The Benefits of a New Survey When Buying Real Estate in Western North Carolina

When you buy real estate in Murphy and Western North Carolina, the question ought to arise whether you pay for a new survey. It doesn’t matter if you are purchasing vacant land, a home, or a commercial parcel; you’ll get many key advantages from a new survey if you choose to do it.

  1. Remarked lines – this is the most obvious advantage. As part of the survey, the surveyor will go through and mark the perimeter of your land. Common markers are yellow, orange, or pink ribbons on a tree, “blazes” where they hack the side of a tree and paint it with spray paint, iron rods, or fence posts.
  2. A “map” of your land – when complete, the surveyor will provide a plat of your land, which is a big map showing the dimensions, direction of lines, and more on the land. Want to see a sample of what you receive from a plat? Click Here to see a Sample Survey.
  3. Verification of any encroachments/structure locations – in determining and marking lines, the surveyor will discover if there is an encroachment by your property or from an adjoining parcel. For example, he might find the neighbor’s fence, house, shed, garden, retaining wall, etc. is on your property. Even worse, what if the house or garage you’re buying is partially or wholly on another property? While it may sound unlikely, we’ve seen entire houses built on the wrong parcel of land. Normally, it is a matter of locating and showing your structures on the survey map itself.
  4. Review of Right-of-ways/easements – if the property you are buying has a right-of-way to it or through it (or easement. They mean essentially the same thing, some folks interchange the words), it can be a good idea to verify the location of it. Some easement locations are extremely specific of where they are while others are beyond vague; it can be beneficial to make sure you have good access to reach your property or that an easement to another property through your property does not go through your buildings etc.
  5. Verify acreage – want to ensure the size of your land is accurate? The only accurate way is a new survey. If it hasn’t been surveyed in a long time, acreage can vary wildly. I’ve seen 50 acre parcels that were really 80 acres and 50 acre parcels that were really 34. If properties have been surveyed within the last decade or two, it is generally accurate and varies within 1/10th of an acre. The older it gets, the more it can be off.
  6. Title Insurance to include boundary coverage – when you obtain a new survey prior to a real estate closing, the attorney can add boundary coverage to your title insurance policy at no additional cost. This is a huge benefit, especially on larger tracts. For instance, what if a neighbor builds a shed on or stakes claim to a certain portion of your property? With boundary coverage, the title insurance company will step in and protect your interests. They will not do this without boundary coverage specifically covered in your policy. Because of that, be certain to prompt and verify with your attorney they have included it in your policy. They MUST send in a copy of the survey to the insurance company.
  7. A new deed description – sometimes this is a huge benefit while other times it is unnecessary. For instance, a home built in a subdivision created with in the last decade or two likely will not need a new description as the description is accurate. If you’re buying an “old” parcel that hasn’t been surveyed in a very long time, a survey is priceless. Some old deed descriptions literally have a description that goes to the “old hickory stump” then fifteen poles to a barb wire fence. Those definitely need a new survey to be able to accurately know where boundary lines are located and the true size of your acreage.

A quick story – I purchase a rental house in downtown Murphy and did not get a survey. Whoops. Turns out the last time it was surveyed, that I could find, was somewhere around 1960’s. The neighbor, who I was fortunate enough to know, pointed out to me the carport, which is attached to the house, was partially on his land. I immediately called a surveyor, had it surveyed, and sure enough! The neighbor was kind enough to deed a small <0.01 acre triangle to me to correct it. Had it not been him, I may not have been so lucky to have such a good resolution. Since then, I almost always get a survey when I buy a property.

What’s the approximate cost of a new survey? Every surveyor has a different price structure and every parcel of land is different so there is no normal pricing. As a general guidance, the minimum cost is $550 and can be in the thousands the larger the tract of land is. The only way to get a true quote is to send in the parcel info and have it quoted.

Need a good surveyor? Check out our Gotta Guy List for our recommend contractors, surveyors, and more.

Click here to see a SAMPLE of a survey.

Written By: John Poltrock, The Poltrock Team at RE/MAX in Murphy, NC 1-866-Murphy-NC

Want to search homes and properties for sale in Western North Carolina? Search all properties HERE!

John Poltrock (Again) Snags the “Best Real Estate Agent” Reader’s Choice Award

When it comes to buying or selling a home, land, or commercial property, you want the very best real estate agent in your corner. You want them to be on top of local and regional market trends, have a solid grasp of technology, and provide top-notch client service from start to finish.

Here in Murphy, NC and Cherokee County, John Poltrock checks all these boxes and more. John heads up The Poltrock Team, a dynamic eight-member group working within Re/MAX Mountain Properties in Murphy. And, for the second year in a row, John Poltrock has earned the Cherokee Scout’s coveted “Best Real Estate Agent” Reader’s Choice Award. Once again, John faced stiff competition from other area agents – including three standouts from The Poltrock Team.

