real estate: 2009 Property Revaluation - 01/07/09 09:13 AM
Nash and Edgecombe County property values increased by 26 percent since 2001 say tax officials.
Property values in Nash County increased 22 percent while Edgecombe County values increased roughly 32 percent.
Tax officials in both counties are prepared for a surge of complaints. The official notices are schedule to be mailed on 1/16/2009.
David C Recker, Associate Broker, Realtor ® licensed in North Carolina. Reach David at: 252-442-2687 Copyright © 2009 By David C Recker, NC Real Estate Web Blog. All Rights Reserved.. *2009 Property Revaluation Released*
Related Articles:Local Market Improves10 Real Estate Predictions For 2009How To Get A Quick Sale … (0 comments)

real estate: 10 Questions To Ask Before You Hire Your Realtor - 01/04/09 02:50 AM
Make sure you choose a REALTOR® who will provide top-notch service and meet your unique needs.1. How long have you been in residential real estate sales? Is it your full-time job? While experience is no guarantee of skill, real estate - like many other professions - is mostly learned on the job.2. How many homes did you and your real estate brokerage sell last year? By asking this question, you'll get a good idea of how much experience the practitioner has.3. How many days did it take you to sell the average home? How did that compare to the overall market? … (1 comments)

real estate: Price Reduced on 207 Hopkins Avenue in Spring Hope, NC - 01/03/09 01:41 AM
Spring Hope, Nash County  -  Announcing a price reduction on 207 Hopkins Avenue, a 1,902 sq. ft., 3 bath, 3 bdrm 2 story. Now $200,000 - Quiet Neighborhood.
Property information
David C Recker, Associate Broker, Realtor ® licensed in North Carolina. Reach David at: 252-442-2687
Copyright © 2009 By David C Recker, NC Real Estate Web Blog. All Rights Reserved.. *Price Reduction on 207 Hopkins Ave in Spring Hope, NC*
Related Articles:1 1/2 Story For Sale in Edgecombe CountySingle Story For Sale in Old Carriage Farm
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real estate: Local Market Improves - 01/02/09 05:03 AM
Our local Real Estate Market has improved over the last few months. I'm not jumping for joy, yet, but we have seen an improvement none the less.
Bargain hunters snatching up foreclosures, home owners who pulled their properties off the market, and buyers starting to enter the market helped shrink out local inventory of available homes for sale to its lowest point since March 2008.
Total listing of homes for sale declined 5.1 percent in December compared to November, according to figures compiled from the Rocky Mount MLS.
Total listings at the end of December are a mere 1 percent higher … (0 comments)

real estate: How to Sell Without an Agent - 12/28/08 11:40 PM
How to Sell Your Home Without an Agent
1. Change ads regularly. Ads lose their effectiveness if repeated without change. Three days is plenty for one ad. Rewrite ads to appeal to different categories of likely buyers. Use plenty of adjectives. Spend time writing good copy because your ad competes with many ads for similar property.
2. Obtain purchase contract forms. Complete the purchase contract except for date, price, terms, and signatures. Make certain that you fully understand every provision. If a prospective buyer wants to use his or her own contract, be alert. Take it to an attorney. What might … (0 comments)

real estate: For Sale By Owner - Things to Consider - 12/26/08 02:17 AM
Many homeowners believe that to maximize their profit on a home sale they should sell it themselves. At first glance, they feel selling a home is simple and why should they pay a broker fees for something they could do themselves? In fact, close to 9% of all the homes sold last year were sold for sale by owner (FSBO). However, close to half of the FSBO's said that they would hire a professional next time they sold. Thirty percent said they were unhappy with the results they achieved by choosing FSBO. Why?Many FSBO's told us that the time, paperwork and … (0 comments)

real estate: Client Story - Jim & Maria Wanted to Retire to the Ashville Area - 12/21/08 11:33 PM
SituationI received a call from a couple wanting to sell their home in Brassfield Estates. Both Jim and Maria were retired and they wanted to move to the Ashville, North Carolina area. The couple had learned about me from my website, www.NCRealEstateWeb.com, and gave me a call.
During our meeting we discussed how I work, why I do the things I do, and exactly what I was going to do to help them get their home sold. At the end of the meeting they informed me that a friend had recommended another Realtor to them. They would contact me with their … (1 comments)

