One of Charlotte’s Premiere Luxury Homes is On the Market

You may not know it, but one of Charlotte’s most fabulous luxury homes sits quietly nestled off of Sharon Road.

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The Secret of 2923 Heathmoor Lane

2923 Heathmoor Lane is a stunning example of classic traditional architecture. Located on nearly a full 1/3 acre on a private cul-de-sac lot in South Charlotte behind Saint Gabriel’s Church, the house boasts some of the most amazing custom finishes on the Charlotte real estate market. Recently listed, the home is now being offered for $1.125 million.011_stairwell

The Heathmoor is a two-story, all brick traditional with a two-car garage. Offering nearly 5,000 square feet of living space, its 4 bedrooms and 4.5 bathrooms provide enough space to live comfortable and entertain. Aside from its many unique aesthetic qualities, 2923 Heathmoor Lane is situated only minutes from Southpark, Uptown, and some of the best schools in Charlotte.

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What’s Unique About 2923 Heathmoor Lane?

In a word: everything. It’s rare to come across a home in Charlotte priced under $1.5 million with as many custom details and finishes as Heathmoor. Its showpiece is a grand double-staircase, anchoring a gorgeous two-story open foyer. In addition to formal dining and living spaces on the main floor, visitors will find a master bedroom. Attention to detail is at every turn: from extensive crown moulding to recessed outlets to coffered ceilings. From custom woodwork to real pine paneling, no detail in this home went untouched.

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The kitchen at 2923 Heathmoor Lane is set up for entertaining. Beautiful granite countertops, stainless steel appliances, and a huge eat-in breakfast area and breakfast bar are just a few of the room’s special qualities. Transom windows let in light from the large backyard, and functional details like a wine cooler, double oven, and home control center make this room stand out.

What to Love About 2923 Heathmoor Lane

Families will love the ample den space as well as the large, flexible bonus room. Entertainers will appreciate the indoor/outdoor living and romantics will love the home’s two separate fireplaces. Everyone will love the 300+ square feet of extra unfinished storage space.

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Have you ever dreamed of having a private terrace? A true “cook’s kitchen?” A cozy, wood-paneled study? Now is your chance to own one of the most unique properties on the Charlotte market.

Call the On the Move Charlotte real estate team today
for a private showing of 2923 Heathmoor Lane.
704.451.3135

Welcome to the Team, Chelsea Ashworth!

On the Move Charlotte is SO excited to officially announce our newest team member: Chelsea Ashworth!

KW2249204ASHWORTH6039EXTChelsea is a Charlotte native so she’s got a terrific understanding of the area. She’s seen Charlotte change and grow firsthand which offers her clients invaluable experience. As a Buyer Specialist, Chelsea will be working with On the Move Charlotte buyers to help them find the perfect home.

Thanks to her previous experience working with a local design and renovation firm, Chelsea has a fantastic eye for renovation. If you’re looking for a fixer-upper, she’s got the vision! Even if you have a hard time imagining that second story or wall-to-wall hardwood flooring, she can – and that expertise might just help you find a diamond in the rough.

If you’re looking at houses for sale in Charlotte we encourage you to give Chelsea a call! She’s excited to take on additional clients and become an integrated part of the cooperative On the Move Charlotte team.

Glad to have you, Chelsea!

Charlotte – One of America’s Fastest Moving Housing Markets

There has never been a better time to invest in Charlotte, NC real estate. This bustling southeastern metropolis has grown exponentially over the last few years due to an influx of small to midsized tech companies. According to the Bureau of Labor Statistics, the unemployment rate has dropped from 5.4 percent in March of 2015 to 5.1 percent in March of 2016. Both of these factors make Charlotte an attractive place not only for young professionals, but for families of any age.

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As Charlotte’s job market grows, the local real estate market continues to improve. A recent study by Trulia showed that nationwide, homes are moving off the market faster than they were a year ago. In Charlotte, 65.2 percent of homes are still on the market after a month. This is significant considering 73.6 percent of homes were still on the market after a month in April of 2015.  While the “Costly Coasts” are still very popular places to invest in real estate, the historically slower markets, particularly those in the “bargain belt” are finally heating up, and trade-up homes in both markets have seen the biggest decrease in inventory.

