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Old 05-28-2010, 06:44 PM
 
14 posts, read 40,114 times
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Just wondering where these are in the Raleigh area?

Thank you.
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Old 05-28-2010, 08:11 PM
 
1,886 posts, read 4,560,982 times
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Who knows?

Not trying to be goofy, but that's way too broad a question to answer accurately.

Safer bets-
Inside the beltline
or
Newer neighborhoods by builders that are still in business and most of the way built out
or
Price points south of $400,000 (I'm making a BROAD generalization here)

Less safe bets-
Anything where a 20% down payment leaves a mortgage amount north of $417,000 (the cutoff for a jumbo loan)
Anything with completed new homes that have sat on the market for well upwards of a year (there are PLENTY of these)

Get a GOOD agent to help you.
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Old 05-28-2010, 08:13 PM
 
171 posts, read 406,872 times
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Inside the beltline. The less you spend, the lower your risk.
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Old 05-28-2010, 08:58 PM
 
13,808 posts, read 25,134,483 times
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I bought a house that two working class blue collar people could afford. That to me was a safer bet than anything in the quarter million plus range.

Lots of white collar jobs disappeared, you don't see many airplane mechanics, HVAC guys, TV installers, welders, etc. out of work.
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Old 05-28-2010, 08:59 PM
 
Location: Midtown Raleigh
1,074 posts, read 3,083,983 times
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Your realtor can run a report for you. I ended up buying a home that was #2 on the list, although not necessarily just for that reason.
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Old 05-29-2010, 12:17 AM
 
Location: Raleigh, NC
10,640 posts, read 21,341,600 times
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Quote:
Originally Posted by aliced View Post
Just wondering where these are in the Raleigh area?
Best resale when?

Do you not think this is something that changes over time? Are you talking about 5 years from now, or 25 years from now?
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Old 05-29-2010, 07:50 AM
 
741 posts, read 3,387,909 times
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I bought a brand new home in Knightdale a year and a half ago, I just sold it on my first showing for $11,000 more then what I paid for it. Granted I did put upgrades in after closing.

In fact, I'm still shocked it sold this quick in this market.
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Old 05-29-2010, 08:22 AM
 
477 posts, read 1,352,908 times
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Not to open up another WCPSS can of worms, but resale of single family homes is going to be drastically affected in the next 9-15 months by the Wake County Board of Education's development and implementation of school assignment "regions" and "zones". http://www.newsobserver.com/content/...4/23/zones.pdf
Some of you will be winners and unfortunately, some of us are probably going to be losers. But, until it is in place, it is all speculation.
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Old 05-30-2010, 08:10 AM
 
Location: Wake Forest NC
1,611 posts, read 4,633,267 times
Reputation: 891
Quote:
Originally Posted by mizunomom View Post
Not to open up another WCPSS can of worms, but resale of single family homes is going to be drastically affected in the next 9-15 months by the Wake County Board of Education's development and implementation of school assignment "regions" and "zones". http://www.newsobserver.com/content/...4/23/zones.pdf
Some of you will be winners and unfortunately, some of us are probably going to be losers. But, until it is in place, it is all speculation.

So true. I wonder if Wake Forest will be a North or an East Zone... that will make a big difference.
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