John Poltrock is Dave Ramsey’s Endorsed Local Real Estate Provider

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Dave Ramsey ELP Poltrock TeamJessica and I are incredibly fortunate to have graduated from Financial Peace University. It literally changed our lives! So much so, we even taught it at our church. Dave Ramsey is a household name in financial education, both due to his nationally syndicated show The Ramsey Show, which is listened to by 18 million people each week, as well as his bestselling books such as “Total Money Makeover” and “The Legacy Journey”.

Fast forward to today, I’m actually Dave Ramsey’s Endorsed Local Provider for real estate in Murphy NC and Cherokee County! This endorsement is an incredible advantage for anyone buying or selling real estate in the local area. It means you can be assured that you are working with a team who takes Dave’s mantra of “serving with the heart of a teacher” seriously. And not only that, The Poltrock Team is also widely recognized as Murphy’s #1 Real Estate Team.

This endorsement serves as both a badge of honor and an assurance of excellence. Buying or selling property is one of life’s more significant transactions and having the trust of someone like Dave Ramsey speaks volumes about how seriously we take the responsibility of helping you buy or sell property locally. With a wealth of experience combined with the trusted endorsement from Dave Ramsey, you can be sure your real estate needs will be taken care of efficiently and effectively. If you’re looking for premier real estate services in Murphy NC or Cherokee County, give us a call today at 828-837-6400. We’re here for you!

John Poltrock – 828-837-6400

View These 2022 Housing Market Predictions from the Realtor.com Crystal Ball

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As 2021 winds down, it’s an ideal time to define some major goals for 2022. If you’ve decided to buy a home or sell a home during the New Year, you’d like to know about upcoming housing market trends. Or, maybe you’re considering the purchase of a Murphy, NC investment property. As you move forward, you’d appreciate some details on the real estate investment market.

Fortunately, the Realtor.com housing market analysts have done their homework. After examining United States economic trends and market indicators, these market experts recently presented their 2022 Housing Market Predictions. Buyers, sellers, and investors will likely have some opportunities along with some challenges.

 

Home Inventories, Prices, and Sales

Three separate variables are integral to every home purchase or sale. The term “home inventory” refers to the properties available for sale in a specific market. Home prices fluctuate up and down according to standard supply and demand principles.

A market’s home sales are determined by the relationship of the first two variables along with other economic indicators. View this summary of the Realtor.com United States housing market predictions for 2022.

Growth in Property Inventories

In 2021, low property inventories meant frenzied buyer competition for available homes. Houses often sold within hours, and homes in several price points quickly received multiple offers. To add another level of complexity, investors snapped up many properties, leaving even fewer houses for individual buyers.

In fall 2021, an increasing number of homeowners signaled their intention to list their home within the next 12 months. As a result, the inventory of homes is expected to increase 0.3% on average in 2022.

Realtor.com also expects an increase in new construction, which translates into additional properties for sale. However, builders must first play catch-up, finishing their not-yet-completed homes before breaking ground for new ones. Therefore, you’ll need plenty of patience if you’re building a house in 2022.

Less-drastic Rise in Home Prices

Since 2012, home prices have seen single-digit annual increases (on average). In 2020, however, the COVID-19 pandemic led to an unexpected buying frenzy. At the same time, the nationwide housing market was already short 5.2 million single-family homes.

While home builders focused on adding more properties to the market, existing home prices were driven higher because of reduced inventories. From August 2020 to August 2021, the market saw a double-digit rise in home prices.

For 2022, Realtor.com expects a 2.9% rise in median home sale prices. While builders continue aggressive production, homebuyers must adapt to higher purchase prices and mortgage rates. Even with those factors, though, prices are still projected to rise at a relatively reasonable pace.

Continued Increase in Home Sales

Strong housing demand is expected to continue in 2022. Realtor.com expects 6.6% higher home sales numbers during the New Year. This translates to a 16-year high across the country and in many metropolitan markets.

Over 45 million millennials will be buying their first house during 2022. Other demographic groups will also be searching for the perfect residential or investment property. With an estimated 3.3% national income growth by late 2022, buyers will have more discretionary income to spend on a home.

2022 Outlook for Buyers, Sellers, and Investors

Real estate markets of every size have one universal truth: Buyers, sellers, and investors each have differing perspectives and goals. Each group interprets a specific market through a different lens, and they make their decisions accordingly. View the Realtor.com 2022 predictions for these three key market subgroups.

