Information about real estate and investing in Charlotte, NC

Mecklenburg home prices up slightly

clock March 27, 2009 02:50 by author Paul Ryan
The average sales price of homes in Mecklenburg County rose slightly in February to $198,152, according to the Charlotte Regional Realtor Association.

In January, the average sales price was $195,023. The number of houses sold, however, fell to 580 from 586.

Despite the uptick in sales price last month, home prices in the county have dropped more than 16 percent from February 2008, when the average sales price was $237,037.

The number of closings dropped more than 44 percent in the same period. There were 1,045 homes sold in the county in February of last year.

The Charlotte Regional Realtor Association operates the Carolina Multiple Listing Services Inc., which has more than 10,000 subscribers. The trade association provides resources and services to more than 9,000 Realtor members.

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Stage Your Home to Sell

clock March 27, 2009 02:44 by author Paul Ryan

Stage Your Home to Sell 

Staging has become a very important  factor in making a sell in today’s market. Preparing your home inside and out so potential buyers can imagine themselves living there. The exterior of the home gives the buyer the 1st impression. Spruce up the mulch, add some flowers. De clutter, de personalize and remove large furniture to make the room more spacious.  Accessorize the room to create a warm cozy atmosphere. In new construction or vacant homes  , sometimes the buyer can’t imagine the purpose of a room or how to furnish the room. Nestlewood Realty offers a free staging consultation prior to listing  your home. For a professional staging  service,  we use StyleFIX  Home Staging on many of our homes. Check out their website: www.stylefixstaging.com   


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Do You Qualify for the $8000 Tax Credit?

clock March 27, 2009 02:23 by author Paul Ryan
$ 8,000 Tax Credit For 1st Time Buyers
 or anyone who hasn't owned a home in 3years. 
   Calvin Davis got a great deal on his 1st home a few weeks ago,paying $116,000 for a four bedroom, 2 1/2 bath foreclosure in Monroe. 
   But that wasn't all. The 42 year old handyman went straight to his accountant,filing papers for the new 1st time home buyer's tax credit. Within 10 days he got his $8,000 using it towards new carpeting and pay off a debt and boost his savings.   
   This benefit has never been offered before and probably won't be offered again.  About 300,000 people across Charlotte are expected to take advantage of the tax benefit before it expires Dec.1.  
   The tax credit has been a deciding factor for recent buyers. It's like free money. And you don't have to pay it back. 
   In summary: 
* the tax credit is for 1st time buyers who haven't owned a home is 3years.  
* It doesn't have to be paid back.
* It's equal to 10% of the home's purchase price up to a maximum of $8,000. 
* It's available for homes purchased on or after Jan. 1 and before Dec 1. 
*Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 qualify for the full tax credit.

For more info: 

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Nestlewood Realty

We specialize in Charlotte Real Estate with a focus on historic, uptown and urban neighborhoods such as Elizabeth, Dilworth, Plaza Midwood, Cotswold, Myers Park, South End and Charlotte's Center City.

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