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Kristin Ellefson
December 18th, 2014  |  +Kristin Ellefson  |  Add a Comment

Buyers Remorse, we’ve all heard of it, but you would think that after spending so much time looking at houses we would be well versed in picking just the right one, but that’s not always the case. Sometimes there are tons of good options, or sometimes, for whatever reason, you miss out on “the one” and then you always feel like you missed out on something better. BUT, sometimes there are just those things you don’t fully become aware of until you live in a house for a bit, and  those little things become big things, and the remorse sets in. Realtor.com recently talked about the top 9 items that cause buyers to regret their home purchase. Just remember, as you’re shopping, that you don’t want to fall for “love at first sight” take the time to find the home that will bring you the MOST things on your must have list. While you might not be able to check all the boxes, knowing what you can and cannot compromise on will go a long way to helping you avoid buyers remorse. So, what are the 9 things that most buyers regret later?

 

 

  1. Taking Lifestyle vs. Resale Value or vice versa
  2. Compromising on Size
  3. Taking a lesser number of bathrooms or bathrooms without the correct set up
  4. Number of bedrooms. Think about your future plans what WILL you need?
  5. Traffic. Have you visited the home during peak traffic hours?
  6. The Home’s “character”
  7. The Yard
  8. Pools
  9. The Little Things

 

 

Check out the full article to see what things you might be overlooking for now that you might regret later. Remember its easier to say no and keep looking than to have buyers remorse a few months after closing!

 
Brittany Lee
December 18th, 2014  |  +Brittany Lee  |  Add a Comment

This upgraded beauty in Springbrook was recently reduced! Click on the image above to view more photos of this home or read more about it!

MLS#: 3036528

4 Bedrooms, 2.5 Bathrooms

 

Better than new ! This Fairview D plan features 9 ft ceilings on main, gas log firplace in GR, large master down, dark hardwoods on main except master and laundry/mud. 3 bedrms, 1 full bath and loft/bonus area upstairs. 42 ” kitchen cabinets, granite counter top and island, SS app/gas range. 12 x 15 deck with private view. Seller updates include, upgraded lighting, ceiling fan in master, 2 inch blinds throughout, drapes, valances, soft closers added to kit. cabs, landscaping, black alum fence

 

Springbrook School Information:
Elementary School: Greenway Park Elementary School
Middle School: McClintock Middle School
High School: East Mecklenberg High School

 

Springbrook Real Estate Market Statistics:
Number of active listings in Springbrook: 7
Average listing price for all active listings in Springbrook: $355,371.43

 

The percent of original list price received in Springbrook has decreased 4.6% over the last 12 months to 97.4%.

The average sales price for homes in Springbrook has increased almost 30% over the last 12 months to $369,378.

The average number of days on the market for homes in Springbrook has decreased about 38% over the last 12 months to 127 days.

The Months Supply of Homes for sale in Springbrook has increased more than 81% over the last 12 months to a 2.9 months supply of homes for sale.

For more information on this listing contact Sherrie Andrews. To learn more about Sherrie click here.

 

 
Kristin Ellefson
December 17th, 2014  |  +Kristin Ellefson  |  Add a Comment

Do you ever have those days where you feel like your house is rebelling against you? There just doesn’t seem to be enough space in the kitchen for all your items, your closets feel like they are overflowing, you might have to convert your home office into a bedroom to accommodate your growing family. Sometimes it might just feel like it would be easier to pack up, sell the old house and move, but maybe there are solutions to your problems that you’re not thinking of. How do you know when its time to move, or just to improve? Much like the well-known HGTV show “love it or list it.” in life, sometimes there are situations that a little reorganizing and revitalizing your space can fix, and other times the space just doesn’t work for your family. Participants in the show have the luxury of having their space worked on and improved by professionals while they work with a Realtor® to find a place that could give their improved home a run for their money, but not all of us have that luxury. Realtor.com recently posted and article about some signs to look for when trying to decide the best course of action. You can read the full article here, or check out some quick questions to as yourself below!

 

Is it time to Move?

