Each Month I send out a newsletter about the Real Estate Market to those interested. It includes the current interest rates, a link to my video newsletter, home tips and interesting facts. This is a fun and easy way to learn more about the market and at the bottom it includes a link to email it to a friend. If you know anyone looking at moving to the Matthews, Mint Hill or Charlotte area, please send them my newsletter.
ALSO: We are now LIVE on the Radio every Saturday from 2-3pm on WBT-Talk Radio 1110am. - Talk to me...Rich Ferretti - Feel free to call 704.374.3500 with questions on the market, the Charlotte area, or just to say hi.
Would you like to learn more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out www.minthillrealty.com
Showing posts with label Matthews. Show all posts
Showing posts with label Matthews. Show all posts
Friday, January 15, 2010
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.
Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out www.minthillrealty.com
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.
Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out www.minthillrealty.com
Thursday, May 28, 2009
Matthews and Mint Hill
Looking for a home that combines the idyllic existence of a small town with modern conveniences? Maybe you want to be close to the city, but still have crickets chirping in your backyard? Maybe you should consider the beautiful towns of Matthews or Mint Hill, North Carolina. These two picture-perfect enclaves are a short commute outside of Charlotte, and are consistently popular communities. Matthews and Mint Hill are located on the south eastern outskirts of Charlotte, so you can live the small town lifestyle while enjoying the benefits of a large metropolitan area.
Unlike some modern small towns that feel fabricated or like a movie studio back lot, streets in Matthews exude a small town charm. Located in Mecklenburg County (about 10 miles southeast of bustling downtown Charlotte), beautiful Matthews covers over 17 square miles of choice North Carolina real estate. Matthews is comprised of mainly single family housing on large lots, making it very appealing to young families, retirees and singles. Matthews features a quaint downtown, plenty of quiet and attractive neighborhoods, a variety of churches, synagogues and worship centers, quality schools and daycare and an outstanding hospital and medical facilities. Add in a few great restaurants, some incredible shopping, and you have a complete and comely community. People from all walks of life find that Matthews is the type of town for them. Matthews has about 25,000 citizens, with a spectacular mix of unique characters. Families feel secure in Matthews, with the town having an extremely low crime rate and a highly-effective police presence. Naturalists and outdoorsman will love Matthews, since small parks and nature preserves are plentiful. Civic leaders in Matthews strive to maintain a healthy balance of quality and compatible development, whether it is residential or commercial, making Matthews a thriving community.
Mint Hill, Matthews’ sister town, was incorporated March, 1971 with a population of 2,284. In the last three decades, the town has enjoyed a steady growth to its current population of approximately 18,000. Mint Hill might be slightly smaller then Matthews, but this older town has special qualities that make it beloved by its citizens. The town has a longstanding legacy of community and civic pride, dating as far back to the Mint Hill community’s founding in 1750. People who live in Mint Hill work hard to maintain good connections with their town leaders and neighbors, and civic pride is incredibly high. The devotion of the town to their history and future is evident, as nowhere else in NC will you find such beautifully manicured lawns, pristine homes, and well-maintained streets. Within the historic town are many fine churches, excellent schools, and enriching social organizations. Mint Hill also has some of the state's most marvelous recreational facilities, including private and public golf courses and country clubs. First and foremost a residential community, the business district has shown intensified development in recent years with approximately 285 businesses and professional services available. This delightful town is someplace anyone would find relaxation and respite.
Unlike some modern small towns that feel fabricated or like a movie studio back lot, streets in Matthews exude a small town charm. Located in Mecklenburg County (about 10 miles southeast of bustling downtown Charlotte), beautiful Matthews covers over 17 square miles of choice North Carolina real estate. Matthews is comprised of mainly single family housing on large lots, making it very appealing to young families, retirees and singles. Matthews features a quaint downtown, plenty of quiet and attractive neighborhoods, a variety of churches, synagogues and worship centers, quality schools and daycare and an outstanding hospital and medical facilities. Add in a few great restaurants, some incredible shopping, and you have a complete and comely community. People from all walks of life find that Matthews is the type of town for them. Matthews has about 25,000 citizens, with a spectacular mix of unique characters. Families feel secure in Matthews, with the town having an extremely low crime rate and a highly-effective police presence. Naturalists and outdoorsman will love Matthews, since small parks and nature preserves are plentiful. Civic leaders in Matthews strive to maintain a healthy balance of quality and compatible development, whether it is residential or commercial, making Matthews a thriving community.
