Wednesday, September 30, 2009

Charlotte – On the Move!

At the turn of the century, Charlotte was still a small town in spite of its favorable central location along the East Coast. But by the 1950s, Charlotte, North Carolina had exploded into the largest city in the Carolinas. Plentiful growth over the past 20 years has made Charlotte one of the southeastern USA's most multi-cultural and vibrant cities. New faces, new attitudes, and new ideas have made Charlotte a happening town, with new opportunities for seasoned and rookie Carolinians. Aggressive businessmen transformed Charlotte into a financial Mecca, with the city developing into a world-class home of finance and transportation. Today, bio-technology and energy are emerging markets, ready to fill the gaps caused by recent economic turn downs in the financial markets.

Charlotte is not a city without challenges and perhaps its greatest challenge is with its own identity. Charlotte remains tied to its roots in the old South, but has diversified, changed, and modernized as it has grown into a 21st century metropolis. North Carolina is one of the country’s leading places for relocation (both people and businesses), and Charlotte has been the a beacon in that movement. While the city still has thousands of locals who can bend your ear with stories and memories of the past, a large population of residents are new to the area, and bring with them new ideas, traditions and histories of their own. As time passes Charlotte's strength will be this diversity, and its people--new and old.

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Monday, September 21, 2009

We just reduced the price 14K--Charlotte home just waiting for a new family

Here's a great home just waiting for your family.


Home shows like a model, full unfinished basement that is plumbed for a 3rd full bath.


How about a Gourmet Kitchen


3 bedrooms plus a loft that could be converted to a 4th bedroom.


Looking for a HUGE Walk in closet....


This home has it all...check out the virtual tour.

Rich Ferretti is offering this great property for ONLY 215K..

Call me today 704-564-0807

Sunday, September 13, 2009

Credit Suisse US Housing Report

The other day (Sept 10, 2009) Credit Suisse released its US Housing Market report. Here are some of the highlights:

Home buying traffic is up slightly with the highest demand levels seen in investor-heavy
markets--meaning those who can make an investment in a second home or additional properties are doing do. The Credit Suisse Survey of Real Estate Agents reported another increase in traffic levels in August, primarily due to buyers taking advantage of the first-time buyer tax credit before it expires at the end of November. This combined with the demand from investors looking for below-market-value foreclosures increased the buyer traffic index up to 44.5, from 43.4 in July.

The first-time buyer tax credit of $8000 helping buyers to get “off the fence”--and the pending expiration of the credit seems to be enticing people to move. There is concern that the demand will wane after the credit has expired, but as markets improve, Credit Suisse expects to see more positive momentum.

The prices are still declining on higher-priced homes, but low end priced homes are stabilizing. Prices appear to have bottomed for those homes at the low end and those foreclosed and prices seem to be rising overall in the past 30 days in the Inland Empire, Los Angeles, and Washington, D.C., with stable prices in Dallas, Ft. Myers, and near-stable in Phoenix. Agents saw the weakest pricing trends in Atlanta, Austin, Charlotte, and New York.

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Matthews NC Home buys of the week

Matthews Home close to everything and priced right. Perfect for first time home buyer or Investor.

Call me today

323 Amir 001 

How about a great 3 bedroom home, fenced yard and close to Idlewild.

7216 Rockwood Forest

Here's a home that's close to 51 and Johnston road. Perfect 2 bedroom and 2 full bath...priced at $99,000

Front of Home

These are just a few Charlotte Homes available.

Rich Ferretti is your Mint Hill NC homes and Matthews NC Real Estate Specialist.

Call me @ 704 564 0807

Mint Hill NC Madness

Are you ready for some football???/ I mean Madness????

It's almost here.

The festivities kick off Friday night September 25th.

The real party starts Saturday morning Sept 26 with the Mint Hill Lions 5K run followed by the Mint Hill parade.

So many people have worked tirelessly putting this together. Sandy Barnett the life blood of the Mint Hill Chamber always keeps things going. Great job Sandy..

Tony Long, Mint Hill Chamber President, has assembled a team of volunteers that are dedicated to making this event the best yet…

Mint Hill Madness starts Friday the 25th thru Sunday September 27th.

Come join us for good food, fun and a great time. Bring the whole family but leave the dog at home…

Stop by and say hello.

Thanks for stopping by

Mint Hill NC Specialist

It's finally many people have asked how can I get your newsletter, well it's finished and ready for you to read and send to your friends and family.

You can sign up to make sure you don't miss an issue or if you prefer I can snail mail to you.

Mint Hill continues to grow. Some people refer to Mint Hill NC as the final frontier...I hope not. Don't get me wrong, I'm all for progress but I don't want to see Mint Hill turn into another Pineville.

Call or email me...we'll talk

Go in Peace


Rich Ferretii is your Mint Hill NC Homes specialist.

Monday, September 7, 2009

Charlotte has Sports!

Like most American’s, the citizens of Charlotte are huge sports fans. Professional sports are one of Charlotte's most popular forms of entertainment--and certainly a deal-maker for many newcomers. From stock car racing to football, Charlotte has a full buffet for every family.

