Thursday, July 30, 2009

Weak Charlotte Job market still making homebuyers nervous

In 2008, Charlotte, NC was the 9th largest market in the US with 7,303 single-family permits. But then a recession hit and home sales have plummeted.
Then, this past June, the weak demand for homes and the and higher-than-normal home inventory lead to lower home prices. And home prices continued to fall and foreclosures added to the already-high inventory levels--adding to the decreased home prices.
Agents reported that their home buyers were unsure if the were were at the bottom of the recession and were waiting for better deals despite the current home price lows and the available $8,000 federal tax credit for first-time home buyers.


One of the newest concerns seems to be job security. So many people have watched friends and family laid off in the last year, and the uncertainty about their own jobs has made them hesitant to commit to a new mortgage, despite all the incentives.

Things are looking up, but many agents are finding that they can't get home buyer to to commit. We are finding that home buyers have the time, or are undecided, they wait for better deals.

What does this mean to you? Are you holding off buying a home because of a job concern? We would love to hear from you. Email Rich at Rich@richferretti.com.


Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out http://www.minthillrealty.com/

July 30th HERA laws

On July 30, 2009: The new Housing and Economic Recovery Act (HERA) laws go into effect today to protect home buyers. They require all mortgage lenders and mortgage brokers to help prevent deceptive lending practices and protect customers by helping them become more informed.

These changes are the standards to which I, and the other Real Estate Professionals at Jamison Realty have been adhering to throughout, however, not everyone has, and this has, in part produced the current housing market crisis. We applaud the government for making these practices into law

While these changes are all positive, they will take additional time to comply with, and therefore affect closing dates. Most of the changes will be transparent to the home buyer and the REALTOR® or Builder.

Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out
www.minthillrealty.com

Monday, July 27, 2009

Home Prices Rise in January-- Can you believe it???

U.S. home prices rose 1.7% in January compared with December, the Federal Housing Finance Agency reported Tuesday. It was the first monthly increase in a year.

Home prices were down 6.3% for the past year and were down 9.6% from the peak in April 2006, the FHFA said. In December, the year-over-year decline was 8.8%.

Falling home values have helped plunge the global financial system into chaos because of mortgage-backed securities. Homeowners have lost trillions of dollars of wealth.

The "unexpected rise" in January was partially due to stronger sales in some markets, the FHFA said. The FHFA index attempts to control for such changes in sales patterns, but the adjustment is not perfect, the agency said. The agency warned that its estimate was uncertain and subject to large revisions.

Want more information? Contact Rich Ferretti, your Mint Hill NC Homes and Matthews NC Real Estate Specialist....

Sunday, July 26, 2009

Buyers motivated by affordability, interest rates

We are in the most affordable housing market in 28 years. and low prices and low interest rates are attracting millions of home buyers to look for deals. However, the low prices are also causing home sellers to put off putting their homes on the market according to the new national Realtor.com® Homeownership Survey. Based on the Realtor.com survey, affordability is clearly driving more than two-thirds (65.2%) of potential buyers back into today's housing market.


Here are some other statistics:


--> 19.6% of prospective buyers say foreclosure bargains in their communities would motivate them to purchase a home.
--> An additional 15.5% said they're motivated to buy soon because they think prices are as low as they will go
--> An another 15.5% said they're motivated to buy before interest rates rise.
--> 14.6% of first time homebuyers say that the $8,000 Federal tax credit is the motivator to purchase a new home in the future.
--> 66.3% surveyed said they are not likely to consider buying a foreclosure in the future.

Are you interested in taking advantage of the current housing market?
Do you want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out
www.minthillrealty.com

Mint Hill NC Real Estate Specialist

Rich Ferretti Charlotte Nc Realtor (REV)
id like to introduce to my friend rich ferretti rich is licensed in north carolina south carolina and new jersey and has 20 years of experience and a strong committment to customer satisfactionrich is a broker who listens and hes passionate about charlotte his loyalty dedication and experience are evident from the moment he shakes your hand rich is also active in community service and belives in giving back to the community hes a member of the mint hill lions club and serves on the lion services board of directorswith over 20 years in the real estate business and voted best of charlotte 2007 rich comes to you experience and the ability to find you the perfect homehe is a broker licensed in both north and south carolina.

Charlotte NC Renters--What are you Thinking????

A combination of low interest rates and the 2009 first-time homebuyer tax credit are just the incentive many renters need to fulfill the dream of homeownership this year.  Read this article.

Real Estate has always been a great investment--STOP paying your landlords mortgage....

Rich Ferretti is a Matthews NC Home and Mint Hill NC Real Estate Specialist.

Call me today.....Stop wasting your money..

Charlotte NC Real Estate- First time home buyer or Investors.

7216 Rockwood Forest

www.7216Rockwood.com     Virtual Tour of Home

You have to see the private fenced backyard!!!!

    • 3 bedroom
    • 2 bath home
    • Large family room with fireplace
    • Rocking Chair Front Porch

Call Rich Ferretti today to view this home.....

Charlotte NC Home

Several people have asked me about great buys in the Charlotte Real Estate Market...Here's a special home that offers a buy that is priced under the appraised value.

FPO_51368_033_resampled

  • 3 large bedrooms
  • 2 1/2 baths
  • Shows like a model
  • Close to Mallard Creek and I-85
  • Full unfinished basement that is plumbed for another bath.

www.1134JadeGlen.com  Virtual tour of home.

Call Rich Ferretti today 704 564 -0807.

Rich is your Charlotte NC homes for sale specialist.

$8000 Tax Credit is still available.....

Frequently Asked Questions About the Home Buyer Tax Credit
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

The following questions and answers provide basic information about the tax credit. If you have more specific questions, we strongly encourage you to consult a qualified tax advisor or legal professional
about your unique situation.

1. Who is eligible to claim the tax credit?
First-time home buyers purchasing any kind of home—new or resale—are eligible for the tax credit. To
qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and before December
1, 2009. For the purposes of the tax credit, the purchase date is the date when closing occurs and the
title to the property transfers to the home owner.

