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Market Conditions in Cary : Real Estate Advice

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  • Local Info24
  • Home Buying118
  • Home Selling10
  • Market Conditions8

Activity 19
Tue Feb 11, 2014
Linda Cromartie answered:
Hello, The home you like on Deer Isle Court in Twin Lakes is already under contract and, indeed, nice homes in that area sell very quickly so your best bet is to hire a buyer's agent to make sure you are completely ready to make a good offer which would be accepted. The agent can set up a search in the Multiple Listing System which would meet your needs and then alert you as soon as a home comes on the market.
Best of luck to you in your search for a new home,
Linda
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0 votes 3 answers Share Flag
Wed Feb 5, 2014
B J Barratt answered:
Good Morning 'Keebville'

I would be happy to assist you with information about this home and about the Raleigh Triangle in general. Relocations are my specialty. You can contact me directly at
bbarratt@fmrealty.com or call 919-267-3004

B J Barratt
Executive Club Agent
Fonville Morisey - Long and Foster
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0 votes 3 answers Share Flag
Tue Jan 28, 2014
B J Barratt answered:
The Base schools for this address for 2013/2014



GREEN HOPE ES (Trad)

DAVIS DR MS (Trad)

GREEN HOPE HS (Trad)

If you have any other questions or need a REALTOR I'd be happy to help you.

BJ Barratt
Fonville Morisey
bbarratt@fmrealty.com
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0 votes 2 answers Share Flag
Thu Jan 9, 2014
Jim Bartlett answered:
Hi pattyelizabeth1 - It does have a Dining Room next to the kitchen and it has a breakfast nook area right beside the kitchen. Would you like to go take a look? I am very familiar with this part of Cary as I live only a few blocks away. Give me a call or drop me a note
Jim Bartlett - Cary Home Seller
919-961-1238 jim@caryhomeseller.com www.caryhomeseller.com
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0 votes 6 answers Share Flag
Sun Jan 5, 2014
TLC Realty Group answered:
Hello

You can go to the following link, put in any address and see what school your kids will be assigned to based on that address. There are some school in Wake county that are at their maximum capacity, in that case you will be assigned to a neighboring school. To further confuse you there are calendar options and magnet schools to apply for. Contact me if you have any questions.

http://wwwgis2.wcpss.net/addressLookup/

Tammi
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0 votes 2 answers Share Flag
Mon Dec 30, 2013
kypham asked:
This question was asked from http://www.trulia.com/rental-community/9000006677/Oak-Hollow-100-Kempwood-Dr-Cary-NC-27513/
0 votes 0 Answers Share Flag
Mon Dec 2, 2013
John Davison answered:
Susan,

Yes they do and they even have their own dog park! To be notified of the status updates for all properties in Waterford Lake as they immediately become available or go under contract, please contact me and I will have one of my agents establish a specific notification system just for you, linking you through our Triangle MLS site, which only Realtors can access. We look forward to assisting you!

Regards,
John Davison
Broker, CFS, AHS, CARS
The J. Davison Realty Group
Coldwell Banker Advantage
2128 High House Road
Cary, NC 27519
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0 votes 3 answers Share Flag
Sat Nov 23, 2013
Franklin.bolton answered:
I have a home in the Picardy Pointe Sudvision in Cary that I am presently renting. This homei is for sale or rent. The lease runs until the end of May 2014. I f you would like more info please feel free to contact me. I am the homeowner.

I can be reached by email or phone:
franklin.bolton@envivabiomass.com
804-338-5435

Thanks,
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0 votes 11 answers Share Flag
Sun Mar 10, 2013
Lynn Gardiner answered:
I am very familiar with this area. What do you want to know?
0 votes 2 answers Share Flag
Sun Feb 3, 2013
Tracy Santrock answered:
Cary, North Carolina has regularly been rated as one of the top places to live and also #3 Safe small town in America. Wellsley is a community less than a mile from my office. It has larger lots and is very established with a great swim team. As the others mention below click on a few of the links for details on the safety in this area. ... more
0 votes 4 answers Share Flag
Sat Jun 23, 2012
Michael Colvin answered:
Hello Slholsey
If you look at the attached link you will see average days on market is 100 however a couple of properties were much longer than that and the others were much shorter, so the true average would have been much less if the 2 were not there, out of 11 properties that sold this year the average days on market for 9 of them was much lower, it really depends on how the home is priced and the condition at the time of listing. This is assuming you are speaking of Kildaire Farms in Cary. I would be happy to assess your home for you.
Michael

http://tra.mlxtempo.com/DotNet/Pub/GridReportView.aspx?r=1764023164&s=TRA&t=TRA&g=1
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0 votes 2 answers Share Flag
Tue Jun 19, 2012
John Davison answered:
If you don't have to sell your house, then you are not strongly motivated and the house will just clog up the local inventory and sit unsold, then when you go to sell it some day down the road, people will wonder why it didn't sell this time. Don't waste your time. Selling a house is as much of a commitment on behalf of the seller as it is on the part of the Realtor to get it sold. If you're not going to be aggressive and committed to the process, don't do it. ... more
0 votes 13 answers Share Flag
Thu Apr 19, 2012
Tracy Santrock answered:
Joe,

