Vacation Home Market Growing!!

Posted by Jochen | Posted in Uncategorized | Posted on Monday, October 27, 2014

The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said they’d likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) makes more and more sense as the economy improves and the housing market recovers.

If your family is thinking about purchasing that second home, now may be the perfect time. Prices are still great. If you decide to lease the property until you’re ready to occupy it full time, the rental market in most areas is very strong. And you can still get a great mortgage interest rate.

If you are looking to escape the summer heat, call us today about finding your perfect mountain estate or cottage. We have a wonderful selection of vacation homes in the greater Highlands, Cashiers, Sapphire, Lake Glenville, and Lake Toxaway area. Call us today at 828-743-1999, or email us at info@ncliving.com.

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Home Sales Hit Highest Level of the Year

Posted by Jochen | Posted in Real Estate News | Posted on Thursday, October 23, 2014

The National Association of Realtors (NAR) released their Existing Home Sales Report earlier this week. The report revealed that “sales bounced back in September to their highest annual pace of the year”. As the chart below shows, after a very slow start at the beginning of the year, residential home sales have been increasing nicely.

Home Sales Hit Highest Levels of 2014 | Keeping Current Matters

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Billionaire Says Real Estate is Best Investment Possible

Posted by Jochen | Posted in Real Estate News | Posted on Thursday, October 23, 2014

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated:

“I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you’re the owner-occupier of.”

Who is John Paulson?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?

According to Forbes, John Paulson is:

“A multibillionaire hedge fund operator and the investment genius.”

According to the Wall Street Journal, Paulson is:

“A hedge fund tycoon who made his name, and a fortune, betting against subprime mortgages when no one else even knew what they were.”

Why does he believe homeownership is such a great investment?

Paulson breaks down the math of homeownership as an investment:

“Today financing costs are extraordinarily low. You can get a 30-year mortgage somewhere around 4.5 percent. And if you put down, let’s say, 10 percent and the house is up 5 percent, which is the latest data, then you would be up 50 percent on your investment.”

How many are seeing a 50% return on a cash investment right now?

Bottom Line

Whenever a billionaire gives investment advice, people usually clamor to hear it. This billionaire gave simple advice – if you don’t yet live in your own home, go buy one.

Provided by: KCM

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Weekly Real Estate Sales Update for the Cashiers, Sapphire, and Highlands Plateau in North Carolina

Posted by Jochen | Posted in Weekly Real Estate Sales Update | Posted on Monday, October 6, 2014

Why wait any longer to reach for the home of your dreams? Silver Creek Real Estate Group invites you to join the growing number of families and investors who have discovered the natural beauty of the Highlands-Cashiers Plateau, as well as the lasting value of homes and property in the Blue Ridge Mountains of Western North Carolina. If you currently own a home in Cashiers, Highlands, Sapphire, Glenville or Lake Toxaway – and are considering making a move to another corner of the world – we encourage you to select Silver Creek as your listing partner. We take great pride in successfully matching buyers with sellers and dreamers with dream homes.

For your convenience, we have compiled a list of this week’s home and land sales. Property sales for the week of September 29, 2014:

A 4 bedroom/3 bath home with 26+ acres on Holt Road sold for $2,350,000
A 4 bedroom/4 bath/1 half-bath home in Old Edwards Club sold for $1,510,000
A 3 bedroom/3 bath/1 half-bath home in Trillium sold for $850,000
A 2 bedroom/2 bath home in Lake Toxaway Estates sold for $755,250
A 4 bedroom/4 bath/2 half-bath home in Holly Forest XIV sold for $695,000
A 4 bedroom/3 bath home in Wildcat Cliffs Country Club sold for $685,000
A 4 bedroom/3 bath home in Sunset Cove sold for $600,000
A 3 bedroom/3 bath/1 half-bath home in Bridge Creek sold for $520,000
A 4 bedroom/3 bath home with 7+ acres on Bob Zahner Road sold for $515,000
A 3 bedroom/3 bath home in Lake Toxaway Estates sold for $375,000
A 3 bedroom/3 bath home in Burlingame sold for $360,000
A 3 bedroom/3 bath home in Burlingame sold for $350,000
A 3 bedroom/2 bath home in Holly Forest VI sold for $200,000
A 4 bedroom/2 bath home on Highlands Cove Drive sold for $195,000
A 2 bedroom/2 bath home on Dillard Road sold for $150,000
A 1 bedroom/1 bath home on Brush Creek Drive sold for $53,000
23+ acres on Lakeside Circle Drive sold for $3,500,000
A lot in Pilots Knob sold for $75,000
A lot in McDonald Subdivision sold for $30,000
A 3 bedroom/3 bath unit in Old Edwards Club sold for $526,000
A 2 bedroom/2 bath unit in Highlands Country Club, Fairway Villas sold for $500,000
A 3 bedroom/3 bath unit in Old Edwards Club, The Views sold for $490,000
A 3 bedroom/3 bath unit in Emerald Cove sold for $260,000
 

Whether you are looking for your family’s vacation home or primary residence, Silver Creek Real Estate Group welcomes the opportunity to help you find the ideal home to fit your vision. If you wish to place your Highlands-Cashiers Plateau property on the market, we invite you to contact Silver Creek and speak with one of our talented and experienced brokers. To get started as quickly as TODAY, simply call us at 828-743-1999 in Cashiers and 828-526-2999 in Highlands, drop by our offices at the Shoppes at CreekSide near the Cashiers Crossroads, or e-mail your questions directly to us at info@ncliving.com. We look forward to discussing how Silver Creek Real Estate Group might best serve you and your family!

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