Jan 02

How Rising Prices Will Help You Build Family Wealth in 2018

Over the next five years, home prices are expected to appreciate on average by 3.35% per year and to grow by 24.34% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchases and closes on a $250,000 home this month (January). If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

How Rising Prices Will Help You Build Family Wealth in 2018 | Simplifying The Market

Since the experts predict that home prices will increase by 4.2% in 2018, the young homeowners will have gained $10,500 in equity in just one year.

Over a five-year period, their equity will increase by nearly $45,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

Contact a Lake Norman real estate agent today to help build wealth for you and yours!

Search Lake Norman real estate listings.

Jun 20

Mortgage Rates At Three Year Low

Mortgage Rates Hit Three Year Low!

It is a great time to invest in your future! Affordability is up and rental rates are up, now is a great time to buy a new home. Search Lake Norman real estate listings.

Mortgage Rates Hit A New Three-Year Low As Brexit Looms – Forbes
Mon, 20 Jun 2016 16:09:00 GMT

Mortgage Rates Hit A New Three-Year Low As Brexit Looms Forbes Mortgage rates fell for the second week, averaging 3.54 percent, down from 3.60 percent. A year ago at this time, a 30-year, fixed-ratehome loan was 4.0 percent, according to Freddie Read more …

If you need a mortgage contact in the Lake Norman area please let us know and we will introduce you to one of our trusted lenders.

Aug 17

Just Listed Lake Norman Waterfront Homes

New Lake Norman Waterfront Homes For Sale

Lake Norman waterfront homes just listed for sale in the Lake Norman MLS. Waterfront homes for sale in Huntersville, Cornelius, Mooresville, Troutman, Statesville, Terrell, Sherrills Ford, Denver, Stanley & Catawba. Homes for sale on Lake Norman that just came on the market.

Would you like automatic email notifications of new Lake Norman waterfront homes listed in the Lake Norman MLS? Sign up for our auto-notification email alerts.

Lake Norman Homes

Listings 1 - 10 of 10

Price: $4,199,000
17811 Largo Place, Cornelius, NC 28031
5 BR, 4.2 BA, 6455 sqft
Fathom Realty | MLS # 3905895 | Active
Price: $3,395,000
17326 Connor Quay Court, Cornelius, NC 28031
Subdivision: Connor Quay
5 BR, 6.1 BA, 6542 sqft
Premier Sotheby's | MLS # 3865546 | Active
Price: $1,675,000
2075 Northview Harbour Drive, Sherrills Ford, NC 28673
Subdivision: Northview Harbour
4 BR, 5.1 BA, 6342 sqft
Premier Sotheby's | MLS # 3902346 | Active
Price: $1,050,000
3795 Deer Run, Denver, NC 28037
Subdivision: Westport
3 BR, 2.1 BA, 2207 sqft
Magnolia Real Estate | MLS # 3905832 | Active
Price: $1,000,000
151 Ridge Top Road, Mooresville, NC 28117
Subdivision: Spring Acres
3 BR, 2.1 BA, 2563 sqft
Allen Tate | MLS # 3906704 | Active
Price: $990,000
229 Paradise Peninsula Road, Mooresville, NC 28117
2 BR, 2 BA, 2478 sqft
COVO REALTY | MLS # 3906340 | Active
Open house! Sat Sep 24, 11 AM-2 PM
Price: $945,000
199 Kenway Loop, Mooresville, NC 28117
3 BR, 3 BA, 2525 sqft
Lake Norman Realty, | MLS # 3907222 | Coming soon
Price: $850,000
231 Waddell Road, Mooresville, NC 28117
Subdivision: Lake Norman
2 BR, 2 BA, 1729 sqft
Lake Norman Realty Inc | MLS # 3904932 | Active
Price: $800,000
8917 Oakwood Circle, Sherrills Ford, NC 28673
Subdivision: Sherwood Shores
3 BR, 2 BA, 1937 sqft
Southern Homes of the | MLS # 3906818 | Coming soon
Price: $650,000
8009 Golf Course Drive, Denver, NC 28037
Subdivision: Westport
4 BR, 3 BA, 2892 sqft
Helen Adams Realty | MLS # 3904936 | Active

Listings 1 - 10 of 10
May 05

SOLD – Amazing Lake Norman Waterfront Foreclosure in Mooresville

Lake Norman Waterfront Foreclosure

Lake Norman waterfront foreclosureCast off city living and choose Lake Norman waterfront living in this custom 5 bedroom/6.5 bath stucco and stone waterfront home in Mooresville. Great location, just a short walk to Lakeshore Elementary & Middle Schools. This Lake Norman waterfront foreclosure offers an elegant great room with double-sided fireplace, wood floors and floor to ceiling windows for amazing views of Lake Norman. Main floor master suite with custom master bath. Includes main floor office or library. Features formal dining room, inviting kitchen with granite countertops and breakfast bar for morning meals and afternoon snacks. Walk out basement with second living quarters, media room, wet bar, rec room and large covered patio.

Based on the last 6 months of Lake Norman waterfront sales, this property is priced 37% lower than the average price per square foot!

Schedule an appointment now, call Janet @ 704.657.0838 or contact The Lake Norman Homes Team.

Mar 15

Your Top Home Ownership Tax Questions Answered

By: Natasha Padgitt

Published: December 31, 2012

Which tax benefits do home owners miss? Will you get audited if you take the home office deduction? Find out the answers to these questions and more before Tax Day.

There are a lot of home ownership tax benefits — if you don’t forget to take them. To make sure you get your due, HouseLogic asked tax expert Abe Schneier, a senior technical manager with the American Institute of CPAs, for tax-filing tips.

HouseLogic: What’s the most common home-related tax deduction or credit claimed by home owners?

Abe Schneier: The mortgage interest deduction, [which the NATIONAL ASSOCIATION OF REALTORS® estimates amounts to about $3,000 in tax savings for the average itemizing home owner] and [the deduction for] real property taxes. Continue reading