Danielle Edwards

RE/MAX Executive

Danielle Edwards with RE/MAX Executive

Charlotte Real Estate Market Update April 2025

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What’s Really Happening in Charlotte’s Real Estate Market?

The Charlotte Real Estate Market Update April 2025 reveals a shift that matters to both buyers and sellers. This month’s numbers show a significant change in pricing and inventory, signaling a more competitive landscape.

The median list price has dropped to $439,900, a sharp 15.9% decrease from March. Meanwhile, inventory has grown to 2,481 active listings, a 5.8% month-over-month increase. Even more telling—229 new listings hit the market in just the past five days.

What the Numbers Mean for You

For Buyers

With inventory on the rise, buyers now have more options—and more negotiating power. However, homes in sought-after neighborhoods like South End, Steele Creek, and Plaza Midwood are still drawing attention. Move-in-ready homes continue to attract multiple offers, so acting quickly on the right property remains essential.

For Sellers

Increased competition means presentation and pricing are key. Homes with updated features, energy-efficient systems, and great curb appeal have a distinct edge. This is not the time to overprice or delay staging—buyers are watching closely, and the best homes still go fast.

Market Stability: Days on Market & Local Trends

The median days on market remains steady at 40 days, showing that properties are still moving at a healthy pace. However, with more homes available, it’s critical to make yours stand out.

️ Economic Factors Still Driving Demand

Charlotte’s strong job market and continued population growth continue to support demand, but rising interest rates and construction costs are putting pressure on affordability. These factors are influencing not just what people can buy—but how quickly they need to decide.

Ready to Take the Next Step?

Whether you’re a first-time buyer, a seller preparing to list, or just keeping an eye on the market, understanding these shifts helps you make smarter, more confident decisions.

Ready to talk strategy? Let’s connect and make your next move count.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer, Lyndsay, on her relocation. info@soldondanielle.com | 704-604-2999 | Charlotte Real Estate Agent | Selling Charlotte since 2006 | Visit my YouTube Testimonials

Housing Market Update: National Trends Meet Charlotte’s Reality

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National Housing Market Update: A Mixed Bag of Recovery

The housing market update for March 2025 reveals a national market trying to gain momentum but still facing headwinds. According to the MBS Highway National Housing Index, the market nudged up 4 points to an index of 45, showing slow improvement but still signaling a contraction (with 50 as the breakeven point).

Buyer activity is showing more life, rising 7 points to hit 45, but price direction has stagnated after three months of moderate gains. While some regions like the Northeast, Midwest, and Northwest show solid increases in activity, the Southeast and Southwest—including parts of North and South Carolina—remain below breakeven, hovering at 38 and 40, respectively.

Charlotte’s Housing Market: Holding Strong in Uncertain Times

While the national outlook is cautious, Charlotte’s real estate market is telling a more stable story. The Queen City continues to hold its ground, offering both buyers and sellers a relatively balanced environment.

Infographic showing national housing index and buyer activity gains alongside Charlotte’s median home value and sale price for March 2025.

Home Values and Pricing Trends

Charlotte’s median home value has climbed to $393,531, a 0.9% year-over-year increase (source: Zillow). Meanwhile, the median sale price sits at $411,000, reflecting a 2.8% uptick compared to March 2024 (Redfin).

Market Activity: Balanced and Competitive, But Manageable

Homes in Charlotte are spending an average of 37 days on the market, and sellers typically receive two offers per listing (Realtor.com). This healthy level of activity indicates a balanced market where neither buyers nor sellers dominate—great news for anyone entering the game in 2025.

Charlotte Market Snapshot: Quick Recap

  • Median Home Value: $393,531 (+0.9% YoY) [Zillow]

  • Median Sale Price: $411,000 [Redfin]

  • Average Days on Market: 37 days [Realtor.com]

National Pricing vs. Charlotte’s Steady Growth

Nationally, price growth has stalled, and some regions are even seeing slight declines. However, Charlotte’s real estate market bucks that trend. Thanks to ongoing local developments like South End’s Queensbridge Collective and Dilworth’s Radius Dilworth apartments, the city maintains steady demand and price appreciation.

