Union County Real Estate Talk

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Buying a Charlotte Home? Check Out the Water Heater

Did you ever run out of hot water at your house and wonder why?

Here is an interesting post about water heaters from a Tennessee home inspector.  He includes a guide for calculating how large a water heater should be. 

This is a great post for anyone buying a home.

Via Michael Thornton - Nashville, TN area Home Inspector - 615.661.0297 (Complete Home Inspections, Inc.):

Size Does Matter...
     I have been running into many 40 gallon electric water heaters in my inspections, especially in rehabs. While I understand that it is all about turning a profit; 9 times out of ten, I write these up as being improperly sized. Here’s why:
     The selection of a particular type hot water supply system for a house is determined by several factors including the utility connections available, utility rates, hot water demand, and owner preference.
     There are several methods which can be used to calculate hot water demand. Each possibly will give different results. While no one single method is a perfect indicator of the actual hot water needs, the homeowner's demand will be the determining factor as to the size. Some of these factors are as follows: The number of people living in a house, occupant ages, lifestyles, work schedules, and the number of appliances using hot water.
     Most households use the highest volume of hot water during two peak periods every day. These typically occur in a two-hour period between 6:00 - 9:00 am or 5:00 - 8:00 pm each day. Regardless of the adequacy of a water heating system during off-peak periods, inadequate hot water during peak periods will lead most people to believe that there is a hot water supply or capacity problem.
     Not all water heaters are made equal; nor, are all households and demands the same. Hence, the specific water usage patterns and water heater design and capacity specifications must be considered to determine what water heating system will be most appropriate for any particular situation.
     If you are running out of hot water at various times of the day, you may need to have to change your life style or have a specialist in the appropriate trade further evaluate the size of your water heating system.
     I have attached the following guide to give a reference for selecting the appropriately sized water heater based on the number of bedrooms and bathrooms. I hope that this helps.

Water Heating Size Chart

For all your inspection needs in the Brentwood, Franklin & Nashville TN real estate markets
Call us today:
Complete Home Inspections, inc.
The guys with the hats...
615.661.0297
Brentwood, TN

Scan the QR code below for business card info

Complete Home Inspections Inc. Brentwood, TN - Business Card QR code

 


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Home Inspections for Charlotte NC Home Buyers--Video 1

Charlotte NC home buyers, don't let that home inspection scare you away.  Sometimes it's not as bad as it seems.  Watch this great video from a Tennessee home inspector.

Via Michael Thornton - Nashville, TN area Home Inspector - 615.661.0297 (Complete Home Inspections, Inc.):

Diehl Killerz ~ Blue Lagoon...
     Well after much much ado, Big Diehl, Flubber and the adventures of Diehl Killerz makes its debut. This and ensuing episodes were designed to make a parody of the serious business of home inspecting. The whole purpose was to make folks aware that not everything that shows up in home inspection world is the dreaded "Deal Killer".
     Look for more episodes of Diehl Killerz and my mad marketing to come to a blog close to you sometime in the not too distant future...
     I hope you enjoy the pilot...


For all your inspection needs in the Brentwood, Franklin & Nashville TN real estate markets
Call us today:
Complete Home Inspections, inc.
The guys with the hats...
615.661.0297
Brentwood, TN

Scan the QR code below for business card info

Complete Home Inspections Inc. Brentwood, TN - Business Card QR code

 


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Charlotte NC Home Buyers Get Assistance for Loan Closing Costs

Charlotte NC Home Buyers Get Assistance for Loan Closing Costs

Are you hoping to buy a Charlotte NC home but not sure if you will have enough money for a down payment and closing costs?  In a recent post, I offered some solutions for the problem of not having much money for a down payment.  Read that post about no down payment loans here.Charlotte Question Clipart

Now what about the loan closing costs?  Here are some ways to minimize your investment in closing costs if you are a Charlotte NC home buyer.

Problem:  Lack of Funds for Closing Costs

Ask the seller for assistance with closing costs.  Most loan programs will allow the seller to pay a buyer’s loan closing costs with certain restrictions on the amount.  Various loan programs with allowable seller-paid closing costs are listed below.

