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

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

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”

Internet Services Providers Available In Murphy NC and Cherokee County NC

Internet Services can have a huge impact on buying a home no matter where you’re looking to purchase a new house. 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 – 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 is Hughesnet and Viasat. We’ve heard the best feedback on Viasat from our clients. Most of their packages have caps on the data usage and different plans are available based on your needs. Check out their website for 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 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

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

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

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”

What is a normal water well in Western North Carolina

Over the past decade+, I’ve either personally had drilled, had clients that drilled, or been involved in transactions where a new well had to be drilled here in Murphy, NC. The one thing I’ve learned; there is no such thing as a normal well in Western North Carolina. Each one is different with several main components: depth, yield, and quality.

Fiberglass Well Cover
This fiberglass “fake rock” is a common well cover. It’s generally foam insulated to protect the well in Winter.

Depth: Perhaps it’ll help to understand where water comes from underground. There are aquifers, or creeks, and veins of water hundreds of feet underground that you want to collect and bring to your faucets. While many areas like Florida and Eastern North Carolina can hit water in 10-50 feet, the mountains of Western North Carolina is often 100-400 feet and can even be deeper. In rare instances, you can have a well drilled that never finds water or has a low yield; more on that in a moment. Some old-timers believe that “witching” a well will help you maximize your odds of finding the best spot to drill your well so you never have a dry hole. The deeper your well, the more “reserve” you have; meaning, your well acts as a storage tank and the deeper it is, the more storage space you have.

Yield: Depth is only part of the equation; how much water your well can produce is another major component. Yield is how many gallons per minute your underground aquifers and veins of water pour into your well. This one is easy – the more the merrier. I’ve seen yield of under 1/2 gallon per minute (GPM) to artesian wells that put out so much water the instruments to measure yield pegged out and we only knew that it was 100+ GPM. Those are rare and 1-10 GPM is far more common. If your well produces a lower yield than the well company recommends for household usage, there are some great options to maximize it like a buried storage tank or fracking, which expands the crevices to try to get more water flow.

This shows a common well arrangement under the cover.
This picture shows a lot under the cover! The well itself is to the right in the thicker pipe. The big blue tank is a pressure tank. This also has a rare feature – a hand pump on top of the well in the event of power or pump failure, you can still get water. Click to see a larger picture.

Quality: Western North Carolina is known for amazing water. In fact, many folks who live in Florida and other areas will tank water from here and bring it to their home because the water is so much better. pH is rarely a problem and any water quality issues we see usually are from rotten egg smell (sulfur) or red water (iron). The good thing about these water quality issues is they can almost always be resolved by a water filtration system. If it is needed, your well company can recommend the right system. They range from an inexpensive sediment filter (I think every home should have one. They protect your faucets and fixtures from sediment) to a tank-style system that costs around $1,650-3,200 depending on certain factors. Filtration technology has come a LONG way in the past decade and many of the systems require very little maintenance to produce the best water your taste buds have experienced.

Just a few personal experiences I’ve had:

  • The well I use daily produces 8 GPM and feeds two homes, a barn, and waters our animals with no issues. Other than a $100 sediment filter, we have nothing on it and it produces the most amazing water ever.
  • At our old house, the well was low yield with 3/4 GPM… and supplied about 10 houses. Fortunately, about 1/2 or better were part time occupants so it rarely had all 10 homes trying to get water. We CONSTANTLY had problems with water… until we installed a 1,500 gallon reservoir tank. That solved every problem we had because the storage tank supplied all the water to the houses and the well replenished it. It made the perfect buffer and we never had a supply issue again.
  • Well Tag on a Drilled Well
    This is a typical well tag that is supposed to be on a well casing. It shows all kinds of useful information to include Yield (bottom left) and depth (center right).

    A developer drilled a well getting an astonishing 100+ GPM that had very high iron. The homeowners on the well had issues with laundry turning red due to the high iron content. They installed a $2,000 well filtration system that cleans itself so it requires extremely low maintenance. The system completely resolved the iron problems and the water is now extraordinary. 

If you’ve wondered the basics on how wells work in Western North Carolina, I hope this helps! Looking for real estate? We would be honored to help. Give us a call at 1-866-687-7496 or contact us from our website and we’ll be there to assist.

Need a good well driller? Check out our Gotta Guy list with reputable local well drillers, contractors, and more.

We have private, shared, and community wells here. Learn the difference here.

John Poltrock 

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