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NC Retirement Community Offers Activities and Leisure

by Pistol Tingen

Greenville, NC offers an excellent option for those looking for a retirement community that provides a full spectrum of services and conveniences. 

Cypress Glenn is a United Methodist continuing care retirement community located in Greenville, NC within Pitt County.  The community is managed by Life Care Services LLC, a national leader in senior housing.  The 91-acre campus features spacious, well-designed residences, including cottages, apartments, suites and private rooms.

The diverse community offers a café for casual dining, a gift shop, a wellness center/exercise facility, an aerobics pool, a chapel, an arts and crafts room, a library and a beauty parlor and barber shop.

Residents can take advantage of total access to a full continuum of health care--including a clinic, assisted living, memory care, independence plus care and skilled nursing.  A full safety and security force offers residents peace of mind.

At Cypress Glenn, residents enjoy a retirement lifestyle as active as they choose.  A wealth of educational, cultural, social and spiritual activities is always available on the Cypress Glenn campus. Conveniently located, Cypress Glenn is just minutes away from East Carolina University (ECU), Pitt Community College (PCC), The Brody School of Medicine and Pitt County Memorial Hospital (PCMH).

Whether looking for the perfect retirement community for yourself or a family member--or if you have any other real estate needs, The Pistol Tingen Team would be pleased to be your real estate source in Greenville, NC. Call us at 252.321.6161 with questions or for assistance.

Foreclosures as Investment Properties

by Pistol Tingen

With the growing availability of foreclosure properties, many bargain shoppers are thinking about buying one of these “lender-owned” homes. Some of the would-be buyers, though, worry about purchasing a house filled with unknown problems.  When asked for her advice, money-savvy investment expert, Walecia Konrad gave the following advice.

“More properties than ever are in foreclosure, and the number may climb—to 2.5 million by the end of 2009, according to Lehman Brothers. But auctions on the courthouse steps, where speculators pay cash on the spot for homes they probably haven’t inspected, aren’t the place to buy.

Better to try the aftermarket, says Lawrence Yun, chief economist for the National Association of Realtors. Some of the best deals are found in what goes by the awkward term real estate owned or REO homes. These are properties that did not sell at auction and are then put back on the market by the lender. So you can inspect them as you would any home, discover any problems or liens, and know what you’re getting into.

With the glut of properties for sale, Glen Daniels, director of REO sales at Foreclosure.com says that lenders have become very motivated sellers. Daniels also stated that he’s routinely seeing 20 percent discounts on these properties.

Such online services (including ForeclosureS.com and RealtyTrac) collect data on foreclosed and lender-owned homes, then sell access to those listings for a fee, usually about $40 to $50 a month. And there are state-and region-specific sites such as ForeclosuresNH.com.

A real-estate agent who specializes in lender-owned properties can also help you find REO homes. Quiz any brokers you approach on how, and how quickly, they learn of bank-owned property coming to market.”

For both Pitt and Greene counties--which covers Greenville, NC and surrounding communities, all FannieMae Foreclosures are marketed through The Pistol Tingen Team.  Experts in directing home buyers through the maze sometimes associated with lender-owned homes, The Pistol Tingen Team is always the first contact to be made aware of FannieMae properties. (FannieMae has a federal charter and operates in America’s secondary mortgage market to ensure that mortgage bankers and other lenders have enough funds to lend to home buyers at low rates.)

If you have a question about area FannieMae foreclosures or other foreclosures currently on the market, call The Pistol Tingen Team at 252.321.6161.

Record Your Home Inventory

by Pistol Tingen

Now there's no longer a good reason to put off recording your home inventory for insurance purposes.  Whether you're a first-time home owner or on your fourth home and considering a relocation, cateloging a room-by-room record of your personal posessions has never been easier--thanks to a free download from the Insurance Information Institute.

The Know Your Stuff Home Inventory software (Windows and Mac OS X) is a full featured tool for itemizing your posessions in case disaster should strike. Wizards guide you through the basic setup of your inventory, then using Know Your Stuff's simple interface you can add rooms and items to the inventory.  For each item you enter you can assign photos, receipts or appraisals, make/model/serial number, quantity, and replacement cost.

Don't know how to get started? It's simple!  There are easy to follow guides and prompts to help you get started on the Know Your Stuff website.  This site is especially helpful if you've never done a home inventory before and aren't sure where to start or what to include. 

Once you've created your home inventory record, you may want to take advantage of additional security measures offered by Know Your Stuff.  Through your application you can export the file you've created and save it to external media or to a remote location, upload the file to Vault 24 (a remote backup solution integrated into the software, which unfortunately costs $15 a year), or you can go the old fashioned route and print the inventory and store it in a safe location.

