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Charlotte NC Homes For Sale - Charlotte Real Estate Market

Discover the greater Charlotte Real Estate Market and consider the factors that impact the value of your home. Learn about Charlotte Suburbs, Charlotte Land values, Charlotte Foreclosures and much more.

Charlotte Foreclosures and the Charlotte Real Estate Market

Charlotte Foreclosures are still in great demand.  Everyone wants a deal and who can blame them.  The challenge is that many are not familiar with the Charlotte Real Estate market.

Homes in Charlotte neighborhoods that are popular have minimal discounts.  A 10-20% discount on a home that needs work sells quickly.  There are other areas in Charlotte that were being developed in the midst of what created this financial melt down.  Loans were made to millions with poor credit and really could not afford the loans.  In addition, "investors" capitalized on these loans.  These people largely gravitated to "starter home" neighborhoods,

A "starter neighborhood" consisted of the lowest priced homes in a given area.  The homes were modest.  Many "investors" purchased homes in these neighborhoods.  Renters do not care for homes like a home owner and many of the neighborhoods rapidly deteriorated (depreciated).  These neighborhoods offer discounts but it will take a period of time until home owners re-seize their neighborhoods.

Contact me for a custom home search.  Decide what area you would like. I will also share recent sales so you can realistically know if you can get the home at a price you desire.  Many have unrealistic expectations.  This is Charlotte and still a very popular place to live so there is demand from all across the nation for our homes.  This also keeps our Charlotte Home prices more stable.  If you are an investor, there are great deals in places where the prices were super inflated like Florida, Phoenix and Vegas.  You can get home at deep discounts there.  Charlotte is a more stable market for people interested in Charlotte Homes to raise their families.

Published Friday, November 27, 2009 8:22 AM by Rick Waite

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