User not logged in - login - register
Home Calendar Books School Tool Photo Gallery Message Boards Users Statistics Advertise Site Info
go to bottom | |
 Message Boards » » The Real Estate Thread Page 1 ... 34 35 36 37 [38] 39 40 41 42 43 44, Prev Next  
hgtran
All American
9855 Posts
user info
edit post

There are plenty of houses in Cary that have garage.

6/20/2012 9:08:41 PM

shoot
All American
7611 Posts
user info
edit post

The house I'm watching for:
http://www.realtor.com/realestateandhomes-detail/2041-Addenbrock-Dr_Morrisville_NC_27560_M68797-03653
What do you think? Now 285k.

6/20/2012 9:29:48 PM

wolfpackgrrr
All American
39759 Posts
user info
edit post

Quote :
"The most WTF thing is that almost no houses in Cary have garages, and the people act like those dumb little sheds they drop in the back yard are just as good.
"


Wat. Most of the houses we looked at in Cary had attached garages. We bought one with an oversized two car garage. I'll give you that the houses in downtown Cary don't have garages.

6/20/2012 10:01:05 PM

lewoods
All American
3526 Posts
user info
edit post

We want an older home so the lot is bigger than a postage stamp, and most of those don't have garages or have ones that have been converted to living space.

6/21/2012 8:31:28 AM

wolfpackgrrr
All American
39759 Posts
user info
edit post

We were looking at homes built in the 70s or earlier as well and found plenty with single car garages. We definitely lucked out with the big ass garage we have. Previous owner was a classic car collector.

6/21/2012 8:38:27 AM

lewoods
All American
3526 Posts
user info
edit post

a 1 car garage is only suitable if there is room to build a really big detached one in the back yard.

The other problem with older places is that some have never been updated and the owners think they can still charge just as much.

[Edited on June 21, 2012 at 8:49 AM. Reason : ...]

6/21/2012 8:48:43 AM

TaterSalad
All American
6256 Posts
user info
edit post

Does anyone here commute to work in Cary/RTP from their house in the Garner/Fuquay area (I40 exit 312)?

We are looking for a house, but for our price range (200k) it seems like we can either: a) live close to Raleigh in a 30-40 year old house, b) live close to Raleigh in a modern townhouse, or c) live in a new house on at least a half acre but have a +40 minute commute. I don't like the look of older houses, I don't like the townhouse idea because you share a wall with someone just like an apartment, and i'm not thrilled about commuting through that traffic nightmare on I40 east.

For those that commute, is it really as bad as it looks?

6/21/2012 9:06:15 AM

Str8BacardiL
************
41733 Posts
user info
edit post

If there is a wreck carry a survival kit, there is a wreck at lest once a week it seems.

6/21/2012 9:12:38 AM

wolfpackgrrr
All American
39759 Posts
user info
edit post

Quote :
"For those that commute, is it really as bad as it looks?
"


I commute from the east side of Cary to Durham and yes, it is that bad, especially if there's an accident. I have one coworker that commutes from FV and she says it usually takes her an hour to get to work if she doesn't leave before 7am. No way would I deal with that.

Quote :
"a 1 car garage is only suitable if there is room to build a really big detached one in the back yard.

The other problem with older places is that some have never been updated and the owners think they can still charge just as much. "


Honestly if you're looking for a house with a 2+ car garage, more than 1/2 acre, and is updated, you're going to pay a lot for that. You may want to consider getting a house you like without a garage and a large enough piece of property that you could build a garage that meets your specifications.

[Edited on June 21, 2012 at 9:36 AM. Reason : a]

6/21/2012 9:35:02 AM

lewoods
All American
3526 Posts
user info
edit post

We want something that is not updated, but priced accordingly. We've been looking for a place with a lot big enough to build a detached garage, but those are hard to find in this area. We'd be happy with anything over 1/4 an acre if it already had a 2 car garage.

Our agent knows all this and has been looking at foreclosures and short sales for us.

6/21/2012 9:59:02 AM

Str8BacardiL
************
41733 Posts
user info
edit post

Make sure once you find something with enough yard you look at the setbacks and make sure there are no covenants that would preclude you from building your garage.

