Open House: 6433 Creekstone Drive Charlotte, NC. 28213 Oct. 3, 2010

Open House Sunday October 3, 2010 from 2p.m. to 4 p.m. This home is offered for only $159,900. Come see this magnificent four bedroom two and half bath home. You will love the space this home affords you. This home has made good use of it's 2400+ square feet of living space. This home on creekstone place in Charlotte is part of the autumnwood subdivsion.

Situated on almost a half acre lot. This home offers a lot of features and space for the money.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Expectations Of Sellers/Buyers With Short Sale Negotaitions

We all know that a short sale is not going to be a short process. Depending on the bank and how far along they are in the process will dictate the length of the time to process the short sale. However; as a buyer what expectations should you have in regards to a short sale negotiations? How often should you be informed? What should you have been told up front and how are you dealing with the waiting?

Being on both ends of short sales I have come to realize what is expected from me as a listing agent, and as a buyer's agent. When I am the lsiting agent, I inform the buyer's agent that this is my protocol for handling short sales. I immediately call them and drop an e-mail acknowledging the receipt of the offer. I go over the offer with them completely. I make sure that we have no loose ends and that everything is correct before I present the offer to the bank. Then, I let them know that on wednesday each week they will receive an e-mail from me with a status update. Depending on the bank and the process some weeks it may be to just let them know there is no changes currently. Once we receive a counter offer or acceptance of the contract I call and e-mail the buyer's agent immediately to let them know..regardless of the day of the week.

When I represent the buyer; I have already prepped my buyer for what is to come so there is no shock to them with the waiting game. I tell them that I will e-mail at least once a week to the listing agent to check on the status of the negotiations and inform them of where we are at in the process. I think it is vital to keep the buyer in the loop at all times.

if you are selling a home through a short sale or negotiating for the buyer on a short sale you owe it to the buyer and buyer's agent to keep them informed of the progress of the transaction...You are not doing your seller or buyer any justice by telling them "be patient this is a long process". Not calling them or e-mailing them with any updates will only dampen their fellings to you and the transaction.

As a buyer's agent you owe it to your client to check with the lsiting agent on the status of the transaction. A buyer does not want to get a call for the first time in a month saying great news your offer has been accepted....are you ready to close? They want to be kept informed through the whole process. We, as real estate agents do this everyday; however an average seller and buyer only does a trasaction on a home on average once every seven years....





Dave diCecco

Realtor/Broker

www.davedicecco.com

what You Need To Ask Yourself Before Buying A Short Sale

So, you are considering buying a home that is a short sale. Hopefully your agent has told you about the process and length of time it could/can take to receive an answer from the bank. But, what questions do you ask to decide if it is right for you to place an offer in on a short sale? Is a short sale right for you?

As a Realtor I try to ask ALL my buyers certain qualifying questions. One of the most important ones in deciding if you can even consider a short sale is when do you need to move? Are you relocating here to buy a home? Has your existing home gone under contract and now you are in need of a place ASAP? That could be the most important factor when considering looking at a short sale. You may find the "perfect" home for yourself but cannot wait the time period it may require to receive an answer back form the bank.

Second, are you prepared to wait for an asnwer and possibly receive a NO or a counter offer? You could wait anywhere from three to six weeks and the bank may not accept your offer. They may come back at a number that is higher than you feel the home is worth in the condition it is in. Are you prepared to wait it out and possibly start over again?

Third, and probably one of the most important questions is; has the bank APPROVED the seller for a short sale? This may sound like a stupid question if the home is marketed as one. But do NOT take it for granted. Just because a home is marked as a short sale does not mean the bank will approve it. There has to be a legitimate hardship and finacial suffering on the seller to approve a short sale. You could be wasting a lot of time on a transaction that may never unfold.

Fourth, and probably most important if you negotaite a deal on short sale. Are you prepared to accept the home in the present condition it is in? Unlike bank foreclsoures where the home is empty; chances are the home is being lived in while you are negotaiting the short sale. You may not notice the stains in the carpet or the holes in the wall until after. Also, any repairs that need to be done on the home are completely up to you. The seller probably does not have the moeny nor is willing to do the necessary repairs to the home once you agree to a price.

Fifth, what type of financing are you getting? if you are receivng a VA or a USDA loan the lender may require certain repairs to be done to the home to approve the loan. Knowing that the home is being sold in "as is" condition will it pass the necessary inspections for you to buy the house? If the seller is not willing to do the reparis are you willing to get the repairs done prior to closing? Can you afford to do the reparis?

These are only five of many questions you can ask if considering purchasing a short sale. But this is a foundation for which depending on your answers to these questions will help you decide if looking at a short sale is right for you.



Dave diCecco

Realtor/Broker

www.davedicecco.com

Price Reduced to Only $191,500





This extremely rare hard to find 3 bedroom 2 bath ranch style home in the sought after subdvison of Brightmoor has just been reduced. Located just outside downtown Matthews, NC. Brightmoor offers soemthing for the whole family. With two olympic swimming pools, playground, walking trails and tennis courts their is soenmthing for everyone to do. This home is one of only 14 that were built in this subdivison, and currently the only one on the market.

The seller has done many upgrades to this home. Beautiful cherry hardwood flooring has been installed throughout the living area and dining area. The bathrooms have been redone with a magnifcent tile. The bedrooms had the carpet repalced a few years ago. She had custom wood blinds built for the windows which she is leaving with the home. Then to finish the home off had the yard professionally landscaped and a privacy fence installed around her back yard to enjoy her deck.

In addition to a great home; you are getting in one of the best school districts in Charlotte. Brightmoor is slated for Matthews Elementary School, Crestdale Middle School and Butler High School. All are highly rated schools in the Charlotte Mecklenburg School system.

With rates at historic lows right now and the reduction in price you may be able to own this home for less than you are paying in rent currently...

Dave diCecco
Realtor/Broker
www.davedicecco.com