  • Know your market, How fast are homes selling in your area?
  • Does your home have the biggest features buyers are looking for?
  • Are you financially in a position to buy a new home?
  • Do you know your comps?
  • How quickly could you be prepared to move?

 

Is it time to Improve?

  • Get quotes, Can you afford to make the improvements?
  • Will they add enough value to your home to justify the cost?
  • How long will it take to make the improvements?
  • Are you willing to live in your home during a renovation?
  • Will the cost of a renovation/improvements weaken your buying power?

 

Consider the Things You can’t control:

Your current home’s school assignments, the size of your lot, the amount of traffic on your street, your commute, your access to stores and activities, and your neighborhood amenities are all things you cannot take with you and some may be things you aren’t willing to give up. Its important to consider how important these things are to your current quality of life and whether or not you can find a home that would offer similar features and still be in your price range.

 

When considering making a move or investing money into your current home, you want to make sure you weigh all your options to find the best fit for your current situation. Maybe spending a few bucks to improve some small things will help your home sell and you can find something more suitable for your lifestyle in a new home, OR maybe your home is almost paid off and investing money in the home to allow you to stay there and save longer is the perfect solution, and maybe you just fall somewhere in between. Whatever your situation, taking the time to think trough and price out all your options is going to be your best bet for making the right decision.

 
Brittany Lee
December 17th, 2014  |  +Brittany Lee  |  Add a Comment

This amazing brick home in Brookhaven is full of elegance! Click on the image above to view more photos of this home or read more about it!

MLS#: 3052736

6 Bedrooms, 4.5 Bathrooms

 

Stunning 3 story brick/stone home in the Enclaves of Brookhaven. Reduced 100k. Beautifully landscaped fenced bkyrd, priv for entertaining. This home features hdwds, elegant curved staircase w/open foy, 2 sty GR w/fpl. Gourmet kit w/SS appl, grnte c-tops, island & gas c-top. 1st lev BR/ofc w/priv BA. 2nd lev boast MB w/priv retreat, 3 BR’s w/BA’s & bonus rm. 3rd flr has 6th BR w/priv BA, 2nd bonus rm. Antioch EL school around the corner. Fridg, W/D, media equip & pool table incld.

 

Brookhaven School Information:
Elementary School: Antioch Elementary School
Middle School: Weddington Middle School
High School: Weddington High School

 

Brookhaven Real Estate Market Statistics:
Number of active single-family listings in Brookhaven: 5
Average listing price for all active single-family listings in Brookhaven: $565,380

 

The number of closed sales in Brookhaven has increased more than 15% to 38.

The average sales price for homes in Brookhaven has increased 14.4% over the last year to $565,445.

The average number of days on the market for homes in Brookhaven has decreased from 85 to 59.

There is currently a 3.7 Month Supply of homes for sale in Brookhaven.

For more information on this listing contact Melanie Bona. To learn more about Melanie click here.

 

 
Kristin Ellefson
December 16th, 2014  |  +Kristin Ellefson  |  Add a Comment

Need to add a little twinkle to your Holiday Spirit? Charlotte and the surrounding areas have some great drive through light shows and spirited residential areas you won’t want to miss this holiday season:

 

Speedway Christmas:
Saturday, November 22 – Tuesday, December 30, 2014 at the Charlotte Motorspeedway!

Speedway Christmas is open 6-10pm nightly with the Christmas Village open every Thursday-Sunday. Ticket prices are Monday- Wednesday: $15 per car or minivan (max 8 people), $40 per van (max 36 people), and $140 per bus (max 57 people) when the Christmas Village is closed. and Thursday-Sunday: $20 per car or minivan (max 8 people), $50 per van (max 36 people), and $175 per bus (max 57 people) when the Christmas Village is open. You can view one of the Carolina’s largest light displays, and drive on the track at Charlotte Motorspeedway! Additionally the speedway will be hosting movie nights each weekend with the following screenings:  12/19-12/20 at 7:00PM: A Christmas Story, 12/21-12/24: Frozen, 12/26-12/27: Frozen. Speedway Christmas will be closed on Christmas Day so make sure you plan accordingly! Click here for more information and to pre-purchase your tickets.

