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Finding Real Estate For Sale
from:Finding real estate for sale is easier today than ever before. Obtaining listings from websites means you no longer have to drive around town looking at homes with for sale signs or wait for an appointment with a real estate agent. With this in mind, if investing is your strategy, remember that simply purchasing a property to resell or rent to tenants is not the end of the story. Smart real estate investors look for properties that are below market value. A good way to find these is to look at foreclosures. Some homes that have been foreclosed on will be ready to rent or resell at a profit. Other buildings may need renovations or updates in order to sell them. Working with a trusted real estate agent who specializes in foreclosures, knowing what you are investing in ahead of time by carefully looking the property over and making the best deal you can will help insure that you come out ahead of the game.
Getting your hands on foreclosure listings
Obtaining and reading a listing of properties that have been foreclosed on can have its advantages. Ideally a listing will have a photo of the property as well as any pertinent information about the property. You will know ahead of time what features and amenities the property has. If you are planning to purchase the property strictly as an investment, these features can be strong selling points. Other pertinent information will include the asking price, which usually can be negotiated even on a property that has been foreclosed on. The lot features such as lot size, sewer and utilities should be listed as well as building interior and exterior features. If appliances are going to stay they will be listed as well. Homes that have been foreclosed on will not have a tenant or homeowner there so the real estate listing will be your main source of information. This also generally means possession after closing is immediate so there is no wait for the current tenants to move out. This is the best way to make a quick turn around on your investment. It is also imperative that you do get a listing of foreclosed properties, either from a bank, credit union, mortgage company, real estate agent or online. Most of these properties will not have a real estate for sale sign in front of them until after they have been put on the market which could mean less negotiating power for you. Many times the companies that have repossessed the properties will send someone around to do repairs or other updates to the property before they are listed with a real estate agent. Making an offer on these properties before that happens can lead to a win-win situation for everyone involved.
Charlotte Real Estate Specific links
Charlotte Real Estate News
Lake Norman Realty fetches $4.4M for Mooresville mansion - Bizjournals.com
Lake Norman Realty fetches $4.4M for Mooresville mansion Bizjournals.com Chateau Lyon, a mansion on Lake Norman, has sold for $4.4 million to the owners of Morris Costumes in Charlotte. Agents with Lake Norman Realty Inc. have fetched a high price on a Mooresville mansion for property owner BB&T Corp. |
McCrory calls for Dalton to pledge to run clean campaign - News & Observer
 abc11.com | McCrory calls for Dalton to pledge to run clean campaign News & Observer During an appearance in Raleigh, the former Charlotte mayor struck back at a Democratic produced TV commercial that raises questions about his role in lobbying to keep Tree.com, a lending and real estate company, headquartered in Charlotte and then ... McCrory, Dalton up in arms over campaign ads |
Brackett Flagship revives medical office park plans - Charlotte Business Journal
Brackett Flagship revives medical office park plans Charlotte Business Journal In its first major development since a merger brought two Charlotte real estate companies together, Brackett Flagship Properties is starting a $10 million medical office project in Harrisburg. The initial building in Harrisburg Medical Park was ... |
Looking for hidden value in real estate - Westfair Online
Looking for hidden value in real estate Westfair Online by Janice Kirkel That's the mantra of the principals of LRC Opportunity Fund, a commercial real estate firm in Rye Brook that looks for mismanaged properties, undervalued assets, undercapitalized owners, distressed sellers and underserved markets, ... |
Plaza Midwood to get 53-unit apartment project - Charlotte Observer
Plaza Midwood to get 53-unit apartment project Charlotte Observer This is the firm's third infill apartment community in Charlotte. The other two, The Davy and Arden, are in the North Davidson arts district near uptown. Commercial real estate developers and investors have been flocking to build apartment complexes ... Lat Purser to develop apartments in Plaza Midwood |