Many people are interested in the growth all around Charlotte and seeking their ideal opportunity. Kannapolis NC Real Estate needs to be a consideration. Kannapolis was a quaint mill town until 2003 when the Pillowtex factory officially went out of business. Since then a complete transformation has taken place to this little town. Kannapolis is located northeast of Charlotte and about a 30 minute drive to uptown. Kannapolis is in Cabarrus County and now is the bio technology headquarters! Dole foods has teamed up with several universities to establish the bio tech center in Kannapolis. The grand opening of the first research center was this week in addition to the latest member to join in, Pepsico! It is incredible to see the continued growth in this area despite the current world economic situation.
If you want to be on the cutting edge of development and bio technology, Homes in Kannapolis is here for you! Learn more about greater Charlotte Real Estate and Charlotte Suburbs and make your move. 2009 is going to be a great year!
Wednesday, October 22, 2008
Friday, October 17, 2008
Charlotte Relocation and Schools
A huge factor to consider when relocating is the school. You must keep in mind that Charlotte is a growing market. This means the schools have a constant influx of students with a wide variety of education levels. This creates a challenge for t he teacher to get everyone up to the same standard.
What Charlotte Relocation factors should you consider. If you are considering a new home it is likely in an area of Charlotte Real Estate that is still developing. The students will be from all across the nation and it will be quite a challenge to establish the "school norms". The good side of this is that all of the kids are new and more open to creating new friendships.
If you look into a preexisting home or a more developed area, then the schools have been established and the classroom structure will be more standardized. The downside is that the children have already created networks of friends and your child may not fit in all the way for a short period of time. Yes it will vary on the student.
These are just a few of the factors to consider for Charlotte Real Estate. Visit http://www.findmycarolinahome.com for additional information of the greater Charlotte area or call me directly @ 704.770.6559.
What Charlotte Relocation factors should you consider. If you are considering a new home it is likely in an area of Charlotte Real Estate that is still developing. The students will be from all across the nation and it will be quite a challenge to establish the "school norms". The good side of this is that all of the kids are new and more open to creating new friendships.
If you look into a preexisting home or a more developed area, then the schools have been established and the classroom structure will be more standardized. The downside is that the children have already created networks of friends and your child may not fit in all the way for a short period of time. Yes it will vary on the student.
These are just a few of the factors to consider for Charlotte Real Estate. Visit http://www.findmycarolinahome.com for additional information of the greater Charlotte area or call me directly @ 704.770.6559.
Thursday, October 02, 2008
Charlotte Real Estate Market Update
The greater Charlotte Real Estate market remains extremely healthy and strong! What? How do you come to that conclusion? It takes an understanding of Charlotte Real Estate and the property opportunities are clear.
The latest report says Charlotte Real Estate depreciated a little over 1% during the past 12 months. That does not sound tragic but this does not make a good real estate investment. Let's break down the Charlotte Real Estate market and then you decide.
Charlotte is a new city and many of the home sales are new homes in new Charlotte neighborhoods. What happened when the government provided home owners with high risk loans? There was a rush of new home buyers that were not ready to be home owners. Many of these people across the nation rushed to Charlotte NC Real Estate. They purchased Charlotte Homes in new neighborhoods and frequently in the lower cost new neighborhoods. These Charlotte Neighborhoods have a high percentage of Charlotte Homes in foreclosure. What do you think is the appreciation in these neighborhoods? These neighborhoods have depreciated and will take some time to recover. What is their appreciation rate? It is negative and worse than the majority of other homes. Yes, these drag down the remainder of Charlotte homes for sale when you look at the overall rates.
There are also some neighborhoods that Charlotte Real Estate investors decided to rehab. What? Yes, there are certain older neighborhoods that investors across the nation took a small quaint Charlotte neighborhood and then changed the market. They increased the size of the homes, added granite, hardwoods, tile and then doubled the price. These neighborhoods experienced a frenzy of excitement but the fundamentals of demand were not sound. The inflated appreciation of these neighborhoods have not done well.
