July 2016 Petit Home Team Newsletter
1. Petit Home Team NEWS
2. Ten Things to know when buying a house
July 2016 Petit Home Team Newsletter
1. Petit Home Team NEWS
2. Ten Things to know when buying a house
3. Just Listed/Sold properties
4. Charlotte Was Ranked Third Best Real Estate Market In America
4. Charlotte Was Ranked Third Best Real Estate Market In America
1. Petit Home Team NEWS
Are you always in it, to win it? In baseball, a walk is as good as a hit, even though you are not credited with an at bat. A tie in hockey can still improve your place in the standings. A push in poker means you tie with another player and get to keep your money for that hand. All three situations you are competing to win, but a tie results in a positive outcome too. So are you always in it to win it? Or can you see past winning and losing.....
The real estate process can seem like a big game. Realtors are competing against each other to get listing appointments and listings. Sellers need to improve the curb appeal on their property because homes compete with other homes on the street. Buyers need to shop around the best mortgage rates in order to get into the best program that fits their needs. All of this happens before you even make an offer! You are not going to win them all, but we work with you so you can at least tie! It's a whole process that we guide you through in order to accomplish your goal.
Real Estate can be a very competitive game; working with the Petit Home Team gets you off the sidelines and into the game. We market your property so that the entire world can see it! We work with several lenders so that your mortgage program fits what you can afford. We deal with hundreds of buyers so that we can help them meet their goal – home ownership! Striving for Excellence!
2. Ten Things to know when buying a house
1. First things first, find a Realtor® with experience that can help you navigate the market. You may think that you can find your own listings and book showings with the seller’s real estate agent, but it is in your best interest to have a Realtor® who is working on your side alone without any conflict of interest or loyalty to the seller. Not only will it not cost you anything (the seller typically pays real estate agent fees upon closing), but you’ll know that all your bases are covered.
2. Get pre-approved for a home loan before you start looking. Many homes that go on the market will go quickly and you’ll want to put a bid in right away. Having a pre-approval will make your offer more appealing because the seller will be able to see that you are eligible for financing. Ask around for recommendations on a lender and meet with a few before deciding on one. Cover what their rates are and compare them against one another. Also beware of making any big purchases or racking up a lot of credit card debt as these things can cause your loan to be declined even after you’ve been pre-approved.
3. Don’t buy based on cosmetic appearance. Just like a granite countertop and new bathrooms can quickly reel in a buyer, pink tile in the kitchen and shag green carpet in the bathroom can be a turn off to many buyers. Don’t overlook the potential of a home based on the cosmetic appearance.
4. Get to know the neighborhood and the neighbors. Get to know the neighborhood, check out the school district, pay attention to the neighbors and the crime rate. Is there a dog next door that barks all day and night? Drive by the home you are looking at buying during different times of the day. Pay attention to the neighbors and the activity in the neighborhood. You can even go as far as talking to the neighbors and asking questions.
5. Beware of bidding wars and know your top number. It can be so easy to get caught up in a bidding war and before you know it you’ve over-extended yourself and your budget. A house is a long term investment and you don’t want to spend the next 15-30 years making payments that are outside of your budget. Just because the bank approves you for a certain number doesn’t mean that it’s a comfortable number for YOUR budget. Know your number and stick to it.
6. Be organized and ready for a boat load of paperwork. Realtor® will help you to navigate through the sea of paperwork and interpreting all of the legal forms.
7. Find a home inspector to inspect the home before you buy. You can hire an experienced home inspector. They can uncover major issues that could save you from big expenses down the road. It can also be useful in the negotiation process. If the home requires major repairs then you can negotiate a lower price on the home or ask the seller to pay for the repairs.
8. Think ahead: “longevity in home buying”. Even though you may not have kids yet, or a dog try to think ahead to 5 years down the road or 10 years down the road and envision how the house would function for you in those situations.
9. Secrets to look for in your home buying process: There are many costs associated with owning a home that you wouldn’t consider if you were renting. These include property taxes, repairs and maintenance, utilities, home owners association dues, upgrades and renovation costs, etc. Make sure you adequately budget for these costs and can afford the mortgage PLUS these costs comfortably.
10. Quench your emotions and go with your instinct and smarts instead. The moment you let your emotions get involved in the home buying process is the moment you will make a mistake. Try and remain objective and avoid falling in love with a place before you’ve carefully considered everything. From the structure of the home to your own budget, you need to keep emotions out of this deal and remain smart and objective.
