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My website is a great resource!

by Mayes Harris Team

I thought The Charlotte Observer did a good job of highlighting the positive aspects of some of the real estate websites that are out there for consumers to use, the other day. 

Of course, you can always check out my website at www.mayesharrisrealty.com for my latest Listings, my monthly newsletter highlighting real estate trends and news, and my blog aimed at giving you information on real estate and other useful tips.  You can sign up for my monthly newsletter, sign up for a Market Snapshot report that analyzes the market in your neighborhood, and enter your home information to determine its worth – lots of valuable tools are at your disposal.

Check this out:

http://www.charlotteobserver.com/2012/03/22/3117994/a-guide-to-real-estate-websites.html#storylink=misearch

 

Mother Goose and Grimm Comics

by Mayes Harris Team

A couple of weeks ago, the Mother Goose and Grimm comic strip featured some real estate humor that gave me a few chuckles. 

Take a look at www.Grimmy.com starting on Monday, March 5th through Saturday, March 10th.

Peters, Mike. "Mother Goose & Grimm." Comic strip. Grimmy.com. King Features, 9 Mar. 2012. Web. 19 Mar. 2012.

This comic strip from Thursday, March 8th got me to thinking about the concepts of reverse mortgage and “being upside down” which is implied with the image of the dog house being upside down.  The character is talking about a reverse mortgage, and I just thought I’d point out that these are two very different concepts.

A reverse mortgage is a type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold.  After accounting for the initial mortgage amount, the rate at which interest accrues, the length of the loan and rate of home price appreciation, the transaction is structured so that the loan amount will not exceed the value of the home over the life of the loan. 
Often, the lender will require that there can be no other liens against the home. Any existing liens must be paid off with the proceeds of the reverse mortgage.

“Being upside down” is having negative equity which occurs when the value of an asset used to secure a loan is less than the outstanding balance on the loan. In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down".

People (and companies) may also have negative equity, as reflected on their balance sheets.  A fall in the market value of a mortgaged house or condo is the usual cause of negative equity. Negative equity in the owner-occupied market sometimes occurs when the owner obtains second-mortgage home-equity loans, causing the combined loans to exceed the home value. If the borrower defaults, repossession and sale of the property by the lender will not raise enough cash to repay the amount outstanding, and the borrower will both have lost the property and still be in debt.

Now that I’ve gone over a little “Mortgages 101” with you, take a look at this strip that might lighten the mood:

Peters, Mike. "Mother Goose & Grimm." Comic strip. Grimmy.com. King Features, 10 Mar. 2012. Web. 19 Mar. 2012.


 

Donald Trump visits Mooresville!

by Mayes Harris Team

Evidently, Donald Trump has offered approximately $7.1 million for the club at The Point in Mooresville, the upscale neighborhood located off Brawley School Road.  He is pledging to spend millions in capital improvements, but some residents and members of the club worry about how the club will change under the Trump brand.  Take a look at this article from the front page of the Charlotte Observer today:

http://www.charlotteobserver.com/2012/03/08/3078152/getting-the-point-trump-stops.html

The Point boasts gorgeous, large, million-dollar-plus homes overlooking Lake Norman, and Trump feels that despite the weak economy, "Charlotte has a great future.  I think the whole area is great.  The people, the energy," he said, according to the Charlotte Observer.

Check out the video embedded with the article, too!  http://www.charlotteobserver.com/2012/03/08/3079212/video-donald-trumps-visit-to-charlotte.html
 

Ceviche!

by Mayes Harris Team

As many of you know, my family and I got to go to Emeril’s new restaurant in Charlotte back in January, and it was fabulous. I am a huge fan of ceviche, and it happened to be on the menu, so I ordered it.  It was fantastic and I’ve been thinking about it ever since.  Here’s a recipe from Emeril’s website that I might just have to try at home (tonight!).

Ingredients

  • 12 ounces very fresh (sushi-grade) white-fleshed ocean fish, such as grouper, wahoo, sea bass, or red snapper
  • 1/3 cup fresh lime juice
  • 3 tablespoons fresh orange juice
  • 3 tablespoons pineapple juice
  • 1 1/2 tablespoons finely diced serrano pepper
  • 2 tablespoons finely diced yellow bell pepper
  • 2 tablespoons finely diced red bell pepper
  • 1 1/2 tablespoons minced red onion
  • 1 teaspoon minced garlic
  • 2 tablespoons chopped fresh cilantro leaves
  • 1 tablespoon good quality extra-virgin olive oil
  • 1/2 teaspoon kosher salt
  • 8 (3-inch) plantain chips
  • Lime wedges, for serving

Instructions

Cut the fish into 1/4-inch dice. Place in a glass dish with the lime juice, orange juice, pineapple juice, peppers, onions, and garlic, tossing to coat. Cover and refrigerate for 3 to 4 hours, stirring occasionally.

Add the cilantro, olive oil, and salt. Fold gently to mix. Serve ceviche in martini glasses and garnish with fried plantain chips and lime wedges.

Yield: 4 appetizer portions

 

Here’s the link:  http://www.emerils.com/recipe/7080/Ceviche

 

Do you like ceviche?  Give it a try and let me know what you think!  What Lake Norman restaurants serve good ceviche?

 

Displaying blog entries 1-4 of 4

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