333 Laurel Road in the Knollwood are of Southern Pines is featured above and is just one of our lovely properties that will be Open this Saturday. Stop by to see this beautifully renovated cottage just a quick walk to Pine Needles! Other homes that will be Open on Saturday include: In Southern Pines: 124 Belmont Court at Longelaf Country Club and 355 Fairway Drive, close to Pine Needles, too. In Pinehurst: at # 7, 22 Deerwood Court, 201 Erin Hills, a golf and waterfront condo, 295 Quail Run in Clarendon Gardens and 82 Sakonnett Trail on the course at # 6. In Whispering Pines, 22 Lavender Drive in Whispering Winds and in Carthage: two lovely horse farms...230 Red Fox Ridge at The Fields and 180 Breezy Pines Lane. There will be a map and directions at each home for all locations. Call Jamie McDevitt at 910.724.4455 for more information or view Virtual Tours at www.McDevittTownAndCountry.com
The Moore County Register of Deeds Office in Carthage has recorded the following property transfers valued at $50,000 or more. February 15-19, 2010 AMG Development Incorporated and Richard J. Kania to Wachovia Bank NA, Trustees Deed B2917/175 Lot 1547 S15 Forest Creek McNeill Township, 09 SP 366 $129,000. Christine McCarthy to James E. and Constance J. McKiernan, Lot 10 P1 S1 Huntcliff, Sandhills Township, $143,500. Amanda K. Cagle to Robert L. Thayer, 2.02 acres, Sandhills Township, $140,000. Kenneth H. Sauer Et al. to Kenneth H. and Karen V. Sauer, Lot 52B S6 Whispering Pines, McNeill Township, $120,000. Frances C. Chatfield Et al. to Susan S. Grine, Lot 20R Camerons, McNeill Township, $65,000. Judith M. Knight to Michael and Jessica Edelman, Lot 2 P1 Woodgreen Sandhills Township, $134,000.
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Fulton Group LLC and Country Club of NC Inc. to John M. and Cara T. Hardinger, Lot Z14 East Lake CCNC Sandhills Township, $330,000. Richard Perl and Deborah E. Morgan to John G. Bicket Et al., Lot 1517 S15 Forest Creek, McNeill Township, $159,000. Bicket Revocable Trust Dated 6/1/2001 Et al. to Tanabak Inc., Lot 2 Trotter Hills, $140,000. Terry Diprima Et al. to Enrico and Carol Rizzo, Lot 2326 Dartmoor Seven Lakes, Mineral Springs Township, $239,000. Harlan McCaskill to Justin B. Maples, Lot 2112 Knollwood Center McNeill Township, $125,000. Barbara J. and Dennis Lindenbaum to Lester Fox and Tracy Corrigan, Lot 234 U16 P2 Pinehurst, McNeill Township, $115,000. Quality Built Homes Incorporated to Sean Brackett, Lot 6 Laurel Commons, McNeill Township, $200,000. FCH LLC to EMAC Management LLC, 30.70 acres, McNeill Township, $1,200,000.
Ronald P. and Michelle L. Jackson to Mark T. and Melissa D. Finney, Lot 33 Clarendon Gardens, McNeill Township, $415,000. Dana H. Wiese Et al. to Branch Banking and Trust Company, Trustees Deed B3284/345 Lot 106H P01 McLendon Hills, $148,000. Kristine M. Williams and Jon Todd to Frederick L. and Mary J. Sheldon, Lot 39 SF PIV Foxfire East, $420,000. Roseann Ryan to Frank and Leila Maroun, Lot B4 P1 Pinehurst Trace, Mineral Springs Township, $122,500. Arthur and Gayle Davis to R. Wade Jr. and Celia C. Liner, 7 acres, 7.01 acres & 2.00 acres, McNeill Township, $650,000. Mark K. and Tammy G. Trueblood to Paul S. and Lisa K. Burton, 25 acres & 4 1/2 acres, Carthage Township, $110,000. Frances G. Kinnard Et al. to Kevin J. and Stephanie K. Lasko, Lot 550 U8A P1 Pinehurst, Mineral Springs Township, $202,500. Tarheel Land & Timber Inc. to Steve E. and Julie D. Long, 23.40 acres, Carthage Township, $124,500.
