Charlotte North Carolina Real Estate

Charlotte Investment Homes

2012-02-03T19:21:00.005-05:00

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.

Charlotte Real Estate Companies

2011-11-29T08:50:00.003-05:00

Charlotte Real Estate, as many across the nation, is still transforming from the more rigid large Real Estate firms to more innovative firms. As you consider your Charlotte Realtor, it is wise to realize that the industry has changed dramatically over the past decade.

History of Real Estate Firms: Once upon a time (it was truly a fairy tale), a home buyer had to either drive down the street looking for a sign of call a large Real Estate Firm. How else were you going to find your Realtor? Perhaps the Yellow Pages?

All of the current Homes for Sale were published in the secret Real Estate Company books and you were at the mercy of your Realtor to see the homes that the Real Estate Agent shared with you. Large firms such as Prudential, Coldwell Banker, Re/Max and in Charlotte there were a couple of local large firms such as Tate and Bissel Hayes. These companies dominated the market and we, the public were at their mercy. The large companies controlled the majority of the marketing including print ads and TV commercials. They also had the huge office buildings that we the consumers paid for as we utilized their services.

I currently work with an innovative company called Wilkinson and Associates. Our company now has over 800 agents and was developed on a new model in Real Estate Agencies. Each Realtor is responsible for their own marketing. As you continue your search, you will find many of the top websites on Google to be Wilkinson and Associates Realtors. We are innovative and on the cutting edge. You are not purchasing a home in the 1970's. The public is informed and actually want professional service and not a corporate robot.

The Internet has changed the dynamics of the market place. Now many Realtors have the freedom to go above and beyond the typical corporate rigidity (that the firms call consistency). We can create blogs to actually share our individual perspective. We have personal websites that display all listings and not simply the ones for certain selective firms! Yes, there are certain large Charlotte Real Estate agencies that still treat you this way!

The economy has grown well beyond the old model and we, the public, no longer desire to be coddled like children. We are intelligent and educated. As you search for your Charlotte Realtor, ask then about schools, property taxes, financing, Home Inspections, short sales and foreclosures. Research their individual websites to see what they really know. Do not allow your Realtor to hide under a superficial corporate umbrella sharing "we have resources". You deserve a person that is the resource. Visit my Charlotte Real Estate website and learn more about the greater Charlotte area. There are many amazing deals in our market. We will explore the ideal options for you. Charlotte Homes for Sale await your family!

Waxhaw Real Estate Market

2011-10-15T19:31:00.003-05:00

The Waxhaw Real Estate Market continues to move forward at a steady pace in comparison form 9/15-10/15. In comparison of homes sod in 2010 to 2011 has the exact same number of 59. Of these sales, the foreclosures and short sales also remain relatively constant from 11 to 12 in 2011. The new homes did decrease sales from 24 in 2010 to 21 in 2011. This also indicates that buyers are finding more deals on resales. The peak in Waxhaw home sales was back in 2006 when 106 homes sold for the same time period. 2008 was the weakest year (for the same time period) with 43 sales.

We have come a long way in recovering from 2008 and the Waxhaw Real Estate market still is moving froward albeit at a much slower pace than the mid 2000's. The fundamentals of Waxhaw are not just holding steady they are actually strengthening! Kohls recently opened in Marvin (Waxhaw mailing address), the Wesley Chapel shopping area did not exist in the mid 2000's which includes a Super Target and much more. In addition the schools and have expanded dramatically! Weddington High School was the only school in northwest Union county and now there is Marvin Ridge, Weddington, Cuthbertson and Sun Valley. Providence road has been expanded from 2 lanes to 6 and four lanes which alleviated much of the congestion for the Waxhaw commute.

This is a short list of the infrastructural improvements that have occurred in the area. Now add the fact of low property taxes and you will realize that this is still a great place to buy a home and a safe investment for your future. Search Waxhaw Homes for Sale and discover your next home purchase!

Ranch Home in Waxhaw Meadows

2011-08-23T10:59:00.005-05:00

Looking for a one story home with over an acre of land in Waxhaw? Looking for a home on a wooded lot? 6605 Deer Creek Dr is a 3 bedroom, 2 bath home that is quietly nestled near downtown Waxhaw. The home has granite counters, hardwoods in the foyer, kitchen, breakfast area, formal dining, greatroom and hallways. The Bedrooms have new high quality carpets.

The high ceilings bathe your home in natural light and warmly welcomes you home!

The home is a bargain at $235,000! Visit the virtual Tour for 6605 Deer Creek Drive!

The back yard is a natural retreat with trees, some grass areas, landscaping and so much more! The back deck is large and privacy is yours! There is a garden shed with electricity that makes the ideal gardening shop, work shop or storage area.

Waxhaw Meadows is a small subdivision with no Home Owners Association dues!

Sit back and watch the deer or listen to the the hymns of mother nature! Call today and this home can be yours! A bargain like this will not last long!

Why are there not more rentals?

2011-06-29T11:08:00.004-05:00

I continue to receive people looking for rental homes in specific areas. There are many reasons renters must settle for other homes.

Why don't more owners rent their homes since the market is slow? The largest reason is no one wants to be a landlord. Home owners have no interest is handing over the keys to their beloved home (and credit) in hopes a stranger treats their home like it is their own. Too many people have had too many negative experiences and sellers have very little interest.

What is in it for the seller? Once upon a time in a land not so far away. a person could get a loan on a home, rent it for a few years and home to make a profit in 3 to 5 years. This was in exchange for the the risk and additional work required to be a landlord (not to mention all of the Government red tape for tax purposes). Now that picture of appreciation looks bleak. With depreciating home values, "if" you could not break even selling your home this year, you find that next year you will be even further behind. So basically you risk your home, you jump through Government hoops and lose more money next year? Hmmmm??? Not too many people willing to work harder, assume additional risk and ultimately "pay" a larger price for time and stress. The only winner is the renter with less responsibility and no financial risk.

Another large factor is getting a mortgage on a new home. Mortgage companies lost millions because too many "landlords" stopped paying their rental mortgages due to being in a losing situation. When money gets tight, the investment home is the first bill that does not get paid. The incentive of renting has been removed.

Now lenders are very strict on providing a new home loan when you still own your other home. When the housing collapse began, many owners borrowed to get a new home at a discount. They then stopped paying on their "investment" home. Lenders caught onto this (called strategic foreclosure). Now you must put down a large down payment, have up to six months payments in savings and still qualify for the home for both full mortgage payments.

Buyers are challenged to have 3.5% down payments. Not many people have 20% down plus six months in savings. If they do, they typically have no interest in the proposition of being a landlord.

Ultimately, if you are looking to rent, take what you find. No, it is likely not to be in the best neighborhood, in the best school or for the price you were hoping to find. Naturally, you can not expect home owners to take the risk that you yourself are unwilling to take. This is not to disparage renters; you are renting because you are not interested in the risk and hurdles of home ownership. In toady's market, less people are willing to absorb that risk for you.

There are amazing deals out there. A home is an amazing place to relax and raise a family. At the right price, you can become a home owner and have this home as long as you would like. Prices have never been better. No, you are not buying a home at 2007 prices nor are you paying for 2015 prices. You pay current local market value which is actually less money than you could possibly build that home. The Real Estate market has never been in favor of buyers. The key is to work with a lender, do what you can for your credit and find that ideal home!

Charlotte Real Estate is destined to grow and the Charlotte housing market will remain in demand. Will you be looking back in five years saying "I could have bought that home when it was $______?" Or are you going to be one of those people that took advantage of the opportunity and smiling every month when your mortgage payment is a fraction of the majority of your neighbors. Your future begins today; do you stay of the fence or begin searching Charlotte home for Sale?

South Park Real Estate gets better every day!

2011-06-19T12:45:00.006-05:00

The greater South Park area around Charlotte (technically it is Southpark as one word) continues to attract more businesses. Whole Foods is our newest entrant building its first Charlotte location in the Southpark area. It is scheduled to open in 2012!

The Southpark area of Charlotte area has an abundance of shopping and employment venues; opportunity abounds. In addition to being a few short miles from uptown Charlotte, Southpark residents enjoy the popular Myers Park Schools.

Trader Joes now has three stores in the greater Charlotte region, Earth Fare and now we will have Whole Foods. This further compliments all of our other great food venues!

When Considering the Charlotte Real Estate market, visit and consider Southpark. It is all about your quality of life!

Charlotte Foreclosures and Short Sales: Which is best?

2011-05-31T16:01:00.011-05:00

Most home buyers find various homes for sale as foreclosures and short sales and are unclear as to the differences.

Charlotte Foreclosures: A foreclosure is the term typically applied to a bank owned home. A foreclosure is the legal process in which the mortgage company takes possession of the home via legal means (auction). The mortgage company frequently purchases their asset at the auction, the home back at the auction, evicting, changing the locks, cleaning the home, repairing some of the damage, clearing all previous title issues, etc,). Many of the foreclosures met Government Insurance guidelines and are returned to the appropriate insuring agency after foreclosure (HUD, Fannie Mae, Freddie Mac, Etc.,). The most familiar of these foreclosures are HUD homes.

Bank owned homes are frequently aggressively priced and can close quickly. When making an offer on a bank owned home, you will typically have a response within 2 business days. Once your offer is accepted, you can typically close within weeks. The more aggressive the pricing, the more likely you are to have multiple offers. A wise home buyer realizes when it is a great deal and does not lose the home by trying to squeeze an extra $1,000 out of a home that is already discounted $50,000! If a Government Agency is involved in the foreclosure home then it can typically close within 45 to 60 days.

Short Sales: A short sale is still owned by the person currently on record as the owner. This is often a pre-foreclosure. The home owner is in financial trouble. The seller owes more on the home than the current market value supports and is asking the mortgage company to absorb the losses. Why would a mortgage company possibly just "accept the losses from the home owner"?

The mortgage company's other option is foreclosure. This incurs legal costs, title search, clearing other liens, greater risk of damage and more time.

For a Short Sale, the current mortgage company first needs verification that the home owner is unable to pay the debt. The lender then does extensive analysis to assure they are getting "fair market value" for the home. Mortgage companies typically "sells the loan on the secondary market" (investors) and now must go back to the investors and convince them that a short sale minimizes their losses. There are many hurdles for a short sale.

For a short sale, you often will not get an acceptance of your offer (yes, no or perhaps a counter offer) for four to six months. A smaller local bank may have a shorter time period but this varies. Many buyers lose patience during this extended waiting period and find another home.

A foreclosure is best if you need a home now and would like to close quickly. A short sale is a great option if you absolutely love the home, have time to wait and are able to close within 45 days whenever the bank decides to accept your offer.

I hope this helps clarify the process and the differences between a Charlotte foreclosure and a Charlotte Short sale. Naturally this applies to anywhere across the nation.

Let me know how I can be of further assistance. Visit my Charlotte Real Estate website and learn more about the greater Charlotte Real Estate market.

Thanks and have a great day!

To Purchase, Lease or Lease/Purchase your first Charlotte Home

2011-05-06T10:38:00.004-05:00

To purchase, lease or lease-purchase your first Charlotte area home? That is a question that many struggle with when relocating to a new area. What are the pros and cons of each?

The first consideration is who is moving. Are you single, married and/or moving with children? Are your children in school? With pets or without pets? These are some of the considerations to base your decision.

If you are single without pets, I suggest renting. This provides the most flexibility and less commitment. Your life is likely to experience a lot of changes so flexibility is nice.

Married? The happiness of your supporting spouse is essential. She/he is relocating to a completely new environment while you return to a similar job/work environment. The supporting spouse needs to have a local connection and a home is a great place to begin.

Children are the most important contribution that we make to society. Their stability is not negotiable. If you are not in a financial position to buy, then a lease purchase is your best alternative. A lease purchase allows your family to establish roots within a community and a school district immediately.

How do I know it is the "right" neighborhood/schools for my kids? There are many valuable resources that I share to help assure your kids are in schools you desire. No one knows your children better than you and you will know what you expect for your schools. There are a multitude of resources and I will help you navigate through the data.

Pets? That typically limits your options so a purchase is best if possible. There are always nightmare stories from land lords about pet damage. This is not to be taken personally against your pets since they are often an extension of your family.

We want everyone to feel welcome in the greater Charlotte real estate region. We want your home to be a place of happiness. Let's get together and visit Charlotte Homes for Sale and find the ideal Carolina Home for you and your family!

Discover Charlotte Foreclosures

2011-04-14T07:50:00.003-05:00

Charlotte Foreclosures continue to sell quickly and are a great deal! Many of the foreclosure sales are multiple offers and the closing prices range from 90% of list price to 105% of list price (reaffirmed this for the week of 4/14 through 4/21). The average is between 97 to 98% of list price.

All home buyers are looking for a good deal and Charlotte Foreclosures top the list! I share this data so you realistically know what response you are going to hear from the lender on bank owned homes. Everyone hears that cash is king and this is very true. Lenders realize that a cash deal closes more predictably than a home requiring a loan. I have seen banks accept an offer that is several thousand less (about $5,000) than otter offers for cash.

Understand it is strictly a financial decision from the banks perspective. Why should a bank accept $50,000 less? Let's say the monthly payment (monthly loss the bank is losing by holding up their money) is $1500. With Charlotte Foreclosures, the bank is not willing to accept almost 3 years of lost revenue by a quicker close. It is strictly numbers. The lenders know, based on foreclosure history in our real estate market, the time expected before the foreclosure will see. It is no where near 3 years. The vast majority (90%) were on the market less than 2 months.

When considering Charlotte Foreclosures, realize a good deal when you see one! What is the market value of a home, in today's market, in that neighborhood? Are you getting as good deal? It is really that simple. Too many people focus on the list price and not the actual market value. A wise buyer recognizes a great deal and knows when to react.

Call me, Rick Waite @ 704.770.6559 or email @ rjwaite1@gmail.com today for information on foreclosures and help with the process. Search Charlotte foreclosures and foreclosures in our suburbs today! It is time to get a great deal!

