Why Should You Consider Buying Now?

Buying a home now in the Charlotte area means you'll be able to take advantage of some key benefits the marketplace is offering.

Looking to buy in Charlotte?  Get a full home search

 Looking to sell in Charlotte? Get a free Home Price Evaluation

A lot of people don’t even entertain the possibility of buying a home in the fall or winter months. Contrary to popular belief, we think that this is a great time of year to buy a home. Here are five reasons why:

1. Less competition. For houses that are on the market, there are fewer buyers right now. There aren’t as many people to compete against for the best houses, giving you a better shot at securing them.

2. Tax advantages. If you buy towards the end of the year, closing costs and property taxes would be deductible. These benefits are unique to home buying.

3. Close faster. The main reason transactions close faster during this time is because there aren't as many transactions. Attorneys, inspectors, and lenders have less work, so the process moves along a lot faster.

“

The process moves along much quicker in the fall.

”

4. Motivated buyers. They want to get moved and settled in before the holidays.

5. Lower interest rates. The Fed is suggesting that they will increase interest rates next year. Buying now means saving a lot on your loan long term.

If you have any questions for us or you are looking to buy or sell soon, give us a call or send us an email. We would love to hear from you.

Ideas to Help You Win a Multiple Offer Situation

Looking to buy in Charlotte?  Get a full home search

 Looking to sell in Charlotte? Get a free Home Price Evaluation

How do you win a multiple offer situation? Charlotte is a pretty busy, competitive marketplace, so we run into this scenario a lot, and you may have as well. There are, however, ways around it, and we’ve got some ideas for you:

1. Get fully-approved. Take the next step instead of just having a pre-approval letter. That will make your offer almost as good as cash.
2. Call the other agent and have a conversation. This is one we like to do to find out what this seller is looking for. Is a high earnest money deposit important to them? Or an extended move-out date? We like to know what their situation is so that we can cater our offer to fit exactly their wants and needs.
3. Guarantee the appraisal. Appraisals are always a big deal. One way you can win is to guarantee yours.
4. Write a contract stating that our offer will always be $500 above the next closest offer.

Those are just a few, but we’ve always got more! If you have any questions, just reach out to us by phone or email.

Shave 8 Years Off Your Mortgage

Looking to buy in Charlotte?  Get a full home search

 Looking to sell in Charlotte? Get a free Home Price Evaluation

As most of you probably know, there are 30-year mortgages and there are 15-year mortgages. Even though 15-year mortgages are probably the better option, most people can’t afford it.

Fortunately, there is one simply thing you can do to turn your 30-year mortgage into a 22-year mortgage: make one extra payment a year.

You can either make an extra payment all at once, or you can add 1/12 of your mortgage payment to your monthly payment.

For example, if you pay $1,000 a month for your mortgage, simply add another $80 to make that extra payment. Then, in 22 years, you will have paid off your loan!

If you have any questions, give us a call or send us an email. We would be happy to help you!