  • FHA      6% of the contract sales price
  • VA        4% of the contract sales price
  • Conventional with 90% or less loan to value     6% of the contract sales price
  • Conventional with 95% loan to value                3% of the contract sales price

Ask your loan officer to modify the loan interest rate for lender-paid closing costs.  That’s right.  The lender can increase the interest rate of the loan to cover a credit to you for closing costs.  At today’s low interest rates, your monthly payment may increase very little to accommodate lender-paid closing costs.  Lender-paid costs might be available up to 2.5% of the contract sales price.  This is a useful tool to use when the seller doesn’t have enough equity in his home to pay your closing costs.

Want to know more about closing cost assistance in Charlotte NC? Click here to contact me about your eligibility for one of these loans.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Charlotte NC Home Buyers Get Assistance for Loan Closing Costs*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Charlotte NC Home Buyers--Don't Let Limited Funds Keep You from Your Dream Home

Charlotte NC Home Buyers--Don’t Let Limited Funds Keep You from Your Dream Home

Are you a frustrated Charlotte NC home buyer? You would like to purchase that cute little cottage down the street. But your bank account isn’t overflowing with extra cash. You may be feeling that you are shut out of your homeownership dreams.Real Estate Question Clipart

Take heart. There may be a way for you to become a happy homeowner despite your lack of funds.

I work with many Charlotte NC home buyers who have limited funds. They may have enough money for a down payment but not enough to pay their loan closing costs. Or both the down payment and the closing costs are out of their reach.

This series of posts will offer some ideas to help you solve the problem of limited funds and achieve your dreams.

Problem: Lack of Funds for a Down Payment

Find a loan program that doesn’t require a down payment. This was easy to do until the financial collapse. Now 100% financing programs are not so common but there are still some left.

  • If you are a veteran, you may be eligible for 100% financing through a VA loan.
  • A USDA loan with 100% financing may work for you if you are purchasing a home in a rural area. Learn more about USDA loans here.
  • If you are a first time home buyer, the North Carolina bond program with its down payment assistance may be a fit for you.

Get gift funds from a relative.

  • FHA financing allows a borrower to receive gift funds from a close relative. The down payment requirement for FHA is 3.5% of the contract sales price. You can get gift funds for all of your down payment.
  • Conventional loans also allow gift funds but only with documentation that the borrower’s account has 5% of the purchase price in the borrower’s own money.

Want to know more about 100% financing in Charlotte NC? Click here to contact me about your eligibility for one of these loans.

Copyright 2011. Carol Fox. Allen Tate Realtors. *Charlotte NC Home Buyers—Don’t Let Limited Funds Keep You From Your Dream Home*

 


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Due Diligence for Charlotte NC Home Buyers--What About Crime?

Due Diligence for Charlotte NC Home Buyers—What About Crime?

What about the crime in this area or in this neighborhood?  If you are a Charlotte NC home buyer, you may wish to investigate crime near your chosen property during the due diligence period of your contract.  This post will help you understand where you can go to find this information and give you some links to get started.Question Mark Clipart

Local Police Departments

Before you can find crime statistics in the Charlotte area, you need to understand how the police departments are organized.  In Mecklenburg County, the Charlotte Mecklenburg Police Department covers all of Charlotte and unincorporated Mecklenburg County.  The Towns of Matthews and Mint Hill, each within Mecklenburg County, have their own police departments.

In Union County, the Union County Sheriff’s Department provides police protection for unincorporated areas of the county plus coverage in many of the small towns.  Monroe, Stallings, and Waxhaw have their own police departments.

Once you’ve determined where your chosen property is located, you can identify who provides police service for it.  Then you are ready to go online to see crime statistics.  If you have specific concerns, you may also wish to contact law enforcement officers directly with your questions.

Crime Statistics Online

Here are links to crime reporting websites in Mecklenburg and Union Counties.

Charlotte-Mecklenburg Police Department

Union County Sheriff’s Department

Town of Matthews

Town of Mint Hill

Town of Stallings

Town of Waxhaw

Learn more about due diligence when purchasing a property in the Charlotte NC area.

