$5,850,000

MLS Number: 50913

City: Valle Crucis, NC
Stories: 2
Bedrooms: 4 Baths: 4.5
Area: Boone-Blowing Rock, NC
Year Built: 1990
Plus Five fully furnished 1,400 sq. ft. Rental Cottages. Each built in 1996 on approx. 1/2 acre sites. Current cottage average annual rental income $150,000.

39.4 acres with 360 degree view of Blue Ridge Mountains.

5,200 sq. ft. main house built in 1990 on 1.24 acres.

No restrictions and no zoning offer many other options:

* Family compound
* Corporate retreat
* Religous retreat
* Horse farm / Dude ranch
* Recording studio
* Cottages can be sold separately
* Land can be further subdivided if desired

Contact Elizabeth Carter, 336.973.5594 or Greg Stikeleather, Broker, 704.880.5247 or email eacarter@charter.net

click here for more information

search for : Valle Crucis, NC, Blowing Rock, NC, Blue Ridge Mountains

One enterprising real estate brokerage has found an innovative technique to generate sales income. The Keenan Carter Group in Pismo Beach, CA, was recently featured on “Good Morning America” on ABC-TV and a segment with Neal Cavuto on Fox News.

Using a local tour bus company, riders are charged $20 a seat. The tour bus becomes a school bus between stops, serving up information packages on each property. Riders get spreadsheets on mortgage payment options, potential rental income properties could yield and refreshments.

Similar bus tours are offered in Florida, Las Vegas and other hard hit housing markets that have been flooded with foreclosures. Driving a bargain on a bus isn’t new, but using the strategy as a vehicle to move foreclosures is part of a current trend in special marketing designed to help turn the housing market around. (more…)

Prospecting has always been a valid technique that will lead to real sales success. Particularly in times like these, when real estate sales are slow, agents and brokers seek an approach that salespeople who hate pressure and force and rejection can use to get more appointments in less time and with less emotional stress on themselves.

But prospecting requires positive expectations. It requires a positive-results mindset, in part to overcome the influences of all the other agents who don’t prospect, don’t value prospecting, and stand by to negatively influence your vision and expectation of success. (more…)

WEST JEFFERSON NC MOUNTAIN PROPERTY

87.5 +/- Acres Available For Residential Subdivision Mountain Development, 7 miles from West Jefferson, NC

Paved Road and Bridge Built To State Specifications.

Average of $23,000 per acre.

This Property Should Retail For Approximately $50,000 to $60,000 per acre.

ALL PROPERTY HAS LONG RANGE MOUNTAIN VIEWS

Contact Greg Stikeleather, Broker, 704.880.5247

or

email Greg at grstike@charter.net

click here for more information

Originally announced on October 10, 2007 by Treasury Secretary Paulson and Housing Secretary Jackson Hope Now was created to save subprime borrowers from being pulled under by the weight of rising mortgage payments. Now the industry group is throwing financial life preservers to prime borrowers and others who also face being submerged by foreclosure.

The HOPE NOW collaboration of credit and homeowners’ counselors, mortgage servicers, and mortgage market participants was formed to

• Explore a variety of methods to reach out to at-risk homeowners, including a direct-mail campaign to encourage at-risk borrowers to call their mortgage servicer or a credit counselor.

• Work to improve communications between servicers and non-profit counselors to speed outreach and to develop and explain options for at-risk borrowers.

• Develop standards with investors to enable counseling sessions for homeowners to be funded by servicing contracts.

The most recent initiative occurred on February 20, 2008 with the nation’s largest mortgage servicers sending the fourth round of HOPE NOW letters to mortgage borrowers, urging them to call their servicer for immediate help. HOPE NOW alliance members have officially sent one-million letters to homeowners.

search for : subprime borrowers, foreclosure, credit counselor

Senate Democrats planning this month to address the troubled housing market with yet another housing bill. A tax break for home builders and higher caps on state mortgage-revenue bonds are among the proposals. Top Democrats said they intend to turn to a second package focused on housing-related matters, a potent political issue this election year.

Despite the bipartisan aura that sped passage of the first housing stimulus bill, some parts of this one are likely to draw criticism from Republicans, especially a change in bankruptcy law that would allow judges to alter the terms of certain mortgages. Some of Senate Democrats’ proposals are popular in both parties, such as a tax break allowing companies with operating losses this year or the two previous years to apply them to past years for a refund. That could please home builders, who attacked the first bill. (more…)

Short sale bids require some sophistication, skill and patience on the part of the investor. But, with a little study, and some experience, short sales and foreclosures can be the most profitable way to invest in real estate.

A short sale usually occurs when a seller can’t make his loan payments because of death, divorce, job loss or other hardship. When homes are rising in value, owners can sell the house and pay back the lender. A short-sale foreclosure is a lender accepting a loan payoff for less than the amount owed.

In today’s market, when home values are dropping and the owner hasn’t built up much equity, lenders will often accept less than the amount owed to avoid the hassle and expense of auctioning the house. (more…)

search for : Short sale bid, foreclosures, short-sale foreclosure