Top 10 Housing Markets Where Homes Are Coming Off the Market Faster than A Year Ago
# U.S. Metro % of homes still for sale after one month April 2016 % of homes still for sale after one month April 2015 Percentage Point difference in share still for sale, 2016 vs 2015 Median Home Value, April 2016
1 Long Island, NY 76.9% 88.6% -11.7 points $409,500
2 Colorado Springs, CO 53.2% 62.0% -8.8 points $230,000
3 Charlotte, NC 65.2% 73.6% -8.4 points $166,125
4 Louisville, KY 59.5% 67.7% -8.2 points $134,900
5 Cincinnati, OH 63.1% 70.9% -7.9 points $138,500
6 Kansas City, MO 59.6% 66.3% -6.7 points $144,900
7 Chicago, IL 62.5% 69.1% -6.5 points $204,000
8 Atlanta, GA 65.3% 71.9% -6.5 points $169,000
9 Cleveland, OH 68.9% 75.4% -6.5 points $124,000
10 Raleigh, NC 69.6% 67.1% -6.4 points $219,900
Note: Among the 100 largest U.S. metros. The one month shares and the difference are rounded to the nearest percentage point, and the difference was calculated before rounding; therefore, the rounded difference might not equal the difference between the rounded shares.

 

downtown ChalrotteInterested in snagging a piece of desirable Charlotte real estate for yourself, but unsure where to start? There are Charlotte neighborhoods for every age group and budget. Young families will be happy in one of Dilworth’s adorable single family homes.

Young professionals can find a reasonably priced condo in Downtown Charlotte’s Fourth Ward Neighborhood, conveniently located near many businesses, restaurants and nightlife options. Looking for more space? South Charlotte’s many neighborhoods are perfect for large lots and sizable homes. Contact one of On the Move Charlotte’s knowledgeable agents to get started on your home search today!

 

Which Home Improvements in Charlotte Give the best ROI?

Home renovations are always a guessing game.

Is this color too dark? Will the contractor show up? And most importantly, will I see this money back in resale? The good news is, some improvements provide a more predictable Return on Investment (ROI) than others, particularly here in the Queen City. What makes sense in, say, Vermont (i.e. heated front steps to melt the ice) would seem like a ridiculous extravagance here in Charlotte.

On the Move Charlotte’s looked at several recent studies and crunched the numbers for your edification. If you’re thinking of making some home improvements, read these stats first.

new sidingMaintenance Updates Get the Biggest Bang for the Buck

Sure, they’re less glamorous than outdoor uplighting, but giving your home a practical upgrade is the best thing you can do for resale value. Siding replacement, for example, gets back about 93% of its cost, and replacing leaking roofs and windows will get you about 80% of the money back. Don’t be fooled – a ROI in this range is excellent. You’ll likely never see 100% or more of the money you spend on renovations, but remember they also make your time living in the home better, too.

 

Charlotte Buyers Love Outdoor Upgrades

According to the national Cost vs. Value report for 2015, buyers in the South Atlantic region will pay more for outdoor upgrades. Functional upgrades like a new steel entry door get 150%+ of their value back in Charlotte, while fun upgrades like a new wooden deck get over 65% here in Charlotte. New garage doors and stone veneer accents also see money back from buyers.

Luxury Upgrades are Terrible Investments (but so much fun!)

We get it. What’s better than an all-new closet system or room-to-room surround sound? Unfortunately for sellers, “luxury” upgrades simply don’t get the money back at resale – but that doesn’t mean they’re not worth doing for the sheer enjoyment of them at the time. Nationally, some of the worst projects for ROI include a master suite addition, an upscale bathroom remodel, and a super-fancy deck. But boy, those all sound pretty cool!

The Charlotte Market Doesn’t Require Improvements

Study the chart below. Notice that in Charlotte, improvements get less across the board when it comes to ROI for sellers. What does this tell us? In a nutshell, that the Charlotte market is so hot right now and inventory’s so low that sellers don’t have any trouble getting top-dollar even if their home’s not perfect. That’s amazing news for sellers! Especially if you’ve been putting off listing your home because you think you’ve got to make a bunch of improvements first. The stats don’t lie: for minimum work and maximum return, now’s the time to sell.

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Whether you’ve just finished a massive home improvement project, are wondering whether you need to start one, or just want to move on from your current home and into the next one, call us! It is a seller’s market here in Charlotte and we’re happy to help you set the right price for your home. Afterall…we live here, too!

Why Does Having a Team of Realtors Pay Off? Ask the Witherspoons.

Sometimes two Realtors are better than one.
And sometimes…nothing beats a whole team.

