North Carolina Lake Parade of Homes, Lake Hickory, NC

Come Discover North Carolina Lake Living

Parade of Homes Lake – Saturday, 28 March 2009

To get a true feel for what lake living is like here, you are warmly invited to an exclusive tour of Custom Homes by Lake Hickory, North Carolina Saturday, March 28.

It will be a fun and relaxing weekend! Come and see the beautiful homes, explore the area and join us for a boat cruise around the lake. This is the best way to experience North Carolina Lake Living!

RSVP at 800-517-5899. We look forward to hearing from you!

Photos and views of Lake Parade Homes – Providence Home Builders has joined an elite list of construction timber by becoming a Certified Green Professional (CGP) Builder, one of the first in North Carolina! This is just an example – make your reservation today to see much, much more!

Welcome to Hickory North Carolina! Hickory is located one hour northwest of Charlottesville in the Blue Ridge Mountains, an hour's drive east of Asheville, 1.5 hours from Winston-Salem/Greensboro area, 2.5 hours from Raleigh and 45 minutes from Blowing Rock and Boone. Reader's Digest called Hickory "One of the 10 best places in America to start a family ", and Google's East Coast Operations Center here is now open and hiring!

We will also have a list of available lots to build your own dream home, available lake homes and custom floor plans.

Memo from an owner "…. a lot of things about life uncertainty – economic times, political times, and many others, but there is one thing that's for sure. That is how fast our children grow up. This place is like a magnet to that attract our children and future grandchildren. We are so excited to get involved now! "

The key is to think with clarity in these uncertain times

Given the current economic landscape, many people today are trying to navigate through all the economic malaise that has caused stock prices to decrease significantly over the past 5 + months. Once again, the scandal has hit both Wall Street and Washington, and many people we talk to feel both units are out of step with Main Street. It is important not to get caught up in the hype of it all, but look at the facts so you can make a good choice now for your financial future going forward. Let us look at what these are, and thereby hopefully you can make good choices and perhaps use this volatile time to take advantage of abnormal prices in this current housing market.

Now that real estate has seen a correction in prices, this is the right time for you to buy? Let us examine what we know …

Interest are historic lows – If your credit is good, and purchase real estate is financially within your means, this is an excellent time to borrow money at very attractive rates.

There is a plentiful supply of good quality property in the market – and not so good land! Because of the downturn in the economy, and many who own property have been forced to sell their valuable second home because they can no longer afford it due to the slowdown in the economy. There are also those who bought the property as an investment, and some of these investors have walked away from these lots and homes and their obligation to pay for them. Because of this, there are some excellent buys both desirable and less desirable properties.

There are excellent values in the current market, if you know how to find them – and they are not only short sales and foreclosures. NClakefront.com Realty concentrates on real estate in North Carolina – specifically lake property. These areas are off anywhere from 10% to 50%. If you look at a particular city or a particular property or development debacle, you have to suffer when prices are at now! Add to that developers and sellers are motivated working with a qualified buyer as the concessions and conditions they offer to the buyer is generous in this market.

Investors feel a loss to get accurate information about their stock holdings and some will go to investments that they have more "control" over – such as real estate. Because of this, investment of funds will again turn to real estate that people are frustrated with the unpredictability and inequality in the stock market. This includes corporate executive over-compensation and the scandal of mismanagement of funds by both companies and money managers who were managing the accounts of many investors. Real estate is an investment, whatever the current value which can be enjoyed while owned. Take the second home that a couple bought for their entire family to enjoy. Even in a recession that the home can represent a place where memories are made are family gatherings and traditions kept up. These are qualities that have nothing to do with money. As assets such as equities and real estate back in value, people who have been jarred by owning blue chip shares for safety, income and moderate conservatives returns may decide to re-allocate some of their funds for a hard asset such as property transactions.

