Cornelius, NC Real Estate News

By Eric Ekovich
(Builders Direct Online .com)
There are a lot of Cornelius Homes For Sale that are ready for immediate sale.  Buying a house is a huge decision, make sure that you seek the advise of professionals.  The market is picking up and a lot of people are buying homes.  Do your homework if you are buying an investment property.  Some buy to turn the property into a rental property in order to earn income. Most homes that are sold in this market are the owners main residence. If you are re-locating to Cornelius, a licensed real estate agent can advise you on the areas. The most relevant factor for most people is location. Everybody wants to be close to something.  It is highly desireble to most people to buy a home convenient to work.  People looking to save cost on their daily job commute normally live close to their jobs. ...
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By Sara D'Amico
(Southern Homes of the Carolinas)
In September of 2009 there were 28 single family home sales in Cornelius, North Carolina.  These homes sold for an average of $359,710, which was approximately 95% of their listed prices.  These homes were on the market an average of 145 days, ranging from 13 to 600 days.  Most homes had 4 bedrooms and approximately 2,650 square feet.  To list your home in Cornelius, North Carolina or for more information on homes for sale in Cornelius, please contact me. SARA D'AMICO BROKER/REALTOR/ABR SOUTHERN HOMES OF THE CAROLINAS 704-287-6488 SARAD@BUYANDSELLWITHSARA.COM WWW.BUYANDSELLWITHSARA.COM  
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By Melissa Polce, Lake to Land, I've Got It Covered!
(ERA, Wilkinson Real Estate Charlotte)
Just like the Lockness Monster & Dracula...I have only heard about this Form's Existence....Has Anyone Used It or Seen It???? ...And, How Long Before Wells Starts Using It? Let Me Know Short Sale Agents Out There...  See Article Below... Wachovia Short Sale Streamlined 32 Day To Close Program Check this out...Wachovia is setting the benchmark for the Short Sale process...the days of 30, 60, 90 days waiting for a short sale approval are over. "Wachovia Short Sale"...as it's branded...was rolled out in Northern California and has been a huge success. Wachovia is partnering with Real Estate Agents to expedite offers on short sales. Imagine...45 days to close a short sale...that's 45 days from the day the offer is sent to Wachovia. This "Best Practice" will change the way short sales are do...
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By Melissa Polce, Lake to Land, I've Got It Covered!
(ERA, Wilkinson Real Estate Charlotte)
  NO MORE CONES FOR CORNELIUS     Cruisin Catawba: Grand Re-Opening   Date: Friday - October 2, 2009 Time: 10 am Details: Intersection of Magnolia Estates Dr. and Catawba Ave., Cornelius, 10 am, 704-892-1922 RSVP Come celebrate the Grand Reopening of Catawba Avenue!! This is an all day, free event sponsored by the Lake Norman Chamber of Commerce to celebrate the removal of the orange barrels and opening of Catawba Avenue.  Attendees will be given "passports" which will have to be stamped by every participating business in order to qualify for the prizes. Schedule: 10:00 AM - Ribbon Cutting at Magnolia Estates Drive and Catawba Ave. 10:30 AM - Complimentary Breakfast at K&W Cafeteria 10:45 AM -  Presentation of Game Plan/Maps and Passports to all attendees 10:45 - 5 PM - "Cruise Catawba"...
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Cruisin Catawba: Grand Re-Opening   Date: Friday - October 2, 2009 Time: 10 am Details: Intersection of Magnolia Estates Dr. and Catawba Ave., Cornelius, 10 am, 704-892-1922 RSVP Come celebrate the Grand Reopening of Catawba Avenue!! This is an all day, free event sponsored by the Lake Norman Chamber of Commerce to celebrate the removal of the orange barrels and opening of Catawba Avenue.  Attendees will be given "passports" which will have to be stamped by every participating business in order to qualify for the prizes. Schedule: 10:00 AM - Ribbon Cutting at Magnolia Estates Drive and Catawba Ave. 10:30 AM - Complimentary Breakfast at K&W Cafeteria 10:45 AM -  Presentation of Game Plan/Maps and Passports to all attendees 10:45 - 5 PM - "Cruise Catawba" and have your passport stamped b...
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Lake Norman Luxury Home Market Nestled on the banks of beautiful Lake Norman are the towns of Cornelius, Davidson and Huntersville. These unique towns present a wide array of leisure amenities for visitors and guests including upscale shopping, year-round golfing, fishing and other water activities.  Lake Norman, the largest man-made lake in the Carolinas, is THE place for fun in the sun! Created in 1963 by Duke Energy, Lake Norman is 34 miles long with 520 miles of shoreline. Lake Norman offers numerous attractions to explore. From Lake Norman, you may enjoy the ease of traveling anywhere in the state. We're just north of Charlotte, and the mountains and coast are only a short drive away.  Whatever your desire, find it outside your door in Lake Norman! visitlakenorman.org Lake Norman o...
