Charlotte NC Homes For Sale, Condos For Sale, Luxury Homes, Foreclosures
Jonathan Osman, REALTOR® Keller Williams Realty
Atleast once a week, I get an email that sounds something like “I have bad credit and I want to buy a house” or “…I want to lease-to-own” or my favorite “I have bad credit and I want to buy a bank owned property.” It wasn’t that long ago that you could purchase a house [...]
The Zillow Zestimate has been a tool for homebuyers and sellers for years now to get an idea of what their home might be worth. For real estate professionals, nothing has caused more heartache and distress than the Zillow Zestimate as it can sometimes lead to unreasonably high or low values which some buyers and [...]
On December 2, HUD announced that FHA mortgage limits nationally have been restored to the pre-October 1, 2011 limits. For the Charlotte-Gastonia-Concord, NC-SC MSA (which includes the counties of Anson, Cabarrus, Gaston, Mecklenburg, Union, York (SC), this means that borrowers can once again obtain a FHA mortgage up $303,750 for a 1-unit, $388,850 for a [...]
Great News for bargain hunting home buyers looking for a home as both Freddie Mac and Fannie Mae have reinstated incentives to help sell some of their 220,000 homes (nationally) in inventory. Here are the incentives: Fannie Mae – HomePath Buyer Incentive: Eligible for owner-occupant primary residences only Offer must be submitted after June 14, [...]
A few months back, I researched whether or not it was cheaper to rent or to purchase a home in North Charlotte’s University Area (28269) and the results surprised me. While not giving preference to short sale / pre-foreclosures or bank owned sales, it was significantly cheaper to purchase than to rent a home in [...]
In 2006, there were thousands of mortgage programs available to consumers as a means selling more homes. In the following years, most of those programs were eliminated as the mortgage market tighened. One program that still remains with some major lenders is a Doctor Loan Program. While this mortgage product varies from lender to [...]
Most of the buyers that call our team start out looking for a foreclosed home but are turned off by the condition they find many of these homes in. Consider that if the former owner stopped making payments two years ago, a year or two before that they most likely stopped making improvement and general [...]
Last month, Trulia.com reported that Charlotte was one of the cities where it is actually cheaper to buy rather than rent a house. Since I am naturally skeptical, I have decided to take the challenge to explore if it actually cheaper than rent than purchase in Charlotte. For this, I will be considering sales and [...]
If your plans include purchasing a home this spring or summer and you are buying with a FHA mortgage, you would be wise to purchase before April 18, 2011. Hot off the presses, the FHA is increasing the annual mortgage insurance premium on their loans by another 1/4 point. According to the FHA, this [...]
Q. In your previous response to my question, you mentioned Earnest Money. What is Earnest Money? Is it required? Is it non-refundable like Due Diligence Money? LQ A. For residential real estate sales in North Carolina and South Carolina, Earnest money is a refundable deposit, typically collected at the time of Contract, that is credited [...]
This week, real estate tax revaluation notices started landing in the mailboxes of Mecklenburgcounty real estate owners. Condo owners will get their notices in March 2011. Some homeowners are angry by the value placed by the county while the vast majority of property owners are confused. Here's a quick Q&A of the most frequently asked questions [...]
Q. I am searching online to find a home and it is very confusing. Some websites contain more information than others. What's the deal? Where can I find homes for sale in the Charlotte area? A. This is a very common question for any home buyer. Searching for a home online can be confusing until [...]
I HATE fax machines. Standing and waiting for the pages to go through one by one only to look like a garbled mess on the other side. It only takes two passes through that wretched machine to make any document not legible. via www.whykellernow.com Keller Williams Realty is the first major real estate firm in [...]
Utilized by the majority of first time home buyers, a FHA mortgage is a loan backed by HUD (Housing and Urban Development). Offered by most lenders, FHA loans allow first time home buyers the ability to purchase with a minimum down payment, modest credit scores, and with Mortgage Insurance that is still affordable. Borrowers with [...]
On January 1, 2011, a new Offer to Purchase and Contract debuts and will be the basis for nearly all residential resale purchases in the state of North Carolina. It is vastly different from it predecessor, which was written to benefit the buyer rather than the seller. Here are the highlights: via www.charlotterealestateupdate.com The standard [...]
The Mecklenburg County Tax Assessor's office is set to release it's reassessed real estate tax value for every home in Mecklenburg County starting this month. Tax values were last set in 2003 in Mecklenburg and were delayed several times by the county commissioners "due to the economy." Now, with the county in financial crisis, there's [...]
Starting January 1, residential real estate sellers will have a new Offer to Purchase and Contract form that they need to understand and plan for. I recently posted a overview of the highlights in a post directed at home buyers, which is applicable to sellers as well. For those looking to sell their home [...]
As a logged in to Trulia.com today to update a few of my listings, I discovered that the back office looked a bit different. Along with the new layout was a button "MORE OPTIONS" which always peeks my curiosity. Inside the More Options button was "GENERATE QR CODE" another new feature that I had to [...]
In the latest compilation of data from the CMLS, the 3rd Quarter of 2010 posted the second highest average home sale prices over a seven year period for Mecklenburg county. Ending last month, sales from July 1 – September 30 had an average sales price of $242,104 – second only to 2007 when the average [...]
Believe it or not, there's nothing in the standard real estate contract in North and South Carolina that says that light bulbs must remain in the house. The light fixtures themselves – yes but not the bulbs. Only in the most rare of circumstances (very angry seller) would someone remove every bulb from the property [...]
In the market to buy a home in the next couple of weeks? You may want to consider speeding up that purchase because as of October 4, 2010, the following changes may put a crimp in your plans: Up Front Mortgage Insurance Premium UFMIP Decreasing This is the only good news that occurs to borrowers [...]
Charlotte - Southpark
2115 Rexford Road
Suite 102
Charlotte, NC 28211
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