Short Sale and Pre-Foreclosure Townhomes/Condos in the towns of Huntersville, Cornelius, Mooresville, Davidson and Denver.
Due to the economic meltdown the Lake Norman area of Charlotte has experienced a large number of distressed properties. That only enables a lot of buyers to capitalize on the outstanding buys. However, if you qualify for the First-Time Home buyer incentives you may want to start looking ASAP.
The major disadvantage of buying a short sale home is time (as long as you are purchasing a sound home with not major damages and sometimes the money saved outweighs this as well). If you have the patience and are not in the same situation as many home buyers (wanting to get in the home right now) then you may find a great deal.
The deadline for The First-Time home buyer incentive is May 1, 2010. That gives you just over 2 months go into a binding contract.
Mike Carpino
Owner/Broker
Mike@LakeAndTown.com
704 301-9264
