Spring Break in Murphy NC

Here’s an article I wrote for the Cherokee Scout, our local newspaper. It was published in theirs magazine – Country Roadson Wednesday. Enjoy! 🙂

Spring Break – it’s the things legends are made of. Countless Hollywood movies have been created capturing hilarious Spring Break family vacations and college excursions. Here in the mountains, it’s a perfect opportunity for families to come and enjoy the bountiful selection of things to do that bond memories together forever.

On our website, www.iLoveMurphy.com, I wrote an article on Bear Paw Resort here in Murphy NC that said, “It is surprisingly common to have a middle-aged person come who spent their summers as a kid in Bear Paw and want to purchase a property so they can continue to enjoy and prolong those great memories that have captivated them for years.” I received a call from a gentleman a week or so ago saying, “I’m one of those guys!” Now, he wants to come back to Murphy, NC to create the same fond memories in the minds of his young children so they too can look back at family vacations and Spring Breaks in the mountains.

However, fond memories are certainly not confined to Bear Paw. There are lots of opportunities throughout Murphy and Cherokee County. Fortunately, we are not a “Panama City Beach Spring Break” type partying place. We are the retreat for both couples and families.

There are so many things to do here in Murphy NC! In fact, I have quite a comprehensive list on our website. Things like ATVing, hiking, camping, fishing, boating, antiquing, farmer’s markets, festivals, Field of the Wood, zoo, flying, and so much more leave something everyone can enjoy. Whether you’re an adult or 5, you’re bound to find something to do and build those memories that last a lifetime.

So many folks come here on Spring Break, or another vacation, and find they absolutely love it! Murphy is one of the few places on earth that the more you come, the harder it gets to leave. It grows on your soul and becomes part of you. That’s why so many people choose to buy land or a permanent/vacation/retirement home. Land offers the opportunity of owning a sliver of the place you love.  A home provides instant use so on the few times per year you can break away, you have that special place to come to awaiting your arrival. Or, if you’re lucky enough, you can move here full time and become a true Murphy-onian.

No matter your age, no matter the ages of your family or lack of, I hope you have a wonderful Spring Break. Make it something that touches the heart and soul of those around you. Be certain to explore the opportunities that lie close to you. Leave no rock unturned and genuinely enjoy the time off to recharge your batteries and create memories that last decades.

John Poltrock – The Poltrock Team at RE/MAX – Murphy’s #1 Real Estate Team – www.MyMurphy.com – John Poltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496

RE/MAX Mountain Properties in Murphy NC Voted THE BEST Real Estate Company in Murphy NC

It’s official, RE/MAX Mountain Properties was just voted the BEST Real Estate Company in Murphy NC by the Cherokee Scout’s Reader’s Choice voting.

What does that mean? That means the readers of Murphy’s local newspaper, The Cherokee Scout, voted us the best real estate company out of all others!

Thank you Cherokee County – we’ll continue to serve you well and be Murphy’s #1 Real Estate Team and company! 😀

John Poltrock – The Poltrock Team – REMAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll Free 1-866-Murphy-NC or 1-866-687-7496

The Big Sweep – A Lake Hiwassee Cleanup in Murphy NC

Lake Hiwassee is a gorgeous resource here in Murphy, and I find myself writing about it often in many different articles. A week ago today was the annual Big Sweep. It’s an arranged group of folks who spend at least half their Saturday on Lake Hiwassee cleaning up trash in different coves. Jessica and I did it, and I have to admit, it was a lot of fun! We even did it on our canoe, so we paddled the whole way! It was a bit more work, but I have to admit, it got us to places where larger boats would’ve had trouble and was fun.

It was organized by Silas Allen, our very own head of the Cherokee Building Department, and Susan Hersh (who I might add is the “face” of the Building Department as you always see her running the show when you go in 🙂 ) It takes ton of preparation and organization, and thanks to them, the turnout was great. There were roughly 130 volunteers, 20 boats, and an estimated 20,000 pounds of trash taken from the shores of the lake. This year’s focus was right around Bear Paw. It was such a great event – it was on the front Page of this week’s Cherokee Scout newspaper.