Increase in Charlotte Lease Purchase Agreements

2011-04-01T20:20:00.003-05:00

I have experienced a rise in Lease Purchase agreements here in Charlotte. I have found a wide variety of reasons for a lease purchase. So who is a candidate for a lease purchase seller? A local lease purchase seller must meet tight qualifications for the next mortgage. You must be able to comfortably afford both mortgages before you will qualify for the next home. If you are relocating, check with a local lender. A lease purchase may be an ideal option. Who does this help? A Lease Purchase buyer is a person that can not get financing at this time but will be able to in a year. many self employed business people are in this situation since the lending rules have changed and their past credit history now must also be supported by reported income. Most private business people reinvest their profits into their business and not take it as income. They must now change their business plan and take out proceeds of their business as income. This takes time to establish income. Another case is if you had late mortgage payments as a result of the economy over the past two years. You now have a new job and your income has returned. Your late payments must be seasoned before a new mortgage can be issues. Ultimately, there are many people that have fallen on financial hardship over the past couple of years. The reason for relocating is to bring your financial health back where it belongs. A lease purchase is a great option; you and your family are back in your own home and provides time to correct credit blemishes. Visit Charlotte Real Estate to learn more about your next home!

Real Estate Investor 101

2011-01-15T14:08:00.003-05:00

I have been finding several people recently that are considering investing in real estate. They have great credit, money for the required down payments and foreclosures are very attractive. The decision making is taxing and stressful. Consider the following information to "educate" yourself and enable for you to make a sound investment decision.

First you must consider what you are seeking. Is this a short term investment or a long term investment? If you are looking for a short term investment please keep in mind when reselling your home, there are lending restrictions on the resale. In addition, your purchase "establishes" market value at your purchase price. I suggest keeping and renting for a couple of years to allow the market/neighborhood recover from your purchase.

If you are considering rental properties (residual income) then you are looking at the purchase for positive cash flow. The first step is to speak to a good lender. You must know know the amount of upfront cash required for your loan. Times have changed dramatically over the past several years and continue to evolve daily. BE HONEST! This means with yourself, the lender, the seller and the Realtor. This way you are assured to making an intelligent decision and not building up false hopes of your investment.

If you are looking for a long term investment, consider the payment and your rental income. Does it meet your rental cash flow expectations. Also assume that one month of every year it will be vacant and you deduct this from your profit. If you renter moves in a year then you need to clean and find another tenant. This takes time and also must be considered. Yes, your tenant "may" be a great tenant, clean, responsible and stay for many years. Be prepared for a "less than perfect" scenario and adjust your expectations from there.

Charlotte Real Estate provides great potential but you need to do your homework. Understand why and where your rental clientele would like to live. Understand the demand and their potential needs. An informed buyer is a wise real estate investor.

Charlotte Foreclosures: Is it time to buy?

2010-09-20T07:51:00.004-05:00

Many people are looking for a great deal but most are still too timid to realize a great deal when it is right in front of them! It is incredible how many times I have worked with various buyers of Charlotte Homes and we find a deeply discounted home! The buyer then thinks that the deal should be better and tries to low ball the deeply discounted home. These offers are a waste of time and not worth the 3 plus hours to write the offer.

If a home is priced aggressively, the seller priced the home to sell. The lenders have a very good understanding of market values. They are pricing the homes to sell. The opportunist is realizing this and purchasing aggressively priced foreclosures. If the market does not return to $310,000 and returns to $250,000, you have made over $50,000 for living in your home! This scenario is based on one of my recent sales when the buyer purchased the bank owned home. We placed 4 offers on other aggressively priced homes prior to getting this home. Their foreclosure home was in amazing condition and reflects the previous owner had a lot of class (something that money does not buy) and just had an unfortunate situation occur.

It is time to purchase Charlotte Foreclosure Homes for Sale! If the political shift occurs in November, the Government becomes fiscally responsible, the economic activity will increase! Prices AND interest rates will follow! Millions sit on the fence when opportunity is in font of their eyes. Later the same people sit and wonder why they did not react???? It really is not rocket science. Follow your instincts and live without fear! You need a home to live for the rest of your life. Keep the needs of you and your family in perspective. Call today. Rick Waite 704-770-6559 and we will consider all of your needs and find the best deal possible! Let's get that home that is sure to keep a smile on here face for years to come!

Charlotte Home Prices and the Economy - It is time to buy!

2010-09-09T20:23:00.005-05:00

Everyone wants a deal when buying a new home. The odds are the prices are going up based on the upcoming elections! Charlotte Real Estate, as with the national real estate market, is hurting because many home buyers are placing their new home purchase on hold but very interested in discounted homes combined with historically low interest rates.

When is the Real Estate at the "bottom" and how do you know? Consumer confidence dictates much of the economy. The Government is making the majority of consumers nervous due to their spending habits. This is not a political statement; it is strictly numbers. You can not keep spending what you don't have.

Watch what happens after the election. IF this election follows history (poor economy results in incumbents losing their seats) then the election will change the temperament of our nation and many will take advantage of the renewed confidence in the economy. As a Realtor, I live in the real world and this is what I foresee occurring. As the economy begins moving, demand increases and prices follow. Based on this "reasonable" assessment, the time to buy is now. As the economy begins to stumble forward, rates will begin to rise and Charlotte Homes will attain a new level of normal. No, I do not expect it to return to the sub-prime lending levels but the housing market will rebound. Charlotte Real Estate is still very popular throughout the nation. The northeast is about to embrace for another winter. It's time to buy!

Visit Charlotte Real Estate for information about homes in the entire greater Charlotte Real Estate market!

Charlotte Homes Search

2010-08-26T21:42:00.004-05:00

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.

Charlotte Condos at UNCC

2010-08-01T09:29:00.003-05:00

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!

Charlotte Foreclosures

2010-04-29T23:13:00.003-05:00

As the economy continues to stagger, Charlotte Foreclosures remain a strong Real Estate option. Investors flooded the Charlotte Real Estate market a few years prior to the financing meltdown. Charlotte NC Homes for Sale were touted nationwide to be a great Real Estate Investment and Investors by the thousands swarmed to purchase homes. The vast majority thought their ideas were original not realizing that all of the other investors were doing the exact same thing! Investors purchased many homes in "starter home" neighborhoods and the result was plummeting values! As more investors moved in, rentals dominated and market values declined. It was really sad to see the effect on such a scale. The result was Charlotte REOs, Charlotte Foreclosures and Charlotte Bank Owned Homes!

Charlotte Starter neighborhoods were the least expensive new homes in any given area. Investors felt they could buy a new home, everything was under warranty, minimal risk of actually doing any major repairs and the ability to resell the home at a profit in 2 or 3 years. The problem was their renters dragged down the values so much that the resales were for a loss.

There are opportunities and each neighborhood is different. It can be a starter neighborhood in a depressed area or a starter neighborhood in a more popular area. Naturally the market value of the home will show you how depressed the area.

Do not rely on Tax Values! I will share how to understand tax values to aid in your assessment. The best Charlotte Foreclosures will continue to sell quickly! Visit my Charlotte Foreclosures web page for more information. Knowledge is key!

Charlotte Bank Owned Homes

2010-03-19T21:01:00.002-05:00

Charlotte Foreclosures provide great deals for those ready, willing and able to buy right now! The pool of potential Charlotte Home buyers is much smaller than it has been in years but that spells opportunity for others! Charlotte Foreclosure homes, unlike Charlotte Short Sales, are able to close quickly; often banks can close in less than 30 days!

There is a long careful process as the bank makes a decision on a home. There is a very careful analysis performed about the current value, the recent Charlotte Market Trends, current competing Charlotte Homes for Sale and much more. It is an impressive list of data to aid in the bank's decision making process.

Before the Hume goes through the foreclosure process, the bank has already performed a market analysis and knows what it is willing to accept. The bank has the home listed by a Realtor and priced based on its analysis. The home is already discounted based on its numbers.

The bank will want to close on the Charlotte Foreclosure as soon as possible (preferably within 30 days). Banks pr fer cash but accepts loans (not willing to re loan money on same house as you are purchasing it). Banks will rarely accept an FHA loan because the bank does not want to go through the repair process; they just want to sell the home (liquidate the asset) for price that is fair to the buyer and the bank.

Charlotte Foreclosures can be a great opportunity for you to take you next step in life. Contact me for your customized bank owned home search and let's find that ideal Charlotte Home for you!

Charlotte Rentals and Lease Options: Be Careful!

2010-02-04T20:42:00.003-05:00

I have had a recent reminder of a hopeful Charlotte Home buyer that was swindled by an investor. I write this as a caution based on personal training and now after meeting a recent victim.

Several years ago I was purchasing foreclosures from auctions. I personally witnessed many scams. I also took many courses; I was disgusted by what was taught. The statistics show that the vast majority of "Lease Options" never were executed. This was taught as a huge win for the land lord. You receive a large deposit (to be applied towards the down payment "if" the buyer can get financing). You, the landlord, charge higher than market value rent and the additional money from the monthly payment "is applied towards the down payment when the home is purchased (rarely actually occurs). When the buyer does not get financing, the landlord also keeps all of this "extra" money! You, the landlord also are not responsible for the majority of the maintenance since since the "Lease Optioner" is responsible for "their" supposed home!

There is even another twist. The hopeful buyers trusts the initial home value from the investor. The buyers complied with all of their duties. At the end of the year the young couple tried to get financing. The home would not appraise for the sale price the investor required! They could not get financing since the home was not worth what the investor "told" them it was worth (our market has not changed over the past year). The buyers lost their deposit, their additional funds every month and the maintenance was for free. Who wins? The investor wins by taking advantage of the buyer.

This is dirty and I did not rent because I could not take advantage of people this way. This does not mean every investor is this dirty but please be very careful. There are many unscrupulous people in this world and always willing to prey on the innocent.

Visit my Charlotte Real Estate website for information on Charlotte Homes for Sale or call me directly for assistance in buying your Charlotte Home.

Ballantyne Land for Sale

2010-01-21T02:24:00.003-05:00

There is a great new listing in Ballantyne for over 4 acres of land on Bryant Farms Rd. This is a great piece of Ballantyne Real Estate property within walking distance to Stonecrest Shopping and Restaurants. The land currently has a single family home but is zoned for subdividing! Yes, you can still create a small subdivision in South Charlotte and Ballantyne!

Visit Charlotte Real Estate and check out this featured listing for more information or call today at 704-770-6559!

How to consider an Offer for your home

2009-11-21T08:44:00.003-05:00

Many buyers are struggling with the value of their home. Everyone wants to pick a peak market time to select their "sale price" but pick the bottom of the market to buy. First rule: a home is an investment.

If you purchased stocks of IBM 20 years ago at $xxx and today those shares are selling for 10 times as much then what price would you sell them? You sell them for today's market value. On the other hand, if you purchased airline stock in the late 1990's and sold it today, what price would you expect to receive? We accept that when the value of stocks decline then we lost money. It is that simple.

The problem arises because of sentimental value. We, in our minds, value ourselves with the value of our homes. "I have $225,000 in equity." Reality this is like having $225,000 in the stock market. It is only on paper. It is not real until you actually have the green in your hand.

Your home is worth what a ready, willing and able buyer is willing to spend. No more, no less. Yes, in 50 years the value will change. It will also likely change in 2 years but it is the owner/investor that assumes that risk. You are right, the value may increase (as it had for you). On the other hand, the value may decrease (as it also has for you).

Do not expect the buyer to pay you in advance for the potential gain. Are you willing to pay more for Coca Cola stock than the current market value because the seller believes you will make a lot of money?

Consider every offer with deliberate consideration. Weigh it out. You are not selling your home full of memories, sweat and love. The buyer is purchasing an investment without the sentiment. The sentiment and warmth is a treasure that your home provided. You take that warmth with you for the rest of your life.

Charlotte Foreclosures are hot commodity

2009-11-08T07:58:00.003-05:00

Charlotte Foreclosures remain a hot commodity. As foreclosures in Charlotte come on the market there is a surging demand. A decent deal does not last long.

I am noticing a trend of Short Sales. Charlotte Short Sales are increasing for several simple reasons. Sellers are learning that before their home goes into foreclosure, the banks will consider a short sale with a ready, willing and able buyer.

The down side of a short sale is that the Charlotte home will not "close" for several more months. The banks/lenders are attempting to streamline their process but you must be very patient when purchasing a Charlotte Home via a short sale. It may take 5 months until the lender actually approves the Charlotte home for sale. Banks/lenders must go through an elaborate process to confirm true market value, assess the value of a foreclosure (less than a short sale based on the condition of the average home after the foreclosure), assure that the deal is an arms length transaction and "assume" the amount of the loss.

The decision to assume a loss for the lender is not necessarily easy and without risk. Consider every corporation to reflect "Survivor". There are always people watching and scrutinizing each decision. When you get too many people involved in a decision process, efficiency is lost exponentially.

Charlotte Foreclosures and Charlotte Short sales present opportunities for you if you are ready to buy today. Call me as your Charlotte Realtor at 704-770-6559 for a customized Charlotte Foreclosure home search. Caution: I share all or the greater Charlotte NC Foreclosures. Charlotte homes are not discounted like the hyper inflated markets but you can get discounts. Do not expect to see discounts like you will find in Florida, New Jersey, much of California, Vegas and Phoenix. These markets went up tremendously over the past 5 years. The discount you are really receiving is merely the market adjustments of a super inflated price. Charlotte Real Estate did not experience this type of surge. I share this so that you understand that these are the selling prices. I will also share recent sales so that you will know realistically what offers banks are accepting.

Chalotte Real Estate Quality of Life

2009-10-29T12:22:00.004-05:00

It is fall surrounding Charlotte NC Real Estate and we are experiencing our leaves changing. The weather in Charlotte North Carolina creates and ideal setting for your new home. Consider your current home and contrast that to Charlotte.

Today it will be sunny and highs in the 70's. That is our idea of fall. Yes, our grass is still growing as our leaves are changing colors. Peak colors were in the Asheville area this past weekend since it is in a higher elevation. This is the life style for Charlotte Real Estate.

Learn more about Charlotte NC Homes for Sale and visit Charlotte North Carolina for the fall; you will be packing your belongings as soon as you return home.

Charlotte Short Sales - Charlotte Foreclosures

2009-10-01T15:11:00.004-05:00

There has been a new stumbling block recently encountered for the purchase of Charlotte Foreclosures and Charlotte Short Sales. As with any obstacle, they are often the byproduct of recent/past troubles. Many lenders are now requiring a preapproval from a direct lender and not a Mortgage Broker. I understand this to a degree but I recently lost a Charlotte Foreclosure Property because my buyer could not get a lender letter soon enough.

