» GENERAL INFORMATION Murphy NC Real Estate and Community News

Types of Real Estate for Sale in Murphy, North Carolina

August 18th, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

There are many different types of real estate you can purchase when you come to Murphy, North Carolina. Here are some of the residential investments available to you:

Types of Homes

Real Estate - Chalet Home Chalets—Our most popular and well known style. They are known for the large front that resembles an A-frame with lots of fixed glass windows. We have many options and sizes available for these home. The average chalet consists of two bedrooms, two baths, a kitchen, and a large great room. The master bedroom is often in the loft (the upstairs bedroom) and some have dual master suites on both the main and loft level. Serious consideration should be taken on whether you are willing to have your master bedroom upstairs in the loft and if privacy there is important (many times the loft is open air to the great room).

Cabins—Somewhat of a broad definition, cabins are everything that’s “mountainy” and not a chalet. It could be a ranch styled home, home with a loft, and almost always had wood or log siding of some sort. Many times, the master bedroom suite is on the main level making it easier to access. We have brand new cabins available all the way to old, rustic get-a-ways.

Manufactured Homes—We don’t have as many manufactured homes, yet the are a very good home for the budget conscious. They offer some of the greatest square footage of living area for the purchase price. Virtually always on one level, these homes frequently offer all the amenities that life offers at a lower cost of living.

Traditional Styled Home

Traditional—For folks who love the mountains and don’t want to live in a chalet, cabin, or manufactured home, traditional homes are for you. They come in all shapes, sizes, and settings.

Land

Lots—We have lots in all shapes and sizes! Lot sizes generally range from 1/2 an acre upwards of about 3 acres. More land than that, and you start to get into small land tracts. Options are virtually endless! Great properties start around the 20’s and reach all the way to the 150’s. You can have many things to consider, and we can best guide you on this in person or on the phone. We can tailor your property to your lifestyle. Consider what kind of views and environment you would like. Bear in mind that creeks and mountain tops don’t usually go together—you have to be lower on the mountain and in valleys to get good water frontage. We can situate you on your own private estate all the way to on top of a mountain—the choice is yours.

View Overlooking Brasstown Valley in Martin's Creek Land Tracts—A virtually endless category, land tracts is usually no less than 3 acres. You can have smaller acreage all the way to hundreds of acres. Often you will have to run power, put in driveways, clear homesites, and many things like that. If it sounds like a cumbersome task, don’t worry about it! We have many very reputable contractors who can take care of everything for you from start to finish. The beauty of many land tracts is that you can make it your own and do most anything you like with it.

Which type of property are you searching for? Email me if you’d like me to search for you. Please visit our FREE online services and search our listings for sale in Murphy, North Carolina or Search ALL the listings for sale in Murphy NC.

John Poltrock - www.MyMurphy.com - The POLTROCK TEAM at RE/MAX Mountain Properties - 1-866-687-7496 - JohnPoltrock@gmail.com

Beware Inflated Appraisals - They Don’t Help Your Real Estate in Murphy NC

August 3rd, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

Appraisals are often viewed as the end-all for determining the value of your home. It doesn’t matter whether you’re looking to find the value of your chalet, traditional home, cabin, land, or other type of real estate from the mountains of Murphy, North Carolina all the way to the sandy shores of the coast, fact is, that’s not necessarily the truth.

Appraisals are usually for honest, genuine reasons. Don’t be confused though - an over inflated appraisal of your real estate won’t help sell your property for an inflated value. Then on occasion, they’re for fraudulent reasons. If you’re considering selling your real estate and would like to know if an appraisal would help, you should read this article.

Although con artists and fraudsters have dozens of schemes to steal property and money, numerous schemes rely on inflated appraisals – appraisals that claim the property is more valuable than it really is.

Some homeowners use inflated appraisals to pull more equity out of their home than they have in it. For example, say the owners owe $180,000 on a home that’s worth $200,000, and they want to borrow $40,000 to redo their kitchen. Most lenders will be reluctant to approve a $40,000 loan, because the owners have only $20,000 equity in the home. To get around this problem, the homeowners (and perhaps their loan originator) may hire a "cooperative" appraiser to appraise the home at $240,000, so the loan can be approved.

