Liquor by the Drink Coming to Murphy?

Many of our clients are always shocked to find out you can’t get a mixed drink or shot at any of the local restaurants (with the exception of Cherokee Hills Golf Course, which is classified as a resort). Not only that, you can’t buy beer. Does it seem sane when you can buy wine at the grocery store and straight liquor at the ABC store in town?

Either way, Murphy’s Town Board is reconsidering the liquor by the drink option. Wells and West (very influential persons in our community) are trying to generate interest in large chain restaurants coming to Murphy on land they own. Two restaurants want to come badly, but will only do so if they can serve drinks. It was up for vote in 2003 and was not passed – 55% voted no and 45% voted yes.

Will you be able to have a mixed drink with dinner now? It may be coming soon. In most Southern small towns, they eventually allow it and we very well may be next. What do you think? Would you prefer Murphy to be a largely "dry" county or serve alcohol?

The Liquor Law Did Pass In Murphy, North Carolina!

John and Jessica – REMAX Mountain Properties – Murphy, North Carolina – (877) 837-3002 – JohnP@remax.netwww.MyMurphy.com

 

Real Estate For Sale Magazines in Murphy

We’ve got our first cover! We’re quite excited about having the cover of Southern Home Market magazine. I personally did the layout to ensure its going to be a great issue. It’s a great prowl front chalet home that is great! I look forward to posting the image of the cover when it comes out.

I’ll use this opportunity to explain the difference between many of the magazines in our area. We have currently two real estate magazines in the Murphy NC area: Southern Home Market and Homes for Sale in the Mountains. Homes and Land will also be reintroduced to our area. I’ll be advertising a full page in their first issue to test their effectiveness.

Homes for Sale in the Mountains is a larger, more expensive magazine. I advertised in it for 2006 and sold only one house from it. Sellers – it’s gone. It doesn’t bring enough focus to your property to keep it. Not only that, it’s much larger and I feel that because of that, your property gets “lost” in all the others. It has too many strikes against it to be an effective advertising strategy for your house or land.

Southern Home Market is the current real estate magazine I advertise. They are far more flexible, less expensive, get more calls, and is not so large to where your property is lost. Because of the increased interest in your property, it has been the hands down best choice.

Even though print exposure is important, it’s far from the most important thing. Want to learn more about what to do for your home in Murphy, North Carolina to make it more appealing to a buyer? Email or call us and we’ll be happy to share our marketing plan.

John & Jessica – RE/MAX Mountain Properties – Murphy, North Carolina – www.MyMurphy.com – 828-837-3002

The Importance of a Septic Permit in buying Mountain Property

Many of our customers and clients come from flat lands looking to find their mountain dream spot. Whether they’re looking for a lot in a mountain community, an unrestricted lot, or a tract of land with a lot of acreage, septic permits help ensure you are buying a piece of real estate you can build on and enjoy.

Septic Tank

The above image gives you an idea of what a septic system looks like, and a permit is essentially Cherokee County’s authorization to put a septic system in the ground. They look at your soil type and decide whether it is capable of absorbing the amount of water you’re putting in the ground based on the amount of bedrooms your home will have.

Let me give an illustration of what COULD happen if you don’t get a permit when you buy: You buy the perfect piece of real estate. In a few years, you go to build your home on your land. You don’t want to start building your house till you have the permit in hand. If you apply for it after the fact and the county inspector goes and says your property is not suitable, you’re done for! Yes – there are some ways to appeal it. If you can’t get one at all, you have a property that just dropped in value to next to nothing that would only be worth something to the neighbor next door.

Play it safe – make you contract contingent on receiving a septic permit unless you have a very good reason not to. We would be more than happy to consult with you on how this process works.

John and Jessica Poltrock – REMAX Mountain Properties – Murphy, North Carolina – (828) 837-3002 – (866) Murphy-NC

Some things never change! 2009 is here and its still important to get a septic system permit. 

Construction Labor Costs Should Go Down

Murphy, North Carolina has experienced quite a bit of new construction to come on the market in the past 4 years. Everything from chalets, log cabins, cabins, ranches – you name it. We should even have condos coming soon if the project takes off. We’ve been blessed with a great new inventory giving real estate buyers more choices on new homes.

Many builders have become a bit nervous and have drastically cut their inventories. This has left buyers with fewer choices on new construction homes. Even so, many of the reputable builders still have quite a few they are building as I write this. Those are the best to buy.

As I read the Wall Street Journal (August 1, 2007), it references that inflation rose just 0.1% in June from May. It also mentioned labor costs increased 0.9% last quarter. That number is a national number that even affects the local real estate market. However, I believe home builders will find that labor will drop as many sub contractors find less jobs are available. We may find general contractors will do more of the building process and sub out less.

