subject: Grab YOUR share of Charlotte Wholesale Deals [print this page] Grab YOUR share of Charlotte Wholesale Deals
When is the Right Time to Buy Charlotte Real Estate?
Being in the business of buying and selling single family homes, on a daily basis, many people ask me "When is the Right Time to Buy Real Estate?". Over the constant flow of information related to home price fluctuations and foreclosure rates, it can be a challenging discussion. In fact, just like having children, if you wait for the "right time" to buy Charlotte Real Estate, you may still be waiting 10 years from now. You don't need a crystal ball to make money in Real Estate and there is no "Right Time". With solid strategies, you can make profit and build wealth with Real Estate even in the worse markets. In fact some of the greatest minds in the investing world, such as Warren Buffet, prescribe to a contrarian theory. The time to buy is when everyone else is selling.
Buy Real Estate
Real Estate Purchases take place every day. According to Trulia, there are currently 8,654 homes for sale in Charlotte and 8,110 have recently sold, which tells me the market is alive for the right property at the right price. The same investing principle apply in a cold, as well as hot market- purchase at a low or "wholesale" price and sell at a high or "retail" price.
There will always be motivated homeowners that need to sell their property for a variety of reasons including banks that must liquidate the asset. During this time they may be willing to let their house sell for a fraction of it's market value. There are always house available that can be bought wholesale, then renovated and re-sold ("flipped") to a retail buyer or held as a long term, wealth building investment.
If you decide you would like to buy a home to flip, you can use a Realtor to find bargain properties or a Property Wholesaler that has located, evaluated and quite often presents the properties to potential investors in the area by direct mail or email.
The key to buying Charlotte Real Estate is locating deeply discounted properties that are easy to rent or flip whether it's through a Realtor or Wholesaler. There will always be good homes available at the bottom price of the market.
Long Term Strategy
It is inevitable the Real Estate market will slow down in all areas at some point. Real Estate is a commodity, and there are natural business cycles in every commodity. When the Real Estate market slows down many investors are inclined to sell. This creates bargains for those savvy investors, who have long tern wealth building in mind, to snap up the bargains and be prepared to reap the rewards of the change in direction in their market. In areas that have an expanding population, like Charlotte, the demand for housing will inevitably cause an increase in value. Charlotte's population is expected to expand from 756,912 to 1 million in the city by 2020 and Mecklenburg County is expected to increase from 963,363 to 1.4 million. There will be a demand for housing that will suit the long term investing goals of many investors.
The real estate market will always have its highs and lows In many areas, its just a matter of time until the market becomes positive again. By creating a solid long-term investment strategy that includes real estate as a component, and by sticking with that plan, you will make profits and be solidly positioned for gain when the market rises again.
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