Michelle Nantz's Blog » Sellers

Get Help with Your Mortgage Payment in NC on December 1, 2010

Michelle Nantz — Tue, 30 Nov 2010 21:28:18 +0000

Over the past few years, thousands of North Carolinians have lost their jobs due to a slow economy. Many homeowners – perhaps you are one of them – have found it very difficult to keep making their monthly mortgage payments and are in danger of losing their home. The N.C. Foreclosure Prevention Fund offers a Mortgage Payment Program to North Carolina homeowners who are struggling to make their mortgage payments due to job loss through no fault of their own or other temporary financial hardship, such as a divorce, serious illness, or death of a co-signor. Services are provided by HUD-approved counseling agencies statewide.

You may qualify for the Mortgage Payment Program if you are: •unemployed •earning less than you have in the past •facing a temporary financial hardship (for example, you have lost income due to divorce, separation, serious illness, or death of a co-signor) •have a good mortgage payment history prior to your recent income loss or financial hardship To participate, you may be behind (or at risk of getting behind) on your payment, or in foreclosure. To those who qualify, the program offers zero-interest loans up to $24,000 to cover your mortgage and related expenses for up to 24 months while you search for or train for a new job. If you live in one of the 50 counties with the highest unemployment, you may be eligible for up to $36,000 over 36 months.

You may be able to get help in one of three ways: •one-time assistance to bring your mortgage current •short-term assistance while you are looking for a job •long-term assistance while you participate in an approved job retraining program When your application is received and your eligibility is confirmed, the N.C. Housing Finance Agency may place a temporary stay-of-foreclosure for up to 120 days so that the company that owns your mortgage cannot foreclose on your home or take other legal action while your Mortgage Payment Program loan application is under review.

If you qualify for the loan, the N.C. Housing Finance Agency will make your mortgage payment directly to your loan provider or bank. At the end of the assistance period, you will resume making your mortgage payment. If you remain in your home for 10 years, the loan will be forgiven, and you do not have to pay it back. After you have lived in your home for five years, the loan is reduced by 20 percent a year for years six through 10 until you owe nothing. You repay the total amount only if you sell or refinance the home in the first five years, and only if the sale proceeds are sufficient to repay it. Please note that if you refinance your property for better loan terms, we will subordinate our second mortgage; however, if you refinance to consolidate debt or take out cash, the second mortgage loan must be repaid.

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This Month In Real Estate – July

Michelle Nantz — Mon, 26 Jul 2010 14:00:26 +0000



Coldwell Banker United – 10 Day Sales Event Starting this Saturday, June 19th
Michelle Nantz — Thu, 17 Jun 2010 14:32:31 +0000

Starting  June 19th, properties all over the Charlotte and the Lake Norman area  will be participating in Coldwell Banker’s 10-Day Sales Event.   Participating properties will have at least a 2% percent price reduction for 10 days only!
To find participating properties,  check the Charlotte Obsever, News@Norman, Trulia.com, Homes.com and  www.10daysalesevent.com.
There will be Open  Houses for quite a few of these homes throughout the area.
Coldwell Banker Mortgage will be  kicking in an additional $350 toward Buyer Closing Costs when they use  Coldwell Banker Mortgage during this 10 Day Event!
As of today, there is still time to  add your home to the event!
For more  information on participating homes in the area, please call and we will  provide you with a complete list!

         