2. What is the definition of a first-time home buyer?
The law defines "first-time home buyer" as a buyer who has not owned a principal residence during the
three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history
of both the home buyer and his/her spouse.
For example, if you have not owned a home in the past three years but your spouse has owned a
principal residence, neither you nor your spouse qualifies for the first-time home buyer tax credit.
However, unmarried joint purchasers may allocate the credit amount to any buyer who qualifies as a
first-time buyer, such as may occur if a parent jointly purchases a home with a son or daughter.
Ownership of a vacation home or rental property not used as a principal residence does not disqualify a
buyer as a first-time home buyer.

Who do you know that qualifies for the credit....

For more informaiton contact Rich Ferretti, your Matthews Real Estate and Mint Hill Homes specialist.

Saturday, July 25, 2009

Buyers: What your Realtor wants to know

Moving to Charlotte?

Before your home search begins, your real estate agent will want to know as much as possible about what you are looking for in a new home. Being as specific as possible saves both you and the Realtor time, and brings you to your new home faster.

To help your Realtor find a selection of great options, you should begin a list or what you would like, and then what you need. Here are some features to consider:

Exterior of home - Do you want a brick house, or vinyl siding? Do you have a preference on what the front yard looks like?


Type of property - Are you looking for a house, condominium, or town home?

Age of property - Are you looking for an stately Victorian home or new construction?


Architectural style - Do you want a modern home or an older one?


Number of stories - Is a ranch your style, or do you need an upstairs in your dream home?

Type of foundation - Have you got a preference on a slab foundation or basement?


Roof construction - Do you love architectural tiles or is a standard shingle?

Lot size and/or location - Are you a 3-acre in the woods kind of person, or will a quarter acre in a neighborhood suit you?


Landscape preferences - Do you care if there is fencing or a built-in sprinkler system? Do you like established shrubbery or would you like to plant your own landscaping?


Pool - Do you want to relax by the pool on those hot summer days, or does the idea of having to do maintenance on a pool exhaust you?

Garage or carport - Do you want a garage, a 2 car garage, a 3 car garage? Or are you ok with parking on the driveway or street?

Number of bedrooms - What is your minimum bedroom number?


Number of bathrooms - What is your minimum bathroom number?

Minimum square feet - How much space do you need?

Central air/heat - Do you like you AC? You will need it here in Charlotte!


Wiring - Do you have a preference on wiring?

Appliances - Do you prefer electrical or gas appliances?


Security system - Do you need a home with a security system? Is this something you would have installed?

Basement/attic - Do you need extra storage? Do you like the idea of having a basement?


Fireplace - Do you want a fireplace? Do you prefer gas or wood?


Kitchen amenities - Are marble counter tops a must?


Formal dining room - Do you entertain? Is a formal dining room a necessity?


Home office - Do you work from home or do you need a space to work?

Laundry room - Do you need or just want a laundry room? Would you like it on the first floor? Basement? Upstairs?


Flooring - Can you live with linoleum or do you need tile. Do you want hardwoods throughout?

How much renovation would you be willing to do? - Is a fixer-upper a good fit, or do you need move-in ready?

Do you have any special needs? - Will you need a ramp for wheelchair access or lowered counters and railings? Is there anything that you need to make your home livable for you and your family?


Looking for more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out www.minthillrealty.com

Thursday, July 23, 2009

Mint Hill Realty

Mint Hill Realty is the one place to go when you want info on Mint Hill NC Homes and property values.

Also, serving Matthews NC, this site offers Matthews home values and so much more.

Both Matthews real estate and Mint Hill real estate continue to hold their own.

When you want the best in real estate service, call your Matthews home and Mint Hill homes specialist, Rich Ferretti.

Rich can be found on both www.MintHillRealty.com and www.RichFerretti.com

Call me today and let's begin the process.

Rich Ferretti and MetroGreenScape


THE GREEN LIFE

Metro GreenScape News

May 15, 2009

fireplace

Save $100

Take $100 off a Full Landscape Design (normally $750).

Call Metro GreenScape at 704.504.0980 to set up your appointment today!

Metro GreenScape | www.metrogreenscape.com | 704.504.0980 | Offer Expires: 6/15/2009

Greetings!

Charlotte is still one of the strongest housing markets in the US, but what can you do to make your for-sale home more attractive to home buyers? Stage it!

Metro Greenscape is now offering Exterior Home Staging to increase curb appeal of homes on the market.

Even if you aren't interested in selling your home, having your exterior professionally designed will increase value and keep your house looking spectacular--for you to enjoy!

Be sure to call us at 704-504-0980 and schedule your in-person, on-site consultation with an Exterior Home Staging Team member this spring. We look forward to hearing from you soon.

Best Regards,  

The Metro Greenscape Team

for saleMetro GreenScape

Home Staging Ideas:

We can do "as much or as little" as you need

increase your curb appeal!

· Build a new path leading up to your front door.

· Install new trees or plant life that gives a dramatic statement.
· Prune trees and shrubs and plant colorful flowers.
· Repair outdated patios, sidewalks, driveways and outdoor living elements.
· Build a new outdoor deck, kitchen, play area or pool!

Rich FerrettiAsk the Expert: Curb Appeal 

Rich Ferretti

Broker/Realtor, NC/SC

I work with home buyers all the time who make snap decisions about properties just based on what they initially see as we drive up. Things like recently mowed grass, fresh mulch and blooming flowers make a huge difference to buyers, who will sometimes refuse to even go inside a home if the curb appeal isn't there.
If you are considering selling your home in the next few months, think about how your home looks to someone looking at it for the first time. Are the sidewalks, walkways, driveways and patios free of cracks? Are there colorful flowers and well-edged flower beds? Do the gutters need cleaning, or the siding pressure-washed?

Curb appeal is an important factor in home selling. It increases values and decreases time spent on the market. Nothing can make a bigger difference in the sale process than great exterior home staging, and no one does it better than Metro GreenScape!

Exterior Home Staging Packages

Our Exterior Home Staging Team offers three different plans to help give your home that extra curb appeal!

