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Home Selling in Cary : Real Estate Advice

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  • Local Info24
  • Home Buying118
  • Home Selling10
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Activity 12
Sat Apr 6, 2013
Paul Folmsbee answered:
There is the possibility that this may "un-nerve" a small percentage of potential buyers. On the positive side, it demonstrates that when you become aware of a problem, you address it. Another plus: The number of buyers who will "back away" is much smaller than if this were discovered during a home inspection.

Certainly, the existence of the system should be disclosed. Meanwhile, if the amount of electricity being used is insignificant, don't be shy about pointing out this fact. Actually, you could demonstrate it by showing prospects the electric bills for the past year.

My advice: If a potential buyer is "put off" by the Radon situation, smile and let them go. They'd probably find a half-dozen OTHER things to grumble about, also. [Grin.]
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Wed Feb 29, 2012
Anna M Brocco answered:
What is your agent advising; what kind of feedback are you receiving; if in fact the home has been on the market for 8 months with no offers, review comps with your agent, recently sold similar properties in the immediate area, see what the data suggests and adjust accordingly in order to be as competitive as possible. Keep in mind that a home is worth what someone is willing to pay for it; it doesn’t matter what the seller needs or potential buyers can afford to spend; market conditions do matter as does the immediacy for a transaction to take place. In addition review marketing strategies, does it maximize your exposure, if not adjust accordingly. Also make sure the property shows well at all times, is easily accessible, is neat, clean, clutter free, and don't forget the exterior for curb appeal. ... more
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Tue Mar 9, 2010
David Williams answered:
You may want to try Stacy Anfindson with Birch Appraisals - he's one of the best in the Cary area.

Several factors to consider -

1) What is the price range of your neighborhood - you dont want to price yourself out of your own neighborhood - ex - if you live in a 300-500k neighborhood it would be difficult to sell a home for 600 in that neighborhood

2) How long you plan to stay in the home - are you planning on moving in the next few years or are you there for a long duration

3) would you be ok if you cant get your ROI back? Are you comfortable spending money just for your own enjoyment

4) In most cases the value of basement square footage is never as high as 1st and 2nd floor suare footage - same is true with a finished attic - while you may have a value of well over $100 per foot for your main areas, appraisers will cap the value of basement footage - usually a max of $50
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Sat Oct 17, 2009
Mike Jaquish answered:
This is an item that is becoming more commonly disputed.
The proper approach is to assure that items conveyance is clarified in the Offer/Contract.
There should be no assumption that they stay or go.
If a Buyer wants them, the Buyer asks for them.
If the Seller wants them, the Seller excludes them from the listing agreement and from the final Contract.
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Mon Jul 15, 2013
Mike Jaquish answered:
Summer,
I am sorry to hear of your problem.
Have you discussed the issue with your current Realtor?

Engaging a new agent can be done in minutes, although a good interview will extend the time, but often it is best if the current relationship can be salvaged. ... more
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Thu Oct 1, 2009
Craig Fox answered:
Cary is a little outside my territory so you can consider this a completely unbiased response. I'd suggest that your parents interview several different agents and ask to see marketing materials from several of their CURRENT listings. Not simply marketing material they have produced for the listing presentation. They should ask to see hardcopy materials and to receive email links to the listings. What they should look for is how well the Realtor presents the home--the quality of the pictures, virtual tour and comments/remarks. There are a lot of agents who simply throw the listing into MLS with a few words and lousy pictures. Given the large number of potential buyers who search the internet, having a good online presentation is an absolute MUST. Other things to look for--are their listings upgraded on Realtor.com? Do they provide virtual tours? What other internet advertising do they provide? Your parents also have to take a hard look at the price they are offering the home for--overpricing is still the number one reason homes don't sell in our market. ... more
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Sat Aug 22, 2009
Krista Abshure answered:
Just to let you know, this time period can vary according to each lenders guidelines. I do know a reputable lender who had a program that the home only had to be off the market for 7 days! Let me know if you would like his number.
Best of luck!
Krista Abshure
Century 21 Becky Medlin Realty
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Fri Jul 31, 2009
Erica McClenny answered:
Props to you for trying to market to prime buyers who are relocating to our area.

Good luck and Craigslist might be a spot to try out too!
0 votes 4 answers Share Flag
Fri Aug 2, 2013
Linda Morris answered:
Hi Buckise,

I could help you with homes in the low to mid 300's in Cary. If you send me your email, I will email you back a search with homes that meet your criteria. There are LOTS of homes for sale in that range! Would you like to know the most popular neighborhoods in Cary in that range? Or the appreciation values for those areas? Let me know and I can email you all of the information you need. Please email me at Linda.Morris@pruysu.com or call me at 919-218-8973. I look forward to hearing from you! ... more
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Mon Jul 6, 2009
Len McGuirk answered:
Hi Stevens,

A short sale is everything but fast. They typically take about 30-120 days to close. Just to make sure we are talking about the same type of short sale, this is when the lender agrees to take less for the payoff than the actual balance that is owed. This is due to the market value being lower than the balance.

It sounds like you may have a financial hardship, which this is what the lenders want to see before considering a short sale. Feel free to contact me and I will connect you with one of my Realtor contacts ion your area that is versed in short sales. You will definitely want to work with someone that is versed in short sales due to the complexity of a short sale transaction. Unfortunately, I am located in Las Vegas and I cannot help you sell your home, but I can refer you to someone that can. Plus, using my referred agent will put some weight on their shoulders, which will make sure they get the job done.

You can reach me on my cell or email below.

Len McGuirk, Realtor
Short Sale Specialist
Prudential Americana Group
Cell: (702) 203-6688
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Mon Aug 17, 2009
Ray Williamson answered:
Home inspections can cost anywhere from $300 to $500. It's a great idea to get one done before selling your home, it will allow you to negotiate a better price. I would recommend Michael Edmonds at Carolina Home Check phone number is 847-1843. I'm a Realtor and recommend him to my clients and he inspects my own home. There is a $125 off coupon that Realtors have that they may or may not honor for sellers, ask and let me know if you would like me to order for you, so that you can get the discount. Ray@DreamLivingNC.com ... more
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Sat Jan 5, 2008
Stanton Homes answered:
Judging by historical sales -

January and February last year in Wake County were about the same. March sales increased 37% over February. April was about the same as March. May was 60% higher than Jan/Feb and 18% higher than March/April.

This matches what we know about real estate - sales increase as the weather grows warmer, and decrease in the winter, with the smallest number of sales occuring in January and February.

However, there has been a lot more interest in real estate this winter, so I wouldn't be too surprised if sales this January and February were a little higher than last years.

Cary is a great area for appreciation. Overall appreciation as of November 2007 was 6.88%, vs 6.07% a year earlier. Appreciation is a symptom of demand - and demand is still strong for Cary homes.

Total number of listings is up a little from last year, but there is only a 4 month supply or less in every price point up to $700,000.

I think all of this points towards a strong spring for the area.
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