Real estate blog entries tagged with greenville nc real estate by Liz Freeman (RE/MAX Preferred Realty)

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greenville nc real estate: Buying Greenville NC Real Estate Foreclosures - 08/14/10 06:07 AM

For many reasons this is a good time for potential home buyers to purchase Greenville NC real estate, and the large number of foreclosed homes available holds the promise of bargain prices.
Too good to be true? Perhaps. Buyers of foreclosed property, especially if it has been unoccupied and not maintained for some time, must be acutely aware of possible problems and trouble spots involved in such a sale and may have to realistically face some unpleasant facts. As Vince Mastronardi, president of On-Site Specialty Cleaning and Restoration, observes, "Buyers need to educate themselves about the potential pitfalls of purchasing distressed … (0 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - June 2010 - 07/26/10 05:53 AM

Congress recently extended the home buyer tax credit closing date to September 30. The measure would give more time to thousands of qualified home purchasers, who through no fault of their own are unable to meet the current closing deadline of June 30; however the measure would not extend the deadline for home buyers to qualify for the tax credit. The deadline extension applies only to homebuyers who have ratified contracts in place as of April 30, 2010, but could not close before June 30.
The April 30 deadline created a surge of home sales in April. Let's take a look … (0 comments)

greenville nc real estate: Be an Informed Investor in Greenville NC Real Estate - 05/03/10 10:27 AM

Investing in Greenville NC real estate can be quite profitable and safe. Such a transaction can also be challenging, especially for first-time investors, and requires prior planning, a time commitment, realistic goals, and careful consideration of the following factors.
1. Selecting a property. First decide on a location and the type of property you are interested in. Greenville NC real estate offers a wide variety of desirable locations sought after by renters. You might also consider proximity to good schools, public services, shopping centers, highways, etc.
Another decision will deal with the type of property you want to own--a single … (0 comments)

greenville nc real estate: Greenville NC Real Estate Market Trends - March 2010 - 04/27/10 01:12 AM

Pending home sales rose sharply in February, potentially signaling a second surge of home sales in response to the home buyer tax credit, according to the National Association of Realtors®. Contracts signed in February, rose 8.2 percent above February 2009. The data reflects contracts and not closings, which usually occur with a lag time of one or two months.
Lawrence Yun, NAR chief economist, said the improvement is another hopeful sign. "The rise in pending sales may signal the early stages of a second surge of home sales this spring. The healthy gain hints home prices are continuing to flatten. We … (0 comments)

greenville nc real estate: SELL SMART! 10 Strategies For Successfully Selling Your Greenville NC Real Estate - 04/13/10 08:15 AM

In today's competitive housing market, buyers can afford to be selective. It is, therefore, up to the seller to anticipate the demands of the buyer and act accordingly. The ten strategies listed below will help you accommodate the buyer's needs and make certain the selling of your Greenville NC real estate is a success.
1. Price sensibly. Listing too high initially is doubly dangerous. Price-savvy potential buyers will simply bypass your home in favor of more realistically priced Greenville NC real estate, thus limiting your market. In addition, you'll have to lower your price eventually, possibly below market level, to capture … (1 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - January 2010 - 02/22/10 01:33 PM

Home sales surged in the fourth quarter of 2009 with many areas seeing double digit gains according to the National Association of Realtors. Total existing-home sales (single-family and condo) jumped 13.9 percent above the third quarter and 27.2 percent above the fourth quarter of 2008. Distressed property sales accounted for 32 percent of the fourth quarter transactions, down from 37 percent from 2008.
Lawrence Yun , NAR chief economist, said the first-time home buyer tax credit, combined with record low interest rates, played a dominant role in fourth quarter sales. Yun went on to say, "With inventory levels trending down over … (0 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - Dec 2009 - 01/22/10 07:47 AM

