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Charlotte Property Management Blog

Distressed Sales. Great Deals?

Tuesday, June 21, 2011

Not a week goes by that I do not talk to some buyer prospect who states their interest in buying a distressed property. Word on the street is that these foreclosures, short sales, estate sales, HUD and Fannie Mae homes and the like represent the best deals the market has to offer. But is this true? Here are some quick hit random though...

How much less than list price should I offer?

Saturday, December 18, 2010

The most common question I hear from prospective buyers is: "How much less from the purchase price should I offer?" Conversely, sellers have the same question: "How much of a discount do buyers expect to get? If I am willing to take $X, how much more than that should we make the list price?" I consistently remind both buyers and selle...

Mortgage After Foreclosure?

Friday, December 17, 2010

Recently someone submitted a question to Bankrate.com and asked about the possibility of getting a mortgage after a foreclosure (read the full article here). The article goes on to discuss how difficult it can be to get a mortgage after a foreclosure. But, the sad part is that it is becoming that hard for many people to get a mortgage f...

Who benefited from the Tax Credit?

Monday, August 16, 2010

In response to our last blog post about the tax credit I had a good discussion with one of our friends on facebook. She asked, "who really benefited from the tax credit: the buyer or the seller?" Of course, the general idea behind the tax credit was that the buyer would be getting a house at current market value AND would be getting $8,...