I personally feel that would be a great change because the whole affect dominoes the cost of building a new home. A cost plus contractor (costs 100k to build a new home so the contractor would make, say, 15% of that) can do more and will not be paying a profit to a company that installs the hardwood floor for example. If you’re not paying profit on profit, then your total building cost will go down.

All in all, it should be a good thing for labor costs in local construction to go down. It will weed out shady or fly-by-night sub contractors that should be there in the first place. If you are looking to build in our market, let us know! We would be more than happy to point you to a reputable builder who you can trust will be here for years to come. You can even find a Recommended Contractor or Builder in Murphy NC Online at our Gotta Guy List!

John and Jessica Poltrock – RE/MAX Mountain Properties – Murphy, NC – (828) 837-3002 – (866) Murphy-NC – www.MyMurphy.com

Realtors are Your Local Referral Database

Realtors are an excellent way to not only buy homes or land, but to find out who the best sub contractors, vendors, stores, shops, dealers, and any other place to buy “Stuff” and services. This is very often taken for granted, and if you merely ask, you will receive.

For example, I can tell you the best grocery stores in Murphy. I know where to buy meat and where not to. Need a lawn service? How about a contractor to build a house? Garage? Best place to buy a washer? What about the best burger joint in town (and no, McDonald’s doesn’t count.)? What school district would you trust with your kids? You name it… we know it or can find out.

I can send you to the right person just about every time when you’re looking for something in Murphy, North Carolina. Cherokee County is a big place, and so is every other county. No matter where you’re at… save yourself the trouble… ask a Realtor.

John Poltrock – REMAX Mountain Properties – www.MyMurphy.comJohnPoltrock@gmail.com – Call us toll free at 1-866-687-7496

Great Market Timing

Everyone seems to be talking about how “bad” the real estate market is right now. For those of you who like to gossip about it, I hate to break it to you. No the sky is not falling!  In fact, now is the time to buy real estate.  Interest rates are still at a historically low rate.  Remember back in the 80’s when the interest rates were around 18%? Your $150,000 mortgage payment would have been a whopping $2,260.63 as apposed to today’s much lower $923.58. How’s that for a difference?

 Many of our local banks and mortgage brokers are true professionals. There are so many mortgages products available today compared to even ten years ago.  First time home buyers have it great with many of the incentive packages being offered right now – such as no PMI (read: fancy acronym for mortgage insurance) and 100% financing. Be sure to do your research and find out which bank offer you the best product BEFORE you fill out their credit application. Want good local bank references? Call me. I’ll be happy to point you in the right direction. You can also visit our Recommended Mortgage Lenders on our Gotta Guy List.

If you think now is the time to sit on the fence – you’re wrong. Ben Bernanke (Federal Reserve Chairman) is considering raising rates to cool rising inflation as a result of the stock market boom and other economic factors. What good is saving $1,000 up front when you’re paying that much or more every year for thirty years on your mortgage? Think long term and you’ll be better off than ever.

Not only that, there’s a lot of choices on the market. Finding and buying your new home is much easier than you think. Call me today at (828) 837-3002 to arrange an appointment to go over all the excellent options you have available. In less than 30 minutes, you can be well on your way to owning your own home.

John Poltrock – REMAX Mountain Properties- www.MyMurphy.com – Call us toll free at 1-866-687-7496

For Sale By Owner (FSBO) Works in Murphy NC and in the United States!

Consumers – there’s something you’ll never hear from most real estate agents. Selling For Sale By Owner Works! Did you know that it works only 20% of the time? You can sell your property on your own and be successful, but the 80/20 rule is stacked against you. Regardless of whether its in my town of Murphy, North Carolina or the heart Washington state, 80% of sellers are unable to successfully sell their home.

Why do you ask? Think of your personal shopping experiences. Think about your largest investments. When you bought an engagement ring, where did you buy it? Where do you have your 401(k) or IRA? Did you buy your ring at a jeweler? Does a well recognized stock brokerage firm keep safeguard over your retirement portfolio? Most of you reading this will agree you work with professionals when looking to make a large purchase or investment. Some of you won’t. Either way, it is the difference between shopping at the Mall and shopping at the Flea Market.

National Association of Realtors (NAR) Statistics show 90% of buyers work with an agent. That’s a lot of buyers. The others look FSBO because they’re looking to buy cheap just like you would look on eBay. They don’t go to FSBOs to spend top dollar because they want to save money just like they would at the flea market! You should want quality buyers who are willing to go to the jeweler to find the perfect diamond. With a Realtor, you won’t have to worry about marketing, signage, market statistics, deed preferences, contracts – any of that.

