But if you did not jump on the home buyer tax credit train in time, there are still plenty of great reasons to purchase a home in our current market! 

Interest rates are currently at a 50 year low!  In many cases around Charlotte, buyers are able to purchase homes with less money per month than they currently pay in rent.  Even if you currently own your own home, now is a great time to transition into your next home.  With interest rates this low, payments on a larger home are often the same as your current home.  Whether you’re upsizing or downsizing, the savings can be tremendous.

Currently in Charlotte, we are in a buyer’s market.  If low interest rates are not enough to convince you to buy, consider the fact that many homes are currently on the market in Charlotte for unbelievably low prices.  Many times the owners of these homes are very motivated to sell.  This means a great deal for prospective buyers.

Last, consider the tax benefits of owning your own home.  With the suggestions above, you can currently buy a home in Charlotte at a great price, with amazing financing, paying less than you’re currently paying in rent, and at the end of the year you get to reap the benefits of owning your own home.  The ability to deduct mortgage interest and property taxes is icing on the home owner cake.

So, don’t be discouraged if you missed the home buyer tax credit, there are still a ton of exciting reasons why you should buy a home in the Charlotte area.

If you have any questions about the Charlotte Real Estate market or would like help finding the perfect home, don’t hesitate to give me a call!

This all changed this month when HUD decided to waive the rule and for the next year allow buyers to obtain FHA mortgage insurance on foreclosed bank owned properties as well as properties flipped by investors. There are a few limitations to the waiver, but for the most part, this will open up many opportunities for buyers currently looking for good deals.

Investors can now purchase these properties with confidence that they can renovate the home in as few days as possible and list it for sale quickly for any and all buyers to purchase.

If you’re interested in buying a foreclosed, distressed, or recently renovated home in the Charlotte area, and you’re searching for a great deal, give me a call and I can update you on the latest properties that fit your needs.