There are myriad sites online dedicated to detailed explanations about foreclosures. This is not going to be another “how to” guide. Instead, I am going to try to provide you with some insight and examples of real hurdles encountered during my recent experiences representing Lake Norman buyers through the process of purchasing foreclosures or bank-owned properties (REOs). In [...]
We are bombarded by national and regional housing statistics and prognostications in the news practically every day. Even our Charlotte Regional Real Estate Association provides monthly data by our Charlotte Mulitple Lisitng Service’s defined areas including Lake Norman. However, none of these resources provide specific numbers that enable us to get a grasp on how big a role [...]
Unfortunately, Short Sales and Foreclosures are where the action is right now in Lake Norman home sales. Recently, our Charlotte Multiple Listing Service added a new search field for Realtor members which enables us to search for properties that are in “distress”. However, at this time our MLS is not providing this same [...]
In today’s real estate market, both here in the Lake Norman area as well as the entire country, economic data changes daily. This is especially true of the number of home foreclosures. And it is particularly difficult to stay on top of our local numbers as they are not as readily available. That is why I got [...]
What Role Does Shadow Inventory Play in Lake Norman Real Estate?
There was a rather disturbing article in Sunday’s Charlotte Observer: Housing glut looms behind region’s ‘shadow inventory’. It is not the whole issue of shadow inventory that is disturbing but rather the tone of the article, starting with the ominous title itself. Home buyers are already extraordinarily nervous, why add relatively useless fuel to this fire? [...]