Do not assume that you will get a better deal because you are a cash buyer. Unless the Seller finances the deal, all deals come to the settlement table with cash. Also, foreclosures, and short sales, generally are already at below market values. And don't be afraid to look at non-foreclosure listings; they too can result in a good deal for a Buyer.

Hey Moose,
You may have already found the house that you want. But if not, then I think that you are taking your time making the right decision. The truth of all of this short sale, foreclosure, distressed sale stuff is that the math has to be right for all parties. Due diligence applies to distressed sales more than normal market properties. I would be happy to go to work for you. I have been a realtor for 14 years with the Allen Tate Company. Charlotte Magazine has listed me 3 consecutive years as in the top 7% of customer satisfaction for Charlotte area realtors.
Robin 704-564-5607

Opportunities are there, certainly. I am currently working a short sale in Myers Park. I am very familiar with the process. Visit my website and read my testimonials at http://www.HilaryBroadway.com. It would be my pleasure to assist you.

Hello Moose:

What is your price range? Myers Park, Eastover, and Cotswold all have wonderful bargins available now. How large a large house? 3000 sq ft? Some are as large as 5000 sq ft.

I would encourgae you to use someone familiar with the neighborhoods and be careful of the flood plain.

I will be happy to assist you if you would like. I own and sell in the area.

Best Regards,
Judy

I would check out some new construction in the Meyers park area. The builders are sucking wind these days and there are a lot of good deals out there. As they say, don't buy depressed property, buy from depressed owners.

On the following site, you can also get an additional 1% cash back on your new home purchase.

We used Helen Adams Realty--Debe Maxwell--to help us find our new home. She was aggressive and forthcoming in getting the foreclosure property that we wanted. She is the most knowledgeable and dependable agent we have ever worked with to buy a home. She came highly recommended to us and proved to be all they said she would be. Good luck.

M,
Sounds like you have an investment buyer strategy similar to mine. We work short sales almost exclusively and have a some deals coming up in that area. Feel free to give me a shout if your focus is on investment. Take care,
Mike Moulton
http://www.BigBankDiscounts.com

Moose, send me an email and let me know in more detail just what you are looking for.
What are the numbers you want to work with. Are there any particulars you desire.
will@dynamic-propertysolutions.com.

Hi Moose!

I was out with buyers in that area just this afternoon! I understand exactly what you are looking for--a foreclosure and preferably one that has not yet made it to MLS. I have an attorney that has instructed my partner and I in the use of specialty software to locate those properties for our investors and our buyers who are looking for exactly what you're looking for. If you choose to phone me, that would be great but, if not, let me give you a couple of foreclosure-searching pointers!

1. Do not limit yourself to one specific elementary school zone--high school is fine but, elementary zones are much smaller and finding a pre-foreclosure or one that has JUST been auctioned in a particular elementary school zone that fits YOUR exact needs, is like finding a needle in a haystack! I recently had a buyer who needed a second living quarter and ONE specific elementary school requirement--the task was next to impossible!
2. When you're looking for a great deal, you can't expect to locate THE perfect property that fits each and every one of your needs/wants! Your criteria has to be a little less stringent--if you prefer a specific color of cabinets or countertops, these are inexpensive changes compared to the aggressive price that you will get on a foreclosure property.
3. Search only up to the amount that you're willing to spend--with these properties, multiple offers (believe it or not) are the case in many situations and if you can't (or won't) compete, you won't win any bids.
4. When your agent lets you know that you need to offer $ X amount, go with it (if you have the confidence in your agent that you should)! I recently had a client miss their absolute DREAM home ($1M price range) over $25K! They looked at homes with list prices far above the amount that they were willing to spend, then when they found their dream home, they were faced with competing with multiple offers when they decided to make their offer. They lost to a higher bidder--despite my advice, even when given the option to go with highest and best from the sellers! They needed to go to just above the winning bidder's price--which by-the-way was a HECK of a deal! The property will be worth FAR more than they would have paid & they would have had instant equity!
5. If you're looking for a short sale property--a completely different kind of bid and process will be followed--be sure that your agent is familiar with that process. Again, it's not like a foreclosure AT ALL!

I didn't mean to write a book but, am currently working with several clients that are looking for exactly what you're looking for in different areas of the city and in different price ranges! My office is in the Myers Park area so, I know that area quite well and would enjoy assisting you in your home search. Let me know if I can help!

Debe
Debe Maxwell, REALTOR/Broker
Debe@DebeMaxwell.com
704.491.3310

Good evening, Moose!

I would love the opportunity to meet with you to discuss your needs/wants in a home. My firm, HM Properties, specializes in Myers Park, Eastover and SouthPark. I am very familiar with these areas, listings and the reality of our market. It is a fabulous time to be a Buyer and if you are a cash Buyer then you are definitely in the driver's seat.

You stand correct, very few high-end homes have sold in Myers Park but homes are selling. There have been some distressed sales in this area (REO, short sales, etc.) I do have some Lender relationships and have access to some REO's. Again, would love the opportunity to work with you and I am definitely aggressive!

Please feel free to check out our website. I think you will see that we have a strong presence in the areas you are looking at.

I look forward to hearing from you,
Debra M. Buck
HM Properties
704.421.2107 Cell
debra@hmproperties.com

Moose,

Wow I am surprised that there are not 500 replies on here with the question that you asked, maybe everyone that sells real estate in Charlotte, except for Lynn, is watching football today or something. Obviously you are in a great position not only as a cash buyer but certainly as far as looking at a price range that is very sluggish everywhere in the country. Certainly you are in an extremely positive negotiating situation with the cash purchase and lots of homes in the areas you would be looking at are already slashing prices in order to try to sell. I woudl be more than happy to chat with you about what you are looking for and also to search for you and send you information on homes in the Myers Park area for you to view, most are going to have multiple pictures as well as virtual tours so you can have a great idea of what is out there without having to go out and drive around and search and of course if you would like to go see some I would be more than happy to do that as well.

When you have can find a time that is convenient for you feel free to give me a call or email me and we can chat further about what your needs are and how I can help you.

I will look forward to hearing from you and helping you in any way that I can!

Thanks so much,

Chris Hedrick
Carolina's Choice, Realtors
704 965 7915
chris@MyCharlotteRealEstateBroker.com

Our office is located next to Myers Park and this is one of the neighborhoods we specialize in at Savvy + Co. Real Estate. I can help you find a great deal. You are correct, Myers Park has been sluggish in sales and there are some motivated sellers as well as distressed properties.

Call me at 704-756-7005 and we can discuss the possibilities!