How is the current Charlotte North Carolina Real Estate market? In reality, the media "crisis" is only a mere fraction of the market. What caused this crisis? The media. It was just a short time ago when the media created the outrage of "the evil bankers' keeping down the common man and not allowing enough opportunities fro home ownership. The Government stepped in and convinced the lenders to ignore their statistical data and lend more money. The Government knew these were high risk loans and guaranteed the loans.
As the high risk loans continued to default, the media screamed that the banks were heartless again and created a new "crisis".
First, the banks lend "our" money. When borrowers default, it is our money they are not returning. Banks do not own money; we do.
So how large is the financial "crisis"? It is only a mere fraction of the loans that are at risk but the media has placed the citizens in a paranoid state and many are scared to purchase a home and making the media story a reality!
Opportunity? Of course. Paranoid people make uneducated decisions and the wise man will prosper. It is actually a great time to actually buy a home. The economy is doing well, the Fed lowered interest rates and there are deals to be found. The smart people realize this is a hoax and that is when the common people lose out. The common person follows the media.
Perception is reality and the media creates their version of reality. So if you are ready to take charge of your own reality it is an opportune time to purchase Charlotte North Carolina Real Estate.
Tuesday, October 23, 2007
Friday, September 21, 2007
Charlotte Real Estate Opportunities
What effect has the sub prime mortgage market had on the Charlotte Real Estate market? It has created a buying opportunity! First you need to consider the sub prime market. The sub prime market was developed to provide "less than perfect" credit loans. In the Charlotte Real Estate market, these buyers were buying a reasonable new home. There are certain builders that focus on the first time home owners. So where are they now? Well, as the sub-prime loans dried up, many of these specific builders now have an abundance of inventory homes available. The builders that are hardest hit are slashing prices to move the inventory. How does this affect the neighborhood?
As a builder offers deeper discounts, the overall values decrease (in the short term). As long as the builders keep the investors from further devaluing their neighborhoods, you can do very well. There is one builder in Charlotte that has over 75 inventory homes located throughout the area. This weekend they are offering a 30 year fixed rate loan at 5.5%! There will be many great deals to be had.
These discounts will go away very soon. The only reason these inventory homes are available is that people initially qualified with a sub prime mortgage. Now the borrowers no longer qualify! There are deals to be made. Visit http://www.FindMyCarolinaHome.com for additional information for Charlotte Real Estate. If you are ready to make a deal, let me know and I will help you select the home of your dreams!
As a builder offers deeper discounts, the overall values decrease (in the short term). As long as the builders keep the investors from further devaluing their neighborhoods, you can do very well. There is one builder in Charlotte that has over 75 inventory homes located throughout the area. This weekend they are offering a 30 year fixed rate loan at 5.5%! There will be many great deals to be had.
These discounts will go away very soon. The only reason these inventory homes are available is that people initially qualified with a sub prime mortgage. Now the borrowers no longer qualify! There are deals to be made. Visit http://www.FindMyCarolinaHome.com for additional information for Charlotte Real Estate. If you are ready to make a deal, let me know and I will help you select the home of your dreams!
Tuesday, August 28, 2007
Charlotte Real Estate: The Next Wave of Growth
Where will Charlotte Real Estate be 15 years from now? Where will a good place to have a home? Is Charlotte be a good place to raise a family?
First accept the fact that Charlotte was a small city just 15 short years ago. As more and more people visited, they liked what they saw. Our population has been growing exponentially ever since. Will it continue. Of course! We have a great climate, it is 2.5 hours to the beach and 2.5 hours to the mountains. We are far enough away from the coast to avoid hurricanes and our winters are mild.
As every major city grows, there will be given areas of real estate that are of higher demand. I can help you find those areas.
The counties surrounding Charlotte will also thrive. This occurs all over the nation. Now imagine how far into the outer counties our growth will spread considering our rapid population expansion. Charlotte NC Real Estate is destined to grow. If you are considering Charlotte homes, I will help protect your investment in Charlotte Real Estate.
First accept the fact that Charlotte was a small city just 15 short years ago. As more and more people visited, they liked what they saw. Our population has been growing exponentially ever since. Will it continue. Of course! We have a great climate, it is 2.5 hours to the beach and 2.5 hours to the mountains. We are far enough away from the coast to avoid hurricanes and our winters are mild.
As every major city grows, there will be given areas of real estate that are of higher demand. I can help you find those areas.
