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April 2016
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Lake Norman Update

Brought to you by Bill Adams, REALTOR  ♦  704-578-0926

On a Personal Note

Did you know that if you are paying PMI (Private Mortgage Insurance) you can deduct it on your taxes?  The Protecting Americans from Tax Hikes Act of 2015 allows homeowners that pay PMI to deduct the premiums as interest on their tax returns for the 2015 and 2016 tax years.  If you purchased a home in recent years and your down payment was less than 20% there is a good chance you are paying PMI.  If so, make sure to discuss with your tax preparer your PMI premiums and take advantage of this benefit.

If you have a conventional loan and you pay PMI, at some point, after paying down your mortgage balance, you will reach a point where your loan-to-value ratio is 80% or less.  This means you’ll have 20% equity in your home and you should no longer be required to pay the PMI.  If you think this is true in your case speak to your mortgage company to determine if you qualify for eliminating the PMI.  That would put some extra money in your pocket each month!


Bill Adams
Allen Adams Realty
19109 W. Catawba Ave., #200
Cornelius, NC 28031
704-578-0926

www.AllenAdamsRealty.com
badams@allenadamsrealty.com
Waterfront Homes
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New Listing


18822 Peninsula Cove Ln. | $835,000

5 bedrooms, 3/2 bathrooms, 4,778 sq. ft. on the golf course in The Peninsula.

Click here for more information.

Win a Free Coffee Card!


It’s easy to win! Find the quiz question inside this newsletter, then email me your answer. Each month, all correct entries have an equal chance of winning.
  • Last month’s question: How many leaves does a Shamrock really have?"
  • Answer: Three. Clover with four leaves is an anomaly, so considered lucky.
Lake Norman Area Market Report
 Average Sales Price Over Previous Six Months
How Does This Market Information Relate To Your Home?
See Specific Market Data For Your Local Neighborhood At:

www.YourLakeNormanHomeValue.com

Origin of April Fool's Day

 
One theory about April Fool's Day is that it began in 1582 in France with the introduction of the Gregorian calendar. At that time, New Year's Day was moved from March 25 to January 1.

Traditionally, the entire week of March 25 to April 1 had been celebrated as New Year’s Week, so when people rebelled against the change, they decided to celebrate the New Year on the last day, April 1.

These people were labeled "fools" by the general populace, were subject to ridicule and sent on "fool errands" or sent invitations to nonexistent parties. The butts of these pranks became known as a "poisson d'avril" or "April fish" because a young naive fish is easily caught.
 

Free Consumer Report


To Open House…Or Not to Open House?

 
Why do agents hold open houses? Do houses really sell on open houses? Who stops by? Would you benefit from holding an open house when you sell?

You might be surprised at the answers. Open Houses do work, but often not for the reasons people think.

If you’re thinking of selling soon, grab a copy of my report:


Should Your Agent Hold Open Houses?
 
Click Here to Read the Report

Interior Design: Not Just About Decorating


During a classroom activity about jobs, a young girl said she wanted to be an interior designer when she grew up. The teacher said she should think about real careers.

The mother, when she heard about this answer, presented the teacher with the following from Wikipedia:

Interior design is a field within environmental psychology, which concerns the environmental conditions of the interior. It is a study of the relationship between an environment and how it affects the behaviour of inhabitants, with the aim of maximising positive effects.

Further defending her daughter, the mother pointed out that interior design careers can be found in corporate design, architectural firms, and real estate sales.

Interior design, she said, isn't just about decorating. It's about creating the right flow, mood, and function. Interior design studies have shown that crowded environments—like low income high-rise projects—can contribute to violence, while harmonious environments can make people more peaceful. That makes interior designers part scientist, part artist, and part social engineer.  Now that’s a worthy career choice.
 

Décor Quiz: Which Decade?


