Tuesday, July 11, 2017 / by Princess Zarah Corpuz
National Real Estate Experts Recommend Buying Your Charlotte Home Now
Across the U.S., the real estate market is flourishing as more and more millennials become first-time homeowners and move-up buyers. And since they flock to where the economy is thriving, that’s why the top 25 cities where they are moving include Charlotte, which is ranked 18th according to the Urban Land Institute. But that’s not all. Homes in the region make it a “hot” market right now, for everyone, and not just millennials.
Here’s what the experts have to say about real estate in the Queen City:
Homes are in such high demand that not only are they selling much faster than they usually do – at less than 100 days from listing to closing – but there are fewer homes from which to choose, increasing bidding wars and the prices as a result. Therefore, Charlotte remains a seller’s market, where homeowners are able to earn as much as 98.8! ...
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Thursday, July 6, 2017 / by Princess Zarah Corpuz
Why Charlotte Isn't in a Housing Bubble
Across the U.S., the demand for more housing options has been prevalent in the most sought-after cities, with Charlotte, NC being one of them because of its location in the Southeast being such an affordable region in which to live. Despite the speculation in the real market with low inventory and high demand for homes, Charlotte is not experiencing a housing bubble.
Here are 3 reasons why potential homebuyers can remain confident in what Charlotte real estate has to offer:
1. Standards for obtaining a mortgage have since changed from what they were in 2007.
Back when the nation-wide housing bubble existed, lenders’ standards were much too lenient in who they allowed to obtain mortgages. There were people who were not qualified to purchase a home but were given the ability to anyway.
As a result, prices soared, as did the demand, and markets tended to overproduce so that two problems quickly escalated: ! ...
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Friday, June 30, 2017 / by Princess Zarah Corpuz
Your Rent Could Be More Than A Mortgage Payment
In the U.S., rent costs have been rising to the point where they are now close to 50% more than what the average cost of buying a home would be if renters maintained the same housing expenses. Around the country, Zillow reports that renters typically pay around $1,416 per month, which equates with the same monthly expenses needed to maintain a $289,505 home, while the average U.S. single-family home is valued even lower at only $196,500. It’s no wonder that rent is considered to be more expensive than owning your own home!
With threats to housing affordability affecting each state, renters in some locations must pay as much as half of their income because of the real estate market in their area. Despite it being cheaper to pay a mortgage on a monthly basis, many renters still hold back from becoming homeowners because they can’t afford to make a down payment on a home.
However, it is important to note that! ...
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Wednesday, June 21, 2017 / by Princess Zarah Corpuz
First-Time Homebuyer Tips for Charlotte, NC
More and more millennials in Charlotte are starting to become first-time home-buyers, rather than waiting for a better time into the future. What they don’t always realize – and are pleasantly surprised by once they do – is that buying a Charlotte home is within their reach. The median price for a Charlotte home is at $134,000, which equates to a monthly mortgage that can actually be cheaper than renting!
With so many listings to be found in all of Charlotte’s top neighborhoods and suburbs, first-time buyers can benefit from these 5 tips for greatest success when buying a Charlotte home:
1. Get pre-approved for a home loan.
It’s a time-saving step that will let you know what you can afford so you can be sure to look at Charlotte homes for sale within your budget.
2. Enlist the help of a real estate agent.
Having a professional will be to your advantage when looking at hom. ...
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Friday, June 9, 2017 / by Princess Zarah Corpuz
Why People Move to Charlotte
As a popular city, Charlotte, NC is a place where the economy and cost-of-living keep the population growing. And with a comfortable climate, and lots of recreational activities for all ages, it makes a good prospect for families as well as singles who may be interested in relocating to the Queen City due to employment, school, or retirement. And in 2017, Charlotte has been ranked one of the most affordable places to live in the U.S.
Why People are Moving to and from Charlotte
The Queen City is most often attractive to outside shoppers who live in other North Carolina locations like Greensboro, Raleigh, Wilmington, Columbia, Greenville, but also cities from other states of Greenville, SC, Bluefield, WV, and the Tri-Cities in TN of Kingsport, Johnson City, and Bristol, as well as Nashville, TN. Charlotte was also recently ranked by Zillow as one of the cities where locals are also leaving.
To understand why more locals. ...
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