Amy and Brandon Witherspoon were longtime Providence Plantation residents and loved their neighborhood. They lived at 3501 Brushy Lane for years and though they liked their home, they always had their eyes on their ‘dream home’ up the street – 2403 Beaucatcher Lane. In September of last year, fate stepped in.
The Witherspoons sold 3501 Brushy Lane...

The Witherspoons sold 3501 Brushy Lane…

...and moved right into 2403 Beaucatcher Lane!

…and moved right into 2403 Beaucatcher Lane!

When Beaucatcher Lane came on the market, the Witherspoons decided quickly to do what it took to make the move. They contacted the team at On the Move Charlotte (smart move!) and quickly went to work. Through a highly coordinated effort of prep work, research, showings, inspections, and more, the Witherspoons closed on the sale of their old home and closed on the purchase of their new home back-to-back, literally on the same day.

The transaction was a true team effort! Leigh Bryant, with a wealth of experience in the Providence Plantation neighborhood, served as the Witherspoons’ seller’s agent and worked diligently through several marketing channels to get Brushy Lane sold quickly. Mary Sessoms, OTMC’s buyer’s specialist, represented the Witherspoons throughout the complicated process of making an offer, negotiating a contract, and setting up follow-up appointments on what would be their new home. It was no small feat!
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We’re thrilled to say that the Witherspoons love their new home. The smiles on their faces are what make all the hard work worth it!

 

Looking to buy AND sell? Find out why a team of agents is a smart bet by contacting us today. We’d love to chat about your specific situation.

 

 

All the Homes We Helped You Close this Year

One thing we love about this time of year are all the retrospectives of the past twelve months.

We thought it’d be fun to map all the homes the On the Move Charlotte team worked so hard together to close this year. Whether we were helping clients buy their first property, sell their home and move to a new community, or even simultaneously do both, we loved working with all our clients in 2015! It sure is rewarding to look at this map – plotted with all the homes we helped you buy and sell this year – and know our team made a difference in people’s lives.
That’s what it’s really all about, isn’t it?

2015 OTMC Closings Map

Thinking of buying or selling a home in 2016?
You know where to find us!

 

4 Things to Know About Selling Your Charlotte Home in Winter

winter houseIn the Winter…really?

Yes, really! There’s a pervasive myth in real estate that Spring is the best time to sell your home. Of course, springtime has its charms: the weather, the leaves, the birds chirping, etc. But for many people the decision to sell isn’t on a flexible time frame, so if you need to sell in the wintertime there are plenty of reasons not to fret. Your Charlotte house CAN and WILL sell in the winter if you set yourself up for success! Step one is, of course, calling On the Move Charlotte to talk about everything from pricing to staging, but you knew that already…

If you’re considering listing your Charlotte home this cold-weather season, read on.

The Stats Support Winter Sales

Contrary to popular belief, homes may actually sell faster in winter than they do in warm weather! Why is this? Inventory is traditionally lower in wintertime and in Charlotte, inventory’s already at historic lows to boot. Some of the big real estate sites recently released statistics regarding cold weather sales and the results are staggering. Redfin found that listing in December, January, or February gave you the best chance of getting an above-ask offer, and listing in February gave you the best chance all year of selling within 90 days. You can’t argue with data.

The Right Listing Price is Critical

This lesson always holds true, but no more so than in winter. The good news is that fewer home shoppers mean more serious, focused buyers. The downside is that if you test the market and list high, you may have a smaller pool of buyers to turn off before you settle on the correct listing price. When spring rolls around and more homes hit the market your once-overpriced home will look stale by comparison, so talk to your Charlotte real estate agent about how to determine the right listing price for your home in winter.

It’s All About Presentation

fireplaceDon’t be scared by wet, gray weather! In the wintertime you’ve got a great opportunity to create a cozy oasis inside your home regardless of the weather outside. Particularly if your house doesn’t get great natural light, use the weather to your advantage. Light a fire, turn on ambient lights, and be sure the driveway and walkways are clear and inviting. If you’re selling around the holidays, be mindful of decorations and pare down your usual trimmings so you won’t create a cluttered effect. And best of all? Some Charlotte homeowners near Uptown find themselves with a peek-a-boo view once the leaves fall off the trees…play that feature up in your listing!

Be a Special Snowflake

One of the inarguable benefits of listing your home in the wintertime is more attention. Shoppers are more likely to pay close attention to the market and open house dates because they know inventory’s limited. Your agents will likely have less listings, too, meaning you’ll get treated to extra time and marketing attention. Listing your home in cold weather creates a sense of urgency in buyers who know there are dozens of others looking at your property simultaneously – use that kind of focus to your advantage.