My new rule is to require each buyer to speak to a national lender to obtain the pre-approval beforehand. I like my Mortgage brokers and they rarely let me down. The problem is that the Bank does not know the credibility with each Mortgage Broker and they want to assure the Charlotte NC Foreclosure makes it to cosing and the buyer can actually get the loan. I have no doubt there are those out there with dubious ethics and "stating" that the person is approved but in reality did not really check thoroughly.

Charlotte Foreclosures and Charlotte Short Sales are in big demand and you better be ready when seeking a discounted property. The discount is based on a smooth transaction and a prepared buyer. Give me a call and I will help you gt ready and then find ideal Charlotte NC Homes for Sale.

Charlotte Real Estate - Mortgage Rates

2009-09-14T22:54:00.004-05:00

Most people know that the first time home buyers credit of $8,000 is about to expire November 30th but do you realize that the mortgage rates are also likely to be heading upward soon? No I am not a mortgage broker but I also need to understand the mortgage side of the business.

The Federal Government has pumped over 3/4 of a trillion dollars into the real estate securities and Treasuries to superficially keep interest rates low. The federal program guaranteed funding for over a trillion dollars but is also due to expire by years end. This will result in increased interest rates and home owners having that much more trouble financing. The time to buy is now while the mortgage interest rates remain low.

Visit Charlotte Real Estate - Charlotte NC Homes for Sale today and Begin your home search. The market is still down along with the interest rates. Timing like this does come around too often in a life time. He who succeeds trusted his instincts and reacted in time.

First Time Home Buyer $8,000 Tax Credit

2009-08-30T17:52:00.003-05:00

The time is drawing to an end for first time home buyers to purchase a Charlotte Home and receive the $8,000 federal tax credit. There is currently a rush to purchase to make these purchases since the tax credit expires on November 30th, 2009. This means that you must actually be in your home by the end of November. Keep in mind that a Charlotte Real Estate closing takes about 30 days from the signed contract to actually closing on the home. This is if everything with the loan progresses without a hitch and it also depends on the lender. Many large banks process things more slowly and it would be wise to have your new Charlotte Property selected by the middle of October.

Your Charlotte home search may also take you longer than you anticipated. Keep in mind that the deepest discounts are bank owned homes and Charlotte Short Sales and these can take several additional weeks. As multiple offers are received on most of the Charlotte Foreclosure homes, you are losing valuable time while you wait.

Charlotte Foreclosures offer many benefits; there is risk but also great potential rewards. Visit Charlotte Real Estate - Charlotte NC Homes for Sale to begin your Charlotte Home search and Charlotte Foreclosures to learn more about Charlotte Bank owned homes, Charlotte Foreclosures and so much more.

Charlotte Investment Property Opportunities

2009-08-18T23:14:00.003-05:00

There has never been a better time to purchase Charlotte Real Estate. It is incredible to see the opportunity within Charlotte Homes for Sale based on the current fiscal challenges. As lenders continue to constrain cash flow many are poised for opportunity!

There are many custom homes that are brand new and have been on the market for several years. Charlotte Real Estate still has the same strong demand it is just now the buyers are not able to sell their out-of-state homes. Do you still smell housing opportunities?

The time to take advantage is before the economy picks up and when the real estate market is at its slowest. Call today for help finding that ideal home or visit Charlotte Real Estate - Charlotte NC Homes for Sale to learn about the greater Charlotte area and the Charlotte Suburbs.

Charlotte Homes for Sale

2009-08-03T23:53:00.002-05:00

It is somewhat odd the perspective of Charlotte Home Buyers when they relocate. When searching for home in Charlotte NC Real Estate, first you must look beyond price. I share this not to make you spend more than you desire but to assure you find a home that will at least be as nice as the one you are leaving. No one is relocating to Charlotte NC to live in an area less desirable then they currently reside. No?

Look where you are working first. Then look at the schools. Yes, school websites all provide the same meaningless intellectual nothingness. Keep in mind that their job is to sell their school. The school website is the last place you go for school information; it is so biased that you can read each and leave with the same understanding of nothingness.

The website of www.ncreportcards.org is a great place to begin. This site shares invaluable public information. Yes, it can be tricky to navigate but as you pull up Charlotte Mecklenberg Schools, of to the 2nd tab of a specific "High Student Performance".

Do not look for the largest home for the least amount of money. Where is that home at in your town? Why is that? Is there a reason? Yes, of course.

Housing prices are based on demand. Demand is largely derived from the locals. A relocation buyer frequently gets sold a parcel before the buyer realizes that this specific neighborhood is going through some changes. Guess what, he is now a local and buying a new home in an area that he likes. The new real estate prices will decline in the less desired neighborhood and increase in his new neighborhood.

As you consider your Charlotte home, please consider this perspective prior to buying a home. It is fantastic but you need to understand what you are buying beforehand.

Charlotte Investment Property

2009-07-26T00:04:00.004-05:00

I am amazed at how many "Investors" have purchased Charlotte Real Estate and have over paid for investment property. Many Charlotte Real Estate Investors purchased homes purely on speculation that the values were going to increase. They based their analysis (assuming they did one) on the facts that from 2005 and early 2007 the prices were very strong. What contributed to the rise in housing prices? Hurricanes.

The Hurricanes in the Florida and the Gulf created an exodus from those regions. In addition the higher costs of taxes, insurance and HOA fees further strained this declining market (more people leaving than moving in). Florida was poised to make huge gains over the next decade as baby boomers retired. 2005 changed this and now the baby boomers relocated to the Carolinas.

As real buyers entered our market the panicked Florida investors also jumped in as did others since the Carolinas were the new "Florida". There was a problem with this investment strategy: we did not have the rental population for investors! Charlotte still has a lot of room to grow and housing is relatively inexpensive. The new housing continued to place downward pressure on housing prices and rental prices.

Charlotte Property Investors purchased homes where they paid for people to stay in their homes (the portion of the mortgage that the rental market would not support). Purchasing rental property with negative cash flow is very high risk. Also this is Charlotte. Your renter is typically one of two types of people: one that relocated and WILL leave your home in a year and the other is a career renter and has selected your place for a reason. This is likely not the person you had hoped to attract.

Scenario one has you paying the relocation renter a portion of your mortgage every month in hopes that other investors did not watch the same national TV shows as you and the property values are going to increase in a year so you continue donating money to your tenant and eating at least another mortgage payment every year when the person purchases their own home.

The other scenario is a life long renter and the care that he does not concern himself with with your home. You are the rich guy with 2 homes in their mind.

Ultimately, the TV shows created many investors and these investors jumped in. They are losing a huge fortune with this strategy.

For now on, only purchase a rental home if there is enough cash to pay the mortgage. This payment must cover all of the expenses related to the rental property. Do not feel you are the only one that watched those shows. Purchase Charlotte NC Homes for Sale for your personal new home and you will be delighted that you have.

Tega Cay Homes for Sale

2009-07-03T23:22:00.003-05:00

Many people visit Charlotte and leave without finding a home or an area they like. The first thing to understand about Charlotte Real Estate is that Charlotte is very diverse and has a wide variety of of homes and locations. How about Tega Cay Homes for Sale?

Tega Cay Real Estate provides a variety of housing options. The "older section" of Tega Cay was built in the 1970's. These homes are constructed on a peninsula of Lake Wylie and built around a 27 hole golf course. The community has one way in and one way out. You pass the police station on the way in and on the way out. If you are seeking a "safe" place to call home, Tega Cay is your destination.

Tega Cay definitely has a resort feel to it. As you enter you will notice the park like feel with the trees along the road, the golf course to your right and left along with walking paths. Tega Cay Homes have a unique charm modeled after the Polynesian Islands. The community has a marina, parks, tennis courts and the golf course.

The newest section of Tega Cay is Lake Shore. Lake Shore is a new Tega Cay subdivision that was built by multiple builders. Each builder has a neighborhood within the neighborhood. You will definitely find Lake Shore to have a new community feel.

Tega Cay SC Homes are located in York County SC. Tega Cay attends the Fort Mill schools which maintain a record for superior academics. You will be pleased that you purchased Tega Cay property.

Come visit Tega Cay SC Homes for Sale; you will not be disappointed. Tega Cay Real Estate is very unique and offers something different for your new home.

Charlotte Homes for Sale

2009-06-15T23:30:00.004-05:00

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.

Charlotte Home Equity - Home Equity Loans

2009-06-04T06:50:00.003-05:00

Many buyers are programmed with a misconception of home equity. Home equity is the difference in market value to how much you owe on your home. Home Equity was something you realized when you sold your home in the future. It was not "liquid" meaning the only time you could access the "equity" was when you actually "cashed in" and sold your home.

This changed with the creation of Home Equity Lines of Credit. The government realized a lot of US wealth was "tied up" in real estate (securely and responsibly invested). In order for a more robust economy, home equity loans were created. This allowed the "best" of both worlds; people now did not need to sell their homes to realize the "savings" they had in their homes.

Initially this was utilized to improve and update your home/investment. It quickly deteriorated into people using their HELOC (Home Equity Line of Credit) as a credit card and their savings dwindled. Now you have your big screen TVs but you also have another bill.

Many people were looking for desperate sellers and banks were lending money on a home that you just purchased for more than the home was worth under the pretense that you were going to reinvest the money to increase the value. This did not and does not work. Most people do not realize that changing light fixtures, plumbing fixtures, a new deck and an expanded bedroom does not increase the value of you home in proportion to what you spend. You invest $20,000 and you home's market value increased $10,000. Now you owe more than you home is worth!

It does not take long for banks to get stuck holding the bag. That is ultimately where the "Buck stopped here". Here we are today.

Today the market is back to where it was a couple of decades ago. The bank crisis is the result of unforeseen consequences (poorly made decisions without adequate understanding of people). The market value of the home is the price you paid. That is the market value. Is it cheaper than someone paid last year? Probably? Is it a good deal? Yes. Do you have a home with a smaller payment than the other person? Yes. Can you get additional cash to spend? NO!

Home equity lines of credit are now primarily only if you have 20% equity in your home. That means if a bank/lender performs a market analysis on recent sales, your debt on the home is less than 80% of the value. The lender will then lend you up to the 80% mark. The other 20% will be realized after you sell your home. Keep in mind that a portion of that "equity" will be paid towards the cost of selling your home so you will not receive the whole 20% so do not spend that money until it is in your hand.

The rules keep changing and we are in a period of dramatic changes. When purchasing a Charlotte home look to purchase a home is a stable neighborhood (without a lot of Charlotte Foreclosures) to assure the value of your home will appreciate in years to come. Charlotte Real Estate is a long term investment. It's your home.

Visit Charlotte Real Estate to learn more about the greater Charlotte Real Estate market and come visit. You will love it in Charlotte NC!

First Time Home Buyers Receive $8,000 Tax Refund!

2009-05-04T21:44:00.004-05:00

There has never been a better time for first time home buyers to own their own Charlotte NC home. Interest rates are at historical lows which makes a HUGE difference in your Charlotte house payment and the size of home you can realistically afford.

Now add Charlotte foreclosures into the equation. I do not recommend a foreclosure to the first time home owner unless you are financially prepared for the cost of repairs. BUT what the Charlotte foreclosures have down is suppress the market! This means that the "normal" home appreciation has been placed on hold. Homes are not appreciating because of the downward pressure placed by foreclosures. Basic housing economics dictate that when a surplus of homes are on the market, the values will fall. The foreclosures are "unexpected sales" which are saturating the markets. This prevents great Charlotte Homes from feeling their true values.

Finally the Federal Government is providing an $8,000 tax credit for first time home buyers. There are rules to prevent manipulation of this credit. You can not have owned a home within 3 years (including your spouse with joint tax returns). The $8,000 tax credit is an actual $8,000 Federal Tax Refund when you send in your taxes! This basically means you can basically live for free for the first year!

In order to qualify for the full $8,000 your home must cost at least $80,000. This is easy within Charlotte NC Homes For Sale since the vast majority of our homes exceed this amount. IF you purchase a less expensive Charlotte Home then the amount is prorated based on the value of the home.

This is a win/win for the first time home buyer. With an FHA loan you will only need a 3 to 3.5% down payment. When taxes come due you can now deduct the mortgage interest, the property taxes and then the first year you get the additional $8,000!

Call me today and let's explore your options! I do not want you to buy more home than you need nor more home than you can afford. Visit Charlotte Real Estate for more great information about Charlotte NC Homes for Sale and the Charlotte Suburbs.

South Charlotte Real Estate Bargains

2009-04-21T21:16:00.004-05:00

Many people are seeking a deeply discounted home in South Charlotte. It helps to understand the growth around Charlotte and then you can better relate to what is really a good deal. The growth of south Charlotte is an important factor to consider.

Charlotte Real Estate always maintained a steady and sustainable growth and appreciation rate. In 2005 the national stage changed the real estate market forever. Yes, forever is a long time but let me explain. In 2005 the hurricanes devastated the Gulf States and especially Florida. There were thousands of people relocating to Florida every year and the growth was accelerating. The baby boomers were retiring. Florida had affordable housing, lower taxes and warmer weather. Then 2005 happened.

As the repercussions of the hurricanes took hold, the Florida property taxes skyrocketed. All of the damage sustained created a huge tax short fall. The public demanded things repaired and in working order. Who do you think pays for all of those building, parks and Government paid amenities? Thank-you tax payers. The Government went to their fund sourcing (home owners) and took the money they needed/wanted. Now that 2005 happened do you think the Government will ever be caught that unprepared again? Do you think they will just lower the taxes only to face another crisis in the future? Not likely.

Home Owner Insurance also was devastated. Insurance companies had to increase all of their premiums to pay out all of the claims. The insurance company had to change their calculations so that they will be prepared when the dramatic hurricane season reoccurs.

The HOA's also took a beating. Landscaping, roads, pools and so much more was devastated. Did they have the reserves for repair? Where do they get their funding? Now that they have built up their reserves, do you think they will reduce the HOA or just spend the money they have?

Now back to the South Charlotte story. South Charlotte was already almost completely built up by 2005. Very few new homes were built in South Charlotte from 2005 to 2008. There was no land left! Yes, Stone Creek Ranch was being built but that was the last mega development in South Charlotte.

The Hurricanes redirected the public from Florida to Charlotte North Carolina. This influx was from the north (greater New York area) and the South (Florida). Charlotte NC housing prices experienced great demand and builders could not build homes fast enough. South Charlotte was already very popular but without new housing there was not too much influx of new people. The South Charlotte Real Estate market was not flooded with new NC Residents. Our property values did surge (more demand than supply) but only a small fraction of people purchased South Charlotte Homes at this time (once again, no supply).