This may seem like an innocent "white" lie, because the kitchen rehab will probably raise the value of the property, the lender will make a larger loan and earn more interest, and the loan originator will earn a commission. On the surface, everybody wins. However, this is a form of mortgage fraud – it misleads the lender into approving an overly risky loan. It also artificially inflates property values, property taxes, and insurance, making housing less affordable.

Con artists also use inflated appraisals to rip off home buyers and investors. In a recent case in Florida, a company was converting apartments into condominiums and selling them to (mostly out-of-state) investors. The company hired an appraiser from hundreds of miles away to appraise the properties without ever seeing them; the appraiser had no idea what similar properties in the area were selling for. The company fed the appraiser the information that was used to write up the appraisals, usually indicating that the properties were worth anywhere from 30 to 100 percent more than their true market value.

Many of the investors assumed that if the lender (or bank) was willing to loan them the money to purchase the properties based on the values stated in the appraisals, the appraised values must be accurate. Unfortunately, this assumption was wrong. The loan originator was in on the scam with the company that was selling the properties. Together, they were pulling all the strings, misleading both the lender and the investors through the use of inflated appraisals.

For an appraisal to be valid and reliable, it must be unbiased. If you are buying a property and have no clear idea of what similar properties in the same neighborhood are selling for, then order your own appraisal. Hire a reputable appraiser who is familiar with property values in the area and instruct the appraiser that you want an unbiased appraisal. Don’t rely on what the seller or loan originator (or their appraiser) is telling you. That person’s view could be the most biased of all.

Ralph R. Roberts, GRI, CRS is a real estate and mortgage fraud forensics expert and author of Protect Yourself from Real Estate and Mortgage Fraud: Preserving the American Dream of Homeownership (Kaplan Publishing). If you’re interested, you can find out more in his book.

We’re fortunate here in Murphy that we rarely see fraudulent activity as a result of false appraisals. If you would like a reputable appraiser, please don’t hesitate to ask us to find an appraiser for you. It’d be our privilege to help.

John Poltrock, Certified Residential Specialist - www.MyMurphy.com - Call Toll Free (866) 687-7496 and demand The POLTROCK TEAM!! - JohnPoltrock@gmail.com

Chalets Are Popular in Murphy NC Real Estate. What exactly is a Chalet?

July 21st, 2008 poltrock Posted in GENERAL INFORMATION 1 Comment »

Chalets are a very popular style of homes in Murphy, NC real estate. They are the perfect styled home for capturing our renowned long range mountain views or just overlooking your estate in the woods.

According to Merriam-Webster’s Dictionary, a chalet is, "a Swiss dwelling with unconcealed structural members and a wide overhang at the front and sides." According to Wikipedia, a chalet was originally referred to the hut of a herder. Well, things have certainly come a long way from the days of the herder to today’s first-class version.

Chalet Home There are several characteristics that make a chalet a chalet in Murphy:

Large Fixed Pane Glass Windows in the Front
Vaulted Ceilings
Open Floor Plan with the living room/great room in the front
A Large Loft, commonly where the master bedroom is
Steep Pitched roof in the front with "bump outs" over the loft with a far less pitched roof in that section
Covered porches on either side
and you’ve really got to have a fireplace

Builders today are constantly adding their own unique twist and making each one just a little bit different. Truth is, a classic is simply a classic. Just like every home in any market, you can upgrade a chalet till you heart is content. It offers a lot of flexibility, so its a lot of fun to make it your own home.

If you are considering buying or building a chalet, here are a few considerations you should take into account:

Chalets with a basement (finished or unfinished) sell much better and provide you with much more usable space. Walk-out basements are common.
Be sure to plumb your basement and go ahead and upgrade your heat pump to handle the basement should you or someone else decide to finish it.
Privacy is key in the loft. If you’ll be by yourself a lot, don’t worry about this part. If you entertain a lot and your master bedroom is in the loft, you won’t have any privacy. If you want your own privacy, upgrade a bit and get a larger chalet with a blocked off loft.
Dual masters with a suite in the loft and a suite on the main level is a major plus.
Make sure your great room is large enough. I’ve seen small great rooms devastate the sale of a home. When it doubt, add a bit of room.

Would you love to have your own Chalet in the Mountains of Murphy, North Carolina?

Then use our Murphy NC Dream Home Finder and see what’s available that fits your needs. Be sure to mention you love chalets! We have many opportunities for you!

