5 Things to Consider Before Buying a Foreclosed Home

Any Charlotte Realtor will tell you that buying a foreclosed home is a little different than purchasing a traditional resale. If you are considering purchasing a foreclosed home, there are a few things you may want to keep in mind before you put your money down. Coming from a professional real estate agent in Charlotte, here are five things to consider before purchasing a foreclosed home.

Get Credit Pre-approval

Getting credit pre-approval is important because it is better to know how much you can afford ahead of time before approaching a real estate agent in Charlotte. Getting your credit pre-approved will let you know what your financial limit is and will streamline the purchase process. You will be able to save time looking for properties with a credit pre-approval.

Find an Charlotte Realtor

You will need to find a Charlotte real estate agent that specializes in foreclosures. An experienced realtor can help walk you through the complex process for purchasing a foreclosed home. You will be able to benefit from their experience and avoid common mistakes that many buyers may make during a real estate foreclosure sale.

Invest in a Home Inspection

Shelling out a few hundred dollars for a home inspection is much better than purchasing a home that will costs you far more money down the road. A home inspection can provide you with information about the structure of the home and anything else you should know about the property before officially purchasing it.

Look for Signs of Poor Maintenance

In a foreclosure situation, owners often give up on caring for their property. A home inspection can uncover a few problems, but it can not uncover every little thing. Gutters may need cleaning, showers and tubs may need caulk, and overgrown vegetation may need to be addressed. These are typical problems for a foreclosure, so it is important to keep a look-out for signs of poor maintenance.

Come to the sale prepared

The biggest thing to keep in mind is that all foreclosure sales areas are as-is sales. There are no warranties or guarantees; what you see is what you get. Your new home may have liens and other obligations that may not be readily apparent. It is best to come to the sale prepared to face these types of obstacles.

Nearly a third of home sales nationwide were in some stage of foreclosure during the last quarter. Purchasing a foreclosed home can be an excellent way to get a great deal on a home, but there may be hidden costs involved.

To get the benefit & experience that a realtor has with foreclosures, contact Top Charlotte Agent today!

Top 5 Suburbs To Live in Charlotte, NC

Charlotte is a wonderful city with a great deal of available housing options. Any Charlotte realtor will agree that this city truly is a wonderful place to live. One of the best things about the Charlotte real estate market is that there are lots of great deals to be had, even in the suburbs. The suburbs have been a good option for many buyers due to property taxes being lower. Of course, land prices are also lower and home prices are extremely reasonable. With all this in mind, here are 5 suburbs in Charlotte that surpass all the others when it comes to purchasing a home.

Fort Mill

Fort Mill really has it all! People who move to this area can enjoy the conveniences that Ballantyne offers without having to pay extra. The overall cost of living for this area is much lower. Many real estate agents in Charlotte recommended this suburb to buyers because the demographics appeal to young families who want to live somewhere that offers a strong sense of community. This area is actually located in South Carolina, but is only 18 miles from uptown Charlotte. Explore houses in Fort Mill, South Carolina!

Concord

If you’ve fallen in love with Davidson, but the home prices there are not within your price range, Concord may be your best bet. This area has a lot going on; there are specialty shops, theatres, restaurants, art galleries, and more. Best of all, these draws are all within walking distance of downtown Concord. Any realtor in Charlotte will agree that Concord is one of the best places to buy a house in Charlotte. Explore houses in Concord, North Carolina!

Indian Trail

It may be hard for many people to believe, but for a while now many Charlotte real estate agents have touted this secret gem as a wonderful place to settle. This once-sleepy suburb has recently experienced a big housing boom and the area infrastructure has finally caught up with new retail and restaurant offerings for residents. It’s a great place to live because it offers the convenience of Matthews without the high price tag. Explore houses in Indian Trail, North Carolina!

Mount Holly

Mount Holly has branded itself as a “playful city”, and with wonderful reason: the area contains two recreational facilities and six parks. Mount Holly is conveniently located across the Catawba River, right near the US National Whitewater Center. Also, Crowders Mountain State Park is only thirty minutes away from the area. This exciting suburb will most likely appeal to people who are drawn strongly to an adventurous life. Explore houses in Mount Holly, North Carolina!

Rock Hill

Although this suburb is about thirty miles from the uptown Charlotte area, it’s a prime candidate for being a wonderful place to live because of the low cost of living and strong schools. There are also lots of parks and natural spaces to wander. Winthrop University offers a bustling cultural scene for the area, which includes live music theatre and dance. The best part is that admission to these cultural hotspots usually costs less than the cultured events that go on in the uptown Charlotte area. Explore Houses in Rock Hill, North Carolina!

