Carolina Medical Center In Charlotte, NC. Nationally Recognized

There are a lot of reasons people move to Charlotte, NC. One of the reasons is the medical care they can expect to receive here. Recently Charlotte, NC. medical facilities were duly recognized for their achievement and level of care they give on a daily basis. The Carolinas Medical Center was recently recognized by US News And World Report as a top ranked hopsital in the United States. After sifting through much data nationally; US News and World Report felt the hopsital earned the distinction based on it's perofrmance in a variety of specialtiy fields for adults and for it's children's hopsital. This is just another great reason why people choose Charlotte, NC. as a place to live, work and play.... here is the link to the article: http://health.usnews.com/best-hospitals/carolinas-medical-center-6360280 Dave diCecco Realtor/Broker www.davedicecco.com

Are Schools Important When Selling your Charlotte Home?

As we head into the spring selling season; I have been getting more and more phone calls from buyers out of the area looking for specific types of homes. nothing unusual with their requests... However; just about every one of them say and "we want good schools". So, are schools important? My answer is yes. Charlotte Mecklenburg Public School system is the largest one in the state of North Carolina. They have 37 schools that were recognized last year as schools of excellence and 7 high Schools were recently named among the top 1300 high Schools in the country by Newsweek magazine.... As much as we do not want to admit it; schools make a difference when you buy and when you sell your home in Charlotte, NC. Education is so important in today's worlds that parents are looking for the best deal in the best school area they can afford..... I just had a buyer who mentioned to me that they thought a home was priced low for what was inside of it. We went and looked at the house; loved it and were prepared to negotiate an offer on the house. Then they looked up online to see how the schools the house was assigned to were rated and calleed me and said they were walking away from the house becuase fo the school choices.... So, if you are looking to sell your house do some research and see how the schools fare. You can have a nice house in a great neighborhood. However; the value of the house can be greatly affected by the schools you are assigned to in that area. Dave diCecco Realtor/Broker www.davedicecco.com

What Is A Deficiency Judgement Waiver In A Short Sale?

Yesterday I wrote what a deficiency judgment is and how it can be detrimental to a home seller. But you do have options available. One is to ask the lienholder for a deficiency judgment waiver. I always ask for this from the first day of negotiations. You have to; in order to ensure you are negotiating in good faith and that the bank will grant you one when you finalize the transaction. Basically, a deficiency judgment waiver states that the bank has accepted less than you owe them on the house. There remains a balance due to them and because of the sale of the house they are willing to waive the balance owed and forgive you for that amount of money. For example, I owe $200,000 on my house and the bank has agreed to accept $150,000 based on the market conditions right now. The bank then sends the approval letter over stating they will release the lien on the house as long as the sale price is $150,000. In that same letter they will state that the deficiency balance of $50,000 will be waived. Meaning you are forgiven form that debt. i talk to a lot of people about short sales and most sellers are unaware of the fact that banks can ask for that money and place a judgement against you for it.... That is why it is important to negotiate it with the bank up front and with an experienced short sale Realtor. If you do not and try to at the end of the negotiating period the banks will not be as receptive. Dave diCecco Realtor/Broker www.davedicecco.com

What Is A Deficiency Judgement In A Charlotte, NC. Short Sale?

Everytime I talk to a potential home seller about a short sale; the question arises about what does the bank do about the difference between what we owe and what they accept? Well the term the lienholders use is deficiency judgement. A deficiency judgement is when the lienholder accepted less than what was owed on the house. Thus, you are left with a deficiency. The lienholder has recourse to ask for a deficiency judgement making you liable for that difference. The deficiency judgment lien is calculated based on the fair market value of a property rather than the actual price of the property. What this is means is that if a homeowner’s property, which secures a home loan, has a fair market appraisal value of $200,000 and sells the home for $150,000, the borrower will be subject to a deficiency judgment in the amount of $50,000, if a lender chooses to pursue the matter. Doing A short sale make sure that you and/or your Realtor ask for a deficiency jusgement waiver when negotiating your short sale....Most banks will accept one if you ask and negotiate it in from the onset. Dave diCecco Realtor/Broker www.davedicecco.com