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Monteray Oaks Subdivision - 353 Monteray Oaks Circle Fort Mill, South Carolina

by Compass Real Estate Group

This beautiful Home for Sale in Huntersville located in Fort Mill, South Carolina has a large covered front porch. Tons of upgrades include hardwood flooring throughout main level, canned lighting, plantation shutters, French doors, archways throughout, surround sound and much more. Large open kitchen with huge island, lots of cabinets and counter space. Open living room with gas fireplace & lots of windows for natural sunlight. 4 bedrooms, 3.5 baths.

 

Lawn Care in the Fall and Winter

by Compass Real Estate Group
fall-lawn-care
 
Cooler weather has arrived and grass growth is minimal, but that doesn’t mean you should take a break from caring for your lawn. Winter lawn maintenance is essential in preparing your yard for beautiful grass in the spring. From December through February, here are some steps you should be taking:
 
Zoysiagrass:
  • Mow overseeded areas when they exceed 1 inch in length, and let grass clippings lay.
  • Water periodically, especially if you overseeded in the fall.
  • Only fertilize overseeded areas. This should be done in December and February.
  • Treat winter weeds as needed with broadleaf herbicides.
Tall Fescue:
  • Mow to maintain a height of 3 inches, removing any clippings or other debris from laying on the grass.
  • Water as necessary. Grass needs around 1 inch of water per week.
  • Fertilize the entire lawn in February.
  • Treat winter weeds as needed with broadleaf herbicides.
Bermudagrass:
  • Mow overseeded areas when they exceed 1 inch in length, and let grass clippings lay.
  • Water periodically, especially if you overseeded in the fall.
  • Only fertilize overseeded areas. This should be done in December and February.
  • Treat winter weeds as needed with broadleaf herbicides.
Make sure to remove the last of the leaves to help grass receive more sunlight, and try to avoid walking on grass as it can become more brittle and easily damaged during winter. We appreciate you being proactive and managing your lawn so that the community landscaping will look great come spring and summer!

What are Home Values in the Lake Norman Area looking like?

by Compass Real Estate Group

The Homes in the Lake Norman Area in Cornelius NC, 28031 zip code over the last year continue to show growth in 2015-2016.  Take a look at what the MLS numbers show us.

Looking for your Home for Sale in Huntersville Value?

Click below to see what your home is worth

Free Home Valuation

 

August Newsletter for the Lake Norman Area

by Brock Zevan

NAR's chief economist, Lawrence Yun, said that the four month streak of sales gains through June showcased a solid first half of 2016. Yun noted, "Existing sales rose again last month as more traditional buyers and fewer investors were able to close on a Home for Sale in Huntersville despite many competitive areas with unrelenting supply and demand imbalances." Yun added that, "Sustained job growth as well as this year's descent in mortgage rates is undoubtedly driving the appetite for home purchases." NAR's economist added a cautionary note: "Looking ahead, it's unclear if this current sales pace can further accelerate as record high stock prices, near-record low mortgage rates and solid job gains face off against a dearth of homes available for sale and lofty home prices that keep advancing."

Key Takeaways

  • June's median price for existing homes (non-new builds) for all housing types was $247,700, up 4.8 percent over June 2015 ($236,300). June's increase represents a 52nd straight month of year-over-year gains.
  • Total housing inventory by the end of June fell slightly 0.9 percent, to 2.12 million existing homes available for sale. Unsold inventory now sits at a 4.6-month supply at the current sales velocity.
     
  • First-time buyers generated 33 percent of transactions in June, 3 percent higher than seen in May and a year ago -- in fact this is the highest since July 2012 (34 percent). 
     
  • Freddie Mac data shows the average commitment rate for a 30-year, conventional, fixed-rate mortgage fell from 3.60 percent in May to 3.57 percent in June. Mortgage rates have now dropped for four consecutive months, and June's rates were the lowest since May 2013 (3.54 percent). The average commitment rate for all of 2015 was 3.85 percent.

Make Your Offer Count!

Before making an offer on a home in today's competitive housing market, it is more important than ever for home buyers get their financial house in order when applying for a loan.

While there are online resources available that can provide a sense of one's overall financial position, be sure to review your credit report in person with your mortgage professional and get pre-approved for a loan before making an offer on a home.

A little preparation goes a long way and can make a big difference when it comes to closing on your dream home. Contact us today to get the right loan for your current needs!

 

Tips for Sellers

When preparing your home for sale, a number of simple cosmetic changes often provide the biggest return on investment. Here are three tips to upgrade your house without breaking the bank:

 

 

  • Bring in the light. The right light creates the right mood. Adding lights to dark rooms can make your home feel warm and inviting. Bring outdoor light inside by opening curtains and installing economical suntubes.
  • Create Space. Many of today's buyers are looking for open rooms. Consider removing unwanted walls to make your home feel more spacious. Buyers will often pay a premium to get a bit of extra room.
  • Replace Flooring. Get rid of that old carpet in the den and replace it with today's newer hardwoods and laminates. You don't have to spend a lot to make a big impression!

These simple tips can help you sell your home and take advantage of today's market. Please contact us if you have any questions about selling your home. We are here to help!

Should I Buy a Home Now?

by Brock Zevan

I'm often asked if this is a good time to buy a Home for Sale in Huntersville. Some clients are concerned that home prices may fall down the road, while others are convinced that home prices will go up.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have fluctuated, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, a one point rise in interest rates could cost tens of thousands of dollars over the life of your mortgage!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates while they are still available.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

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