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Home Buying in Charlotte : Real Estate Advice

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  • Home Buying754
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Activity 489
Sun Mar 17, 2013
dave answered:
Allison,

Interesting question. The first one is easy.

1. What is the house worth? Make sure the Realtor has done a CMA on the property and given you data to tell you what the value of the house is.

2. How much should we offer initially for the house? Now you knwo what the house should be worth you will want to knwo what a good startign point is in realtion to that.

3. When Can we Close? a vital question if you are working within a certain time frame to be in a home and the seller is still living there in the house

Dave diCecco
Realtor/Broker
Coldwell banker United
Cell: 704-519-7895
ddicecco@cbunited.com
www.davedicecco.com
... more
0 votes 8 answers Share Flag
Mon Mar 18, 2013
Debra M. Buck answered:
Hi Mostiman!

I assume you are purchasing without a Buyer's Agent? You really should retain one for this very reason so you can be guided on your Purchase and have your interests represented. Inspections, etc are a Buyer's expense as you are verifying or doing the Due Diligence on whether or not you want to purchase the property. The fees to close the sale (Attorney, title search, title insurance,etc) are also Buyer's Expense. You will also be responsible for your pro-rata share of taxes and HOA Dues, if any.

Do you already have a signed Contract? Your Closing Attorney can do a Pre-Hud on the Closing Fees.

If you have further questions, please let me know how I can help.

Best,
Debbie

Debra M. Buck
Realtor/Broker
HM Properties
704.421.2107 Cell
Debra@hmproperties.com
... more
0 votes 6 answers Share Flag
Tue Mar 12, 2013
Tim Moore answered:
Escrow as in the money set aside to pay the taxes and insurance they collect in the loan payment?
0 votes 6 answers Share Flag
Tue Mar 12, 2013
dave answered:
Tieratcook,

I have a mortgage lender that can walk you through the process of cleanign up and fixing the issues to purchase another home. he does nto charge a fee for his services either.

his name is Chris Ayer. His cell phone number is 704-771-3954. if he does nto answer leave him a message and he will return your call.

Dave diCecco
Realtor/Broker
Coldwell Banker United
ddicecco@cbunited.com
704-519-7895
www.davedicecco.com
... more
0 votes 16 answers Share Flag
Mon Mar 25, 2013
Abby Nelson answered:
I am glad to see you are asking lots of questions. I would ask the lender first and foremost if his/her company actually funds the loan. Lots of times I have seen brokers get to closing and then we are waiting and waiting to close. All they have to say is it is out of their hands. There are several types of loan products out there. I only know of one company in Charlotte who really knows how to do a FHA 203k loan. I would get prequalified based upon income and credit and then decide which product based upon the house. Give me a call or email me and lets talk more.

Abby Nelson
704-890-1860
abbynelson@bellsouth.net
... more
0 votes 13 answers Share Flag
Sat Apr 6, 2013
Tim Moore answered:
Sure you can. As soon as you get a non-contingent offer on your house you can then write an offer as non-contingent on a property here. Start speaking with a local lender to get a preapproval and find a Realtor to start getting listings from. Good luck. ... more
0 votes 19 answers Share Flag
Mon Mar 25, 2013
Kathleen Turner answered:
Charlotte is definitely a dog friendly city! I have two dogs myself. We have a number of dog parks here. Charlotteans love their dogs and you will see folks hanging out with their dogs all over.

As far as transportation goes, check out the Charlotte Area Transit (CATS) link http://www.disability-rights.org/Cats/STS.htm. CATS works closely with the community to provide public transportation to all citizens, including those, like yourself, with special needs. Hopefully, this link will be helpful to you.

As far as the cost of living here in Charlotte, you are correct that Realtors cannot stear you to particular neighborhoods. Generally speaking though, you will find that the neighborhoods closest to uptown will be the most expensive and South Charlotte tends to be more expense than North Charlotte. With everything though, there are exceptions to every rule!

Best of luck with your move; I wish you all the best!

Kathleen Turner, ABR, CRS, ePro
Keller Williams Realty
KathleenTurnerRealty@gmail.com
... more
0 votes 4 answers Share Flag
Mon Feb 25, 2013
John Siddons & Mike Laine answered:
Goodmorning Tammy!

Realtors are not allowed to disclose this specfic information. I can direct you to Trulia's awesome feature, crime maps - http://www.trulia.com/local/#crimes/charlotte-nc

They allow you to zoom in on certain areas to see the amounts and types of crimes reported in certain areas.

Call or email me directly if you have any specific questions or would like to set up a showing on a home!

Thanks!

