Stay Informed on the Local Market

3 Things You Must Know About Hiring a Contractor in Hayesville NC, by Real Estate Expert Roger Mascali

If you're a seller or investor who wants to get the best price for your property, chances are at some point you're going to have to work with a contractor. In this article, we'll go over 3 essential things you must know about working with contractors to ensure the most affordable, most timely, and highest quality work.

Tip #1 - Be Very Specific

When you're requesting a bid or when you're talking about a job with a contractor, be very very specific about what you're looking for.

After you've agreed on a number, you should also be very meticulous about being specific in what you put in writing.

Taking this precaution will ensure you get exactly what you want, no more and no less.

Tip #2 - Find a Good, Reliable Contractor

Speak with several contractors before you decide on one for sure. Get a feel for the quality of the contractor's quality of work and integrity. Don't just decide based on price.

If your contractor is experienced, they should have references you can check. Check them.

Once you find a contractor you might want to work with, double check their license with the Secretary of State website. Remember, you're entrusting your property with this person, so it absolutely makes sense to do careful due diligence beforehand.

Tip #3 - Payment Tips

In general, it works in your favor to pay your contractor by project rather than by hours. A contractor can estimate how many hours it will take to complete a job, but that's just an estimate and the contractor can always exceed that estimate.

Rather than overpaying because your contractor billed by hour, agree to pay per project only.

Do not release payment until the job is complete. Once a contractor has been paid, often times they won't finish the job or the finished work will be of lesser quality. Even if the contractor asks, do not pay release payment for the job until the work is complete.


There is a lot of free information available to you about buying, selling or investing in Hayesville NC real estate. For complete information about the Hayesville NC real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville NC real estate at  Mtnpropertysales.com Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 828-557-9206 or email me at Mtnpropertysales@brmemc.net

Finding the best set of eyes to investigate your potential home requires some homework. Actually, a lot, but let’s start with the basics.

Finding a Hayesville NCHome Inspector

If you have a friend who also recently purchased a home, then chances are he’s had his home inspected by a Hayesville NC home inspector. You can ask him if there’s anyone he can suggest or if he knows the association or company to which his Hayesville NC home inspector belongs. If not, you can also try asking your real estate broker, but be wary when you resort to this because sometimes, when a Hayesville NC home inspector works closely with one agent in particular, it could be that your best interest might not always be in his mind. At any rate, you have another option.

One of the perks of the Internet is that you can find all sorts of information about almost anything in there. You can start looking for a Hayesville NC home inspector by checking websites operated by CREIA (www.creia.com) and ASHI (www.ashi.com).

These two sites actually include tips for consumers, Hayesville NC home inspector standards and practices and lists of members. It might be good if you hire a Hayesville NC home inspector, who is a member of a reputable association because their membership often comes with a very rigid set of rules that ensure professionalism in everything that they do. For one, some organizations require their Hayesville NC home inspector to pass a test. After that, they would have to meet continuing education requirements. And then, there are the standards of practice and code of ethics that they need to follow. All of this will help ensure that you are getting your money’s worth when you hire a Hayesville NC home inspector to examine your house.

What You Need to Know About Hayesville NC Home Inspectors

Most inspections take at least three hours for an average-sized house. The cost depends on the size of the potential home. Prepare yourself to spend at least $250 to $350. But if the house you are planning to buy is huge, then you might have to spend a little more than that.

Hayesville NC home inspectors are not required to do more than what their job entails, which is to make an objective and independent visual assessment of all its major components. So figuring out how to shut off the electricity, water and gas, and how to service smoke detectors may not be part of their job, but you can ask them questions pertaining to these.

It is always advised that you, the home buyer, are present while the Hayesville NC home inspector is making his rounds of the property. He will be looking through every aspect of the house, even going so far as going through crawl spaces, poking the cills and windows, and going up the attic. That much he is allowed. But if he starts disturbing or moving any personal belongings that come with the house, be forewarned: He is not allowed to do that.