The majority of the trash come from the rivers, creeks, and streams that are tributaries to Lake Hiwassee. It’ll come from someone’s yard and eventually end up in Lake Hiwassee. We found lots of things in the lake such as tennis balls, countless plastic bottles, Skoal cans, tires, coolers, televisions, and tons more. It’s amazing how many things end up in the lake, and it was nice to know we were able to make a difference.

Cherokee Indian Tribe to Put Casino in Murphy NC

That’s right – it was front page news today in The Cherokee Scout.  The Cherokee Indian Tribe has 793+/- acres secured to potentially grow their casino business from the Cherokee to Murphy (the land is actually in Marble, which is between Murphy and Andrews NC). The growth of this enterprise will be a huge influx of capital and jobs to Cherokee County and give our beautiful mountain area another attraction for folks to come and enjoy. The opportunities to be created here are amazing!

How will this affect real estate values? Right now it’s not even happened yet, so the effect won’t be immediate. There likely will be some “land grabbers” who will purchase land around the future casino site as an investment. As the casino is built and future development, restaurants, etc. are built up, surrounding land values will most likely increase. If you’re searching for an investment opportunity, you have the highest opporunity for reward early in the development.

Looking to capitalize and buy land around the future site? Email us or call today to secure the best buys and investments early in the project!

The Poltrock Team – REMAX Mountain Properties – www.MyMurphy.com – Call Toll Free TODAY at 1866-Murphy-NC or 1-866-687-7496 – JohnPoltrock@gmail.com – Skype: johnpoltrock

Snow Days are a Blessing in Murphy NC – A Cherokee Scout Article by John Poltrock

Here’s the most recent article written by John scheduled to be in The Cherokee Scout’s upcoming magazine, Country Roads.

As I write this on a quite cold winter day, snow gracefully falls from the sky. My daughter is even excited at the prospect of not having school – something a child always looks forward to – a snow day! Snow days are sporadic in a year, only gracing us a few times a year. But when they do, it’s magical. Folks get time to spend with their family, get a few well deserved hours away from work, a warm cup of coffee or cocoa, and always, snow angels. Lots and lots of snow angels.

Snow FlakeAlthough an unlikely comparison, the falling snow reminds me of the blessings in real estate we have seen from winter to winter. Yes, despite the bombardment of bad news from the media and everywhere else you turn, real estate has the ability to bless people like a snow day – only better.

We worked with a couple this year who purchased a property that is now their home. And by that, I don’t literally mean it has a house on the property – it’s their home. In fact, it is currently only a vacant piece of land now, but it is going to be their home and where they spend many years together making it that much more of a home. It brings them hope for the future – a place they will come to enjoy their lives.  The feelings that wash over them and the excitement the property brings to them is better than that of any snow day. It will literally last them a lifetime and be the place they will enjoy a few brilliantly white snow days together.

On an opposite token, we worked with a couple who were in serious danger of losing their house. In fact, it wasn’t just a danger, it was eminent. Foreclosure notice had already been served and the writing was on the wall. This couple’s house went from a home, to a house, and finally to a huge burden. It was a weight on their chest that can’t be picked up no matter how you try. And for those of you who have been blessed enough to not have experienced a foreclosure, it’s one of the worst feelings and emotions you can possibly imagine. It’s one of the most terrible, most embarrassing things that can happen to you. With this couple, we were able find a buyer and come to an agreement with the owners and their bank. Although that statement sounds simple, it was one of the hardest, most challenging transactions we’ve ever worked on – and also one of the most rewarding. For the homeowner when it was over, it was far sweeter than a snow day from work. It was a feeling of full relief to know that stage of their life was over with and complete.

Snow is a gift that we only get to enjoy a few times a year. Real estate is an opportunity to enjoy the feelings that snow days bring not just a few times, but every day. So while winter grasps hold of us and the cold weather keeps us by our fireplaces, enjoy yourselves, your family, your home, dream of your future home, and know that we are blessed to be in mountains, in God’s Country.

