During a slow market, buyers have the biggest advantages of all. That’s why now is a great time to buy Charlotte NC homes. Haggle without feeling guilty because you have the upper hand; your seller is likely to have the upper hand upon their purchase. But, don't be 'smug' about it though--keep in mind that sellers have likely taken the advice of agents with market knowledge who have helped them position their homes on the market--WELL. As the market bounces back, you will have the added bonus of rising prices making your home worth more than it was when you bought it. Even in this buyers’ … Continue reading...
Mortgage Lenders for Your Charlotte Home Loan
Mortgage Lenders for Your Charlotte Home Loan One of the least understood aspects of Charlotte home loans is the different types of lending that is available to buyers. Most buyers mistakenly assume they have to obtain a home loan from a traditional savings and loan. There are several different types of lenders; here are the main types of mortgage lenders and how each of them function: Mortgage Bankers: Mortgage bankers are loan originators that operate with the sole objective to sell the loan they create to another source. Even though they will sell the loan they must have the ability … Continue reading...
What’s the Difference Between Foreclosures and Short Sales?
You've got to love reading through some of the Q and A on Trulia questions! I always love to clear up the consumer's questions that seem to be so plain and simple for us but, not so simple for those who are not in our business. Here's the short version of a recent question that I thought needed a bit of clearing up: What is the difference between a foreclosure and a short sale and which is the best one to buy? In response to the initial question - The difference between a foreclosure and a short sale is that a foreclosure is owned by the bank and a short sale is still owned by the … Continue reading...