Olan Carder

All you hear about is how high inventory is and the negative effect it has on prices in Real Estate. I understand that what you hear from the media are national numbers, but honestly even I assumed Charlotte inventory has to be pretty high right now.

This past weekend I decided to drive around and drop in on some open-houses and meet some new agents. I started by looking on the Internet to find some open houses that were near my house. I blocked a couple hours and hit the road.

First of all, I was suprised by how few open houses there were to visit. I figured there would be a lot more... Second, I was very suprised by how few houses were listed for sale around my area. I really thought I would see a lot more, and it has me thinking...

Is Charlotte Inventory high or low right now??

Olan Carder
www.charlottemortgageonline.com

YES! YES! YES!

Consumers have gotten the idea that mortgage lenders don't have money to lend! NOT TRUE.

I am a lender in Charlotte, NC, and we are doing just fine. Rates are low and loan programs haven't changed all that much. The main scenario that have gotten tough to find or more expensive are:

• Stated Income
• Investment Properties
• Condos (a little tougher but still available)
• Buying new homes before current home is sold (holding 2 homes)

People looking to buy for the first time can find plenty of financing programs. Credit guidelines have gotten a little more strict but not bad. It is just back to common sense. The bottom-line is that if you want to buy real estate... NOW is the time!

Olan Carder
www.charlottemortgageonline.com