Contract activity for pending home sales fell after a surge of activity in preceding months to beat the original deadline for the first-time home buyer tax credit but remains comfortably above a year ago, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in November, fell 16.0 percent to 96.0 from an upwardly revised 114.3 in October, but is 15.5 percent higher than November 2008 when it was 83.1.
Lawrence Yun, NAR chief economist, said a drop was expected. "It will be at least early spring before we see notable gains … (0 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - Nov 2009 - 12/18/09 01:07 PM

Pending home sales have risen for nine months in a row, a first for the series of the index since its inception in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in October, increased 3.7 percent to 114.1 from 110.0 in September, and is 31.8 percent above October 2008 when it was 86.6. The rise from a year ago is the biggest annual increase ever recorded for the index, which is at the highest level since March 2006 when it was 115.2 percent.
Lawrence Yun, NAR chief economist, said … (0 comments)

greenville nc real estate: Are Increasing Interest Rates Rushing Your Closing Date? - 12/04/09 05:23 AM

Buyer's often find themselves watching a property for a price reduction. Although getting the best deal possible when purchasing Greenville NC real estate is important, it is not the only factor that determines monthly payments on a home. Rising interest rates nearly diminish the positive aspects of waiting for prices to drop.
Most people are familiar with the basic trends in real estate that have been affected by the United States economic crisis. The listing prices of homes have been steadily declining over the past couple years. This has put people looking to purchase Greenville NC real estate at an advantage over those … (1 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - October 2009 - 11/23/09 08:17 AM

Congress has voted to extend the current higher Fannie Mae, Freddie Mac and FHA loan limits through 2010. The present loan limits would expire at the end of 2009 and revert to previous lower limits. The higher limits, along with the home buyer tax credit extension, are necessary to keep the markets moving at this critical time," said National Association of Realtors President Charles McMillan.
"Home sales have shown significant movement upwards in the past six months and reduced inventory in some segments of the housing market, but not in all. Home purchases in the middle-income and higher brackets have not … (0 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - September 2009 - 10/31/09 12:33 AM

Pending home sales have increased for seven straight months, the longest in the series of the index which began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in August, rose 6.4 percent to 103.8 from a reading of 97.6 in July, and is 12.4 percent above August 2008 when it was 92.4. The index is at the highest level since March 2007 when it was 104.5.
Lawrence Yun, NAR chief economist, said not all contracts are turning into closed sales within an expected timeframe. "The rise in pending … (1 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - August 2009 - 09/21/09 11:09 AM

Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in July, increased 3.2 percent to 97.6 from a reading of 94.6 in June, and is 12.0 percent higher than July 2008 when it was 87.1. The index is at the highest level since June 2007 when it was 100.7.
Lawrence Yun, NAR chief economist, said the housing market momentum has clearly turned for the … (0 comments)

greenville nc real estate: Things To Consider When Investing In Greenville NC Real Estate To Rent - 09/13/09 11:58 AM

If you are thinking of buying Greenville NC real estate and making it a rental property, there are a number of things to consider when choosing the property:
1. Location
If you will be renting to a year ‘round tenant, look for a property convenient to major employers, schools, shopping facilities, transportation.
2. Price
If you hope the rental income will be more than the cost of the monthly mortgage, insurance and taxes on the home, you should be careful to invest no more per month than the local rental market can bear. If your goal for rental income is to "break even" … (0 comments)

greenville nc real estate: What Makes Your Credit Score? - 08/07/09 10:25 AM

If you are buying Greenville NC real estate, you will want to know what your credit score is. Lenders look at your credit history, debt-to-income ratio and your credit score when qualifying you for a home loan. Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.2. How much you owe. If you owe a great deal of money on numerous … (0 comments)

greenville nc real estate: Greenville NC Real Estate Market Trends - June 2009 - 07/31/09 06:48 AM

