Home Buying in Cary>Question Details

Rob Sharp, Home Buyer in Rockville, MD

I am currently in Washington DC and relocating to the Cary area in ~6 months.

Asked by Rob Sharp, Rockville, MD Tue May 27, 2008

I am a first time buyer and have a couple questions:

1) How much time should I allow myself to find and purchase my house.
2) Is it possible to find a nice home that is not part of a community/HOA.

0 votes Share Flag Home Buying in Cary

Help the community by answering this question:


Rob -

The amount of time you want to allow can really vary. Are you looking for an older home, or new construction? If you plan to select a home and have it built, plan at least 4-6 months for build time alone. Some homebuyers can find the perfect home within a couple of weekend visits, while others can look steadily for six months before they find a perfect fit. Also keep in mind - as the cost of oil continues to rise, the cost of building materials will also rise, which will cause a corresponding rise in the cost of a new home.

There are definitely lots and homes available that are not incorporated into communities governed by HOA rules. But as Michael mentioned, something within Cary city limits may have other restrictions set by the city. If you're planning to be in the general area of Cary but not necessarily within city limits, you may also want to consider Apex, Holly Springs, Fuquay-Varina, Morrisville, or the eastern side of Chatham County.
Web Reference: http://www.StantonHomes.com
0 votes Thank Flag Link Tue May 27, 2008
Hi Rob,

Yes it is possible to find a neighborhood even within Cary that has no HOAs. I have lived in Cary for 13 yrs and my neighborhood has no HOS. We have a voluntary $55/ per year per household donation collected. This pays for the electricity at our entrance, law care at the entrance and fresh plants every spring and fall. Our community gets together and has a work day every spring to do the planting and spread bark much and pine straw. I know there are other communities out there that have similar set ups.

As for your other question, I would try to come down for a long weekend and drive around with a real estate agent. My husband and I sub leased a town home and kept some of our things in storage so we could take out time in the looking process. We found what we wanted with in a month of looking.

Good luck & if you need any help please let me know.
0 votes Thank Flag Link Wed Jul 16, 2008
Hi Rob,

Yes, there are some non-HOA communities inside or around Cary. Some of these communities are actually scatted inside of Cary speed limit. I live in one just about a couple of miles away from Cary since 1992. Cary have tried annex many of these communities over the years. Have not yet been successful.

Please let me know If I can provide you a list of neighborhoods which do not have HOA due.

There are plenty of houses on the market right now. It all depends if there is one that fits your needs, wants, and wishes. Average of finding a home is about 4-5 months which includes to build a brand new one.

0 votes Thank Flag Link Sat Jun 28, 2008

I moved from Bethesda near Montgomery Mall. I would come down a couple of times just to get a feel for the area and I would then give yourself a month or so to look. When we moved, we came down several times and then looked hard for a month and we are very happy with our move. I am with Coldwell Banker. If you need help on your end in Rockville, I have several friends in the business and I would love to assist you on this end. We used Commonwealth movers by the way. The ones with the blue trucks around town.

As for a home not part of a HOA, you will have several to choose from. I know first hand what a pain they can be in the Montgomery County area.

Please feel free to visit my contact info on my site
Web Reference: http://www.amydenison.com
0 votes Thank Flag Link Sun Jun 8, 2008
Hi Rob,
We relocated to the triangle area from NJ about 2 1/2 years ago. We had planned to buy in Cary but ended up going with Clayton (more rural and more bang for your buck). I can't say enough how much renting first did for us. It enabled us to neighborhood shop without feeling pressured to buy when we didn't know the area.

There are plenty of homes that are outside of subdivisions, there would be no HOA there but most homes that we looked at had some sort of HOA...each one is different though. Some very restrictive, others not at all.

