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 [...]
2011 was a mixed bag for the Charlotte real estate market. The first six months of the year were dominated by headlines showcasing HUGE home price and sale declines year-over-year (the same period in 2010 had a government tax incentive which propelled than cratered sales) but then sales flattened. What’s taken over is this “new [...]
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 [...]
As I move about town, I always notice out of state tags license plates. Some could be rental cars but others are folks that are considering or have recently called the Carolinas home. The most predominant place I’ve noticed in the last year are from Maryland (former home of Jonathan Osman and Amanda Cox) followed [...]
Our friend, Scott Lewis, of the Bald Man Group – Keller Williams Realty in Coue d’Alene Idaho shared this amazing video he produced regarding downsizing this current housing market. Most people believe that in a down market, you should buy a larger house to maximize the savings. Scott’s perspective: downsize into a smaller home, pay [...]
Last February, Squirrel Lake Park was closed for renovations which lasted throughout the entire summer and are nearly complete. Squirrel Lake Park, located on Pleasant Plains Road in Matthews, featured an aged playground, fishing pond, a disc golf course, and a few shelters. The bathrooms consisted of a single porta-john which was fairly nasty. That [...]
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 [...]
Sales of homes in Union county rose 19.7% during October to 182 homes sold. That’s 2,189 homes closed over the last 12 months in Union County. Pending sales (homes receiving a contract) were also up 37.6% year-over-year in October with 172 homes receiving a contract. Of the 182 homes that closed in October, only 28 [...]
In the early to mid 2000′s, many remarked that Charlotte’s official symbol was the construction crane. For the better part of the decade, so many flocked to the Charlotte area that you could fill Bank of America stadium seven times over. With so many demanding housing, the building industry employed thousands with well-paying jobs. Those [...]
There has been very little to be positive about concerning real estate. Well, that’s not entirely true. There has been a lot to be positive about BUT that’s not what makes the headlines. Hopefully, some good news on the Charlotte housing front will grace the headlines. Charlotte – Mecklenburg Sales of new and existing homes [...]
The FHA along with the GSE’s (Freddie Mac and Fannie Mae) are decreasing their maximum loan limits for just about every MSA in North and South Carolina. As of today, you can obtain an FHA mortgage up to $303,750 in Mecklenburg, Union, Gaston, Iredell, and Cabarrus Counties in North Carolina and York and Lancaster in [...]
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, [...]
In April sales of homes in Indian Trail fell 17% when compared to sales the year prior and it was expected for sales to have fallen by double digits again in May. Thankfully, that didn’t happen. 41 homes closed throughout May 2011 in Indian Trail, the same amount the closed the year prior and a [...]
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 [...]
As anticipated, Charlotte area home sales fell compared to the year prior by 19% in May. It was expected based on the profound impact the First Time Home Buyer Tax Credit had on sales during the first half of 2010. To take advantage, one of the requirements was a contract deadline of April 30, 2010 [...]
So here’s the background: Last year, first time home buyers and move-up buyers were incentivised by the IRS to purchase a home to the tune of $6,500 or $8,000 depending on their situation. The deadline for contracts was April 30, 2010, which lead to a fantastic spring and first part of summer in the Charlotte [...]
No, you’re not reading a headline out of The Onion and I haven’t turned my blog over to the positive-no-matter-what real estate crowd. However, when a trend begins to emerge, it’s important to point it out whether it’s positive or negative. Thankfully, this time it’s positive and its of all places: Uptown Charlotte and the [...]
In 2010, home buyers flooded the real estate market throughout the Charlotte area ("flooded" used loosely mind you) to take advantage of the home buyer tax credit that was set to expire at the end of June. As a result, sales in the first half of the year were setting records over 2009 and 2008 [...]
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 [...]
Charlotte - Southpark
2115 Rexford Road
Suite 102
Charlotte, NC 28211
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