Additionally, limited inventory continues to support prices. With only about 3,200 active listings, down 3% from last year (The Luxury Playbook), competition remains healthy but not overwhelming.

Is It a Buyer’s or Seller’s Market? The Answer May Surprise You

Across the U.S., markets vary:

  • Buyer-leaning in parts of Florida, Texas, and the West Coast.

  • Still seller-friendly in the Northeast and Mid-Atlantic.

Charlotte, however, sits comfortably in a balanced zone, making it an ideal time for both buyers and sellers to engage.

Key Takeaways: What You Need to Know

  • National Index: Buyer interest is growing, but pricing remains cautious.

  • Charlotte: A balanced, steady market with mild growth in home values.

  • Price Direction: Stable nationwide but slightly rising in Charlotte.

  • Developments: Local projects like Queensbridge Collective and Radius Dilworth are boosting housing stability.

  • Market Dynamics: Charlotte’s moderate inventory and steady demand foster ongoing stability.

What’s Next for Charlotte’s Real Estate Market?

Looking ahead, Charlotte’s housing market appears poised for continued steady growth through 2025. The city’s blend of new developments, balanced inventory, and healthy demand suggests buyers and sellers can expect consistent opportunities without extreme swings.

Whether you’re buying your first home, looking to upgrade, or considering selling, Charlotte offers a unique advantage—a stable market in a time when others are fluctuating.

Ready to explore your options? Contact me today to navigate Charlotte’s dynamic market with confidence.

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation. info@soldondanielle.com | 704-604-2999 | Charlotte Real Estate Agent | Selling Charlotte since 2006 | Visit my YouTube Testimonials

March 2024 Charlotte Market Insights

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Are you prepared for March Madness? As excitement builds on the basketball court, it’s natural to wonder about the state of the real estate market. Many clients have been asking me, whether it’s a seller’s or buyer’s market. Let’s delve into the data and uncover the truth.

Market Update Charlotte Area Analysis

Typically, a month’s supply of six months or less indicates a seller’s market. So, where do we stand? Looking at the numbers, it’s evident that we’re nearing the conditions of the unicorn years, with days on the market at 59 compared to 69 today. Despite occasional fluctuations, the trend remains clear: people are still flocking to Charlotte, eager to make it their home.

Strategies for Sellers

But here’s the catch: sellers need to adjust their expectations and price their homes correctly to capitalize on this market. With the right strategy, you can ensure that your property fetches top dollar in today’s competitive landscape. Offering credits towards a buyer’s rate can be a win-win situation, benefiting both parties and helping your property stand out from the crowd. Sellers need to approach the market strategically to maximize their success. Pricing your home competitively and showcasing its unique features are crucial steps in attracting potential buyers. Additionally, working with an experienced real estate agent who understands the nuances of the local market can provide you with a competitive edge.

The Charlotte Real Estate Market Update

The Charlotte real estate market is experiencing an exciting surge as we enter March. With the city’s vibrant culture, thriving economy, and desirable neighborhoods, it’s no wonder that both buyers and sellers are eager to make their move. As an experienced real estate professional in the Charlotte area, I’m here to provide you with insights and guidance to navigate the market with confidence.

Increase in Buyer Activity

In recent months, we’ve seen a significant increase in buyer activity, driving demand for homes across the region. This surge in demand has led to a decrease in inventory, creating a competitive environment for sellers. With fewer homes available on the market, sellers have the opportunity to attract multiple offers and secure favorable terms.

Conclusion

Ready to make your move in Charlotte real estate? Let’s chat offline and personalize a strategy tailored to your needs. Together, we can navigate March Madness and secure the best outcome for your next real estate venture.

Stay tuned for all updates! Follow us on social media, Facebook, Instagram and YouTube.

 

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Top Charlotte Real Estate Agent As Seen on House Hunters Charlotte guiding her buyer Lyndsay on her relocation.

