Massive PROBLEMS Facing Charlotte North Carolina Housing Market! Moving to Charlotte

Massive PROBLEMS In The Charlotte North Carolina Market! Moving to Charlotte
www.SirAshley.com. Call/Text 704-775-1236
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Timestamps:
0:00 - Intro
0:41 - State of Affairs
0:50 - Who it impacts?
1:20 - Issues
1:40 - Snowball effect impacting buyer and Sellers
2:40 - Resale market?
3:00 - Challenges you will face
4:25 - Good for sellers?
5:00 - Where are the Sellers?
5:20 - Rentals on the Rise?
5:50 - Problem Property?
6:15 - Delaying the American Wealth Building Process
7:10 - Charlotte's Still Amazing
7:30 - Why People Chose Charlotte
8:04 - Conundrum for Charlotte home sellers
9:10 - Forbearance and it's impact?
10:10 - Upside maybe?
10:52 - How to Position Yourself to avoid Potential problems
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📲 We have so many people contacting us who are moving here to Charlotte North Carolina and we ABSOLUTELY love it! Honestly if you are moving or relocating here to Charlotte or the greater Charlotte area, we can make that transition so much easier on you!!
🗣Reach out Day/Nights/Weekends whenever you want, we never stop working for you!!
Sir Ashley
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About Charlotte, North Carolina
👀en.wikipedia.org/wiki/Charlot...
👀www.visitnc.com/listing/UUS2/...
👀charlottenc.gov/Pages/Home.aspx
👀www.charlottesgotalot.com/
You should move to Charlotte and begin enjoying the Charlotte NC life? Then this video is for you. See, Moving to Charlotte or Charlotte NC , and Living in Charlotte NC, are two different things . Why Charlotte North Carolina and Why the Charlotte NC Life ? As the go to Real estate agent and Charlotte realtor, I, Sir Ashley get asked this question multiple times a week. These are the top reasons you should move to Charlotte.
The Charlotte NC Quality of Life is far better then most places in the United States. In Charlotte you get the best of both worlds, City life, County feel with an affordable cost of living.
So Come and Visit Charlotte !
Watch Pro & Cons of Living in Charlotte: • The Truth Of Living in...
www.SirAshley.com
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Come work with me as share real estate stories and experiences as well as giving valuable tips for your real estate journey.
If you, or someone you know, is interested in selling or buying a home in the Charlotte area lets connect:
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Contact us about selling your home with an advantage using our custom home virtual walkthrough! If you ever wanted to know how to sell your home like an HGTV Dream Home then we can help! Talk to a Real estate investor, Rehabber, Realtor and former RE Attorney
Homes for sale in Charlotte, Mooresville, Huntersville, Steele Creek, Lake Norman, Ballantyne, Cornelius, Davidson, Troutman, Denver and Concord, North Carolina. Sir Ashley Harrison has helped buyers and sellers in Charlotte, Huntersville, Mooresville, Cornelius, Davidson, Concord, Lake Norman, Mountain Island Lake, Ballantyne, Lake Wylie, Denver, Stanly, Troutman, Gastonia, Cramerton, Kings Mountain, Statesville, and Salisbury, NC. You can also see video home tours and current listings of Charlotte area homes in neighborhoods such as Westbranch, Lantana, The Palisades, McAdenville Village, Maison, Raintree.
We help people who want to relocate to Charlotte NC too
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#MovingtoCharlotteNC #LivingInCharlotteNC #relocatingtocharlottenc Sir Ashley Harrison
Real Estate Agent with Harrison REI Powered by Fathom Realty LLC
NC License 301660
SC License 119541
[e-mail]

[@advisorSirAshley]

📲 : 704-775-1236 (yes, you will get a real person..usually me) Email 📧: [e-mail] Appointment: Call/Text or Email Home Search Website: www.SirAshley.com Instagram: instagram.com/sir_realestate/

[@BoudoirBoutiqueNC]

It's terrible. No new builds until this summer and 400k for a basic house. Investors destroying the market. Nobody is renting a home for 2K here when we left cities with celebs and 4 star restaurants doing the same thing. Charlotte will never be that amazing. At least not for me. I'll wait for the foreclosures.