There is a lot of free information available to you about buying, selling or investing in Hayesville NC real estate. For complete information about the Hayesville NC real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville NC real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer your queries. Call me on my cell at Hayesville NCor email me at Mtnpropertysales@brmemc.net

There is a lot of free information available to you about buying, selling or investing in Hayesville North Carolina real estate. For complete information about the Hayesville North Carolina real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville North Carolina real estate at http://www.MtnPropertySales.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

If you're a seller or investor who wants to get the best price for your property, chances are at some point you're going to have to work with a contractor. In this article, we'll go over 3 essential things you must know about working with contractors to ensure the most affordable, most timely, and highest quality work.

Tip #1 - Be Very Specific

When you're requesting a bid or when you're talking about a job with a contractor, be very very specific about what you're looking for.

After you've agreed on a number, you should also be very meticulous about being specific in what you put in writing.

Taking this precaution will ensure you get exactly what you want, no more and no less.

Tip #2 - Find a Good, Reliable Contractor

Speak with several contractors before you decide on one for sure. Get a feel for the quality of the contractor's quality of work and integrity. Don't just decide based on price.

If your contractor is experienced, they should have references you can check. Check them.

Once you find a contractor you might want to work with, double check their license with the Secretary of State website. Remember, you're entrusting your property with this person, so it absolutely makes sense to do careful due diligence beforehand.

Tip #3 - Payment Tips

In general, it works in your favor to pay your contractor by project rather than by hours. A contractor can estimate how many hours it will take to complete a job, but that's just an estimate and the contractor can always exceed that estimate.

Rather than overpaying because your contractor billed by hour, agree to pay per project only.

Do not release payment until the job is complete. Once a contractor has been paid, often times they won't finish the job or the finished work will be of lesser quality. Even if the contractor asks, do not pay release payment for the job until the work is complete.


There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at Great NC Mountain Homes. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 828-557-9206 or email me at MtnPropertySales@brmemc.net.

If you're a seller or investor who wants to get the best price for your property, chances are at some point you're going to have to work with a contractor. In this article, we'll go over 3 essential things you must know about working with contractors to ensure the most affordable, most timely, and highest quality work.

Tip #1 - Be Very Specific

When you're requesting a bid or when you're talking about a job with a contractor, be very very specific about what you're looking for.

After you've agreed on a number, you should also be very meticulous about being specific in what you put in writing.

Taking this precaution will ensure you get exactly what you want, no more and no less.

Tip #2 - Find a Good, Reliable Contractor

Speak with several contractors before you decide on one for sure. Get a feel for the quality of the contractor's quality of work and integrity. Don't just decide based on price.

If your contractor is experienced, they should have references you can check. Check them.

Once you find a contractor you might want to work with, double check their license with the Secretary of State website. Remember, you're entrusting your property with this person, so it absolutely makes sense to do careful due diligence beforehand.

Tip #3 - Payment Tips

In general, it works in your favor to pay your contractor by project rather than by hours. A contractor can estimate how many hours it will take to complete a job, but that's just an estimate and the contractor can always exceed that estimate.

Rather than overpaying because your contractor billed by hour, agree to pay per project only.

Do not release payment until the job is complete. Once a contractor has been paid, often times they won't finish the job or the finished work will be of lesser quality. Even if the contractor asks, do not pay release payment for the job until the work is complete.


There is a lot of free information available to you about buying, selling or investing in Hayesville NC real estate. For complete information about the Hayesville NCreal estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville NC real estate at Mtnpropertysales.com . Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 828-557-9206 

6 Tips for Picking a Real Estate Agent that has knowledge of horse propertyin

The kind of real estate agent you choose is important because they will be helping you in a time you will be risking your finances. They are there to make sure the moves you make are the right ones Your agent will be negotiating with you, educating you and helping you buy or sell your property. The most important thing you can do is to choose a real estate agent that has quality and experience. We will discuss the six necessary steps for picking an excellent real estate agent. market.

Tip #1 - Visit Their Website (Hayesville Horse Property)

Spend some time online and view the real estate agent's listings. Check out Hayesville horse property, You will be able to learn something about their business based on the website. This is where they’ll “showcase” the highlights of their service.
What qualities make them stand out from their competitors? For how long has the agent been around? Look at the agent's website and see what they have to offer.

