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How to Pay Off Your Mortgage Early

A mortgage is a big commitment.

It’s likely one of, if not the, biggest investment you’ll ever make in your life but that doesn’t mean it has to weigh you down for decades to come. As long as your mortgage doesn’t have stipulations for an early pay-off penalty (and in some cases, even if it does) you could save yourself tens of thousands of dollars in interest by doing your best to make more payments.

Check this graphic out:

mortgage payments

 

Well…that sounds doable! We’re all about helping our clients save money everywhere they can. Call us today to talk about your best strategy for mortgaging your new home.

The Most Eye-Poppingly Expensive U.S. Home Sales of 2013

Real estate is a great investment.

Everyone knows that! But some investors have deeper pockets than others and 2013 has been a banner year for this select group of wealthy consumers. Ever wanted to know how the other half lives? Check out this quick snapshot of the most expensive homes sold in 2013…and one that’s still on the market!

mountain home road1. $117,500,000 – Mountain Home Road

This Woodside, CA home sold back in January to Japan’s 2nd richest man. It was actually the most expensive U.S. home sale in history and includes a multitude of buildings, an astounding pool, and of course, a formal garden.

one572. $90,000,000 – One57 Penthouse

New York City is home to some of the most expensive real estate in the U.S. and the One57 Penthouses sold for nearly 100 million earlier this year to a group of investors. Located on the 75th and 76th floors with sweeping views of Central Park, this 14,000 square foot bohemith is one for the ages.

marks mansion3. $75,000,000 – Howard Marks’ Mansion

Located on the famed Pacific Coast Highway, this palatial Malibu estate was sold to a Russian investor in January. It has 300 feet of beach frontage and a whopping 14 bathrooms in case you have a big party.

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Well bummer, is it too late? Have all the fabulously pricey homes been snapped up? Not to fear! America has a new number one most expensive home for sale and it’s still available!

copper beech farmCopper Beech Farm – $190,000,000

Located in Greenwich, CT, Copper Beach Farm has 50 acres and includes two off-shore islands in the sound. The main house, a French Revival style mansion, has over 13,000 square feet of living space and tons of antique charm. What a steal! When it sells it will be the most expensive residential home sale in U.S. history.

We’ve Never Seen Market Stats Like These in Charlotte

Charlotte’s real estate market is officially back.

After a long dormancy following the recession Charlotte’s home sales are booming once again. The seller’s market is the best seen in this area in years, maybe even decades, and there will likely never be a better time to sell your home in Charlotte.

Still don’t believe us? Check out these current market statistics that prove Charlotte real estate is on the move:

Average sales graphs 1-002

From a low in 2009, sales prices are now back at nearly peak levels relative to just a few years ago. Not only are homes selling in Charlotte, they’re selling for more than in years past. Sellers are now getting around 93% of asking price, on average, which is a 2% jump from just two years ago.

Average sales graphs 1-001Another graph that shows how selling prices are on the rise. In two years, the average sales price of a home in Charlotte has risen over 5% which is a nearly unheard of jump. If you’ve been sitting on your home waiting for the right time to sell, rest assured that time is now.

avg sales 2-003

So, why are selling prices rising and will it last? In short, inventory in Charlotte hasn’t been this low in over a decade which is great news for sellers…but will it last? In short, no. Now is the perfect time to take advantage of low inventory levels and capture the ready-to-buy market.

avg sales 2-002

Another graph from showing last month’s inventory levels relative to years’ past highlights the falling inventory levels. There are currently 39% less homes on the market in Charlotte than just two years ago. That’s great news for sellers but these perfect statistics won’t last long as more people decide to sell.

Leigh Bryant, Realtor®

If you’ve been considering selling your home, On the Move Charlotte encourages you to make a move sooner rather than later.

Our team includes both buying and selling experts to help you find your next home while your current home sells (quickly!) Call us today to talk about pricing, marketing, and selling your home.