Question Details

April, Both Buyer and Seller in Potomac, MD

If you could buy anywhere in the States where would you purchase? $100k to $200k?

Asked by April, Potomac, MD Sat Mar 29, 2008

Knowing that you may be transferred and have to sell in 18 months and your price range anything less than $200k. Must be in or near a large city (close enough to commute easily)? Please don't tell me to rent.

Help the community by answering this question:


The answer to that question is that you must find a market that is at or near the bottom of the market and on its way up. I coach people all over the United States on how to profile markets for investing. One way to do it is to go to and look at the current HPI index. I am usual looking for a market where the one year appriciation rate on housing is less than the current quarter appriciation rate, times by four.

Another way is to look for areas that have lots of new jobs coming into the market., like that is where the government reports employment stasticts by markets.

look in :Ann Arbor, MI, Appleton, WI, Augusta-Richmond County, GA-SC, Boulder, CO, Burlington, NC, Fort Collins-Loveland, CO, Iowa City, IA, Longview, WA, Rapid City, SD, St. Louis, MO-IL,

there aere many others.
Web Reference:
1 vote Thank Flag Link Sat Mar 29, 2008
Ok any of the aforementioned areas would work. Asheville and High Point being the smallest of the group. As far as the homes for the price there are plenty of excellent homes for that price range in the Triad area. I just closed with clients on several. As far as the traffic problems it depends on which direction you are going at rush hour.
As for the neighbors throwing dishes so what kind of neighborhood did you want??
Anyway I am sure we could find you something to fit your needs in North Carolina easy enough. I always ask for my clients needs and wants. The needs we will fill 100% the wants will end up being a price factor.

So if you need any info just drop me a line or if you have any questions feel free to ask.

Larry Story
Coldwell Banker Triad
1 vote Thank Flag Link Sat Mar 29, 2008
I guess my first question is are you looking to buy a place and then sell it or are you thinking of keeping it and renting it out? Also how large of a city do you need to be near? In North Carolina we have several areas with a good size metropolitan base. I live in the Triad area of Greensboro, Winston Salem, and High Point. There is also the Triangle area of Raleigh/ Durham. Then of course there is Charlotte. The market in the triad is good. The average days on market according to our MLS service is 86 and the average price of the homes is on a steady constant rise. If you are looking at relocating in 18 months are you wanting something like a condominium/townhome or something larger. The price range is no problem in this area. There are alot of options for the prices you are looking at. If you like I have a website I work with that can give you the ability to search our triad MLS service yourself. Also we could communicate back and forth through the website. Everytime you leave me a note the website will automatically notify me and I can respond back with more information on the property to better help you make an informed decision. So if you decide to look in this area just let me know or I can refer you to a top agent in another area if you like.

Good luck and Good House Hunting,
Larry Story
Coldwell Banker Triad
1 vote Thank Flag Link Sat Mar 29, 2008
Dear April,

My Choice would be Charlotte, NC or surounding areas
It offers the perfect balance between life style, affordable housing, economic development and opportunity,
Please research it. If I can be of further help please give me a call with your questions.

Angelica Traub
Coldwell Banker United Realtors
1 vote Thank Flag Link Sat Mar 29, 2008
Definitely Nashville! As a proud Nashville native, I love what our city has to offer! We have loads of music (and contrary to popular belief, it's not all country!), restaurants, shows and our homes are SO affordable! There is a relatively low crime rate here and we have four definite seasons of the year! Nashville is a GREAT place to live!
0 votes Thank Flag Link Wed Apr 2, 2008
To answer your questions.

1. I would only be interested in selling. I would not be interested in renting it out.

2. The size of the city I would want to be close to. Well, instead of a population number, I guess an easy way to describe what I consider large would be a city where a large number of people commute to that city for work every day. If it's not large enough to have some traffic problems with commuters every afternoon, then it probably isn't large enough. (or it has a highway system I haven't yet encountered)

3. I wouldn't really be interested in a condo. And townhomes don't seem to hold there value as well as a house. Seems like they end up being turned into rentals after the original owners move on and up. So, I think I will stick to houses. Plus, I won't hear the neighbors throwing dishes if I dishes if I am not connected to someone elses living quarters.

thanks for the link too
0 votes Thank Flag Link Sat Mar 29, 2008
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