I know this question has been asked but I'd like to know if it's a good time (or not an awful time) to buy a house in Charlotte, NC.
I'm a first time buyer and I'm excited at the opportunity at buying but (obviously) want to avoid buying at peak. My research indicates Charlotte's very cheap and didn't run up as much as other areas, so it makes me feel it might be okay to buy there and there's less chance for a collapse. However, I'm still concerned about a nation-wide housing bust.
So, good time to buy in Charlotte? If so, what (house, townhouse, condo — I've heard condos are poor investments)? Is there "no bad time to buy" or should I wait it out?
Thanks a lot for your help.
It is a wonderful time to buy a home. It is a buyer's market. If you are a first time home buyer it is the best investment that you can make. Even if the property does go down it will come back up. This is a safe investment. One of the safest one's you can make. You can move in to a home for 0 or little money out of your pocket. As to the property type. It is always better to buy a single family home the re-sale is almost always better.
October 4th, 2006 at 11:04 am
I would give you the links from our research files that the State of North Carolina and the US government has provided to the public answering your question and helping first time home buyers but yahoo answers says that providing links with the proper answers to questions is spamming and using the source of where those links come from is advertising and they rather just have written answers from sources that are not qualified to provide such answers
References :
October 4th, 2006 at 2:35 pm
Dear
you should buy at any time when you can. buying house is an investment, but not like stock investing. in case, your property does not appreciate than much, but the interest is tax deductible, so it's better owning than renting.
in terms of house, townhouse and condo, house and townhouse are better investment than condo in general.
References :
October 4th, 2006 at 7:01 pm
It is a wonderful time to buy a home. It is a buyer's market. If you are a first time home buyer it is the best investment that you can make. Even if the property does go down it will come back up. This is a safe investment. One of the safest one's you can make. You can move in to a home for 0 or little money out of your pocket. As to the property type. It is always better to buy a single family home the re-sale is almost always better.
References :
I have been a mortgage loan consultant for 5 years.