Category Archives: Lake Living – Mtn Island Lake – NC
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.
1) Amazing Maize Maze in Huntersville
Open from October 3rd until November 1st from 10:00 am-5:00 pm
They offer a fun corn maze, hayrides, games & pick a pumpkin.
**Children 13 and older are $11 and children 5-12 are $7.50
Address: 4431 Neck Road Huntersville, NC 28078
2) Carrigan Farm in Mooresville
Open from September 25th – November 1st from 9:00 am-4:00 pm on Saturday & Sundays
& Tuesday -Thursday 2:00 pm-4:00 pm
**$10 which includes a hayride to pumpkin patch, pumpkin, visit to the petting zoo & warm apple cider.
Address: 1261 Oak Ridge Farm Hwy Mooresville, NC 28115
3) Hodges Farm in Charlotte
Open September 25th until October 31st from 9:00 am-Dusk.
They offer a pumpkin patch, games and on the weekends pony rides and hayrides.
**$5 fee for admission Extra Cost: $5 pony rides & $5 hayride
Address: 3900 Rocky River Road Charlotte, NC 28215
4) Patterson Farm in Mt. Ulla / China Grove (Mooresville Area)
Open September 26th until November 6th on the weekends.
Saturday 10:00 am-6:00 pm and Sunday 12:30 pm-6:00 pm
They offer a corn maze, hay rides, pumpkin patch & play area
**Children 2 and under are FREE & 3-54 $9 and 55 and older $8
Pumpkin patch express (hayride only) $4
Extra cost: pony rides $4, corn maze $4
Address: 10390 Caldwell Road Mt. Ulla, NC 28125
5) Regal Corn Maze in Statesville
Open September 26th until November 1st (weekends only)
Fri 6:00pm-10:00pm – Sat 12:00pm-10:00pm – Sun 12:00pm-5:00pm
They offer a corn maze, fun games, face painting, hay tunnel & more
**Children 4 and under are FREE & 5 and older $9
Address: 347 Bell Farm Road Statesville, NC 28625
1) Autumn Farm & Vineyard in Gaffney
Open Weekends in October – Sat-Sun 12:00 pm until 7:00 pm
Field of Scream – Fri & Sat dark-until & Sun dark-10:00 pm
They offer pumpkin patch, corn maze, hayride, bounce house, games & more
**$5 during the day & $10 for Field of Scream
Extra cost: pumpkin (by size), bounce house $2 , games $1 each & food
Address: 2480 Pacolet Hwy Gaffney, SC 29340
2) Cotton Hills Farm in Chester
Open Saturdays in October from 10:00 am – 5:00 pm
They offer pumpkin patch, corn maze, farm tours, animals and hayrides
**$9 for adults, $7 for children 2-12 yrs and 1 & under are Free
(small pumpkin included in admission fee)
**They also host a Farm Fair– this year it is Oct 17th and it includes all actives mentioned above plus live music and additional activities for same price
Address: 2575 Lowrys Hwy Chester, SC 29706
3) Anne Springs Close Greenway in Fort Mill (Fall Frolic Weekends on the Greenway)
Open October 3rd – November 1st – Saturdays 10:00 am – 6:00 pm and Sundays 1:00 pm-6:00 pm
They offer wagon ride to pumpkin patch, hay maze, corn maze, animals and games.
**Members $8, Non-Members $10 and children 4 – under Free
(Members of Ann Springs Close Greenway)
Address: 1604 US Hwy 21 Fort Mill, SC 29715
Its as simple as one little word…PRICE
The price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. Putting your home on the market now instead of waiting for the increased competition of the spring might make a lot of sense.
Buyers in the market during the winter months are truly motivated purchasers. They want to buy now. With limited inventory available in most markets currently, a seller will be in a great position to negotiate.
Contact The Lee Ann Miller today to get your home Sold!
Posted by the KMC Crew on January 13th 2013
Many sellers feel that the spring is the best time to place their home on the market as buyer demand increases at that time of year. However, the fall and winter have their own advantages. Here are five reasons to sell now.
1) Only Serious Buyers Are Out
At this time of year, only those purchasers who are serious about buying a home will be in the marketplace. You and your family will not be bothered and inconvenienced by mere ‘lookers’. The lookers are at the mall or online doing their holiday shopping.
2) There Is Far Less Competition
Housing supply always shrinks dramatically at this time of year. The choices for buyers will be limited. Don’t wait until the spring when all the other potential sellers in your market will put their homes up for sale.
3) The Process Will Be Quicker
One of the biggest challenges of the 2013 housing market has been the length of time it takes from contract to closing. Banks have been inundated with both purchase and refinancing loan requests. Both of these will slow in the winter cutting timelines and the frustration these delays cause both buyers and sellers.
4) There Will Never Be a Better Time to Move-Up
If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by over 25% from now to 2018. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with historically low interest rates right now. There is no guarantee rates will remain at these levels in years to come.
5) It’s Time to Move On with Your Life
Look at the reason you decided to sell in the first place and decide whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
You already know the answers to the questions we just asked. You have the power to take back control of the situation by pricing your home to guarantee it sells. The time has come for you and your family to move on and start living the life you desire. That is what is truly important.
Contact your favorite Lake Norman real estate team today to get your home on the market.
(Whether Parents Should Add Student Drivers to their Insurance Policy)