Is it still a buyer’s market today in Mount Holly NC? As experts in the North Carolina real estate market, we get asked this question a lot. The answer isn’t as simple as yes or no. We buy houses in Mount Holly North Carolina and we offer cash for houses in Mount Holly in any situation. We are professional homebuyers in North Carolina and this article walks through whether it’s a buyers market in NC and what you as a seller can do
The State of the Market for Buyers in Mount Holly NC
First off, it really depends on the property type and location.
Single-family homes in great locations that are priced well have been flying off the shelves. There’s a lot of demand in the market for certain areas, while others can seem like ghost towns.
Buyers are often looking for the same thing
Good neighborhoods, access to transportation, shopping, good schools, close to work, etc. Properties that deliver all these are definitely a hot commodity. Sellers with a highly desirable property are in control of the market.
But for condos and townhouses
Especially those a little off the beaten path, or with some funky features – it can be quite a different story. Prices were down in certain areas of Mount Holly NC, but seem to be rebounding as the rental market increases.
Investment properties are in demand.
The massive amounts of foreign cash flooding in to invest in US real estate have impacted the Mount Holly NC market in unique ways.
Overall, those people in a position to pay cash for properties have been picking up good deals in the marketplace.
Lots of sellers are trying out speculative prices just to see if anyone bites, but most investors are walking away from deals that don’t pencil out.
Financing is still a major obstacle for buyers.
Banks are being incredibly strict, requiring lots of money down and even changing their terms at the last minute. It’s not uncommon for approved buyers to get their loans pulled right before closing escrow, although it’s getting better than it was just a couple of years ago.
Overall the markets remain incredibly polarized – there is a lot of action at the very top and the very bottom, with the biggest challenges in the middle.
Sound confusing? It is. But We Can Help.
There’s a lot of shakeup in the US economy still taking place, and the markets are moving fast in lots of directions at once.
Sell My House In Mount Holly NC
We’re investing in Mount Holly NC because we believe in the community and the people here. If you need to sell a property near Mount Holly, we can help you. We buy properties like yours from people who need to sell fast. We are local North Carolina home buyers and we pride ourselves on being a strong part of the community. Our local mission is to help homeowners, then sell your house in NC fast, we do it quickly at a price fair to you, and to help improve the beauty of neighborhoods one house at a time.