June 2009


29 Jun 2009 07:57 am

WEST JEFFERSON NC MOUNTAIN PROPERTY

87.5 +/- Acres Available For Residential Subdivision Mountain Development, 7 miles from West Jefferson, NC

Paved Road and Bridge Built To State Specifications.

Average of $23,000 per acre.

This Property Should Retail For Approximately $50,000 to $60,000 per acre.

ALL PROPERTY HAS LONG RANGE MOUNTAIN VIEWS

Contact Greg Stikeleather, Broker, 704.880.5247

or

email Greg at grstike@charter.net

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26 Jun 2009 07:05 am
Rent to Own: Use Your Rent Money to Get Started Owning Real Estate

With buyers scarce and financing tight, some home sellers are offering rent-to-buy options to potential buyers. In fact, there’s been enough of a spike in interest that ForSaleByOwner.com added it as a search option on the site, says spokesman Eric Mangan.

These deals, also called rent-to-own and lease-option, usually require buyers to pay extra rents each month plus up-front fees of about 5% of the purchase price. The regular rent then goes in owner’s pocket (presumably to pay the mortgage), but the additional payments are used to buy down the price of the home. (more…)

22 Jun 2009 07:32 am

Vacation property, an investment for retirement or a permanent residence, this [tag]Lake James waterfront home[/tag] may be your dream property.

The beautiful water front home is located in a private community with spectacular views of the [tag]Blue Ridge Mountains[/tag]. It has a double deck boat dock, an enclosed boat garage and a private ramp to launch your own watercraft. The home was built originally in 1972 and totally renovated in 2002. A four car detached garage was built in 2002.

There is a total of 264 ft. of water front. Beautiful three tier sea walls accent this elegant home. Hard wood and tile floors, modern appliances and vaulted ceilings are only a few of the amenities that capture you with this home.

Private dock permit.

List Price: $1,800,000
Flexibility: Willing to finance
Acreage: .75 acres
Type: Waterfront

Floors: 2
Bedrooms: 4
Bathrooms: 4
Sq. Footage: 3700
Garage Size: 4.0
Year Built: 1972, totally renovated in 2002
School District: Nebo

Suitable Use: Residential

Topography: Rolling
Road Frontage: Private Road
Location: [tag]Lake James, Burke County, NC[/tag]

Amenities: Waterfront, Fireplace, Central AC, Alarm, Wood Floors, Gas Range, Patio, Wheelchair Accessible, Nature/Bike Paths, Boating, Controlled Access, Spa/Jacuzzi

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19 Jun 2009 08:36 am
Own It!: The Ups and Downs of Homebuying for Women Who Go It Alone

You see a really pretty home with a For Sale sign on the front lawn. You write down the broker’s information and can’t wait to get home to take a look at the listing details. Now, if you have an iPhone, you can get the information on the spot.

Zillow.com released a free iPhone app last month, enabling consumers to get the low-down on more than 88 million homes – and not just the ones for sale.

This iPhone application is GPS-powered so the map follows you as you stroll, with price estimates popping up along the way. Pass a sale sign and you can access pricing, number of bedroom and baths, square footage and other info. (more…)

15 Jun 2009 07:37 am

High in the lush Blue Ridge mountains of North Carolina at 3600 foot elevation on 40 acres of rolling hills sits this expansive, bucolic family complex with 360 degrees of spectacular panoramic views.

This estate includes a luxurious 5,200 square foot family mansion with every amenity and five (5) individual 1400 square foot, two bedroom, two bath extended family cottages.

Unique to this property is a four acre barnyard complex with a 950 square foot barn equipped with electricity and running water, tack room, loft, baby animal paddock, and three fenced and gated pastures. You will also find a 40,000 gallon koi pond fed by an onsite spring and stocked with 200 koi fish. For the young folks, there is a children’s playground, complete with climbing wall, swings, slides, a basketball court, and a 25 foot play fort.

