With today's Internet Technology, most people begin their Charlotte homes search on line. This can be a frustrating experience. First, you typically need to register for the real estate search. Why?
In order to actually have your website seen, it costs a lot of money and/or many hours from the Realtor. I spend too many hours every week on line assuring my websites are up to date and actually have information that will interest the home buyer. A website is a form of marketing and cost thousands of dollars annually to maintain. Yes, we need to assure our advertising budgets are actually generating potential buyers.
All Home searches are not created equal. Many Agents will have "Featured Listings" which will entail only their personal listings, their company listings or a limited search of some sort. You typically do not register for these type searches.
"Most" sites share all of the available homes for sale and do not undermine or steer the buyer into only certain listings. There is actually a large local Charlotte Real Estate firm that has a great user friendly site but intentionally excludes a large percentage of listings from their site. This is a grave disservice to Charlotte home buyers and intentionally misleading. Was one of the hidden homes actually a better home for you and your family? Why would the firm not put your needs first? I personally would never consider working with such an unethical firm.
For a "Complete" Charlotte Real Estate search, visit my website at Charlotte Homes for Sale. You will also find and abundance of information regarding the greater Charlotte Real Estate region.
Thursday, August 26, 2010
Sunday, August 01, 2010
Charlotte Condos at UNCC
Do you have a child about to attend UNCC? Considering housing costs? There are some fantastic condos across the street from UNCC that are ideal! As with any real estate investment, it is all about the numbers.
A 3 bedroom condo across from UNCC is selling for around $50,000. Your son or daughter can have a roommate or two (many are 3 bedroom condos). You have your child and the room mates pay rent. Yes, your child can also pay rent to assure the roommates do not feel envy but also respect that it is his/her parent's condo.
Numbers: If you get an apartment (rent out one of the condos), it will cost you about $525 a month. Multiply this out for 4 years and you have paid $25,200. Of course you walk away in 4 years without $25,200 (assuming rent does not increase).
Another option is to live on campus. Campus life can be an exciting adventure but it is at a price. In addition to the cost of the dorm, consider the additional fees incurred such as parking and required meal programs. The numbers do not add up.
If you pay $50,000 for a Charlotte UNCC Condo (literally across the street from the campus), you collect the $25,200 in rent from your child and the roommates, you then sell the unit. Let's assume no appreciation and you only get your $50,000 returned.
What is the cost of money? You have tied up $50,000 in cash for 4 years. Haw did you make out for your Return on Investment? Annually you are receiving $6,300 as your return. That is a reasonably strong rate of return as a normal investment but a huge benefit if your alternative was to spend/lose $25,200 in rent over 4 years!
The best part is you sell the condo after college. If possible, you can actually return your child's rent as a graduation gift and pay off a huge chunk of the educational expenses.
I do not understand why the entire complex is not full of students and parent teaching their children so many important lessons. You are providing independence, teaching your child about investments, rental properties, the responsibility and benefit of home ownership and much more.
I have recently sold one of these units and worked with an investor who is ready to liquidate his investment in the complex. The investor owns two buildings (a total of 24 units minus the one that I just sold). The investors are a class act and are selling the units in move in condition. Call me today for more information.
Visit Charlotte Real State Charlotte Homes for Sale for more contact information. I am a Charlotte Realtor and here to help. A friend of mine just purchased the condo and we were amazed at the numbers and the savings!
A 3 bedroom condo across from UNCC is selling for around $50,000. Your son or daughter can have a roommate or two (many are 3 bedroom condos). You have your child and the room mates pay rent. Yes, your child can also pay rent to assure the roommates do not feel envy but also respect that it is his/her parent's condo.
Numbers: If you get an apartment (rent out one of the condos), it will cost you about $525 a month. Multiply this out for 4 years and you have paid $25,200. Of course you walk away in 4 years without $25,200 (assuming rent does not increase).
Another option is to live on campus. Campus life can be an exciting adventure but it is at a price. In addition to the cost of the dorm, consider the additional fees incurred such as parking and required meal programs. The numbers do not add up.
If you pay $50,000 for a Charlotte UNCC Condo (literally across the street from the campus), you collect the $25,200 in rent from your child and the roommates, you then sell the unit. Let's assume no appreciation and you only get your $50,000 returned.
What is the cost of money? You have tied up $50,000 in cash for 4 years. Haw did you make out for your Return on Investment? Annually you are receiving $6,300 as your return. That is a reasonably strong rate of return as a normal investment but a huge benefit if your alternative was to spend/lose $25,200 in rent over 4 years!
The best part is you sell the condo after college. If possible, you can actually return your child's rent as a graduation gift and pay off a huge chunk of the educational expenses.
I do not understand why the entire complex is not full of students and parent teaching their children so many important lessons. You are providing independence, teaching your child about investments, rental properties, the responsibility and benefit of home ownership and much more.
I have recently sold one of these units and worked with an investor who is ready to liquidate his investment in the complex. The investor owns two buildings (a total of 24 units minus the one that I just sold). The investors are a class act and are selling the units in move in condition. Call me today for more information.
Visit Charlotte Real State Charlotte Homes for Sale for more contact information. I am a Charlotte Realtor and here to help. A friend of mine just purchased the condo and we were amazed at the numbers and the savings!
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