real estate: 2431 Cokey Rd, Rocky Mount, NC - Home on 7 Acres Overlooking Pond - 12/20/08 02:02 AM
1 1/2 Story For Sale in Edgecombe County
A Jewel Waiting To Shine
• 262 sq. ft., 2 bath, 2 bdrm 1 1/2 story - MLS® $150,000 - Priced to Sell
Edgecombe County, North Carolina  -  This rustic home with a cabin feel is Priced to Sell! Clean, paint, replace the carpet, and decorate...this is a jewel waiting to shine. This house needs some M_O_N_E_Y but mostly T_L_C. Put your elbow grease to work and gain instant equity! If you are looking for something to make your very own this is it. Your quiet retreat on a 7 acre lot. This is … (0 comments)

real estate: Some Are Less Inclined To Buy A Foreclosure - 12/19/08 12:10 AM
RealtyTrac and trulia just released the results of a new joint study. This study shows that fewer buyers are willing to consider purchasing a foreclosed property than they were seven months ago. Seven months ago, 54 percent of adults surveyed said they would consider purchasing a foreclosed home. In November, only 47 percent of adults say they'd buy a foreclosure.The main issue is perceived risk. With 80 percent of those surveyed citing hidden repair costs, a tricky buying process, and the possibility that the neighborhood will lose more value and drag the property down with it.To compensate for these risks, 75 … (0 comments)

real estate: 10 Real Estate Predictions for 2009 - 12/17/08 10:09 PM
2009 will be a year of more challenges and opportunities. Prepare yourself with these predictions from HGTV's FrontDoor.com Web site.
Sellers will continue to face falling home values in the new year because they'll be competing with banks and builders who are slashing prices to sell off the still-huge inventory of foreclosures and new homes. The Obama administration will act on its plan to crack down on abusive lending practices. Mortgage holders in danger of losing their homes will receive more assistance from a variety of programs since the Senate's Joint Economic Committee has predicted two million foreclosures in 2009. Banks' … (0 comments)

real estate: Thinking of Selling Your Home? - 12/16/08 10:07 PM
If you own real estate in the Greater Rocky Mount Area of North Carolina that you're thinking of selling, I would be happy to provide you with a FREE Market Analysis. I can help you decide if now is the best time to sell your home. Selling your home without the right agent can be time consuming, stressful, and costly. Contact me to learn how my strategic marketing plan and my expertise will successfully price, market and sell your home in a way the is convenient, simple and affordable to you!
Whether you are buying or selling a home, hire someone like me, … (0 comments)

real estate: Simple Repairs That Will Help Your Home Sell - 12/15/08 09:41 PM
Home improvements tend to inspire thoughts of large, expensive projects. Yet, it is often the little things that add so much value. Do you want to improve your home for resale or personal pleasure but don't want to spend a lot of money? Here are 10 improvements for under $100 each.  
Mailbox
A tired old mailbox detracts from your home's appeal. Replace it with a new one made of quality materials. Depending on the style that best suits your home, you can choose brass, iron, or other materials. You can put one of those cute green mallards on it, or … (0 comments)

real estate: Price it Right - 12/14/08 10:08 PM
Part of the reason so many houses here in the Rocky Mount area stay on the market for so long is that many are overpriced.
There are many reasons why Realtors list homes that are overpriced but that's not the topic of this post. I want to stick with the benefits of pricing your home correctly from day one.
The bottom line is that pricing your home correctly on the first day it is listed should lead to a quicker sale at a higher price. How can this be you ask. Let me explain.
The first couple of weeks your home … (0 comments)