Valle Crucis is in Watauga County, west of Boone and only a few hours from the jamming traffic of bigger cities. Day and weekend getaways are possible, but most eventually return for a much longer stay.

At over 3,000 feet elevation, Valle Crucis is famous for it’s abundance of North Carolina Christmas Tree farms. Valle Crucis is a vacation and retirement paradise with hiking, canoeing, fishing, swimming, mountain biking, horseback riding, skiing, golf and much more.

With both the Blue Ridge Parkway and numerous ski slopes nearby, visitors to Valle Crucis come to experience cool summer breezes, spectacular mountain scenery and outdoor recreation.

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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12 Jun 2009 07:41 am
The Complete Guide to Investing in Undervalued Properties

A new study has identified dozens of undervalued markets – where household incomes, employment, population density and other factors – could support higher housing prices, but just aren’t doing it at the moment.

Some of the most undervalued markets as of the first quarter of 2009, according to the new study, are formerly high-flying boom-era cities where prices soared and then crashed. Single family homes, beachfront condos, and commercial real estate along the North and South Carolina coastlines are currently selling for 10 to 40 percent less than at the height of real estate boom times. (more…)

08 Jun 2009 06:53 am

This beautiful luxury home is located in Wilkes County North Carolina. Nearby is a major university — Appalachian State in Boone, NC. You will also experience a convenient drive to shopping and dining in Winston-Salem, NC; a short ride to the ski mountains — Appalachian Ski Mountain, Beech Mountain and Sugar Mountain; and just over an hour’s drive from three popular NASCAR tracks — Lowes Motors Speedway, Martinsville and Bristol Motor Speedway.

Because of its proximity to the Blue Ridge Mountains, Wilkes County offers a wealth of quiet beauty without the rush, the concrete, the noise and the traffic of larger, metropolitan communities. Just 80 miles from Charlotte, 45 miles from Winston-Salem, 45 miles from Hickory and 35 minutes from Boone, Wilkes County is an ideal location for those looking to escape the fast paced world of city living, yet close enough to commute for upscale dining, shopping and healthcare opportunities. Wilkes and surrounding counties are famous for an abundance of North Carolina Christmas Tree farms, motorcycle riding, hiking, canoeing, fishing, swimming, mountain biking, horseback riding, skiing, golf and much more.

MLS Number: 52935

List Price: $759,000
Bedrooms: 6
Full Baths: 4
Half Baths: 1
Est Total SqFt: 5265
Type/Style: Two Story
Area: Area 3
Middle School: West Wilkes
High School: West Wilkes
Construction: Stucco,Solid Brick
Foundation: Basement
Roof: Shingle – Composition
Floors: Tile, Hardwood

Garage/Carport: Garage-Double Attached, Garage-Double in Basement
Interior Features: Smoke Detector, Ceiling Fan(s), Master Bedroom, Main Level, Large Master Bedroom, Walk-In Closet(s), Hardwood Floors, Basement, Fireplace(s), Gas Logs, Dining Room, Rec Room, Cable TV, In-Law Quarters, Handicapped Design
Exterior Features: Patio/Deck, Private Yard, Level Lot
Subdivision: Canterbury Estates
Lot Size: .68

Apx SqFt: 3400 +
Basement: Full, Partially Finished

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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05 Jun 2009 07:09 am
Robert\'s Guide to Commercial Real Estate Investments: Insider Secrets to Commercial Real Estate Investing

It’s pretty clear that there are a bunch of mortgage backed securities that are going to be coming due over the summer and all through next summer. Banks have no intention of renewing those loans or extending additional terms. There are actually a whole bunch of players lined up on the sidelines who have aggregated money and capital to buy those notes and take the properties.

This isn’t about people who don’t want their properties. These are people who do want their properties. The notes are being sold at deep discounts. Your lender is either going to take .60 or $.70 on the dollar from a third party or they are going to renegotiate the terms of the loan with you as the borrower. (more…)

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