NCRealEstateWeblog.com

Local organizers will host the Alzheimer's Association Memory Walk this weekend to support efforts to fight the disease.

The Luncheon Pilot Club of Rocky Mount planned Saturday's event at Nash Community College. Registration begins at 9:30 a.m., with the 1- to 3-mile walk starting at 10:30 a.m.

All proceeds will go to the Alzheimer's Association's Eastern North Carolina Chapter, which funds support groups and educational programs in the area for patients and their families.

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Are you thinking of buying or selling a home but you're not sure if this is the "right time"? Talk with a Realtor for expert advice on your local market.

Real Estate Cycles
Real Estate Cycles are no different than any other cycles that effect consumers. It is subject to the laws of supply and demand. A shortage of homes, also known as a sellers market, generally means that prices will rise. Likewise, a surplus of homes, also known as a buyers market, means that houses stay on the market longer creating downward pressure on prices.

One of the many important services your Realtor provides is a More...

It is important that you understand how much you can afford or are willing to pay before you go out and look for a new home. But what do you do before you are ready to speak with a Realtor and/or mortgage professional?

Simply, you can use a mortgage calculator to play with the numbers to get a good idea of affordability based on your specific circumstances.

My website, http://www.ncrealestateweb.com/, offers a "Calculator" for just this purpose. Feel free to use it as often as you like. You will find it in the navigation bar or you can simply Click Here.

I Can Help With Financing!
I can also help you get pre-approved for a home loan so that you can confidently shop for a home that's not only perfect, but also perfectly affordable. Well-priced and maintained homes still sell quickly in this market.  

Call me at 252-442-2687 with any questions you may have. I service the Edgecombe, Nash, and Wilson counties in North Carolina. These counties include Rocky Mount, Nashville, Red Oak, Tarboro, Wilson, Bailey, Spring Hope, Pinetops, and more.

The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market.These statistics were gathered from data contained in the local MLS system and prodominatley cover Nash and Edgecombe Counties in North Carolina.

Active residential listings totaled 1066 properties. This is an increase of 11 properties, or 2%, from 1055 in July. This is typical for this time of year as sales tend to decline as consumers take final vacations and prepare for the new school year.   

Newly listed properties totaled 196. This is an increase of 24 new listings, or 9%, from 172 last month.

Sold properties totaled 135. This is an increase of 20, or 15%, from last months total of 115 residential properties sold.

Pending sales totaled 157. This is an increase of 14, or 9%, from last months total of 143 properties pending settlement.

The Greater Rocky Mount Area currently has a 7.9 month housing supply based on the August 2007 sales rate. This is down from a 9.2 month supply in July 2007.

Overall the local market is down by 19% when comparing year over year statistics for the same period in 2006.

What does all this mean? The local housing market is still saturated with available housing. The stable inventory numbers for this month are typical for this time of year. These indicators show that we are still in a strong "Buyers" market and will be for the foreseeable future. What is a Buyers market? This is when conditions exist that allow buyers to obtain concessions from sellers that they would not receive in a balanced market.

What is considered a "Balanced" or "Normal" market? typically this is when houses sell between 3 - 4 months.

If you are looking to buy, this market is for you. In this market buyers typically get more for their money and receive seller concessions regularly.

If you are a seller this is not a bad time to sell. You just need to have a realistic expectation of your homes value and need to work with a Realtor that will provide maximum exposure for your property.

Feel free to contact me with any questions or comments you may have. Also, please visit my website http://www.ncrealestateweb.com/ .

• 2,379 sq. ft., 2 bath, 5 bdrm 2 story - MLS® $275,000 - Great Home, Great Price!

Nash County, North Carolina  -  Beautiful brick 5BR, 2.5BA home in desirable location, convenient to all amenities; great curb appeal. Spacious, open floorplan; heavy molding w/neutral & earthtone colors throughout; 2-car attached side-load garage; large, level back yard, partially fenced. Immaculately maintained and shows like a model!

This all-brick home boasts 5 bedrooms, 2.5 baths, w/master suite conveniently located on first floor. Master BR w/tray ceiling & ceiling fan, large walk-in closet; bath w/12" ceramic tile flooring, large soaking tub & separate tiled shower, 2 separate vanities.

Foyer and DR have beautiful hardwood flooring; double-tray ceiling & picture window in DR. Kitchen and large breakfast nook have 12" ceramic tile flooring; white cabinetry & appliances provide airiness to your entertaining; abundant windows, including bay window in breakfast nook offer plenty of natural light; eat-at counter; generous cabinets & pantry; elegant white tile backsplash. Rear door leads to large wood deck and back yard.