Mint Hill, Matthews’ sister town, was incorporated March, 1971 with a population of 2,284. In the last three decades, the town has enjoyed a steady growth to its current population of approximately 18,000. Mint Hill might be slightly smaller then Matthews, but this older town has special qualities that make it beloved by its citizens. The town has a longstanding legacy of community and civic pride, dating as far back to the Mint Hill community’s founding in 1750. People who live in Mint Hill work hard to maintain good connections with their town leaders and neighbors, and civic pride is incredibly high. The devotion of the town to their history and future is evident, as nowhere else in NC will you find such beautifully manicured lawns, pristine homes, and well-maintained streets. Within the historic town are many fine churches, excellent schools, and enriching social organizations. Mint Hill also has some of the state's most marvelous recreational facilities, including private and public golf courses and country clubs. First and foremost a residential community, the business district has shown intensified development in recent years with approximately 285 businesses and professional services available. This delightful town is someplace anyone would find relaxation and respite.
Want more information about the Mint Hill, Matthews and Charlotte area real estate market?
Check out www.minthillrealty.com
Check out www.minthillrealty.com
Tax Credit for First Time Home Buyers
As part of the American Recovery and Reinvestment Act of 2009, a.k.a. the Stimulus Bill or ARRA, first time home owners are now eligible for a tax credit of $8,000. This credit, alongside some fabulous opportunities in the market, makes it an incredibly keen time to buy. Homes in Mint Hill and Matthews are still showing excellent resale value, so buying now when the market is accommodating is a key. The staff of Jamison Realty has spent time looking over the ARRA, and has all the answers for the consumer.
The following list summarizes the eligibility requirements of this credit:
When – Home owners who purchase their house between January 1, 2009 and December 1, 2009 are eligible for the credit.
Who – The law states that the credit is available to first time home buyers. However, the law is a bit more flexible and allows anyone who has not owned a home for three years to qualify. For example, if you sold your home on May 24, 2006, you will have to close on your new home subsequent to May 24, 2009 to qualify. The closing date in this situation would make a significant difference on your wallet. It certainly makes purchasing a home in beautiful Mint Hill, NC a stunning investment!
How – You will receive the tax credit when you file your individual tax return. As part of this filing, you will need to complete Form 5405 which determines the amount of credit you will receive. The credit can be claimed on either your 2008 or 2009 tax return. If you already filed your 2008 tax return, you can amend the return to obtain the credit. And…you can buy up to the end of 2008 and still ask for the amendment. For example, say after months of looking you and your realtor finally find a home in Matthews, NC. By the time you have gone to closing with your new piece of Matthews' real estate, it is nearly Christmas. That is no problem, the ARRA bill provides for that and you can amend your 2009 return and receive the cash back. Or, you simply file it on 2009!
What – Everyone should understand that this is a credit to the tax payer, not a deduction. A tax credit is a dollar for dollar benefit to the tax payer. So a first time home buyer should be $8,000 wealthier as a result of this credit. A deduction merely decreases your taxable income. Furthermore, this tax credit does not have to be repaid to the government like the “credit” available to first time home buyers in 2008. If you have questions, the staff at Jamison Realty can provide the answers.
And - The credit shall be equal to 10% of the purchase price of the home, not to exceed $8,000. Since the median home and condominium price in Charlotte, North Carolina is significantly more than $80,000, most will receive the full $8,000 credit.
Also - Single taxpayers with incomes up to $75,000 and couples with income of up to $150,000 qualify for the full credit.
It's a great time to buy!
Rich Ferretti
The following list summarizes the eligibility requirements of this credit:
When – Home owners who purchase their house between January 1, 2009 and December 1, 2009 are eligible for the credit.
