List Price: $144,000
Year Built: 2007
Bedrooms: 3
Bathrooms: 3
Parking: 1 Car, Detached
Wednesday, March 31, 2010
Featured Property: Charlotte Townhome
Desirable end unit townhome for sale in Charlotte, with a detached one car garage. Home is within walking distance to pool, clubhouse, playground, retail and restaurants. Master bedroom on main level, hardwood floors, tv niche and gas log fireplace in great room. Corian countertops, black appliances and 42' cabinets in kitchen. Refrigerator, washer and dryer are negotiable. Priced below tax value!
List Price: $144,000
Year Built: 2007
Bedrooms: 3
Bathrooms: 3
Parking: 1 Car, Detached
List Price: $144,000
Year Built: 2007
Bedrooms: 3
Bathrooms: 3
Parking: 1 Car, Detached
Monday, March 22, 2010
N. C. Pension Experiences Largest Losses in Real Estate Investments
"RALEIGH — The real estate investments in North Carolina’s pension fund lost about a third of their value last year; this was the worst loss among the categories of investments in the fund’s portfolio. Because information about specific real estate investments is not considered a public record, it’s impossible to know which investments brought down the pension fund’s value.
Overall, the $67 billion pension fund rose 15.08 percent in 2009, rebounding along with other investments in the broader markets. Stocks held by the fund bounced back by about 33 percent.
Real estate investments make up less than 5 percent of the fund’s portfolio. Their value at the end of 2009 was $3 billion.
About the only information state Treasurer Janet Cowell will release to explain the loss is a list of the fund managers as of Dec. 31, 2008, and the losses posted by each manager. No information is available from the treasurer’s office about the individual real estate investments made by those 39 fund managers. The managers received more than $65 million in management fees from the treasurer’s office in 2008.
“These real estate portfolio holdings are not considered public record,” said Heather Franco, a spokeswoman for Cowell.
Former state Treasurer Richard Moore got an advisory opinion from the state attorney general in 2006 concluding that records with information about the companies in which funds have made investments were trade secrets.
North Carolina isn’t the only state with real estate investments that tanked. In California, the real estate investments of the pension system for state employees plunged by 47.5 percent, more than three times worse than the index for that fund.
But the California Public Employees’ Retirement System does release information about the properties its real estate managers invest in. Closer to home, South Carolina’s pension doesn’t make real estate investments.
The State Employees Association of North Carolina sued Moore in 2008 to try to get information about investments he had made. A Wake County judge dismissed the lawsuit. The N.C. Court of Appeals upheld the dismissal in November, writing that it was reasonable for the treasurer’s office to deny “requests regarding the public records that were not in their possession and records which contained trade secrets.”
Appeals Court Judge Rick Elmore dissented. SEANC has appealed the ruling to the state Supreme Court.
“I hope at the end of the day that the court says we can go into the treasurer’s office and get what we need,” said Ardis Watkins, the association’s legislative affairs director. “I hope it’s there.” ~ S. Okeson, Carolina Journal
For more news on North Carolina Real Estate, contact an agent today!
Overall, the $67 billion pension fund rose 15.08 percent in 2009, rebounding along with other investments in the broader markets. Stocks held by the fund bounced back by about 33 percent.
Real estate investments make up less than 5 percent of the fund’s portfolio. Their value at the end of 2009 was $3 billion.
About the only information state Treasurer Janet Cowell will release to explain the loss is a list of the fund managers as of Dec. 31, 2008, and the losses posted by each manager. No information is available from the treasurer’s office about the individual real estate investments made by those 39 fund managers. The managers received more than $65 million in management fees from the treasurer’s office in 2008.
“These real estate portfolio holdings are not considered public record,” said Heather Franco, a spokeswoman for Cowell.
Former state Treasurer Richard Moore got an advisory opinion from the state attorney general in 2006 concluding that records with information about the companies in which funds have made investments were trade secrets.
North Carolina isn’t the only state with real estate investments that tanked. In California, the real estate investments of the pension system for state employees plunged by 47.5 percent, more than three times worse than the index for that fund.
But the California Public Employees’ Retirement System does release information about the properties its real estate managers invest in. Closer to home, South Carolina’s pension doesn’t make real estate investments.
