Good areas (Raleigh, Durham, Cary: real estate, foreclosure, renting)

[zeza]

Hi everyone,

New to to forum.

Just wanted to say hi and also get some tips as far as buying a home in Raleigh.

Also will be visiting in January, any tips as what to see?

What areas are great as far as schools, location,proximity..

Looking to move in 3 yrs but buy a home in 1 year.

Also looking for reo properties.

[lovebrentwood]

Sometimes it rains a lot in January here.

So you want to be an absentee landlord for 2 years before you buy?

What are "reo" properties?

What price home?

[Francois]

Where will you be working? "Proximity" (you don't define "to what") would surely include a decent commute?

Are you set on Raleigh proper, or the many other communities around the area such as Cary, Apex, Knightdale, Wale Forest, Clayton, Durham, etc?

There are many, many threads on these issues in the forum you can search on, though more detail from your end would be helpful for specifics.

[zeza]

Originally Posted by lovebrentwood

Sometimes it rains a lot in January here.

So you want to be an absentee landlord for 2 years before you buy?

What are "reo" properties?

What price home?

Love the rain, we don't get rain here in CA...At all!!!

Yes, absentee landlord for the first 2 yrs...I will be renting it out to my sister in law who is a teacher...she gave me her opinios and i want to hear someone elses..

Price would be no more then 150k.

REO-Real estate owned...property that went back to the lender after unsuccesfull foreclosure sale.

My plan is to pay of 50% off the loan while i live and work in CA with my income in CA. If I were to move the same year I bought the house I wouldn't be able to pay of 50% in the first 2 yrs.

Thanks

[zeza]

Originally Posted by Francois

Where will you be working? "Proximity" (you don't define "to what") would surely include a decent commute?

Are you set on Raleigh proper, or the many other communities around the area such as Cary, Apex, Knightdale, Wale Forest, Clayton, Durham, etc?

There are many, many threads on these issues in the forum you can search on, though more detail from your end would be helpful for specifics.

Sorry I didn't define any of that. I will be stay at home Mom and my husband will either get a job in a plumbing company or start or buy a plumbing company.

I need an area where there are a lot of people. OR the area close to the bigger areas. Coomute doesn't really matter since it will be a part of the job. We just need an area with a lot of people or area close to a lot of neighborhoods etc...

thanks