A knowledgeable real estate agent has done a complete market analysis or "comps" and then I've listened to what the agent has to say about the neighborhood.
He or she tells me the type houses that are selling the quickest, what buyers are looking for and anything else that's relevant and can be backed up with facts to help me feel comfortable in arriving at the ARV or After Repaired Value of the house.The Lake Norman area is one of the neighborhoods that allow for the feel of a small town.
There are a few communities that are around the Lake Norman area that many people include when talking about the area including Davidson and Huntersville.
The prices range from inexpensive to expensive but have a lot to offer you.Throw in a new washer and dryer, refrigerator, new stove, microwave and always add a dishwasher if you can.
How about buying a 15,000 or 18,000 BTU air conditioner and putting it in to cool the house?The average small three bed roomed home will work but if there are two windows in the large master bedroom it is even better - you can make the master into two smaller bedrooms.
This can be done by erecting a wall (double shell) between the two windows and adding a door into the existing wall onto the hall.A foreclosure is one step beyond that.