2 months ago

SLN FEB 2018

Page 2 February Edition

Page 2 February Edition Seven Lakes News and other non-profi t organizations, the landowners association and all of the residents that have “pitched in” with help and suggestions to make the “Seven Lakes News”, a reality for all to share. CHAD STITES 910-992-6230 ONLY THE SUNSET COVERS SEVEN LAKES BETTER! SHANNON STITES 910-992-6231 From The Publisher... Whew, the “Seven Lakes News” our Community Newspaper that is shared by all, has made it through this fi rst year with the help of everyone in this wonderful community. We would like to express our sincere thanks and appreciation not only to the advertisers of whom we owe a huge debt of gratitude but also all of the volunteers throughout the community, the business guild, Kiwanis Seven Lakes assisted living & memory care • Semi-private & private rooms • Furnished or unfurnished, as desired • Cable TV & individual climate controls in each room • Complete dining program with 3 meals & snacks daily • Full-service housekeeping • Activities and social programs • NorthStar Memory Care tm Program • On-site Beauty Salon & Barber Shop • Scheduled transportation • On-call physician services • And much, much more! Tour Seven Lakes – call us today! It is very rare, indeed to have a small community share in such a wide array of events with free outdoor concerts, holiday events and activities provided by the local business owners and land owner associations. Spring is fi nally here, “we hope”, and with it brings another year for your community newspaper to inform as well as entertain you . Thanks for your continued support! Victoria Levinger THE MARKET REPORT: There There are are 39 41 homes for sale in in Seven Seven Lakes Lakes North, North, South and West combined. South and West combined. There There are are 1120 homes homes pending and and 9789 homes have have sold in the past 6 months (7/1/2017 -1/1/2018). sold in the past 6 months (8/1/17 - 2/8/18) The median sale price over the past 6 months was $255,000. (down $9,000 from the last report) and median days on the market 123 (up 3 days from the last report). The median sale price over the past 6 months was $255,000 (the same as last months report) and the median days on the market is 123 days (also the same as last months report). Of the 97 homes the past months, 33 had a Of the 89 homes sold in the past 6 months, 29 had a price reduction prior to selling. Median reduction is just under 8% price of the reduction list price. prior to selling. Inventory is low now and expected to increase starting Median reduction is just under 8% of the list price). in March. It’s a good time to start preparing your home for the Spring selling season. Declutter, freshen up flooring and walls, and go ahead and get on your landscaper and powerwasher’s schedule for the Spring. Inventory is still very low and we are already seeing a high demand of Buyers interested in the Seven Lakes area, so it looks like the Spring Market will start early and be great for Sellers! Moore County’s $0 Down Home Loan Moore County residents earning less than $78,200 per year or less than $103,200 per year for families larger than four are eligible for a government-insured zero down loan program. Program eligibility income is calculated by summing the earnings of all occupants of the household, except minors and full-time students over 18 years. The program entails a 30 year fi xed rate loan with lower than normal monthly mortgage insurance. Closing costs of up to 6% of the sales price are allowed to be paid by the seller. Should the house appraise for more than the sales price the closing costs may even be fi nanced into the loan. There is NO fi rst time homebuyer requirement. What this means is that with an income of $78,200, a family of 4 c an qualify for a $250,000 home. Financing a $250,000 home with this program yields a monthly payment that would be $70 LESS than normal and a SAVINGS of $8,750 in down payment funds. (910) 673-2045 292 McDougall Drive | West End, NC 27376

Seven Lakes News February Edition Page 3 Seven Lakes Marine “A Family Affair...” Veteran, Jeff Bennett opened Seven Lakes Marine in 1999. He moved to the Sandhills area to be closer to his family and knew that West End would benefi t from a marine store complete with engine repair and a wide range of products to choose from when remodeling or servicing customers boats. Jeff’s background had been in automotive mechanics previous to his enlistment in the armed forces where he gained extensive experience working on F-16 fi ghter jets. After deciding to open up the marine business in Seven Lakes, he went back to school to gain his factory authorized certifi cation for Mercury Marine, Yamaha, MerCruiser, Volva and Penta marine products. In addition they provide all service and sales for Ray Electric Motors, Minn Kota Trolling Motors, Hewitt Boat Lifts, Load Rite trailers and sell Interstate Batteries. Jeff and his team can service, repair and rebuild any outboard or inboard motor and they are not limited to boats. Jeff and his associates at their large marine facility can do a wide array of marine engine repairs as well as complete overhauls with affordable pricing. Jeff and his team have rebuilt 50 to 60 engines since opening. Seven Lakes Marine offers a variety of services in addition to engine repair. They sells parts, lifts and engines, and provide quality pontoon restoration, sell boats on consignment basis and offer shrink wrap boat storage. Seven Lakes Marine They also have multiple suppliers with many choices of vinyls including MariDeck, Infi nity and Aqua Tread, for their pontoon and boat restoration business and recently added top of the line Corinthian to the list. If you want to get that carpet replaced with vinyl they are the people to call. Seven Lakes Marine can detail and clean all the part of your pontoon boat, replace and fi x fl ooring and do a complete make over. Seven Lakes Marine has 5 employees and don’t forget about their mascot dog, Molly. On staff they have three Marine Technicians, Jeff, Jerry and Brandon, all with vast knowledge and experience in various motors and mechanics. While visiting their shop you will also see, Sue the Offi ce Manager and Marsha their Scheduling and Showroom Expert. They believe in doing the job as if it was being done for themselves. They always take great efforts to make accurate estimates and always keep their customers informed during the process. Seven Lakes Marine is a local business that cares about their customers and they take pride in what they do. And according to Sue, “she has never seen an engine that Jeff can’t fi x.” By: Marybeth Crossman