Tag Archives for " Real Estate Investing Charlotte "

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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February 12, 2015

Showcase Realty Announces Promotion and New Talent

Showcase Realty is pleased to announce the promotion of Mike Maniace to Director of HUD and REO Operations, as well as welcoming new hires, Sally Taylor and Stephanie Earl. Showcase is delighted to be a part of their professional goals and achievements and excited to see the company expand as well.

Mike Maniace to Director of HUD and REO Operations

Mike Maniace to Director of HUD and REO Operations

Mike Maniace started as an agent at Showcase Realty in 2009 and was soon promoted to Director of HUD. Under Mike’s leadership Showcase surpassed $12M in HUD home sales in 2014. He excelled in his position and streamlined this division of Showcase Realty. Nancy Braun, owner and Broker-in-Charge of Showcase Realty named Mike Director of HUD and REO Operations in January 2015. Mike now heads up one of the top HUD & REO real estate offices in the Carolinas. He handles every aspect of HUD & REO transactions from cradle to closing.

Nancy Braun describes Mike Maniace as an exceptional person who expanded his role at Showcase Realty and improved his division’s operational system with his great customer service. “Mike’s managerial skills helped to streamline our HUD division and we are thrilled to have him do the same for our REO division,” says Braun.

Mike hails from upstate New York and has been a real estate agent for 8-years. He earned an Associate’s degree in Environmental Science from Genesee Community College in Batavia, NY. Mike began his professional career as a manager for Enterprise Rental Cars. He relocated to Charlotte in 1999 and became Real Estate Agent at Keller Williams before joining Showcase Realty. Mike finds the most joy in real estate in the customer service interactions. He loves being a part of the first-time home buyer experience and also seeing clients move up from their first home into their dream home. Mike is a licensed broker in North and South Carolina and a member of the National Association of Realtors, the Charlotte Regional Realtor Association and the North Carolina Real Estate Commission.

Stephanie Earl Real Estate Admin

Stephanie Earl Real Estate Admin

Showcase Realty also welcomes new hires Stephanie Earl and Sally Taylor. Team player, Stephanie Earl joined Showcase with a laser focused mission to provide our client’s with stellar service. After graduating from East Carolina University, she returned to Charlotte and obtained her NC Broker license. Stephanie’s focus will be on Nancy Braun’s retail listings for current and prospective personal clients. Stephanie looks forward to growing at Showcase and using her exceptional communication skills and leadership personality.

Sally Taylor HUD Accounts Specialist

Nancy also welcomes Sally Taylor to the Showcase team. Sally joins Showcase as a HUD Accounts Specialist, working with Director of HUD and REO Operations, Mike Maniace. Prior to her position at Showcase, she was a Foreclosure Specialist and then was promoted to Foreclosure Supervisor at RoundPoint Mortgage Servicing Corporation in Charlotte. Sally is sharp real estate professional eager for the growth potential available at Showcase.

Showcase Realty is an innovative boutique Charlotte real estate firm located at 1430 S. Mint St. in the Historic South End district.  Owner and Broker in Charge Nancy Braun founded Showcase Realty in 2008 on the principles of innovation, teamwork, and community mindfulness. Committed to selling homes and surpassing customers’ expectations, Showcase provides professional service, personally delivered. For more information visit www.showcaserealty.net.

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January 15, 2015

Charlotte homes see drop in negative equity

Charlotte NC equity drop

Charlotte homes see drop in negative equity

Courtesy of the Mecklenburg TIMES

By: Roberta Fuchs January 13, 2015

The number of the Charlotte area’s mortgaged homes with negative equity fell to 6.8 percent in the third quarter of 2014 from 8.4 percent in third quarter 2013, according to CoreLogic.

 

The third-quarter 2014 figure rose slightly, however, from the second quarter of 2014, when 6.7 percent, or 31,652, of the homes in the Charlotte-Gastonia-Concord metropolitan statistical area carried negative equity. In the third quarter, that figure was 32,244 homes.

 

Negative equity means that borrowers owe more on their mortgages than their homes are worth. The situation can occur because of a decline in real estate value, an increase in mortgage debt, or a combination of both.

 

The CoreLogic report found that an additional 3 percent of area homeowners with a mortgage in the third quarter had near-negative equity, or less than 5 percent equity in their homes. The number of Charlotte area homes in near-negative equity decreased from the previous year, when 4.1 percent of homeowners with a mortgage had less than 5 percent equity in their properties.