The Know Your Stuff Home Inventory software is a  free download for Windows or Mac. And don't forget as you're conducting your home inventory, if you have any home or real estate-related questions that come to mind be sure to contact The Pistol Tingen Team.

Housing Market Outlook - National and Greenville, NC

by Pistol Tingen

 

Earlier this month, the  National Association of Realtors® reported that a modest near-term movement is expected in existing-home sales, with a recovery in sales seen during the second half of the year. 

Other information that the NAR shared regarded the Pending Home Sales Index—a forward-looking indicator based on contracts signed in May. The index fell 4.7 percent to 84.7 from an upwardly revised reading of 88.9 in April, and remains 14.0 percent below May 2007 when it stood at 98.5.

Lawrence Yun, NAR chief economist, said some pullback after a sharp increase in the previous month was expected. “The overall decline in contract signings suggests we are not out of the woods by any means. The housing stimulus bill that is still being considered in the Senate is critical to assure a healthy recovery in the housing market, jobs and the economy,” he said.

It’s no surprise that Yun said location has never mattered more than in the current market. “Some markets have seen a doubling in home sales from a year ago, while others are seeing contract signings cut in half. Price conditions vary tremendously, even within a locality, depending upon a neighborhood’s exposure to subprime loans.”

As the NAR President, Richard Gaylord pointed out, this market offers immediate benefits and long-term value for many buyers.  “Home are getting a great deal right now. Although inflationary expectations appear to be under control the time being, sharper consumer price gains could lead to notably higher mortgage interest rates in 2009.”

Based on current indicators, the 30-year fixed-rate mortgage is forecast to rise gradually to 6.5 percent by the end of this year, and then hold at that level for most of 2009.

Greenville, NC—Pitt County     

Locally, the Pitt County area remains a market  less adversely  affected by the extreme reactions to the subprime loans. Generally speaking, the Greenville, NC area is still somewhat insulated from the harshest aftershocks felt by many areas of the country.

No matter how insulated our market is, though, unfortunately we are not immune. According to recent statistics from the Pitt County-Greenville, NC Board of Realtors®  Multiple Listing Service (MLS) statistics, single family house sales are down 20% YTD Jan-June, as compared to last year for the same period. Townhouses are down 28.8% and Condos are down 36.7%. Keep in mind Jan-June was the best half of 2007 for sales.

In many instances, our insulation factor relies on individuals relocating to Pitt County—for a variety of reasons. And quite often, these same individuals are left owning a house that won’t sell in the upside-down market they’re leaving behind.

So indirectly, their market affects our market. No matter how much the  newcomers would like to become Pitt County homeowners, they’re forced to delay purchasing in Greenville, NC—often, renting a house or apartment instead.

Not surprising, another trend the  Pitt County area is witnessing  is a sharp increase in sellers renting their houses. As a direct result of the soft housing market in the Greenville, NC  area, houses are not selling at the price or pace they have in the past. 

Depending on their situation, some sellers must choose to either rent or sell at a sales price lower than hoped for and move on, while other sellers are electing to wait until the market  returns to  where it meets their expectations.

Affecting both the national and our local housing market, uplifting news seems to be on the horizon. A newly released survey commissioned by Move, Inc., a leader in online real estate, revealed that nearly half of all home buyers (44%) believe the housing market will improve once the new President takes office in January 2009.

And despite some reservations about perceived barriers such as the cost of down payment, the survey indicates  underlying demand for homeownership is healthy. Survey statistics also reveal that nearly half (41%) of current homeowners plan to purchase a home again, and 80% of all renters plan to purchase a home someday with 47% planning to purchase a home within the next five years.  Perhaps the most encouraging fact of the survey reveals that homebuyers are more than willing to make sacrifices to afford down payments in order to purchase a home, maintaining that homeownership continues to be the American dream.

Looking for A Great Place to Work or Retire?

by Pistol Tingen

Pitt County Memorial Hospital is one of four academic medical centers in North Carolina and is the flagship hospital for the University Health Systems of Eastern Carolina.  PCMH serves as the teaching hospital for the Brody School of Medicine at East Carolina University.  Additionally, PCMH is a regional resource for all levels of services, information and careers.

Pitt County Memorial Hospital acts as a referral center and provides acute, intermediate, rehabilitation and outpatient health services to more than 1.3 million people in 29 counties.  Each year, approximately 33,000 inpatients and more than 266,000 outpatients are treated in the PCMH facilities. Over 3,000 babies are born here in an average year.  The clinical staff includes more than 500 physicians and 1,200 nurses.