Below are details about our Bronze Staging package (Typical 1/3-acre property size) This package includes a combination of the following exterior enhancements:

1) Six (6) flats of annuals, placed in pots on each side of the front steps or door, and the rest planted in the front to showcase the mailbox area.
2) Weeds pulled 20 feet on each side of the front door entrance way.
3) Re-edging of 60 feet of flower beds.
4) Pine straw distributed over 500 square feet of flower beds.
5) Removal of all yard debris and debris from our project.
6) Spot seeding of the front yard.
7) Cob webs removed from the side of the home.
8) Pressure washing of the walkway up to front door or front focal point.
9) Gutters checked for debris and clog checked at bottom spouts.
10) Trimming of up to ten shrubs if under 2 feet tall.

Cost for Bronze Staging Package is $750.00. If you are interested in learning more about this, or our other available staging packages, please call us at 704.504.0980

I personally endorse Darin and his company. When you want the best don't settle for the rest....

 

 

 

Matthews NC Home and Mint Hill Home Specialist

So you decided to see your home. Now what? You could try to sell it on your own or contract a professional real estate broker. What do Real Estate agent do anyway.

Let's discuss selling your home. Here is my list of top items I proved to all my clients.

Top listing agents sell homes day in and day out. Here is a list of services most listing agents offer to sellers:

  • Top-notch marketing materials and proven selling systems.
  • Professional virtual tours and photography.
  • Wide Internet exposure.
  • Promotion at company meetings and MLS meetings.
  • Networking with fellow real estate agents.
  • Price guidance according to market data and recent sales.
  • Home stagers, inspector and repair contractor referrals.
  • Buyer feedback and private showings.
  • Confirmation of potential buyer qualifications.
  • Counter offer and negotiation expertise.

So what are your thoughts? If you have been trying to sell your home as a FSBO and you're still living there, give me a call. At least let's meet for coffee and some good conversation.

Rich Ferretti, your Matthews Homes and Mint Hill Homes specialist.

Call Rich Today

Wednesday, July 22, 2009

Indian Trail Homes

This large home is perfect your family.. In fact, move in now and you'll still have plenty of time to enjoy the outdoor living.

Virtual Tour: www.9707Tallwood.com

9707 Tallwood 011

Union County NC Homes for sale=Close to Everthing

Looking for a Move In Townhome in Callonwood? Take advantage of this 2 bedroom 2 1/2 bath townhome in highly sought after Callonwood. Once you drive into this development, you'll know what I mean.

www.1160Drummond.com

1160_Drummond-_Front_View[2]

Contact Rich Ferretti at 704-564-0807, email or text.

SET THE MARKET--DON'T CHASE IT !!!!!!!!

Charlotte Homes for Sale

Looking for a great opportunity with a Charlotte NC Home.

This home has it all.. once you step in side you'll know what I mean.

www.1123JadeGlen.com

FPO_51368_033_resampled

Make sure you view the virtual tour. Priced below the appraised value and a full unfinished basement...

Contact Rich today at 704-564-0807, email or text 24hr

SET THE MARKET---DON'T CHASE IT..

Matthews Investors and Mint Hill Investors

Here's an opportunity to start your own investments.

These 2 homes offer the potential for growth and your own Real Estate Investments.

www.323Amir.com

323 Amir 001

How about this home, great for 1st time home buyer or Investor.

www.7216Rockwood.com

7216 Rockwood Forest

Rich Ferretti, your Matthews Home and Mint Hill Real Estate Home Specialit

Contact Rich today at 704-564-0807, email, text anytime.

Set the Market--don't chase it...

Mint Hill NC Home and Real Estate

Mint Hill NC, what a great place to call home....and if you're looking for a great Mint Hill Home you have got to check out this house.

www.12809HiddenHills.com

FPO41006_030_resampled

Rich Ferretti, your Matthews Homes and Mint Hill Home specialist..

Rich Ferretti has been helping people home for over 20 years and delivers a passion to help you attain YOUR GOAL...

Set the Market, dont' chase it....

Mint Hill Homes and Mortgage Update

July 22, 2009-The weekly average rate borrowers were quoted on Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.31%, up from 5.26% the week prior, according to the Zillow Mortgage Rate Monitor, compiled by real estate website Zillow.com. Meanwhile, rates for 15-year fixed mortgages rose to 4.69% from 4.65%, and 5-1 adjustable rate mortgages also rose to 4.31%, down from 4.30% the week prior.

Average Rate Average Rate
Mortgage Type Week ending 7/19/09 Week ending 7/12/09 % Change

30-year fixed 5.31% 5.26% 1.0%
15-year fixed 4.69% 4.65% 0.9%
5-1 ARM 4.31% 4.30% 0.2%

Thirty-year fixed mortgage rates varied by state. Minnesota mortgage rates and Maryland mortgage rates increased the most, from 5.32% to 5.40% in Minnesota and from 5.33% to 5.40% in Maryland. Illinois mortgage rates (5.41%), Minnesota mortgage rates (5.40%) and Maryland mortgage rates (5.40%) were the highest in the country, while Georgia mortgage rates (5.22%) were the lowest.

For more information call Rich Ferretti at 704-564-0807.

Rich Ferretti your Matthews NC homes and Mint Hill Homes real estate specialist.

Mint Hill Real Estate Update

The federal tax credit for first-time home buyers is now half way to its Dec. 1, 2009, expiration date, and it seems fair to ask just how much it is helping real estate markets. “First, buyers are generally aware of the fact that there is a tax credit available. However, a majority of them understand only a few, if any, of the program’s details.

The tax credit has a stimulative impact, but the effect is primarily psychological. Buyers want to get the benefit of the tax credit, and that encourages them to act, but the tax credit doesn’t have much impact on how much first-time buyers can afford to pay for a home.

The tax credit was a key part of the economic stimulus package approved by Congress and signed by President Obama in February. Designed to encourage home purchases, it can be worth as much as $8,000 in reduced taxes or added income.

For more information, call Rich Ferretti today at 704-564-0806.

Rich Ferretti your Matthews homes and Mint Hill Homes specialist.

Sunday, July 19, 2009

Matthews - Mint Hill Real Estate

10 Benefits of Buying By the End Of The Year

It is July already, and that means we are already in the second half of 2009! It is hard to believe, but before long we will be celebrating a new year.

