New Listing: 4301 Wanamassa Drive Charlotte, NC. 28269

4301 Wanamassa Drive Charlotte, NC. 28269 is a brick 1800 square foot ranch being offered for only $119,900 in the north end of Charlotte. This well maintained home features three good size bedrooms with two full baths. Hardwood floors adorn the main living areas of the home as well as the bedrooms. The floors were recently refinished and brought back to their original shine. The home features a den with a full bar set up. Off the master bedroom is an addition for a sunroom which features a 6 person hot tub (which is staying with the house). A good size kitchen and dining area round out the inside of the house.

A great feature of the house is the lot and the yard. Located on a little over.30 acres and fenced in; the homeowners green thumb shows throguhout the landscaping of the yard. A beautful garden area in the back yard as well as some seasonal flowering area make this home shine in the spring and fall with multiple colors. The back of the house features a deck that runs the lenght of the home. With the privacy fencing it makes sitting outside and enjoying the view or entertaining a pleasure.

In the front of the home is a rocking chair covered porch and another beautiful display of colorful flowers in a garden setting. In addition the home features a 2 car carport and two storage sheds complete with tools and gardening equipment. All of which the homeowner will pass on to the new owner of this house.

When I talked with her about what she liked about the house...she metnioned the great memories the 43 years of living there brought. But also the fact it is in a quiet neighborhood with close proximity to major highways, uptown and the university area makes it a great location for a family and the commuter.

Come see why many people move into this area but few ever leave....

Dave diCecco
Realtor/Broker
www.davedicecco.com

Selling Your Charlotte Home This Spring---Accent the Strengths

As spring is upon us, families are looking more seriously at homes to buy. With inventory at higher levels than they have been in years; so how do you make your home stand out besides pricing it comepttively in the Charlotte market? Accent the strengths of the home.

Unless you are in a subdvison where every home is exactly the same; your house has some features or qualities about it that made it enticing for you to purchase the home. Since no two homes are alike it is crucial in this market to separate your home from the compeptiton. One of the easiest ways to do it....why someone should buy your home.

It may sound simple and it really is. Give people a reason for wanting to buy your home. It could be the reason you bought your house. It could be the location of the home in relation to stores, schools, commuting distance, neighborhood features, layout of the home, structure and design of the home. The list goes on.

But, I always ask someone who I am talking with about selling their home; "what made you buy this house?" and " What do you like most about the house?'. the answers to these two simple questions can help make the difference between getting someone to look at the house and eventually buying it; and just glancing over it and not even considering the house.

If your Realtor has not asked you; and you are not getting much activity. look at he remakrks and see what they are writing about the house. Is your Realtor portraying the house to sell? Accenting the strong features of the house? Or just listing the features and rooms in the house? Your answers to these questions could help you get your home sold.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Selling Your Home This Spring---PRICE IT RIGHT

As we enter the spring selling season; more buyers generally are out and looking at homes now. Fannie Mae announced the other day their inventory of homes they took through foreclosure nationwide rose 80% last year. Thus with so many homes to choose from how is a seller to get their home to stand out from the others in the area?

First, PRICE. Yes, I wrote it in caps for a reason. Price is still the number one reason people buy one house over another. It does not mean you have to be the lowest priced home. However; you need to competitive with the other homes in your area.

Your Realtor should be doing a market anaylsis every two weeks to see how your home is priced to the competition out there. I am an advocate of sending my listings an updated market anaylsis if I feel their home needs to have a price adjustment. Just telling you to lower the price of your home is not enough. There needs to be a good reason for it.

To many times Realtors take a listing and overprice it for the market. They do this so they can get the listing. it is what the seller wants ot hear for a price and they hope that in time they can get the price lowered to a more acceptable number. But, pricing a home right form the start increases your chances of getting the home sold quickly and for a fair value.

Look at the comparable homes the Realtor has provided for you. Are they a true representation of an equivalent home to yours? Are adjustments minimal to your home? Are they homes that sold within the last three months? or the very least the last six months? these are the factors that determine what soemoen will pay for a house....

If you want to ensure your home will sell this spring make sure it is priced correctly. If your home has been on the market for 30 days or longer ask your Realtor for an update of the market conditions to make sure you are in line with the current inventory of homes. If you are not; your hopes of selling your home will decrease significantly.

Dave diCecco
Realtor/Broker
www.davedicecco.com

Market Report--University Area Charlotte, NC. April 2011

The area in the Northeast side of Charlotte which is home to the University of North Carolina charlotte is known among local residentsa as the Unviersity area. It basically is an area that encompasses from Interstate 85 south to rocky river road and west to W.T. Harris Blvd and east to Cabarrus county line. All the homes in that area are within a five to ten minute ride of the Unviersity.

Below are the market statistics for the area over the past three years. This is based on what has sold from April 1st through March 31st:

3 years ago there were 320 homes that sold for an average sale price of $153,223. they were on the market for an average of 44 days.

2 years ago there were 320 homes that sold for an average sale price of $140,086. They were on the market for an average of 64 days.

Last year there were 303 homes that sold for an average of $130,663. They were on the market for an average of 95 days.

Currently there are 222 homes actively on the market right now in that area. They are on the market for an average of $163,949. There is also 82 homes currently under contract in the same area.

That area becuase of it's large college prescence, it is home to many townhome/condo complexes. Below are the numbers for those during the same period.

3 years ago there were 138 townhomes/condos that sold for an average sale price of $102,330. they were on the market for an average of 47 days.

2 years ago there were 104 townhomes/condos that sold for an average of $90,578. They were on the market for an average of 72 days.

Last year there were 105 townhomes/condos that sold for an average of $79727. They were on the market for na average of 108 days.

Currently there are 91 townhomes./condos active in the market right now for an average price of $94,210 and 9 under contract.

Dave diCecco
Realtor/Broker
www.davedicecco.com