Saving Charlotte Homeowners from Foreclosure Many agents do not care to represent short sales as the only thing short about them is the bottom line for the banks/investors approving them! They are a long and tedious process, requiring infinite patience and tenacity. They're not the 'slam-dunk' sales that some consider re-sales to be, although those have proven to be less slam-dunk than ever before of late! Short sales are never the same; many factors play into the ability of the banks to consider approving mortgage short sales. In the case of this most recent Savvy short sale Closing, it … Continue reading...
Home in The Reserve – SOLD!!!
Just SOLD! 5BR/2.5BA Home $250,000 (list price) $265,000 (multiple Offers/sales price) MLS# 2033927 Stunning home in Waxhaw’s most sought-after community, The Reserve. Open floorplan with all of the bells & whistles, including granite countertops & gleaming wood floors, ceramic tile, 42” maple cabinets, upgraded kitchen sink and faucet, blinds throughout and upgraded lighting. Soaring 2-story foyer & greatroom, fabulous gourmet kitchen with breakfast bay that opens to deck overlooking backyard, luxurious master suite with huge walk-in closet and lots of windows that make this … Continue reading...
JUST LISTED in The Reserve in Waxhaw – SHORT SALE
JUST LISTED in The Reserve in Waxhaw - SHORT SALE Stunning home in Waxhaw’s most sought-after community, The Reserve. Open floorplan with all of the bells & whistles, including granite countertops & gleaming wood floors, ceramic tile, 42” maple cabinets, upgraded kitchen sink and faucet, blinds throughout and upgraded lighting. Soaring 2-story foyer & greatroom, fabulous gourmet kitchen with breakfast bay that opens to deck overlooking backyard, luxurious master suite with huge walk-in closet and lots of windows that make this home bright and welcoming are a few of the highlights … Continue reading...
5 Steps to Selling Your Charlotte Home as a Short Sale
5 Steps to Selling Your Charlotte Home as a Short Sale Although selling your Charlotte home as a short sale probably isn’t what you’d prefer, it may be the best option for you. The good news is that short sales are becoming the preferred option for lenders hampered by the huge number of foreclosures. To get you started on your short sale journey, here’s the condensed version of how to sell your Charlotte home as a short sale: Hire an experienced real estate professional: Find a real estate attorney and/or agent who have successfully closed a lot of short sales. Additionally, REALTORS® … Continue reading...
Charlotte Short Sales and Tax Implications
Charlotte Short Sales and Tax Implications June 13, 2011 By Melissa Zavala I had an agent ask me today about the tax implications of a short sale. He said that his seller was concerned about both the tax implications and future liability for the debt forgiven and was in the process of investigating both issues.Caveat: I’m not an attorney or an accountant. I don’t even play one on tv. So, if you or your short sale sellers really want the skinny on the tax implications of a short sale, my best advice is to speak with a reputable accountant or tax attorney. That being said, I have no … Continue reading...