Real Estate For Sale Sign Creates a Great Closing

Posted by I Love Murphy on

We stopped in the RE/MAX Real Estate office in Murphy to met John because he had a property for sale right beside us. From the time we made an offer to buy the property all the way through closing, they were great! It was extremely helpful with us being in Florida because they took care of everything for us – surveyors, attorneys, you name it! Thanks guys!

Richard and Marilyn Reese
Sarasota, FL

The Poltrock Team – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll Free Today at 1-866-Murphy-NC or 1-866-687-7496 – Skype: johnpoltrock – Murphy’s #1 Real Estate Team

John and Amy Salazar Have a Great Experience Selling their Tarheel Home in Murphy NC

Posted by I Love Murphy on

John, Thank You. You have been a pleasure to work with – we wish the best to you and your wife. You were so informative and pleasant to work with – especially over the phone. Being out of state, we spent quite a bit of time on the phone together. You made the sale of our house in Tarheel of Murphy NC incredibly easy and kept us informed on what was going on with the sale of our property and the market as a whole. You gave us the information on the Murphy real estate market we couldn’t have gotten any where else! You did a great job for us and there’s no doubt we absolutely recommend you.

John and Amy Salazar
Lehigh Acres, FL

The Poltrock Team – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll Free Today at 1-866-Murphy-NC or 1-866-687-7496 – Skype: johnpoltrock – Murphy’s #1 Real Estate Team

Great land for sale in Boulder Creek of the Martins Creek Community in Murphy NC – 3.2 acres!

Posted by I Love Murphy on

This property is what dreams are made of! Laying like a dream, this piece of real estate is 3.2 acres located in the heart of Martin’s Creek community of Murphy NC. Its situated close to the entrance of Boulder Creek off of Hedden Road, you have fast access to Murphy and mother nature. Best part is – it’s three fer’ one! This parcel is three lots combined for one extremely nice estate tract – and there’s even a septic permit in place! NICE!

The property itself boasts underground utilities. It is comprised of more than there very gentle acres that allow you to tuck into the woods and get tons of privacy without having to get way out in the middle of nowhere! 🙂

Sorry – this real estate is SOLD!

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The Poltrock Team – RE/MAX in Murphy NC – Real Estate in the mountains of North Carolina -www.MyMurphy.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496

The Palmers Get Great Murphy NC Real Estate Service

Posted by I Love Murphy on

John and Jessica Poltrock provided excellent service to us while we were looking for our mountain property. John me us after hours to look at one piece of land we were interested in. Once we put our offer to purchase on the property, he continue to give us updates on the progress of our purchase until it closed. John always made himself available and helpful for us an our records. I would recommend The Poltrock Team to anyone looking for real estate, to buy or sell.

The Poltrock Team ROCKS!

James and Cheryl Palmer
South Carolina

Timberline Ridge 7.53 Acres of Land For Sale in Murphy NC – Mountain and Farm Views

Posted by I Love Murphy on

Gorgeous Ridgetop on Timberline Ridge in Murphy NC Land For SaleYou have found a gold mine right in the heart of the Martins Creek community of Murphy NC! This amazing property is not one that’s easy to come across – it is 6 lots of land being sold at a package deal totaling approximately 7.53 acres!  That means you can buy the property as one tract of land and keep it all for yourself or divide it into the 6 lots – you’re the one in control!

The property has a road cut in to the very top of the ridge – and the ridge has great mountain views! You overlook a very nice mountain range in one direction and the beautiful rolling pastures of Brasstown’s famous Ridgefield Farms in another! The ridge is a primo spot that you won’t be able to pass up! Add in the fact that it has a very nice little creek on the lower side, and you’ll be singing praises!

Location is pristine! In the Martins Creek community, you are close to the world famous John C Campbell Folk School in Brasstown! Right in the heart of one of the prettiest valleys in the world! And yes, I’m biased! 😉 Not only that, downtown Murphy is just a hop, skip, and a jump away.

Sorry, this property is no longer available for sale.

Contact The Poltrock Team @ REMAX Mountain Properties in Murphy NC TODAY! Call us TOLL FREE 1-866-Murphy-NC or 1-866-687-7496 – JohnPoltrock@gmail.com – www.MyMurphy.com

Unrestricted Tract of Land for Sale in Murphy NC with Septic System in the Ground! 2.38+/- Acres

Posted by I Love Murphy on

Martins Creek Unrestricted Land for Sale in Murphy NC***This property is now SOLD!!*** Here’s a great buy on approximately 2.38 acres of land with a septic system in place already! This property even has underground utilities and is right at a state paved and maintained road. It has a cleared area to use and a rough driveway so you don’t have to do much work on it at all!

