The time has never been better to take advantage of the many Charlotte real estate investment opportunities. According to FinestExpert.com, Charlotte is a Top 10 Market for Real Estate Investments.
The FinestExpert data would confirm that Charlotte is an ideal buy-and-hold real estate market. For the first-time homebuyer, a property could be found for less than it would cost to rent if the cash flow is right. For the investor, a strong buy-and-hold market could be an ideal starter property.
But before moving to invest in this undervalued market, make sure you understand the basics of a real estate short sale, and then get the help of a licensed Realtor in the Charlotte area.
Essentially, a short sale involves purchasing a home for a sum that is less than the amount owed on the home. Why would someone want to sell a home for less than what is owed? The reasons are sound.
A bank may be able to save a lot of money by letting a house go in a well structured short sale. If the property ends up on the court house steps, they could lose much more. That does not count the costs of staff, legal work, etc. The trick is being able to do two things well: 1) negotiate a good price for both parties involved in the deal, and 2) be able to keep the paperwork moving through the bank in a speedy manner.
This is where a licensed Realtor can help. A qualified Realtor can help you navigate the waters quickly and easily, and make a challenging process seamless. A realtor can also save you money. A well negotiated short sale can allow you more money to put into improvements, especially those qualifying for tax credits under the economic stimulus plan for 2010.
This is a great time to find Charlotte real estate investment opportunities, whether you are a soon-to-be home owner or an investor looking for properties to add real estate to an investment portfolio.