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Old 03-07-2010, 02:34 PM
 
80 posts, read 148,574 times
Reputation: 54

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Hey all,

I've been doing some house-hunting online and have noticed some odd purchases/sales in Amberly. Seems like a couple of folks are selling their homes just a month to 3 months after buying them on one street. These aren't the kind of homes that would likely be flipped.

On a nearby street, there are 3 homes for sale.

I'm pretty new to the area and am wondering if there's something wrong with these homes or this neighborhood. I'm referring to Blackstone in Amberly.

Your candid feedback would be very appreciated.
Thanks!
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Old 03-07-2010, 02:48 PM
 
6,185 posts, read 13,850,386 times
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Layoffs?
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Old 03-07-2010, 06:06 PM
 
616 posts, read 1,265,301 times
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Over priced development, but people still buy there and then when they have a problem must sell. Cary prices are still too high in this market.
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Old 03-07-2010, 06:16 PM
 
1,832 posts, read 4,456,747 times
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I don't know about Blackstone, but I have family in Amberly and they have seen several neighbors lose jobs (after being transferred here by their companies) and end up moving out of state when they find work again. With all the banking and high-tech layoffs, I'm not surprised to see it happening in a more expensive development like Amberly.
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Old 03-07-2010, 07:44 PM
 
Location: RTP, NC
11 posts, read 25,936 times
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I have a lot of friends whose families reside there.
I know that a lot of their parents work for RTP companies and many of these companies have closed, cut jobs, or relocated recently, including Sony Ericsson, IBM, and a few others.
As far as the neighborhood goes, there aren't any problems that I have heard of from friends living there. (And furthermore Panther Creek High School is the best high school in NC, if you ask me, which can definitely aid in property values.)
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Old 03-07-2010, 07:54 PM
 
Location: Cary, NC
2,932 posts, read 6,718,083 times
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I also have a feeling it had to do with the current state of jobs in this area. The area is still very desireable though.
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Old 03-08-2010, 04:53 AM
 
2,884 posts, read 3,193,314 times
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It could be that people are realizing that they do not want to be able to reach out of their window and shake hands with the neighbors.
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Old 03-08-2010, 05:17 AM
 
513 posts, read 1,412,194 times
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Quote:
Originally Posted by AliciaAmnesia View Post
(And furthermore Panther Creek High School is the best high school in NC, if you ask me, which can definitely aid in property values.)

hmmmm......i think green hope was tops in the area but not sure.

Quote:
Originally Posted by theS5 View Post
It could be that people are realizing that they do not want to be able to reach out of their window and shake hands with the neighbors.
The houses would be over $700k with a half acre....I have 7 ft between my house and my neighbors. I call it fire safety, I can jump on their roof incase mine starts to burn lol
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Old 03-08-2010, 06:46 AM
 
80 posts, read 148,574 times
Reputation: 54
Default Thanks for your answers, folks

Thanks to everyone who replied!
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Old 03-08-2010, 06:46 AM
 
Location: H. F.
98 posts, read 101,365 times
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Quote:
Originally Posted by theS5 View Post
It could be that people are realizing that they do not want to be able to reach out of their window and shake hands with the neighbors.
That is what I was thinking. Way too close for that kind of money. Or it can be

Relocating
Moving up
Divorce
Picking a different location in the development
Too much air traffic

It can be any number of things.
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