 

Charlotte Real Estate Agent
Danielle Edwards

Selling Charlotte since 2006

danielleedwards@REMAX.net

704-604-2999

 

Charlote Real Estate Market Forecast 2023

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Charlotte Real Estate Market Forecast

2023-2022 home sales across the Charlotte region trend back to 2019 levels.

Article by Canopy Realtor Association shared by Danielle Edwards

CHARLOTTE, N.C. — At the end of 2022, existing-home sales across the 16-county Charlotte region declined 15.3 percent year-over-year, as 50,286 homes sold across the region last year. The region had approximately 9,300 more home sales in 2021 than in 2022, which included 12 consecutive months of year-over-year declines. 2022’s sales were on par with sales at the end of 2019, which was a healthier year of sales, due to the overall pace of the market and amount of inventory. There were 3,0

65 closed sales during the month of December 2022 throughout the region, which is down 37.7 percent year-over-year. Sales included in this report, come from Canopy MLS and include single-family and condo-townhome data only, for the 16-county region.

A gauge of buyer interest, pending contracts, fell throughout the year and totaled 47,477 houses under contract, a 20.5 percent decline from contract activity in 2021.. In part because the FED increased interest rates in response to inflationary pressure during 2022, buyers withdrew from the market. Contract activity reached a low point in December with 2,472 homes signing contracts, a decline of 32.4 percent from the previous year. Contract activity is typically a forward-looking indicator and a good predictor of future sales.

 

“Our region has experienced a tremendous amount of growth over the last year, even though year-over-year sales activity didn’t reach the level of activity we saw during the height of the pandemic,” said Tiffany Johannes, the 2023 president of Canopy Realtor® Association/Canopy MLS and Realtor®/Broker-In-Charge with RE/MAX Executive Ballantyne. We observed a return to a relatively healthier timing and pace of activity during most of last year and will continue to do so because 2021 was an outlier and an unhealthy market. If there’s any good news, it’s that the slower pace of sales should let inventory increase and possibly provide purchasers more options later this spring.

Year-end statistics reveal that with 57,973 residences posted during the year, new listing activity—which is a proxy for seller activity—was down 10% from 2021. During the month of December sellers listed 2,418 homes for sale, a 31.3 percent year-over-year decline. As buyers pulled back last year, seller activity also declined.

 

 

Inventory had 6,479 homes posted for sale as of report time on January 5, 2023. A 54 percent increase from the 4,206 homes for sale at the same time last year. Months of supply rose 100% to 1.6 months, indicating that the area is still in a seller’s market. That is far from being balanced at six months of supply. Prices continued to rise year-over-year in December.

The average sales price was $444,600 for the entire year. It was up 14.9% from the previous year, and the median sales price was $379,890. The initial list price to sales price ratio rose to 99.7%. As a result of sellers continuing to be able to sell their houses for virtually their full asking price. Only for the month of December, the median sales price ($373,625) and average sales price ($436,920). Then both grew by 6.8 and 7.3 percent over the prior year. The percentage of original list price to sales price in December dropped further, to 94.7 percent.

The property market’s slowing down is just one of many indicators that point to a recession this year. This is according to many experts, Johannes added. But buyers need to understand that a recession doesn’t necessarily equate to home prices falling. Rates are anticipated to fall further. As inflation continues to reduce, even if the era of rates of 3% is probably over. Housing would be crucial to an economic recovery, according to our current outlook, and any recession would be minor.

Time on market across the region showed homes sold quickly throughout 2022, leaving buyers little time for negotiation.  List to close averaged 77 days last year compared to 73 days in 2021. The metric that accrues for “Active” and “Under-contract-show” statuses, showed homes averaged 22 days on market in 2022. It was compared to 19 days on market in 2021.  However, on December, List to Close increased from 75 days in 2021 to 99 days in 2022. And while days on market in December, increased from 20 days in 2021 to 41 days in 2022.

