$5,850,000

MLS Number: 50913

City: Valle Crucis, NC
Stories: 2
Bedrooms: 4 Baths: 4.5
Area: Boone-Blowing Rock, NC
Year Built: 1990
Plus Five fully furnished 1,400 sq. ft. Rental Cottages. Each built in 1996 on approx. 1/2 acre sites. Current cottage average annual rental income $150,000.

39.4 acres with 360 degree view of Blue Ridge Mountains.

5,200 sq. ft. main house built in 1990 on 1.24 acres.

No restrictions and no zoning offer many other options:

* Family compound
* Corporate retreat
* Religous retreat
* Horse farm / Dude ranch
* Recording studio
* Cottages can be sold separately
* Land can be further subdivided if desired

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

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search for : Valle Crucis, NC, Blowing Rock, NC, Blue Ridge Mountains

One enterprising real estate brokerage has found an innovative technique to generate sales income. The Keenan Carter Group in Pismo Beach, CA, was recently featured on “Good Morning America” on ABC-TV and a segment with Neal Cavuto on Fox News.

Using a local tour bus company, riders are charged $20 a seat. The tour bus becomes a school bus between stops, serving up information packages on each property. Riders get spreadsheets on mortgage payment options, potential rental income properties could yield and refreshments.

Similar bus tours are offered in Florida, Las Vegas and other hard hit housing markets that have been flooded with foreclosures. Driving a bargain on a bus isn’t new, but using the strategy as a vehicle to move foreclosures is part of a current trend in special marketing designed to help turn the housing market around. (more…)

search for : rental income properties, foreclosures

Prospecting has always been a valid technique that will lead to real sales success. Particularly in times like these, when real estate sales are slow, agents and brokers seek an approach that salespeople who hate pressure and force and rejection can use to get more appointments in less time and with less emotional stress on themselves.

But prospecting requires positive expectations. It requires a positive-results mindset, in part to overcome the influences of all the other agents who don’t prospect, don’t value prospecting, and stand by to negatively influence your vision and expectation of success. (more…)

WEST JEFFERSON NC MOUNTAIN PROPERTY

87.5 +/- Acres Available For Residential Subdivision Mountain Development, 7 miles from West Jefferson, NC

Paved Road and Bridge Built To State Specifications.

Average of $23,000 per acre.

This Property Should Retail For Approximately $50,000 to $60,000 per acre.

ALL PROPERTY HAS LONG RANGE MOUNTAIN VIEWS

Contact Greg Stikeleather, Broker, 704.880.5247

or

email Greg at grstike@charter.net

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Originally announced on October 10, 2007 by Treasury Secretary Paulson and Housing Secretary Jackson Hope Now was created to save subprime borrowers from being pulled under by the weight of rising mortgage payments. Now the industry group is throwing financial life preservers to prime borrowers and others who also face being submerged by foreclosure.

The HOPE NOW collaboration of credit and homeowners’ counselors, mortgage servicers, and mortgage market participants was formed to

• Explore a variety of methods to reach out to at-risk homeowners, including a direct-mail campaign to encourage at-risk borrowers to call their mortgage servicer or a credit counselor.

• Work to improve communications between servicers and non-profit counselors to speed outreach and to develop and explain options for at-risk borrowers.

• Develop standards with investors to enable counseling sessions for homeowners to be funded by servicing contracts.

The most recent initiative occurred on February 20, 2008 with the nation’s largest mortgage servicers sending the fourth round of HOPE NOW letters to mortgage borrowers, urging them to call their servicer for immediate help. HOPE NOW alliance members have officially sent one-million letters to homeowners.

search for : subprime borrowers, foreclosure, credit counselor

Senate Democrats planning this month to address the troubled housing market with yet another housing bill. A tax break for home builders and higher caps on state mortgage-revenue bonds are among the proposals. Top Democrats said they intend to turn to a second package focused on housing-related matters, a potent political issue this election year.

Despite the bipartisan aura that sped passage of the first housing stimulus bill, some parts of this one are likely to draw criticism from Republicans, especially a change in bankruptcy law that would allow judges to alter the terms of certain mortgages. Some of Senate Democrats’ proposals are popular in both parties, such as a tax break allowing companies with operating losses this year or the two previous years to apply them to past years for a refund. That could please home builders, who attacked the first bill. (more…)

Short sale bids require some sophistication, skill and patience on the part of the investor. But, with a little study, and some experience, short sales and foreclosures can be the most profitable way to invest in real estate.

A short sale usually occurs when a seller can’t make his loan payments because of death, divorce, job loss or other hardship. When homes are rising in value, owners can sell the house and pay back the lender. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed.

In today’s market, when home values are dropping and the owner hasn’t built up much equity, lenders will often accept less than the amount owed to avoid the hassle and expense of auctioning the house. (more…)

search for : Short sale bid, foreclosures, short-sale foreclosure

Vacation property, an investment for retirement or a permanent residence, this Lake James waterfront home may be your dream property.

The beautiful water front home is located in a private community with spectacular views of the Blue Ridge Mountains. It has a double deck boat dock, an enclosed boat garage and a private ramp to launch your own watercraft. The home was built originally in 1972 and totally renovated in 2002. A four car detached garage was built in 2002.

There is a total of 264 ft. of water front. Beautiful three tier sea walls accent this elegant home. Hard wood and tile floors, modern appliances and vaulted ceilings are only a few of the amenities that capture you with this home.

Private dock permit.

List Price: $1,800,000
Flexibility: Willing to finance
Acreage: .75 acres
Type: Waterfront

Floors: 2
Bedrooms: 4
Bathrooms: 4
Sq. Footage: 3700
Garage Size: 4.0
Year Built: 1972, totally renovated in 2002
School District: Nebo

Suitable Use: Residential

Topography: Rolling
Road Frontage: Private Road
Location: Lake James, Burke County, NC

Amenities: Waterfront, Fireplace, Central AC, Alarm, Wood Floors, Gas Range, Patio, Wheelchair Accessible, Nature/Bike Paths, Boating, Controlled Access, Spa/Jacuzzi

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search for : Lake James waterfront home, Blue Ridge Mountains, Lake James, Burke County, NC

Many think that the current housing mess will be a relatively short-term affair that should see a return to normalcy within the next few years. But, a “generational housing bubble”, fueled by the same baby boomers who have been bidding up prices since 1970 as they moved up the housing ladder, may portend poorly for domestic real estate sales.

As retirees become more numerous than the working young, shifting into seller mode, researchers postulate that the market imbalance could come quickly around 2011, causing housing prices to fall. For most of the American life span, the rates of buying and selling remain closely related because those who sell one house typically buy another.

When people enter their late 50s and early 60s, as the leading wave of baby boomers has now done, buying and selling are in balance. When they reach their mid-60s, though, sellers start to outnumber buyers. And when they hit their 70s, sellers dominate. (more…)

search for : generational housing bubble, baby boomers

The National Association of Realtors expects soft market conditions to continue across much of the country, while isolated spots will continue to maintain their average sales numbers.

But, there’s also plenty of reason to be hopeful that new and existing home sales will increase by mid-year if not sooner. In some areas, buying conditions have improved.

In response to Fed cuts, Mortgage interest rates have dropped to near record-low levels and held under six percent almost the entire month of January and into February. Coupled with latent consumer demand, pending sales for January should make a good showing.
(more…)

search for : National Association of Realtors, Mortgage interest rates