I am extremely familiar with the condos at Pavilion East and you are correct that they have been slow to sell. I think the reason is twofold. One when they first came onto the market they were introducing a product that had not been seen before here in Durham. Ultra contemporary in design, with concrete floors, high ceilings, these units were "urban lofts" and were built to true commercial standards (very different from residential standards) Believe me the vast majority of agents working the Durham market had never been exposed to a product like this before and really did not know what to think of it. The second had to do with market timing. Financing for condos that were not on the approved FHA list could not get traditional financing. This is still the case. None the less, the first rule of real estate has and will always be LOCATION. When it comes to location these are very hard to beat for resident,, grad students, nurses, doctors etc working or studying at Duke. I have no doubt that ultimately they will all get sold and that over time they will increase in value. While not for everyone, if you appreciate cutting edge urban environments, these fill the bill.... more
Hi, my name is Michael with "Ibuyhouses.biz" and we not only buy houses, but we are looking for rent-to-own tenants that fit your description. I do have a few questions, though.
Does this property you're looking for need to be in Orange Co/Durham?
Does it need to be a mobile home?
Since your credit is bad, how much to you have for a down payment?
How much can you budget a month?
When do you need to move?
If you want answers, let me know via email and we can set up a phone appointment. If you contact me by this Wednesday, it will qualify you to receive a free report on "How To Save Money, Stress AND Headaches When Moving!" It is a great report and will not cost you a dime and your are under no obligation to do anything with us in order to get it. We just want to see if we can help.