Reverse Mortgages: What You Need to Know

With homeowners’ cash needs often outstripping their available financial resources, many people are tapping the equity in their homes. Although home equity loans are a popular choice, some older homeowners have turned to a reverse mortgage to generate cash from their primary home.

The reverse mortgage product has been around since 1961, and continued to be revised through 2017. Before jumping on the reverse mortgage bandwagon, however, take time to understand the upsides and downsides of this income generation method. Continue reading “Reverse Mortgages: What You Need to Know”

Meet The Poltrock Team’s Four Exceptional Realtors

Preparing to buy (or sell) a home means you’re moving on to the next chapter in your life. To make the experience as seamless as possible, work with a realtor who knows the local market like the back of their hand.

A highly effective realtor knows about the changing trends that influence the local economy. This highly focused professional is also intimately familiar with the local real estate market. And, they combine that substantial knowledge with top-tier technology to get results – every single time.

Perhaps most of all, this extraordinary real estate professional has unparalleled concern for their clients. When other agents might say, “that’s good enough,” your realtor rolls up his or her sleeves and goes the extra mile without a second thought.

Meet The Poltrock Team’s Four High-Achieving Realtors
Here at The Poltrock Team, Murphy’s Top-Selling Real Estate Team, that’s simply the way we do business. Although each of our four high-achieving realtors has their individual style, each professional goes above and beyond to get the desired results for their clients. To sum it up: They love what they do, and it shows.

John Poltrock
Certified Residential Specialist (CRS)
Short Sales & Foreclosure Resource (SFR)
Mobile: 828-557-2270

Meeting John Poltrock is like reconnecting with a close high school friend you haven’t seen in years. John’s friendly Southern manner makes conversation a breeze, and you’re quickly chatting about every subject under the sun and then some. Simply put, even if you weren’t buying a home or selling a home, you’d enjoy spending time with John and come away smiling.

As The Poltrock Team’s Lead Listing Agent, John is known for his exceptional client service and sincere concern for his clients’ well-being. And, his many years spent in Murphy and Cherokee County give him the insider knowledge to be an effective advocate for his buyers and sellers.

In addition, John is deeply immersed in real estate market mechanics. In other words, he keeps a finger on the pulse of local real estate trends and the factors that drive them.

John is also a master of technology, and skillfully interprets data to shape the marketing strategies for his clients and for The Poltrock Team. To support these high-level endeavors, John relies on his Bachelor’s Degree in Financial Planning from Western Carolina University.

When John’s not engaged with the real estate world, he enjoys everything our beautiful mountain region has to offer. Hiking, camping, and boating are tops on his list. John and his wife Jessica have been married since 2005. They have a high-achieving daughter in college, and their energetic young son certainly keeps them on their toes.

Wayne CoferWayne Cofer
Mobile: 828-361-7603

The residential and commercial real estate markets are two different animals. Multiple factors affect each market at any given time. Getting results in each arena depends on whether a realtor has the skills to meet those market-specific challenges.

Fortunately, our Universal Realtor Wayne Cofer has the extensive business and management background to excel on both playing fields. And, he’s adept at working with both buyers and sellers. When obstacles arise during a real estate transaction, Wayne’s proven negotiation skills are essential to finding a “win-win” solution.

Whether you’re ready to buy (or sell) a small mountain cabin or a large commercial building, having Wayne in your corner makes good business sense. And, he combines his impressive knowledge base with a personable manner that makes him an ideal business partner.

Outside of the office, Wayne enjoys mountain life with his wife Kathy. He also spends as much time as possible with his three grown daughters and four grandchildren. Wayne frequently explores our region on his touring motorcycle, and he’s an avid United States and world history buff.

Kaitlynn PopeKaitlynn Pope
Mobile: 828-361-0945

Realtor Kaitlynn Pope has true native-level knowledge of Murphy and Cherokee County. She was born and raised right here in Murphy, so she’s extremely familiar with the region’s culture and market demographics. These attributes give Kaitlynn a valuable perspective that helps her to better serve her real estate clients.

Personally, Kaitlynn combines a gracious Southern charm and a generous spirit, and she has a genuine affection for her clients. In fact, you’d likely feel right at home meeting her for a sweet tea on a summer afternoon.

At the same time, don’t overlook Kaitlynn’s remarkable attention to detail. She’s thoroughly committed to achieving a positive outcome for her clients, and she consistently goes to great lengths to make that happen.

On the personal side, Kaitlynn and her husband Caleb Pope moved back to the mountains during spring 2016. Caleb’s eight-year Coast Guard career had wrapped up, and the couple was looking forward to new opportunities in the Murphy area.

