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Market Conditions in Charlotte : Real Estate Advice

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  • Home Buying745
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Activity 125
Thu Jan 17, 2013
Daniel Fisher answered:
Good morning, WTerry:
Days on market is affected by Price, Condition and Location. If you are underpriced to the market by 5% or so, you can often get a sale within 30 days. This is the strategy used by asset disposition mangers to sell foreclosed properties. So if properties with the same number of floors and square footage and condition as yours are selling at $170,000, you should expect to sell fairly quickly at $160,000. If in doubt about the value of your property, you should hire an appraiser. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click. ... more
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Mon Dec 31, 2012
Daniel Fisher answered:
Good afteroon, Rafi.
There are 15 homes, and 18 townhomes in these areas currently for sale under $50k. http://goo.gl/U77T3 This price range is very competitive with multiple offers and over listing price sales common. Some are restricted to owner occupants only. I can update you on this list anytime if you contact through profile. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click. ... more
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Thu Nov 29, 2012
Daniel Fisher answered:
Good afternoon, DoodleSmiith.
The Mecklenburg County register of deeds will have this information. Individuals can search these for themselves in the Mecklenburg County register of deeds office, or you can pay an attorney or title search company $75 to $150 to search it for you. If you appreciate an answer, please give thumbs up. For the most helpful answer, please say thanks with a best answer click. ... more
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Thu Sep 13, 2012
Daniel Fisher answered:
Good morning, JonnyJessi:
There is information on the Trulia Blog How to Choose a Neighborhood - Specific Area (link below). There is a crime map, but the info is not finely divided. It could be a barking dog or a serious crime, and it could be next door or in the subdivision on the other side of the highway. You can also call Charlotte police non-emergency line and ask to speak with the officer who patrols this address. They will generally tell you what kind of place it is.

For many buyers and renters, which school attendance zone the home is within is very important. If you have a specific Mecklenburg County address and want to know which public school children living there will attend, there is a handy Mecklenburg County School Lookup site in the Trulia Blog "Which areas surrounding Charlotte would be a nice place to relocate?" http://goo.gl/V8aOK If you have school age children, I suggest that you check addresses against this link and determine if the school is going to serve your childrens educational needs.

Taxes vary by about $400 per $100,000 throughout the Charlotte region, so taxes in the area with the lowest property taxes are about $40 a month different than the area with the highest property taxes. Areas with higher taxes may offer different services -like police instead of sheriff, professional firefighters instead of volunteer departments, public water and sewer instead of well and septic. Not that one is better than another, just different and carrying different costs. If you have a full time agent with a Masters degree in Planning with Finance and over two decades of experience, working for you, you will likely do better in negotiations. Id be pleased to provide that service. If you appreciate this answer, please give it a thumbs up, or if this was the most helpful answer, please say thanks with a best answer click.
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Sat Aug 11, 2012
David E. Johnson answered:
Erika - the Prosperity Church area will improve with the completion of I-485. Obviously, some neighborhoods will suffer due to being next to the highway but the ease for commuting will increase ten fold. The completion of the highway will bring more development opportunities, jobs, retail and housing. I think the future is bright!
david.johnson@allentate.com
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Thu Aug 9, 2012
Abby Nelson answered:
Just checking in to see if you had any more questions about the home on Hollirose. The list price is 115k. Give me a call or email me.

Abby Nelson
704-890-1860
abbynelson@bellsouth.net ... more
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Mon Jul 30, 2012
Brittany James answered:
The rental market is up right now here in Charlotte if you are looking to move i have a great company in mind that would be willing to help with that transition you should check them out at www.bestintownmovers.com. ... more
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Fri Jul 27, 2012
Brian Belcher answered:
No, Trulia and Zillow are not spot on. Call me and we can discuss. 704-287-3868

Brian
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Tue Jul 24, 2012
Bizyigezu asked:
This question was asked from http://www.trulia.com/property/3086284050-8338-Meadow-Lakes-Dr-Charlotte-NC-28210
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Fri May 18, 2012
Sergio Rocha answered:
There are 16 homes currently for sale within a mile radius from the intersection of Hwy 51 and Park Road. These homes have been in the market between 14 days at the lowest and 369 days at the highest with an average DOM of 136 days.