Tip #2 - Trust your first impression

A working relationship with a real estate agent is based on trust. Trust that your agent is not just looking for quick commission but that they have your best interest in mind.
Frequently, your first impressions hit the nail right on the head. Do you think this individual is trustworthy? Do you feel comfortable doing business with this person? Most of the time, You will be able to answer these questions in a 15-30 minute long conversation.

#3 Tip - Thinking About What Your Marketing Plan Will Be (Seller) or negotiation strategy (Purchaser) for me?

A good real estate agent will adhere to a strategy that will land you the best price that the market can bare, whether you're in the market to buy or to sell.
When you’re considering working with an agent, ask them: What will be your marketing plan or strategy for negotiating for me?

The Fourth Tip- Seek out a real estate agent that is a Horse property Expert
If you’re looking for an agent in the area, generally you want to work with someone who knows the area very well. Make sure your agent has been local for some time and has completed several transactions in the local real estate market. Real estate values will differ according to the location of a property and your agent will know the general market prices of a particular area.

#5 Tip - How Accessible Will They Be?

What kind of experience will it be working with them?
At what times is your agent available to you? Will you be dealing directly with your agent, or will you have to go through an assistant every time? How much of a delay will there be every time you schedule an appointment? Is it possible to call a few days in advance, or is it necessary to schedule an appointment a week in advance?

You should be fully aware of what it's like to work with your agent before deciding to continue.

Tip 6 - Is You Agent Able to Make References Available?

Satisfied clients will oftentimes provide references, letters of recognition or a phone number where other potential clients can call to see what it was like working with this agent.

If your agent has been in business for some time, they should have some references you can look at. Make sure you research the references of the agent if you are going to work with them.

If it happens that you are thinking about an agent from the area, it’s important to work with someone who’s experienced and knows the local market. If you don’t already have an agent, feel free to give me a call for a free consultation on buying or selling your home. You can call me right now at 828-557-9206 or [Pofile.email_link].

There is a lot of free information available to you about buying, selling or investing in Hayesville North Carolina real estate. For complete information about the Hayesville North Carolina real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville North Carolina real estate at http://www.MtnPropertySales.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

In the 1980s baby boomers didn't save money. Instead, they bought expensive items, such as luxury cars, and took extravagant long-distance vacations. But for the last decade, because of consumer satiation and the responsibilities of raising a family, these couples are starting to play it more carefully. They're investing--rather than just spending--their income. And one logical step, is to invest in a second home in Hayesville NC
Households that are headed by someone who's between the ages of 45 and 54 own the largest share of vacation homes (households that are headed by someone between the ages of 55 and 64 years of age own the second-largest share). This suggests that the baby-boom generation is just entering the prime years for ownership.

Nationwide, 22.8 million households that don't own recreational property say that there's some likelihood they'll purchase such property in the next 10 years, and 13.5 million of those households indicate that there's "a 50-50 chance or better" that they'll buy recreational property in the 1990s.

The recession in 1973 and 1974 was a harbinger of the upsurge in the primary house market during the late 1970s. That was the result of baby boomers going from one life stage to another, buying their first home. The recession of 1982 and 1983 preceded the surge in demand for upscale housing in the late 1980s, as baby boomers traded up.

When the boom hits, market within 100 miles or so of a major urban area such as Hayesville NC are likely to be the biggest beneficiaries. Middle-aged baby boomers with children aren't interested in long trips anymore, even when the trips are taken in Volvo station wagons and BMWs.

Many of the baby boomers are buying second homes in anticipation of retirement. Some of them are financing their second homes by borrowing against or cashing in securities and taking out five-year balloon mortgages. Such buyers plan to sell their principal homes someday and use the proceeds to pay off the mortgages on their country homes--thus retiring without debt. This type of money management is likely to have a large appeal in these uncertain economic times.

Now is definitely the time to buy. So, you can still beat the crowds into the second-home market--before the baby boomers' boom hits.