[@advisorSirAshley]

You are correct. Most new builds wont be ready until the summer, and sometimes there is a waiting list on even getting lots. We just have to plan out the move and purchase of a new home properly and have the proper expectations. Also, I dont believe the foreclosures are coming. Just about everyone has equity in their home (due to the rise in pricing) and instead of getting foreclosed on, they will simply sell the property and make a profit, without the hit on their credit.

[@jamesy4003]

Real good video on the Charlotte market - rentals are stupid -very high - any house on the market in the $250-$275k sells in a day - as you said with multiple offers - well said Sir Ash.

[@advisorSirAshley]

Thank you James for the compliment and I appreciate you watching. Stupid is the perfect word for it. - What the market is allowing landlords to ask for is crazy!

[@KeiaJohn4-15]

Right... my range is up too 265k, it’s ridiculous.

[@Kat_clt]

Yesssss!!! Use a local lender!!!! That is a huge tip

[@advisorSirAshley]

It's one that is often overlooked. Thank you for watching sister!

[@knasheed8092]

You are doing an OUTSTANDING job and making a huge difference. Please keep up the great work!

[@trdiopn5737]

Great information..As a Charlotte native I never thought the real estate market would get so crazy. My first house was $110k in a nice neighborhood in 08 that same house has more than doubled. Charlotte government has to do something before becoming like San Francisco. Tent cities that have popped up along 277 leading in to downtown is an embarrassment. The people of Charlotte deserve better.

[@advisorSirAshley]

Thank you and thanks for sharing! I wholeheartedly agree regarding the tent cities. Something needs to be done and assistance needs to be provided.

[@ThatGirlGiGiNYC]

Wow...this was good information...hopefully the market will be a little different when I move down

[@advisorSirAshley]

Thank you for watching. Yes, hopefully. The market ebbs and flows and it will correct itself in time. But these are the challenges we are facing right now.

[@gingerdad127]

I absolutely love your city, it's amazing!!! If I ever moved to America, I'd move to Charlotte, NC in a heartbeat... love from Australia xox

[@ronkeys1712]

Great info Sir! Looks like 2021 is going to be super competitive for buyers. 2022 anyone? Lol!

[@devon7584]

This is great. Thanks! I like the way you explain the nuances of the potential issues home-buying right now in this area. Subsccribed!

[@advisorSirAshley]

Thank you for watching. I'm glad it was helpful!

[@cat_daddy]

Gentrification, I live in Union county , many ex Charlotteans out here, more bang for your buck. New homes selling well.

[@LindsayGraceWoo]

I appreciate your honesty and straightforwardness! My husband and I currently rent in Charlotte and would like to buy, eventually. Your video was very helpful!

[@advisorSirAshley]

Thank you for watching! I’m glad it was helpful. When you’re ready to buy my team and I can help. But even before then if you want advice and/or guidance to prepare you to get ready, we are here.

[@valeriew1325]

Came across your video and really enjoyed your content. The housing market is Crazy, and the low interest rates are the driving factor. I purchased a new construction home for my Mother who is relocating from NY to NC Sep 2021 sight unseen because I knew about the multiple offers that I was going to have to compete with. I was looking for an existing home but realize the homes were just as expensive as the new construction. Everything you stated in your content is the absolute Truth! Thank you for Sharing.

[@advisorSirAshley]

Thank you for watching and also sharing your own experience.

[@adriannewright2873]

My husband just ran gas to a home in the HOOD whew the LOT alone sold for $80k... the cost here is out of control

[@advisorSirAshley]

Crazy right!? I’ve seen lots go from ridiculous prices in the past few years!

[@kirasurprise3965]

I love this explaination. You cover so many topics that are important. I'm excited to move here next year and you have provided great info. Thanks!?

[@advisorSirAshley]

Come on to the Charlotte area! I'm glad this video helped clarify some things. If you need any help with the move be sure to reach out to our team.

[@yoyosmiles3690]

I appreciate this video! Great information!

[@advisorSirAshley]

You’re welcome. Thank you for watching!

[@jayrogers7779]

There is too much overbuilding in Charlotte. There is no way that these new properties are being purchased.

[@advisorSirAshley]

Yes, they are starting to develop a lot , especially right outside of the uptown area. I work with several buyers and I was shocked by the demand the new construction communities are receiving. The builders are releasing lots slowly, so it's hard to determine if it's a manufactured demand.

