Real Estate: #1 Reason to Sell Your Home NOW


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
Bottom Banner wording No Pic

Real Estate: 5 Reasons to Sell Now

Audrey Cir
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. 


Posted: 19 Nov 2013 04:00 AM PST — Written By The KCM Blog
Bottom Banner wording No Pic

October Home Sales Results Are In…

Cheering RE market

 

 

 Carolina Multiple Listing Service (CMLS) recently released the results for the month of October, $20 million sold and $20 million closed for the Carolinas real estate market. Also, happy to report that the sales volume is up 129% (yes more than double) from October 2008 and closed volume up 44% from October 2008.  We think we are starting to see a turnaround.  It may be a slow & gradual rebound, but let’s be thankful for the rebound!

 

Contact The Lee Ann Miller Team today to begin your journey in this positive real estate market.

 Lee Ann Miller Team Logo w/Tate

704-896-5141 Office

www.LeeAnnMiller.com       

LAST CALL!!

September 2009

I am sure you are familiar with the stimulus provision that provides an $8,000 tax credit to first-time buyers if you purchase and close on a home prior to December 1, 2009. This is an amazing opportunity for first-time buyers to take advantage of the current real estate market benefits. Just what are the current benefits? First, affordability is at an all-time high. According to the National Association of Realtors, 72.3% of Americans can afford to buy the median priced house with their median family income. This number has never been higher since we began keeping records. Second, interest rates remain historically low. So long as you have good credit and stable, documentable income, rates remain between 5% and 5.5% for a conventional loan. I anticipate these will rise as the economy continues to improve, Third, inventory levels are high, providing you with a wide choice for the home of your dreams. Builder spec models, resale homes and distressed properties are all in great supply. Lastly, the $8,000 tax credit provides you with real cash if you are a first-time buyer (or if you have not owned a home in the previous three years). Please consult with your tax advisor for details on this program. So, why is this last call? With the tax credit currently set to expire on December 1, 2009 you have a limited time to take advantage. If you already own your own home and are considering a move, I anticipate interest rates will rise and inventory levels will drop next year. This will reduce affordability as the economy improves and make your move-up purchase more costly. Pull the trigger now and take advantage of this last call! Call the Lee Ann Miller Team Today!

LAMT&ATClogo

                                                       704-896-5141 Office                                                      www.LeeAnnMiller.com

It’s Time to Get off the Fence

Fence 2

Buying a home is one of life’s most important decisions – and one of the most gratifying. Yet today’s economy has kept home buyers “on the fence” – and paralyzed about moving forward in pursuit of their goals and dreams. “Lack of decision making results in deferred dreams and lost opportunities,” said Rhoda and Jeffrey Makoff, authors of Get Off the Fence! “But you want to feel that you have made the right choices at each opportunity, especially the major crossroads.” “When you have decided what your dream is, what your goals are and what your plan is, all you need to do is get off the fence and just do it,” said business philosopher Jim Rohn. “Making the effort to get off the fence is the hardest move, as after that, everything will flow easily as you put your plans in motion.” Lower home prices, interest rates at 25-year low, and a strong inventory make this a perfect time to buy a home. If you’re ready to make a move – or just thinking about it, Allen Tate Realtors will make sure you’re standing on solid ground. Let “The Lee Ann Miller Team” know how we can help you get off the fence and get on with living the best possible life.                                                                                Lee Ann Miller Team Logo w/Tate                                                                          704-896-5141 Office                                                                       www.LeeAnnMiller.com

