2009 January Archives
Documentation To Have Ready For Mortgage Application
January 30, 2009
When buying real estate in Charlotte NC, the mortgage process and application will require some personal documentation from you, the buyer. Before applying for a mortgage to buy a home in Charlotte NC, it can be helpful to know what documentation your lender may request so that you don’t have to go digging through old files trying to locate the required mortgage application documentation. - Your most recent pay stub (for the past 30 days) from your employer including your year-to-date... Read more →
Madison Park Real Estate Market 1.29.09
January 29, 2009
As of January 29, 2009 there are 32 available real estate listings in Charlotte NC’s Madison Park neighborhood with list prices ranging from $95,000-$335,000. Two Madison Park homes for sale are currently under contract and both have list prices under $180,000. Real estate inventory in the Madison Park neighborhood increases by price range, with the highest levels of Madison Park real estate inventory over the $300,000 price point with zero successfully closed real estate listings in... Read more →
Credit Card Debt
January 29, 2009
Credit card debt can have an impact on your ability to qualify for a mortgage when buying real estate in Charlotte NC. Carrying credit card debt raises your monthly payment obligations which can reduce the maximum monthly mortgage payment you’ll be approved for. Carrying credit card debt is also an added monthly expense that can reduce the amount you have left over to contribute to savings, luxuries and other living expenses. Simply paying the minimum required monthly payment is... Read more →
Are Lenders Still Loaning Money For Mortgages in Charlotte NC?
January 28, 2009
Are lenders still loaning mortgage money in Charlotte NC? Yes!!! I’ve noticed some online postings indicating that lenders either aren’t lending or will only lend to borrowers with perfect credit and 20% down payment. Not true!!! While having 20% down and also having an excellent (as in over a 750) score will most likely make obtaining a mortgage easier, it’s not true that the only Charlotte NC mortgage loans being approved are to those borrowers. When buying real estate... Read more →
Beverly Woods Real Estate Market Report 1.27.09
January 27, 2009
As of January 27, 2009 there are 15 available Beverly Woods real estate listings with prices ranging from $250,000-$429,950. There are 0 Beverly Woods real estate listings under contract, which continues the recent trend of a lack of real estate activity in the Beverly Woods neighborhood. Real estate inventory levels in Charlotte NC’s Beverly Woods neighborhood are weighted significantly in favor of buyers right now. With the lack of under contract real estate listings, that... Read more →
A Surefire Way To Reduce Charlotte NC Real Estate Inventory
January 26, 2009
There’s a way to reduce available real estate inventory in Charlotte NC that has nothing to do with buyers. A less publicized and perhaps less popular method to reduce real estate inventory is for pseduo or “maybe” sellers to take their houses off the market. When I say “pseudo” or “maybe” sellers, I’m talking about homeowners who have their houses listed for sale but will only sell IF they get the price and terms that they’ve decided they... Read more →
Cameron Wood Real Estate Market in Charlotte NC 1.23.09
January 23, 2009
As of January 23, 2009 there are 11 available homes for sale in Charlotte NC’s Cameron Wood neighborhood with list prices ranging from $214,900-$439,900. Two real estate listings are under contract in Cameron Wood, which is higher than two weeks ago. Both under contract Cameron Wood homes are priced below $249,999. Real estate inventory levels in Cameron Wood increase by price range, with the highest real estate inventory in Cameron Wood over the $350,000 price point, which is where... Read more →
Who Do Real Estate Agents Work For In Charlotte NC?
January 22, 2009
Real estate agents in Charlotte NC can work: - Exclusively for a buyer - Exclusively for the seller - Or work for both buyer and seller at the same time (dual agency). While dual agency is an option in NC it’s up to buyer, seller and the agent as to whether that is an option they’re all comfortable with. For an agent to represent both buyer and seller in the same transaction there’s a sacrifice of loyalty - for my thoughts on dual agency, visit Dual Agency Considerations... Read more →
Landen Meadows Real Estate Market in Charlotte NC 1.21.09
January 21, 2009
As of January 21, 2009 there are 7 available homes for sale in Charlotte NC’s Landen Meadows neighborhood with list prices ranging from $207,000-$299,900. There is 1 real estate listing currently under contract in Landen Meadows. The majority of available homes for sale in Landen Meadows are priced in the $200,000-$249,999 price range. Landen Meadows Real Estate Market Activity 1.21.09 Price Range Active Listings Under Contract Listings # Sold Oct-Dec Inventory Level Less... Read more →
Maybe We Should Have An “Oath of Home Ownership”
January 20, 2009
Barack Obama became the 44th President of the United States of America during today’s inauguration ceremony. The oath of office itself is just a few short sentences, but the meaning and intent of that pledge goes much deeper than the words it contains. So, I have to wonder whether we should have an “oath of home ownership”? A pledge and promise made at the settlement meeting (Charlotte NC real estate closing). A vow to, care for, take responsibility for, preserve, and maintain the... Read more →
