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Charlotte Real Estate Blog - Buddy Frey

Buddy Frey

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Displaying blog entries 1-10 of 45

Charlotte Investment Property

by Buddy Frey

FOR SALE:

6015 Branch Hill Circle-4 BR Duplex

 CLICK HERE for more info

Just Listed-$200K

by Buddy Frey

Dear Friends,

This home was JUST LISTED in Highland Creek.  We have created this Just Listed eFlyer to increase the marketing exposure of the home. We would appreciate it very much if you would forward this to as many people as possible to help get the home SOLD faster (especially if you know someone interested in HC).  We will certainly do the same for you if you are ever in a position to sell.

Thanks for your help!

To view the online version of this eFlyer, please click here:http://www.searchallproperties.com/eflyer/2070612/6636-Allness-Glen-Ln-Charlotte-North-Carolina

3118 Amesbury Hill Dr Charlotte NC 28269

by Buddy Frey
~Absolutely Stunning! Grand Entry w/Gleaming Hardwoods that extend throughout main level. LR off foyer. DR has custom moldings/beautiful windows. Gourmet Kitchen-island, granite countertops, dbl oven. 2 sty Great Room w/gas FP. Luxurious Master on Main-trey ceiling, sitting area, His/Her vanities, garden tub/separate showr. Awesome walk-out Basement w/BRs, kitchen, family room & media room...ideal for family fun & entertaining. Custom deck. Security System. 3 car side load garage...AND MUCH MORE!
 
 
 
 
 

Just Listed - 2405 Carmathen Rd

by Buddy Frey

Former Model Home w/Tons of Upgrades! Brick walkway leads to covered front porch. Hardwoods throughout main level. Custom moldings, brushed nickel hardware, lighted ceiling fans. DR w/arched entries to FR & Kitchen. Kitchen has 42" cabinets, built-in microwave, adjoining breakfast area. Family Room w/TV niche above gas fireplace. Master Suite-trey ceiling, huge walk-in closet, double vanity, garden tub/separate shower. 2nd floor laundry. Brick Patio. Security System. In-Ground Irrigation.

Great Housing News from Charlotte NC

by Buddy Frey

The Charlotte Real Estate market is beginning to tick higher...enjoy this article from Sunday’s Charlotte Observer. 

http://www.charlotteobserver.com/2013/03/22/3930771/spike-in-university-city-home.html

Please feel free to contact me with any questions...if you are thinking of selling your home we would be happy to schedule a no obligation market consultation.  If you are thinking of buying a home, MTG rates are still at all time lows.  Our team of experts are ready to help!  
                                               
 Call us today:  704-409-4900

It's a good life!
Buddy Frey

MTG Rates Creep Higher

by Buddy Frey

Good afternoon and Happy Valentines Day!  Wanted to point out that MTG rates have been creeping up a bit lately and some say we've seen the bottom.  The cost of a $200,000 loan goes up about $115 per month or about $1,400 year when MTG rates go from 3.5% to 4.5%.  Something for sure to think about whether you are buying a home to live in or, buying a home as investment.  Please feel free to call me to discuss your options...I have great lender sources!  :-)  Call TODAY  704.409.4900

FEBRUARY 14th RATES!!!*

30 Year Fixed    3.625%

30 Year FHA     3.250%

15 Year Fixed    2.875%

5/1 Arm             2.625%

7/1 Arm             2.750%

It's A Good Life,
Buddy    704.409.4900

Improving Traffic A Good Sign

by Buddy Frey


Highest level of traffic index since tax credit, but waiting for buyerinterest in new homes:  Another month of improved traffic – the third straight month now, and the highest level for the traffic index since April 2010, the last month of the homebuyer tax credit. The improved economy and stronger consumer confidence has translated into an increase in homebuyer traffic. However, buyers remain focused on bargains. This creates trouble for new homes, as homebuilders have not reduced prices by as much as existing home prices have fallen. As a result, it appears that the better homebuyer traffic is largely bypassing the new home communities when it comes to signing a contract.


Attractive prices, pent-up demand, and higher mortgage rates cause increase in traffic, but much concentrated in warm weather locations:
Buyers were led out of hibernation by the attractive prices (most pronounced on foreclosures and short sales) along with pent-up demand that is being released by the increased confidence in the outlook for the economy. In addition, the sense of urgency created by the rising mortgage rates continued, as buyers attempted to act at a time when affordability remains extremely favorable. 

If you're in the market to buy a home please gives us a call today...we'd love to help!

Another Snow Day

by Buddy Frey

Good morning from snow/ice covered Charlotte, NC.  A very unusual 3 weeks of weather for us, as we have seen 2 major storms the first coming on Christmas day and the 2nd, yesterday. 

