Charlotte NC Real Estate Blog by Jimmy Grappone, Realtor

Top 10 Reasons to Own Your Home - Charlotte, NC

Top Reasons to Own Your Home [INFOGRAPHIC]

Top Reasons to Own Your Home [INFOGRAPHIC] | MyKCM

Some Highlights

  • June is National Homeownership Month, and it’s a great time to consider the benefits of owning your own home.
  • If you’re in a position to buy, homeownership might help you find the stability, community, and comfort you’ve been searching for this year.
  • Let’s connect today to determine if homeownership is the right next step for you and your family.
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25 Memorial Day Quotes

Memorial Day

I love great quotes.  Quotes from great leaders can be both inspirational and educational.  

As we get set to enjoy Memorial Day Weekend 2020, let's pause to remember those who served and who made the greatest sacrifice of giving their lives for the freedom we enjoy today.

God bless you, and keep healthy and strong!

And without further ado, here are 25+ amazing quotes to help us honor those who died so that we may live in freedom!

https://www.townandcountrymag.com/leisure/arts-and-culture/g19644011/memorial-day-quotes/

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Housing Market Positioned to Bring Back the Economy

Housing Market Positioned to Bring Back the Economy

Housing Market Positioned to Bring Back the Economy | MyKCM

All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary.

Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market started to regain its strength. This time, the housing market was in great shape when the virus hit.

As Mark Fleming, Chief Economist of First Americanrecently explained:

“Many still bear scars from the Great Recession and may expect the housing market to follow a similar trajectory in response to the coronavirus outbreak. But, there are distinct differences that indicate the housing market may follow a much different path. While housing led the recession in 2008-2009,...

How to Test-Drive a Neighborhood While Sheltering in Place

How to Test-Drive a Neighborhood While Sheltering in Place [INFOGRAPHIC]

How to Test-Drive a Neighborhood While Sheltering in Place [INFOGRAPHIC] | MyKCM

Some Highlights

  • Staying at home doesn’t mean your search for a new place needs to come to a standstill.
  • Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your living room!
  • Let’s connect today so you have help with all of the additional steps along the way, and you’re ready to make your next move.
  • Jimmy@CostelloREI.com, 704-313-8514
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the CLT life: An Interview with Waxhaw Businesswoman Alara Baltmiskis, Co-Owner of Siela Boutique

the CLT life: Hosted by Jimmy Grappone
A wide ranging interview with Alara Baltmiskis, co-owner of Waxhaw, NC based fair trade and ethically sourced woman's clothing boutique, Siela Boutique.
Grappone and Baltmiskis discuss operating a small business in the midst of a global pandemic' how the current situation has accelerated the expansion of Siela Boutique's online business, and supporting local businesses.
Siela...

Rise to the Top of the Home Seller Pool by Selling Your House Today

Rise to the Top of the Pool by Selling Your House Today

Rise to the Top of the Pool by Selling Your House Today | MyKCM

Charlotte, NC: 

Charlotte area home sellers are finding that their homes are holding onto their value during the COVID-19 pandemic because of low inventory and high buyer demand.

With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers.

Lawrence Yun, Chief Economist at NAR, noted: 

“The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy.”...

What Impact Might COVID-19 Have on Charlotte Home Values?

What Impact Might COVID-19 Have on Home Values?

What Impact Might COVID-19 Have on Home Values? | MyKCM

A big challenge facing the housing industry is determining what impact the current pandemic may have on home values. Some buyers are hoping for major price reductions because the health crisis is straining the economy.

The price of any item, however, is determined by supply and demand, which is how many items are available in relation to how many consumers want to buy that item.

In residential real estate, the measurement used to decipher that ratio is called months supply of inventory. A normal market would have 6-7 months of inventory. Anything over seven months would be considered a buyers’ market, with downward pressure on prices. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices.

Going into March of this year, the supply stood at three months – a strong seller’s market. While buyer demand has decreased rather dramatically during the pandemic, the number of homes on the market has also decreased. The recently released ...

Keys to Selling Your House Virtually in the Carolinas During a Pandemic

Keys to Selling Your House Virtually

Keys to Selling Your House Virtually | MyKCM

In a recent survey by realtor.com, people thinking about selling their homes indicated they’re generally willing to allow their agent and some potential buyers inside if done under the right conditions. They’re less comfortable, however, hosting an open house. This is understandable, given the health concerns associated with social contact these days. The question is, if you need to sell your house now, what virtual practices should you use to make sure you, your family, and potential buyers stay safe in the process?

In today’s rapidly changing market, it’s more important than ever to make sure you have a digital game plan and an effective online marketing strategy when selling your house. One of the ways your agent can help with this is to make sure your listing photos and virtual tours stand out from the crowd, truly giving buyers a detailed and thorough view of your home.

So, if you’re ready to move forward, virtual practices may help you win big when you’re ready to sell. While abiding by state and local regulations is a top priority, a real estate agent can help make your sale happen. Agents know exactly what today’s buyers need, and how to put...

Carolina Panthers Former Head Coach, Ron Rivera, Lists Charlotte, NC Home For Sale

Home of former Carolina Panthers coach, Ron Rivera, for sale in Charlotte.

Ron and Stephanie Rivera's Charlotte, NC home has officially been put on the market.

Longtime Carolina Panthers Head Coach, Ron Rivera was fired during the 2019 football season with four games to go and is currently the head coach for the Washington Redskins.

Prior to moving out of his home, Rivera and his family held a yard sale in which they sold Rivera's Panthers gear to benefit the Humane Society of Charlotte.

Take a look at the Rivera's south Charlotte McMansion here:

9212 Heydon Hall Circle, Charlotte, NC 28210

The initial asking price is $1,335,000.

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Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Will This Economic Crisis Have a V, U, or L-Shaped Recovery?

Will This Economic Crisis Have a V, U, or L-Shaped Recovery? | MyKCM

Many American businesses have been put on hold as the country deals with the worst pandemic in over one hundred years. As the states are deciding on the best strategy to slowly and safely reopen, the big question is: how long will it take the economy to fully recover?

Let’s look at the possibilities. Here are the three types of recoveries that follow most economic slowdowns (the definitions are from the financial glossary at Market Business News):

  • V-shaped recovery: an economic period in which the economy experiences a sharp decline. However, it is also a brief period of decline. There is a clear bottom (called a trough by economists) which does not last long. Then there is a strong recovery.
  • U-shaped recovery: when the decline is more gradual, i.e., less severe. The recovery that follows starts off moderately and then picks up speed. The recovery could last 12-24 months.
  • L-shaped recovery: a steep economic decline followed by a long period with no growth. When an economy is in an L-shaped recovery, getting back to where it was before the decline will take years.

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