 

The number of mortgages that were near negative equity in the second quarter of 2014 was 2.9 percent.

 

John Chesser, senior analyst at UNC Charlotte Urban Institute, says he believes the year-over-year decline in negative and near-negative equity reflects the steady recovery in the overall housing market, and strong growth in the local employment rate, which has boosted Charlotte-area home sales.

 

“The rise in negative equity during the recession was a natural consequence of the rapid drop in home values,” Chesser said. “Now, lending is tighter, so new home purchases result in a more solid equity position for purchasers and the overall rise in prices is helping reduce the negative equity situation that existing owners have been in over the last few years.”

 

Nancy Braun Showcase Realty
Nancy Braun
, owner and broker-in-charge of Showcase Realty in Charlotte’s South End, agrees. She attributes the drop in negative equity to a strong appreciation in housing prices, which is a reflection of the local economy.

 

“Plus,” she said, “We still have investors purchasing in the Charlotte-area market, which has bumped up prices as well. Low inventory is also boosting higher offers.”

Continue reading at The Mecklenburg TIMES

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December 2, 2014

Showcase Realty among ICIC and FORTUNE’s Inner City 100 winners

Inner City 100The Initiative for a Competitive Inner City (ICIC) and FORTUNE announced that Showcase Realty, owned by Broker in Charge Nancy Braun, was selected for the 2014 Inner City 100, a list of the fastest-growing inner city businesses in the U.S.

Showcase Realty ranked 9th in the professional services industry category and 57th overall on the list of 100. The Inner City 100 program recognizes successful inner city businesses and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities. Showcase Realty, an innovative boutique real estate firm in Charlotte’s Historic South End district located, reported 2013 revenues of $1.5 million and a gross growth rate of 219.5 percent from 2009-2013.

“We congratulate Nancy Braun on her accomplishments and impact in Charlotte while growing Showcase Realty,” said Mayor Dan Clodfelter. “Showcase has been recognized several times as a thriving business with a dynamic owner. Her success demonstrates the countless opportunities available to entrepreneurs in our city.”

Charlotte Mayor Clodfelter

Charlotte Mayor Clodfelter

“It’s an honor to represent Charlotte and the state of North Carolina with this prestigious award, says Braun, whose firm is among a very elite group of companies with the announcement of its ranking of 46th in HousingWire’s Fast50TM. We definitely want to be an example of how a HUB Zone located company can succeed and hopefully inspire other entrepreneurs to start or relocate their businesses in transitioning neighborhoods.”

Nancy Braun Showcase Realty

Nancy Braun Showcase Realty

Braun started Showcase Realty, LLC, in 2008 after working with a large Charlotte real estate office for 12 years. She opened Showcase Realty with one full-time assistant and a part-time bookkeeper with the goal of designing a new model for buying and selling real estate. Braun’s innovative structure maximizes Internet marketing, computer technology, and training to create an ultimate service experience.

Today, Showcase Realty sells more than one home every 16 hours, for a total of 527 properties in 2013. This is nearly a 16% increase from 2012 when 455 homes were sold. Braun is on a mission to help people become home owners & neighborhood revitalization. What’s more impressive than the increase in volume is Showcase Realty’s increase in workforce. 12 months ago, Showcase Realty employed only 19 people, and today, it employs (employees and independent contractors combined) 42. This is a staggering 221% increase in workforce that shows no signs of stopping. Now with offices in Charlotte and Gastonia, Showcase Realty has expanded to more than 40 employees and independent contractors and hundreds of properties.

“Nancy Braun and Showcase Realty have done a remarkable job in the South End area proving that Charlotte and North Carolina are great for starting a business,” says North Carolina Governor Pat McCrory. We commend Nancy and her team for the local and national recognition they have earned.”

This year, for the first time in the ICIC list’s 16-year history, the Inner City 100 consists of 10 fast-growing businesses from 10 industry categories. The 10 industry categories are: Construction; Manufacturing; Professional Services; Food and Beverage; Retail; Media and Communications; Software and Information Technology; Transportation and Logistics; Healthcare and Biotechnology; and Arts, Entertainment, and Recreation. Applicants ranked according to revenue growth against their industry peers, as well as overall.

