Many people do not realize the differences in various area for Real Estate. Just within Charlotte North Carolina Real Estate there are dramatic differences let alone comparing Charlotte to a city that is 500 miles away.
Ultimately, Real Estate is "local". The Charlotte market remains strong and was one of the few major cities that actually sen a positive appreciation rate in 2007. This still does not stop people from thinking that a home owner in Charlotte will give the buyer $20,000 of the home owner's equity when selling. I explain to buyers that the home owner may like you, but not that much. These types of bids may be practical or realistic in other markets but you will just see yourself getting laughed at in Charlotte. This does not mean that it is bad to try; just be realistic. A seasoned Charlotte Realtor will help you place your bid and based on statistical evidence/experience, he sill also share the fair market value of the home. Yes, the objective is to always get it below fair market value; the Charlotte Real Estate home owner realizes the value and the demand. If you are looking for a "steel" you may want to reconsider the states that are losing population and migrating to Charlotte North Carolina Real Estate.
