An up-to-date will is one of the most important items to insure that your assets are handled properly upon your death. And, since your home is most probably your largest asset, having a will with each and every paragraph and codicil up-to-date is doubly important to safeguard your real estate investment.

Financial planners suggest that everyone over the age of majority should have at least four legal documents: a last will and testament, a durable power of attorney, a power of attorney for health, and a living will. Some people also have a separate power of attorney for financial matters. (more…)

search for : last will and testament, durable power of attorney, power of attorney for health, living will

This one-of-a-kind lakefront lot is truly unique within the Malone Bay community. It is one of the most desirable, if not the most desirable lot among the few remaining properties with waterfront access to W. Kerr Scott Lake.

Malone Bay features 18 lots at W. Kerr Scott Dam & Reservoir. 14 are Lakefront and meet private dock requirements. This is a gated community with Lots ranging from 2.3+- acres to 6.8+- acres On the Hwy 421 side of the lake just off South Minton Road, Wilkesboro, NC 28697

Main Channel Views.
300 feet of waterfront.
Dock with boat slip and 2 jet ski slips.

2.86 acres.

MLS Number: 51155
List Price: $359,000
Lot Size: 2.86 ac.
Apx Acreage: 2.86
Type: Waterfront
Area: Area 2
Suitable Use: Residential

Topography: Rolling
Utilities: Underground Utilities
Road Frontage: Private Road
Restrictions: yes
Water/Sewer: Public Water
Miscellaneous: 1-5 Acres
Location: Malone Way

click here for more information

search for : Malone Bay, W. Kerr Scott Lake, W. Kerr Scott Dam

The continued decline in the U.S. dollar, coupled with falling home prices are turning America’s second home market into a fire sale for some foreign real estate buyers. Not only can buyers from abroad cash in with stronger currency, falling domestic home prices and short term vacation rental income helps seal the deal.

In Florida, a growing number of buyers are foreign. When compared to western Europe and Asia, Florida home prices are a bargain. According to NAR’s “They Come To America — To Buy Homes,” in 2006, 65 percent of Florida real estate agents had at least one international customer and the trade group’s “Profile of International Home Buying Activity” indicated that at least 7 percent of 2006 home sales in Florida were to foreign purchasers. (more…)

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Along with the recent drop in mortgage interest rates, home prices have moderated in many areas, making it a good time to buy. If you’ve never bought a home before or if you currently own a home but have never bought and sold at the same time, the process can seem intimidating.

You can ease your anxiety by formulating a game plan and by assembling the best team of professionals you can find. The two key players on your team are the mortgage person and the real estate agent. Once you have these selected, they can help you line up the additional help you need. (more…)

search for : mortgage interest rates

Buying a house, particularly for the first-time, can be a little understood, complicated process. Hopefully, the first-timer will employ the services of a knowledgeable and seasoned real estate agent. The right agent can smooth the process, allowing the prospective owners to concentrate on finding just the right home, not worrying about the minutiae of home buying.

A timeline would really help to put the buying process in order. A recent article on the MSN site does just that — segregates the buying process into understandable divisions of time. The timeline starts from a year prior to the actual closing date. The first step is for the buyer to get a copy of their credit report.

click here for the entire timeline.

Investors prospecting for “short sales” and other pre-foreclosure opportunities got a big boost from Congress and the White House recently. Congress passed long awaited legislation to prohibit the IRS from demanding income tax payments from home sellers whose lenders write off a portion of the outstanding debt balance owed on the loan.

Under the previous law, delinquent home owners heading for foreclosure had to factor a federal tax code into their decisions on whether to participate in a short sale or other transaction involving debt forgiveness. Now that tax burden is totally off the table, at least until 2010. In the meantime, investors and Realtors should encounter one less objection by home sellers to participating in a short sale. (more…)

search for : short sales, pre-foreclosure, delinquent home owner