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: 7992 Blue Water Court – Denver, NC

Blue Water

                      Click on the address for more information & pictures                           7992 Blue Water Court – Denver, NC

 Bedrooms:  4              Full Bathrooms:  2       Half Bathrooms:  1
Square Feet:  Approx. 3,200                              Lot Size: .73 of an acre

Exceptional waterfront home in Denver! Windows everywhere to help maximize the beautiful lake views. Oversized 3 car garage, large lot with great landscaping, private pier/dock with boat slip & a swimming pool. Enjoy a sunroom with lake views. Kitchen with granite top & breakfast bar. Two story great room with lake views & opens to second level. All bedrooms offer a lake view. Spacious owner’s retreat with stunning lake views & private balcony. Great location too with easy access to to major roads, shopping, restaurants, golf courses and more…

Click here for date of Open House

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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: 8973 Azalea Road in Sherrills Ford

Azalea Home wide_136242-53_2319738Click on the address for more information & pictures 
8973 Azalea Road-Sherrills Ford NC 28673


   Bedrooms:  4  Full Bathrooms:  4   Half Bathrooms:  2
Square Feet:  Approx. 6,415             Lot Size:  .70 


Magnificent Colorado Rockies home with a beautiful Lake Norman backdrop plus located on one of the best lots on Lake Norman! First class finishes, high ceilings, exposed beams, large room sizes & lake views from most rooms. Duke Power State Park across the channel so no homes to look at – only nature! After a long day, surround yourself with 270 degree views, sounds of nature, multiple fireplaces & enjoy the expansive outdoor decks & patios this home has to offer. A rare find that offers a wonderful escape from the real world! Truly an exceptional home & views!

*Lot next door also for sale with 4 car garage,living quarters & private dock with covered slip! 

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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: 16948 Summers Walk Blvd in Davidson, NC

   Click on the address for more information & pictures 
16948 Summers Walk Blvd – Davidson 28036


   Bedrooms:  2          Full Bathrooms:  2           Half Bathrooms:  1 
                      Square Feet:  1,000-1,300                            Lot Size:                                        

All brick townhome located in the Summers Walk community with Davidson location and schools. Beautiful hand scraped hardwood floors on main, fireplace in great room, kitchen that opens to dining area and a single car garage that leads to fenced courtyard. Great community amenities as well with swimming pool, clubhouse, walking trails & dog park! Close to schools, shopping, upscale shopping, restaurants & major roads. Too Late! SOLD

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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: 7158 Channelview Drive – Sherrills Ford,NC

2150112_7158_Channelview_Dr-22 sm

Click on the address for more information & pictures 
7158 Channelview Drive – Sherrills Ford, NC 28673

  Bedrooms:  4                    Full Bathrooms:    4               Half Bathrooms:  2 
  Square Feet:  4,100-4,900                                                Lot Size:   1.14 acres

Looking for a gorgeous waterfront home with privacy! Your search stops here. This elegant home will welcome you with hardwood floors, stunning lake views & superb attention to details. Enjoy high ceilings, Nuvo home system, screened porch, gourmet kitchen, bar/entertainment area, outdoor firepit, & RV hook-up w/sewer. Wonderful setting with room to play. 2 Double car garages (one w/heated & cooled office space) & a 14 x 24 storage shed that will remain. No HOA dues & home warranty included. Must See This Home Today!    Too Late! SOLD

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

Real Estate: 272 Treetops Drive – Stanley,NC


Click on link for more information & pictures –

272 Treetops Drive – Stanley, NC 28164

   Bedrooms:  4                           Full Bathrooms:    4                    Half Bathrooms:  1 Square Feet:  3,800-4,600                                                                 Lot Size:   .46 Superb Quality and Home  with 4 Bedrooms, 4 Full Bathrooms and 1 Half Bathroom. Owner’s Suite and Bedroom Suite 2 Are Located on Main Level. Wonderful Details, High Ceilings, Exposed Beams, Lots of Windows and Manicured Lawn Define the Home. Great Room Features a Stunning Stone Fireplace Flanked by Custom Bookcases and Two Story Cathedral Ceiling. Formal Dining Room is Large in Size and has a Coffered Ceiling. Large Kitchen with Granite Tops, Nice Center Island, Gas Range/Hood, Warming Drawer, Huge Breakfast Bar and Great Cabinet Space. Spacious and Private Owner’s Suite with Lovely Bathroom and Walk-in Closet. Two Additional Bedrooms on Second Level that are Extra Large in Size and Each Offer a Private Bathroom. You Could Use One as a Bonus Room. Home Also Features a Covered Patio, Patio, Extra Large 3 Car Garage, In-Ground Irrigation System and Professional Landscaping.  Can’t Beat the Denver Location (but Stanley Address) with Cowans Ford Golf Course and Lake Access Close By. Convenient to Shopping, Restaurants, Major Roads (I-77, I-485, Hwy 73, Hwy 16, Hwy 150), Airports, Charlotte Huntersville, Cornelius & More. Must See This Home Today! Some properties that appear for sale on this website may subsequently have been sold and may no longer be available.

Real Estate: 3363 LakeShore Road S – Denver,NC


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3363 Lake Shore Road S – Denver, NC 28037

   Bedrooms:  4                           Full Bathrooms:    2                    Half Bathrooms:  1 Square Feet:  2,400-2,900                                                                 Lot Size:   .43 of Acre Great price for this full brick home in the treasured Westport area! Home updated w/granite, oil rubbed bronze hardware, marble & hardwoods. Large room sizes, elegant two-story foyer, home office on main w/half bath, level lot, circle driveway &16×22 deck. Nice open kitchen with room for breakfast area & a pantry. 4BR could be used as a bonus rm, if needed. Great home, price and location!! Too Late! SOLD

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

Real Estate: 7455 Tallwood Drive – Denver,NC


Click on link for more information & pictures –

7455 Tallwood Drive – Denver, NC 28037

   Bedrooms:  4                           Full Bathrooms:    4                    Half Bathrooms:  1 Square Feet:  4,300-5,100                                                                 Lot Size:  1.12 Acres Beautiful lodge like home exquisite waterfront lot. Windows across the rear of home to maximize the peaceful lake views. Spacious and inviting Owner’s Suite located on main level with great lake views and luxurious bathroom. Soaring two story ceiling and a stone fireplace with custom mantel in Great Room. Great Kitchen with lots of counterspace and storage. Enjoy cooking with a view! Double screened porches and patios, enhance the entertaining features of this home. Lake views from most rooms. Hardwood floors, two fireplaces, oversized 3 car garage, private point like lot, and lots of wonderful architectural details. Located in the exceptional and gated community of Webbs Chapel Cove. Some properties that appear for sale on this website may subsequently have been sold and may no longer be available.