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Home Buying in Chapel Hill : Real Estate Advice

  • All180
  • Local Info17
  • Home Buying66
  • Home Selling5
  • Market Conditions13

Activity 86
Thu Jun 30, 2016
Sally Grenier answered:
Why yes, let me do all that work for you right away! I'm kidding. Why not hire a REALTOR as your Buyer's Agent?? It doesn't cost you anything, and your agent will be able to give you a CMA on the property. ... more
0 votes 1 answer Share Flag
Sun Nov 29, 2015
My NC Homes Team answered:
I operate in Chapel Hill and can assure you the median average asking price per square foot has not dropped by 37.9%. If you're getting your information from Trulia that's the problem. Neither Trulia or their parent company Zillow are in real estate. No one at either of these sites knows anything about any of the properties they present, nor do they vet any of the information listed on these sites. Thes companies are nothing more or less than Internet Advertisers and the information they present to consumers needs to be taken with a liberal dose of skepticism. ... more
0 votes 1 answer Share Flag
Tue Sep 1, 2015
Aravela asked:
Wed Aug 19, 2015
My NC Homes Team answered:
Your agent is responsible for this and should have taken care of it for you.
0 votes 3 answers Share Flag
Sat Jan 10, 2015
Jimmy Payne answered:
Trulia pulls data from public records provided by tax records. Since it is public data, it cannot be removed. You may be able to speak with the local tax office and see if they can remove it but it is doubtful they will. ... more
0 votes 3 answers Share Flag
Thu Jan 8, 2015
Yvonne Beal answered:
There are many areas convenient to both UNC and Scotts Mill/Apex - I would be happy to help you find the right home for you and your family and work in those areas often. If you are referring to public school, you will have to find a home within the district. If you are referring to one of the private schools, you will have a little more flexibility and could choose to live in Apex or in one of the communities located in East chatham county, or even down towards Holly Springs (but that would give you a longer commute to UNC). Please feel free to give me a call or email and I can help you pinpoint some areas to focus on during your search! ... more
0 votes 2 answers Share Flag
Wed Sep 24, 2014
Uccjxe answered:
I don't live there and (more importantly) I'm not a real estate agent. But common sense will tell you that a sewage plant will occasionally stink, leak, and be a nuisance. And if you were to try selling your house there someday for top dollar, everyone would point that out to you (including your listing agent). ... more
0 votes 4 answers Share Flag
Thu Sep 18, 2014
Rudi Hofmann answered:
Joe- I assume you are planning on making this an all cash transaction, are you?

Should you seek financing you shall find that fairly difficult to come by due to comparable sales on "Like Property."

On specialty properties the availability of lenders with a "common-sense-approach are far-in-between.

If this is the case I may be able to help you. .... Happy funding- Rudi
... more
0 votes 8 answers Share Flag
Mon Aug 18, 2014
Linda Long, M.Ed. answered:
Hey Annette
Do you need help finding a home in Chapel Hill? If so, call me at 919 260 8586 or email llong319@yahoo.com. I'm a licensed broker with Keller Williams and have lived in Chapel Hill since 1997. ... more
0 votes 2 answers Share Flag
Thu Aug 7, 2014
Luz Santiago answered:
what can you do on the lot, how about building a Storeage unit or garage. could that work on a lot with no perk?
0 votes 7 answers Share Flag
Wed May 21, 2014
Vivian Olkin answered:
Hi,

I am surprised that you haven't received many responses. I own and manage my own properties except for some I bought in a transitional area of Durham. I've sold several that I owned in Chapel Hill and Carrboro, doing a 1031 exchange right now--selling in CH, buying in Durham. I live in Chapel Hill and find the opportunities in Durham to be more favorable than Chapel Hill/Carrboro. However, if you want this area and are willing to pay the premium, there are some opportunities.

I work with investors, though prefer to stay away from those who have unrealistic expectations about price. The days of great prices and low-ball offers are over. That doesn't mean you can't get a good deal, especially if you are willing to upgrade properties. I almost always upgrade my properties to get good tenants, and it works.