You can even search the Murphy NC MLS of Homes for Sale directly from our website.

Do you own a chalet and want to sell it?

Then use our Home Worth form and let us do the work for you! We specialize in chalets and can put our expertise to work for you. We can share with you your home’s worth and our proactive marketing plan that will get your home sold.

John Poltrock, your Murphy NC Certified Residential Specialist - www.MyMurphy.com - JohnPoltrock@gmail.com - Call Toll Free (866) 687-7496 and demand The POLTROCK TEAM!!!

Should Gas Prices Affect My Trip to Murphy, North Carolina?

June 21st, 2008 poltrock Posted in GENERAL INFORMATION 1 Comment »

Gas Pump Image Gas prices are on everyone’s mind right now — especially when you’re standing at the pump, debit card in hand. The gas prices are affecting everyone from Murphy NC to Miami FL. About two weeks ago, I spoke to the first (and so far only) person who said they won’t be coming up this year because of gas prices.

That spurred the question, "Are gas prices at the pump so high folks shouldn’t travel?"

I remember paying $2.50 per gallon, and that wasn’t too bad. With that said, I used that as my benchmark. I also used the trip from Miami to Murphy since it’s the southernmost, and furthest, major metropolitan area. It’s about 784 miles total.

So, how much more does it cost to drive from Miami to Murphy? The best directions to Murphy NC

Miles per Gallon/Price	$4.00	$4.25	$4.50	$4.75	$5.00
10 MPG (Hummer)	$117.60	$137.20	$156.80	$176.40	$196.00
15 MPG (Suburban)	$78.40	$91.47	$104.53	$117.60	$130.67
20 MPG (Average)	$58.80	$ 68.60	$78.40	$88.20	$98.00
25 MPG (Minivan)	$47.04	$54.88	$62.72	$70.56	$78.40
30 MPG (Many Hybrids)	$39.20	$45.73	$ 52.27	$58.80	$65.33
35 MPG (Corolla)	$33.60	$39.20	$ 44.80	$50.40	$56.00
40 MPG	$29.40	$34.30	$39.20	$44.10	$49.00
45 MPG	$26.13	$30.49	$34.84	$39.20	$43.56
50 MPG (Prius)	$23.52	$ 27.44	$31.36	$35.28	$ 39.20

At current prices and assuming average miles per gallon (MPG), it costs about $58.80 more than what it did at $2.50 per gallon. Not too bad, and if you trade in your Hummer for a Toyota Prius, spending $23.52 more to come to the Blue Ridge Mountains is simply a no brainer.

Does that mean you should stay home and not travel? Truth is, only you can decide that. What I do know is that I’ve spent three $20 bills going to a restaurant, so I personally don’t want to exchange my happiness and vacation in on a saving a few bucks at the pump.

John Poltrock, Certified Residential Specialist in Murphy NC - RE/MAX Mountain Properties - www.MyMurphy.com - Real Estate in the Mountains of Murphy NC - JohnPoltrock@gmail.com - Call Toll-Free (866) 687-7496 and demand The POLTROCK TEAM!

John Poltrock is now a Certified Residential Specialist!

April 26th, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

John Poltrock is now a Certified Residential Specialist by the Council of Residential Specialists. This designation and certification places him in the top 3% of all the Realtors in Cherokee County and in the top 4% of Realtors nationwide by both experience and education.

Does it cost more to buy or sell a home with Certified Residential Specialist? They may have more real estate experience and more training than the average real estate agent, but Certified Residential Specialist don’t cost any more. In fact, their expertise may actually save you time and money when your buying a home or increase your profit when you’re selling one. So when you’re looking for a real estate agent, look for a Certified Residential Specialist.

Professors have the Ph.D.

Physicians have the M.D.

REALTORS have the CRS.

John Poltrock is your Murphy, NC Certified Residential Specialist

Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM! - www.MyMurphy.com - JohnPoltrock@gmail.com - Homes and Land in the Mountains of Murphy, North Carolina

Tellico Offers 4 Wheel Drive Fun!

April 24th, 2008 poltrock Posted in GENERAL INFORMATION, Things to Do No Comments »

Tellico Plains offers those who like to be off road and four-wheel driving the place to do it! It is maintained by the US Forest Service, and for a mere $5, you can ride all day long. A $30 annual permit is also available. Jeeps, Bronco’s, ATV’s, Quads, Dirt Bikes, all those types of off road machines are welcome! If you ride an ATV or dirt bike, just be sure to bring a helmet because the USFS requires you wear one on their trails.