Moreover, clinical education is an important part of the PCMH mission and helps demonstrate its commitment to the community. Pitt Memorial is a teaching site for medical students and residents, nurses and other health professionals.

When chosing the ideal city for purposes of either endless career possibilities or outstanding health care resources, Greenville, NC is your choice. With a stellar community hospital such as PCMH, Pitt County, Greenville, NC is an obvious winner.

 

 

 

Pitt County Special Olympians Win

by Pistol Tingen

An inspiration to all, the Special Olympics athletes from Pitt County in Greenville, NC competed earlier this month in Raleigh, NC for the North Carolina Special Olympics Summer Games.

With a winning spirit and brave efforts, the 15 Pitt County competitors brought home to Greenville, NC over 30 ribbons and medals.  The Pitt County athletes are part of the Special Olympics Movement that includes more than 2.25 million athletes who train and compete in 30 sports through more than 200 programs in over 160 countries around the world.

The Pitt County athletes who competed and demonstrated an inspiring level of courage and success are named below along with their awards:

  • Anthony Paul Bartlett:  2nd place 25-yd. butterfly, 5th place 50 yd. freestyle, 3rd place 25-yd. freestyle.
  • Scotsha Brown:  2nd place 50-yd. freestyle, 2nd place 25-yd. freestyle, 2nd place 25-yd. freestyle, 1st place 25-yd. backstroke.
  • Billy Davis:  5th place 50-yd. freestyle, 5th place 25-yd. freestyle.
  • George Davis:  3rd place 25-yd. freestyle.
  • Leslie Feldbush:  3rd place 25-yd. freestyle, 2nd place 25-yd. backstroke.
  • Aaron Flower:  1st place 50-yd. freestyle, 1st place 50-yd. breastroke, 4th place 50-yd. butterfly.
  • Robert Michael Lang:  1st place 50-yd. freestyle, 2nd place 25-yd. freestyle.
  • Gary W. McGowan:  2nd place 50-yd. freestyle, 4th place 25-yd. freestyle.
  • Alice Quiggins:  1st place 50 yd. backstroke, 3rd place 25-yd. backstroke.
  • Nathan Richardson:  4th place 50-yd. freestyle, 4th place 25-yd. freestyle.
  • John Duncan Shaw:  1st place 50-yd. freestyle, 3rd place 25-yd. freestyle, 2nd place 25-yd. backstroke.
  • Casey Taylor:  2nd place 50-yd. freestyle, 1st place 25-yd. freestyle.
  • Jenna Tucci:  2nd place 25-yd. freestyle, 4th place 25-yd. backstroke.
  • Dana Wall:  6th place 50-yd. freestyle, 2nd place 25-yd. freestyle, 4th place 25-yd. backstroke.
  • Karen Janette Weikel:  4th place 50-yd. freestyle, 6th place 25-yd. freestyle.

Greenville & Winterville 2008 State Champions

by Pistol Tingen


An exciting season finish for not just one, but two Pitt County high school ball teams. On Saturday, May 31, J.H. Rose snagged the top honor of 2008 N.C. High School Athletic Association's 4-A Baseball State Championship at Five County Stadium in Zebulon, NC for Greenville, NC. The same day, the South Central Softball Team triumped at the Walnut Creek Softball Complex in Raleigh, NC and brought home to Winterville, NC the coveted N.C. High School Athletic Association's 3-A State Championship. A prideful day, indeed, for the community of Greenville, NC--once dubbed "Sportstown USA" city by Sports Illustrated Magazine.

Greenville NC Foreclosures as Investments

by Pistol Tingen

By definition, a foreclosure is “the legal process by which a property that is mortgaged as security for a loan may be sold and the proceeds of the sale applied to the mortgage debt".  

According to FannieMae, "A foreclosure occurs when the loan becomes delinquent because payments have not been made or when the borrower is in default for a reason other than the failure to make timely mortgage payments”. Properties listed as foreclosures have passed the point of auction or public sale. Because an investor did not buy the properties, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through the assistance of a Realtor®. Even though the U.S. Congress recently passed a national economic package that will enact legislation and help thousands of families, the housing market, and the U.S. economy—for many it comes too late.   

Fortunately, Greenville, NC real estate and Pitt County have experienced immunity, so to speak—in comparison to the majority of the nation’s cities where foreclosures have become far too commonplace.  Although somewhat   sheltered from a severe reaction to the nation’s housing slump and risky lending, Greenville has experienced a variety of  foreclosed properties—presenting both home investors, as well as home buyers, with golden opportunities. Enticing interest rates, some of the lowest in several years, are encouraging many individuals to consider adding real estate to their retirement portfolios.   

