Real Estate Tips: Should You Buy Before Winter Hits ?

It’s that time of year; the seasons are changing and with them bring thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether now is the right time to buy don’t have to look much farther to find four great reasons to consider buying a home now, instead of waiting. 

1. Prices Will Continue to Rise

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 10.5% (most pessimistic) and 25.5% (most optimistic).

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase

Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.

An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.

3. Either Way You are Paying a Mortgage

As a recent paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But, what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.

Bottom Line

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

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Real Estate: 5135 Pelican Point Drive in Denver

Pelican Point
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5135 Pelican Point Drive – Denver, NC 28037

  Lot Size: 5 acre lot

Acreage in beautiful, serene & gated neighborhood of Pebble Bay. Pebble Bay is located in the fast growing area of Denver with low taxes. Build your dream home in a lovely community with privacy, mature landscaping, and custom homes. Owning 5 Acres ensure the ultimate privacy plus, it is located at the end of a cul-de-sac. Community offers day docks, private boat ramp, lake access & boat storage. Contact Lee Ann for more information.

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Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available.


Real Estate: 1164 Lowes Lane in Iron Station

Lowes Lane
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1164 Lowes Lane – Iron Station, NC 28080

  Bedrooms: 4            Full Bathrooms:  3         Half Bathrooms:  0
   Square Feet:  Approx. 2,760                           Lot Size: 1.20 acres

Want the country life on 1.20 acres? Want to stay close to conveniences? Want to have horses or livestock? Tired of HOA’s? This is the home for you! The home that offers a rocking chair front porch Large Main level master in home with 2 additional bedrooms on main level & 4th br up. Large bonus room upstairs with a full bath and quiet and quaint reading or study nook. Upstairs bedroom is large and has access to the full bath. Quiet setting & horses and other farm animals are allowed.

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Real Estate: 5066 Bridge Way in Denver

Bridge Way
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5066 Bridge Way – Denver, NC 28037

  Bedrooms: 4            Full Bathrooms:  4         Half Bathrooms:  0
   Square Feet:  Approx. 2,950                           Lot Size: .57 of an acre

Charming home with incredible 280 degree, main channel views of Lake Norman! The over 300 feet of pristine shoreline, on this fabulous point lot, ensures panoramic views all year long! The home features a two-story vaulted ceiling, over sized stone fireplace with 100 year old mantel, large 9 foot windows frame the beautiful lake views, expansive decking for outdoor entertaining, boat slip with sundeck & year round deep water. You will feel the warmth and love as soon as you enter this home. The views, you will just have to see them for yourself!! 

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Real Estate: 7519 Pine Ridge Drive in Denver

Pine Ridge -Back
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7519 Pine Ridge Drive – Denver, NC 28037

  Bedrooms: 5            Full Bathrooms:  3         Half Bathrooms:  1
   Square Feet:  Approx. 2,825                            Lot Size: .58 of an acre

If you like lake living, you will love this one! Wide open views, 250 feet of shoreline, level lot, seawall, pier, covered sitting area, boat lift, jet ski port & views you have only dreamed about!  Two living spaces – one with fireplace and both offer great lake views. Stainless steel appliances & granite tops in kitchen. Freshly painted and neutral interior.*** Man cave alert*** the detached & over-sized 2 car garage is heated and cooled with workshop. Perfect for the car enthusiast, woodcrafter, hobbyist or man cave. Great location and great views! What are you waiting for? 

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Some properties that appear for sale on this blog may subsequently have been sold and may no longer be available.


Your Needs vs Your Wants When Searching for Your Dream Home

12.5.14 Wants vs Needs
Ready to move and excited about the prospect of getting “everything you ever wanted” in a home? Of course, that’s where we all start, but budget and other realities soon factor in.

So how do you make your dreams come true without breaking the bank?

The key is setting a realistic budget – and understanding the difference between what you want and what you need.

Start by sharing the information below with your Allen Tate Realtor to help determine what you can afford, your preferred location, home size – and what your expectations are.

  • Budget – Get pre-qualified now to determine what monthly mortgage payment you can afford and loan amount you qualify for.
  • Location – Do you want to be close to work and/or school? In urban, suburban or rural area?
  • Size and type of home – How many bedrooms, baths, etc. Single family, townhome or condo?
  • Condition of home – Are you looking for a fixer-upper, new construction or an existing home in top condition?

The next step is to create is a simple list regarding the amenities you want. This exercise will help you and your Realtor set priorities:

  • Don’t Want
  • Like
  • Need
  • Must-Haves

Be sure to include everything you’ve ever dreamed about – maybe granite kitchen countertops, a wood-burning fireplace, a three-car garage, a four-person whirlpool, the best school district in the city and other features. Then decide where these amenities belong on the list. Also include the deal breakers – a two-story home, corner lot, busy street, etc.

By prioritizing the amenities on your list, you and your agent will get a clear picture of what you might be willing to trade off for the right location.

