Charlotte Home Buyers: 3 First-Time Home Buyer Mistakes and How to Avoid Them

Recent banking and mortgage scandals have forced Charlotte NC lenders to complete due diligence on all individuals who apply for new mortgages. There are steps you can take to avoid making errors in the mortgage process. Time lost correcting these mistakes can have consequences, and may even result in the loss of the Charlotte NC house you were attempting to buy. Don’t miss out. The market can move quickly and the competition for great homes is intense.

Here are three common mistakes to avoid:

Mistake # 1
Your idea of good credit and that of the bank may be quite different. Your credit history will be closely scrutinized not once, but perhaps several times before any decisions are made on your mortgage. Take responsibility for your credit score. Start off by getting copies of your credit report from the three leading credit reporting agencies. They are available at no charge. If you spot errors, report them to the credit agency and to the company that reported erroneously. It is essential that these errors be fixed before you go any further with your mortgage application. The repercussions of not correcting inaccurate information can be quite severe. It could affect the interest rate you will be charged for your mortgage. Worst case scenario: Your mortgage can be denied.

Mistake # 2
Not understanding the difference between pre-qualified and pre-approved can have a negative impact. When a Charlotte NC lender pre-qualifies you, he is simply stating that you have the ability to repay a mortgage loan up to an estimated amount. None of your personal or financial information is validated. When pre-approval is granted, all pertinent facts about your finances are studied. A close look at your total assets, all of your debts and past credit history are all taken into account. Upon passing this phase, the bank will give you written confirmation of your ability to complete a Charlotte NC real estate transaction, which can speed up the buying process.

Mistake # 3
Don’t buy a Charlotte NC house for all the wrong reasons. Because a house is pretty, isn’t reason enough to buy.

Does the space meet your family’s present needs and your future requirements? Is it close to schools, shopping, free-ways? Does it feel right? Does it pass inspection? Will it hold or grow in value over the years? Give these items serious thought before you commit.

I am happy to work with first time buyers in securing their dream homes at a fair price. You can count on me for excellent, dependable service. Check out my Charlotte NC VIP Home Buyer Program!

Happy House Hunting!

Wendy Richards
Charlotte NC/SC Realtor
704.604.6115

Selling Your Charlotte NC House: Gain Peace of Mind With a Pre-listing Inspection

Selling your Charlotte NC home quickly can be done with a few preliminary steps. It is essential to have a move-in ready house to put on the market. The majority of contracts for the sale of a home contCharlotte NC Home Inspectionain contingency clauses. Often, wording says something to the effect of “contingent upon passing a home inspection.”

There are several advantages to getting a pre-listing inspection, one of which is that any repairs can be completed ahead of time.

It is important to make sure your Charlotte NC inspector is well-qualified. One indicator of this could be membership in one of the professional associations. Two of these are the American Society of Home Inspectors (ASHI) and the National Association of certified Home Inspectors (NACHI). In order to get membership in one of these professional associations, Charlotte NC inspectors must go through a rigorous certifying process including training and testing. By doing repairs ahead of time, there is less need for renegotiation because a buyer will not be able to use repairs needed as a reason for offering a lower purchase price. In fact, you may have more offers because your home will most likely show better if there aren’t several things that need to be fixed.

One reason you can list your Charlotte NC house at a higher price is because a certified pre-inspected home has a higher perceived value than one without a certified pre-inspection. The higher asking price is just one advantage to getting an inspection ahead of time. With the inspection comes a report that can be used as an aid in marketing a home.

In addition, you could have a Charlotte NC house priced to reflect a sale as-is. Charlotte NC buyers may be more likely to do so because you have been up-front about any issues. The pre-listing inspection also gives the potential Charlotte NC buyer peace of mind. This is because anything that was listed in the pre-inspection report will not be a surprise as their own inspector goes through the home. The inspection also eliminates headaches for all three parties involved: the seller, the agent and the buyer. The reason it eliminates headaches for these parties is that closing can be done much more quickly since there does not need to be time reserved for resolving issues the buyer’s inspection could find.

A pre-listing inspection serves a Charlotte NC seller well. It helps to identify problems ahead of time in order to fix them as quickly as possible and for as low a price as possible. That means that a home can be listed higher due to a higher perceived value. Additionally, being up-front with potential Charlotte NC buyers can ease negotiations since the list price will reflect what has been found prior to an offer being put on the table. The closing period can also be shortened.

Got questions? Give me a call!