One of my favorite things about this property is that it is located in Martin’s Creek community – which is one of the best places to be in Murphy! It is rare to find one like this that is completely unrestricted, so you can build any home/cabin of your choice, camp with your RV, or anything else.

This property is something you need to see in person to believe just how nice and great of a buy it really  is!

The Poltrock Team – RE/MAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll-Free 1-866-687-7496

Unrestricted Land Lot now for Sale in Schenandoah Hills in Murphy NC

Posted by I Love Murphy on

Here’s a outstanding property that’s a rare find! This 1.54+/- acre parcel is completely unrestricted land that allows you to use it for anything you like! It has a very pretty Unrestricted Land for Sale in Schenandoah Hills in Murphy NCmountain view that only lacks some tree trimming to have it full captured all year long. Couple that with the fact it has 3 bedroom septic permit and you can’t miss seeing this opportunity!

The beauty of its being unrestricted land is that you can use it for anything you like! You can put a camper there any use it, put a manufactured home, build a million dollar log cabin – anything!

Now here’s the extremely unique aspect of the property – it is unrestricted but everything else around it is restricted! That’s a great thing because you’ll have a nice neighborhood, well maintained roads, and so much more while have the flexibility to do anything with it you like.

Like what you see? Schedule and Appointment to see this property for yourself!

Want to see all our Land Listings? Click here to see all our listings in Murphy NC!

Want to search the Murphy NC MLS for FREE? Click Here to search the entire MLS with no signup required! Be sure to let us know when you see something you like!

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

September – Best Month for Real Estate Sales in Murphy NC

Posted by I Love Murphy on

Wow! It’s hard to believe that it’s October already! There are so many things going on in the world of real estate right now – which is great! It seems like it’s been forever since the last Bi-Weekly update. Since we began this column in Murphy’s newspaper – The Cherokee Scout – it threw a curve ball in the “release” of our update. We’re working on getting that in sync now, so please pardon the delay.

October brings several wonderful things! Be sure to remember The RE/MAX Client Appreciation Picnic is next Saturday from 4-8! BE SURE TO COME!!! If you think you can make it and haven’t confirmed already, please let us know – we’d love to have you!
 
Fall appears as its going to be early this year, so be sure to enjoy while its here!
 september
On to real estate! September was a tremendous month. It proved to be the best September in the past 3 years. An astounding 63 properties sold in a one month period – and by anyones calculations – two per day is phenomenal! Also not reflected in these sold properties, United Community Bank (UCB) did an online auction that yielded quite a few sold properties – lots sold from a mere $2,000 to $8,000 in several instances.
 

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SOLD Home Statistics in Murphy NC for September
(40 listings)
  Low High Average Median Total
List Price $40,000 $299,900 $172,424 $165,000 $6,896,950
Selling Price $40,000 $300,000 $152,836 $143,500 $6,113,432
List/Sold(%) 59.93% 100.09% 88.44% 89.78% —
Price/SqFt ($) $0.00 $146.34 $43.22 $0.00 —
Days on Market 16 701 233 175 —
 
 
SOLD Land in Murphy NC Statistics
(23 listings)
  Low High Average Median Total
List Price $12,500 $215,000 $60,691 $39,900 $1,395,900
Selling Price $10,000 $185,000 $51,447 $29,100 $1,183,270
List/Sold(%) 37.93% 209.80% 83.63% 81.08% —
Days on Market 113 648 301 190 —
 
Note the interesting phenomena on the lowest SOLD percentage of list price – Land reached as low as 38% of list and homes as low as 60% indicating some steep discounts (or high overpricing) on homes sold. There’s a direct relation between over pricing a home in today’s market and an extreme high time on market. In fact, the high time on market was an astonishing 701 days! If you don’t want to have an extended time on market like this, ensuring your home is priced competitively in the market is of the utmost importance. If you want a review of your property to see if any adjustments are necessary, give us a call or email and we’ll do the work for you.
We have seen a lot of offers thrown out there – in fact The Poltrock Team alone closed 13 transaction sides in September. We’re still seeing some of the Offers to Purchase come in extremely low and did not fly – we had offers as low as 33% of listing price. This was what I call a “Vulture” offer – folks offering ridiculous offers to see what they could get away with. Even with this happening, most of our buyers realize value even today, and that is perfectly indicative of the market. In fact the highest list to sell ratio was 100.09% of asking price – this means someone paid slightly more than asking price to ensure they bought the property.
 