When the economy took a down turn, prices did drop but most of South Charlotte was not involved or overly committed to their mortgage. As a result, South Charlotte NC Homes for Sale largely maintained their value and there are not too many steals out there. But what really is a steal. Is a steal when no one wants the home and you get it at a deep discount? What do you think will be your rate of return in 3 years? How about if you purchase a South Charlotte Home at a 10% discount. Where will you be better off in three years?

Think about your investment and ask more about our market. Appreciation should be based on solid fundamentals. Visit Charlotte Real Estate Charlotte NC Homes For Sale for additional information about Charlotte Property.

Charlotte Homes for Sale - Mortgage Issues

2009-04-14T21:30:00.003-05:00

There is one looming factor that is on the horizon that needs to be considered. Many people purchased homes with 80/20 mortgages. An 80/20 mortgage is when you purchase a home with a 80% first mortgage and a 20% 2nd mortgage. The 2nd mortgages were at a higher interest rate and many were adjustable rate mortgages (AKA Arms). The plans were for home owners to refinance the 2 mortgage in a few years before the interest rates adjust. Then the market changed!

Lenders/investors will no longer finance the 20% 2nd mortgages. Many new home buyers will be stuck with their ARMs. This means many ARMs will adjust upward and your monthly payments may become out of reach. You can hope for some appreciation and then perhaps get a new 2nd mortgage for 10%.

I strongly recommend paying additional principle now to your 2nd mortgage so that you can refinance your home later or at least be in a financially secure place in the near future. To learn more about the Charlotte Real Estate market including questions about your mortgage contact Rick Waite @ 704.770.6559 or visit my websites at Charlotte NC Real Estate today.

Charlotte NC Homes For Sale - Are Banks Making Loans?

2009-04-02T15:46:00.004-05:00

People continue to ask if banks started making home loans. This is an amazing question since they never stopped making home loans. Yes, they are actually using financial criteria before making loans but if you are credit worthy, you can get a loan.

Banks have returned to the rules or 10+ years ago. Loans are readily available with 10% down payments or greater. There are FHA loans with 3.5% down payment but FHA loans entail more red tape and higher lending fees.

I actually just sold a home and this week and they locked in a rate under 5%. If you have bad credit, you will not get a loan. The problem is people with bad credit feel entitled to loans. There are simply no investors dumb enough to "donate their hard earned savings" for high risk mortgages.

The hope of those with poor credit is for the Government to blackmail or extort financial institutions to repeat the same mistakes over again. Our hope is the Government will actually help. How about providing education for borrowers so that they have the opportunity to improve their credit and eventually they can qualify for a mortgage by earning it?

Mortgage companies/lenders lend money, package the mortgages and then sell them on the secondary markets. The secondary markets are investors. Investors have learned that the high risk home loans are "junk" and will not purchase them. If the banks decide to make these high risk loans, the assets of the bank would rapidly be tied up for many years since no one will purchase the paper. Banks do not have enough reserves to actually hold onto all of those mortgage notes.

In addition they have learned they can not afford the high rate of default of the sub prime borrowers. There are concerns with purchasing a primary residence out-of-state without a job or income in this state. Many investors/speculators were doing this. These investors/borrowers had a huge rate of default. Either the speculators were hoping for a quick buck or the home owner could not find the job they had hoped.

Income verification is now essential to getting a loan (and the income must be transferable to your new place of residence). Many defaulted loans were because of people relocating "and hoping to find a similar job". Mortgage companies were making loans to these people and now have learned the foolishness of this plan. You need to have an actual documented income to assure you can actually payback the loan. Sounds obvious, no?

Banks and Mortgage companies are still in business. Their business is to safeguard our deposits and lend out our money responsibly. They are actually running their institutions responsibly. This is the way it should have been all along. Home ownership is the American Dream but it is the result of responsibility and hard work. The American Dream is reality but it is not a gift based on the sweat and sacrifice of another.

Charlotte Real Estate offers a multitude of opportunities. Your American Dream awaits.

Charlotte Foreclosures - Better Move Quickly

2009-03-19T21:41:00.004-05:00

I am still amazed at how quickly Charlotte Foreclosures continue to sell. I was showing homes today in Tega Cay and one was a Foreclosure. The Tega Cay home was on the market for 13 days and my client was interested after actually seeing the home. I contacted the listing agent only to discover the bank already had 4 offers on the table and the counter offer was accepted today. It is incredible to see the interest is still here in the greater Charlotte Real Estate market. The home buyers are definitely more discriminating than the past several years.

Over the past several years we were inundated with subprime borrowers and Charlotte Real Estate Investors. This superficially inflated the condo market and starter neighborhoods. Now home investors can no longer find someone willing to risk cash for rental properties. When the risk outweighs the gain then it becomes a donation and not an investment. The donors are out of business.

Today's Charlotte Real Estate Home buyers are primarily looking for a place to call home. This is the sound fundamental economic activity that we need. The proud home owner in Charlotte can find great deals. Yes you need good credit and must be responsibly able to invest in a great home.

Charlotte fundamentals are still solid. Charlotte is still the desired destination throughout the nation. The declining cities across the nation are all too aware of this trend. Expect that they will try to downplay the desire for Charlotte Real Estate relocations. They do not want their tax payers to leave. Fortunately enough people already have friends and family in Charlotte so the media will not be their only source of misinformation.

Charlotte Real Estate remains a great option and Charlotte Foreclosures offer a great opportunity for the savvy buyer. Please understand the fundamentals of our economy prior to purchasing a Charlotte Foreclosure. Starter Neighborhoods will takes additional time to recover. An established neighborhood (older than 6 years) will recover more rapidly than a starter neighborhood constructed during the subprime give aways. The Charlotte condo market also has additional considerations before purchasing a home. Visit my Charlotte Real Estate website for additional information about Charlotte or call me directly at 704.770.6559. When is a "deal" really a "deal"?

Charlotte Neighborhoods

2009-03-12T18:54:00.003-05:00

Southwest Charlotte Real Estate continues to grow and the Charlotte neighborhoods continue to evolve. The Charlotte Schools must continually update the school zones to accommodate the Charlotte population growth. One change for he upcoming year is the new Dixie River Rd Elementary school to open by the Berewick subdivision. In addition to the new elementary school the Berewick subdivision has been assigned to Olympic High School. The opening of the elementary school is just the beginning of the growth in the area. The commercial development of the greater Berewick community is still under way and this will simply further amplify the appeal of this prestigious Charlotte neighborhood. One of the great things of Berewick is the proximity to Lake Wylie. No Berewick is not on Lake Wylie but Lake Wylie parks and recreation is only minutes away!

Visit Homes in Southwest Charlotte Real Estate and you will be struck by the growth and know the future of Southwest Charlotte will be positive! Visit Charlotte NC Homes For Sale to learn more about the greater Charlotte Real Estate community.

Buy Real Estate now of donate your income to the Government!

2009-02-26T16:44:00.004-05:00

The new administration is in full swing and as the budget details are revealed many will need to rethink their financial plans. It is no longer of value to have stock investments. This is not necessarily to the decline but due to the taxation rates if you are successful.

The wise money will be purchasing real estate. It is time to liquidate taxable income, acquire assets and minimize expenses. It is time to purchase your dream home or your retirement home today! Big money sees what ahead and you need to secure your assets.

There are many options within Charlotte Real Estate that will fulfill your needs. We have golf course communities, Country Clubs, Lake Front Properties and much more. Regardless of your desired home we are sure to have it here.

Visit Charlotte NC soon and buy now while you still have the liquid assets to do so. The wise stay ahead of the curve. The greatest benefit is the price stability of Charlotte NC Homes For Sale. Yes Charlotte has been impacted by the severe national real estate down turn but is still the safest bet in the nation.

Visit Charlotte Realty and learn about all of the great potential today!

Charlotte Neighborhoods - Homes in Ardrey

2009-02-16T14:52:00.004-05:00

Ardrey is a premier neighborhood within South Charlotte Real Estate that offers a community like no other. Ardrey homes are built by the Cunane Group and provide a Charleston Style home. These homes are rich with character including 3 story porches, ceiling fans on your porches and each home has its own sense of self. The exterior finishes of the homes are a soft pastel and this provides a very warm and open atmosphere. The vast majority of the garages are around back to keep the front view of your home appealing (nothing worse than a huge garage with a home attached).

The size of the homes will deceive you. They are much larger than you would think. The homes are constructed with the master bedroom on the main floor. The majority of the homes are 2 story but there are many that also have a 3rd floor. The kitchens are open with all of the upgrades you have come to expect. These include the granite counters, tile back splash, hardwoods or ceramic tile and custom cabinets.

The neighborhood is close to the new Elon Elementary School and Ardrey Kell High School. The prices range from the low $400's to $600,000. This is a neighborhood that will make you smile every time you come home and a delight for company. There are several parks and a community poos to further enhance the family atmosphere. If you are seeking a home with character and warmth, you have arrived. Call me today to view some of these fine Charlotte NC Homes for Sale and learn about our thrilling communities,

Visit Charlotte NC Homes For Sale and discover the great Charlotte Real Estate market.

Fort Mill Real Estate Lancaster SC Homes For Sale

2009-01-25T07:54:00.005-05:00

Fort Mill SC Real Estate is conveniently located less than 10 miles from uptown Charlotte. Fort Mill has some of the best academic scores in all of SC and provides a great environment for a family relocating. Did you know about Lancaster SC?

Homes in Lancaster are experiencing explosive growth. Lancaster County is just south of the prestigious Ballantyne area in Charlotte North Carolina. The affluence is spilling over into SC in a tidal wave!

The portion of Lancaster County that borders Charlotte is technically "Indian Land". This community is flourishing as can be seen as you drive south on Johnston rd (US 521) off of I-485 in south Charlotte. The area confuses many people because this portion of Lancaster County is Indian Land but the mailing address is still Fort Mill SC. Fort Mill and Fort Mill schools are in York County South Carolina. This portion of Lancaster County will attend Indian Land Schools. The Fort Mill Post Office is what services the area for your mail. This is why you will have a Fort Mill mailing address but ultimately you are in Lancaster County.

Indian Land is thriving and destined for growth. The new Lowes home improvement store is under construction, the new Harris Teeter is due to open outside of Sun City, the new Wendy's just opened and so did the CVS. A Kohls and Walmart are also being planned. This area will have all of the conveniences of South Charlotte and still the tax structure of South Carolina. As previously shared, the property taxes in SC are almost half of the property taxes in NC. I realize f0r those of you moving from other ridiculously taxed states that the difference between $3000 a year and $1500 is not that big of a deal but I am sure many of you would rather spend the extra $100 plus a month somewhere else.

If you are relocating to the greater Charlotte area then you should also look into Lancaster SC as a great place to call home. Learn more about great Charlotte NC Homes For Sale by visiting my website or just give me a call.

Charlotte NC Homes For Sale and the Illusive Home Equity

2009-01-20T11:39:00.004-05:00

Many people are searching for a great Charlotte home with lots of equity. First we must understand more about "real home equity" as opposed to "theoretical home equity".

Real home equity is when your home is worth more than you owe. The difference is your home equity. Now what is your home really worth. The market value of your home is worth what a normal person is willing to pay at any given time.

If someone was willing to pay $500,000 two years ago but you owed $300,000 then "IF" you would have sold it then you would have had $200,000 in equity. Let's say now you can only sell the home for $325,000. Your home equity is now only $25,000. If the owner is selling now trying to sell it for $400,000 and states he is "giving you" $100,000 in instant equity, what are you really getting.

You do not buy homes base on the price it sold for at the peak. Consider this like you would purchasing stock in coca cola. Would you be willing to purchase the stock above the current value if the stock was once priced twice of what it is today? No you would not (if you would I have some stock for you to buy).

You purchase a home at today's market value. If you purchase a home that is discounted, you have just reestablished a lower market value for the community. Yes the prices will likely rise in the future and in a few years the purchase "may" have proved to be wise. If you are purchasing a home in a declining neighborhood, is it really at the bottom? There are many factors to consider.

If you would like to share ideas or learn more about the greater Charlotte Real Estate market then visit my website or pick a phone and give me a call @704.770.6559. I can assist you with your Charlotte Real Estate Investment.

Fort Mill Real Estate

2008-12-29T17:13:00.004-05:00

Fort Mill SC Homes for sale continue to be one of the best deals in the greater Charlotte Real Estate market. Charlotte NC Homes For Sale provide an abundance of opportunities assured to satisfy the needs of our citizens. Let's take a closer look at Fort Mill Homes For Sale. What benefits are there to reside in Fort Mill?

Fort Mill is located in York County SC. Fort Mill borders Charlotte NC and is only 10 miles from downtown Charlotte directly down I-77. Yes, Downtown Charlotte is actually called uptown Charlotte. The name has changed back and forth over the years but now commonly known as uptown Charlotte but uptown or downtown is one in the same. This makes homes in Fort Mill a fantastic option because you can work in in town and enjoy the benefits of Fort Mill.

Fort Mill Schools have a great academic record and this feeds the demand for Fort Mill Real Estate. One convenient way to compare academics is to compare both SAT Scores and participation rates. This permits a universal system of comparison throughout the nation. The "Standardized Testing" is currently not "Standardized" and standards vary from state to state. The standardized testing is ideal for comparing schools within a given state. Unfortunately these are not a lot of help when comparing from state to state.

Fort Mill Property Taxes; South Carolina has an interesting method of assessing/collecting property taxes. SC Property Taxes are assessed at a higher rate if you purchase an investment property and home owners/residents actually will pay almost half of the taxes of the investor. This is an obvious disincentive for the real estate investor (simply purchase a home in Charlotte if you are seeking "renters"). This actually helps home owners because you have a much higher percentage of home owners and home owners take more pride and care of their SC Properties.

The property taxes are also lower in SC because of the method of school funding. South Carolina does not merely require home owners to fund all of the schools but felt in more equitable for everyone in SC to pitch in for the school funding. The state sales tax and the lottery is how the schools derive their funding. This further reduces the tax bill for the SC home owners.

Fort Mill Subdivisions offer many options and various price ranges. Most homes in Fort Mill are new. If you are looking for lake property consider Lake Wylie in Fort Mill and Tega Cay. There are golf course communities, close to shopping and all of the luxuries you were seeking. Visit Charlotte NC Homes For Sale today to discover options within Charlotte Homes and all of our suburbs.

