Two years ago, my team and I jumped into the short sale market in Charlotte. At that time, there were only a handful of agents even doing short sales and no one really knew how much of our market consisted of these types of properties. Fast-forward to today and short sales now account for twenty [...]
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Buying a Short Sale Property? Five Tips You Need To Know Before Making an Offer
Filed Under: Buying Distressed Homes Tagged With: buying a short sale home, first time home buyer
5 Tips You Should Know Before Making an Offer on a Short Sale Home
This week, Kristin Ayers – our group’s transaction manager – forwarded me an article that cited a number of reasons why a buyer should avoid purchasing a short sale or pre-foreclosure property. Of the 11 reasons they provided to avoid short sales, 10 were inaccurate. Therefore, as someone who lists and sells a number of [...]
Filed Under: Buying Distressed Homes Tagged With: buying a short sale, short sale real estate
As Interest Rates Decrease, Home Affordability Increases
One of the most statements that we hear from buyers is that they're attempting to time the market and will purchase when prices hit rock bottom. This is a great idea for those not financing their next home since they can jump in and buy at any time. However for the vast majority of buyers [...]
Filed Under: Buying Distressed Homes Tagged With: first time home buyers, home affordability, rent vs buy
