charlotte real estate: Mortgage Rates Continue to Drop in Charlotte NC - 06/12/11 04:01 AM
Mortgage Rates Continue to Drop in Charlotte NC
Rates moved lower again this week ... a 30-YR Fixed Rate mortgage averaged 4.49%, down from 4.55% the prior week (per Freddie Mac).
A 15-YR Fixed Rate mortgage also averaged lower at 3.68%, down from 3.74%.

charlotte real estate: Madrona Specialty Foods Opening Hub in University Area of Charlotte NC - 06/02/11 09:01 AM
Madrona Specialty Foods Opening Hub in University Area of Charlotte NC
The Charlotte Business Journal reported today that Madrona Specialty Foods of Tukwila, WA will be expanding operations to the East Coast by opening a manufacturing & distribution facility in Charlotte.
The maker of specialty crackers, cookies and candies has signed a lease for a 88,000 square foot industrial building on Lakeview RD near I-77 & W. WT Harris Blvd.
The company plans to have the facility operational by August and plans to hire 30 production & warehouse workers immediately. It plans to hire an additional 50 employees during the next … (0 comments)

charlotte real estate: 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 real estate: Mortgage Rates Heading Lower in Charlotte North Carolina - 04/25/11 01:04 AM
Mortgage Rates Heading Lower in Charlotte NC
Long-term mortgage rates headed lower this past week after increases for the past four consecutive weeks.
The reason according to Frank Nothaft, Chief Economist for Freddie Mac - "Low inflation is keeping mortgage rates at ba.". "The 12-month growth rate in core prices was 1.2%, which is rather low by historical standards."
A 30 YR fixed-rate mortgage averaged 4.8% in the week ending April 21, down from 4.91%. A 15 YR fixed-rate mortgage averaged 4.02% which was down from 4.13% in the same period.

charlotte real estate: Realtors Care Day in Charlotte NC - April 8 - 04/01/11 02:10 AM
Realtors Care Day in Charlotte NC - April 8
Next week is our 3rd annual Realtors Care Day. This is a great event and fulfilling for me as a Realtor and a citizen of the Queen City. Last year 600 local Realtors came together to help out 31 homeowners. This year we will be helping 22 deserving homeowners that have home repairs needing to be done but find themselves unable to do so.
My team last year helped a great family by installing a new roof, fixed doors & windows and painted an exterior building. This year we will be fixing … (0 comments)

charlotte real estate: 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 real estate: NC Shuts Down Another Foreclosure-Rescue Company - 01/11/11 01:02 AM
The NC Attorney General's office has shut down another "alleged" foreclosure-rescue company that operated out of locations in Charlotte and Colfax.
According to a recent article in the Charlotte Business Journal, the company operated under the names Hazelton Management and The Carley Group. The owner, Reginald Keith Turner, is now permanently prohibited from foreclosure assistance, loan modification and debt-relief work in the state.
His businesses were accused of charging homeowners an advance fee of as much as $2,500 but did little or nothing to help save those clients' homes.
It's important to remember that under North Carolina law, it's illegal to charge … (1 comments)

charlotte real estate: 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 real estate: 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 real estate: 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 real estate: 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)

charlotte real estate: University City Home in Charlotte NC (HouseCharlotte Downpayment Assistance Program Eligible) - 12/29/10 10:15 AM
This great, well-maintained cul-de-sac home is located in the University City region of Charlotte. This home, with a large, fenced rear yard is great for entertaining or letting the children or pets play. It also backs up to a local city park with soccer field, basketball court, playground and picnic areas. This 3 Bedroom, 2.5 Bath home is a great home for the First-time Homebuyer because it is located in an eligible HouseCharlotte zone. You will be in a growing part of the city and close to great shopping and restaurant destinations. In addition, you will have several options for your … (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

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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!



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