[@ash_posh_omg]

Great video! Thanks for the info!

[@advisorSirAshley]

You're welcome. Glad it was helpful!

[@shawndidstuffbeforehehadki806]

This is really good info. My wife and I are moving summer 2022 to Charlotte. I appreciate your straight forward, practical content!

[@adbc1f72]

Are you still moving to CLT?

[@bibleonly1]

MOST HOMES ARE OVER PRICED FROM THE BEGINNING! people in their feelings with memory...

[@advisorSirAshley]

Thank you for watching. Yes, I believe prices are artificially inflated right now but due to the lack of inventory and low interest rates, we keep seeing this constant increase in price. It may level off some, but I dont believe there will be a huge crash. This is the new normal and since the fed has already said that they are going to keep interest rates low ( presumably under 4%) until 2022-2023, these prices are what we can expect for the next 1 to 2.5 years.

[@thisistrack2473]

@@advisorSirAshley if people have work or a job that pays decent! foreclosures are everywhere...they thought they could it also...

[@rogerfurr4325]

Nice video. Well done. Thank you

[@advisorSirAshley]

Thanks for watching!

[@TAMERBASPINAR6043]

Thanks for your honesty Sir. My English s not so fine. I ll hv a question... Which s more profitable ? To buy land or to buy house or buy from banks's loaners?

[@sherriburns489]

Rookie in the business, Thanks much for the gold nuggets.

[@advisorSirAshley]

You're welcome! I'm glad to help! If you're in the Charlotte area, I'm always looking for team members to help our clients here! Be sure to reach out

[@allanedwards807]

Great info

[@advisorSirAshley]

Thank you family!

[@harrygopie523]

Everything u said is so true. I am in the process of moving to Charlotte from New York and everything u said about price increases are so true. Lot prices are staggering and builders are definitely taking full advantage of the market right now. Upside for buyers is great interest rates right now so make ur moves now.

[@advisorSirAshley]

Yes, buying stand take advantage of these excellent interest rates! If you need. help with your move, dont hesitate to reach out! [e-mail]

[@u2fkeys665]

bay area cali checking inn... what do you think of the Winston Salem area?

[@TigerLilyGzzTLRoars]

Super duper vid. Your presentation style is profession, credible, and appealing. I'm not even looking to buy in Charlotte, but from my research in the Texas Hill Country, another part of the country that is also being flooded by both West and East coasters, your info is also most relevant. My son was outbid three times on three different homes in Kerrville, Texas for more than the sellers were asking. I'm hearing that banks are buying homes and then gouging the public to rent them. Is this something you've experienced? I've subscribed and hit the bell notification button because you are a wealth of knowledge and expanding that knowledge to the rest of the country will surely get you a crazy amount of subscribers. As an example, check out Neil McCoy-Ward's channel. He has incredible macro real estate information from around the world that he shares, and to date he has 287 K subscribers. Thanks for this very informative vid. From my experiences as a lay person helping my son and other family members find housing, you are absolutely right on target!

[@AlesiaWGreen]

A great video

[@advisorSirAshley]

Thank you Alesia. Glad you enjoyed it

[@interlaken]

well done -- thanks!

[@advisorSirAshley]

Glad it was helpful! Thank you for watching

[@interlaken]

@@advisorSirAshley Have a blessed day and keep up the good work!

[@colinmccarthy1825]

Advice is right on the money...

[@advisorSirAshley]

Thank you. I try to stay on top of it.

[@colinmccarthy1825]

Do you have any insight on investment properties for pesky OOS investors? 😉

[@analuisanolasco758]

l love this place

[@advisorSirAshley]

Me too!

[@AlesiaWGreen]

What do you think about purchasing a property to rent out rooms to a particular age group. Say for instance a seniors home.

[@advisorSirAshley]

It can be very profitable. I have investor colleagues who rent out rooms by the week and its very profitable for them. Just remember, that it is frowned upon by certain HOAs. Make sure you do your due diligence when purchasing.

[@KeiaJohn4-15]

I’m looking for a Home, I’m in Charlotte and soon as I blink, the home is either contingent.. contract...etc.... smh. I was just told that Gastonia taxes are higher 🤯 I’m going through NACA btw...