So, how did John Poltrock earn his “Best Real Estate Agent” award? The answer is simple: With over a decade in our regional real estate market, John has served hundreds of satisfied clients – and these happy buyers and sellers take every opportunity to give John the credit he deserves. This year (and also in 2017), John’s many supporters helped him dominate the field in the Cherokee Scout’s Reader’s Choice competition. John truly enjoys helping his clients achieve their real estate goals, and he’s grateful for their ongoing support.

John Poltrock also knows that many notable achievements are the result of impressive teamwork. On The Poltrock Team, each person has their own area of expertise, providing the agency’s clients with stellar service from the first contact through final settlement. John sums it up very clearly and succinctly: “There’s no doubt about it, it’s not just me. It’s the entire Poltrock Team. We have the best people!”

The Poltrock Team – REMAX Mountain Properties – Murphy NC – www.ILoveMurphy.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

7 Simple Tips for Winterizing Your Home in Murphy, NC

Fall’s cooler weather and shorter days mean winter’s frigid temperatures are just around the corner. And when it’s really cold (and maybe snowy or icy) outside, you want to stay warm and cozy inside your Murphy, North Carolina mountain cabin. To ensure that your house is nicely buttoned up against the elements, here are seven easy steps for winterizing your home and property. And here’s the best part: you can prepare both large and small homes using the same guidelines.

Add Insulation in Strategic Spots
Adding insulation to your home can make the house feel warmer during the winter months. This is especially important in the attic, where beefing up the insulation prevents warm air from migrating to your roof, where it can lead to ice dams. Throughout every season, this extra insulation can help you conserve energy and save money, according to the United States Department of Energy.

While you’re focused on insulation projects, take steps to protect your water pipes and water heater. This is most important if your water pipes are routed through an unheated or very chilly basement, potentially leading to frozen pipes during super-cold weather. Taking time to winterize the pipes and water heater now can help prevent expensive repairs down the road. Continue reading “7 Simple Tips for Winterizing Your Home in Murphy, NC”

5 Frequently Asked Questions About Real Estate Closings

Completing a Murphy, North Carolina real estate closing is like attending a stage play premiere. In both cases, the players have prepared for weeks (sometimes longer), perfecting their roles and working smoothly with other ensemble members. Support personnel scurry behind the scenes, handling endless details and the inevitable snafus that threaten to derail the production. Despite the obstacles, however, the big day arrives as planned, and everyone eagerly awaits a reward for their hard work.

If you’re buying or selling your Murphy, North Carolina home, land, commercial building, or investment property, you (and your realtor) want a smoothly executed outcome so you can begin the next chapter in your life. For a general real estate closing overview, including the roles played by buyers and sellers, view this snapshot of the players and the process. Continue reading “5 Frequently Asked Questions About Real Estate Closings”

Advantages of Choosing a Realtor with a Closing Coordinator

Simply put, real estate is a demanding business. No matter if you’re in Murphy, North Carolina or any other corner of the United States, having a Realtor who is effective in getting everything done for you, and done well, is virtually impossible for a single real estate agent. That is why The Poltrock Team at RE/MAX embraced the Team Model as opposed to inefficiently trying to do everything individually.

When you’re selling real estate, hiring a Team with a Closing Coordinator is a huge advantage. From contract to closing, our Closing Coordinator ensures you have the most seamless closing possible. There is an incredible amount of moving parts behind the scenes you may never even realize must happen to ensure your property closes. 

What can you expect from our Closing Coordinator?

  • Sandy Payne is our amazing Closing Coordinator.

    Personal Point of Contact to answer the many questions that arise.

  • Coordinates any and all inspections with all appropriate parties.
  • Helps execute any necessary repairs.
  • Ensures all necessary documents are executed and delivered to the closing attorney’s office for closing preparation.
  • Coordinates & Schedules closing appointments with the attorney’s office. Continually follows up and reminds all parties to ensure your closing is as timely as possible.
  • Coordinating, Managing, and responding to the constant communication between parties to ensure a smooth transaction
  • Assists in timing to change, order, and/or cancel utilities and insurance.
  • And many more unseen duties and tasks.

With a single agent, do you think your closing would be smooth and happy if they’re out showing, at an open house, on vacation, or simply not answering the phone? If you read many of the feedback responses, our closing coordinator is constantly referenced as one of the best parts of the buying and selling experience.

