Many First Time Home Buyers in Charlotte would love to find a great deal in Charlotte Foreclosures. There are a wide variety of deals within the Charlotte Real Estate Market. Foreclosures will continue for a long while but the lenders are stalling the foreclosure process. There are many short sales currently on the market which are pre foreclosures. These foreclosure homes are delayed from foreclosure and the lenders are slowly processing short sales. There are great deals in short sales if you can wait for an average of 6 months to purchase your home.
Charlotte Short Sales also have other considerations. The list price selected is selected merely to get an offer. This is not necessarily a price the lender will accept. The lender is not able to share its bottom line so you may wait for 4 months and then be rejected. You have then spent 6 months awaiting to purchase this home and then be told "no". Six months of your life is a long time to place on hold awaiting a decision.
I suggest purchasing a foreclosure or a resale home. The foreclosure market has suppressed any appreciation over the past several years so you can still purchase a home, have a low interest rate and get the exact home you were hoping to find. Surprisingly, my builders, (the ones that survived) have reworked their efficiencies and are also offering competitive deals.
As you are seeking that ideal home, consider all options to assure you do not miss your ideal Charlotte NC Home. Call me today to find that perfect home for you and your family. The perfect home is essential especially if you are relocating from out of state.