If you have real estate needs, give us a call. We work hard for you to get you the results you need. And no matter your situation, whether buying or selling, we strive to get you to the day where the job is done and the good feelings you remember from a snow day wash over you from a job well done.

Written by John Poltrock, Certified Residential Specialist – www.MyMurphy.comJohnPoltrock@gmail.com – Call Toll Free 1-866-687-7496

September – Best Month for Real Estate Sales in Murphy NC

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.
 

You must be a subscriber of The POLTROCK TEAM’s
Bi-Weekly Real Estate Update to get the Link to
the sold properties for the past 14 Days.
See sold prices, pictures, and descriptions of what’s sold!
Email John at JohnPoltrock@gmail.com and join our SOLD Update!

 

 
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.

The Poltrock Team’s Bi-Weekly SOLD Real Estate Update for Murphy NC – August 2009 Edition

Back to school! Even my daughter is excited to be back to school at Murphy Elementary – which is a true blessing! Schools are starting all over the United States, and as a result, folks are busy. Parents and grandparents alike are busy getting their children back into the “grind.” Every year, we see a drop in new buyers coming in for 2-4 weeks during August when schools are starting back.

Even with the “Back to School” effect, the past two weeks in the real estate market have been HUGELY impressive in Murphy NC! In the past 14 days, an astronomical TWENTY-SIX properties went under contract and are currently pending totaling upwards of $4.1 million in potential real estate transactions. Coupled with the 19 properties that have sold and closed in the past 14 days, which makes for a great August when over $2.7 million is already closed in a two week period.

Over the past month, the average selling price of a home has been fluctuating from $130,253 to $148,068. July yielded the highest average selling price at $188,683. With all this being said, it makes sense that 61% of our market activity has been on properties priced $175,000 and under. With that said, we’re seeing two “holes” in the real estate inventory where supply is dwindling.

  • Properties priced at less than $100,000 are selling very well – so well in fact that supply has dropped more than 36% in the past 12 months.
  • Properties priced from $125,000 to $150,000 have benefited from a 38.3% reduction in inventory in the past year.

Interestingly enough, our new system also finds developing demand as well as price points that do not have active buyers. For example, the price range of $300,000 – $325,000 has had no demand in the past year, indicating a need for homes in those ranges to get under $300,000, which is a significantly more active price range.

Land is another category that needs attention. In the first quarter of 2009, there seemed to be no buyers searching for land. In fact, it was the lowest land sales ever since July of 2002! With that being said, we had nowhere to go but up! Sales volume in land has literally more than doubled since then and Realtors are experiencing more land buyers than we’ve had this entire year. Sales have largely been attributed to tracts less than three acres. In fact, they account for 70% of the transactions and 55% of total land dollar volume.

You must be a subscriber of The POLTROCK TEAM’s
Bi-Weekly Real Estate Update to get the Link to
the sold properties for the past 14 Days.
See sold prices, pictures, and descriptions of what’s sold!
Email John at JohnPoltrock@gmail.com and join our SOLD Update!

Sold Home Statistics
(17 listings)

Low

High

Average

Median

Total

List Price

$69,900

$479,000

$205,666

$164,800

$3,496,325

Selling Price

$59,000

$475,000

$185,235

$160,000

$3,149,000

List/Sold(%)

79.81%

104.46%

90.21%

88.93%

Price/SqFt ($)

$0.00

$218.25

$91.10

$106.91

Days on Market

45

670

255

168

Sold Land Statistics
(6 listings)

Low

High

Average

Median

Total

List Price

$14,900

$218,020

$91,043

$48,525

$546,260

Selling Price

$11,100

$218,020

$108,337

$110,000

$650,020

List/Sold(%)

74.50%

318.69%

127.58%

91.47%

Days on Market

22

497

242

255

2009 is an exciting year for real estate and we look forward to a continually growing market. August has been a great month and we will continue to work for more to come! We appreciate your business very much, and if there’s anything we can do to help you or someone you know, please let us know! We’re in business because of you.

