Beverly-Hanks & Associates REALTORS® Asheville Real Estate | Hendersonville Real Estate | Waynesville Real Estate | Lake Lure Real Estate | Brevard Real Estate

Show us the most beautiful homes in WNC all decked out for the Holidays!

Interior or exterior photography both work, but be sure the picture(s) are high enough quality that they can be used in print advertising.

How it works:
Submit your photo(s) to the marketing department via email (marketing@beverly-hanks.com) for inclusion in the Holiday Photo Contest.

Be sure to include the subject’s address in your email and obtain verbal permission from the home owner.

Marketing will upload photos to the Beverly-Hanks Facebook page in both the news feed and the 2011 Holiday album.

Photo submissions will be accepted until December 16th.

Be sure to encourage everyone you know to vote for their favorite by “liking” the photo. The deadline for voting will be Monday, December 19th at 8am est.

The three homes that receive the most number of “likes” will win a gift certificate to one of the area’s finest landscaping nurseries and be featured in Christmas morning advertisement in the region’s newspapers.

Prizes will be awarded for 1st $125, 2nd $75, and 3rd $50 places.

For more information contact the Beverly-Hanks & Associates, Marketing Department, (828)258-6376.

Several Obstacles Prevent Home Buyers From Biting

(NICK TIMIRAOS)of online.wsj.com

Home prices and mortgage rates have fallen so far that the monthly cost of owning a home is more affordable than at any point in the past 15 years and is less expensive than renting in a growing number of cities.

The Wall Street Journal’s third-quarter survey of housing-market conditions in 28 of the nation’s largest metropolitan areas found that home values declined in all but five markets compared with the second quarter, according to data from Zillow Inc. Meanwhile, rent levels have risen briskly across the country and mortgage rates, hovering around 4%, are the lowest in six decades.

To read the entire article CLICK HERE

In today’s real estate market, it is easy to get confused.

There seems to be an overabundance of information and much of it seems to be conflicting. As an example, we offer you two headlines that appeared within 24 hours of each other last week.

National Delinquency Rate Falls to Lowest Level in Three Years

- Mortgage Bankers Assoc. 11/17/2011

Second Consecutive Increase in First Mortgage Default Rates

- Standard & Poors 11/18/2011

(Remember, foreclosures impact home values and the cost of mortgage money. This makes current delinquency rates an extremely important data point.)

Though these headlines seem to be saying opposite things, both are actually correct. Each report was looking at different data points over different periods of time. In their article regarding the MBA report, DSNews explains:

“Industry data released Thursday indicates the number of borrowers in the United States behind on their mortgage payments is showing signs of improving. The Mortgage Bankers Association (MBA) reported that the national delinquency rate for residential home loans fell to 7.99 percent in the third quarter.”

In their post, S&P claims:

“First mortgage default rates rose from 1.99% in September to 2.08% in October.”

Bottom Line

Make sure you are dealing with local real estate and mortgage professionals. They will help you and your family decipher the hordes of information available so you can truly understand your best options. Beverly-Hanks & Associates, Realtors and Beverly-Hanks Mortgage Services are available to meet with you in person at one of our many offices in the Western North Carolina, Asheville, Hendersonville, and Waynesville Regions.

A Unique Way For Finding Real Estate In Western North Carolina.

There are many ways to live in Western North Carolina. In fact we believe that this is one of the reasons why the region is so popular. It is just as easy to live a private rural lifestyle in Waynesville as it is to live in a condominium building overlooking bustling Asheville or to live in a master planned community in Henderson County that is artfully designed from its inception or enjoy the charm of a historic neighborhood like Biltmore Forest.

We created a series of videos to help people find the lifestyle that is the best fit for them. Whether you’ve called the region home for a lifetime or you are just learning about us. We hope the videos help you to discover how you can “Live the Life You Choose” in Western North Carolina.

Rural Lifestyle

We hope you have enjoyed this week’s showcased lifestyle, Rural.

To learn more about the many lifestyle choices available in Western North Carolina or to obtain more information about real estate in the area visit beverly-hanks.com or call 866-858-2257.

It’s official. On November 1st, Beverly-Hanks & Associates opened its new Real Estate Discovery Center at 1 Town Square in Biltmore Park.  The construction phase of the build-out came in on schedule in just a little more than 75 days.