Baby Boomers, 78 million of them, began to retire at age 62 in 2008 and that waiver is only just beginning. These retirees will consider not to move now that they can. Let's do the numbers … half of Baby Boomers surveyed say they will move three hours or more away from their primary home at retirement. It are 39 million people. Let's cut that number in half to be conservative and it is still 20 million people. That right there is a lot of real estate activity! It is estimated that 43% of retirees will choose the southeastern part of the United States for their retirement location, so this part of the U.S. will feel noticeably migration pattern of this demographic shift. Most importantly, per Live South Magazine, North Carolina recently passed Florida as the most popular place in the southeast to retire.

Taxes and weather these two factors, despite the economic landscape continues to fuel people's decision to move south at retirement. People can not afford or justify the taxes they pay living in northern cities. Add to that the winters are harsh. A dear friend of mine said, "You know you're a Viking when you describe the seasons, where you live and winter, almost winter, still winter, not winter. "So true! People are tired of the rigors of the cold and snow, and when they talk to their friends, who have moved south through retirement and hear about the gentler climate, allowing them to be outdoor lifestyle and lead a more active lifestyle, it's just too tempting not to join them and hang their snow boots and close their own snow shovels once and for all.

Current home values have fallen and there are those who want to wait for their homes to assess the value before they sell. Hindsight is always 20/20. What would have been the best financial move for people who knew they wanted to retreat was to sell their home for a few years ago, while the market was up, even if they had to go into temporary housing before they moved down south. So when market fell, they could have purchased now at the end of the recession. For people who say they want to wait for their homes to go up in value, they must be aware that chances are, if their home price appreciated (especially in the north), then the property where they are heading. In the meantime, while they wait, they are not moving forward with their lives and they will continue to pay high taxes, and they endure more frigid winters, where they are.

The real estate areas that will require the best in this downturn is where two things are present growth in jobs and housing demand. Go to see where jobs are created. Where employment is strong, it is there homes will lead out of this downturn (Google and Williams Sonoma recently opened operations centers in our area). How migration patterns are looking is where housing will recover the fastest. I know very few people out of the 78 million Baby Boomers moving northward at retirement. Most people I know are moving south it is East Tennessee, Carolina or Florida or something in between. These cities and regions will see real estate exceeds demand, which will provide a positive influence on pricing. Secondly, where jobs are created, and some of these jobs can be second career for retired people, which will also be a positive effect on prices.

Bottom line – People need to think through this life stage and:

1st Write out their goals of what they want to find;
2nd What public facilities are important;
3rd What can they realistically afford;
4th And identify the "must have" city amenities.

Remember to buy a property, whether it is a home or a party in a society in which facilities are complete and operational. In this market where the concessions given to the best properties out there, why would you do something else? Do not buy into a deployment phase communities have proposed facilities as there is too much risk in this economy. Buy into a society that has completed all their facilities or most of the amenities are complete. If amenities are not important to you, then buy in a society which has basic facilities where properties are generally cheaper. Do your homework or ask NClakefront.com Realty who is doing this due diligence for our clients.

Get to know the area you are considering purchasing in. Learn about the tax structure in the country which you want to move to. Know what is taxable and what is not. Find out about the medical treatment available through local hospitals. Do airport access university opportunities, locations of restaurants and shopping centers, volunteer activities and the area is known for. Your agent at Realty NClakefront.com are reports covering topics such as this, and would be happy to provide upon request.

The Parade of Homes on March 28 is an excellent opportunity for you to 'test' the property size for a weekend. There is a special Weekend Discovery Package on March 28 also – Call for details. While you're here, meet others who live in the community, take a leisure cruise on the lake aboard our boat, get to know the area and imagine living here and enjoy the North Carolina Lake Lifestyle.

In an economic storm like this is the silver lining opportunity. Know the facts, know your financial budget and have a plan. This is a time to see the forest for the trees and make wise decisions now that will lay a good foundation for you and your family to move into the next decade.

RSVP at 800-517-5899. We look forward to speaking with you today!

About the Author

Matt Lahtela – Director of Sales and Marketing at NClakefront Realty. NClakefront Realty is one of the largest sales and marketing companies focusing on North Carolina Lake Properties, and continues to grow everyday.
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