Want to know more about buying and selling real estate in Charlotte NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Due Diligence for Charlotte NC Home Buyers—What About Crime?*

 


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

How a Good Title Search Saved a Real Estate Closing

How a Good Title Search Saved a Real Estate Closing

“I’m not the sole owner of the property I purchased two years ago?”

Two weeks before closing and this was the bad news delivered to Judy, my seller client. Contract ClipartThe closing attorney had completed the title search and found a mistake in the previous closing attorney’s work.

Judy had purchased her home from a couple who were separated and divorcing. Her closing attorney mistakenly recorded a deed to Judy with the wife’s signature only. Judy had no idea that she wasn’t the only person with title to the property she was selling.

Suddenly, the value of a good title search became very clear. Title searching is the part of the closing process where the closing attorney or title company completes a thorough search through the public records to determine that the chain of title is clear and that the seller has the right to sell the property. In Judy’s case, she only owned a portion of the property because one of the previous owners hadn’t signed the deed that transferred ownership to Judy.

The obvious solution to Judy’s problem was to find the ex-husband/previous owner and get him to sign a correction deed.

Could it be done?

The closing attorney called the real estate agent in the earlier transaction who gave him the ex-wife’s contact information. Through the ex-wife, he found the ex-husband. The ex-husband still lived in the city and was remarried. That meant that both the ex-husband and his new wife were part owners of Judy’s property.

Would they sign the deed?

Fortunately, the ex-husband and his wife were very cooperative. They signed and notarized a correction deed directly to the new buyers of Judy’s property. The closing went off without a problem and on-time.

But the situation could have gone so wrong. The ex-husband could have disappeared and not been found. He could have refused to cooperate. His new wife could have refused to cooperate. They could have demanded money in exchange for the signatures.

What would have happened to Judy’s closing if the correction deed had been impossible to obtain? It wouldn’t have happened because Judy couldn’t sell the property without all the owners’ signatures on the deed. Judy’s only recourse at the point would have been to make a claim on her title insurance policy.

Title insurance is the one-time fee that every buyer pays at closing. Mortgage companies require a title policy to cover the loan amount. For a small extra fee, home buyers purchase an owners policy to cover the entire purchase price. The purpose of title insurance is to insure the home buyer and the lender against mistakes like Judy’s that render the property unsellable.

Ask Judy about the value of a good title search and title insurance. She’ll tell you that it’s the best money spent in a real estate transaction.

Want to know more about buying and closing Charlotte properties? Visit Carolina Small Town Living.

Copyright 2011. Carol Fox. Allen Tate Realtors. *How a Good Title Search Saved a Real Estate Closing*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

How to Read the MLS Property Report--A Guide for Charlotte NC Home Buyers (Part 7)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 7)

If you are a Charlotte NC home buyer, you will want to understand the wealth of information you can get from the Multiple Listing Service (MLS) property reports that your real estate agent gives you.Question Mark Clipart  This guide will lead you through a property report and make you a better-informed home buyer.  Part 1 covered the basic property information found at the top of the report.  Part 2 addressed what you should know and what you should investigate if the report indicates that the property is subject to a Home Owners  Association (HOA).  Square footage, including heated area and unheated area, was covered in Part 3.  Part 4 described how you can determine what type of rooms the home has and how some of these rooms, such as bedrooms, are defined in the Charlotte marketplace.  The type of information that the report gives about the features of the home or description of the home was the topic of Part 5.  Part 6 tells you how to find out what type of utilities and heating and cooling systems the house has.

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 1)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 2)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 3)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 4)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 5)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 6)

This is the final post in this series about the MLS Property Report.  You will want to see photography of the listing and read the description of the property entered by the listing agent.  The description is found in the Remarks section at the bottom of the report.  Photographs are found by clicking the media button in the upper right corner of the report.  Listing agents may enter up to 16 photographs for each listing.  The agent may also write a paragraph under each photo.  Be sure to check the media section to see if the agent has provided additional written remarks about the home.  A VT to the right of the media button indicates that there is a link to a virtual tour of the property as well.

