Identified Schools for This Property: These are the schools that have been identified by the listing agent and/or the seller as the schools that appear to serve these properties.

Nearby Regular Public Schools: These are schools that are near this property, based on the property’s location.

Nearby Charter Schools: These are charter schools that are near the subject property, based on the property’s location. Charter school enrollment is typically based on a lottery, rather than on the neighborhood where the student’s home is located.

Nearby Magnet Schools: These are magnet schools that are near the subject property, based on the property’s location. Magnet schools differ from regular public schools in that they offer specialized academic themes, such as math & science, the arts, foreign languages and so on.

Please note: school assignments are not always reliable, and should be verified prior to purchasing a property. Enrollment in any of the schools described above is not guaranteed with the purchase of this property. In addition, school assignments are subject to change.

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Listing Status Explained

On our site, you will see the following types of listing status:
  • Active: The property is still actively for sale and a contract has not been accepted yet.
  • Under Contract But Showings Still Accepted: The property is under contract with a buyer. However, the seller is still allowing buyers’ agents to show the property to other buyers. Buyers may be able to present back-up offers, just in case the existing contract falls through due to financing concerns or other reasons.
  • Under Contract / No Showings: The property is under contract with a buyer and the seller is no longer accepting showings.
  • Sold: The property has already been sold.
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Cumulative Days on Market Explained

Cumulative Days on Market is a representation of how long with the property has been actively marketed.

The main difference between Days on Market and Cumulative Days on Market is that Cumulative Days on Market represents active marketing through not only of the property’s current listing, but through other, recent listings of the property as well. Days on Market, on the other hand, only represents the time the property has been marketed under its current listing.

Prior to the local Realtor Association using the term Cumulative Days of Market, Realtors and homebuyers in the Charlotte region would sometimes focus solely on a property’s Days on Market. The problem with Days on Market displays was that sellers could allow their property listing to expire and then re-list, and their Days on Market would go back to zero. This could make a listing that had been on the market for a long time appear to be a completely new listing.

Since the change in terminology, when a new listing is entered, the Cumulative Days on Market only resets to zero if one of the following two actions occurs:

A) The previous listing closes (i.e., is sold).

B) The previous listing is off market (expired or withdrawn) for more than 90 days.

It should also be noted that Cumulative Days on Market typically do not accrue when a property is not being actively marketed – i.e., when the seller is not accepting showings on their property.

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Recent County Property Assessments

Each county tax assessor’s office periodically assesses properties for tax collection purposes. Counties assess properties at different frequencies. For example, some counties may assess values every four years, while others may assess properties every eight years. In addition, a given property’s assessed value can change at any time – i.e., when a vacant lot is built upon or when an addition is made to an existing structure.

Also, because of the highly imperfect nature of the assessment process, assessed values are often a poor indication of market values. In other words, if a property’s list price is under or over its assessed value, this does not necessarily indicate whether or not the property represents a good value or not.

In addition, in some cases current assessment or past sales of a given home may represent vacant land, which has since been built upon. In other situations, a given parcel of land may have been combined with other parcels of land in a past sale.

Finally, because assessed values may change at any time, property buyers are encouraged to confirm assessment values with their county tax assessor before purchasing a property. Terra Vista Realty cannot guarantee public-records information displayed on our website is accurate and up-to-date in every case.

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Getting the Price Right

When selling a home, one of the most important decisions a homeowner makes is their initial asking price. Pricing real estate is part art, part science.

Real estate agents have training in the pricing of a home, and have access to MLS data that allow them to analyze comparable sales. Home sellers typically consult real estate agents on the price to set for their home.

There are several components - as well as pitfalls to avoid - in pricing a home. However, you should remember that getting your price right is completely feasible.

Several factors need to be taken into account including:
  • Historical sales of comparable homes: Recent home sales in the area provide one of the best indicators of the value of a home. It’s important, however, to choose the right comparable properties in the analysis and to account for differences in home features. As previously mentioned, real estate agents have access to this type of information and can provide you with a comparative market analysis (or CMA).
  • The seller’s appetite for risk: Home sellers face a similar set of choices in pricing their home. Price too high and the home may sit on the market too long, price too low and the home may sell for less than it’s worth. However, home sellers differ considerably in their appetite for risk and the speed at which they need to sell. Do you need to move into a new home quickly and are your mortgage payments high? Do you need to cash out as soon as possible for financial reasons? Or are you only going to sell once you get a strong offer on your property? These are questions you need to consider in deciding on a price.
  • Local economic and demographic trends: What has happened in the local economy that may affect your sales price? Are unemployment percentages increasing, decreasing or flat? Has your neighborhood become a hot place to live because of schools, proximity to places of interest, etc.?
  • Local real estate price trends: What are recent trends in home prices in your neighborhood and town? Comparable sales data should be analyzed – but price trends should be taken into account as well.

When your home first goes on the market, you will typically get your highest number of showings. If your home is priced too high, buyers are unlikely to make decent offers. Are if you later drop your price, you are unlikely to regain that initial flurry of activity you had when your home first went on the market. Furthermore, your price drop may impact your negotiating leverage. All that being said, you don’t want to let the prospect of a potential price decrease scare you into asking too little for your home.

You can determine the best price possible for your home. It just takes some careful analysis, consultation with an experienced real estate agent or appraiser, and a little gut checking.

Real Estate Selling Articles

If you’re looking to sell Lake Norman or Charlotte, NC real estate, then we can help. We serve towns such as Charlotte, Mooresville, Cornelius, Davidson, Huntersville, Concord, Denver, Kannapolis, Statesville and surrounding areas.


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