Marvin Homes for Sale

Marvin Homes for Sale continue to challenge many people searching for homes from outside the greater Charlotte Real Estate region.   Many people, especially in the age of the Internet, like to have the freedom to search on their own, to gather information and then be prepared to make a sound and well informed decision.

Homes in The Reserve of Marvin

Places like Marvin (and many areas in the greater Charlotte region) create challenges.  Marvin is actually a village (not a town or city).  It is a small rural location in the northwestern corner of Union County NC.  Marvin has a mailing address of Waxhaw.  Yes, some residents will write Marvin as the mailing address but ultimately, the US Postal service delivers based on Post Offices and zip codes.  The Marvin area is serviced by the Waxhaw Post Office and the US Zip Code is 28173.

Marvin is bordered to the north by Charlotte, more specifically, the Ballantyne Real Estate region of South Charlotte.  To the east of Marvin is Weddington.  Weddington Real Estate is also very popular but that is another blog.

To the south of Marvin is Waxhaw.  Waxhaw Real Estate includes the areas in northern Waxhaw that represent the thriving Union County suburbs of Charlotte.  The southern side of Waxhaw is still largely rural with new communities still popping up.

To the west of Marvin is the South Carolina border and an area known as Indian Land.  Indian Land is in Lancaster County SC and has a Fort Mill Real Estate US Post Office (zip code 29707).  The Firethorne Country Club has homes in both Indian Land and Marvin.  Each has its benefits and both are popular.

As you consider either buying or selling a home in the greater Marvin area, a knowledgeable Realtor ill be a life saver.  As a Realtor in the Marvin Real Estate area, I am very familiar with the area, the schools, the property taxes, nearby shopping, restaurants, parks and much more.

Expect more from a Realtor; you deserve it.  Contact me, Rick Waite today at 704-770-6559 and we will get started.

545 Bertram Rd Fort Mill Home For Sale

545 Bertram Rd within Fort Mill Real Estate presents a great opportunity of a large and spacious home within York County SC.  The master bedroom is HUGE! Plenty of room for a sitting area and an areas to exercise!  The loft is a great area for all of your recreational desires.  The kitchen has granite, tile backsplash, tile floors and enough room for a full kitchen table!  The Spicewood Subdivision of Fort Mill is a small subdivision and this home sets on a large cul-de-sac lot. 

More Photos and details

 

Discover all that Fort Mill has to offer; great schools, low property taxes and a convenient short commute to uptown Charlotte!  Email Rick Waite today at call 704-770-6559 to schedule a showing!

Charlotte New Homes

It is incredible and exciting to see so many builders in the greater Charlotte Real Estate market constructing new homes.  I was with a client yesterday doing their final walk through at a new home in The Palisades.  There are at least six homes within the subdivision under construction!

In the Ballantyne area, Ballanmoor is thriving along with many in Union County including Lawson and Bromley!  Home prices are on the rise.  Charlotte area New homes are being constructed with an abundance of new features such as more protective electrical circuits along with greater energy efficiencies.

There are incredible homes and the prices are still very reasonable in our market.  If you are still hesitating that new home purchase, you will want to make your move.  Mortgage interest rates are on the rise; the increase will make that dream home just beyond your reach with a higher payment.

Call today to learn more about the great deals in the greater Charlotte Real Estate market!

Charlotte Foreclosure Update Jan 2013

As the economy continues to move along, the Charlotte Foreclosure market continues selling at a strong pace.  For January 2013, a total of 1915 single family homes sold.  Of those, there were a total of 526 foreclosure homes sold. 

So how does this compare?  Total sales increased 25% in January 2013 compared to January 2012.  The total foreclosure sales decreased from our 2012 peak in January of last year of 19% to 27% in 2013.  As long as the sales continue to grow, the market will absorb all of the foreclosures. 

Yes, there is still an abundance of opportunity in Charlotte Foreclosures but at this pace of sales, it is only a matter of time until the Charlotte Real Estate market has a full recovery.

If you have been waiting for the bottom of the Charlotte Real Estate market, it looks like you waited too long!  There are still opportunities but be prepared for multiple offers on aggressively priced foreclosure homes.

