Arden

• Unit D Azalea Point, $63,000, PC Life Properties LLC to Richard Rossi

• Lot 4 section 1 block D of Mountain View, $152,000, Kimberly H. Chastain to JoeDavid Matthew Hall, Anna Jean Weaver

Asheville

• Lot 8 section 3 block B of Kimberly Woods, $328,000, Allan J. and Julia A. Dawson

• .234 acres on Biltmore Ave., $480,000, Public Interest Projects Inc. to Parcheggio AVL LLC

• Unit 203 building G of Biltmore Park Town Square (Parking spaces 17 & 74, storage closet 4B-S23), $355,000, Town Square West LLC to Leonard J. and Marcia J. Rzonca

• Lot 16 Fairfield Heights, $100,000, Estate of Cartha Lou Nicholson, Jan Nicholson and Pete Hildebrand to Joe Arlington Nicholson

• 173 Old Shoals Road Ext., $35,000, Robert Allen Taylor to Ricky J. Branks

• 346 Deaverview Road (Lots 16-17), $85,000, Jose Rodolfo Cortinas Quinones and Emilia Quintero, Ivan Cortinas Quintero to Mountain Housing Opportunities Inc.

• Lots 6-7 of Morningside Park block C, $255,000, Candy Lynne to The Michael P. and Barbara Chase Living Trust

• Lot 23 block U of Biltmore Forest, $1,275,000, Frank H. and Katherine Clark Moretz (a. k. a. Katherine McKenzie Clark) to Joanne M. Eldred

• 39 Washington Road (0.337 acre), $355,000, Jonathan D. and Sonja J. Inman to Albert J. Siemens

• 28 Arborvale Road (Lots F & E block 7 of Arborvale Park), $320,000, Donna M. Morris to Frank Winget and Janine Kennedy Griffin

• 155 South Lexington Ave. (Unit B303 building B of Lexington Station), $175,000, K & K Rentals LLC to Paul Viera

• Lot 22 of Monroe Place, $120,000, Georgia M. Muckelvene (f. k. a. Georgia A. Wilkins) to T. Nicholas and Trista Hudzik Reynolds

• Lot 103 block 2 of Park View, $12,500, First Troy SPE LLC to DRA Living Inc.

• Unit 303 of Biltmore Commons phase 2, $115,000, RB Mason Living Trust to Sharon A. and George H. Roller Jr.

Biltmore Lake

• 36 Cats Whisker Court (Lot 602 block H of Biltmore Lake phase 1), $357,000, Biltmore Lake LLC to Jerry B. and Carol O. Sutton
Buncombe County

• Unit Z4 of the Cloisters phase 4, $83,000, Charles C. and Rhonda Deweese to Edward E. Loewe (99 percent undivided interest), Jennifer Loewe (1 percent undivided interest)

• 46 Luther Cove Road (Lot 30 of Mountain Vista at Luther Cove), $180,000, Wimbledon Properties LLC to Ashley N. and Kenneth E. Parker

• 200 Glendale Ave., $39,000, Joan M. Mayhall, Patricia Diaz Deleon to Joan M. Mayhall

• Lot 1 Short St., $30,000, Douglas Reggy Snipes to Ballard Tate Pearson

• 105 Barker Ave. (Lot 7, .098 acre), $20,000, Steven R. and Alexandra L. M. Holland to Samuel and Nancy Duckett

• Unit 5-D and 213 of 21 Battery Park Condominiums, $730,000, William J. Millsap to Christine Burns-Fazz and Lee Fazzi

• Lot 43 of Tiny Farms section E, $220,000, Philip William and Reiko N. Dowd to Jerry Jerome Sherman

• 3903 Trinity Court Unit JJ-3 (Unit JJ-3 of the Cloisters phase 5), $155,000, Wallace L. and Ellen M. Anderson to Dennis R. and Susan J. Gregory

• Lot 218 of the Settings of Black Mountain phase 2, $92,500, David Rosenberg, Susan Bartlett to Michael D. Aronas, Catherine L. Nichols

• 2426 Bear Creek Road (1.198 acres), $58,000, Judy Pauline Malone to Albert Ray Autry

• 73 Morris St. (Lot 22 of Wonderview Homesites ), $125,000, Ronald J. and Janice F. Rakickas to Propst Properties K & K LLC

• 169 Dula Springs Road (1.8 acres), $25,000, Belinda Fountain Hamlin (f. k. a. Belinda Fountain Smithwick) to Greg Hamlin

• 26 Portobello Road (Lot 56 Cotswolds phase IIA), $578,000, Eddie and Carri Hudson to Larry E. and Valerie M. Miller

• 569 Upper Grassy Branch Ext., $95,000, Margaret F. Alaia (f. k. a. Margaret Fightmaster) to Michael and Patricia Mashburn

• 25 Daisy Hill Road, $209,000, Warren Wilson College to Shawn Swartz, Holy Bumgartner

• 519 Old Leicester Highway (0.61 acre), $42,500, TD Bank NA to Cynthia D. Honeycutt, Michael George Maynard

• Lot #43 of the Heights At Altura, $13,500, Scott Carter/Altura Communities LLC to Francis and Maryann Semmens

