Posts Tagged ‘Charlotte Real Estate Blog’

Interest Rates Starting to Climb!

Tuesday, December 21st, 2010

Are you the wandering buyer that’s been on the fence awhile when it comes to purchasing a home? Well, let me just say….get off off the fence!! Interest rates are now rising, and it’s anticipated they may jump up a few more times before the end of the week.

If you can currently buy a home (on a fixed rate) for close to what you would be paying in rent anyway, then buy the home! With home prices down, interest rates still in a good place, and mortgage interest deductions on your tax bill, it really doesn’t make  much sense to keep writing that rent check.

I realize the economic uncertainity has paralized many potential home buyers, however unless you are planning to move again within the next 5 years, you have a very strong chance of weathering the storm and to be there for the next real estate upswing. Believe me, If I had the funds, I would be buying multiple properties all over the place.

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Posted in Charlotte Real Estate Blog | No Comments »

New FHA Insurance rates take effect soon!

Tuesday, September 14th, 2010

Upfront premium going down……..HOWEVER  Monthly premium will have considerable increase!

The FHA’s new mortgage insurance rates are effective for case numbers issued after October 4th. The upfront insurance is going down but the monthly premiums are going up which is going to create an unwelcome payment increase for those who started their shopping at the old rates. To take advantage of the current rates, buyers will need to act now. A case number can be obtained as soon as there is a fully executed purchase agreement. The new upfront premium will be 1.0% but the additional monthly premium for the minimum down payment borrower is going up from .55% to .90%.

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Posted in Charlotte Real Estate Blog | 1 Comment »

TOP TEN ITEMS FOUND ON HOME INSPECTIONS

Tuesday, March 2nd, 2010

Home inspections are an important part of the home buying process. The consumer needs to be sure they aren’t getting into a home that’s a real problem with major issues. It’s also important to note that it’s very common for an inspector to find many things that need to be addressed. Many items are very simple and should not be any cause for alarm. It’s important you have a Realtor on your side to help guide you through the process and let you know what may be a real cause for concern and what’s not worth losing a home over while negotiating repairs.
Below is a top 10 list put together by one of our local home inspectors…….
1) Termites
2) Wood Rot & Trim Damage
3) Moisture in the crawl space- Drainage Issues
4) Roofing Problems
5) HVAC Problems- clogged CDL line, etc
6) Windows- Broken seal, painted shut
7) Garage Doors- auto reverse, etc
8) Electrical Problems- Aluminum wiring-open grounds
9) Plumbing Problems- Disimilar metals, etc
10) Structural Issues- suppport piers, etc

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Posted in Charlotte Real Estate Blog | 52 Comments »

Interested in Charlotte NC Real Estate?

Saturday, December 27th, 2008

Hello! and welcome to my new landing page……home to all you Real Estate bloggers. I’m experimenting with this whole blogging concept and hope you’ll join me in making it a successful launch. I’m also designing this site to be a simple starting place for those arriving here only to search homes for sale or to gather quality information from one of my many Charlotte related websites.
You will notice to the right, there are navigation links listed under “Blogroll” and “Finance” to help guide and take you where you want to go. Please visit them and let me know if you see any improvements that can be made. And of course if you have a Real Estate or Charlotte NC comment or question, feel free to start posting. You can also subscribe to this blog by providing your name and email in the upper right corner. Thanks for stopping by and let me know if there is anything I can do to better serve your real estate needs.

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Posted in Charlotte Real Estate Blog | 22 Comments »