It is clear that the Charlotte area houses some wonderful areas for people to call home. For more information about these wonderful areas, contact Top Charlotte Agent today. We can point you to all sorts of wonderful deals on Charlotte area homes in the best Charlotte neighborhoods!

Using the Same Buyers and Sellers Agent in Charlotte

If you are selling your home in Charlotte, NC and looking to buy within the area there is no reason to hire a separate buyers agent and selling agent. Whether you have outgrown your home or need to downsize, changing homes within the Charlotte area is common. Our realtors at Top Charlotte Agent are skilled listing and buying agents and can help you through every part of your transaction.

Why Use the Same Agent

You will want to work with an agent you trust during both the home buying and selling processes. It is a good idea to meet with real estate agents to find someone who has the knowledge and experience you are looking for. When you are staying in the Charlotte area there is no need to go through this process twice when the same agent can fulfill your needs.

Convenience is also a major benefit of using the same Charlotte real estate agent. You can talk to your buyers agent and your listing agent with one phone call. This makes it much easier to get updates on both processes simultaneously.

When you are working with the same agent to buy and sell your home in Charlotte, North Carolina, your real estate has a better sense of your timeline. By knowing the details of your home sale, your realtor can help coordinate your closings of both houses and minimize your transition time between homes.

For help selling your home and buying a new house in the Charlotte, NC area, give us a call!

Do I Need a Buyers Agent?

As a buyer entering the housing market, you are faced with an important decision: to hire a buyers agent or go at it alone. Buying a home is a big decision, and there are a number of reasons a qualified buyers agent in Charlotte is essential to your home purchase.

Housing Market Knowledge

When navigating the real estate market in Charlotte, it is important to have an expert on your side to help guide you. An extensive knowledge of housing market trends is vital when buying a home. Working with an expert in the industry gives you a past to present view on what has influenced the market in Charlotte, North Carolina. Industry expertise paired with comprehensive knowledge of the area gives you a big advantage when working with a buyers agent.

Historical Price Data

A buyers agent can access historical price data for the home you are considering. Historical data can help determine a fair price for the home, as well as assess its resale potential. Your buyers agent can access and analyze this data to help you make the most informed decision on your purchase.

Keep Track of Details

Chances are, buying a house is not the only thing you are focused on. With work and family obligations, keeping up with the details of your home purchase can be a handful. There are a lot of moving parts to keep track of when it comes to buying a home: searching for homes, setting up showings, making an offer, inspections, the mortgage, the closing, real estate lawyers, and the title company to name a few. Your buyers agent in Charlotte will guide you through the process and keep you on schedule.

Contact us to learn how one of our buyers agents can help you find a home in Charlotte, NC!

9205 Kingsmead Lane

Exciting, impressive, warm & inviting describes this wonderful home. Formal two-story foyer greets you as you step through mahogany doors.  Well designed open kitchen with hign end cabinetry, a large island and a sunny breakfast room.  Spacious great room is poised for entertaining or quiet times.  Dining room perfect for large or intimate moments.  Office has coffered  ceiling & beadboard walls.  Executive owner’s suite is accented by a  fireplace and built-ins.  Upper level has very large secondary rooms, great closet space and a bonus/media room. Fabulous courtyard with yet another fireplace is just ideal for outdoor entertaining or cozy evenings.  Partial basement storage area could be a future wine cellar.  A wonderful community with sought after schools and nearby shopping.

Listing Price: $730,000
Address: 9205 Kingsmead Lane
City: Waxhaw
State: NC
ZIP: 28173
Subdivision: Kingsmead
Legal: #6Hunter Oaks PH10/BLK5
Builder: Dowd
Tax Value: 751,870
County: Unioin
MLS # (if any): 2142822
Square Feet: 4,000
Bedrooms: 4
Bathrooms: 3/2
Basement (full, 1/2, finished, unfinished):
None Year Built: 2003
Complete:
Tax Loc: Waxhaw
Model:
Zoning: AE4

