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General Area in Charlotte : Real Estate Advice

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  • Local Info286
  • Home Buying754
  • Home Selling85
  • Market Conditions59

Activity 164
Sat Nov 18, 2017
Jen C. asked:
We are relocating and interested in finding out more about Mint Hill and Matthews. Is one considered more liberal or conservative than the other?
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Tue Oct 24, 2017
Scott Godzyk answered:
You need to go out and meet local agents, show them what you can do, cost and the value you provide. People want to see who they are hiring.
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Mon Aug 21, 2017
Anovohatski1 asked:
looking to purchase a property a few blocks away from North Amity crossing. Based on initial research, it appears that the trains pass about 10 times a day. How loud are they? Will it make…
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Sun Jul 9, 2017
Kathy Burgreen answered:
Will both of you have jobs in Charlotte? You need to know that lenders will not give you a mortgage loan unless you have a source of income or job. Lenders need proof that you have the ability to pay the loan on time every month. If you are paying 100% cash for your new home - no problem. If you are self employed, lenders require 2 years employment before giving you a loan. If you receive a W2 (salaried employees), lenders just need 1 month of pay stubs before giving you a loan.

As for buying a new construction home, you need to bring your own realtor with you on your very first visit. If you don't, the builder will not pay your agent's commission fee and instead you will need to pay your agent's commission fee. Having your own realtor means he/she has the experience and knowledge to negotiate for you for specific things that will benefit you. Example: getting upgrades for free or at a discounted price.

BEFORE you sign the builder's contract, ask if you can take it to your attorney for review. Builders hate this and will do whatever it takes (including lying to you) so that you sign the contract at the builder's site with no attorney review. You need to know that the builder's contract is written by lawyers with terms that benefit them. Builders do not use the standard state contract that realtors use. Briefly, the contract states that if anything goes wrong with the construction, it's not the builder's fault and instead it's your responsibility. The builder will fix any repairs BUT you will need to pay extra for it. To repeat - you need to read those contracts very carefully.

NEVER use the builder's lender - they are typically rip offs. These lenders will "SEEM" to offer you incentives (assist you with closing costs, etc.) BUT they hide it by charging you a higher interest rate, additional fees or higher dollar amounts for those fees, terms that benefit the lender - not you, etc. Find and use your own lender. You can always compare your lender with the builder's lender for interest rates, fees, terms, etc. I will guarantee your lender will beat the builder's lender 100%.

Don't expect to negotiate the asking price on a new construction. Builders never negotiate on the price. Instead you need to negotiate on upgrades, contract terms, if anything goes wrong during construction, have the builder pay for it, etc.

You will pay a higher price for a new construction vs. an older home being sold by an individual seller. It takes about 5 years for your new construction home to start building equity. The reason is, as soon as you move into your new built home, it's not considered "new" anymore and it does depreciate. Meaning if you need to sell within the first 3 - 5 years, you will lose money because your "new" home will be compared to older homes in the neighborhood and those homes are priced lower. It's the same principle as driving a new car off the dealer's lot. The minute it hits the street, it's not a new car. This is why it's critical that if you buy a new home, you need to live in it for at least 5 years so you can build equity.

Good Luck
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Thu Oct 6, 2016
Qulia Bryant answered:
Hi there, it looks like your answer went unnoticed here. Are you still interested in a low crime area within 40 minutes of the city that has great schools? if so, I'd be glad to send you a few listings in areas that I'd recommend. Please feel free to contact me at anytime and let me know how I can assist. Thank you, Qulia Bryant ... more
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Wed Aug 24, 2016
Invstnlfp answered:
I am state and federally licensed to write mortgages in 31 states for a top direct lender in the mortgage industry who offers conventional, FHA, VA, and USDA loans. We keep your info private not broker it out and we go down to a 550 credit score for VA and FHA loans.. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
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Mon Jun 20, 2016
Crystal asked:
It's been over a decade since I lived in Charlotte and I'm trying to recall a specific neighborhood. I'm looking for an area south I stopped once but I can't recall what area I was in.…
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Thu Jun 9, 2016
Crystal asked:
I have 3 girls all school age, would like a family friendly neighborhood, environment. Good school system. I'm big on scenic neighborhoods (trees, sidewalks, great architectural design.…
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Tue Apr 26, 2016
Beverly Turner asked:
Tue Feb 9, 2016
Qulia Bryant answered:
Hello, there are a few schools that offer inclusion programs in the Charlotte area. It would depend on what grade level your child is in as to what school he attends. You can check out for more information on the schools and programs offered in the Charlotte area. One school that comes to mind is Beverly Woods Elementary.
Hopefully this helps you find a great match for your child. If you have any other questions during your transition to the Charlotte area feel free to contact me. I am a Charlotte native but if I don't have the answers Im sure I can find them for you!

Qulia Bryant
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Sat Oct 10, 2015
eden_tedla75 asked:
Tue Aug 11, 2015
Zainabgumaneh answered:
no one will never want to rent a school we have the bestest school ever.
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Tue Aug 11, 2015
Zainabgumaneh asked:
Tue Jul 28, 2015
Contact asked:
Hey everyone, I'm looking for agents that do investment SFR purchases with. I do rehabs as well as some rentals.
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Tue Jun 30, 2015
MegSM answered: is an ideal solution for independent rental owners. There are no sign-up fees, paperwork or site inspections required. Report quality is excellent and the tenant screening reports have a unique "portablitly" feature where applicants only pay one screening fee and can share their report with multiple landlords at on additional cost.

Reports include:
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Mon Mar 2, 2015
Ryan Harlan-Expert Broker answered:
Please contact me below and I will provide you a detailed list and also we can review some great programs for down payment assistance so you can keep more money in your pocket. My preferred lender can get buyers pre approved starting w/ 580 credit scores. Feel free to contact me anytime at 704/608.4767 C/T or ... more
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