Lake Norman Real Estate
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This is Lake Norman

Everything you need to know about beautiful Lake Norman, NC including waterfront properties, relocation resources, local news, photos and my latest blog post…

What Lake Norman Buyers & Sellers Should Know About Mineral, Oil & Gas Rights

North Carolina's new Mineral Rights Disclosure image

Effective January 1st of this year, The State of North Carolina added a new disclosure form that must be signed by both parties of a residential property transaction as part of the initial purchase contract. The State of North Carolina Mineral and Oil and Gas Rights Mandatory Disclosure Statement   requires all sellers of  new or existing homes in North Carolina to disclose whether the mineral, oil and gas rights for the property are owned by someone other than the seller.

Okay, so why here and why now?  Continue reading ?

 

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What Lake Norman Buyers & Sellers Should Know About Mineral, Oil & Gas Rights

North Carolina's new Mineral Rights Disclosure image

 

Effective January 1st of this year, The State of North Carolina added a new disclosure form that must be signed by both parties of a residential property transaction as part of the initial purchase contract. The State of North Carolina Mineral and Oil and Gas Rights Mandatory Disclosure Statement   requires all sellers of  new or existing homes in North Carolina to disclose whether the mineral, oil and gas rights for the property are owned by someone other than the seller.

“The purpose of this new law is to protect the buyer. Property owners sometimes lease or sell the subsurface mineral rights on their property to a third party or company. This means that if sellers have “severed” their mineral rights, the third party or company could potentially have the perpetual right to drill, mine, explore and remove any of the subsurface mineral resources on or from the property. These mineral or materials could be extracted directly from the surface of the property or from a nearby location – even if the property is sold to a new owner.”

Okay, so why here and why now?  Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s June 2015 Hot Sheet is Here!

Lake Norman real estate Hot Sheet report

Want the very latest insight into our Lake Norman real estate market? So do I which is why, every month, I do a snapshot analysis of the middle two weeks of the month to get a sense of where we are at this very moment…an almost live insight into the heartbeat of the Lake Norman housing market.

June is here and with it a record breaking heat wave!  But are Lake Norman home sales as hot as they have been?   I will have to say yes based upon our numbers below.  That said, it is not just the strong numbers that continue to impress, but the consistency.   Rather than ups and downs, in 2015 our market has gained and then kept solid momentum since January which truly is a first since 2006. We currently have a whopping 325 single family homes under contract (sellers have accepted an offer but the sale is not complete) in all of Lake Norman compared to last month’s 347. While this is a slight decline they are still the second highest number since the recession! What is equally important is our low number of active listings which are now actually dropping rather than increasing.  Here are our 2-week Hot Sheet numbers: Continue reading

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Lake Norman News, Events and Celebrations

Lake Norman’s 4th of July Fireworks and Celebrations 2015!

Lake Norman Fireworks and  4th of July Celebrations

From nostalgic patriotic parades to community festivals with firework displays to myriad planned and spontaneous raft- up (boat) parties on Lake Norman, there truly is something for everyone here in the greater Lake Norman area this 4th of July. Get out of your home, save gas and have a great time!” I wrote this SIX years ago and it is still just as true this year. So, here is the run down on Lake Norman’s 4th of July festivities 2015: Continue reading

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Coming Soon? Pocket Listings? What Lake Norman Buyers and Sellers Need to Know!

 

Lake Norman home for sale sign with Coming Soon

 

When I first drove by and saw this sign on a new Lake Norman listing I was actually a bit surprised and decided it was time to write about listings like this one as well as what Realtors call “pocket listings” to give you all a heads up as to the whys and what’s related to these terms.

Okay so what is a pocket listing or a coming soon listing?  They are simply properties that are available for sale but are not yet listed in the MLS.  Here are my pros and cons: Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s May 2015 Market Report: Wow!

Wow is right! Our Lake Norman’s real estate market which has been impressive since the year began just logged in double digit increases in not just closed sales but in new contracts and pending sales as well!  We beat last May’s closed sales by 17%, last month’s closed sales by 24.8% and nearly matched May 2013’s record breaking sales of 165.  We also beat May 2005’s closed sales. Once the stragglers log in I predict we will also exceed May 2007’s and perhaps match May 2013’s 165.  Our year-to-date 2015 closed single family home sales are 19.6% higher than 2014’s.  On top of these impressive numbers, take a look at what’s on the horizon. Our total number of properties currently under contract exceed the past two June 6th’s and are close to our record May 6th’s of 2013. Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and unlike previous years has been consistently strong every month so far in 2015. Plus, our new contracts indicate that this trend will continue for at least another month or two. Let’s take a closer look: Continue reading

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