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Royce G. and Jane M. Edmonds to Jeffrey A. and Karen L. Leenheer, 0.55 acres, Greenwood Township, $94,500. Evelyn B. Hill to Monroe Brothers, 3.00 acres, Bensalem Township, $58,500. Lorraine G. and Alexander C. Conolly to Fernando and Carol Puente, Lot C46 PIII Pinehurst Trace, Mineral Springs Township, $180,000. H&H Construction Inc. to Kacee A. Barbara B. Holmes, Lot 6 Sinclair Little River Township, $229,500. John H. and Alice P. Wilson to ZEH Enterprises LLC, Lot 1 BL1 Pine Ridge Sandhills Township, $267,500. Kathleen E. Campione Et al. to David C. Delaby Et al., Lot 387 Echo East Seven Lakes, Mineral Springs Township, $135,000. Pinnacle Development Corporation Inc. to Scott A. Manley, Unit 24 P4 Elk Ridge Sandhills Township, $189,500. Phillip E. Ward to Ryan J. and Tracy W. Misero, Lots 44B & 45B S8 Whispering Pines, McNeill Township, $285,500.
FRIDAY, FEBRUARY 26, 2010
Professionally Speaking
Dear Community,
Existing home sale prices in Moore County continue to be improve Existing home sale prices in Moore County continue to be improve, according to Realtor® Elizabeth Childers, 2010 President of PinehurstSouthern Pines Area Association of Realtors®. The average price for a single-family home sold in January in Moore County was $280,300 as compared to $266,048 in December 2009. Since the 1st Quarter of 2009,when single-family home prices reached their lowest point in several years, prices for single family existing homes has steadily increased. Moore County homeowners are seeing an appreciation stated Realtor® Childers. She expects these trends to continue as Moore County becomes the preferred relocation community because of excellent schools, outstanding health care facilities, recreation vari-
ety and business growth. Moore County home sales will also see an improvement as BRAC becomes a reality in the years ahead said Realtor® Childers. Home sales are also encouraged by historically low interest rates, great variety of inventory and home buying programs, such as, the first time homebuyer tax credit. Pinehurst-Southern Pines Area Association of Realtors® is one of more than 1,400 local boards and associations of Realtors® nationwide that comprise the National Association of Realtors®. The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing more than one million members involved in all aspects of the residential and commercial real estate industries.
Elizabeth Childers
Pinehurst - Southern Pines Area Association of REALTORS®, INC. The Voice for Real Estate in the Sandhills www.pinehurstncrealtors.com Published every Friday by The Pilot in partnership with the PinehurstSouthern Pines Area Association of REALTORS, with a circulation of 19,000. Deadline for the Sandhills Real Estate Guide is 5:00 pm on Tuesday. FRIDAY, FEBRUARY 26, 2010
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FSBO Numbers Are Trending Down According to the 2009 Profile of Home Buyers and Sellers compiled by the National Association of Realtors, forsale-by-owner (FSBO) properties totaled only 11 percent of real estate sales between July 2008 and July 2009 — less than the previous year. In keeping with previous trends, the median price of FSBO homes was considerably less than those sold through a real estate professional — $172,000 vs. $215,000.
The primary reason sellers chose to go the FSBO route was to avoid paying an agent’s fee or commission. However, FSBO sellers also acknowledged that they encountered many challenges. Nearly one in five reported that knowing how to prepare their home for sale was difficult. Setting a realistic price and dealing with paperwork were each cited by 15 percent of FSBOs as the toughest task in selling their homes. Even successful FSBO sellers
“Nearly one in five (FSBO sellers) reported that knowing how to prepare their home for sale was difficult.” aren’t necessarily “sold” on the practice. Only 15 percent said they would sell a home themselves in the future, while 56 percent indicated they weren’t sure and 29 percent said they would definitely use a real estate professional for their next home-sale transaction.
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 910-692-6225. Reprinted with permission of The Printer, Inc.
