Author: Phyllis Brookshire

15 Jun 2017

Wanna buy a home? Here’s step 6: Conquer the closing

After completing the inspection and appraisal, all that’s left to conquer is the closing. And we know what you’re thinking … you’ve already been through enough, and that you can’t possibly survive anything else. But you can. And you will--the end is in sight, future homeowner! In our final installment of this home buying series, we’ll walk you through how to survive the closing process. This isn’t our first rodeo--but it is yours--so stick around and we’ll give you the lowdown. Here’s a list of some of the costs/fees associated with the closing process: Loan Origination Fee This is the fee you pay to your lender to prepare your mortgage for closing. Underwriting Fee This fee is also paid to your lender and covers the cost...
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9 Jun 2017

Wanna buy a home? Here’s step 5: Offer accepted

Shut the front door. Your offer was approved! Cue your best Katy Perry “Roar” karaoke performance, right?! Wrong--or not just yet. You’ve still got the appraisal and the inspection to ace before you can belt out the chorus to your favorite anthem. Ace the appraisal Typically--unless you’re independently wealthy, and wouldn’t that be fabulous--three parties have to agree on the sale price of a home: The buyer, the seller and the lender. And since the lender’s got a lot of skin in the game, they’ll want to make sure your home is actually worth what you’re paying for it--which is the reason for an appraisal. An appraisal is performed by a third party on behalf of the buyer and lender to determine that...
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2 Jun 2017

Wanna buy a home? Here’s step 4: Making the offer

When you’ve found the one you want to call home, it’s time to take things to the next level by making an offer. So let’s get started by examining the art of the offer. Step 1: Understand the market If you’ve been house hunting for some time now, you’ve probably figured out whether it’s a buyer’s or seller’s market. If it seems like the ‘for sale’ signs are literally multiplying overnight, you’re in a buyer’s market, and on the flip side, if real estate signs in yards are as sparse as country music fans at a Guns N’ Roses concert, you’re in a seller’s market.   Understanding which housing market you’re in helps you present realistic offers. In a seller’s market there’s...
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26 May 2017

Do you wanna buy a house? Here’s step 3: Pick the right one

Ah, the fun part--finally. We’ve got a lot to cover to get you ready to ace the home search process like a pro, so we’ll get right down to it. Step 1. Make your wish list Wanted: Charming 1950’s-style bungalow. Open floor plan, updated kitchen and bathrooms and space for furry friends to roam around outside needed. Must be within walking distance to grocery stores, shopping and restaurants. When you close your eyes and think about what your future home looks like what do you see? Whatever you desire, write it down--and don’t forget to bring this along with you during the house hunt! Here’s some common factors you might want to consider while you create your list: Style: Is there a particular look...
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19 May 2017

Do you wanna buy a house? Here’s step 2: How much can you afford?

We see you, potential homebuyer. Once you decided to stop renting and start looking for a place to call your own, you’ve been crusin’ through Pinterest’s home section like it’s your job. And good thing your dream home board has unlimited storage because you’re definitely saving every other pin, all the while adding to your ever-evolving can’t live without list. While compiling no less than 4,756 photos of updated, craftsman-style, open floor plan bungalows is certainly a fun step in the home buying process, a more important exercise in this stage of the game is figuring out just how much house you can afford.  Don’t worry, it’s not as scary as it sounds--here’s how to make sure your dream home doesn’t...
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12 May 2017

Do you wanna buy a house? Here’s step 1: Choose the right Realtor

Congratulations! You’re about to embark on one of the largest financial decisions in your life as you purchase your first home. And with experts predicting rent prices only increasing, not to mention the fact that current mortgage rates are very low, historically speaking,  affording a home has never been easier on your wallet. And here to give you the lowdown on the whole process, comes a series of blogs designed to help you successfully maneuver through your first home buying experience. First up on your checklist is finding the right Realtor for you--because, after all, your Realtor is your biggest ally, your confidant, and your self-appointed BFF for the next six to nine months. In other words, choose carefully. Why you need a...
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13 Jan 2011

Knox Realty Merges with Allen Tate Company

We are pleased to announce that Allen Tate Realtors has joined forces with Knox Realty, Inc., a 37-year-old, full-service real estate firm located in downtown Davidson, N.C. Over the years, we have been fortunate to partner with 17 other independent companies (this makes #18). We continue to be a company founded on real estate families coming together to serve their communities with a higher level of tools and market exposure.

5 Jan 2011

Greater Charlotte: Real Estate Trends in 2011

As I look into the crystal ball again, this time to see what the Charlotte residential market will look like in this new year, the picture looks promising.

Forecasts on the national level are predicting increased demand in 2011.  There are 4 factors that impact housing demand:

  • Household Formation
  • Job Growth
  • Housing Affordability
  • Demographics

Economic growth leads to job growth; job growth leads to household formation.  Projections for continued overall economic recovery should be amplified in the Charlotte areaWith accolades such as “Best Large County for Business Recruitment”, “Second Economic Strength Ranking”, and “#2 Best City for Entrepreneurs” there is no doubt that companies will continue to relocate to the area and grow their current businesses.

28 Dec 2010

Looking Back on 2010

2010 has almost drawn to a close and it is time to reflect.

I saw the very funny JibJab Video with President Obama and Vice President Biden singing “So long to ya 2010” and it made me think what the Allen Tate version of that video would look like…

The real estate industry has been challenged the last several years (of course so have several other industries).  But those of us who have survived are better companies, REALTORS, and trusted advisors than we were before the economy took its downturn. And while I am happy to see 2010 in the rearview mirror, it was a good year in a lot of ways. And we are well positioned to soar in 2011.

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