Wendy Richards
Charlotte NC Realtor
704-604-6115

The Glen at Wesley Oaks, Wesley Chapel NC Homes For Sale in Union County (Waxhaw NC Mailing Address)

On the east side of Waxhaw Indian Trail Road and just south of the Wesley Chapel Village Town Center, The Glen at Wesley Oaks is a lovely little neighborhood primarily made up of St. Lawrence Homes built between 2005 and 2008. After purchasing a small number of homes, Timberstone Homes added its name to the list of home builders in the neighborhood and sold its first home there in 2011.

These Wesley Chapel Union County NC homes sell from the $300s to the $4000s. The sizes of the homes range from 3,100 to 4,500 square feet with lot sizes between 1/3 of an acre to more than an acre. There are quite a few amenities, some of which include a recreational area, a pool and a club house.

Wendy Richards
Charlotte NC/Ballantyne Realtor
704-604-6115

http://www.nccharlottehomes.com/artman/publish/carolina-neighborhoods/the-glen-at-wesley-oaks-wesley-chapel-nc-homes-for-sale.html

Ballantyne, Charlotte NC Homes For Sale in Mecklenburg County

Wendy Richards, Charlotte NC Realtor
704-604-6115

Charlotte NC Home Sellers – Tips For Making A Great First Impression

The real estate market is tough, but you can improve your chances of getting a quick sale if you take a few easy steps to give your home, that “I-WANNA-BUY-U” look.

First impressions are incredibly important for Charlotte NC home buyers and sellers too! A few easy, common sense steps can put your Charlotte NC house at the top of a prospective buyer’s wish list. Any seasoned Charlotte realtor will tell you that no matter how impressive your interior is, buyers will drive right past you if their first impression is negative.

Here are 5 tips that will make your home more appealing to drive-by potential Charlotte NC home buyers.

1. Make you lot look clean and attractive. Take a close, hard objective look at your home. Imagine that you are the buyer; take notice of anything that might be objectionable. Your home should not look like a heavy traffic playground. Think of the fresh look your home had when you bought it, before it turned into a teen aged playground and hangout spot. Stow the bikes and hockey nets.

2. You can stage the exterior as well as the inside of your home. Try to develop a neutral, uncluttered look, free of ornamentation. Tastes vary, so don’t assume that your gargoyles are a selling point. Take them to your new home. Replace dead or dying flowers with fresh seasonal annuals, and spread fresh mulch in the beds.

3. Make your front entry inviting. Make sure your windows sparkle. A coat of paint in a contrasting designer color and modern hardware can give you entrance doors a charming, inviting look. Add a brass kick plate and make sure your screen doors are not tattered. Does your entrance-way say “welcome?”

4. For effect, especially on dark dreary days, or when days get shorter in the fall, turn on your out door lights. Your home will glow in the reflected warm light, and take on an even more welcome appearance.

5. Take another look at your home’s exterior. Are the shutters in need of a fresh look? Perhaps accenting them with the same color you used on your entrance door will provide a great, new appearance. Is the paint peeling or fading in conspicuous places? Does that cute white picket fence look like rotting driftwood? How about the mailbox? Are you still using the old log cabin box that grandpa made for you 20 years ago? These issues are all easily corrected, and can make the difference between a thumbs up or a thumbs down verdict from a buyer.

There are always more little tricks and steps that can help make your Charlotte NC home more appealing. We would love to hear your ideas.

Wendy Richards, Charlotte NC Realtor
704-604-6115

Selling a Charlotte NC Home?  A Picture is Worth a Thousand Words!

marshall-park-charlotte-nc

Marshall Park in Uptown Charlotte NC

When the time comes to list your Charlotte NC home for sale selecting a really good listing agent is crucial.  One very important issue you will need to take into account is what kind of pictures the listing agent puts into the Charlotte NC Regional MLS.  I am frequently stunned at what a lot of listing agents evidently believe is an appropriate presentation. Prospective Charlotte NC home buyers are browsing the many real estate website versions of the Charlotte NC Multiple Listing Service.  Many potential home buyers, if not most, will probably select the homes having the very best pictures and eliminate the others.  With lots of homes for sale on the market, the procedure of elimination takes place online.  Inadequate or bad pictures translate to a lower number of showings and fewer offers.

