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Charlotte Property Management Blog

Answering Ten Economic Questions for 2011

Tuesday, December 21, 2010

One of my favorite blogs, Calculated Risk, recently posed ten economic questions to ponder for 2011. Here are my quick hit answers to some of those questions: 1. House Prices: How much further will they fall and will they bottom out in 2011? The answer to this question really relies on how quickly we can get through the bulk of our f...

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...

QE2, inflation and what it means for real estate.

Tuesday, December 14, 2010

While I enjoy being a lifelong student of economy, I can easily see that there are a great many people way smarter than I am that are trying to make sense of our current set of circumstances. For most of us, up until recently we may have thought that QE2 might be something akin to Carbon Dioxide. But, if you have been paying any attenti...

Charlotte's Economic Growth Potential

Sunday, August 22, 2010

Do you live in Charlotte? Do you have the impression that Charlotte will be a leader in economic growth, middle of the pack, or lagging behind? The Charlotte Business Journal reported a story last week from Business Facilities magazine that Charlotte is faring well in some regards. Charlotte is ranking #5 in economic growth potential ...

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,...

Tax Credit. Now What?

Thursday, August 12, 2010

It has now been over three months since the tax credit contract date has expired. So, what has the market done since then? In the three months leading up to the tax credit there was an average of 8 total showings on each listing in Charlotte. That was not a lot, but it was a surge at the time of people trying to get in to get under con...

Offer Incentives or Lower the Price?

Monday, February 1, 2010

We did a survey asking what our first blog topic should be and the consensus was to discuss alternative sales techniques. In this buyer's market it helps to think of creative ideas that can set your house apart from your competition. I was reading one article last week that discusses five wacky ways to sell your house: Let p...

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