Charlotte NC Home Buyers:  Don’t Get Left at the Altar

Although Charlotte statistics show that re-sales are often a better bargain than distressed properties, many buyers insist that short sale and auction properties are the ‘best deals out there.’  They may be in other cities but, in Charlotte, for the most part, they are not.
If you have found that ‘deal-of-the-century short sale or auction property, don’t fall in love and leave yourself open to heartbreak. Charlotte home buyers searching for heavily discounted distressed properties should research several prospective properties.  Oftentimes Charlotte short sale buyers have found themselves all alone at the altar, losing out to either short sale having gone into foreclosure or another buyer outbid them on their perfect home.
To be a successful auction winner or short sale buyer, begin by targeting several homes.  This will assure that you won’t be left brokenhearted.  So many parties are involved in the transaction, (especially short sales) including brokers, attorneys, loss mitigators, appraisers, lenders, investors, servicers and inspectors.  So much can go wrong and often, does go wrong, during these transactions. With the many factors that come into play, especially with short sale properties, it is always best to have a back-up property or two researched and ready for that Offer, should the original deal fall through.