Visit us online at: www.thepilot.com FRIDAY, FEBRUARY 26, 2010
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Visit the Sandhills Real Estate Guide Online • Property Transactions • Press Releases • Out & About in Real Estate
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FRIDAY, FEBRUARY 26, 2010
Weichert, Realtors® - Larose & Company Realtor Christine Menear Earns NAR Green Designation P i n e h u r s t-Southern Pines, N.C., December 22, 2009— Realtor Christine Menear, a member of the sales team at WEICHERT, REALT O R S ® - Larose & Company, has been awarded the National Association of REALT O R S ® (NAR) Green Designation, the only green real estate professional designation recognized by NAR. Menear completed 18 hours of requisite course work designed specifically for Realtors. The courses were created in collaboration with a multidisciplinary team of industry experts from across the country to ensure a comprehensive education in green homes and buildings and issues of sustainability in relation to
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real estate. S p e c i f i c a l l y, Menear was trained to understand what makes a property green, along with how to help clients evaluate the costs and benefits of green building features and practices, the differences between industry rating and classification systems, how to list and market green properties, the availability of grants and incentives to homeowners, and how to help consumers see a property’s green potential. “As energy costs rise along with concern for the environment, homeowners are looking for innovative ways to save money and live responsibly,” said Dick
Gaylord, NAR’s immediate past president. NAR’S Green Designation was developed in response to growing consumer awareness of the benefits of resource-efficient homes and buildings. The designation helps consumers who care about energy efficiency and sustainable building practices to identify Realtors who can help them realize their green real estate and lifestyle goals. As an NAR Green designee, Menear has the knowledge and tools to become a trusted green resource for clients throughout the market. She can be reached at W E I C H E R T, REALTORS® -
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Christine Menear Larose & Company , located in Yadkin Park in P i n e h u r s t-Southern Pines at 190 Turner Street, Suite D, telephone (910) 6933300.
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Time is Running Out to Take Advantage of Home Buyer Tax Credit Over the past year and half, the federal government has enacted a number of special s h o r t-term incentives to buy a home. The $8,000 firsttime home buyer and $6,500 repeat buyer tax credits have inspired millions of Americans to buy homes. But the window of opportunity to take advantage of those tax credits is quickly running out—they expire on April 30, 2010. There’s no time to waste. But families who are thinking about buying a home may still be able to qualify. The IRS allows buyers who sign a sales contract by the April 30 deadline to still be eligible if they close the sale of the home by June 30, 2010. Potential buyers shouldn’t give up, there are still plenty of great homes in our market, including existing homes and — even though the inventory of move-in ready newly constructed homes has dwindled — many builders may still be able complete a home in time.” The National Association of Home Builders estimates that with the expansion and extension of the housing tax credits, close to 70 percent of all potential home buyers could qualify for some form PAGE 12
of the current credits. Many people may think they don’t qualify for a housing tax credit when in fact they might, so it is important to understand how the IRS defines the eligibility criteria for the credits as well. For example, if you owned and sold a home many years ago, you may still qualify for the $8,000 firsttime home buyer credit. The IRS defines “first-time buyer” as someone who has not owned a home in just the past three years. Or, if you sold your home a year ago, but you owned and lived in it for at least five consecutive years out of the past eight, you may still be eligible for the $6,500 repeat buyer credit if you buy a new principal residence before the deadline. Finally, the income limits of previous housing tax credits excluded many buyers in higher cost of living areas. But the current credits increased those limits, enabling single taxpayers with incomes up to $125,000 and married couples earning up to $225,000 to potentially qualify for the full credit. Partial credits may be available to home buyers earning up to $20,000 more than those limits.
If you’ve been considering buying a home for any reason, the new tax credits— combined with interest rates that are hovering at historically low levels and competitive home prices—make it an ideal time to buy. To learn if you may be eligible for a housing tax credit, go to www.federalhousingtaxcredit.com. The site also provides other helpful information including the new
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documentation requirements for the tax credit, detailed question and answer sections, and links to additional home-buying resources. To contact a builder in our area contact the Moore County Home Builders Association at www.mchba.org
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Carol Wall Joins Brenner Real Estate Carol Wall has been in the real estate business for 33 years. She owned her own company in New Jersey, where she was also a developer of historic properties. Carol came to Pinehurst 9 years ago and for 8 years was with Coldwell Banker where she was also the manager. She has a wide range and long list of Real Estate accomplishments to her credit. She is a certified relocation specialist, certified property manager and accredited buyer representative. She was a founding member of the relocation group Home to Home. During her long career in real estate, she was President of the Hoboken Board of Realtors for 3 terms, and was responsible for merging two other boards with hers and creating a County Board of Realtors. She was on numerous committees of the NJ Board of Realtors and various committees with the National
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Carol Wall Association of Realtors. Besides her tenure in New Jersey, she worked on the historic preservation of the John A. Wilson Building in Washington, DC, where she also worked for the Carlyle Group. She brings all of this experience to Pinehurst, and has gained the reputation of finding homes for clients who then become her friends. Her motto is “experience makes the difference.� Carol now brings all of her knowledge and experience to Brenner Real Estate.
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