As the national real estate market is a challenge, the greater Charlotte Real Estate area continues to expand. There has been a slow down based on higher lending standards but this will actually improve the overall health of the real estate market. There are real estate investor opportunities for rental properties as opposed to people hoping to flip homes.
The Charlotte Real Estate market continues to sell but additional precautions are necessary to confirm the buyer can obtain a home loan in today's market.
There are also potential opportunities for Charlotte Short Sales. A short sale occurs if a home is approaching foreclosure and both the lender and the seller agrees to sell the home for less than what is owed. The lenders typically absorb the loss so will ultimately decide if an offer is acceptable. There are many nuances with these types of purchases and you must have a good realtor to assist. There is a lot of information needed to meet the demands of the lender. It takes a lot of micromanaging to facilitate these deals.
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