When listing your Charlotte NC home, remember…   a picture is worth 1000 words…

Wendy Richards, REALTOR
704-604-6115

Potters Trace, Wesley Chapel NC Homes For Sale in Union County

Wendy Richards, REALTOR
704-604-6115

Market Report for Fort Mill, South Carolina Homes

Number Homes Sold
Average # of Bedrooms
Average # of Baths
Average Square Feet
(SF
)
Average List Price (LP)
Average LP/SF Average Selling Price (SP)
Average SP/SF Average SP/LP Average Days on Market
2012
2011
(as of 06-30)
309 3 3 2,776 $286,272 $102.78 $274,698 $98.65 96% 137
2010 693 3 3 2,703 $301,498 $112.24 $289,011 $107.90 96% 130
2009 808 3 2 2,536 $292,917 $116.76 $274,820 $109.24 94% 54
2008 819 3 3 2,719 $332,376 $119.59 $322,567 $115.73 97% 45

* Based on homes sold and closed. The report is for detached residential single family homes only and may not include all sales activity in the area. Source: Carolina Multiple Listing Services, Inc. (CMLS). Information is deemed reliable but not guaranteed.

You can find 490 homes for sale in the Fort Mill SC Real Estate Market, as of July 11, 2011. The listing prices range from $34,900 to $1,275,000. Forty of these homes are currently under contract pending sale.

Visit the following web pages for more information, including homes currently on the market in Fort Mill SC and Charlotte NC:

Homes for Sale in Fort Mill South Carolina

Charlotte NC Home Page

FEATURED LISTINGS FEATURED CITIES NEIGHBORHOODS
Charlotte/Mecklenburg Foreclosures Ballantyne Homes Ballantyne Country Club in Charlotte NC
Charlotte/Mecklenburg HUD Homes Charlotte NC Homes for Sale Dilworth in Charlotte NC
Charlotte NC – On/View of Golf Course Weddington NC Homes Highgate in Weddington NC
Waterfront Homes Wesley Chapel NC Homes Blackstone in Wesley Chapel NC
Short Sales in Charlotte NC Waxhaw NC Homes Cady Lake in Charlotte NC

This Market Report is brought to you by Wendy Richards of The Richards Group.

Call me for your all your Charlotte Real Estate needs:

Wendy Richards
Keller Williams Realty
Charlotte NC
704.604.6115
wendy@NCCharlotteHomes.com

Copyright 2011 © The Richards Group. Wendy Richards. All Rights Reserved.

“The Market Report for Fort Mill SC Homes (Metro Charlotte NC)”

Market Report for Rock Hill, South Carolina Homes

Number
Homes Sold

Average # of
Bedrooms

Average # of
Baths

Average
Square
Feet
(SF
)
Average
List
Price
(LP)

Average
LP/SF
Average
Selling Price
(SP)

Average
SP/SF
Average
SP/LP
Average
Days
on
Market
2012
2011
(as of 06-30)
263 3 2 2,102 $171,446 $80.48 $164,806 $77.42 95% 131
2010 503 3 2 2,056 $178,329 $85.38 $170,528 $81.95 96% 120
2009 624 3 2 1,953 $178,609 $89.40 $173,479 $87.85 98% 61
2008 781 3 3 2,006 $202,941 $95.95 $196,563 $93.17 97% 49

* Based on homes sold and closed. The report is for detached residential single family homes only and may not include all sales activity in the area. Source: Carolina Multiple Listing Services, Inc. (CMLS). Information is deemed reliable but not guaranteed.

You can find 593 homes for sale in the Rock Hill SC Real Estate Market, as of July 11, 2011. The listing prices range from $15,000 to $1,750,000. 105 of these homes are currently under contract pending sale.

Visit the following web pages for more information, including homes currently on the market in Rock Hill SC and Charlotte NC:

Homes for Sale in Rock Hill South Carolina

Charlotte NC Home Page

FEATURED LISTINGS FEATURED CITIES NEIGHBORHOODS
Charlotte/Mecklenburg Foreclosures Ballantyne Homes Ballantyne Country Club in Charlotte NC
Charlotte/Mecklenburg HUD Homes Charlotte NC Homes for Sale Dilworth in Charlotte NC
Charlotte NC – On/View of Golf Course Weddington NC Homes Highgate in Weddington NC
Waterfront Homes Wesley Chapel NC Homes Blackstone in Wesley Chapel NC
Short Sales in Charlotte NC Waxhaw NC Homes Cady Lake in Charlotte NC

This Market Report is brought to you by Wendy Richards of The Richards Group.

Call me for your all your Charlotte Real Estate needs:

Wendy Richards
Keller Williams Realty Charlotte NC
704.604.6115
wendy@NCCharlotteHomes.com

Copyright 2011 © The Richards Group. Wendy Richards. All Rights Reserved.

“The Market Report for Rock Hill SC Homes (Metro Charlotte NC)”

« Previous Page« Previous Entries     Next Entries »Next Page »

Categories