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Market Conditions in 27661 : Real Estate Advice

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Activity 27
Wed Mar 20, 2013
Chip Barker answered:
I used to work in Finance and one recruiter that friends of mine have used is Nick Palacios You may reach out to him to see if he can help with finding something for your wife.
If you need any help finding a new home in this area please let me know, I'm happy to help with that.
Chip Barker
Broker, REALTOR®
919.271.1074 (Mobile)
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Thu Feb 14, 2013
Michael Colvin answered:
Raleigh is a big city , all of those things you mentioned are not far. If you would like exact locations of specific ones let me know
0 votes 8 answers Share Flag
Fri Feb 22, 2013
Tim Moore answered:
Yes, that would be ok. It won't be the same company most likely. It will likely be the same franchise like Remax, C21, Coldwell, etc. No problem with that.
0 votes 11 answers Share Flag
Mon Feb 4, 2013
Felice answered:
Good Morning Dimauroj
Cannot use the same realtor for a home in a different state unless the realtor is licensed in both states. We can certainly refer you to an excellent realtor in CT and them coordinate the sale of your home and purchase of another. It would be my pleasure to assist you with all of your real estate needs.
Thanks and have a great day.
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0 votes 14 answers Share Flag
Thu Oct 11, 2012
Sheri Moritz answered:
You may want to post that question in a Missouri question board to get better responses. This is posted in Raleigh NC and gets emailed out to agents in that area. If you post in the area you would like to know about it will send and email to the appropriate agents. ... more
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Wed May 23, 2012
Venita Peyton answered:
As a 28 year resident, I assure you that none of our communities can be described as having a 'war zone.'. I invite you to drive up and spend a night or two walking through the area you're interested in.

I'm finding a low supply of Section 8 housing for our worthy citizens (including veterans). This seems to be for one of two reasons: 1) Homeowners do not have the funds to meet housing inspectors code guidelines and, 2) a bad rap based on a few who failed to demonstrate their best behavior.
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Mon May 6, 2013
Michael Colvin answered:
There are many factors involved in determining value, sadly tax value is low on the list. You must let a realtor help you with the purchase and construction of an offer to purchase, there is no cost to you the buyer so it would be unwise to not have a realtor.
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Wed Oct 5, 2011
Bo Bromhal answered:
There's always a need in the real estate business for someone who provides exceptional service in all the areas that you mention. I'd wonder how photography and staging fit into the rest of the tasks. My needs there are met by professionals in those fields. But do understand that most of the items you mentioned are paid for by the Seller, and not the Realtor. But we use our connections and relationships to find people like you that provide a good value and exceptional service. ... more
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Mon Apr 16, 2012
Tina Guereschi answered:

In Wakefield you can expect a range of 1,600-4,000, depending on the square footage, 2,200 sq. ft. or so up to 4,000 sq. ft.

Hope this helps.

0 votes 4 answers Share Flag
Mon Apr 4, 2011
Victory Property Management asked:
0 votes 0 Answers Share Flag
Mon Apr 16, 2012
Brenda Feria answered:
Obviously, the more people that you have in the rental market, the less you have in the housing market. As long as rentals are lower than or at what you could purchase a home for, the rental market will continue to do well. Of course the economy is having a big effect on the rental as well as the housing market. Some prospective renters/buyers are moving in with their families until the economy improves. If inflation hits, I think that we will see more of that. Once rents begin to move up in price, the housing market gets better. ... more
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Tue Nov 18, 2014
Jim Laudate answered:
Vickie, it really depends on the lender and how the home is priced to begin with. Homes here tend to be priced about the market value, taking into account the short sale, foreclosure drop. There can be some deals depending on condition. ... more
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Thu Apr 7, 2011
Mike Jaquish answered:
They wouldn't care much about the lender for someone who was putting down 90% cash.
Drees would be looking at the price against comps, and their net from the sale itself.

I9;m guessing that your offer just didn't net them enough money.
Were there other terms in the offer that could have been unattractive to Drees?
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Fri Dec 18, 2009
Michael Colvin answered:
Hi James
A lot of it depends on location, as a rule split levels are not as popular here as in other parts of the country.
I would be happy to assess your homes value.
0 votes 3 answers Share Flag
Wed Dec 9, 2009
Mike Jaquish answered:

The tax credit only applies to primary home that you will live in. It is not intended for rental properties.

You can find a tenant. The challenge is to be able to charge enough rent to pay a mortgage(assuming you will finance) and all other expenses. ... more
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Sat Nov 14, 2009
Mike Jaquish answered:
Chapel Hill/Carrboro schools are highly sought by home buyers and are a huge driver of the home prices you see in Chapel Hill. ... more
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Sun Jul 25, 2010
Tim Burrell answered:
It depends on which part of the market. My rental in Cary is never vacant, new tenants as soon as the old ones move out. The management company I work with says they rent good locations in Cary and North Raleigh very quickly for good rentals.

If the location is less desirable and the schools are not at the top of the list, a tenant might be able to negotiate a better rent.

There are plenty of properties available, as investors are buying in the Triangle, because we are one of the best markets in America.

If you want to invest here, go to for a background on the reasons why we have such a good market.
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Wed Jan 6, 2010
Miki Davis answered:

We are starting to see some energy in our marketplace, but it is still not what is traditional for us. I have a wonderful report that overviews our market for the last 10 years so that you can see that even as we have had a decline in sales, our values have held relatively well overall. It is broken down into certain areas within the Triangle and I'd be happy to send it to you. I've found that in specializing in relocation, it helps for those coming to the area to see the statistics so they can get a true feeling of how our market may be different from where they are moving from.

There are a few areas that are struggling more than others and it is important to know about those areas and why the housing prices are different. Depending on your price range and lifestyle needs, you may not fall into those more affected areas, but we'd want to make sure you not only buy your next home, but that you have the best position for also having a great investment.

Please feel free to email me and I can send you properties best matching your criteria or housing needs. I can best be reached at or by cell phone at 919-796-2233.

Have a great evening and I look forward to talking with you in more depth when you contact me. Please be sure to let me know if you'd like an information package that overviews the Triangle professionally, residentially and recreationally. I can send one out with the 10 year overview immediately.

Miki Davis
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Wed Feb 25, 2009
Michael Colvin answered:
Hi Joe
That is a very hard question, however there are area's in Raleigh,Durham, Chapel Hill and Hillsborough, that have actually not lost any value thus far. Hope Valley is the best selling neighborhood in Durham. I personally think Durham is a great market to buy in especially near downtown as it is still moving forward with the DPAC and the new Transit Station I think it will increase in value moving forward.
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Wed Jan 6, 2010
Bill Eckler answered:

Your question is a popular one.......

Many people are asking the same question but the reality is the "short sale " and "foreclosure" markets are and will continue to create the direction for pricing homes. This will probably continue until the inventory of homes currently on the market significantly decreases.

We are seeing evidence of deminishing numbers of home that are for sale in some areas. It makes no difference if these home are "sold" or just taken off the market because sellers give up and withdraw their property from the market. The important factor is that these numbers show a decrease the inventory of homes that are for sale.

It is impossible to provide an accurate answer for your question because real estate is such a regional business. Locations that have dropped drastically may be at the bottom now, while areas that have not experienced a major adjustment, may soon see decreasing prices.
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