Michelle Nantz's Blog » Westport

Huge Price Reduction – Waterfront at Lake Norman – Westport!

Michelle Nantz — Sat, 26 Jun 2010 13:45:57 +0000

$540,000 – This is a Steal!

Aerial View - 3642 Lakeshore Road South!

Front Exterior View

Waterfront Shoreline Private Pier/Slip

Finished Basement with Bar and Media!

Act Now!

Foreclosures in Denver, NC

Michelle Nantz — Mon, 12 Apr 2010 16:27:50 +0000

Additional Foreclosure Homes in Denver, NC. Interested? Call me at (980) 722-4971 or E-Mail me at michelle.nantz@cbunited.com.

3.01 Acres in Gated Community - 4300-5100 SF - 3 Car Garage - $639,900

Listed by Moss Realty

Waterfront - 3600-4300 SF - 0.822 Acre - 3 Car Garage - $799,000

Listed by Keller Williams

Waterfront - 0.87 Acres - 3600-4300 SF - 3 Car Garage - $818,900

Listed by Marc 1 Realty

Waterfront - 1.01 Acres - 6100-7300 SF - 3 Car Garage - 1.399 Mil

Listed by Marc 1 Realty

Denver, NC Foreclosures

Michelle Nantz — Fri, 09 Apr 2010 16:05:38 +0000

All buyers are actively seeking a deal these days and one of the best ways to get a deal is with a foreclosure. I will keep you updated on new foreclosures that come on the market. Keep checking back for updates.

If one of these properties interests you, please call me for a tour (980) 722-4971!

1.27 Acres - 1400-1800 SF - Denver, NC - $79,900

Listed by United Country Gates Real Estate & Auction Group

0.194 Acres - 1100-1400 SF - 2 Car Garage - $106,500 - Denver, NC

Listed by Realty Executives Lake Norman

Boat Slip - 0.77 Acre - 2600-3100 SF - 2 Car Garage - $299,900 - Denver, NC

0.126 Acres - 1800-2200 SF - 2 Car Garage - $179,900 - Denver, NC

Listed by Benham Real Estate Group, Inc.

0.53 Acres - 1900-2400 SF - 2 Car Garage - 1 Car Detached - $249,900 - Denver, NC

Listed by Coldwell Banker Boyd & Hassell

Boat Slip - 0.77 Acre - 2600-3100 SF - 2 Car Garage - $299,900 - Denver, NC

Listed by Moss Realty

1.5 Acres - 3200-3900 SF - 3 Car Garage - Denver, NC

Listed by Coldwell Banker United, Realtors

Renovated - Waterfront - 0.5 Acre - 2000-2400 SF - 2 Car Garage - $399,900

Listed by Realty Executives Lake Norman

0.937 Acres - Waterview - 3200-3900 SF - 3 Car Garage - $399,900

Listed by Nestlewood Realty, LLC

Waterfront - 0.57 Acres - 2800-3400 SF - 2 Car Garage - $479,900

Listed by Nord Realty

New Custom with Basement - 0.49 Acres - 3000-3600 SF - 3 Car Garage - $529,900

Listed by RAS Realty LLC dba Charlotte Home Advisers

Updated Foreclosures will be coming daily!

If one of these properties interests you, please call me for a tour (980) 722-4971!

Properties reported may be listed or sold by various participants in the MLS.
This information may be subject to errors and should be verified by the user.

Along the Way in Lincoln County

Michelle Nantz — Wed, 24 Mar 2010 16:49:18 +0000

The View from Lighthouse Point at Unity Church Road in Denver, NC

The Cows in a Winter Field

Red Barns

Denver at Dusk

Westport Baptist Church at Westport on Hwy 16 in Denver, NC

Coldwell Banker United in Denver, NC on Hwy 16 at Night

Jumbo Lending Still Available

Michelle Nantz — Thu, 09 Jul 2009 17:00:40 +0000

Here at Lake Norman we have continued to see little to no showings and sales in the upper price ranges. I found this article particularly helpful. The loans are available.

$1,350,000 on the Shores of Lake Norman

Bank of America has cut interest rates on jumbo mortgage loans in the hopes of expanding its share of what the bank sees as an underserved market for loans too big for purchase or guarantee by Fannie Mae and Freddie Mac.

Not everybody will qualify for the 30-year, fixed-rate loans of up to $3 million that Bank of America has been offering at reduced rates since January, with interest rates currently in the high 5 percent range.

In order to qualify, borrowers will need strong credit (a 720 FICO score or above), down payments of 20 percent or more, documented income, full appraisals, and assets sufficient to cover six months of payments, said Bank of America product management executive Vijay Lala.

But Bank of America thinks its fixed-rate jumbo loans will prove to be attractive to qualifying borrowers, because many competitors will be hard-pressed to match its rates.

Jumbo loans have become more expensive and harder to come by since September 2007, when rising delinquencies gave investors who fund most home loans through the purchases of mortgage-backed securities cold feet about “private label” securities that don’t carry the backing of Fannie and Freddie.

Unlike some lenders who must securitize and sell the loans they originate, Lala said Bank of America has plenty of room on its balance sheet to fund jumbo loans and hold them for investment, and is “putting the pedal down on our pricing and going after this market.”