Having a closing Coordinator is invaluable as we move your property from For Sale, to Under Contract, and ultimately to CLOSED. While you may read this article and have an idea, you won’t understand how much of a strategic advantage it is for you until you experience it for yourself! The best part? It costs you nothing extra to have our whole Team working for you. Our fee structure is identical to that of a single real estate agent. 

Ready to sell your property and experience the advantage of having a Closing Coordinator working for you? Have more questions? We’re ready! Contact us today by clicking here or calling 1-866-687-7496.

5 Reasons to Buy a Log Cabin in Murphy, NC

Log cabins really are an authentic slice of Americana. Whether you’re in a cozy little house tucked into the woods in Murphy, NC, or in a soaring log home in high mountain terrain, log cabins can evoke images of our country’s hardy settlers’ abodes. And log cabins certainly offer a rustic, earthy type of charm while often containing space for a vegetable or flower garden. As an added bonus, these distinctive houses offer five extra advantages that make them worth a serious look when you’re buying a home.

Warmth During the Colder Months
During the colder fall and winter months, you’d like your log cabin in the mountains of Murphy, NC to be toasty warm inside. If the interior walls are warm to the touch, that’s even better. Fortunately, wood’s “thermal mass” enables your log home’s walls to gather and store valuable energy, releasing it back into your home and making chilly walls a thing of the past. The bottom line: your family will stay more comfortable when it counts the most.

Highly Energy Efficient
“Home energy efficiency” has become a much-discussed topic among homebuilders nationwide. In its simplest form, “home energy efficiency” means decreasing unnecessary energy use and lowering the demand for non-renewable resources. Besides providing measurable cost savings over buildings with conventional energy usage, energy-efficient homes ideally provide residents with a healthier living environment.

Not surprisingly, properly built log homes can be highly energy efficient. To achieve this optimum outcome, the wooden home must be properly sealed between the foundation and the first course of logs. Log-to-log connections, and the junction between the roof system and log wall, must also be completely sealed.

So, just how energy efficient is a correctly built log home? Some log and timber homebuilders construct homes that meet the United States Department of Energy’s desirable “Energy Star” standards. In other words, an Energy Star home will be 30 percent more energy efficient than mandated building code requirements. If that’s your log home in Murphy, NC, you’ll reap considerable cost savings over time, giving you more cash to enjoy life with your family. Continue reading “5 Reasons to Buy a Log Cabin in Murphy, NC”

Ten Commandments of Buying a Home with A Loan in the NC Mountains

When you’re buying a home in the mountains of Western North Carolina, you may be purchasing it using a home loan. 60-70% of buyers here use a loan as a way to secure their home.

Need an amazing lender to buy your home? Check out our Gotta Guy List of Recommended Mortgage Brokers

I came across 10 Commandments to guide you from the time you secure your loan all the way to closing day. I wanted to share these because they’re true and we see these mistakes often. Here they are:

  1. Thou Shalt NOT make CASH deposits without first talking to your loan officer. If your payroll is not direct deposit, deposit entire check, then make a withdrawal. Any deposits not documented will be deleted from your available cash to close.
  2. Thou Shalt NOT change employment, become self-employed, or quit your existing job.
  3. Thou Shalt NOT buy a car, truck or van. If you do, you might have to live in it!
  4. Thou Shalt NOT use charge cards excessively or let your account fall behind on payments.
  5. Thou Shalt NOT spend money you have saved or allocated to closing.
  6. Thou Shalt NOT omit debts or liabilities on your mortgage loan application.
  7. Thou Shalt NOT buy furniture on credit.
  8. Thou Shalt NOT originate any new inquiries on your credit.
  9. Thou Shalt NOT change bank accounts.
  10. Thou Shalt NOT co-sign a loan for ANYONE.

Use these as a guide and your opportunity to buy your home greatly increases! We’ve literally seen people not be able to buy their house because they violated one of the above commandments during closing.

Ready to buy your home? Contact Us and let us know how we can help and feel free to Search Homes Here.

Should I Buy a Distressed Property in Murphy, NC?

Deciding whether to buy a distressed Murphy, NC property is a bit like jumping into the stock market. You choose a potential candidate, weigh the possible benefits and drawbacks of your actions, and decide whether to make your move or stay on the sidelines.

Unlike the stock market, however, finalizing a property purchase only marks the beginning of your grand adventure. Before you sign on the dotted line, and commit your dollars and sweat equity to an often-complex project, step back and take an objective look at the challenging path ahead. Simply put, evaluate the pros and cons before jumping into the fray. Read on for several tips that may help you make an informed buying decision.

HALLMARKS OF A DISTRESSED PROPERTY
Although each case is different, a distressed property typically features a dramatically reduced price, often the result of an existing or potential foreclosure. Not surprisingly, Murphy, NC foreclosure houses are generally sold in “as-is” condition. In other words, the current owners (or the bank) will not make any repairs before the foreclosure sale’s completion.

