It is incredible to experience this Real Estate market first hand! Within Charlotte Real Estate we have great diversity and a wide range of price points. First there are the homes under $100,000.
These homes are in the most economically challenged areas in the greater Charlotte Real Estate market. Due to the continued popularity of Charlotte there is a huge demand for these homes. Half of them will be under contract at all times. This gives you an idea of the competition and the continues aggressiveness of our Real Estate market.
From the $150,000 to the $300,000 there is foreclosure activity but this group actually receives the smallest discount. The homes may not be "dumped" like the group discussed above but there is still great demand. Most Charlotte property owners can afford this price range so there will continue to be a lot of activity here. Higher activity means banks have less of a need to deal.
There are great deals on higher end homes. Many of these Charlotte NC Foreclosures are new homes! Charlotte custom homes builders are an accumulation of builders from across the country. They all swarmed here based on our market. They abandoned Florida and New York for Charlotte. Then based on the Charlotte Housing frenzy, they began building million dollar homes everywhere. Some were very well positioned, some subdivisions just outpaced the growth and others were just not very well considered.
One example of great opportunity is in Providence Downs South. This custom home community is spectacular. It has all of the expectations for a million dollar community but it simply grew too fast. many custom home builders gobbled up lots and built spectacular homes. The problem is that these buyers are now gone (or at least holding onto their funds for a rainy day). The home buyers were going to be the New Yorkers looking for a better life, the Floridian escaping the hurricanes and entrepreneurs from across the country ready to begin their newest business adventure.
New York and Florida lost much of their property values. There went the cash for their next million dollar home. Then there were the sales commissioned employee that purchased homes during the boom. The final group are the builders that built based on speculation. Many of these million dollar homes are vacant and there are fantastic deals to be had. Success is not by those making money in good times but successful people are the ones that positioned themselves to seize opportunity during the struggling times.
If you are looking for a deal that is too good to pass up, give me a call today. There are homes selling for less than they cost to construct. In a few years you will have enjoyed your home for a fraction of the cost and now have several hundred thousand dollars in equity! You really can not lose if you buy now at the right price.
Visit Charlotte Real Estate or call Rick Waite at 704.770.6559 today and together we will find you a great new home that you can not afford to pass up! | 
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