1106 Maubrey Ct is a nice HUD-Owned home just waiting for a new owner
This one is Sold.1106 Maubrey Court: A Great 4 Bedroom HUD-Owned Home in Apex NC
Great Value on this HUD-Owned Home
Case Number 381-927398
At $247,000, this appealing home with a cheerful quality kitchen represents one of the best values in Apex, NC.
This HUD-Owned home is just waiting for your offer. You need a HUD-Registered agent to write and present it.
I am a HUD-Registered agent and can show it and write up your offer. Bidding is open daily for all bidders, including owner-occupants and investors.
Learn more from my No Hassle Home Search.
This nearly new home has 4 bedrooms on a quiet culdesac, stainless steel appliances, granite, wood flooring, a “Welcome Home” front porch, low maintenance vinyl exterior, a great two car garage, 3 1/2 baths, a sunny deck in a fenced back yard, and a great floor plan flooded with light from many windows.
Triangle MLS Buyer Full Report
Bidding is open for All Bidders, including Investor Bidding as well as Owner-Occupants.
Built in 1997 and looking for a new owner to love it like it should be loved!
Recent Sales in the Neighborhood as Recorded at Wake County.
Call or email me to see it and let’s write it up!
Read “Working with Real Estate Agents” from the North Carolina Real Estate Commission
KELLER WILLIAMS® Realty Cary NC
Mike Jaquish, REALTOR®
Cary home buyers who want basement homes often have to compromise. Many select finished attics.
Basement Homes in Cary NC
Basements in Cary NC
Cary home buyers from other regions often are shocked that many Cary homes do not have basements, and buyers agents need to do some explaining.
There are several contributing factors to that situation.
1. Basements are not structurally necessary, so they are luxury priced. We just don't need them. In the north and midwest states, it is necessary to excavate footings 4 to 8 feet below grade to get below frost depth. We only need, by code, to bury footings 15 inches below grade, so further excavation is unnecessary. And expensive.
2. Many Triangle areas have high water tables on site. Water around foundation walls is more likely to intrude into the interior of the basement.
3. Expansive clay soils. Our soils will expand and contract as they get wet and dry. This movement can stress walls, and allow more opportunity for water intrusion.
4. Cost of finish. It is usually more cost effective to convert attic space and finish it than to create and finish a basement. And the home buyers benefit from being high, dry and lit by sunlight.
Yes, you can get a basement in Cary NC. Commonly, it will be a "walk out" basement, also known as a "daylight" basement. one or two walls will be above grade, with exit doors and windows. And the lot will have some slope to accommodate this. Dugout, hole in the ground, basements are extremely rare.
Cary Homes for Sale with Basements
Buyers look for items that are dealbreakers for them. When deficiencies cannot be cured, smart Sellers and their listing agents price homes accordingly.
Buyers and Dealbreakers
Buyers will often cite a "dealbreaker" when considering a home. In Cary, NC, some of those items are steep driveways, proximity to large powerlines, proximity to busy thorofares, railroad tracks, or excessive airplane traffic.
Some buyers are willing to work with a home that has only a single negative feature, but when they add up, those buyers often lose interest.
A few years ago, I listed and sold a home with a steep driveway, powerlines and a railroad behind it. How can that be overcome?
We have a saying in real estate, that "Price fixes all deficiencies." In other words, when a home's price recognizes the diminished value created by excessive incurable deficiencies, and there is an affordable home with otherwise great features, there will be a buyer.
Smart home sellers and their listing agents in Cary will take negative items they cannot change into account when pricing the home for sale.
Check out garage dimensions to make sure you can park 2 cars in a 2 car garage in Cary.
Garages in Cary NC
How many cars can you fit into a 2 car garage?
What makes a garage a 2 car garage? Or a 3 car garage?
How can you tell?
The big door in front won't tell you. You can get a pretty big door on a pretty small garage.
We see Cary listing agents marketing 2 car garages, or 3 car garages, for their seller. But, some garages are so tight, it is difficult to imagine parking two cars and being able to open their doors.
Or, as often done in Cary, the water heater is placed in the garage, in the parking space. Or the builder adds a flight of stairs from the garage to the living area, and that flight of stairs encroaches into a parking space.
