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 - 9 of 9

Price: $7,400,000
17240 Connor Quay Court, Cornelius, NC 28031
Subdivision: Connor Quay
6 BR, 6.3 BA, 12042 sqft
Berkshire Hathaway | MLS # 4069268 | Contract
Price: $3,650,000
6907 Kingfisher Court, Denver, NC 28037
Subdivision: Harbor Oaks
5 BR, 5.1 BA, 6974 sqft
Corcoran HM Properties | MLS # 4068913 | Active
Price: $2,950,000
796 Mckendree Road, Mooresville, NC 28117
4 BR, 4.2 BA, 4971 sqft
Ivester Jackson | MLS # 4065021 | Active
Price: $2,900,000
231 Wilson Lake Road, Mooresville, NC 28117
4 BR, 4.1 BA, 4215 sqft
EXP Realty LLC | MLS # 4068175 | Active
Price: $2,000,000
2422 Smith Harbour Drive, Denver, NC 28037
Subdivision: Smithstone
5 BR, 5.2 BA, 5441 sqft
Lake Homes Realty LLC | MLS # 4069715 | Coming soon
Price: $1,790,000
8884 Beach Bluff Court, Sherrills Ford, NC 28673
Subdivision: Northview Harbour
4 BR, 3.1 BA, 3705 sqft
Southern Homes of the | MLS # 4070389 | Coming soon
Open house! Sat Oct 7, 11 AM-2 PM
Price: $1,599,000
4452 Power Drive, Sherrills Ford, NC 28673
Subdivision: Ken Wood Forest
4 BR, 3 BA, 4264 sqft
NorthGroup Real | MLS # 4069435 | Coming soon
Price: $1,350,000
388 Ponderosa Circle, Mooresville, NC 28117
Subdivision: Lake Norman Bonanza
4 BR, 3.1 BA, 3132 sqft
Keller Williams South | MLS # 4067510 | Coming soon
Price: $969,000
21112 Rio Oro Drive, Cornelius, NC 28031
Subdivision: Bahia Bay
2 BR, 3 BA, 2476 sqft
Southern Homes of the | MLS # 3938146 | Active

Listings 1 - 9 of 9
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