Out of State Charlotte Real Estate Advice
Posted May 11, 2008
Does the Real Estate Advice Apply for Charlotte?
Have you noticed the new section of the Charlotte Observer on Sundays? They call it Real Estate Today. It’s a special advertising section for Charlotte real estate and homes for sale. Besides the listings and ads of Charlotte properties for sale, you will find a few articles about home ownership, buying a home or investing in real estate. This week they highlighted how working with a Realtor can help make the home buying process smoother.
I applaude the efforts to provide informative articles along with the homes for sale listings. But if you look closely, you will notice that the articles were mostly written from newspapers located in other real estate markets, like Milwalkee and Detroit. This should make you pay closer attention to what is being written.
Why is that a big deal? Ever heard the saying: “All Real Estate is Local”? This means that the real estate market in Charlotte North Carolina is different than the real estate market anywhere else. And today, this statement rings very true! With majority of the country in a declining real estate market, Charlotte’s real estate market is one of the few markets still growing! So getting articles from out of state does not reflect the market we are currently in!
So why doesn’t the Observer get local experts to write the articles? I don’t know. I have not aked them yet. Maybe they don’t want to offend one Charlotte real estate office by having another one write an article. That could hurt the ad space they are looking to sell. Or maybe it is so new they just haven’t found someone to help.
Either way, as a reader you must pay attention to these small details. Otherwise, if you believe everything the media is pushing right now, you would think that every 3rd home is a foreclosure that you could buy for 1/3 the price you should pay. Sure, foreclosures in Charlotte are up; however Charlotte is in North Carolina, not California and we are not seeing the kind of loss of value that California and other markets are.
Ed Nailor is a mortgage specialist with Residential Mortgage Center.
Residential Mortgage Center is a HUD approved Mortgage Lender offering FHA and VA loans, in addition to the hundreds of other conventional and jumbo mortgage loans available. We proudly serve home owners and home buyers in the Charlotte area (including Concord, Gastonia, Matthews, Monroe, Huntersville and Ft. Mill as well as all of North and South Carolina.)
Apply online for your Charlotte area mortgage loan
or call 704-651-8704 for your free mortgage consultation.
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