Good luck with your move!
0 votes Thank Flag Link Mon Jun 2, 2008
Hi Rob,

If you want new construction and you want to pick your lot and make all the color choices,etc. -- it could take six months or more to complete construction depending on weather and the size of the home. On the other hand, we could find you the home of your dreams on our first showing and you could close in as little as 2 weeks. There are great homes that do not belong to HOAs and are not in subdivisions. I am sure you have already completed this step, but just in case, you need to sit down with the banker/mortgage broker of your choice (who can do loans in NC) and get pre-qualified. If you contact me I can refer you to some great bankers and/or mortgage brokers, if you are not working with one. It is very disheartening to find the home of your dreams and lose it to another buyer, because you couldn't submit an offer -- since you didn't have a pre-qual letter. Visit my website and use the advanced search to get an idea of the inventory available in the area. My website is: http://www.dreamsintorealty.biz. My cell is 919.244.0754. Remember, turn your DREAMS into REALTY!!!

Carolyn A. Bell, Realtor
Keaton Barrow Realty
0 votes Thank Flag Link Wed May 28, 2008

I have a great lender that is also approved by the City of Cary. I would suggest that you talk to someone now and get approved before you ever come down here to start looking.

You can search for properties on my web site 24/7. If you would like the lender's information, just contact me through my site below.

Have a great day!
0 votes Thank Flag Link Wed May 28, 2008
Stanton homes has some good points it really depends on what you want. Yes you can find homes that do not have HOA fees or small ones depending on the neighborhoods and if there are any amenities. Most builders (depending on the size of community) have their developments set up with HOA's to defer the cost of the common area maintence. So if you are looking for existing housing there are plenty of options out there. Many agents in the triangle area have websites that link to the MLS so if you link up with an agent now you could be starting your search from home up in DC. Once you see what is out there then you can start picking favorites and communicate to the agent which ones you want to see and make a trip down. In the meantime they can be looking for you also and send you possibles based on the criteria you come up with. They will need to know how large, how many beds and baths, do you want a yard, a fenced yard, a garage, how many square feet, anything you want in the home, a fireplace, wood floors vs carpet, So just think of what you are looking for and it will help narrow the search.

Hope this helps,
0 votes Thank Flag Link Wed May 28, 2008
I'll answer these in reverse order - yes, you will definately be able to purchase a home that is not part of a HOA/Community. I was JUST OUT (15 minutes ago) looking at various new home subdivisions in the Garner, Fuquay, Holly Springs areas. From my perspective, being a native of this area and involved in the business for over 20 years, you might WANT to be part of a community only because you might find a higher appreciation rate. That something you will need to speak with your agent about more directly, giving them details about why you would rather not.

Regarding looking for property / a home and the time it takes. There are several differences in purchasing a home in Maryland, or VA or DC (for that matter), and I would encourage you to speak with a lender who knows how NC financing works prior to any major "shopping trips." Our closing costs are different, and some of the subtle differences might make a difference in what you ultimately decide to purchase. My experience is that folks will come here for interviews with agents, then narrow the process down on the net, and begin the purchase process in earnst 120 days prior to the desired moving time - IF THEY ARE LOOKING AT EXISTING PROPERTIES. If you are interested in building, you should start NOW (IMHO) Good Luck!
0 votes Thank Flag Link Tue May 27, 2008
I also relocated from the D.C. area about 7 years ago. I would allow several months to be safe, a lot of it depends on your wants and needs for a home and obviously (price point). The Cary area is wonderful. I showed 2 houses last night in Northwoods which is a subdivision, an older one which has no Home Owners Fees however most of Cary is going to have some restrictive covenants.
I would love to help you find your new home, please check out my website and email or call with any questions.
Thanks, Michael
Web Reference: http://www.colvinm.hpw.com
0 votes Thank Flag Link Tue May 27, 2008
I would start searching in a month or so if you are looking at 6 months away...it is a good time to buy now and it will stay a buyer's market for another year at least, but you want to start your search early. There are parts of Cary where you can find no HOA, but the Town of Cary is strict and may enforce certain things an HOA normally would...Hope this helps and check out http://www.CaryOpenHouse.com
0 votes Thank Flag Link Tue May 27, 2008
Hi Rob,

First you should get pre-qualified for a loan so you know exactly how much you can afford. It all depends on you, some clients can see ten houses and make an offer while others require viewing considerably more properties before they make a decision.

It is possible to find a home not part of an HOA in Cary. It all depends on what area, price point your looking at.

Web Reference: http://www.LizeteSantos.com
0 votes Thank Flag Link Tue May 27, 2008
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