Case Number 381-848768

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

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!!

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.

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.

Bright Sunny Kitchen

Master Bath has separate tub and shower, and dual vanities

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

501 Midenhall Way Cary NC

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501 Midenhall Way is a lovely home in the Wessex neighborhood of Cary.

Wessex offers large lots, custom homes, lush landscaping and a superb Cary location.  Wessex residents enjoy easy access to RDU Airport, Downtown Raleigh, RTP, NC State University, NC State Fairgrounds, NC Museum of Art, RBC Center, Carter-Finley Stadium, and shopping and retail.  Also nearby are Lake Crabtree County Park, Umstead Park, and North Cary Park, all accessible via easy access to the Town of Cary Greenways.

Wessex is also outside the Raleigh-Durham International Airport Air Traffic Noise Disclosure zones.  There may be an airplane overhead from time to time, but plane traffic is light enough that disclosure is not required.

501 Midenhall Way, based on the award-winning John Weiland Homes Waterton floor plan, has all the features you would expect in a fine upscale home in Cary:

• Hardwood floors
• 3 Sides Brick Exterior
• Granite Countertops
• 2 Story Family Room
• Side-loading Garage
• Gorgeous Master Suite on the Main Level with vaulted ceiling
• Generous Closet and Storage space on all levels
• Circular Drive on an Appealing Corner Lot
• Large Front Porch for Relaxing and Viewing the Neighborhood
• Private and nature-filled back yard

In addition, the owners have had the home inspected and performed the repairs. They also added significant upgrades for your comfort and reliability:

• Copper water supply lines replacing polybutylene
• Hurd Low-E windows throughout, including the patio door, replacing builder-grade windows
• Complete replacement of the HVAC systems with Lennox SEER 13 equipment, including all ductwork, electrostatic air cleaners, and humidification on the lower level.
• 75 gallon water heater in the Garage, with hot water circulator.  Never run out of hot water
• Security System
• Built-in Sub-Zero freezer in the huge laundry room

View the Triangle MLS Buyer Sheet for 501 Midenhall Way, MLS#1801212

And this home LOOKS great.  See the 501 Midenhall Way Slideshow:

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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

Great 4 Bedroom HUD-Owned Home

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:

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. 

MLS #1717377

The kitchen is well-appointed, with plenty of storage, granite counters, and an equipped laundry.
There are three nice bedrooms, each with a full bath. And the master suite is exceptional!
The back yard is fully fenced, and has a deck and a paved patio for outdoor life.
Located in a great affordable neighborhood, Brookgreen Forest, 204 Amberglow Place offers access to daily shopping needs and services, while you live on a quiet side street out of the noise and hustle and bustle.

Give me call for your personal showing!

The house was vacant.  And the front door was open…  A nice couple came out.   The man said, “What should I do with the key?”

Me:  “Uh… The lockbox, maybe?”

Him:  “Well…  It was over the door.”  And he started to put it on the ledge over the door.

I said, “Hold on.”

He gave me the key, and after viewing the property, we decided to leave.  I went to put the key into the lockbox, and… There was already a key in there.  So I put the key over the door where the other feller apparently got it.

This was a Seller who bought a cheap listing in the MLS and apparently was turned loose by the negligent agent who took his money.  Apparently the Seller kept a key over the door for his clientele, and one in the lockbox for Realtors.   What an opportunity for a mess!

I have thought about it ever since, and I wonder who would get the call if something was stolen, broken, or otherwise damaged, or if the door was left unlocked.  Would it be an unescorted, unregistered visitor, or a real estate agent who was unfortunate enough to be the last one registered to show the home?

With over 3,000 photos posted, and over 8,000 views of photos, I have to say I really have enjoyed my first year using Flickr. I have the Flickr Pro account, that offers me unlimited monthly photo posting for only $24.95/year. A bargain, I think.

Flickr has served me many ways:

I can take photos of neighborhoods and send them to folks who make inquiries.

A lady called me from out of town and asked me to check on real estate she owned, without ever having seen it. 60+ photos later, she had seen it, and felt a lot better.

Flickr lets me post photos, and easily link to them in emails and blog posts.

When I do a Cary, NC, neighborhood profile blog, I can link to the Flickr photo slideshow for that blog, and visitors can see all the photos I have taken in the area. I can do the same thing for listings, offering photo sets for the home, far above the limits of the MLS and Realtor.com.

The features on Flickr are simple to use, fairly intuitive, and responsive. I have uploaded as many as 115 photos in one batch. It takes a few minutes, but sure beats anything else I have tried.