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

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  • Опубликовано: 19 окт 2024

Комментарии • 90

  • @advisorSirAshley
    @advisorSirAshley  4 года назад +2

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

  • @jamesy4003
    @jamesy4003 3 года назад +17

    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
      @advisorSirAshley  3 года назад

      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
      @KeiaJohn4-15 3 года назад

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

  • @trdiopn5737
    @trdiopn5737 3 года назад +3

    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
      @advisorSirAshley  3 года назад

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

  • @BoudoirBoutiqueNC
    @BoudoirBoutiqueNC 3 года назад +7

    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
      @advisorSirAshley  3 года назад +2

      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.

  • @LindsayGraceWoo
    @LindsayGraceWoo 3 года назад +5

    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
      @advisorSirAshley  3 года назад +1

      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.

  • @ThatGirlGiGiNYC
    @ThatGirlGiGiNYC 4 года назад +7

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

    • @advisorSirAshley
      @advisorSirAshley  4 года назад

      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.

  • @Kat_clt
    @Kat_clt 3 года назад +9

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

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

  • @adriannewright2873
    @adriannewright2873 3 года назад +6

    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
      @advisorSirAshley  3 года назад

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

  • @jayrogers7779
    @jayrogers7779 3 года назад +7

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      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.

  • @valeriew1325
    @valeriew1325 3 года назад +1

    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
      @advisorSirAshley  3 года назад

      Thank you for watching and also sharing your own experience.

  • @shawndidstuffbeforehehadki806
    @shawndidstuffbeforehehadki806 3 года назад +2

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

    • @adbc1f72
      @adbc1f72 2 года назад

      Are you still moving to CLT?

  • @knasheed8092
    @knasheed8092 2 года назад

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

  • @cat_daddy
    @cat_daddy 3 года назад +3

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

  • @KeiaJohn4-15
    @KeiaJohn4-15 3 года назад +2

    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
      @advisorSirAshley  3 года назад

      Reach out to us. It's definitely competitive! And you have to move fast! Email sir@sirashley.com 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
      @KeiaJohn4-15 3 года назад

      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...

  • @harrygopie523
    @harrygopie523 3 года назад +1

    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
      @advisorSirAshley  3 года назад

      Yes, buying stand take advantage of these excellent interest rates! If you need. help with your move, dont hesitate to reach out! Sir@SirAshley.com

  • @gingerdad127
    @gingerdad127 2 года назад

    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

  • @yoyosmiles3690
    @yoyosmiles3690 3 года назад +6

    I appreciate this video! Great information!

  • @bibleonly1
    @bibleonly1 3 года назад +9

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      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
      @thisistrack2473 3 года назад

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

  • @devon7584
    @devon7584 3 года назад

    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
      @advisorSirAshley  3 года назад

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

  • @kirasurprise3965
    @kirasurprise3965 3 года назад

    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
      @advisorSirAshley  3 года назад

      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.

  • @AlesiaWGreen
    @AlesiaWGreen 3 года назад +1

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      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.

  • @ronkeys1712
    @ronkeys1712 3 года назад

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

  • @TAMERBASPINAR6043
    @TAMERBASPINAR6043 3 года назад

    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
    @sherriburns489 3 года назад +1

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      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

  • @u2fkeys665
    @u2fkeys665 3 года назад

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

  • @faith_made_me_strong
    @faith_made_me_strong 3 года назад +1

    Great video! Thanks for the info!

  • @rogerfurr4325
    @rogerfurr4325 3 года назад +2

    Nice video. Well done. Thank you

  • @AlesiaWGreen
    @AlesiaWGreen 3 года назад +1

    A great video

  • @interlaken
    @interlaken 3 года назад +1

    well done -- thanks!

    • @advisorSirAshley
      @advisorSirAshley  3 года назад +1

      Glad it was helpful! Thank you for watching

    • @interlaken
      @interlaken 3 года назад

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

  • @TigerLilyGzzTLRoars
    @TigerLilyGzzTLRoars 3 года назад

    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!

  • @Itismytime-Amen
    @Itismytime-Amen 3 года назад +2

    Do you have local lenders for someone coming out of state

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      I do. Reach out when you can and I'll connect you with the right people. Sir@SirAshley.com or text 704-775-1236

  • @allanedwards807
    @allanedwards807 3 года назад +2

    Great info

  • @sapphireheart8868
    @sapphireheart8868 3 года назад +3

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад +4

      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.

  • @shoesclothes8829
    @shoesclothes8829 3 года назад +2

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      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.

  • @colinmccarthy1825
    @colinmccarthy1825 3 года назад

    Advice is right on the money...

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

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

    • @colinmccarthy1825
      @colinmccarthy1825 3 года назад

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

  • @originalk9111
    @originalk9111 3 года назад +4

    Location location location crime rising in Charlotte as well

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

      Crime in Charlotte is higher than other comparable cities. I touch on it in this video here. Feel free to check it out. ruclips.net/video/7YXOtydRuw8/видео.html

    • @mauriceholden9238
      @mauriceholden9238 3 года назад

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

  • @AMIGroupLLC
    @AMIGroupLLC 3 года назад +1

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад

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

  • @anniebillups965
    @anniebillups965 3 года назад +4

    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
      @advisorSirAshley  3 года назад +1

      Shot me an email if you dont mind. Sir@SirAshley.com. Include the budget you’d like to stay under. Talk soon.

    • @yoyosmiles3690
      @yoyosmiles3690 3 года назад +3

      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
      @adaptreform692 3 года назад

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

  • @anewyorkgirlinanorthcaroli1981
    @anewyorkgirlinanorthcaroli1981 3 года назад +2

    If I wasn't discouraged before....

    • @advisorSirAshley
      @advisorSirAshley  3 года назад +1

      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. Sir@SirAshley.com or Call/Text 704-775-1236

  • @analuisanolasco758
    @analuisanolasco758 3 года назад +1

    l love this place

  • @lilat231
    @lilat231 3 года назад +2

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад +1

      No, check out this video ruclips.net/video/teRRubneAP8/видео.html. I have clients buying with as little as 3.5% down. But you have to be aggressive & or creative when looking for homes.

    • @sdanzey6441
      @sdanzey6441 3 года назад +1

      @@advisorSirAshley and they also pay mortgage insurance

  • @kadeem070
    @kadeem070 3 года назад +3

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

    • @advisorSirAshley
      @advisorSirAshley  3 года назад +2

      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
      @kadeem070 3 года назад

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

    • @freecnsh
      @freecnsh 3 года назад +2

      @@kadeem070 tons of opportunities with financial companies and fintech

    • @KeiaJohn4-15
      @KeiaJohn4-15 3 года назад

      Try Charter Communications, always hiring, great Perks

  • @thomykaroundtree5809
    @thomykaroundtree5809 3 года назад +1

    .... NO VACANCY .... LOLLL