Waxhaw Real Estate has an abundance of options! Waxhaw Homes for Sale include homes bordering South Charlotte Real Estate in the Village of Marvin all the way to the South Carolina Border in western Union County. Discover the value in Waxhaw Homes for Sale including, our new listings, Waxhaw Foreclosures, Waxhaw Short Sale, Waxhaw Single Family Homes for Sale and Waxhaw Townhomes for Sale.
Waxhaw New Listings Waxhaw Real Estate Listings are updated daily!
Waxhaw Foreclosure Listings Discover the value in Waxhaw Foreclosures; there are amazing deal available. You need to be ready; great deals will sell quickly!
Waxhaw Short Sale Listings If you have time and patience, there are incredible deals to be had in Short Sales!
Waxhaw Single Family Homes for Sale Waxhaw has a wide range of homes from modest starter homes to elaborate mansions. Regardless, we have something for everyone!
Waxhaw Townhomes for Sale Waxhaw has a very small townhome market and what we do have tends to sell quickly.
Authored by Rick Waite
Waxhaw Real Estate listings provide an ideal Charlotte Real Estate suburb to settle down and call home. We welcome you and your family! Discover all that we have to offer within Waxhaw Real Estate. Waxhaw Homes for Sale will impress!
Sunday, January 20, 2013
Saturday, January 12, 2013
Charlotte Short Sales Trends 2012
Charlotte Short Sales Trends continue to track upward in the greater Charlotte Real Estate market. As a Charlotte Area Realtor, I follow the sales of single family home sales in our greater region. I have been tracking short sales over the past three years. I find it helpful to watch trends to forecast where the Real Estate Industry is heading.
Keep in mind that each area of the country in unique. Real Estate is local. The Charlotte region experienced a very large expansion over the past decade. Many were relocating from across the country; many from the northeast. As the national housing sales slowed, so did the migration to Charlotte. Yes, it will only be a matter of time until people move on with their lives and make their relocation happen regardless.
The trends: In 2010, short sales consumed 4.5% of our market. In 2011 it jumped to 5.7 and then in 2012 it is now at 6.4% of our total market share. This is a continual rise. Why? I list and sell many short sales in the greater Charlotte region. The down economy continues to take a toll of many families. Real life happens and there often seems to be no way out. If you purchased your home at the housing peak, what can you do. Death, divorce, unemployed, family illness or job relocation are some of the major factors that force a person to sell their home. What happens if you are $50,000 under market value? What do you do? You can not afford to keep paying your previous mortgage. A short Sale is the answer. It is much better on your credit report than a foreclosure and still gives you "some" control over your financial situation (as opposed to a foreclosure).
A short sale is never an easy conclusion but you really need to consider every option before you just resign yourself to a foreclosure. Make the best of a bad situation. The Federal Government just extended debt forgiveness for many short sales. This primarily applies to your primary residence and your first mortgage. The vast majority of 2nd lien holders also forgive the debt but it also depends. Call me, Rick Waite today to make the best of this situation. As a Charlotte area Realtor, I will do what ever possible to help. Call me BEFORE you contract to pay anyone. A short sale should not cost you for the services! Learn all about Charlotte Short Sales; an education is the way to begin!
The trends: In 2010, short sales consumed 4.5% of our market. In 2011 it jumped to 5.7 and then in 2012 it is now at 6.4% of our total market share. This is a continual rise. Why? I list and sell many short sales in the greater Charlotte region. The down economy continues to take a toll of many families. Real life happens and there often seems to be no way out. If you purchased your home at the housing peak, what can you do. Death, divorce, unemployed, family illness or job relocation are some of the major factors that force a person to sell their home. What happens if you are $50,000 under market value? What do you do? You can not afford to keep paying your previous mortgage. A short Sale is the answer. It is much better on your credit report than a foreclosure and still gives you "some" control over your financial situation (as opposed to a foreclosure).
A short sale is never an easy conclusion but you really need to consider every option before you just resign yourself to a foreclosure. Make the best of a bad situation. The Federal Government just extended debt forgiveness for many short sales. This primarily applies to your primary residence and your first mortgage. The vast majority of 2nd lien holders also forgive the debt but it also depends. Call me, Rick Waite today to make the best of this situation. As a Charlotte area Realtor, I will do what ever possible to help. Call me BEFORE you contract to pay anyone. A short sale should not cost you for the services! Learn all about Charlotte Short Sales; an education is the way to begin!
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