Charlotte Neighborhoods that are Changing

There are many changes occurring in the greater Charlotte Real Estate market since the national economy has changed. There were many investors that moved into the greater Charlotte Real Estate region after Katrina and the Florida Hurricanes in 2005 in addition to many credit challenged people.

There were three primary types of investors that moved into the Charlotte Real Estate market. The first was the new home investor. Several Charlotte Investors were purchasing Charlotte Starter Homes in new neighborhoods. They were making deals with builders to purchase homes in bulk for great discounts. In addition, the Charlotte Investor could be assured of no maintenance for a year and minimal maintenance for several additional years until they decided to sell. Each investor thought they were the only one doing this and every other investor in the nation did not read the same articles published throughout the nation about Charlotte's growth, affordable real estate and a great place to invest.

The problem with their philosophy is the renters within "new home" communities tanked the neighborhoods. New homes need a proud home owner to take care of the grass, landscaping, invest in window shades and much more. The renters did not do this and the neighborhoods reflected the "rental mentality".

Another group of "investors" wanted to purchase resale homes in established areas. They targeted areas that were very popular but inundated the least expensive neighborhood in such areas. The problem once again is that they did not operate in a vacuum! Many investors purchased homes within each community and Every one's home value plummeted with the new neighbors. It does not take too many renters hanging out to destroy property values.

The third group intentionally worked in concert and would pick a "Revitalization" neighborhood. Multiple investors began purchasing these homes, converting simple conservative homes into modern and updated cottage style homes. The problem is that the naive buyer did not realize the "demand" was falsely created and that there was no economical sustainable reason support those types of upgrades in those areas.

Where are the opportunities today? The first are the Charlotte starter neighborhoods. These neighborhoods are still having many foreclosures and short sales. These neighborhoods are so overwhelmed with renters that it will take time to weed out those home owners.

The superficially inflated neighborhoods will likely be reclaimed by the original inhabitants. Many of those people are realizing they are surrounded by negative factors and it is time to move their family into safer housing. Many of these buyers are now having families and need to find a safer place to call home. They are having trouble finding qualified buyers to relocate into those areas. The talk of "the entire" greater area being revitalized is now too far off in the future to imagine.

The affluent suburb neighborhoods will recoup the best. As investors lose their tenants and sell, the communities will return to their natural states based on sound economic and educational factors.

There are several examples of these neighborhoods. Visit my Charlotte Real Estate site to learn more about the great Charlotte Real Estate region and discover the opportunity in purchasing Charlotte Homes for Sale.

Weddington Homes for Sale

Weddington NC Real Estate continues to grow in popularity based on location, schools and taxes. Weddington was a very rural suburb just south of the prestigious South Charlotte Real Estate market. many of the homes in Weddington rest on 1 acre lots embraced by trees and nature.

How do I find Weddington Homes for Sale? Weddington NC is a bit confusing since Weddington North Carolina does not actually have a post office so the mailing addresses are based on which post office services the area. Many Weddington Homes are serviced by the Matthews NC post office. Matthews is technically in the neighboring county (Charlotte/Mecklenburg County). Matthews borders much of Weddington and thus services the area. You will notice that these Weddington Homes have Union County taxes and belong to Union County Schools.

One example is the Greystone subdivision. This is a subdivision with plenty of space and a variety of homes; this is not your "cookie cutter" neighborhood! Greystone offers the cul-de-sac neighborhood with privacy for you and your family!

Authored by Rick Waite

Visit Charlotte Real Estate today and consider 6005 Greystone as your new home. This is found under my Featured Charlotte Real Estate listings; a great home and a great location! Visit today!

Waxhaw NC Passes Liquor by the drink!

As the greater Charlotte region continues to evolve our suburbs are also experiencing a huge influx of new ideas. Waxhaw North Carolina just passed a law to allow liquor by the drink. This may sound odd to many but there are no bars in Waxhaw and no alcohol sold in restaurants. Waxhaw NC has been and maintained itself as a small little country town and wanted to preserve their character. Yes, there were several powerful groups also assuring "liquor by the drink" was defeated.

The issue was placed up for a vote once again and the vast majority voted to approve the measure. Will this change the quality of life in Waxhaw and how will this impact Waxhaw Real Estate?

There are a lot of new residents in Waxhaw and the new comers likely now out number those that were born here. Liquor by the drink is not actually stopping people from drinking; they are just spending their money in surrounding areas. Now that money will remain in Waxhaw. Waxhaw Homes are likely to experience an increase in demand. I share this because I have had clients moving "from" Waxhaw because they were so disgusted that they could not stop and have a beer locally.