• 128 Lake Drive (Lot 150 of Biltmore Farms), $575,000, Branch B & T Co. to William A. and Joyce Seerburg

• Lot 18 of Raven Ridge, $185,000, Thomas Mitchell and Meredith Terrell Freeman to Charlotte Nelson and James Richard Owen III

• Lot 14 of Indian Hills and 2 tracts on NC Highway 63, $85,000, Jerry J. and Shirley Allison to Gregory C. Teresa L. Turbyfill

• Unit 6 Byrd Road Townhomes, $260,000, Larry J. (a. k. a. Larry S.) and Susan J. Powell to Fred E. and Carolyn E. Flanigan

• .29 acre on Chunns Cove Road, $6,000, Walter E. Ogilvie III to J. Paul and Nancy O. Martin

• .29 acre on Chunns Cove Road, $6,000, Walter E. Ogilvie III to the Sonia M. Pawluc Revocable Trust

• Lot 22 of Sunny Ridge, $260,000, Christopher C. Dennen, Elizabeth A. Lipski to Bernard M. Laporte, Debra J. Mager

French Broad

• 3.832 acres on Jupiter Road, $65,500, Virginia W. Freeman to Larry S. and Marilyn D. Sprouse
Hazel

• 534 Deaverview Road, $28,000, Wade and Lily Elder to David Mission, Erika Harrison

Leicester

• Lot 1 of Moores Valley, $85,000, WKRB LLC to Mark Ralph and Talmadge N. Stringer

• Lot 40 of River Highlands At Madison Crossing, $40,000, WFG NC I LLC to the K. Fantasia Family Trust

Reems Creek

• 320 Kyfields (Unit 321 of Kyfields Towne Homes phase IIIK), $182,500, American Home Mtg. Servicing Inc./American Home Mtg. Corp. to Martha Jane Denton

• 1235 New Stock Road, $80,000, Beneficial Financial I Inc.

Upper Hominy

• One-third acre on O. L. Israel Road, $29,000, Darrin K. and Darlene Frost Riddle, Larry L. and Mitzi K. Riddle, Michael D. and Patricia Diane Riddle to Juanita and John Luther Roper Jr., Shan Allan Roper

• 175 Warren Creek Road (1.6 acres), $105,000, Joseph Glenn Rogers Jr. to William A. Woody

Weaverville

• 839 Reems Creek Road (5.13 acres), $165,000, Nancy Kern to Abe N. Lindsey, Suzanne Evon

• Lot 4 section 1 of Twin Brook Hills, $230,000, Raymond and Raechelle Freeman to Eddie D. and Kelly McDonald

• 33 Ballard Road, $232,000, Robert C. and Jan Love Akers to George J. and Pamela T. Stein

See full article at Asheville Citizen Times

www.RadioAsheville.com for more information – see videos of the radio show and get information often relevant across the country to selling and buying a home. For example, want to know more about radon? Watch the radon show. Want to know more about what it means to live in a community? See the community show. We give serious information and giggle quite a bit. Plain English Radio Show hosted by Rowena Patton, Patton Property Group at Keller Williams

Property Sales in Buncombe County October 2011
Arden
* Lot 50 of Waightstill Mountain phase IX, $168,000, Windsor Aughtry Co. Inc. to Laura L. Parker
* Lot 16 of Ashley Woods phase 1, $389,000, Brad Sczesny, Michelle Sczesny, Joyce Sczesny
Asheville
* Lot 39 of Scenic Bluff, $170,000, Dung Le Huynh to William Leonard and Nettie B. Engels
* Unit 210 of Beaucatcher House Condominiums, $195,000, Hopkins LLC to the Walter Max Hughey Revocable Trust
* 67 Fairfax Ave., $174,500, Timothy N. Osment to Wendy L. Morrison
* Unit 108 of Beaucatcher House Condominiums, $150,000, Beaucatcher Condo LLC to Carlanda Dragoin
* 9 Craftsman Circle (Lot 5B of the Wildes at Chunns Cove), $300,000, Vicki S. Bell to Annette M. Richards
* Lot 7 block 4 of Kenilworth Realty Co., $155,500, Thomas E. and Kathleen H. Jones to Francis Donohue, Alison Johnston
* .79 acre on Long Shoals Road, $1,100,000, JMAC Real Estate LLC to Dreamland Drive In Theatre Inc.
* 19 Holly Crest (1.53 acre), $240,000, Brian S. and Joni L. Bloxsom to Doreen E. Larue
* Unit 300 of Beaucatcher House Condominiums, $225,000, Jeffrey J. Constantine, Joyce M. Mayer to Daliah L. Gans
* Lot 161 section 2 of Oakbrook at Biltmore Park phase 1 (.0123 acre), $415,000, Brian R. and Allyson S. Etheridge to Moriah K. and John T. Bryant IV
* Lot 5 at Pennsylvania Ave. and Wellington St., $72,000, Garretson S. Browne to Timothy W. Kennedy
* Lots 87-88 block A of Sulpher Springs, $162,000, Christopher S. and Cynthia K. McGrayne to Walter Fred Williams
* Lots 122-123 block H of Broad View Park, $136,500, Harvey Jenkins, Harry R. Hall Jr. to Leslie J. Lepp
Avery’s Creek
* 211 Rivercrest Boulevard (Lot 55), $258,000, Bryan D. and Eva S. Saxon to John Mark and Heidi Lee Jacosalem
Biltmore
* 123 Hemphill Road (0.123 acre), $40,000, Neva Mae Wall to Gary Andrew Mehalick, Jeffrey Lewis Danford
Black Mountain
* 139 Cherry St., $240,000, Barry Bruce Ricketts to Northhub LLC
Broad River
* Lot 18 of Miller Cove (3.2 acres), $40,000, Stephen Smith Farrell to Britany Ogorman
Buncombe County
* 59 Elizabeth Place (Lots 34-35 block B of Lennox Park), $88,000, Mae Belle Conner to Hummingbird & Honeybee LLC