Written and researched by John Poltrock of The Poltrock Team at RE/MAX Mountain Properties can be reached at 877-837-3002 or by email at JohnPoltrock@gmail.com – You can read a summarized version of this article in the business section Murphy’s #1 Newspaper – The Cherokee Scout.

You can read previous editions of the Murphy NC Real Estate Market Solds and Update by Clicking Here

Rock Star Real Estate Investor – Cherokee Scout Newspaper Article

Here’s this week’s article for The Cherokee Scout – Murphy NC’s Main Local Newspaper. Enjoy!

Everybody knows who Rock Stars are – hugely famous and successful people in the music business. Different people come to mind depending on your generation. Some people think of Elvis, Buddy Holly, Bob Dylan, Led Zeppelin, Aerosmith, and even some new guys out today who are destined for fame.

Real estate has the same type of people – Rock Stars in their own right. Everyone knows Donald Trump, who is arguably the most famous investor of today. There are many others – Steve Wynn in Vegas, Donald Bren in California, and a list that continues on. In fact, you’ll find several billionaires who owe their fortune to real estate on the Forbes list of the 400 Richest people in America. Realistically, it’s hard to fathom a billion dollars – that’s one thousand million dollars, two hundred million Big Mac combos, just imagine that kind of money. That’s the fortune these men above have accrued through real estate investing.

The good news is you don’t need that much money to be an excellent real estate investor. They key to being a real estate investor is to buy smart, buy right, buy for the investment and not emotion, and don’t stretch yourself financially thin. There are thousands of people who have made themselves financially independent by buying one rental house at a time, and most of them weren’t their class valedictorian. Solid investments are all over the place, and you can find one to meet your own personal needs and goals.
It’s common not to plan for the future, and I find that more and more people don’t have the foresight to do so. You can easily leave the pack and plan for the future, all you need to do is have a bit of foresight, competent counsel, and act. Procrastination on something you know can positively change your future or that of your heirs is as dangerous as idle hands.

There are so many goals you can accomplish through real estate investing that are far more reliable and “real” than what most investment brokers lead you to believe. If you’ve ever been “pitched” a whole life insurance policy, you should know what I mean! STAY AWAY! Many annuities, mutual funds, and stocks are commission makers that are not in your son or daughter’s best interest. Some disreputable brokers use techniques that play on your emotions rather than your intelligence to make decisions for your loved one’s future. Diversification is extremely important, and you should consider an alternative.

Do you dream of your son/daughter going to college? How about them growing up to be a “Rock Star” brain surgeon, teacher, or fill-in-the-blank? Real estate offers so many options that can alleviate your stress in paying for their future. A rental house or a land parcel is a perfect way to invest for the long term.
Consider this simple math:

-Rental Home – $100,000 initial investment (read: purchase price), you have a $10,000 down payment (the minimum investment some whole life and annuities will take), and you obtain a mortgage loan for $90,000.  Your payment would be $594 on a 20 year mortgage at 5% – which is a 33% faster payoff than your average mortgage. Rental income – $600 would pay your mortgage, $750 would be profitable. Let’s say your son/daughter goes to college 10 years after you bought it – Here’s what you’ll have. At $600 per month on your $10,000 investment at only 8% appreciation per year – Equity of $159,892.50 – and someone else paid your mortgage. You don’t have to be the valedictorian to figure out that math works. If you run profitable rent at $750 per month (and factor in NO rental increases over the 10 years), you can stick a free-bie $18,000 in profit in your pocket or pay extra on your mortgage. If you pay extra, you’ll really blow out the formula and have a ROCK STAR amount of equity at a whopping $184,117.17. Your child can go to Yale on one stinking rental house.

-Let’s suppose you don’t want to fool with the trouble of handling renters and their problems because they “forgot” you’re actually supposed to put the shower curtain on the inside of the bath tub. That same $10,000 cash investment at, again, only 8% interest adds up to be an amazing $21,892.50. That will certainly pay for quite a bit of, well, anything.