Charlotte Lake Homes

2008-12-11T08:32:00.003-05:00

Many people have Charlotte North Carolina Real Estate in their retirement plans. Charlotte has been growing for many years and keep in mind that large land developers have been here for many years. It is incredible to find huge elaborate developments being constructed on large lakes an hour plus away from Charlotte.

Badin Lake is one example. Badin Lake is about an hour east of Charlotte. Uharrie National Forest borders the lake and Uharrie Point is a fantastic gated golf course community on the lake.

An hour south of Charlotte is Edgewater in Lancaster. Edgewater is on the 3300 acre Fishing Creek Lake and is another golf course community. This provides the low taxes of SC and still within a reasonable commute to Charlotte for amenities. The construction has just begun on this development. Interior lots range from $75,000.

There are also extensive River front developments under way (an hour away from uptown Charlotte). One example is RiverChase Estates in Lancaster SC. This is still in the predevelopment phase and this gated community will provide natural winding roads with river views.

How does this impact your retirement plans. The demand for water front property is very high. With national developers purchases large land parcels, the cost of the price escalates. The smaller homes along the lakes now have a value that far exceeds the value of the actual home. These homes will be "tear downs" and the lake front mansions will take over.

Charlotte Property opportunities? Yes there are always opportunities for great investment properties. You just need to realize that you will not find a lakefront lot for less than $100,000 and likely much more than that. Charlotte lake property will continue to appreciate and it will be wise to purchase your lot as soon as possible. The demand will only increase in time.

Visit Charlotte Homes For Sale for additional information of the greater Charlotte area or call now at 704.770.6559 for assistance. I will send you regular updates so that you can watch for that ideal home to come up for sale.

Charlotte Condos - Charlotte Townhomes

2008-12-04T09:49:00.004-05:00

Charlotte Real Estate provides endless housing options and Charlotte Condos are a fantastic choice. As the population of Charlotte continues to grow, our condos and townhome options are increasing. Condos and townhomes are often a great option for singles, young couples and seniors. Townhomes provide the freedom of home ownership without the additional responsibility of lawn care. This is ideal for the busy professional. Visit Charlotte Condos Charlotte Townhomes for additional information in the greater Charlotte area.

Charlotte has a wide variety of condo options including uptown condos. Center city Charlotte has dramatically transformed over the past decade. This small city now is bubbling over with young professionals, clubs, restaurants and is full of energy.

As you travel around Charlotte you will find other options such as Rosewood in South Charlotte. Rosewood proudly boasts of million dollar condominiums. Words can not accurately reflect the corpulence you will experience in these condos.

The options are endless and really needs to be seen. There is something for everyone and the prices range from less than $100,000 to well over a million. It all depends on what you are seeking. Call me directly and I will help you discover that ideal townhome or condo that you always wanted.

Charlotte Real Estate Growth and Kannapolis NC

2008-11-16T18:58:00.002-05:00

Kannapolis North Carolina Real Estate is still a great place to buy a home especially in today's real estate market. What is so special about Kannapolis NC?

Kannapolis is located northeast of Charlotte and located in Cabarrus County. Kannapolis was a mill town built around the textile industry. As the textile industry faltered a new age began. Bio-technology has now taken control. UNC, Duke and Dole Foods began the construction of the new research park. The first employees are just beginning but the greater area is thriving with energy. The old country club has been revitalized and the old mill homes are transforming into ideal craftsman style homes. There are several great custom home neighborhoods that are blossoming.

Wellington Estates is one of these custom neighborhoods. The lots are large with an ideal peaceful setting in the country. These are 4 side brick/stone/stucco homes with side load garages. The elegance of Wellington Estates awaits your entry into our market. The neighborhood only has 9 lots remaining and these will not last long.

Consider Kannapolis for your newest business adventure and you can be assured to see dividends in the near future. Visit Charlotte Real Estate - Charlotte Property For Sale for additional information of the greater Charlotte NC region.

Instant Equity: Fact or Fiction

2008-11-04T08:09:00.004-05:00

Many people are now seeking to purchase a home with "Instant Equity". This is the term used for purchasing a home far below market value. TV shows people making millions purchasing these homes. Unfortunately reality is not a TV show (or fortunately based on your perspective).

Real Estate Equity Loans were a Government creation to circulate additional "savings" into the economy. The additional financial fluidity looked great for a short period of time but once again the unintended consequences got us! The purpose of the loans were to allow responsible home owners to spend their home equity and stimulate the economy. The lenders did not discriminate (a euphemism for using sound judgement) based on equity percentages and time of home ownership.

Markets were thus superficially inflated, "investors" continued pulling out "equity" and living off of the "extra money" from their homes. The house of cards has collapsed! What did the investors do? Since there was not really any "equity" the Investors/magicians simply walk away and left the American public holding the bag.

The net result of this further amplified the sub prime crisis and added an entire new dimension to our financial crisis. Banks/lenders have learned from this lesson. The illusion of equity is only on paper. Banks are now more cautious about lending money for "equity". Why?

A bank lends money to generate revenue. The bank then sells the loans to investors in the stock market. The problem is that investors are no longer willing to purchase these type of "packaged loans" at the low interest rates (higher risk loans with small rates of return). The bank is left holding the bag. The banks do not have infinite resources (only our individual deposits) and can not survive on the meager rates they are charging for high risk investments.

A home was always intended to be a long term investment. We need to accept this reality. The short term appreciation rates are superficial and created by transitory programs or people (both by government and investors).

Your home equity will be there only when you sell. Do not believe the entertainment TV programs (you ever wonder why they are called "programs"?). We live in the real world. A home is a great investment for your future. Are there good deals available even in Charlotte Real Estate (Charlotte NC was not as superficially inflated so the drop is very small value/price)? Yes.

Is there instant equity? Yes and no. You need to accept this equity is in the future and currently only on paper. It is not real until you sell your home. How much is your home worth? It is worth exactly what a willing and able buyer is willing to pay. If you just purchased the home for "X" amount of dollars then you have just established the market value. There is no equity.

Sweat equity: This illusive term equates to money that the seller discounted the home based on the repairs needed. You can purchase a $200,000 home for $150,000 but need to invest another $50,000 to in order to see the $50,000 in home equity. Yes, you can do much of the work yourself. Question: if you have just performed $50,000 worth of construction work to regain your "equity", was the risk of purchasing the home really worth it?

There is a lot to consider about home equity but be very careful before tapping into this fund. Lenders are not likely to give you mare than 80 percent of you appraised value and you will pay money for the appraisal and the loan (additional equity that you lose). What will be the appraised value after you just purchased your home? Exactly what you paid for it! Be wise, be careful and purchase a home based on real value and not "perceived value".

Charlotte Country Clubs

2008-10-18T21:02:00.006-05:00

There are a wide variety of Charlotte Homes and the luxury homes in Charlotte Country Clubs provide the life style you desire. There are a wide variety of Country Clubs in the greater Charlotte Real Estate Market and sure to meet your expectations. Lake Norman Country Clubs are very nice with great views of the lake. If you are looking for a more remote country club then consider Badin Lake to the east of Charlotte. Badin Lake is a bit too far for a Charlotte commute but offers a very serene lake and a fantastic option.

Kannapolis has a new Country Club also just minutes away from the new bio tech research park. As the Kannapolis Research Park expands, the demand for these homes will increase exponentially.

South Charlotte and Union County has the highest Charlotte Country Club density by far. This includes Piper Glen, Ballantyne Country Club, Firethorne Country Club, Providence Country Club and Longview. Longview has tremendous custom homes that are for only the most successful amongst us with multimillion dollar exquisite homes.

Visit Charlotte Real Estate and Charlotte Country Clubs for your next home.

American Economy and the Real Estate Market

2008-10-10T12:18:00.003-05:00

Many seem puzzled because the "Government Fix" did not serve the intended function. Why?

It is because investors are smarter than this. The Government blackmailed lenders to make high risk loans. The Government then promised the banks that Fannie and Freddie will guarantee these loans. What made the Government do this?

Our weak politicians caved to special interests and allowed themselves to be blackmailed. Special interest groups (like ACORN) threatened continuous litigation unless the corporations would submit to their fallacious claims. Groups like ACORN discovered that it is easy to blackmail the Government. The politicians buckled and found it easy to make someone else invest/lose their earned income to humor the socialistic interest groups.

Yes, Government regulation created the problem. The bail out plan did not address the problem! What? How ignorant can they really be? Or how stupid do they think we are?

Now we have presidential candidates stating that he will renegotiate home loans and interest rates! What? This is HUGE! You struggle to live within your means, take pride in personal responsibility and pay your bills. Your neighbor does not share your sense of personal responsibility and does not pay for his home.

You and you neighbor purchased homes. Both borrowed $200,000. Since your neighbor can not afford his home, the candidate wants you neighbor to pay less interest and only have him pay back $100,000. Hmmm? What do you think this did to your market value? The Government just tanked your largest investment! Why? Because you struggled and sacrificed to pay your debts. How about your neighbor? Well he wins. He is less responsible and now given a $100,000! How about rewarding responsible people?

What does this do to investors? Let's put you in their shoes. You have a half million dollars to invest. You invest this money and it ultimately goes through corporations and purchases mortgage notes. Your rate of return is based on the risk. Now you invest your $500,000 and the money backs mortgage notes.

The borrowers are high risk borrowers and the investor now is not only losing his return, he is losing his principle. There is a foreclosure process to minimize the loss. The Government now is stating that it will reduce the PRINCIPLE and the INTEREST RATE! So the Government just decided that the money that you invested (with a 5% rate if return) will now return you 2.5% (hopefully breaks even with inflation). IT DOES NOT STOP THERE! Now the Government decided that you will only get $250,000 of your principle paid back to you!

You would be less than intelligent to take your hard earned money and throw away half. This is thievery!

How can we fix this? Get the Government out of private industry! Allow business to make sound business decisions based on profitability. There do needs to be more laws. Frivolous lawsuits need to be penalized. There must be accountability to reduce the litigation based on fraudulent grounds. Corporations are placed between a rock and a hard place. They either fight frivolous lawsuits (which are often blessed by the Government) or cut their losses and just submit to the blackmail!

We are waiting for the creators of the problem to fix it! The silent majority better exercise their neurons and get the Government back out of business regulation. Then stop the blackmail and fraud.

Charlotte Real Estate Suburbs & Fort Mill Real Estate

2008-09-27T06:43:00.005-05:00

Charlotte Real Estate continues to mature and the surrounding growth is becoming established especially in Fort Mill Real Estate. Fort Mill SC is 10 miles from center city Charlotte and provides many unique advantages for a person relocating. So what are the benefits for homes in Fort Mill?

Location and Commute: As initially mentioned, Fort Mill is only minutes from Uptown Charlotte. Fort Mill SC is located in York County South Carolina and just south on I-77 so the commute for work is ideal. You will also note the Fort Mill road infrastructure has been well planned and enables you to live in Fort Mill and conveniently work in Charlotte.

Property Taxes: Fort Mill (all of South Carolina) changed the process in which they fund the schools. The schools are now funded via the sales tax and also lottery proceeds. This provides a more equitable means of funding since renters and tourists (not claiming this to be "fair" but it is a benefit for home owners) contribute to one of the most important aspects of life style, the schools.

Fort Mill Schools: One of the great benefits of Fort Mill Real Estate are the Fort Mill Schools. The schools are among the top rated schools in the state and their SAT scores are also highly ranked as compared to the rest of the nation.

Tega Cay Real Estate: Tega Cay as initially a development within Fort Mill but is now a separate city that is surrounded by Fort Mill. Tega Cay still attends all Fort Mill schools so if you find Fort Mill Schools desirable then you will also consider Tega Cay. Tega Cay Real Estate for sale is a great option.

Visit Charlotte Real Estate to learn more about our economy, our schools, and our real estate opportunities.

Charlotte Real Estate with Equity

2008-09-15T08:38:00.004-05:00

There are Charlotte Homes with equity for the wise buyer. Be careful with "claimed equity". North Carolina property taxes are based on scheduled assessments. The assessments are based on current market value. Are you getting equity on current market values? Was the Charlotte home losing value as the rest of Charlotte appreciates? Was the appreciating "home equity" depreciating when the remainder of Charlotte Real Estate was strong?

The Charlotte housing market continues to appreciate even as real estate around the nation suffers. There is a demand and desire to live in Charlotte and it is inevitable for this trend to continue. If you are one of the fortunate home owners and are ready to relocate we can find a great deal for you. Visit my Charlotte Real Estate website for additional information on Charlotte and all of our great suburbs.

Charlotte Real Estate Opportunities

2008-09-08T20:36:00.003-05:00

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.

For additional information on Charlotte NC Real Estate visit http://www.findmycarolinahome.com.

Charlotte Real Estate

2008-08-18T21:05:00.003-05:00

Charlotte Real Estate consists of a large area consisting of many suburbs including the neighboring counties. Charlotte is in Mecklenburg County and all of Mecklenburg County attends Charlotte Mecklenburg Schools (CMS). The other cities within Mecklenburg County are Huntersville, Matthews, Pineville, Mint Hill, Cornelius and Davidson. Each of these cities have a different character and provide a small town feel but still within CMS.

Ballantyne Real Estate is also within Charlotte but is only a neighborhood and located in South Charlotte. Other popular communities within Charlotte Real Estate are Myers Park and South Park. Both of these communities are located within South Charlotte Real Estate and have outstanding academic reputations and the appreciation of these are follow the reputations.

What areas would you like to explore? Visit Charlotte Real Estate - Charlotte Homes for Sale for more in depth information for Charlotte Homes.

Charlotte Property Search

2008-08-09T18:14:00.002-05:00

As you seek great Charlotte Property, learn more about Charlotte Real Estate prior to "believing" you have a deal. Charlotte Real Estate Property Tax Value is an indicator but an indicator of what?

Charlotte NC Property Tax provides a snap shot of the home's value. So what is a good deal? Are you looking for a real estate investment that appreciates? Every Real Estate market is local. This means that values vary in each city and even each neighborhood. Value is based on demand. the higher the demand, the higher the value. What dictates the demand? How can you tell?

Everyone knows that Charlotte North Carolina Real Estate has been appreciating for over the past decade at a moderate rate (averaging over 5%). Some neighborhoods have had much higher appreciation and others actually had negative appreciation. If the neighborhood had negative appreciation during strong economic times, it may not be wise to purchase this real estate with more stringent borrowing limits.

Learn all about Charlotte Real Estate and Charlotte values through someone that understands the market and not just a sales person.