Want to know more about buying and selling real estate in Charlotte NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 7)*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

How to Read the MLS Property Report--A Guide for Charlotte NC Home Buyers (Part 6)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 6)

If you are a Charlotte NC home buyer, you will want to understand the wealth of information you can get from the Multiple Listing Service (MLS) property reports that your real estate agent gives you.  This guide will lead you through a property report and make you a better-informed home buyer.Question Mark Clipart  Part 1 covered the basic property information found at the top of the report.  Part 2 addressed what you should know and what you should investigate if the report indicates that the property is subject to a Home Owners  Association (HOA).  Square footage, including heated area and unheated area, was covered in Part 3.  Part 4 described how you can determine what type of rooms the home has and how some of these rooms, such as bedrooms, are defined in the Charlotte marketplace.  The type of information that the report gives about the features of the home or description of the home was the topic of Part 5.

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 1)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 2)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 3)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 4)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 5)

One of the most important pieces of information to know about the property you are purchasing is what utilities serve the property.  What kind of heating and cooling system does it have?  Does it have access to public water and sewer?

The Utilities section gives this information near the bottom of the report.  Water/sewer is the first item.  The options here are city or county water and sewer, community water and sewer, and well and septic.  City/county water and sewer is provided by the local municipality or county.  In Charlotte, CMUD or the Charlotte-Mecklenburg Utility Department provides water and sewer services.  In Union County, Union County Public Works provides service for most of the county where available.  Monroe has a utility department for city residents.

What is the difference between community water and sewer and city water and sewer?  A community system is usually run by a private utility.  Sometimes the water can be from the same source as the public utility.  Other times, it can be a community well serving one or more neighborhoods.  Sometimes former privately-run community systems have been taken over by a public utility that continues to run them.  It is a good idea to ask the seller of the property about monthly utility costs.  Private utilities often charge more than the public utilities.

If the property has a septic system or on-site sewage disposal system, you will want to get a copy of the original permit to see where the drain field is and how many bedrooms the system was approved for.  You’ll also want to determine what type of septic system it is.  Is it a conventional gravity system or is it a low-pressure system with a pump.  A low-pressure system may mean that you will have to have a maintenance contract for yearly or twice-yearly service on the system.

The Utilities Section will also tell you whether the water heater is gas or electric and whether the house has central air.  The type of heating and cooling system, such as gas furnace or heat pump, is also noted as well as whether the house has more than one zone of heating and cooling.

Want to know more about buying and selling real estate in Charlotte NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 6)*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

Does That Pretty Little Stream in the Backyard Put You in a Flood Plain?

Does That Pretty Little Stream in the Backyard Put You in a Flood Plain?

The Charlotte NC area is a beautiful landscape of rolling hills, forests and streams.  Stream ClipartIt is also an area of abundant rainfall most years.  Some of the area’s streams are subject to flooding during especially heavy rains.

If you are a Charlotte NC home buyer, you should check to see whether that pretty little stream in the backyard of the property you’re considering lies within a flood plain zone. The purpose of this particular due diligence is not only to see whether the property might flood but also to check for any restrictions on what you can do along the stream.

Charlotte-Mecklenburg Storm Water Services maintains maps of the federal (FEMA) flood plains as well as Mecklenburg County designated water quality buffers.   Mecklenburg County water quality buffers are naturally vegetated areas of land along lakes and streams.  The purpose of these buffers is to protect water quality by allowing the vegetation to filter out pollutants from the storm water that flows across the buffer.  Mecklenburg County has three types of buffers with different restrictions.

Why should a Charlotte NC home buyer be aware of the flood zones and buffers on a property?

  • Your lender might require that you purchase flood insurance even if the house itself is not located within the FEMA flood plain.
  • You will not be allowed to put a permanent structure in the flood zone or buffer areas.
  • The water quality buffer regulations may affect your ability to construct a swimming pool, repair a septic system, remove trees and vegetation, or create any type of pathway through the buffer zone.
  • Flood zone maps are updated as new development changes the amount of storm water along streams.  It is possible that the property you buy today with a small flood zone or buffer can have greater flood zone coverage in the future on an updated map.