Who doesn't have experience with short sales and foreclosures these days? I am willing to do short sales if you understand that it is a very slow process, and the number of short sales is greatly reduced. There are hardly any in CH/Carrb--same for foreclosures. The number in Durham has also gone way down, and many go to owner occupants before ever being available to investors.

I do not have as much experience with financing outside of banks/mortgage brokers. I know that hard money lenders are out there, though I don't have access to them

If you are interested, let's talk.

Vivian Olkin, aka CrazyViv
919-624-5479
... more
0 votes 1 answer Share Flag
Wed Apr 30, 2014
ProTrust Realty Team answered:
Hi- Good luck with your application to UNC. You will love the school and the area! I am a UNC graduate and returned to the area 8 years ago after 25 years in California. I can tell you this is the BEST place to live in the country. One option for you might be Hope Valley Farms (zip 27713). In the Chapel Hill area, it is tough to find a 4 bedroom under $300, but there is an older neighborhood that could be an option: Heritage Hills. Most of the homes were built in the 70's, but some are very well maintained. You could also look in the Apex area if you don't mind a longer commute to UNC. Ver best of luck to you! ... more
0 votes 1 answer Share Flag
Sat Apr 12, 2014
wydra answered:
You asked about Trulia and Zillow. I am using both but may I suggest you also look at city-data.com which provides an enormous amount of information about the make up of that area. Also, check out neighborhoodscout.com but the data is more limited and I think less reliable because city-data is based on census and public records. I would also agree with some of the other comments that the data on Trulia and Zillow is out of date and inaccurate. I checked my own home on Trulia. We've been here 15 years and have completely updated and remodeled everything - kitchen baths, mechanicals, roof, windows, etc. -in a neighborhood that consistently ranks highly. Trulia priced our home at less than we bought it for 15 years ago! Anyway, best of luck in your search. ... more
0 votes 15 answers Share Flag
Sun Mar 16, 2014
My NC Homes Team answered:
Appraiser's are not there to check the systems, that's what a home inspector does and most home inspectors aren't certified to inspect septic systems. Whenever there's septic and well I insist my buyers have these inspected or sign a waiver acknowledging that they were told to have the septic and well inspected and that they elected not to.

This doesn't mean that an appraiser couldn't have noticed there wasn't a septic but honestly that's not their job. If you had a home inspection done the home inspector would have some liability.

What you have is a straight pipe system which is illegal as it simply dumps untreated waste directly out either into a stream or in your case into the woods. You need to get a septic system installed. You may want to contact an attorney to discuss if there is a liability issue. Depending on what the listing agent represented they also may have liability and while you may not want to blame them if you used a buyer broker they also may have some liability. Really sorry you're having these problems.

I've attached a link below for anyone reading your question on Home Inspctions.
... more
0 votes 3 answers Share Flag
Tue Mar 4, 2014
Yvonne Beal answered:
Hi Laura, Jordan Lake is a great place for boating, fishing, hiking and more! Owned and maintained by The Army Corps of Engineers, it is one of the area's best amenities! Nearly 14,000 acres, with over 180 miles of shoreline, you'll have plenty of room to boat and relax. There are many communities within a few minutes of this beautiful lake, many with boat storage onsite. If you'd like more information on homes in the area that are currently available, or on the lake itself, give me a call! I specialize in Chatham County where Jordan Lake is located and would be happy to help!

Best,
Yvonne
... more
0 votes 6 answers Share Flag
Thu Jan 30, 2014
Ed Billings answered:
Certain locations within Chapel Hill are known for having a history of soil movement, while others are know for being "rock solid". If you suspect their may be a foundation issue, I've found the best course of action is to get an independent structural engineer to evaluate the situation. If there is no issue, they will issue a letter stating as such, which will give you peace of mind and assist you when you go to sell your home, down the line. If a remedy is required, they will determine the course of action and sign off on the repair.

I hope this helps.
... more
0 votes 12 answers Share Flag
Wed Jan 29, 2014
Mark Civiok answered:
Hi Tony: I responded earlier to your question and since then have decided to sell one or two of my own properties. If you are still looking to buy a condo close to shopping I can offer you 2 different options, depending on the price range you are comfortable with and the location. Feel free to call me at 919-960-6332 or reply via Trulia at your convenience. Mark ... more
0 votes 11 answers Share Flag
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