In the last 90 days, 14 homes have closed. These sold homes were in the market anywhere in between 3 days at the lowest and 274 at the highest with an average of 101 days. As you can see the market is pretty active in that area, but pricing your home right will make a huge difference how long it stays unsold. Would love to sit down with you to show how effectively i can market your home.
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Thu May 3, 2012
Daniel Fisher answered:
Good afternoon, Tmugwump.
Tax values are a MASS appraisal with a date of 1/1/2011, so they are almost 18 months old. They are also established based on criterion shown on the below weblink. Frequently asked questions at Charmeck website http://goo.gl/0yR3a also address this question

UNC also has a great publication on this: http://sogpubs.unc.edu/electronicversions/pdfs/ptb144.pdf If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click.
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Mon Apr 30, 2012
John Siddons & Mike Laine answered:
mmishra77,

Charlotte's market forecast is looking HOT!! Price are starting to level out, and listing/sold values are actually seeming to go up a few points. There are still TONS of foreclosures hitting the market, but they are beginning to be listed closer to market value and they are being a lot tighter about letting buyers "steal" them.

There are LOTS of buyers out there right now and loans are going through!

John Siddons
704-458-1843
john.siddons@prucarolinas.com
www.searchcharlotte.com
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Mon Apr 23, 2012
Daniel Fisher answered:
Good evening.
Most internet information companies provide data and information based on formulas (logarithms) that name neighborhoods based on general areas. Because Piper Glen and because Piper Glen is larger than Pullengreen, it is used for the area name. Pullengreen is just across I-485 and only a few hundred feet separate Pullengreen... ... more
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Tue Apr 17, 2012
dave answered:
Gabriel,

your question is a little confusing. That home does not show to be a bank owned property or even on the market. In fact it has been many years since it weas listed for sale...

If you could give a little more information as to what it is you are looking for I might be able to help you out.

Dave diCecco
Realtor/Broker
704-519-7895
ddicecco@cbunited.com
www.davedicecco.com
... more
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Fri Apr 6, 2012
Eileen Covington answered:
The answers to all real estate questions is "that depends". Was this home built by a higher quality builder like Shea Homes or a starter home builder? What upgrades does it have? Granite? Stainless? They have become a standard and there are homes in competition that have them. There is also new construction in that area. Is the home in competiton with it? If so, is the builder paying closing costs or giving other incentives? Does the home back up to main road? Power lines? That can be as much as a 20% discount!

I wish I could give you a hard numerical answer but there is so much more to valuing a property than square footage. Were that not the case then there would be no need for appraisers. Since I am an appraiser as well as a Realtor, call me and we can talk about how you should proceed.
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Thu Apr 5, 2012
Nathan Wolf answered:
call me about Ballantyne. i have three buyers looking in Ballantyne neighborhoods at the moment from $200k, $350k and $700k ranges. there are great options for all of them. one of my listings is $185k on an acre and has a renovated kitchen and huge greatroom. but there are plenty of others too! nate@natewolf.com 704-858-2345 ... more
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Thu Apr 5, 2012
Jen Wetzel answered:
It will all come down to the actual condition, location and comps for the home. I do agree with Scott that it could be anywhere from $240,000-$300,000. I sold one there within the last year, and we closed in the mid $280s. Let me know if you have further questions!! ... more
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Thu Apr 5, 2012
Alison Smith answered:
Though none of us have crystal ball, we are seeing an increase in activity. Inventory remains low but we anticipate the spring season will help offer buyers some more choices. I would be happy to help you stay up to date on the current market conditions for the Ballantyne area. We have a great website that our clients find extremely helpful. Visit:

www.AtHomeCharlotteNC.com

Thanks for your question and let me know how else I can be a resource for you :)

Warm Regards,

Alison Smith, REALTOR
Jackie Morgan Real Estate Group
Keller Williams Realty
704-996-6747
AlisonSmith@kw.com
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Thu Apr 5, 2012
Daniel Fisher answered:
Good morning Cre8:
Here are the details:
mulitfamily: http://goo.gl/sH5gQ
condos townhomes: http://goo.gl/Kry1q
single family detached homes: http://goo.gl/Ey61t

Is this what you were looking for? If not, I can email more detailed info. If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click. ... more
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Fri Nov 4, 2011
First Timers Real Estate answered:
Raleigh and Charlotte are great! Each have their own attractions. With the market being depressed, many are renting first, but still relocating to these areas. Great for investors

If you'd like us to help, know that we are Buyer Agents! We do nothing but broker transactions with Buyers! No Dual Agency here!

(704) 380-0178

A licensed REALTOR is waiting to hear from you. Call now.
... more
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