10 Steps to Buying a Home

Buying your first home can be scary! If you’ve been wanting to take that next step, but aren’t sure where exactly to start follow the below checklist to stay on track!

A bonus step? Hire a Yancey Realty agent to help you along the way. Our trusted, local experts can help you narrow down areas of interest, find you homes/condos/townhomes that meet your criteria the minute they hit the market, and will help you negotiate the best price possible!

Give our team a call at 704.467.8877 for more information about how to get started!

Rental Prices Continue to Rise

Despite more and more apartment complexes opening and being built throughout the greater Charlotte area, rental prices continue to rise.

According to a report by ApartmentList.com, “…median rents in Charlotte stand at $991 for a one-bedroom apartment and $1,156 for a two-bedroom. Charlotte’s year-over-year rent growth is on par with the state average of 2.5%, but exceeds the national average of 1.7%.”

If you’re sick of paying someone else’s mortgage, and want to start paying your own, give us a call at 704.467.8877! Our team would love to help you find the perfect place to call home for good!

Buyer & Seller Traffic Index Across the US

Buyer traffic is strong around the entire US. This means that buyers need to be patient when house hunting, as there are so many out there looking. It does also mean that once buyers find a house that they like, they need to act quickly so as not to miss out on the home of their dreams. Stronger offers are generally needed right now to stand out against the other offers also coming in.

Now is the perfect time to sell your home if you’ve been thinking about it. As you can see, seller traffic is stable to weak all over the US signifying less competition out there. If you wait until the Spring Market hits, you may not get as much for your home!

Whether you need help buying, selling, or investing, the Yancey Realty team would live to lend a helping hand! Give us a call today at 704.467.8877 to get started!

What is Property Title?

Joseph Thompson of Black Slaughter & Black is here to help us better understand what property title is!

What exactly is title?

The practice of real estate concerns understanding how property is affected by a property owner in the chain of title. An owner of property can restrict and convey property while they own it. Once they convey the property, they no longer have the ability to restrict or convey that property but the property remains subject to the restrictions they placed on it while they did own it.

Similarly, personal judgments and liens can attach to real property while it is owned by an individual. Judgment creditors can execute their judgment to partition and/or sell the property to satisfy the debt. Even if a property is transferred or sold, it remains subject to that owner’s judgment.

What do we do? Who is involved?

Our primary role is to represent buyers purchasing real estate. We have to make sure title to the property is clear so that 1) the client will want to buy it and 2) the lender, if any, is willing to lend money for the buyer to purchase it. In order to have clear title, we have to search the title to the property AND obtain title insurance for the buyer and lender. In order to do this we have to make sure the title insurance company, lender, and buyer are happy with what we find.

How do we deal with what we find?

We make a list for the title company of all acts affecting title that occurred in the title search period.

The title company splits this list into two parts; items they agree to insure and those they won’t:

Restrictions: These items affect title, are not removed from title, and therefore are not covered and insured by title insurance. This class of items include easements, restrictive covenants, and boundary line setbacks. The thought here is that if you build a fence in the Duke Energy easement area and Duke Energy has the fence removed, you cannot make a claim on your title insurance policy for it. In addition, you probably want power, so the attorney will not take any action to remove the easement.

Requirements: These items affect title and have to be resolved by the real estate attorney.  When resolved, these items are insured by the title company.  This class of items includes judgments, liens, mortgages, foreclosures, and estates. The real estate attorney is responsible for certifying to the title company post-closing that judgments are paid, liens are removed, mortgages are paid and satisfied, any foreclosure in the chain of title was done correctly and wiped out all junior liens, and that estates were opened where necessary, wills were probated where necessary, and notices to creditors were run where necessary.

If you’d like to speak with Joseph about Property Title, you can reach him at 704.970.1593 or via email at JThompson@LawFirmCarolinas.com.

You can find more information about Black Slaughter & Black by clicking here!

Now is the Time to Buy

“The impact your interest rate has on your monthly mortgage payment is significant. An increase of just $20 dollars in your monthly payment can add up to $240 per year or $7,200 over the life of your loan. Maybe it’s time to lock in now while rates are still low.”

With interest rates as low as they are, now is the time to buy a house! Whether it’s a first home, dream home, forever home, or investment property, the Yancey Realty team is here to help you!

Give us a call at 704-467-8877 to find out how we can help!

January 2020 Housing Market Update

The Canopy MLS just released their January 2020 housing market update for the Charlotte region, and things are looking pretty great for sellers!

There’s currently only a 1.6 month supply (the lowest on record for Canopy MLS), meaning there are fewer homes on the market. With less competition, the sales prices of homes are being driven up as the market is so competitive!

Now is a great time to list your home if you’ve been thinking about it, and the Yancey Realty team is here to help! Give us a call today at 704-467-8877 to get started!

Home Sweet Home

The saying “home is where the heart is” has never been more true than today. What’s better than coming home to your own space after a long, stressful day, and being able to spend time with those you cherish most?

Ensure you and your loved ones are ending each day in a place that you love and can build treasured memories in by working alongside a Yancey Realty agent! Give us a call today at 704-467-8877 to get started!

The #1 Reason to List Your House Right Now Is…

The real estate market is based off of supply and demand, and at the moment, the supply in Charlotte, NC (and across the US in general) is down, while demand is up!

This means that putting your home on the market today, rather than waiting for the “spring market” to hit may get you more money! You have excellent negotiating power when there aren’t many homes on the market, meaning more money for you.

Give our team a call at 704-467-8877 to get your 🏠 sold sooner rather than later!

The “Show-Ready Home” Checklist

Whether your home is already listed, or you’re thinking about selling soon, this checklist will be your new best friend!

If you need any assistance selling your home, give us a call at 704-467-8877 today!

The Top States Americans Moved to Last Year

North Carolina is #3 for Americans to be moving to right now! Whether you’re one of the lucky ones who already took the plunge and moved, or you will be soon, Yancey Realty is here to help! Our local experts can assist you in finding the perfect rental, home, or investment. Give us a call today at 704-467-8877 to get started!