Thursday, March 8, 2018

March 2018 Petit Home Team Newsletter

March 2018 Petit Home Team Newsletter
1. Petit Home Team NEWS
2. Charlotte St. Patrick’s Day Parade
3. Just Listed and Sold Properties

1. Petit Home Team NEWS
The Ides of March is a day on the Roman calendar that corresponds to March 15. It was marked by several religious observances and was notable for the Romans as a deadline for settling debts. In 44 BC, it became notorious as the date of the assassination of Julius Caesar. The death of Caesar made the Ides of March a turning point in Roman history, as one of the events that marked the transition from the historical periodknown as the Roman Republic to the Roman Empire.
Although March was the third month of the Julian calendar, in the oldest Roman calendar it was the first month of the year. The holidays observed by the Romans from the first of the month to the Ides often reflect their origin as new-year celebrations. March 15th is also Bob Petit, Angela Leighton and Ed Souza's birthday!
2.Charlotte St. Patrick’s Day Parade

The 2018 Charlotte St. Patrick’s Day Parade and Charlotte Goes Green Festival invites our sponsors, vendors, and you to participate in the Twenty-Second Annual St. Patrick’s Day Parade and Charlotte Goes Green Festival,which will take place on Saturday, March 17, 2018.
Thousands of spectators watched Charlotte’s Twenty-First Annual St. Patrick’s Day Parade as it marched through the heart of Charlotte to the sound of pipes and the cheers of the spectators lining the streets on a perfect day. The combination of flags, floats, kids, and pipe band music made everyone smile and be Irish for a day. The parade has grown to be one of Charlotte’s biggest and best.
The Twenty-Second Annual Parade promises to be another great one! The Charlotte Goes Green Festival was very well attended as capacity crowds enjoyed the beautiful afternoon weather as they listened to Irish music, watched performances by Irish dancers, played in the Celtic Kids Zone, had lots to eat and checked out the great Irish/Celtic vendors that attend the festival from around the U.S.
Parade: The Charlotte St. Patrick’s Day Parade is a non-profit event, open to the public. It is produced by the Charlotte St. Patrick’s Day Parade Foundation, Inc., a 501(c)3 non-profit organization.
The Parade is open to pipe & drum bands, musical groups, neighborhood associations, schools, alumni groups, cheerleading and drill teams, international organizations, police, fire, elected officials, commercial businesses, and anyone else who wants to be Irish for a day.
The parade will step off at 11:00 A.M. at N. Tryon St. and 9th Street in uptown Charlotte. It then marches south to 3rd Street where it takes a left and marches down 3rd St. to Caldwell. 
Check out the Map Page for the complete parade route. 
Festival: We expect that the 2018 Charlotte Goes Green Festival will be our best one yet. There will be something for everyone of all ages to enjoy. It’s the place to be after the parade.
The Festival is located on S. Tryon St. between 3rd St. & Stonewall St. The festival hours are 10:00 AM to 6:00 PM and features Irish music, Irish dancers, bagpipers, Irish/Celtic and other vendors, children’s amusements and plenty of food & beverages. There is no admission fee to attend.
3. Just Listed and Sold Properties

5717 Hammermill Drive, Harrisburg NC 28075
Under Contract in 3 days
You'll love this gorgeous 2-story home located in desirable Providence Manor subdivision in Harrisburg! This 4 bedroom, 2.5 bathrooms with 2 car garage gives you over 3300 sq ft of generous living space. Welcoming entry foyer leads you into large open floor plan with formal dining room and gas fireplace living room.Spacious kitchen features dining area, counter island and gas cook top stove.Second floor loft area adds extra TV/homework area.Entertainers delight in tree lined back yard patio with gas fire-pit and gas grill.This property is available to the buyer who acts NOW.... Stop reading and start calling!

514 Riviera Drive lot#150, Salisbury NC 28144
Under Contract
1.23 acre lot ready to build in The Crescent Grande neighborhood of Salisbury!! Sewer/water available on the street. Very large lot, fully cleared and ready to build your dream home. Surrounded by well cared for, brick homes. Golf Course views in this 53,579 Lot Sq foot lot to build your custom home. Bring your own builder to customize or ask us for more details.Make an offer!

