Rental vacancies in Charlotte, NC.

Wilson Real Estate Investment, LLC.If there is an upside to the housing crash, the apartment section is where you’ll find it. Vacancies are down and rents are rising, according to the latest data from Reis, Inc. It’s the strongest performance we’ve ever recorded in ten years, says Victor Canalog of Reis. Nation vacancies fell from 7.8% to 7.2% in the third quarter of last year. This trend will continue into 2011 should the financial markets remain tight. Asking and effective rents have increased from 0.5 to 0.6 respectively nationally. I have been pushing lease to own as great option to renting. Sellers are looking for creative ways of selling their home. Rather than let their homes sit on the market for 180 days or more in some markets. Many sellers are willing to sign option to purchase agreements with the buyer. This allows buyers time to get qualified for a home purchase loan. Buyers get the home at todays purchase price. So that later when the buyer is ready to purchase, they have the lower price as well have built a payment history. An additional benefit is rent credits being applied to down payment as well as the option money used to enter the purchase agreement. I would like to know your comments. Frensceno Wilson Like my fan page on Facebook Follow Me on Twitter

About Ceno Wilson

Charlotte real estate investor. I have a strong desire to creat win/win home buying and selling agreements. I am particularly good at looking outside the box, when structuring agreements. I have had great success working with single mother in my area, through the NSP and the CRA programs. I believe that neighborhoods have greater stability when homeowners are kept in these neigborhoods. I am always looking to partner with local investors. My mission is to help rebuild our communities by renovating existing homes and providing good quality affordable housing for both retail buyers and the rental market. And to help reclaim our cities through purchasing and renovating existing homes and offering homeownership to those who otherwise might have a harder time realizing the american dream.
This entry was posted in Charlotte, investment, lease to own, mother, NC, real estate, rent to own, single mother, Uncategorized, woman, women and tagged . Bookmark the permalink.

1 Response to Rental vacancies in Charlotte, NC.

  1. Ceno says:

    I would like see the comments on vacancies in your area.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s