Charlotte Real Estate continues to flourish as many people are taking advantage of the low interest rates and the Federal Tax credit that is in effect for first time home owners. There are many great deals out there that Charlotte NC Real Estate has not experienced before. Where are the deals and what is really a deal?
That is the question each home buyer should ask. Is a deal 50% off on a property that sold 2 years ago? Did you think of asking why did this home lose so much value over such a short time period? Is this area going to increase in value or is it still declining?
Now let's get back to Charlotte. There are very few places in Charlotte that you can get a home this cheap. You may hear stories but they are simply stories. First you would ask yourself if the value was really $100,000 why would the seller "give me" $50,000? Does he/she really like me that much? Hmmm?
There is always a reason. If a home has lost that much value there is a reason. Was the neighborhood that overinflated to begin with? If a home is selling for less than it would cost to build the home then that should generate a huge flag.
Charlotte Real Estate market value is the result of several factors. The best indicator and a large factor are the purchasing demands of the locals. By using the term "locals" I mean a person who has resided in Charlotte for a few years. A local has typically experienced a good deal of the greater Charlotte area and knows what areas they prefer. Their personal desire (supply and demand) establishes the price. An area that has only a local market can be assured of "true" market value.
Now let's add a wrench into the formula. First are Charlotte Home Buyers that are relocating. A Charlotte Relocation buyer is an a difficult predicament. When you first move you would like your family to be stable and happy. You do not want your children to have a bad experience with schools or friends. Nor do you want your child developing friendships only to relocate to another home the following year.
These families have the best intentions for their new Charlotte Homes but have trouble discerning each area. There are many confusing resources and people speaking half truths. I help filter through the information so that you can compare areas based on your own personal situation. Children are too valuable to risk!
Everyone wants their child to "fit in" with their new Charlotte school and Charlotte Neighborhood. Consider the local grocery store for a snap shot of your new home. Is this your comfort zone? How about the schools? What website do you believe? Are you really comparing "apples to apples"? School awards, test scores, SAT scores and school websites are confusing and makes it difficult to determine which way is up.
I help balance these concerns. I am very familiar with the public websites and can assist with simplifying the task in front of you. Visit my Charlotte Real Estate website and gain insight into our schools, our suburbs and great Charlotte NC Homes for Sale.
