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Charlotte Area Real Estate News. Homes for Sale
Charlotte rated #7 on America's Most Wired Cities

Reported by Forbes.com on Jan 10, 08

Charlotte NC rated No. 7

Overall 7
Broadband Adoption¹ 9
Access Options² 12
Wi-Fi Hotspots³ 13
Last year's spot on list10

Read more here

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

2 Story For Sale in Ballantyne


Great Ballantyne Location!

• 3,444 sq. ft., 4 bath, 5 bdrm 2 story - MLS® $429,000 USD

 -  Stunning,freshly painted 5 bdrm 4 bath home on large fenced lot backing up to woods. First floor guest room or home office. Formal living, dining and two story great room with gas f/p. Large master suite with jetted tub. Large screened porch, 'entertaining deck' with outdoor kitchen plus large storage building with concrete floor and electrical.Amazing value for the $$. Home warranty included.

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Uptown Charlotte Vacancy Rate is lowest!

Charlotte, N.C., midtown Manhattan, N.Y., and Boston had the lowest U.S. office vacancy rates in the fourth quarter, driven by demand from banks and insurance companies.

Charlotte's rate fell to 2.3 percent from 2.6 percent in the previous quarter, the lowest of any downtown for the fourth straight quarter.

Office occupancies in Charlotte, Manhattan and Boston have been helped by demand from business services and information-technology companies, along with a lack of major construction. It seems developers are very conservative on how much new space is brought onto the marketplace.

It's not yet clear how cutbacks in the banking industry resulting from the subprime-mortgage collapse will affect office use in Charlotte -- the headquarters of Bank of America Corp., the biggest U.S. bank by market value -- and Wachovia Corp., the third largest.

On a national basis, the overall office vacancy rate rose to 12.8 percent in the fourth quarter from 12.6 percent a year ago and in the third quarter.

Read more on Uptown Charlotte here

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Weddington Construction is on Hold!

Building Moratorium for Weddington

 

WEDDINGTON, N.C 01/15/2008. -- Town Council members agreed Monday night to a residential building moratorium of up to 18 months as Weddington and nearby municipalities in Union County create a transportation plan and work to relieve congestion.

 

Several residents and developers voiced their opposition, arguing that the moratorium isn't necessary and doesn't allow for property tax relief. But Weddington leaders said the time was right for smart growth.

 

New home construction could be put off for as many as 18 months under a building moratorium in Weddington. The mayor said that this is a chance to step back and figure out where are roads are going to connect from and what they're going to connect to.

Weddington leaders said the time was right for smart growth. New schools, public utilities and libraries will be exempt from the moratorium.

 

The North Carolina Department of Transportation estimates Highway 16, or Providence Road, to and from Weddington will have three times more traffic by 2030

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

2 Story For Sale in Baxter Village

fifth1
Front Porch Living in Baxter!

• 1,753 sq. ft., 2 bath, 3 bdrm 2 story - MLS® $275,000 USD

 -  Front porch living in Garden Village section of Baxter! Formal living, great room w gas fireplace, spacious kitchen w 42' maple cabinets, 2' blinds. Upgraded master bath w corner garden tub, separate shower & dual vanity, master bedroom w private front porch. Oversized detached 2-car garage with covered walkway. Private backyard w irrigation & trees in back.

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Prepping your Home before it's time to Sell

Are you thinking of selling your home in a few years? Maybe now's the time to get your home ready.

In most cases people have heard of readying one's house just before listing it for sale, keeping one's home maintained during your entire ownership is both a time saver and a money saver.

Some helpful Tips:

Don't let routine maintenance slide. You should repair leaky faucets and replace cracked window panes.

You like to create a "wow" feature to make your home stand out from the crowd, such as a large bank of windows to bring the light in, or detailed woodwork.

Keep consistent when it comes to quality; if you spring for top-of-the-line countertops but go cheap on the floors, buyers will be more apt to notice the poorer-quality flooring.

How 'Bad Neighbors' can bring down Prices

Having bad neighbors who are noisy and don't keep up their home's appearance is more than just a nuisance. They can bring down your property's value. I knew a Real Estate Agent who has her lost a listing (and a house didn't sell) because the residence across the street "was a complete wreck that needed paint and a whole lot of fixing up. The neighbors didn't respond to requests by the sellers or the township to repair the home!

What can you do if you think that a neighbor or his home is hurting your home's resale value? You can broach the subject with the neighbor or "report enforceable infractions" to local authorities. Condo owners can enlist the help of their condo association.

If worse comes to worse, you can tackle some of the problems yourself and in some cases, neighbors have been known to mow lawns and do fixes at abandoned homes in neighborhoods with foreclosures.

The last resort you may have to lower your home's listing price to account for the "negative externality" of your home.