Carolina Panthers
Playing Uptown in the Bank of America Stadium Charlotte’s hometown NFL team is surging in popularity and respect. The stadium is beautiful and new and there isn't a bad seat in the place. You haven't enjoyed football, until you have watched the Panthers under the beautiful Carolina blue skies.

Charlotte Bobcats

Charlotte's new NBA team plays from a gorgeous state-of-the-art arena located Uptown, but this under-dog team needs a few good seasons and continued fan growth and strong support of current residents and newcomers alike.

Charlotte Knights
A minor-league baseball team with a stadium in Fort Mill, South Carolina, (the next exit south of Carowinds on 77). The Knights play many home games in the summer, and families from Charlotte, and the South Carolina suburbs of Tega Cay and Fort Mill can all enjoy this quick drive to experience America's favorite past-time.

Charlotte Checkers
Hockey isn’t just for the Canadians any more. Charlotte’s minor-league team is perhaps the best entertainment value in town thanks to super-inexpensive ticket prices and incredible action-packed games.

Charlotte is THE center of stock car racing in the USA with several NASCAR teams calling Charlotte home base. Charlotte hosts 3 NASCAR Sprint Cup races a season, including the All-Star Race and the Coca-Cola 600.

Now this is just a smidge of the sporting events and venues that Charlotte has to offer. This is a city of outdoorsmen, sportswomen, rabid fans, frontline cheering, and plenty of DIY fun. No matter what your entertainment interest, sports fans in Charlotte that you will find something for you.

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Charlotte NC Homes

So how does the Charlotte NC real estate market look these days? Currently Charlotte has a average listing price for homes for sale of $309,793. The MECKLENBURG county average currently is $324,845.

The current number of properties on the market in Charlotte is 9,922. The Charlotte median listing price is $199,900.

For MECKLENBURG county real estate the total listings are 13,356 and a median listing price of $223,585. This comparss to North Carolina real estate data, which this week shows a total number of listing properties as 100,724 with a median listing price of $224,900. To see a breakdown of Charlotte call or email me.

Rich is your Mint Hill Real Estate and Matthews NC homes specialist. Find out why Mint Hill NC should be your number one choice to call home.

Mint Hill, my kind of town.

Sunday, September 6, 2009

Mint Hill Real Estate and Mint Hill Homes

If you are considering buying a house to take advantage of first-time home buyer tax credits, the credit is available to any taxpayer who has not owned another principal residence at any time during the three years prior to the date of purchase to deduct the lesser of $8,000 or 10% of the purchasing price of their home if they purchase before Dec. 1, 2009. To be sure that a home sale is closed in plenty of time to be eligible, prospective buyers should be finalizing their selections and making offers in the next few weeks, but don't let the time crunch stop you from doing your due diligence and getting an inspection done.
An inspection insures agains unpleasant surprises and unexpected repairs. No matter if a home is a new build, foreclosure, or seemingly well-maintained older home, there could be small--or big issues that you would want to address before finanlizing the sale.
A standard home inspector’s report will cover:
--> The heating system
--> Central air conditioning system
--> Interior plumbing and electrical systems
--> The roof, attic and visible insulation
--> Walls
--> Ceilings
--> Floors
--> Windows and doors
--> The foundation, basement and structural components.
Buyers often request to have their offer be contingent on the findings of a home inspection, and have it stated in the contract. In some cases, home buyers also may be able to renegotiate their offers because of the results of the home inspection.

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Rich is your Mint Hill NC homes and Mint Hill Real Estate Property specialist.

Don't wait, call or email to find out why Mint Hill NC Homes is where it's at..

Posted By Rich Ferretti Charlotte NC to Mint Hill Homes: Charlotte NC Area Real Estate at 8/15/2009 09:30:00 PM

Saturday, September 5, 2009

Buying a Foreclosure

If you are considering the purchase of a foreclosed property, down payment and closing cost assistance is available to those who meet eligibility requirements.

The 5-year, 0% percent interest deferred loans are currently up to as much $14,900. The loans may be forgiven at 20 percent per year for each full year you own and live in the property. At the end of 60 months (or at the time of sale, refinance, or non-owner occupancy), you must be current on the mortgage to qualify for forgiveness of the loan.

The details:
- Borrowers cannot have owned a home within the last three years.
- Income limits for Mecklenburg County start at $55,850 for a 1 person household and go up to $75,000 for a four person household
- Sales price cannot exceed $210,000
- $14,900 is given as a ‘silent second’ (no interest accrues, no payments made)
- The funds can be used for down payment / closing costs
- The loan is forgiven after five years of the homeowner occupying the home as their primary residence
- 8 hours of classroom home buyer counseling from a HUD-approved housing counselor are required

Details can be found here:

If you have any questions, or have a client who you believe may qualify, please call or email me. There is a limited amount of money NCHFA has to go towards this program and I want your clients to receive it!

Have a wonderful weekend and call if I may be of assistance at 704-564-0807

Rich Ferretti
Mint Hill Realty

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