8836 Crosstimbers Drive, Charlotte NC 28215
You'll love this gorgeous 2-story brick home located in desirable Farmwood North subdivision in Charlotte! This 3 bedroom, 2.5 bathrooms with 2 car garage gives you 2992 sq ft of generous living space. Welcoming entry foyer leads you into large open floor plan with hardwoods throughout. Formal dining room, living room and family room provide a spacious layout. Kitchen features granite counter tops with extra counter space.Second floor has 3 large bedrooms with hardwood floors and laundry room. Master bathroom has a spectacular tub/double sink/double closet set up.Tree lined back yard on .66 corner lot. Back patio off the kitchen is the perfect place for the grill!

522/526/530 Weaver Dairy Rd, Bessemer City

215/211 Eaker Rd, Bessemer City



Friday, February 2, 2018

February 2018 Petit Home Team Newsletter

February 2018 Petit Home Team Newsletter
1. Petit Home Team NEWS
2. Homeowner Tax Changes 
3. Listed & Sold Properties
4. Super Bowl Party

1. Petit Home Team NEWS

2.Homeowner Tax Changes

The new tax law that was signed into effect at the end of 2017 will affect all taxpayers. Homeowners should familiarize themselves with the areas that could affect them which may require some planning to maximize the benefits.

Some of the things that will affect most homeowners are the following:
  • Reduces the limit on deductible mortgage debt to $750,000 for loans made after 12/14/17. Existing loans of up to $1 million are grandfathered and are not subject to the new $750,000 cap.
  • Homeowners may refinance mortgage debts existing on 12/14/17 up to $1 million and still deduct the interest, so long as the new loan does not exceed the amount of the existing mortgage being refinanced.
  • Repeals the deduction for interest on home equity debt through 12/31/25 unless the proceeds are used to substantially improve the residence.
  • The standard deduction is now $12,000 for single individuals and $24,000 for joint returns. It is estimated that over 90% of taxpayers will elect to take the standard deduction.
  • Property taxes and other state and local taxes are limited to $10,000 as itemized deductions.
  • Moving expenses are repealed except for members of the Armed Forces.
  • Casualty losses are only allowed provided the loss is attributable to a presidential-declared disaster.
The capital gains exclusion applying to principal residences remains unchanged. Single taxpayers are entitled to $250,000 and married taxpayers filing jointly up to $500,000 of capital gain for homes that they owned and occupied as principal residences for two out of the previous five years.
Not addressed in the new tax law, the Mortgage Forgiveness Relief Act of 2007 expired on 12/31/16. This temporary law limited exclusion of income for discharged home mortgage debt for principal homeowners who went through foreclosure, short sale or other mortgage forgiveness. Debt forgiven is considered income and even though the taxpayer may not be obligated for the debt, they would have to recognize the forgiven debt as income.
These changes could affect a taxpayers’ position and should be discussed with their tax adviser.

3. Just Listed/Sold Properties

134 Pinecroft Ct, Troutman NC

Spectacular 3 bed/2.5 bath Ranch home nestled at the end of a quiet cul-de-sac street. Full brick veneer really make this well built home so desirable. Open floor plan features family room w/ gas fireplace, dining area, kitchen and laundry room. Master bedroom boast double sinks and walk in closet. French doors from family room open to screened in porch. New roof installed 6 months ago. Very large and private .56 acre corner lot, 2 car garage, storage shed and much more! Do not miss out....Call today!
4.Super Bowl Party

Super Bowl Drinks for Beer-Haters

Everyone loves an Arnold Palmer, the classic half-and-half combo of lemonade and sweet tea. Make it even more fun for the adults with a generous amount of your favorite bourbon. This recipe is great for parties because you can make it a day in advance. Follow the recipe as directed, omitting the ice and garnish. Store in the refrigerator in a pitcher. When you are ready to serve, stir in ice cubes and lemon slices.