6/21/2012 10:01:39 AM

wolfpackgrrr
All American
39759 Posts
user info
edit post

You could get something like these

http://www.trulia.com/property/3082583087-1214-Gifford-Ct-Cary-NC-27511
http://www.trulia.com/property/3050715470-1211-Larkhall-Ct-Cary-NC-27511
http://www.trulia.com/property/3085752617-206-Erskine-Ct-Cary-NC-27511
http://www.trulia.com/property/4302186-310-Durington-Pl-Cary-NC-27518

But of course it all depends on your price range as well. Bigger houses tend to have bigger garages but that also drives up price, especially in Cary.

6/21/2012 10:04:34 AM

lewoods
All American
3526 Posts
user info
edit post

^^We know a guy that'll take care of all that and get the garage loan rolled in with the home loan. All for not that much more than building it ourselves.

^ We will most likely end up buying in Durham. If not then the only tempting houses we've seen in Cary were off N. Harrison.

[Edited on June 21, 2012 at 10:12 AM. Reason : ...]

6/21/2012 10:07:02 AM

shoot
All American
7611 Posts
user info
edit post

The house went down to 282k. I still want to wait.

6/21/2012 4:04:09 PM

Skack
All American
31140 Posts
user info
edit post

Someone on TWW should buy the "Screwed by the town of Cary" house:
http://www.trulia.com/property/3057564130-305-SW-Maynard-Rd-Cary-NC-27511

6/21/2012 4:20:49 PM

wolfpackgrrr
All American
39759 Posts
user info
edit post

Haha I live near that house. I'm curious to see how long it takes to sell.

6/21/2012 5:19:28 PM

Str8BacardiL
************
41733 Posts
user info
edit post

It looks like they did a great job renovating it, the only thing is they spent way too much money on that house for it to have such a horrible yard.

I would pick it up for 125k tops to use a rental property but that's it.

6/21/2012 5:54:27 PM

shoot
All American
7611 Posts
user info
edit post

I need to read this thread thoroughly.

6/27/2012 11:55:45 PM

wolfpack0122
All American
3129 Posts
user info
edit post

Quote :
"It looks like they did a great job renovating it, the only thing is they spent way too much money on that house for it to have such a horrible yard.

I would pick it up for 125k tops to use a rental property but that's it."


My thoughts exactly. According to that website, it was sold last year for $76k. I'm assuming that was when the guy died. How much do you think they put into it in renovations? Even if they spent $50k that means they have about $125k in the house. If they spent more than that, I feel for them.

Oh, and gotta love the "This house won't be for sale long" line

6/28/2012 8:50:13 AM

lewoods
All American
3526 Posts
user info
edit post

I don't think anyone that knows the house's history will buy it. Only way I'd live there is if you gave it to me.

6/28/2012 9:21:34 AM

wolfpackgrrr
All American
39759 Posts
user info
edit post

^ Exactly. I think they're banking on some Yankee n00b buying it lol.

6/28/2012 10:11:52 AM

wolfpackgrrr
All American
39759 Posts
user info
edit post

Interesting story about the renovation of the house: http://www.carynews.com/2012/05/08/56926/cary-house-is-screwed-no-more.html

6/30/2012 10:12:53 AM

jcgolden
Suspended
1394 Posts
user info
edit post

i want somebody that's in Wilmington that is willing to babysit some trailers and make sure niggers don't fuck up my huge trees. i want to rent out in a rent to own scam. one hick-up is the property needs some tender loving CE because there is a big drainage ditch in front. U can have a free whole acre for your trouble as long as you administer the rest of it. 1 mile from screengems, 5 miles from downtown, 10 miles from wrightsville. and no, not city limits either, I'm talking from the god damn barbary coast bar and the fucking ocean waves. is barbary coast even still there?

6/30/2012 11:03:13 AM

JP
All American
16807 Posts
user info
edit post

Not a direct question on real estate, but I figured some folks might have advice on how they saved money:

Anyone have any advice on alternatives for saving money with better interest? The gf and I have over 23k combined in savings/money market accounts and put away $600 a month in them. My money market account through SECU has had the interest rate dwindle down to 0.75%, and I think her interest rate through BOA is something around 1%. We are planning to use the money to purchase a house in the near future whenever we get the chance to move to the Raleigh area and likely don't want to wait with something like a 5-yr CD.

