Get Pre-approved to have a chance in the Cary Real Estate Market.

Craziness reigns in Cary real estate.
But, buyers, if you think you are going to score a new home in a great Cary neighborhood this spring, you are going to have to have a plan.

MLS home listing inventory has shrunk, while demand has boomed. Desirable homes, and even homes of questionable value, are popping off the market.

“He who hesitates is lost,” is the fact of life for Cary home buyers right now.
But, “Haste makes Waste” also comes to mind.

So, buyers need to be methodical, and deliberate. And efficient.
Get funding lined up. Proof of funds for a cash buyer. Solid pre-approval letter from a respected lender for borrowers.
Listen to your Realtor. Get those out of the way.
They are necessary groundwork. Once they are procured, you are in a position to make a quick offer when a home clicks.
And, quickness in deliberation is required!

Buyers’ Market? Sellers Market? Maybe it’s a Ninja’s Market!

Home buyers are noticing that desirable properties, depleted inventory, and great demand are creating multiple offers daily in the Triangle.
Welcome to the Cary NC real estate market, 2013 Version.

We are seeing homes sold with 0, Zero, Days On Market. The Pocket Listing is back. Sell them before they hit the MLS.
We are seeing showings declined on Active listings, and no response from the listing agent. Et Voila! A contract!
We are seeing homes go under contract before photos are posted to MLS.

Buyers’ agents must sniff out opportunity and be ready to turn on a dime.
Like the ninja of old, it can take legendary skills to complete the task. I haven’t developed the skills of invisibility, time travel, or shape-shifting, but they may come in handy.

More seriously, the market was strengthening for sellers and getting more competitive for buyers through last year, 2012. Then the news broke that Wake County Public Schools would resume school assignment by address. And some areas went into hyper-drive. Davis Drive Elementary School and Davis Drive Middle School are two very desirable schools. Historically, homes with school assignments for those two schools have traded at a premium. Confusion over school assignments for a couple of years defused that demand. Now? Buyers flock to homes in neighborhoods that have assignments for both schools.

HUD Home 111 Sterlingdaire Cary NC

HUD Home. Back on the Market!! 111 Sterlingdaire Drive, Cary NC

Case Number 381-848768

At $144,000 near the Heart of Cary, this home has a ton of potential!

Cute!  Cute!  Cute!!  And Affordable, too!!

  • 3 Bedrooms
  • 2 full baths
  • Private side patio
  • Open Floor Plan
  • Quiet Street
  • Close to everything Cary has to offer!

Open Floor Plan

Light and Bright!

This HUD-Owned home is just waiting for your offer. HUD requires you to use a HUD-Registered agent to write and present it.

I am a HUD-Registered agent and can show it, represent you, and write up your offer. Note: Some HUD properties are reserved for Owner-Occupant, Government Agency, or Non-Profit Bids only through a period of time.

Never register on a real estate site to search for your next home.

Try my No Hassle Property Search!!

HUD Home: 307 Swordgate Drive, Cary NC 27513. Davis Drive, Davis Drive, Green Hope HS

307 Swordgate Drive in Cary is a HUD Home in a great location with Davis Drive and Green Hope School assignments.

HUD Case Number 381-915588

Only $265,000. HUD Home: 307 Swordgate Drive

307 Swordgate Drive in Cary is a cute 5 bedroom home with great potential, and priced at only 265,000, in MacArthur Park.

See 307 Swordgate Drive listing on my No Hassle Property Search.

Great House with a ton of Potential

This HUD-Owned Home offers:

  • 2776 Square Feet
  • 5 bedrooms with a vaulted master suite.
  • 2.5 baths
  • Only 16 years old, built in 1995.
  • Family room, Office/den, and living room.
  • Large sunny kitchen with smooth-top stove
  • Great deck in a lovely and private, fenced back yard.
  • Natural Gas heat
  • 2 car garage.
  • Easy care vinyl siding
  • Convenient location with Daveis Drive/Davis Drive/Green Hope School Assignments.
  • Great Town of Cary services.

Huge Bright Cook's Kitchen

Bright Sunny Kitchen

Dual Vanities and separate shower and soaker tub

Master Bath has separate tub and shower, and dual vanities

Private yard with nice landscaping and deck

Private back yard and large deck

HUD Requires you to use a HUD-Registered agent to write and present your offer. I am a HUD-Registered agent and can serve you as your Buyer’s Agent and write your offer.

Call me to arrange your personal showing of this great opportunity in Cary.

Mike Jaquish, REALTOR®

919.880.2769

http://caryrealestatesales.com/

Broker Associate

KELLER WILLIAMS® Realty Cary NC

Fair Housing logo

505 Spencer Crest Court, Cary NC 27513

This one is S-O-L-D!

505 Spencer Crest Court is a lovely home, nearly new, in Bexley at Weston, in north Cary.

505 Spencer Crest Court offers:

  • 3252 Square Feet
  • 5 bedrooms, including one on the main level
  • 3 full bathrooms, all with tile
  • Granite tops in the kitchen and master bath
  • Stainless steel appliances, including gas cooktop
  • Hardwoods on the main level and the entire staircase
  • Excellent bonus room for media
  • Large open 2nd level loft for reading nook, school desks, etc.
  • Exterior is brick on four sides, with stone and fiber-cement accents
  • Low maintenance lot, with reclaimed water irrigation and attractive landscaping
  • Wonderful and convenient N Cary location

Access to points of interest is excellent, including Raleigh, NC State University, RDU Airport, NC State Museum of Art, the NC State Fairgrounds, Umstead Park, North Cary Park and Town of Cary Greenways, and Wake County Lake Crabtree Park.

