Talk Charlotte Blog - Real Estate, Community Resources, & other Good Stuff

Welcome to the Talk Charlotte blog where are talk about the Charlotte real estate market, highlight our listings, discuss various neighborhoods and developments, and offer insight to our community.

July 21, 2017

10 Charlotte Neighborhoods Where Home Values are Skyrocketing

Charlotte area real estate is experiencing a boom, despite pockets of lower supply, and across the Queen City home priced have more than rebounded from the Great Recession. In fact, as a recent article from the Charlotte Agenda reports, in all but a handful of area neighborhoods, home values have never been higher. 

But which neighborhoods are outpacing the rest as far as home price appreciation? Andrew Dunn of the Charlotte Agenda identified 10 neighborhoods that have seen their home values rise more than 20 percent in the last year alone.

(Please note, these figures are based on information from June 2017 and are subject to change. Contact a real estate professional in your area for the most accurate and updated information).

1.) Oak Forest

Year-over-year growth: 29%

Median home value: $108,300

Search for homes in Oak Forest here.

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July 10, 2017

OPEN HOUSE: 5200 Shadow Pond Lane in South Charlotte

Join us this Sunday the 16th from 12-3 at an open house for 5200 Shadow Pond Lane near South Park!

This beautiful South Charlotte home is located in the cozy Cottonwood subdivision and is situated between a collection of parks, award-winning schools and country clubs, including the Carmel, Cedarwood and Piper Glen Country Club.


Property Details:

  • Current Listing Price: $498,900
  • Area: South Charlotte (approximately 11 miles from downtown Charlotte)
  • 4 Bedrooms, 3 Bathrooms
  • 3,016 sq ft


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July 7, 2017

Charlotte home prices rise in April, but at a slower pace

The latest report on Charlotte area home prices indicates a continued rise in values, though the pace has slowed a bit.

According to the June 27 S&P CoreLogic Case-Shiller report, the increase in Charlotte-area home prices continued to outpace the national average in April; however, the Queen City's annual gain of 6.1% fell slightly from the 6.7% rate posted in March. 

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Posted in Real Estate News
June 23, 2017

How Can You Win the Home You Want in Our Charlotte Market?

Want to sell your home? Get a FREE home value report.  
Want to buy a home? Search all homes for sale.
 
To handle a multiple-offer situation as a buyer, the first thing you must do is understand the state of our current market here in Charlotte. Any homes listed under $300,000 that are in tip-top shape will likely generate multiple-offers. To win a home like that, your offer needs to come in high and strong.  
 
First, your offer needs to be at a high price—probably more than asking price. I know that might feel uncomfortable for you, but a bank won’t allow you to buy a house for more than it’s worth. For example, if the appraisal comes in and it doesn’t meet the price you’re willing to pay, the seller will most likely have to drop their asking price. However, in order to buy the house, you first need to get the bid on the house, which is why your offer needs to come in high and strong.

 


Your offer needs to come in high and strong.



 
 
Another part of making a strong offer means not asking for anything that comes with the house. Ask for the refrigerator if you must, but don’t ask for things like the washer and dryer or any couches or tables. First of all, your lender won’t allow you to put that in the contract. Secondly, it muddies up the contract, and you want to keep your offer clean. I also suggest that you don’t ask for closing costs or a home warranty—you can buy a home warranty yourself at the closing. 
 
Next, I highly suggest you have a mortgage pre-approval in hand if you’re going to finance your house. If you’re going to pay cash, you need to have proof of funds. With competing bids, a pre-approval is especially important. I have some great lenders I can put you in contact with if you need to talk to one. 
 
Lastly, since we have due diligence in North Carolina, I recommend only a three-week due diligence period and a six-week close. 
 
If you have any questions about winning the bid in a multiple-offer situation or you or anyone you know is looking to buy or sell a home, don’t hesitate to give me a call. I look forward to helping you. 
 
Posted in Buying your Home
June 14, 2017

Tips to Narrow Your Home Search

Thinking of buying a home this summer? The Charlotte area has lots of great properties for sale! But before you dive into your real estate search, you should take a few minutes to really think about the home you want and narrow your focus. Doing so can help you eliminate listings that don't really work for your needs and prevent you from wasting precious time in a fast-paced market.

In today's post, we'll look at a few simple ways to narrow down your real estate search in order to make the most out of your time.

Tip No. 1: Choose Your Location

As the old saying goes, the three most important things in real estate are location, location, location. While we agree that location is definitely a top contender, we also know that the definition of a "good" location can vary from person to person.

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Posted in Buying your Home
June 8, 2017

Selling Your Home With Pets

Want to sell your home? Get a FREE home value report.  
Want to buy a home? Search all homes for sale.
 
We all love our pets but when you sell your home, prospective buyers want to look at your house, not your dog or cat. 
 
In fact, if you have any evidence of your pets in the home, it might distract buyers and they may decide not to buy your house.
 

Make sure your pets are not in the home during showings.