By helping your agent play matchmaker between you and your next home, you’ll hopefully find the home with what’s most important to you – and a few pleasant surprises as well.

Phyllis Brookshire
President, Allen Tate Realtors®

Real Estate: 2135 Regatta Lane (307) in Denver,NC

Regatta Ln 2135Click on the address for more information & pictures 
2135 Regatta Lane #307 – Denver, NC 28037


   Bedrooms:  2        Full Bathrooms:  2       Half Bathrooms:  0
Square Feet:  Approx. 815                           Lot Size:              

 Customized, waterfront penthouse with awesome lake views! Custom wood cabinets in kitchen with high-end Amazon Fire granite countertop & fireplace surround. Custom & hand carved wood mantel over fireplace. Custom built-in cabinets & storage in owners suite & second bedroom. Plus, 300 square foot, floored attic space unique to this condo!! Great covered terrace with sit at bar overlooking lake. Fabulous condo & views! Boat slip included! Pet friendly condo. Community amenities include tennis court, pool, docks, lake access with private beach and a play area for pets. Located only minutes from new 4 lane Hwy 16, Hwy 73 & Hwy 16 intersection, Hwy 150, shopping, restaurants and more…

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Some properties that appear for sale on this website may subsequently have been sold and may no longer be available. 

Real Estate Tips: Buying new construction? Yes, you need a Realtor®.

New Home for 2.25.14
With new home sales in 2013 up 16.4 percent over 2012, it’s clear that many homebuyers are considering new construction homes again.

And, since most new developments have an agent on-site, new construction homebuyers may wonder why or if they need a Realtor®. Let’s take a moment here to examine the question more closely.

Buying a home is likely the biggest investment you will ever make, so it’s generally a good idea to have a Realtor on your team.

A Realtor will help you learn about buying a new home, find a builder in your target location and budget, help you explore the latest building trends and become a more educated consumer. When looking at new construction developments, a Realtor can help you find and compare different communities, builders and floor plans.

If you make the decision to go with a particular builder, it is the on-site sales agent, who works for the builder, who will help you make flooring and lighting selections and write your sales contract. Your Realtor will help you negotiate the contract, explain the process and be your advocate throughout the transaction.

Using a Realtor as your representative in this transaction won’t increase the price of the home, nor will not using a Realtor reduce the price of the home.

Before you close on your purchase of a newly constructed home, you, your Realtor and the builder will do a final “walk-through”, providing an opportunity to spot items that may need to be corrected or adjusted. During the inspection, your Realtor can advocate for you and ask the right questions about:

  • The operation of the house’s components
  • The buyer’s responsibilities for maintenance and upkeep
  • Warranty coverage and procedures

Buying a newly constructed home can be more complicated than it first appears. Representation by a Realtor gives you peace of mind, and an expert set of eyes to make sure that you get the home you expect and deserve.

Tony Jarrett
Allen Tate 
Regional Vice President, Triad

Posted 2/25/2014

Real Estate: 295 Bent Tree Drive – Stanley,NC (Denver Area)

P7311033 (2)Click on the address for more information & pictures 
295 Bent Tree Drive – Stanley, NC 28164

                        Bedrooms:  5                   Full Bathrooms:    4               Half Bathrooms:  0 
                       Square Feet:  4,500-5,300                                               Lot Size:  .30 of an acre

Dynamic custom home in desired Treetops of Cowans Ford Community. Unbelievable finishes, extra details & stunning bonus room over 3 car garage. Truly an open plan to maximize fun with family & friends. Owners’s suite & 2nd bedroom or home office on main level. Exceptional kitchen with oversized island, granite tops, upscale, stainless appliances & opens to gathering room. Beautiful hardwood floors, ceiling detail, & crown molding throughout main level. Just a work of quality & beauty. Stanley address but in Denver area of Lincoln County. Close to Cowans Ford Country Club & Golf Course, lake access, schools, shopping, upscale shopping, restaurants & major roads. Take a closer look today! 

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Real Estate: 8045 Cross Creek Lane – Denver,NC

Cross Creek

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8045 Cross Creek Lane – Denver, NC 28037

  Bedrooms:  4                    Full Bathrooms:    3               Half Bathrooms:  0 
  Square Feet:  3,400-4,100                                                Lot Size:   1.30 acres

Stunning custom home in the Stillwater community. Beautiful hardwood floors, easy main level living, owner’s suite, guest bedroom, & home office on main, lower level doubles as second living quarters, lots of storage space, screened porch, covered patio & community boat storage. Large kitchen w/stainless appliances, tile floor, custom backsplash, breakfast bar, & open to separate breakfast area. Huge owner’s suite w/private full bath & generous walk-in closet. Lower level includes entertaining space w/full kitchen, 2 bedrooms, full bathroom & family room. Large 1.30 acres of wooded privacy. Wonderful location! Close to lake access, schools, shopping, upscale shopping, restaurants & major roads. Take a closer look today! Too Late! SOLD

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