Charlotte Multiple Listing Release Stats for April 2009 Plus My Stats for Denver/Lincoln County, NC
Michelle Nantz — Fri, 08 May 2009 00:16:07 +0000
I am always curious to see how we are doing in comparison to last year.  I have attached some information, I think you will find helpful!
This data would include all of the Multiple Listing Services Area, such as Lincoln County, Catawba County, Mecklenburg County, Iredell County, Gaston County and a few more.
Pending Contracts:  April 2008 – 2,992    /    April 2009 – 2,269
New Listings:  April 2008 – 6,583    /    April 2009 – 5,050
Closed Homes Reported:  March 2008 - 2,659    /    March 2009 – 1,671
Mortgage Rates:  April 2008 – 6.03%    /    April 2009 – 4.78%
To See the Exact Information Provided by CMLS, Please CLICK HERE.
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Lincoln County Home Sales Statistics
I decided to take this a step further and look at the stats on our side of the Lake, so take a look at these.
Number of Homes Currently on the Market in Lincoln County:  821 Homes
Number of Homes Currently on the Market in Denver Only:  421 Homes
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7196 Catawba Springs Road - Listed at $135,000 - Available Immediately!
Denver Only Homes $1 – $150,000 Currently on the Market – Total – 30
Number of Homes $1 – $150,000 Currently Under Contract – Total – 6
Number of Homes $1 – $150,000 Sold Since 4/1/2009 – Total – 4
There is 6 Months of Inventory at the Rate these Homes are Selling Currently.
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1978 Clarence Chase lane - Listed at $249,900 - Available Immediately!
Denver Only Homes $150,000 – $250,000 Currently on the Market – Total – 54
Number of Homes $150,000 – $250,000 Currently Under Contract – Total – 13
Number of Homes $150,000 – $250,000 Sold Since 3/7/2009 – Total – 11
There is 4.5 Months of Inventory at the Rate these Homes are Selling Currently.
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7257 Drury Lane - Listed At $340,000 - Available Immediately!
Denver Only Homes $250,000 – $350,000 Currently on the Market – Total – 61
Number of Homes $250,000 – $350,000 Currently Under Contract – Total – 0
Number of Homes $250,000 – $350,000 Sold Since 3/7/2009 – Total – 5
There is 24.4 Months of Inventory at the Rate these Homes are Selling Currently.
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4050 Marydel Lane - Listed at $359,900 - Available Immediately!
Denver Only Homes $350,000 – $450,000 Currently on the Market – Total – 35
Number of Homes $350,000 – $450,000 Currently Under Contract – Total – 7
Number of Homes $350,000 – $450,000 Sold Since 3/7/2009 – Total – 7
There is 5 Months of Inventory at the Rate these Homes are Selling Currently.
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4189 Bordeaux Drive - Listed at $439,900 - Available Immediately!
Denver Only Homes $450,000 – $550,000 Currently on the Market – Total – 45
Number of Homes $450,000 – $550,000 Currently Under Contract – Total – 2
Number of Homes $450,000 – $550,000 Sold Since 3/7/2009 – Total – 2
There is 22.5 Months of Inventory at the Rate these Homes are Selling Currently.
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264 Thistle Glen Court - Listed at $649,900
Denver Only Homes $550,000 – $650,000 Currently on the Market – Total – 48
Number of Homes $550,000 – $650,000 Currently Under Contract – Total – 3
Number of Homes $550,000 – $650,000 Sold Since 3/7/2009 – Total – 1
There is 24 Months of Inventory at the Rate these Homes are Selling Currently.
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3642 Lakeshore Road South - Listed at $699,900 - Available Immediately!
Denver Only Homes $650,000 – $750,000 Currently on the Market – Total – 28
Number of Homes $650,000 – $750,000 Currently Under Contract – Total – 1
Number of Homes $650,000 – $750,000 Sold Since 3/7/2009 – Total – 1
There is 28 Months of Inventory at the Rate these Homes are Selling Currently.
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3746 George Court - Listed at $799,900 
Denver Only Homes $750,000 – $850,000 Currently on the Market – Total – 23
Number of Homes $750,000 – $850,000 Currently Under Contract – Total – 0
Number of Homes $750,000 – $850,000 Sold Since 3/7/2009 – Total – 0
We are Unable to Calculate the Months of Inventory in this Price Range with No Solds.
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8011 Blue Water Court - Listed at $849,900
Denver Only Homes $850,000 – $950,000 Currently on the Market – Total – 12
Number of Homes $850,000 – $950,000 Currently Under Contract – Total – 2
Number of Homes $850,000 – $950,000 Sold Since 3/7/2009 – Total – 0
There is 12 Months of Inventory at the Rate these Homes are Selling Currently.
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Denver Only Homes $950,000 – $1,050,000 Currently on the Market – Total – 9
Number of Homes $950,000 – $1,050,000Currently Under Contract – Total – 0
Number of Homes $950,000 – $1,050,000Sold Since 3/7/2009 – Total – 1
There is 18 Months of Inventory at the Rate these Homes are Selling Currently.
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1070 Shoreline Drive - Listed at $1,750,000

Denver Only Homes $1,050,000 and Above Currently on the Market – Total – 10
Number of Homes $1,050,000 and Above Currently Under Contract – Total – 0
Number of Homes $1,050,000 and Above Sold Since 3/7/2009 – Total – 0
We are Unable to Calculate the Months of Inventory in this Price Range with No Solds.
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Number of Lots Currently on the Market in Lincon County:  1,110 Lots