7/23/2012 11:23:15 AM

David0603
All American
12759 Posts
user info
edit post

A. Don't buy a house with your girlfriend
B. I wouldn't worry about it. Even if you do get 1% more that's only an extra $230 which pales in comparison to the total value. I know https://www.coastal24.com/ has an account paying 2.5%, but you have to complete 30 debit transactions a month which isn't worth it to me given the credit card rewards I can earn with said transactions.

[Edited on July 23, 2012 at 2:19 PM. Reason : math is hard]

7/23/2012 2:18:19 PM

JP
All American
16807 Posts
user info
edit post

Quote :
"A. Don't buy a house with your girlfriend"


I appreciate the advice and stand by that statement as well, but we have lived together already for almost a year and it worked for the both of us. She won't stay just a gf for long and it's not like I am instantly buying a house once I move back.

7/24/2012 11:11:11 AM

Kris
All American
36908 Posts
user info
edit post

I don't think he's trying to say anything about your relationship, it just becomes really squirelly legally to buy a house with someone you're not married to. The bank has to know that if you were to split up that one of you will stay in the house and be able to pay for it. It's best if only one of you uses your savings and purchases the house.

7/24/2012 1:21:31 PM

Steven
All American
6156 Posts
user info
edit post

short selling mine.

181k in 2008
142k in 2012

eff it.

7/24/2012 1:39:29 PM

David0603
All American
12759 Posts
user info
edit post

My figures are almost the same, but why short sell?
Do you not think you'll have to pay back the difference?

7/24/2012 1:54:21 PM

Str8BacardiL
************
41733 Posts
user info
edit post

You wont have to pay back the difference as long as you get released from the deficiency.

The best way to do that is try in good faith to get it sold and not have any other assets for them to want you to use to pay it. (mainly cash savings) They will want all of your financial health data to decide on the short sale.

If you live in the home the HAFA program might be an option for you as well.

7/24/2012 3:02:19 PM

Str8BacardiL
************
41733 Posts
user info
edit post

Quote :
"He thought about the politics and symbolism of it all “pretty much the whole way through,” the $60,000 renovation."



What an idiot, he paid 77k for the house, spent 60k on it, looks to me its in for a long time on market and multiple price reductions. The house still has a horrible yard, drainage problems, and is next to a 5 lane road.

7/24/2012 3:10:40 PM

David0603
All American
12759 Posts
user info
edit post

Damn me for having other assets.

7/24/2012 3:17:32 PM

Str8BacardiL
************
41733 Posts
user info
edit post

Yes unfortunately the only reason lien-holders allow short sales is to minimize losses, if you have other assets and you disclose them or they find them they are going to want the money.

7/24/2012 3:21:03 PM

wlb420
All American
9053 Posts
user info
edit post

^do you know the specifics about the FHA refinances and the new PMI rates? I've been looking into refinancing my financee"s house, and it looks like any of the no closing cost lenders use FHA loans and the PMI rates on those make them less attractive, but I can't really find any specifics on it.

7/24/2012 3:34:24 PM

Steven
All American
6156 Posts
user info
edit post

Quote :
"You wont have to pay back the difference as long as you get released from the deficiency.

The best way to do that is try in good faith to get it sold and not have any other assets for them to want you to use to pay it. (mainly cash savings) They will want all of your financial health data to decide on the short sale.

If you live in the home the HAFA program might be an option for you as well."


I have to attempt to do a short sale for 3 months, prior to being eligible for a Deed in lieu of foreclosure. (per wells fargo)

My Realtor is being a twat and keeps saying don't do a short sale, and try a streamline refinancing...blah blah...and to wait till the house goes back up in value and resale.

I do not currently live in it. I rent it. I am just tired of dropping money into something I will never live in. I have spent over 12k in repairs in the last 2 years...

