 04/19/09 03:26 AM

RE/MAX Gold moved to our new state of the art facility in Janurary 2009!  
RE/MAX Gold agents offer our clients the best service available, by utilizing the latest in modern technology.  Our comfortable conference rooms are equipped with large flat screen wall mounted monitors to easily view property information. 
For clients who are interested in New Construction properties, we also have a one of a kind New Home Showcase Center.  Searching for your new home could not be easier... A convenient location where new construction choices are all at your fingertips. You can find your LOCATION, your AMENITIES, your FLOORPLAN so that you can have the home that … (1 comments)

concord: Grand Opening of Great Wolf Lodge - Indoor Water Park Resort - Concord NC - 04/12/09 08:34 AM
Great Wolf Lodge, the southeast's first indoor water park, opened in Concord NC on March 31, 2009!  The massive 475,000 square foot structure cost over 100 million dollars to build.  The lodge boasts over 400 guest suites and an 80,000 square feet, four-story tall indoor water park. 
The lodge is located just off Bruton Smith Blvd/Concord Mills Blvd, near two of the biggest NC tourist attractions, Lowes Motor Speedway and Concord Mills Mall.

Some local residents were disappointed to find out that the water park is ONLY open to lodge guests.  So, if you want to play in the indoor water … (1 comments)

concord: Concord NC- Electric rates to increase by 9% - 04/12/09 03:18 AM
Well, here we go again... another NECESSARY consumer service is going to cost us more, just when the average consumer is having a hard time making ends meet.
On Thursday April 9, the Concord NC City Council voted 6-0 to raise the electricity rates of its customers by 9%!  They say that the increase in due to an increase in fuel charges and a change in their contract with Duke Energy.  The city of Concord buys their electricity from Duke Energy at a wholesale rate and resells it to their customers.
Supposedly, the rate increase will cost the average household $7 per month.  Even though … (0 comments)

concord: Concord NC Area - Experienced Short Sale Realtor - FREE Help for Homeowners - 03/17/09 06:49 AM
What is a short sale? A short sale is a sales transaction in which the seller's mortgage lender agrees to accept a payoff of less than the balance due on the loan.
I specialize in negotiating with mortgage companies on behalf of homeowners who owe their lender more than the current value of their home and are experiencing a financial hardship, requiring immediate sale of their home.  This process is commonly referred to as a "short sale".
Here are some FAQs and basic information about Short Sales:
•  Do I qualify for a short sale?  If you owe more than the current … (0 comments)

concord: MLS Property Search - Concord NC Real Estate Listings and Homes For Sale - 02/28/09 02:50 PM

To search ALL currently available real estate listings and homes for sale in Cabarrus County, Concord North Carolina and surrounding areas, visit The Powell Team - Property Search Website. 
When you are ready to contact a Realtor, I'd appreciate the opportunity to earn your business.  As a Real Estate Broker, Realtor, and Accredited Buyer's Representative (ABR) with more than 9 years of new construction and residential real estate experience, I have the knowledge and dedication that you are looking for. Contact me today for one-on-one professional help and advice! 
You can also access many other helpful real estate tools on our website, such as:
Search Foreclosure & Preforeclosure Properties in Concord NC and the across … (0 comments)

Cheryl Powell -  The Powell Team, Concord,Harrisburg & Charlotte NC Area Real Estate (Southern Homes of The Carolinas - The Powell Team) Rainmaker large

Cheryl Powell - The Powell Team

Concord,Harrisburg & Charlotte NC Area Real Estate

Harrisburg, NC

More about me…

Southern Homes of The Carolinas - The Powell Team

Address: 5818 Highland Shoppes Drive, Suite C-5, Charlotte, NC , 28269

Mobile: (704) 363-8902

Email Me

I provide professional real estate services to Buyers and Sellers in Greater Charlotte NC, including Concord, Harrisburg, Kannapolis, Mooresville, North Charlotte, Salisbury and surrounding areas. My specialties include: Resale Homes - New Construction - Relocation - 1st Time Buyer Programs - Investments - Foreclosures - Short Sales. I have the experience, knowledge and dedication that it takes to get the best results. Contact me anytime to discuss your real estate needs!




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