METropolitan Trade Program ~ Charlotte, NC
The Metropolitan is a condominium development that sits in Midtown, an area just south of Uptown Charlotte, NC. The development also offers shopping (Trader Joe's, Best Buy, Staples, Marshall's, and several boutique shops) and dining (Zoe's Kitchen, Vivace, and Dressler's).
Recently The MET has started a new Trade Program that has been very successful and has allowed many home owners to get out of their property and into the lifestyle that The MET offers.
How Does The Trade Program Work?
The developers of The Metropolitan will order an appraisal and a market analysis of your current house. They plan to pay 93% of the appraisal value. (This assumes that if the seller were to sell their house that they would have to pay around 6% commission and around 1% in closing costs)
The only other parameter is that the home being traded cannot exceed 80% of the purchase price of a new condo at The MET.
Example: If the condo you wanted to purchase at The MET was $500,000, the maximum that they would accept in trade is a house valued at $400,000.
Please contact me with any questions regarding this program or if you would like a list of the current inventory offered at The Metropolitan in Midtown, Charlotte, NC.