New tool on my website

tatemap_logo

 June 2009

Home values certainly are among the many questions I get when asked about how the real estate market is performing.  Fortunately, I have many resources available to me that allow me to provide that information to you.   The CMA (Comparative Market Analysis) is the best way for me to determine the value of your home, but if you’d like to do a little research on your own, I have a new tool on my website that you will love!   I am now updating my website every hour to include recent sales in the Charlotte market with the active listings.  Want to know what homes in your neighborhood are selling for?   Moving up and need recent sales data in another community?  Thinking of an investment property and need to know values to determine where you should buy?   I have the information!  Simply go to www.allentate.com/LeeAnnMiller  and click the “TateMap Interactive Search” button.  From there, zoom in to your area (or zoom directly to a subdivision from the button at the top).  You will see the active listings by default.  Hover over any active listing and click the link to view recent sales.  Sold homes going back 12 months will now be represented by the gray pushpins.    Remember … the data is important in determining values.  The expertise I bring that analyzes that data and makes adjustments for location, condition and other factors is critical.   Feel free to look around – I am always happy to meet with you and discuss your questions on values or any of your other real estate needs.   Best wishes for a great summer!      Lee Ann Miller  Lee Ann Miller Team Logo w/Tate “The Lee Ann Miller Team” Allen Tate Company 704-896-5141 Office 980-233-3152 Fax LeeAnn.Miller@allentate.com www.LeeAnnMiller.com

The Most Important Questions in Real Estate Today

  Common Sense Answers from Real Estate Expert Steve Harney   How do I price my house to sell in today’s market? Your Allen Tate Realtor® is your best resource in helping you understand what it will take to sell your home timely and at the maximum value. Your Realtor can provide you with a comparative market analysis of recent home sales in your area, and offer helpful tips to market your home in top condition. Successful sellers are willing to price their home at or below market value, and reduce their listing price accordingly if it remains on the market. Research shows the longer a home is on the market, the lower the sales price when the home sells.*   How do I know that now is the right time to buy? If you are employed, have decent credit and some money set aside for a down payment, then this is one of the best times in history to purchase a home.  Interest rates are at an all-time low; there’s a great inventory of homes, priced to sell; and there are a wide variety of loan programs available. Additionally, first-time home buyers with adjusted gross incomes of $75,000 for single filers and $150,000 for joint filers are eligible for an $8,000 federal tax credit for homes purchased in 2009. That’s a great opportunity.   How do I sell my house at the price I need to move up? If you have equity in your existing home, you can leverage that equity to move up. Most North and South Carolina home owners who purchased their homes before 2005 will still be able to recoup their investment and potentially see some return. Sellers need to understand that if they are willing to take less on their existing home, they will very likely be able to purchase a new home at the same discount or better. Sellers simply need to get past the mindset that they “deserve” the same price as their neighbor, who sold his home two or three years ago. It’s a different market today, and it is very unlikely that will happen.   Will interest rates continue to fall? Low interest rates are designed to stimulate the economy by encouraging consumer confidence. The interest rates we’ve been seeing since last summer are at a 25-year low. So when interest rates begin to rise, it’s a sign that the economy is improving. We’re already seeing some small increases in interest rates. Buyers who are waiting for “the bottom” may find themselves disappointed when their ideal home is sold to a more eager buyer. The reality is that we will not know when we have hit “bottom” until it has passed.   What do I need to know about mortgages? Contrary to popular belief, mortgage money is still available, but more documentation is required than ever before. You’ll also need a down payment, but there are several loan programs which require only 3-to-5 percent down. There are several excellent programs targeted to first-time buyers, as well as federal loan programs, if you qualify. As always, it makes good sense to pre-qualify for a mortgage before you start shopping, so you know how much home you can afford. Your Allen Tate Mortgage Consultant would be happy to answer your mortgage questions and guide you through the pre-qualification process.

*National Association of Realtors 2008 Profile of Home Buyers and Sellers                                   

           For information Contact The Lee Ann Miller Team         

LAMT&ATClogo  704-896-5141 Office

                                                        www.LeeAnnMiller.com

8,000 New Reasons to Buy Now!

First-Time Home Buyer Tax Credit Effective Through December 2009   As part of the new economic stimulus bill passed on February 13, 2009, first-time home buyers may take advantage of an $8,000 tax credit on the purchase of a principal residence from January 1 through December 31, 2009. The credit, which does not require repayment, will be claimed on a tax return to reduce the buyer’s income tax liability. Individuals filing “single” Form 1040 filing status must have an adjusted gross income not to exceed $75,000. Individuals filing a joint return may have income of no more than $150,000. The credit is for 10 percent of the cost of the home, up to a limit of $8,000. This new tax credit replaces the previous $7,500 tax credit (loan) created by the Housing and Economic Recovery Act in July 2008.                                                                         LAMT&ATClogo                                                                       704-896-5141 Office                                                                     www.LeeAnnMiller.com