Charlotte Real Estate Agent Danielle Edwards

“Charlotte, NC and the Carolinas in general rank among the top 5 States where people are moving to. Not only that many experts rank Charlotte, NC as the market to watch in 2023. Charlotte Real Estate Agent, Danielle Edwards with RE/MAX EXECUTIVE has seen buyers that have been on the sidelines starting to resurface. It is really hard to tell what our market is like. This is because like most areas we experience a seasonal slow down this time of year.
2021 was an unhealthy market, and now it is about re-educating sellers on how to price their home properly, and education buyers on ways to still win.

When I meet with new buyers I don’t just meet them at a house. I sit with them in my office and we go over their wants and needs, the different areas, and how to strategize a game plan that will have their house search here in Charlotte, NC be affective.”

 

 

Canopy Realtor® Association owns and operates Canopy MLS, the region’s primary source for accurate and timely property data in a multicounty service area including the Charlotte MSA, Asheville MSA and Catawba Valley region spanning across North Carolina and South Carolina to outside the Carolinas.

Canopy MLS provides the latest technology, tools and analytics that Realtors® utilize to support consumers with their residential real estate.

For more great real estate information on the Charlotte, NC reach out to Danielle Edwards.

If you liked this article be sure to follow us on our social media channels!

Why Now is the Best Time to Buy

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Why Now is the Best Time to Buy

It’s the most wonderful time of the year! And, yes, even in real estate! We know a lot of buyers are asking the same questions right now: Should I wait for interest rates to come back down before I buy a home? Let me explain why now, even with the higher interest rates, is the best time to buy a home.

Charlotte is one of the top 5 cities to move to for work and honestly, buying a house today saves you big bucks in the long run.

  • No more paying $100K over asking.
  • No more waiving inspections and appraisals.
  • No more as-is offers.
  • No more bidding wars!
  • You will be able to negotiate a fair price.
  • You will receive seller concessions if the inspection reports indicate repairs are needed.
  • PLUS, you can REFINANCE as soon as rates come back down in a year or two.

Check out this handy comparison of what buying a house today vs. 6 months ago looks like:

 

Danielle Edwards, Charlotte, NC

Enjoy your holiday and give me a call so I can help you find the home of your dreams in 2023.

Contact Danielle Edwards for information on Charlotte, NC, real estate.

Questions to Ask Real Estate Agent - Charlotte, NC

Charlotte Realtor®

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edwards Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

Questions to Ask Real Estate Agent - Charlotte, NC

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for the value of your home

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

 

 

 

HOW LONG WILL THIS SELLER’S MARKET LAST 2021-2022

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Should you sell now? Buy now? What will happen in 2022?

House inventory has been increasing since July. In 2022, Core Logic predicts 3.2% increase in price year over year from July. Other experts say that it could increase again another up to 12% year over year from July 2022. For more info, watch the video below…

Join Top Charlotte RE/MAX EXECUTIVE Realtor Danielle Edwards for an update!! Danielle helps buyers and sellers in the Charlotte Region. Certified Luxury Home Marketing Specialist. Accredited Buyers Agent. Global Marketing award for Remax. 100% Club Remax. Repeat clients share their experience selling their home during COVID19 and building a new home with Danielle Edwards. Have more questions about living in Charlotte, NC? Let’s talk. Yes! You can really reach me. I am never to busy to connect.

How to buy and sell your home at the same time ?

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Charlotte Skyline

Photo by Daniel Weiss

How to buy and sell your home at the same time?

Video by Charlotte Realtor® Danielle Edwards- REMAX EXECUTIVE

Sold on Danielle

Welcome to 2021 Real Estate… the era of great interest rates, a pandemic slowing down, and not enough inventory to keep up with the demand here in Charlotte.

The once quaint city to its big sister Atlanta has been revived.  People from all over have migrated here bringing with them the flavors, diversity, culture, and an artistic vibe that the Queen City was needed in order to be a consideration amongst those looking for a place to call home.

 

Charlotte, NC we are one of the top 5 growing cities according to Forbes Magazine.

Our temperate climate, International Airport, second largest Banking city in the US, bustling nightlife and a magnet for college graduates is making this the place to be.

When you combine all the ways Charlotte has grown in the twenty years I have been here I can see why we are in this situation.

