Are There Still Real Estate Deals to be Found in Charlotte, NC?

Our agents Cackie Morrow & Aubrey Grier recently shared tips that were featured on Charlotte Stories for finding a deal in Charlotte’s real estate market, even as prices continue to increase and inventories remain low.

1. Find A Well-Connected Buyer’s Agent -When real estate inventory is low, homes can often get bid up above their value, so the best deals can occasionally be found on homes that haven’t hit the market. Well-connected buyer’s agents are the key to finding these.

2. Getting Creative With Terms - Cackie says, “I was able to help a client purchase a home in Plaza Midwood that had four offers in the first 12 hours on market, knowing someone might come in with cash & my buyer was purchasing with a loan, I advised my client to waive their right for an appraisal & our offer won! Knowing the value & the market I knew the house was worth more than purchase price. Terms are often what can win you the deal even over price."

3. Finding a Fixer-Upper - Aubrey says, “Buying a home that needs lipstick is where a buyer can potentially find a deal. Charlotte’s current buyer wants move-in ready homes. They don’t even want to paint. It’s a huge change in trend from 10 to 15 years ago. Deals can still be found if a buyer is willing to do some work, because those homes are less desirable currently than in the past, but that is where money can be made in our market.”