Waxhaw is a great town and a great place to call home. Visit Waxhaw Real Estate to learn more about our fantastic little town.

Charlotte Foreclosures can still beat the November 30th Deadline!

First time Charlotte home buyers can still buy Charlotte Foreclosures and still received the $8,000 Federal Rebate/Refund the has been proven. Charlotte Short Sales will likely not be able to close in time to qualify for the November 30th deadline son Charlotte NC Foreclosures are the only option in Charlotte NC.

Learn more about Charlotte Foreclosures, Charlotte Short Sales and so much more at Charlotte NC Real Real Estate to discover the unique homes throughout our greater Charlotte real estate market.

Charlotte Real Estate and Charlotte NC Weather

As the north begins feeling the fall chill in the air, Charlotte continues its pleasant weather patterns. Our evenings are getting cool into the upper 40's and our day time highs are pleasant upper 70's and lower 80's. Absolutely delightful. How does that impact Charlotte Real Estate?

The Charlotte NC Real Estate market does not stop in the fall and winter but continues driving forward. The desirability of our climate just increases the passion fro Charlotte Homes. The Charlotte Property market slows in the winter but there are still many people realizing that it is still time to relocate to Charlotte.

What can you expect for our winter? If you anticipate one snow fall and one ice storm a year then you will witness a bad winter. Our snow fall (averages about 2 inches) will typically be melting by 10:00 in the morning. Charlotte Schools will be closed with any snowfall. If you think about this it makes sense. If the school bus drivers only see snow once a year they will not be accustomed to diving in snow. One accident would not be acceptable for our kids so it is better safe than sorry.

It is always a good time to visit Charlotte and discover the Charlotte home that is waiting for you and your family. Learn more about Charlotte Real Estate -Charlotte NC Homes for Sale today! Buy now before the national economy creates too much demand and the prices will continue to increase.

Charlotte Foreclosures

Charlotte foreclosures are in huge demand especially for first time home owners. In order to receive the $8,000 tax credit you must not have owned a home within the past 3 years (if married this rule applies to both of you). The home must close before December 1, 2009 so first time home buyers must make their decisions soon.

Foreclosures typically allow you to purchase a larger home for less money. Charlotte is a major city (relatively speaking) and has a huge variance within the Charlotte foreclosure market. There are many new home neighborhoods that were primarily occupied by investors/renters and sub-prime loans. Many of these neighborhoods are already being transformed since the lending standards have changed. Is this good or bad?

I will say that Charlotte Real Estate is going to be much stronger as a result and Charlotte foreclosures will be short lived. Yes, there will be additional Charlotte foreclosures based on past decisions (no equity in the current Charlotte NC Homes due to 100% financing). But the transformation is already under way.

Charlotte Real Estate is in demand and now only "A" credit people can relocate to places like Charlotte. This is not to disparage anyone with "B" credit but "B" credit home buyers really should work out their situations so that when they actually can buy a Charlotte home their habits and life style assure they can afford the home and have a better life like they had intended.

Ultimately there are some decent deals out there for those prepared to purchase a home; Charlotte Foreclosures, like any foreclosure home buyer always assumes some risk. Your discount is based on the risk assumed.

Learn more about the foreclosure market at Charlotte NC Foreclosures or call me directly at 704.770.6559 and visit Charlotte NC Homes for Sale to learn about the greater Charlotte area.

Charlotte Foreclosures

Charlotte Foreclosures are still offering a great opportunity for buying your Charlotte home. There are several challenges to these homes; first and foremost is home financing. Banks have already discounted the homes since it is a foreclosure. The bank is not in the repair business so that is why the homes are discounted below market value. The home is sold "as is".

If you are purchasing a home via an FHA loan, then you will likely be excluded from the foreclosure market. The majority of banks/mortgage companies will not accept FHA mortgages. The banks have learned that a large portion of these never close because the home inspection. The home inspection will find defects (that is why it is "as is") and then the repairs must be made prior to FHA funding.

So the option of only paying 3.5% down payment is gone. What is next? The next loan program is 95% financing. It is incredible to see but lenders are still making 95% loans. The Charlotte Real Estate market, as a whole, remains strong enough that the lenders are reasonably assured that the values will not drop in the near term. Yes, you must have a very good credit score, two years of tax returns and then the money for the down payment. If you want to take advantage of the first time home buyers tax credit you may want to consider this option.

Learn about the real options prior to searching for home in Charlotte. Visit Charlotte Real Estate -Charlotte NC Homes for Sale and learn about Charlotte and our great suburbs.