[Edited on July 24, 2012 at 4:31 PM. Reason : ya]

7/24/2012 4:31:23 PM

Str8BacardiL
************
41733 Posts
user info
edit post

The short sale is going to keep you from buying anything else for at least 24 months, if you do one, you will have to let the payments get past due, take a credit hit, etc. You will need a hardship like, "had to move for work, could not sell, cant afford payments"

I don't blame you for wanting to do a short sale, just make sure it is best for your situation, if the place is breaking even while rented it might not be worth it. Either way you are going to have to stop paying to get in to any good hardship/loss mitigation programs.

Also make sure to get released from the deficiency wheter it is deed in lieu or short sale, you do not want them to come back and try to get the money in a few years once you have more to come after.

[Edited on July 24, 2012 at 4:56 PM. Reason : ]

7/24/2012 4:54:23 PM

David0603
All American
12759 Posts
user info
edit post

Yeah, I'd be too worried about that. I'm staying put indefinitely.

7/24/2012 5:09:19 PM

Steven
All American
6156 Posts
user info
edit post

I do not plan on buying anything anytime soon. My fiancee is in dental school, so we are waiting till she is done with that to do anything.

I was transferred out here on military orders.

I can't go bad on my payments because of my security clearance. Taking a credit hit is recoverable, but Wells Fargo said they can foreclose on a house if it is 35 days late on payments, so I have been taking loans out to pay the mortgage every time I have to fix something. (stupid I know)

Should I do the short sale directly with wells fargo or use a company that specializes in short sales?!

[Edited on July 24, 2012 at 10:48 PM. Reason : ya]

7/24/2012 10:47:38 PM

David0603
All American
12759 Posts
user info
edit post

I'd do it directly through them. I wouldn't trust any third party.

7/25/2012 11:10:36 AM

Jax883
All American
5562 Posts
user info
edit post

Is there a collection of recommended Realtors in this thread that I might be pointed to? Or pm a Realtor you'd use in the Wake County Area (be great to know why).

Didn't know if it was worth asking to bump message_topic.aspx?topic=565549 or if it was contained in this thread already.

Thanks

7/25/2012 7:47:32 PM

CassTheSass
cupid
35382 Posts
user info
edit post

meeting with a realtor about possibly listing my place by the end of the week. man i haven't been this nervous in a while

8/14/2012 12:13:19 PM

ctnz71
All American
7207 Posts
user info
edit post

let me know what they are going to charge you. my wife (she is a BIC for a builder) and i are thinking about starting a real estate business and just listing properties in MLS and doing some minor marketing for a cheaper commission for folks we know.

8/14/2012 11:54:15 PM

lewoods
All American
3526 Posts
user info
edit post

Should be getting a closing date today, hopefully.

8/15/2012 10:52:24 AM

Str8BacardiL
************
41733 Posts
user info
edit post

http://curbed.com/archives/2011/06/27/dead-body-stain-may-deter-buyers-from-seeing-the-dream.php#on-the-market-june-1

8/15/2012 8:28:48 PM

Str8BacardiL
************
41733 Posts
user info
edit post

3/14/2013 12:17:19 AM

Str8BacardiL
************
41733 Posts
user info
edit post

5/13/2013 11:27:42 AM

mdozer73
All American
8005 Posts
user info
edit post

Can you run one for 27527 and PM it to me?

5/13/2013 11:50:15 AM

Str8BacardiL
************
41733 Posts
user info
edit post

PM Sent!

5/13/2013 12:01:31 PM

Str8BacardiL
************
41733 Posts
user info
edit post

7/23/2013 5:46:41 PM

David0603
All American
12759 Posts
user info
edit post

Are you really trying to post something located in your gmail account?

7/23/2013 6:54:50 PM

 Message Boards » The Lounge » The Real Estate Thread Page 1 ... 34 35 36 37 [38] 39 40 41 42 43 44, Prev Next  
go to top | |
Admin Options : move topic | lock topic

© 2024 by The Wolf Web - All Rights Reserved.
The material located at this site is not endorsed, sponsored or provided by or on behalf of North Carolina State University.
Powered by CrazyWeb v2.38 - our disclaimer.