If home-buying is on your agenda before the end of 09, then you should be aware that in addition to low interest rates, there are other benefits to buying at the end of the year, including:

Motivated Sellers. Many sellers will also be eager to sell by the end of the year. They too want to take advantage of tax write-offs and move-in before the New Year begins. This means you may have more leverage during negotiations. Since we are in a buyer’s market, this could work doubly to your advantage.

Significant Tax savings. If you close on your new home by Dec. 31, 2009, you can deduct your mortgage interest, property taxes and points on your loan on your 2009 income tax return. You can also deduct the interest costs associated with a home equity loan. These deductions can be significant, especially in the early in your loan when you are paying off so much interest.
‘Tis theSeason. It is common for homes to go off the market around the holidays since many sellers won’t want to move at that time. So October and November are great months to go house hunting, and you will find more motivated sellers then too!

Extra Builder Incentives. If you're buying a new house, you can cash in on builder incentives. Many builders include upgrades to sell as many houses as they can by the end of the year—especially in our current market.
Easier Move. The Charlotte weather is great year-round, so you don’t have to worry about hauling all your belongings through a snow-storm! However, being aware of how the seasons can affect moving is important. For example, many moving companies are booked six or so weeks in advance during the busy summer months. So here in Charlotte the fall and winter are easier to secure a moving company on shorter notice.
Home for the Holidays. Everyone yearns to be home with family and friends at the holidays!

Also, you'll enjoy the many homeownership benefits, regardless of what time of year you buy, including:

Paying for something you own. If you're renting, your rent payment goes toward something that will last you only a month. When you buy a house, your monthly payment goes toward something you own.
Consistent payments. Once you secure a fixed-rate mortgage, you can rely on consistent payments.
Because Purple is your Favorite Color. When you own your house, you can update your kitchen, paint your home's exterior in any color you choose…not to mention additions, landscaping, fixture changes and hanging things on the walls!

Equity.
As you pay more and more towards your mortgage, you will gradually pay off your principal, meaning you build up equity in your home—an investment in your future!

Call or email me today so I can help you plan for your future.

All the Best

Rich Ferretti

Your Matthews Home and Mint Hill Homes Real Estate Specialist!!!

Mint Hill NC Homes for the Investors

Mint Hill Homes for the Investor

Have you ever considered owning an investment property? How about building wealth with this type of investment?

Mint Hill and the surrounding area offers a great opportunity to do just that.

Not sure if being a landlord is right for you? Not sure how to start? These are some of the questions I get everyday.

Let’s meet for coffee and let me explain the process and what is involved.

Remember, real estate is something you can touch, control and own and has always been a great investment. Unlike the stock market……

Visit my web site www.MintHillRealty.com or www.RichFerretti.com

Both sites are loaded with info.

Don't forget to ask for our "Hot List" of properties.

Rich Ferretti Broker NC/SC
704-564-0807

Saturday, July 18, 2009

Matthews Homes

Matthews Homes.

Looking for a great opportunity to live in a Matthews NC Home? I’ve got it for you.

Have you checked out the Greylock Subdivison on John St in Matthews? If you’re looking for a well built home, located close to I485 and close to downtown Matthews NC, here it is.

Custom features, like granite counter, stainless appliances, extensive hardwoods and so much more, Greylock has it.

There are many floor plans to choose from.

Call me today, let’s go look at Matthews homes in Greylock.

Matthews Homes and Mint Hill Homes

Mint Hill NC – What a great place to call home.

Ever wonder why people call Mint Hill home? Ever wonder why people call Matthews NC Home?

I get this question all the time. Rich, you live in Mint Hill, right? Yes I do!

I tell everyone I call Mint Hill home because it’s where Mayberry meets the 21st century. Small town feel and appearance yet progressive enough that you don’t feel isolated.

Mint Hill is only a few minutes away all the shopping and restaurants you will ever need.

Call me today and find out why I call Mint Hill home.

Want more info, check out www.MintHillRealty.com or www.RichFerretti.com both are great places to search for you piece of heaven.

Rich Ferretti-Your Matthews Homes and Mint Hill Homes specialist.

Matthews and Mint Hill Homes Value

Contact Me

Please fill out this form then click the send button. I will respond to you by e-mail or phone, whichever you indicate as your preference, as soon as possible

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Please e-mail this newsletter to me each month.

Ever wonder why I call Mint Hill home? Call or email me today.

www.MintHillRealty.com

Friday, July 17, 2009

Mint Hill Real Estate Facts

Land Area -  25 square miles
Form of City Government -  Council-Mayor & Manager
Annual Budget -   $9,900,000
Tax Rate -    $.275 per $100 valuation
Mint Hill Police Department - 38 police personnel    
Mint Hill Volunteer Fire Dept.
            Dept of Insurance rating 5
            5 full-time employees
            30 part-time employees
            70 volunteers
Mint Hill Post Office

QUALITY OF LIFE
Churches
            20
Schools
            2 High Schools
            2 Middle Schools
            4 Elementary Schools
            1 Charter School: Elem/Middle
            1 Day Care Facility
Recreation
            2 Public Parks
            1 Sports Complex
            1 Private Country Club
            1 Golf Course
            Athletic Association
Medical
            3 Medical/Dental Parks
Cultural
            Historic Village & Society
            Arts & Science Committee
            Public Library
            6 Festivals
Communication
            Weekly Newspaper
            Monthly Magazine
Civic Organizations:
Earth Echoes Children's World Museum
Earp-Williams VFW # 4059
Eastern Star Mint Hill Chapter #353
Kiwanis Club of Mint Hill
Mint Hill Arts
Mint Hill Athletic Association
Mint Hill Heartbeat Women's Business Connection
Mint Hill Historical Society
Mint Hill Scottish Society
Mint Hill Lions Club
Masonic Lodge #742
Mint Hill Women's Club
Rotary Club of Mint Hill
Matthews-Mint Hill Optimist Club

MINT HILL TO CHARLOTTE
Miles from Center City
            11.5
Mean Travel Time to Work
            30.8 minutes
Miles to Charlotte Douglas International Airport      19
Interstate Access
            5 Exits to I-485
            14 Miles to I-77
            15 Miles to I-85

Click here for map of Mint Hill

Want to know Mint Hill Property values or what homes are available in Mint Hill, how about Mint Hill Homes or Mint Hill Real Estate, go to www.MintHillRealty.com or call me today. I'm always here to help.

