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There’s a chance that Bridges at Mint Hill could break ground as early as next year, depending on when General Growth Properties emerges from bankruptcy, according to Childress Klein partner Chris Thomas.
“I’d like to say that we’d start back next year and open in 2013, but at this time I just don’t know,” Thomas said.
“It appears that General Growth is going to come out of Chapter 11 later this year, and I think the process is progressing favorably. There’s a reasonable possibility that we will break ground next year, but until General Growth is out of bankruptcy, we can’t talk about resuming construction.”
The open-air mall would be built on more than 200 acres on Lawyers Road near I-485. A portion of the land is owned by Childress Klein Properties in Charlotte and a portion by General Growth Properties, headquartered in Chicago.
The project has been in the planning stages since 2005 and was to have opened last year. The developers stopped work during the recession.
Thomas says the project is still viable, just on a different timetable. And when construction does begin, he says it will be built in phases.
Are you looking for real estate in Charlotte, NC but can’t seem to find the deal you’re looking for? That could be because you’re looking in all the wrong places! Getting a great deal on real estate is as easy as 1-2-3 if you know where to look, and Charlotte real estate is no exception. To find the real estate deal that’s right for you, whether you’re an investor or a would-be homeowner, just follow the steps below:
o Step 1: Look around and pick an area you’d like to move to-then make a second choice. Obviously you’re looking for real estate in Charlotte, NC, but it isn’t only Charlotte you want to look at. You also want to consider the surrounding towns and cities, such as Marvin and Weddington. Real estate in the suburbs of Charlotte is always going to be less expensive than real estate in the city itself, and you will still be able to commute easily to the city.
o Step 2: Check the classifieds in the papers for Charlotte, NC. Homes sold privately by the owner are almost always less expensive than those listed through a realtor because they’re hoping to be able to sell quickly, quietly and without the extra fees associated with working with an agency.
o Step 3: Investigate your options for pre-foreclosure real estate. Pre-foreclosures are homes that are being privately sold by the owner in an attempt to avoid foreclosure by the bank, and they are usually sold for a small percentage of what they would be on the open market. Many times owners will be willing to take an amount equal to what they owe the bank in exchange for a quick sale.
o Step 4: Attend auctions for foreclosed real estate. When a bank forecloses on a home it wants to unload it as quickly as possible. What is a bank in Charlotte, NC going to do with a house? It’s a cinch it isn’t looking for a new place to set up shop! Homes that have been foreclosed upon are sold at an extremely reasonable price. You can find listings for foreclosure properties at websites such as nc.foreclosure.com, government-auctions-guide. and north-carolina.e-foreclosuresearch.com, as well as through many Charlotte realtors.
o Step 5: Search for HUD real estate. HUD homes are those that are intended for buyers with low incomes and for first time homebuyers and are generally sold for an extremely reasonable price.
o Step 6: Enlist the aid of a realtor in the area. This is especially important if you are moving form out of town, because a realtor will be able to point you in the direction of real estate for sale in and around Charlotte that may not be available in public listings. A good realtor will be able to give you information about schools and businesses in the area and help you find the neighborhood that’s right for you.
The most important thing to remember is that when it comes to looking for a great deal on real estate in Charlotte, NC, persistence pays off! It might take a while, but somewhere out there is the perfect piece of real estate for you. You just haven’t found it yet.
Source: http://EzineArticles.com/1000211
Are you looking for real estate in Charlotte, NC but can’t seem to find the deal you’re looking for? That could be because you’re looking in all the wrong places! Getting a great deal on real estate is as easy as 1-2-3 if you know where to look, and Charlotte real estate is no exception. To find the real estate deal that’s right for you, whether you’re an investor or a would-be homeowner, just follow the steps below:
o Step 1: Look around and pick an area you’d like to move to-then make a second choice. Obviously you’re looking for real estate in Charlotte, NC, but it isn’t only Charlotte you want to look at. You also want to consider the surrounding towns and cities, such as Marvin and Weddington. Real estate in the suburbs of Charlotte is always going to be less expensive than real estate in the city itself, and you will still be able to commute easily to the city.