Homebuyers Must Quickly Make their Moves

With housing inventories projected to rise in 2022, homebuyers will have more potential “dream homes” from which to choose. However, the market will be flooded with buyers – especially first-time millennial homebuyers and other entry-level purchasers. With lots of competition for available homes, buyers must make fast decisions and be prepared to go “above and beyond” to win the bidding wars.

With home prices and interest rates expected to rise, finding budget-friendly properties will take skill and patience. However, increasing remote work opportunities may expand geographic search parameters to more affordable areas.

View Two Useful Home-buying Tips

To maximize their chances, homebuyers should set their home-buying budgets before making property-viewing appointments. Buyers should also run several simulations to determine how rising mortgage rates could affect their house payments.

Buyers should also refine their lists of “must have” and “nice to have” home attributes. By being more flexible in their choices, they’ll encounter a larger pool of potential candidates.

Home Sellers Will Enjoy Several Advantages

With higher expected home values and prices, sellers should be in a favorable position in 2022. Although there will be more homes on the market, realistically priced properties in nice condition have a good chance of selling quickly. In addition, sellers who purchased their homes awhile ago will likely receive a respectable amount of cash at closing.

Some sellers are chafing at the bit to list their homes for sale. However, they haven’t done so because they’re afraid they can’t find another home to purchase. Sellers who liquidate their current home, and who come up empty on another one, have few options other than renting until their luck changes.

Sellers ready to unload second homes, or who want to sell their vacation getaways, probably don’t need to buy another property right away. Therefore, they’re likely in the best position in this current market. However, sellers in vacation home markets may not see the same buying frenzy that occurred in 2021.

Investors Will Likely See Favorable Returns

Investors who hold rental properties will continue to receive good returns on those homes, says Realtor.com. Existing owners are well positioned to benefit from rising home prices. Rising rental costs may entice rental investors to keep buying homes, as the extra income may outweigh higher mortgage rates.

For perspective, note that in early 2021 many investors purchased homes at a higher rate than they sold them later in the year. If these investors choose to rent the properties, they should receive good yields because of continued demand and increasing rental prices.

Predictions May be Subject to Change

Note that the Realtor.com housing market predictions may (or may not) actually come to pass. The projections could be affected by economic conditions and other variables throughout the year.

To learn about predicted trends in your regional market, speak with your local realtor early in the New Year. The Poltrock Team utilizes sophisticated analytical data, along with its realtors’ local expertise, to provide you with second-to-none market analysis designed for your needs.

 

The Poltrock Team – REMAX Mountain Properties – Murphy NC   

 Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496

 Murphy’s #1 Real Estate Team      ilovemurphy.com

5 Tips for Getting Your Offer Accepted in a Seller’s Market

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You’ve been house hunting for months, and you’ve finally found your dream home. You love the layout, the amenities, and the neighborhood. The house is also listed at a reasonable price. You really can’t find any downsides to this property, and you can really visualize yourself living there. So, you’ve decided to make an offer on the home.

However, you have plenty of company. In many cities and towns, it’s definitely a seller’s market. This means the marketplace is overflowing with buyers, and there isn’t enough home inventory to accommodate them all. Each newly listed home quickly receives multiple offers, some of which are above the asking price.

To further complicate the issue, real estate investors are jumping into many fast-growing regional markets. Sometimes, the investors are buying the homes sight-unseen with the intention of flipping or renting them. By snapping up available houses at way-above-asking price, the investors leave even fewer homes for individual buyers to purchase.

Fortunately, there are several ways to make your offer stand out and increase your chances of getting the home. These five useful tips apply to any geographic market and any price point. Continue reading “5 Tips for Getting Your Offer Accepted in a Seller’s Market” →

Reverse Mortgages: What You Need to Know

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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

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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.

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

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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” →

Internet Services Providers Available In Murphy NC and Cherokee County NC

Posted by I Love Murphy on

Internet Services can be a huge consideration when buying a home no matter where you’re looking to purchase. When you’re shopping online for real estate, determining what internet speed is available is nearly impossible. When working from home is crucial, homeschooling is common, and simply wanting to watch a movie to relax is important, knowing what internet is available is vital.

