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Charlotte Real Estate Market Report 2008 A Look Forward to 2009

January 23rd, 2009 15 Comments » Listed Under: Charlotte Homes for Sale, FAQs About Charlotte

Charlotte NC We have a new President but the US economic news is, not surprisingly, still grim. The nation's housing is in its 2nd year of pain, falling prices, increasing foreclosures, sub-prime and the Alt A fiasco still unwinding- and more recently,  disturbing increase of unemployed workers. The new President and Congress are likely to  pass a massive economic stimulus- historic in size, up to 1 Trillion Dollars designed to put Americans back to work.   These are momentous times in...Continue Reading!

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The Big Question About Charlotte Real Estate: Where Would You Want To Live?

September 28th, 2008 Leave A Comment Listed Under: FAQs About Charlotte

Charlotte Communities and  Real Estate

The First BIG Question Once You've Decided You Are Moving To Charlotte Charlotte NC| a New Video FAQ by Terry McDonald What are the nice areas? usually related to the very Big Question, Where should we live? I created this video for those who prefer to hear the answer... for the folks who like to read, the text is begins here and continues below. The first thing to notice is that this is by definition completely subjective-- whats nice to one person...Continue Reading!

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Charlotte Real Estate FAQ's|Hows the Charlotte Real Estate Market? New video…

September 22nd, 2008 1 Comment » Listed Under: FAQs About Charlotte

Charlotte Communities and  Real Estate

I'm often asked "How's the market in Charlotte?" It's truly a Frequently Asked Question Charlotte NC| and I've been working on a series of FAQ videos, and the first is below- the answer? Its a strong Buyers market in Charlotte... the text continues below the video, but give the video a look, and let me know what you think [youtube]http://www.youtube.com/watch?v=daVJTyr-Xv0[/youtube] Every day I am asked, "How is the real estate market in Charlotte? My answer hasn't changed much in the...Continue Reading!

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Property Taxes in Charlotte NC| FAQs- Frequently Asked Questions on Charlotte Real Estate

September 13th, 2008 3 Comments » Listed Under: FAQs About Charlotte, Taxes

Charlotte Communities and  Real Estate

Figuring Real Estate Taxes in Charlotte- not as easy as you might think... Charlotte NC  In NC, you need to know your Tax Location, and two numbers, the Tax Rate and the Tax Value. The Tax Location is printed on your MLS sheet...no MLS sheet? You'll have to find out for yourself- don't worry I'll explain later! The Tax Value (TV) is printed on the listings. It is usually some percentage of the Listing or asking price. Tax Value should always be...Continue Reading!

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Charlotte NC| How Long Does it Take To Close on a Home In Charlotte? RE FAQ's

September 3rd, 2008 Leave A Comment Listed Under: FAQs About Charlotte

Charlotte Communities and  Real Estate

Once the contract is negotiated, how long does it take to close on the home? How long until move in day? 30-45 day is most common, but why 30 days? This is the amount of time it takes for the 1)lender to process a typical loan application (VA and FHA can be longer) for the Buyer 2) the time it takes to get through the buyer inspection and repair process and 3) if the home is a resale, the time...Continue Reading!

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Inflation Better than Expected- Rates Expected to Rise

May 14th, 2008 2 Comments » Listed Under: FAQs About Charlotte

Lock that Rate Today? from RateLink, via Myers Park Mortgage "Mortgage bond prices have taken a large hit and that is applying upward pressure on mortgage interest rates. Mortgage rates are moving upward as stocks move higher in value. In the news this morning, consumer prices rose 0.2% while the core rate, which excludes the volatile food and energy costs rose 0.1%. Analysts were expecting CPI to rise 0.3% and 0.2% respectively. The lower than expected inflation data has traders hopeful overall price pressures will decline. Inflation is...Continue Reading!

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Charlotte NC|For Those of You Considering Renting, Consider This…

May 14th, 2008 1 Comment » Listed Under: FAQs About Charlotte

What if you are renting and your landlord goes bust? What happens to you? from Forbes.com "It's not just single-family-homeowners who can't make their mortgage payments these days--landlords are busting out, too. Approximately 38% of all U.S. properties foreclosed between October 2007 and January 2008 were non-owner-occupied buildings (likely implying that the owner was an off-site landlord), estimates RealtyTrac, an Irvine, Calif.-based foreclosure-tracking service." Here for the rest of the When Landlords are Foreclosed from Forbes.com Here are 7 slimy landlord schemes...Continue Reading!

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The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
704-390-6221 Cell
704-393-0048 Office
Licensed in NC & SC
USAA Certified
ERA Luxury Home Certified