o Step 2: Check the classifieds in the papers for Charlotte, NC. Homes sold privately by the owner are almost always less expensive than those listed through a realtor because they’re hoping to be able to sell quickly, quietly and without the extra fees associated with working with an agency.
o Step 3: Investigate your options for pre-foreclosure real estate. Pre-foreclosures are homes that are being privately sold by the owner in an attempt to avoid foreclosure by the bank, and they are usually sold for a small percentage of what they would be on the open market. Many times owners will be willing to take an amount equal to what they owe the bank in exchange for a quick sale.
o Step 4: Attend auctions for foreclosed real estate. When a bank forecloses on a home it wants to unload it as quickly as possible. What is a bank in Charlotte, NC going to do with a house? It’s a cinch it isn’t looking for a new place to set up shop! Homes that have been foreclosed upon are sold at an extremely reasonable price. You can find listings for foreclosure properties at websites such as nc.foreclosure.com, government-auctions-guide. and north-carolina.e-foreclosuresearch.com, as well as through many Charlotte realtors.
o Step 5: Search for HUD real estate. HUD homes are those that are intended for buyers with low incomes and for first time homebuyers and are generally sold for an extremely reasonable price.
o Step 6: Enlist the aid of a realtor in the area. This is especially important if you are moving form out of town, because a realtor will be able to point you in the direction of real estate for sale in and around Charlotte that may not be available in public listings. A good realtor will be able to give you information about schools and businesses in the area and help you find the neighborhood that’s right for you.
The most important thing to remember is that when it comes to looking for a great deal on real estate in Charlotte, NC, persistence pays off! It might take a while, but somewhere out there is the perfect piece of real estate for you. You just haven’t found it yet.
Source: http://EzineArticles.com/1000211
Charlotte North Carolina real estate is a thriving business. Charlotte is the largest city among the Carolinas and is growing at a very fast pace. Roughly 20,000 people relocate to Charlotte every year. The cost of living in Charlotte is below the national average. It has everything that both young and old might seek with access to very good schools, great residences and good employment opportunities. Residents of Charlotte enjoy living here. Charlotte was voted among the ten best cities to live in the United States. It has one of the largest banking centers in the US, with some of the best-known Fortune 500 companies settled here. This makes it a great job market and as a result, ensures that there is a booming real estate market in Charlotte.
Charlotte boasts a high quality of life. The weather is mild without extremes and there are four seasons, with a fabulous fall. The area is green with foliage, most of the residents enjoy outdoor life with golfing, fishing, sailing and professional sports. Just a few hours from the Great Smoky Mountains, beaches and Blue Ridge Mountains, it is a pleasure to live in Charlotte.
You will find that websites related to North Carolina real estate agents contain all the information you need about various parts of Charlotte. It is a good idea to visit the website to request real estate agent assistance because these contain valuable information about buyer tips, property and Charlotte real estate agent listings. Moreover, signing up with these websites keeps you updated about new listings and keeps you notified about relevant details that match your specific search criteria by email. It saves a tremendous amount of time. Some Charlotte real estate agents even compare your home search with other listings in the area you desire.
Real estate-wise, Charlotte has nine zones – uptown, northeast, east, old south, new south, southwest, northwest, Lake Norman and Lake Wylie. The property around the lakes are said to be the most valuable. The northeast parts are less expensive. There are many exclusive buyer agents in Charlotte who earn their commissions from buyers. They work hard at getting the best price for their customers. Exclusive buyer agents in North Carolina are enrolled as members with the National Association of Exclusive Buyer Agents.
If you want to enjoy great weather, good people, good culture and a nice work environment, consider getting in touch with a North Carolina Real Estate Agent.
Charlotte, commonly known as the Queen City of the South is nestled in the western Piedmont, or foothills of North Carolina. Charlotte and its resident county are named in honor of the German Princess Charlotte of Mecklenburg, who had become queen consort of British King George III the year before the city’s founding. It is the largest city in the State of North Carolina with a population of about 756,000 as per US census bureau, making it the 18th largest city in America.
Charlotte is in Mecklenburg county and bordered by Cabarrus, Union, Gaston, Lancaster SC and York SC Counties. Charlotte is conveniently intersected by Interstate 85 and 77 providing easy access to travelers. Charlotte has the busiest US Airways hub and is the 8th largest airport in the nation, and ninth in the world with daily flights to most parts of the country as well as international flights to various continents.