Graceful arched and columned entryway into FR w/2-story ceiling, ceiling fan, gas-log fireplace framed in tile w/wood surround and mantel; windows flank fireplace. Powder room; large laundry room w/dbl SS sinks & built-in cabinets; and, coat closet complete lower level.

Second floor features 4 spacious bedrooms; elegant guest bath w/double sinks offers privacy w/separate room for shower & toilet; linen closet in hallway.

Professional, attractive landscaping; large concrete drive; access door into garage; dual HVACs.

Beautiful, spotless, and move-in ready!

Property information

Other Factors

Of course, buying a home isn't strictly a financial decision. For most folks, the thought of constantly worrying about losing their security deposit every time they pound a nail or paint a wall isn't particularly appealing. Here are some other things to consider before making your purchase:

This may sound simplistic, but first and foremost you should find a neighborhood and a home that you just plain like. "You're not going to wake up in the middle of the night and say 'Wow! Look at my tax deduction!'" .

Moreover, you should check on the sales price trends of homes in that neighborhood. If it looks like the area is declining in value, then avoid commitment: You may be better off renting.

Finally, don't forget that even with the tax-breaks of home ownership, you will still be incurring out-of-pocket costs that you wouldn't encounter as a renter - from the cost of ripping down wallpaper to repairing a leaky roof. So before you buy, estimate how much those costs will be. After all, you don't want to live hand-to-mouth - even if it is in your own home.

Why Are You Still Renting?

Call me at 252-442-2687 today to receive a FREE Buyers Analysis!!

You're one-stop resource for North Carolina Real Estate is http://www.ncrealestateweb.com/

Looking for homes for sale in the greater Rocky Mount, North Carolina area? Visit www.NCRealEstateWeb.com to view homes for sale in Nash, Edgecombe, and Wilson counties.

This site also offers volumes of local information, information specific to buyers and/or sellers, mortgage calculators, and much, much, more.

 Please visit www.NCRealEstateWeb.com and return as often as you like.

During these "Dog" days of summer we are all trying to stay cool and keep our utility bills as low as possible. I came across the Tax Incentives Assistance Project today.

The Tax Incentives Assistance Project (TIAP) is sponsored by a coalition of public interest nonprofit groups, government agencies, and other organizations in the energy efficiency field.  It is designed to give consumers and businesses information they need to make use of the federal income tax incentives for energy efficient products and technologies passed by Congress as part of the Energy Policy Act of 2005.

So whether you want to go green, save on your utility bills, or save on taxes this site has information you can use.

The following report is provided as a public service by David C. Recker, Realtor, RE/MAX Point East, Rocky Mount, North Carolina. The following are indicators of the Greater Rocky Mount Area Real Estate Market.These statistics were gathered from data contained in the local MLS system and cover Nash and Edgecombe Counties in North Carolina.

Active residential listings totaled 1055 properties. This is an increase of 1 property, or 0%, from 1054 in June. This is typical for this time of year as  most sellers put thier homes on the market in early Spring.  

Newly listed properties totaled 172. This is a decrease of 49 new listings, or 33%, from 221 last month.

Sold properties totaled 115. This is a decrease of 43, or 28%, from last months total of 158 residential properties sold.

Pending sales totaled 143. This is a decrease of 15, or 10%, from last months total of 158 properties pending settlement.

The Greater Rocky Mount Area currently has a 9.2 month housing supply based on the July 2007 sales rate. This is up from a 6.7 month supply in June 2007.

What does all this mean? The local housing market is still saturated with available housing. The stable inventory numbers for this month are typical for this time of year. These indicators show that we are still in a strong "Buyers" market and will be for the foreseeable future. What is a Buyers market? This is when conditions exist that allow buyers to obtain concessions from sellers that they would not receive in a balanced market.

 What is considered a "Balanced" or "Normal" market? typically this is when houses sell between 3 - 4 months.

If you are looking to buy, this market is for you. In this market buyers typically get more for their money and receive seller concessions regularly.

If you are a seller this is not a bad time to sell. You just need to have a realistic expectation of your homes value and need to work with a Realtor that will provide maximum exposure for your property.

Feel free to contact me with any questions or comments you may have. Also, please visit my website http://www.ncrealestateweb.com/ .