FRIDAY, MARCH 4, 2011
L ET ’ S TA LK H O M E F I N A N C E
THE PILOT — SOUTHERN PINES, N.C. OLD TOWN
VILLAGE AT BLUE FARM
PAGE D5
Is Real Estate Still A Solid Investment?
By Victoria Spannaus Wells Fargo Home Mortgage
Eva Toney 910-638-0972
E-Mail: eva@pinehurst.net
www.RealEstateInPinehurst.com
FARM LIFE SCHOOL DISTRICT in Whispering Pines area – one owner home on quiet cul-de-sac – open floorplan, 1800+ SF, 3 BRs/2 Baths, Carolina Rm and 1/2 Acre+ lot. www.140crimsoncourt.com $220,000
SITUATED ON THE CORNER OF MCKENZIE AND FRYE ROADS tucked away on almost an acre or privacy – 3 BRs/2 1/2 Baths, 2300+ SF, gorgeous Family Rm w/floor to ceiling woodburning fireplace & separate large workshop. $585,000. www.90westmckenzieroad.com
©2011 Prudential Financial, Inc. and its related entities. An independently owned and operated broker member of Prudential Real Estate Affiliates, Inc., a Prudential Financial company. Prudential, the Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license. Equal Housing Opportunity.
THE PINES R E A L T Y
DISCOVER FOR YOURSELF, THE PINES REALTY DIFFERENCE!
3BR, 2BA IN SEVEN LAKES WEST
MLS# 137516
$255,000
Attractive single level brick home built in 1999. Bright and open floor plan measuring over 2,100 s.f. Features include oak hardwoods, large Kitchen, Carolina Room and spacious Master BR Suite. Nicely landscaped .49 acre lot and circle driveway.
3 BR CLASSIC RANCH IN PINEHURST
MLS# 141446
$197,900
3 BR, 2 BA brick ranch with many impressive features including a huge Kitchen w/ center island, nice sized bedrooms, crown molding, fireplace, abundant storage, oversized driveway and much more! Super convenient location.
FULL SERVICE LISTING PLANS WITH EXCEPTIONAL PRICING TODD KENTHACK
P. (910) 603-9050 BROKER/OWNER REALTOR, MBA, GRI SEARCH ALL LISTINGS AT: GOLFHOMESINPINEHURST.COM
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$10 for $20 gift certifcate or $5 for $10 gift certifcate
Throughout the U.S., property values are just beginning to rebound and home improvement costs have been climbing. Is real estate still a solid investment — or a risky gamble? When it comes to buying stocks, the mantra on Wall Street has always been “buy low, sell high.” The same advice applies to real estate. But unlike the typically unpredictable stock market, several signs point to a healthy future for property investors. 1. Rates are still at extremely favorable levels and are expected to remail relatively stable. 2. The country remains in a buyer’s market because there’s still a surplus of homes for sale and sellers are willing to deal. 3. There is a threemonth “window of opportunity” before summer’s surge of buyers drives up demand and prices. Before you sit down
“I will provide an outstanding mortgage experience from application to closing”
with the Sunday paper and a highligher, however, think about these ABCs of successful real estate investing: A — Assess Your Market. Location really is everything in real estate. It determines how many buyers or tenants are available and directly affects your profit margin. Look at each potential purchase through a buyer’s or renter’s eyes as you research the property, the neighborhood, the schools, and comparable sales in the area. B — Be Prepared. Meet with your mortgage lender to get preapproval for financing and to discuss the best loan options, such as a lower downpayment program that can minimize out-of-pocket
expenses. When you do find the perfect property, you’ll be able to move quickly and decisively. C — Cash Reserves. Don’t underestimate (or overestimate) the amount you’ll need for repairs and carrying costs. Work with your real estate agent and lending professional to create realistic projections and timetables. For a free consultation to discuss which type of mortgage loan will work best for you, call Victoria Spannaus at Wells Fargo Home Mortgage at (800) 741-7813 or 910-6926225. Reprinted with permission of The Printer, Inc.
Value: $20 or $10 Discount: 50%
Savings: $10 or $5
Price: $10 or $5
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Your goals deserve our attention Every year, millions of Americans enjoy the rewards of homeownership. And they trust their homeownership goals to Wells Fargo Home Mortgage. We’d like to help you too. With our exclusive programs and dedication to personal service, you can feel confident that we’ll help you choose the home financing to help fit your current needs and future goals. To put your goals into action, call your Wells Fargo Home Mortgage consultant today.
Victoria Spannaus
Deborah Lawson
Lisa Gibbs
Sales Manager Wells Fargo Military Certified 10796 US Hwy 15-501 South Southern Pines, NC 28387 Office: 910-692-6225 Toll Free: 800-741-7813
Home Mortgage Consultant Jr
Home Mortgage Consultant 600 SW Broad Street Southern Pines, NC 28387 Office: 910-692-2212
10796 US Hwy 15-501 South Southern Pines, NC 28387 Office: 910-692-5118 Cell: 910-215-4099
Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2010 Wells Fargo Bank, N.A. All rights reserved. AS482283 12/10-3/11
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