Lake Norman Real Estate 2010 Outlook
Congress has extended the first time home buyer tax credit. Please review the First Time Home Buyer Frequently Asked Questions . This is great news for those thinking of buying and selling a home in 2010. On November 4, 2009 the FED reiterated its intent on keeping interest rates low, another good sign for home buyers and sellers. However, other financial experts believe that the FED will have to raise interest rates to s

Lake Norman Real Estate- Newly Passed First Time Home Buyer Tax Credit FAQ
NAR Frequently Asked Questions Homebuyer Tax Credit Changes Here are some of the most frequently asked questions on the changes to the Homebuyer Tax Credit. Question: Existing homeowner credit: Must the new house cost more than the old house? Answer: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit. Question: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a

Lake Norman – First Time Home Buyer Extension Update
The first time home buyer tax credit extension and expansion is ALMOST done!  Lawmakers in the Senate moved closer to signing the bill by voting 85-2; this would extend the home buyer tax credit until April 2010 rather than November 30th, 2009. The new plan will extend the current $8000 tax credit for new home buyers through April 30th and will also offer a $6500 tax credit for move up buyers who have been in their current residence for over five years. Read the entire article

NC Offer To Purchase,Did you know?
I have recently had questions about the effective date of our NC Offer To Purchase. Sadly some of the explaining I have had to do was to agents I have done transactions that should have known better. In a nutshell, here is what you need to know. The effective date of the contract is the date in which both parties have signed. However, if any changes are made to the contract, the new effective date is the date both parties initial this change. If you or your agent are not also placing a date next to the initialed changes, then you are setting yourself up for potential disputes. Lastly, where you or your agent enters a timeframe that something is due

Lake Norman Real Estate;Pricing Your Home
How To Price Your Lake Norman Home A home will sell for two reasons: price and exposure. In the real estate market for the 21st century, exposure has taken a new turn with the advancement of many Internet technologies for real estate. Be it as it may, the real estate industry’s new exposure tools will not help a home sell if the home is not priced correctly. When considering putting your home up for sale, it is very important to first analyze your real estate market on a subdivision level, not a metro-area level, to derive the features and amenities that are driving the value in your neighborhood. You must then establish a pricing strategy in accordance with you