The State Employees Association of North Carolina sued Moore in 2008 to try to get information about investments he had made. A Wake County judge dismissed the lawsuit. The N.C. Court of Appeals upheld the dismissal in November, writing that it was reasonable for the treasurer’s office to deny “requests regarding the public records that were not in their possession and records which contained trade secrets.”
Appeals Court Judge Rick Elmore dissented. SEANC has appealed the ruling to the state Supreme Court.
“I hope at the end of the day that the court says we can go into the treasurer’s office and get what we need,” said Ardis Watkins, the association’s legislative affairs director. “I hope it’s there.” ~ S. Okeson, Carolina Journal
For more news on North Carolina Real Estate, contact an agent today!
Wednesday, March 17, 2010
Selling Your Home When You Owe More Than It's Worth
Kerry Stecher, Broker-In-Charge of Henderson Properties in Charlotte, anticipates that this trend will, unfortunately, continue. “Foreclosure filings in North Carolina increased by 17% last year and we’ll likely see that number rise again in 2010. Many of these foreclosures happen because people can’t sell their homes for as much as they owe, so they can’t afford to get out of them. Regrettably, I expect that we will be seeing these variances in loan-to-home-value for another 3 to 5 years in Charlotte, so this is something we’ll be dealing with for a while.”
The Short Sale Option
A short sale is an alternative to foreclosure that the Henderson Properties team often encourages. In a short sale, the lender agrees to accept a payoff that is less than the mortgage amount owed. The owner can more easily sell the home, the lender minimizes its losses and avoids a foreclosure, and the buyer can get a great value.
A short sale is rarely simple, though. There are no national guidelines or regulations for these transactions and each lender has different rules, requirements and provisions. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
It’s also not applicable in every situation. Sometimes foreclosure might be the best option, and other times there are other resolutions available. Often, though, a short sale offers the most advantages.
Finding Help
Homeowners who owe more on their home than it’s worth are often overwhelmed and frustrated. The stress from a constant stream of phone calls from debt collectors is wearing on them. They may be getting conflicting information from creditors and don’t know who to trust.
In this situation, it is crucial that a homeowner work with a Realtor who is experienced with the unique legal and financial intricacies of short sales and foreclosed homes, as well as someone who truly wants to help them succeed.
If you owe more than your home’s value and are considering selling, or if you are interested in purchasing a home involved in a short-sale transaction, here are some questions to ask to make sure your Realtor is qualified to help you.
• Does the Realtor® have specialized training in short sales?
• Does the Realtor® have experience with short sales?
• What kind of information does the firm have to help you determine
whether a short sale is best and how to get the process started?
• What is your Realtor® doing to help you get your property sold?
Currently, about half of Henderson Properties’ listings are short sales, said Stecher. Because the company’s Realtors® have been nationally certified in handing short sales, foreclosures and real-estate owned properties, they are establishing a niche in this growing market.
“Most of our work in a short sale transaction is done with the lender after we receive an offer to purchase on the property,” said Stecher. “We call upon our experience and our legal experts to make sure there are no surprises when we get to the closing table.
Our clients are already under stress -- we want to make sure that we’re working our hardest to alleviate their problems.” A short sale is very complex, but often it’s the best way for homeowners to sell homes that are worth less than the mortgage balance. The key to moving on successfully is to have an experienced guide on their side.
The Short Sale Option
A short sale is an alternative to foreclosure that the Henderson Properties team often encourages. In a short sale, the lender agrees to accept a payoff that is less than the mortgage amount owed. The owner can more easily sell the home, the lender minimizes its losses and avoids a foreclosure, and the buyer can get a great value.
A short sale is rarely simple, though. There are no national guidelines or regulations for these transactions and each lender has different rules, requirements and provisions. In some cases, the difference is forgiven by the lender, and in others the homeowner must make arrangements with the lender to settle the remainder of the debt.
It’s also not applicable in every situation. Sometimes foreclosure might be the best option, and other times there are other resolutions available. Often, though, a short sale offers the most advantages.
Finding Help
Homeowners who owe more on their home than it’s worth are often overwhelmed and frustrated. The stress from a constant stream of phone calls from debt collectors is wearing on them. They may be getting conflicting information from creditors and don’t know who to trust.
