March 2019 Newsletter

Lake Norman Update

Bill Adams | 704-578-0926

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Bill Adams

Allen Adams Realty

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On A Personal Note

Welcome to Spring!  Well, tomorrow anyway.  Spring 2019 officially begins at 5:58 PM tomorrow!  The warmer weather means the real estate market will be heating up too.  It hasn't quite started yet but it will before you know it.  If you're thinking of selling this year you should start preparing now so that you can capture those buyers who are already starting to look and beat the upcoming rush of sellers.  If you need a plan for getting your home ready give me a call and I will help you get started.

If you're looking to purchase a home, of course the easiest way to get started is by giving me a call.  Or, start by clicking one of the links below.  If it's listed for sale in the Charlotte/Lake Norman area, or even most areas of the NC mountains, you'll find it on my website!
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Featured Listing

Brand new luxury home with designer finishes, indoor/outdoor living, master and second bedroom on main, walk to shopping dining and Jetton Park!  All for just $775,000!  Check it out!

Featured Neighborhood

Maple Grove, Davidson's newest luxury estate neighborhood.  Proudly presented by Bill Adams.

Win a $5 Coffee Card — Quiz Contest

Scroll down in the newsletter to find this month's quiz question. Then send your's that easy! Each month, one correct answer will be drawn to win.

Last Month's Q&A: From what festival did the month of February get its name?  February gets its name from the ancient Roman festival of purification called “Februa.”
Lake Norman Area Market Report
 Monthly Average Sales Price Over Previous Six Months
How Does This Market Information Relate To Your Home?  Click The Image Below And Get Free Instant Home Valuation For Your Home.

My Advice

“How can you know if you’re hiring a good real estate agent?”

Sizing up an agent is difficult for many people, because there's no consistent standard to measure them against. Buyers and sellers must make a decision based on very little more than what the agent tells them.
The only reliable approach to measuring an agent's effectiveness is to ask other people for their experiences with that agent. Ask the agent to give you the names and contact info of the last three clients they worked with. Then call or email those past clients for a reference. If you’re considering hiring a newer agent, you may want to talk to their broker or office manager to see how they’ll back up the agent to ensure you get high quality service.
When you're in the market for a real estate agent, contact me first. I'll happily provide references that'll prove my value. Just give me a call to set up at appointment. 704-578-0926.

A Primer on Pi

March 14 is considered the unofficial day for Pi, the mathematical constant. The day is “celebrated” in countries that follow the month/day (m/dd) date format, because the digits in the date 3/14 are the first three digits of π (3.14).

What is Pi? When measuring circular objects, it has always turned out that a circle is a little more than 3 times its width around. 3.14 times to be somewhat precise. But only somewhat, because Pi is an irrational number that goes on and on to infinite decimal points. It’ll never get to 3.15.

[VIDEO] Here’s a fun 1 minute video on why we use the symbol π to designate Pi.

Free Report:

How to minimize the stress of selling your home

According to studies, selling a home can be as stressful as getting a divorce or going through bankruptcy. You can't eliminate stress entirely when selling, but you can minimize it by taking the steps in this report.

Click to Read Now (pdf)

Just for Laughs

The Secret of a Great Marriage

A couple had been married for 60 years. The only secret they had between them was a shoe box the wife kept in the top of her closet. She had made her husband promise to never open or ask her about it.
For 60 years the husband kept his promise, and even forgot about the box in time. But one day his wife grew ill and the doctor said her time was approaching.

In starting to sort out their affairs her husband found the old shoe box and took it to his wife's bedside. She agreed it was time he should know what was in the box.

When he opened it he found 2 beautifully crocheted doilies and a stack of money totaling over $25,000. He asked her about the unusual contents.

"When we were married," she said, "my mother told me the secret of a happy marriage was to never argue. She told me that if I ever got angry with you, I should just keep quiet and crochet a doily."

Only two doilies were in the box. The husband was so moved, he had to fight back tears. She had only been angry with him two times in all those years together!

"Sweetheart," he said lovingly, "that explains the doilies, but what about all this money?"

Oh," she said, “that’s money I made from selling all the other doilies."

March Quiz Question

What do you get if you divide the circumference of
an apple by its diameter?
Send Your Answer Now

Fun Facts about
Green Eggs & Ham

In the spirit of St. Patrick's Day (March 17), here’s something green and fun:

In 1960 Theodor Seuss Geisel wrote Green Eggs and Ham to settle a bet. Random House founder Bennet Cerf bet that Seuss couldn’t write a book with fifty or fewer distinct words. Seuss won the bet. Could you guess those 50 words in a box, with a fox? Click to take the Mental Floss Green Eggs & Ham challenge.

Would You Ever Sell Your Home to an Online Buyer (iBuyer)?

Have you heard of websites like Zillow, OfferPad, and Properly offering to buy your house for cash? They're called iBuyers. They buy your house online without ever seeing it. Looking into iBuying further, it's clear there are pros and cons. In fact there's really only one big pro and con for each.
Here’s how iBuying works: You answer some questions about the condition of your home on their website, and the company uses an algorithm to assess the value of your home. If you accept the offer, the company could close with an all-cash offer as quickly as a few days. They would then clean and fix up the home and sell it on their website.
The PRO: Selling your home this way has one distinct advantage: convenience. You get to move when you want to, avoid showing hassles, avoid repair work, and avoid last-minute problems with the buyer's lender. It removes nearly all the stress of a real estate transaction.
The CON: It costs you a lot. iBuyers charge transaction fees of 7% - 13%. Compare that to the typical real estate agent's listing fee of 4% - 6%. You can measure the difference in tens of thousands of dollars. Consider a $350,000 listing: The typical 5% real estate fee is $17,500. The average 8% iBuying fee is $28,000. That means it would cost $10,500 more to sell to an iBuyer in this example.
Make sure you’re comparing apples to apples. iBuyers might make the case that a seller gives up thousands in concessions to a buyer, exceeding the iBuyer’s fee, thus justifying that the costs come out equal. But that assumes concessions are needed, and that the seller can’t get a higher price by selling on the open market, while paying a lower fee.

A good approach for home sellers is to look at all the options. If you’re curious, see what kind of offer an iBuyer will make. Then talk with me about what kind of price you might get on the open market, what kind of concessions you might need to offer, or even if I can find you a better cash offer. See if it’s worthwhile doing one or the other. Email me now to talk about your options before going with an iBuyer.
Copyright © 2019 Bill Adams, All rights reserved.

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