How can a Charlotte NC home buyer find out whether a property is subject to flood zone regulations?

  • Charlotte-Mecklenburg Storm Water Services has released a new 3-D Interactive Floodzone Map that shows flood zones in each watershed of the county.  In addition, the map shows the expected depth of floodwater and the annual chance of flooding.  Only two watersheds in the county currently have depth and chance information.  The county is updating the map for all watersheds currently.  Click here to see the Interactive Floodzone Map.
  • There is another Charlotte-Mecklenburg mapping system called GeoPortal that provides a wealth of information about each property including whether the property is in the county water quality buffers.  Click here to access the GeoPortal mapping system.

Learn more about due diligence when purchasing a Charlotte NC property.

Want to know more about Charlotte NC properties and neighborhoods?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *Does That Pretty Little Stream Put You in a Flood Plain?*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.

 

 

 

How to Read the MLS Property Report--A Guide for Charlotte NC Home Buyers (Part 5)

 

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 5)

If you are a Charlotte NC home buyer, you will want to understand the wealth of information you can get from the Multiple Listing Service (MLS) property reports that your real estate agent gives you. Question Mark Clipart This guide will lead you through a property report and make you a better-informed home buyer.  Part 1 covered the basic property information found at the top of the report.  Part 2 addressed what you should know and what you should investigate if the report indicates that the property is subject to a Home Owners  Association (HOA).  Square footage, including heated area and unheated area, was covered in Part 3.  Part 4 described how you can determine what type of rooms the home has and how some of these rooms, such as bedrooms, are defined in the Charlotte marketplace.

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 1)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 2)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 3)

How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 4)

The MLS property report gives quite a bit of detail about the features of the home in a section called Description.  In this section, you can find out whether the home is a ranch or a two-story home, whether it has a garage or carport and what type of foundation it has.

Style is a descriptive category that can cause some confusion to home buyers.  Transitional is a style often used in Charlotte.  What is the difference between a transitional home and a traditional home?  Transitional homes have open interiors often with two-story or vaulted rooms and traditional-looking exteriors.  Traditional homes have individually defined rooms usually without the open flow of a transitional. 

The description will also tell you what the exterior building materials are.  A full brick home is defined as one with all exterior walls of brick excluding dormers.

You can get a good feel for the interior of the home from this section of the property report.  You’ll learn whether the home has fireplaces and where they are located, where the laundry is and what type it is, floorcoverings, the appliances and “equipment” that comes with the home as well as special features of the interior such as a garden tub or whirlpool tub.

There are two categories that describe features of the exterior.  The first, called Exterior Features, includes only permanent fixtures deeded to the property.  A deck or porch and fenced yard would be exterior features.  A boat slip deeded to the property would also be an exterior feature.  Community features describe subdivision amenities that are available to the property. Here you will find community pools, walking trails and other common amenities.

Finally, the Description section has two “green” categories.  The first is Green Certification.  Homes certified as environmentally friendly, such as Energy Star homes would be noted here.  A second category is for homes scored by the Residential Energy Services Network as energy efficient.

Want to know more about buying and selling real estate in Charlotte NC?  Visit www.CarolinaSmallTownLiving.com.

Copyright 2011.  Carol Fox.  Allen Tate Realtors.  *How to Read the MLS Property Report—A Guide for Charlotte NC Home Buyers (Part 5)*


Click here to contact Carol online!

Contact Carol online now!

Discover Charlotte North Carolina's Best Small Towns

Carol Fox of Allen Tate Realtors has helped people find the right homes and neighborhoods in Charlotte North Carolina's best small towns for twenty five years.

Call Carol Fox at 704-814-6242

to list your property for sale or to purchase a home in

Matthews NC, Mint Hill NC and the small towns of Union County NC, including Stallings NC, Indian Trail NC, Weddington NC, Waxhaw NC, Lake Park NC, Marvin NC, Wesley Chapel NC and Monroe NC.

Search for homes and learn more about these communities

at www.CarolinaSmallTownLiving.com.