Inside the new Real Estate Discovery Center, the sights, sounds and possibilities of a life in the mountains of Western North Carolina come alive. Nestled within South Asheville’s bustling Biltmore Town Square, it is a real estate office that is like no other. It feels like your own living room, with comfy couches, coffee brewing, and a fireplace.

With the opening of its 7,000-square-foot Discovery Center, Beverly-Hanks & Associates is reinventing the modern-day residential real estate office. It’s real estate in surround sound, where the latest technology provides a visual feast of the entire Western North Carolina area in a comfortable, conveniently located setting. The company transformed its existing office in Biltmore Park Town Square to create the expanded Discovery Center, also relocating its Hendersonville Road office there.

“The new Discovery Center provides consumer-friendly property research tools at your fingertips in a personalized, media-rich environment, where real estate experts can answer your questions in a relaxed, casual environment,” says Neal Hanks, president of Beverly-Hanks Associates. “Whether you’re new to the area or a current resident, the Discovery Center is an efficient, enjoyable place to begin your search.”

Live The Life YOU Choose

Videos introducing the various lifestyles available throughout WNC are just one of media resources that are now available through the Real Estate Discovery Center.

2011 Third Quarter Market Report

Beverly-Hanks & Associates

The latest real estate market news for Western North Carolina all contained in one easy to read report. Be sure to look at the data in our new section dedicated to “distressed sales” throughout the seven county region.

Survey: 401(k) ranks near homeownership as favored long-term investment

BY INMAN NEWS, THURSDAY, SEPTEMBER 22, 2011.

Editor’s note: The results of a biannual survey, released this week by real estate search and marketing portal Trulia, found that 80 percent of homeowners plan to buy another home, and that most survey participants view homeownership, and placing money in a 401(k) or other retirement account, as the best long-term investments. Market research firm Harris Interactive conducted the survey, which drew responses from 1,392 homeowners and 758 renters, from Aug. 30, 2011, to Sept. 1, 2011.

We are often asked “Is it time to sell my home?” The answer to that question is based on what your families’ goals are. If you don’t need or want to move for a few years it might make sense to wait for the housing industry to recover and prices to appreciate. However, if you wish to move within the next six to eighteen months, it is probably better to sell sooner rather than later. Here are five reasons why:

Your House Will Get More Exposure Now Than the Winter

Housing sales usually level off in the summer and then regain momentum in September and October. The spring buyers’ market has passed. Don’t miss the early fall market. It has consistently outperformed the winter season.

Distressed Properties Will Impact Prices

Distressed properties (foreclosures and short sales) on the market will increase this fall and winter. This will put tremendous downward pressure on prices for at least the next 12-18 months. Get your home sold before they become your competition.

To learn the other three reasons why now is the time sell your home: CLICK HERE

Need help selling your home? click here

BMW Ultimate Lunch Series

Get the facts, Neal Hanks, President of Beverly-Hanks & Associates interprets the latest real estate information to fill you in on the local performance trends at the BMW Ultimate Lunch Series in the Grand Bohemian Ballroom.  Lunch is provided by Red Stag Grill.

If you have a local real estate question, you would like Neal Hanks to consider answering send us your question via Facebook and Neal will answer your question at the BMW Ultimate Lunch.

Tickets are only $30 and benefit Eblen Charities.  Learn More and Purchase Tickets  or Text TRUST to 7700 for a link to pay on your smart phone. For questions or assistance purchasing tickets, please call Stephanie Shimpan at 828.2586347.

by Carla Hill

Real estate is in a holding pattern. Professionals and sellers, alike, keep looking for signs that the market will beat what ails it. This week, though, saw sales declines, flat commercial vacancy rates, as well as meager new home sales.

There is a bright spot in all of the recent figures. Pending homes sales grew substantially year or year from 2010, up 14.4 percent as a whole. Some regions fared much better, such as the West, which is up 20.6 percent over July 2010. The Midwest also saw double-digit growth and is now 18.8 percent above July 2010.

What is holding back growth in this quarter, however? Pending home sales declined in July by 1.3 percent from the month prior. Some experts blame the stall on the continued mortgage mess. Limited access to credit has buyers sitting on the sidelines. Fewer buyers translates into less demand, which in turn translates into falling prices.

FULL ARTICLE

To assist consumers with making as educated decisions as possible, Beverly-Hanks & Associates prepares a Market Report each quarter.  The 2nd Quarter Market Report is still available at beverly-hanks.com. To learm more about what is happening to values and the sales pace in your neighborhood, contact our Customer Service Department.