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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 07-29-2015, 05:08 PM
 
715 posts, read 889,505 times
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Honestly the good homes do not last... Ones on the market for a while are overpriced, back up to a road/ highway or has other issues. Be careful out there some dumpy stuff that people have bought which amazes me. get a good local agent who's been around a while I have seen too many churn and burn lately...
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Old 07-29-2015, 06:37 PM
 
2,925 posts, read 3,342,883 times
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Quote:
Originally Posted by CardinalRed View Post
Honestly the good homes do not last... Ones on the market for a while are overpriced, back up to a road/ highway or has other issues. Be careful out there some dumpy stuff that people have bought which amazes me. get a good local agent who's been around a while I have seen too many churn and burn lately...
Good Advice!
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Old 07-29-2015, 06:42 PM
 
2,925 posts, read 3,342,883 times
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Originally Posted by greenie72 View Post
Sheesh. I'm getting the feeling I can't ask or say anything without getting jumped on by at least one or two posters. When did I say damaged goods? And it's common practice when househunting here to put in multiple verbal offers. Money isn't required to put an offer in on a home.

I'm trying to learn, ok?
OP things are done differently here. Offers are in writing and binding. You do not walk in and toss out numbers to test the waters. In some areas as others have said homes are moving quickly with multiple offers and selling for above asking.
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Old 07-29-2015, 06:48 PM
 
1,512 posts, read 1,275,617 times
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Originally Posted by Sal_M View Post
OP things are done differently here. Offers are in writing and binding. You do not walk in and toss out numbers to test the waters. In some areas as others have said homes are moving quickly with multiple offers and selling for above asking.
Yes, that's an eye opener for me for sure.

Thats all I'm trying to do here, to glean what I can and maybe socialize a bit in the process. I don't enjoy comments that make me feel like I'm stupid or in the wrong somehow. It's not a good impression and unnecessary.

Thank you for all the help guys and gals.
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Old 07-29-2015, 07:01 PM
 
Location: Cary, NC
43,314 posts, read 77,154,614 times
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Quote:
Originally Posted by greenie72 View Post
Sheesh. I'm getting the feeling I can't ask or say anything without getting jumped on by at least one or two posters. When did I say damaged goods? And it's common practice when househunting here to put in multiple verbal offers. Money isn't required to put an offer in on a home.

I'm trying to learn, ok?
'Round here, it is very difficult to get a material reply on a verbal offer.
The proper response is "Thanks for your interest. Get it to me in writing." Yes, the agent has to forward a verbal offer to a client, but an offer is not an offer without all terms and details, and very few people verbalize beyond the price.

The current sellers' market has put pressure on buyers to buy their way into contract with high due diligence fees.
It is part of the game right now.
That DD Fee is credited toward your purchase, but is a disincentive to capriciously entering into contract.
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Old 07-29-2015, 07:08 PM
 
Location: Research Triangle Area, NC
6,381 posts, read 5,501,958 times
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Quote:
Originally Posted by greenie72 View Post
Yes, that's an eye opener for me for sure.

Thats all I'm trying to do here, to glean what I can and maybe socialize a bit in the process. I don't enjoy comments that make me feel like I'm stupid or in the wrong somehow. It's not a good impression and unnecessary.

Thank you for all the help guys and gals.
I'd suggest thickening your skin just a little bit if you decide to move here. Nobody here has made comments that should be seen as calling anyone else "stupid".

For me if a house (condo) is on the market for a long time it's a great sign; means it's over-priced and I can get it for cheaper. Usually once the price gets lowered to a more realistic number; bam...under contract.
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Old 07-29-2015, 07:13 PM
 
8,583 posts, read 16,017,106 times
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Quote:
Originally Posted by spsmith713 View Post
It was $2,500 on our house we just bought
Are you sure that wasn't the earnest money amount ???
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Old 07-30-2015, 06:10 AM
 
Location: Holly Springs, NC
252 posts, read 276,055 times
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Quote:
Originally Posted by kelly237 View Post
Are you sure that wasn't the earnest money amount ???
sorry, you are exactly right
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Old 07-30-2015, 06:25 AM
 
1,512 posts, read 1,275,617 times
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Originally Posted by TarHeelNick View Post
I'd suggest thickening your skin just a little bit if you decide to move here. Nobody here has made comments that should be seen as calling anyone else "stupid".

For me if a house (condo) is on the market for a long time it's a great sign; means it's over-priced and I can get it for cheaper. Usually once the price gets lowered to a more realistic number; bam...under contract.
I thought you guys were supposed to be nicer than New Yorkers, my mistake.

All in all, I find the forums helpful. And I know there are going to be people that come to places like this to debate, argue, nitpick, whatever. But I've been searching back threads and reading every day now for a few weeks and I think there's an undercurrent of disdain when outsiders post, or ask about where they should live. Which I can understand may be aggravating because it seems new people do that a lot, create their own vague post, get replies, and never come back. I'm not that person.

Or, you could be right, and I need to take posts like wheelsup's where he added nothing to the conversation other than incredulity at my comments, ignore them and move on. Good practice to help where I can, take what I can, and ignore the rest.
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Old 07-30-2015, 06:30 AM
 
203 posts, read 327,871 times
Reputation: 411
Also, be prepared as a buyer in this area to pay all closing costs. If you don't write it into your offer the seller will go with another offer that has. If it's a desirable property it's only going to be on the market for a few days and there will most likely be multiple offers. You have to come prepared and be aggressive.
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