There is a lot of free information available to you about buying, selling or investing in Hayesville NC real estate. For complete information about the Hayesville NC real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville NC real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 828-557-9206 or email me at Mtnpropertysales@brmemc.net

There is a lot of free information available to you about buying, selling or investing in Hayesville North Carolina real estate. For complete information about the Hayesville North Carolina real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville North Carolina real estate at http://www.MtnPropertySales.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

Three Things you should Know About Hiring a Contractor in , by property Expert Roger M. Mascali

In this article, we'll go over three necessary things you need to know about working with contractors to guarantee the most cost-effective, most timely, and highest quality work.

Tip one - Be Extraordinarily Express

When you are asking for a bid or when you are talking about a job with a contractor, be extraordinarily really explicit about what you're trying to find.

After you have concluded on a number, you need to also be very meticulous about being explicit in what you put in writing.

Taking this care will guarantee you get precisely what you need, no more and no less.

Tip two - Find a Good, Trustworthy Contractor

Get an understanding of the standard of the contractor's quality of work and integrity. Don't just decide based mostly on cost.

If your contractor is experienced, they should have references you can check. Check them.

Once you find a contractor you may need to work with, double check their license with the Secretary of State internet site. Remember, you're trusting your property with this person, so it fully makes perfect sense to do careful due diligence previously.

Tip Three - Paying a Contractor

In general, it works in your favor to pay your contractor by project rather than by hours.

Rather than overpaying because your contractor billed by hour, agree to pay per project only.

Once a contractor has been paid, often times they will not finish the job or the completed work will be of lesser quality. Even if the contractor asks, don't pay release payment for the job till the work is complete.

There is plenty of free information available to you about purchasing, selling or investing in property.

There is a lot of free information available to you about buying, selling or investing in Hayesville North Carolina real estate. For complete information about the Hayesville North Carolina real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville North Carolina real estate at http://www.MtnPropertySales.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

It's a hard fact but although lenders may be friendly, they are not your friend. This doesn't make them bad; it just means that they - like you - are engaging in business, not social relations. Though they will often decide in your favor on a borderline case if you have a long-term working relationship, this is not charity, but an intelligent business judgment. They have good reason to believe you will be able to repay the loan at a profit to them.

That last sentence is key to understanding — and avoids much frustration with — lenders. They need assurance that the loan will be repaid and they need some reasonable expectation they will make a profit. A lender will try to fulfill those two criteria the same way anyone would — by looking at past history and current facts.

Past history means: Credit history, including number and size of loans taken out, repayment history and so forth. FICO scores and other hard data are available in abundance and will be looked at.

It also includes income history — how much profit have you made on other investments and over how long a period? They'll examine income statements and at least three years of tax returns. They'll want a full accounting of outstanding debt and any legal judgments gained or issues in progress.

Overall, this is summed up in one word — experience. Have you previously shown you can and will repay a loan, which requires not only good character but good business judgment? Real Estate is a tough market, there's a lot of competition because there's a lot of potential for making money. The lender will want to know you can make some, so they will too.

Current facts get examined with equal care. The lender will examine the appraised value of a property on which they're considering loaning money. Banks as a rule do not lend based on collateral, they are looking for cash flow and positive income. They'll usually finance no more than 75% of the appraised value of the property.

Most lenders will put a limit of 50% LTV (Loan-to-Value) on undeveloped land, for example. If the property contains commercial structures, they'll want to know what income can be expected from those businesses — whether it's in the form of rent from a multi-dwelling apartment complex or lease income from small business owners.

And, of course, profit is income retained AFTER expenses, so they'll need to know how much it costs to maintain the land and commercial structures. Insurance, repairs, taxes and a host of other costs come along with any property ownership. The lender will want to know you can pay these AND pay their interest charges.

Most lenders will strive for shorter repayment periods, 20-year fixed is on the long side for many investment loans, and often a balloon payment after five or ten years is required. Longer terms benefit you because you can avoid paying for new appraisals, origination fees and other financing costs.