In this situation, it is crucial that a homeowner work with a Realtor who is experienced with the unique legal and financial intricacies of short sales and foreclosed homes, as well as someone who truly wants to help them succeed.
If you owe more than your home’s value and are considering selling, or if you are interested in purchasing a home involved in a short-sale transaction, here are some questions to ask to make sure your Realtor is qualified to help you.
• Does the Realtor® have specialized training in short sales?
• Does the Realtor® have experience with short sales?
• What kind of information does the firm have to help you determine
whether a short sale is best and how to get the process started?
• What is your Realtor® doing to help you get your property sold?
Currently, about half of Henderson Properties’ listings are short sales, said Stecher. Because the company’s Realtors® have been nationally certified in handing short sales, foreclosures and real-estate owned properties, they are establishing a niche in this growing market.
“Most of our work in a short sale transaction is done with the lender after we receive an offer to purchase on the property,” said Stecher. “We call upon our experience and our legal experts to make sure there are no surprises when we get to the closing table.
Our clients are already under stress -- we want to make sure that we’re working our hardest to alleviate their problems.” A short sale is very complex, but often it’s the best way for homeowners to sell homes that are worth less than the mortgage balance. The key to moving on successfully is to have an experienced guide on their side.
Tuesday, March 16, 2010
Henderson Properties Announces New Contracts
March 16, 2010, Charlotte, NC – Henderson Properties, a full-service Charlotte real estate firm, has been contracted by three community associations to provide professional association management services.
Northview Harbor is a community association serving a neighborhood of 294 single-family homes located in Sherrills Ford, N.C., on Lake Norman. The subdivision's amenities include a pool, clubhouse, tennis courts, community boat launch, boat docks and boat storage.
The Townhomes of Calloway is an 87-unit townhome community located on Lake Wylie in Tega Cay, SC. It is the second townhome community that Henderson is managing in Tega Cay.
Providence Arbours Homeowners Association serves a community of 130 homes in the Providence Arbours subdivision near the intersection of Providence Road and McKee Road in south Charlotte. The community was built in 2001 and has a community park for residents to enjoy.
In addition, on March 11 Henderson Properties hosted a Condominium Financing Seminar for its condominium association clients at the Holiday Inn Uptown. Attendees learned about requirements for having their condominium communities qualified to receive FHA, VA and Fannie Mae financing. All FHA approvals for existing condominium communities will expire on December 31, 2010, and the seminar was intended to help condominium associations meet the deadline to submit a new application to FHA so condominiums buyers will be able to receive FHA loans. Subjects discussed included the importance of having a reserve study completed, limiting the number of rental units in the community and making sure that there is proper insurance coverage.
Henderson Properties is a full-service real estate company founded in 1990 in Charlotte, N.C. Its services include community association management, rental property management, leasing, maintenance and home sales. Over the years Henderson Properties has continued to grow while maintaining its commitment to the firm's original vision -- to make a difference in the real estate industry by providing quality, professional real estate services to owners and investors throughout the greater Charlotte area. For more information, contact Henderson Properties at 704-535-1122 or www.HendersonProperties.com.
Northview Harbor is a community association serving a neighborhood of 294 single-family homes located in Sherrills Ford, N.C., on Lake Norman. The subdivision's amenities include a pool, clubhouse, tennis courts, community boat launch, boat docks and boat storage.
The Townhomes of Calloway is an 87-unit townhome community located on Lake Wylie in Tega Cay, SC. It is the second townhome community that Henderson is managing in Tega Cay.
Providence Arbours Homeowners Association serves a community of 130 homes in the Providence Arbours subdivision near the intersection of Providence Road and McKee Road in south Charlotte. The community was built in 2001 and has a community park for residents to enjoy.
In addition, on March 11 Henderson Properties hosted a Condominium Financing Seminar for its condominium association clients at the Holiday Inn Uptown. Attendees learned about requirements for having their condominium communities qualified to receive FHA, VA and Fannie Mae financing. All FHA approvals for existing condominium communities will expire on December 31, 2010, and the seminar was intended to help condominium associations meet the deadline to submit a new application to FHA so condominiums buyers will be able to receive FHA loans. Subjects discussed included the importance of having a reserve study completed, limiting the number of rental units in the community and making sure that there is proper insurance coverage.
