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!
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!
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
Every day I am asked, "How is the real estate market in Charlotte? My answer hasn't changed much in the...Continue Reading!
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!
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!
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!
What if you are renting and your landlord goes bust? What happens to you?
"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!
The McDonald Group
Wilkinson and Associates ERA Powered
8604 Cliff Cameron Dr ST 110
Charlotte NC 28269
Licensed in NC & SC
ERA Luxury Home Certified