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
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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
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Real Estate: 108 Rocky Way Court – Mt Holly, NC

Click on link for more information & pictures – 

  108 Rocky Way Court (Deerfield)     Bedrooms:  3                    Full Bathrooms:    2                        Half Bathrooms:  0 Square Feet:  1,500-1,800                                                            Lot Size:   1.47 Rare find! Charming ranch home on private 1.47 acres cul-de-sac lot. No homes located behind this home. Great features like a brick front, side load 2 car garage, screened porch and deck. Open plan with vaulted ceiling, gas log fireplace in great room and bonus room. Kitchen offers stainless appliances, custom tile backsplash and lots of cabinet space. This is a must see home! Some properties that appear for sale on this website may subsequently have been sold and may no longer be available.

Real Estate: New Law for Public Lakes in North Carolina: Lake Norman & Mt Island Lake

Are you under the age of 26? Do you operate a boat or jet ski on a public lake in North Carolina (Lake Norman or Mt Island Lake)? If you answered yes to both…are legal? Beginning on May 1st, a new boating safety education requirement will go in effect. This means that if you are under the age of 26 and operate a boat or personal watercraft (PWC)* with 10 horsepower or more on a public lake, you will be required to carry a card or certificate of completion that indicates you successfully completed the Boater Safety Class approved by the National Association of State Boating Law Administrators (NASBLA) and is excepted by the Wildlife Resources Commissions (WRC). Here is a list of 10 additional ways to legally operate a boat and to comply with Statute 75A-16.2.
  • You can take a proctored equivalency test;
  • You can present a Coast Guard Captain’s License valid or expired;
  • You can have a 90-day operator’s permit issued by WRC with your vessel registration when you acquire a new or used boat;
  • You can show a rental or lease contract showing that you are renting the boat for the day and the education requirement falls upon the owner of the boat to assure that you are a safe boater;
  • You could be a Boat Salesman demonstrating the boat with proper dealer registration numbers;
  • You could prove that, you are a non- resident of North Carolina and visiting for less than 90 days. But you must also convince the officer that you meet the requirements to operate a vessel in your home state or country;
  • You could convince the same officer that you are just operating the boat to get back to safety after the real operator became impaired for some reason (good luck on this one)
  • If you’re a ‘Commercial Fisherman’ or under the direct command of a ‘Commercial Fisherman’ on a commercial fishing vessel, then you’re OK!
  • Present proof that you are over 25 years old.
 *Operating a PWC also requires you to be at least 14 years old to operate one on your own and have the certification.   For more information: Contact the United States Coast Guard Auxiliary (Lake Norman) at 704-663-3333 For a list of classes and locations: Click here  

Is Charlotte, NC still in the Housing Market Gutter?

                                                                                                                      January 27th 2010   Business Insider recently posted 21 cities and how they are doing in this market. Take a look at the Charlotte market. Charlotte, North Carolina   Monthly Change (October to November): 0.27% Current Rate of Collapse (Y/Y): -5.51% Peak To Trough: -11.13% To view the good and bad of the other 20 cities, click on the link below While this is good news to the Charlotte real estate market; remember real estate is not a national market but a local market. So let’s spread the good news about Charlotte!! –The Lee Ann Miller Team         704-896-5141 Office    Allen Tate Company

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       


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!


                                                       704-896-5141 Office                                            

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


Charlotte, NC – Real Estate

Audrey Cir

Good Real Esate News To Report For Charlotte, NC

                                                                                                                                                                                               April 2009 As we continue to weather the current economic conditions, I have good news to report. I am selling houses!  Clearly, some of the media will have us think that the housing market is at a standstill.  Please understand, this is not true.  In fact, some more good news might surprise you! I am often asked, “When do you think the real estate market will get better?”  My response is simple … “For whom?” For the first-time buyer NEVER!  With a $8,000 federal tax credit (real cash, not a deduction) for first-time buyers and interest rates hovering around 5%, the market will never be better.  If you’d like more information on this amazing opportunity or know of someone that should take advantage of this limited time offer, please call me.  The credit is set to expire November 30. For the investor buyerNEVER!  What an opportunity to diversify your investment portfolio and add real estate as an asset to your long-term financial goals.  With interest rates low, an ample supply of inventory to choose from including new construction opportunities that minimize maintenance costs in the near term, the market will never be better.  Interested in knowing what this means to you specifically?  Call me! For the move-up buyerNEVER!  With the current market pricing, the time to sell your current home for less than its previous value and purchasing a larger home at a comparable percentage discount results in real returns.  Add to that savings the differential in the current interest rates vs. where the rates could be when you make the move in the future, the differential could be hundreds of thousands in savings.  The market for you will never be better.  As you see, there is good news out there for many real estate consumers.  I assure you that many will look back at 2009 and classify it as a “lost opportunity” if you do not take advantage. If you have any questions or just want to chat, give me a call Lee Ann Miller                                                                                                                                                                  704-896-5141 Office                                                                                                                   Allen Tate Company

What’s All the Huffing and Puffing About in North Carolina?


Will It Blow Our Houses Down and Our Insurance Companies Away?

Just as President-Elect Obama has the economy to keep him awake at night, our newly elected North Carolina Commissioner of Insurance, Wayne Goodwin, has inherited an issue sure to cause nightmares.  What do you do with a $70 billion coastal property exposure growing at the rate of $900,000.00 per month but not enough insurance to put it all back if hit with a Katrina?

Most homes insured along our coastline are covered for wind and hail through the NC Beach Plan, also called the Wind Pool, sometimes called the Last Resort.  This is a result of insurance companies excluding wind and hail on homeowners policies because of the huge exposure.   This plan currently has around $2.4 billion in reserves, or money available to pay claims.    Do the math.  $70 billion minus $2.4 billion equals NOT NEARLY ENOUGH MONEY.  What happens if (or when) our coast has a major storm?  When the $2.4 billion is handed out and more is needed the state will begin to access all licensed property insurers in NC according to their percentage of the market.  For example, Hurricane Floyd hit the coast in 1999 and a carrier could have easily been assessed $30 million.  If a major storm hits the coast their cut of the damage today would exceed six times that amount.  So even though companies may choose to exclude the coverage, they still have to help pay for the claims.  And if some companies declared bankruptcy as a result of a major storm the remaining companies would be assessed again.  How does this impact us?  Many options are being explored: • Increase homeowner premiums for coastal property. • Increase wind and hail deductibles for coastal property. • Increase homeowner premiums across the state. • Many of our companies are already asking for a better spread of risks; they want agencies to write auto and other lines of business as well as homeowners, or we may be forced to move the homeowners only client to another company. What’s the worst that could happen?  Companies could begin a mass exodus out of North Carolina.  Farmers Insurance has already left the state.  Encompass, an independent market of Allstate, has declared a moratorium on new property insurance.   Nationwide announced they will stop writing new “wind and hail policies” in North Carolina. As with the economy there is no quick fix, just the hope that the wind doesn’t blow for a few more years until this can be resolved.   In the meantime, I will let you know of any changes that may affect you or your clients.      

Annette White  (704-957-2764)

                                                                                                      704-896-5141     Allen Tate Company