Charlotte is the second banking center in America after New York with two of the largest banks in the nation-Bank of America, and Wells Fargo. The city is home to some of the fortune 500 companies like Family Dollar, Goodrich Corporation, SPX, Lowe’s, Duke Energy, Nucor, Sonic Automative, as well as the two big Banks.
Charlotte offers the best mix of a burgeoning city: vitality, opportunity and livability. It’s a region steeped in history and tradition yet young and exuberant, open to change, accepts and embraces newcomers with warmth southern hospitality and its temperate comfortable climate.
Whether you’re relocating to Charlotte or any of our neighboring counties, you’ll find there is a lot to like about this region. Charlotte’s tremendous growth rate is reflected in the housing market which has been steadily growing for years, and yet still affordable compared to other housing markets in the nation. The city offers an array of homes from cozy bungalows, modest ranch houses or two-story Georgians, to custom-built mansions, ginger-breaded Victorians or contemporary condos, both existing and new construction, giving people a large varieties of homes to suit the most discriminating buyer. The same variety abounds in residential lifestyle from Uptown living or suburban locations, to comfortable old towns or new-home communities, urban homesteading and prime Piedmont countryside.
The charlotte real estate region is a collection of towns and neighborhoods, including lakefront living that comes with its own unique personality and home styles. Nearby cities and small towns include Concord, Belmont, Mt. Holly, Matthews, Indian Trail, Fort Mill SC, Monroe, Pineville, Lake Wylie, Waxhaw, Mint Hill, Stallings, Huntersville, Wesley Chapel, Weddington, Rock Hill SC, and Lake Norman.
Charlotte North Carolina Real Estate is a great investment opportunity for future appreciation especially in the current market. With it’s tremendous growth trends, buying real estate in the Charlotte North Carolina area would be a smart decision! Charlotte Homes are priced well below the national average. You get more house for the money than in other fast growing cities.
Luxury Homes are located in North and South of I- 485 corridor. Beautiful luxury communities include Ballantyne Country Club, Providence plantation, Piper Glen, Dilworth, Myers Park, Providence country club, Skybrook just to name a few. You will find awesome schools and low property taxes in the fast growing Union County area! Some of the top Luxury Home Communities in Union County are Providence Downs South, Providence Downs, Longview, Kingsmeade, Stratford on Providence, Highgate, Firethorne, Chatelaine, Skycroft, Sedgefield, & Wyndham Hall and many more.
Lake Wylie area features elaborate waterfront luxury homes in gated communities such as Reflection Pointe, Woodland Bay, Misty Waters, Handsmill, River Hills, The Sanctuary and The Palisades.
Lake Norman offers many beautiful lakefront scenery in many high end residential communities on the lake such as The Point, The Peninsula, Sailview, The Farms, Skybrook, Birkdale and many more.
Like anything else, real estate prices in the charlotte region is a function of demand and supply. While new construction is the traditional driver of supply in real estate, foreclosures now have a strong impact on inventories in the Charlotte region. Rising inventories, through construction or foreclosure, place downward pressure on the median home prices, a great opportunity for buyers.
Charlotte NC Attractions, Businesses, Events and Sports
Charlotte Nc is one of the top relocation destinations in the country. Charlotte region offers lots of attractions, businesses, sports, and events in the area. Charlotte has The Billy Graham Library, US National Whitewater Center, Charlotte Motor Speedway, Bank of America Stadium, Nascar Hall of Fame, Carowinds, Discovery Place, North lake Mall, Carolina Place Mall, South Park Mall, Mega Churches, All Faith worhship places, hundreds of outlet stores, upscale shops, dining, museums, parks, Golf Courses and more.
