RE/MAX at the Lake gives away first 10G

Today was an exciting day. Early in the Spring RE/MAX at the Lake launched a new program called the 10G program. A former Florida agent from the Palm Beach area told us how they had used the concept to create a 1 in 40 chance for the Buyers agents to win $10,000. Homes for sale that participate in the 10G program pay $250 into a trust fund and once 40 of those 10G homes are closed there is a drawing. The buyers agents that brought the Buyer to the 10G home then become eligible to participate in the 10G drawing.
Today all the agents that had sold the 10G homes from all over the Lake Norman area came to participate and hope they would win the $10,000. No one went away a looser. Each person that was eliminated got a gift card until it came down to the final two. The second place winner was given a complimentary fly over lake Norman with Attorney/Pilot Ben Thomas. He offered to let them fly over their listings for an areal view. Ben was the closing attorney on over 50% of the 10G closings.
The winner was Margaret Johnson from Coldwell Banker in Statesville. She almost didn't come because she had a closing that was switched to 11:30. The entire time she almost left to go to the closing and could have missed out. 4 other agents didn't make it to the drawing either. It was an exciting time and I cant wait for the next drawing. We already have 8 homes closed towards it.
I would love to sell one of the 10G homes myself. All my listings chose to participate in the program to help compel an agent to bring their buyers to at least check the property out. It was all reviewed and approved by the North Carolina Real Estate Commission.
It's just another way thinking outside the box selling is so important in this challenging market. You can couldn't on that from RE/MAX at the Lake and myself.

Charlotte Monthly Stats 10/6-11/5/09

Time on Market

The average days on the market for closings in the reported month is 140.7 days. Of

the reported home sales 42% closed in 121 days or more. This represents an increase

of 6.7 days in closing time over October 2008.

Average List Price of Sold Homes

The average list price of sold homes reported through the CRRA was $218,050. This

represents a decrease of

8.1%

from October 2008.

Average Sales Price of Sold Homes

The average sales price of sold homes reported through the CRRA was $196,204.

This represents a decrease of

9.5%

from October of 2008.

Residential Contracts Reported

There were a total of 2400 contracts reported in October of 2009. This represents a

33.5% increase

in reported contracts from October of 2008 and a 9.1% increase

over September of 2009.

Residential Contracts Closed

There were a total of 2210 contracts that were reported as closed in October of 2009.

This represents a

19.6% increase

in closings as compared to October of 2008 and

a 13.6% increase over September of 2009.