From Murphy, Tellico is located to the North on Davis Creek Road. From there, there’s all sorts of cabin rentals, Jeep repair centers, and other small businesses oriented toward making your off-road stay a better experience. If it’s important to you, be sure to ask if your cabin has electricity because some out there don’t.

One of the most exciting events hosted in Tellico is the Jeep Jamboree.

Tellico is an extraordinarily fun place to spend the day if you love the outdoors and gas-powered toys. While you’re out riding, be sure to be safe. Davis Creek Road and many of the trails in Tellico drop of steeply on the mountain with no gaurd rails. Be sure to slow down and take a steady pace because the mountains are unforgiving.

For a map or more information, contact:
Tusquitee Ranger District, 123 Woodland Drive, Murphy, NC 28906
Phone: (828) 837-5152, Fax: (828) 837-8510

Directions to Tellico Plains from Murphy, NC- From the McDonalds in Murphy on Highway 64, turn North (left) onto Hiwassee Street and go to the first traffic light. Turn left at onto Tennessee Street and leave town. The road becomes Joe Brown Highway (there is a couple of places along here to buy gas) continue for 2.8 miles until you come to a blinking caution light. Turn right at caution light and continue for approx. 5.5 miles and turn right onto Davis Creek Road. Pavement will end soon and the US Forest Service entrance station will be on your left. Trail #1 starts here and continues through the ORV area and turns into River Road at the NC & TN state line.

Love Tellico and looking to buy your own peice of real estate there? Email me

and I will email you back a list of all the homes and land available there. There are many great investments (you can rent to other Jeepers) and personal use properties available there.

Own property and want to sell? Get started by clicking here.

John Poltrock, CRS and Jessica Poltrock, ABR - The POLTROCK TEAM at RE/MAX Mountain Properties in Murphy, NC - www.MyMurphy.com - JohnPoltrock@gmail.com - Real Estate in the Mountains of Murphy, NC and Cherokee County - Call Toll Free (877) 837-3002 and demand The POLTROCK TEAM!

Do You Have What It Takes To Flip Houses in the Mountains of Murphy NC?

April 23rd, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

Investing in real estate became a national pass-time about a few years ago. Now that we are in a different market, investors must be more wise and disciplined to make their investment yield the results they’re looking for. We’ve sold many spec homes for clients, including a chalet we built and sold ourselves in Glenn Oaks.

Most real estate investment gurus will tell you that “Anybody can do it.” “Anybody can flip houses and earn a hundred thousand dollars in their spare time, buying, fixing, and selling run-down homes.” Well, that’s not exactly true. If it were as easy as these gurus claim it is, everyone would be doing it. Unfortunately, the sheer number of people who have tried to become wealthy real estate investors and have failed proves that not everybody has what it takes to succeed.

The following list describes the most basic qualifications you need to get started:

• Nights (or days if you work the night shift) and weekends off: Flipping houses is like moonlighting at another job. Part-time flippers, often called weekend warriors, can succeed as long as they are committed to treating flipping as another job.

• Financial stability: You should be paying all of your bills on time, including the mortgage on your primary residence, before you consider taking on another financial burden. Don’t look at flipping as a way to solve your financial difficulties – you may end up digging yourself into a deeper hole.

• Energy: Couch potatoes need not apply. You need plenty of energy to work on a home while fulfilling the responsibilities of your day job.

• Ability to function in a crisis: Flipping a house is more complicated than it seems and always more of a challenge than it looks on TV. If you commonly feel overwhelmed already, taking on another burden may not be prudent.

• Organizational expertise: With flipping houses, time is money, so you need to execute the flip as quickly as possible. This requires an organized mind. You have to act as contractor to make sure all materials are delivered on schedule and that your subcontractors aren’t tripping over one another.

• Basic math skills: To be relatively certain that you will earn a profit, you need to be able to crunch some numbers. Overestimate expenses and underestimate profits to give yourself a safety buffer.

• A supportive family: If you’re married, make sure your spouse supports this new venture. Otherwise, you will not only be fighting the world to flip houses for a profit, but you will also be fighting your partner. This often leads to failure both with the new venture and with the relationship.

