Many people consider Charlotte Property Tax Values as an estimate of the value of Charlotte Homes. Please be careful with this rule of measure. First consider what the property tax values really are.
In North and South Carolina the homes are assessed every so many years. Homes are assessed county wide when this is done. They will be assessed no less often than every 8 years but counties can reassess more frequently.
Now what does this mean to you? When ever the homes are assessed, keep in mind the quantity of homes that are considered. This amounts to bulk assessments. A home in a given area has its value based upon "similar homes" sold recently in the area. If the sold homes were in great condition, brick, with fantastic landscaping then an older home, of a similar size will likely be assessed at a similar value. The system is not perfect by no means but the county allows you to dispute the assessment if you feel your home is over valued. Many see the assessment, think that there home is now worth more and are pleased with the imaginary home equity.
What does this mean for the seller or buyer. First let's consider the person purchasing Charlotte Real Estate. If the assessment was done 5 years ago and the home is selling for less than 5 years then you are "reasonably safe" in assuming this neighborhood is on the decline. If the sale price is a lot more than the tax value then it is likely that this neighborhood is increasing in value.
For the Seller of Charlotte Real Estate I would not place much faith in the assessments and either pay for an appraisal or rely on your Charlotte Realtor for the market value. The Real Estate Agent will focus on your particular home to assure the value is more reasonable and actually assess fair market value.
There are great deals when purchasing Carolina homes but you really need to have a thorough understanding of the facts and figures that you are using to assess value. There are also neighborhoods that have skyrocketed in value. These prices are often superficially inflated by investor demand and the values are not sustainable in the short term. Please be careful.
Visit my website for additional information and insights into the greater Charlotte Real Estate market. Call me direct if you would like me to help you find ideal Charlotte NC Homes For Sale.
Tuesday, January 20, 2009
Thursday, January 15, 2009
Charlotte Property
Considering Charlotte Property for Sale as an investment? During these uncertain times in the economy many people are reconsidering their investment strategy. Consider no longer! Purchase Charlotte land! Yes Charlotte Real Estate has been in great demand for the past 15+ years but there is still a lot of room for expansion. So where will the expansion go? How far out do you buy? This depends on you.
If you are looking to capitalize on the weekend/summer homes then perhaps the mountains or a lake community will be ideal. If you are looking for shorter term investment the closer will be a better fit for you. Keep in mind that national investment companies have been purchasing Charlotte Property for Sale that expands 30 to 40 minutes away form Charlotte. These investment firms know how far out a typically city grows and realize how large the greater Charlotte Real Estate market will be.
Visit Charlotte NC Homes For Sale and find your ideal opportunity. Call me, Rick Waite today and I will help you in learning our area and finding the ideal piece of Charlotte property or Charlotte land for you.
If you are looking to capitalize on the weekend/summer homes then perhaps the mountains or a lake community will be ideal. If you are looking for shorter term investment the closer will be a better fit for you. Keep in mind that national investment companies have been purchasing Charlotte Property for Sale that expands 30 to 40 minutes away form Charlotte. These investment firms know how far out a typically city grows and realize how large the greater Charlotte Real Estate market will be.
Visit Charlotte NC Homes For Sale and find your ideal opportunity. Call me, Rick Waite today and I will help you in learning our area and finding the ideal piece of Charlotte property or Charlotte land for you.
Saturday, December 27, 2008
Charlotte NC Homes For Sale and Mortgages
Many people listen to the media and feel that no one can receive a home mortgage. Please allow your intelligence to be your guide. The media is a medium for distortion and sensationalism.
Contact a mortgage professional and pursue your options. Yes, high risk loans were a foolish creation dictated by our Government. This created a national financial crisis. Mortgage companies, banks and lenders are now making loans that are minimal risk. In reality this is what banks have done since banks began providing mortgages.
Banks are not mints. They are guardians of our combined savings and are supposed to be intelligent stewards of our life savings. They assess risk and intelligently lend out our money and provide us a modest return. They are merely the middle man managing our money. The Government, via the Community Reinvestment Act told the banks to ignore their stewardship responsibilities and that the Federal Government would guarantee the high risk loans. The legislators foolishly are not intelligent enough to understand financial risk and thus the Government created the crisis.
Banks are still making loans but they are requiring sound financial fundamentals. This is the way it is supposed to be. Banks understand that too much debt will ultimately lead to a personal financial crisis.