* 28 Alpine Way (Lot 6 block A section 1 of Happy Valley), $225,000, Jane Lewis Nelson to Sharon Lovich, Jeff Altman
* Lots 55-56 of Galax Park (Galax Ave.), $40,000, Sarah Elizabeth Hawkins to Chase & Chase LLC
* Lots 55-56 of Galax Park (Galax Ave.), $40,000, Sarah Elizabeth Hawkins to Michelle D. Miller
* 27 Glen Cove Drive (Lot 21 of Glen Arden Heights), $310,000, Mike Emerson to Sergio and Marta M. Ferragut
* 32 Bradford Vistas (Lot 18 of Waterford Lakes), $690,000, Aurora Loan Services LLC to Berton T. Hall, Kathleen K. Stephen
* 561 Emma Road, $40,000, Christopher David Walker to Barnett Properties LLC
* Lot 45 of Grand Highlands At Waterford Lakes, $50,000 Wells Fargo Bank NA to Chris Eller
* Lot 5 of Woodland Hills section 10, $262,500, Longfritz Family Trust to John P. and Catherine Tuck Murhpy
* 530 Crowfields Lane (Unit 1 of Crowfields Condominiums), $154,000, Janet B. Leavitt to Michael A. and Priscilla L. Herzoff
* 509 Sondley Drive South (Lot 103 of Sondley Estates), $685,000, JP Morgan Chase Bank NA to the Patricia Szlauderbach Revocable Trust
* Unit 11C of Lookout Condominiums Cluster 2, $137,000, Franklin A. and Bailey Schutz Balentine to Cyd N. Reso
* Lots 107B, 108 A & 108B of the Jackson Park Addition, $120,000, KA Smith Co. to Ashley Brooke Smith
* 125 Leisure Mountain Road (Lot 7B of Foxfire Mountain Homes, 1.13 acres), $415,000, NC Mountain Holdings Inc. to Jeffrey S. Wilson
Candler
* 900 Vista Lake Drive Unit 305, $77,000, Norman Winthred (c. q.) Luther II Trust to Jack Edward Herbert
Fairview
* 22 New Lite Road, $198,000, Janet M. (f. k. a. Rohe) and Jason P. Walton to Mark H. and Jennifer H. Quade
Lower Hominy
* 347 Oak Hill Road (Lots 16-17), $50,000, Teena C. and James T. Keefer to Peggy Jones, Brenda Rice
* Unit 23-B of Pisgah Estates, $142,000, Gordon M. and Irma E. Hyde to the Carolina Conference of Seventh Day Adventists Inc.
* 74 Oakdale Drive (Lot 76 of Mountain View Hills), $126,500, the Hubert T. Wolfe Trust (FBO Sheila Wolfe) to Althea Wilkins
* Lot 2 of Oak Hill, $109,000, The Martha Brown Rector Estate, Frederick Allen and Edwina M. Messer, Gregory Dean and Julie Ann Messer, Darren Lee and Kari L. Messer to Kelsey V. Rahusen
Reems Creek
* 133 Points West Drive (Lot 431 of the Views at Reynolds Mountain phase IV), $765,000, Altamont Development LLC to Frank T. and Eileen S. Vangrofski
Weaverville
* 40 Worthington Lane (Lot 15 of Worthington Ridge phase III), $170,000, Aurora Loan Services LLC to Jarrod L. Coomer
* 101 Clark St. (Lots 8-9), $192,000, Dana R. Fox, Rhonda W. Fox to Alisa D. Henning, Amber N. Mowery
* Lot 24 of Fox Lair Crossing phase 1, $40,000, First Troy SPE LLC to Fabrizio and Laura C. Corte

See properties available in Lake Lure here

National Geographic has called Lake Lure one of the most beautiful man-made lakes in the world. Visitors come to enjoy the 720 acres of lake, sparkling clean beach area, and the incredible Blue Ridge mountain range including Chimney Rock.

Lake Lure, close to Black Mountain, Asheville and Hendersonville NC

The North Carolina mountains region is scientifically known as a ‘temperate broadleaf mixed’ forest. The deciduous trees are responsible for the great fall color. In these deciduous trees’ leaves, a pigment called chlorophyll acts as the food factory for the tree, capturing the sun’s rays and converting them into vital nutrients into stored energy. When days become shorter and nights longer and cooler, the leaves begin to rein in food production, in attempt to shut down all but the most vital survival functions for the coming winter. Chlorophyll production halts, allowing the ‘real’ color pigments in the leaves to show through their waxy surfaces. In a typical southern hardwood forest, you can expect to see the following colors from the trees that make up this ecosystem:

Dogwood: red
Sweetgum: red to purple
Red Maple: red to orange
Oaks: red to brown
Poplars: yellow
Birches: yellow
Mountain Ash: yellow

Data firm CoreLogic just released a home-price report showing that a number of States had an increase in home prices. West Virginia had the highest increase at 8.6 percent. According to this report, North Carolina remains fairly flat.

Get the advice of your Realtor when making decisions based on figures such as these. While they can be interesting to look at in terms of an overall trend, real estate is LOCAL – for example the Asheville NC market is VERY different to the Charlotte NC market and so on. Metro areas in a State can act very differently to a rural area. I believe that many problems in real estate can be linked to misunderstanding the headlines and data that we see on the housing market every day.

For Asheville NC area housing data, please visit www.HousingFigures.com

CoreLogic August Home Price Index (year-over-year change)

Source: CoreLogic August Home Price Index.

Full Table of States

CoreLogic August Home Price Index (year-over-year change)

Source: CoreLogic.

Data firm CoreLogic just released a home-price report showing that a number of States had an increase in home prices. West Virginia had the highest increase at 8.6 percent. According to this report, North Carolina remains fairly flat.

Get the advice of your Realtor when making decisions based on figures such as these. While they can be interesting to look at in terms of an overall trend, real estate is LOCAL – for example the Asheville NC market is VERY different to the Charlotte NC market and so on. Metro areas in a State can act very differently to a rural area. I believe that many problems in real estate can be linked to misunderstanding the headlines and data that we see on the housing market every day.

For Asheville NC area housing data, please visit www.HousingFigures.com

CoreLogic August Home Price Index (year-over-year change)

Source: CoreLogic August Home Price Index.

Full Table of States

CoreLogic August Home Price Index (year-over-year change)

Source: CoreLogic.

Arden

22 Twin Brooks Road, $150,000, Jennifer M. Deaton to Sarra Mossoff

Lot 20 of Waightstill Mountain, $173,500, Windsor Aughtry Co. Inc. to Agnes Maurer

Lot 66 of Waigthtstill Mountain phase IX, $175,000, Windsor Aughtry Co Inc. to Ryan E. Felten, Estee Nohelani Bautista Felten

Lot 32 of Riverport, $27,500, John E. and Lillian M. Shipman to Y. L. Phillips

Asheville

Lot 7 block B of Buena Vista Forest, $190,000, Mark Steven and Katharine G. Davis to Mathew H. Jackson and Sonja N. Reavis

Unit 3A of Sixty Haywood St. Condominiums, $300,000, Wade H. Macfie, Evelyn M. Lyles, David L. Macfie to Richard T. Nathan, Sherry N. Dubester

Lot 23 of Clear Vista, $373,000, Ashvino LLC to Edward J. Zawaki

Lot 6 block K of Oak Forest, $260,000, Anthony M. and Maryshell B. Zaffino to Scott D. Groce

Lots 9-10 of Broadmoor, $90,000, Robert Lee and Barbara Jean and Robert Lee Warren to Susan H. Reinecke

92 Martin Ave., $218,000, Richard E. Orris, Jennifer R. Nathan to Karen A. Oelschlaeger

Lot 2 of City’s Edge, $25,000, West Carolina Homes Inc. to DC Properties of Asheville Inc.

Unit 120 of Beaucatcher House, $153,000, Beaucatcher Condo LLC to G. Daniel Tau, C. David Warren

Lots 59-60 block C of Lucerne Park, $272,000, David A. and April Moon Harper to Robert Vincent Miller, Mamie Beth Burnam

759 Starnes Cove Road (Lot 4 of Shadow Oaks), $51,000, Wells Fargo Bank NA to Valerie Hewett

Lots 8-9 block C of Chedworth Hills, $227,500, John A. and Nancy A. Kramer to Amy Brandenburg, Matthew Nielson

Lot 184 of Sunset Mountain Co. Inc., $529,000, Keith Alan and Ashley Brooke Smith to John M. and Sue H. Olesiuk

Gooches Peek Road property, $90,000, Deborah F. and Edward D. Shelton, Christine F. and Cleve Lloyd Reese, Lisa and Donald C. Holliday to William and Jill Gottenstrater

Unit 7 phase 1 of Racquet Club Village, $175,000, Billy M. and Elizabeth B. Bagwell to Holly and Peter T. Roe Sr.

4 Patti Lane (.811 acre), $196,500, Lisa Otto to Nancy E. Avalon, Judith L Zelko

26 Blake St., $416,000, Laura Cambre and James McKinney Moye III to Malinda L. Low

Lot 14 block D section 3 of Tiny Farms, $175,000, Charles E. and Janet King Radford to Kevin and Candace Shultz

Biltmore Forest

314 Vanderbilt Road (Lot 42 block A of Biltmore Forest), $390,000, Paul Huffman Miller and Eleanor Berthoud Miller Living Trusts to Barbara M. and William C. Baggett III

Black Mountain

104 Sixth St., $141,000, Joanne Harsch Cook to Michael J. Guzalak

77 Wagon Trail (Unit 77 of Highland Farms Cluster Homes building 16), $240,000, Highland Farms Inc. to the Charles A. Chilton and Eugenia P. Chilton Revocable Trusts

Broad River

Lot 16 of High Cliffs At Round Mountain (High Cliffs Trail), $145,000, Suntrust Mtg. Inc. to Arden Property Management LLC

Buncombe County

Lot 12 section 2 of St. Andrews Brookwood Community, $223,000, Robert G. Black Estate to Margaret W. and Robert G. Black Jr. to Michael D. and Julie B. Armstrong

36 Azalea Road, $156,000, Phillip M. and Amy S. Trees to Cara M. Carlson

1 acre at Home Fire Cove, $17,500, CMH Homes Inc. to Jerry M. Tedder Jr.

Lots 14 Cliffs At Walnut Cove phase 4 (Secluded Hills Lane) & 14A of the Cliffs At Walnut Cove phase 4 (Stoneledge Trail), $230,000, Atlas NC I SPE LLC to George G. and Sarah S. Bauernfeind

Lot 3 of Beech Glen, $175,000, Debra B. Paris to Tracy S. Cutshall

Lot 19 of Waterford Lakes, $912,000, Cypress point Investments Inc. to Seth E. and Jeanette P. Larsen

Lot 4 of Scott Mountain subdivision phase 1, $57,000, John Arthur Satterfield, Vicky Ann Wells to Edgar Lee and John Arthur Satterfield

17 Park Lane (Lots 66-67 section A of Sandhill Estates), $115,000, Brent and Meredith E. Allen, William B. Evans, Christine Conrad to Lynne Boggs Heinmiller

Lot 10 block W of EW Grove Kimberly Lands, $386,500, Sheldon and Juli B. Altschul to Mara L. and David K. Alexander

Lots 4-5 of Bird Creek Estates, $425,000, Wells Fargo Bank NA to Wesley Kirk and Noelle Marie Harralson

14 Eagle Lane, $32,500, John A. and Janice M. Fletcher to Bryan C. Todd

31 Fieldcrest Circle (Lot 19 section E of Tiny Farms, $203,000, Brooks M. Butler, Kirby L. Morrow to William and Sara Quinley

12 Blenheim Court (Lot 84 of the Cotswolds phase III), $675,000, Robin C. Rosenberg to Preston R. and Cynthia L. Kirby

Lot 158 (Unit 158) block B1 of Ramble Biltmore Forest $135,000, Hometrust Bank to David E. and Ann R. Levine

373 Biltmore Ave., $500,000, Hometrust Bank to Hospice of Henderson Co. Inc.

Lot 11 of the Cliffs At Walnut Cove phase 5, $230,000, Clear Development Inc. to C. David and Patricia L. Wyche

2 Claircastle Drive (Lot 6 of Kirk Glen), $270,000, Colleen O. Helman to William Brian and Allyson W. Sineath

Lot 10 of Hadley Park, $210,000, Mitchel L. Adler to Michael L. and Lorraine E. Lanius

Lot 3A-12 of the Setting of Black Mountain phase 3-A, $48,000, Phil Tam Enterprises LLC to Jaminkumar Patel

704 Olde Covington Way, $110,000, Celeste L. and Daniel Robbins to Jennie E. Ramsey

50 Wembley Road (.51 acre), $462,500, Estate of Billie Jones Buckingham, Sarah Buckingham and Bruce Ernest Burnette, Susan Buckingham and Jeffrey Lynn Tilghman to Gary M. and Janet D. Herndon

Lot 1 of Estelle Park (100 Estelle Park Drive), $215,000, Matthew R. and Natalie King to Dianna Shea and Brian Patrick Ivey

Lot 1 of Beverly Hills Co. block I, $187,000, Nancy Gomoll to Jennifer Winn, Wayne L. Stone

Lot 51 block A1 of Ramble Biltmore Forest, $170,000, Ronald J. and Rose Marie Storto to Claude A. and Teresa Newman

420 West Haywood St. (.165 acre), $75,000, John Henry Nelson, Greta Ann Dietrich to Nancy C. Rohan

75 New Jersey Ave., $148,000, Ronald M. Jacobs to James Rumbaugh

Lot 12 block C of EW Grove Park, $450,000, Ronald P. and Karina Wardell to Charles R. and Sally L. Bridges

Lot 1139 of the Garden Homes At Biltmore phase 1, $315,000, Yuankai Ge, Xiaohe Song to John J. Ireland

Candler

34 New Bailey Ridge Road (Lot 6), $185,500, DRA Living Inc. to Marshall L. Brown

Fairview

Lot 343 of Butler Mountain Estates phase 4, $1,650,000, David H. and Malinda L. Low to Raymond D. Green, Catherine J. Rezak

Leicester

4 parcels on Macedonia Road, $62,000, Joyce J. Pike to Stephen D. Pearson

Property on Bear Creek Hills Drive, $30,000, Gerald Sluder to Dewey R. and Patricia E. Sluder

Limestone

121 Lower Christ School Road, $37,500, CMH Homes Inc. to Paula J. Conley

Lower Hominy

15 Brookside Circle, $21,000, William Lowe Haun to Joanne and Doyle Shelton

Reems Creek

29 Ballard Branch Road, $60,000, Elmer Ray Dillingham to Margaret H. Newell

111 Old Weaverville Road, $30,000, Jack E. and Joyce W. Blazer to Randy E. and Vicki L. Burgess

Upper Hominy

Lots 55-56 of Patterson Farms (1.567 acres each), $80,000, Jervis Daniel and Glenda L, Patterson (a. k. a. Patteson), Odell O. and Brenda Patterson Harrill to James R. and Patricia K. Coller

Woodfin

19 Wild Cherry Lane, $229,000, Johnnie and Valerie Elliott to Laura and James K. Minick

See videos here

Sunday, October 2, 2011

Selling a home $500k plus in the Asheville NC area? What are you competing with?

See other home selling tips here 
Asheville homes for sale $550,000 – $750,000 – what are you competing with if you are selling your home?
http://www.pattonpropertygroup.com/mlssearch/

Email us today if you would like us to sell your home

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Labels: selling your home

Can’t Sell Your Home? Do Something!

Other home selling tips here



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Labels: selling your home

Are your Buyers Getting Automatic Alerts about your home?

See other “selling your home” video tips

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Labels: selling your home

Tuesday, August 2, 2011

Tips On Effectively Selling Your Home In Today’s Challenging Market

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If you’ve tried for way too long to sell your home and the Days On Market just keeps creeping upward with little or no results – then it’s time now for a major change. Clearly if the home is not selling then that means something has to change. There are some things that sellers today can do that will definitely increase the chances of getting their home sold. 

Do What It Takes – Or Deal With the Consequences

You have a choice to be a sitting duck and wait while the market comes to you, OR you can step up to the plate and grab that market and pull buyers in your direction.

• Have an independent appraisal done on your home so that you are able to correctly assess the value of your home.
• Make sure you price your home accurately. You want to set the price according to the area, its appraised value and according to amenities and upgrades you may have installed. Keep in mind that some things are relative to the competition.
• Keep it on that hot list – you have lots of competition. If you can’t afford much of a price drop, have your agent make small, weekly incremental drop.
• Join with your agent as a partner – grab a link to your listing on their webpage, especially if it has a video embedded and post it on any sites that you are part of – Facebook etc.
• Don’t be afraid to ask your sphere for help – go out to family and friends and your email list – send out the link to the listing on your agent’s website and say something like – I am trying to sell my home and would appreciate you sharing it with anyone you think may be interested.

How To Avoid Your Home From Not Selling Effectively

So many people have no idea why their home is not selling and in their minds they have done all that it takes so they just cannot understand why things are not moving. But if you examine it closely, you will see that if you price your home lower or consistently drop your price, your neighbors will also do the same. Each step will be emulated in the actions of your competitors as well. What is the consequence of that? Together you all will have driven the prices down. You will get the listing fatigue that overcomes many of us when a home has been listed for a while and shown so many times.

Remember to be patient but also take active measures to get the results you want. If you price you home according to an appraisal, you will protect yourself from inaccurately pricing the property and therefore wasting even more time while it doesn’t sell. Not only that, when it does sell – you will have the backing of your appraisal to help stick to your expected price range during negotiations. If you are in the Asheville NC area see our appraisal page here, and if you are not in the area, you can still check out our video blog on the appraisal approach here

More Things You Can Do To Make That Sale a Reality

One way to push things along is to do small incremental price drops on a regular basis, but just enough to make your home pop back up on the radar. What this will accomplish is repeated visibility to the buyers and Realtor network plus it will show that you are serious about your desire to sell but you value your property’s worth.

Engage in your Realtor’s buyer prospects. He or she has likely set up a network of contacts, people that actively request information on new homes and opportunities. There is a good chance your agent already has a wide network of interested prospects through their website, marketing campaigns and past or present clients.Prospecting can also be done organically by reaching out to appropriate people, something your agent will be able to do. For example, at Patton Property Group we have 9500 people set up on automatic property drips – when your home is listed or has a price drop in the area, it automatically goes out to everyone that is set up for that criteria range.

Venture out into new territory. If you hadn’t before, utilize technology to make yourself stand out from your competitors. If possible, embed a video of your home into online listings. Videos are so much more useful than postage stamp pictures on the internet. Have your agent set up a homes video blog for you so that you and your friends and family can comment. See an example of this at www.AshevilleHomesTV.com - switch out Asheville for your town and off you go! Set up a Facebook page to provide further insight into your property for those who want to go beyond the standard listing information provided. See an example of a targeted Facebook page here.   Do new and interesting things that will pull potential buyers in and keep them interested.  See other tips here
~
Selling property is no new phenomena. But when you factor in the state of our current market and the myriad ways that your competitors are actively selling their homes, you will have to get creative to put yourself on the map. Move away from engaging only in age-old selling techniques. Venture into new territory and break out of the box so you and your home stand out. Or, if you are overwhelmed just thinking about it, make a checklist of what you think will work and find a Realtor who is progressive! Check out our progressive RATE #1 agents here and the areas they cover.  You will indeed enjoy success far quicker and better than those who sit around and don’t do anything new.  Do something different, and expect a different outcome!

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Labels: selling your home

Friday, July 15, 2011

Buyers Enjoy More Leeway From New Home Contact Changes in North Carolina

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When a change occurs in the real estate policies and procedures of any locale, it usually has some impact on any or all of the players involved.  In this year’s case, when North Carolina imposed some changes its laws regarding new home contracts, it resulted in some interesting implications on both buyers and sellers.  The advantage seems to lean more in the direction of buyers in this case. 

Then:  Financing And Inspection Contingencies
Now:  Due Diligence Period

By making this significant change from the way things used to be, buyers now have a specific period of time within which they must accomplish a number of things.  All inspections conducted on the home must be done during this time.  Further, buyers need to make any and all decisions of whether they are interested in the home while the contract is in due diligence.  Potential buyers of a new home are required to secure their financing, manage the review of all property documentation and consider their property insurance as well. 

In addition, they need to use this period of time to obtain appraisals of the home, consider zoning issues if any, get a feel for the neighborhood and school systems and familiarize themselves with the locale.  A very important aspect of buying a home and one that must be done during the due diligence period according to the new change, is conducting an inspection of the home. 

Due Diligence Fees Are a Tool For Buyers

The fee for due diligence can easily be $0 but more and more often buyers are realizing that there is a good amount of negotiating power if they offer more.  With the increase of multi-bids savvy buyers know that to gain an edge over others vying for the same property, one way is to put in a bit in the due diligence fee pool.

Due Diligence Implications For Sellers

So, now we know that it is easier for buyers to decide to back out of a contract. Sellers are advised to 1) get an appraisal BEFORE listing their home. List just below appraisal. For more on this, see our blog on appraisals here. 2) Get your home inspected before listing and put right as much as possible. Here’s the way it used to work. Buyer puts in contract, everyone is excited. Yaaaahy – we’ve sold our home! Buyer gets inspections. Buyer asks for some things to be fixed, seller agrees and everyone goes forward. Meanwhile, buyer is applying for loan. Bank gets back to buyer and home does not appraise. Buyer tells buyer agent, tells listing agent, tells seller. Seller agrees to drop price to appraised value, everyone is happy. That was way back when.

NOW, here’s what happens. Buyers are nervous about purchasing a home in the current environment. They have zillions of homes to look at. Okay, ten times as many as a couple of years ago. If things need fixing, this can be a first hurdle where the buyer backs out. Add to that a bank that comes back and says ‘it’s not worth what you thought’ and they may well decide to walk. Get your house in order – literally – before listing. This might cost you $700-$1,000  – however many agents will rebate some of this at closing, and most importantly would you really let your house sale not go through for $700? By getting things tickety-boo beforehand, you will have the greatest chance for a smooth-sailing contract. See an example ofhomes priced below appraisal here



Buyers Are Well Advised to work with a BUYERS agent

It’s always a good idea for buyers to have their own buyer’s agent. If you work directly with a listing agent, that agent is working with; and has developed a relationship with, the seller. Most transactions are completed in this manner in our area, so all agents are used to the process, and of course to sharing the commission that goes along with sharing the work. Meet the Patton Property Group team here. Remember that you are negotiating tens, hundreds of thousands and sometimes millions of dollars. Put a full-time experienced buyer’s agent on YOUR side. It doesn’t cost you anything and could save you a lot. For more on working with real estate agents, see our article

Repairs No Longer Need to Be “Necessary” To Be Required

Before the new changes were put into place, buyers were restricted to repair requests for only those scenarios when an aspect of the home was deemed a “necessary repair”.  If the roof is leaking, the repair used to be deemed ‘necessary’. Now a buyer can request a new roof even if it is not leaking. This could be things that were imminent in the near future and of significant consequence.  At this time, however, buyers are now allowed the freedom to request any repairs that they feel they want done in order to continue with the sale.  Of course, it is up to sellers to accept or refuse to perform those repairs and in case those repairs are refused, buyers have a few options:

Option 1:  Buy the property “as is” and make a notation on the contract that it is an “as is” sale.
Option 2: Continue negotiations and attempt to come to some agreement with the seller for repair items.
Option 3: Back out of the contract prior to the end of the due diligence period.

No Change On Earnest Money

Regardless of due diligence fees, earnest money is still handled in the way it used to be.  If the buyer decides to back out for whatever reason and does so within the time frame and due diligence deadline, then any and all earnest money is to be returned to the buyer. 

The main reason these new aspects to home contracts were implemented is to reduce the number of dates and requirements that went along with them, within the contract process time.  However, the actions have resulted in an advantage for buyers. With the new aspects of home contracts for transactions in North Carolina – the entire process of buying and selling will see a new approach altogether.  And for the moment it seems it is for the better. Read more on due diligence here

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Labels: below appraisal, buyer agency, due diligence, selling your home

Thursday, June 30, 2011

How Buying a Home This Year Has Changed in North Carolina

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Each state has its own home purchase contract standard that can change from time to time and with this year’s major change in the North Carolina contract comes a lot of leeway for buyers.  The most significant change being that financing and inspection contingencies have been removed from the contract, to be replaced with a due diligence term.  This major change impacts the home buying and selling process in four ways, outlined as follows:

Loans Must Be Approved Within Due Diligence Period

While the change made to North Carolina’s contract has implications that largely affect buyers, this particular point benefits sellers.  Unlike before, this time around when buyers express interest in a home – unless they are approved for a loan prior to the due diligence term being up, the seller in most cases would likely not accept an offer on the property.  Also, if the potential buyers decide to back out of the purchase, there is a good chance they will lose the earnest moneythey put down to secure that offer.

Tighter Control Based On Inspection Results

If a home inspection yields results that seem less-than-desirable to potential buyers, those buyers now have the freedom to terminate the contract without penalty.  Prior to the due diligence change, there were stricter guidelines that needed to be followed on both sides of the fence.  In terms of buyers, though, unless the inspection demonstrated an imminent need for repair or replacement, some things could be considered superficial or cosmetic and not deemed as absolutely necessary.  Those types of repairs could potentially cost the new homeowners a significant amount of money in the old scenario but now there is protection from that.  Buyers being able to pull out of a contract based on their own inspection criteria comes with the condition that proper contract procedures are followed.

Streamlined, Simple Timelines

Unlike the previous process, contingencies are now set up in a very simple, streamlined manner.  Buyers (and sellers) now need only concern themselves with three dates; the executed contract date, the due diligence date and the settlement date.  This not only reduces a lot of runaround but it also keeps things manageable amongst both parties.  So now, where there may have been a lot of time wasted in going back and forth trying to fulfill various time requirements and deadlines, the entire process neatly breaks down into three easy to manage sections.

Protection Against Breach of Contract

Given the new guidelines, sellers now no longer have the freedom to breach a contract without reasonable consequences.  Prior to the current changes, at best the earnest money was required to be returned to the buyer and there was little to no recourse for buyers other than to sue the sellers to recover other costs incurred during the in-progress contract period.  However now, the range of reasonable costs has been expanded to include expenses or costs that may have been incurred during the due diligence term.
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Clearly, the language in the new North Carolina home contract purports a greater advantage to buyers as opposed to the previous contact.  Still, it is important to realize that these implications affect all sides of a real estate transaction, in that when following through, there is greater chance for a successful contract, happier parties on both sides and an overall smooth sailing process.

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Monday, April 18, 2011

Who Determines the Value of Your Home?

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It’s the job of the real estate appraiser. His or her job is to evaluate a property and tell you, the buyer, what condition it is in and the value. Of course, as a seller, you can also have your home appraised so you get an objective “third party” view of your property.

Real estate appraisers are licensed by the state. Regulations vary, however, so I recommend you contact either me or a bank for information on qualified and ethical appraisers (more on this later). Often, they are independent contractors associated with appraisal firms headed by a Certified Appraiser or the equivalent.

From a seller’s perspective, it is paramount to have an appraisal before listing your home. Why is this so important? First, you make sure that you are not leaving money on the table by pricing your home as accurately as possible. SECOND your buyers are likely coming from outside your town. Pricing your home at or below appraisal  - and being able to openly state that  - helps to get your home on their viewing list, while the other dozen get cut before they get in the car. Then when you are under contract and the buyers get an appraisal  - your home is more likely to appraise so that they can get their loan. Third, If a bank says your home is worth less, this can leave a taste so bad that buyers pull out. Put an appraisal to work for your home – this small investment gives a big bang for the buck!

What are the Benefits of Using an Appraiser’s Services?

When you are a buyer, appraisers can provide you with two great benefits:

First of all, they can uncover hidden problems that could end up costing you a lot of money down the line. Their appraisal can help you to either avoid the property all together or negotiate a lower price to compensate for future costs.

Second, appraisers can do the opposite — uncover hidden opportunities for you! For example, you might be considering a home that doesn’t look all that wonderful on the outside, but is actually in solid shape as far as its structure is concerned. So, through an appraiser’s efforts, you may end up with an outstanding bargain.
What Kind of Report Will I Receive from an Appraiser?

A certified appraiser should provide you with a written report. These reports generally consist of the following nine items:

1. A description of the property and its location based on a visit to the property by the appraiser. The appraiser evaluates the condition, overall livability based on design, layout, and appeal to the market, and other external factors).

2. An evaluation of the “highest and best use” of the land; that is, the use for a piece of land, or property in general, that maximizes its net present value.

3. An evaluation of sales of comparable properties (usually three) as similar to the appraised property as possible.

4. Information regarding current real estate activity and/or market area trends.

5. An evaluation of the overall real estate market in the area.

6. Statements about items the appraiser feels are detrimental to the property’s value, such as poor access to the property.

7. Notations about seriously flawed items, such as a crumbling foundation, leaking roof, etc.

8. An estimate of the average sales time for the property.

9. What type of area the home is in (a development, stand alone acreage, etc.).

How Do I Find a Certified Real Estate Appraiser?

I can direct you to very qualified appraisers, or you can find one through your bank, as it too should have a list of approved appraisers. If you decide to find an appraiser on your own, check his or her background carefully. As with any profession, there are always a few scam artists who inflate appraisal amounts in order to make more money.

Check with the  Better Business Bureau and the North Carolina State Appraisal Board. You can also check with your bank to make sure an appraiser is not blacklisted.

How Much Does An Appraisal Cost?

Generally speaking, an appraisal runs from $300 to $500. However, fees do vary with location. 

If you need more information on real estate appraisers or any other real estate topic, be sure to call me.  I would love to discuss these matters with you!

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