Who – The law states that the credit is available to first time home buyers. However, the law is a bit more flexible and allows anyone who has not owned a home for three years to qualify. For example, if you sold your home on May 24, 2006, you will have to close on your new home subsequent to May 24, 2009 to qualify. The closing date in this situation would make a significant difference on your wallet. It certainly makes purchasing a home in beautiful Mint Hill, NC a stunning investment!
How – You will receive the tax credit when you file your individual tax return. As part of this filing, you will need to complete Form 5405 which determines the amount of credit you will receive. The credit can be claimed on either your 2008 or 2009 tax return. If you already filed your 2008 tax return, you can amend the return to obtain the credit. And…you can buy up to the end of 2008 and still ask for the amendment. For example, say after months of looking you and your realtor finally find a home in Matthews, NC. By the time you have gone to closing with your new piece of Matthews' real estate, it is nearly Christmas. That is no problem, the ARRA bill provides for that and you can amend your 2009 return and receive the cash back. Or, you simply file it on 2009!
What – Everyone should understand that this is a credit to the tax payer, not a deduction. A tax credit is a dollar for dollar benefit to the tax payer. So a first time home buyer should be $8,000 wealthier as a result of this credit. A deduction merely decreases your taxable income. Furthermore, this tax credit does not have to be repaid to the government like the “credit” available to first time home buyers in 2008. If you have questions, the staff at Jamison Realty can provide the answers.
And - The credit shall be equal to 10% of the purchase price of the home, not to exceed $8,000. Since the median home and condominium price in Charlotte, North Carolina is significantly more than $80,000, most will receive the full $8,000 credit.
Also - Single taxpayers with incomes up to $75,000 and couples with income of up to $150,000 qualify for the full credit.
It's a great time to buy!
Rich Ferretti
Want more information about the Charlotte area real estate market? Check out www.minthillrealty,com
Sunday, December 21, 2008
Ten Best Suburbs to Sell a Home
(from a recent Forbes.com article by Matt Woosley)
As we close up the year 2008, the US housing market is undoubtedly under stress, but in some parts of the country, like Matthews, North Carolina, selling a home is still a comparatively easy undertaking.
In Berkeley, California, prices are up 9% this year, with homes selling for a median price of $790,986. These California properties are sitting on the market for 73 days on average, which is low for the country right now. And better yet for our friends in Berkley, only 37% of sellers have been forced to reduce their prices to get their homes sold—one of the lowest rates in the country.
Berkeley is in good company: Venice, California; Bedford, Texas; Kennesaw, Georgia; and Montclair, New Jersey, are all also on the list of suburbs with the best conditions for sellers. The folks at Forbes.com looked at the suburbs in the country's 75 largest (census-defined) metro areas based on the last 90 days of sales activity, (research provided by Altos Research, a Mountain View, California). The study was narrowed to those cities with an inventory of at least 75 homes on the market, and suburbs where it currently takes more than 125 days to sell the average home were also eliminated. Cities like Sacramento, California, and Los Angeles are among the easiest to sell a home, (based on sales data from Radar Logic, a New York real estate research firm), but homes are mainly selling at massive discounts—so they were eliminated from the final list as the “best places to sell a home.” Also eliminated were any other suburb where year-over-year price declines were steeper than 10% and where more than 50% of sellers had to reduce their asking price to sell their home.
All that said, areas like Encinitas, Calif., and Matthews, N.C., where among the locations where homes are staying on the market 100 and 127 days respectively, made the list even though the wait times indicate a buyers' market.
Waltham, Mass., has the second-quickest turnaround of any suburb on the list, with only 79 days average on-market. Waltham, a middle-class suburb west of Boston, has seen 1% price appreciation over the last year, and only 53% of sellers have to reduce their price in order to make a sale. While this does not indicate the strongest of markets, it does put Waltham in a better position than many cities in the US.
Here is the Forbes.com list of the 10 best places to sell your home:
1. Berkeley, CA
2. Bedford, TX
3. Venice, CA
4. Kennesaw, GA
5. Sugarland, TX
6. Midvale, Utah
7. Matthews, NC
8. Encinitas, CA.
9. Waltham Mass.
10. Montclair, NJ
So what does all this mean to you? If you are buying a home in Charlotte, than you can find that there are some great deals out there still—and you can feel comforted by the fact that our property values are holding still or growing despite the economy. You are making a good investment with a property in Charlotte. And if you are a seller, than you are lucky to be in or around Matthews, where you are likely to get close to your asking price…and in an acceptable amount of time!