  

More on www.AngiesWeb.com

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Model Home For Sale in Brandon Oaks

Front
Model Home! Upgrades Galore!

• 3,638 sq. ft., 3 bath, 4 bdrm 2 story - MLS® $410,000 USD - Like New!

 -  Model home!! This home has a HUGE kitchen w gourmet island, double oven, & cooktop. Dining room with tray ceiling, great room with coffered ceiling, study with built-in cabinets. Butler Station! Owner's suite with tray ceiling, sitting area, luxury bath with his/her closet, separate vanity, garden tub & shower. Professionally decorated. Oversized Bonus Room. Surround sound throughout! Window treatments, Washer, Dryer & Fridge remain. Irrigation in front and rear with exceptional landscape package! Too many things to list! Low Union County Taxes and great Schools! Community has tons of Amenities! Listing Agent is Owner.

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Home For Sale in Bridlestone near Ballantyne

Front
Great Location!

• 3,398 sq. ft., 2 bath, 5 bdrm 2 story - MLS®

 -  This SPACIOUS home near Ballantyne features an open kitchen w Corian countertops, 42' cherry cabinets, HW floors, island, smoothtop range. Owner's suite with tray clg & LARGE bath with separate vanities & closets. Bedroom 5/bonus is ENORMOUS & would make a great game/playroom. Office can be turned to 6th bedroom as it has a closet. Hall bath w dual vanity. Carpet is BRAND NEW. Storage galore. Must see.

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Townhome For Sale in South Charlotte (Area 5)

Front of home
Walk to Everything!

• 1,280 sq. ft., 2 bath, 3 bdrm 2 story "Townhome" - $95,000 USD - Best Price in area 5!

 -  Well kept Townhome in excellent Location. Short walk to Pineville Carolina Medical Center, Carolina Place Mall, Grocery Store, Starbucks, and Restaurants! No car necessary, Bus Stop is nearby. Enclosed Brick Patio. Location, Location Area 5! Corner 51 and 485. Remodeled in 2000. Broker Owned. Available after March 1, 2008.

Property information

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

When a Real Estate contract doesn’t seem right ...

If something about a real estate deal doesn't seem quite right, don't ignore your instincts.

The state Attorney General's office offers the following advice on avoiding real estate scams: • Beware of sales where you aren't asked to put any money, such as a down payment, into the deal or where you get money back at the closing. Also, beware of deals where you're asked to apply for a loan on behalf of someone else who couldn't qualify for credit.

• Walk away from deals where the seller encourages you to give inaccurate or incomplete credit information to a lender. Then notify law enforcement.

• If you're purchasing a building lot in a subdivision that will contain at least 100 lots when completed, be sure it is registered under the Interstate Land Sales Act and that the seller provides a copy of the required Property Report. Contact the U.S. Department of Housing and Urban Development (HUD) at www.hud.gov to see if a subdivision is registered.

• When closing on a real estate purchase, review the HUD-1 Closing Statement very carefully before signing. Your Real Estate Agent will also look at all the documents to be sure that all of the information is accurate. Don't be afraid to walk away from the deal if the information isn't accurate and the seller promises that problems can be taken care of after the closing.

• Beware of offers from companies that specialize in buying your home quickly. Many of these outfits advertise with promises like "we'll buy your home in days" or "sell your home without going through a Realtor." In many of these deals, the buyer puts the title to the property into a land trust and promises to lease the home and make the payments. But the seller doesn't pay off the mortgage and you're still responsible for making payments on it.

• If you're leasing a home with an option to purchase, find out who holds title to the home, whether there is a mortgage on the home, and who is responsible for making the mortgage payments. You need an Attorneys advise if you are planning on doing an option to purchase. He needs to draw up special papers which a Real Estate Agent is not permitted to do.

• Be skeptical of seminars that promise to teach you how to make money in real estate while spending little to none of your own money.

• To find out more or report a suspected scam, call the N.C. Attorney General's office at 877-5-NOSCAM.

For the S.C. Attorney General, call: 803-734-4200 or 800-922-1594 (toll-free within South Carolina.)

You should always do your homework

Real estate can be a productive part of an investment portfolio, but financial experts, planners and real estate developers say it's important for people to do their homework before they tie up any money. Here are a few basic tips:

• The value of your house probably will go up, but that doesn't make it a good investment. In fact, when you deduct taxes, maintenance, interest payments, remodeling and other costs, it probably loses money most years. But you have to live somewhere, so enjoy it.

• Make sure you review a market analysis by a Real Estate Professional or get a certified appraisal on the property you might buy.

• If you are buying only land that does not have access to a municipal water and sewer system, make sure the soil is suitable for a septic system. Local governments won't allow construction on lots that can't handle a septic system. You want to see the certificate.

• Deal directly with the lender. Land brokers are great for some services, but not for arranging your loans.

