Hembstead, Cul de Sac Home For Sale in South Charlotte for Under $500,000
Hembstead is located in the heart of South Charlotte at the intersection of Providence Road and Rt. 51 Pineville-Matthews Road . Hembstead is a popular south Charlotte community with loads of curb appeal, larger lots and tree lined streets. It is a short walk to the Katz’s Deli, Michael’s or the Arboretum.
Check out these schools at www.ncreportcards.org, Elizabeth Lane Elementary, South Charlotte Middle and Providence High School, schools people move into this area for…
2501 Howerton Ct is a master down open floor plan plan, with 3 bedrooms, 2 baths and a 4th bedroom or bonus up. On .55 acres, of very flat yard, there is room to play, have fun, or put a pool in and still have plenty of room. The stucco has been certified by RD McClure.
Charlotte home buyers frequently ask me, which is a better buy, a foreclosure or a short sale? Which
Short Sale? Foreclosure?
is preferable to buy?
That’s 2 big questions, first you will need to know the key differences. Let’s get started with the basics.
If you are buying a foreclosure, you are buying a bank-owned property, or REO. (Real Estate owned)
This could be owned by the bank itself, or it could be owned by Fannie Mae, or HUD, the companies that bought or insured the loan. These are non-personal corporate entities, and frequently relatively easy to deal with- easy as long as you follow their rules and jump through their hoops. But you do get answers. And, the sale is being managed by asset liquidators, people charged with selling the property efficiently.
If you are buying a short sale, the property is still titled in the original owners name.
They, the Sellers, will have to submit your offer, as well as their hardship letter and financial s, to the bank, and get the the bank’s loss mitigation department’s approval, before this sale can go through. Why? Because, the Buyer offer amount is insufficient to cover the the existing mortgage, and pay all the expenses (commissions, revenue stamps etc) of sales… so, the lender will have to be willing to take less than the full note amount to satisfy the lien, and this lessser amount is the reason is is called a “short” sale. you will also be dealing with a bank’s “loss mitigator” as opposed to a liquidator, and it makes a difference.
What are the advantage to the Seller of the Short sale?
Primarily helping to keep their credit more intact. The Seller’s credit will suffer with a short sale, but not like a foreclosure, which is more damaging and will hang around much longer.
Advantages to buyers...
The Advantages to a Buyer
Obviously, you can get a great house for a whole lot less than you could have a year or two ago. Home prices have already fallen back to2003 levels in most parts of the city- if you could then take another 10 or even 20% off that price- wow, that is a lot of house for Not a lot of money- that’s why they are becoming so popular among Buyers. [click to continue…]
The Palisades at Lake Wylie, custom homes on Grand Palisades parkway, across from the Clubhouse.
On a golf course, a private club, a house that is a true custom home, inside and out… at Lake Wylie, with walking trails, and, a local bank that will have an answer to your offer in 24-48 hours— NOT your typical short sale.
More pictures and a slide show are coming, but this home features a spare no expense gourmet kitchen, a luxurious master bath, granite in all the bathrooms, and each bedroom has a bath, a theater room, a game room with a bar, and exceptionally unique tower or turret above- and an outside grill area and water feature off the master bedroom.
Walk onto the fairway from your back yard, but a nice stand of trees separates your house from the “shanks”…that and the house over looks the golf course. Out the front door you can walk to the clubhouse, or the swim and tennis center down the street. This is our listing, and 922777Full listing details here
Here are a few pictures from the Palisades
For help on this home, or any other Short sale, foreclosure, new or re-sale, please call me direct at 704-351-1519
Time is Running Out if You Want to Buy A Short Sale AND Take The First Home Buyer Tax Credit
It is well known that first time home buyers love short sales… and love that first home buyer tax credit. If that is you, time is of the essence. Since you have to be under contract by April 30 to qualify of the tax credit, you need to get your offer into the bank in the next week- you will be frozen out if the bank goes beyond April 30 to respond to your offer.
Do you think the bank will care if it goes beyond the April 30 deadline? I wouldn’t count on it. I would hope that most would do their best to get answers back before April 30- but the banks have shown no interest in the Buyer’s welfare before, so I don’t think they will start here.
The average time of response is 30-60 days. Better get Cracking! Then- even if approved, still no way of knowing if we can get it closed by June 30- though if we get it approved by April 30… closings generally happen faster than that.
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We are Short sale experts- Experts in the buying and selling of short sale and foreclosure properties. We can help keep you out of foreclosure, or acquire a short sale CHEAP.
Why would you want to buy a short sale? Easy- you help a Seller out of trouble and you save tons of cash. No, you aren’t “taking advantage of them.” Quite the contrary, someone is going to get a good deal, either on the short sale, or if unsuccessful in the short sale, then in the foreclosure. A Short Sale is greatly preferred by the Home Seller.
A Real Estate Market Report: The Reserve- Homes Sold, Homes for Sale
The Reserve is a popular Waxhaw community at the corner of New Town Road and Crane, just a few minutes to Rea Road to take you to Ballantyne, Uptown, or to the airport. Schools are the well regarded Sandy Ridge Elementary, and [...]
The articles on this site should not be taken as real estate or financial advice. All suggestions are followed at your own risk and should be followed up with your own research. We strongly recommend you consult your attorney and /or accountant before making any investment. Also, all articles offer honest and genuine opinions about topics, products, and services of the authors. At this time we receive NO compensation from any vendor, builder/developer ot other party. The opinions, good and bad, are our own. That said, the general rule I follow is, "If you don't have something nice to say, don't say it." This rule does Not apply in discussions with Clients.
