As a volunteer at Homearama at the Palisades in southwest Charlotte NC, the first question in my mind was how much will this baby cost??

I volunteered yesterday at Homearama, and I helped greet and guide people in house #1 built by Persis-Nova Construction.  William Roseberry, a fellow loan officer here at Myers Park Mortgage, gave me the tour and then I was off to show people around myself. 

The first thought in my head was, "What would it cost to buy this place!?!?" 

Here is the math:   House fully furnished:  $4,200,000  

Loan for 60%:            $2,520,000   Down Payment:$1,680,000 (chump change right!?!)  

Interest Rate:            5.625% (not bad, I know)   Monthly Payment:       $14,507  

In this day and age, with media pundits declaring the sky is falling every ten minutes, I thought those were some pretty great terms for such a luxurious house!  The scenario above is a 5/1 ARM program and is not a quote.  Terms and conditions apply.  This was only meant to serve as an example of financing available on this size property.   If you haven't had the opportunity to see the great homes at Homearama 2008, I encourage you to go!  We had a lot of fun, and they did a great job on the homes this year.  Each property is very unique and would appeal to a different tastes.  I loved the curb appeal of house #3, and the interior of house #1 was undescribable!  House #2 was a much more open and contemporary style, which is not my style.  I did love the guest house for #2.  It set that property apart... especially for folks with in-law.

We DO have money to lend for a home in Charlotte NC! We do offer FHA and VA- as well as very competitive terms on Jumbo mortgages, Myers park is the #1 Lender in Charlotte NC (no offense BOA!)

--------------------------------------------------------

Looking to sell your Charlotte Home? Buy a home? Or would you just like more information?  Most of the Home sold information is reight here, but Homes for Sale you'll find at CharlotteCommunities- our site for relocating folks. Or you may be looking for that easy to use, map based Charlotte Home Search? others may need a good Introduction to Charlotte, watch this well regarded video by Terry Mcdonald, #1 on the You Tube Charts for Charlotte, NC.

As always, you may call us direct at 704-351-1519.

Related Posts

Yes, There is Mortgage Money In Charlotte!

A Custom Home for Under $500K

Charlotte Real Estate- 2008 and Beyond, More Good Years Ahead

Hows The Charlotte Market? A Video FAQ by Terry McDonald

This Homes sold report for Davidson, a popular Charlotte suburb, is based on Home Sales  within the past 30 days.

The following Davidson communities are highlighted:  McConnell, Hobbs Hill, Bailey Springs, Westmoreland Farm, River Run, Davidson Wood, Shiloh Village, Waterford On The Rocky River and Archer Ridge.

Comparing Davidson homes sold in September, 2008 vs 2007, there were:

September 2008, 17 homes were sold.  The median sale price was $523,566, andan average cost per square foot of $152.

Septmeber 2007, 15 homes were sold.  The median sale price of $479,669, with an an average of $156 per square foot.

The number of home sales increase by 13%, and home prices decreased  2%, year to year. . 

If you're thinking of selling, send us a request for a more detailed report of your neighborhood!  Know your home value and lower your real estate selling stress!  

---------------------------------------------------------

Charlotte Home Search- map/community based

Cornelius Homes Sold Report

Huntersville Homes Sold Report

This Huntersville homes sold report is based on home sales within the last 30 days.

Huntersville, zip code 28078, was broken down to feature the following communities:  Shepherds Vineyard, Monteith Park, Northstone, Melbourne, Birkdale, Gilead Ridge and Macaulay.

In September of 2008, 51 homes were sold in Huntersville, zip code 28078.  The median price being $308,888 with a cost per square foot being $118.

In September of 2007, 91 homes were sold giving a median price of $280,825.  The cost per square footage averaged $114.

The difference of a year shows a decrease of 44% in home sales, but a 4% increase in prices.

If you're thinking of selling, send us a request for a more detailed report of your neighborhood!  Know your home value and lower your real estate selling stress! 

---------------------------------------------------------------

Charlotte Home Search- map/community based

Cornelius Homes Sold Report

There is Money for Charlotte Home Buyers, Investors, and 2nd Home Purchasers... I know what you 've heard, it is simply Not True. Roy's Excited-- and Myers Park Mortgage is Excited too

Charlotte is a great place to buy a home and mortgage money is still available at great rates!! With all the recent coverage of the "Bail-Out" plan, many people have been led to believe that mortgage money is hard to come by and too expensive to afford. This is not true in Charlotte, NC!  Check out the rates below (FHA) etc.

There have been changes if you are:

• Buying a Condo
• Buying an Investment Property
• Buying a new home before your old home is sold

You might find yourself unable to obtain financing or paying a little more for a loan. This is not an absolute rule, however so if you fit any one of the scenarios listed above please give me (Olan Carder)  a call at 980-721-7478. I will be happy to research your scenario and determine what financing packages are available to you. The bottom-line is that lenders are determining the types of loans, properties and scenarios that represent the highest risk. Then they are making guidelines more strict or instituting pricing adjustments to make those loans more expensive.

The following list is NOT a rate quote but a general list that shows what is still available in the market. All of the following are examples based on certain assumptions. If you are interested in any of the following examples you must still make pplication and qualify. 

PROGRAMS AND RATES for Charlotte Metro Area:

• FHA Loans / Loans upto $303,750 / Only 3% Down / Rates around 6.00% FIXED!
• Veteran Loans / Loans upto $417,000 / ZERO DOWN / Rates around 6.00% FIXED!
• Conventional Loans / Loans upto $417,000 / ONLY 3% Down / Rates around 6.125% FIXED!
• USDA Loans / No loan limits / ZERO DOWN / Roll in money for repairs and closing costs / Rates around 6.75% FIXED!
• JUMBO loans / Loans upto $2.5 Million / ONLY 5% DOWN / Rates as low as 5.75%!!

As you can see there are GREAT loan products available for homebuyers in the Charlotte Metro area. Interest rates are more than affordable and turn-around times to get your loan approved are FAST! With market volume slower you can find great deals and lenders are ready to help get your loan approved quickly. If you are interested in buying Charlotte real estate, now is a good time to get started.

-------------------------------------

Myers Park is a preferred lender for the TerryMcDonaldRealEstate team-- and is the #1  mortgage provider in Charlotte.

Thinking about selling your Lake Norman area home?  Your Charlotte home?  Check out the links below for more information or just call me, Terry, direct at 704-351-1519.

 Charlotte Home Search- map/community based

Charlotte Photo Gallery- more than 2500 pictures, 45 galleries of different Charlotte neighborhoods

Where to Look for Luxury Homes in Charlotte- Video

Amazing Ryland Homes At The Palisades for Under $400k

This Homes Sold Report for the popular Lake Norman community of in Cornelius, zip code 28031, compares homes sold in the last 30 days, to homes sold one year ago.

This is the first in a special report series for the Lake Norman area, North of Charlotte.  Featured communities are Wellsley Village, Heritage Green, Caldwell Station, Westmoreland, Jetton Cove and The Peninsula.

In 2008, 33 homes were sold in Cornelius with the median price being $431,499.  The average Sold  cost/SF, $165.

In 2007, 34 homes were sold in Cornelius  the median price being $467,644 and the average Sold Cost per SF cost, $168.

This shows a decrease of 2% in home sales, and a decrease of 1% in cost per square foot sold.

If you're thinking of selling, send us a request for a detailed homes sold report in your neighborhood!

------------------------------------------------------------

Thinking about selling your Lake Norman area home?  Your Charlotte home?  Check out the links below for more information or just call me, Terry, direct at 704-351-1519.

 Charlotte Home Search- map/community based