John Siddons
john.siddons@prucarolinas.com
704-458-1843
... more
0 votes 4 answers Share Flag
Fri Feb 28, 2014
Jon Widdifield answered:
I can help you locate a property. Please email or call me so we can communicate more effectively. 704-763-0059 charlottehomepro@gmail.com
Click on the link below to start searching for homes. ... more
0 votes 15 answers Share Flag
Tue Mar 12, 2013
Michael Moulton answered:
HI Tawana,
We have an excellent program for credit repair. Please call Kacy in our office at 704-885-0488. It can help you acheive your goals in as little as 45-60 days.
Thanks,
Mike ... more
0 votes 6 answers Share Flag
Thu Mar 7, 2013
John Siddons & Mike Laine answered:
If you're in the Lake Wylie area in Mecklenburg County, taxes are higher. Also, this area is more developed with $100-$250k mass production builder homes. Union county is more rural, you get a bit more land and the taxes are much lower than Mecklenburg county. More "estate" style homesites available with .5+acre lots.

Call me and I'll help you with your move, I found a home in Dilworth like you mentioned in your last question!

John Siddons
704-458-1843
... more
0 votes 10 answers Share Flag
Thu Mar 7, 2013
John Siddons & Mike Laine answered:
Email me directly or call me to discuss! Dilworth is GREAT, so you're on the right track about places to live.

I'd really like to help you with your relocation and should be able to give you the guidance you need based on what we discuss.

Hope to hear from you

John Siddons
Broker / REALTOR
Prudential Carolinas Realty
704 - 458 - 1843
John.siddons@prucarolinas.com
... more
0 votes 14 answers Share Flag
Thu Mar 7, 2013
Jon Widdifield answered:
Like anywhere there are several different opinions. It is a little more rural than charlotte , but only about 20 minutes from the city. I would be more than happy to send you a relocation package that tells you all about the charlotte area. Just email me your mailing address. Charlottehomepro@gmail.com ... more
0 votes 8 answers Share Flag
Thu Mar 7, 2013
Ruth and Perry Mistry answered:
Hi Robyn

Talk to the many agents who will respond to your post or
go to Open Houses and see if any of the agents hosting the home will
work for you.

Check with your friends or at Chruch.

Good luck

Ruth

http://www.trulia.com/blog/perry_mistry
... more
0 votes 26 answers Share Flag
Thu Mar 7, 2013
Kathleen Turner answered:
Hi - this is a question for a mortgage lender. Your income will play a big part in the equation so your best bet is to go ahead and speak with a lender to formulate a plan. It is way too early to apply for a loan, but not to early to plan for your future. Best success in your new career! Kathleen Turner ... more
0 votes 6 answers Share Flag
Thu Mar 7, 2013
Tricia Driscoll-Fenton answered:
Yes Brokers do have exclusive listings. A Broker has to be a Realtor and join the Multiple Listing Service in order for their listings to be entered into the MLS. Not all Brokers are Realtors and if they are not, they can not provide this very valuable service to their clients. ... more
0 votes 9 answers Share Flag
Tue Jun 4, 2013
Jon Widdifield answered:
Typically they do not counter, they usually have several offers and choose the best one. My best advise is to offer the highest amount you feel comfortable with, if you do not get it you do not want to be left saying I wish I would have offered another 1000 dollars. ... more
0 votes 9 answers Share Flag
Mon Jan 21, 2013
Lexie Longstreet answered:
That's right. HUD gives owner occupants the first shot. Usually investors can bid after 14 or 15 days. I would look for HUD homes that have been on the market longer than that Owner Occupant First Look period. You can also look for the homes that require the most work. Owner Occupants shy away from those homes... as they are buying them "as is".
The investor market is very competitive. Most homes get multiple offers in just a few days so be diligent in you looking and have an agent ready to place an offer for you as soon as you see one you like. Place a strong bid... and pay cash if you can. It seems like most investors getting the homes are paying cash. Good luck.
... more
0 votes 6 answers Share Flag
Mon Jan 21, 2013
Cindy & Tony Altieri answered:
An appraiser can use any comps he wants, which seems very unfair. We have not experienced an appraiser using FC or Short Sales on amy of our recent closings/appraisals for our homes we have closed on. To be fair In your situation, both the seller & you should agree on comps not in FC or Short Sale to come up with a price.. If there are no comps that have sold regularly, than that's another thing. But to be fair to both, you should use normal "Sold" properties, ... more
0 votes 6 answers Share Flag
Tue Mar 12, 2013
My NC Homes Team answered:
No premium should be paid, other than possibly a slightly higher interest rate than market rate. Personally if you've got good credit and can get a loan, I'd probably not work with Seller financing.

I'd limit my offer to appraised value at the most.
... more
0 votes 12 answers Share Flag
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