I have worked with several lenders lately and they are in fact still making loans. Call me today at 704.770.6559 and I can help you contact lenders that are reputable and will help you all along the way to purchasing your new home.
Visit Charlotte NC Homes For Sale Charlotte Real Estate for additional information of our great real estate opportunities.
Contact a mortgage professional and pursue your options. Yes, high risk loans were a foolish creation dictated by our Government. This created a national financial crisis. Mortgage companies, banks and lenders are now making loans that are minimal risk. In reality this is what banks have done since banks began providing mortgages.
Banks are not mints. They are guardians of our combined savings and are supposed to be intelligent stewards of our life savings. They assess risk and intelligently lend out our money and provide us a modest return. They are merely the middle man managing our money. The Government, via the Community Reinvestment Act told the banks to ignore their stewardship responsibilities and that the Federal Government would guarantee the high risk loans. The legislators foolishly are not intelligent enough to understand financial risk and thus the Government created the crisis.
Banks are still making loans but they are requiring sound financial fundamentals. This is the way it is supposed to be. Banks understand that too much debt will ultimately lead to a personal financial crisis.
I have worked with several lenders lately and they are in fact still making loans. Call me today at 704.770.6559 and I can help you contact lenders that are reputable and will help you all along the way to purchasing your new home.
Visit Charlotte NC Homes For Sale Charlotte Real Estate for additional information of our great real estate opportunities.
Wednesday, December 10, 2008
Charlotte NC Homes For Sale
The Monday night football game has placed the spotlight upon Charlotte Real Estate. Many visitors were surprised and impressed with the quality of life that uptown Charlotte homes have to offer. Uptown Charlotte has man condos for sale in various price ranges. This provides the ultimate in urban life style.
In addition to the condos, many are surprised to find so many of the surrounding neighborhoods with so much potential. Charlotte has many small brick ranch homes within a few miles of center city that have been rentals for many decades. These neighborhoods are ideal for revitalization. many of these communities have already experienced the transformation such as The Arts District AKA NODA, Chantilly, Elizabeth and Dilworth. There are several other neighborhoods with the same potential and just waiting for the next entrepreneurs to apply their magic.
To learn more about Charlotte Homes For Sale visit my website and give me a call at 704.770.6559 today. Your future awaits!
In addition to the condos, many are surprised to find so many of the surrounding neighborhoods with so much potential. Charlotte has many small brick ranch homes within a few miles of center city that have been rentals for many decades. These neighborhoods are ideal for revitalization. many of these communities have already experienced the transformation such as The Arts District AKA NODA, Chantilly, Elizabeth and Dilworth. There are several other neighborhoods with the same potential and just waiting for the next entrepreneurs to apply their magic.
To learn more about Charlotte Homes For Sale visit my website and give me a call at 704.770.6559 today. Your future awaits!
Sunday, November 23, 2008
Tega Cay Real Estate
Tega Cay is a fantastic city in South Carolina that is only minutes from Charlotte NC Real Estate. Tega Cay began as a subdivision in the 70's with a unique concept. Tega Cay is built on a peninsula of Lake Wylie and the architecture resembled the Polynesian islands. You will find delightful Tega Cay Homes for Sale to have a contemporary resort feel. There is the 27 hole golf course and driving range, the public country club, tennis courts, several parks, a beach, many ball fields and a marina.
There are many positive features with Tega Cay but one great feature is the diversity of Real Estate. There are multimillion dollar homes with breathtaking water views and many small older homes that are still priced less than $200,000. This is an outdoor community and you will enjoy the walking trails all year round.
Tega Cay eventually out grew the Peninsula and now Tega Cay Real Estate includes area beyond the initial subdivision parameters. These home and subdivisions are newer with a wide variety of options.
How about property taxes and HOA dues. Residents living within Tega Cay are exempt from HOA dues since all of the amenities are/were included within the initial subdivision. Tega Cay and South Carolina Property Taxes are also very reasonable due to the recent change in South Carolina School funding. The South Carolina schools are funded via the lottery and the sales tax. This is a large benefit to home owners and balances out the school funding responsibilities. In addition South Carolina provides a tax benefits to home owners. Investors will pay higher property taxes on their homes. This provides a disincentive for investors and further enhances the value of your Tega Cay Real Estate.
How about the schools? Tega Cay attends the Fort Mill Schools which have some of the highest academics in all of South Carolina. Tega Cay was actually a subdivision within Fort Mill Real Estate prior to the subdivision becoming its own city. You will be pleased with your Tega Cay home and enjoy the resort life style.
