Charlotte Real Estate Updates - Charlotte Homes

There remains a lot of confusion about various terms such as HUD Homes, Foreclosure Homes, REO Homes and Bank Owned Homes.  What is the difference?  Is there a difference?  Yes and no. A foreclosure is technically the procedure the bank/mortgage company takes possession of a debt that is not getting paid.  You do not pay ...

Charlotte Foreclosure Homes continue to be a hot commodity!  The greater Charlotte Real Estate Market continues to sell, albeit more slowly than 2007.  For example, over 1500 single family homes sold in the greater Charlotte region in August.  Of those homes that closed, 1/3 were foreclosures and distressed sales!  This ...

Charlotte Foreclosures continue to trickle in and remain a great deal.  The Charlotte Real Estate Foreclosure market is continuing to change.  Foreclosures have historically been homes that were poorly maintained and in disrepair.  In addition, many of the foreclosure homes were vandalized by the angry owners.  Much of this has ...

Charlotte Real Estate continues to sell and as our market evolves, our home opportunities are evolving with it.  I have recently found inventory homes in new construction communities are very competitively pried.  I actually sold an inventory home this week that priced lower than the foreclosure in the same ...

The Charlotte Foreclosure Real Estate market continues to sell at an unbelievable pace.  It is incredible to see the level of Charlotte Home Buying activity in this sector.  When a Charlotte Foreclosure is active on the Charlotte MLS, there are typically multiple offers within the first week.  Naturally there are variables that ...

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 ...

Everyone continues looking for a great deal when buying a home.  Nationally, the best deals are in one of two spots; in either overheated over priced) markets or extremely depressed markets.  You can get deep discounts in Phoenix, Vegas or Florida on one extreme and great deals in places like Detroit.  The super inflated markets ...

Every city/place/neighborhood is different.  The media speaks of the rampant foreclosures across America but breaking it down by an area reveals the best opportunities.  The Charlotte market has two areas that present the best discounts- homes that sold for over $600,000 and homes that were a creation of the sub prime ...

The Charlotte Real Estate market continues to move homes but the vast majority of the sales are distressed homes.  This includes Charlotte Foreclosures and Charlotte Short Sales.  Others are selling but not in comparison to the activity on the foreclosures.  Everyone is looking for a deal.  Who can blame them? There are ...

Short Sales are the latest "hot" category for Charlotte Real Estate home buyers.  A Charlotte Short Sale is when the home is worth less than is owed on the home.  That is not difficult with the recent lending practices that were dictated by our favorite uncle (Uncle Sam).  Many people have purchased Charlotte homes with no ...