Low Cost Reverse Mortgages

Extended Tax Credits for HomeBuyers Remain

admin — Fri, 13 Nov 2009 11:18:37 +0000

The popular first-time homebuyer tax credit that was scheduled to end this month is being extended. President Obama signed a bill that extends the up to $8,000 tax credit for first-time homebuyers for seven months. An additional incentive for the housing industry is for homeowners. The $6,500 tax credit will benefit some existing homeowners who are also buyers and whose primary residence has been owned, used, sold, or being sold within at least five consecutive years of the previous eight years. The legislation is part of a bill that also extends unemployment benefits.

Bruce Walker, Director of Marketing, RealEstate.com Reportedly, the credit would be available for people earning up to $125,000 a year and couples making up to $225,000 per year. This is an increase from the current income limits of $75,000 and $150,000, respectively. The extension of the first-time homebuyer credit lasts through June of next year. Buyers must sign a contract by the end of April 2010.

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Malone Bay Wilkes County NC Kerr Scott Lake

admin — Mon, 09 Nov 2009 11:14:10 +0000

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.

Lot #10

MLS Number: 54632
List Price: $450,000
Lot Size: 2.8 acres
WATERFRONT, PRIVATE DOCK PERMIT, GATED COMMUNITY, PUBLIC WATER, UNDERGROUND UTILITIES
Wilkes MLS Area 2
Suitable Use: Residential, Single Family
Topography: Rolling, Lake/Pond, Exceptional View
Utilities: Underground Utilities
Water/Sewer: Public Water, None-Sewer
Road Frontage: Private Road, Paved Road, Road Maintenance Agreement
Miscellaneous: 1-5 Acres, Hardwoods
Location: Malone Way

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A Quick Lawn Fix May Help Sell Your Home

admin — Fri, 06 Nov 2009 12:14:21 +0000

A lot of things can be fixed fairly quickly like a leaky faucet, marks on walls, or a cluttered room. But ugly, patchy, lawn can be a sign of lack of care which conveys a message instantly to potential buyers. And if that poor lawn is in the front yard, an ill impression of the overall home can be formed before buyers even step inside. A home that looks appealing from the outside in is what buyers are shopping for these days. Bidding wars and flipping homes aren’t the norm right now.

So buyers are shopping the often large inventory and comparing everything. What they see when they approach your home may stay with them through their entire search. Remember the adage, “A first impression is often the last impression.” In market conditions where inventory is still high a good look at your grass and the image it presents is vital.

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Valle Crucis Mountain Estate

admin — Mon, 02 Nov 2009 11:11:13 +0000

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.

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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Talk Of Extending The Homeowner Tax Credit On The Hill

admin — Fri, 30 Oct 2009 10:20:29 +0000

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.

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Investment Tips For New Investors

admin — Fri, 23 Oct 2009 11:29:37 +0000

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?

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Malone Bay W. Kerr Scott Lakefront Lot

admin — Mon, 19 Oct 2009 10:28:37 +0000

Lot #17 – Driveway and house site cleared. Open to offers. A unique, large acreage waterfront lot near a great full service town.

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

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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Origin Of Wallboard Manufacture Important To Insurers

admin — Fri, 16 Oct 2009 10:23:53 +0000

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.

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Valle Crucis Luxury Estate For Your Family

admin — Mon, 12 Oct 2009 10:59:46 +0000

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.

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.

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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Homebuyer Tax Credit To End

admin — Fri, 09 Oct 2009 10:07:54 +0000

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.