Charlotte Foreclsoure neighborhoods

There has been a lot of information in the news about particular neighborhoods with an overabundance of foreclosures. Why is this? The articles in the Charlotte Observer have been very truthful but one must pay attention to the details. Certain builders are creating sub-prime loans to sell homes. The builder has these loans insured with the government (i.e. me and you-that is the money the government uses to help others). The builders' primary concern is to maintain the community value until their new homes are all sold. As a new comer, you do not realize the potential resale value for our market. Consult a professional about resale value before you make a huge mistake. Yes, if you can not sell, then you can rent out the property. This flawed thinking accelerates the depreciation of a neighborhood. A rental neighborhood will look differently as you enter. There is nothing wrong with renters but when a large portion of homes are rented, the lack of home ownership shows. Many builders will not even allow investors to purchase new homes? Why not? Because the builder knows the homes will depreciate before they complete building. The builder will ultimately lose money by allowing investors to create a rental neighborhood. Yes, there are other variables such as price point. Always have an impartial Buyers Agent by your side. To learn more, contact me or visit http://www.FindMyCarolinaHome.com.