The counties surrounding Charlotte will also thrive. This occurs all over the nation. Now imagine how far into the outer counties our growth will spread considering our rapid population expansion. Charlotte NC Real Estate is destined to grow. If you are considering Charlotte homes, I will help protect your investment in Charlotte Real Estate.
Saturday, July 28, 2007
How is the Charlotte Real Estate Market?
The most frequent question I receive is "How is the Charlotte Real Estate market? Are people still relocating to Charlotte? How is the market.
First, real estate is local. The news will provide sensational stories about how bad the world is doing. That's the news. Most of us know the news is less than credible.
Yes, I am a sales person and there are sales people that will mislead you. So how can you tell for sure.
Ask yourself some questions:
1) Since the hurricanes hit Florida, taxes, home owner dues and insurance skyrocketed. Are any of these additional costs going down? (No). Can the average American afford hundreds of dollars in bills every month? (No). Are additional costs going to make the super inflated Florida market over priced for relocations? (Yes). Are Floridians still trying to unload their homes? (Yes).
2) Is it still cold up north? (Yes). Have Americans decided they now prefer colder weather? (No). Are the baby boomers up north retiring? (Yes). Are they seeking a lower cost of living and warmer weather? (Yes). Is this going to change? (No).
3) Want-to-be investors: Can you steal a home in Charlotte? (N0). The reason you can steal a home is other areas is because too many people are leaving.
Charlotte continues to grow and homes continue to appreciate. Yes, it is more difficult to obtain a sub prime loan (loans for challenged credit or for investors and 100% financing). Yes, there may be rental opportunities in neighborhoods that attract the credit challenged clientele.
The Charlotte market continues to grow and people are relocating from all across the country. They are coming from Seattle, LA, Phoenix, Miami, New York, New Jersey and more. Our economy is thriving and there are new developments beginning on a regular basis.
I hope this information is helpful. I am not here to mislead anyone and that is why I share these basic real estate principles. Let me know how I can further assist. http://www.findmycarolinahome.com/.
First, real estate is local. The news will provide sensational stories about how bad the world is doing. That's the news. Most of us know the news is less than credible.
Yes, I am a sales person and there are sales people that will mislead you. So how can you tell for sure.
Ask yourself some questions:
1) Since the hurricanes hit Florida, taxes, home owner dues and insurance skyrocketed. Are any of these additional costs going down? (No). Can the average American afford hundreds of dollars in bills every month? (No). Are additional costs going to make the super inflated Florida market over priced for relocations? (Yes). Are Floridians still trying to unload their homes? (Yes).
2) Is it still cold up north? (Yes). Have Americans decided they now prefer colder weather? (No). Are the baby boomers up north retiring? (Yes). Are they seeking a lower cost of living and warmer weather? (Yes). Is this going to change? (No).
3) Want-to-be investors: Can you steal a home in Charlotte? (N0). The reason you can steal a home is other areas is because too many people are leaving.
Charlotte continues to grow and homes continue to appreciate. Yes, it is more difficult to obtain a sub prime loan (loans for challenged credit or for investors and 100% financing). Yes, there may be rental opportunities in neighborhoods that attract the credit challenged clientele.
The Charlotte market continues to grow and people are relocating from all across the country. They are coming from Seattle, LA, Phoenix, Miami, New York, New Jersey and more. Our economy is thriving and there are new developments beginning on a regular basis.
I hope this information is helpful. I am not here to mislead anyone and that is why I share these basic real estate principles. Let me know how I can further assist. http://www.findmycarolinahome.com/.
Friday, June 22, 2007
Charlotte Area Schools and overcrowding
Many people are concerned about purchasing Charlotte NC Real Estate because of overcrowding schools. Yes, this is a rapidly growing area and with an increasing population, you will have more schools. As you stop to think about it, that is a good thing. I was raised in Pittsburgh PA and they close schools down in Pittsburgh because there are no longer enough students to support the schools. That is bad.
An expanding population is a good thing. Will my child be reassigned to a new school? That depends. If your child is already in school, then typically the child is accommodated to remain in the same school.
How do I know if the new school will meet my expectations? Are you interested in great sports programs for potential scholarships? High SAT scores? Uniformed schools? A progressive academic agenda? A conservative academic agenda?
Look closely at the area you are considering. Yes, we have a wide variety of schools in the area and different parents like different schools. That is the great thing about this country; freedom of choice. A good realtor can help you protect your home investment. No, we do not carry crystal balls but we live and breath the market trends. As the cost of land increases, so does the cost of the homes. As the cost of the homes increase, so does the demands.