Several companies have reached out to us wanting us to add their maps of internet coverage to our website. After we dug into them, we realized they had major flaws in being able to provide what properties have what type of internet. Because of that, we didn’t use them and decided to post this to give you insight as to what to expect.

Here are the types available here in Murphy NC:

  • Fiber Optic Internet – Provided by Blue Ridge Mountain Electric Membership Corp., this is the fastest option with no data caps. The base package is around $40 per month and download speeds tend to be 15-40 Mbps. Other packages are available. Finding homes with Fiber Optic is a gem – they are not common because our area is spread out and the cost of building the infrastructure is high. Thanks to a federal grant many years ago, the system was built out and is much larger than it once was. If you find a home with fiber optic, this is a huge plus.

 

  • SkyTek Internet (now River Street) – this is a local company that offers point-to-point internet and is largely found in homes that are higher up in elevation with views or unobstructed views to their repeaters. It works through Blue Ridge’s Fiber Internet Service and covers folks who don’t have fiber directly available at their home. It also has no data caps and plans start around $40 per month as well but are slower speeds than fiber. They do have higher-level packages that come close to the speeds of fiber and can be around $70 per month. This is what I personally have at my home and have been very satisfied with their service. The customer service is great, the owners are very good, hard-working folks, and I love that we support a local business in the process. They can do a site visit to any property and tell you whether service is available.

 

  • Cable Internet – Provided by Murphy Cable, they offer TV services and internet with no data caps. They have excellent speeds in our experience and do a good job. Their region is largely confined to being close to town so properties that are far out are unlikely to have this option available. They’re cost-effective and speeds are quite fast. Their speeds can vary widely based on distance from their stations so you are best to contact them IF cable TV is available at the property to see what you can expect from their services. 

 

  • DSL – Provided by Frontier Communications and/or AT&T depending on where you are in Cherokee County, DSL generally offers 3 MBPS download and up to 512 KBPS upload speed with no data caps. It can stream YouTube and other services but does tend to buffer especially in times of high usage. It is important to note they are out of ports in many parts of the county so if you buy a property that has active DSL services you want to continue that same service, be sure to have the seller set up for a transfer of the port rather than canceling service. If you don’t, you may find there isn’t a port available.

 

  • Satellite Internet – this is usually available in areas where none of the above options are. The two main companies we see folks use are Hughesnet and Viasat. We’ve heard the best feedback on Viasat from our clients. Most of their packages have caps on data usage and different plans are available based on your needs. Check out their website by clicking the name for more details.

Have a specific property in mind and need to know what it has available? Do you require a certain type of internet? Give us a call at 1-866-687-7496 and we can help you find out what there is so you can find the perfect home! Search all available properties online here!

Please note all information provided herein is based on personal experience, speed tests, customer feedback, and more. All info is subject to change, package pricing changes, location differences, and more. If the Internet is very important to you, we highly recommend you independently verify it will suit your needs prior to purchasing a home.

What to do if your 2020 Cherokee County NC Tax Value is High

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Did you get a high tax appraisal value for your 2020 Cherokee County NC Values? Every property owner in Murphy NC, Andrews NC, Marble NC, Brasstown NC, and all around are receiving their new appraisal values in the mail. If your value came back accurate or low even, you do not need to do anything. If it is high, watch the video below to learn how to go through the appeals process. 

 

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

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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” →

Simple, Affordable Home Staging Tips to Help Sell Your Home in Murphy, NC

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You’re ready to sell your home in Murphy, North Carolina, and you want to pull out all the stops to attract home buyers. You’ll get your house clean enough to pass the “white glove test,” and you’ll hire a lawn service to keep the property in tip-top shape. You know that properly staging a home can increase its appeal to buyers searching the MLS, and that can go a long way toward getting an offer.

Unfortunately, you don’t have big bucks to hire a home stager. So, get ready to handle the home staging work yourself. With just a little time and creativity, you can create an environment that makes home buyers feel welcome, and that could convince them to make their move.

Then, you’re ready to call your real estate agent, who will hire a professional photographer with the skills to make your home really shine. Next, your realtor will place your property on the MLS listings, and will launch a marketing program that helps you to sell your property. Continue reading “Simple, Affordable Home Staging Tips to Help Sell Your Home in Murphy, NC” →