real estate: 3719 Carriage Farm Rd., Rocky Mount, NC - Just Listed in Old Carriage Farm - 12/14/08 02:41 AM
Single Story For Sale in Old Carriage Farm
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real estate: Client Story #1 - Sellers needing to sell within 90 days - 12/12/08 08:29 PM
SituationI received a call from a couple needing to sell their home fast. The husband was a Deputy Sheriff in Nash County and had started a new job as a Police Officer in Knighdale, NC.
He had a deadline of when he had to relocate to Knightdale or he would risk losing his job. They had already listed with another Realtor for 6 months and the listing had expired with one showing.
Critical IssueThey desperately needed to sell their house within 90 days. Otherwise, he would be forced to rent an apartment in Knightdale and continue to maintain the house in … (0 comments)

real estate: How to Get a Quick Sale in a Slow Market - 12/12/08 04:21 AM
There are many things that determine if and when a house sells. However, three things stand head and shoulders above the rest. They are price, condition, and marketing. Lets take a look at these:
Price - Your home must have a reasonable and justifiable price. A good buyer's agent will look at comparables to determine if your house is priced correctly. Therefore, it must be priced within the range that comparable homes have SOLD for (reasonable) and the condition and/or unique features must justify your specific price.
Price is controlled by the market.
Condition - The condition of the property must … (0 comments)

real estate: Rocky Mount, North Carolina Area - Market Statistics for November 2008 - 12/08/08 09:49 PM
The following are indicators of the Greater Rocky Mount Area Real Estate Market. These statistics were gathered from data contained in the Rocky Mount MLS system and predominately cover Nash and Edgecombe Counties in North Carolina.
Active residential listings totaled 1066 properties. This is a decrease of 32 properties, or 2.9%, from 1098 in October. Inventories typically rise in the fall as the number of buyers dwindle heading into the winter.  
Newly listed properties totaled 128. This is a decrease of 36 new listings, or 21.9%, from 164 last month.
Sold properties totaled 60. This is a decrease of 28, or 31.8%, from last month's … (0 comments)

real estate: Another Firm Disappears - 12/08/08 01:35 AM
Last week I reported that the local Prudential Franchise went out of business. Unfortunately, it looks as though a second firm in as many weeks has been forced into memory.
This morning it was published that that Team One Real Estate has closed its doors. This was a highly productive and experienced local team that broke out a few years ago and opened their own office.
The economy, housing market, and credit freeze continues to take its toll on our business. I wish that the individual "Team One" members land on their feet.
David C Recker, Associate Broker, Realtor ® licensed … (0 comments)

real estate: Lowering The Mortgage Rates Isn't The Answer - 12/06/08 06:28 AM
The government continues to say that it has to address the problems in the housing market. According to news reports, the Treasury Department is considering a plan to drive down mortgage rates as low as 4.5% to help stimulate the housing market.  "Treasury officials said that the [buydown] plan could be a more effective way to help home owners than focusing solely on borrowers who are struggling to meet their monthly payments," the Washington Post story says. Under the Treasury plan, lenders would sell newly issued mortgage-backed securities to the government provided the interest-rate on the loans collateralizing the securities was … (1 comments)

real estate: Local Real Estate Firm Closes - 12/05/08 02:08 AM
I was reading the paper this morning, http://www.rockymounttelegram.com/news/slow-sales-close-prudential-franchise-276713.html, and saw that the local Prudential franchise, Prudential Ferrell Realty, has closed due to slow sales. The Prudential Ferrell Realty had offices in Rocky Mount and Tarboro.
The agents have been absorbed into the local Coldwell Banker and Century 21 franchises.
I want to extend my wish that all involved will recover and prosper in the near future.
Our local real estate market is suffering a perfect storm. The recession, a poor local economy, the credit crunch, constant bad news via news outlets, and low consumer confidence all combine to create a less … (0 comments)

 

David Recker

Rocky Mount, NC

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Connect Realty - http://www.NCRealEstateWeb.com

Address: 923 Eastern Ave., Nashville, NC, 27856

Office: (252) 442-2687

Mobile: (252) 467-3185

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Commentary, market information, and general musings on topics effecting the Greater Rocky Mount, North Carolina and surrounding areas. Published by David C. Recker, Associate Broker, RE/MAX Classic Realty


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