On the bright side, today’s homeowners should be happy with the equity that potentially could have built in their home.  They can take that equity and get creative WITH record low rates to find the new home.  I did a video below explaining the 5 options you have.

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OPTION SIX (not mentioned in video)

Ribbon Home Solutions

As a preferred Ribbon agent, I can guide you through this product that buys your home cash and then you can purchase your new home as a cash buyer.  There are some fees associated with this, but the fees far outweighs the stress of moving two times.  I also have been successful getting the fees covered by the seller or getting creative other ways 🙂

The best way to decide what is best for you is to investigate all your options.
1) What is the market? Seller’s market? Buyer’s market?
2) How is your current home compared to what buyers want today?
3) What is the competition like on the home you want to purchase?
4) What is your current stress level? How do these options affect that?
5)Does your current home have “issues”
-sloping lots
-backs up to road noise
-unsightly curb appeal
-less desirable schools
-outdated
6) Do you want to sell your home while you are still living there

Consider these questions and then discuss with your chosen Realtor to figure out the best strategy to make moving a pleasant experience.

See how other Charlotte Homeowners successfully bought and sold their home with Realtor, Danielle Edwards.

 

Danielle Edwards

South Charlotte Real Estate
Realtor, REMAX EXECUTIVE

Hefferon | Edward Team
704-761-7484
Licensed In: NC
License #: 249833
Contact Me

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Useful Links
What does your equity say?
Buyer Market Update Reports

Danielle Edwards Favorite MUST have Charlotte Real Estate Links

Buyer real estate software for market  updates

Best real estate software for your homes value

Search Charlotte Properties with Danielle

Check out my FIVE STAR REVIEWS here!

 

Charlotte Real Estate Market Report

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Charlotte Real Estate Market Report

Market home sales show early signs of recovery for Charlotte Real Estate

Is the Charlotte Real Estate market recovering? As businesses across the region continue to adjust to reopening, home sales across Charlotte show the housing market in the early stages of recovery. According to data from Canopy MLS, home sales in June were down only 1.8% compared to June 2019. 4,938 properties sold in June 2020. Closed sales compared to May 2020 increased 37.2% with 340 more transactions completed than the previous month.

Pending contract activity

Buyer interest and demand for homes in the region is returning to pre-pandemic levels. Pending contracts rose significantly by 26.8 percent year-over-year with 6,174 properties going under contract in June. Contract activity compared to May 2020 was also positive and rose 4.2 percent.

Charlotte Real Estate Market
2020 Canopy Realtor® Association/Canopy MLS President John Kindbom said, “The large bump in pending contracts this past month compared to last year shows that buyer demand is healthy and was held back simply due to COVID-19. The last two months were certainly challenging. There are still challenges ahead. But we can already see the market is improving and will likely be a key driver in our economic recovery.” Prices rose during the month of June. The average list price ($366,537) rose 10.9 percent compared to last year but decreased 2.4 percent compared to May 2020. The median sales price ($284,900) and the average sales price ($333,938) rose 7.5 percent and 3.5 percent, respectively. The original list price to sales price ratio was at 97.6 percent, showing sellers are getting close to their asking prices.

 

New listing activity

 

New listing activity continues to lag and signals that seller confidence is recovering at a slower pace. Year-over-year new listings were down 8.5 percent with 5,365 new listings added to inventory during the month. Compared to May 2020, new listing activity rose 3.8 percent as sellers continue to adjust to virtual showings and opening their homes to buyers in the safest manner possible under current and changing conditions.

Kindbom added, “Realtors® certainly understand the hesitancy many sellers have in listing a home during what seems to be the height of a pandemic, even though agents continue to use every precaution to ensure safe showings. However, with inventory at the lowest level recorded, there’s a lot of opportunity for sellers who are ready to list. In fact, new listings get increased visibility and are spending less time on market.”