 

Christmas Town USA:
If you love a holiday tradition, this is one you can’t pass up. For the 59th consecutive year the Mcaddenville area has been lighting up the town creating a festive light display like no other! The lights will run through Friday December 26th, and make sure you plan ahead. This Holiday attraction brings out the masses so you’ll want to make sure you arrive in plenty of time to see the lights. The lights turn off nightly (Mon-Fri) at 9:30pm and Sat-Sun at 11pm. Get directions, check out the history of Christmas Town, and more on their website!

 

Local Neighborhood Lights:
If you’re more into the DIY route, Charlotte on the Cheap has posted a list of some of the best residential light displays in the Charlotte area along with the radio stations, if the lights are set to music! With displays all over the city, there is something for everyone to see, so make sure you check out this awesome resource if you’re looking to get into the holiday spirit and check out some awesome light displays!

 

 

 

 
Brittany Lee
December 16th, 2014  |  +Brittany Lee  |  Add a Comment

This absolutely beautiful home in Providence Plantation was just listed! Click on the image above to view more photos of this home or read more about it!

MLS#: 3051488

4 Bedrooms, 2.5 Bathrooms

 

Beautiful two-story home in a great neighborhood with a voluntary homeowner association. Immaculately maintained and with great bones. Cozy loft overlooks two-story Greatroom, Master bedroom on the main floor and a spacious finished basement just perfect for relaxing and entertaining. Screened porch overlooks wooded back yard. Add your personal touch and make this home your own.

 

Providence Plantation School Information:
Elementary School: Providence Spring Elementary School
Middle School: Crestdale Middle School
High School: Providence High School

 

Providence Plantation Real Estate Market Statistics:
Number of new active single-family listings in Providence Plantation: 4
Average listing price for all active single-family listings in Providence Plantation: $460,123.75

 

The number of closed sales in Providence Plantation has increased almost 5% to 87.

The average sales price for homes in Providence Plantation has decreased 3.6% over the last year to $454,928.

In the past year, the average number of days on the market for homes in Providence Plantation has decreased from 109 to 77.

There is currently a 5.5 Months Supply of homes for sale in Providence Plantation.

For more information on this listing contact Anish Shah. To learn more about Anish click here.

 

 
Kristin Ellefson
December 15th, 2014  |  +Kristin Ellefson  |  Add a Comment

 

Open house etiquette isn’t just for sellers and Realtors®, when you’re planning to attend an open house, it’s important to remember that you also have an obligation to follow the etiquette on the buyer side. But what is standard Open House Etiquette? Well, we’re glad you asked! Realtor.com recently posted some great information on this topic. The first thing to remember is that an Open House is a great time to peruse homes whether you’re looking as a serious buyer, just starting to think about looking or even stopping in on a “fact finding mission” for a friend. These are a great way for Realtors® to network and meet new clients and for people to see homes they may be interested in in a less formal setting, so attending open houses is always a great idea! Here are a few Do’s and Don’ts when you step into an Open House as a buyer:

 

 

  • Feel Free to let yourself in, unless there are instructions saying otherwise
  • Make sure to stop and speak with the hosting agent if you have questions and to pick up a flyer
  • If you ARE working with your own agent, make sure to let the hosting agent know
  • Remember you are in someone else’s home, so it’s always important to be mindful of their personal belongings
  • If a door is closed, make sure to ask about it before entering
  • If you’re touring and run into another group of buyers in a room, make sure to give them space to view the home privately, as you would expect from other buyers
  • Make sure to provide constructive feedback to the agent regarding things that might be beneficial to the buyer (excluding matters or personal preference ie. paint, decor, flooring etc.)

 

 

Being mindful of the sellers and other buyers at an open house will go a long way in making the event smooth and successful, and remember open houses are a great opportunity to check out different neighborhoods, styles of homes and more during your house hunt, so make sure to take full advantage of them! If you’re wondering what open houses might be coming up in the Charlotte area, check out our website for information on the upcoming events in the Charlotte area.