Are you looking to sell or buy a home in Charlotte, NC? Call Rich Ferretti at 704-564-0807.
As we close up the year 2008, the US housing market is undoubtedly under stress, but in some parts of the country, like Matthews, North Carolina, selling a home is still a comparatively easy undertaking.
In Berkeley, California, prices are up 9% this year, with homes selling for a median price of $790,986. These California properties are sitting on the market for 73 days on average, which is low for the country right now. And better yet for our friends in Berkley, only 37% of sellers have been forced to reduce their prices to get their homes sold—one of the lowest rates in the country.
Berkeley is in good company: Venice, California; Bedford, Texas; Kennesaw, Georgia; and Montclair, New Jersey, are all also on the list of suburbs with the best conditions for sellers. The folks at Forbes.com looked at the suburbs in the country's 75 largest (census-defined) metro areas based on the last 90 days of sales activity, (research provided by Altos Research, a Mountain View, California). The study was narrowed to those cities with an inventory of at least 75 homes on the market, and suburbs where it currently takes more than 125 days to sell the average home were also eliminated. Cities like Sacramento, California, and Los Angeles are among the easiest to sell a home, (based on sales data from Radar Logic, a New York real estate research firm), but homes are mainly selling at massive discounts—so they were eliminated from the final list as the “best places to sell a home.” Also eliminated were any other suburb where year-over-year price declines were steeper than 10% and where more than 50% of sellers had to reduce their asking price to sell their home.
All that said, areas like Encinitas, Calif., and Matthews, N.C., where among the locations where homes are staying on the market 100 and 127 days respectively, made the list even though the wait times indicate a buyers' market.
Waltham, Mass., has the second-quickest turnaround of any suburb on the list, with only 79 days average on-market. Waltham, a middle-class suburb west of Boston, has seen 1% price appreciation over the last year, and only 53% of sellers have to reduce their price in order to make a sale. While this does not indicate the strongest of markets, it does put Waltham in a better position than many cities in the US.
Here is the Forbes.com list of the 10 best places to sell your home:
1. Berkeley, CA
2. Bedford, TX
3. Venice, CA
4. Kennesaw, GA
5. Sugarland, TX
6. Midvale, Utah
7. Matthews, NC
8. Encinitas, CA.
9. Waltham Mass.
10. Montclair, NJ
So what does all this mean to you? If you are buying a home in Charlotte, than you can find that there are some great deals out there still—and you can feel comforted by the fact that our property values are holding still or growing despite the economy. You are making a good investment with a property in Charlotte. And if you are a seller, than you are lucky to be in or around Matthews, where you are likely to get close to your asking price…and in an acceptable amount of time!
Are you looking to sell or buy a home in Charlotte, NC? Call Rich Ferretti at 704-564-0807.
Want more information about the Charlotte area real estate market? Check out www.richferretti.com
Thursday, October 23, 2008
New Charlotte Area Information
We have just added area information to the http://www.richferretti.com/ website. Please check that out and let us know what other areas you would like to see highlighted.
Currently, we have:
Matthews, NC
Charlotte, NC
Ballantyne, NC
Indian Trail, NC
Mint Hill, NC
We will continue to update the RichFerretti.com website with more of the great Charlotte towns and neighborhoods soon!
Currently, we have:
Matthews, NC
Charlotte, NC
Ballantyne, NC
Indian Trail, NC
Mint Hill, NC
We will continue to update the RichFerretti.com website with more of the great Charlotte towns and neighborhoods soon!
Want more information about the Charlotte area real estate market? Check out www.richferretti.com
Subscribe to:
Posts (Atom)
Visit Rich Ferretti on Active Rain
You can find great local Mint Hill, North Carolina real estate information on Localism.com Rich Ferretti is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
Blog Listing
Subscribe To
Posts
All Comments
About Me
.jpg)
- Rich Ferretti Charlotte NC
- Charlotte North Carolina Real Estate Professional. Visit our site www.RichFerretti.com