charlotte homes: Mortgage Rates Hit Six-Week Low in Charlotte NC - 04/29/11 09:03 AM
Mortgage Rates Hit Six-Week Low in Charlotte NC
Rates fell to a six-week low this week.
Per Freddie Mac, A 30-YR fixed-rate mortgage averaged 4.78% this week. That's down from 4.8% last week. A 15-YR fixed-rate mortgage fell to 3.97% which is down from 4.02% last week. While the 1-YR adjusted rate mortgage averaged 3.15% which is unchanged from the prior week.
If you are looking to buy ... what are you waiting for? Home prices in the Charlotte NC market fell 5% for the year ended in FEB. The FEB prices were 1.2% down from JAN. The price drop in … (0 comments)

charlotte homes: Want To Cut Your Mortgage Payment? Here’s A Little-Known Strategy That May Be Worth Looking Into - 01/13/11 12:03 PM
A recent article in The New York Times lays out a little-known strategy that can cut your mortgage payment.
The strategy, called "recasting" or "re-amortization" involves paying off a lump sum of the principal amount and then asking your lender to reset the monthly payments using the original interest rate and loan terms. The lump sum payment reduces the principal amount so your monthly payments would decrease somewhat, reducing the interest paid over the life of the loan.
Not all lenders or servicers will allow you to do this, but it may be worth making a phone call and looking into it. … (0 comments)

charlotte homes: Mecklenburg County - 2011 Property Tax Value Revalution Notices Soon To Arrive - 01/05/11 05:08 AM
It's now 2011 and here in Mecklenburg County that means the new property tax values for approximately 360,000 parcels. This isn't a surprise, we actually were suppose to do this in 2009 but the County delayed the reavaluation for two years due to the economic downturn. But the time has arrived and many property owners may not be happy in the next few weeks when they receive their notices.
North Carolina law states that all counties must revaluate property values at least every eight years. Mecklenburg county's last revaluation was in 2003. Revaluation is when the county reappraises all properties within the county … (0 comments)

charlotte homes: Happy New Year To You All - 12/30/10 09:41 AM
The passing of another year gives us time to pause and reflect all that has been and all that will be. Here's wishing you and your loved ones a very happy, prosperous and joyous New Year. 


charlotte homes: Pre-Foreclosure/Short Sale Opportunity in South Charlotte NC - 12/29/10 03:04 PM
PRE-FORECLOSURE/POTENTIAL SHORT SALE - Located in Shadowlake off of Carmel RD, this is a great opportunity to own in South Charlotte. The home is situated on a quiet cul-de-sac 0.42 acre lot that backs up to McAlpine Creek ... don't be surprised to see an occasional white-tail deer passing by in the morning or evening hours. You will be close to pretty much everything: Carmel Commons Shopping Center, Southpark Mall, Carolina Place Mall and The Arboretum Shopping Center. Shopping and restaurants are just an easy drive away. The home does need some repairs and clean-up that the seller is not financially … (0 comments)

charlotte homes: Beautiful Home in Charlotte's Highly Desired Midwood Neighborhood - 12/29/10 10:18 AM
This completely remodeled ranch home is located in the highly desired Midwood neighborhood, located just outside of Uptown Charlotte. This brick home was originally built in 1932 but has recently been completely renovated with modern amenities (42" Cherry cabinets, custom countertops, "Bruce" hardwoods, 30-YR shingles, energy efficient windows & doors with Thermal Guard insulation board and stainless steel appliances). The homes floorplan was designed for an accessory dwelling unit that could be converted for a guest/in-law suite or rental income unit. The seller, a NC licensed real estate agent, as well as a contractor, is open to discussing modifications any potential buyer … (0 comments)

Scot Draper, Broker/Realtor, ABR CDPE CIAS (RE/MAX Executive Realty)

Scot Draper

Broker/Realtor, ABR CDPE CIAS

Charlotte, NC

More about me…

RE/MAX Executive Realty

Address: 2901 Coltsgate RD, Suite 100, Charlotte, NC, 28211

Mobile: (704) 965-2941

Fax: (704) 631-4965

Email Me

Welcome to my Blog. Here you can learn more me and my thoughts on the Charlotte real estate market as well as real estate in general. Feel free to post comments or to contact me directly with your questions. Explore the links and search for your next home. And remember, if it's important to you ... it's important to me!



RSS 2.0 Feed for this blog