I'm not familiar with the houses in Chapel Hill, NC but we do have PB piping in Arizona. All I can tell you is, after the Class action lawsuit of Cox v. Shell Oil in 1995 was enough to make it no longer useable by U.S. building code standards. It last anywhere between 10 to 15 years after that it starts to leak from the inside out causing catastrophic damage. I recommend you negotiate with the owner to replace it with copper piping instead.... more
A buyer agent should be well experienced with new construction. The easy part is finding a neighborhood and builder. The hard part is negotiating a great deal for the buyer with upgrades and extras. The hardest part is making sure the home is built to specification. Many builders only pay a small amount to buyer agents. There is not much to split. You may find many discount agents willing to split are not that experienced with building, listing new homes or selling new construction from start to finish. You should ask up front what experience they have, what they can do for you and what they may charge... more
What is your question exactly?? You shouldn't pay any attention to what a seller bought a property for. It has zero to do with what its value is today. If you're a serious buyer, then you should hire a Realtor as your Buyer's Agent. He/she can help you find properties that fit your budget and search criteria. They can also create a market analysis for the property to determine "fair market value".... more
I bought a cimarron home because I read so much good about them online. I bought in 2008 and have had nothing but problems. Mainly with drainage and nail pops.
Now... I know all new homes have nail pops and cimarron did fix them (at first). Initially we had more than 400 nail/screw pops (not kidding). they fixed them and within weeks there were more... hundreds more within months.
I met with the owner of the company who came to my house. He saw how bad it was and said they would fix them again. I said,"but there's a problem. this shouldn't happen. they're gonna pop again." His response was, "I will keep coming back to fix them until you're happy."
That made me feel good. So I didn't worry about it for a while. Around a year later I contacted the office and was told they would NOT be fixing them anymore.
So... basically I've spent thousands on drainage... thousands more on spackle and paint and my ceilings still look like I live in a warzone.
I just find them to be dishonest. And I would never recommend them.
I will again spend thousands on spackle and paint, right before we try to unload this house. But never again will I buy from them.... more
I reside and work down the road from where they are building creek side at bethpage. All I can speak to is the neighborhood. I haven't been inside any model homes but I drive by there everyday. The area is quiet, convenient to brier creek which is where you'll find shopping, dining, movies etc. There's an elementary school being built also down the road. In my opinion this is an area that is up and coming. There's quite a bit of building and construction going on throughout page rd. which is a good sign that the area is growing which means homes will probably appreciate very well. And the airport is 10min away. Definitely worth visiting for sure. Hope I was able to help a bit.... more
3013 propsect Parkway closed nine days ago and sold for $243,000. I live here in Durham and know it well and specialize in buyer Side Brokering. If I can be of any assistance feel free to contact me through my profile here on Trulia.... more
Lease to own is a terrible idea for someone who has financial challenges (ie - poor credit, no down payment, high debt, inability to qualify for a mortgage, etc)
You could lose a lot of money as you will be expected to give a non-refundable deposit, as well as pay an amount of rent over and above the usual rent.
Only that rent overage would be applied to the purchase, and you will forfeit/LOSE all of it if you do not buy the home for any reason at the end of the lease term.
So, if you cannot obtain a loan now, you better be absolutely sure you will qualify later or risk losing a lot of money.
Your best option is to rent in the normal way for the time being, and work on those issues that are keeping you from buying a home now......then buy when you can do so in the normal way when you will have a full selection of homes from which to choose (very few rent to own homes out there now).
This might not be what you want to hear, but it's the safest way for you to go as rent to own strongly favors the owner, not you, the tenant!
Be very sure you understand what rent to own means!!
It strongly favors the seller NOT the buyer.
Do not sign anything without having an attorney look it over.
Usually there is an upfront deposit, as well as rent over and above the usual rent (only that rent overage will apply to the purchase, not all of the rent you pay in) - all of that money is forfeited if you do not buy the home for ANY reason.
So, if you cannot qualify for a loan now, you better be sure you will qualify at the end of the lease or else you risk losing a lot of money.
You also have to hope the landlord/owner is current on HIS mortgage payments or you can say goodbye to any money you paid in.
There are very few rent to own homes out there as most sellers who want to sell, and can sell, sell now not later.
My advice is to rent in the normal way while working on whatever it is that is keeping you from buying a home now. You will then have a full selection of homes from which to choose.