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Old 05-06-2009, 10:17 AM
 
38 posts, read 86,974 times
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Actually to me its a good thing but is it too good to be true?

I along with my future wife will be first time home buyers and we are absolutely amazed at how inexpensive homes are in and around the Charlotte area. I look online and find pages and pages of 3-4 bedroom homes with 2-3 baths for well under 120K. A lot of them are beautiful.

Am I correct in thinking that we can literally purchase our first home (which looks more like our dream home compared to what we can get in Roanoke, VA) for under 120K and still be in a great/safe neighborhood close to all the action?


amazed.................please don't burst my bubble
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Old 05-06-2009, 10:20 AM
 
Location: State of Being
35,879 posts, read 77,448,814 times
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Well . . . I guess it all depends on WHERE these houses are located . . .
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Old 05-06-2009, 10:20 AM
 
Location: Charlotte, NC
3,365 posts, read 10,019,579 times
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For a 3-4 bed home in a great /safe neighbourhood, I think you need to look nearer the $160 range
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Old 05-06-2009, 10:30 AM
 
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No... you can be in a safe neighborhood for less than 160. there are plenty of places in the University or NE are that fall b/w 120-160. Many in established neighborhoods.

Don't let folks convince you that South Charlotte is the only "safe" area in Charlotte
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Old 05-06-2009, 10:42 AM
 
1,367 posts, read 5,738,525 times
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Yeah, you REALLY need to check out the neighborhoods where those are located. When we were moving out from IL last year it seemed like there were TONS of nice houses for super cheap... but a lot fo the ones that looked good were in crappy neighborhoods.

However, we did find a nice house (albeit in need of renovations) with 3 bedrooms, .25 for well under 100K but it is in Kannapolis, not Charlotte. So, I'm sure you can stay in that 120K price range, but you may need to widen your search and check into neighborhoods before getting too excited. Or spend a little more $$$.
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Old 05-06-2009, 10:44 AM
 
841 posts, read 1,431,454 times
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And then there's the issue of finding a bank making loans.
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Old 05-06-2009, 11:01 AM
 
38 posts, read 86,974 times
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I don't know if I'm allowed to do this but here is an example of one:

8328 Highlander Ct, Charlotte, NC, 28269 - MLS ID#846880 - Single Family Home real estate - REALTOR.comĀ® (http://www.realtor.com/realestateandhomes-detail/8328-Highlander-Ct_Charlotte_NC_28269_1107877375 - broken link)

It's outdated and could use some TLC but is this neighborhood sketchy? I just don't have these types homes in rough areas here I guess that's the difference.

Another

http://www.realtor.com/realestateandhomes-detail/14050-Dingess-Rd_Charlotte_NC_28273_1108226596 (broken link)
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Old 05-06-2009, 11:04 AM
 
Location: South Charlotte
1,435 posts, read 5,766,427 times
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Quote:
Originally Posted by lowercountry View Post
And then there's the issue of finding a bank making loans.

All of them are loaning money out. To be honest it's pretty simple to get a loan right now. There are FHA programs that will lend with 3.5% down and moderate credit scores.
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Old 05-06-2009, 11:09 AM
 
Location: Up above the world so high!
45,218 posts, read 100,681,934 times
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Quote:
Originally Posted by HomlessTraveler View Post
Actually to me its a good thing but is it too good to be true?

I along with my future wife will be first time home buyers and we are absolutely amazed at how inexpensive homes are in and around the Charlotte area. I look online and find pages and pages of 3-4 bedroom homes with 2-3 baths for well under 120K. A lot of them are beautiful.

Am I correct in thinking that we can literally purchase our first home (which looks more like our dream home compared to what we can get in Roanoke, VA) for under 120K and still be in a great/safe neighborhood close to all the action?


amazed.................please don't burst my bubble

Sorry to burst your bubble, but under $120,000 IN Charlotte won't get you in very good areas. Sorry.
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Old 05-06-2009, 11:11 AM
 
Location: Up above the world so high!
45,218 posts, read 100,681,934 times
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Quote:
Originally Posted by baybook View Post
No... you can be in a safe neighborhood for less than 160. there are plenty of places in the University or NE are that fall b/w 120-160. Many in established neighborhoods.

Don't let folks convince you that South Charlotte is the only "safe" area in Charlotte
$160,000 yes, but the OP said "under $120,000".
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