Kam Pardasani, a Charlotte, N.C. REALTORÂ®, says local buyers in the Charlotte market need to be decisive in making on offer on their dream home if they want to get the deal.
Online PR News – 06-June-2013 – CHARLOTTE, N.C. – CHARLOTTE, N.C. - The Charlotte, North Carolina real estate market is heating up according to Kam Pardasani, a local REALTORÂ® who says buyers must now act far more quickly than in the recent past in order to have successful offers.
Pardasani, who specializes in luxury Charlotte homes and executive relocation services for Fortune 500 companies, says that inventory shortages are contributing to a market where too many buyers are chasing too few properties.
"We are highly recommending that buyers coming into the market be prepared to make an offer at any moment. What's happening is that when new properties come on the market, if they have been priced appropriately, they are frequently getting multiple offers," says Pardasani.
He notes that he hasn't seen this type of imbalance between sellers and prospective buyers for several years.
"Contributing to the hot market is the fact that appraisals have not caught up with supply and demand. In a completely free market, prices would rise to compensate for the multiple offers, but banks are hesitant to raise valuations too quickly," he says.
As a result, Pardasani believes the best strategy for motivated buyers is to have pre-approval from a lender already in place before searching for a home.
"It's a matter of being prepared when the right home becomes available. This will weed out buyers who are window shopping from those who are serious and able to act quickly to close on a home," according to Pardasani.
He says there is no end in sight for the inventory shortage until valuations catch up with prices. Even then, he notes that by that time, more buyers could have entered the market.
"There is no way to predict the future market, but I can tell buyers that right now, if they are serious about buying Charlotte real estate, they should enter the market prepared to make an offer at a moment's notice."
Kam Pardasani is a REALTORÂ® and creator of Charlotte area.com, a resource for Charlotte area home buyers and sellers to learn more about the Charlotte, North Carolina real estate market. A 15 year resident of Charlotte, he has been in the real estate business over 7 years. He is full time and full service, totally committed to meeting his clients' Charlotte real estate needs.
Cities Pardasani serves in the greater Charlotte area include Lake Norman, Ballantyne, Lake Wylie, Waxhaw, Weddington, and Matthews. He holds an MBA from Wheeling University, and has a well-rounded corporate background, including Pharmaceutical Sales Rep with Eli Lilly, Financial Adviser with Charles Schwab, and Sales with Wells Fargo. He has been recognized for outstanding customer service and sales wherever he has worked. His background and friendly personal service have made him a valuable asset for corporate transfers and physician relocation to the Charlotte area.
Kam Pardasani REALTORÂ®
10706 Sikes Place
Charlotte NC 28277