Approx. Acres: 0.34
Lot Description:
New Construction:
HOA Fee: 738.00 Annual
HOA Phone: 704-847-3507
Rooms:
Style: Transitional
Exterior Const: Hard Stucco
Driveway: Concrete
Parking: 3 Car Garage
Aprx Lot Dim: 100x150
Primary Residence:
Subject to HOA: Yes
HOA Mgmt: Braesel Mgmt.
Schools: Marvin Ridge
Type: 2 Story
Foundation: crawl
Fireplace: yes/ indoor & outdoor
Laundry: 1st Floor Utility
Floors: 2

3246 Park Road

Stunning luxury condo on first level located in rear for privacy offering piece and tranquility. Very well appointed with all the finishing touches one would come to expect.  Large serving bar looks out upon the living room.  Beautiful fireplace & built-in’s too!  Owners suite is bathed in windows with a wonderful bathroom as well.  A covered terrace gives you that certain piece of heaven.  Located just minutes from Dilworth, great shopping and restaurants.  In addition to a short drive to uptown (10 minutes) you are also close to some of the best medical facilities in Charlotte.  **Owners are also interested in a rent back for two years so this could be an ideal investment opportunity.**  This well taken care of home will be a pleasure to show.

Listing Price: 325000
Address: 3246 Park Road
City: Charlotte
State: NC
ZIP: 28209
Subdivision: Parkwood Knoll
Legal: Unit 3246 U/F 830-1
Builder:
Tax Value:
County: Mecklenburg
MLS # (if any): 2140154
Square Feet: approx. 1650
Bedrooms: 2
Bathrooms: 2
Basement (full, 1/2, finished, unfinished): n/a
None Year Built: 2007
Complete:
Tax Loc: Charlotte
Model:
Zoning:

Approx. Acres: n/a
Lot Description: 1st floor entry
New Construction:
HOA Fee:
HOA Phone:
Rooms:
Style: Transitional
Exterior Const: Brick and Stone
Driveway:
Parking: covered parking garage
Aprx Lot Dim:
Primary Residence:
Subject to HOA: yes
HOA Mgmt:
Schools:
Type: mid-rise condo
Foundation:
Fireplace: yes
Laundry: yes, in unit
Floors:

5520 Allison Lane

Beautiful well-maintained townhome in great area!  Bright and sunny, very roomy!  9′ ceilings down, 8′ ceilings up. Fireplace in great room and functional separate office space is a must see! Lots of storage and large closets.  Master suite has bath w/ double vanities and separate shower and tub.  Back yard is fenced an private – a rare find for a town home!  Beautiful well-maintained townhome in great area!  Bright and sunny, very roomy!  9′ ceilings down, 8′ ceilings up. Fireplace in great room and functional separate office space is a must see! Lots of storage and large closets.  Master suite has bath w/ double vanities and separate shower and tub.  Back yard is fenced an private – a rare find for a town home!

Listing Price: 200,000
Address: 5520 Allison Lane
City: Charlotte
State: NC
ZIP: 28277
Subdivision: Stone Creek Ranch
Legal: L86 M51-508
Builder:
Tax Value: 178,200
County: Mecklenburg
MLS # (if any): 2136033
Square Feet: 1950
Bedrooms: 3
Bathrooms: 2/1
Basement (full, 1/2, finished, unfinished): n/a
None Year Built: 2009
Complete:
Tax Loc:
Model:
Zoning:

 

Approx. Acres:
Lot Description:
New Construction: n
HOA Fee:
HOA Phone:
Rooms:
Style: Transitional
Exterior Const: Brick Veneer Partial
Driveway: Concrete
Parking: 2 Car Garage, Attached
Aprx Lot Dim:
Primary Residence:
Subject to HOA: yes
HOA Mgmt:
Schools: Ardrey Kell
Type:
Foundation:
Fireplace: yes
Laundry: 2nd Floor
Floors: 2

3419 Rea Forest Drive

Beautiful and open floor plan designed for ease, comfort and entertaining.  Large secondary bedrooms have large closets and treyed ceilings.  Dining room (15×14)transitions to a most enjoyable great room and Kitchen.  A very spacious and functional kitchen has plenty of cabinets and counter space for that gourmet in all of us.  Covered patio just off great room for those lazy evenings is just ideal.  Outstanding owners suite, bath and large walk in closet completes the look of this wonderful owners suite.  Very high ceilings accentuate the main living and entertaining area.  Bring you buyers and they can select colors, flooring and finishes.  Ideally situated & a short walk to Colony Place Shopping Center.  Builder to pay initiation at Windyrush Swim/Tennis. Minutes from Southpark and Uptown.