Mint Hill NC and the Chamber of Commerce

Credibility: You and Your Chamber

You’ve become a Chamber Member….a very smart business move, especially in today’s economy. To get the most out of your membership, it’s important that you attend Chamber events because people want to do business with people they know and find credible.

So how can you build credibility, and what will that do for your business?

After you’ve attended a Mint Hill Chamber event and met people whose contact could be mutually beneficial, it’s important to follow up with them. A great first step is a quick phone call or email just to let them know it was a pleasure meeting them and to remind them of who you are. This should be done within 24 to 48 hours.

If you’ve promised to share information or a contact, include it in the email. If for some reason you’re not able to send it as quickly as you’d anticipated, send a note explaining the delay. Then forward the information as soon after as possible, with a polite note.

One of the surest ways to lose credibility in another’s eyes is to promise something and fail to deliver.

Don’t be hesitant to contact the people you’ve met to set up a meeting. Most people are interested in mutually beneficial contacts as much as you are.

An important point to remember is that the first meeting is really to find out more about each other’s business. It’s not a sales call, unless there has been prior discussion about one of your products or services and the meeting was set for the express purpose of presentation. If, after exploring each other’s business, you discover a way in which you may be able to work together or help them, think about setting another meeting to discuss it, unless there is tacit agreement between both of you that you should move to a sales-oriented discussion.

Finally, always have a positive attitude and never speak negatively about competitors, members or people you may know. It could come back to haunt you. I recently read a story online about a salesman who spoke scathingly about his competition…to his competitor’s best friend. Think he landed the sale? You guessed correctly! To this day, that moment singes his memory.

The more people get to know you as a positive person who follows through on commitments, the more it will build your credibility, reputation and business.

Next Time: Moving from Credibility to Action Steps

For more information on networking, or business coaching, call (704-564-0807) or email Rich Ferretti at rich@richferretti.com.

Remember, it’s our Chamber, let’s make the most of the experience.

Best regards,

Rich Ferretti

Want more information on Mint Hill and Mint Hill Home or Mint Hill Real Estate, go to www.MintHillRealty.com or Call Rich Ferretti today.

JUST LISTED: 1039 Counselors Drive

























GREAT DEAL!

Pre-Foreclosure Home: Approved for Short Sale
Listed at: $159,000


Just Listed: 1039 Counselors Drive in Monroe, NC. MLS # 872975.

This 3 bedroom, 2.5 bath home is located on a cul-de-sac and features a large bonus room. The open floor plan has a fireplace and has french doors leading to a patio and large backyard

Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out http://www.minthillrealty.com/

Thursday, July 16, 2009

Matthews Homes and Matthews Real Estate

Mattews Homes has always been a great place to live. Ever wonder what Matthews Real Estate costs, well wonder no more.

Rich Ferretti is your Matthews Homes specialist.

Rich focuses mainly on Mint Hill homes and Matthews homes.

Call or email me today and find out why I call this area home.

Rich Ferretti, your Matthews and Mint Hill real estate specialist.

704-564-0807

Mint Hill Homes for sale

Wondering what homes are going for in Mint Hill NC? Well you've come to the right location.

Hi, I'm Rich Ferretti, your Mint Hill Real Estate specialist.

Call, email or text me your address and I'll be glad to send you a market analysis, no strings attached.

You can also go to MintHillRealty.com and view all the available properties in Mint HIll.

Mint Hill NC, where Mayberry meets the 21st century.

Contact Rich Ferretti, your Mint Hill Home specialist.

www.RichFerretti.com

Real Estate and Social Networking

Social networking sites are a great way to nurture your professional network. For business professionals, the most popular are Facebook and LinkedIn. These tools greatly facilitate your ability to meet people, exchange information on a consistent basis, build relationships and position yourself as an industry expert.

Getting started is easy. On Facebook, you simply fill out a profile and upload a picture. LinkedIn is similar in that you fill out a profile and upload a photo, but because it is mostly business oriented, users typically include a synopsis of their resume.

Facebook is largely used as a way to notify a group of people about something you want to promote. Users do this by creating postings, uploading photos and sharing links and videos. With over 200 million members worldwide, Facebook truly is a global market. And it’s not just people who have profiles and networks. Places, products, companies, services, stores, restaurants, etc., also have profiles and networks. For example, Starbucks Coffee Company has a profile and a network with 3,385,090 fans; Lamborghini has 807,270 fans.

LinkedIn is an interconnected network of experienced professionals from around the world, representing 170 industries and 200 countries. You can find, be introduced to, and collaborate with professionals who you need to work with to accomplish your goals. LinkedIn also has some proprietary business tools. Polls is a market research tool that allows you to collect data from your connections on LinkedIn. Results to your research questions can be broken down by company size, job function, age and gender.

The easiest way to extend your professional network is to establish or join a network based on your business or industry category. Also, both Facebook and LinkedIn allow users to upload contacts from Outlook automatically, as well as contacts from web mail accounts such as Hotmail and Gmail. Users can immediately identify which friends and associates are members of the network.

For more info contact Rich Ferretti at Mint Hill Realty or email Rich@richferretti.com

Monday, July 13, 2009

Mint Hill Real Estate and Mortgage Update

Reshaping Fannie and Freddie

Congress took its first step last month on a mission that could totally reshape the American mortgage market.

A House financial services subcommittee held the first hearing on what to do with Fannie Mae and Freddie Mac -- the failed, trillion-dollar mortgage giants that are now operating under direct federal control.

The ultimate answers are likely to determine the types of loans and interest rates that home buyers will have in the future. That's because Fannie and Freddie have dominated the real estate market for decades, writing the rulebook on everything from loan sizes, credit requirements, downpayments and underwriting standards.

Among the idea floated at last week's Capitol Hill hearing were a "utility" concept, where Fannie and Freddie might be merged into a single, privately-owned, federally-regulated superstore for mortgage money.

The model would be along the lines of the water, power and sewage utilities we see all over the country, but there'd just be one mega-utility to fund mortgages. The utility concept was first proposed last year by former Treasury Secretary Hank Paulson. The Obama Administration has not spoken out publicly on it yet.

