More and more people are considering Charlotte Foreclosures and do not know where to begin. The first place to begin is by speaking to a lender. See how much money you can get and under what conditions. Will it be your primary residence, a 2nd home or an investment home?
If you require financing, is the home habitable? Many foreclosures are damaged and will not qualify for a standard loan. Many investment loans require a 25% down payment. Bank Owned Homes will have an addendum that supersedes the standard Offer to Purchase. You are not only purchasing a home "As Is", you also pay the transfer taxes and often must pay to have the utilities turned on for inspections.
Speak to a lender today to see "If" a foreclosure is an option for you. Give me a call and I will help you figure out the best plan and we will find a great home at a great price! Visit Charlotte Real Estate and learn more about the greater Charlotte real estate market.
