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With over 25 years of real estate experience, Lucretia knows Moore County real estate! 910-692-6767.
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Lucretia Pinnock
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ARE YOU READY FOR THE NEXT HOUSING BOOM? Now is a great time to invest in real estate! Just think about the demographics of our country. Pinehurst, Southern Pines, and all parts of our area of North Carolina provide the Excellent life style that Baby Boomers and Echo Boomers want. Excellent Living Conditions including the cost of living! Excellent Hospitals Excellent Schools Excellent Housing and Home Values! Excellent Cultural Opportunities And the List Goes On… The Echo Boom Generation Is Even Larger Than the Baby Boom Generation! The population in America continues to rise and with it the Creation of new households with housing needs. According to conservative estimates, the number of households is expected to increase by 1.25 million annually over the next decade. SOME FACTS YOU SHOULD KNOW... More wealth is created when you buy at the bottom of a real estate cycle instead of at the top. The old story applies – buy low and sell high! Now is the time to buy a great house at a great value! The number of echo boomers will increase and maintain a strong demand for housing in the years to come HERE COME THE ECO BOOMERS! Echo Boomers Are Entering the Housing Market. They are primarily the offspring of the nation’s largest generation, the baby boomers ... and there are a lot of them. The echo boomers are entering their peak household formation years with close to 6 million more people than the baby boomers had during the 1970s. AVAILABLE Housing affordability is still at record highs. Production Cuts Have Moved Markets Closer to Balance Change in Existing Single-family Home Sales CONSIDER THESE BOOMING FACTORS— WHEN SUPPLY IS LOW, DEMAND IS HIGH. Source: National Association of REALTORS®, Existing Single-family Home Sales Markets are currently much closer to balance. Existing home sales are improving in the hardest hit states. Builders have cut back on building new homes to record lows. Based on annual household formations and approximately 300,000 home demolitions, we need between 1.3–1.7 million new homes built every year. In 2008, developers only built 892,800 units. The actual numbers for 2009 have not yet been released, but the estimate appears to be in the 500,000s ... Over the last 10 years, the population has grown by 30 million, but the same number of homes were sold in 2008 as in 1998. The demand is pent up. Many are still waiting to be sure the market is at bottom; however, with inflation possibly looming and the chance for interest rates to increase, now is the best time to reap the rewards that will come with the next housing boom! Just give me a call or search on our websites. www.PinehurstHomeSearcher.com or www.LucretiaPinnock.com. The future is now! Sincerely, Lucretia Pinnock Keller Williams Realty Pinnock Real Estate & Relocation Services 115 E. Pennsylvania Ave. Southern Pines, NC 28387 910-692-6767 office 910-215-6957 mobile lucretiapinnock@nc.rr.com www.LucretiaPinnock.com Oh, by the way®…if you know of someone who would appreciate the level of service I provide, please call me with their name and number, and I’ll be happy to follow up and take great care of them. Pinehurst was named as one of the Top Places to retire in September. With the Men's and Women's US Open Golf Tournaments coming our way in June of 2014, this is a great time to make that investment for the 2nd home soon to be a retirement home. 
Real Estate Contracts >Legal Documents
The stacks of papers that you have to sign in order to buy a house can leave you confused. The person conducting the closing will ask you to sign your name to countless documents that are filled with legal jargon. Some buyers just barely glance at each form and sign them without a lot of questions, while others find it very frustrating to try to read every form at the closing table.
You should read and understand the papers you sign. If you are getting a loan to buy the property, most of the paperwork will come from the mortgage company. In most cases, there is little time to read everything in advance because the forms arrive at the closing office shortly before closing is scheduled to begin. Most of the documents use standardized language, however, and you should be able to get copies of the documents ahead of time from the lender so that you can have your questions answered and be comfortable with the settlement process.
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| Q |
Where can you find the world's largest residential palace?
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| A |
The Istana Nurul Iman, palace of the Sultan of Brunei, includes 2,152,782 square feet, 1,788 rooms, 257 bathrooms and a 110-car garage. |
See More Real Estate Trivia > |
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Lucretia Pinnock Frontgate Pinnock Properties 115 E. Pennsylvania Ave. Southern Pines, NC 28387 910-692-6767 Fax: 910-692-4141 lucretiapinnock@NUMBER1EXPERT.com
Whatever your questions, I'll help find the answer. I have been a full time real estate professional in Moore County since 1985. And as one of America's NUMBER1EXPERTS™ and an avid reader of professional journals, I understand national and local trends in the real estate market. Because of this level of professionalism, Realty World-America has inducted me into the Hall of Fame for consistent real estate success. I am well equipped to guide you through all your real estate needs in the Pinehurst area. Call or email me today! |
NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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