Blog :: 03-2012
KCM Quick Tips
A Free Monthly Strategy Guide from Keeping Current Matters
1. Realize Rents Are Soaring Last week, Trulia released their Winter 2012 Rent vs. Buy Index. In the index, they report that:
"After years of home price declines and tightening rental markets, home ownership is now more affordable than renting in all but two of the 100 largest metros - even in expensive real estate markets such as New York, Los Angeles and Boston."
2. Discuss Both the Visible AND Shadow Inventory in Your Market Though housing inventory in many markets is decreasing, we must realize that there is a shadow inventory of distressed properties about to come to market. For more information on this, you can view a replay of our webinar on the subject by clicking here.
3. Explain That the Price Is the Same But the Cost Is Not
Advise your buyers to look at the COST of purchasing a house more than the PRICE of the home. Obviously, price is part of the cost equation. The other piece, assuming you are not an all-cash buyer, is the mortgage rate. The mortgage rate to finance a purchase can have a dramatic impact on the overall cost.
4. Keep Your Eye on Mortgage Rates
Recently, there are more people talking about the possibility that mortgage rates could begin to increase. Dan Green of The Daily Market Reports recently stated:
"The Fed sees growth coming faster than originally expected. There's suddenly less chance that the Federal Reserve will intervene to help keep mortgage rates low. Absent Fed intervention, mortgage rates are apt to rise and Wall Street is now betting that the Fed has bowed out. With no stimulus, mortgage rates rise."
Lawrence Yun, Chief Economist for the National Association of Realtors, recently wrote:
"Mortgage rates will be starting to rise. From the 3.9 to 4.0 percent average rate in the past five months on a 30-year fixed mortgage, the new rates will soon be in the range of 4.3 to 4.6 percent."
5. Maintain the Momentum
There is a momentum building in the industry right now. It is up to us to keep that momentum going. How do we suggest you do that? Here's one example:
Open Houses are starting to really fill-up. Agents are reporting that they are seeing more multiple offers. If you had 12 families at your Open House and two get into a bidding war for the house, you may find yourself spending all your time completing the deal. We must remember the other 10 families. We must try our best to help EVERY family. That is the surest way to bring the market back as quickly as possible.
Including, Great Smoky Mountain Trout & Heritage Festival
Maggie Valley Festival Grounds, April 21, 2012
9:00am to 6:00pm
CATCH Clinics Offered
FREE ADMISSION TO EACH PARTICIPANT & 1 PARENT OR GUARDIAN
On Saturday, April 21, 2012 the Natural Resources Management Department of Haywood Community College, the North Carolina Wildlife Resources Commission, the Town of Maggie Valley and Haywood Waterways Association are sponsoring a CATCH youth fishing clinic during the 23nd Annual Great Smoky Mountain Trout & Heritage Festival. This year there will be two CATCH Clinics at the Maggie Valley Festival Grounds. The morning clinic will be held from 9:00 AM - 12:00 PM. The afternoon clinic will be held from 1:00 PM - 4:00 PM. Both sessions require pre-registration.
The CATCH (Caring For Aquatics Through Conservation Habits) program is designed to teach young people "how", "when", and "where" to fish as well as to introduce lessons in aquatic ecology, water safety, fishing ethics, and respect for the outdoors. Many youngsters in our community have never had a chance to learn how to fish or to explore aquatic habitats. CATCH provides this environmental education opportunity.
The CATCH Clinic is open to youth between the ages of 6 and 15. Necessary equipment will be furnished. A parent or guardian must register and attend with the youth.
PRE-REGISTRATION FOR CATCH CLINICS REQUIRED. The number of participants will be limited to 35. To register, call Karen Batick, at the Town of Maggie Valley;
(828) 926-0866 (Ext. 117), between 8:00 am & 5:00 pm, Monday - Friday
Join the fun! Get hooked on fishing!
North Carolina Wildlife Resources Commission
To Benefit Head-Start/Mountain Projects of Haywood County April 21, 9am-6pm - Maggie Valley Festival Grounds Including, Great Smoky Mountain Trout & Heritage Festival FREE CATCH Clinics are open to youth between the ages of 6 and 15. Necessary equipment will be furnished. A parent or guardian must register and attend with the youth.
Saturday, April 7th from 10:00am to 1:00pm
Fun Run-Weldon Gym, Start Time: 10AM, Free to kids 12 and under. Must complete an entry form to participate. Registration closes at 9:45am
1-3 years old Start Time 10:30am
4-7 years old Start Time 10:45am
8-12 years old Start Time 11:00am
Egg Decorating Contest
1-3 year old 10:45am-11:15am, prizes awarded for this age group at 11:30am
4-7 year old 11:15am-11:45am, prizes awarded for this age group at 12:00pm
8-12 year old 11:45am-12:15pm, prizes awarded for this age group at 12:30pm
Prize's awarded for each age group from Mast General Store
Games ongoing throughout the day!
