Relocation and corporate properties in Charlotte, NC are enticing buyers to buy...often these properties are in great condition but are selling at short sale prices. The Allen Tate Company has been managing a constant portfolio of relocation properties and corporate homes.
When you negotiate a corporate or relocation property you are negotiating with a relocation company. This is very similar to negotiating a foreclosure with a bank. (The relocation company will at least get back to you in a reasonable amount of time) The advantage of negotiating with a relocation company is also much the same. They do not have an emotional attachment to the property and they are less likely to be offended by a low ball offer. The relocation company wants to get the house out of its' portfolio and will often sell the house below market value.
These properties have already had inspections and the relocation companies have completed most of the necessary repairs. You are able to see the inspection while you are viewing the property for the first time. I encourage buyers to get another inspection because the house has been sitting vacant for a while but at least they are able to get a better idea of the condition of the house prior to making an offer.
People hate to see a relocation property enter the market in their subdivision. They will not help to increase the values for other houses in the neighborhood and they will be a low "comp." for the area for the next 6 months. This hurts values because future buyers will argue that the value of the houses in the subdivision are at a price level around which the relocation property sold.
Charlotte, NC has a lot of relocation properties on the market and buyers and investors should definitely take a serious look at these houses.
