I want to buy a home in one month

[Anvesh Reddy]

We moved to Charlotte 6months ago and started looking for a home but didn't find any home that we liked.

We didn't want to extend our lease as we know that our money is not building any equity.

Instead, we are thinking to buy some town-home/SFH which is ready to quick move-in and continue searching for our dream home.

At the given market, where should I temporarily buy a home that will go for rent and appreciate in future.

My budget for temporary home is from $250-$350k max.

Kindly, please guide us.

[Pat Rineman]

Hi @Anvesh Reddy - I agree with all of the points made by Abel and Theresa. I think your first step should be getting connected with a local Agent who knows and serves the Charlotte market. Inventory is fairly tight right now, but I am still seeing a lot of great opportunities for buyers at this price point. My clients that are taking advantage of these opportunities have been flexible with their search criteria which opens up more options, even in a tight inventory environment. There are plenty of great sub-markets within the Charlotte region to consider as home price appreciation has been fairly steady, along with rents. Happy to help however I can. 

-Pat