ENJOY A WELL-KNOWN BENEFIT
Purchasing a distressed property generally comes with one major benefit: the property’s below-market-value price. Objectively speaking, the owners want to shake themselves free of their financial burden – fast. To accomplish that goal, they’re willing to sell now and accept less cash for the property. Equally importantly, they won’t have to spend money to make repairs and/or upgrades that would bring them a higher sale price later.

CONSIDER THE POTENTIAL DOWNSIDES
When you buy a distressed property, you’ll generally save some valuable cash, making it a tempting resale candidate after you return it to better condition. However, you’re likely to encounter one (or all) of these four obstacles during your house purchase and rehab process.

Competition from Cash Buyers
Many distressed Murphy, NC properties attract well-heeled cash buyers ready to pounce on a desirable target. If you decide to submit your own cash offer, line up your resources beforehand so you can meet these savvy investors on a level playing field. If you’re not flush with funds, and must finance the house purchase, obtain an ironclad loan prequalification from a cooperative lender. To position yourself more favorably against the cash buyers, consider increasing the size of your down payment.

Potential Financing Obstacles
Many distressed Murphy, NC houses are in less-than-optimal condition, increasing the chances that they won’t meet a lender’s loan requirements. Before you decide to buy the house, order an objective property appraisal. After the lender reviews it, they’ll determine the property’s value, decide whether the house is in habitable condition, and take action on your loan application.

More Complicated Transaction
Buying a distressed property often requires lots of patience, as you’ll often encounter multiple rounds of paperwork compared to more conventional real estate purchases. So, temper your expectations accordingly, and you might be pleasantly surprised with the outcome.

Higher Repair/Upgrade Expenses
In many cases, the distressed Murphy, NC property has damaged walls or broken windows, and one or more appliances may be missing. The property’s electrical and/or plumbing systems might also require complex repairs. Regardless of the issues, the buyer (you) are likely responsible for hiring contractors to fix the problem(s) and bring the house up to local code requirements.

DISTRESSED PROPERTY PURCHASE GUIDELINES
If you have some solid home renovation experience under your belt, or have cultivated a network of first-class contractors, you’re in a good position to make a distressed property buying decision. On the other hand, if you’re new to this dynamic submarket, get some valuable professional assistance before investing your dollars in the project.

For starters, choose a Murphy, NC realtor who has proven experience with distressed property purchases. They’ll objectively evaluate a potential candidate’s condition, and provide details on the work (and dollars) required to make the property habitable again. With that knowledge in hand, you (and your realtor) can decide whether that’s an investment you’re ready to make.

The Poltrock Team – REMAX Mountain Properties – Murphy NC – www.ILoveMurphy.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team

Radon Testing and Mitigation in the Mountains of North Carolina

It’s true! The Appalachian Mountains, which are in Murphy NC, can yield high levels of radon in homes. The great news is it is an easy,  and beneficial, fix. A simple remediation system can quickly remove radon and even excess moisture from your home; I have one in mine! Did you know it is the second leading cause of lung cancer? Only cigarette smoking is worse. An inexpensive test will find out if you have it. We recommend them when you are buying a home in the mountains to ensure your family’s safety.

Watch our video below to learn more about radon, what a remediation system is,  and how it functions. Visit the EPA’s Radon Page to learn even more. Need a remediation expert? We’ve got them! Our Gotta Guy List of Recommended Contractors is here.

5 Must-Haves When Searching for a Realtor in Murphy, NC

When you’re buying or selling a Murphy, NC home, choosing the right realtor is key to achieving a positive outcome. If you’re selling, working with a market-savvy, accomplished professional means your home will receive a targeted marketing plan – similar to launching a brand-new product.

Best of all, you’ll be an active partner in the process, as your agent will share their marketing strategy and provide regular updates. If you’re prepared to get the ball rolling, here are five “must haves” tips for finding this “cream of the crop” real estate professional.

Look for Extensive Local Knowledge

Although realtors frequently represent residential and commercial properties across your regional market, you’ll get the best results with a real estate business expert who has up-close knowledge of your immediate area. In other words, they must be intimately familiar with your community – rather than depending solely on published reports and online research for their information.

If you’re purchasing a home with your family, you’ll want “must haves” details about school quality, recreational options, and medical services. If you’re selling a house, you’d like specifics about comparable home sales in your area. Regardless of your goal, a well-rounded realtor should be informed about planned commercial developments, apartment communities, retail businesses, and expanded infrastructure that could influence your quality of life. Continue reading “5 Must-Haves When Searching for a Realtor in Murphy, NC”