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Home Buying in 27613 : Real Estate Advice

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  • Home Buying8
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Activity 170
Tue Aug 5, 2014
Venita Peyton answered:
Yes! All throughout! The price is determined by the location and size. Some with/without a garage. In some neighborhoods one can be completed within 3-4 months. Again, it depends on cost. ... more
0 votes 16 answers Share Flag
Wed Apr 13, 2011
Don Maclary answered:
With the price of gas start looking near your jom in an area that feels good to you. And do not waste any time we are in a good window of time to get a good interest rate.
0 votes 9 answers Share Flag
Wed May 11, 2011
Thomas Bohlmann answered:
Sheryl

If the phone rings and rings, and there is not an answering machine, do you really want to work with some one like that?

There are so many great opportunies.

Good Luck
0 votes 3 answers Share Flag
Mon May 2, 2011
Heather Rand answered:
Hi AlexisNicole, I am happy to help. I work primarily Inside the Beltline and near NCSU. You're not by chance roommates with a KellyB are you? We're helping her look for a similar rental. You can reach me through my website: www.HeatherRand.com ... more
0 votes 4 answers Share Flag
Thu Jun 16, 2016
Kristina Ellis-Godoy answered:
C2P loans currently are very challenging. It isdifficult to find a bank that will do it at all. The ones that are doing it want at least 20% down, not only on the lot but on the entire build out. They also want to see a floor plan and want to know who the builder will be. Long story short, banks want at least 20% of the final price to come from buyer prior to funding. As mentioned above, very challenging. Hope this helps, take care.
If you happen to find a bank that will treat you better, by all means please advise!
... more
0 votes 20 answers Share Flag
Mon Nov 1, 2010
Mary Rives Brown answered:
Hi! Don't feel alone. There are many people, including many real estate agents, who are in the same boat as you are. There are additional ways to buy a home besides going through a conventional lender. You can work with an agent who has a working knowledge of Sellers who may be willing to provide financing for you. For example, let's say you find a home you like and the Seller, because they do not owe any money on the home (they are out there!) may be willing provide the financing. How do they do that? They act just like the traditional lender. They will expect a credit report and other financial information and you both will need not only a skilled real estate agent who is well-versed in crafting such a contract agreement, but in this case you may be wise to have an attorney review the paperwork for any loopholes that could hurt either of you. This is just a sketch of an outline of what is involved and is merely intended to get you to think a little outside the box. One benefit of this arrangement is that you will save a lot of money on closing costs. If you are interested in hearing more, please think about this a bit more and post your questions here. ... more
0 votes 8 answers Share Flag
Sun Apr 3, 2011
Mike Jaquish answered:
Paul,

Our market has been better than many across the country.
But, pricing dynamics are segmented within price range and geographic location around N Raleigh.
So, it depends on the sort of property and the specific N Raleigh location.

Paying Cash makes an offer look strong. It may or not save you money, but it certainly gets Sellers' attention, as they know they will not wait for a bank to approve a loan.


Before you talk too much about having cash, or other confidential information, read this publication from the NC Real Estate Commission. Among other things, it tells you to avoid disclosing info you would not want a Seller to know:
http://www.ncrec.gov/publications-bulletins/WorkingWith.html
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... more
0 votes 9 answers Share Flag
Sun Oct 10, 2010
Beth Gaffer answered:
Hi Erin,
There are some lovely neighborhoods in Wendell and Zebulon that could meet your needs. I would be glad to send you some home listings.
0 votes 6 answers Share Flag
Fri Oct 22, 2010
Larry Story answered:
Maryan,

There are several things to consider when purchasing rental property. First determine you target market of renters. Are you wanting young professionals, families, older consumers. That will help you determine where you buy. For example if you want to target families then look in the area with the best schools.

Now as far as a single family home or a townhome. You must weigh your pros and cons. A single family home means you or your tenant is going to be responsible for the upkeep of the yard and the exterior of the home. The townhome is usually maintained by the Homeowners Association. Now there is the issue of the added expense of a HOA fee for that upkeep versus no fee if you buy a single family home in a neighborhood without an HOA.

The last question is are you going to manage the property or have a licensed professional property management company do that for you. They usually charge 10% management fee for such a service.

Hope this helps,
... more
0 votes 3 answers Share Flag
Fri Oct 22, 2010
Mike Jaquish answered:
Jack,

This is a great fundamental issue for your agent to handle. If you are not using an agent, you should have a real estate attorney work with you on preparing the offer.

No one here has seen what you are using for an offer and no one here is your agent, so no one can give you legitimate advice here. ... more
0 votes 7 answers Share Flag
Mon Sep 27, 2010
Doc & Ellen Stephens answered:
North Carolina is not one of the community property states (like Texas). So, generally, what you buy is considered yours separately. Some lenders may require both to be on the loan and on the deed for additional security. Your best source of authoritative information is to ask a local board-certified Real Estate Attorney to clarify each of the issues related to Title and Liability.

