Tuesday, June 19, 2012

Homes on Lake Davidson

The greater Charlotte region offers an abundance of housing opportunities for you and your family.  One such place is Davidson Pointe on Lake Davidson.  Davidson Pointe is being developed bu Saussy Burbank.  Saussy is a very reputable builder in the greater Charlotte region and is recognized by their colorful Charleston style homes, rocking chair front porches and a community that radiates warmth!

Davidson Pointe sets on Lake Davidson.  Lake Davidson is east of I-77 north of exit 28.  Lake Davidson "appears" to be part of Lake Norman but is actually not connected (separated by the highway) and remains a quiet peaceful lake.  Recreation is plentiful on Lake Davidson but more of a smaller sibling of Lake Norman.

Davidson Pointe is actually located in Iredell County and attends Iredell County and Lake Norman Schools.  You are still incorporated in the town of Davidson (Mecklenburg County) and are part of the charming small town atmosphere that Davidson has to offer. 

Davidson is well known for Davidson College in addition to Davidson Community Charter School.  Davidson Community Charter School is actually one of the top Charter Schools in the southeast!

Visit the Town of Davidson and Davidson Pointe.  Explore Homes in Davidson!  You will be pleased that you stopped by for a visit.  You will soon be packing your bags and moving our way!

Authored by Rick Waite

The greatetr Charlotte Real Estate market has a lot to offer.  Begin your serach to day and we will find the ideal home for you and your family!

Monday, April 30, 2012

Charlotte Real Estate and Weddington Homes for Sale

Things to consider about the greater Charlotte Real Estate Market:  Since the influx of new residents has slowed (due to the national economy) the greater Charlotte Real Estate market is settling in.  What I mean is that when people are relocating to Charlotte, they often only have a vague idea what they are looking for or more accurately "how to find what they truly want".  A home or neighborhood may appear to be utopia but after you actually live there, you discover that you made a mistake.  If you had a good Realtor this error is typically prevented; assuming you were open and honest.

By open and honest I mean that you accurately expressed you interests and concerns.  Schools, commute times, entertainment, taxes and many other factors are concerns.  A less expensive home is not always the best deal.  This was easily misunderstood when relocating from an older more established area.   "New" brings hope but the "hope" you wanted is not your reality.

Back to the current Charlotte Real Estate market.  As you look more closely at our Homes for Sale, you will find some areas with very deep discounts; other areas or reasonably priced but no where near 30% off 2007/2008 prices.  The market has largely settled into a local market.  The buyers know where they want to be and where they do not want to be.  Everything will sell for a price. 

For example, I have been noticing that homes in Weddington Homes for Sale are going quickly.  If there is a Foreclosure in Weddington (with a modest discount), it is under contract quickly.  Weddington has a great reputation for schools.  It is convenient to South Charlotte and Weddington Homes for Sale continue to have strong demand.

I showed two foreclosures in Weddington on Thursday and by Saturday they both had offers!  The demand for well priced homes in the greater Weddington area is strong and picking up!  If you are still thinking about you greater Charlotte area home for sale, your are about to miss the best opportunity in your life!

Visit Weddington Real Estate and learn more about the great opportunities in addition to an amazing place to call home!

Friday, February 03, 2012

Charlotte Investment Homes

I have recently noticed more and more of my past clients are now buying investment homes. How do you assess the situation? Do you see crisis or do you see opportunity?


In the past, when the Charlotte Real Estate market was growing rapidly, Charlotte Home investors were buying investment homes and breaking even on a monthly basis. The reason was rent prices basically were equal to your mortgage payments. Now consider the fact that you can purchase distressed homes at a discount and interest rates are still low! You will now have positive cash flow for your investment property.

How have things changed? Rent has remained a constant. But now, there are homes sold at discounts! Now how can you tell if the "reduced market value" is temporary or a sign of darker times to come?


The fundamentals will dictate future value. Location, location, location. Consider what is important to home owners. What are the monthly fees? What amenities are available? Is the neighborhood kid friendly? How are the property taxes? How are the schools? How is the commute to work? Look through the eyes of the home owner (not just the renter). Keep in mind the rental pool will continue to grow as the short sales and foreclosures work through the system. These unfortunate folks are now renters.



There are some amazing deals in greater Charlotte Real Estate! Keep in mind that great deals do go quickly. Rules have changed dramatically over the past couple of years. You will likely need 20% down plus several months payments in reserves (6 months is often required). Yes, it is more difficult but in truth, you will be in a better place to begin your investing in real estate.


A wise investor knows when it is time to sit on the fence and when to jump in. Rental demand will continue to rise as the foreclosures and short sales work through the economy. The best deals sell quickly. You need to do your homework beforehand. Take to your lender and then give me, Rick Waite a call at 704-770-6559.