There are many positive features with Tega Cay but one great feature is the diversity of Real Estate. There are multimillion dollar homes with breathtaking water views and many small older homes that are still priced less than $200,000. This is an outdoor community and you will enjoy the walking trails all year round.
Tega Cay eventually out grew the Peninsula and now Tega Cay Real Estate includes area beyond the initial subdivision parameters. These home and subdivisions are newer with a wide variety of options.
How about property taxes and HOA dues. Residents living within Tega Cay are exempt from HOA dues since all of the amenities are/were included within the initial subdivision. Tega Cay and South Carolina Property Taxes are also very reasonable due to the recent change in South Carolina School funding. The South Carolina schools are funded via the lottery and the sales tax. This is a large benefit to home owners and balances out the school funding responsibilities. In addition South Carolina provides a tax benefits to home owners. Investors will pay higher property taxes on their homes. This provides a disincentive for investors and further enhances the value of your Tega Cay Real Estate.
How about the schools? Tega Cay attends the Fort Mill Schools which have some of the highest academics in all of South Carolina. Tega Cay was actually a subdivision within Fort Mill Real Estate prior to the subdivision becoming its own city. You will be pleased with your Tega Cay home and enjoy the resort life style.
Sunday, November 09, 2008
Charlotte Real Estate For Sale
What is the state of Charlotte Real Estate investments and how is the market activity? Wachovia created quite a scare but fortunately Wells Fargo will be ideal for the greater Charlotte market.
We also continue to see the Kannapolis Bio Tech Research park expand its operations and this will continue t support the North Charlotte market including Cabarrus County, Concord and Kannapolis Real Estate.
South Carolina continues to grow as the infrastructure expands to support the ever growing demand. Take a drive down Hwy 521 from Ballantyne Homes for Sale and you will readily see what I am referring.
The real estate market has definitely slowed from 2 years ago but the prices remain stable. Homes merely stay on the market longer. Charlotte home owners are not ready to give away their homes. Yes, our demand comes from all across this great nation and the demand is still there. The difficulty remains with current home owners being unable to sell there homes so that they can come and enjoy Charlotte.
Ultimately the people will sell their homes and we will welcome them to our community. Charlotte remains strong and we continue to diversify our economy. Visit Charlotte Real Estate for additional information on all f our great areas to call home.
We also continue to see the Kannapolis Bio Tech Research park expand its operations and this will continue t support the North Charlotte market including Cabarrus County, Concord and Kannapolis Real Estate.
South Carolina continues to grow as the infrastructure expands to support the ever growing demand. Take a drive down Hwy 521 from Ballantyne Homes for Sale and you will readily see what I am referring.
The real estate market has definitely slowed from 2 years ago but the prices remain stable. Homes merely stay on the market longer. Charlotte home owners are not ready to give away their homes. Yes, our demand comes from all across this great nation and the demand is still there. The difficulty remains with current home owners being unable to sell there homes so that they can come and enjoy Charlotte.
Ultimately the people will sell their homes and we will welcome them to our community. Charlotte remains strong and we continue to diversify our economy. Visit Charlotte Real Estate for additional information on all f our great areas to call home.
Wednesday, October 22, 2008
Charlotte Suburbs
Many people are interested in the growth all around Charlotte and seeking their ideal opportunity. Kannapolis NC Real Estate needs to be a consideration. Kannapolis was a quaint mill town until 2003 when the Pillowtex factory officially went out of business. Since then a complete transformation has taken place to this little town. Kannapolis is located northeast of Charlotte and about a 30 minute drive to uptown. Kannapolis is in Cabarrus County and now is the bio technology headquarters! Dole foods has teamed up with several universities to establish the bio tech center in Kannapolis. The grand opening of the first research center was this week in addition to the latest member to join in, Pepsico! It is incredible to see the continued growth in this area despite the current world economic situation.
If you want to be on the cutting edge of development and bio technology, Homes in Kannapolis is here for you! Learn more about greater Charlotte Real Estate and Charlotte Suburbs and make your move. 2009 is going to be a great year!
If you want to be on the cutting edge of development and bio technology, Homes in Kannapolis is here for you! Learn more about greater Charlotte Real Estate and Charlotte Suburbs and make your move. 2009 is going to be a great year!
Subscribe to:
Posts (Atom)