Market in Charlotte NC

[David Rutledge]

Hi Everyone,

I bought a 3 bedroom home in Charlotte NC in 2016 for 150K

My tenants' lease is up at the end of June and I am seriously considering putting the house on the market so I can free up some capital to invest elsewhere. The property has appreciated in value but I am a little sheepish about selling right now due to the uncertainty around the COVID situation.

My agent believes the price point (prob around 200K) and the low rates will drive a strong demand if I put it on the market. I tend to agree but I was hoping to get some insight and opinion from other investors more familiar with the Charlotte area.

I live in California so I rely on people with boots on the ground to help advise me. Would be nice to get a second opinion.

I know there is so much uncertainty but I do not want to put the house on the market if there is any dip at all in the housing market. I am wondering if the market right now for a home at this price point would be largely unaffected or whether it would be better to hold onto it and sell in a year or two.

I have an agent I am very happy with in the area so not looking for help selling just the opinion of others familiar with the area.

Thanks everyone.

David

[Eric Nelson]

I went under contract last week for a property at a similar price point. There were literally 8 offers within 24 hours of it hitting the market. You will be just fine.