Charlotte Real Estate Market Conditions

2008-07-20T20:05:00.003-05:00

Many people are siting back and hoping the greater Charlotte Real Estate Market declines to obtain discount homes. There are certain areas in Charlotte to obtain discount homes. The areas for the discounts are several. The first is obviously the areas of the least demand. Builders began many starter Charlotte neighborhoods that was fueled by high risk loans. High risk loans defaulted and there are many foreclosures. In addition to high risk loans in these neighborhoods, many foolish investors also purchased these inexpensive homes. Now you have Charlotte neighborhoods with rentals and foreclosures. It will take years for many of these neighborhoods to turn around but you can have potential equity in your Charlotte home.

Another place to find discounted homes are with inner city town homes. This was a new market and investors surged the new Charlotte town home market and the prices were super inflated. The prices are more in-line with value. The price decrease is based on a superficial demand but is adjusted back to true demand.

Another area of deep discounts are in million dollar homes. Many builders have offered deep discounts on their new homes. This market has slowed and builders must readjust their bottom lines.

Unfortunately for the discount buyer, areas of high demand are still selling at a premium. Lets look at Waxhaw Real Estate. I personally checked recent sales in Waxhaw between $175,000 and $250,000. There were 43 single family homes sold over the past 3 months. The sale prices were 97+% of list price.

If you are seeking discount Charlotte Homes, consider he discount neighborhoods. Many of these neighborhoods are higher risk investments but with higher risk comes higher rewards. If you have other concerns for your family beyond a discount, I am very familiar with all aspects of the Charlotte Real Estate market including taxes, commute times, traffic concerns, schools and so much more.

Visit Charlotte Real Estate for in depth information about the greater Charlotte Market.

Wesley Chapel Real Estate

2008-06-11T22:06:00.002-05:00

Wesley Chapel NC Real Estate continues to expand and evolve. It is incredible to watch the greater Charlotte Real Estate evolution. There is a balance occurring between types of homes, demographics and then the commercial real estate that must support the population.

Wesley Chapel has its grocery store with Harris Teeter. The Harris Teeter is a higher end food chain and this helps you understand the financial demand of the area. Now a Target is about to open in addition to many supporting commercial offices, restaurants and shops.

The commercial real estate in Wesley Chapel reinforces the future success of Wesley Chapel. Visit Charlotte Real Estate to learn more about Wesley Chapel Real Estate, search Charlotte homes for sale and so much more.

Charlotte #1 Relocation Destination

2008-05-19T23:18:00.003-05:00

Charlotte Real Estate topped this years ratings for the most desirable city for relocation. Many factors were considered and there were over 2000 cities in the competition. Charlotte being a financial capital, the temperate climate, the amenities, proximately to both the beaches and the mountains and finally the job opportunities were all contributing factors.

Yes, Charlotte Homes continue to appreciate and Charlotte Real Estate is still expanding. The commercial development is exploding as is witnessed by the new construction all around the uptown Charlotte. South Charlotte Real Estate in particular is experiencing great demand and new construction projects are underway all around the greater Ballantyne area.

Visit Charlotte Real Estate to view our fantastic Charlotte Real Estate Listings and Charlotte NC Real Estate to learn more about our suburbs.

South Charlotte Real Estate

2008-05-09T23:24:00.002-05:00

South Charlotte Real Estate is thriving in spite of the national real estate trends. The newest Harris Teeter opened on Wednesday in the midst of South Charlotte Real Estate. The new Charlotte Commercial Real Estate is is across the street from the new recreational complex and the new elementary school to open in the fall. One subdivision in South Charlotte is Ardrey. These are homes in South Charlotte that must be considered. South Charlotte Real Estate values will reflect the local amenities that enhance our Charlotte home values. As you drive around Ballantyne Real Estate note the tremendous growth that abounds. Charlotte NC Real Estate presents a great secure opportunity for the savvy real estate investor.

Visit Charlotte NC Real Estate or Charlotte Real Estate for additional information and Charlotte Real Estate Listings.

Charlotte Country Clubs

2008-05-05T00:10:00.002-05:00

As Charlotte Real Estate continues to expand, the demand for Charlotte Country Club homes is growing. Many national builders are seeking opportunity to supply the Charlotte Country Club homes demand.

If you are seeking a Charlotte Country Club home, spend your time in South Charlotte Real Estate. There are more than 6 golf courses with a 5 mile radius in South Charlotte. All of the courses are great. They range from Raintree which provides some less expensive older homes, through Carmel Country Club (just hosted the Wachovia PGA), Ballantyne Country Club, Piper Glen, Firethorne at Innisbrook and the most affluent development in Charlotte at Longview. Longview Country Club has 19 custom builders and homes in Longview are beyond compare. The homes in Longview country club and the lifestyle is beyond compare.

If you are seeking a Country Club home, you much check out south Charlotte real estate.

Visit Charlotte Real Estate to learn more or to request information.

Charlotte Real Estate Values

2008-04-29T23:33:00.002-05:00

Many people across the nation are seeking a great deal in Charlotte Real Estate. Today the annual real estate appreciation was published and Charlotte is the only city in the survey with positive real estate appreciation. Charlotte Real Estate had a modest BUT positive annual appreciation rate of 1.8%. This is incredible since the nation is suffering one of the worst mortgage melt down in history. If the demand for Charlotte homes is reasonably strong now, you can be assured your Charlotte Real Estate investment will be secure in the future. Yes, there are certain areas within Charlotte that are doing better than others. Are there homes in Charlotte that are depreciating? Yes. The key is learning what areas are appreciating and which have the strongest market values. Visit Charlotte Real Estate and Charlotte NC Real Estate for more information on Charlotte Homes and to learn about our market.

Charlotte Real Estate Growth

2008-04-20T23:52:00.003-05:00

How is the Growth in Charlotte Real Estate? Where are the current trends in Charlotte Relocation home buyers? How has the mortgage crisis impacted Charlotte homes? The national mortgage crisis has altered the Charlotte Real Estate market and has actually made the Charlotte housing market stronger. The sub prime mortgages allowed many people relocate to Charlotte before they were actually prepared for a new Charlotte home. Many of these Charlotte NC Real Estate buyers purchased Charlotte New Homes in "starter" neighborhoods. These Charlotte homes were the smaller ones on the market and created a new niche for the builders. Was this market superficially created by sub prime loans? Yes. The future for these neighborhoods are now uncertain. Many foolish national investors moved in and purchased these home for rentals. This further degraded the Charlotte neighborhoods and damaged the investment in the neighborhood.

To learn more, visit Charlotte Real Estate and I will do what I can to help you through our Real Estate market.

Charlotte Relocation Advice

2008-04-10T22:36:00.002-05:00

I was recently asked about the latest North Carolina "scare" technique publicized by the media. The media found a New Yorker that recently moved to Raleigh. The home is stunning and the neighborhood "appears" great. She then discovered that the school was full of "gangs" and her children were in danger. The media is amazing but fortunately, most of America sees right through them.

Yes, tax dollars are leaving the Northeast in droves and this is placing additional burdens on the Northeast. Most people are relocating to escape both the weather and the high cost of living. One of the largest burdens on the home owner is the taxes. Much of the northeast unjustly "punishes" the hard working and successful citizen to subsidize their government programs. We all want to help; helping is one thing; supporting other able bodied adults is another.

There are many things to consider before you relocate. A good Realtor can help focus on what is important to you. I am a Charlotte Realtor and know our greater area very well. Each Real Estate market is local. For example, if you were to find the largest home in New York for the least amount of money, would you feel safe living there? Apply this concept to the Charlotte Real Estate Market. Why is one area of Charlotte Houses so much cheaper than another part of Charlotte? There is always a reason.

Be careful buying new construction. The builder agents can be very helpful and always very nice. There is always a reason. There are so many factors that affect your Charlotte home investment and the builder agent will "spin" the facts the way they were trained.

For Charlotte Real Estate help, contact a professional. The commission is paid by the seller and you do not want your family on one of these TV shows. Your family is too important to sacrifice.

South Charlotte Real Estate

2008-03-26T20:26:00.004-05:00

The growth in South Charlotte Real Estate is continuing on the fast track and demand continues to exceed the supply. What is behind the demand for South Charlotte Houses? Ballantyne Real Estate began the affluent life style of South Charlotte. Ballantyne provided Custom Country Club Homes along the golf course. Then they added shopping and fine dining. This recipe succeeded brilliantly.

The affluence of Ballantyne has expanded throughout South Charlotte all the way to the South Carolina border. The newest shopping center is being built at Johnston Rd and Ardrey Kell. There is a .8 mile track of land that will have a Harris Teeter Grocery Store, a tavern, ice cream shop, and much more. They will also have a variety of town homes built within the commercial property to enhance the "Live, Work, Play" concept.

Can South Charlotte Homes support additional shopping? The new stores will be supported by all of the homes in Ardrey, Ardrey Crest, Ardrey Chase and Ardrey Woods. There are also a variety of Custom homes in Marvin NC including Providence Down South. Less than a mile south are homes in South Carolina. This area is Lancaster County and Fort Mill Real Estate. There is extensive opportunities throughout Fort Mill and now life in the greater area is even more convenient.

Learn More about the growth in Charlotte Real Estate by visiting Charlotte Homes.

South Charlotte Real Estate

2008-03-02T23:59:00.003-05:00

Now that the nation is going through the mortgage transformation, many are waiting for stability prior to moving on in their life. Homes in South Charlotte are continuing to expand and grow. There have been several new developments that have changed hands as a result of the mortgage fiasco. Beazer withdrew from Charlotte and Ardrey Woods in in a state of transition. Beazer was one of the many builders that focused on the less expensive neighborhoods to gain a foothold within the Charlotte Real Estate market. Unfortunately for Beazer, their market collapsed as they began upgrading their product to Ardey Woods.

D R Horton has also tried to change their target market with the Ardrey Crest development. Ultimately, their timing was not good and they had to release their hold within this development. Saussey Burbank has eagerly purchased the remaining interest in Ardrey Crest. Saussey Burbank will be a great complement to the neighboring Ardrey development being built by the Cunnane Group. Ardrey has less than 10 lots remaining and this popular development will be complete.

South Charlotte continues to grow and it is amazing to witness the final land grab. New restaurants and shops also continue to grow and a strong demand continues for entertainment venues.

Learn more about Charlotte Homes and South Charlotte Real Estate.

Charlotte Real Estate Listings

2008-02-11T22:46:00.000-05:00

Many people spend their time listening to the media and trying to learn about our Charlotte North Carolina Real Estate market. Most have heard that Charlotte Homes are among a select few cities that are still appreciating. Why is this? It is based on simple economics: Charlotte Real Estate is still in demand. People all across the nation including real estate investors are convinced they can get a discounted home in Charlotte because Miami Real Estate or New York Real Estate is suffering from a weak market. Buyers are surprised to learn that Charlotte Real Estate is still selling at 90-98% of list price. The days on market has increased due to the media panic but the homes are still selling at regular prices. Real Estate is local! Yes, the subprime lending created a new market niche for builders. Builders that capitalized on this new market are in trouble. Which neighborhoods are these? Which Charlotte Homes were the focus of subprime lending? To learn how Charlotte North Carolina Real Estate market visit Charlotte Homes or Charlotte Real Estate.

Kannapolis Real Estate

2008-01-30T22:38:00.000-05:00

Kannapolis Real Estate has just received another boost to their economy. Cabarrus County just announced the new plans for the drag strip in Concord North Carolina. This equates to more jobs, more tourists and more opportunity for Kannapolis Real Estate.

The Biotech Reasearch Park is incredible. This Research Park is located in the heart of Kannapolis Real Estate and the transformation is under way. Homes in Kannapolis that surround the new Research Park are primarily small ranch homes. Many of these small homes are of the cottage style archetecture and are ready for renovation. The homes in Kannapolis are going to be comparable to NoDa.

NoDa? This is a neighborhood in nearby Charlotte Real Estate that has already experienced a transformation. If you want to see the vision for Kannapolis, vist NoDa and you will understand.

The Kannapolis Reasearch Park is only 30 minutes rom downtown Charlotte. You can reside near the Research Park and enjoy many of Charlotte North Carolina Real Estate benefits. Visit the Research Park and you will know that your money will be well invested.

Visit Charlotte North Carolina Real Estate to learn more about great Charlotte Homes for Sale.

York County South Carolina Real Estate

2008-01-27T20:59:00.000-05:00

York County Real Estate continues to grow just across the North Carolina Real Estate border. All of York County Real Estate offers high quality living but the property closest to Charlotte Real Estate is experiencing the largest growth. Homes in Fort Mill are fantastic and the 2nd High School in Fort Mill is already filled. A good indication of growth is apparent via the demand for new schools. We can not build schools fast enough for our growing Fort Mill population. Fort Mill Real Estate and Tega Cay Real Estate continues to offer quality homes and quality education. Visit Charlotte North Carolina Real Estate and Charlotte Homes for Sale to obtain additional insight into these great areas.

Charlotte North Carolina Real Estate Deals

2008-01-23T23:20:00.003-05:00

Many people across the US are seeking Charlotte North Carolina Real Estate. This is largely driven because of affordable homes in Charlotte NC in addition to many other factors.

North Carolina is the fastest growing State in the USA and Charlotte actually had the largest appreciation in the nation in 2007. Why is this? Let's consider the reasons behind the Charlotte North Carolina Real Estate surge.

The economic power of Charlotte is a huge factor for Charlotte Real Estate. Charlotte NC is the 2nd largest banking capital in the nation. Add in the population growth, the supporting infrastructure, the supporting businesses, professional sports teams and now you discover that the Charlotte Real Estate community is going to have continual growth is based on our desirability.

Charlotte also has a huge Nascar presence which is the nations fastest growing sport. Concord and Lowe's Motor Speedway has a huge economic impact. Charlotte Real Estate is home to both Bank of America and Wachovia. These two headquarters place Charlotte 2nd in the US for banking! Now we have a new Bio-tech Research Park being built in Kannapolis! Kannapolis Real Estate is within 30 minutes to the NE of Charlotte homes.

Another factor to consider is your quality of life. Charlotte's weather is very temperate. We do not experience the harsh winters nor do we have the unbearable humidity that plagues the east.

Charlotte NC Real Estate is conveniently centrally located on the east coast. This allows residents convenient transportation to the vast majority of the nations population. Charlotte Real Estate also is located a few hours to the beach or a few hours to the mountains. The location is perfect.