Henderson Properties is a full-service real estate company founded in 1990 in Charlotte, N.C. Its services include community association management, rental property management, leasing, maintenance and home sales. Over the years Henderson Properties has continued to grow while maintaining its commitment to the firm's original vision -- to make a difference in the real estate industry by providing quality, professional real estate services to owners and investors throughout the greater Charlotte area. For more information, contact Henderson Properties at 704-535-1122 or www.HendersonProperties.com.
Monday, March 15, 2010
Maintenance Services from Henderson Properties
Did you know Henderson Properties provides Maintenance Services in Charlotte? Listed below is a brief summary of services that our Maintenance Division provides for our rental properties and homeowner associations.
Maintenance Services
* Handle and process all requests of owners/occupants for repair and maintenance of the property.
* Maintain and repair Common Elements of the association in accordance with the standards set by Master Covenants and By-Laws and as directed by the Board.
* Obtain bids for maintenance and repairs that are not performed by Management firm and present to Board or the investor for selection.
* Supervise maintenance and repairs and Capitol Reserve projects.
* Twenty-four hour emergency maintenance services provided to all residents.
* Report preventative maintenance repairs that are needed to the Board of Directors or to the investor.
* Perform scheduled inspections of the property.
Response to all Resident Requests
Residents call us directly and we coordinate any needed repairs on the property. Plumbing, HVAC, Appliance and Electrical problems are all given 24-hour service. This helps to build resident loyalty and maintain the value of the property.
Coordination of Contractors
For major repairs and renovations on your property we get bids from various contractors in order to keep costs low. Rental home or rental condominium owners are contacted for approval of any major repairs. We coordinate and schedule repairs with the tenants and the contractor.
Home Warranty Work
Getting in touch with warranty companies can take valuable time. We do it for you. We contact the warranty companies and the resident to schedule repairs. We also follow up to make sure that repairs have been completed as required to protect your investment.
Inspection of Completed Repairs of Your Property
All major repairs on your property are inspected thoroughly to ensure the quality before the bills are paid.
Recommendation of Improvements of Your Property
We will perform semi-annual inspections of the rental property and recommendations for preventive maintenance as well as improvements that will increase the rental value of the property. For our homeowner associations, inspections are completed 2 times per month by the manager.
We are the “Real Estate Specialists”!
We do it all! To compliment our recently developed Real Estate Sales Division, we can perform any repairs needed, in a timely manner, to make sure you are ready for your closing. Let us take the hassle out of selling your property!
Maintenance Services
* Handle and process all requests of owners/occupants for repair and maintenance of the property.
* Maintain and repair Common Elements of the association in accordance with the standards set by Master Covenants and By-Laws and as directed by the Board.
* Obtain bids for maintenance and repairs that are not performed by Management firm and present to Board or the investor for selection.
* Supervise maintenance and repairs and Capitol Reserve projects.
* Twenty-four hour emergency maintenance services provided to all residents.
* Report preventative maintenance repairs that are needed to the Board of Directors or to the investor.
* Perform scheduled inspections of the property.
Response to all Resident Requests
Residents call us directly and we coordinate any needed repairs on the property. Plumbing, HVAC, Appliance and Electrical problems are all given 24-hour service. This helps to build resident loyalty and maintain the value of the property.
Coordination of Contractors
For major repairs and renovations on your property we get bids from various contractors in order to keep costs low. Rental home or rental condominium owners are contacted for approval of any major repairs. We coordinate and schedule repairs with the tenants and the contractor.
Home Warranty Work
Getting in touch with warranty companies can take valuable time. We do it for you. We contact the warranty companies and the resident to schedule repairs. We also follow up to make sure that repairs have been completed as required to protect your investment.
Inspection of Completed Repairs of Your Property
All major repairs on your property are inspected thoroughly to ensure the quality before the bills are paid.
Recommendation of Improvements of Your Property
We will perform semi-annual inspections of the rental property and recommendations for preventive maintenance as well as improvements that will increase the rental value of the property. For our homeowner associations, inspections are completed 2 times per month by the manager.
