Greater Charlotte Real Estate and Community News

Dec. 5, 2018

Fireplace Design Trends

Fireplace Design Trends

The long evenings of the winter months invites families to stay home and enjoy the warmth of their own home. Naturally, attention turns to the fireplace as both providing extra heat and as the focal point of the room. New technology and environmentally friendly design has brought contemporary updates that are sleek, fashionable and playful.

  •   Finishing Fireplace finishes have changed. New products such as the Cool Wall Series open a wide variety of design options by allowing a cool surface as a backdrop for finishes.

  •   Wood Wood burning fireplaces are back in style. Decorative spaces for wood storage are adding architectural interest.

  •   Larger Openings One of the leading trends in fireplace design is enlarging the viewing window of the fireplace. A simple retrofit of an existing fireplace can make a huge difference in the look of any room.

  •   Corner Fireplaces This popular feature of the 1990s is back with modern updates. Two or three sided fireplaces with sleek styling and elegant accents, such as wood or metal, are providing a centerpiece for rooms.

  •   Fireplace Walls Linear fireplaces that stretch the length of the wall is one trend showing up in model homes across the country. Monotone colors and clean lines finish this modern trend.

Posted in Real Estate News
Sept. 26, 2018

Ideas For Small Spaces

 

5 Ways to Maximize a Small Space

Small spaces can be a decorating challenge. If you are down-sizing from a larger home, it can feel especially difficult to find ways to adjust to the smaller environment. But small doesn’t need to mean cramped. Here are 5 great ways to maximize your small space and create a room you love.

  1. UseMulti-purposePieces:sofabedsormurphybeds,ottomanswithstorageand bookshelves are great furniture choices

  2. Down-sizethefurnituretoo:usefurnituretailoredtosmallerspaces

  3. UseMirrorsandLights:abrightroomwillalwaysfeellarger

  4. Monotone:Useasimplelightercoloredpalateandsubtletonestoaddinterestwithout

    distracting the eye

  5. De-Clutter:removeextraitemswhichonlymaketheroomseemcramped

From urban lofts to retirement communities, there are many reasons to seek out a smaller living space. By utilizing a few simple design tips, your small space can provide years of living enjoyment.

Posted in Real Estate News
Sept. 12, 2018

The Appraisal Process

 

How Appraisers Determine Value

Once a buyer and seller agree on a sales price, the contract is then sent to the lender for the loan approval process. One of the first things the lender will do is to order an independent appraisal. The appraiser will use local data to determine a value for the subject property. The main purpose is to protect the lender in the event of borrower default by ensuring that the property is actually worth what the buyer is willing to pay, but this also protects the buyer from over-paying as well.

Determining Value

The process appraiser use to determine value is relatively simple. They start by searching for local comparable properties which have closed recently. They choose the 2 or 3 which most closely match the subject property and use them for comparison. Since these comparable homes have closed recently, they are assumed to represent market value.

Once the appraiser has the comparable properties identified, they will then compare the subject property to them. They will add or subtract value for size, location, amenities, features, upgrades and so on until they have a value for the subject property. This is then reported to the lender in the form of a final appraisal.

 

 

Aug. 28, 2018

5 Tips for Selling with Tenants

 

5 Tips to Selling a Home with Tenants

Selling a property involves the basics of preparing the home and allowing access to potential buyers. When the property is still occupied by tenants, the process can become more complicated. Tenants in the middle of a move can find it difficult or even burdensome to keep the home in show-ready condition and allowing quick access to the home is certainly a disruption to their home life.

Fortunately, by following a few simple tips, you can minimize the impact on the current tenants while still selling the property for the best possible price and terms.

5 Tips to Selling a Home with Tenants

  1. Communicate Early and Often–There is nothing complicated here, clear communication about the process and timing will alleviate the anxiety of the tenants. If

  2. Offer Financial Incentives–Consider offering some kind of financial incentive for their cooperation in moving schedules and showing requests.

  3. Create a Showing Schedule–Work with your tenants to create a window of time each day/week for showings to minimize impact.

  4. Provide a Cleaning Service–Make it as easy as possible for the tenants to keep the home clean and show-ready.

  5. Be Flexible and Understanding–Above all, be willing to compromise when necessary.

 

 

Posted in Selling Your Home
July 31, 2017

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates