Simplifying Real Estate In The Carolinas Real Estate Newsletter

Simplifying Real Estate In The Carolinas Real Estate Newsletter

Simplifying Real Estate in the Carolinas
January Showing Signs of Strong Buyer Activity in Low Inventory Market; Time on the Market Dropped to New Low in 2017
Real estate market shows signs of strong buyer activity in low inventory market
Tax Reform & Housing: A Reference Guide
The Changing Tax Code Has Different Implications Across the U.S.
Experts Disagree on Tax Code's Impact to the Market.

When the tax code was originally being overhauled by the House and the Senate, there were three major proposals being considered that would have substantially impacted the residential real estate market:

  • Changing the requirements for the exclusion of gain on the sale of a principal residence

  • The reduction on the limit of the Mortgage Interest Deduction (MID)

  • The elimination of the State and Local Tax deduction (SALT) which includes property taxes

Let’s look how the tax code has evolved from the original proposal, and decipher what impact experts believe it may have on the housing market.

Read the article here.

CG Group's Take: We agree that the reduction on the limit of MID will have a minimal impact on home buyers in the Carolinas outside of those financing higher end properties using a primary loan of greater than $750,000.

Additionally, the Carolinas are a relatively low-tax region compared to states like California and the Northeast region of the United States.

We predict that migrations to the Carolinas from high-tax states will increase in the next couple of years as Charlotte and Raleigh hiring economies remain strong.

Five Tips to Prepare Your Home for Market
Five tips to prepare your home for the real estate market.
Make Your Home Stand Out From the Competition.
First Impressions Matter Most.
1. Focus on your home’s curb appeal.  That means power washing your house—driveway and sidewalks included. Spruce up the outside with fresh flowers and landscaping. Paint the front door and update exterior fixtures. Repair wood rot, windows, and damaged roofs. (Read the rest of the article here.)  
CG Group's Featured Properties of the Month
7123 Three Wood Drive / Emerald Lake (Matthews, NC)
Stunning Golf Course Home.
MLS description - Full brick with golf course view in Emerald Lake! Features include 4 bedrooms, 2.5 baths, office and bonus room, side load garage, Bose surround sound speakers, two story great room, open plan with master and second bedroom on main, 2 bedrooms and media room on upper, hardwoods in most of main living areas,kitchen offers granite counters and tile backsplash, and computer niche, all appliances remain including fridge, washer and dryer! Golf course community with pool. Union county schools/taxes! MLS 3335664.   Click here to see the home online. Want to see this home in person? Call CG Group at 704-879-3002 to set an appointment.
9517 Heritage Lane / Heritage Estates (Union County, NC)
Every Horse Lover's Dream.
MLS Description: Breathtaking southern estate with too many details to mention near 485. Ranch includes bed & bath upstairs. Detached workshop, parking for RV/trailers, 3 horse stalls connected to heat/cooled workshop, and extensive electric fencing an added bonus. Inviting kitchen granite island and breakfast bar.Two person whirlpool tub in master bath. Oversized laundry room. Aluminum screened porch frame could be converted in the future to windows. Hot tub on patio. Custom brick work for woodburning fireplace/wood box. MLS 3277998.   Click here to see the home online. Want to see this home in person? Call CG Group at 704-879-3002 to set an appointment.
Charlotte Restaurant Week, aka, Queen's Feast, is here.
What's Happening This Month in Charlotte
Charlotte Restaurant Week, aka, "Queen's Feast," is back! January 19-28, 2018
From the Queen's Feast Website: 

Savor new experiences and favorite spots as more than 130 of the best restaurants in 9 counties around the metro Charlotte, NC, area offer 3 courses at dinner (only) for just $30 or $35 per person (not including tax and gratuity), January 19-28, 2018.

Reservations are recommended. Take a mouthwatering tour through the participating restaurants' prix fixe menus, and book your tables today. It's the best of Charlotte dining for a deal!

Some, but not all, participating restaurants usefor online reservations. Please see individual restaurant pages for reservation instructions.

Carolina Panthers are officially for sale.
Team For Sale: Carolina Panthers Officially on the Market
A Look at How a Sale Might Go (Charlotte Observer)

So exactly how do you sell an NFL team?

Carolina Panthers owner Jerry Richardson said last month that he is putting the franchise he founded up for sale, and one of the first steps the team announced was the hiring of an investment banker and lawyers to handle the process. The team, however, hasn’t shared much else on how this will work.

Charlotte is packed with investment bankers who help private companies orchestrate sales of their businesses, and they say there is a basic process that bankers follow – although they acknowledge selling one of 32 NFL teams isn’t exactly the same as pitching a family-owned factory.

Read the rest of Charlotte Observer business writer Rick Rothacker's article here

  "CG Group at Engel & Völkers is committed to Simplifying Real Estate.  Your referral is free to give, but it is priceless to receive.  Who do YOU know who is planning to buy or sell a home?"   CGGROUPREALESTATE.COM / 704-879-3002

Mark Hendel - Broker In Charge Headshot
Phone: 704-909-8688
Dated: January 22nd 2018
Views: 79
About Mark: Mark Hendel Broker In Charge NC & SC Broker, REALTOR® As President and Broker-In-Charge for Sk...

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