Sponsored by Waynesville Parks and Recreation Department
Easter Sack Race - Ages 8-12
Easter Egg Bucket -Toss Age 4-7
Easter Egg Relay (partners) - Ages 4-12
Easter Egg Hand Toss - Ages 8-12
Easter Parachute - Ages 8-12
Events will take place in the Stuart Auditorium area across from the Terrace Hotel. Special visit from the Easter Bunny. Free and open to the public
Wheels through Time museum will be open. Thursday - Monday 9AM - 5PM Call 828-926-6266 for more information.
4th - 28th Gallery 86 Show in Waynesville 828-452 - 0593 Monday - Sat. 10am - 5pm
6th & 7th Peanuts "Easter Beagle Express" aboard the Great Smoky Mountain Railroad. Passengers will join Snoopy, Lucy, Charlie Brown and our Easter Bunnies for old fashioned Easter fun. Festivities include an Easter egg hunt with special prizes, egg decorating, storytelling, coloring sheets, temporary tattoos, snacks with Snoopy and more. 800-872-4681.
6th - 8th Weekends "The Oxymorons" will be performed at the HART Theatre in Waynesville. If you have never experienced improv - make it up on the spot - comedy, you are in for a treat. Quick minds, with a merciless sense of humor, that can get a bit off color, so adult content isn't planned but it may slip out. Adults $10, Students $6 Call 828-456- 6322 for ticket information.
7th Flea Market Haywood County Fairgrounds 828-400-1529 7AM - 2PM
7th Balsam Range at the Colonial Theater 53 Park Street in Canton. An all gospel Easter Celebration in music. 7:30PM $15 Box Office - 828-235-2760.
7th & 8th Easter at Lake Junaluska - Saturday Easter egg hunt, egg decorating contest, Sunday Sunrise Service. Please call 828-452-2881 for more information.
7th - 5/20 Welcome spring with thousands of tulips and acres of azaleas at Biltmore. Join us for an estate-wide event celebrating the beauty of George Vanderbilt's 8,000-acre estate, including gardens and landscapes designed by Frederick Law Olmsted, father of American landscape architecture. 800-411-3812
13th Artist Reception at Gallery 86, Waynesville 828-452-0593
13th "Theory of a Dead Man & Pop Evil" will be performing in Cherokee at Harrah's Event Center. 8PM Call 800-745-3000 for ticket information.
Balsam Range opening for"Jeff Foxworthy"Smoky Mountain Center,Franklin. A comedy Benefit forAfrica 7:30PM Call 877-415-1598 for more information.
15th "Sunday Concert Series" at Haywood County Public Library auditorium. Doodle & Karin Lyle will be performing. 3PM. 828-452-0593
21st The Plott Fest at the Maggie Valley Festival Grounds. Mountain music festival celebrating WNC heritage. Showcasing the official NC state dog, the Plott hound. In conjunction with the Great Smoky Mountain Trout Festival. The perfect family friendly festival. Foods, crafts & clogging. Call 828-452-1860 for details.
21st Old Time Music Jam Sessions at Oconaluftee Visitor Center, Cherokee 1PM - 3PM Free Event Bring your instrument & join in.
21st If you love chocolate you don't won't to miss this one. The annual "Taste of Chocolate" will be held at the Maggie Valley Club. 6 - 9PM Call 828-456-6456 for more information.
27th Juan Siddi Flamenco Theatre Company Smoky Mountain Center,Franklin 877-415-7315 7:30PM. The controlled power, thundering footwork, and blood boiling music of Juan Siddi Flamenco distills centuries of tradition into an unforgettable evening of spectacular dance.
27th- 29th 9 Ball Shoot Out Haywood County Fairgrounds 828-452 -1980
27th -5/6 Weekends - "Look Homeward Angel" will be performed at the HART Theatre in Waynesville. Call 828-456- 6322 for ticket information.
27th - 29th Summer Kick off Trout Tournament Cherokee $11 entry fee, $10,000 in tagged fish in the rivers of Cherokee. www.fishcherokee.com
28th Quick Draw in Waynesville at Laurel Ridge Country Club 4:30PM - 9:30PM 828-456 - 6584
28th & 29th Southeastern Mini Truckin' Nationals Open Car Show. Spectators welcome! Hundreds of mini trucks compete for Top 50; 12 Specialty Awards & Best of Show. Auto & Food Vendors; 865-859-9030
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