For those of you who are used to snow, 4" or so doesn't seem like much.  True.  I'm originally from Chicago and it took the "Great 1968 Blizzard" to shut the city down.  A little different story around here though...we just don't have the removal capacity and a couple of inches of the white stuff slows us down to a crawl.

I miss the snow and actually look forward to our infrequent winter storms.  To me it brings a sense of peace and natural quiet...kinda reminds me of home too.  So I say let it snow...another snow day never hurt anyone!

Oh, by the way...If you know of anyone who is looking to buy or sell real esate here in the Charlotte area please pass their name and number on and I will make sure to follow up and take great care of them!

Buddy Frey
bfrey@buddyfrey.com

Charlotte Parks and Recreation

by Buddy Frey

Good morning all,

Had a chance to enjoy some of Sunday's sunshine yesterday playing Disc Golf with some friends at Hornet's Nest Rec Park.  Charlotte actually has several Recreation Parks around town but I had never been to this one.  Gotta say, it's a great facility.  Besides 2 challenging disc golf courses, it has softball fields, tennis, basketball and even a bicycle cross country track plus more.  My friend actually said he was going to bring his daughter back to try the bike course!  

Anyhow, here's a link to the facility in case you wanted to check it out.  Have a great week and a safe Thanksgiving!  

http://charmeck.org/mecklenburg/county/ParkandRec/Parks/ParksByRegion/NorthRegion/Pages/Hornets.aspx   

It's A Good Life,
Buddy   

Now for your Morning Coffee!

 

 

 

 

 

 

 

Firm pitches big makeover for old Philip Morris plant

by Buddy Frey

A Georgia entertainment company has ambitious plans for the shuttered Philip Morris USA plant in Concord, with hopes of transforming the old cigarette factory into a campus with a movie production studio, a water park, restaurants and an electric-car manufacturer.

Terry Keeney, president of Stargate Worldwide Corp., said the project could create 4,000 jobs for Cabarrus County, which has struggled with high unemployment especially since Philip Morris shut down last year. Keeney also hopes to make use of a soon-to-expire tax benefit from last year's federal stimulus package.

But skeptics say that such a huge undertaking is always risky, and even more so in a recession.

"It's really tempting when the economy's struggling and you have this huge piece of property that's just sitting there and reminding you of what the county used to be, (to go along) when somebody says, 'Hey, I've got this great plan,'" said Joe Coletti, a fiscal policy expert at the conservative Raleigh-based John Locke Foundation. "...But in this case you are pledging part of the county's reputation on this, and that's where the county needs to be taking a look and saying, 'Does this really make sense?'"

Keeney said he understands that it's difficult for outsiders to envision what the Carolina USA Performance Park would be.

"I think once they come and start putting in applications and seeing the final drawings, they'll just be thrilled," he said in an interview. "We designed this with the community in mind."

Keeney said his company is under a confidentiality agreement with Philip Morris and can't talk about details of the financing, including the lenders, until after the deal closes. He described his plan as a $750 million project, including the property. He hopes Stargate can secure $100 million in what would essentially be a lower-interest loan made possible by the federal stimulus bill. Cabarrus County would play an administrative role in securing the $100 million in bonds, but county, state and federal officials say that the bonds' private investors - not the government - would be on the hook if the project fails.

County officials and commissioners said they don't know much about Stargate, but they plan to learn more. Because county money isn't directly involved in the bonds, they said, they haven't examined the company as closely as they would if it were asking for direct incentives.

"I've looked at their website, I've heard the guy (Keeney) talk, I don't know a whole lot more than that," said John Day, the Cabarrus County manager. But, "we're treating it a little differently than we would if they were" asking for incentives.

John Cox, president of Cabarrus Economic Development, said he is "cautiously optimistic" about the project.

Keeney said he has commitments for tenants for about 70 percent of the existing Philip Morris buildings. The massive site includes 2.4 million square feet of manufacturing space. Eventually, he said, the Carolina USA Performance Park would include auto-parts manufacturers, an electric-car manufacturer, a candy manufacturer, restaurants, and movie and production studios, including a 3,500-seat broadcast theater.

"Our whole purpose," Keeney said, "is to get people working." The diversity of the park's businesses will enable it to withstand any economic cycle, he said.

But Coletti, of the John Locke Foundation, said he's not sure the combinations make sense.

"If you have a down cycle of the economy, people are going to cut back on electric vehicles, they're going to cut back on travel to water parks, they're going to cut back on movies," he said. "I'm not sure where the diversification comes from."

Coletti said that other projects have started with a bang and then failed to meet expectations. Roanoke Rapids, for example, had to sell the Roanoke Rapids Theatre just a couple of years after it was built. Dell Computers received millions in state and local incentives for building a computer-assembly plant in Forsyth County six years ago, then announced last year that it was shutting down.

From The Charlotte Observer
11-5-2010

 

Displaying blog entries 1-10 of 45

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