Visit Charlotte Real Estate and you too will discover why Charlotte Homes are so popular!

The list goes on but Charlotte Real Estate will continue to expand and demand will continue to increase. Visit Charlotte North Carolina Real Estate for more information.

Charlotte North Carolina Real Estate Deals

2008-01-23T23:20:00.001-05:00

Why are people still moving to Charlotte North Carolina Real Estate? Charlotte Homes continue to expand based on several factors. Weather, opportunity, affordability and location are some of the greatest factors.

Charlotte Real Estate has the benefit of a fantastic climate. Yes, we have a change of seasons and some winters we actually experience an inch or two of snow. It typically melts by noon but we see snow. Our summers are warm but do not suffer from the extreme humidity of the majority of the east coast.

Charlotte Real Estate will continue to expand based on the business opportunities. Many of the people relocating to Charlotte North Carolina Real Estate are entrepreneurs and the economy thrives. We have the 2nd largest banking in the entire USA! Both bank of America and Wachovia are headquartered in Charlotte. Lowes motor speedway is located in Concord just northeast of Charlotte Real Estate and this further contributes to our growth. The new high tech Bio Research Park in Kannaoplis will further fuel our Real Estate expansion.

Charlotte North Carolina Real Estate remains affordable. Why? There is a lot of North Carolina that is sparsely populated. As the population grows, the prices will follow. So is the land inexpensive? The growth and the builders all have been aware of the Charlotte Real Estate expansion and the demand for land is very high and is sold at a premium.

Learn more about Charlotte North Carolina Real Estate.

Charlotte North Carolina Real Estate Opportunities

2008-01-10T22:33:00.000-05:00

Many people do not realize the differences in various area for Real Estate. Just within Charlotte North Carolina Real Estate there are dramatic differences let alone comparing Charlotte to a city that is 500 miles away.

Ultimately, Real Estate is "local". The Charlotte market remains strong and was one of the few major cities that actually sen a positive appreciation rate in 2007. This still does not stop people from thinking that a home owner in Charlotte will give the buyer $20,000 of the home owner's equity when selling. I explain to buyers that the home owner may like you, but not that much. These types of bids may be practical or realistic in other markets but you will just see yourself getting laughed at in Charlotte. This does not mean that it is bad to try; just be realistic. A seasoned Charlotte Realtor will help you place your bid and based on statistical evidence/experience, he sill also share the fair market value of the home. Yes, the objective is to always get it below fair market value; the Charlotte Real Estate home owner realizes the value and the demand. If you are looking for a "steel" you may want to reconsider the states that are losing population and migrating to Charlotte North Carolina Real Estate.

Charlotte North Carolina Real Estate

2008-01-03T00:09:00.000-05:00

First impressions are very important when you reconsider a new home. This is one reason Charlotte Homes for sale continues to grow and why our population will boom. One of the first things you notice is that Charlotte is clean. You will not find the graffiti painted all over the city. When there is graffiti, it will be promptly removed. "We don't do that here." You will be impressed by the class that is all around. This may be one of the intangibles that you do not even realize as you visit. Look for graffiti in our city. You will see what I mean.

Charlotte is doing many things to assure a clean and prosperous future. As you drive around and view Charlotte Real Estate, listen for the angry driver blowing his horn and yelling out the window. If you here a horn in Charlotte it is either a new comer or an emergency.

Charlotte North Carolina Real Estate offers a level of class that you expect in your new home town. We welcome everyone and will treat everyone like family. This is how life is supposed to be. You have arrived.

Visit Charlotte North Carolina Real Estate for additional information and Charlotte Homes for Sale.

Waxhaw North Carolina Real Estate

2007-12-26T17:35:00.000-05:00

Who would have predicted the growth in Waxhaw NC Real Estate? As a seasoned realtor, you can be assured this is still just the tip of the iceberg! Waxhaw is located just south of Ballantyne Real Estate and South Charlotte Real Estate. The roads can not handle the current increase in traffic but the roads will be expanded. Providence road expansion is due to begin in January. The preparatory work is already under way.

Developers are purchasing any available land and the farmland is in demand. The Waxhaw Real Estate already is hard to recognize from a few short years back. Why Waxhaw NC Real Estate? Waxhaw is a large geographic area and was sparsely populated. Between Waxhaw, Weddington and Marvin, the High Schools have doubled within the past 2 years. Last year the High School in Marvin opened and now another school is due to open this fall on Cuthbertson rd. Doubling the number High Schools helps you gain perspective of the demand and the growth. There is always a reason. Visit Charlotte North Carolina Real Estate to learn more about Waxhaw, Weddington and Marvin Real Estate.

Charlotte North Carolina Real Estate Opportunities

2007-12-01T00:13:00.000-05:00

Where are the best Charlotte North Carolina Real Estate opportunities? Sub prime foreclosures? Let's consider what these really are.

A sub-prime loan is a high risk loan for a person with poor credit. The odds are this person was a renter but the government decided to have lenders create new opportunities; home ownership for all! Nice idea but not very well thought out. The reason some people have poor credit is they have trouble living within their means and managing money. The answer is not to lend them more money but to teach them how to manage their current situation.

What happens when this new disillusioned home owner faces reality? The homes are typically not well maintained and left in less than ideal shape. If you are looking for "paint and carpet" (like they told you on TV) you are better off watching cartoons. The real world is much different.

The best opportunity is for Charlotte New Homes. When the sub prime market self destructed, the media panicked the housing market. No, people with good credit were not and are not in trouble, it is only the people that had poor credit to begin!

So why new homes? The builders already had many home contract in progress when the market panic occurred. They continued building but many of their potential buyers either panicked, had a sub prime loan or can not sell their first home.

This is an opportunity for a home owner. The builders are willing to reduce their profit margins in order to sell these "Inventory Homes". Who has the best deals? Is this best for home owners or investors? How can you tell where the neighborhood will be in 3 years?
I, as a well educated Charlotte Realtor will be pleased to assist. Share your concerns and we can work though any obstacle. Visit Charlotte North Carolina Real Estate and let me know your thoughts or concerns.

Fort Mill Real Estate

2007-11-24T00:41:00.000-05:00

Many ask about Fort Mill SC Real Estate. Fort Mill Real Estate actually borders Charlotte NC. Fort Mill is the first South Carolina town as you cross over from Charlotte Real Estate to South Carolina. Fort Mill schools have some of the top academics in the entire state of South Carolina. The affluence of Charlotte is over flowing into South Carolina and Fort Mill Real Estate is representative of this outpouring of growth.

Fort Mill SC is located within York County. Fort Mill has many subdivisions; each offering a unique product. Why Fort Mill Real Estate and why SC?

Prior to your relocation, consider South Carolina tax benefits. Many retirees find better tax breaks in South Carolina.

One factor to consider about Fort Mill is the county. The Fort Mill post office actually services an area in Lancaster County South Carolina and is also called Fort Mill. Be careful when choosing your Fort Mill Home to be assured you know your county.

Lancaster County is also thriving but York County and Fort Mill Real Estate is five to ten years ahead of Lancaster County. Lancaster is the latest area to be experiencing a sudden surge in popularity and destined to grow.

If you have any additional Charlotte North Carolina Real Estate concerns, just ask.

Union County NC Real Estate

2007-11-17T23:52:00.000-05:00

What is new in Union County? Let's talk about Lawson. Lawson is a a large subdivision that has five national builders so far. The Lawson community has been carefully designed around trees and nature. There are a multitude of trails, small walking bridges and now the amenity center is open. This features a club house, an Olympic size lap pool, water slides, a large pool for recreation/relaxation and and water showers/toys for the children. There is an operating paddle wheel and even 2 tennis courts to further enhance your quality of life.

Where is Lawson? Lawson is technically located in Waxhaw NC. Lawson is located off of NC 16/Providence Rd. The development is off of Cuthbertson Rd.

How about traffic? There are 2 new schools being built across the street from Lawson. In addition, the small bridge is being improved and the road is being modified to ease traffic for the new schools.

To learn more about Charlotte North Carolina Real Estate visit my website and learn about our entire area.

Charlotte Real Estate Market

2007-11-06T22:33:00.000-05:00

I have numerous people contacting me to ask about the state of the Real Estate market in Charlotte. Perception is reality and many people still watch the news and believe the media. Here is the national Real Estate market in a nut shell:

Theory 1: A few years back the media jumped on the band wagon that not enough Americans had the privilege of home ownership. The "mean banks" were excluding segments of our society from success.

Reality: Mortgage companies are businesses. They based loans on statistics based on various credit criteria including your credit score, your debt-to-equity ratio, your w-2's and length of time at your current position/profession.

Results: The media created "NEWS stories" and public pressure (sheep being led by the media) placed pressure on the Government to take action.

Solution: The Federal Government pressured lenders to loosen up their criteria for loans. The mortgage companies complied with the Government request and created high risk loans (termed sub-prime loans). The lenders complied with the Government pressure but the Government also agreed to guarantee the bulk of the loans.

Now let's look at the latest media crisis:

A percentage of the borrows of "High Risk" loans did not make their payments and blame the banks once again. The media jumps on the band wagon and blame the banks once again. The Government reacts once again. Sub-prime loans disappear.

What percentage of homes are actually in foreclosure? How many of those homes were the result of the lenders deviating from their statistical data? These are loans that should have not been made in the first place! Thank you media and thank you Uncle Sam!

Reality: Much of the public have not figured out that the media is creating their reality. We fail to trust our own eyes and ears and rely on media hype and sensationalism.

Results of sub-prime lending:

1) People were given loans that should not have had them. They are proving that the statistical data was correct.

2) The sub-prime industry superficially created demand. Builders that focused on the lower priced homes will need to rework their business strategy. In the short term, they will have excess inventory homes (homes already being built where the borrower can no longer obtain financing) and need to sell these homes. The builder must be careful because if the builder discounts the home too much, the builder has destroyed the future profits by devaluing his development.

3) The reality created by journalists has forced logical and safe buyers from purchasing their homes. People are now afraid to make their decision based on the media hype.

Ultimately, this media crisis will pass. The media will create another perceived reality and people will follow. Once upon a time this type of journalism was referred to as "The Tabloids". The Tabloids have now over taken the national media.

How is the Real Estate in Charlotte North Carolina? Charlotte North Carolina Real Estate has not changed. We still have a great climate, fantastic business opportunities and our homes continue to appreciate. Should you trust your instincts and make your own decision or wait for the media to lead you?

Everyone in the country has the free will to think for them selves. Why did you want to move to Charlotte? Did anything really change? If your credit needed some work before you make your move, then if moving is important to your life, you will work on that credit. If you are ready for new opportunities or ready to improve the quality of life for your family, then you decide what is best. I have resided all over this great country and chose a return to Charlotte. We have a great population and a great culture. I am proud to call Charlotte home!

I would love to help you find a great home in this fantastic part of the country. Visit Charlotte North Carolina Real Estate for additional information about this great area.

Charlotte North Carolina Property Taxes

2007-10-28T23:18:00.000-05:00

Before you move to Charlotte Real Estate, give me a call. A client relocated to Charlotte prior to discussing their priorities. They moved into a great area with a great school. Fantastic! Right? The problem is the area they are seeking cost twice as much as a comparable area in a neighboring county and they get more home for their money! After seeing the difference, they are buying a home in the neighboring county with great schools.

The problem is that their child must now switch schools again and develop new friendships! Please consider this before relocating.

If you would like to know more, visit my website at Charlotte North Carolina Real Estate or give me a call.

The Greater Charlotte North Carolina Real Estate Market

2007-10-23T22:56:00.000-05:00

Many people are seeking information about the greater Charlotte area. Let's begin a dialog about various areas and help you again a "feel" for the greater Charlotte area.

First, Charlotte NC is in Mecklenburg County. Within Mecklenburg county, there are several other cities. Each city within Mecklenburg County attends CMS (Charlotte Mecklenburg Schools). This means that you have the opportunity to live any where in the county and can enjoy the variety of great programs within CMS.

What other cities are within Meckenburg County borders? Charlotte is in the center of Mecklenburg County. Huntersville is a great town just northwest of Charlotte. Davidson and Cornelius are north of Charlotte. To the east is Mint Hill and to the southeast is Matthews. To the south is Pineville.

Each area is somewhat distinctive and has its own character. How about Ballantyne Real Estate, South Park Real Estate or other locations that are popular? Actually, these are neighborhoods within Charlotte proper.

I will continue this blog with dissecting individual areas. I will eventually discuss all of the surrounding counties and the towns within each. If you would like specific information visit my website at Charlotte North Carolina Real Estate, give me a call or send an email.

Charlotte New Home Inventory

2007-09-21T23:50:00.000-05:00

The sub prime market collapse has just provided an ideal opportunity to capitalize on Charlotte Real Estate and new construction. If you are a first time home owner, now is the time! Builders that focus on the first time home owners are setting on a huge inventory and are willing to make deals to sell their inventory homes.

What is an inventory home? An inventory home is a home that was purchased "to be built". Many of the loans were approved through he sub prime mortgage market. As the sub prime mortgage market collapsed, the buyer financing also disappeared. The builder now has a new home without an owner. Many builders will offer great incentives to sell these homes. Visit www.http://FindMyCarolinaHome.com and let me know if you are looking for a good deal!

The Health of the Charlotte Real Estate Market

2007-08-28T22:13:00.000-05:00

During the national housing market down turn, many people have shared concerns and inquiries as to the health of our market.

How are Charlotte homes for sale? Overall, our market continues to do very well. There are some things to consider prior to purchasing. Many investors have invaded our market. These investors have turned ideal residential neighborhoods into rental neighborhoods. This is especially prevalent in the lower priced new homes. Investors have destroyed many of these areas. Rick, how can investors destroy neighborhoods. First, every time an investor purchases a home, it distorts the true market demand. This causes prices to surge for everyone. Then the investor rents the home to a tenant. Tenants do not care for the home like a home owner. You will discover high grass, garbage strewn about and vehicles parked all everywhere.

As more investors purchase the neighborhood, the property values decline. Home owners are now stuck because they own more for their home than the current value of the neighborhood. Next you have foreclosures and then more rental units. It continues to spiral downward.

The next area to avoid are the very "hot" neighborhoods. Certain neighborhoods have a great reputation and their values increased extremely well over the past two years. Investors also got wind of this appreciation and moved in with their renters. This dramatically cooled the market. In addition, many of the owners in these neighborhoods thought they would sell and take advantage of the appreciation. Now the market is saturated with homes in these neighborhoods. What will be the net result? Investors will figure out that it is difficult for them to make money in our rental market. They are better off rehabbing older homes in challenged areas.