If your lender seeks a shorter period, you should try to arrange re-pricing at the end of five years, rather than having to come up with a large amount of cash. Something along the lines of "prevailing prime rate plus a 1% premium" is often an acceptable alternative.

Lenders may not be your friend, but neither do they have to be an enemy — they can be a kind of partner. Keep in mind, everything is negotiable.

There is a lot of free information available to you about buying, selling or investing in Hayesville NC] real estate. For complete information about the Hayesville NC] real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville NC real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at 828-557-9206 or email me at Mtnpropertysales@brmemc.net

There is a lot of free information available to you about buying, selling or investing in Hayesville North Carolina real estate. For complete information about the Hayesville North Carolina real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville North Carolina real estate at http://www.MtnPropertySales.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

How a Real Estate Agent Gets a Licence, by Roger Mascali, Real Estate Expert in Hayesville NC

If you have been considering buying or selling real esate in the area you may have been wondering why you need a real estate agent, and how they get their qualifications. It is important to know how trained and educatd this person who is sitting in front of you really is. You are, after all , about to engage in a serious financial decision. Maybe the biggest one of your life.

Any real estate agent must be licensed in order to work on your behalf. The licensing requirements vary from state to state, however they are quite similar in many respects. In most states the minimum age for acquiring a licence is nineteen, and the minimum education required is a high school diploma.

When the minimum requirements have been met, a person can go on and get pre-licence training. There are real estate schools that offer this traing, and it can also be achieved online. There are various time limits for completing this study, and some studnt take up to a year to get their pre - licence.

A few of the topics covered include:

real estate law

owner transfership

deeds

contracts

Following this training the student must pass a state approved examination. More study must be done with courses that are state - approved.

You can see that your agent has been well trained to best serve your interests when buying or selling property in.

6 Tips for Picking a Real Estate Agent in Hayesville North Carolina

The kind of real estate agent you choose is important because they will be helping you in a time you will be risking your finances. They are there to make sure the moves you make are the right ones Your agent will work closely with you, assisting you and helping you to learn as you buy or sell your real estate. It is imperative that you select a great real estate agent. This article will focus primarily on six of the most helpful tips for choosing a good real estate agent in the Hayesville North Carolina market.

Tip #1 - Visit Their Website

Spend some time online and view the real estate agent's listings. You will be able to learn something about their business based on the website. This allows them to display the most flattering parts of the services that they provide.
What makes them different than everyone else competing for your business. How long have they been in business? Look at the agent's website and see what they have to offer.

Tip #2 - Trust your first impression

A working relationship with a real estate agent is based on trust. You should be confident that your agent will not just be interested in a quick-and-easy commission but will have your best interests as their top priority.
Often times your first impressions will be dead on. Do you think this individual is trustworthy? Do you feel comfortable doing business with this person? Most of the time, You will be able to answer these questions in a 15-30 minute long conversation.

Tip #3 - What will be your marketing plan (Seller) negotiation strategy or Buyer for me?

Whether you're purchasing or selling, a good real estate agent should be able to get you the best possible price.
When you’re considering working with an agent, ask them: What will be your marketing plan or strategy for negotiating for me?

Fourth tip: Be sure to work with a Hayesville North Carolina Professional expert. If you’re looking for an agent in the
Hayesville North Carolina area. You will want to make certain that the person you are working with is familiar with the area in which you are working in. Make sure your agent has been local for some time and has completed several transactions in the local market. Your agent should have a good idea of the approximate home values in all the different areas of the city.

#5 Tip - How Accessible Will They Be?

Working with them what will be like?
What hours does your agent work? Will you be dealing directly with your agent, or will you have to go through an assistant every time? When you schedule an appointment, what is the expected waiting time? Can you call up a couple days before, or do you have to make an appointment a week in advance?

You should be fully aware of what it's like to work with your agent before deciding to continue.

Tip #6 - See if your agent is able to provide a reference

To get a better idea of the style of the agent, look for signs of approval in the form of referrals from other customers.

If your agent has been working for the company for awhile now, they should have several references for you to see. Be sure to check on these references to be sure that your agent is someone you wish to work with.

