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Market Conditions in 27515 : Real Estate Advice

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Activity 9
Sat Feb 2, 2013
Linda Cromartie answered:
Yes. Back in the day properties with no access to gas pipelined used either fuel oil furnaces which required storage tanks or electric heat pumps. We are so glad to have the new high efficiency heat pumps which actually produce heat! ... more
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Mon Feb 4, 2013
Clarence Lupton answered:
It depends on the price, lot size, and location. I would be glad to have a market analysis and give you a idea of the market and price to list the property for. email me at clupton@meadowmont.com. or go to my website www.meadowmontrealy.com.

Clarence Lupton
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Mon Feb 4, 2013
Pete Flint answered:
Hi CCP,
Trulia provides this information for most cities and real estate sales across the US.
Select "recently sold homes" from the list on the left hand side of the search results under the "find homes" tab.
A link is here http://www.trulia.com/sold/Chapel_Hill,NC/ for Chapel Hill. This contains the info you should be looking for and you can search in a similar way using price ranges, dates, etc.
you might also want to use the advanced search tool here: http://www.trulia.com/advanced/ and select recently sold from the Listing Type section.
Hope that helps
Pete
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Thu Aug 6, 2009
Michael Colvin answered:
I would be happy to provide you quarterly reports, if you tell me exactly what information you would like to have.
Michael
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Mon Feb 16, 2009
Barrett Powell answered:
I have seen values all over the board. Some I have seen have been fair. Some I have seen have been outrageous. I think the trend for some used data starting in late 2006 just before we saw the economic slowdown. Those folks should dispute their values.

Even though Chatham has remained fairly strong, compared to other parts of the Triangle, prices have not increased by the percentages the County is increasing values. For the most part, values have remained constant in some areas, fallen in others, like lot prices in some areas.
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Fri Feb 13, 2009
Linda Cromartie answered:
Hello Allblue,
Builders have gone bankrupt because they have not been able to sell homes already built and had to reduce prices to try to clear out their inventory. Builders generally quit moving on the the next phase of project development...and so on and so on. Also, Builders were not able to access credit to continue building.

If a builder in bankruptcy has an inventory of homes left, you should be able to negotiate a good deal.

However, I expect most if not all builders will raise list prices this spring on pre-sales as they are moving back to list prices in line with the true cost of production, including a profit margin.

Finally, spring is the busiest time for real estate, no matter what the market conditions, and housing conditions seem to be slowly improving around the country.

That said, all real estate transactions are negotiable; it pays to have a Realtor Buyer Agent represent you even when purchasing a new home (it's amazing how many buyers do not realize this); but don't expect the kinds of bargains available until recently on new home inventory (already built) purchases.

Of course, any negotiating power increases or decreases wil the popularity of a specific area at a specific time.
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Tue Apr 1, 2008
Laura Grace answered:
I was not sure if you are thinking about renting or owning. There are some great opportunities if you are interested in purchasing a place and want a room-mate. Many of the 2 bedroom townhouses and condo developments seemed to be thinking of the room-mate situation. They have two large bedrooms with separate baths. Even on the bus-line. You did not mention a price range, but there are certainly affordable opportunities. If you decide you would like to work with a Realtor, please do contact me. I am certain we can find a place to meet your needs.
If you are looking for a rental I can put you in contact with a company that may have an opportunity for you.
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Wed Dec 12, 2007
Penny Parker answered:
I would say that the rate of appreciation over all on detached housing is better but you would also have to factor in on both accounts the area that you want to buy in and also the subdivision. You would also have to ask yourself what you want to achieve. Are you going to live in this or is this an investment property?

With that answer, there are many more questions you would need to ask to determine what type of property would best suit your needs.

I would be glad to help you as I was an investor before becoming a real estate agent. I also own two condos in Raleigh. A couple of books that have helped me in the last year are The Millionaire Real Estate Investor and The Flip Book by Gary Keller.

Good Luck!
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Thu Feb 26, 2009
Marianne Howell Wright answered:
Yes, generally homes in zip 27517, Chatham County have increase in value but the percentage depends on the neighborhood, condition and the age of the home. There are lots of factors which determine selling price and statistics don't paint the whole picture. For example, some neighborhoods within Governors Club have seen a higher rate of appreciation than other areas of the community because of an increase in new construction bringing rising prices along with the new homes. ... more
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