Real estate is currently on the rise! Keep your fingers crossed and say your prayers for consumer confidence to continue to rise and for people to buy homes and land in the mountains of Murphy, NC!
 
As always, we thank you for the opportunity to work for you. We work hard every day and work 60+ hours per week for our clients and would love to work for you and your real estate referrals.
 
If you have any questions or anything we can do for you, please CONTACT US! Thank you for your business and trust. If you know of anyone looking to buy or sell real estate anywhere in the United States, please give us their name and number and we will take care of them to make certain they get the best service no matter where they are.
Written By: John Poltrock, Certified Residential Specialist – www.MyMurphy.com – The POLTROCK TEAM at REMAX Mountain Properties – Murphy’s #1 Real Estate Team – Contact us Today Toll Free 1-866-687-7496
 
Read previous editions of our Murphy NC Real Estate Market Update and Report.

Great Large Tract 4.4+/- Acres of Land for Sale in Murphy NC

Posted by I Love Murphy on

NLarge Land Parcel for Sale by REMAX in Murphy NCow here’s a property that we don’t get the honor of selling very often! This large parcel of land is 4.4+/- acres that will have a very nice mountain and pasture view – and a creek! It’s quite an amazing combination of real estate that we don’t see very often. It’s in the country of Murphy and is about a 25 minute drive from downtown Murphy. It is completely unrestricted land so you can do what you will! It would work for horses, animals, privacy, and so much more! Act fast because at less than $20,000, this parcel won’t last long before someone buys it!

Sorry! This Property is SOLD!

For this land for sale and more, contact The POLTROCK TEAM at REMAX Mountain Properties TODAY! Call Toll Free 1-866-Murphy-NC or 1-866-687-7496 – www.MyMurphy.com – JohnPoltrock@gmail.com

Understanding a Short Sale in Murphy NC Real Estate

Posted by I Love Murphy on

Short sales in real estate have been a popular topic not only in Murphy NC, but all over the United States. National media has brought attention to this topic, and many people simply don’t understand what a short sale is. A short sale is not like a real estate foreclosure, which is is where a bank has repossessed a home or land parcel because the borrower failed to make their payments.

Need Help with a Short Sale? Get The POLTROCK TEAM!
Need Help with a Short Sale? Get The POLTROCK TEAM!

A short sale happens when the owner (or borrower) still has possession of the property and sells the property for less than what is owed to the bank or mortgage holder.

A mortgage must always be satisfied (paid off) in full in order for a property to sell. In order for that, one or a combination of three things must happen:

  1. The most popular and most talked about is the bank/mortgage holder writes off the loss and “forgives” the borrower. In some instances, it can still negatively impact your credit – but not as bad as a foreclosure.
  2. The borrower brings cash to the closing table to pay for the difference. This rarely happens because if the homeowner had the money to pay the difference, they would likely not need a short sale in the first place. Short sales are generally reserved for when foreclosure seems inevitable and the borrower has no way to pay back the note.
  3. The owner borrows the money to pay the difference. Many times the institution (so long as it is not a mega-national company) will loan the difference or a personal loan can be given from another bank.

Many sellers who are “upside down” in their real estate are trying to attempt this option. On the surface, it seems very easy. The truth is, there are a lot of hoops to jump through and you may not qualify for it. I was working a short sale and had the buyers about two weeks ago. The president of a large local bank told me, “If we did it for these guys, then we would have to do it for everyone. That would say it’s okay to default on a loan you promised to repay and that’s just not right. We’ll foreclose on it before we’ll even consider short selling it.” On the other hand, some banks would far rather a short sale than to have to go through the expensive process of foreclosing. We’ve closed short sales and they do happen.

There are so many things that come into play on these that I will have to save them for a later time. Keep an eye out for more on this topic and I will try to link them together to make them easily found. If you have any questions, call us or email! We’re in business for you and are happy to help any way we can.

Related articles:

Perils and Advice of buying Short Sale Real Estate in Murphy, North Carolina

John Poltrock, Certified Residential Specialist – The Poltrock Team at REMAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Toll Free 1-866-Murphy-NC or 1-866-687-7496