Doc
... more
0 votes 9 answers Share Flag
Sun Feb 3, 2013
James Oksen Jr answered:
Mr. Casabuyer,( funny name)

Chatsworth is a very high end community and has only had 2 sales in the past 12 months. One of those sales being a short sale and the other a regular market sale. When looking at list price to sales price the difference between both of these sales was about 5%. Keep in mind that this does not take into consideration the original list price to sales price. If it did then the short sale original list to sales price difference would be more like 27%. If a property is priced correctly it should be somewhere around the 5% level.


There are currently 7 houses on the market in Chatsworth priced from $674,900 to $1,995,000. But are they priced correctly? That is the question of the day. There will need to be more homework done than a quick answer to answer that question. I would be happy to look into that for you, just call me at 919-610-5203.



Have a great weekend!

Jim
... more
0 votes 5 answers Share Flag
Fri Aug 27, 2010
Mike Jaquish answered:
Sharon,

Zip Code is not a determining factor, but you can search attendance based on address or view assignment maps here:
http://www.wcpss.net/growth-management/assignment.html

Bear in mind that we have a new majority on the Wake County Public Schools board that is overhauling school assignments and trying to keep kids in schools closer to home.

The 1/3 acre is your biggest hurdle, particularly if you want new construction.
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... more
0 votes 9 answers Share Flag
Fri Oct 22, 2010
Jeff Michaels answered:
Ashly,

There are a number of options available around State. I work that market pretty hard for investment properties and you could probably get a lease with a option to purchase or find a good deal depending on what your budget would be. I have a database of all the owners in that area and contact them from time to time. Many would entertain a sale even though it may not be "on the market." ... more
0 votes 1 answer Share Flag
Thu Nov 29, 2012
Scott Wynn answered:
Yes. Being a first time home buyer provides the ability to qualify for first time buyer programs in your area. Although there may not be any Federal programs available (i.e. $8000 tax credit) right now, there are many local options available.

Here is a the site that HUD has for your area to show the programs available in your area:
http://www.hud.gov/local/nc/homeownership/buyingprgms.cfm

For Raleigh they provide the following homeownership agency:
North Carolina Cooperative Extension Service
4001-E Cary Drive
Raleigh, NC 27610-2914
Contact: Frances Turner
(919) 250-1113
... more
0 votes 2 answers Share Flag
Wed Mar 21, 2012
Anna M Brocco answered:
Your attorney is your best source of advice, what is he suggesting and what does your contract state--again, direct any and all questions to your attorney.
0 votes 10 answers Share Flag
Wed Aug 25, 2010
Carla Freund answered:
Dear Ks998,

Wow, you probably have a lot to choose from depending on your particular criteria. First, you need to determine your criteria such as number of bedrooms and baths, age of property, how far you want to drive, size of home, parking needs, and type of home (single family, townhome, manufactured home) etc. You may consider Willow Springs, Clayton, Garner, Knightdale and Fuquay-Varina in your search. Then you need to prioritize. You should also check the schools out at www.wcpss.net. You're welcome to search for homes here: http://www.carlafreund.com/search.asp Whatever you do, get a good Realtor who can give you personalized service. http://www.ncrec.state.nc.us/publications-bulletins/WorkingWith.html

Best of Luck! Carla
... more
0 votes 11 answers Share Flag
Tue Aug 10, 2010
Drew Ludlow answered:
I've worked as a Buyer Agent with Graebel. Good luck! :-) Seriously, they are pretty slow and unorganized.

There is a big caveat that your Buyer Agent must be able to overcome. Do you have an agent working on your behalf?

Graebel mandates that the Offer To Purchase be written so that they are the Seller. BUT, your lender is going to need a paper trail to show that this, indeed, is the case. Your lender is going to need Graebel's contract with the Seller. But, when I worked with (against) them, they did not want to produce this document stating that it is a private contract.

Well, no document, no sale.

So, this must be overcome earlier in the process than later. Tackle it now, otherwise, it will become an obstacle at closing.

Feel free to contact me if you have any questions.

Regards,
Drew Ludlow
... more
0 votes 9 answers Share Flag
Sun Feb 3, 2013
Anna M Brocco answered:
There are no set standards as to how much less to offer--you need to review recently sold similar properties in the immediate area, review the data and make your determination as to a fair offer--is the property priced on target for today's market or slightly below--if so, multiple offers may occur--you agent can best advise as it relates to your specific situation. ... more
0 votes 8 answers Share Flag
Thu Jul 29, 2010
Mimi Francis answered:
Hi, Alice - congratulations on your impending retirement! The Raleigh area offers a wealth of options including some terrific 55+ Active Adult Communities and many single-family and townhome communities in terrific and safe neighborhoods. Happy to speak with you to hone in on what would be your Dream Home and to make your search efficient for you! ... more
0 votes 7 answers Share Flag
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