Tag Archives for " First Time Homebuyers "

June 23, 2015

Open House in Ballantyne Country Club!

open house ballantyne

OPEN HOUSE! No appointment needed, just stop by! The open house will take place this Sunday, June 28th from 1PM-3PM. The address is: 11506 James Jack Ln, Charlotte NC 28277. Come check out this BEAUTIFUL home in Ballantyne Country Club and see what it has to offer.

11506 James Jack Lane is a beautiful 3-story home located in Charlotte, N.C. Nestled in the Ballantyne Country Club subdivision, this executive home overlooks the 14th green and has newly refinished hardwoods in all of the formal entertaining rooms. The master suite is conveniently located on the first floor and is complete with a large sitting area and a fireplace.

11506 James Jack Lane, Charlotte NC 28277

11506 James Jack Lane, Charlotte NC 28277

The finished basement has been newly remodeled and offers additional entertaining space with a custom wet bar and a fully covered patio. Another master suite is located on this level as well, which is a plus for the homeowners and any guests they have.

       

James Jack Lane is listed at $1,025,000 and has 5 additional bedrooms, 5 full bathrooms and 2 half baths. This home is a must see! There will be an open house on Sunday, June 28th, 2015 from 1 p.m. – 3 p.m. If you have any additional questions, contact Showcase Realty at 704.997.3790.

March 27, 2015

April HUD Agent Training Workshop

HUD Agent Training Workshop

HUD Sales Training for Real Estate Agents

Tuesday, April 21, 2015 at 11:30AM – To RSVP go to https://aprilhud.eventbrite.com

Showcase Realty is offering a free HUD Sales Training workshop for Real Estate agents in the metro Charlotte area. The HUD workshop is designed to teach Brokers the secrets to closing more HUD transactions in 2015. Nancy Braun, Owner and Broker-in-Charge of Showcase Realty and Mike Maniace, Director of HUD & REO operations will conduct the 2-hour workshop.

Agents can expect to learn:

  • The selling process to better serve their buyers
  • How to navigate the HUDHomestore.com website
  • What is a HUD Home
  • How to search for properties
  • Important updates and changes to the program

Free lunch will be provided by Movement Mortgage, co-sponsor of the event. The HUD workshop is scheduled for Tuesday, April 21, 2015 at 11:30AM at Showcase Realty’s office, located at 1430 S. Mint Street in Historic South End. Seating is limited.

To RSVP go to https://aprilhud.eventbrite.com

Showcase Realty 1 Movement Mortgage

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March 18, 2015

HUD Home of the Week – 414 Leander

HUD Home of the Week

414 Leander Street is a very charming 1-story home in Shelby, North Carolina that is an incredible deal at only $66,800, more than 43,000 below tax value.

The home has a cozy front porch, is more than 18 hundred square feet and sits on a third of an acre with lots of mature trees. This is a 3-bedroom 2-bath home with many interior period details. It features hardwood floors, a fireplace and crown molding throughout. The home has an open kitchen, tons of natural light, a bonus room and an unfinished basement perfect for extra storage. It has easy access to HWY (74) and is close to dining and entertainment in Shelby.

For more information on how to purchase this HUD home contact Showcase Realty today at 704-997-3794 or visit our website at Showcaserealty.net

January 29, 2015

FHA to Reduce Annual Insurance Premiums

FHA lower mortgage

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS

Reduction to increase credit affordability and reflects improved economic health of FHA

FHA TO REDUCE ANNUAL INSURANCE PREMIUMS Reduction to increase credit affordability and reflects improved economic health of FHA WASHINGTON – As the nation’s housing market continues to improve, U.S. Housing and Urban Development Secretary Julián Castro today announced the Federal Housing Administration (FHA) will reduce the annual premiums new borrowers will pay by half of a percent. This action is projected to save more than two million FHA homeowners an average of $900 annually and spur 250,000 new homebuyers to purchase their first home over the next three years. Read FHA’s Mortgagee Letter.

Today’s action also reflects the improved economic health of FHA’s Mutual Mortgage Insurance Fund (MMIF). FHA’s recent annual report to Congress demonstrates the economic condition of the agency’s single-family insurance fund continues to improve, adding $21 billion in value over the past two years.

“This action will make homeownership more affordable for over two million Americans in the next three years,” said U.S. Department of Housing and Urban Development Secretary Julián Castro. “Since 2009, the Obama Administration has taken bold steps to reduce risks in the mortgage market and to protect consumers. These efforts have made it possible to take this prudent measure while also ensuring FHA remains on a positive financial trajectory. By bringing our premiums down, we’re helping folks lift themselves up so they can open new doors of opportunity and strengthen their financial futures.”