If you’re considering an agent in the Hayesville North Carolina area, it’s important to work with someone who’s experienced and knows the local real estate market. If you don’t already have an agent, feel free to give me a call for a free consultation on buying or selling your home. You can contact me at 828-557-9206 or [Pofile.email_link].

There is a lot of free information available to you about buying, selling or investing in Hayesville North Carolina real estate. For complete information about the Hayesville North Carolina real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville North Carolina real estate at http://www.MtnPropertySales.com. Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions

How to Choose a Reputable Builder in Hayesville NC. by Roger Mascali, Hayesville NC Real Estate Expert

Unfortunately not all builders are reputable.  Luckily there are measures a buyer can take to reduce the chances of hiring a shady home builder.

The first step towards finding a reputable builder in the Hayesville NC area is to hire a real estate expert.  The professionals at Advantage Chatuge Realty can help you find a builder to meet your needs. 

Licenses and Credentials
The government and industry associations have set up a system of checks and balances to evaluate those individuals who call themselves home builders.  Successful completion of requirements by these agencies will result in a license or designation by the association.  A quality builder will have these credentials and make them available for your review.  They include licensing by the state they operate in and certification from groups and associations they are members of.  Another precaution to take is to go to the Hayesville NCbuilding inspector and ask questions.  Is the building inspector familiar with this builder?  Does this builder pull the proper permits needed?

Consumer Protection Groups
Be sure to contact the Better Business Bureau to learn if there are any complaints against any builder prior to hiring them.

References
One of the most obvious measures you can take to evaluate a builder’s reputation is to check out their references.  Even unscrupulous builders will have a list of references.  The shady builders bank on the fact that most clients will not take that extra step to actually contact the people on the reference list.  Don’t be fooled!  Do your homework and check out their references.  Contact people who have used this builder recently as well as clients from several years ago.  Find out if they are still happy with builder after being in the home for a while.  Ask the people on the reference list if they would hire the builder again.  Contact any subcontractors to make sure the builder pays his bills on time.

Works in Progress
Visit job sites the builder is currently working on.  Make observations about the overall look of the project as well as how it is being run.  Does the job site look organized?  Are the workers productive and efficient?  Evaluate the overall quality of the workmanship.

Financial Issues
Determine how long the builder has been in business in the Hayesville NC area.  Make sure they have adequate financial backing to complete your job as well as other jobs currently under contract.  After all, you don’t want a builder to go bankrupt in the middle of your new construction project.  Ask what kind of insurance the builder carries.  Are they bonded?  Do they have insurance for their workmen?  Obtain a detailed list of what is included in the builder’s price.  Ask if any guarantees are provided.  A reputable builder will put this in writing.

Free information available to you about buying, selling or investing in Hayesville NCreal estate. For complete information about the Hayesville NC real estate market including new home construction, current homes for sale, property values and more please visit the most complete website online dedicated to everything Hayesville NC real estate at Mtnpropertysale.com   Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions. Call me on my cell at 828-557-9206 or email me at Mtnpropertysales@brmemc.net.
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One of the many dire predictions done these past few months by many Hayesville NC & Hiawassee GA  ‘bubbleologists’ out there -

that is all those who indulge in the contemplation of bubbles in the Hayesville NC & Hiawassee GA real estate market of all sizes and colors, whether real or imaginary, coming our way - was that by now real estate markets everywhere would be inundated and swept away by a tsunami of foreclosures of apocalyptic proportions.

The general rationale among those specializing in the fine art of staring at crystal balls (or perhaps at several empty bottles of rum) was that the steady increase in interest rates, the consequence of a tightening monetary policy implemented by the Fed since mid-2004, would have led by now to a collapse of the adjustable-rate mortgages (ARMs) market, since consumers could not possibly cope with the increased monthly payments. This, in turn, would dramatically increase mortgage defaults and foreclosures, with the end result that real estate markets everywhere would be flooded with excess inventory at deflated prices, thus causing markets to crash - the tsunami I was talking about.