October 2009
Monthly Archive
30 Oct 2009 05:21 am
The Homeowner Tax Credit May Be Extended
There is still bipartisan support in Congress for extending the credit past Nov. 30 and making it available to more homebuyers. The Obama administration wants the credit extended for a “limited period,” Treasury Secretary Tim Geithner and Housing Secretary Shaun Donovan said Thursday. They did not elaborate.
What’s on the table now? There appears to be a compromise deal that falls between the most and least generous proposals that have been put forth so far. “There is bipartisan compromise to extend the credit through spring and expand it to existing homeowners who are stepping up to a different home,” financial policy analyst Jaret Seiberg wrote in a research note for Concept Capital’s Research Group. (more…)
26 Oct 2009 05:19 am
It’s A Short Commute To Work With These Malone Bay Lakefront Lots
The Malone Bay community features 18 lots at W. Kerr Scott Dam & Reservoir. Fourteen (14) are Lakefront and meet private dock requirements. All lots have access to public water, saving owners from $5,000 to $10,000 on drilling a well. These lots have public water and will save you the cost of drilling a well. The entire development also features underground utilities.
This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697
W. Kerr Scott Lake is 1500 acres with 50 miles of shoreline and is controlled by the US Army Corps of Engineers. It is clean water with good fishing and is excellent for boating, kayaking, skiing, and swimming. The property is surrounded by National Parks. Wilkesboro is a beautiful community and town with friendly people. It is located just 40 miles east of Boone and Blowing Rock, NC and one and a half hours northwest of Charlotte.
click here for more information
23 Oct 2009 06:30 am
Tips For New Investors
Some of the key rules for freshman class investors? Here are a few:
Number one: Due diligence is never optional. You’ve got to understand the local market – and that includes not just where prices are headed, but specific market demand for rental real estate in this price segment, and even the local government’s plans for the area where you’re thinking of buying.
Number two: Buy with a written plan – that’s right, just like the large professional investors use, with an entry strategy and an exit strategy. How long are you going to hold onto the property, how much will it earn you during your period of holding?
And what’s the endgame – a sale to another investor? Conversion to condos? Tear it down and build something that’s closer to the underlying real estate’s highest and best use? (more…)
19 Oct 2009 05:29 am
Malone Bay W. Kerr Scott Lake Lot
Lot #17 – Driveway and house site cleared. Open to offers. A unique, large acreage waterfront lot near a great full service town.
The Malone Bay community features 18 lots at W. Kerr Scott Dam & Reservoir. Fourteen (14) are Lakefront and meet private dock requirements. All lots have access to public water, saving owners from $5,000 to $10,000 on drilling a well. These lots have public water and will save you the cost of drilling a well. The entire development also features underground utilities.
This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697
W. Kerr Scott Lake is 1500 acres with 50 miles of shoreline and is controlled by the US Army Corps of Engineers. It is clean water with good fishing and is excellent for boating, kayaking, skiing, and swimming. The property is surrounded by National Parks. Wilkesboro is a beautiful community and town with friendly people. It is located just 40 miles east of Boone and Blowing Rock, NC and one and a half hours northwest of Charlotte.
Main Channel Views.
Private dock.
3.87 acres.
MLS Number: 52139
List Price: $242,500
Lot Size: 3.87 ac.
Apx Acreage: 3.87
Type: Waterfront
Area: Area 2
Suitable Use: Residential
Topography: Rolling
Utilities: Underground Utilities
Road Frontage: Private Road
Restrictions: yes
Water/Sewer: Public Water
Location: Malone Way
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16 Oct 2009 05:24 am
Insurers Question Homeowner Policy Over Wallboard
Thousands of homeowners nationwide who bought new houses constructed from the defective building materials are finding their hopes dashed, their lives in limbo. And experts warn that in some instances insurers will drop policies or send notices of non-renewal based on the presence of the Chinese drywall, will become rampant as insurance companies process the hundreds of claims currently in the pipeline.
At least three insurers have already canceled or refused to renew policies after homeowners sought their help replacing the bad wallboard. Because mortgage companies require homeowners to insure their properties, they are then at risk of foreclosure, yet no law prevents the cancellations. (more…)
12 Oct 2009 06:00 am
Valle Crucis Luxury Estate For You App Fans
High in the lush Blue Ridge mountains of North Carolina at 3600 foot elevation on 40 acres of rolling hills sits this expansive, bucolic family complex with 360 degrees of spectacular panoramic views.