Another idea floated at the hearing was to broaden the mortgage menus of whatever agency or agencies replace Fannie and Freddie to include types of mortgages they currently can't touch -- especially jumbo home loans and commercial real estate mortgages.

Frances Martinez Myers, representing the National Association of Realtors, said jumbos and commercial real estate loans are suffering in the credit crunch and need more support. Commercial and investment property owners in particular, said Myers, find themselves unable to refinance because there is neither a private nor public secondary market for their loans at the moment.

The Mortgage Bankers Association came to the hearing with a white paper listing various alternative futures for Fannie and Freddie, including turning them into a government-owned version of the FHA and Ginnie Mae, but targeted on conventional mortgages.

Without endorsing any particular alternative, the MBA also suggested consideration be given to a private "cooperative" model, in which banks and other mortgage industry players would pool their assets and provide secondary market services in addition to mortgage originations.

Under this scenario, the federal government would provide back-up insurance against "catastrophic losses" that exceed the private cooperative's capital and pledged assets.

Where's the debate over Fannie and Freddie headed? Look for Congress to hold more exploratory hearings this year. Then, maybe as early as next year if the recession is over and the market is healthier , the Obama administration might begin drafting its preferred solution - which almost certainly will not involve total privatization.
Written by Kenneth R. Harney


Wondering What Your Home Is Worth? -- Let me show you.

Going Green in Mint Hill NC

Going Green May Help Sell Your Home

It's becoming the buzz word in housing -- "green" homes are what many buyers are interested in these days. According to the National Association of Home Builders (NAHB), as much as 90 percent of home buyers think that energy efficiency is a very important factor when shopping for a home. These same buyers are also very interested in environment-friendly features including having housing close to parks, public transportation, and well-designed neighborhoods with sidewalks.

The National Association of Home Builders Remodelers (NAHBR) -- a council of NAHB -- says that most homeowners choose green remodeling projects to help conserve energy. NAHBR recommends the following top ways to increase energy efficiency.

  • Install appropriate insulation in area to be remodeled.
  • Install high-efficiency windows instead of those that minimally meet the energy code.
  • Seal all exterior penetrations in areas being remodeled.
  • Purchase only Energy Star®-rated appliances.
  • Install only low-flow water fixtures.
  • Upgrade to at least an Energy Star®-rated water heater, or better yet, a tankless water heater.
  • Purchase the highest efficiency HVAC system you can afford and make sure it is correctly sized for the area you want to condition.

    But going green can seem like a huge challenge. There are so many products and things to consider. And if you're selling your home you may wonder if going green is going to give you more or less green in your bank account. NAHBR says that "72 percent of consumers report energy-efficient features in a home would influence their purchase decision." The council also adds that "61 percent of consumers would spend more than $5,000 upfront to save on utility costs." And, consider this, there are approximately 125 million single-family homes in the U.S. but most were built before energy-efficiency developments, which means if your home has newly renovated green remodeling, it can be a buyer's dream. Featuring your green renovations when you list your home for sale could give you that added value and unique market advantage.

    How to get started. Deciding to make your home green doesn't have to be overwhelming nor do you have to make the entire house eco-friendly. Try things like installing energy-efficient lighting such as compact fluorescents. Also, change out any old appliances that are using up lots of energy.

    Once you've done this, compare your utility bills so that you can show the reduction to your real estate agent. Your agent can then point out the energy-savings to potential buyers. With utility bills on the rise, any savings can be a major influence on buyers. If they see that similar homes cost more to operate than yours, you will at the very least grab their attention.

    Get rid of energy-hog appliances. Sometimes homeowners don't want to replace an appliance because they are selling their home, but replacing an energy-hog appliance can be a cost-effective way to increase the value of your home. Energy Star-certified appliances use less energy and are more efficient to operate. Many of these appliances are 10 percent to 50 percent more efficient than standard models.

    Don't forget to sell what you can't see. Insulation isn't something homeowners often think to promote, but, if your home is well insulated, it can be a big selling point.

    Make it a healthy home. Going green isn't just about saving money; it's also about preserving the earth and our lives. Many people suffer from allergies, asthma, and chemical sensitivities. For instance, if you have placed pollen screens on your home, be sure to promote that feature. It will likely be considered an added bonus.
    Written by Phoebe Chongchua


    Wondering What Your Home Is Worth? -- Let me show you.
  • Mint Hill Real Estate update

    Campaign To Extend and Expand Housing Tax Credit

    A campaign to extend and expand the housing tax credit officially got underway on Capitol Hill last month.

    Bills have now been introduced in both the Senate and the House to open up the credit, to all buyers, keep it on the books through next year, and get rid of the current income limitations.

    On the House side, two Texas congressional representatives - one a Democrat, the other a Republican - have filed bills calling for a broadening of the first-time buyer credit to cover all home purchasers in the coming year, whether they already own houses or not.

    Democratic Congresswoman Eddie Bernice Johnson of Dallas wants to extend the November 30 expiration date for the credit through the end of 2010. Her bill would also remove the income limits of the current program, which start phasing down the amount of the credit at $75,000 for singles and $150,000 for married couples.

    Johnson's Republican colleague from the Dallas-Ft. Worth area, Kenny Marchant, also introduced a bill that would open up the credit to all buyers, without income limits, but only through June of next year.

    But Congressman Marchant's bill adds a whole new element to the mix - a $3,000 tax credit for people who refinance their home loans. Why? Marchant says the idea is to encourage more people to “take advantage of (today's) low mortgage rates,” or to use the money to build equity in their homes “if they're a little underwater.”

    In the Senate, Georgia Republican Johnny Isakson introduced a bill last week that would nearly double the maximum credit to $15,000, open to anyone who buys a house, regardless of income.

    Isakson, who's a former realty company executive, has pushed for a $15,000 credit before - most recently during debate over the national economic stimulus package last February. Congress didn't buy it.

    Meanwhile, the influential “Business Roundtable” lobby group, which represents some of the largest corporations in the country, urged Congress last week to broaden the credit to $15,000 -- along the lines suggested by Isakson.

    So with the big push for a larger and longer tax credit getting underway, should potential home buyers assume these efforts are going to be successful and worth postponing a purchase?