Which decade from the 1950’s to the 2010’s do these decor elements most belong to? (Answers at bottom.)
  • Shag carpet
  • Turquoise cabinets
  • Avocado appliances
  • Brown wall paneling
  • Sofa sectionals
  • Mid-century modern décor
  • Boomerang patterned Formica
  • Hot pink
  • Pastel wallpaper
Click the image and get a Free Market Snapshot of home values for your neighborhood.

"I Wonder What They’re Asking for that Home”

 
When you’re wondering about the price of a home you’ve just driven past (or wondering what your home would sell for, or how much house you can afford), don’t wonder. Instead, call or text me for answers! If you don't already have my number in your phone, why not put it in now?
 
Bill Adams  704-578-0926

Just for Fun:
A Husband's Secret to a Happy Marriage


Once a friend asked me: "What is the secret behind your happy marriage?"

I said, "In my house, I make decisions on all the bigger issues, and I let my wife decide the little things. This keeps everything in its proper perspective."

“How did you get her to agree to that?” asked the friend.

I said, "Well, it just worked out that way. See, my wife decides how to dress the kids, which car we should buy, how much money to save, where to go on vacation, and which sofa, air conditioner, or refrigerator to buy.

But I make all the big decisions, like whether America should attack Iraq, whether Britain should lift sanctions over Zimbabwe, and where the Olympics should be held next time. My wife never objects to my decisions and I don’t object to hers. It seems to work out well.”

Help for Spring Cleaning


If you’re planning to do spring maintenance...repaint the house, landscape the yard, re-roof, etc...I can recommend top quality service providers to help out. Text or call me for names & numbers!
 

704-578-0926


April Quiz Question

Which month has 28 days?
Click Here to Email Your Answer

Decor Quiz (from above) Answers: Which Decade?

 
Shag carpet
1960’s
Turquoise cabinets
1950’s
Avocado appliances
1970’s
Brown wall paneling
1970’s
Sofa sectionals
1990’s
Mid-century modern décor
2010’s
Boomerang patterned Formica
1950’s
Hot pink décor
1960’s
Pastel wallpaper
1980’s
 

Should I buy property right after high school?


My initial response to this unusual question was Are you crazy? But then I thought, Why not? Your youth can work to your advantage, especially when a smart parent stands with you. Here are some ways to look at investing in your first property at a young age:
  1. You could plan to live in a property for a few years, wait for the value to rise, then sell it to fund your next purchase. For instance, you could buy near college and rent it out to roommates, then sell when you graduate.
  2. If the cash flow is there, you can rent the property out to others while you do something else with your life. Be sure to include a management plan.
  3. If it's a fixer, you can live in it, put in sweat equity, and then resell at a profit. Some loans will not allow you to sell within a certain time frame of when you buy, so consider that when looking at loans.
If you know a young person who wants to buy property, get in touch with me. Together we'll help them succeed.
 

When Was the Last Time You Cleaned These?

Your mattress, phone, door knobs, purse, or keyboard? Experts say that these are the most common items that people seldom clean, and that they are among the dirtiest everyday items in our lives.

A quick swipe with an antibacterial wipe takes care of the door knobs, purse, and phone, but what about a mattress or keyboard? Here's how to clean those:

Mattresses: Mattresses can harbor spills, stains, dirt, smells, skin, bed bugs, mold, and dust mites that build up inside and exacerbate allergies, acne, and illness.

To clean a mattress, you can take these steps: First vacuum with a clean attachment. Then sprinkle baking soda over the mattress and rub it in lightly. Let it sit for two hours, then vacuum again while banging on the mattress. Spray with a natural anti-bacterial, such as lavender or clove oil.

Keyboard: A 2008 UK study found that a keyboard is dirtier than a toilet seat — seriously! The reasons? Not washing your hands often enough, sneezing on your keyboard, eating near the computer, and more than one person (especially children) using the same computer.

To clean a keyboard, use a can of compressed air to remove lint, skin, and dust mites. Then soak cotton swabs with alcohol, squeeze out excess liquid, and wipe down the keyboard. Do not allow liquid to drip into the keyboard.

See you next month!

  • Don't forget to call or forward this email to friends in need of real estate help.

~ Thank you!

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