You will also notice that Million dollar Charlotte homes has also taken a hit. Many of these homes were purchased in the excitement of a rapidly growing city and the buyers did not have a sound long term economic strategy. These homes have taken a hit and not selling as rapidly. How does that impact the market? If 100 million dollar homes sold last year during the summer and then only 10 sold this year, the aggregate numbers will show sharp depreciation if the difference of 90 current homes sales are in the $250,000 range as opposed to a million.
In conclusion, you will see that the Charlotte Real Estate market is still very strong and enjoying a nation wide real estate demand. How do you know a good buy? What is a good value and which homes are not? As a Charlotte Real Estate Agent and my firm understanding of the economy we can assure you find a great Charlotte home for you and your family.
The latest report says Charlotte Real Estate depreciated a little over 1% during the past 12 months. That does not sound tragic but this does not make a good real estate investment. Let's break down the Charlotte Real Estate market and then you decide.
Charlotte is a new city and many of the home sales are new homes in new Charlotte neighborhoods. What happened when the government provided home owners with high risk loans? There was a rush of new home buyers that were not ready to be home owners. Many of these people across the nation rushed to Charlotte NC Real Estate. They purchased Charlotte Homes in new neighborhoods and frequently in the lower cost new neighborhoods. These Charlotte Neighborhoods have a high percentage of Charlotte Homes in foreclosure. What do you think is the appreciation in these neighborhoods? These neighborhoods have depreciated and will take some time to recover. What is their appreciation rate? It is negative and worse than the majority of other homes. Yes, these drag down the remainder of Charlotte homes for sale when you look at the overall rates.
There are also some neighborhoods that Charlotte Real Estate investors decided to rehab. What? Yes, there are certain older neighborhoods that investors across the nation took a small quaint Charlotte neighborhood and then changed the market. They increased the size of the homes, added granite, hardwoods, tile and then doubled the price. These neighborhoods experienced a frenzy of excitement but the fundamentals of demand were not sound. The inflated appreciation of these neighborhoods have not done well.
You will also notice that Million dollar Charlotte homes has also taken a hit. Many of these homes were purchased in the excitement of a rapidly growing city and the buyers did not have a sound long term economic strategy. These homes have taken a hit and not selling as rapidly. How does that impact the market? If 100 million dollar homes sold last year during the summer and then only 10 sold this year, the aggregate numbers will show sharp depreciation if the difference of 90 current homes sales are in the $250,000 range as opposed to a million.
In conclusion, you will see that the Charlotte Real Estate market is still very strong and enjoying a nation wide real estate demand. How do you know a good buy? What is a good value and which homes are not? As a Charlotte Real Estate Agent and my firm understanding of the economy we can assure you find a great Charlotte home for you and your family.
Sunday, September 21, 2008
Charlotte Foreclosures and Charlotte Short Sales
Many people are hoping to find a deeply discounted home within Charlotte Real Estate. Yes, the sub prime market created havoc throughout the natioanl real estate market. There are many things to learn and ways to recognize real opportunity. The first is to comprehend that every area is different and real estate is ultimately local in nature.
Charlotte is a new city with a lot of large farms (rapidly being purchased by major developers). The developerbuilds the infrastructure and then sells the lots off to large builders. The builders selected a "price point" based on the demand (and cost of the land) in each area. If the area supported million dollar homes, the builder was willing to pay more for the lots. If the area demand would support $100,000 homes, the lots were considerably less expensive. These less expensive developments (in any and each area) typically focused on the local sub prime buyers.
One area in Charlotte may have many sub prime homes in $100,000 Charlotte neighborhoods and another Charlotte Suburb may have many sub prime loans in the range of $200,000. It all depended on the less expensive homes in each given area. This has created a HUGE opportunity in Charlotte Foreclosures and Charlotte Short Sales!
Yes, there are new home developments in Charlotte with a high percentage of sub prime loans and now short sales. Is this an opportunity? It depends.
The sub prime market was dictated by the government and not lenders. The government persuaded the lenders to bow to their political pressure and make new loans. The lenders have extensive criteria for credit risk analysis and it was based on individual credit risk and credit history. This criteria was ignored for political correctness. The tax payers are now to bear the burden.
Opportunity? The super inflated housing market will clean itself up in time. Yes, it will take several years for eh high risk loans to all fail and real home owners to move into the challenged neighborhoods. These Charlotte Real Estate deals are not for he couch potato American watching TV shows for their real estate mentoring. Remember it is a TV show. TV shows are even more disingenuous than the news media!