So, when working as a buyers agent, I take a very close look at the garage layout, the dimensions, and other factors that can impact the utility of the space. And sometimes I will tell my home buyers, "Well, heck. That's a 4 car garage. If you own 4 Smart cars." In other words, you will work hard to park 2 cars in that garage.
APR, Annual Percentage Rate Calculator
What is the real cost of your Home Loan? You have to consider more than just the interest rate you were quoted. Consider all the fees and charges to get the money for your new home, and you will see that the actual Annual Percentage Rate is nearly always higher than the interest rate you were quoted.
Even better, when we find that new home in Cary, let me connect you with a great mortgage professional who will explain APR in detail for you, and deliver that affordable home loan package than best fits your needs.
Until then, Calcmoolator gave me a nice free calculator to help you make an educated guess at your APR:
Discussion of termite plans, termite inspections, and how that varies from pest services in Cary.
Termites? In Cary NC? Well…. Yes.
One home inspection that home buyers always have performed on a Cary home is to have a licensed pest firm check for termites. Termites are very common in the Cary area and a smart buyers agent will press the home buyer hard to have the property checked out during the due diligence period of the contract.
It is also common for a home owner to carry a termite protection contract, which usually includes a repair policy for any termite damage. If the home seller has carried such a plan, the seller should let the listing agent know, and that becomes a selling point in the listing. If the plan is transferable, it is even more affordable and valuable to the home buyer.
Some folks confuse a termite plan with quarterly pest service. Those are two very different services, even though they are offered by nearly all pest and termite control firms in the Triangle area.
Listing Agents should encourage de-cluttering of storage areas to impress buyers and buyers agents.
Cary NC Real Estate Talk
Selling Your Home? De-Clutter Your Attic!
Many home sellers in Cary have embraced some degree of staging their home for sale. Listing agents are seeing more interest in home staging, de-cluttering, and generally making the home show better.
And then we get to the attic, basement, or garage. Those areas are all too often overlooked in the staging process. Large spaces show well when they are open, and the home buyer and their buyers agent are impressed with spaciousness in storage.
My advice? De-Clutter the auxiliary spaces and storage areas for better showings!
Updates bring Sellers more value than offering Allowances.
Cary Listing Agent says, "Updates Trump Allowances!"
When listing a home for sale, whether Home Sellers should do updates and minor repairs prior to listing or to just offer allowances for home buyers to handle updates themselves is a common question.
I fall into the freshen, repair, and update camp. Of course, that is dependent on the ability of the Home Seller to afford the costs of work out of pocket prior to receiving sales proceeds.
I like to say that it is about "conversations." Fewer defects and issues are fewer items of conversation, fewer things to talk about, whether it is the agent coaching buyers that they can handle updates, or the negotiations between the buyers themselves. Less conversation may well mean more money in a faster sale.
Smart Cary Home Sellers want Buyers and Buyers agents talking among themselves about how fresh and up-to-date the property seems, how little updating the Buyer will need to do after closing, how that may create a more affordable home.
For Sale By Owner Video Blog
For Sale By Owner? FSBO in Cary NC?
We are seeing more and more Cary homeowners test the market with For Sale By Owner, AKA FSBO, offerings.
I think right now that approach takes some guts, as even the Cary NC real estate market is a little soft at some price points. Hopefully, the FSBO Owner is trying to present more affordable home pricing to potential buyers and their Buyers agent.
But, I stop short of harassing For Sale By Owner sellers to convince them they are mistaken if they do not use me as their listing agent. Whether they are listed on the Triangle MLS or not, I assume that most people are sharp enough that IF they want a listing agent, they will hire a listing agent.
Calculate how much mortgage you can handle with Mike’s Mortgage Calculator.
Affordable Mortgage Calculator
I picked up this Mortgage Affordability Calculator from Calcmoolator. It is informal, but can help folks have a little fun comparing their finances to home costs, and to determine if affordable home ownership is feasible for them. Users should adjust taxes and insurance to reflect something closer to market value in Cary.
A listing agent or Seller will not accept these results as proof that a Buyer can afford a home. And a Buyers agent should not think a quick calculation like this is proof that the buyer can afford a home. The calculator is not a substitute for a prequalification session or a mortgage preapproval letter from a lender, but it can help folks gain some focus on some of the issues in home lending. Of course, if you want to step directly into working with a great mortgage banker, I always recommend Kevin Martini of SunTrust Mortgage.
Mike's Affordable Mortgage Calculator. Have Fun!