My New Blog

Many articles have been written recently about strategic foreclosure or sometimes called strategic default. Because of the drop in home values in many places throughout the country, homeowners are simply going to foreclosure because of the drop in property values. The homeowners CAN afford the mortgage payments but simply refuse to make the payments as a financial decision.

For example, a homeowner may have purchased a home in 2007 for $400,000 in south Florida. Today, the property may only be worth $185,000. The homeowner simply decides to stop making payments and leave the home. They believe that the value will never come back up to $400,000 so why keep paying for it.

Strategic foreclosure is a complicated issue with many ethical ramifications. In the Charlotte area, our property values have not dipped as significantly as other parts of the country. Therefore, strategic foreclosure is not much of an issue for the Charlotte real estate market. In fact, Forbes magazine recently said that Charlotte was the #2 place in the US to buy rather than rent.

As I’ve heard said from real agents in other markets like Charlotte that have remained much more stable: “We didn’t go to the wild party so we don’t have the hangover!”

John Green

The TRUE Value of Your Dollar by Nikki Calder

"A dollar saved is a quarter earned.”

Why pay for a builder’s inefficiencies and mortgage them for 30 years? There is a better, more efficient way to build a new home. True Homes' revolutionary building system creates a higher quality home at a lower cost. We like to think of it as a smarter way to build a new home – and think you will agree!

True Homes has quick-move-in- homes Available for you to take advantage of the tax credit. True Homes is an Energy Star rated with even MORE savings added to your home, you can save up to $92 month on your NEW HOME energy bills.

If you’re looking for a home from Statesville North Carolina to Rock Hill South Carolina or from Gaston County to Cabarrus County or anywhere in between you can easily contact me or Becky Radhuber to demonstrate your TRUE value proposal.

Please contact:

Nikki Calder

True Homes (704) 697-8990

ncalder@truehomesusa.com

www.truehomesusa.com

Charlotte Doing Well by John Green

I work with buyers from all of the country wanting to find a home in Charlotte North Carolina. Many are surprised about the positive state of the Charlotte area real estate market. They are surprised to see homes being built and construction going strong.

Buyers are also surprised that home prices have not plummeted like the cities they are coming from. Yes, home prices in the Charlotte area have dipped. Since the beginning of the year, the average single family home price is about $205,000. This is down from about $225,000 in 2008. This is a dip; not a dive.

Buyers can get great deals, but they have to be realistic. Charlotte is still doing well. The new Ally Bank is doing well. (I love their commercials – “Do you want a pony?”) Electrolux is relocating their headquarters to Charlotte and their employees are buying homes now.