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By Sara D'Amico
(Southern Homes of the Carolinas)
As of September 26, 2009 there are 134 rental properties listed in the CMLS in Cornelius, NC.  These rental properties have an average of 2 bedrooms, 1,900-2,300 square feet, and have an average rental price of $1,617.  For pictures and listing information of currently available rental properties in and around the Cornelius area, please feel free to contact me.  SARA D'AMICO BROKER/REALTOR/ABR SOUTHERN HOMES OF THE CAROLINAS 704-287-6488 SARAD@BUYANDSELLWITHSARA.COM WWW.BUYANDSELLWITHSARA.COM  
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By Heather Kline
Private Mortgage Insurance (PMI)     What is PMI?   Private Mortgage Insurance (PMI) is required on all home loan transactions where the loan-to-value ratio is 80 percent or greater (Some cash-out refinance transactions require PMI at 75% loan-to-value). This means that if you bought your house for $100,000 and had a down payment of less than $20,000, you will be required by the lender to carry PMI. It makes sense as most expensive purchases in life require insurance. When you buy a new car, you are required to get car insurance.   Private Mortgage Insurance insures the lender - not you - against your default on the loan. Because statistics show that borrowers who put down less than 20 percent are more likely to default on the loan, lenders require PMI so that they'll recoup their inve...
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By Diane Aurit, Lake Norman Real Estate
(LKN Realty, LLC)
  Lake Norman is an incredible place to live, particularly if you own a waterfront home or a boat.  But, what if you want to go sailing or rowing on Lake Norman and you don't have a boat?  Thanks to the generosity and passion of some local sailors and rowers,  North Carolina Community Sailing and Rowing,  a 501(c) (3) non-profit organization working in partnership with Mecklenburg County and Cornelius Parks & Rec Departments, recently opened to the public offering sailing and rowing programs on Lake Norman for all ages and abilities. What is great about this new Lake Norman sailing and rowing program is that the boats and equipment are provided by the center thanks to the generous donations of many Lake Norman area residents and businesses.  All one needs to do is sign-up, pay a very r...
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By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
Cornelius, North Carolina offers a great adult community called Bailey's Glen. Voted on of North Carolina's best suburbs or 2009. Bailey's Glen is located in the Piedmont region of North Carolina, which enjoys four distinct seasons with moderate temperatures. This allows for year-round outdoor activities. With 520 miles of shoreline, Lake Norman offers ample opportunities for fishing, sailing and enjoying the water. Golfers can take advantage of several area country clubs and courses, including Birkdale Golf Club, designed by Arnold Palmer and named one of the top five public golf courses in North Carolina. So if you're ready to trade your lawn mower for a fishing rod or golf club, this is the perfect spot. While there are countless activities to indulge in around the area, each day beg...
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Luxury real estate vultures A Fortress Investment veteran is now at an auction house that hopes to feed off of distressed estates. (Fortune Magazine) -- When an ex-managing director of hedge fund Fortress teams up with Sotheby's in a real estate venture, you know something funny is going on in the luxury residential market. But that's basically what happened last month when George Graham, formerly of Fortress's Drawbridge Special Opportunities Fund, joined a real estate auction house that works closely with Sotheby's (BID) International Realty and other firms to sell off luxury homes. Graham is CEO of Concierge Auctions, founded in 2006 by a well-connected broker in South Florida. The company is looking to make hay from an uptick in luxury real estate auctions. "There is a pipeline of m...
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Builder confidence up, but tax fears loom An industry group says the nascent recovery in residential real estate could be derailed if a popular credit isn't renewed. NEW YORK (CNNMoney.com) -- An index of home builders' confidence rose in September for the third month in a row, but an industry group said Wednesday the fragile residential real estate market recovery could be cut short if a popular government tax credit isn't extended. The National Association of Home Builders said that its Housing Market Index, which it compiles for Wells Fargo, rose one point last month to 19 -- the highest level since May 2008. The index, which fell to an all-time low of 8 in January, has increased steadily in 2009 as the housing market picked up in many parts of the country. According to NAHB, the reb...
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By Tom Palmer
(Terra Vista Realty)
Joys Serenity Point is a unique oceanfront estate style community along Lake Norman.  Gorgeous homes and beautiful lots are available.  to see Joys Serenity Point real estate currently for sale in Cornelius. Homes in this subdivision tend to range from $744,000 to $750,000. Therefore, with Terra Vista Realty’s 1.5% cash rebate, we can pay you from about $11,200 to $11,300 to buy a house in Joys Serenity Point through us. Houses in this neighborhood generally range from about 4100 to 4500 square feet. Below is additional information on Joys Serenity Point in Mecklenburg County, North Carolina... Approximate Lot Sizes: 0.5 - 0.5 acresBuilders: Dibble Custom HomesHome Styles: Other, TransitionalKey Roads: Serenity Point LNZIP Code: 28031Approximate Homes Sales Annually: 2Schools: Cornelius...
