Tag Archives for " Homebuyer "

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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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 2, 2014

Secrets To A Successful House Move

Secrets To A Successful House Move

Are you among those individuals who recently purchased a home? Then probably one of your next moves will be packing up your things. For first-timers, this can be an arduous process therefore; we have prepared for you some secrets to help make your household move a lot easier and smoother.

Write everything down. Before you start packing even one box, you should make a simple list either through a computer-printed list of numbers with a space where you can write the contents or using a notebook. This is where you’ll write the box number and the contents for each box. Just remember, to be specific when describing the box contents to make unpacking a lot easier for you.

Use color coordination. Aside from the above-mentioned technique, you should also designate a color for each room or area in your new home. In this way, the movers or you can easily determine where to put the box once you’re in your new home.

Get rid of unnecessary belongings. There’s no sense in packing and moving things that you don’t need or use anymore. Therefore, days or weeks before your planned move, look for such items and discard them, either through selling them through a yard sale or giving it your other family or friends.

Get in touch with the utility companies. Phone, cable, Internet companies, etc. should be informed a few days before your planned move since they need enough time to set-up everything in your new home. Don’t forget to contact other companies regarding the change in your address.

Pack ahead of time especially essential items. Anything you pack ahead of time will certainly save you a lot of time on the day of the move. Furthermore, you should pack in advance a few necessary items that can help you get through the first few days especially if your mover is late. This includes some clothes, dishes, utensils, toiletries and medications.

Bring important papers with you. As much as possible, keep your important papers with you too. This includes birth certificates, marriage contract, school records, important contact numbers, bank records, current bills and the like.

Make use of your luggage. You can use your luggage and duffle bags in packing your clothes, bed sheets, towels, and other paper goods so you don’t have to spend a lot on boxes.

December 2, 2014

5 Ways To Avoid Experiencing Homebuyer’s Remorse

5 Ways To Avoid Experiencing Homebuyer's Remorse

You’ve just bought your house and your family and friends are celebrating with you. But deep inside, you feel uneasy. You feel that you’ve shouldn’t have bought that home for some reason. This nagging feeling is what you call as the homebuyer’s remorse.

According to experts, such feeling is uncommon since only 5% to 10% of the homebuyers experience such regret. Therefore, to help you feel confidence in your home purchase; we have prepared some tips on how you can avoid feeling homebuyer’s remorse.

  1. View the home you want to purchase more than once. Regardless of how you think you love the home you’re about to purchase, if you’ve only seen it once, then there’s a higher chance that you can experience buyer’s remorse. Therefore, view the home during different time in different days as you can eventually see the home in a different perspective the second time around.
  1. Tour every part of the home. Although you might have done a quick tour of the house and you know the floor plan, condition and size, this is not enough. You have to dig deeper like walking at the back of the home to see how it looks at the end of the lot or trying to fit your car in the garage.
  1. Request for a private home tour. Joining an open house is one of the first steps to finding a home you want to purchase. However, if you’re serious about buying the house, its best that you tour the home privately. In this way, you can have the full attention of the listing agent and you can ask questions that you don’t want everyone to hear.
  1. Make a list of your wants and needs. Before purchasing a home, you need to have a list of your wants and needs. Then once you look into different homes, check if most of your wants and needs are present in the house you want. Analyzing such facts can help sort your feelings before making the final offer.
  1. Think realistically about the true cost of homeownership. Sometimes, homebuyers feel remorse a few weeks or months after the purchase because it is when they realized the costs of living in such property. Therefore, to avoid this from happening, you have to understand the true cost of homeownership so you know what to expect once you sign the deal. This includes knowing the costs of mortgages and your monthly utility bills.

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November 30, 2014

Hidden Costs in Home Selling

Hidden Costs in Home Selling

We commonly heard stories about “homebuyer’s remorse,” but do you know that there’s also a “seller’s remorse?” This happens whenever a seller regrets selling his home for such amount when it can actually be sold for a higher price. Such incident occurs because some home sellers aren’t aware that there are hidden costs that are deducted from the contract sales price. You don’t want this to happen to you right? So better educate yourself about the hidden costs of selling your home.

Closing costs. If you agreed to pay for the closing costs on behalf of the buyer, then you need to put a limit on the amount you want to be charged. Because if not, it’ll be like a blank check allowing the lender to charge fees they usually waive once the buyer commits to paying the closing costs.

Commissions. If you’ve hired the professional services of real estate agents, you should expect to pay them at the end of the home selling process. As what the law states, the commission of an agent can range from 3% to 6% of the contract sales price but you can negotiate to get a lower rate if the agent allows you too. Just be sure to review their commission on the closing statement if there are any errors.

Deed or Recording Fees. A deed is a legal document that transfers title to a piece of property, which are written lawyers contracted by the title company. As a seller, you will need to pay for the preparation of the deed, which has to be recorded with the county property records to formalize the transfer. The county will charge fees to record the document and the home seller has to pay for this.

Mortgage balance. This shouldn’t surprise you because if you plan to sell your home, then you have to pay off your mortgage balance. Any remaining balance on your mortgage will be deducted from your sales price.

Notary and Document Preparation Fees. The escrow company charges fees to prepare the necessary closing documents. Therefore, before you do this, call a few escrow companies to ensure that they’re competitive with other similar companies in the area.

Tax Certificate or Prorated Taxes. Aside from the mortgage balance, a home seller has to pay the outstanding property taxes owed on the property. In most states, the owners usually pay their property taxes in arrears wherein taxes are paid for the preceding year. At the same time, the seller will need to pay for the prorated, estimated taxes for the property before selling it.

Title Insurance. If you bought or refinanced your house within the last 24 months, you will usually qualify for a discount on your title insurance premium. However, if you’re charged with the full premium, be sure to ask for a re-issue rate.

Transfer fees. In most states and local municipalities, transfer fees will be charged once a home is sold. Therefore, you have to know whether there’s a transfer fee in your area and the amount that will be charged and how it was computed.

Remember that once you arrive at the closing, you need to carry with you your estimated closing statement and comparing it with the actual one. In this way, if there are any discrepancies, you can still get a chance to save a few dollars by simply asking a few questions.

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