We are the “Real Estate Specialists”!
We do it all! To compliment our recently developed Real Estate Sales Division, we can perform any repairs needed, in a timely manner, to make sure you are ready for your closing. Let us take the hassle out of selling your property!
Thursday, March 11, 2010
Charlotte Home Sales Rise
"The Charlotte market saw 1,397 home sales in February, up 3.6 percent from February 2009. Closings also increased 2.5 percent from January.
The average sales price in February was $191,288, a 4.6 percent increase during the year, according to the Charlotte Regional Realtor Association. The average sales price dropped 4.6 percent from $200,592 in January. The average listing price of homes sold in February rose 5 percent to $216,605 from February 2009.
There were 1,954 pending contracts on residential properties in February, up 14 percent from the same month last year. Pending contracts rose 6.6 percent from January.
“We are pleased that closings, contracts and the average sales price figures are up compared to this time last year,” says Lyn Kessie, president of Charlotte Regional Realtor Association. The association’s figures are derived from activity in its Carolina Multiple Listing Services Inc. “With the spring selling season upon us and the tax credit expiring, we are hopeful this trend will continue. It is critical that distressed properties in the MLS be absorbed so that stabilization can continue to occur in our local market.”
The figures are for homes in Mecklenburg, Union, Iredell, Lincoln, Cabarrus, Gaston, Stanly, Anson, Montgomery and Alexander counties." ~ Source: Charlotte.BizJournals.com
Contact Henderson Properties for more information on homes for sale in Charlotte.
The average sales price in February was $191,288, a 4.6 percent increase during the year, according to the Charlotte Regional Realtor Association. The average sales price dropped 4.6 percent from $200,592 in January. The average listing price of homes sold in February rose 5 percent to $216,605 from February 2009.
There were 1,954 pending contracts on residential properties in February, up 14 percent from the same month last year. Pending contracts rose 6.6 percent from January.
“We are pleased that closings, contracts and the average sales price figures are up compared to this time last year,” says Lyn Kessie, president of Charlotte Regional Realtor Association. The association’s figures are derived from activity in its Carolina Multiple Listing Services Inc. “With the spring selling season upon us and the tax credit expiring, we are hopeful this trend will continue. It is critical that distressed properties in the MLS be absorbed so that stabilization can continue to occur in our local market.”
The figures are for homes in Mecklenburg, Union, Iredell, Lincoln, Cabarrus, Gaston, Stanly, Anson, Montgomery and Alexander counties." ~ Source: Charlotte.BizJournals.com
Contact Henderson Properties for more information on homes for sale in Charlotte.
Monday, March 1, 2010
Lake Norman Real Estate
Spring is just around the corner... Many people will start looking for new homes in Charlotte over the next couple months. Where's the most desirable place to live, if not in the city? Lake Norman, NC.
Nestled on the banks of beautiful Lake Norman are the towns of Cornelius, Davidson and Huntersville. These unique towns present a wide array of leisure amenities for visitors and guests including upscale shopping, year-round golfing, fishing and other water activities. Lake Norman, the largest man-made lake in the Carolinas, is THE place for fun in the sun! Created in 1963 by Duke Energy, Lake Norman is 34 miles long with 520 miles of shoreline.
Lake Norman offers numerous attractions to explore. From Lake Norman, you may enjoy the ease of traveling anywhere in the state. We're just north of Charlotte, and the mountains and coast are only a short drive away. Whatever your desire, find it outside your door in Lake Norman!
Nestled on the banks of beautiful Lake Norman are the towns of Cornelius, Davidson and Huntersville. These unique towns present a wide array of leisure amenities for visitors and guests including upscale shopping, year-round golfing, fishing and other water activities. Lake Norman, the largest man-made lake in the Carolinas, is THE place for fun in the sun! Created in 1963 by Duke Energy, Lake Norman is 34 miles long with 520 miles of shoreline.
Lake Norman offers numerous attractions to explore. From Lake Norman, you may enjoy the ease of traveling anywhere in the state. We're just north of Charlotte, and the mountains and coast are only a short drive away. Whatever your desire, find it outside your door in Lake Norman!
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