Everyone can find their Charlotte Dream Home that meets all of their expectations. Share your expectations. Visit http://www.FindMyCarolinaHome for additional information.
An expanding population is a good thing. Will my child be reassigned to a new school? That depends. If your child is already in school, then typically the child is accommodated to remain in the same school.
How do I know if the new school will meet my expectations? Are you interested in great sports programs for potential scholarships? High SAT scores? Uniformed schools? A progressive academic agenda? A conservative academic agenda?
Look closely at the area you are considering. Yes, we have a wide variety of schools in the area and different parents like different schools. That is the great thing about this country; freedom of choice. A good realtor can help you protect your home investment. No, we do not carry crystal balls but we live and breath the market trends. As the cost of land increases, so does the cost of the homes. As the cost of the homes increase, so does the demands.
Everyone can find their Charlotte Dream Home that meets all of their expectations. Share your expectations. Visit http://www.FindMyCarolinaHome for additional information.
Waxhaw and Fort Mill Real Estate
What are people seeking as they relocate to Charlotte? Opportunity, privacy, lower taxes and more home for their money. Where can this be found?
Take a look at Waxhaw Real Estate and you will be pleased. Bridge Mill is the latest development under way and will have 2200 homes when complete. Yes, it will take a couple of years until completion but the value of your home will be worth it.
Lawson is another great development in Waxhaw. Lawson is a treed community with walking trails and a great pool and amenity center. Lawson has already sold many of its homes and is about to complete the inventory. There are additional phases planned but due to the strain on the utility systems, new permits are limited to current approved lots. It is likely that the new lots will not be released until 2009. Is this good or bad? If you already own a home is Lawson, this is great news. By the time the next phase opens, your home valued has already had great appreciation and the new prices will push the value higher.
The amenity center is just being constructed in Lawson. The pool will be complete by the end of this summer season. This is actually a positive thing because after the amenity center is complete, the value of your home will increase.
How about a home in Fort Mill? Fort Mill Real Estate continues to appreciate and the area is changing rapidly. Fox Ridge is well under way and the homes are fantastic. Fort Mill SC provides convenient access to Charlotte, great schools and lower taxes. The trailers are being removed and luxury homes are moving in.
Let's talk Real Estate!
Take a look at Waxhaw Real Estate and you will be pleased. Bridge Mill is the latest development under way and will have 2200 homes when complete. Yes, it will take a couple of years until completion but the value of your home will be worth it.
Lawson is another great development in Waxhaw. Lawson is a treed community with walking trails and a great pool and amenity center. Lawson has already sold many of its homes and is about to complete the inventory. There are additional phases planned but due to the strain on the utility systems, new permits are limited to current approved lots. It is likely that the new lots will not be released until 2009. Is this good or bad? If you already own a home is Lawson, this is great news. By the time the next phase opens, your home valued has already had great appreciation and the new prices will push the value higher.
The amenity center is just being constructed in Lawson. The pool will be complete by the end of this summer season. This is actually a positive thing because after the amenity center is complete, the value of your home will increase.
How about a home in Fort Mill? Fort Mill Real Estate continues to appreciate and the area is changing rapidly. Fox Ridge is well under way and the homes are fantastic. Fort Mill SC provides convenient access to Charlotte, great schools and lower taxes. The trailers are being removed and luxury homes are moving in.
Let's talk Real Estate!
Wednesday, June 06, 2007
Latest Charlotte Real Estate Trends
As Charlotte North Carolina Real Estate continues to expand, various trends come and go. Yes, investors would call these "hot spots". South Charlotte continues to sizzle. There are areas around South Charlotte Real Estate that are destined for great appreciation. How about condos? There are several areas where condos are hot. But be cautious; some of these hot areas are superficially hot due to investors dumping good money into areas without knowing. Yes, they know if many speculators/investors buy, the values will increase. The problem will be their tenants and he degradation to the neighborhoods that follows. In these areas, I recommend get in and get out approach to investing. Renters are all bad? No, of course not. Are many bad? Yes. Charlotte is an area where the vast majority of people can earn a decent living and be able to buy a home. Many renters do not have pride in their home or their neighborhoods and it shows.
Let me know how I can assist you find a great place to call home. Visit http://www.findmycarolinahome.com for additional information and assistance.
Let me know how I can assist you find a great place to call home. Visit http://www.findmycarolinahome.com for additional information and assistance.
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