U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > North Carolina > Raleigh, Durham, Chapel Hill, Cary
 [Register]
Raleigh, Durham, Chapel Hill, Cary The Triangle Area
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 01-28-2010, 09:21 AM
 
Location: Raleigh, NC
11,810 posts, read 27,513,090 times
Reputation: 8123

Advertisements

I have searched, as well. Finally, CALLED Hasentree and was told that "something is in the works". I have a client that was considering one of the houses there. It is one that has been sitting for some time and has been reduced greatly. However, IF it is Toll Brothers going into Hasentree, my concern is for my clients, right now.

Honestly, anyone purchasing a home in the price range of $600K and above scares me. I always thought that our Raleigh houseing market just wasn't a 6 million dollar housing market!

When Cross Gate first opened many years ago, it was to be 1 million and above. The developers went bankrupt. The new developers started at $500K and the n'hood took off.

If I were looking to spend that much money, I'd want a n'hood that was ESTABLISHED. Or...how about a house in Raleigh, a house at the beach and one in the mountains?!!

Vicki
Reply With Quote Quick reply to this message

 
Old 01-28-2010, 09:27 AM
 
Location: Wake Forest
2,814 posts, read 6,459,899 times
Reputation: 1964
I searched the 'World Wide Wonder' in short and long keystrokes and nothing. But I shall keep looking. I will leave no electron unturned or no proton electron-less!
Reply With Quote Quick reply to this message
 
Old 01-28-2010, 11:39 PM
 
Location: Midtown Raleigh
1,074 posts, read 2,828,456 times
Reputation: 950
The bank still owns it, but Toll is doing their due diligence and has an offer in. Nothing is final yet.
Reply With Quote Quick reply to this message
 
Old 01-29-2010, 11:20 AM
 
3 posts, read 15,891 times
Reputation: 14
List cut to 2 for Hasentree buyer - Triangle Business Journal:

RALEIGH – National home builder Toll Brothers and an out-of-state private equity firm are the finalists on SunTrust Bank’s list of buyers for the luxury Hasentree residential community, which fell into foreclosure a year ago.

A SunTrust official did not respond to questions about a pending deal, but sources in the real estate industry say both groups are serious candidates.

Reply With Quote Quick reply to this message
 
Old 01-29-2010, 11:35 AM
 
5,265 posts, read 14,593,534 times
Reputation: 4225
Quote:
Originally Posted by 27608 View Post
Not true at all if you paid 2 million for a home with 80% financing and now find yourself living in the typical 400k tract housing suburban hood. It would then be time to walk away from your home. You will always be underwater.
Really...how many people finance 80% on a $2 million house? I used to do some contracting at some of those mega-house subdivisions in N. Raleigh/Wake Forest like Devon, Bay Leaf Farms, etc; and almost all of the houses that were that grand were paid for in cash. Still; people who pay that much money for a home probably want to be in an exclusive neighborhood with custom quality homes. The idea of a national/regional tract builder taking over will scare away any buyers from the large houses already there and probably really **** off anyone who already lives there (are they any occupied houses there yet?)
Reply With Quote Quick reply to this message
 
Old 01-29-2010, 12:16 PM
 
12 posts, read 29,407 times
Reputation: 27
Default reply

Most finance these high end homes because they know that it is foolish to pay cash for one. The stats prove this.
Reply With Quote Quick reply to this message
 
Old 01-29-2010, 02:28 PM
 
419 posts, read 1,216,037 times
Reputation: 192
Most experts would agree with 27608. You may see more cash deals now because banks are being tight with their lending.
Reply With Quote Quick reply to this message
 
Old 02-01-2010, 09:14 AM
 
513 posts, read 1,414,417 times
Reputation: 239
Toll Brothers would probably put the homes in Green Level Crossing (Woodlands) on Hasentree lots. They start in the $650k range here in Cary. I dont know what the lot owners will do in Hasentree. Most Golf lots went for over $450k and are all sold to builders and individuals!
Reply With Quote Quick reply to this message
 
Old 02-01-2010, 09:23 AM
 
997 posts, read 4,167,612 times
Reputation: 350
List cut to 2 for Hasentree buyer - Triangle Business Journal:

This link says they are a contender for a purchase. I guess we'll stay tuned.
Reply With Quote Quick reply to this message
 
Old 02-01-2010, 09:29 AM
 
Location: Cary, NC
31,690 posts, read 55,513,715 times
Reputation: 30266
1. My guy at SunTrust tells me that JUMBO is alive and well.

2. I would expect a Toll Brothers acquisition to result in them offering multiple product price points across various areas. And for people with $450,000 lots to take a hit.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > North Carolina > Raleigh, Durham, Chapel Hill, Cary
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top