If you’re looking for the best-ever margarita, put down the bottled mix and try this recipe. The secret ingredient is powdered sugar, which sweetens the drink and dissolves instantly. Serve it on the rocks or add ice and whiz the mixture in a blender to make a frozen margarita.

Looking for something a little lighter than a margarita? Try this tangy, fizzy cocktail made with fresh red grapefruit juice, your favorite citrus soda, tequila, and a jalapeno for a little bit of heat.




Friday, January 5, 2018

January 2018 Petit Home Team Newsletter

January 2018 Petit Home Team Newsletter
1. Petit Home Team NEWS
2. Winterizing Pipes
3. Listed & Sold Properties
4. NFL Playoff Bracket

1. Petit Home Team NEWS

Happy New Year! We would like to wish all of our past, current and family clients all the very best in 2018. We pray for God's grace over all of our lives so that He can bring us peace and joy. We look forward to helping many more people buy, sell or invest in Real Estate this year. We very much appreciate your business and referrals and will continue to treat our clients like family. Thank you for making Petit Home Team your preferred Real Estate Team in the Lake Norman/Charlotte areas!

2. Winterizing Pipes

As you ready your house for the cold days ahead, don’t forget about your water system. When water freezes, it expands. So if the temperature of your pipes drops below 32 degrees, even for a short period, you run the risk of a pipe fracture or worse. Take the following precautions now to avoid a major headache later.
Inside Your Home
Anywhere cold air blows on a pipe, it creates the potential for freezing. To make sure your pipes are well-insulated, close crawl space vents and stuff insulation over the openings. Even a tiny hole can let a lot of cold air blow in; make sure you fill in all the cracks.
A bathroom or laundry room located above or next to a garage can be particularly vulnerable, so keep the garage door closed to maintain maximum heat.
If your bathroom pipes run along an outside exterior wall, try keeping the vanity door(s) open to allow heat inside. If you’re anticipating a deep freeze, consider using a fan to help circulate the air near the pipes, or purchase a small space heater for some extra temporary heat.
Finally, never turn off the heat when you leave home during the winter. Instead, set the temperature to at least 55 degrees F (higher if you’ve had problems in the past or live in an area of extreme cold). If you have multiple heat zones, be sure to adjust all thermostats appropriately.
Outside Your Home
Disconnect and store garden hoses. If your home has a separate shut-off for external faucets, turn it off and drain the water from those faucets.
Turn off and drain sprinkler systems. You may want to call in a professional company to blow out any leftover water in the underground lines. A broken sprinkler pipe can do damage to the delicate components that make up the entire system, increasing the cost of repair.
Know where your main waterline shut-off is before problems arise. Depending on the age of your house, it can be inside a garage, basement or laundry room, or underground in your yard. After turning the water off, turn on faucets to allow the water to drain and release the pressure in your pipes.
Signs You Have Frozen Pipes
• You turn on the faucet but nothing comes out. Look in the most likely places and use the techniques listed above to gently thaw the area. Whatever you do, do not use a blowtorch to warm up a frozen pipe. Many homes have been set on fire this way.
• The water is turned off but you hear rushing water running anyway. This could be a sign that you have a leak somewhere. You should turn off the water lines immediately and investigate.
3. Listed & Sold Properties

123 Golden Oak Dr, Statesville
Spectacular full brick veneer home w/finished BASEMENT and over 4400 square feet of living space!Located in desirable Meadow Oaks neighborhood.Grand foyer entrance opens to family room with stone fireplace,formal dining room,kitchen and Master suite.Fully updated kitchen features Viking appliances,granite counter-tops w/tile back-splash and custom cabinets.First floor Master suite w/full bath.Sliders to back deck and patio overlooking fabulous landscaping on .70 acre lot. Two car garage!

478 Stonemarker Rd, Mooresville
Gorgeous WATERFRONT views of Lake Norman from this 1.21 acre lot. Guarded by a small cove which opens to main channel. Close proximity to Trump National. No HOA or CC&R's. Located on desirable Stonemarker Road in Mooresville. Call today!!