You may notice that some skills have been omitted from the list, such as the ability to rehab a home or the ability to list and sell the home yourself. You do not need to have all the skills required to flip a home yourself. However, you do need to be able to fill the gaps with people who have the essential skills. For example, if you are not very good at estimating the costs of repairs, you may want to hire a contractor or professional home inspector who is aware of repair costs to inspect the home and provide you with detailed estimates. A real estate agent can often be indispensable in assisting you in determining how much to pay for a property and how much you can eventually sell it for.

Although many people who flip houses fly solo, you do not have to take that approach. In fact, you can often flip more homes and do a better job of it by building a team, complete with an agent, home inspector, mortgage broker, attorney, and handyman/contractor. This approach is particularly beneficial for those who are just learning the ropes.

Ralph R. Roberts, GRI, CRS is an experienced real estate investor and consultant and the author of Flipping Houses For Dummies (John Wiley & Sons).

Finding investment homes like the ones you need to turn a profit seems easy to a lot of folks, and finding the right property is often half the battle. If you’re looking for a property like this, be sure to subscribe to our blog - especially to Beat the Street! I’ve only had two houses that were perfect "flippers" in my personal inventory (I also find more other agents have listed), so when I do come across them, they sell fast! Both I sold in 10% of the average market time.

Long story short, if you’re looking to invest in flipping a home or even long term, you need The POLTROCK TEAM on your TEAM. Call us today and begin searching for your property in our listings or search the MLS.

John Poltrock, CRS - The POLTROCK TEAM at RE/MAX Mountain Properties - www.MyMurphy.com - JohnPoltrock@gmail.com - Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM!

To Pave or not to Pave - That is the Question for My Murphy NC Real Estate

April 16th, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

A Freshly Paved Road in Murphy NC It seems intuitive that paved roads are certainly an advantage when it comes to your real estate - regardless of whether it’s on a home or land. It makes travel much smoother, quieter, and overall a better experience.

The majority of state maintained roads are all paved, with only a few exceptions in the further regions of Cherokee County. Many of the residential areas of Murphy, North Carolina lack paved roads. A few major subdivisions (most of which are relatively new) offer their residents pavement, such as Five Forks and Wolf Mountain Estates.

Interestingly enough, paving seems to not be a major driving force in lot sales. Regular raw land had a mere difference of $2,000 to have paving versus not. If you’re looking to boost the value of your vacant lot, paving does not seem to be the way to go. In fact, it seems that it would cost you more to have it done than it would return. Investment standpoint - don’t pave vacant land.

When it comes to homes, there’s more of a difference. In the past six months, homes with pavement (whether it be concrete or asphalt) sold for an average of $10,792 more.

Depending on how much paving you’ll need, it would likely be a worthy investment in your property. Based on the research I’ve done, the main reason you should do it, however, is because you want to enjoy it for yourself - not because you’re looking to make a return on your money.

John and Jessica Poltrock - The POLTROCK TEAM at RE/MAX of Murphy, North Carolina - www.MyMurphy.com - JohnPoltrock@gmail.com - Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM for your real estate needs in the Mountains of Murphy, NC!

Fraud for Housing - Lying to Get a Home in Murphy, North Carolina

April 8th, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

When you buy a home - whether its your primary home or a vacation home - most folks need to apply for a loan to finance a portion of their investment. When you’re going through all the documents, it is important to understand exactly what you’re saying.

The real estate and mortgage fraud cases that dominate the headlines usually have to do with fraud for profit. A ringleader conspires with industry insiders – usually a real estate agent, appraiser, and loan officer – to obtain mortgage loans they have no intention of ever repaying.

Another form of mortgage fraud is also common – fraud for housing. According to an FBI source, "Fraud for housing represents illegal actions perpetrated solely by the borrower. The simple motive behind this fraud is to acquire and maintain ownership of a house under false pretenses. This type of fraud is typified by a borrower who makes misrepresentations regarding his income or employment history to qualify for a loan."

Fraud for housing may include any of the following attempts to deceive the lender into approving a mortgage loan:

• Claiming on a loan application that you earn more money than you actually earn.

• Presenting counterfeit paycheck stubs to verify employment or income.

• Intentionally overestimating the value of your assets on a loan application.

• Claiming on a loan application to work for a particular employer when you do not.