3. Just Listed/Sold properties
3217 Roberta Farms Court SW, Concord NC 28027
$210,000
http://www.tourfactory.com/1589585
Do not miss this home! Spectacular 4 bed,2.5 bath colonial, located in desirable Roberta Farms subdivision! Property features include hard wood floors throughout first floor, completely upgraded granite kitchen with tile back splash and center island. Dining area with windows galore letting the sun inside leads to family room with wood fireplace. Master bedroom with vaulted ceilings and plenty of closet space. Nice fenced in yard with 2 car garage. Easy access to I-485, I-85 and Charlotte Motor Speedway.
110 Aberdeen Drive, Troutman NC 28166
$179,900
http://www.tourfactory.com/1592276
Fantastic 3 bed, 2 bath ranch style home located in Aberdeen Village! Exterior home is full brick veneer, with both front and back patios. Home features include hard wood floor entry foyer, open living room/dining room with vaulted ceilings. Kitchen and dining area lead out to back yard. Large master suite with private bath and closet.Two car garage! One level living at its finest! New homes are currently being built in this neighborhood. Call today for a private showing!
135 Mossy Pond Road, Statesville NC 28677
$162,990
SOLD
3108 Bridgewick Road, Waxhaw NC 28173
$2,200
RENTED
4. Charlotte Was Ranked Third Best Real Estate Market In America
1. Petit Home Team NEWS
Are you always in it, to win it? In baseball, a walk is as good as a hit, even though you are not credited with an at bat. A tie in hockey can still improve your place in the standings. A push in poker means you tie with another player and get to keep your money for that hand. All three situations you are competing to win, but a tie results in a positive outcome too. So are you always in it to win it? Or can you see past winning and losing.....
The real estate process can seem like a big game. Realtors are competing against each other to get listing appointments and listings. Sellers need to improve the curb appeal on their property because homes compete with other homes on the street. Buyers need to shop around the best mortgage rates in order to get into the best program that fits their needs. All of this happens before you even make an offer! You are not going to win them all, but we work with you so you can at least tie! It's a whole process that we guide you through in order to accomplish your goal.
Real Estate can be a very competitive game; working with the Petit Home Team gets you off the sidelines and into the game. We market your property so that the entire world can see it! We work with several lenders so that your mortgage program fits what you can afford. We deal with hundreds of buyers so that we can help them meet their goal – home ownership! Striving for Excellence!
2. Ten Things to know when buying a house
1. First things first, find a Realtor® with experience that can help you navigate the market. You may think that you can find your own listings and book showings with the seller’s real estate agent, but it is in your best interest to have a Realtor® who is working on your side alone without any conflict of interest or loyalty to the seller. Not only will it not cost you anything (the seller typically pays real estate agent fees upon closing), but you’ll know that all your bases are covered.
2. Get pre-approved for a home loan before you start looking. Many homes that go on the market will go quickly and you’ll want to put a bid in right away. Having a pre-approval will make your offer more appealing because the seller will be able to see that you are eligible for financing. Ask around for recommendations on a lender and meet with a few before deciding on one. Cover what their rates are and compare them against one another. Also beware of making any big purchases or racking up a lot of credit card debt as these things can cause your loan to be declined even after you’ve been pre-approved.
3. Don’t buy based on cosmetic appearance. Just like a granite countertop and new bathrooms can quickly reel in a buyer, pink tile in the kitchen and shag green carpet in the bathroom can be a turn off to many buyers. Don’t overlook the potential of a home based on the cosmetic appearance.
4. Get to know the neighborhood and the neighbors. Get to know the neighborhood, check out the school district, pay attention to the neighbors and the crime rate. Is there a dog next door that barks all day and night? Drive by the home you are looking at buying during different times of the day. Pay attention to the neighbors and the activity in the neighborhood. You can even go as far as talking to the neighbors and asking questions.
5. Beware of bidding wars and know your top number. It can be so easy to get caught up in a bidding war and before you know it you’ve over-extended yourself and your budget. A house is a long term investment and you don’t want to spend the next 15-30 years making payments that are outside of your budget. Just because the bank approves you for a certain number doesn’t mean that it’s a comfortable number for YOUR budget. Know your number and stick to it.
6. Be organized and ready for a boat load of paperwork. Realtor® will help you to navigate through the sea of paperwork and interpreting all of the legal forms.
7. Find a home inspector to inspect the home before you buy. You can hire an experienced home inspector. They can uncover major issues that could save you from big expenses down the road. It can also be useful in the negotiation process. If the home requires major repairs then you can negotiate a lower price on the home or ask the seller to pay for the repairs.
8. Think ahead: “longevity in home buying”. Even though you may not have kids yet, or a dog try to think ahead to 5 years down the road or 10 years down the road and envision how the house would function for you in those situations.
