The pressure for Charlotte Area Foreclosures heats up with each new bank owned home that comes on the market! For example, there was a foreclosure in Providence Downs last week. There were 50 showings within the first 4 days and multiple contracts received! At the time of offering, the buyer had to have all documentation on hand and ready to move! This included verification of down payment, an updated pre-approval and able to make a quick decision!
More and more of the Charlotte Area Luxury Homes that go into foreclosure are experiencing HUGE demand. Consider that more than 50 people are interested in this market and considering a purchase. The vast majority are ready to buy if the deal is right!
What does this mean to you? This shows that with this type of demand buyers are grabbing great deals. Foreclosures are frequently selling above list price. Keep in mind the vast majority of Charlotte Area Foreclosures are already discounted and based on the example shared above, our market is ready to thrive!
One great foreclosure that is waiting is a one story home in the community of Cureton. Cureton is in Waxhaw and located just off of hwy 16. Cureton has an amazing amenity center, exercise facility, multiple swimming pools and much more! This home sold for $163,000 new in 2007. It is now listed at $179,900!
I will keep an update on various great foreclosure deals. The time is now to buy a great Charlotte area home! It is only a matter of time until all of the current homes are purchased. Many people across the nation are still relocating to the greater Charlotte area and new homes will be built in our market. Buy your home now well below what it will cost to build this home new in a few years. A wise person knows that the economy will recover and you will be comfortably sitting in your home with a comfortable mortgage and loving life!