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Lake Norman Real Estate’s April 2015 Desktop Calendar is Here!

Lake Norman Real Estate's April 2015 Desktop Calendar

Spring is finally here! April truly is my favorite month of the year here in Lake Norman. All of our trees turn the most brilliant shades of green, flowers abound and our Carolina Blue Skies and sunshine give me such a boost of energy.     Continue Reading….

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Lake Norman Real Estate's April 2015 Desktop Calendar

 

Download this month’s Lake Norman calendar here

Spring is finally here! April truly is my favorite month of the year here in Lake Norman. All of our trees turn the most brilliant shades of green, flowers abound and our Carolina Blue Skies and sunshine give me such a boost of energy.  While I love Lake Norman, I also enjoy driving out into the farmlands where you will see fields of yellow like this one above as mustard and various crops start to take over the rolling red soil fields.

This gorgeous photo was taken by renowned artist Cotton Ketchie, owner of Mooresville’s Landmark Gallerieswho spends much of his time driving all over North Carolina and even summer trips around the country, taking stunning photos. And, of course, he also takes some amazing photos of Lake Norman as well. If you haven’t visited his store on Main Street in Historic Downtown Mooresville you should put it on your list for 2014! He has myriad beautiful photographs like this one for sale as well as his wonderful watercolors and even North Carolina pottery. Continue reading

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Lake Norman Real Estate’s April 2015 Desktop Calendar is Here!

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s March 2015 Hot Sheet is Sizzling!

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.

With winter now in our rear view mirror, our Lake Norman real estate market is hopping like a happy Easter bunny!  You know it is a good market when I see not 1 but 3 updates on Facebook from local Realtors looking to hire assistants or team members in just this past week. We currently have 245 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 230, January’s 187, December’s 174, November’s  208, and October’s 262.  The strong activity I noted since the first of the year just keeps gaining momentum!  Here are our 2-week Hot Sheet numbers: Continue reading

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The Real Estate Process, Home Buying and Selling Tips

Lake Norman Home Inspections: Why the Challenges Never Change

Home inspections in Lake Norman

Home Buyer: “But when I sold my house I did ALL of the repairs.”

Buyer’s Agent: “My buyers want ALL of the items on the inspection report repaired because that is how I have always handled home inspections and I want to get the most for my client whether this is reasonable or not.”

Professional Home Inspector:“As a home inspector I have more and more liability so not only must I note every little thing I see, I also have to spell out the worst case scenario.  What if that tiny speck of fungus is mold?  Guilty until proven otherwise by the expert in each field. I can only point things out but I can’t tell you what’s really wrong because I am not an expert…call a licensed contractor.”

Listing Agent: “My sellers have taken good care of their home and this is an “as is” sale per the contract but I do need to urge my sellers to make the repairs because otherwise we may loose the buyer”.

 

I have been a full time Realtor since 1991 and for the most part these 4 perspectives really haven’t changed.  The result is a perpetuation of sometimes grueling negotiations, added stress for all parties and a solution that will require a complete and simultaneous mindset change by all 4 roles in the real estate sales process throughout the entire country. Yikes! Continue reading

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lake norman real estate

How to Search for a”Green” Home in Lake Norman

Green Homes in Lake NormanI’ll bet if I asked 50 people to define a “green” home I would be 50 different answers.  That is why I am particularly excited that our Charlotte Multiple Listing Service not just added a number of “Green” search and data fields for listings of single family homes including  Green Certifications, HERS Index ratings and a list  27 “Green Building Features” but also added definitions which helps both home buyers and Realtors better understand what is considered a “green” feature. While it will take time, more and more Realtors, builders and home sellers are going to take advantage of these fields making it easier for Lake Norman area home buyers to find them.  Here is the list directly from our CMLS. If you aren’t looking immediately, you might want to bookmark this list for the future! Continue reading

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Lake Norman Real Estate Market Reports

Lake Norman Real Estate’s February 2015 Sales Analysis: Good News?

A 22% increase in sales compared to last year, a 24% increase over last month’s sales and the best February since 2007?  Even sleet, snow, and unusually cold weather didn’t slow down our hot real estate market.  As I noted last month, Lake Norman’s housing market got crazy busy (my technical term for it) right after the holidays and we are now seeing this translated into closed as well as new contracts. Let’s take a closer look:

Lake Norman Market Report February 2015

Lake Norman Home Sales Analuysis

* All data is from the Charlotte Regional Multiple Listing Service. Continue reading

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The Real Estate Process, Home Buying and Selling Tips

The Due Diligence Fee: Non-Refundable and Very Unpopular with Lake Norman Home Buyers

Due Diligence Fee and Period for buying a home

 

In January of 2011 the North Carolina Association of Realtor’s completely redesigned the Offer to Purchase forms to be used when buying and selling single family homes in our state.  One of the hardest things to explain or justify to out-of-state buyers particularly is the non-refundable “Due Diligence Fee”.

So what is the Due Diligence Fee?  In short, it is a non-refundable fee that is given to the seller at the “effective” date of the purchase contract which is the day the agreement is signed and delivered back to the buyers or buyers’ agent.  If paying by check, the buyer makes the check payable directly to the seller.  It does not pass go nor go to an escrow account. The seller keeps it no matter what.  The good news is that this fee is negotiable and does get applied to the total purchase price. Continue reading

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