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Bizarre bathroom wallpaper, only one sink in the master bat, and a pretty ordinary looking kitchen. And... yes the listing is all caps and has a typo. All that being said - it has a first floor master suite (not common in anything condos and new construction,) and hardwoods throughout. We spent a few months looking in Raleigh and recently bought a house. It has the original en-suite first floor master, and a huge new 2nd floor master suite. We wanted a first floor master or at least a BR and full bath on ground floor, and wanted all hardwoods. Our purchase has hardwoods on entire first floor - we can live with that. We ended up in Lantern Square - part of the North Haven area. Great house... needed a basic kitchen redo... but really well built with lots of updates. More than we wanted to spend but hey... it's our permanent home and in a great location. We were renting while sussing out the area, and intended to wait until October to buy. Prices are climbing so fast and interest rates appear poised to rise. Opted to pay the $2500 termination fee and do it now - I'm glad we did. House hunting was like having a part time job. Good properties priced right - you had best be there the first day with a strong offer (all cash deal or over the asking price and with a healthy down payment and good credit.) We searched for months, and the places we liked the best (until this house - which we LOVE) all seemed to go under contract on their first day on market.
We came from a small city in upstate NY. Prices in Oakwood, Mordecai, Five Points et al were a real shock to us. Our Syracuse house will sell for about $150,00 when the deal is closed. Comparable house in similar condition in any of the above neighborhoods would be about $750,000. We didn't price Cary properties but I've heard that they have spiked as fast or more so than the rest of Raleigh. North of 540 and to the Southeast (Knightdale etc.) there is lots of house for the money.
Last edited by phaelon56; 07-29-2018 at 07:02 PM..
I'm still going with overpriced. I'll try to remember to keep an eye on it and see what it sells for. Definitely not going to sell in a couple days like most correctly priced houses.
I'm just curious how long it stays on the market and if the owners will "reduce" the price ... if it hasn't sold in a few days. I have seen lots of people "overprice" their homes recently in Morrisville, just to reduce it slightly and have it sold ... I'm not sure what the psychology of it is ...
Must be missing something....are y’all stalking this for a particular reason...sorry for being naive but why is this listing in particular causing interest when I can call out many houses I feel are overpriced but the market ultimately determines pricing. How come there are no gas threads or wait till Soda goes up due to economic circumstances. y’all still drink soda and buy gas and someone will buy this house.
Must be missing something....are y’all stalking this for a particular reason...sorry for being naive but why is this listing in particular causing interest when I can call out many houses I feel are overpriced but the market ultimately determines pricing. How come there are no gas threads or wait till Soda goes up due to economic circumstances. y’all still drink soda and buy gas and someone will buy this house.
Sorry - next time I'll go with a pizza thread or a transplant driving thread.
Following real estate is interesting to me, and I happened to stumble on this house which I personally think is priced high. i was curious if others agree, or if I'm just out of touch with current pricing.
Sorry - next time I'll go with a pizza thread or a transplant driving thread.
Following real estate is interesting to me, and I happened to stumble on this house which I personally think is priced high. i was curious if others agree, or if I'm just out of touch with current pricing.
the reason that I responded the way that I did ...
If you just want to keep an eye on values, but have no intentions of moving, then what any house has as an ASKING price is completely immaterial. Wait until it closes. That will help you understand the actual market, and perhaps will be a data point for you years from now for what happens "When you price it high, but are ready to reduce".
Prices rise and fall over time - and even oftentimes within a year. If you absolutely positively have to get your kids in DDMS or GHHS this month - any house is worth one price to you. Ask the professionals again in 3 years, when you really are considering a move, and then the value should be very different.
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If you just want to keep an eye on values, but have no intentions of moving, then what any house has as an ASKING price is completely immaterial. Wait until it closes. That will help you understand the actual market, and perhaps will be a data point for you years from now for what happens "When you price it high, but are ready to reduce".
Of course. Alas, this is an internet message board, and I was looking for people's thoughts on the asking price.
I’ll play the game. I see houses all the time and usually don’t give it much thought, but looking up a listing, I saw this one nearby. I does seem to have decently nice finishes, but $411k for a 1755 sf house on a small lot (7ksf) in that location seems crazy to me. Maybe there is a mistake in the listing, but it’s new and several others on the same street are similar. That’s a higher price per sf than that Preston Village house with hardly any land to contribute to the cost. Maybe there is something I’m missing.
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