Pending home sales show a sustained uptrend, rising for four consecutive months with very favorable housing affordability and a first-time buyer tax credit boosting activity, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in May, increased 0.1 percent to 90.7 from an upwardly revised reading of 90.6 in April, and is 6.7 percent higher than May 2008 when it was 85.0. The last time there were four consecutive monthly gains was in October 2004.
Lawrence Yun, NAR chief economist, cautions that there could be delays in the number of contracts that … (0 comments)

greenville nc real estate: Greenville NC Real Estate For Sale: 505 Lora Lane - 07/22/09 01:48 PM

Greenville NC Real Estate For Sale:
505 Lora Lane, Winterville NC 28590
MLS# 90950

Beauty, warmth and value is what you'll find in this three bedroom, two bath, 1346 square foot home located in the popular Craft Winds neighborhood, where a paved walk and cozy covered stoop lead you to the comfy living areas of this lovely home.
The great room offers vaulted ceiling, crown molding, ceiling fan, chair rail, gas log fireplace with bookshelves on both sides, soft plush carpeting, large windows with plantation shutters, and new paint. Whether you're entertaining friends and family, or unwinding after a long … (0 comments)

greenville nc real estate: Greenville Real Estate For Sale: 1214 Trafalgar Drive - 06/23/09 10:39 AM

Greenville NC Real Estate For Sale:
1214 Trafalgar Drive, Winterville NC 28590
MLS# 89979
A paved walk, professional landscaping and a large wrap around front porch with ceiling fan and pendent lighting, and white pillars add lots of Southern charm to the entrance of this impressive home. A cozy foyer with glass transoms, crown molding, and gleaming hardwood floors further enhance the beauty of the entryway. The great room has gas log fireplace with marble surround, ceiling fan, crown molding, chair rail, three large windows for an abundance of natural light, two small windows, and glass transoms over doorways.
The great room … (0 comments)

greenville nc real estate: Greenville NC Real Estate Sales Statistics - April 2009 - 05/26/09 07:55 AM

Pending home sales rose with many first-time buyers taking advantage of historically good housing affordability conditions, according to the National Association of Realtors®.
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, increased 3.2 percent to 84.6 from a level of 82.0 in February, and is 1.1 percent higher than March 2008 when it was 83.7.Lawrence Yun, NAR chief economist, said it should take a few months for the market to gain momentum. "This increase could be the leading edge of first-time buyers responding to very favorable affordability conditions and an $8,000 tax credit, which increases … (0 comments)

greenville nc real estate: Greenville NC Real Estate For Sale: 318 Rutledge Road - 05/19/09 06:58 AM

Greenville NC Real Estate For Sale:
318 Rutledge Road, Greenville NC 27858 MLS# 89598
Beautiful wooded grounds and professional landscaping lead guests to the inviting entrance of this grand two-story home. Upon entering the roomy foyer, featuring a crystal teardrop chandelier, crown molding, chair rail with wainscoting, staircase, interesting architectural details, and hardwood flooring, you will quickly appreciate this homes vast, open floor plan.
The captivating formal living room boasts a high ceiling with chandelier, crown molding, wood-burning marble fireplace, impressive hardwood flooring, and a dramatic bow window that adds both style and interest to the room. The adjacent library has … (0 comments)

greenville nc real estate: Greenville NC Real Estae For Sale: 1129 Bryson Drive - 05/15/09 02:40 AM

Greenville NC Real Estate For Sale:
1129 Bryson Drive, Greenville NC 27834 MLS# 90038
A gracious foyer, illuminated by a beautiful chandelier suspended from second story ceiling, crown molding, chair rail, a wall of upper and lower level windows, staircase and hardwood flooring leads you and your guests to the sophisticated living areas in this four bedroom two and a half bath home. An inviting great room with ceiling fan, crown molding, chair rail, plantation shutters, gas log fireplace, arched doorways, and soft, plush carpeting creates a relaxing atmosphere and is a room your family will love and enjoy.
The generous kitchen … (0 comments)

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