Listing Price: 434800
Address: 3419 Rea Forest Drive
City: Charlotte
State: NC
ZIP: 28226
Subdivision: Sheffingdell
Legal: L16 M49-363
Builder: Ashland Custom Homes
Tax Value:
County: Mecklenburg
MLS # (if any): 2132903
Square Feet: approx. 2800
Bedrooms: 3
Bathrooms: 2
Basement (full, 1/2, finished, unfinished): n/a
None Year Built: 2013
Complete:
Tax Loc:
Model: Olympia
Zoning:

Approx. Acres: 0.18
Lot Description:
New Construction: yes
HOA Fee:
HOA Phone:
Rooms:
Style: Transitional
Exterior Const: Brick
Driveway:
Parking:
Aprx Lot Dim:
Primary Residence:
Subject to HOA: yes
HOA Mgmt:
Schools: Myers Park
Type: Ranch
Foundation: crawl
Fireplace: yes
Laundry: utility room
Floors:

4312 Jasmin May Drive

 

Great in fill community.  Ashland Custom Homes presents another superb home.    Open and transitional floor plan, large kitchen has center prep island, morning room, all flows into great room. Beautiful hardwoods in formal areas, granite & tile back splash, Buyer can select colors if they hurry.  Owners Suite enjoys a private sitting room and a glamor bath.  Large walk in closets too.  Outstanding secondary bedrooms with great closet space & plenty of windows. Bonus room/5th bedroom serves many purposes.  This wonderful home and community is a short drive to Southpark and Uptown.  Sheffingdell is a short walk to Olde Providence Elementary school and Colony Place shopping center.  Additional homes and home sites available to select from with this great builder.

 

Listing Price: 450000
Address: 4312 Jasmin May Drive
City: Charlotte
State: NC
ZIP: 28226
Subdivision: Sheffingdell
Legal: L18 M501 63
Builder: Ashland Custom Homes
Tax Value:
County: Mecklenburg
MLS # (if any): 2131229
Square Feet: approx. 3300
Bedrooms: 5
Bathrooms: 4
Basement (full, 1/2, finished, unfinished): n/a
None Year Built: 2013
Complete:
Tax Loc: Charlotte
Model: The Shanewood 3
Zoning:

Approx. Acres: 0.20
Lot Description:
New Construction: Yes
HOA Fee:
HOA Phone:
Rooms:
Style: Transitional
Exterior Const: Brick
Driveway: concrete
Parking: 2 car garage
Aprx Lot Dim:
Primary Residence:
Subject to HOA: Yes
HOA Mgmt:
Schools: Myers Park
Type: 2 story
Foundation: crawl
Fireplace: yes
Laundry: 1st floor utility room
Floors:

10004 Seven Oaks Drive

**Shows like a model in every sense.** Two story foyer greets & leads to a beautiful kitchen with loads of cabinets & counter space.  Granite counters, upgraded appliances and prep island as well.  Open breakfast room leads to a sunny greatroom that can accomodate lot’s of furniture and is accented by a pretty fireplace.  Dining room works well with this home & is ideal for large gatherings.  Owners suite is quite large & has a lovely bathroom too.  Secondary bedrooms are quite large and all have ample closet space as well.  Neutral colors through allow you to come and decorate as one’s taste would allow.  Sensational back yard has a separate 12 x 12 workshop that is wired, has a/c & heat can be used for so many purposes.  Wonderful backyard that overlooks a private & serene pasture.

Listing Price: 195000
Address: 10004 Seven Oaks Dr
City: Charlotte
State: NC
ZIP: 28215
Subdivision: Seven Oaks
Legal: L122 M42-977
Builder:
Tax Value:
County: Mecklenburg
MLS # (if any): 2139882
Square Feet: 2790
Bedrooms: 4
Bathrooms: 2.5
Basement (full, 1/2, finished, unfinished):
None Year Built: 2006
Complete:
Tax Loc: Charlotte
Model:
Zoning:

Approx. Acres: 0.26
Lot Description:
New Construction:
HOA Fee: $450 per year
HOA Phone:
Rooms:
Style: Transitional
Exterior Const: stone and vinyl
Driveway: concrete
Parking: 2 car garage
Aprx Lot Dim:
Primary Residence:
Subject to HOA: yes
HOA Mgmt: Kuester Management
Schools:
Type: 2 story
Foundation: slab
Fireplace: yes
Laundry: second floor
Floors: laminate, tile and carpet