    Probably not.

    None of the bills is likely to get much attention from the tax committees in the House or Senate until the Fall - maybe a month or two before the November 30 expiration date for the first-time buyer credit.

    Although a short-term extension of the $8,000 credit is a distinct possibility, opening up the program to all buyers will be an uphill battle.
    Written by Kenneth R. Harney


    Wondering What Your Home Is Worth? -- Let me show you.

    Thursday, July 9, 2009

    Charlotte Home Sales Improving


    Source: Charlotte Observer - Latest home sales news … some improvement, By Stella Hopkins July 9, 2009


    There is good news in the Charlotte real estate market: In June, he Charlotte-area home sales and prices showed some decent improvement.

    In the Charlotte region last month, there were 2,024 houses, townhouses and condos sold, down just a bit less than 26 percent compared with June of 2008, (Charlotte Regional Realtor Assoc.) That was the smallest percentage decline since March of 2008.

    June was also the first month since September 2008 with more than 2,000 closings.

    The Charlotte area saw its highest average home sales price since August 2008 ($218,728), for MLS transactions. Another good sign: last month's saw the smallest annual decrease since October 2007 in pending sales of 18 percent. (Pending sales are houses under contract but not yet closed). Good news for future sales in Charlotte.

    Things are looking up!

    Rich Ferretti
    Mint Hill & Matthews Realty


    Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
    Check out http://www.minthillrealty.com/

    Wednesday, July 8, 2009

    10 Benefits of Buying By the End Of The Year

    10 Benefits of Buying By the End Of The Year

    It is July already, and that means we are already in the second half of 2009! It is hard to believe, but before long we will be celebrating a new year.

    If home-buying is on your agenda before the end of 09, then you should be aware that in addition to low interest rates, there are other benefits to buying at the end of the year, including:

    Motivated Sellers. Many sellers will also be eager to sell by the end of the year. They too want to take advantage of tax write-offs and move-in before the New Year begins. This means you may have more leverage during negotiations. Since we are in a buyer’s market, this could work doubly to your advantage.

    Significant Tax savings. If you close on your new home by Dec. 31, 2009, you can deduct your mortgage interest, property taxes and points on your loan on your 2009 income tax return. You can also deduct the interest costs associated with a home equity loan. These deductions can be significant, especially in the early in your loan when you are paying off so much interest.
    ‘Tis theSeason. It is common for homes to go off the market around the holidays since many sellers won’t want to move at that time. So October and November are great months to go house hunting, and you will find more motivated sellers then too!

    Extra Builder Incentives. If you're buying a new house, you can cash in on builder incentives. Many builders include upgrades to sell as many houses as they can by the end of the year—especially in our current market.
    Easier Move. The Charlotte weather is great year-round, so you don’t have to worry about hauling all your belongings through a snow-storm! However, being aware of how the seasons can affect moving is important. For example, many moving companies are booked six or so weeks in advance during the busy summer months. So here in Charlotte the fall and winter are easier to secure a moving company on shorter notice.
    Home for the Holidays. Everyone yearns to be home with family and friends at the holidays!

    Also, you'll enjoy the many homeownership benefits, regardless of what time of year you buy, including:

    Paying for something you own. If you're renting, your rent payment goes toward something that will last you only a month. When you buy a house, your monthly payment goes toward something you own.
    Consistent payments. Once you secure a fixed-rate mortgage, you can rely on consistent payments.
    Because Purple is your Favorite Color. When you own your house, you can update your kitchen, paint your home's exterior in any color you choose…not to mention additions, landscaping, fixture changes and hanging things on the walls!

    Equity.
    As you pay more and more towards your mortgage, you will gradually pay off your principal, meaning you build up equity in your home—an investment in your future!

    Need more info call your Mint Hill homes and Charlotte Real estate specialist.

    Rich Ferretti

    Monday, July 6, 2009

    July Local Market Update from Rich Ferretti

    Charlotte's real estate market is still defying national trends. With over 1900 closing reported for the month of May and the number of active listings up by over a 1000 listings from April, the Charlotte area market is showing an upswing--and doing so despite the under-performance of similar-sizes US cities.

    Charlotte has also become the 18th-largest city in the country during the year ending July 1, 2008, according to the U.S. Census Bureau. Our beautiful Queen City had 687,456 residents, up 2.7 percent from 669,205 the previous year. The growth is strong and steady, and Charlotte is now ranked the 23rd fastest-growing city in the United States.

    Need help finding your dream home? Just tell me what you are looking for and I will search all of our sources and provide you with a convenient report of all the properties that you may be interested in, complete with photographs of the properties and detailed neighborhood information. Now IS the time to BUY!!

    If you would like to know the current value of your home, your potential net proceeds, and the benefits of buying or selling now, please contact me. If you have any friends or family that could benefit from my assistance, definitely give me a call.

    Below are the highlights of our area's monthly statistics.

    April 6 - May 5, 2009
    Contracts Reported 2269
    Closings 1773 Avg.
    Avg. Listing Price $228,550
    Avg. Closing Price $201,352
    Avg. Days for List to Close 150.6
    Total Active Listings 28,275

    May 6 - June 5, 2009
    Contracts Reported 2360
    Closings 1912 Avg.
    Listing Price $223,470
    Avg. Closing Price $199,243
    Avg. Days for List to Close 144.5
    Total Active Listings 28,657


    If you would like a Market Analysis on your property to see how the value has changed, please let me know. You can also sign up for the Market Snapshot report on my website. The report will be emailed to you monthly to ensure you are knowledgeable about the activity in your neighborhood. Just go to http://www.richferretti.com./ and fill in your information within the Market Snapshot box on the right hand side of the page, then click the Next button. You can also search for any properties in the MLS from my website.

    Whether you're buying a new home in Charlotte, investing in property or selling a house, feel free to contact me, and I will be happy to help you with all of your real estate needs.

    Helping People Home for Over 20 Years!

    Rich Ferretti
    Realtor/Broker NC/SC
    Charlotte, North Carolina
    704-564-0807 Direct
    http://www.richferretti.com/
    Rich@RichFerretti.com


    Would you like more information about the Mint Hill, Matthews and Charlotte area real estate market?

