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Raleigh, Durham, Chapel Hill, Cary The Triangle Area
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Old 01-20-2009, 10:00 AM
 
Location: Brier Creek
164 posts, read 420,722 times
Reputation: 36

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I've been ghosting in this forum for a while now, but I finally have some questions for you guys. I'm ready to buy a home in the triangle but I'm kind of at a loss as to where to start. I know there are many incentives with first time buyers right now. My credit score is in the upper 700's and I'm 26.How do I get started? Buyers agents, etc. What are some good developments with nice houses in my range of 150k? (Keep in mind, I'm self employed and have to commute to Youngsville pretty regularly, I also have a roommate that will be making the move with me how has to commute to Glenwood Ave. so somewhere in the middle) I'm not against living in a town home with a garage, but I also don't want to have trouble selling it, it seems like with the research I have done I don't seem them appreciate, so I don't know..

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Old 01-20-2009, 10:53 AM
 
Location: Brier Creek
164 posts, read 420,722 times
Reputation: 36
whoever sent me the PM I had my pop ups enabled, please resend, thanks!!
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Old 01-20-2009, 12:26 PM
 
185 posts, read 568,098 times
Reputation: 190
I think the Hedingham community may suit you both, its pretty much a manageable distance to both.
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Old 01-20-2009, 12:59 PM
 
Location: Brier Creek
164 posts, read 420,722 times
Reputation: 36
i was thinking about that myself, I have heard that its gone down hill townhomes have not appreciated but single family homes have though by 3%, what are your thoughts on the community???
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Old 01-20-2009, 01:05 PM
 
5,507 posts, read 10,368,225 times
Reputation: 2302
That incentive from the govt that was/is around is really just an interest free loan you have to pay back.
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Old 01-20-2009, 01:08 PM
 
Location: Cary, NC
42,206 posts, read 74,954,401 times
Reputation: 44316
Quote:
Originally Posted by Gatornation View Post
That incentive from the govt that was/is around is really just an interest free loan you have to pay back.
There is a protection built in.
If a home sells for less than paid, the loan balance may be used to offset the loss, and may not have to be paid back.
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