• Raw land is risky. A lot in the middle of a subdivision requires you do your homework. Buying several acres takes the game to a whole different level.

• Buy what you know. Throwing money at a hot property is asking for trouble.

• Don't invest money you need. If a deal promises easy money or no risk, it probably is too good to be true. Well-managed Real Estate can produce a nice stream of income, but it's going to cost some money to get in and it's not easily converted to cash without selling low.

 

Contact Angie Adams for Real Estate advise: www.AngiesWeb.com

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Possible Aldi Store in Fort Mill

Aldi is making plans to move into the area of Highway 160 in Fort Mill between Interstate 77 and Gold Hill Road, and if they do, there may not be a warm welcome from neighbors. Waterstone residents think there will be too much traffic. Other York county leaders don’t agree and believe it will be a good commercial tax base.  Aldi in my opinion is not a threat to other grocery stores nearby, it has a unique brand that is very familiar to Europeans, and most of the merchandise is not carried by Harris Teeter or Lowes Food etc. It reminds me more at a Trader Joe’s, just not at the same level. Although I would rather see a Trader Joe’s nearby. By the way, one of the Aldi brothers German billionaire Theodore Albrecht owns Trader Joe's: read here Theo Albrecht - Wikipedia, the free encyclopedia 

I agree with the York County council that there will be a lot less traffic, than having an apartment building with hundreds of residents living there.

If you have never been at Aldi’s, I encourage you to visit one (bring a shopping bag), and you very possibly will change your mind. It has good quality, healthy, and a unique variety of food. The veggies and fruit is mainly fresh. And the best of all, Aldi is very reasonable and they carry my favorite almond chocolate!

I appreciate your opinion!

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Charlotte's new light rail line's ridership exceeds forecast by 35%

Reported on 12/15/07. Less than two weeks after starting revenue service, Charlotte's new Lynx light rail transit (LRT) South line has exceeded its projected ridership target.

Charlotte Area Transit System (CATS) had originally forecast an average ridership of 9,100 weekday trips in the line's first year of operation. However, CATS said the average daily ridership in the first seven days of LRT service after the agency began charging fares was 12,300 (reported in the Charlotte Observer, 9 Dec. 2007). That figure is 35% over the forecast ridership level.

After a slow start, ridership began climbing. On the first day of revenue service (Monday, Nov. 26th) Lynx recorded 6,700 rider-trips. That climbed to just over 8,000 on Nov. 27th.

CATS chief executive Ron Tober told the Charlotte Observer that the high ridership for the first week was due to "more people than expected riding the train during off-peak times."

Another sign of ridership growth is the use of park & ride facilities. "Many park-and-ride lots still have few cars" note the Observer. "But at the line's southern end, at the Interstate 485/South Boulevard and Sharon Road West stations, the number of cars is increasing."

As the news article relates,

On the line's first day of paid service, the garage at the 1,120-space I-485/South Boulevard parking area had roughly 200 cars in it. That increased to about 450 cars by midweek, and Tober said he counted 600 cars at the garage early last week.

The parking deck appeared to be about 60 percent full Monday.

And, notes the paper, "Getting commuters out of their cars is a key goal for CATS. Not only are park-and-ride customers most likely new transit users, they usually take longer train trips - getting cars off the road and reducing pollution."

One problem that might have been constraining even greater public use of the new LRT service is "malfunctioning ticket kiosks" (ticket vending machines, commonly known as TVMs), which, says the Observer "are still bothering riders."

As a result, "Technicians from Atlanta-based ACS, the vendor, have been trying to correct glitches with the printers."

Despite such minor glitches public acceptance of the new rail service has generally been enthusiastic. A Nov 27th article in the Observer quoted the positive assessment of a number of new riders - even, in some cases, with longer trip times than by car!


by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Tega Cay is planning to expand Sunday alcohol sales

12/30/2007, TEGA CAY, SC - Tega Cay residents might not have to drive to Charlotte to buy beer on Sundays if voters approve a measure planned for the November ballot.

Tega Cay and Rock Hill allow bars and restaurants within city limits to sell alcohol by the drink seven days a week. Soon York County voters will get to decide whether to allow that in the rest of the county. At the same time, Tega Cay residents will be asked to consider whether to allow retail stores the right to sell alcohol to be consumed off premises. Right now Tega Cay stores can't sell alcohol on Sundays. The (golf course) clubhouse can, but no one else.  City leaders want to change that.

With the city's first commercial growth on its way in Stonecrest, tenants such as Wal-Mart and Petro Express would have an advantage over other retailers because the countywide referendum only deals with bars and restaurants.

That onsite and offsite consumption are two separate issues under state law -- and that the city only dealt with one of them years ago when Tega Cay became one of only a handful of S.C. cities to allow Sunday alcohol sales.

