Tuesday, May 9, 2017 / by Marketing Team
With as many people as there moving to or within North Carolina, first-time home buyers aren’t the only ones interested in what will happen to mortgage rates throughout this year.
As many experts predicted, mortgage rate jumps have averaged at around 4.125% to 4.19%, compared with 3.66% this time last year. So what exactly does that mean for you in being able to buy a North Carolina home in 2017?
Here’s what the experts want you to know about 4 mortgage rate trends:
1. An increase in rates is imminent when there is a gap in the supply and demand for housing.
Typically, a healthy balance is at a 6-month supply for inventory. Right now, the city of Charlotte has only enough to go around for approximately 2 months, give or take. While the construction of new homes does help meet the demand, it also means that if you are selling a North Carolina home, now is the best time to find the right buyer!
2. With consumer confidence so high ...
Friday, April 28, 2017 / by Marketing Team
4 Top Questions Answered About the Escalation Clause
According to the North Carolina Association of REALTORS®, an escalation clause is legally enforceable when buying a North Carolina home, as a means of increasing the offer in your purchase contract up to a predetermined limit, to compete with other offers.
It’s a strategy that can improve your chances of winning a bidding war on a home you want to buy. But before you include one with your offer when buying a North Carolina home, here are the answers to the 4 most-asked questions about having an escalation clause in your real estate contract:
1. Should I use an escalation clause?
In North Carolina, the use of an escalation clause is at the discretion of the seller to accept or reject as part of your offer and the rest of its terms, as they would with other submitted offers; the clause may only be written into your contract by a lawyer, and not your real estate agent. With Charlotte’s eco ...
Wednesday, April 19, 2017 / by Marketing Team
3 Hot Tips for Selling Your Charlotte Home This Spring
If you are selling your Charlotte, NC home, spring has always been the traditional time of year for being able to sell more readily. However, with milder temperatures during the winter months, home sales so far this year didn’t see a seasonal drop as they typical do. Instead, the demand for available homes has been high for January, February, and March with many first-time millennial and move-up buyers, while the inventory hasn’t been able to keep up. So don’t wait for the market to get even busier – now is the time to act.
Sell your Charlotte home using these 3 crucial tips:
1. List Your Home in April. It’s not too late to get your Charlotte home on the market! Based on current inventory, statistics report that this month provides a good window of opportunity to sell your home in the south for a great price. As the season contin ...
Friday, April 14, 2017 / by Marketing Team
Thinking of moving to Charlotte? Here are 8 great neighborhoods to consider.
Neighborhoods in Charlotte, NC are all unique, as they are interesting to explore and are conveniently located to the rest of all that the area has to offer singles, couples, and families. As a growing city, Charlotte continues to be influenced by its thriving economy and growing number of residents. It is a place where the people are friendly, the architecture is beautiful, and the pace is a little slower than in other major cities. If you’re moving to Charlotte, and want to know where to live, then you won’t want to miss what these 8 neighborhoods have in store for you:
1. Ballantyne – Considered the most popular residential area for avid golfers, this neighborhood has a good balance between housing, business, entertainment, dining, and shopping choices. Once known as a hunting preserve on the property of the Harris family, Ballantyne was devel ...