2011 Carolina Balloon Fest in Statesville NC – October 21-23

IMG_0335_1 The Carolina Balloon Fest is the second largest Balloon rally in the country.  Located beside the Statesville Airport, it is a day you won’t soon forget.  Bring your whole family for a weekend of entertainment, food, children’s fun area, artisans, beer and wine tasting, and 50 hot air balloons will entertain you throughout the day.

Bring lawn chairs and blankets (pets & coolers will not be admitted) to enjoy the beautiful Carolina autumn weather as the backdrop to the sights and sounds of colorful hot air balloons, check out the craft vendors and local artwork and make sure not to miss the Wells Fargo Balloon Glow in on Saturday evening.  Bring the kids out the kids zone with a wide variety of bouncers for them to play on and then grab some great food and sit down to enjoy a large variety of bands and local talent on the stage including our own Karla Causey and Burning Bright.

Check out the festival schedule for full details of each day’s events.

Balloon launches are scheduled early morning and the gates open at 7:00am and in the late afternoon between 3:30 – 5:30pm depending on the wind conditions and the weather.

Admission is $10 at the gate and parking is free.  For all you locals out there – Friday is community  New parking arrangements this year which includes satellite areas with buses running to the festival site.

Please visit the Carolina Balloon Fest website at www.carolinaballoonfest.com for more information.

 

 

It has been an amazing year in Real Estate in Statesville NC

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I know you have heard the news and read the papers that the Real Estate market stinks!  Home sales are down, inventory is high, Realtors are starving, foreclosures are taking over…….Blah, Blah, Blah………..

Well, let me correct a few things for you about the Statesville area that may put a smile on your face.  Don’t forget, all real estate is local and listening to the national news will not give you a true picture of Iredell County and the Statesville area.  I am actually having my best year ever in Real Estate and 2010 was my second best year.  Now, granted, I have only been in the business since 2005 and have not really experienced “a good market” but the fact is that I am still here and thriving!

We had a recent training by a representative from the Iredell County Tax office and Steve Irving shared some facts and figures with us that may come as a surprise to you.  You can view the slide show on their website but here are the highlights.

Iredell County is reassessed every 4 years to equalize property values and with the amount of foreclosures on the market, you would think our values would have come back much lower in January than 4 years previous – but you may be pleasantly surprised to learn that there has been very little change.

The 2011 Valuation showed an AVERAGE decrease of approximately 1.5% (all types of property) and only 1.92% for Single Family Homes. The big loser here was manufactured homes at a decrease of 15.67%.  Here is the the big surprise…..Only 1% of all sales were foreclosures!

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Although lot sales were down and new home construction was almost non existent, there were some bright spots.  Rural land sales greater than 1 acre were up due to Farmer to Farmer Sales (let’s keep those farms going!) AND our overall average assessed value in relation to 2010 sales value was at 98.7%.  Pretty good job Iredell County.  Now I know property values can tend to be a sore spot for many people but it is not an easy job to do and you do have the right for an appeal of your value but overall, the values are pretty darn close to reflect the current market.

Revaluation Brochure

 

This was the most recent report from the Charlotte Regional Realtor’s Association for the week ended August 6th that shows New listings decreased, inventory decreased and pending sales increased for the Charlotte Region.

So……. Cheer up!  Things are not as bad as they may seem.  I will keep you posted on more good news in our fabulous County – so stay tuned.

 

Buy a HUD home for just $100 down in Statesville NC and Iredell County.

Below is an article from my weekly e-blast sent out the buyers looking for homes in the Statesville NC area. If you would like to be added to the list to receive weekly distressed listings in Statesville, Iredell County, Troutman and Mooresville, please feel free to sign up and I will add you to my list. HUD Website

Happy Friday!

I hope you all received (and read) my May newsletter:) I have tried to keep you up to date on what is happening in the Statesville area and the market and I hope it is helpful. This week I would like to talk about buying a home for just $100 down. That’s right, HUD has a program available that allows you to buy a HUD home for just $100 down in conjunction with a FHA loan.

Normally, FHA has a 3.5% down payment requirement, but this program works with just $100. It is available for owner occupied FHA insurable HUD homes. The HUD $100 down program is a great opportunity to get into a foreclosed home for only $100 dollars. On November 23, 2007, The Department of Housing and Urban Development better known as the HUD $100 Down Payment Program announced a new buyer’s incentive program which went into effect to allow home buyers to use a $100 down payment under certain circumstances.

The $100 down payment HUD program in Statesville NC and surrounding areas allows people to buy homes in which they plan to live, using an FHA loan, as long as they offer HUD the full amount at which the home is listed. Using the HUD $100 dollar program has great benefits including seller paid closing costs up to 3% and a FREE appraisal. You will not have to come to closing with any more than the $100 if you get them to cover all your closing costs. What a deal!

HUD homes eligible for the $100 down payment program have all been foreclosed upon by their lenders; the loans involved in the foreclosure were FHA-insured. Other foreclosures on which the loans were not insured by the FHA do not become HUD homes and are not eligible for the $100 down payment program.

HUD has a great site for answering all your questions about buying a home and FHA Financing.

100 Questions & Answers About Buying A New Home

Search for HUD homes Here

You can always call me if you need additional information too! Questions and Answers on how to buy a new home Don’t forget… there is also the USDA 100% program available to homes outside the city limits. Call me for more details. Rates are hovering around 4.5% right now and the time to buy a home is perfect. Next week we will be talking about the Mortgage Credit available through NC Housing and how it can help you save thousands of dollars on your new home and help you reduce your monthly house payment. Stay tuned..

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Statesville NC Real Estate Guide –Sonya Leonard, Exit Home Team Realty Agent Sonya Leonard of Exit Home Team Realty is your local real estate expert in Statesville North Carolina.  The Statesville Real Estate Guide provides free access to individualized home searches for all homes in Statesville, Mooresville, Troutman, Lake Norman and the entire Lake Norman Area.  Explore buyer and seller reports, community resources, new home communities, and be sure to sign up for you’re my exclusive FREE Weekly Distressed Sales List.  Let Sonya help you INVEST in Real Estate and your Future! (704) 450-0588. Exit Home Team Realty