Charlotte is a very desirable place to live, work, and play. The weather changes with each season but not too much change! The afordability of a home is now the LOWEST it has been in many years. First time home buyers now can get a $8,000 tax credit if they buy a home between now and December 1st. A first time home buyer is defined as someone who has not owned a home within the last three years. Banks now have money to loan! Buyers should start to realize that now is a GREAT time to buy homes. HOME AFFORDABILITY BEST IN YEARS. Buyers have the best of both low home prices AND very low interest rates. Investors are finding great values in the Charlotte market. This is the best time in many years to also purchase investment real estate. Remember more wealth has been made in real estate than any other investment. U. S. Airways has a major hub here with many non-stop destinations available. Cabarrus County which is just Northeast of Charlotte, is set for major growth in the two cities of Kannapolis and Concord with the coming of the New North Carolina Research Campus. This is a major Bio campus with laboratory buildings already being constructed. This will be five years in the building at a cost of over one Billion Dollars. It will be financed with 90% private money. David H. Murdock is the primary investor in this business venture. Over 15,000 new jobs will be created and many of these will be bio tech and engineering jobs.
New 55 plus communities are VERY popular all over and builders have started several nice projects here. Sun City in upper South Carolina near Charlotte will have over 4,000 homes and be a city within itself. A new Active Adult community called Bailey's Glen is being built in Cornelius just north of Charlotte and will have over 300 single family homes and over 90 condos. This is a very desirable area near Lake Norman. You will be near a large lake and some very nice golf courses! These kind of projects usually are built with one level dwellings, have a club house, pool, and all yard work is provided in the HOA fees. And these very desirable communities are for ACTIVE adult.
If you have been thinking about adding real estate properties to you investments, now is a GREAT time to consider a real estate investment. HAVE YOU CONSIDERED REAL ESTATE FOR YOUR 401k? The affordability rate is at an all time low here. There will probably not be a better time to purchase real estate to accumalate wealth for many years to come.
Use a property manager to manage your property and you do not need to concerned about finding a tenant or collecting the rent payments! A 20 Per Cent down payment will give you many tax advantages and the tenants will be paying off your mortgage payment!! For any of your real estate needs or questions contact Bill Selby, Realtor ABR, SRES... email: bselby@kwcharlotte.com or call Direct at 704-577-1742.
Approximate Location Boundaries: Charlotte, Mint Hill, Matthews, Harrisburg, Lake Norman, Huntersville, Cornelius, Davidson
Location Characteristics: Charlotte is the Queen City of the South. She gets her name from Queen Charlotte in England. It is the largest city between Washington and Atlanta and is a large distribution center.It is a hub for U.S. Air LInes with direct connections all over the U.S. It has an international airport serving the needs of national and world travelers. It is the home of Bank of America. Wachovia Bank, a Wells Fargo Bank company, is also located here for the Eastern U.S. Banking Business of Wells Fargo Bank. The University of North Carolina at Charlotte, Johnson C. Smith University and Central Piedmont Community College are all strong in their respective education systems. Pro-sports consist of the Carolina Panthers football team and the Bobcats basketball team. Nascar has a big presents with many race car drivers and teams here and the Nascar Hall of Fame will be located in Charlotte also.
Several of the best hospitals in the country are here along with many related medical services. There is a strong art culture here and a new culinary school has just located here called Johnson and Wales.
The City of Charlotte is known for its beautiful large trees and green grass yards. Lake Norman and Lake Wylie are near by with plenty of recreation available. The beaches are only 3 hours away and the mountains are just 2 hours away.
The weather is very seasonal with beautiful falls and springs and mild winters to enjoy. This makes for a long growing season as well as much good weather for all types of construction of residential communities and commercial projects.
About Bill Selby:
With over 30 years as a local Realtor, knowing what buyers and sellers need is what I am all about. I know the right questions to ask. Using my experience and knowledge I am able to make clients feel and know that they are working with a true professional. I am also associated with Keller Williams Realty which is the fastest growing national real estate company with over 80,000 agents. All the company real estate agents are continually receiving the most advanced training in the industry both from the local and the national. The most enjoyable part of my work is to help people with their complete real estate transaction from beginning to end. I have helped many people who are relocating here and help make the move easy and fun. I am licensed in both North Carolina and South Carolina. I have the Seniors Real Estate Specialist (SRES) designation and I help seniors with their real estate sale or purchase and also provide them with Senior Care Providers thru the local Ageing Resource Network in Charlotte. I also have over 10 years as Real Estate Trust Manager for one of the largest commercial banks. This has given me experience with all types of property including retail shops, mini-warehoused, strip centers, timber land, apartments, acerage and vacant land. This includes both the management and sales of these assets.
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