Learn about Charlotte Foreclosures and let's find your ideal home today!  You do not want to hold off any longer; it will be a decision you will regret for many years to come.  There are those who watch opportunity pass them by and those that seize it!  Which group do you wish to join?

Call today at 704-770-6559 and I, Rick Waite, will be here to help you find a great Charlotte area Homes for sale!

Authored by Rick Waite

Waxhaw Real Estate Listings

Waxhaw Real Estate has an abundance of options!  Waxhaw Homes for Sale include homes bordering South Charlotte Real Estate in the Village of Marvin all the way to the South Carolina Border in western Union County.  Discover the value in Waxhaw Homes for Sale including, our new listings, Waxhaw Foreclosures, Waxhaw Short Sale, Waxhaw Single Family Homes for Sale and Waxhaw Townhomes for Sale.

Waxhaw New Listings Waxhaw Real Estate Listings are updated daily!

Waxhaw Foreclosure Listings  Discover the value in Waxhaw Foreclosures; there are amazing deal available.  You need to be ready; great deals will sell quickly!

Waxhaw Short Sale Listings If you have time and patience, there are incredible deals to be had in Short Sales!

Waxhaw Single Family Homes for Sale Waxhaw has a wide range of homes from modest starter homes to elaborate mansions.  Regardless, we have something for everyone!

Waxhaw Townhomes for Sale Waxhaw has a very small townhome market and what we do have tends to sell quickly. 

Authored by Rick Waite

Waxhaw Real Estate listings provide an ideal Charlotte Real Estate suburb to settle down and call home.  We welcome you and your family!  Discover all that we have to offer within Waxhaw Real Estate.  Waxhaw Homes for Sale will impress!

Charlotte Short Sales Trends 2012

Charlotte Short Sales Trends continue to track upward in the greater Charlotte Real Estate market.  As a Charlotte Area Realtor, I follow the sales of single family home sales in our greater region.  I have been tracking short sales over the past three years.  I find it helpful to watch trends to forecast where the Real Estate Industry is heading.

Keep in mind that each area of the country in unique.  Real Estate is local.  The Charlotte region experienced a very large expansion over the past decade.  Many were relocating from across the country; many from the northeast.  As the national housing sales slowed, so did the migration to Charlotte.  Yes, it will only be a matter of time until people move on with their lives and make their relocation happen regardless.

The trends:  In 2010, short sales consumed 4.5% of our market.  In 2011 it jumped to 5.7 and then in 2012 it is now at 6.4% of our total market share.  This is a continual rise.  Why?  I list and sell many short sales in the greater Charlotte region.  The down economy continues to take a toll of many families.  Real life happens and there often seems to be no way out.  If you purchased your home at the housing peak, what can you do.    Death, divorce, unemployed, family illness or job relocation are some of the major factors that force a person to sell their home.  What happens if you are $50,000 under market value?  What do you do?  You can not afford to keep paying your previous mortgage.  A short Sale is the answer.  It is much better on your credit report than a foreclosure and still gives you "some" control over your financial situation (as opposed to a foreclosure).

A short sale is never an easy conclusion but you really need to consider every option before you just resign yourself to a foreclosure.  Make the best of a bad situation.  The Federal Government just extended debt forgiveness for many short sales.  This primarily applies to your primary residence and your first mortgage.  The vast majority of 2nd lien holders also forgive the debt but it also depends.  Call me, Rick Waite today to make the best of this situation.  As a Charlotte area Realtor, I will do what ever possible to help.  Call me BEFORE you contract to pay anyone.  A short sale should not cost you for the services!  Learn all about Charlotte Short Sales; an education is the way to begin!

Homes on Lake Davidson

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

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

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

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

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

Authored by Rick Waite

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

Charlotte Real Estate and Weddington Homes for Sale

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

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

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

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

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

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

Charlotte Investment Homes

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


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

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


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



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


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

Charlotte Real Estate Companies

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

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

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?

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!

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?

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

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

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

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

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?

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!