4. NFL Playoff Bracket

Get your popcorn ready! The  NFL playoffs are ready to begin this weekend. Good luck to the Panthers against the Saints! I predict a Super Bowl rematch- Patriots VS Panthers!



Tuesday, December 12, 2017

December 2017 Petit Home Team Newsletter

December 2017 Petit Home Team Newsletter
1. Petit Home Team NEWS
2.Mortgage Information for 2018
3. Just Listed & Sold Properties
4. Festive Holiday Drinks

1. Petit Home Team NEWS

It's the most wonderful time of the year....Wrestling Season! Coach Pepere and I are entering our 3rd year with the Mooresville Recreation Department. The opening tournament will begin this Saturday at Elkin High School. We have a total of 41 kids on the team with ages ranging from 5 to 13 years old. There is a mix of veteran wrestlers and beginners which really helps the younger guys to see what happens on the mat during live wrestling. Be on the lookout of the Mooresville Recreation t-shirts! Merry Christmas and Happy New Year from all of us at Petit Home Team.
Rob Petit, Bob Petit and Sarah Wojcio 

2. Mortgage Information for 2018

FHFA Announces Maximum Conforming Loan Limits for 2018

Fannie Mae and Freddie Mac Baseline Limit Will Increase to $453,100

The Federal Housing Finance Agency (FHFA) announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. 
Baseline limit
The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limit be adjusted each year for Fannie Mae and Freddie Mac to reflect the change in the average U.S. home price.  Earlier today, FHFA published its third quarter 2017 House Price Index (HPI) report, which includes estimates for the increase in the average U.S. home value over the last four quarters.  According to FHFA's seasonally adjusted, expanded-data HPI, house prices increased 6.8 percent, on average, between the third quarters of 2016 and 2017.  Therefore, the baseline maximum conforming loan limit in 2018 will increase by the same percentage. 
High-cost area limits
For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit the maximum loan limit will be higher than the baseline loan limit.  HERA establishes the maximum loan limit in those areas as a multiple of the area median home value, while setting a "ceiling" on that limit of 150 percent of the baseline loan limit.  Median home values generally increased in high-cost areas in 2017, driving up the maximum loan limits in many areas.  The new ceiling loan limit for one-unit properties in most high-cost areas will be $679,650 — or 150 percent of $453,100. 
Special statutory provisions establish different loan limit calculations for Alaska, Hawaii, Guam, and the U.S. Virgin Islands.  In these areas, the baseline loan limit will be $679,650 for one-unit properties, but loan limits may be higher in some specific locations.
As a result of generally rising home values, the increase in the baseline loan limit, and the increase in the ceiling loan limit, the maximum conforming loan limit will be higher in 2018 in all but 71 counties or county equivalents in the U.S.   
Questions about the 2018 conforming loan limits can be addressed to
  • For a list of the 2018 maximum loan limits for all counties and county-equivalent areas in the U.S. click here
  • For a map showing the 2018 maximum loan limits across the U.S. click here.  
  • For a detailed description of the methodology used to determine the maximum loan limits in accordance with HERA, click here.

3. Just Listed & Sold Properties

Just Listed!
109 Lucas LN, Statesville NC
Under Contract in 3 DAYS

406 Kickapoo Ave, Gastonia NC
Congrats to new homeowners Cathy and Jeremy Pace!

4616 Hovis Rd, Charlotte
2627 Westhampton Dr, Charlotte NC

4. Festive Holiday Drinks

Ginger Bell Cocktail 


  • 2 ounces bourbon
  • 2 springs of fresh mint
  • 1/2 lemon, cut into discs
  • 2-inch piece freshly-skinned ginger, cut into small pieces
  • 1 bottle ginger beer
  • ice
  • In a cocktail shaker, add the bourbon, mint, lemon and ginger. Firmly muddle until pieces break down (less than a minute). Add ice and shake vigorously for 30 seconds, then strain into coupe glasses. Top with ginger beer, and garnish with a couple cranberries.
Mix and enjoy!

Merry Christmas and 

Happy New Year!