 

 
Brittany Lee
December 15th, 2014  |  +Brittany Lee  |  Add a Comment

This charming home in Myers Park features upgrades and lots of storage space! Click on the image above to view more photos of this home or read more about it!

MLS#: 3051600

3 Bedrooms, 2 Bathrooms

 

Charming all brick Myers Park home w/ tons of storage space! Beautiful wood flrs, plantation shutters and built-ins abound in this open flr plan home. Kitchen features granite, dbl oven, ss appl, recessed and under cabinet lighting. Bathrooms taken to studs in 2007 and renovated to include beadboard and tile. Flat lovely backyard, brick terrace, sunroom and HUGE concreted basement. Circular driveway plus more on lot parking spaces. Near greenway, Freedom Park and Park Road Shopping Center.

 

Myers Park School Information:
Elementary School: Selwyn Elementary School
Middle School: Alexander Graham Middle School
High School: Myers Park High School

 

Myers Park Real Estate Market Statistics:
Number of new active single-family listings in Myers Park: 2
Average listing price for all active single-family listings in Myers Park: $814,500

 

The number of closed sales in Myers Park decreased about 21% to 245.

The average sales price for homes in Myers Park has increased about 6% over the last year to $777,378.

The average number of days on the market for homes in Myers park has decreased from 93 to 77 in the past 12 months.

There is currently a 5.2 Month Supply of homes for sale in Myers Park.

For more information on this listing contact Lane Jones. To learn more about Lane click here.

 

 
Kristin Ellefson
December 12th, 2014  |  +Kristin Ellefson  |  Add a Comment

With 2015 near, some are wondering about a potential change in interest rates. With virtually no inflation, rates will likely remain low for most of 2015 but could flirt with 5.0 percent toward the end of next year. Construction permits and housing starts have upward momentum, which is news in some areas but familiar in others. Prices should continue their ascent but at a tempered pace compared to recent years, which helps preserve affordability for first-time buyers. New Listings in the Charlotte region decreased 7.1 percent to 3,155. PendingSales were up 13.3 percent to 2,778. Inventory levels fell 13.0 percent to 13,847 units. Prices continued to gain traction. The Median Sales Price increased 2.9 percentto $180,000. List to Close was down 0.8 percent to 131 days and Months Supply of Inventory was down 18.1 percent to 4.6 months. It has largely been another recovery year in 2014, yet mortgage credit and student debt remain obstacles even as the U.S. leads the global economy toward recovery. As this recovery matures, many metrics are approaching a healthy balancing point. Rates have remained much lower than most forecasters expected, and inventory levels finally started rising in most areas assellers generally listed more properties as a result of stronger prices. Job growth should continue and wage growth is expected to pick up.
Reprinted from November 2014 CRRA Monthly Indicators

 


 

 
Brittany Lee
December 12th, 2014  |  +Brittany Lee  |  Add a Comment

This stylish condo in SouthGate on Fairview is minutes away from South Park Mall! Click on the image above to view more photos of this home or read more about it!

MLS#: 3051680

1 Bedrooms, 1 Bathroom

 

Gorgeous and spacious (approx. 1,000 sf) 1 BR/1 Bath condo minutes to South Park Mall! Beautiful hardwood floors throughout except ceramic tile in bathroom. Very open layout! Large terrace overlooking trees and back of complex. Secured parking. Condo comes with a large storage unit. Gas fireplace. Granite countertops in kitchen. Large walk-in closet in master!

 

SouthGate on Fairview Real Estate Market Statistics:
Number of active single-family listings in SouthGate on Fairview: 7
Average listing price for all active listings in SouthGate on Fairview: $282,488.29

The number of closed sales in SouthGate on Fairview has decreased more than 37% to 5.

The average sales price for homes in SouthGate on Fairview has increased about 41% over the last year to $287,200.

The average number of days on the market for homes in SouthGate on Fairview has decreased to 65 from 89 in the past year.

There is currently a 2.9 Month Supply of homes for sale in SouthGate on Fairview.

For more information on this listing contact Molly Collins. To learn more about Molly click here.

 

 
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