Inventory in Charlotte Region

Inventory across Charlotte declined 46.7 % year-over-year to 5,701 active listings at report time. This pushed months of supply to 1.3 months in June. This time last year the market had nearly three months of supply and 10,698 active listings.
Homes continue to sell briskly, which is another hallmark of a strong seller’s market. Days on market, the metric that accrues for “Active” and “Under Contract-Show” statuses, averaged 38 days in June 2020 compared to 40 days in June 2019. The average number of days a property was on the market from the time it was listed until it closed (list to close) was 89 days.

Charlotte Real Estate Market
The Canopy Realtor® Association provides monthly reports on residential real estate market activity for the Charlotte Metro region based on data from Canopy MLS. The Charlotte Metro region, which this report is based on, includes 12 counties in North Carolina and four counties in South Carolina.

For more information on this report and data please contact Danielle Edwards with RE/MAX Executive.

 

 

 

 

704-604-2999

drivendanielle@gmail.com

www.soldondanielle.com

How to Prepare for Real Estate Market 2018 in Charlotte

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Real Estate market 2018 for Charlotte, NC

A guide for Buyers and Sellers

How do I prepare for the Real Estate Market this year? This is probably the most popular question I get asked by buyers and sellers alike. According to the news, homes are just “flying off the shelves.” This might actually be true if you are a first-time home-buyer looking in the $100-$300k range. So many millennials are entering the Real Estate Market during an extreme shortage of listings, causing the demand for this price-point to be pretty painful for buyers.

Can you guess the average number of days that a house stays on the Real Estate Market? 1 day. That’s right.  GONE.

First, let’s talk to my buyers…

How to win a multiple offer situation or a home under $300k in Charlotte

1. For starters, get yourself a seasoned and EXPERIENCED buyer’s agent. This is vital for a few reasons:

  • Competition. 8-12 hours after a listing has hit Zillow or Realtor.com, your competition has already seen it, and maybe even booked an appointment.  Realtors have access to listings the nano-second it goes live.  You want someone that is available to show you property ASAP.
  • Availability. You’ll have an agent to come to ANY time ANY day of the week with questions and concerns. As a Realtor, I work non-stop.  I have no “off-hours.”  Believe it or not, there are some agents who don’t work Sundays or after 5 pm.
  • Multiple-Offer Situations. The right buyer’s agent will prepare you to win multiple offer situations (stressful bidding wars) and keep a leg-up over your competition well before your perfect home hits the market. To find out what exactly I do to prepare my buyers and make their process as seamless as possible, please contact me and I will ensure you are ready to win your dream home once we find it.  I have an excellent multiple offer track record!

2.  Get to know your area’s school zones.

Have a home in mind? Become familiar with the neighborhood, schools, and area so you are not wasting time deciding on anything BUT the home.  If you think you will have children in 5 years, please look at the schools unless you want to move again (and prepare for a new Real Estate Market later!)  I can’t stress this enough.

3. Show me the Money!

The more money you have available to put towards a down payment, the better and the more flexible you will be with closing the deal in a timely manner; and therefore, the more appealing you will be to the sellers and the seller’s agent.  Often times, you may be up against cash buyers.  Cash buyers can close in 14 days! Talk about a seller’s dream.
Save up for a downpayment so you can get a leg up on your competition!

4. Don’t get caught up in asking for personal property.

Keep it as clean as possible.  You can always ask for that after you have come to contract terms.

Anything and everything else will be shared with my buyer’s when you choose to work with me. I will keep you informed and prepared to buy that perfect home! Contact me and let’s get to work!

When is the best time to contact a Buyer’s Agent? (Danielle Edwards)?
ASAP!  Don’t wait till your lease is up in 30 days.  You should be contacting your agent at least six months in advance.  The sooner the better! Read the Working with Real Estate Agents brochure.  90% of all buyers have representation.

The seller compensates the agent.  In exchange, you get someone who is looking out for you through finding the home, negotiation, problem-solving (trust me, most of what I do is problem-solving), repairs (the most stressful part) and coordination of closing.  Would you really want to do all that yourself?

Alright, sellers. It’s your turn.

Dear Sellers,

Let’s get to the point. If your home is over $300k, it is not part of the mass craze of homes selling in one day.