 

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Michelle Duyck, Listing Specialist

 

The key to selling successfully in winter? Work with a trusted Charlotte real estate agent! Our team specializes in Charlotte area listings and we’ll help you nail down the right price, market your property, and get it sold for a price you’re happy with. Call us today to talk shop.

 

Where Will Home Prices be in 5 Years?

That’s a big question, huh?

It’s hard enough to predict the value of a home even six months from now, much less several years. But quarterly, consulting firm Pulsenomics surveys over 100 researchers, professionals, and economists to get a handle on where the real estate market’s heading. And the good news is…the news is good!

The big data points are:

  • Cumulative home appreciation is expected to be 18.1% (!!!) by 2019
  • Home prices are up year-over-year in the Southeast by 6.12%
  • Even bear-ish minds speculate cumulative appreciation will be over 10% in the next five years

So, what does all this mean? It means smart investors are ready to buy homes NOW. Values aren’t going down any time soon and with inventory short and prices inching towards pre-bubble rates, the sooner buyers dig in, the better.

Take a look at this graph and think about what it means for your home search.

Pulsenomics graph 2015

 

Looking to buy? Now is the time. Hoping to sell? Talk to us about whether it’s smarter to take advantage of the current seller’s market or if your value could go even higher by holding for a while.

We’re ready to chat.

American Home Buyers in 2014 (The Data)

Every year, the National Association of Realtors (NAR) puts out an informative report on the US real estate market.

Of course, compiling data on the hundreds of thousands of sellers, buyers, and agents around the country takes time, but the data’s finally out on 2014! Why should you care? Because these data points can inform your buying process, make you a better-prepared seller, and help you decide whether to use a REALTOR and which one to use.

Let’s take a look at some of the most interesting statistical findings from the 2014 NAR Real Estate report on who’s buying homes in America:

  • 33% of buyers in 2014 were “first time” homebuyers. While that seems like a lot, it’s still down from the historical average of about 40%. About 65% of these first time buyers were recently married couples.
  • Despite a proliferation of online resources, 88% of buyers used a real estate agent to purchase their home. In 2001, that number was only 69%.

first time buyers graph

  • The average home purchased was about 1,870 square feet and 80% were single family homes. It took the typical buyer 10 weeks (down from 12 weeks in 2013) to find a home to buy, and they viewed an average of 10 homes.
  • Age of the average homebuyer? It rose slightly from 42 to 44 in 2014, and buyers in the South tend to be older than buyers in the Midwest and Northeast. Single male or female buyers made up only a quarter of all buyers nationwide.
  • The average southern homebuyer’s combined family income was $85,000 (slightly higher than many other regions.)
  • New homes were understandably more expensive than previously-owned homes, averaging $277,000. Previously owned homes averaged about $200,000.

Now, what do you need to know about how buyers purchased a home and what the homes they purchased had in common?

  • 84% of buyers bought a previously-owned home rather than new construction. That figure has actually held steady for the last four years, nationally; in the South, only 79% of people purchased previously-owned homes.
  • Which factors were most important overall when it came to purchasing a home? In order, the quality of the neighborhood, convenience to work, and the overall affordability of the housing market were most crucial.

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  • Overall, 88% of buyers used both the internet and an agent when sourcing market information. Among first time buyers, only 11% contacted a real estate agent as a first step when looking for a home. That number rose to 18% for repeat buyers (experience tells all!)
  • Among buyers who used the internet to search and possibly find, a house, about 90% ultimately used a real estate agent to complete the purchase of the home.
  • Since 2001, the percentage of home buyers who used a buyer’s agent has risen dramatically. In 2001 the number was 69% and in 2014 about 89% of all buyers used an agent.

 

Of course, the study is enormous and is chock full of fascinating data about everything from the listing process to the way most buyers finance their home purchase. If you have time, we really encourage you to give it a glance – you may learn something interesting about the home search (or selling) process that you didn’t know!

NAR 2014 Study PDF

Click here to download the full NAR Profile 2014

We always think it’s best to talk to a real estate professional rather depend on charts and graphs when you’ve got questions about buying a home. Are your needs typical? Do your expectations align with the average home buyer’s? We’re happy to chat when you’re ready for more information about the homebuying process here in Charlotte – give us a call!

Team 2.13.2014