Just click on your town of choice and easily find the foreclosed homes for sale!
| City-MLS area | City-MLS area | City-MLS area |
|---|---|---|
| Mooresville | Cornelius | Statesville |
| Denver | Sherrills Ford | Huntersville |
| Davidson | Troutman | All Waterfront |
| Lake Norman Condos | Lake Norman Foreclosures By Price | Golf Only |
Frankly, Lake Norman Short-Sales are one of the best deals in the marketplace. These homes sell for 5% to 10% BELOW bank owned homes; which helps to make them the best deals on the market.
Only make an offer on a Short Sale when you are certain that the agent who is selling the home and your agent as a buyer both know the process involved in Short Sales. Be prepared because the process cold take up to 6 months or more. If your agent understands how the Short Sale works and what’s needed to complete the entire process, things undoubtedly will go smoother for you.
So what are the key steps to getting into a Short Sale?
Key Step 1 – Do you have the time? Short Sales take longer, plain and simple. Lake Norman Short Sales can take 60 days up to 9 months. This is, once again, where your agent knowing what they are doing and understanding the entire process of a Short Sale is important. Now keep in mind not every situation is “normal”; about 70% of situations are “normal”. You also have to also keep in mind that Short Sales are up from 8% in 2010 to 28% in 2011. That means that Short Sales are definitely going a lot faster, but you still have to make sure that you have a little bit of time.
Here’s an example of what happens with a Short Sale; a home that sold 3 years ago for $527,000 sold in a Short Sale for $275,000. That same home, if it were bank owned, might sell for about $350,000. So Short Sales are definitely the best deal out there; but you have to make sure you have the time that it’s going to take to do the process and do it right. So why do they banks do this? Once again, a bird in the hand is worth two in the bush. They want their money and they want it as fast as possible.
Key Step 2 – Work with a Carolina Living Realtor that KNOW’s Short Sales. Be blunt; ask them right up front to show you their track record with Short Sales. Tell them to give you proof that they know Short Sales. A good realtor understands the process and makes your life a little easier. As a buyer, you’re not paying for the fees, the bank is, so you want to make sure you get a realtor that is good and is going to work for you. Carolina Living as The listing agents we work with a local law firm to assist us with negotiating with the banks. This is a recommendation we make to help expedite the process. If you are considering a short sale of your home, we can put you in touch with them to get all your questions answered.
Key Step 3 – Be open minded to a counter-offer from the bank. Most of the time a bank will make a counter-offer. Be willing to consider it. The banks are willing to work with you, they’re just NOT willing to give the home away. They go off the BPO (Broker Price Opinion). Again, your realtor should know and understand this process and the listing realtor definitely needs to know.
So why do banks do Short Sales? Frankly, banks make more money on a Short Sale than they do on a foreclosure. They make 10%-13% more money on a Short Sale. The home stays in better shape when they’re making a Short Sale because the owner lives in it until the closing. There are no added costs of maintenance and upkeep for the bank if the owner remains in the home. It’s a more solid deal for the bank than allowing the home to go into foreclosure. If they can get it done in a Short Sale they’re better off financially.
It’s all about the money. That is why your offer needs to be a fair offer and not 40% to 60% below the market value. Have your realtor run a market analysis for you before you make the offer so you have something to back you up. So if you want to make an offer at 40-60% below the market value, then be prepared to wait 12-20 months for you to get to a final deal. It comes down to being realistic.
So why are we offering this information on Short Sales free of charge to you? Honestly? We want to make sure that YOU get a good and fair deal, no matter who you work with as your realtor. We know that if we get this information out into the marketplace then everybody wins! Knowledge is power. Don’t get me wrong, we make a living by selling homes and we would love to help you with buying a Lake Norman Short Sale. We are knowledgeable and we have that track record to prove it. We love what we do and selling homes is our passion but it also is what pays our bills. If we can help you make a Lake Norman Short Sale please give us a call or drop us an email. Most of all, we want to make sure you understand what you need to do in order to buy a Short Sale and understand what you want to look for in a realtor. We can definitely offer our services and be that realtor that makes your Short Sale run as smoothly and happen as fast as possible.