For the past 16 years, The Pistol Tingen Team has been the exclusive Realtor® for all Fannie Mae Foreclosures for Pitt and Greene County counties. FannieMae (Federal National Mortgage Association) is a New York stock exchange company and is a public company that operates under a federal charter as the nation’s largest source of financing for home mortgages. FannieMae (FNMA) does not lend money directly to consumers, but instead works to ensure that mortgage funds are available and affordable, by purchasing mortgage loans from institutions that lend directly to consumers. 

Today some of the best deals on the real estate market are foreclosures. If you, your friends, or relatives are interested in receiving advance notification regarding foreclosure properties, please contact Jody Tingen at 252-902-9990 or by email Jody@PistolTingen.com. By letting Jody know the type and price range of properties that interest you, he can subscribe you to our New Listing Alert service. Our personalized, automatic system permits you to be alerted about the "good deals” even before they reach the standard real estate publications

While considering the purchase of a foreclosure property, remember that the Seller’s primary objective is to recover the amount of the loan balance that was not paid by the previous homeowner, as well as the costs of the foreclosure action and other expenses. Put simply, the longer lenders own the property, the more eager they become to sell, whether they collect all of the above or not. 

Pitt County is named among 100 best communities for youth.

by Pistol Tingen

One of the main considerations for relocating families throughout the nation, is the well being of their kids. Families looking to relocate to the Greenville or Winterville, NC area will be interested in reading a recent article making the front page of our local newspaper, The Daily Reflector.

Printed below in its entirety, the article further illustrates that the Greenville, Winterville area is a great place to raise a family. A diverse economic base and a somewhat stable real estate climate further enhance the attractiveness of the Greenville, Pitt County, NC area for families considering relocating. Questions concerning our area can be directed by phone at 252-321-6161 or email at Pistol@PistolTingen.com.

The Daily Reflector

Thursday, January 24, 2008

A national collaborative founded by Colin Powell to nurture America's youth today named Pitt County one of the nation's 100 best communities for young people.

America's Promise Alliance and Capital One Thursday announced the county has been named a winner in a national competition honoring the 100 best communities for young people to grow up.

Citing the county's ability to unite different sectors to work on behalf of its young people, officials picked Pitt from more than 750 participants in 300 communities that applied.

"The prosperity of every community and this country depends on how well we care for our children and youth," Marguerite W. Kondracke, president and CEO of America's Promise Alliance, said. "Although no place is perfect, when we have communities that make young people a priority and are working to make sure they stay in school and have all the resources necessary to lead healthy, productive lives, we must recognize them and by extension inspire other cities and towns to follow their lead."

Winners and participants in the third annual competition are eligible to apply for $300,000 in grants from the group beginning next month.

The group's partners include corporations, nonprofit service organizations, foundations, policymakers, advocacy organizations and faith groups – work collaboratively to ensure that it's "Five Promises" are kept for America's young people.

The promises include caring adults, safe places, a healthy start, effective education and opportunities to help others.

Communities completed an application based upon research from the National Academies of Science, Search Institute, Academy for Educational Development and Child Trends.

Officials submitted information on how their existing programs and initiatives help deliver the five promises.

Winners were chosen by a panel of judges including civic, business and nonprofit leaders.

January - National Blood Donor Month

by Pistol Tingen

Did you realize that January is "National Blood Donor Month"?  Blood is traditionally in short supply during the winter months due to the holidays, travel schedules, inclement weather and illness. January, in particular, is a difficult month for blood centers to collect blood donations.  The American Red Cross, in conjunction with other blood collection centers, is celebrating National Blood Donor Month 2008 to encourage donors to give or pledge to give blood.

 

If you're anything like our families, you know someone--or are related to someone, who has required a blood transfusion. Amazingly, every day in our country approximately 39,000 units of blood are required in hospitals and emergency treatment facilities for patients with cancer and other diseases, for organ transplant recipients, and to help save the lives of accident victims.

 

The Pistol Tingen Team would like to encourage you to mark your calendar right now as a reminder that January is your opportunity to help ensure that blood is available to patients whenever and wherever it is needed--because it's the blood on the shelves that helps save lives. Please help by joining The Pistol Tingen Team in celebrating National Blood Donor Month.  You may contact our community's local American Red Cross Chapter at  www.redcross.org  to learn how and where you can donate.

 

In the meantime, our interest remains in serving you with any and all of your Greenville NC real estate needs. The Pistol Tingen Team can't save lives like the American Red Cross, but we can certainly save money, time, and stress when it comes to real estate in the Greenville or Pitt County area!  We would appreciate your referrals of family, friends and associates whenever they require our team's expert real estate service.

Displaying blog entries 71-80 of 85

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