Shortly after they arrived, Kaitlynn and Caleb were thrilled to become first-time parents through adoption. Their son Sawyer constantly keeps them hopping, and he enriches their lives in countless ways every day.

Paige McKnightPaige McKnight
Mobile: 828-557-1234

The Poltrock Team’s newest realtor, Paige McKnight combines 14 years of experience with an unfailingly positive attitude. Although she’s a seasoned realtor with many successful closings under her belt, Paige views every property purchase or sale with a fresh perspective.

Naturally, every real estate transaction comes with its distinctive challenges. Financing, home inspection, and documentation issues are common hurdles. Contractors sometimes drag their feet on required repairs, and other issues may threaten to derail the process entirely.

That’s where Paige McKnight’s well-known perseverance and follow-through make the difference. She’s dedicated to meeting (and conquering) every challenge, and she goes to great lengths to support her clients throughout the process. And as you might expect, this determined lady gets results.

An Exceptional Support Team Makes the Difference
A highly effective support team enables our top-tier realtors to perform at their absolute best. First, our real estate professionals are backed by Re/MAX, the world’s largest real estate company. That coveted status means our support team can access Re/MAX’s proprietary software and management systems.

In addition, the Re/MAX website is the world’s highest-ranking real estate agency website. This gives The Poltrock Team unparalleled market visibility compared to our competitors.

On the local level, The Poltrock Team’s support staff includes a Client Concierge, who provides immediate assistance to potential buyers. Our highly efficient Listing Coordinator, Closing Coordinator, and Marketing Associate round out this top-notch group.

Every member of The Poltrock Team truly respects and supports each other. And, they’re all committed to achieving the best possible results for our clients. With countless testimonials from satisfied buyers and sellers, they’re confident they’re on the right track.

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

How to Get the Maximum Value from Your Real Estate Experience

Preparing to buy or sell a Murphy, North Carolina home is an exciting proposition. You’re ready to progress to another chapter in your life, and you’d like the entire process to go as smoothly and efficiently as possible. Naturally, your realtor also wants you to have a good home-buying or home-selling experience.

To realize the best outcome, do your homework before you first meet with the realtor. Do some research, gather documents if needed, and generally “get your ducks in a row.”

When you take time to do that, your realtor can do the most effective job in the timeliest fashion. Whether you’re buying or selling, here are some valuable tips that will help you enjoy a good real estate experience. Continue reading “How to Get the Maximum Value from Your Real Estate Experience”

Why the Holidays Are a Perfect Time for Buying (or Selling) a Home in Murphy, NC

The Thanksgiving to Christmas holiday season is filled with festive gift giving, socializing with family and friends, and overindulging in your favorite foods and libations. But here’s the best-kept secret: the holiday season is also a great time to buy (or sell) a house in Murphy, North Carolina. Either way, we’ve got four compelling reasons to jump into the real estate market over the coming weeks.

Why the Holidays Are a Good Time to Buy

Reduced Buyer Competition
Let’s say you’re in the market for a new home. You’ve got your “Must Have” list of features, and you’d like to view properties that might fit the bill. If you find the ideal mountain home, you’re ready to make an offer. However, you’re slightly concerned about another buyer swooping in and grabbing the house while you’re trying to negotiate a good deal.

Here’s some good news: The odds of that outcome will be much lower during the holiday season. Simply put, there aren’t as many buyers looking at homes, so your chances of making a successful offer are considerably better. Continue reading “Why the Holidays Are a Perfect Time for Buying (or Selling) a Home in Murphy, NC”

5 Tips for Researching an Investment Property in Murphy, NC

Pinpointing the right investment property in Murphy, North Carolina is like looking for the proverbial needle in a haystack. Whether you’re searching for a mountain cabin, rental home, or commercial building, you likely have several MLS properties that interest you. So, narrow the field by doing some due diligence on your top-tier candidates. Next, partner with a leading realtor who will gladly provide you with additional details and professional guidance. Then, you’ll be in a better position to make an informed purchase decision.

 

Get Acquainted with the Area
Naturally, you want to learn as much as possible about your potential investment property’s location. So, get in your car (or truck) and take a leisurely drive around the county. Look for adequate access routes to surrounding communities, and notice the number and type of shopping venues. Make a mental note of parks, recreational activities, and medical facilities. In other words, take the perspective of a potential home buyer or business owner.

 

Next, let’s assume you’ve browsed the MLS listings, and you’ve found several houses for sale or commercial properties in downtown Murphy, North Carolina. Can you easily access that part of town? Cruise through the business district; and notice the number and types of shops, restaurants, and other establishments. Adequate parking is especially important, as residents and visitors want easy access to local businesses.