For Sale By Owner does work. You must ask yourself – do I want top dollar? Do I want to sell as quickly as possible? Do I want help from someone who knows the tricks of the trade? If the answer is yes, find a qualified Realtor. I’d be happy to refer you to a great agent in your area if you don’t know one.

Now ask, Do I want to give someone a good deal? Sell cheaply? Go through all the marketing process? Price my home by what the neighbor says he sold it for? Hope the buyer who might come up doesn’t walk because there’s nothing to hold him? If you answer yes to that, try to sell your home yourself. Try it for a while, but when you see a poker player, ask him or her if they’d go all in on a 20% chance.

John Poltrock – The Poltrock Team – REMAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us toll free at 1-866-687-7496

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This blog is done as a service to our clients and those searching for information on a variety of topics. The information here is deemed reliable but is not guaranteed. Upon entering the site, you accept that we hold no liability in any form for anything located in this blog – whether you have seen/read this post or not. All recommendations, information, and anything else is as accurate as we can make it. We do recommend you do your own research and verify any information herein.

With all that legal mumbo-jumbo out of the way, please enjoy! This blog is here for you to use and for us to transfer the information, thoughts, and experiences in our brain to you. We look forward to helping you and being your resource in the mountains of Murphy, North Carolina!

Please visit our real estate website located at www.MyMurphy.com.

The Benefits and Beauty of Lake Hiwassee

Lake Hiwassee is a beautiful lake situated in the mountains of Murphy, North Carolina. Being the largest lake in Cherokee County, it offers a lot to boaters, fisherman, campers, and more. It takes up 6,280 acres and is made by dams on either end. The Tennessee Valley Authority (TVA) is the government agency responsible for regulating and maintaining its integrity.

Almost entirely surrounded by U.S. Forest Service, there is very little land available on the lake itself. In order to find a lake lot or home, you almost have to buy in Bear Paw Resort in the Hiwassee Dam area of our county. Many of the lake houses have an amazing view of the water and look on to Forest Service land on the other side of the lake. Because of that, their view will likely remain natural for our lifetimes.

Many skiers love the lake because the water is like glass most of the time. The mountains and fingers on the lake keep it smooth and prevents it from being choppy like many lakes with large open channels. It starts close to downtown Murphy and extends for 22 miles. Since it is surrounded by the Forest Service, you can camp all along the shoreline. Not only that, it is not heavily trafficked since their are very few homes on the water. It truly is a place where you can take your family and be safe, comfortable, and have a good time.

*Note* – You will find a common misspelling reading Lake Hiawassee.

You can also read our newer article with more specifics on Lake Hiwassee in Murphy, North Carolina

Where You Can Expect Your Best Return on Investment in Murphy NC Mountain Real Estate

I’ve been working with a couple today who first called me on Lake Homes and Lots then did a total switch up on me. We ended up looking at homes with a great mountain view, and they now have two choices they really like. One in Hibberts Mountain and the other in Indian Rock Springs.

Anyway, I digress before I even get started. In speaking with them, it brought me to a great point which I have been relaying to my customers for some time. There are three types of properties in Murphy that have an exceptional appreciation rate and do well historically. The three types are: 1) Lakefront 2) Mountain View 3) Water front – i.e. creek, branch, and river frontage.

Lakefront – As with many markets all over the U.S., it’s a great investment and property you can enjoy simply by being on the water. Here in our area, there’s several differently lakes to enjoy. Lake Hiwassee (you’ll see some misspellings, Hiawassee is a common one), Appalachia, Lake Chatuge, Blue Ridge, Nottley, Nantahala, and Santeelah are some of the the lakes people enjoy here in the North Carolina Mountains. I’ll go more in depth on some of these in a later blog.

Mountain View – Just like the quality of anything you can buy, mountain views vary. You could have a little glimpse of a mountain or one where someone else’s trees could grow and block your view. The best views are generally considered multiple layers of mountains where you control the views – in other words, you can cut trees or whatever is in your way because you own the property in front of you where the trees could grow up. Close up mountains are also great, depending on the ridge line and other factors.

Water Front – Think varying ranges of moving water here. A "branch" is the smallest, usually considered to be 4-6 inches at most. Over 4-6" would be considered a creek and can get several feet wide. Rivers are, well, rivers. In Murphy, we have three main rivers: Hiwassee, Nottley, and Valley. All of which are beautiful and quite clean and clear water.

These are great investments for the long term and in some cases, the short term. It’s quite common to see double digit returns on these properties (annually). If you love the water or mountain views, fear not! Your purchase today can lead to a lifetime of enjoyment, or at the least, a better return on your money than you can find in any CD.

John Poltrock, CRS – Call Toll Free 1-866-687-7496 to make your real estate investments – www.MyMurphy.comJohnPoltrock@gmail.com – The POLTROCK TEAM at RE/MAX Mountain Properties in Murphy, NC