CHARLOTTE, N.C., Oct. 24, 2020 /PRNewswire-PRWeb/ -- 17 year Veteran Homebuyer Lou Gimbutis is proud to announce the launch of a new business, We Buy Houses Charlotte LLC!
"After moving to NC to escape Michigan's horrible real estate market in 2007," says company founder Lou Gimbutis, "We settled in Statesville NC, and have been primarily buying houses in Iredell County, with occasional purchases in Charlotte itself and surrounding areas."
Moving the company to the Greater Charlotte area in 2007 was a big decision, with a lot of research behind it.
We asked Lou what some of the factors he considered were, and here is his response:
"I limited it to the Eastern portion of the country, so as not to be incredibly far away from family. Beyond that a blank slate sat before me, upon which I began writing the criterion which would make for an optimal long-term growth market. Here were the most important factors:
1. Local economic strength- Michigan had demonstrated with brutal clarity the effect of having all of your economic "eggs in one basket". Therefore, I sought an area that would not topple if the winds of change blew a contraction or collapse in one or two industries. Charlotte qualified strongly on that point.
2. Growth potential- At the time I reviewed the numbers, Charlotte's housing stock was considered undervalued compared to other major metropolitan areas across the country. In other words, if you wanted to move to (or relocate your company to) a big city, you could buy a lot more house for your money in Charlotte.
3. Average days of sunshine- Statisticians track everything, don't they? When trying to project future growth, I did not take lightly the fact that most people prefer bright blue sunny skies to their gray, overcast brethren. Charlotte sat very high on the list.
4. Proximity of various recreational activities- Charlotte is only hours from the beaches of the Atlantic Ocean, but moving in the other direction, mere hours from the Blue Ridge Mountains. This results in a staggering variety of scenery, as well as convenient proximity to both winter sports such as skiing, and a long summer season of watersports.
There were of course many other factors, but the resultant decision, which I have yet to come to regret, is that Charlotte is the solid choice for sustained short and long-term growth."
With the launch of We Buy Houses Charlotte LLC, Lou will be able to better focus on buying houses for cash in Charlotte proper, instead of primarily in the surrounding areas.
SOURCE We Buy Houses Charlotte LLC
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