Cheryl Powell, ABR, Broker, Realtor - Remax Gold - Concord NC Real Estate

A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. A Realtor can help you through this process and negotiate with the bank on your behalf.

What does this mean for you as a BUYER? Because of the current mortgage crisis and the large number of homes that are facing foreclosure, there are many short sale listings currently available for purchase in Cabarrus County North Carolina and the surrounding areas. These homes are available at BARGAIN prices, so they can be sold quickly, before the bank forecloses on the property. This is a WIN WIN for you and the current homeowner.

So, If you are currently in the market to purchase a home in the Cabarrus County NC area and would like the help of a Realtor who has experience representing Buyers in short sale deals, GIVE ME A CALL! I'll help you find a great home at a great price!

A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. A Realtor can help you through this process and negotiate with the bank on your behalf.

What does this mean for you as a BUYER? Because of the current mortgage crisis and the large number of homes that are facing foreclosure, there are many short sale listings currently available for purchase in Charlotte North Carolina and the surrounding areas. These homes are available at BARGAIN prices, so they can be sold quickly, before the bank forecloses on the property. This is a WIN WIN for you and the current homeowner.

So, If you are currently in the market to purchase a home in the Charlotte NC area and would like the help of a Realtor who has experience representing Buyers in short sale deals, GIVE ME A CALL! I'll help you find a great home at a great price!

A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. A Realtor can help you through this process and negotiate with the bank on your behalf.

What does this mean for you as a BUYER? Because of the current mortgage crisis and the large number of homes that are facing foreclosure, there are many short sale listings currently available for purchase in Kannapolis North Carolina and the surrounding areas. These homes are available at BARGAIN prices, so they can be sold quickly, before the bank forecloses on the property. This is a WIN WIN for you and the current homeowner.

So, If you are currently in the market to purchase a home in the Kannapolis NC area and would like the help of a Realtor who has experience representing Buyers in short sale deals, GIVE ME A CALL! I'll help you find a great home at a great price!

A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property. In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. A Realtor can help you through this process and negotiate with the bank on your behalf.

What does this mean for you as a BUYER? Because of the current mortgage crisis and the large number of homes that are facing foreclosure, there are many short sale listings currently available for purchase in Concord North Carolina and the surrounding areas. These homes are available at BARGAIN prices, so they can be sold quickly, before the bank forecloses on the property. This is a WIN WIN for you and the current homeowner.

So, If you are currently in the market to purchase a home in the Concord NC area and would like the help of a Realtor who has experience representing Buyers in short sale deals, GIVE ME A CALL! I'll help you find a great home at a great price!

Some segments of the real estate market in Concord North Carolina may be experiencing slower than average sales this year, however basic starter homes are still fairly HOT properties in the current market.

I do a lot of searches for first time home buyer clients, who are looking for a basic 3 or more bedroom, 2 full baths or more, 1 or more car garage home that is priced up to $150,000. Homes matching this criteria in Concord that are in good condition and priced competitively are selling quickly. Right now, this search produces 87 active properties and 39 under contract properties (including conditional, contingent & pending). I say, that's not bad for a "slow" market... that's over 30% of these homes currently under contract!

162 properties matching this search criteria have closed between 1/1/2008 and today 10/3/2008, compared with 202 for the same time period in 2007. A Comparative Market Analysis of these sales provides the following information:

The comparison of the properties sold during these two periods, shows that buyers are getting more square footage or their money this year. So, now is the time for buyers to get good value for their investment in Concord NC real estate!