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03-03-2009, 07:31 PM
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Member
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Join Date: Sep 2008
11 posts, read 4,201 times
Reputation: 10
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Park Providence (Waxhaw)??
Any Thoughts on this subdivision?? How Can one foreclosure affect the pricing in the comunity??
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03-03-2009, 08:29 PM
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Real Estate Agent
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Join Date: Sep 2006
Location: Union County, NC
1,588 posts, read 1,537,480 times
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Park Providence was built by Pulte, off of Providence Road.
Usually one foreclosure in a neighborhood won't affect pricing drastically, but if there are several then pricing will be affected. It appears that the last two sold in there were bank owned and there is one on the market that seems to be as well. My guess is that pricing would be affected in that neighborhood. If you are preparing to write an offer, have your realtor include the most recent comps when submitting the offer. Sellers should take the justification in account when responding to your offer.
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03-03-2009, 08:37 PM
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Member
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Join Date: Sep 2008
11 posts, read 4,201 times
Reputation: 10
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Thanks for your comments Any thoughts why are so many on sale?? is it a good neighborhood??
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03-03-2009, 10:30 PM
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Real Estate Agent
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Join Date: Sep 2006
Location: Union County, NC
1,588 posts, read 1,537,480 times
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Good is a relative term -- what some think is good others will not. I like the neighborhood, some of the lots are nicer than others. That subdivision does not have a community pool while some of their competition does offer that. I don't know why people are moving. I believe the middle and high school assignments will change for the next school year, but check with UCPS to be sure.
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03-04-2009, 06:33 AM
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Senior Member
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Join Date: Feb 2008
733 posts, read 651,119 times
Reputation: 109
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Quote:
Originally Posted by playandlearn
Thanks for your comments Any thoughts why are so many on sale?? is it a good neighborhood??
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There is only 9 for sale. That isn't a lot at all. |
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03-04-2009, 07:11 AM
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Real Estate Agent
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Join Date: Sep 2006
Location: Union County, NC
1,588 posts, read 1,537,480 times
Reputation: 287
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Yes there are only 9 for sale, but it is not a very large subdivision. I'm not sure how many homes are in there, but my guess is fewer than 100. Again whether or not this is a lot is relative.
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03-04-2009, 06:09 PM
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The few the proud the brave -- Native UC'er
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Join Date: Aug 2007
Location: Union County NC
563 posts, read 393,526 times
Reputation: 217
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I'm not sure what the price point is for this neighborhood. Do they have phases that are priced differently? It seems to be that the houses seem to be cookie cutter types placed way close together. Lots of vinyl siding (which can be problematic if not installed properly). Unless you got just a great deal, IMO, I would think that there would be better options out there.
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