Charlotte NC Sports Teams
Carolina Panthers – NFL Football Team
Charlotte Bobcats – NBA Basketball Team
Charlotte Checkers – AHL Hockey Team
Charlotte Knights – Minor League Baseball Team
Charlotte Rugby Football
Charlotte Roller Girls
Charlotte Eagles
NWA Wrestling
Carolina Speed
Annual Events
BCS Meineke Car Care Bowl Game
CIAA Tournament, Central Intercollegiate Athletic Association
Lowes Motor Speedway
Wachovia Golf Championship
Parades
For more information and a guided tour of Charlotte NC real estate, visit our site. You can also learn about the local real estate market from the our housing trends newsletter. Sound relocation and real estate decisions can only be made with accurate and reliable information from a trusted source for Charlotte NC real estate.
I just passed off a NC Offer to Purchase to the Listing Agent. Squeals were the result. I listened to the puffs and waited until the diatribe settled down. Finally, I hear the the offensive squawk. “How can you let your clients submit this, at this price? Are you a rookie agent?”
“Flag! Unsportsmanlike conduct. 15 yards from the spot of the foul.”
Look, I’m relaying my buyers wishes, not mine. Not everyone comes from a Vulcan mind meld factory. My job as their Realtor is to advise, relay, and monitor. Unfortunately the press has it that all home owners are desperate to sell their homes. Everybody is in foreclosure. So, I say to you, blame the press. Consult with your home sellers. But don’t blame me. Just say no. I’m good with that.
Not all of my real estate clients believe the low-ball offer will be accepted. In fact, it’s just a water tester that rarely works. I tell them that they are starting off on the weak foot. I don’t tell them what to put on paper, they put what they want , I suggest and advise. Have you ever had a client that will just NOT take your advise?
So, my retort to the squawker, just say NO to the offer. No flags need to be thrown. I put my efforts into making this contract submission and it cost you nothing. This is the best feedback your seller can get. I understand, as I have listings, too.
As the listing agent, you have three things that you and your seller can do with my buyer’s offer: Reject it as written, Accept it as written, or, we can negotiate it if you wish. I brought you an offer and you are kindly welcome.
My point is there is no reason for me to throw the flag. Else-wise, knock it off. Be happy you got it on paper. This new Charlotte real estate market brings out some of the best and some of the worst in techniques and gadgetry. When is too much, too much?
Let’s revisit the basics, “Thinking Inside the Box”. This is not to agitate the “thinking outside the box gang,” but there are some things that are tried and true that don’t need to be reinvented.
When someone calls, Answer the phone. Voice mail is for when you are too busy. It is not the standard way people should communicate. Never expect text messaging to replace the human voice. I predict we will not evolve into mimes with text devices for communication.
Courtesy is an art, not a fad. Smiles are not. They are genuine and are emitted from your face. A real handshake presses two human hands together, not some form of digital protocol. Our business is becoming more virtual and less human due the the theory of outside the box. Nose to nose, toes to toes makes sense in this business.
Buying a home without the opportunity of turning the doorknob sounds like a bad science fiction novel. Are we to evolve into Real Estate eBay? Gosh, I hope not. And getting advise from an unlicensed Apple456 at OutsideTheBox dot com sounds even scarier.
Maybe I’m just a people person…or maybe just an inside the box kind of guy. No flags are necessary, just remember; be polite with your responses and apply some common courtesy. This will enhance the professional nature of the real estate transaction.
Some of the benefits of selling your property to a real estate agent are that they can tell you how much your property is worth (retail value) and sell it close to that price. Unfortunately for most sellers, their houses are typically worth a lot less today than they would like. Neither an investor nor a real estate agent will be able to be help much with this aspect of home selling because a seller’s house is worth what the market is willing to pay. To find out what the market is willing to pay for your house a real estate agent uses comparable sales. “Comparable sales” is a real estate term for nearby, similar houses that have sold recently. Anyone can now check the value of their house based on comparable sales with websites such as CyberHomes.com and Eppraisal.com. You can find the value of your property through an agent but now through the internet, you can also figure out the value yourself.
Can a real estate agent sell your house close to your house’s actual value or greater? In my local area most houses are selling for about 90% of their value. Subtract the 6% real estate fee and most home sellers are getting 84% of the value for their house. On RealEstate.AOL.com you can check the average house value and average house sale prices for your local market – right now you will find a discrepancy with the sale price being a lot lower than the value.