Home owners that saturated the market in hopes of recapturing the appreciation will take their homes off the market and the neighborhoods will stabilize.

Would I recommend Charlotte homes? You bet! I will also caution you on where to buy and where not to buy. You deserve an agent that actually understands the economics behind the housing market.

New Charlotte Subdivisions

2007-07-28T23:44:00.000-05:00

There are some great new subdivisions under way in Charlotte. The first is Mills Bridge in Waxhaw. It is a huge development and this development pushes the Waxhaw community up another notch. Each new community is a little larger and a bit more grand.

The Villages of Red Bridge is a community 12 miles easy of I-485 towards Albemar. This new Country Club Community will reflect European architecture and being developed by a New York development firm. The golf course community will be located in Locust NC and this development alone will double the current number of homes in the community. The community will be constructed on 500 acres of land off of NC 24.

Want to know about more new homes in Charlotte? How about the ideal time to invest in a new home? Let me know how I can assist you in purchasing of selling your Charlotte area home. http://www.FindMyCarolinaHome.com.

Great Charlotte Real Estate subdivisions

2007-06-06T23:19:00.000-05:00

Where are the best Charlotte Real Estate subdivisions? Am I better off buying a home not in a subdivision?

The answer is it depends. What is your price range? Many less expensive subdivisions are being gobbled up by investors. It is a conflicting area. Investors buy up the properties and drive up the prices. In doing so, the investors rent out the homes. As renters move in, home owners move out and the neighborhood value deteriorates.

A subdivision can also add stability and protect the value of your home. This varies based on the price point and the perceived demand of the homes.

I can help decipher the subdivisions. Is your home in an appreciating area? Declining? What is happening around you?

I have invested in Real Estate for years and became a Charlotte Realtor because I felt bad for new home owners. Many people are relocating to Charlotte and effectively buying blind. Be careful. I can help.

Charlotte New Homes

2007-05-23T22:37:00.000-05:00

As Charlotte continue to grow, new developments are beginning regularly. For example is Springfield in Fort Mill. Springfield is a premier community with a golf course and a nature preserve across the street. Pick one of several custom builders and build your Fort Mill dream home.

Cureton of Waxhaw continues to blossom. The commercial area opened this spring with Harris Teeter. A new Lowes Home Improvement store was also approved to be built across the street. The development was initially zoned for the popular Weddington schools and now will be attending the brand new Marvin schools. Cureton offers a fantastic community that will be compared to Birkdale Village on steroids. Vi st both and the analogy will be clear.

Lawson in Waxhaw is near completion and offers wooded home sites and a fantastic retreat. The development is about 1 mile from Cureton and also enjoys the convenience of the commercial shopping at Cureton.

Ardrey Chase is the latest development is South Charlotte. Ardrey Chase is built by Centex and offers 4 side brick homes beginning in the lower 400's. The first home is not yet complete and there are over 17 sold already. This development will be sold out quickly and be a great investment.

Charlotte North Carolina Real Estate Market

2007-04-24T19:26:00.000-05:00

The Charlotte Real Estate Market continues with strong growth. The reduced demand around the country is moving to areas in high demand such as buying Charlotte Homes for Sale. All of the counties surrounding Charlotte continue to experience rapid growth. These counties are enjoying the growth. Each county is working on controlled expansion. Yes, the infrastructure is strained and smart growth is essential. Each area has a different target market and offer something for everyone. When buying homes in Charlotte NC, keep in mind your specific situation prior to purchasing. What is your price range? Where is the best place to invest for that price range? Speak to a professional that is there to represent you. Visit http://www.FindMyCarolinaHome.com for additional information.

Charlotte NC Real Estate New Homes

2007-04-15T08:08:00.000-05:00

Visit Charlotte and see all of the new Charlotte Homes. New subdivisions are beginning all around our area. On example of Charlotte new homes in South Charlotte is at Ardrey Chase and Ardrey Woods. Centex and Beazer are developing some of the last South Charlotte Real Estate before entering into Union County.

In Southwest Charlotte Real Estate, the Palisades, the Sanctuary and Berewick. These communities vary in price range and offer great convenience to new shopping and uptown Charlotte.

Just east of Charlotte is Mint Hill Real Estate. There are many new neighborhoods being constructed and offer small town life with the convenience of Charlotte.

Progress in Charlotte Real Estate Development

2007-04-13T05:40:00.000-05:00

It is absolutley incredible to see the power of the media throughout the nation. The Real Estate markets are always LOCAL. Charlotte has not skipped a beat since the supposed national down turn.

A new mega development just began just south of Ballantyne and South Charlotte. The name is Bretagne it is a development laid out on a 300 acre piece of ground. The amenities include a European clubhouse, lagoon style adult pool, a Jr. Olympic Pool, a Lazy River and so much more. This development is actually located in South Carolina so you also have the benefits of lower taxes yet minutes from all of the finest dining and shopping.

Centex just began its newest development is South Charlotte called Ardrey Chase. This all brick community is located off of Marvin road and has started with a flurry. There were 17 homes sold in the first 17 days! the land in South Charlotte is nearly all occupied! How will this impact your investment? When there is no land remaining in an area of high demand, the property values appreciate.

Before you visit, ask about our development. I understand that there are a lot of "Do It Myself" type of people relocating to Charlotte. I admire the attitude (and share the attitude). You will want assistance in your new home with a non biased experienced Realtor by your side. You can not afford a purchase that does not meet the emotional needs of your family. You will be amazed. For additional information, visit: http://www.FindMyCarolinaHome.com. I share great insight into Charlotte North Carolina Real Estate. Keep in mind this is just the beginning of your learning experience.

Charlotte Foreclosures

2007-04-05T22:30:00.000-05:00

Many people from across the nation are seeking foreclosure homes in Charlotte with a lot of equity. People hear about the weak housing market and hear TV shows preaching about the easy money in flipping homes. There are many things not shared on these TV shows.

First off, real estate is always local. What this means is that the market in southern California is far different than up-state New York, New Orleans or Charlotte NC. As the media preaches of the weak housing market, Charlotte homes have averaged appreciation rates of 7.9% ending in January 07. You may find it hard to believe but the media does not typically provide the whole picture. Again, Real Estate is local and the Charlotte market is unlike any other. Our population and market is still growing.

Yes, there can be opportunities in foreclosures. I personally receive at least ten people a week looking for foreclosures with equity. People fail to realize that when you are trying to purchase property in a growing market, everyone is looking for the same thing.

Are there foreclosures? Yes, of course. The Charlotte Real Estate market is similar to every other market in that each part of Charlotte is unique and is appreciating at different rates. When a home owner has financial troubles, if he has a home with equity, he will either sell his home to get the money or take out an additional loan. If he loses the home, it is because he has no equity and /or the home is in a neighborhood that has no demand (the home value is based on buyers desiring to buy a specific home in a specific location).

Yes you can buy the home that has depreciated (buyers think they are getting equity) and then discover that they have purchased a home that will not sell.

I am writing this because I can not spend the time sharing this with every inquiry. I now ignore the inquiries since I can not afford to share all of my time for free.

If you wish to purchase a home in a declining area, yes you can probably purchase the home at a discount. The Charlotte Real Estate Market is strong and you may want to try your luck in one of the depressed areas. There is more to know about a city and Homes in Charlotte than you can learn from a TV show.

Rentals in Charlotte: Real Estate in Charlotte is still reasonably priced. Buyers can purchase New Charlotte homes with almost no down payment. People relocating to Charlotte are not renters. They are home buyers. Investors want to purchase a home and rent it for a profit. BUYERS CAN BUY THERE OWN HOME AND PAY LESS MONEY BY BUYING!

Charlotte Investors may want to reconsider their strategy. Yes, our homes will still continue to appreciate. They will not appreciate too rapidly because Charlotte still has a lot of vacant land to be built. Yes, the national builders and hundreds of small builders are purchasing all buildable land to construct their Charlotte Homes. There is a huge demand for any land that is for sale. If you find inexpensive land in Charlotte, there is a reason.

Be careful out there and a wrong home purchase is a mistake that few can truly afford to make.

Charlotte Foreclsoure neighborhoods

2007-03-25T21:54:00.000-05:00

There has been a lot of information in the news about particular neighborhoods with an overabundance of foreclosures. Why is this? The articles in the Charlotte Observer have been very truthful but one must pay attention to the details. Certain builders are creating sub-prime loans to sell homes. The builder has these loans insured with the government (i.e. me and you-that is the money the government uses to help others). The builders' primary concern is to maintain the community value until their new homes are all sold. As a new comer, you do not realize the potential resale value for our market. Consult a professional about resale value before you make a huge mistake. Yes, if you can not sell, then you can rent out the property. This flawed thinking accelerates the depreciation of a neighborhood. A rental neighborhood will look differently as you enter. There is nothing wrong with renters but when a large portion of homes are rented, the lack of home ownership shows. Many builders will not even allow investors to purchase new homes? Why not? Because the builder knows the homes will depreciate before they complete building. The builder will ultimately lose money by allowing investors to create a rental neighborhood. Yes, there are other variables such as price point. Always have an impartial Buyers Agent by your side. To learn more, contact me or visit http://www.FindMyCarolinaHome.com.

Charlotte New Homes

2007-03-23T22:45:00.000-05:00

Before purchasing Charlotte new homes at a discount, consider the other factors. Why are the homes discounted? Are the homes holding their value, appreciating or depreciating. There are certain builders that have reduced initial loan payments to make the homes affordable to people that can really not afford the payment. This is a disaster. The builder sells his inventory and then departs. Six months later the foreclosures and investors move in. Then comes the renters and your property value spirals downward. Be careful with new construction. An experienced Buyers Agent is at no cost and will help you make a wise decision.

Before deciding which agent will provide the best representation, ask questions. Examples are: Do you have any specific builder that you prefer? Why? Why not? Do you have any builder that you dislike? Why? A bad reputation is a political answer. A good agent will let you know why or why you do not want to make a purchase of a particular new home. There are some builders advertising very desirable schools but already know they are changed next year. Also a good agent will suggest what upgrades will help resale value. If your agent agrees with the builder sales agent, be cautious. I have had builder agents tell me of agents that just sit there and do not advise or recommend anything. If this is the case, you should just go it alone.

Do not agree to representation prior to actually discussing this inforamtion. A discount in the short run will cost you in the long run. Protect your largest investment.

South Charlotte Real Estate

2007-03-18T08:07:00.000-05:00

Charlotte actually has two distinct areas for south Charlotte homes. There is southeast Charlotte which is also known as the Ballantyne area. The other area is southwest Charlotte and this is the area surrounding Carowinds amusement park. Today we are speaking of southeast Charlotte.

Homes in Ballantyne are at a premium and the final developments are under way. The new construction is now to the county line of Union and the homes become larger and the price reflects the degree of affluence. Ardrey Chase and Ardrey Woods are both now underway. Ardrey Chase is a Centex development that is to have 157 homes upon completion. These are 4 side brick homes beginning in the low $400,000's. The subdivision is off of Johnston rd to Marvin Rd. There are already 17 homes sold and the ground is just being prepared. This is a Centex community and the on site builder agent is working out of a trailer.

If you are new to the area or have not visited the southeast recently, be prepared for a change. All along Ardrey Kell Rd is being developed. This little country road is changing by the day. To the far east at Providence is Stone Creek Ranch. The next intersection is Tom Short and there are commercial buildings, stores and restaurants. This development is unique for Charlotte with Stucco type buildings.

Continue west and the next rd is Community House. You will find Ardrey Woods, a Beazer Community, being constructed. Up ahead to the right is the brand new Ardrey Kell High School. The academics of this school will not be matched in Charlotte. This is the first year so the standardized testing will not be published until next fall. Property values will increase upon public notice of this school.

Continue down to Rea Rd and there are new commercial developments on each corner. The east side is almost complete and land preparation has begun on the west.

The next intersection is Ardrey Kell and Marvin. On the Northeast side of the rd is a new mixed use development that is a mile long and the ground preparation is underway.

Keep an eye on southeast Charlotte and watch you Charlotte North Carolina Real Estate values continue to appreciate! Looking for a home and a great investment? Move to southeast Charlotte.

Visit http://www.FindMyCarolinaHome.com for additional Charlotte North Carolina Real Estate information.

Charlotte Relocation considerations

2007-03-08T23:07:00.000-05:00

There are many factors to consider prior to a buying a new Charlotte home. Your priorities need to be "Will this new home be good for my family?" and "Do I know all of the expenses that accompany this new home?"

Charlotte is a major city. No it is not as large as New York but we have many diverse neighborhoods and each neighborhood has a different value. Value? Yes. Market value is based upon you, the buyer and the seller. How much is the informed buyer want to pay to live in a given area? It is difficult for the out-of-state buyer to know how the local market values a piece of property. Does this matter? Absolutely! Who knows a local neighborhood better? Who is more familiar with the safety of the neighborhood? Who is more familiar if the neighborhood is in a state of growth or decline? The local real estate professional knows this information.

Many out of state buyers are confident that they can do this alone. I understand and respect the attitude. I have learned form experience that too many people make devastating financial mistakes. There are areas that area appreciating very well in the greater Charlotte area. There are other aspects of our market that will earn negative appreciation (I can show you proof and this is with new construction).

You need to have someone looking out for your best interest when finding you Charlotte home. Your Realtor needs to know your concerns. See if your Realtor understands the crime statistics, various aspects of the schools, commute times, traffic problems and many more things that are imperative to the happiness of your family. No, I do not have everything memorized, but I can intelligently guide you to and through every resource. Yes, I will also explain many aspects to our growth, our taxes, new construction benefits and new construction traps.

The purpose of relocating is for a better life. Please do not roll the dice with your family. I want to help and assure you are delighted in your Charlotte home.

Charlotte Investment Opportunity

2006-08-23T23:28:00.000-05:00

Looking for the next great place to invest in Real Estate? Look no further than Charlotte North Carolina Real Estate. The word is already out and our population is exploding. Looking for land? We still have land available for development. Of course, the location of the land dictates the price; you can still purchase 40+ acres for less than $200,000. This property is in the neighboring counties, but this will not be for long.

Seize the opportunity and visit our area. You will see the limitless opportunity all around the charlotte area..