505 Spencer Crest Court is located outside the RDU Air Traffic mandatory notification zones. There may be occassional air traffic, but not at a level that mandates disclosure.

Call me for a showing or more information:

Mike Jaquish, REALTOR®
919.880.2769

Broker Associate, KELLER WILLIAMS® Realty
Cary NC

Sold. 1756 Laurel Park Place, HUD-Owned Home, Cary NC







This one is Sold….HUD-Owned Home

Great Value on this HUD-Owned Home



Case Number 387-029530




At $248,000, this home is certainly one of the best values in Cary NC, priced well below most recent newer 4 bedroomhome sales.


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 owner-occupants, non-profits, and government agencies.



More information from my No Hassle Home Search.


This nearly new home has 4 bedrooms on a quiet culdesac, stainless steel appliances, wood flooring, low maintenance vinyl exterior, a great two car garage, 2 1/2 baths, a sunny patio, and a great floor plan flooded with light from many windows.


Lovely Home!



Built in 2009, this home is only 2 years old, affordable, and ready for a new owner to love it.





Recent Sales in the Neighorhood as Recorded at Wake County.






Triangle MLS Buyer Full Report

Not yet opened up to invester bidding. Owner-occupant or non-profit/government only.


Call or email me to see it and write it up!


Mike Jaquish, REALTOR®



919.880.2769




http://caryrealestatesales.com/



Broker Associate
KELLER WILLIAMS® Realty Cary NC

 
 

Fair Housing logo

Comps, Competition, and Compelling Pricing

Cary Home Sales set comps. Competitive pricing compels buyers to buy.



Comps, Competition, and Compelling Pricing

Comps, Competition, and Compelling Pricing

Everyone wants to see "Comps," comparable closed sales when fixing a price for a new listing.

I agree.  We have to begin with the end in mind, and the "End in Mind" is a closed sale.  A contract price MUST be supported by market activity, specifically recent, comparable sales that have closed.

However, a smart seller and smart listing agent will also consider "Competition."  And that will include properties outside the specific neighborhood where the home to be listed for sale is located.
See, while the neighborhood activity must support the sales price for appraisal purposes, Buyers have myriad choices outside the neighborhood. 
A home worth $400,000 must compete with and draw attention away from other $400,000 choices.  We just cannot tell Buyers that they can only shop one neighborhood.

So, Sellers have to be competitive across a broader area, perhaps a school district, or a local geographic area in a county or town.
In Cary, and Wake County, NC, the Wake County Public School System manages all public schools at the County level.  Town boundaries do not indicate school assignments, and it is not uncommon to see a neighborhood, all or part, reassigned to another school
So, parents will shop various school assignments, attempt to grasp stability in assignment, and affordable neighborhood options. To do so, they may look in a ten mile radius, or farther.  That search may take them out of Cary, and into Morrisville, Apex, Raleigh or any other local municipality. 
That is why it is smart to consider a wide area of competitive Active listings when pricing a home.

Comps, Competition, and Compelling Pricing, via 60 Seconds in Real Estate, Cary NC:

 


I was just offered a “$2000 Realtor Bonus on Move-in Ready Homes”

Real Estate Brokers should be transparent regarding compensation.



Cary Real Estate Topics

 

It just came across in an email:  "$2000 Realtor Bonus on Move-in Ready Homes"
How does that benefit my Buyer clients?  If I am given a financial inducement "or bribe" to drag them out to a new home neighborhood, am I taking them out because the property suits them, or because the bonus suits me?
Should they wonder about it?

Now, in North Carolina, it is required for a REALTOR® to disclose any compensation in addition to that predicted in the Buyers Agency Agreement.  That disclosure must be done prior to writing an offer, and preferably when initially showing the property.
We REALTORS® even have a document to document the disclosure, Form 770.
It isn't a matter of tripping over nickels and dimes, but of additional compensation in the form of bonuses, high Buyer Agent co-broke commissions, and spiffs like Ipads, points that let me build a higher commission for multiple sales or earn a cruise, or other attractive inducements.
It all seems to present great opportunity for conflict of interest for the agent.

The cure?  Bonuses and other inducements are here to stay.  So, I think it is incumbent on real estate brokers to be transparent regarding their compensation, comfortable in discussing it, and willing to answer client questions regarding compensation. 


SOLD! In 8 days! 204 Amberglow Place, Cary, NC 27513: Sparkling and Cute. 3BR/3 full Baths, too!

I just SOLD this great home in BrookGreen Forest. At $217,500 it offers a ton of features. Continue reading “SOLD! In 8 days! 204 Amberglow Place, Cary, NC 27513: Sparkling and Cute. 3BR/3 full Baths, too!”

Sometimes I get nervous. Too many keys…

A while back, I was showing homes in a Cary, NC, neighborhood to clients.  We spotted a sign and called in for an impromptu appointment to see the home.  We got the appointment and the lockbox code. Continue reading “Sometimes I get nervous. Too many keys…”