You can go to Harris Teeter on Highway 49 (in North Carolina) at noon on a Sunday, and about half of the people there are from Tega Cay buying a 24-pack. So, obviously, there is a demand for it!

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

Home Values are up in Charlotte!

Dec. 26, 2007 Along with Charlotte, Portland, Ore. and Seattle posted year-over-year home price appreciation in October, with Charlotte posting the largest gains at 4.3 percent, according to the Standard & Poor's/Case-Shiller home price index released Wednesday.

Among the three, only Charlotte is likely to be saved from declining house prices within the coming few months, because the area has not seen periods of rapid appreciation like the other markets. That is because we never jumped very high like other areas and we don't have a hard fall as other places.

The index found that nationwide, U.S. home prices fell in October for the 10th consecutive month, posting their biggest monthly decline since early 1991.

Leading the index lower was Miami, where prices fell 12.4 percent in October compared to the same month last year. That led it to surpass Tampa, Fla. as the worst-performing city. Tampa posted a year-over-year loss of 11.8 percent. Besides those two cities, Detroit, Las Vegas, Phoenix and San Diego also posted double-digit year-over-year declines. Atlanta and Dallas, which had previously posted price appreciation, fell in October. Prices fell 0.7 percent in Atlanta and 0.1 percent in Dallas compared to a year earlier

Monthly Housing Market Report: 1-year price change

RPX

 

 

S&P/Case-Shiller

Metro Area

Price per sq. ft.

% Change

Metro Area

% Change

Sacramento, CA

$190.44

-18.2%

N/A

N/A

St. Louis, MO

$90.60

-18.0%

N/A

N/A

Las Vegas, NV

$158.11

-14.0%

Las Vegas

-10.7%

Jacksonville, FL*

$118.19

-12.6%

N/A

N/A

San Diego, CA

$294.01

-12.2%

San Diego

-11.1%

Tampa, FL

$127.91

-9.5%

N/A

N/A

Miami, FL

$184.35

-9.2%

Miami

-12.4%

Atlanta, GA

$94.03

-7.9%

Atlanta

-0.7%

Chicago, lL

$169.82

-7.6%

Chicago

-3.2%

Phoenix, AZ

$144.36

-7.2%

Phoenix

-10.6%

Detroit, MI

$104.59

-6.8%

Detroit

-11.2%

Los Angeles, CA

$364.84

-6.8%

Los Angeles

-8.8%

Denver, CO

$139.97

-5.5%

Denver

-1.8%

Boston, MA

$220.86

-5.0%

Boston

-3.6%

Washington, DC

$229.11

-4.4%

Washington

-7.0%

Columbus, OH

$93.26

-3.0%

N/A

N/A

Cleveland, OH

$91.11

-2.2%

Cleveland

-4.5%

Minneapolis, MN

$153.53

-1.5%

N/A

N/A

San Jose, CA

$456.27

-1.2%

N/A

N/A

Philadelphia, PA

$149.83

-0.1%

N/A

N/A

San Francisco, CA

$436.83

0.6%

San Francisco

-6.2%

Milwaukee, WI

$110.56

0.9%

N/A

N/A

Seattle, WA

$221.56

1.2%

Seattle

3.3%

New York, NY

$289.84

2.7%

New York

-4.1%

Charlotte, NC

$97.32

4.6%

Charlotte

4.3%

*Year-over-year change may be exaggerated due to reporting delay.
Source: 28-day RPX Index value for each metro area as of Sept. 28, Radar Logic Inc.; Standard & Poor's/Case Shiller October data.

Angie Adams www.AngiesWeb.com

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)

New CMC medical offices At Gold Hill Road and I-77

Carolinas Healthcare System, parent company of the Charlotte-based Carolinas Medical Center hospitals, is erecting a 40,000-square-foot, two-story medical office building at the corner of Gold Hill Road and I-77.

Two years ago, CHS was one of four companies that submitted proposals for a new York County hospital based in Fort Mill to the S.C. Department of Health and Environmental Control. DHEC is responsible for issuing certificates of need for hospital projects. The agency chose Piedmont Medical Center for the Fort Mill hospital, but CHS and Presbyterian Hospital appealed the decision. The appeal is scheduled to be heard by the S.C. Administrative Law Court sometime next summer. Medical offices and urgent care centers do not require a certificate of need, but do require DHEC signing off on the project.

The new building on Gold Hill Road will house an urgent care center, an OB/Gyn practice, a family practice and cardiology services. The new urgent care center will bring basic medical services closer to the growing population in the northern part of the township, which has been one of the fastest growing areas of Fort Mill in recent years.

Piedmont Medical Center already operates an urgent care center on Sutton Road in Baxter.

The new medical office expected to open next winter, possibly as early as December 2008.

Also see Angie's website at www.AngiesWeb.com

 

by Angie Adams NC/SC REALTOR® Broker | (Comments Off)