[@advisorSirAshley]

Reach out to us. It's definitely competitive! And you have to move fast! Email [e-mail] or text/call 704-775-1236 Unfortunately, sellers are considering offers that’s are cash and conventional over fha, NACA, and buyers using down payment assistance from a government program. When there are multiple offers on a property, sellers see cash and conventional offers as clean and less red tape. NACA also scares away sellers because they may require specific work to be done before the closing can take place. Most sellers don’t want that headache.

[@KeiaJohn4-15]

Exactly. I didn’t know it would be this stressful. I mean everything I like is gone with the wind..Is Gastonia higher in Taxes then Charlotte? That’s what I was told...

[@originalk9111]

Location location location crime rising in Charlotte as well

[@advisorSirAshley]

Crime in Charlotte is higher than other comparable cities. I touch on it in this video here. Feel free to check it out. kzbin.info/www/bejne/bYq7gKevmbeorZo

[@mauriceholden9238]

@@advisorSirAshley come to Cleveland Ohio then. You will see crime then

[@Itismytime-Amen]

Do you have local lenders for someone coming out of state

[@advisorSirAshley]

I do. Reach out when you can and I'll connect you with the right people. [e-mail] or text 704-775-1236

[@anewyorkgirlinanorthcaroli1981]

If I wasn't discouraged before....

[@advisorSirAshley]

Dont be discouraged. This just means we have to plan, prepare and be ahead of the curve. Feel free to reach out for help with finding a home to buy. [e-mail] or Call/Text 704-775-1236

[@shoesclothes8829]

You’re from here...you pronounced concord right

[@advisorSirAshley]

I’m not from here but have been in the area on and off for over 12 years. But yes, I did pronounce it wrong. Sometimes I pronounce my own sister’s name wrong 🤦🏿‍♂️🤷🏿‍♂️. Thanks for watching. I’ll try to be better but I can almost guarantee that I will mess up some pronunciations in future videos.

[@anniebillups965]

I now live in the Atlanta metro area and would like to move to Charlotte in December and move into a rental home until I learn the area. Please recommend a rental company for a 3bed, 2 bath home and near grocery shopping. Thank you!

[@advisorSirAshley]

Shot me an email if you dont mind. [e-mail]. Include the budget you’d like to stay under. Talk soon.

[@yoyosmiles3690]

Hi 👋 I moved from Houston to Charlotte 4 years ago. I am renting in the Ballantyne area of Charlotte. I highly recommend this area for security and its beautiful 😍 👌 ❤

[@adaptreform692]

I moved from Charlotte to Atlanta, an believe Atlanta is way better place to be

[@sapphireheart8868]

What is ur opinion on the so called coming housing crash???

[@advisorSirAshley]

Good question. I dont believe there will be a crash. Yes, prices may drip some (which should happen in a healthy market) but I dont see a crash. It will all come to supply and demand. So long as there are less houses available for the demand, housing will be solid. There wont be 15% increases like this past year, I think prices will rise 4-8% in the next year. Evictions and people selling to avoid foreclosure will increase housing supply but there will still be a lack of inventory.

[@AMIGroupLLC]

Why is it so difficult to rent a home in charlotte?

[@advisorSirAshley]

Supply and demand. Desirable properties have at least 5-10 applications on them

[@kadeem070]

Not sure if you made a video on this, but how is the job market in Charlotte?

[@advisorSirAshley]

The job market is strong if you’re a white collar worker. Blue collar workers have a lot of opportunities as well. Based on my conversations and some articles I’ve read, the service industry workers are taking a huge hit right now. However, due to the current state of things, I’m not sure if thats specific to Charlotte or not. But I will do a series on jobs in charlotte.

[@kadeem070]

@@advisorSirAshley understood, I work in IT, so I’ll research thoroughly prior to. Thank you for the feedback!

[@freecnsh]

@@kadeem070 tons of opportunities with financial companies and fintech

[@KeiaJohn4-15]

Try Charter Communications, always hiring, great Perks

[@thomykaroundtree5809]

.... NO VACANCY .... LOLLL

[@lilat231]

So basically have 20% saved of what your pre approved loan is

[@advisorSirAshley]

No, check out this video kzbin.info/www/bejne/qpa1g6iYo8p0hpo. I have clients buying with as little as 3.5% down. But you have to be aggressive & or creative when looking for homes.

[@sdanzey6441]

@@advisorSirAshley and they also pay mortgage insurance