Number of Lots Currently  Under Contract – Total – 7
Number of Lots Sold Since 3/7/2009 – Total – 11
There is 123.3 Months of Inventory at the Rate these Homes are Selling Currently.
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Lot 15 Halyard in Norman Pointe - Listed at $109,900 - Available Immediately!
Number of Lots Currently on the Market in Denver Only:  572 Lots
Number of Lots Currently  Under Contract in Denver Only – Total – 3
Number of Lots Sold in Denver Since 3/7/2009 – Total – 7
There is 114.4 Months of Inventory at the Rate these Lots are Selling Currently.
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7936 Mariners Pointe Lane - Listed at $159,900
Number of Townhomes/Condos on the Market in Lincoln County:  20
Number of Townhomes/Condos Currently  Under Contract – Total – 5
Number Townhomes/Condos Sold Since 3/7/2009 – Total – 2
There is 5.7 Months of Inventory at the Rate these Townhomes/Condos are Selling Currently.
Well That Wraps it Up…I would say that we are still in a Buyer’s Market!  Don’t Shoot the Messenger!  Great Time to Buy!  Spring and Summer will Bring Good Things!
Don’t Forecast the NAR Forecasts a 1% Increase Over Last Year’s Sales!


         


Interest Abatement Options
Michelle Nantz — Fri, 03 Apr 2009 01:01:39 +0000


         


Why Not List Your Lake Norman Area Home During the Holidays?
Michelle Nantz — Tue, 16 Dec 2008 12:46:44 +0000


The two most asked questions during this time of the year are 1) Should I take my home off the market during the holidays? AND  2) Should I list my house during the holidays?
The Holidays can be a difficult time to have your house shown by Realtors, but it does offer the perfect opportunity to market your home to a new audience. 
Lake Norman is a beautiful area to visit during the winter (or any season for that matter).  Christmas and New Year’s Guests are abundant in the homes surrounding Lake Norman at this time of year.
With so many visitors, surely a few will be inticed by our mild climate, great schools, and good business opportunities…Not counting great home prices, low interest rates, and fantastic credits that are now available.  Many take advantage of longer vacation days during the holidays to go on their house hunting expeditions without losing work days.
All of these reasons, make staying on the market or putting your home on the market during the holidays a good idea! 
Playing the role of the seller during the holiday with Realtors attempting to make appointments at difficult times is often a concern.  The great thing about CMLS is the use of a showing service. Realtors call this showing service to schedule appts to show your home.  When the call comes, if the timing is not perfect then suggest a time that you can work into your winter festivities for a showing. 
Do not be concerned about your home being in the perfect state at all times.  Christmas decorations in good taste add Charm to a Home and particulary the smells of those great foods and deserts that linger in the air.  What a perfect time for a Buyer to see what it is like to call your House..A Home?
With a little help and advice from your Real Estate Professional all of the problems associated with having your home listed during the holidays can be overcome!
Best Wishes on Your House Hunt or Selling Your Home this Holiday Season!  Happy Holidays!


         


The “REAL” Real Estate Stats in Denver, NC
Michelle Nantz — Tue, 16 Dec 2008 12:44:05 +0000


I hear plenty of stats from the Media with information on the US, NC, but certainly nothing specifically on the Denver Area. 




Century 21 Hecht Realty Inc has the Majority of the Market Share of Closed Transaction in Denver at 17.5% and has led the Denver Market every Month of 2008.
For MLS Areas 13/4 (Denver) & 14/2 (East Lincoln Cty), Inventory is up 7%, while sales are down 51% year over year.
Breaking this information down into price ranges, $250,000 and under is steady and has been a good price range for home sales regardless of what is going on in the economy or media.  $250,000 to $500,000 is down 75% year over year.  $500,000 and Up is down 17%.  The reason for such a small drop in the upper price ranges is due to significant drops over a longer period of time that have already transpired.
Homes are still selling but the use of a Qualified Real Estate Agent and Firm become an absolute necessity.  Along with Competitive Pricing and a Perfectly Staged Home are Simply a must. 
If selling is not a necessity and you, as the seller, are not completely committed towards selling the home – SELLING NOW is not the time for you.
With complete commitment from all sides, homes are selling.  You may not make as much off the sale of your home, but you will find a big savings on your new home purchase plus a low mortgage interest rate.
If you are a first time home buyer or have not made a home sale in the last two years, you will also be able to cash in on the $7500 tax credit and the low mortgage interest rates.
There are lots of positives in the market.  Use a Qualified Real Estate Agent to sift through the information and find the best options for you.
These are no longer the days of putting the sign in the yard and the home will sell regardless of your commitment or your Agent’s commitment to the process.