 
 
Here are a few tips to help you have a successful home sale with pets: 
 
1. Remove the evidence. Pack away pet beds, litter boxes, and toys. Put the toys in your car and take your pets away while showing your house. 
 
2. Clean up the backyard. Make sure the dogs didn’t dig any holes, clean up any droppings, and cover up tracks. Your backyard should look very well-manicured. 
 
3. Pet hair. Make sure that your beds, couches, and rugs are clean and free of dander and pet hair. Otherwise, anyone with allergies will know right away if you have pets in the house. 
 
In addition to these tips, I also recommend putting an air freshener in the house. Don’t get a strong, overwhelming one. I recommend a light vanilla scent in the summer and a light cinnamon scent during the winter and holidays. 
 
If you have any other questions about selling your home or real estate in general, just give me a call or send me an email. I would be happy to help you!

 

 

Posted in Selling your home
June 6, 2017

Census data shows Charlotte population continues to grow

Charlotte's population got another boost last year, according to the latest estimates from the U.S. Census Bureau. This continuing trend was upheld by the addition of 15,656 new residents between July 1, 2015 and the same date last year. Of the cities with more than 50,000 inhabitants, Charlotte's population growth ranked 11th. 

Other cities that experienced high gains in citizenry last year include the following:

Washington, D.C.

+10,793 citizens

 

Miami, FL

+12,715 citizens

 

Denver, CO

+13,028 citizens

 

Jacksonville, FL

+13,455 citizens

 

San Diego, CA

+15,715 citizens

 

Austin, TX

+17,738 citizens

 

Houston, TX

+18,666 citizens

 

Fort Worth, TX

+19,942 citizens

 

Dallas, TX

+20,602 citizens

 

Seattle, WA

+20,847 citizens

 

New York, NY

+21,171 citizens

 

San Antonio, TX

+24,473 citizens

 

Los Angeles, CA

+27,173

 

Phoenix, AZ

+32,113 citizens

 

According to the Census data, the Queen City's population in 2016 was 842,051. For perspective, that is 1.9% higher than the previous year's reading and only 13,113 residents behind the nation's 15th-most populous city of Indianapolis. 

Other highlights from the report:

  • The #1 most populous city in 2016 was New York, NY with a total population of more than 8.5 million. Coming in second was Los Angeles at nearly 4 million. Chicago ranked third with around 2.7 million, despite a population loss of 8,638.
  • Regionally, the Northeast had the fewest areas with populations of 50,000 or more. The West had the highest at 282. The South had the second highest at 234 and the Midwest had the second lowest at 158.

  • Put another way, small towns in the Northeast and Midwest declined by 0.5 and 0.3 percent, respectively. Small towns in the South and West grew by 0.2 and 0.8 percent, respectively.
Posted in Charlotte Living
May 23, 2017

Most Charlotte homeowners think they'll stay in their current home for the rest of their lives

Long ago, when people bought (or built) their family's home, they usually did so with the intention of staying in it for the rest of their lives and maybe even passing the home down to their descendants through the generations. But as the world changed, families became more mobile. The days of living out the rest of one's life in the same home have practically disappeared. Or have they?

According to the results of a recent survey from Bank of America, an overwhelmingly high number of Charlotteans say they could stay in their current house for the rest of their lives. What's more, Charlotte homeowners are increasingly interested in investing in their property. According to the survey, 84 percent said they look for ways to make their home more valuable and 77 percent said they spend a lot of free time working on their home.

Could this mean more people are following the "improve not move" mantra? If so, this could have significant implications for the Charlotte area real estate market. With fewer Charlotte homeowners moving up into new homes, and new home construction struggling to keep up with demand, the Queen City's housing inventory will likely get tighter, forcing home prices to continue on the upward path.

To avoid unhealthy levels of price acceleration, major metros like Charlotte will likely need to see expanded development and higher levels of new home construction in the lower to middle tier price range. Fortunately, there are several new or fairly new developments with homes starting below $120,000 on the market right now -- but Charlotte buyers will need to act fast, as these homes do not stay available for long.

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Posted in Real Estate News
May 19, 2017

Charlotte area home price growth much higher than national pace

The price of residential real estate in the greater Charlotte area has accelerated at a rate nearly twoce the national median in the first quarter of 2017.

According to the data released earlier this week by the National Association of Realtors, the median sales price of an existing single-family home in the Charlotte area grew 13.4% to $209,600, compared with the first three months of last year. The national median rose 6.9% to $232,100, which is the highest pace since the second quarter of 2015.

The boost in Charlotte home prices is attributed to a sharp drop in inventory as demand continued to grow. This was the case for much of the country, according to information from the National Association of Realtors (NAR).

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Posted in Real Estate News
May 16, 2017

Prime Location: South Charlotte Land For Sale

Looking for that perfect piece of land to build your dream home? Look no further than 4908 Carmel Club Drive. This pristine slice of paradise is located in South Charlotte's Tuckaway Park subdivision, next to the Carmel Country Club, McAlpine Creek and Carmel Lake. Indulge in golf course views, peaceful beauty, and a rarely heard of 3 private acres of land.

Listing Price: $725,000


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