125 Milford CIR -- 4 BR, 4.1 BA
19025 Double Eagle DR -- 4 BR, 3.1 BA
17317 Cove View CT -- 5 BR, 3.1 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
225 Montibello DR -- 6 BR, 4 BA
233 Montibello DR -- 4 BR, 3.1 BA
118 Charing PL -- 4 BR, 3 BA
122 Riding TRL -- 5 BR, 3 BA
120 Charing PL -- 4 BR, 2.1 BA
111 Audubon AVE -- 4 BR, 2.1 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
During the 1st 5 months of 2011, there have been 85 homes sold in the Lake Norman (MLS Area 13) area that were either short sales or bank owned foreclosures.
69 Active Listings
Average list price is $402,286
Average days on the market is 132
17 of these homes are waterfront
Average List Price is $723,341
Average Days on Market is 154
The average sales price was $340.970
The average list price was $362,699
The average days on the market was 151 days.
The average sold price to list price was 93%
18 Lake Norman Waterfront Foreclosures and Short Sales sold.
The average sales price was $566,935
The average list price was $598.912
The average days on the market was 178
The average sold price to list price was 93%
If you would like a list, please contact us and we will email you a list with no obligation.
19723 Bustle RD
000 McKendree RD
109 Anglers PL
Lot 2 Hwy 16 RDN Hwy 16 RD212 Oak Tree RD
Lot 24 Tallwood DR228 Lineberger DR159 Tattersall DR
169 Sea Trail DR
Lot 40 Eastwind Cove RD | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
Wonderful Crescent Community located in Mooresville NC with fantastic schools and amenities.
124 Spears Creek DR -- 4 BR, 3.1 BA
209 Bayberry Creek CIR -- 5 BR, 3.1 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
Located in Mooresville with great schools and great neighborhood amenities for all ages.
123 Wilton PL -- 6 BR, 3.1 BA
167 Foxtail DR -- 4 BR, 2.1 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
Enjoy the renovated Westport golf course in Denver NC.
4694 N Lake Shore RD -- 5 BR, 4.1 BA
7417 S Golf Course DR -- 5 BR, 3 BA
4103 S Lake Shore RD -- 3 BR, 2 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
151 E Morehouse AVE -- 4 BR, 3.1 BA
120 Decatur AVE -- 3 BR, 2 BA
139 Kensington ST -- 3 BR, 2.1 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
7514 Waterview DR -- 3 BR, 2.1 BA
447 Tuskarora Trl TRL -- 4 BR, 5.1 BA
5054 Mallard CV -- 4 BR, 2.1 BA
1090 N Saunders DR -- 5 BR, 4.1 BA
8774 Harbor CIR -- 4 BR, 3 BA
466 Lakeview Shores LOOP -- 3 BR, 3.1 BA
608 Lakeview Shores LOOP -- 5 BR, 4 BA
429 Grasshopper CIR -- 2 BR, 1 BA
262 Marietta RD -- 3 BR, 3 BA
111 Shadow LN -- 4 BR, 3 BA
693 Normandy RD -- 4 BR, 3.1 BA
158 Lakeview Shores LOOP -- 3 BR, 2 BA
125 Gainswood DR -- 2 BR, 1 BA
8131 Bridge View Cove CT -- 2 BR, 2 BA
7898 Cheval LN -- 3 BR, 2 BA
5065 Mallard CV -- 4 BR, 3 BA
119 Fern Haven LN -- 3 BR, 2.1 BA
6702 Emerald Isle DR -- 3 BR, 2 BA
226 Eastport LN -- 4 BR, 4.1 BA
126 Continental DR -- 3 BR, 2 BA | The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither Carolina Living Real Estate nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers -- personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc. Data updated February 22, 2012 |