I recently listed a finished basement home in Carolina Preserve and specialize in Active Adult Communities in Cary. The Emerald Collection homes with a Basement are the most expensive in the community and there are no more new homes for sale. This has driven up demand for resales. The only other finished basement homes at Carolina Preserve will be a few Dogwood lots in the last phase and the model homes. Given my experience in the community I'd be happy to answer any questions you may have. ... more
0 votes 4 answers Share Flag
Tue Mar 6, 2012
Linda Morris answered:
I don't think it will hurt the northwest Cary/Apex market. It will make those homes much more accessible to RTP. Plus, you can buy a FASTPASS that will reduce the cost of frequent trips on the toll road. I believe that this road will actually increase the market in NW Cary and Apex. Both cities are very sought after and I get calls every day to show homes in these areas! ... more
0 votes 2 answers Share Flag
Tue Mar 9, 2010
Scott Riggsbee answered:
Well Jeanne from NJ is right about one thing. This question is asked all the time in every market. And the answer should always be, there is no set % below a listing price that is a standard. The only thing that matters is MARKET VALUE. get an agent that knows the market to do a Current Market Analysis for you showing the true market value of the property. And comps don't have to be in that particular neighborhood, they can be in the surrounding areas, as long as they are similar neighborhoods(home sizes, popularity, age of construction and General Location) . A good agent can look at all these factors and tell you what the home should be selling for.

Secondly, just because it's been on the market for 5.5 months doesn't mean that it's priced out of the ball park. In our area of the sandhills of NC, we have a lot of outside money coming in. IE Military buyers coming to Fort Bragg, tourism because of Pinehurst, golf, retirees, etc. 3 years ago, average days on the market for a property priced at true market value per sold comps(in last 3-4 months), was around 90 days. Some priced too cheap sold quicker, some overpriced properties took longer, but correctly priced properties took around 90 days. Now with the market the way it is in 2009-2010 we are averaging about 190 days on the market, for solds at True Market Value. So the fact that it's been out there for 5 1/2 months means nothing.

Lastly, if you're agent is good, they'll research the property through county records and find out: What mortgages are recorded on the property. (Gives you a good indication of how much they probably owe). This will help with deciding what to go in at with the first offer. Has the property ever been in risk of going into foreclosure, or is it currently in any risk of going into foreclosure? This will also give you an indication of How motivated the seller may be. Does this seller own any more property, and is that property in any trouble? All of this info puts you in a better postion to negotiate a better price on the property, or gives you a true picture of What your chances are of getting the property cheaper. This way you know the real deal. They can and will tell you anything that they want you to think. True or False.

There is no set standard %. Ultimately, it boils down to each unique situation, and market value.
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0 votes 6 answers Share Flag
Wed Aug 12, 2009
Tracy Santrock answered:
I ran the numbers for homes sold in Cary zip code 27519 in 2009. The Average DOM for a homes that actually SOLD this year is 136. There have been 404 homes sold in this zip code in 2009 through 8/11/2009. I hope this helps. ... more
0 votes 7 answers Share Flag
Fri Feb 6, 2009
Jennifer Donahue answered:
John,

Great question, I forwarded it to our mortgage specialists. Here is their response. I hope it helps!


John,

Hope you are well. This is a good question!! I am assuming that the 4.5% is going to 5.25%. Is that correct? The best way to evaluate your mortgage refinance situation is to put you on a rate watch. We can do a quick over the phone mortgage application and work the numbers based on current quotes. We will then have your base information and start your rate watch program. After working the numbers, you can decide at what point it makes sense to refinance based on new payment and the number of months it takes to recoup your closing costs fees. Beware of companies that state “no closing costs.” They may not charge them up front, but build them in on the back which will affect your payment for 30 years.

Also, we can run some numbers on your current home to see where values are. It would be great if you had enough equity to drop your PMI payments. Do you currently have PMI on your mortgage?


Take care and talk to you soon,

Greg and Claudette Anderson
Alera Financial
919-272-6589
... more
0 votes 2 answers Share Flag
Mon Dec 29, 2008
Tracy Santrock answered:
I actually did this with my personal home this past year. We purchased a new home and with the current market conditions were presented with a family that will be in Apex for four years on a corporate assignment. We are very lucky to have such great tenants. On the other hand I've witnessed first hand what tenants can do to properties and how homes appear to potential buyers if they are being leased. Whilte it's a great source for cash flow there are several tax implications including depreciation, expensing any repairs, tenant homeowners insurance policy, and other liability issues. ... more
1 vote 3 answers Share Flag
Sun Jul 27, 2008
Jeromy Wilkens answered:
Unless there is some other major goal to accomplish, ie high interest debt, cash out for home improvements, etc, I have to agree that I do not see a benefit, as long as you have every detail correct here. If your capped at 6.75 for the year 2009, you have time for the housing crisis to play itself out more and let the market settle after an election. The issue you may be facing is the equity you have in your home, remember you have not paid very much towards principle, factor that with a declining market and it could be difficult to refi and/or sell right now. A refi right now would only get you a rate of 6.5% at par, with only a slight benefit in the future, you might get a bigger refund check from uncle sam, but that's not a sole reason to refi. Stay put, keep an eye on the market but don't rush into anything ... more
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