The full list of winners can be viewed at Fortune.com

NC Governor Pat McCrory

NC Governor Pat McCrory

The rankings for each company were announced at the Inner City 100 Awards on Thursday, October 16, 2014 in Boston, Massachusetts. Preceding the Awards celebration, winners attended a two-day small business Symposium designed exclusively for urban firms featuring business management case studies presented by Harvard Business School professors and peer-to-peer learning sessions led by CEOs of fast-growing firms. Keynote speakers included Harvard Business School Professor and ICIC Founder and Chairman, Michael E. Porter; Honest Tea Founder and CEO, Seth Goldman; Rapid7 President and CEO, Corey Thomas; Communispace Chairman, Diane Hessan; and Launch Co-Founder and CEO, Ben Fischman.

The Inner City 100 list provides unmatched original data on the fastest-growing inner city businesses in the U.S. In the last 16 years, 805 unique companies have earned positions on the Inner City 100 list, representing 183 cities and 41 states. Chevron Corporation and Staples, Inc. are long-time sponsors of ICIC and the program.

The 2014 Inner City 100 winners represent a wide span of geography, hailing from 53 cities and 23 states. The winners grew at an average compound annual growth rate of 39 percent and an average gross growth rate of 336 percent between 2009 and 2013. Collectively, the top 100 inner city businesses employ 8,276 people and have created 5,119 new jobs between 2009 and 2013. Not only are the winners powerful job creators in their communities, they also help develop their employees – 73% provide business skills training and 69% provide professional development training to all full-time employees.

Highlights of the 2014 Inner City 100 include:

  • Employ 8,276 workers (approximately 35% are inner city residents).
  • Created 5,119 new jobs in the last five years.
  • 25% have woman CEOs. Nationally, only 10% of companies with over $1 million in annual revenues are woman-owned.
  • 35% have a minority CEO. Nationally, only 21% of all companies are headed by minorities.
  • Average company age is 17 years.
  • 39% average compound annual growth rate.
  • Companies generated $42.2 million in 2013 revenues on average and $4.2 billion in the aggregate.

Showcase Realty

To qualify for the Inner City 100 list, companies are required to be an independent, for-profit corporation, partnership or proprietorship that is not a public company, bank, or a holding company; headquartered in an economically distressed urban area; have at least 10 full-time employees; and a five-year operating sales history that includes at least $200,000 in revenues in the first year of consideration, an increase in year five sales over year four sales, and fifth-year sales of at least $1 million. For the 2014 list, ICIC looked at total revenue growth from 2009 to 2013 and the specific rankings were based on these growth rates. ICIC defines an inner city as an economically distressed urban area that has a poverty rate of 20% or higher, excluding currently enrolled undergraduate and graduate students; or a poverty rate of 1.5 times or more than that of the metropolitan statistical area (MSA) and a median household income of 50% or less than that of the MSA an or an unemployment rate of 1.5 times or more than that of the MSA.

Showcase Realty has grown in many tangible aspects such as revenue, work force, and number of transactions. However it has grown in the community as well. Nancy Braun has always had a special place in her heart for kids. She is a mother of two and knew early on that her drive and passion for business needed to also be balanced with a significant presence in the community.

In 2010, Showcase partnered with REO4Kids and through Nancy’s intense collective effort REO4kids has raised more than $1,000,000 for the Boys and Girls Clubs and other children organizations. Braun is dedicated to children in the community and was inspired in 2011 to take on the active role as the Chairperson of the Resource Development/Executive committee and the Advisory Board for the Boys & Girls Club of Greater Charlotte. Showcase Realty’s continued support of the Boys & Girls Club of Greater Charlotte is exemplified by its role as the 2013 Corporate Title Sponsor of the Fun Fest at Blakeney Annual Golf Tournament which help raised funds for the nonprofit. Braun is more than a supporter of the Boys and Girls Club of Greater Charlotte she is committed to its mission: “To enable all young people, especially those who need us most, to reach their full potential as productive, caring, responsible citizens.”

Initiative for a Competitive Inner City (ICIC)

ICIC is a national nonprofit founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC’s mission is to promote economic prosperity in America’s inner cities through private sector investment that leads to jobs, income and wealth creation for local residents. Through its research on inner city economies, ICIC provides businesses, governments and investors with the most comprehensive and actionable information in the field about urban market opportunities. The organization supports urban businesses through the Inner City 100, Inner City Capital Connections and the Goldman Sachs 10,000 Small Businesses programs. Learn more at www.icic.org or @icicorg.