Lala said Bank of America and Countrywide Financial Corp., which it acquired last year, funded $16.12 billion in jumbo loans in 2008. Although jumbo loan funding dropped to just $2.4 billion in the fourth quarter, Bank of America is already seeing “very nice volume” since introducing its more aggressive pricing.

Bank of America will only offer the loans directly to consumers — and not through independent mortgage brokers — through retail bank branches and Countrywide Home Loans (which will be re-branded Bank of America Home Loans on April 22). Lala said he expects many borrowers will be existing Bank of America customers.

The loans are aimed not only at homebuyers, but homeowners with adjustable-rate mortgage (ARM) jumbo loans who are looking to refinance at better rates. For both purchases and refinancings, the loan-to-value ratio can’t exceed 80 percent on loans up to $1.5 million, or 70 percent on loans up to $3 million.

While some other national lenders, such as ING Direct, offer jumbo loans, in many markets small community banks that lend against local deposits have been the main players, said Dan Green, a Cincinnati-based loan officer for Mobium Mortgage Group Inc.

Many of those lenders are able to aggressively price jumbo ARM loans but may not offer fixed-rate jumbo loans at all, Green said, because they are more sensitive than Bank America to changes in interest rates that affect lenders’ own funding costs.

Although niche lenders are offering rates on 3-year or 5-year jumbo ARM loans of around 4.5 percent that carry significantly lower monthly payments at the outset, some borrowers may prefer the certainty provided by the higher rate offered by Bank of America on its 30-year fixed-rate loans, Green said.

“It’s nice there’s an outlet, and I suspect there will be competition soon,” Green said. He said Bank of America’s underwriting standards “aren’t the loosest or the strictest — they’re right down the middle of the road.”

After the secondary market for jumbo loans seized up in 2007, lawmakers raised the loan limits for Fannie, Freddie and FHA loan guarantee programs. For most of 2008, the $417,000 conforming loan limit was allowed to stretch to 125 percent of the median home price in high-cost markets, with a ceiling of $729,750.

Assuming that the jumbo loan market would be on its way to a recovery by now, Congress mandated the limits would step back down to 115 percent of median home price on Jan. 1, with a ceiling of $625,500.

The $787 billion economic stimulus bill passed by Congress in February, the American Recovery and Reinvestment Act, restored the limits in place during most of 2008 for the remainder of this year.

By Matt Carter, Friday, March 20, 2009.

Inman News

Open Houses This Weekend April 18th – Noon to 3 pm

Michelle Nantz — Tue, 14 Apr 2009 14:48:19 +0000

April CENTURY 21′s Open House Month

Michelle Nantz — Sun, 15 Mar 2009 21:45:10 +0000

April is Open House Month

April is Once Again OPEN HOUSE MONTH for CENTURY 21 – Hecht Realty, Inc.!

Every Year Participation of Local Buyers has Grown and Grown. This year we’re also having a CENTURY 21’s “Path to Your Dream” Sweepstakes held during April Open House Month. One lucky consumer will win $221,000 towards the home of their dreams.

Visiting Open Houses allows a Buyer the Opportunity to visit many homes in a day that may meet their criteria in a new home, look at homes in different price ranges and make amenity and upgrade comparisons, and get some of your most important Real Estate Questions answered by Local Professionals.

We will also have our Open House listings tagged on OpenHouse.com and Century21.com.

I personally am planning a HUGE Open House Month. If there is a listing of mine you have been dying to check out, stay tuned for Homes, Dates and Times or Simply Contact Me for More Information!

Update on The Club at Westport

Michelle Nantz — Sun, 22 Feb 2009 06:18:44 +0000

I recently received another update from The Club at Westport.

The windows are now going in at the clubhouse and roof tile is almost complete. Brick work should begin next week.

The sunny days in the last few weeks has provided the perfect weather for working on concrete. Construction on Both Pools and the Tennis Courts is moving right along.

Don’t forget the Pre-Construction Membership is Only $350 for a Year. This is a Huge Savings Over Regular Rates.

For more information check out: http://theclubatwestport.com

Check out some of the recent construction pictures in Westport!

The Club at Westport – Update – Denver, NC

Michelle Nantz — Thu, 01 Jan 2009 22:11:06 +0000

In Denver, we are all thrilled about the new Club at Westport being constructed on the site of the Old Westport Clubhouse and Pool. The new facility will offer a Jr. Olympic Swimming Pool with wake-free zones for competitive swimming, 8 lighted clay Tennis Courts, 24/7 Fitness Center, 6,000 Sq Ft Clubhouse/Pro Shop, Snack Bar, Member Lounge and many more features.

A recent e-mail from the The Club notes that progress is being made on the Clubhouse even with all of the rain. The lower level Foundations have been poured and you can now see the Outline of the Jr. Olympic Pool and the Smaller Pool.

The Club says it is focused on Family Enjoyment plus organized competitive Swimming and Tennis.

You do not have to be a Resident of the Westport Community to join The Club. Pre-Construction Initiation Fees are a great value at $350 a year for the family. Once construction is complete, the initiation fee goes up to $1000 for the year.

For more information visit their website at: http://theclubatwestport.com/newsflash.aspx

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.