Whether you are an avid fan or have never experienced a race, the Nascar Hall of Fame is huge for the Charlotte area and will bring many people and their money to our area.  Check out the latest.

Nothing but rave reviews for equestrian themed show.  Sad to see it leave our area.  Hope you were able to experience it.

Absorption rate pricing is a method used to calculate the value of your home based on the principles of supply and demand.  Because appraisers are now required to use Absorption Rate Pricing to determine your home’s value, it is critical that you understand how the process works.
There are only a certain number of homes that will sell in any market in any given period of time. For example, if 12 homes sold in the last 12 months in a given market, that means that the market will absorb 1 house per month on average.  If there are 10 homes currently on the market, there is a 10 month supply.
• A 6-month supply is considered a balanced market.
• Less than 6-month supply is considered a sellers market.
• More than a 6-month supply is considered a buyers market.
To calculate Absorption rate, your Realtor® /appraiser will do the following:
1. Conduct a search for homes sold in the past 3, 6 and 12 month period, which are similar to your home based upon:
•     location
•    condition
•    size
•    features
•    amenities
•    price
From these numbers, the average sales per month will be calculated.  This reflects the demand in the market.
2. Then, they will conduct a search for all active listings of homes on the market for sale which are similar to your home in: location, condition, size, features, amenities and price.
3. The monthly supply of homes on the market will then be calculated, resulting in the average number of home sales per month.
4. In addition, you will need to rank your home compared to the competition in the categories of:  location, condition, size, features and amenities.  This analysis will help determine the best asking price.  If you’re in doubt, visit the competitive active listings to see that your home is positioned to sell within the timeframe you’ve allowed.
5. Based upon the positioning of your home versus the competition’s position and the monthly supply on the market, your Realtor® will be able to calculate the odds of selling your home in 30, 60 or 90 days.
Here is an example of a recent Absorption Rate Analysis that I shared with my clients–positioning is everything in today’s market!

For more information contact Debe at 704-491-3310 or visit her website.

Helen Adams Realty is proud to announce that Christina Kellmann has joined our Randolph Road office.

A message from Christina;

As a native Charlottean, Christina has a vast knowledge of the Charlotte-Metro area and is excited to use that expertise to help every client find their perfect new home. Born and raised in south Charlotte, Christina attended Charlotte Latin School, and later graduated from North Carolina State University in Raleigh. After working in customer service for years, the decision to pursue a career in real estate was easy because it combined her love of helping people and her love of her native city!

You can contact Christina at 704-577-2624 or visit her website.

Click on the brochure below to see our new listings for the week of May 1, 2010.  Did you know that on our website you can search for all new listings in the Charlotte metro area and surrounding counties?  Visit the New Listings page on our website to see all new listings in the Charlotte metro area:  http://www.helenadamsrealty.com/new_listing_search/.

Click on the brochure below to see this week’s Luxury home listings for the week of May 4.

Search over 28,000 active home listings in the Charlotte area on: www.helenadamsrealty.com.

Click on the brochure below to see our new listings for the week of April 18-24.  There are some amazing homes on the market!  Now is the time to buy.  Rates are at a historic low, and one more week until the tax credit expires!

View over 29,000 Charlotte area home listings (and 7900 new listings) on www.helenadamsrealty.com.

This one-of-a-kind neighborhood is considered one of Charlotte’s most desirable.   Homes  for sale in Foxcroft are surrounded by mature trees and gorgeous landscaping.  Towering trees canopy the driveways and streets throughout the neighborhood as the old oaks just seem to envelope you as you drive through the lush, green community–especially now during the springtime!

If you’re looking for homes for sale in Foxcroft Charlotte NC, here is a link to one of our favorite homes in Foxcroft, followed by the latest market analysis.  Phone us for more information regarding Foxcroft or if you’d like to tour one of the lovely homes in this community.

Take our online tour of the property at 2027 Sharon Lane Foxcroft Charlotte NC

Foxcroft Charlotte NC market analysis report for April 12, 2010:

For more information please contact Debe at 704-491-3310 or visit her website, SoldbyDebe.com

Lake Norman was made by Duke Energy in 1963.  Lake Norman is 34 miles long and has 520 miles of shoreline.  Cornelius, Davidson and Huntersville, NC are towns that are nestled on Lake Norman. Please feel free to review the lake levels at Lake Norman.  You can rent boats and other water toys for the lake at Carolina Boat Rentals. There are also a plethora of marinas around the Lake Norman area.  You do not have to live in Lake Norman to enjoy the water access. There are many locations for public access to Lake Norman for a minimal fee. If you are visiting the Lake Norman area and need a hotel or motel to stay at please feel free to click on the links to make your search hassle free. Below is a market absorption rate on a community called The Peninsula which is a community near Lake Norman.

Question:  I  keep seeing houses for sale being advertised as “short sales”.  Exactly, what is a short sale?

A short sale is defined by the National Association of Realtors* as a situation in which the homeowner/seller owes more money on the home loan than the sale of that property will generate, and that seller/owner is unable to or unwilling to contribute at closing the monetary difference. It’s sort of like being upside down on a car loan in that you owe more money than you can expect to make from the sale. A lender may consider short sales for homeowners who have experienced such hardships as loss of job, business failure, illness and medical costs, divorce or death or a spouse, or natural disasters. Loss of equity in a home does not, however, constitute a hardship.

For more information please contact Jo Butterworth at 704-267-3643 or visit her website.