However, the higher the price your house sells for, the more money your agent will make, so therefore an agent has more motivation to sell your house quickly, right? Consider this, the average home sale price (in my local market) is about $180,000. Your agent will make 6% of the sell price or $10,800. This commission is shared between the listing agent and the selling agent. So now, your agent will get $5,400 for your house. However, the real estate agent needs an agency since it is illegal for a real estate agent to represent buyers or sellers in a real estate transaction without first signing with a broker’s agency. Each agency requires different commission splits from a 50/50 split with a novice agent to an 80/20 split with an experienced agent. So now the agent has $2,700. The agent is taxed on their income rate plus 15.3% in “self-employment income.” That may be 30% + 15.3% taxes on the $2,700. $2,700 – 45.3% is about $1,500 leftover. So for your $180,000 house a real estate agent will make probably a little more than $1,500. Let’s say that he or she works very hard to market your property and gets you an extra $5,000. The agent will only earn $41 ($5,000 x.06 – 50% (list agent and buyers agent) – 50%+ (agency) – 45.3% (taxes)). How likely is it than an agent will do the work required to bring you $5,000 and then get paid $41 for their efforts? The chance of this happening is nil.
However, if a real estate agent lists your house lower, it will sell quicker. If your house sells quicker the agent can sell more properties and earn money faster then they can by negotiating a high sale price on fewer properties.
In the United States, property tax is assessed by local government at the municipal or county level. The property tax assessment is based on two values–the value of the land, and the value of the building. Since property tax is calculated at a local-level–and since changes occur frequently–it’s tricky to determine the exact spots where property tax is the lowest. However, the following information should help you locate areas with high appreciation AND low property taxes.
Which States Have the Lowest Property Tax Rates?
County tax rates are often averaged into a single figure, and this number is used when comparing property taxes between states. Surprisingly, Wyoming has the lowest property tax rates. Unfortunately, property values in Wyoming tend to be pretty depressed, due to low population influx and a lack of jobs. Also, Wyoming does not rank highly when it comes to appreciation rates for residential and commercial real estate. Just because an area has low property taxes does not mean it will be the best area to invest in (or relocate to).
What to Look For When Investing
Look for an area that has a consistent rate of real estate appreciation, combined with fairly low property taxes. Often, local property tax rates are low because real estate appreciation in the area is low–so you need to be careful. Cities located next to universities and areas where businesses are relocating are usually excellent spots to buy real estate. Paying attention to population growth can help you spot real estate trends and make wiser investments.
Medium-Sized Cities With the Lowest Property Tax Rates
According to data gathered by the Office of the CFO in Washington, D.C., the following cities have the lowest property tax rates in 2006, based on an annual income of $75,000. Assuming you earn $75,000 annually, here are the property tax amounts you would pay in each city…
Birmingham AL — $988
Cheyenne WY — $1,108
Phoenix AZ — $1,248
Wichita KS — $1,309
Denver CO — $1,362
Charleston WV — $1,395
Oklahoma City OK — $1,538
Kansas City, MO — $1,595
Little Rock AR — $1,648
Louisville, KY — $1,713
Jacksonville FL — $1,744
Honolulu HI — $1,781
Billings MT — $1,864
Salt Lake City, UT — $1,904
Virginia Beach VA — $1,918
Jackson MS — $1,971
Charlotte, NC — $2,021
Boise, ID — $2,176
Columbia SC — $2,214
Las Vegas NV — $2,225
Sioux Falls SD — $2,228
New Orleans, LA — $2,231
Wilmington DE — $2,416
Memphis TN — $2,501
Albuquerque NM — $2,517
Houston TX — $2,861
The Connection Between State Income Taxes & Property Tax Rates
States with no income tax (see list below) usually have high property tax rates in their respective counties (The state needs to get its revenue from somewhere!). However, the trade-off is that you will have zero taxes on all earned income. This can be a huge advantage. Instead of paying the state 7 to 15 percent (or more) of your income, you can keep your hard-earned money, and invest it back into real estate or other investments. There are currently nine states that do not tax income at the state level.
States With No Income Tax
Alaska
Florida
Nevada
South Dakota
Texas
Washington
Wyoming
New Hampshire*
Tennessee*
*New Hampshire and Tennessee do not tax earned income, but they DO tax capital gains (dividend and interest income).