Facts are facts, the unemotional numbers simply make sense and you too can be a real estate investor and amass your own fortune. If you don’t believe $100,000 rental houses exist or $10,000 land parcels aren’t out there, call me and I’ll have one for you. You and your child’s future depend on it.

Written By: John Poltrock, Certified Residential Specialist – The POLTROCK TEAM at RE/MAX Mountain Properties – Toll Free 1-866-Murphy-NC or 1-866-687-7496 – www.MyMurphy.com

John Poltrock is a Million Dollar Real Estate Agent in Murphy NC for 2008!!

Just released in today’s Cherokee Scout Newspaper, John Poltrock is in the Million Dollar Club for 2008! This means that he sold well over 1 million dollars worth of real estate in Murphy, North Carolina. He’s in the Top 5 Real Estate Agents in the Mountain Lakes Board of Realtors by transactions closed.

Contact The POLTROCK TEAM today by calling 1-877-837-3002 or emailing him at JohnPoltrock@gmail.com

Invest in the Mountains of Murphy NC – Especially Now!

With the Holiday season coming to a wrap and 2009 young and vibrant, we all are looking forward to a year of progress. President Obama’s term is getting ready to begin, and regardless of whether you are a supporter or not, I’m certain we are all hopeful for an improved economy and a prosperous nation.

Real Estate is a huge opportunity for investment prosperity as our economy continually shows signs of improving. Not only that, there are many choices for homes and land.  The hardest part is just picking which is your favorite! As Donald Trump said, “It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.” You’ll always be able to stand on it, touch it, enjoy it, and ultimately sell something that is real – not just a paper investment.

Real Estate is a low cost opportunity right now as interest rates are continually dropping. You should be certain to contact one of our many local lenders to find the opportunities in place right now. Feel free to visit our “Gotta Guy” list to find several local lenders (that’s our local recommended contractor list). Cost of ownership is extraordinarily low with very favorable county tax rates. For example, current rates for a home assessed at $200,000 will be in the neighborhood of $800 for the year. Homeowner’s insurance runs in the same neighborhood as well. If you purchase land, you shouldn’t need to pay insurance for it since your current homeowner’s policy should protect you for most things under personal liability coverage (be sure to check your own policy to see what specific coverage is offered).

There are many different types of real estate investments in Murphy NC available suitable to practically every budget. We have land opportunities as low as $10,000 and with sizes ranging from lots to parcels with thousands of acres. Looking for a home you can enjoy now or don’t want to build? We have brand new cabins and homes in the low 100’s, and from there, the sky is the limit. You can also search the Murphy NC MLS for free.

The investment standpoint is always a good way to look at it, and with a degree in financial planning, I tend to look that way first. Truth is, that’s only a very small portion owning a property in the mountains. Waking up with a warm cup of coffee overlooking a stunning mountain view is something you cannot even begin to put a price on. Living on a cool mountain river watching trout swim around catching flies is something that simply can’t be replaced. Sitting on a soft leather couch in the evening watching the sunset on the Appalachian Mountains right beside a crackling fireplace is of no comparison.

Now is the time to move from dreaming and to start planning. Come to Murphy! There are many great cabin rental companies and hotels to choose from so you can come and truly enjoy yourself. Curious about the area and want more information about weather, what to do, and more? Contact us and we’ll send you our FREE Murphy NC Information Packet; it’s filled with tons of information about the weather and climate in Murphy NC, things to do, and much more! And until you get here, keep dreaming of mountain views, comfortable weather with four seasons, and great people!

***Be sure to read this article in the January 2009 Edition of our local Cherokee County Newspaper, The Cherokee Scout. You’ll find it and our full page ad in Country Roads.***

John Poltrock, Certified Residential Specialist – Murphy NC – The POLTROCK TEAM at RE/MAX Mountain Properties – www.MyMurphy.com – JohnPoltrock@gmail.com – Call us Toll Free at 1-866-Murphy-NC or 1-866-687-7496.