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November 12, 2014

Trulia’s Top 10 Agents You Love to Hate

Trulia Top 10 Agents You Love to Hate

10. The agent who’s dangerously walking that “ethical” line.
9. The agent that doesn’t anticipate potential problems.
8. The agent that tries to be a big bully.
7. The agent who doesn’t focus on the details.
6. The agent that quotes crazy high prices to win a listing.
5. The agent that avoids (okay, ignores) every call and email.
4. The agent that forgets everything and anything.
3. The agent that always over promises and under delivers.
2. The agent that misses all of the contract deadlines. And doesn’t know it.
1. The agent that could use a little more training.

Click here to read more

Charlotte, The New Atlanta

Charlotte The New Atlanta

Last week The Huffington Post released an article listing “America’s Top 5 Cities To Keep On Your Radar,” with Charlotte coming in at number 3 on the list of cities. Charlotte, dubbed the new Atlanta by the author states that Charlotte is quickly catching up to one of the largest major southern cities. The article portrays Charlotte in a great light saying, “With the addition of the new BB&T Ballpark, a buzzing nightlife scene geared toward professional singles AND the return of the original Hornets team name, Charlotte is lookin’ good.” We at Showcase would have loved to see something about our thriving real estate market and our Carolina Panthers but we will accept the number three spot on the list!

Kansas City came out on top of the list recognizing their jazz, barbecue, and their affordable prices around the city. The south was also represented with Richmond in the second spot and San Diego and Minneapolis rounding out the rest of the list.

 

September 23, 2014

‘Money’ Magazines Best Big-City Bargains

Number 1 best place to live in America

With its annual list of “Best Places to Live in America” Money magazine lists Charlotte as its number 1 in the “big-city bargains” category. This list is was created by ranking cities with over 500,000 residents on housing affordability, economic strength, upcoming forecasts of home prices, and livability. Highlighted in the article were two well known neighborhoods in the Charlotte area, Plaza-Midwood and Mountain Island Lake. With these neighborhoods boasting easy access to the center city, Money, paints a picture of the neighborhoods in a great way.

“Just 10 minutes by car from the center of Charlotte, this artsy, bike-friendly neighborhood is an interesting mix of the gritty and the pretty: You’ll see tattoo parlors alongside antiques shops and beautiful historic architecture.” The magazine explains that Plaza-Midwood offers, “a year-round calendar of public events, including concerts, road races, and a candlelight house tour.”

The second community highlighted in the list is located 20 minutes northwest of center city Charlotte, Mountain Island Lake is “rated one of the most family-friendly neighborhoods in the state by real estate data firm NeighborhoodScout.” Rivaling Charlottes well known Ballantyne neighborhood, this up and coming neighborhood is being marketed as “a thrifty alternative” with many outdoor activities.

North Carolina represented well in the many lists with Cary ranking number 19 on the overall list of best places to live and Chapel Hill making number 36. Cary was also highlighted number 9 among the best places to find a job in the United States.

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September 10, 2014

4 Important Steps To Fix & Flip Success

4 Important Steps To Fix & Flip Success

4 Important Steps To Fix & Flip Success

Fixing and flipping real estate has become more and more popular. There are tons of Reality TV shows hyping the drama of flipping mistakes, contractors and unforeseen real estate nightmares.

Not to fear, tune into to this podcast of “How’s the Market: Real Estate. Real Answers” with Nancy Braun, host and owner of Showcase Realty along with by Wes Pruitt with Reliance First Capital and contractor Jim Potter with Old Towne Development Corporation to talk about the four important steps to fix and flip success.

Highlights:

Fix and flip means to me investing in real estate instead of investing in the stock market or your IRA, or other 401K plans. Take some of that money and diversify it and put it into dirt and some, not just land but also you know, some construction whether it’s commercial or residential. – Nancy Braun

When you take a house and turn it into a gym, and you remember you took pictures, you remember what it used to look like and you see it now, and it’s just a, you know, makes for a real satisfying endeavor. – Jim Potter

Conventional loans, Fannie Mae also has several programs available for first time homeowners as well as investors. For home improvements on properties to fix and flip, there’s a tremendous amount of opportunities, a lots of money available to do that. – Wes Pruitt

Communication is really the key. The client really needs to explain to the realtor what it is they’re looking to accomplish. That way you’re both on the same page and you can really get the best of both worlds that way. – Wes Pruitt

Budgeting is critical to the process of renovating the house that you’re gonna sell because you have a price in mind that you wanna sell that house for and you probably can’t go much higher than that. So you have to make sure that what you’re gonna spend on the house that you’re gonna buy is not gonna be certainly any more than that and you want to have a profit margin in there so you have to allow for that. – Jim Potter


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