These Charlotte Neighborhoods will improve over time. The foolish "get rich quick" investors will lose their investments (consider a social donations) and real owners will once again have neighborhoods reflecting the pride of ownership. This will take several years but in return you will have a strong investment, a safe and friendly neighborhood with shared ambitions and goals.
Learn more about Charlotte Real Estate by visiting http://www.FindMyCarolinaHome.com
Charlotte is a new city with a lot of large farms (rapidly being purchased by major developers). The developerbuilds the infrastructure and then sells the lots off to large builders. The builders selected a "price point" based on the demand (and cost of the land) in each area. If the area supported million dollar homes, the builder was willing to pay more for the lots. If the area demand would support $100,000 homes, the lots were considerably less expensive. These less expensive developments (in any and each area) typically focused on the local sub prime buyers.
One area in Charlotte may have many sub prime homes in $100,000 Charlotte neighborhoods and another Charlotte Suburb may have many sub prime loans in the range of $200,000. It all depended on the less expensive homes in each given area. This has created a HUGE opportunity in Charlotte Foreclosures and Charlotte Short Sales!
Yes, there are new home developments in Charlotte with a high percentage of sub prime loans and now short sales. Is this an opportunity? It depends.
The sub prime market was dictated by the government and not lenders. The government persuaded the lenders to bow to their political pressure and make new loans. The lenders have extensive criteria for credit risk analysis and it was based on individual credit risk and credit history. This criteria was ignored for political correctness. The tax payers are now to bear the burden.
Opportunity? The super inflated housing market will clean itself up in time. Yes, it will take several years for eh high risk loans to all fail and real home owners to move into the challenged neighborhoods. These Charlotte Real Estate deals are not for he couch potato American watching TV shows for their real estate mentoring. Remember it is a TV show. TV shows are even more disingenuous than the news media!
These Charlotte Neighborhoods will improve over time. The foolish "get rich quick" investors will lose their investments (consider a social donations) and real owners will once again have neighborhoods reflecting the pride of ownership. This will take several years but in return you will have a strong investment, a safe and friendly neighborhood with shared ambitions and goals.
Learn more about Charlotte Real Estate by visiting http://www.FindMyCarolinaHome.com
Sunday, September 14, 2008
Purchasing Charlotte Foreclosures
The first thing to understand about purchasing Charlotte Foreclosures are the various types of foreclosures. Before the actual home is foreclosed upon is called a pre-foreclosure. This means the owner is behind on his payments and the lender has begun the required legal process to begin the foreclosure. This is the beginning as the lender files paperwork at the court house requesting a hearing.
A pre-foreclosure has several forms and several possible end results. The first scenario is when the seller has equity in the home. The higher the equity in the home is less likely for the home to go through foreclosure. The current owner will either catch up on the mortgage or sell the home. If he sells the home, then you can likely get a good deal because the seller knows it must be sold quickly (before the foreclosure proceedings). The caution with this type of purchase is that the seller, since he is having financial difficulties, is likely not maintaining the home.
The next scenario is if the seller has no equity and has no money. This home has not been maintained and now the foreclosure seems inevitable. At this point and time the seller can contact the lender and work out a possible "Short Sale". A short sale is when the bank accepts less than what is actually owed from the current owner. The bank decides if the offer amount is adequate based on their cost savings of the foreclosure, the higher risk of damage and the current market value. There can be great opportunities for deals in this type of purchase.
If the seller still can not sell the home, then the home goes into foreclosure via an auction. The beginning bid is placed by the lender for the amount owed on the home. The bank assumes the vast majority of these homes because in today's world, most foreclosures have no equity.
When a home is purchased via foreclosure, the lender now has an appraisal completed and the home is marketed. These homes are listed by Realtors to effectively market the home.
I hope this information is helpful. For additional information visit Charlotte NC Foreclosures or Charlotte Real Estate and begin your search.