Charlotte Area Lake Living: Mountain Island Lake

 Sunset & Boat From Bridge

Mountain Island Lake ________________________________________________________________________________________ Created in 1924 with the construction of the Mountain Island Hydroelectric Station, Mountain Island Lake is the smallest of the three area lakes, with 61 miles of shoreline and 3,281 acres of surface area. Located about 15 miles northwest of Uptown Charlotte, Mountain Island provides drinking water for some 600,000 residents of Mount Holly, Gastonia and Charlotte. Much of the area surrounding the lake is part of Latta Plantation Preserve and the Catawba Lands Conservancy. For this reason, Mountain Island is the least developed of the three lakes, the boat traffic is relatively light. Latta Plantation Preserve, 1,343-acre park operated by Mecklenburg County, also houses Historic Latta Plantation and the Carolina Raptor Center. Sixteen miles of hiking and horse riding trails wind through the park, many of which provide scenic views of the lake.

 

Mountain Island Lake Public Access Areas Neck Road Access Area—N/A Cowan’s Ford Waterfowl Refuge—704-875-1391 Riverbend Access Area—N/A Mountain Island Tailrace Fishing Area—N/A Latta Plantation Park—704-875-1391 For more information about area lakes, go to http://www.duke-energy.com/lakes/   Boating Guidelines for Area Lakes
  • A general speed limit is implied, depending on the conditions. Excessive speed that endangers persons or property is prohibited.
  • Operating a watercraft with a blood-alcohol content 0.08 and greater is prohibited.
  • Waterskiing is prohibited between one hour after sunset and one hour before sunrise.
  • Any vessel towing a skier must have rear vision mirror or carry an observer.
  • Watercraft entering, leaving or passing within 50 yards of a boating or fishing access area must observe a no-wake speed zone.
  • The minimum age or operating a personal watercraft is 14. Those age 12-16 must pass an approved boating safety course.
  • All recreational vehicles must have a personal floatation device for each person aboard. Recreational vehicles 16 feet and longer must have one throw able Type IV personal flotation device. All must be readily accessible.
                                                                                                                                             704-896-5141 office                                                                    www.LeeAnnMiller.com                                                                          Allen Tate Company

Charlotte Area Lake Living: Lake Wylie

                                                                       Sunset Cove                                                                                                                       Lake  Wylie                                                                                                                                                       ________________________________________________________________________________________ First created in 1904, Lake Wylie is the oldest lake on the Catawba and the first power-generating lake along the river. It’s named after Dr. W. Gil Wylie who established the Catawba Power Company, the predecessor of Duke Power. In 1924, the Catawba Hydro Station near Fort Mill, S.C., was rebuilt, increasing the area of the lake to 13,443 acres and 325 miles of shoreline. Southwest of Charlotte, Lake Wylie spans the N.C./S.C. border. With many creeks that feed into it, the lake is hailed for its excellent fishing opportunities. In fact, the lake was chosen to host the Bassmaster Classic in 2004. McDowell Park, a 1,108-acre nature preserve along the shores of Lake Wylie, houses a nature center that features rare animals and plants. Its campground offers sites equipped with a grill, water and electricity as well as primitive sites. Also part of McDowell Park, Copperhead Island offers its own boat launch., fishing pier and primitive camping site.

 

 Lake Wylie Public Access Areas   Upper Section Allen Fishing Access Area—N/A South Point Access Area—919-715-3155 Stowe Botanical Garden—704-825-4990   Lower Section Copperhead Access Area—704-588-5224 Buster Boyd Access Area—N/A McDowell Park—704-588-5224 Lake Wylie Marina—803-831-2101 River Hills Marina—803-831-7286 Carolina Crossing Marina—704-588-5463 Allison Creek Access Area—N/A Nivens Creek Access Area—N/A Ebenezer Access Area—803-366-6620 Fort Mill Access Area—N/A Lake Club Marina—803-324-2232               

                                                                                                                                                                    704-896-5141 Office

www.LeeAnnMiller.com

   Allen Tate Company