In the wake of the nation’s housing crisis, FHA increased its premium prices to stabilize the health of its MMI Fund. In addition, the Obama Administration took dramatic steps to safeguard consumers in the mortgage market to ensure responsible borrowers continued to have access to mortgage capital as many private lending sources tightened their lending standards.

Today’s reduction will significantly expand access to mortgage credit for these families and is expected to lower the cost of housing for the approximately 800,000 households who use FHA annually.

FHA’s new annual premium prices are expected to take effect towards the end of the month. Read FHA’s Mortgagee Letter.

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December 9, 2014

Rising Star Featured in Observer

Courtesy of the Charlotte Observer home|design
Saturday, December 6, 2014
Showcase Broker Julius Green Rising Star

 

JULIUS GREEN
BROKER, SHOWCASE REALTY
Julius@showcaserealty.net
//about.me/JuliusGreen

Julius Green, a Kansas City, Mo., native, studied business management at Longview community College, which led to a position as an assistant manager and a five-year partnership with a prominent Fortune 500 company. The role allowed him to expand his expertise in public service and eventually transition into a real estate career. As a dedicated real estate agent with showcase Realty, Green specializes in first-time homebuyers, investment properties, condominium sales and residential properties in the Charlotte market.

Green is a family man with a devotion to God, his beautiful wife and two children. He enjoys long walks in the park, reading and spending time with his family, and anything basketball-related: he’s a natural athlete and it’s one of his year-round passions.

“Very proud Julius was honored with this award. He is hard working, energetic, versatile and enjoys working in all price points and especially first-time home buyers. Slthough successful in a prior job, he made a career change due to his passion for real estate” – Nancy Braun, Owner Broker in charge, Showcase Realty

November 28, 2014

6 Advantages of Renting Versus Buying

Buying vs renting

The decision to rent or to buy is a common dilemma for most adults. But the current economic conditions place buyers in a more advantageous position than renters because it’s now actually less expensive (38% cheaper) to buy a home than it is to pay a landlord rent. If paying less for the place you call home is not enough to lead you down the path to home ownership, then we’re here to help you better understand with 6 advantages of  buying vs renting.

6 Advantages of Homeownership

#1 Equity Each payment you make towards the principal of your home loan every month increases your equity: the percentage of your home that you own. When you are renting you are actually paying off your landlord’s mortgage debt and increasing their equity in the house.

#2 Rent Goes Up No landlord reduced your rent, right? As a renter you are at the mercy of your landlord.  Rent typically goes up every year. However, mortgage payments can remain the same with a fixed rate loan.

#3 Tax Break When filing tax returns, you can claim mortgage interest as a deduction.   Rent payments are not deductible from income taxes.

#4 Your Personal Touch When you rent, you live in a space not designed for you and without your personal touch. You don’t have the opportunity to select paint colors, remove or add a wall or take any sweat equity with you. When you own your own home you can make improvements to your property based on what you want. You can paint walls any color you want, update the kitchen, and add those special touches to your house to make it feel like home. Renters don’t have any long term benefit from investing time, money or sweat equity into someone else’s property.

#5 Appreciation As a homeowner you typically can gain from the appreciation on your home. Repairs and upgrades (those personal touches) to your home (especially kitchen and bathroom renovations) tend to add value to your home. This is why homeownership is considered the best long-term investment any individual can make.

#6 Pride of Ownership There is a great deal of pride, comfort and stability in owning your own home. Homeownership gives you a joy and happiness that’s hard to describe. But some of the highlights of homeownership is having privacy, entertaining friends and family, having pets without paying a deposit, and the freedom start to your own garden, if you like.

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November 18, 2014

HowstheMarketTV.com – HUD Homes

Most Americans Still Find Homeownership Unaffordable

HUD Homes: The Biggest Deal You Don’t Know About

Buying a HUD home is certainly one of the best real estate deals available. HUD homes are actually properties owned by HUD, the Department of Housing and Urban Development. These are homes where the owner failed to pay an FHA backed loan and resulted in a foreclosure. These properties are now back on the market for sale, often at a great price.

However, before buying a HUD home here are three very important tips:

  1. Find an experienced Realtor. Purchasing HUD homes involves a lot of details; rules for investors vs home owners. When bidding on a HUD home homeowners that plan on occupying the home will have a slight advantage or real estate investors.  An experienced Realtor can guide you through the bidding process.
  1. Understand Your Financing Options. One of the most economical ways to purchase a HUD home is through the $100 down program. Conventional loans can also be used as well as 203-B programs or the 203k loans.
  1. Properties sold AS IS. Unlike typical homes for sale on the market where you may have the opportunity to negotiate for repairs cost. This is not the case with HUD homes. What you see is what you get. So do your homework, make a licensed contractor part of your team and make sure to get a honest estimate on repair costs. Some HUD homes only require minor cosmetic repairs. Other properties could have extensive and perhaps hidden repairs.