A pre-foreclosure has several forms and several possible end results. The first scenario is when the seller has equity in the home. The higher the equity in the home is less likely for the home to go through foreclosure. The current owner will either catch up on the mortgage or sell the home. If he sells the home, then you can likely get a good deal because the seller knows it must be sold quickly (before the foreclosure proceedings). The caution with this type of purchase is that the seller, since he is having financial difficulties, is likely not maintaining the home.
The next scenario is if the seller has no equity and has no money. This home has not been maintained and now the foreclosure seems inevitable. At this point and time the seller can contact the lender and work out a possible "Short Sale". A short sale is when the bank accepts less than what is actually owed from the current owner. The bank decides if the offer amount is adequate based on their cost savings of the foreclosure, the higher risk of damage and the current market value. There can be great opportunities for deals in this type of purchase.
If the seller still can not sell the home, then the home goes into foreclosure via an auction. The beginning bid is placed by the lender for the amount owed on the home. The bank assumes the vast majority of these homes because in today's world, most foreclosures have no equity.
When a home is purchased via foreclosure, the lender now has an appraisal completed and the home is marketed. These homes are listed by Realtors to effectively market the home.
I hope this information is helpful. For additional information visit Charlotte NC Foreclosures or Charlotte Real Estate and begin your search.
Monday, September 08, 2008
Charlotte Suburbs
Charlotte has many great homes and the homes in Charlotte suburbs are particularly in high demand. Ballantyne is one are that is highly recommended. Ballantyne Real Estate is located in South Charlotte Homes for Sale and provides a country club type of environment.
Weddington and Waxhaw homes are also in high demand. Weddington Homes for Sale and Waxhaw Real Estate are located in Union County just south of Charlotte. Weddington is very popular based on the schools.
Fort Mill SC Real Estate is also a great Charlotte Suburb. Fort Mill is only 10 miles from uptown Charlotte and provides a great opportunity for a real estate investment. Fort Mill has great schools and lower property taxes so it is a win-win situation for the home buyer.
As you are seeking Charlotte Homes for sale, visit http://www.findmycarolinahome.com for additional information on great Charlotte Suburbs.
Weddington and Waxhaw homes are also in high demand. Weddington Homes for Sale and Waxhaw Real Estate are located in Union County just south of Charlotte. Weddington is very popular based on the schools.
Fort Mill SC Real Estate is also a great Charlotte Suburb. Fort Mill is only 10 miles from uptown Charlotte and provides a great opportunity for a real estate investment. Fort Mill has great schools and lower property taxes so it is a win-win situation for the home buyer.
As you are seeking Charlotte Homes for sale, visit http://www.findmycarolinahome.com for additional information on great Charlotte Suburbs.
Monday, August 18, 2008
Charlotte Real Estate Property Taxes
There are a multitude of reasons for people relocating to Charlotte Real Estate. One large factor and concern are property taxes. Many major cities have outrageous property taxes that ultimately hurt your home owners and tax payers. Charlotte is more equitable than that. Charlotte Real Estate Property Taxes are higher than the surrounding areas but taxes are still relatively cheap.
As you consider relocating, you should also consider Fort Mill SC Real Estate. South Carolina recently revamped how their schools are funded. South Carolina Schools are now funded via the sales tax and the lottery. The concerns are that now the state has control of funding (as opposed to each school district). So far the system has worked well and Fort Mill continues to grow rapidly and their school academics are some of the best in the state. Now consider that you are paying lower property taxes for your quality of life.
Charlotte Real Estate does have higher taxes but if you consider he convenience of commuting and amenities, the difference in property tax is not too significant (especially considering the cost of gas).
Regardless of where you choose to call home, the greater Charlotte Real Estate market provides a multitude of options.
As you consider relocating, you should also consider Fort Mill SC Real Estate. South Carolina recently revamped how their schools are funded. South Carolina Schools are now funded via the sales tax and the lottery. The concerns are that now the state has control of funding (as opposed to each school district). So far the system has worked well and Fort Mill continues to grow rapidly and their school academics are some of the best in the state. Now consider that you are paying lower property taxes for your quality of life.
Charlotte Real Estate does have higher taxes but if you consider he convenience of commuting and amenities, the difference in property tax is not too significant (especially considering the cost of gas).
Regardless of where you choose to call home, the greater Charlotte Real Estate market provides a multitude of options.
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