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Lake Norman Real Estate BlogThings To Do Around Lake Norman Tonight: Midtown Sundries "Pet Sounds Safari" to benefit the Cornelius Animal Shelter.  Friday night mixer Featuring: Band Of Gold starting at 9PM.  $10 at the door.  XO Tapas LoungeEach Friday Night, XO Tapas Restaurant - Wine Bar brings you the the Lake's Most Fun Filled Friday Nights.  The night starts out with XO's Happy Hour Menu - Buy Any Two Menu Items and Get The Third Item (of same or lesser value) FREE between 5-7p.  $2 Domestics, $3 Microbrew Draft Beer and $6 Redbull and Vodka all night long.  Our regualar menu from 7-10p.  And then at 10pm, XO is Transformed into the Lake's most beautiful NIGHTLIFE spot with DJ Chris Bond spinning his special blend of beats.  Only XO offers you great music, a truly cool vibe, comfo...
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By Sandy McAlpine, Search Lake Norman Homes For Sale - Lake Norman NC
(RE/MAX EXECUTIVE)
Lake Norman Wine EnthusiastsMeet fellow Lake Norman (LKN) Wine Enthusiasts near you! Come to a local Wine Meetup to taste new wines; learn about noses and legs; and discuss great vintages and estates. We may have some tasting sessions, an opening information session by a local sommelier, or just have a few glasses, some cheese, and talk! Everyone over 21 years of age is welcome, from new bouquet-sniffers to educated connoisseurs. XO Wine Tasting & Chef's Ice Cream Demonstration! - CorneliusWednesday, September 23, 2009 at 7:00PMXO Tapas Wine Bar in Cornelius proudly presents a Wine Tasting on Wed, Sept. 23rd, at 7pm Members will receive 4 wine tastes for $15 that includes a Chef's Presentation of making a wild ice cream with Liquid Nitrogen! It's a totally awesome presentation (I have s...
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By Sandy McAlpine, Search Lake Norman Homes For Sale - Lake Norman NC
(RE/MAX EXECUTIVE)
Lake Norman Wine EnthusiastsMeet fellow Lake Norman (LKN) Wine Enthusiasts near you! Come to a local Wine Meetup to taste new wines; learn about noses and legs; and discuss great vintages and estates. We may have some tasting sessions, an opening information session by a local sommelier, or just have a few glasses, some cheese, and talk! Everyone over 21 years of age is welcome, from new bouquet-sniffers to educated connoisseurs. Dirty Martini Wine Tasting for $5 !Wednesday, September 16, 2009 at 7:00PMCheck out this cool, NEW, Lake Norman lounge with excellent martinis, wine selections, and music!! We are sure to have a blast for a very nice LOW price. Network, meet singles, make friends, try new wines, and more! LIVE Music starts at 8pm. DIRTY MARTINI, JARRID CABLE, AND EMPIRE DISTRIB...
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Homes For Sale in Cornelius, NC - Westmoreland Subdivision Community Description:Westmoreland homes are developed and built by David Weekley Homes.  Westmoreland offers the atmosphere of Lake Norman and the conveniences of Birkdale Village. Life near the water brings a relaxed, laid-back atmosphere to the community. Residents will enjoy: The location just across the street from Lake Norman in the Cornelius area; Secluded community with the active lifestyle you desire just around the corner; Exclusive David Weekley community; Impressive streetscape; Easy access between both I-77 & I-40; Community Clubhouse and Pool; Westmoreland residents enjoy the best of Lake Norman living. Come visit us and start the dream to owning your new Weekley Home at Westmoreland. Please call Cheri at (704)609-...
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By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
Lake Norman North Carolina Real Estate has remained steady in the wake of this recession but if you are looking to make a big score take a look at these luxury homes for sale on Lake Norman. For those in the market of Luxury Living on a beautiful Lake you may want to consider looking in the Lake Norman area of Charlotte North Carolina. The lake has over 500 miles of shoreline and can accommodate large yachts and speed boats. After living in Fort Lauderale FL and spending numerous hours on the intracoastal I have seen my share of luxury homes. However, moving to Huntersville, North Carolina over 10 years ago I realized that the luxury waterfront living exists in the Carolina's. Not only does it exist it is SPECTACULAR! The home pictured above has unbelievable detail in this Old World Cas...
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By Mike Carpino, Broker/Owner-Lake Norman Waterfront Specialist
(Lake And Town Realty)
I have been following the proposed Augustalee development in Cornelius North Carolina for over a year now. There have been some major changes in the past couple of weeks that can change the total outlook of this project. Recently, the original owners have had some issues with it's lenders and now have lost the opportunity to continue with Augustalee. Here is an article written in the The Herald that explains the lastest news on the project. The Michigan pension fund that took over the proposed Augustalee project Thursday predicts it can find the new capital and "additional development expertise" needed to "move the project forward."In a statement released by their Charlotte attorney Friday, Aug. 28, BUILD Fund officials said they also look "forward to working with officials for Corneliu...
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