Now, park your vehicle, and stroll around town like you’re buying a home there. Visit with several shop and restaurant owners. Learn about the business climate, and get a sense of business owners’ and residents’ relationships with local governments. Walk to the town hall or city manager’s office, and learn about upcoming business and residential development plans. Ask your real estate agent for any “inside track” information. Simply put, you want to know that you’re investing in a vibrant community that’s continuing to grow. Finally, for an up-close perspective of the town and/or county, call or visit friends or family who own a mountain home or work in that locale.

Obtain Local Demographic Data
Put on your detective hat, and do some in-depth due diligence on the town’s demographic makeup. Your goal: to determine how this town stacks up against other towns in the county or surrounding region. Begin with the local Chamber of Commerce website. This valuable resource will likely contain useful data on the general economy, population makeup, median income, business ownership breakdown, and much more.

Next, browse the town’s official website for additional nuggets of information. Besides assorted local government details, you might find listings of upcoming events and points of interest. Again, you’re looking for a lively, growing town with much to offer current (and potential) residents and visitors.

Pinpoint Each Property’s Potential
Now, let’s open the zoning can of worms. For example, let’s say you’re interested in a property that currently carries residential zoning, but you think it would make a terrific business location. Before you proceed down that path, learn about current property usage limitations. Next, talk to town managers about the feasibility of a zoning change. Also, ask your realtor about other clients’ recent experiences with zoning issues.

If you decide to pursue that option, realize that you’ll incur some attorney’s fees. You could also face logistical delays that further complicate your plans. So, if your commercial project carries a tight timeline, decide if it’s still workable given those limiting factors.

Visit the Registry of Deeds
Let’s say you’ve found a home or commercial building that piques your interest. To obtain valuable mortgage information on the property, visit the town’s Registry of Deeds. With a little digging, you can get the property’s current mortgage and last selling price figures. Most importantly, learn about any outstanding liens that could affect your potential purchase. Although sifting through these public records will take some time, this information will provide an insight into the seller’s perspective during previous contract negotiations.

Comb through the Permit Records
If you’ve gotten to this stage, you’re seriously interested in a property, and you want your ducks in a row before possibly making an offer. More specifically, you want complete permit data on the property’s previous construction, addition, and/or remodeling projects. If you can’t find these details online, view the written records at the town government offices.

For example, maybe the seller put up a new roof, but never pulled a permit because he wanted to avoid construction delays. That speaks volumes about his mindset, and potentially provides you with an advantage during contract negotiations. Share these (and other) relevant details with your realtor, so you’ll be in the best position to make an offer that aligns with your business goals.

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

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

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”

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

5 Reasons Why Murphy, NC Is the Best Place to Buy a Carolina Mountain Cabin

Deciding where to buy your North Carolina mountain cabin is like combing through a box of chocolates. You examine every delectable-looking piece, savoring its visual appearance and fragrance before selecting the most appealing option. As you enjoy your reward, you know you made the perfect choice.

Likewise, you’ll consider several different factors when choosing your mountain cabins location. Of course, you want a beautiful and peaceful setting, but within easy driving distance of grocery stores and other shops. When you travel to town, you’d like a friendly atmosphere that makes you feel welcome. If you enjoy outdoor activities, you want varied options for yourself and your kids (or grandkids). And finally, you’re looking for an affordably priced property, leaving you plenty of discretionary income to enjoy the finer things in life.

MURPHY, NC DELIVERS A TOP-NOTCH MOUNTAIN CABIN EXPERIENCE
Believe it or not, Murphy, North Carolina checks all the boxes when it comes to choosing your cabins location. Yes, we’re a bit biased, as we thoroughly enjoy living in this beautiful part of the world. And, we’re happy to share the five factors that make Murphy (and surrounding Cherokee County) so special: Continue reading “5 Reasons Why Murphy, NC Is the Best Place to Buy a Carolina Mountain Cabin”

Carwash – An Incredible Investment Opportunity For Sale in Murphy NC

MAINIncredible investment opportunity in Murphy NC! Carwash with excellent visibility and frontage on 64. Traffic count ranges between 15-21,000 cars per day on one of the busiest sections of the four lane. There’s one automatic carwash and 5 self service bays. All equipment is included with purchase. Paved all around and on city water and sewer. Foreclosure sale being sold as-is with no representations. Call us today!

Click HERE for more Pictures and Information on this home for sale in Murphy, NC.

 The Poltrock Team – REMAX of Murphy NC – www.MyMurphy.comJohnPoltrock@gmail.comCall us Toll Free at 1-866-Murphy-NC or 1-866-687-7496 – Murphy’s #1 Real Estate Team