Watch the video           Listen to the Podcast

If you’re ready to buy a HUD Home give us a call at Showcase Realty 704-440-0007 and our team will be happy to assist you with your next home purchase. And remember, for every home bought or sold with Showcase Realty, we make a donation to the Boys & Girls Club of Greater Charlotte.

Just give me a call, Nancy Braun at Showcase Realty 704-440-0007

And for more valuable information like you’ve heard on today’s show go to HowstheMarketTV.com You can look at more videos, previous podcasts, and get valuable tips with our easy to download free reports about buying or selling a home. Just go to HowstheMarketTV.com and click free HUD Buyers Guide.

November 11, 2014

Changing Homebuyer Demographics and Their Effects On The Housing Market

Changing Homebuyer Demographics and Their Effects On The Housing Market

During the Realtor University Richard J. Rosenthal Center For Real Estate Studies Forum held recently, realtors from different parts of the country attended and gathered to talk about the effects of changing homebuyer demographics on the housing market.

“Among primary residence homebuyers, the demographics have shifted dramatically, especially among first-time homebuyers, whose share of the market has dropped to its lowest level in decades,” said to Jessica Lautz, director of member and consumer survey research for the National Association of Realtors.

“We have also seen an increase in the median age and income of the average buyer, as well ask multigenerational household formations as adult children and elderly family members move back in with their families,” she added.

One of the most popular topics discussed in the forum was adult millennials, individuals who are within 18 to 33 years old. This year, such age group experienced a 60 percent increase in job growth that the US overall with their unemployment rate falling by 6 percent. Such positive growth and the increase in economic opportunities should motivate the millennials to purchase homes in the succeeding years.

“Millennials are the largest generation of people in the U.S. and represent 60 percent of first-time homebuyers,” Chief Economist For Realtor Jonathan Smoke said. “They are also more likely than any other group to purchase a home in the next year.”

Economists saw that most of the buyers where kept out of the market due to drop in inventory, difficulty in getting credit and lower than average income. However, these are just temporary hindrances.

It’s not that young people don’t want to purchase homes, it’s that they are delayed the purchase,” Vice President of Research For the National Housing Conference Lisa Sturtevant said. “Many of the reasons millennials are not forming households or making purchases are economic, so as the economy improves, we should see this group become more of a force in the housing market.”

However, Smoke claims that its a misperception that millennials not still not in the market. “They represented 37 percent of home shoppers this summer, and over the next 5 years his generation will make up two-thirds of household formations, Smoke said. “Between June and September 2014, over half of adults aged 21-34 visited real estate websites or mobile apps. And this is the cusp – get ready for the millennials wave to drive the housing market for decades.”

But baby boomers will be competing with the millennials in the dominion of the housing market. “With millennials searching for new homes, baby boomers downsizing and groups with historically lower incomes all entering the market, an increased demand for smaller, less expensive homes will begin to merge,” Sturtevant said.

November 4, 2014

First-Time Homebuyers Decline In Number

First-Time Homebuyers Decline In Number

The National Association of Realtors recently conducted an annual survey and the housing trend shows that today, first-time homebuyers only account one third of all purchases, which is the lowest percentage since 1987. The survey involved asking random people who have bought a home from July 2013 to June 2014.

According to Lawrence Yun, NAR Chief Economist, it hasn’t anymore as easy as it used to be for the young group to buy a home. “Rising rents and repaying student loan debt makes saving for a down payment more difficult, especially for young adults who’ve experienced limited job prospects and flat wage growth since entering the work force,” Yun said. “Adding more bumps in the road is that those finally in a position to buy have had to overcome low inventory levels in their price range, competition from investors, tight credit conditions and high mortgage insurance premiums.”

As the job market improves, salary should also increase however, first-time homebuyers find it difficult to get a mortgage than what they actually expected.

“Less stringent credit standards and mortgage insurance premiums commensurate with current buyer risk profiles are needed to boost first-time buyer participation, especially with interest rates likely rising in upcoming years,” Yun added.

First-time homebuyers’ median age was 32 with a median income of $68,300. They typically buy a 1,570-square-feet property sold for $169,000. On the other hand, a second-time homebuyer or a repeat buyer was 53 years old with a salary of $95,000. Eventually, these buyers bought bigger and more expensive properties.

As for home sellers, the current median age is now 54 from 46 years old in 2009. Plus, they live in their house for an average of one decade.

“Faster price appreciation this past year finally allowed more previously stuck homeowners with little or no equity the ability to sell after waiting the last few years,” Yun said.

If the number of first-time homebuyers continues to drop, a lot of the current homeowners might find it difficult to move into bigger and more expensive homes, as selling their current property will be tough.