This estate includes a luxurious 5,200 square foot family mansion with every amenity and five (5) individual 1400 square foot, two bedroom, two bath extended family cottages.
Unique to this property is a four acre barnyard complex with a 950 square foot barn equipped with electricity and running water, tack room, loft, baby animal paddock, and three fenced and gated pastures. You will also find a 40,000 gallon koi pond fed by an onsite spring and stocked with 200 koi fish. For the young folks, there is a children’s playground, complete with climbing wall, swings, slides, a basketball court, and a 25 foot play fort.
Valle Crucis is in Watauga County, west of Boone and only a few hours from the jamming traffic of bigger cities. Day and weekend getaways are possible, but most eventually return for a much longer stay.
At over 3,000 feet elevation, Valle Crucis is famous for it’s abundance of North Carolina Christmas Tree farms. Valle Crucis is a vacation and retirement paradise with hiking, canoeing, fishing, swimming, mountain biking, horseback riding, skiing, golf and much more.
With both the Blue Ridge Parkway and numerous ski slopes nearby, visitors to Valle Crucis come to experience cool summer breezes, spectacular mountain scenery and outdoor recreation.
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Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net
click here for more information
09 Oct 2009 05:08 am
First Of December End Of The Homebuyer Tax Credit
Passed earlier this year as part of the economic stimulus package, the homeowner tax credit is good for up to $8,000, or 10% of the purchase price, and applies to people who have not owned a home in the previous three years. (There are some income restrictions.) The best part: Unlike a similar program from 2008, the credit does not have to be repaid.
The bad part: It ends on Dec. 1.
Because it usually takes around 90 days to close on a house after a contract is signed, buyers have very little time left to act. As of Thurs., Aug. 27, there were only 96 days left before the credit ends.
07 Oct 2009 05:40 am
Mortgages Tougher To Come By For Minorities
The housing collapse has made it even tougher for blacks and Hispanics to get mortgages, according to a new government report.
While credit has tightened for everyone, blacks and Hispanics are being denied loans at higher rates than whites, according to new federal data. And the gap is widening.
Lending to black and Hispanic borrowers also fell more quickly than average between 2006 and 2008, according to the 2008 Home Mortgage Disclosure Act data, released Wednesday by Federal Financial Institutions Examination Council. The council consists of the five U.S. bank regulators.
Blacks were denied mortgages 36.1% of the time in 2008, while Hispanics could not get a loan 31.1%, according to the data. Whites had denial rates of 13.6%. (more…)
05 Oct 2009 05:37 am
Living On A Malone Bay Lakefront Lot Means A Quick Commute
The Malone Bay community features 18 lots at W. Kerr Scott Dam & Reservoir. Fourteen (14) are Lakefront and meet private dock requirements. All lots have access to public water, saving owners from $5,000 to $10,000 on drilling a well. These lots have public water and will save you the cost of drilling a well. The entire development also features underground utilities.
This is a gated community with lots ranging from 2.3+- acres to 6.8+- acres on the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697
W. Kerr Scott Lake is 1500 acres with 50 miles of shoreline and is controlled by the US Army Corps of Engineers. It is clean water with good fishing and is excellent for boating, kayaking, skiing, and swimming. The property is surrounded by National Parks. Wilkesboro is a beautiful community and town with friendly people. It is located just 40 miles east of Boone and Blowing Rock, NC and one and a half hours northwest of Charlotte.
click here for more informationMalone Bay Lakefront Lots
02 Oct 2009 08:22 am
Increasing Home Insulation A Good Move
Heating and cooling for an average home account for 50 percent to 70 percent of a homeowner’s energy usage. If your home isn’t adequately insulated that can mean added costs that deplete your wallet each month.
The Energy Efficient Codes Coalition (EECC) strives to achieve an initial 30 percent boost in the energy efficiency of the 2009 International Energy Conservation Code (IECC) over its 2006 counterpart. The EECC writes on its Web site, “Because homes and other buildings are the largest sectors for US energy and electricity consumption, using 40 percent of US energy and 71 percent of its electricity, respectively and, at 37 percent, the largest single source of American’s greenhouse gas emissions, they represent the nation’s last great frontier of wasted energy.
The move toward building more energy-efficient homes is increasing. According to the 2006 McGraw-Hill Construction Residential Green Building SmartMarket Report, by 2010 green homes will make up 10 percent of new home construction; that’s up from just 2 percent in 2005. (more…)
