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Old 02-11-2016, 11:13 AM
 
2,682 posts, read 4,479,280 times
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Quote:
Originally Posted by pjnugget View Post
I know that house - it looks ok from the pictures and that price for that neighborhood and the amount of sq ft should be good.

Question would be is it ok inside? have you seen it?

I wouldn't worry about Chatham, i don't think it's as busy as the other main roads.
We haven't seen it. I talked to the realtor about it last night. She said it's been on the market for 200 days and they did take two contingent offers but nothing has stuck. Wondering if there are issues there. She's looking into it for us. The other one for $270K has been for some time too I think.
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Old 02-11-2016, 11:14 AM
 
Location: Oxxford Hunt, Cary NC
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Originally Posted by katestar View Post
Are you selling? We really like that neighborhood???
I won't be selling for a few years yet, but it is a great neighborhood. :-)

As other posters have said, I wouldn't worry about W. Chatham - it's not a busy street and most houses seem to have a good amount of screening trees and/or a fence.
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Old 02-11-2016, 11:29 AM
 
Location: Apex NC
547 posts, read 774,538 times
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Quote:
Originally Posted by katestar View Post
We haven't seen it. I talked to the realtor about it last night. She said it's been on the market for 200 days and they did take two contingent offers but nothing has stuck. Wondering if there are issues there. She's looking into it for us. The other one for $270K has been for some time too I think.
it might be worth a look to see how bad/good shape it's in...if it's just cosmetic, you might be able to get it at a decent price since it's been on sale for that long...good luck!
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Old 02-11-2016, 11:41 AM
 
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Houses around here seem to stay on the market a while if they aren't up to HGTV standards. If you don't need to keep up with the Jones', you're at a big advantage.
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Old 02-11-2016, 11:53 AM
 
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Quote:
Originally Posted by m378 View Post
Houses around here seem to stay on the market a while if they aren't up to HGTV standards. If you don't need to keep up with the Jones', you're at a big advantage.
YES, this is us. I would like to find a diamond in the rough and put in some sweat equity. This is encouraging.
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Old 02-11-2016, 03:33 PM
 
Location: Oxxford Hunt, Cary NC
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Quote:
Originally Posted by katestar View Post
We haven't seen it. I talked to the realtor about it last night. She said it's been on the market for 200 days and they did take two contingent offers but nothing has stuck. Wondering if there are issues there. She's looking into it for us.
Hmm.. well it doesn't have a garage, and the split level layout is likely to not be that popular. Could be a good opportunity though if you aren't bothered by either factor!
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Old 02-12-2016, 08:47 AM
 
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Originally Posted by adlnc07 View Post
Hmm.. well it doesn't have a garage, and the split level layout is likely to not be that popular. Could be a good opportunity though if you aren't bothered by either factor!
Yeah, we are going to see it tomorrow. Those factors don't bother ME, but what about resale value. I'm afraid it might be hard to move the split level. In any case, it depends on what the realtor tells me. Maybe it has some serious structural issues or just not worth even the $238K they are asking for and they refuse to come down. I shall report back.
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Old 02-12-2016, 09:01 AM
 
422 posts, read 461,545 times
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Originally Posted by katestar View Post
Yeah, we are going to see it tomorrow. Those factors don't bother ME, but what about resale value. I'm afraid it might be hard to move the split level. In any case, it depends on what the realtor tells me. Maybe it has some serious structural issues or just not worth even the $238K they are asking for and they refuse to come down. I shall report back.
In this market, I would make awfully sure I knew why a house had been sitting on the market for that long of a time before I bought it. If it needs a rehab, and you can buy it right with enough margin to do the rehab and still make money great. However, if that was the case, a house flipper might have already bought it.

If no-one wants it now, what are you going to do it, that is going to make someone want to buy it 5 years from now? That would be the question, I'd be asking myself.
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Old 02-12-2016, 09:07 AM
 
Location: Apex NC
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Quote:
Originally Posted by katestar View Post
Yeah, we are going to see it tomorrow. Those factors don't bother ME, but what about resale value. I'm afraid it might be hard to move the split level. In any case, it depends on what the realtor tells me. Maybe it has some serious structural issues or just not worth even the $238K they are asking for and they refuse to come down. I shall report back.
I would be interested in the one asking for 275K, i would look at both and compare...good luck!
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Old 02-12-2016, 09:11 AM
 
2,682 posts, read 4,479,280 times
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Originally Posted by wake74 View Post
In this market, I would make awfully sure I knew why a house had been sitting on the market for that long of a time before I bought it. If it needs a rehab, and you can buy it right with enough margin to do the rehab and still make money great. However, if that was the case, a house flipper might have already bought it.

If no-one wants it now, what are you going to do it, that is going to make someone want to buy it 5 years from now? That would be the question, I'd be asking myself.
That is exactly the question I have. Which I have yet to get an answer to. I feel like any answer that I do get won't be enough...200 days is a lot.
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