I am sorry to break this to you.  With new construction going up everywhere, and the majority of Baby Boomers downsizing from their 4,000 sqft+ homes, there is A LOT of competition.  Buyers looking for homes over $400k are most likely NOT first time home buyers.  This crowd has likely already owned a home and are now looking to cross everything off their wishlist with their second or third home.  Most buyers these days spend hours watching HGTV and expect every house to look like the “after” portion of Fixer Upper.  They also have new construction options that are often right around the corner from your well-built 1980s brick home and have all the bells and whistles with a teeny-tiny yard to maintain.

So what can you do?

Wait for it…

Well, contact me of course!  In all seriousness,  there is A LOT of work to be done to get your home ready to sell.  I have the numbers (and the experience) to prove it.  All of my previous listings that underwent some serious hard work (as well as minor adjustments) in preparation to hit the Real Estate Market, sold quicker.  The ones that didn’t, sat on the market.  Those sellers eventually had to cave and make changes that I suggested and guess what? They sold.

Things that make a home take longer to sell:

1. The Lot

If your lot is less than ideal, your price should reflect that. Do you have a sloped or high-pitched driveway? Is it kid-friendly? Does it back up to a highway, road, unsightly or ill-maintained neighboring home?  Most deficiencies can all be overcome by a lower price.  I firmly believe there is a buyer for every home.  You don’t want to waste the first 30-60 days on the market receiving the same feedback about your lot over and over.  Imagine having to keep your home immaculate 24/7 while dealing with the pets and children (if you have any).  Stressful.  The only exception to this is if you don’t actually live in the home you’re selling. Regardless, have your listing price reflect the quality of your lot will allow us to find that buyer that doesn’t mind the EMF tower in the backyard.

2. The Wallpaper

It has got to go… unless it is the new, trendy kind of wallpaper hitting the home-decor stores lately.
Old wall-paper has got to go!

3. Heavy curtains covering transom windows

Dark, drab rooms are not very inviting. In case you haven’t heard, natural lighting is “all the rage” right now. Studies show that living in a home with plenty of natural light is beneficial for your immune system and overall happiness levels.

4. Overimproved home

In today’s Real Estate Market, you might have trouble if your home is recently updated or has new additions while surrounding homes are outdated, small, and poorly maintained.

5. Undesirable schools

Buyers that are hoping to have kids or who already do, will be looking for a home in a top-level school district. Unfortunately, there’s not much we can do when it comes to the school district your home is stuck in. But we can highlight other perks that outweigh the cost of undesirable schools and even get familiar with nearby private schools.

Today's Real Estate Market.

6. Poor maintenance

I have a lot to say when it comes to maintaining your home. In fact, I wrote a book about it. You can find it here. If your home has been poorly maintained over the years, it will take a lot of work to get it in top-selling shape– but together, we can make it work.

As your agent, I will provide you with the average days on Real Estate Market for your community.  You can click here to find out your neighborhoods recent activity to get an idea.  My role as your agent is not just to post your home on The MLS, anyone can do that.  My goal is to effectively market this home and get it sold.  The home is a product.  I will negotiate with your buyer’s agent, manage repairs and problem-solve daily until we close!

Let’s be honest: Interest rates are expected to rise and there is a lot of new inventory entering the market as well. When interest rates rise it affects the buying power that future homeowners have.  You only have one chance to make that first impression to buyers. And Buyers, you only have once chance to make the right offer to a Seller.  Whichever side of the coin you are on, I can assist you.

 

REMAX agent Danielle Edwards

704-604-2999

drivendanielle@gmail.com

www.soldondanielle.com

 

 

 

Contact Danielle Edwards with REMAX Executive Realty for all of your Real Estate needs!

 

Upside down in your Mortgage

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Upside Down in Your Mortgage?

foreclosure

Option’s for when you owe more than its worth

Let’s face it, you are not alone with the rest of your “under water friends” who bought at the height of the market. Not only do you own this great home, but most have high interest rates. Staying in your home and throwing GOOD MONEY at your bad investment is not helping you grow financially, or save money.
You may be lucky enough to have an Aunt Ida fund to make up the difference, otherwise I have put together 7 options to help you with your upside down mortgage. I would seek legal advice on 2-7, since rules and laws do vary from state to state.

