Buying A Home is 54% Cheaper Than Renting In Charlotte, NC.

According to a recent study done by Trulia; it is cheaper to own a home in all of the 100 largest metros in the United States versus renting a home in those same areas. Since I am concentrated in the Charlotte, NC. area I decided to dig a little deeper and see how the numbers transpire in the charlotte, NC. market. Based on the analysis they did which factored in the average cost of home ownership over a seven year period versus the average cost of renting over the same period. This was done with homes for sale and for rent from the months of June through August 2012. So, the data is currently the most recent on the market today. Because the amount of foreclosures over the past few years and the amount of families that are doing short sales; the demand for rental market has picked up. With the increase in the rental market for houses; prices have gone up with them. It is a supply and demand economic issue. When supply is low and demand is high you can get more money and when supply is high and demand is low you get less money. All the major apartment complexes and property management companies that I know always base their rental prices on the supply and demand of the market.... In the Charlotte area the rental prices have been ticking upwards for the past few years which in turn has led to more first time homebuyers coming out and purchasing a home. And now that housing prices are ticking upwards as well it is interesting to see how the difference translates over a seven year period. The average cost to own a home in the Charlotte, NC. market is $691.00 a month versus $1487.00 to rent a home. That difference calculates out to be $797.00 a month or 54% every month. Those numbers are based on you selling the house in seven years and do factor in property taxes, home owners insurance and other costs associated with owning a home. The numbers look quite dramatic. But the part of the equation that is left for an unknown is if you are going to sell the house in seven years and additionally factors in that profit as well... By all standards the average family moves every seven years; so using that is not something that is out of the ordinary. But what if you plan on staying there longer? It still is cheaper to own than it is to rent...In the long run you are paying less a month and you have tax benefits that you do not have with a rental. In addition you know what your monthly payment is going to be every year (with the exception of insurance or taxes being adjusted) versus an apartment complex or a rental house where the payment can fluctuate as much as 20% year to year..... With home prices starting to climb and the latest data showing inventory starting to diminish it may be the best time to buy that home you have wanted to buy in the Charlotte, NC. Market. Dave diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com

New Listing: 8117 Stem Court Charlotte, NC. 28227

Looking for a home that is ready to move into without doing any work? This home located at 8117 Stem court is such a house. Priced to sell at only $79,900 this brick ranch home situated on almost .3 acres in the Holly Hills subdivision of Charlotte has been completely redone inside by the owners in the past couple of years. This home features 3 good sized bedrooms and one full bathroom and a laundry room that is plumbed to have a second bathroom as well. The house has brand new carpet throughout the whole house and new vinyl flooring installed last year. In fact no one has lived in the house since the flooring has been put down. The homeowners have also installed a brand new Trane heating and A/C system in 2009 with a programmable thermostat and new gutters in 2009. In addition the stove and kitchen countertops were replaced in 2010. Situated on a nice wooded lot this house has a large family/living room with a wood burning fireplace. In addition there is a beautiful sun porch off the back to enjoy all the beauty and tranquility that the serene private fenced back yard offers you. The best part is this house is located in a house charlotte neighborhood allowing you to purchase the home with NO MONEY DOWN. Yes you can experience the pride of ownership for less than you are paying in rent now and not have to put any money down in addition.. Come see why many people have chosen Holly hills subdivision as home. Click on the link to view a video tour of this wonderful home: http://www.youtube.com/watch?v=QfDwP1otfhc Dave diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com

11 Year Anniversary of 9/11---I WILL NEVER FORGET

Today marks the 11 year anniversary of one of the most devastating attacks on US soil. Most of us are to young to remember Pearl Harbor and the lives lost there....However; all of us are old enough to remember 9/11/2001. That day will always, in my lifetime, be a remembrance for me. I had the unfortunate experience of being in New York City in lower Manhattan at what is now called ground zero when it occurred. I watched as the rest of the country did in shock at what was unfolding before my eyes and not knowing what to do or what really was happening at that moment. I remember not being able to use cell phone and walking for what seemed like an eternity to get out of New York with hundreds of thousands of people. But despite all the tragedy that occurred during that day... I also witnessed some of the greatest moments in my life and ones that made me proud to be an AMERICAN and a VETERAN. I witnessed first responders (firemen, police officers, EMT'S) rush into the buildings with no regard for their own lives to try and save someone they did not even know...They were doing a job. Those brave men and women put their lives at risk to save people like you and me. I remember sitting glued in front of the television for hours on end after it happened for the next few days as they went through the debris looking for people still alive and yet never complaining once. I lost a few friends during the devastation that hit New York City that day. I vowed that I would never forget them or that day. As the healing continues, as it will always continue let’s not forget the brave people who gave their lives for us that day. I remember listening to the fire trucks and police cars and ambulances sirens on what felt like an eternity rushing to help people. To this day if I am driving and I hear a first responder siren I remember 9/11/01 as if I were reliving it. So, to all those that gave their life that day and ALL those that saved lives that day and beyond....THANK YOU....THIS SURVIVOR WILL NEVER FORGET. Dave diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com

New Listing: 8500 Pine Circle Charlotte, NC. 28215

Looking for a place in the country? Then look no further. 8500 Pine circle in the hickory Acres subdivision of Charlotte is situated on over two acres. This ranch home was built in 2002 and features a finished walk out basement. The home boasts over 2000 square feet of heated living space with 3 bedrooms and two and half bathrooms for only $209,900 The rocking chair front porch is great for quiet evenings enjoying the country setting or enjoy the park like view of your backyard form the deck. Utilities on this home are very minimal since it is on well water and a septic tank and has propane. The current homeowners boast about the low electric bill they enjoy with this energy efficient built home. On the cool fall or winter evenings this home offers the luxury of enjoying one of the two fireplaces in the house. On the main level in the living room or venture downstairs to the den and enjoy the one there... The kitchen is extremely large and open and a paradise for someone who enjoys cooking with an oversized island in the middle as well. All the appliances are stainless steel and convey with the house..... The craftsmanship that was put into this house shows throughout with the casement around all the windows to the built in book shelves in the den and the third bedroom all the way to the work bench area in the oversized two car garage.... Come see why country living is at it's best out here in Hickory Acres area of Charlotte, NC. View a virtual walk through on this house by clicking on: http://www.youtube.com/watch?v=U25FsxB6ipA Dave diCecco Realtor/Broker Coldwell Banker United www.davedicecco.com