    Check out http://www.minthillrealty.com/

    Friday, July 3, 2009

    Just Listed: 1134 Jade Glen Drive, Charlotte, NC


    Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
    Check out http://www.minthillrealty.com/

    Wednesday, July 1, 2009

    Mint Hill Relocation Specialist

    July's update is ready so sit back and enjoy... things are looking up.

    Courtesy Of:

    Rich Ferretti
    July 2009
    Go To Page 1

    Helping clients for over 20 years!

    Copyright 2009 Realty Times
    All Rights Reserved.

    Housing Starts Are Up Again
    By Kenneth R. Harney

     

          The most bearish of Wall Street economic analysts have made the same point for the past 18 months. There's no recovery or rebound in the housing market, they said, until home builders start building again.

          "Show us positive numbers on new home starts for a few months," they say, "and then we will we agree that the housing market has finally turned around."

          Hey there bears, here are the numbers you asked for: The end of last month, the Commerce Department reported an unexpectedly large increase in new single family home starts during May - up by seven and a half percent.

          That was the third consecutive monthly gain in single family starts. Total starts, including multifamily apartment starts and condos, were up by 17 and a half percent/

          Not only were starts up a lot, but so were other key indicators of future home building activity: single family permits, which surged by about 8 percent. That was the second straight monthly gain in permits - and points to at least moderately higher starts in the coming six months to a year.

          On top of the good news about new construction, which has clearly been the weakest segment of the housing market since 2007, we also got some other positive reports last week.

          Consumer confidence, which is extremely important


    for home buying, was up again for the fourth consecutive month, according to the University of Michigan's consumer sentiment survey.

          Even retail sales were up slightly -- and that's an important sign that people are slowly coming out of the shell they've been in since last Fall, and are now starting to spend money again.

          The latest inflation readings -- both the Consumer Price Index and the Producer Price Index -- were down slightly in May. Despite rising gas price, a dollar bought a little more in goods and services last month than the month before. That's good.

          The National Association of Home Builders now projects that the current recession will end in the second half of 2009, with a one point five percent growth rate in the overall economy between July and December.

          Finally, mortgage rates took a slight dip after several weeks of increases. Fixed thirty year rates averaged about 5.5 percent last week, according to the Mortgage Bankers Association, after climbing to 5.6 percent the previous week.

          Many lenders had actually been quoting much higher rates - all the way to 6 percent - because of inflation fears in the bond market.

          We've definitely got to keep our eye on mortgage rates, but otherwise the rebound appears to be underway.

     


    Equal Housing
    Opportunity

    Rich Ferretti, Broker/Realtor
    704-564-0807
    rich@richferretti.com
    http://www.richferretti.com

    Jamison Realty
    704-564-0807
    500 W. John Street
    Matthews, NC 28105

    Mint Hill Realty Specialist!

    July Real Estate Update

    Rates Ticking Up

    In Freddie Mac's results of its Primary Mortgage Market Survey the 30-year fixed-rate mortgage averaged 5.42 percent for the week ending June 25, 2009, up from the previous week when it averaged 5.38 percent.

    Last year at this time, the 30-year fixed-rate mortgage averaged 6.45 percent. "Mixed economic reports on the state of the housing market helped hold mortgage rates fairly flat," said Frank Nothaft, Freddie Mac vice president and chief economist. Existing home sales rose for the second consecutive month in May by 2.4 percent, slightly less than the market consensus forecast.

    Mortgage Rates

    Source: Realty Times



    U.S. averages as of June 25, 2009:

    30 yr. fixed: 5.42%
    15 yr. fixed: 4.87%
    1 yr. adj: 5.27%


    Responding to Appraisals That Miss The Mark


    What can be done if a home appraisal comes in dramatically lower than the agreed-upon sale price?

    Lenders will consider an appeal, but sellers must provide them with evidence. Start by examining the appraisal carefully for errors. If the appraiser missed one of the bathrooms, miscalculated the square footage, or didn’t note the garage, the seller has grounds for an appeal. Furthermore, look at the comparables: Is the home used as a comparison in a different and more challenged school district? Is the comparable next door to something undesirable?

    If possible, pull some more realistic comps.

    Existing-Home Sales Continue to Rise

    Existing-home sales – including single-family, townhomes, condominiums and co-ops – rose 2.4 percent to a seasonally adjusted annual rate of 4.77 million units in May from a downwardly revised level of 4.66 million units in April. Sales remained 3.6 percent below the 4.95 million-unit pace in May 2008.

    Lawrence Yun, NAR chief economist, expected an improvement in sales. "Historically low mortgage interest rates clearly drew buyers into the market, and housing remains very affordable even with a recent uptick in rates," Yun says. "First-time buyers also are being drawn off the sidelines by the $8,000 tax credit, which is helping to absorb inventory. "



    How To Find Cash In a Second Home

    Second homes are a tougher sell during an economic slump when people are reluctant to buy first homes. Owners who discover their vacation homes have become a financial burden can find ways to generate income from their properties, say real estate professionals with experience in making second homes pay off.
    Here are some of their suggestions:
    1. An owner can rent out a property for two weeks without paying taxes on the income. If there is an annual cultural activity, like a film festival, it can provide a good opportunity to make significant money.
    2. Concentrate on renting properties profitably. An effective do-it-yourself Internet rental campaign can cost less than $500 and yield thousands in return. One option is to put an ad on VRBO.com which is the Web site for Vacation Rentals by Owner.
    3. Donate a week or two stay at your vacation home to charity and then take a tax deduction for the gift. VacationHomesforCharity.com will help identify the right value.
    4. Donate the whole property to charity. The owner can maintain a life estate which is the right to live in the house until death.
    5. Appeal property taxes. Municipalities are recognizing that some assessments are out of whack and will adjust them.


    Equal Housing
    Opportunity

    Rich Ferretti, Broker/Realtor
    704-564-0807
    rich@richferretti.com
    http://www.richferretti.com

    Jamison Realty
    704-564-0807
    500 W. John Street
    Matthews, NC 28105

    July 2009 Real Estate Update
    Copyright © 2009 Realty Times. All Rights Reserved.

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