9. Secrets to look for in your home buying process: There are many costs associated with owning a home that you wouldn’t consider if you were renting. These include property taxes, repairs and maintenance, utilities, home owners association dues, upgrades and renovation costs, etc. Make sure you adequately budget for these costs and can afford the mortgage PLUS these costs comfortably.
10. Quench your emotions and go with your instinct and smarts instead. The moment you let your emotions get involved in the home buying process is the moment you will make a mistake. Try and remain objective and avoid falling in love with a place before you’ve carefully considered everything. From the structure of the home to your own budget, you need to keep emotions out of this deal and remain smart and objective.
3. Just Listed/Sold properties
3217 Roberta Farms Court SW, Concord NC 28027
$210,000
http://www.tourfactory.com/1589585
Do not miss this home! Spectacular 4 bed,2.5 bath colonial, located in desirable Roberta Farms subdivision! Property features include hard wood floors throughout first floor, completely upgraded granite kitchen with tile back splash and center island. Dining area with windows galore letting the sun inside leads to family room with wood fireplace. Master bedroom with vaulted ceilings and plenty of closet space. Nice fenced in yard with 2 car garage. Easy access to I-485, I-85 and Charlotte Motor Speedway.
110 Aberdeen Drive, Troutman NC 28166
$179,900
http://www.tourfactory.com/1592276
Fantastic 3 bed, 2 bath ranch style home located in Aberdeen Village! Exterior home is full brick veneer, with both front and back patios. Home features include hard wood floor entry foyer, open living room/dining room with vaulted ceilings. Kitchen and dining area lead out to back yard. Large master suite with private bath and closet.Two car garage! One level living at its finest! New homes are currently being built in this neighborhood. Call today for a private showing!
135 Mossy Pond Road, Statesville NC 28677
$162,990
SOLD
3108 Bridgewick Road, Waxhaw NC 28173
$2,200
RENTED
4. Charlotte Was Ranked Third Best Real Estate Market In America
According to a recent report by PwC and the Urban Land Institute, Charlotte officially now the third-most attractive real estate market in America:
Charlotte (3). The largest city in North Carolina continues to embody many of the components of an 18-hour city that the Emerging Trends in Real Estate 2015 report introduced. Good job and population growth along with the development of urban centers continues to make the market attractive to residents. Interviewees generally feel good about the Charlotte market, although some did express concern that the concentration of the financial services industry may not offer the same level of growth as other more technologyoriented markets. Housing is the sector that has the strongest 2016 outlook in the Charlotte market. This is similar to many of the fastergrowing affordable markets in the survey. Industrial, to serve the growing local economy, and hotels, to handle growing numbers of business and leisure travelers, are the two highest-rated commercial sectors. The local view of the Charlotte market is very strong, with the only sector not scoring in the good-to-excellent range being development opportunities.
Charlotte’s rapidly growing population, strong construction presence, and booming economy are the main factors that led to the ranking.
The Charlotte region is about to see some large scale development with the new $600 million Hard Rock Casino, $350 million film studio, and dozens of new high rises in Southend and Uptown.
Dallas ranked #1 and Austin #2, but the Queen City easily beat out its rival southern cities; including Atlanta (No. 5), Nashville (No. 7), and Raleigh (No. 11).
According to a recent report by PwC and the Urban Land Institute, Charlotte officially now the third-most attractive real estate market in America:
Charlotte (3). The largest city in North Carolina continues to embody many of the components of an 18-hour city that the Emerging Trends in Real Estate 2015 report introduced. Good job and population growth along with the development of urban centers continues to make the market attractive to residents. Interviewees generally feel good about the Charlotte market, although some did express concern that the concentration of the financial services industry may not offer the same level of growth as other more technologyoriented markets. Housing is the sector that has the strongest 2016 outlook in the Charlotte market. This is similar to many of the fastergrowing affordable markets in the survey. Industrial, to serve the growing local economy, and hotels, to handle growing numbers of business and leisure travelers, are the two highest-rated commercial sectors. The local view of the Charlotte market is very strong, with the only sector not scoring in the good-to-excellent range being development opportunities.
Charlotte’s rapidly growing population, strong construction presence, and booming economy are the main factors that led to the ranking.
The Charlotte region is about to see some large scale development with the new $600 million Hard Rock Casino, $350 million film studio, and dozens of new high rises in Southend and Uptown.
Dallas ranked #1 and Austin #2, but the Queen City easily beat out its rival southern cities; including Atlanta (No. 5), Nashville (No. 7), and Raleigh (No. 11).
