Many of my clients have had to take significant losses when they sold their previous homes but after they realized what they could afford to buy in their area of choice, they were wondering why they didn't cut their losses sooner. A lot of sellers are scared to take a loss on their house, when in fact it makes financial sense for them to do so if they are planning to buy a more expensive house where they can regain the loss.
- Interest rates are at all time lows, so you can sell your house at its current, higher, interest rate, get into the home of your dreams, and your monthly payment may not rise much...remember that interest rates control your monthly payment just as much, if not more than the list price.
- If you are an investor, this is a great time to be adding to your portfolio of rental properties. There are a lot of renters in this market that do not have the credit to buy. What better time to buy an investment property than at the bottom of the market (price-wise), all time low interest rates, and an increasing number of renters.
- Charlotte, NC will always be a popular place for the young workforce, retirees, and investors. The amazing climate, educated workforce, an Uptown that is constantly growing, a diversified arts community, Charlotte's airport, and close location from the mountains and to the ocean will keep Charlotte on the top of many home buyers list of places to move.
Charlotte, NC was recently ranked the #8th healthiest real estate markets in the country. Charlotte never experienced the extreme bubble prices like many of the other cities. Charlotte is expecting to add enough jobs to keep up with its' growth and will continue to be a popular city for home buyers and investors.