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We are looking to relocate to the Waxhaw area and I was wondering how is the real estate market for work? My dh is a realtor in Florida and he would love to do it there as well. When we've spoken to other realtors in Charlotte everyone says it has slowed a little but that you can still make good money. I was wondering what everyone here felt about it? You kind of wonder if they are trying to sell you so you will buy a house! Thanks for your input, it really does help.
We are looking to relocate to the Waxhaw area and I was wondering how is the real estate market for work? My dh is a realtor in Florida and he would love to do it there as well. When we've spoken to other realtors in Charlotte everyone says it has slowed a little but that you can still make good money. I was wondering what everyone here felt about it? You kind of wonder if they are trying to sell you so you will buy a house! Thanks for your input, it really does help.
Personally, I think the market here is great. I came from NJ doing real estate and things were not so hot there. Only thing here that is different is that I find people are in a lower price range because you can actually find a home for $100-$200K whereas in NJ you couldn't even get a condo for that much!
First of all, do you think you're getting an unbiased opinion if all you're talking to are realtors? What do you think they would say? Of course most of them will paint a rosier picture than it truly is.
The market is super if you are a buyer w/no contingency looking to relocate to Charlotte. There are TONS of houses (resales and new construction) that are desperate for qualified buyers.
If you are a seller here, the market is awful. The metro area is flooded w/inventory (new and resales). Sellers cannot complete deals alot of times because people from other parts of the country can't sell their homes. Its only going to get worse for them.
Do your due dilligence and spend time w/people who have recently bought or sellers looking to sell and I'm sure you'll get an honest opinion, which is what you want.
I was being honest with my answer. Like I had said previously, I came from a depressed market in NJ so I think this area is great. I do agree that there is alot of inventory and lots to pick from so it makes it harder on a seller, especially competing with new construction. I was just basing my answer on my experience with making money here in real estate vs. the Northeast.
I was a realtor in NJ for 6 years up until recently when we moved, and I thought about doing it here but that is another story...real Estate is very different here than there, coming from the northeast yes you will certainly make money..on the flip side of that Keith is correct and its all in the buyers and new construction, and I will say by keeping myself in the Loop as Im n o longer active, but always try to know the market im in, Even New Construction isnt hopping like it was, and as the market gets worse in other places people WILL be spending less money which can be a good thing for those mainstream developments that have something for everyone.. I have a friend in Wesley Oaks and well they are already in negotiations, she is the seller her house has been on the market 8 days and its almost 2 years old..so its always right time and right place...I know alot of my realtor friends in NJ are dying for business and everyone wants something for nothing...However this market here in charlotte hasnt seen bad yet, and I so hope it doesnt for a long time..The difference as well as MOST homes here arent over inflated like they were in NJ or NY...so basically the homes that are priced right for what they have to offer will sell..the others wont..
good luck to you Ive decided to not do real estate here in NC...
Here's the BOTTOM LINE. Charlottean SELLERS must face the music and DROP their home sales price ! I don't care how many news links rave about how great Charlotte handled the overrated real estate market compared to other areas in the country. The "trickle effect" from the entire country is happenin right now in Charlotte when it comes to selling homes especially if the sale price starts with a "4" and UP. That's what's occuring in the North. If you wanna sell in this market, drop the sale of your home by 10% - 20% if you're selling for more than $400,000 now before it's too late or take your property OFF the market! Tomorrow is a HUGE day for the banks when they set the market rate for banks borrowing money. Hopefully it will drop to 4.75% as speculated. Not to be confused with prime rate. SELLLERS drop your prices NOW or you're gonna sit for awhile like me ! Buyers without contigency this is YOUR time !! Take my advice on this one !
Hmm... interesting the trend of this topic. The Waxhaw area is an excellent area. Union County in particular has some unique market advantages based on the issues posed by the water/sewer restrictions. This should make Waxhaw an excellent area to not only purchase, but practice Real Estate for some time. For a better understanding of the water & sewer issues give me a call or contact planning.
Sellers need only listen to the market in order to sell quickly, it's listening that's the key.
Hmm... interesting the trend of this topic. The Waxhaw area is an excellent area. Union County in particular has some unique market advantages based on the issues posed by the water/sewer restrictions. This should make Waxhaw an excellent area to not only purchase, but practice Real Estate for some time. For a better understanding of the water & sewer issues give me a call or contact planning.
Sellers need only listen to the market in order to sell quickly, it's listening that's the key.
Yep this is very true...and at the end of the day certain Resale developments will definately keep appriciating especailly when there will be no where else to build and in my area and also with the sewer issues here, the new construction will slow down, and with new retail coming and having beautiful stores and such the properties will appriciate it...What people dont realize is homes here DO NOT appriciate like they do in the NOrth why because the North is way overpriced....and they never went through a Correction the prices just kept dropping and dropping and people cant give their homes away...However it also depends where you are located...certian markets in some states are doing well...and there will ALWAYS be people buying homes as long as company relo...so I guess it could go either way...Sellers need to look at what the market in their area is doing...obiviously if your overpriced the home isnt going to sell....and if you dont have a good agent or as a fsbo you arent marketing well then that contributes as well to home not selling...
Here's the BOTTOM LINE. Charlottean SELLERS must face the music and DROP their home sales price ! I don't care how many news links rave about how great Charlotte handled the overrated real estate market compared to other areas in the country. The "trickle effect" from the entire country is happenin right now in Charlotte when it comes to selling homes especially if the sale price starts with a "4" and UP. That's what's occuring in the North. If you wanna sell in this market, drop the sale of your home by 10% - 20% if you're selling for more than $400,000 now before it's too late or take your property OFF the market! Tomorrow is a HUGE day for the banks when they set the market rate for banks borrowing money. Hopefully it will drop to 4.75% as speculated. Not to be confused with prime rate. SELLLERS drop your prices NOW or you're gonna sit for awhile like me ! Buyers without contigency this is YOUR time !! Take my advice on this one !
I don't think you read the op's question at all - you just saw the title and jumped on your soap box.
The question is, how is the Charlotte real estate market for those wishing to work as realtors after moving here.
In my opinion, the market is a bit saturated with realtors in Charlotte. One would need to get to know the city very well first, then select a specific area to represent to build a name and client base. This would take time for someone new so you would want to have another source of income for at least a year.
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little help from your friends!
I have a friend in Wesley Oaks and well they are already in negotiations, she is the seller her house has been on the market 8 days and its almost 2 years old..so its always right time and right place...I know alot of my realtor friends in NJ are dying for business and everyone wants something for nothing...However this market here in charlotte hasnt seen bad yet, and I so hope it doesnt for a long time..The difference as well as MOST homes here arent over inflated like they were in NJ or NY...so basically the homes that are priced right for what they have to offer will sell..the others wont..
