Phillip Auguste’s Newsletter Information
The Charlotte community has seen all the national and local news about the mortgage crisis. The housing landscape has changed, but that is not necessarily a bad thing. Will you need a down payment or find down payment assistance? Yes. Should you look for housing within your means? Yes. Should you educate yourself on all aspects of a housing purchase? Absolutely.
Amid the challenges in the current market, let me be just as quick to remind you there are many, positives to owning real estate, especially in the Charlotte marketplace.
For one home prices have fallen slightly. That impacts your ability to afford a home. According to the Case-Shiller Home Price Index, home values in Charlotte have dropped two percentage points since June 2007. Compare to the 52 -points drop in Las Vegas or the 45- point drop in Atlanta. We’re doing pretty well.
Although homes values in Charlotte have not seen a precipitous drop, buying a home today can still be a dream come true. Housing is an asset that can be passed along to your heirs. If you rent, you know your payments do not have the potential to create equity in the property, to say nothing of the potential tax benefits (consult your tax advisor) and pride-of ownership pluses to homeownership.
I’m a Real Estate Broker/Realtor in Charlotte NC and I service the Charlotte Metro areas, surrounding counties, and South Carolina. I will be the first to tell you the housing landscape has changed, but for educated home buyers, the current shift in housing prices and increased local home inventory could present a very attractive home ownership opportunity-right now!
For more information or to contact me, visit my website at http://www.PhillipAugusteRealtor.com. Start your journey to homeownership by contacting me so I can assist you with locating a lender www.allentatemortgage.com which is the first step to finding out how much you qualify for.
Phillip Auguste
Broker/Realtor Licensed in NC&SC
www.PhillipAugusteRealtor.
704-593-2204
704-426-7985 Mobile704-323-7399 Fax
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