How To Find the Best of Both Worlds: Low Property Tax & No State Income Tax
If you’re looking for the best of both worlds (low property tax and no state income tax), you may want to consider the following cities:
Sioux Falls, SD
Houston, Texas
Jacksonville, Florida
Memphis, TN
Cheyenne, WY
Las Vegas, Nevada
You can also explore less well-known cities in the nine “no-income-tax” states. Smaller towns and cities generally offer “quality of life” advantages, and higher-than-average price appreciation and growth.
Conclusion
Now you know which states don’t tax income, and which areas have the lowest property tax rates. Armed with this knowledge, you can focus on finding the best spot for your next home or real estate investment.
One of the most popular and helpful websites regarding real estate today is realestate.com. Their site offers a variety of different services; including finding a home by looking at a virtual map, providing community information about schools and other necessities, a home loans section and a home values section. The site also has guides on buying and selling, financing, moving and home and garden. They offer home sales in the major cities of Atlanta, Boston, Charlotte, Chicago, Dallas, Denver, Las Vegas, New York, Philadelphia, Phoenix, Portland, San Diego, Seattle, Salt Lake City, Tucson and Washington, D.C. Realestate dot com also offers home sales in 1,486 other cities, all of them can be viewed on their virtual street maps.
Their best feature, or article, on the site is their top 10 home buying mistakes. The following is their top 10 list:
1.Doing it alone.
2.Buying at first sight.
3.Not getting pre-approved.
4.Overbuying.
5.Misplacing your trust.
6.Relying on oral agreements.
7.Skipping the fine print.
8.Forgetting or betting on resale.
9.Making an unconditional offer.
10.Having buyer’s remorse.
Realestate dot com also has a variety of articles regarding buying a house whether new or previously owned. Their articles deal with preparing to buy a home, finding a home to buy, finding a buyer’s agent, a guide to buying a home, a guide to homeowner’s insurance, a guide to homeowner’s associations, a guide to private mortgage insurance, fixer-upper homes, investment properties, making an offer and negotiating an offer.
Realestate is an incredibly easy site to navigate and doesn’t put a lot of fanfare of graphic flare on their site with flashing lights or moving graphics. They keep it simple and easy to find information throughout their site. Even though many websites feel that having flashing graphics attracts customers, it more often than not scares them away because it can be overwhelming.
When using realestate’s virtual street view map, the prospective buyer can view the houses of their choice from the outside up close and personal; from the inside in various rooms like the kitchen, basement, bathrooms and bedrooms; from the sky to get an aerial view; from the house to the backyard and other different viewpoints. This feature is widely popular for prospective buyers because it allows buyers who are looking at houses not within their area code or their state to visually explore them before they decide to make a trip to the site. This is a great way to eliminate houses that buyers are no longer interested in.
Not only does the site provide pictures and pricing information for its listed houses, it also provides a detailed description of the amount of rooms in the house, the square footage of livable space in the house, what type of flooring is currently in the house, the features of the bathrooms, if there are any fireplaces, details of the garage(s) and outdoor features such as lighting and security features. Realestate dot com is a must-use resource for any prospective buyer looking to venture into real estate or looking to purchase a home to live in.
Housing and Politics [http://www.buyersadvantagegroup.net/politics-of-housing.php]
Real Estate Political Issues [http://www.buyersadvantagegroup.net/politics-of-housing.php]
Are you looking for real estate in Charlotte, NC but can’t seem to find the deal you’re looking for? That could be because you’re looking in all the wrong places! Getting a great deal on real estate is as easy as 1-2-3 if you know where to look, and Charlotte real estate is no exception. To find the real estate deal that’s right for you, whether you’re an investor or a would-be homeowner, just follow the steps below:
Charlotte, commonly known as the Queen City of the South is nestled in the western Piedmont, or foothills of North Carolina. Charlotte and its resident county are named in honor of the German Princess Charlotte of Mecklenburg, who had become queen consort of British King George III the year before the city’s founding. It is the largest city in the State of North Carolina with a population of about 756,000 as per US census bureau, making it the 18th largest city in America.
ellagower 