STOP! Waiting For A Foreclosure Bargain If You're Looking For A Home!
By Nina Hollander, Broker, Your Greater Charlotte Realtor
(Coldwell Banker Realty)
LOOKING FOR A GREATER CHARLOTTE HOME?HOPING FOR A FORECLOSURE BARGAIN? FORECLOSURE & SHORT SALE HOMES REMAINED SCARCE IN CHARLOTTE REGION IN AUGUST 2023FORECLOSURE & SHORT SALE BARGAINS REMAIN HARD (IMPOSSIBLE?) TO FIND Foreclosure and short sales as a percentage of total home sales in the Charlotte, North Carolina region remained low at 0.4% in August 2023. This was the third consecutive month of declines in foreclosure sales as a percentage of total sales in Greater Charlotte (July: 0.5%; June: 0.6%). In August 2023, the Greater Charlotte region had a total of 15 foreclosure sales and four short sales versus 3,858 traditional sales. If you've been searching for a distressed property "bargain" in the Greater Charlotte area and having a hard time finding one, it's no wonder. The numbe...
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