Option One: DEAL WITH IT

Staying in your home is the least stressful option. A great option if you enjoy taking your money and throwing it away every month at an investment you might never see a return on. However, the right thing to do if you care about your credit and accepting the fact that life isn’t always fair. Because of high interest rates, and the limitations on selling it, dealing with it and “sucking it up” leaves you at option one. But, the good news is that one day in the very distant future you will have it paid off.

Option Two: RENT IT

rentIf you are able to rent your upside down home and cover your expenses this may be a great option. Even if you barely cover your expenses, and you can find an other cheaper living arrangement this would be a good scenario. Sometimes you may have homeowner association rules against renting out that make this option less favorable.
Other options, you can rent out a room, or even two. Probably, not the American Dream you imagined, but a good option to make your living expenses less.

Option Three: Short Sale

A Short Sale is when you can prove a financial hardship and you get the bank’s permission to sell the home for less than what it is worth. Most banks require that you have missed payments. Short sales can be a painful and long experience. They will ding your credit for at least 7 years, but you will NOT be responsible for the difference owed to the bank. However, some banks will make payment arrangements with you for the remaining amount owed, but at a low to zero interest rate. Every bank is different. Having an attorney who specializes in SHORT SALES is highly recommended.

Option Four: Modify Your Mortgage

Many homeowners are taking advantage of various loan modification programs. These programs offer lower interest rates, but also restart the term of your loan for 30+ years. The home will have to qualify and in some cases appraise. The upside in doing this is by making the home more affordable you could potentially put yourself in a position where you can sell it sooner.

If this option doesn’t work, see option five.

Option Five: HARP Program

HARP PROGRAM is a great program for those who are upside down in their mortgage, have made on-time payments, have a reasonable good credit score, and falls into the guidelines in this video.

HARP if you meet all of the following criteria:

Option Six: Walk

By no means am I suggesting foreclosing on your home. But, lets face it, people are doing it. In some areas, mortgages are often made on a non-recourse basis — so, the bank can take your house, but can’t come after you for any balance due on your mortgage. (Check with an attorney! This is not true everywhere and in every case)
A better option is to contact your bank regarding a deed-in-lieu, where the bank agrees to take the deed. All you are doing is saving the bank a step from taking you to court to sue you for the keys. However, they can still come after you for the difference owed.

mortTo get started:

Offer the bank a deed-in-lieu.
Stop making payments.
Continue to live in the house and save money, cause let’s face it your credit is about to take a 7 year hit!

Most of the time the bank would want you to try to short sell your home with a Realtor. This shows good faith, however you need to prove financial hardship with a short sale and missed payments.

Option Seven: Bankruptcy

Bankruptcy is forgiveness of all debt. This is the sure way to make sure you are DONE with the collectors calling, and the bank coming after you. When you file bankruptcy you can forgive other debt like credit cards, car loans, and your mortgage loan. There is something calling AFFIRMING your loan in the bankruptcy process. This would be if you want to not put your home in your bankruptcy and still “agree” to pay your mortgage cause you still want to live there. Many bankruptcy attorneys may advise not reaffirming your mortgage loan, even if you want to stay in your home. When you file bankruptcy, even if you decide to keep the home and make payments, the bank no longer reports to the credit bureaus that you are making ON TIME payments, because the loan wasn’t “reaffirmed” in your bankruptcy.

Hope this information was helpful! If you have specific questions on selling your home in Charlotte, or you are upside down on your mortgage please contact me directly I am happy to help.

RE/MAX Executive Realtor Danielle Edwards

Danielle Wasser
www.daniellewasser.com
(704)604-2999
drivendanielle@gmail.com

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Danielle Edwards
RE/MAX Executive
12104 Copper Way Ste. 100
Charlotte, NC 28277
704-276-6882
info@soldondanielle.com

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