• Adding someone to the loan application as a co-borrower who does not intend to live in the home with you or assist you in making payments.

• Signing a loan application that contains blanks you know the loan officer will fill in for you later with false information that will help you qualify for the loan.

• Getting a friend or relative who owns a business to say that you work there.

• Fudging the numbers on a document, such as a tax return, to make it look like you earn more than you do.

• Applying for a loan in excess of the sale price paid to the seller, so you can obtain the surplus proceeds in cash back at closing.

Whenever you apply for a mortgage loan, you must sign the application – technically referred to as a 1003 (ten-oh-three) or Uniform Residential Loan Application. Just above the space for your signature is a statement worded something like this:

I/We fully understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1001, et seq.

In other words, it is a felony to lie on a loan application, whether for profit or housing.

Some people argue that fraud for housing is a victimless crime. After all, the person applying for the mortgage loan really wants to keep the house and has every intention of making the monthly payments and paying off the debt. However, that’s beside the point. The real issue is that when people commit fraud for housing, they mislead the lender into approving a loan that is riskier than the lender would otherwise consider. It contributes to increases in foreclosures and the cost of mortgages to all consumers.

Knowing what constitutes fraud for housing can help you avoid committing it or becoming an accomplice if a loved one tries to make you complicit in their plans. Remain on the lookout for mortgage fraud of any type, and do your part to reduce fraud and make mortgage loans and housing more affordable for everyone, including your neighbors.

During the real estate bubble, this type of loan fraud was sadly prevalent. In fact, many professionals agree this very issue caused a large portion of the inflated prices and has now left many would-be flippers and investors "holding the bag." Laws are in place for a reason, and its very important we follow them and banks enforce them.

If you’re looking for a primary home or a vacation home and are unsure of your financial situation, let us know! We have experience in both conventional and unconventional financing that will put you in your new home without putting you in a dangerous situation.

John and Jessica Poltrock - The POLTROCK TEAM at RE/MAX Mountain Properties - www.MyMurphy.com - JohnPoltrock@gmail.com - Real estate in the Mountains of North Carolina - Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM!

What Exactly Does “Underground Utilities” Mean for My Murphy NC Property?

March 26th, 2008 poltrock Posted in GENERAL INFORMATION No Comments »

Underground utilities are an advantage for property owners and investors. In fact, you can readily distinguish if they’re available by searching for the infamous "green box" for power. When you see a tract of land or a home for sale advertised as having Underground Utilities, they usually also have underground telephone cable as well.

One immediate advantages is the aesthetics. Unsightly power lines can ruin an otherwise phenomenal mountain view. It makes living in your community simply cleaner. Underground hides in the landscape rather than overwhelming it with poles and power lines littering the land.

Safety is another concern. Trees tend to blow over at some point in a storm, and if power lines are protected underground, the line won’t be knocked down creating a "live wire" and causing a power outage further down the grid. An invisible consideration is that power lines create electromagnetic radiation. It is widely believed that power lines can cause cancer from the invisible "field" they cause around them. Generally, this is a concern with larger distribution lines. By burying them in the ground, professionals in the field seem to agree the soil protects you from higher exposure.

From a purely financial aspect, it adds value to your property. I just performed a quick search of land sales in the past 6 months between one and three acres to see what the differences were in value. Here’s what I found:

With Underground Utilities - 51 real estate transactions with an average dollar value of $67,901
Without Underground Utilities - 37 real estate transactions with an average dollar value of $35,414

Does that mean my property is worth $32,487 more with underground utilities? No, it does not. This search doesn’t factor out certain features or characteristics that could skew the outcome of it. However, there is a direct correlation in having underground utilities and having a higher property value.

Your power company will be the one to install underground utilities should you decide you would like them. Blue Ridge Electric Membership Corporation (BREMC) and Murphy Power Board are two of our major power companies, and whichever is your power company would be responsible for installing it for you.

To make a long article short, underground utilities are certainly a worthy investment in your property. If you’re searching to buy a property, it is certainly worth considering regardless of whether you’re looking at it from an aesthetic, safety, or financial standpoint.

John and Jessica Poltrock - RE/MAX Mountain Properties - The POLTROCK TEAM - Helping you make the wisest investment decision! - www.MyMurphy.com - JohnPoltrock@gmail.com - Call Toll-Free (877) 837-3002 and demand The POLTROCK TEAM!

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